Stock Analysis on Net
Stock Analysis on Net
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Comcast Corp. (NASDAQ:CMCSA)

Income Statement

Beginner level

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, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Revenue 108,942  94,507  84,526  80,403  74,510 
Programming and production (34,440) (29,692) (25,384) (24,463) (22,550)
Gross profit 74,502  64,815  59,142  55,940  51,960 
Other operating and administrative (32,807) (28,094) (25,013) (23,409) (21,339)
Advertising, marketing and promotion (7,617) (7,036) (6,317) (6,114) (5,943)
Depreciation (8,663) (8,281) (7,914) (7,464) (6,781)
Amortization (4,290) (2,736) (2,353) (2,094) (1,899)
Other operating gains —  341  442  —  — 
Operating income 21,125  19,009  17,987  16,859  15,998 
Interest expense (4,567) (3,542) (3,086) (2,942) (2,702)
Equity in net income (losses) of investees, net (505) (364) 107  (104) (325)
Realized and unrealized gains (losses) on equity securities, net 656  (187) (17) 12  (47)
Other income (loss), net 287  326  331  528  448 
Investment and other income (loss), net 438  (225) 421  436  76 
Income before income taxes 16,996  15,242  15,322  14,353  13,372 
Income tax (expense) benefit (3,673) (3,380) 7,578  (5,308) (4,959)
Net income 13,323  11,862  22,900  9,045  8,413 
Net income attributable to noncontrolling interests and redeemable subsidiary preferred stock (266) (131) (186) (350) (250)
Net income attributable to Comcast Corporation 13,057  11,731  22,714  8,695  8,163 

Based on: 10-K (filing date: 2020-01-30), 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).

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 2017 to 2018 and from 2018 to 2019.
Operating income The net result for the period of deducting operating expenses from operating revenues. Comcast Corp.’s operating income increased from 2017 to 2018 and from 2018 to 2019.
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 decreased from 2017 to 2018 but then increased from 2018 to 2019 exceeding 2017 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.’s net income attributable to Comcast Corporation decreased from 2017 to 2018 but then slightly increased from 2018 to 2019.