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
12 months ended: Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Revenue 121,572 121,427 116,385 103,564 108,942
Programming and production (36,762) (38,213) (38,450) (33,121) (34,440)
Gross profit 84,810 83,214 77,935 70,443 74,502
Marketing and promotion (7,971) (8,506) (7,695) (6,741) (7,617)
Other operating and administrative (39,189) (38,263) (35,619) (33,109) (32,807)
Depreciation (8,854) (8,724) (8,628) (8,320) (8,663)
Amortization (5,482) (5,097) (5,176) (4,780) (4,290)
Goodwill and long-lived asset impairments (8,583)
Operating income 23,314 14,041 20,817 17,493 21,125
Interest expense (4,087) (3,896) (4,281) (4,588) (4,567)
Equity in net income (losses) of investees, net 789 (537) 2,007 (113) (505)
Realized and unrealized gains (losses) on equity securities, net (130) (320) 339 1,014 656
Other income (loss), net 592 (4) 211 259 287
Investment and other income (loss), net 1,251 (861) 2,557 1,160 438
Income before income taxes 20,478 9,284 19,093 14,065 16,996
Income tax expense (5,371) (4,359) (5,260) (3,364) (3,673)
Net income 15,107 4,925 13,833 10,701 13,323
Net (income) loss attributable to noncontrolling interests 281 445 326 (167) (266)
Net income attributable to Comcast Corporation 15,388 5,370 14,159 10,534 13,057

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

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 increased from 2021 to 2022 and from 2022 to 2023.
Operating income The net result for the period of deducting operating expenses from operating revenues. Comcast Corp. operating income decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 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 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 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 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.