Balance Sheet: Assets
The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company 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
Based on: 10-K (reporting date: 2025-12-31), 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).
Total assets experienced fluctuations over the five-year period, beginning at US$275.905 billion in 2021, decreasing to US$257.275 billion in 2022, and then generally increasing to US$272.631 billion by 2025. The composition of these assets reveals notable shifts within current and noncurrent categories.
- Current Assets
- Current assets demonstrated an initial decline from US$24.807 billion in 2021 to US$21.826 billion in 2022. However, a consistent upward trend followed, reaching US$29.567 billion in 2025. This increase was primarily driven by growth in ‘Other current assets’ and ‘Cash and cash equivalents’. Cash and cash equivalents exhibited a significant decrease in 2022, followed by a steady increase throughout the remaining period, more than doubling from US$4.749 billion to US$9.481 billion. Receivables, net, remained relatively stable, fluctuating within a narrow range between US$12.008 billion and US$13.869 billion.
- Noncurrent Assets
- Noncurrent assets decreased from US$251.098 billion in 2021 to US$235.449 billion in 2022, before showing a modest recovery to US$243.064 billion in 2025. The largest component of noncurrent assets, goodwill, experienced a substantial decrease from US$70.189 billion in 2021 to US$58.494 billion in 2022, followed by relative stability and a slight increase to US$61.502 billion in 2025. Property and equipment, net, consistently increased throughout the period, rising from US$54.047 billion to US$65.680 billion. A consistent decline is observed in ‘Other intangible assets, net’, decreasing from US$33.580 billion to US$22.474 billion over the five years.
- Specific Asset Categories
- Film and television costs remained relatively stable, fluctuating around US$12.5 billion. Investments experienced a decrease from US$8.687 billion in 2021 to US$7.740 billion in 2022, followed by an increase to US$9.385 billion in 2023, and then a decline to US$7.952 billion in 2025. Franchise rights remained constant at US$59.365 billion throughout the entire period. Other noncurrent assets, net, showed a gradual increase from US$12.424 billion to US$13.877 billion.
In summary, the asset base experienced a period of contraction in 2022, followed by a recovery and moderate growth. The shifts in asset composition suggest a strategic reallocation of resources, with increased emphasis on cash and property and equipment, and a reduction in goodwill and certain intangible assets.