Comcast Corp. (CMCSA)

Income Statement

Difficulty: Beginner

The income statement presents information on the financial results of a company’s 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

	12 months ended	Dec 31, 2018		Dec 31, 2017		Dec 31, 2016		Dec 31, 2015		Dec 31, 2014
	Revenue
	Programming and production
	Gross profit
	Other operating and administrative
	Advertising, marketing and promotion
	Depreciation
	Amortization
	Other operating gains
	Operating income
	Interest expense
	Equity in net income (losses) of investees, net
	Realized and unrealized gains (losses) on equity securities, net
	Other income (loss), net
	Investment and other income (loss), net
	Income before income taxes
	Income tax (expense) benefit
	Net income
	Net income attributable to noncontrolling interests and redeemable subsidiary preferred stock
	Net income attributable to Comcast Corporation

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).

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.’s revenue increased from 2016 to 2017 and from 2017 to 2018.
Operating income	The net result for the period of deducting operating expenses from operating revenues.	Comcast Corp.’s operating income increased from 2016 to 2017 and from 2017 to 2018.
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.’s income before income taxes increased from 2016 to 2017 but then slightly declined from 2017 to 2018.
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.’s net income attributable to Comcast Corporation increased from 2016 to 2017 but then slightly declined from 2017 to 2018 not reaching 2016 level.

	Comcast Corp.	Other companies (not purchased previously)
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	All companies
Financial Statements
Common-Size Financial Statements
Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
Economic Value Added (EVA)
Long-term Trends
Analysis
Financial Reporting Quality