Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data
The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.
Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.
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- Statement of Comprehensive Income
- Common-Size Income Statement
- Analysis of Liquidity Ratios
- Enterprise Value (EV)
- Enterprise Value to EBITDA (EV/EBITDA)
- Capital Asset Pricing Model (CAPM)
- Return on Assets (ROA) since 2005
- Current Ratio since 2005
- Debt to Equity since 2005
- Price to Sales (P/S) since 2005
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Comcast Corp., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)
US$ in millions
Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).
The financial data reveals several notable trends in the company's balance sheet items over multiple quarters.
- Accounts payable and accrued expenses related to trade creditors
- These liabilities generally increased from March 2020 through December 2021, peaking around 12,455 million USD, then fluctuated with a slight downward trend toward March 2025, ending near 11,545 million USD. This suggests moderate variability in short-term trade-related obligations.
- Deferred revenue
- Deferred revenue experienced some volatility, initially rising from 2,634 million USD in March 2020 to a high around 3,566 million USD in June 2021. After that, it oscillated between approximately 2,380 and 3,943 million USD, showing no clear long-term increase or decrease but reflecting fluctuating contract liabilities or prepayments.
- Accrued expenses and other current liabilities
- This category showed a declining trend from roughly 12,030 million USD in March 2020 to a trough near 9,475 million USD by June 2024, followed by a modest recovery. The drop suggests careful management or payoff of short-term obligations, with occasional rebounds possibly related to operational costs.
- Current portion of debt
- Showing substantial volatility, current debt rose sharply at points—for instance, March 2021 experienced a peak of 4,777 million USD, followed by a decline and spikes again through to March 2025 at 6,848 million USD. This implies active refinancing or changes in short-term debt maturities.
- Advance on sale of investment
- Reported only from March 2024 onward at a steady 9,167 million USD across quarters, indicating a new financing or investment-related liability that has remained stable through the most recent periods.
- Collateralized obligation
- This liability appears in both current and noncurrent classifications. Current collateralized obligation was noted around 5,173 million USD for limited quarters (late 2022 to early 2023), then disappearing. Noncurrent collateralized obligations hovered steadily near 5,170 million USD across early periods, showing stability.
- Current liabilities
- Current liabilities peaked around December 2023 at 40,198 million USD, reflecting an increase in short-term obligations. Prior to that, fluctuations occurred but overall there was a rising trend in late periods, suggesting growing short-term funding needs or operational expenses.
- Noncurrent portion of debt
- Noncurrent debt remained relatively stable but showed a gradual decline from approximately 100,604 million USD in early 2020 to around 92,274 million USD by March 2025. This indicates some long-term debt repayment or refinancing reducing the company's long-term leverage.
- Deferred income taxes
- Deferred income taxes stayed mostly consistent, around the range of 25,000 to 29,800 million USD, with slight declines noted toward the end of the period. This suggests stable tax-related timing differences impacting liabilities.
- Other noncurrent liabilities
- These liabilities fluctuated slightly but remained near the 20,000 million USD range throughout, without any marked trend upward or downward.
- Noncurrent liabilities
- Noncurrent liabilities showed a mild decrease from approximately 150,779 million USD in March 2020 to 138,145 million USD by March 2025, aligned with observed reductions in noncurrent debt. This further points to ongoing long-term liability management.
- Total liabilities
- Total liabilities peaked near 183,865 million USD in March 2021, then generally declined with some fluctuations, ending at approximately 180,470 million USD in March 2025. This indicates a relatively stable total burden with minor reductions over the five-year timeframe.
- Redeemable noncontrolling interests
- These gradually decreased from 1,259 million USD in March 2020 to 244 million USD by March 2025, showing diminishing claims from minority interest holders that are redeemable.
- Shareholders’ equity
- Total common stock values slightly decreased over time, reflecting potential share repurchases or retirements. Additional paid-in capital trended downward gradually from approximately 38,597 million USD to 37,832 million USD, suggesting modest capital changes.
- Retained earnings
- After an initial rise to around 61,902 million USD in late 2021, retained earnings sharply decreased to approximately 51,609 million USD by late 2022, followed by a recovery trend toward 57,474 million USD by March 2025. The temporary drop may reflect dividend payments, share buybacks, or net losses during that period.
- Treasury stock
- Consistently recorded at -7,517 million USD, indicating ongoing treasury stock holdings without change, suggesting stable share repurchase balances.
- Accumulated other comprehensive income (loss)
- This metric exhibited significant volatility, swinging from negative values near -1,279 million USD in early 2020 to positive territory up to 1,992 million USD in mid-2021, then back to negative values near -2,043 million USD toward late 2024. Such variability typically reflects fluctuations in foreign currency translation, pension liabilities, or marketable securities.
- Total shareholders’ equity
- Total equity increased from 81,506 million USD in March 2020 to a peak of 96,092 million USD in December 2021 before declining sharply to near 80,296 million USD in late 2022. Afterward, it recovered to approximately 86,638 million USD by March 2025, indicating some periods of equity erosion followed by recovery.
- Noncontrolling interests
- Noncontrolling interests decreased gradually from 1,277 million USD to 418 million USD by March 2025, pointing to declining minority ownership stakes.
- Total liabilities and equity
- The sum of liabilities and equity remained relatively steady, fluctuating in the range between 262,000 million USD and 273,869 million USD across the period. There was a slight increasing trend earlier on, followed by stabilization and modest declines, indicating overall asset base consistency.
In summary, the company demonstrated moderate management of liabilities with some reductions in long-term debt and fluctuations in current liabilities. Equity components showed cyclical patterns, particularly in retained earnings and accumulated other comprehensive income, which may reflect operational impacts and market conditions. The balance sheet's total size remains stable, with evidence of both liability reductions and equity variability across the analyzed periods.