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Comcast - Fundamentalanalyse - Jahresbericht / Bilanz / Geschäftsbericht

Comcast (ISIN: US20030N1019, WKN: 157484) Kursdatum: 21.07.2017 Kurs: 39,630 USD
Beschreibung Daten
Symbol CMCSA
Marktkapitalisierung 193.235.877.888,00 USD
Land Vereinigte Staaten von Amerika
Indizes NASDAQ 100NASDAQ Comp.S&P 500
Sektor Telekommunikation
Rohdaten nach US GAAP in Millionen USD
Aktiensplits 2017-02-21 - 2:1 | 2007-02-22 - 3:2 | 1999-05-06 - 2:1 |
Internet
Letztes Bilanz Update 03.02.2017

Fundamentaldaten

Fundamental Verhältnisse errechnet am: 21.07.2017
KFCV KCV DIV Rendite GKR EKQ KGV KUV KBV
22,95 10,04 1,39% 4,81 29,89 22,26 2,40 3,58

Firmenbeschreibung

Note 18: Quarterly Financial Information (Unaudited)(in millions, except per share data)FirstQuarterSecondQuarterThirdQuarterFourthQuarterTotalYear2016     Revenue$18,790$19,269$21,319$21,025$80,403Operating income$4,089$4,066$4,440$4,264$16,859Net income attributable to Comcast Corporation(a)$2,134$2,028$2,237$2,296$8,695Basic earnings per common share attributable to Comcast Corporation shareholders$0.88$0.84$0.93$0.96$3.61Diluted earnings per common share attributable to Comcast Corporation shareholders$0.87$0.83$0.92$0.95$3.57Dividends declared per common share$0.275$0.275$0.275$0.275$1.102015     Revenue$17,853$18,743$18,669$19,245$74,510Operating income$3,890$4,105$4,001$4,002$15,998Net income attributable to Comcast Corporation$2,059$2,137$1,996$1,971$8,163Basic earnings per common share attributable to Comcast Corporation shareholders$0.82$0.85$0.81$0.80$3.28Diluted earnings per common share attributable to Comcast Corporation shareholders$0.81$0.84$0.80$0.79$3.24Dividends declared per common share$0.25$0.25$0.25$0.25$1.00(a)In the fourth quarter of 2016, net income attributable to Comcast Corporation included $225 million, $143 million net of tax, recognized in connection with the settlement of amounts owed to us under an agency agreement that had provided for, among other things, Verizon Wireless’ sale of our cable services.

Firmenstrategie

The accompanying consolidated financial statements include all entities in which we have a controlling voting interest and variable interest entities (“VIEs”) required to be consolidated in accordance with generally accepted accounting principles in the United States (“GAAP”).

RevenueRecognitionPolicyTextBlock

Revenue Recognition

Cable Communications Segment

Our Cable Communications segment generates revenue primarily from subscriptions to our video, high-speed Internet and voice services (“cable services”) and from the sale of advertising. We recognize revenue from cable services as each service is provided. Customers are typically billed in advance on a monthly basis based on the services and features they receive and the type of equipment they use. Since installation revenue obtained from the connection of customers to our cable systems is less than the related direct selling costs, we recognize revenue as connections are completed. We manage credit risk by screening applicants through the use of internal customer information, identification verification tools and credit bureau data. If a customer’s account is delinquent, various measures are used to collect outstanding amounts, including termination of the customer’s cable services.

As part of our distribution agreements with cable networks, we generally receive an allocation of scheduled advertising time on cable networks that we sell through our advertising business, Spotlight, to local, regional and national advertisers. We recognize advertising revenue when the advertising is aired or viewed. In most cases, the available advertising units are sold by our sales force. In some cases, we work with representation firms as an extension of our sales force to sell a portion of the advertising units allocated to us. We also represent the advertising sales efforts of other multichannel video providers in some markets. Since we are acting as the principal in these arrangements, we record the advertising that is sold in revenue and the fees paid to representation firms and multichannel video providers in other operating and administrative expenses.

Revenue earned from other sources, such as our home security and automation services, is recognized when services are provided or events occur. Under the terms of our cable franchise agreements, we are generally required to pay to the cable franchising authority an amount based on our gross video revenue. We pass these fees through to our cable services customers and classify the fees as a component of revenue with the corresponding costs included in other operating and administrative expenses.

