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Comcast Corp. (CMCSA)


Income Statement

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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

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12 months ended Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Revenue 94,507  84,526  80,403  74,510  68,775 
Programming and production (29,692) (25,384) (24,463) (22,550) (20,912)
Gross profit 64,815  59,142  55,940  51,960  47,863 
Other operating and administrative (28,094) (25,013) (23,409) (21,339) (19,862)
Advertising, marketing and promotion (7,036) (6,317) (6,114) (5,943) (5,078)
Depreciation (8,281) (7,914) (7,464) (6,781) (6,337)
Amortization (2,736) (2,353) (2,094) (1,899) (1,682)
Other operating gains 341  442  —  —  — 
Operating income 19,009  17,987  16,859  15,998  14,904 
Interest expense (3,542) (3,086) (2,942) (2,702) (2,617)
Equity in net income (losses) of investees, net (364) 107  (104) (325) 97 
Realized and unrealized gains (losses) on equity securities, net (187) (17) 12  (47) 142 
Other income (loss), net 326  331  528  448  (61)
Investment and other income (loss), net (225) 421  436  76  178 
Income before income taxes 15,242  15,322  14,353  13,372  12,465 
Income tax (expense) benefit (3,380) 7,578  (5,308) (4,959) (3,873)
Net income 11,862  22,900  9,045  8,413  8,592 
Net income attributable to noncontrolling interests and redeemable subsidiary preferred stock (131) (186) (350) (250) (212)
Net income attributable to Comcast Corporation 11,731  22,714  8,695  8,163  8,380 

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).

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.’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.