Stock Analysis on Net

Comcast Corp. (NASDAQ:CMCSA)

$24.99

Balance Sheet: Assets
Quarterly Data

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.

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Comcast Corp., consolidated balance sheet: assets (quarterly data)

US$ in millions

Microsoft Excel
Mar 31, 2026 Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021
Cash and cash equivalents
Receivables, net
Other current assets
Current assets
Film and television costs
Investments
Property and equipment, net of accumulated depreciation
Goodwill
Franchise rights
Other intangible assets, net of accumulated amortization
Intangible assets, net
Other noncurrent assets, net
Noncurrent assets
Total assets

Based on: 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).


The asset structure exhibits a general trend of contraction followed by a period of relative stabilization, with total assets decreasing from 278,511 million USD in March 2021 to 260,002 million USD by March 2026. This overall decline is primarily driven by the amortization of intangible assets and adjustments to goodwill, which have offset consistent growth in long-term physical infrastructure investments.

Liquidity and Current Assets
Current assets demonstrated significant volatility, reaching a trough of 21,826 million USD in December 2022 before recovering to 28,822 million USD by March 2026. This fluctuation is largely attributable to cash and cash equivalents, which declined sharply from 14,950 million USD in March 2021 to a low of 4,749 million USD in December 2022. A subsequent recovery phase is evident from 2023 onwards, with cash levels stabilizing between 8,000 and 9,700 million USD. Net receivables showed a steady upward trajectory over the period, increasing from 10,986 million USD to 14,078 million USD, suggesting an increase in credit extended to customers or a slower collection cycle.
Capital Expenditure and Fixed Assets
Property and equipment, net of accumulated depreciation, represents a consistent area of growth. This line item rose steadily from 52,317 million USD in March 2021 to 65,472 million USD in March 2026. The persistent increase indicates a sustained commitment to capital expenditures and the expansion of physical infrastructure throughout the analyzed timeframe.
Intangible Assets and Goodwill
A marked downward trend is observed in the net value of intangible assets, which fell from 94,226 million USD in March 2021 to 79,783 million USD by March 2026. While franchise rights remained static at 59,365 million USD, "other intangible assets" experienced a consistent decline from 34,861 million USD to 20,418 million USD, reflecting ongoing amortization. Goodwill exhibited more volatility, characterized by a sharp decrease in September 2022 to 56,414 million USD, a subsequent partial recovery, and a final decline to 53,374 million USD in March 2026, potentially indicating periodic impairment charges.
Noncurrent Asset Composition
Noncurrent assets constitute the vast majority of the balance sheet. Although total noncurrent assets declined from 249,073 million USD to 231,180 million USD over the period, the internal composition shifted. The balance shifted away from intangible assets and goodwill toward property and equipment, signaling a transition toward a more tangible asset base.

Assets: Selected Items


Current Assets: Selected Items