Adjustments to Financial Statements
Advanced level
Adjustments to Current Assets
Comcast Corp., adjusted current assets
US$ in millions
|
|
Dec 31, 2020 |
Dec 31, 2019 |
Dec 31, 2018 |
Dec 31, 2017 |
Dec 31, 2016 |
|
As Reported |
|
|
Current assets |
26,741 | 25,392 | 21,848 | 16,060 | 16,361 |
|
Adjustments |
|
|
Add: Allowance for doubtful accounts |
807 | 419 | 352 | 288 | 250 |
|
After Adjustment |
|
|
Adjusted current assets |
27,548 |
25,811 |
22,200 |
16,348 |
16,611 |
Based on:
10-K (filing date: 2021-02-04),
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).
Adjustments to Total Assets
Comcast Corp., adjusted total assets
US$ in millions
|
|
Dec 31, 2020 |
Dec 31, 2019 |
Dec 31, 2018 |
Dec 31, 2017 |
Dec 31, 2016 |
|
As Reported |
|
|
Total assets |
273,869 | 263,414 | 251,684 | 186,949 | 180,500 |
|
Adjustments |
|
|
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)1 |
— | — | 4,384 | 3,335 | 3,189 |
|
|
Add: Allowance for doubtful accounts |
807 | 419 | 352 | 288 | 250 |
|
|
Less: Deferred tax assets2 |
219 | 87 | 1,220 | 54 | 41 |
|
After Adjustment |
|
|
Adjusted total assets |
274,457 |
263,746 |
255,200 |
190,518 |
183,898 |
Based on:
10-K (filing date: 2021-02-04),
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).
Adjustments to Current Liabilities
Comcast Corp., adjusted current liabilities
US$ in millions
|
|
Dec 31, 2020 |
Dec 31, 2019 |
Dec 31, 2018 |
Dec 31, 2017 |
Dec 31, 2016 |
|
As Reported |
|
|
Current liabilities |
28,796 | 30,292 | 27,603 | 21,561 | 21,535 |
|
Adjustments |
|
|
Less: Current deferred revenue |
2,963 | 2,768 | 2,182 | 1,552 | 1,132 |
|
After Adjustment |
|
|
Adjusted current liabilities |
25,833 |
27,524 |
25,421 |
20,009 |
20,403 |
Based on:
10-K (filing date: 2021-02-04),
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).
Adjustments to Total Liabilities
Comcast Corp., adjusted total liabilities
US$ in millions
|
|
Dec 31, 2020 |
Dec 31, 2019 |
Dec 31, 2018 |
Dec 31, 2017 |
Dec 31, 2016 |
|
As Reported |
|
|
Total liabilities |
180,851 | 178,168 | 177,866 | 116,143 | 122,880 |
|
Adjustments |
|
|
Add: Operating lease liability (before adoption of FASB Topic 842)1 |
— | — | 4,384 | 3,335 | 3,189 |
|
|
Less: Deferred tax liabilities2 |
28,051 | 28,180 | 27,589 | 24,256 | 34,854 |
|
|
Less: Deferred revenue |
3,713 | 3,386 | 2,832 | 1,552 | 1,132 |
|
After Adjustment |
|
|
Adjusted total liabilities |
149,087 |
146,602 |
151,829 |
93,670 |
90,083 |
Based on:
10-K (filing date: 2021-02-04),
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).
Adjustments to Stockholders’ Equity
Comcast Corp., adjusted total Comcast Corporation shareholders’ equity
US$ in millions
|
|
Dec 31, 2020 |
Dec 31, 2019 |
Dec 31, 2018 |
Dec 31, 2017 |
Dec 31, 2016 |
|
As Reported |
|
|
Total Comcast Corporation shareholders’ equity |
90,323 | 82,726 | 71,613 | 68,606 | 53,943 |
|
Adjustments |
|
|
Less: Net deferred tax asset (liability)1 |
(27,832) | (28,093) | (26,369) | (24,202) | (34,813) |
|
|
Add: Allowance for doubtful accounts |
807 | 419 | 352 | 288 | 250 |
|
|
Add: Deferred revenue |
3,713 | 3,386 | 2,832 | 1,552 | 1,132 |
|
|
Add: Redeemable noncontrolling interests and redeemable subsidiary preferred stock |
1,280 | 1,372 | 1,316 | 1,357 | 1,446 |
|
|
Add: Noncontrolling interests |
1,415 | 1,148 | 889 | 843 | 2,231 |
|
After Adjustment |
|
|
Adjusted total equity |
125,370 |
117,144 |
103,371 |
96,848 |
93,815 |
Based on:
10-K (filing date: 2021-02-04),
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).
