Stock Analysis on Net

Comcast Corp. (NASDAQ:CMCSA)

Income Statement 

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Comcast Corp., consolidated income statement

US$ in millions

Microsoft Excel LibreOffice Calc
12 months ended: Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Revenue 116,385  103,564  108,942  94,507  84,526 
Programming and production (38,450) (33,121) (34,440) (29,692) (25,384)
Gross profit 77,935  70,443  74,502  64,815  59,142 
Other operating and administrative (35,619) (33,109) (32,807) (28,094) (25,013)
Advertising, marketing and promotion (7,695) (6,741) (7,617) (7,036) (6,317)
Depreciation (8,628) (8,320) (8,663) (8,281) (7,914)
Amortization (5,176) (4,780) (4,290) (2,736) (2,353)
Other operating gains —  —  —  341  442 
Operating income 20,817  17,493  21,125  19,009  17,987 
Interest expense (4,281) (4,588) (4,567) (3,542) (3,086)
Equity in net income (losses) of investees, net 2,007  (113) (505) (364) 107 
Realized and unrealized gains (losses) on equity securities, net 339  1,014  656  (187) (17)
Other income (loss), net 211  259  287  326  331 
Investment and other income (loss), net 2,557  1,160  438  (225) 421 
Income before income taxes 19,093  14,065  16,996  15,242  15,322 
Income tax (expense) benefit (5,260) (3,364) (3,673) (3,380) 7,578 
Net income 13,833  10,701  13,323  11,862  22,900 
Net (income) loss attributable to noncontrolling interests and redeemable subsidiary preferred stock 326  (167) (266) (131) (186)
Net income attributable to Comcast Corporation 14,159  10,534  13,057  11,731  22,714 

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

Income statement item Description The company
Revenue Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Comcast Corp. revenue decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.
Operating income The net result for the period of deducting operating expenses from operating revenues. Comcast Corp. operating income decreased from 2019 to 2020 but then increased from 2020 to 2021 not reaching 2019 level.
Income before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Comcast Corp. income before income taxes decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.
Net income attributable to Comcast Corporation The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Comcast Corp. net income attributable to Comcast Corporation decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.