Cable Networks and Broadcast Television Segments

Our Cable Networks segment generates revenue primarily from the distribution of our cable network programming to multichannel video providers, from the sale of advertising on our cable networks and related digital media properties, from the licensing of our owned programming to cable and broadcast networks and subscription video on demand services, from the sale of our owned programming on standard-definition digital video discs and Blu-ray discs (together, “DVDs”) and through digital distribution services such as iTunes, and from the sale of programming by our cable television studio production operations to third-party networks and subscription video on demand services. Our Broadcast Television segment generates revenue primarily from the sale of advertising on our broadcast networks, owned local broadcast television stations and related digital media properties, from the licensing of our owned programming by our broadcast television studio production operations to various distribution platforms, including to cable and broadcast networks as well as to subscription video on demand services, from the fees received under retransmission consent agreements and associated fees received from NBC-affiliated local broadcast television stations, and from the sale of our owned programming on DVDs and through digital distribution services. We recognize revenue from distributors as programming is provided, generally under multiyear distribution agreements. From time to time, the distribution agreements expire while programming continues to be provided to the distributor based on interim arrangements while the parties negotiate new contract terms. Revenue recognition is generally limited to current payments being made by the distributor, typically under the prior contract terms, until a new contract is negotiated, sometimes with effective dates that affect prior periods. Differences between actual amounts determined upon resolution of negotiations and amounts recorded during these interim arrangements are recorded in the period of resolution.

Advertising revenue for our Cable Networks and Broadcast Television segments is recognized in the period in which commercials are aired or viewed. In some instances, we guarantee audience ratings for the commercials. To the extent there is a shortfall in the ratings that were guaranteed, a portion of the revenue is deferred until the shortfall is settled, primarily by providing additional advertising units. We recognize revenue from the licensing of our owned programming and programming produced by our studios for third parties when the content is made available for use by the licensee, and when certain other conditions are met. When license fees include advertising time, we recognize the component of revenue associated with the advertisements when they are aired or viewed.

Filmed Entertainment Segment

Our Filmed Entertainment segment generates revenue primarily from the worldwide distribution of our produced and acquired films for exhibition in movie theaters, from the licensing of our owned and acquired films through various distribution platforms, and from the sale of our owned and acquired films on DVDs and through digital distribution services. Our Filmed Entertainment segment also generates revenue from producing and licensing live stage plays, from the distribution of filmed entertainment produced by third parties, and from Fandango, our movie ticketing and entertainment business. We recognize revenue from the distribution of films to movie theaters when the films are exhibited. We recognize revenue from the licensing of a film when the film is available for use by the licensee, and when certain other conditions are met. We recognize revenue from the sale of DVDs, net of estimated returns and customer incentives, on the date that the DVDs are delivered to and made available for sale by retailers.

Theme Parks Segment

Our Theme Parks segment generates revenue primarily from ticket sales and guest spending at our Universal theme parks. We recognize revenue from advance theme park ticket sales when the tickets are used. For annual passes, we recognize revenue on a straight-line basis over the period following the activation date.

SegmentReportingDisclosureTextBlock

Note 16: Financial Data by Business Segment

We present our operations in four reportable business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks. Our financial data by reportable business segment is presented in the tables below. We do not present a measure of total assets for our reportable business segments as this information is not used by management to allocate resources and capital.

(in millions)
Revenue(d)

Operating
Income (Loss)
Before
Depreciation
and
Amortization
(e)

Depreciation
and
Amortization

Operating
Income
(Loss)

Capital
Expenditures

Cash Paid for Intangible Assets

2016
 
 
 
 
 
 
Cable Networks(a)
$
10,464

$
3,709

$
745

$
2,964

$
32

$
20

Broadcast Television(a)
10,147

1,320

125

1,195

153

19

Filmed Entertainment
6,360

697

47

650

33

16

Theme Parks
4,946

2,190

512

1,678

922

72

Headquarters and Other(b)
20

(699
)
376

(1,075
)
312

156

Eliminations(c)
(344
)
10


10



Total
$
31,593

$
7,227

$
1,805

$
5,422

$
1,452

$
283

(in millions)
Revenue(d)

Operating
Income (Loss)
Before
Depreciation
and
Amortization
(e)

Depreciation
and
Amortization

Operating
Income
(Loss)

Capital
Expenditures

Cash Paid for Intangible Assets

2015
 
 
 
 
 
 
Cable Networks
$
9,628

$
3,499

$
784

$
2,715

$
44

$
22

Broadcast Television(a)
8,530

780

111

669

117

17

Filmed Entertainment
7,287

1,234

26

1,208

14

20

Theme Parks
3,339

1,464

292

1,172

833

54

Headquarters and Other(b)
14

(625
)
326

(951
)
378

98

Eliminations(c)
(336
)
6


6



Total
$
28,462

$
6,358

$
1,539

$
4,819

$
1,386

$
211

EarningsPerSharePolicyTextBlock

Diluted earnings per common share attributable to Comcast Corporation shareholders (“diluted EPS”) considers the impact of potentially dilutive securities using the treasury stock method. Our potentially dilutive securities include potential common shares related to our stock options and our restricted share units (“RSUs”). Diluted EPS excludes the impact of potential common shares related to our stock options in periods in which the combination of the option exercise price and the associated unrecognized compensation expense is greater than the average market price of our common stock.