Adjustments to Capitalization Table
Comcast Corp., adjusted capitalization table
US$ in millions
|
|
Dec 31, 2020 |
Dec 31, 2019 |
Dec 31, 2018 |
Dec 31, 2017 |
Dec 31, 2016 |
|
As Reported |
|
|
Current portion of long-term debt |
3,146 | 4,452 | 4,398 | 5,134 | 5,480 |
|
|
Long-term debt, less current portion |
100,614 | 97,765 | 107,345 | 59,422 | 55,566 |
|
|
Total reported debt |
103,760 |
102,217 |
111,743 |
64,556 |
61,046 |
|
|
Total Comcast Corporation shareholders’ equity |
90,323 | 82,726 | 71,613 | 68,606 | 53,943 |
|
|
Total reported capital |
194,083 |
184,943 |
183,356 |
133,162 |
114,989 |
|
Adjustments to Debt |
|
|
Add: Operating lease liability (before adoption of FASB Topic 842)1 |
— | — | 4,384 | 3,335 | 3,189 |
|
|
Add: Current operating lease liability (included in Accrued expenses and other current liabilities)2 |
718 | 715 | — | — | — |
|
|
Add: Noncurrent operating lease liability (included in Other noncurrent liabilities)3 |
3,740 | 3,891 | — | — | — |
|
|
Adjusted total debt |
108,218 |
106,823 |
116,127 |
67,891 |
64,235 |
|
Adjustments to Equity |
|
|
Less: Net deferred tax asset (liability)4 |
(27,832) | (28,093) | (26,369) | (24,202) | (34,813) |
|
|
Add: Allowance for doubtful accounts |
807 | 419 | 352 | 288 | 250 |
|
|
Add: Deferred revenue |
3,713 | 3,386 | 2,832 | 1,552 | 1,132 |
|
|
Add: Redeemable noncontrolling interests and redeemable subsidiary preferred stock |
1,280 | 1,372 | 1,316 | 1,357 | 1,446 |
|
|
Add: Noncontrolling interests |
1,415 | 1,148 | 889 | 843 | 2,231 |
|
|
Adjusted total equity |
125,370 |
117,144 |
103,371 |
96,848 |
93,815 |
|
After Adjustment |
|
|
Adjusted total capital |
233,588 |
223,967 |
219,498 |
164,739 |
158,050 |
Based on:
10-K (filing date: 2021-02-04),
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).
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, 2020 |
Dec 31, 2019 |
Dec 31, 2018 |
Dec 31, 2017 |
Dec 31, 2016 |
|
As Reported |
|
|
Revenue |
103,564 | 108,942 | 94,507 | 84,526 | 80,403 |
|
Adjustment |
|
|
Add: Increase (decrease) in deferred revenue |
327 | 554 | 648 | 420 | (170) |
|
After Adjustment |
|
|
Adjusted revenue |
103,891 |
109,496 |
95,155 |
84,946 |
80,233 |
Based on:
10-K (filing date: 2021-02-04),
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).
Adjustments to Reported Income
Comcast Corp., adjusted net income attributable to Comcast Corporation
US$ in millions
|
12 months ended: |
Dec 31, 2020 |
Dec 31, 2019 |
Dec 31, 2018 |
Dec 31, 2017 |
Dec 31, 2016 |
|
As Reported |
|
|
Net income attributable to Comcast Corporation |
10,534 | 13,057 | 11,731 | 22,714 | 8,695 |
|
Adjustments |
|
|
Add: Deferred income tax expense (benefit)1 |
(550) | 563 | 290 | (10,655) | 1,444 |
|
|
Add: Increase (decrease) in allowance for doubtful accounts |
388 | 67 | 64 | 38 | 24 |
|
|
Add: Increase (decrease) in deferred revenue |
327 | 554 | 648 | 420 | (170) |
|
|
Add: Other comprehensive income (loss) |
897 | 1,402 | (864) | 168 | 346 |
|
|
Add: Comprehensive income (loss), net of tax, attributable to noncontrolling interest |
227 | 253 | 90 | 267 | 424 |
|
After Adjustment |
|
|
Adjusted net income |
11,823 |
15,896 |
11,959 |
12,952 |
10,763 |
Based on:
10-K (filing date: 2021-02-04),
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).
