.Statement of Comprehensive Income
Difficulty: Beginner
Comprehensive income is the change in equity (net assets) of a business enterprise during a period from transactions and other events and circumstances from non-owners sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners.
Comcast Corp., Consolidated Statement of Comprehensive Income
USD $ in millions
| 12 months ended | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| | Net income | ||||||||||
| | Unrealized gains (losses) on marketable securities, net of deferred taxes | ||||||||||
| | Deferred gains (losses) on cash flow hedges, net of deferred taxes | ||||||||||
| | Realized (gains) losses on marketable securities, net of deferred taxes | ||||||||||
| | Realized (gains) losses on cash flow hedges, net of deferred taxes | ||||||||||
| | Amounts reclassified to net income | | | | | | |||||
| | Employee benefit obligations, net of deferred taxes | ||||||||||
| | Currency translation adjustments, net of deferred taxes | ||||||||||
| | Other comprehensive income (loss) | | | | | | |||||
| | Comprehensive income | | | | | | |||||
| | Comprehensive income attributable to noncontrolling interests and redeemable subsidiary preferred stock | ||||||||||
| | Comprehensive income attributable to Comcast Corporation | | | | | |
| Item | Description | The company |
|---|---|---|
| Unrealized gains (losses) on marketable securities, net of deferred taxes | Appreciation or loss in value (before reclassification adjustment) of the total of unsold securities during the period being reported on, net of tax. Reclassification adjustments include: (1) the unrealized holding gain (loss), net of tax, at the date of the transfer for a debt security from the held-to-maturity category transferred into the available-for-sale category. Also includes the unrealized gain (loss) at the date of transfer for a debt security from the available-for-sale category transferred into the held-to-maturity category; (2) the unrealized gains (losses) realized upon the sale of securities, after tax; and (3) the unrealized gains (losses) realized upon the write-down of securities, after tax. | Comcast Corp.'s unrealized gains (losses) on marketable securities, net of deferred taxes declined from 2015 to 2016 and from 2016 to 2017. |
| Deferred gains (losses) on cash flow hedges, net of deferred taxes | Net of tax effect change in accumulated gains and losses from derivative instruments designated and qualifying as the effective portion of cash flow hedges, after taxes, that is attributable to the parent entity. A cash flow hedge is a hedge of the exposure to variability in the cash flows of a recognized asset or liability or a forecasted transaction that is attributable to a particular risk. The change includes an entity's share of an equity investee's increase (decrease) in deferred hedging gains or losses. | Comcast Corp.'s deferred gains (losses) on cash flow hedges, net of deferred taxes increased from 2015 to 2016 and from 2016 to 2017. |
| Realized (gains) losses on marketable securities, net of deferred taxes | Reclassification adjustment for unrealized gains or losses realized upon the sale of securities, after tax. | |
| Employee benefit obligations, net of deferred taxes | Net changes to accumulated comprehensive income during the period related to benefit plans, after tax, attributable to the parent entity. | Comcast Corp.'s employee benefit obligations, net of deferred taxes increased from 2015 to 2016 but then declined significantly from 2016 to 2017. |
| Currency translation adjustments, net of deferred taxes | Adjustment that results from the process of translating subsidiary financial statements and foreign equity investments into functional currency of the reporting entity, net of tax, attributable to the parent entity. | Comcast Corp.'s currency translation adjustments, net of deferred taxes increased from 2015 to 2016 and from 2016 to 2017. |
| Comprehensive income attributable to Comcast Corporation | The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the reporting entity. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, but excludes any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent. | Comcast Corp.'s comprehensive income attributable to Comcast Corporation increased from 2015 to 2016 and from 2016 to 2017. |
