Stock Analysis on Net

Comcast Corp. (NASDAQ:CMCSA)

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.

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

US$ in millions

Microsoft Excel
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 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Cash and cash equivalents 6,215 6,435 7,146 5,535 4,749 5,695 6,822 8,880 8,711 11,806 12,378 14,950 11,740 13,707 13,935 8,516 5,500 3,507 3,919 3,498
Receivables, net 13,813 12,835 12,980 12,287 12,672 11,918 11,956 12,300 12,008 11,974 11,110 10,986 11,466 10,310 10,227 10,800 11,292 10,684 10,835 10,736
Programming rights 3,877 3,457 1,947 2,942
Other current assets 3,959 4,871 4,796 4,555 4,405 5,803 5,414 4,201 4,088 3,647 3,558 3,502 3,535 3,352 3,323 4,768 4,723 4,675 4,660 3,097
Current assets 23,987 24,141 24,922 22,377 21,826 23,416 24,192 25,381 24,807 27,427 27,046 29,438 26,741 27,369 27,485 24,084 25,392 22,323 21,361 20,273
Film and television costs 12,920 13,067 12,641 12,612 12,560 12,685 11,622 12,360 12,806 12,645 12,372 12,983 13,340 12,741 12,213 12,385 8,933 8,647 8,553 8,051
Investments 9,385 8,360 8,241 8,298 7,740 7,857 8,240 8,933 8,687 9,726 9,467 8,376 8,267 7,131 7,378 7,080 7,683 8,289 8,438 9,159
Property and equipment, net of accumulated depreciation 59,686 58,165 56,851 56,279 55,485 53,555 53,508 53,820 54,047 52,809 52,769 52,317 51,995 50,466 48,985 48,442 48,322 46,790 46,047 45,721
Goodwill 59,268 58,069 59,042 58,960 58,494 56,414 66,486 69,052 70,189 69,626 70,429 70,106 70,669 68,898 67,354 67,218 68,725 66,913 67,945 68,073
Franchise rights 59,365 59,365 59,365 59,365 59,365 59,365 59,365 59,365 59,365 59,365 59,365 59,365 59,365 59,365 59,365 59,365 59,365 59,365 59,365 59,365
Other intangible assets, net of accumulated amortization 27,867 27,870 28,761 29,004 29,308 28,604 30,728 32,468 33,580 33,393 34,321 34,861 35,389 34,485 34,186 34,672 36,128 35,164 36,076 36,902
Intangible assets, net 87,232 87,235 88,126 88,369 88,673 87,969 90,093 91,833 92,945 92,758 93,686 94,226 94,754 93,850 93,551 94,037 95,493 94,529 95,441 96,267
Other noncurrent assets, net 12,333 12,035 12,324 12,534 12,497 12,412 12,891 12,695 12,424 12,070 11,235 11,065 8,103 8,485 9,012 9,175 8,866 8,883 8,770 8,645
Noncurrent assets 240,824 236,931 237,225 237,052 235,449 230,892 242,840 248,693 251,098 249,634 249,958 249,073 247,128 241,571 238,493 238,337 238,022 234,051 235,194 235,916
Total assets 264,811 261,072 262,147 259,429 257,275 254,308 267,032 274,074 275,905 277,061 277,004 278,511 273,869 268,940 265,978 262,421 263,414 256,374 256,555 256,189

Based on: 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), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).


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. current assets decreased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.
Property and equipment, net of accumulated depreciation 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. property and equipment, net of accumulated depreciation increased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.
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. noncurrent assets decreased from Q2 2023 to Q3 2023 but then increased from Q3 2023 to Q4 2023 exceeding Q2 2023 level.
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. total assets decreased from Q2 2023 to Q3 2023 but then increased from Q3 2023 to Q4 2023 exceeding Q2 2023 level.

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. cash and cash equivalents decreased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.
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. receivables, net decreased from Q2 2023 to Q3 2023 but then increased from Q3 2023 to Q4 2023 exceeding Q2 2023 level.