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 (quarterly data)
US$ in millions
3 months ended:
Dec 31, 2020
Sep 30, 2020
Jun 30, 2020
Mar 31, 2020
Dec 31, 2019
Sep 30, 2019
Jun 30, 2019
Mar 31, 2019
Dec 31, 2018
Sep 30, 2018
Jun 30, 2018
Mar 31, 2018
Dec 31, 2017
Sep 30, 2017
Jun 30, 2017
Mar 31, 2017
Dec 31, 2016
Sep 30, 2016
Jun 30, 2016
Mar 31, 2016
Revenue
27,708
25,532
23,715
26,609
28,398
26,827
26,858
26,859
27,846
22,135
21,735
22,791
21,915
20,983
21,165
20,463
21,025
21,319
19,269
18,790
Programming and production
(9,438)
(8,565)
(6,817)
(8,301)
(9,300)
(8,316)
(8,255)
(8,569)
(9,252)
(6,711)
(6,300)
(7,429)
(6,892)
(6,077)
(6,341)
(6,074)
(6,537)
(7,003)
(5,492)
(5,431)
Gross profit
18,270
16,967
16,898
18,308
19,098
18,511
18,603
18,290
18,594
15,424
15,435
15,362
15,023
14,906
14,824
14,389
14,488
14,316
13,777
13,359
Other operating and administrative
(9,150)
(8,059)
(7,646)
(8,254)
(8,731)
(8,090)
(8,086)
(7,900)
(8,771)
(6,444)
(6,365)
(6,514)
(6,703)
(6,423)
(6,060)
(5,827)
(6,129)
(5,994)
(5,761)
(5,525)
Advertising, marketing and promotion
(1,950)
(1,512)
(1,341)
(1,938)
(1,943)
(1,901)
(1,885)
(1,888)
(2,112)
(1,667)
(1,653)
(1,604)
(1,569)
(1,553)
(1,665)
(1,530)
(1,599)
(1,487)
(1,561)
(1,467)
Depreciation
(1,992)
(2,122)
(2,099)
(2,107)
(2,102)
(2,124)
(2,197)
(2,240)
(2,211)
(2,038)
(2,021)
(2,011)
(2,038)
(1,991)
(1,970)
(1,915)
(1,946)
(1,865)
(1,868)
(1,785)
Amortization
(1,260)
(1,198)
(1,165)
(1,157)
(1,075)
(1,056)
(1,079)
(1,080)
(986)
(580)
(582)
(588)
(606)
(589)
(571)
(587)
(550)
(530)
(521)
(493)
Other operating gains
—
—
—
—
—
—
—
—
—
141
200
—
—
442
—
—
—
—
—
—
Operating income
3,918
4,076
4,647
4,852
5,247
5,340
5,356
5,182
4,514
4,836
5,014
4,645
4,107
4,792
4,558
4,530
4,264
4,440
4,066
4,089
Interest expense
(1,044)
(1,220)
(1,112)
(1,212)
(1,113)
(1,167)
(1,137)
(1,150)
(1,129)
(830)
(806)
(777)
(807)
(766)
(758)
(755)
(756)
(751)
(732)
(703)
Investment and other income (loss), net
1,542
(86)
420
(716)
(73)
(110)
(55)
676
(317)
(111)
77
126
122
70
99
130
228
35
24
149
Income before income taxes
4,416
2,770
3,955
2,924
4,061
4,063
4,164
4,708
3,068
3,895
4,285
3,994
3,422
4,096
3,899
3,905
3,736
3,724
3,358
3,535
Income tax (expense) benefit
(979)
(739)
(946)
(700)
(861)
(775)
(961)
(1,076)
(486)
(999)
(1,077)
(818)
11,613
(1,413)
(1,364)
(1,258)
(1,319)
(1,400)
(1,278)
(1,311)
Net income
3,437
2,031
3,009
2,224
3,200
3,288
3,203
3,632
2,582
2,896
3,208
3,176
15,035
2,683
2,535
2,647
2,417
2,324
2,080
2,224
Net (income) loss attributable to noncontrolling interests and redeemable subsidiary preferred stock
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 Q2 2020 to Q3 2020 and from Q3 2020 to Q4 2020.
Operating income
The net result for the period of deducting operating expenses from operating revenues.
Comcast Corp.’s operating income decreased from Q2 2020 to Q3 2020 and from Q3 2020 to Q4 2020.
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 Q2 2020 to Q3 2020 but then increased from Q3 2020 to Q4 2020 exceeding Q2 2020 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 Q2 2020 to Q3 2020 but then increased from Q3 2020 to Q4 2020 exceeding Q2 2020 level.