Adjustments to Financial Statements
Advanced level
Adjustments to Current Assets
Comcast Corp., adjusted current assets
US$ in millions
|
|
Dec 31, 2018 |
Dec 31, 2017 |
Dec 31, 2016 |
Dec 31, 2015 |
Dec 31, 2014 |
|
As Reported |
|
|
Current assets |
21,848 |
16,060 |
16,361 |
12,303 |
13,531 |
|
Adjustments |
|
|
Add: Allowance for doubtful accounts |
352 |
288 |
250 |
226 |
205 |
|
After Adjustment |
|
|
Adjusted current assets |
22,200 |
16,348 |
16,611 |
12,529 |
13,736 |
Based on:
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),
10-K (filing date: 2015-02-27).
Adjustments to Total Assets
Comcast Corp., adjusted total assets
US$ in millions
|
|
Dec 31, 2018 |
Dec 31, 2017 |
Dec 31, 2016 |
Dec 31, 2015 |
Dec 31, 2014 |
|
As Reported |
|
|
Total assets |
251,684 |
186,949 |
180,500 |
166,574 |
159,339 |
|
Adjustments |
|
|
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)1 |
4,384 |
3,335 |
3,189 |
2,730 |
1,855 |
|
|
Add: Allowance for doubtful accounts |
352 |
288 |
250 |
226 |
205 |
|
After Adjustment |
|
|
Adjusted total assets |
256,420 |
190,572 |
183,939 |
169,530 |
161,399 |
Based on:
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),
10-K (filing date: 2015-02-27).
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, 2018 |
Dec 31, 2017 |
Dec 31, 2016 |
Dec 31, 2015 |
Dec 31, 2014 |
|
As Reported |
|
|
Current liabilities |
27,603 |
21,561 |
21,535 |
18,178 |
17,410 |
|
Adjustments |
|
|
Less: Current deferred revenue |
2,182 |
1,552 |
1,132 |
1,302 |
915 |
|
After Adjustment |
|
|
Adjusted current liabilities |
25,421 |
20,009 |
20,403 |
16,876 |
16,495 |
Based on:
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),
10-K (filing date: 2015-02-27).
Adjustments to Total Liabilities
Comcast Corp., adjusted total liabilities
US$ in millions
|
|
Dec 31, 2018 |
Dec 31, 2017 |
Dec 31, 2016 |
Dec 31, 2015 |
Dec 31, 2014 |
|
As Reported |
|
|
Total liabilities |
177,866 |
116,143 |
122,880 |
111,375 |
105,205 |
|
Adjustments |
|
|
Add: Operating lease liability (before adoption of FASB Topic 842)1 |
4,384 |
3,335 |
3,189 |
2,730 |
1,855 |
|
|
Less: Deferred income taxes2 |
27,589 |
24,256 |
34,854 |
33,566 |
32,959 |
|
|
Less: Deferred revenue |
2,832 |
1,552 |
1,132 |
1,302 |
915 |
|
After Adjustment |
|
|
Adjusted total liabilities |
151,829 |
93,670 |
90,083 |
79,237 |
73,186 |
Based on:
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),
10-K (filing date: 2015-02-27).
Adjustments to Stockholders’ Equity
Comcast Corp., adjusted total Comcast Corporation shareholders’ equity
US$ in millions
|
|
Dec 31, 2018 |
Dec 31, 2017 |
Dec 31, 2016 |
Dec 31, 2015 |
Dec 31, 2014 |
|
As Reported |
|
|
Total Comcast Corporation shareholders’ equity |
71,613 |
68,606 |
53,943 |
52,269 |
52,711 |
|
Adjustments |
|
|
Less: Net deferred tax asset (liability)1 |
(26,369) |
(24,202) |
(34,813) |
(33,566) |
(32,764) |
|
|
Add: Allowance for doubtful accounts |
352 |
288 |
250 |
226 |
205 |
|
|
Add: Deferred revenue |
2,832 |
1,552 |
1,132 |
1,302 |
915 |
|
|
Add: Redeemable noncontrolling interests and redeemable subsidiary preferred stock |
1,316 |
1,357 |
1,446 |
1,221 |
1,066 |
|
|
Add: Noncontrolling interests |
889 |
843 |
2,231 |
1,709 |
357 |
|
After Adjustment |
|
|
Adjusted total equity |
103,371 |
96,848 |
93,815 |
90,293 |
88,018 |
Based on:
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),
10-K (filing date: 2015-02-27).
