Stock Analysis on Net
Stock Analysis on Net

Comcast Corp. (NASDAQ:CMCSA)

Income Statement
Quarterly Data

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 (quarterly data)

US$ in millions

Microsoft Excel LibreOffice Calc
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 (57) (12) (21) (77) (38) (71) (78) (79) (71) (10) (58) (50) (33) (22) (81) (121) (87) (52) (90)
Net income attributable to Comcast Corporation 3,380  2,019  2,988  2,147  3,162  3,217  3,125  3,553  2,511  2,886  3,216  3,118  14,985  2,650  2,513  2,566  2,296  2,237  2,028  2,134 

Based on: 10-K (filing date: 2021-02-04), 10-Q (filing date: 2020-10-29), 10-Q (filing date: 2020-07-30), 10-Q (filing date: 2020-04-30), 10-K (filing date: 2020-01-30), 10-Q (filing date: 2019-10-24), 10-Q (filing date: 2019-07-25), 10-Q (filing date: 2019-04-25), 10-K (filing date: 2019-01-31), 10-Q (filing date: 2018-10-25), 10-Q (filing date: 2018-07-26), 10-Q (filing date: 2018-04-25), 10-K (filing date: 2018-01-31), 10-Q (filing date: 2017-10-26), 10-Q (filing date: 2017-07-27), 10-Q (filing date: 2017-04-27), 10-K (filing date: 2017-02-03), 10-Q (filing date: 2016-10-26), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-27).

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 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.