Adjustments to Financial Statements
Advanced level
Adjustments to Current Assets
Comcast Corp., adjusted current assets
US$ in millions
|
|
Dec 31, 2019 |
Dec 31, 2018 |
Dec 31, 2017 |
Dec 31, 2016 |
Dec 31, 2015 |
|
As Reported |
|
|
Current assets |
25,392 | 21,848 | 16,060 | 16,361 | 12,303 |
|
Adjustments |
|
|
Add: Allowance for doubtful accounts |
419 | 352 | 288 | 250 | 226 |
|
After Adjustment |
|
|
Adjusted current assets |
25,811 |
22,200 |
16,348 |
16,611 |
12,529 |
Based on:
10-K (filing date: 2020-01-30),
10-K (filing date: 2019-01-31),
10-K (filing date: 2018-01-31),
10-K (filing date: 2017-02-03),
10-K (filing date: 2016-02-05).
Adjustments to Total Assets
Comcast Corp., adjusted total assets
US$ in millions
|
|
Dec 31, 2019 |
Dec 31, 2018 |
Dec 31, 2017 |
Dec 31, 2016 |
Dec 31, 2015 |
|
As Reported |
|
|
Total assets |
263,414 | 251,684 | 186,949 | 180,500 | 166,574 |
|
Adjustments |
|
|
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)1 |
— | 4,384 | 3,335 | 3,189 | 2,730 |
|
|
Add: Allowance for doubtful accounts |
419 | 352 | 288 | 250 | 226 |
|
After Adjustment |
|
|
Adjusted total assets |
263,833 |
256,420 |
190,572 |
183,939 |
169,530 |
Based on:
10-K (filing date: 2020-01-30),
10-K (filing date: 2019-01-31),
10-K (filing date: 2018-01-31),
10-K (filing date: 2017-02-03),
10-K (filing date: 2016-02-05).
1 Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »
Adjustments to Current Liabilities
Comcast Corp., adjusted current liabilities
US$ in millions
|
|
Dec 31, 2019 |
Dec 31, 2018 |
Dec 31, 2017 |
Dec 31, 2016 |
Dec 31, 2015 |
|
As Reported |
|
|
Current liabilities |
30,292 | 27,603 | 21,561 | 21,535 | 18,178 |
|
Adjustments |
|
|
Less: Current deferred revenue |
2,768 | 2,182 | 1,552 | 1,132 | 1,302 |
|
After Adjustment |
|
|
Adjusted current liabilities |
27,524 |
25,421 |
20,009 |
20,403 |
16,876 |
Based on:
10-K (filing date: 2020-01-30),
10-K (filing date: 2019-01-31),
10-K (filing date: 2018-01-31),
10-K (filing date: 2017-02-03),
10-K (filing date: 2016-02-05).
Adjustments to Total Liabilities
Comcast Corp., adjusted total liabilities
US$ in millions
|
|
Dec 31, 2019 |
Dec 31, 2018 |
Dec 31, 2017 |
Dec 31, 2016 |
Dec 31, 2015 |
|
As Reported |
|
|
Total liabilities |
178,168 | 177,866 | 116,143 | 122,880 | 111,375 |
|
Adjustments |
|
|
Add: Operating lease liability (before adoption of FASB Topic 842)1 |
— | 4,384 | 3,335 | 3,189 | 2,730 |
|
|
Less: Deferred income taxes2 |
28,180 | 27,589 | 24,256 | 34,854 | 33,566 |
|
|
Less: Deferred revenue |
3,386 | 2,832 | 1,552 | 1,132 | 1,302 |
|
After Adjustment |
|
|
Adjusted total liabilities |
146,602 |
151,829 |
93,670 |
90,083 |
79,237 |
Based on:
10-K (filing date: 2020-01-30),
10-K (filing date: 2019-01-31),
10-K (filing date: 2018-01-31),
10-K (filing date: 2017-02-03),
10-K (filing date: 2016-02-05).
Adjustments to Stockholders’ Equity
Comcast Corp., adjusted total Comcast Corporation shareholders’ equity
US$ in millions
|
|
Dec 31, 2019 |
Dec 31, 2018 |
Dec 31, 2017 |
Dec 31, 2016 |
Dec 31, 2015 |
|
As Reported |
|
|
Total Comcast Corporation shareholders’ equity |
82,726 | 71,613 | 68,606 | 53,943 | 52,269 |
|
Adjustments |
|
|
Less: Net deferred tax asset (liability)1 |
(28,093) | (26,369) | (24,202) | (34,813) | (33,566) |
|
|
Add: Allowance for doubtful accounts |
419 | 352 | 288 | 250 | 226 |
|
|
Add: Deferred revenue |
3,386 | 2,832 | 1,552 | 1,132 | 1,302 |
|
|
Add: Redeemable noncontrolling interests and redeemable subsidiary preferred stock |
1,372 | 1,316 | 1,357 | 1,446 | 1,221 |
|
|
Add: Noncontrolling interests |
1,148 | 889 | 843 | 2,231 | 1,709 |
|
After Adjustment |
|
|
Adjusted total equity |
117,144 |
103,371 |
96,848 |
93,815 |
90,293 |
Based on:
10-K (filing date: 2020-01-30),
10-K (filing date: 2019-01-31),
10-K (filing date: 2018-01-31),
10-K (filing date: 2017-02-03),
10-K (filing date: 2016-02-05).
