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Comcast Corp. (CMCSA)


Balance Sheet: Assets

Low level of difficulty

The balance sheet provides creditors, investors, and analysts with information on company’s resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company’s assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Comcast Corp., consolidated balance sheet: assets

US$ in millions

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Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Cash and cash equivalents 3,814  3,428  3,301  2,295  3,910 
Receivables, net 11,104  8,546  7,955  6,896  6,321 
Programming rights 3,746  1,613  1,250  1,213  839 
Other current assets 3,184  2,473  3,855  1,899  2,461 
Current assets 21,848  16,060  16,361  12,303  13,531 
Film and television costs 7,837  7,076  7,252  5,855  5,727 
Equity method 4,035  3,546  2,376  678  1,019 
Marketable equity securities 341  433  198  167  662 
Nonmarketable equity securities 1,805  1,186  —  —  — 
Other investments 1,796  1,785  2,770  2,485  2,056 
Investments 7,977  6,950  5,344  3,330  3,737 
Less: Current investments (94) (19) (97) (106) (602)
Noncurrent investments 7,883  6,931  5,247  3,224  3,135 
Property and equipment, net 44,437  38,470  36,253  33,665  30,953 
Franchise rights 59,365  59,364  59,364  59,364  59,364 
Goodwill 66,154  36,780  35,980  32,945  27,316 
Other intangible assets, net 38,358  18,779  17,274  16,946  16,980 
Other noncurrent assets, net 5,802  3,489  2,769  2,272  2,333 
Noncurrent assets 229,836  170,889  164,139  154,271  145,808 
Total assets 251,684  186,949  180,500  166,574  159,339 

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).


Assets: Selected Items

Balance sheet item Description The company
Current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Comcast Corp.’s current assets declined from 2016 to 2017 but then increased from 2017 to 2018 exceeding 2016 level.
Property and equipment, net Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Comcast Corp.’s property and equipment, net increased from 2016 to 2017 and from 2017 to 2018.
Noncurrent assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. Comcast Corp.’s noncurrent assets increased from 2016 to 2017 and from 2017 to 2018.
Total assets Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Comcast Corp.’s total assets increased from 2016 to 2017 and from 2017 to 2018.

Current Assets: Selected Items

Balance sheet item Description The company
Cash and cash equivalents Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Comcast Corp.’s cash and cash equivalents increased from 2016 to 2017 and from 2017 to 2018.
Receivables, net Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Comcast Corp.’s receivables, net increased from 2016 to 2017 and from 2017 to 2018.