Adjustments to Capitalization Table
Comcast Corp., adjusted capitalization table
US$ in millions
|
|
Dec 31, 2018 |
Dec 31, 2017 |
Dec 31, 2016 |
Dec 31, 2015 |
Dec 31, 2014 |
|
As Reported |
|
|
Current portion of long-term debt |
4,398 |
5,134 |
5,480 |
3,627 |
4,217 |
|
|
Long-term debt, less current portion |
107,345 |
59,422 |
55,566 |
48,994 |
44,017 |
|
|
Total reported debt |
111,743 |
64,556 |
61,046 |
52,621 |
48,234 |
|
|
Total Comcast Corporation shareholders’ equity |
71,613 |
68,606 |
53,943 |
52,269 |
52,711 |
|
|
Total reported capital |
183,356 |
133,162 |
114,989 |
104,890 |
100,945 |
|
Adjustments to Debt |
|
|
Add: Operating lease liability (before adoption of FASB Topic 842)1 |
4,384 |
3,335 |
3,189 |
2,730 |
1,855 |
|
|
Adjusted total debt |
116,127 |
67,891 |
64,235 |
55,351 |
50,089 |
|
Adjustments to Equity |
|
|
Less: Net deferred tax asset (liability)2 |
(26,369) |
(24,202) |
(34,813) |
(33,566) |
(32,764) |
|
|
Add: Allowance for doubtful accounts |
352 |
288 |
250 |
226 |
205 |
|
|
Add: Deferred revenue |
2,832 |
1,552 |
1,132 |
1,302 |
915 |
|
|
Add: Redeemable noncontrolling interests and redeemable subsidiary preferred stock |
1,316 |
1,357 |
1,446 |
1,221 |
1,066 |
|
|
Add: Noncontrolling interests |
889 |
843 |
2,231 |
1,709 |
357 |
|
|
Adjusted total equity |
103,371 |
96,848 |
93,815 |
90,293 |
88,018 |
|
After Adjustment |
|
|
Adjusted total capital |
219,498 |
164,739 |
158,050 |
145,644 |
138,107 |
Based on:
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),
10-K (filing date: 2015-02-27).
1 Operating lease liability (before adoption of FASB Topic 842). See details »
2 Net deferred tax asset (liability). See details »
Adjustments to Revenues
Comcast Corp., adjusted revenue
US$ in millions
|
12 months ended |
Dec 31, 2018 |
Dec 31, 2017 |
Dec 31, 2016 |
Dec 31, 2015 |
Dec 31, 2014 |
|
As Reported |
|
|
Revenue |
94,507 |
84,526 |
80,403 |
74,510 |
68,775 |
|
Adjustment |
|
|
Add: Increase (decrease) in deferred revenue |
648 |
420 |
(170) |
387 |
17 |
|
After Adjustment |
|
|
Adjusted revenue |
95,155 |
84,946 |
80,233 |
74,897 |
68,792 |
Based on:
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),
10-K (filing date: 2015-02-27).
Adjustments to Reported Income
Comcast Corp., adjusted net income attributable to Comcast Corporation
US$ in millions
|
12 months ended |
Dec 31, 2018 |
Dec 31, 2017 |
Dec 31, 2016 |
Dec 31, 2015 |
Dec 31, 2014 |
|
As Reported |
|
|
Net income attributable to Comcast Corporation |
11,731 |
22,714 |
8,695 |
8,163 |
8,380 |
|
Adjustments |
|
|
Add: Deferred income tax expense (benefit)1 |
290 |
(10,655) |
1,444 |
958 |
1,165 |
|
|
Add: Increase (decrease) in allowance for doubtful accounts |
64 |
38 |
24 |
21 |
(16) |
|
|
Add: Increase (decrease) in deferred revenue |
648 |
420 |
(170) |
387 |
17 |
|
|
Add: Other comprehensive income (loss) |
(864) |
168 |
346 |
(57) |
(202) |
|
|
Add: Comprehensive income (loss), net of tax, attributable to noncontrolling interest |
90 |
267 |
424 |
221 |
212 |
|
After Adjustment |
|
|
Adjusted net income |
11,959 |
12,952 |
10,763 |
9,693 |
9,556 |
Based on:
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),
10-K (filing date: 2015-02-27).