Adjustments to Capitalization Table
Comcast Corp., adjusted capitalization table
US$ in millions
|
|
Dec 31, 2019 |
Dec 31, 2018 |
Dec 31, 2017 |
Dec 31, 2016 |
Dec 31, 2015 |
|
As Reported |
|
|
Current portion of long-term debt |
4,452 | 4,398 | 5,134 | 5,480 | 3,627 |
|
|
Long-term debt, less current portion |
97,765 | 107,345 | 59,422 | 55,566 | 48,994 |
|
|
Total reported debt |
102,217 |
111,743 |
64,556 |
61,046 |
52,621 |
|
|
Total Comcast Corporation shareholders’ equity |
82,726 | 71,613 | 68,606 | 53,943 | 52,269 |
|
|
Total reported capital |
184,943 |
183,356 |
133,162 |
114,989 |
104,890 |
|
Adjustments to Debt |
|
|
Add: Operating lease liability (before adoption of FASB Topic 842)1 |
— | 4,384 | 3,335 | 3,189 | 2,730 |
|
|
Add: Current operating lease liability (included in Accrued expenses and other current liabilities)2 |
715 | — | — | — | — |
|
|
Add: Noncurrent operating lease liability (included in Other noncurrent liabilities)3 |
3,891 | — | — | — | — |
|
|
Adjusted total debt |
106,823 |
116,127 |
67,891 |
64,235 |
55,351 |
|
Adjustments to Equity |
|
|
Less: Net deferred tax asset (liability)4 |
(28,093) | (26,369) | (24,202) | (34,813) | (33,566) |
|
|
Add: Allowance for doubtful accounts |
419 | 352 | 288 | 250 | 226 |
|
|
Add: Deferred revenue |
3,386 | 2,832 | 1,552 | 1,132 | 1,302 |
|
|
Add: Redeemable noncontrolling interests and redeemable subsidiary preferred stock |
1,372 | 1,316 | 1,357 | 1,446 | 1,221 |
|
|
Add: Noncontrolling interests |
1,148 | 889 | 843 | 2,231 | 1,709 |
|
|
Adjusted total equity |
117,144 |
103,371 |
96,848 |
93,815 |
90,293 |
|
After Adjustment |
|
|
Adjusted total capital |
223,967 |
219,498 |
164,739 |
158,050 |
145,644 |
Based on:
10-K (filing date: 2020-01-30),
10-K (filing date: 2019-01-31),
10-K (filing date: 2018-01-31),
10-K (filing date: 2017-02-03),
10-K (filing date: 2016-02-05).
1 Operating lease liability (before adoption of FASB Topic 842). See details »
2 Current operating lease liability (included in Accrued expenses and other current liabilities). See details »
3 Noncurrent operating lease liability (included in Other noncurrent liabilities). See details »
4 Net deferred tax asset (liability). See details »
Adjustments to Revenues
Comcast Corp., adjusted revenue
US$ in millions
|
12 months ended: |
Dec 31, 2019 |
Dec 31, 2018 |
Dec 31, 2017 |
Dec 31, 2016 |
Dec 31, 2015 |
|
As Reported |
|
|
Revenue |
108,942 | 94,507 | 84,526 | 80,403 | 74,510 |
|
Adjustment |
|
|
Add: Increase (decrease) in deferred revenue |
554 | 648 | 420 | (170) | 387 |
|
After Adjustment |
|
|
Adjusted revenue |
109,496 |
95,155 |
84,946 |
80,233 |
74,897 |
Based on:
10-K (filing date: 2020-01-30),
10-K (filing date: 2019-01-31),
10-K (filing date: 2018-01-31),
10-K (filing date: 2017-02-03),
10-K (filing date: 2016-02-05).
Adjustments to Reported Income
Comcast Corp., adjusted net income attributable to Comcast Corporation
US$ in millions
|
12 months ended: |
Dec 31, 2019 |
Dec 31, 2018 |
Dec 31, 2017 |
Dec 31, 2016 |
Dec 31, 2015 |
|
As Reported |
|
|
Net income attributable to Comcast Corporation |
13,057 | 11,731 | 22,714 | 8,695 | 8,163 |
|
Adjustments |
|
|
Add: Deferred income tax expense (benefit)1 |
563 | 290 | (10,655) | 1,444 | 958 |
|
|
Add: Increase (decrease) in allowance for doubtful accounts |
67 | 64 | 38 | 24 | 21 |
|
|
Add: Increase (decrease) in deferred revenue |
554 | 648 | 420 | (170) | 387 |
|
|
Add: Other comprehensive income (loss) |
1,402 | (864) | 168 | 346 | (57) |
|
|
Add: Comprehensive income (loss), net of tax, attributable to noncontrolling interest |
253 | 90 | 267 | 424 | 221 |
|
After Adjustment |
|
|
Adjusted net income |
15,896 |
11,959 |
12,952 |
10,763 |
9,693 |
Based on:
10-K (filing date: 2020-01-30),
10-K (filing date: 2019-01-31),
10-K (filing date: 2018-01-31),
10-K (filing date: 2017-02-03),
10-K (filing date: 2016-02-05).
