Stock Analysis on Net
Stock Analysis on Net

Comcast Corp. (NASDAQ:CMCSA)

$24.99

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity

Paying user area

Try for free

Comcast Corp. pages available for free this week:

The data is hidden behind: . Unhide it.

Get access

This is a one-time payment. There is no automatic renewal.

We accept:

Visa Mastercard American Express Maestro Discover JCB PayPal Google Pay
Visa Secure Mastercard Identity Check American Express SafeKey

Comcast Corp., common-size consolidated balance sheet: liabilities and stockholders’ equity

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Accounts payable and accrued expenses related to trade creditors
Deferred revenue
Accrued expenses and other current liabilities
Current portion of debt
Advance on sale of investment
Current liabilities
Noncurrent portion of debt
Collateralized obligation
Deferred income taxes
Other noncurrent liabilities
Noncurrent liabilities
Total liabilities
Redeemable noncontrolling interests
Preferred stock; issued, zero
Class A common stock, $0.01 par value
Class B common stock, $0.01 par value
Additional paid-in capital
Retained earnings
Treasury stock
Accumulated other comprehensive income (loss)
Total Comcast Corporation shareholders’ equity
Noncontrolling interests
Total equity
Total liabilities and equity

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

Current Liabilities
Current liabilities as a percentage of total liabilities and equity exhibit an upward trend from 10.51% in 2020 to 14.87% in 2024, peaking at 15.18% in 2023. This increase is mostly driven by accrued expenses and other current liabilities, which rose notably from 4.13% in 2020 to 5.02% in 2023 before slightly declining to 4.01% in 2024. Additionally, the current portion of debt showed fluctuations, dropping from 1.15% in 2020 to a low of 0.68% in 2022, followed by a sharp rise to 1.84% in 2024. Deferred revenue as a portion of current liabilities increased steadily from 1.08% in 2020 to 1.32% in 2024, with a notable increase in 2023.
Noncurrent Liabilities
Noncurrent liabilities as a share of total liabilities and equity remained relatively stable with minor fluctuations. They decreased from 55.52% in 2020 to 52.72% in 2024, experiencing a peak at 57.27% in 2022. The noncurrent portion of debt showed a decline from 36.74% in 2020 to 35.38% in 2024, with a slight dip during 2021, followed by a recovery in 2022 and gradual decrease thereafter. Deferred income taxes decreased from 10.24% in 2020 to 9.48% in 2024. Other noncurrent liabilities increased modestly from 6.65% in 2020 to 7.87% in 2024. Collateralized obligations were present until 2022 at approximately 1.9-2.0%, but were not reported in subsequent years.
Total Liabilities
Total liabilities as a percentage of total liabilities and equity remained fairly consistent within a small range, between 64.48% in 2021 and 68.48% in 2023. There was a moderate increase from 66.04% in 2020 to a peak of 68.48% in 2023, followed by a slight decrease to 67.59% in 2024.
Shareholders’ Equity
Total shareholders’ equity demonstrated some volatility, decreasing from 33.50% in 2020 to 31.43% in 2023 before rebounding to 32.32% in 2024. This movement primarily reflects the changes in retained earnings which rose from 20.61% in 2020 to a peak of 22.44% in 2021, then declined to 19.97% in 2023 before increasing again to 21.40% in 2024. Additional paid-in capital remained relatively stable around 14-15%. Treasury stock showed a modest increase in absolute negative impact, moving from -2.74% in 2020 to -2.82% in 2024. Accumulated other comprehensive income (loss) shifted from a positive 0.69% in 2020 to a negative position by 2022, remaining negative through 2024 indicating increasing unrealized losses or other comprehensive income items adversely affecting equity.
Other Observations
Accounts payable and accrued expenses related to trade creditors steadily increased from 4.15% in 2020 to a peak of 4.88% in 2022 before decreasing to 4.25% in 2024. Advance on sale of investment was introduced in 2023, representing a significant component at 3.46% and slightly declining to 3.44% in 2024. Redeemable noncontrolling interests decreased consistently from 0.47% in 2020 to 0.09% in both 2023 and 2024, reflecting a reduction in minority interests that are redeemable. Noncontrolling interests decreased from 0.52% in 2020 to 0.18% in 2024, indicating a declining stake attributable to minority shareholders in consolidated entities.