Comcast Corp. (CMCSA) financial statements: income statement, balance sheet and cash flow

Comcast Corp.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Comcast Corp. reported revenue of $123.7B (-0.0% year on year) and net income of $20.0B (+23.5% year on year).

Income statement

Comcast Corp. income statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Revenue	$123.7B	$123.7B	$121.6B	$121.4B
Programming and production	$35.0B	$37.0B	$36.8B	$38.2B
Marketing and promotion	$8.9B	$8.1B	$8.0B	$8.5B
Other operating and administrative	$43.0B	$40.5B	$39.2B	$38.3B
Depreciation	$9.3B	$8.7B	$8.9B	$8.7B
Amortization	$6.9B	$6.1B	$5.5B	$5.1B
Total costs and expenses	$103.0B	$100.4B	$98.3B	$107.4B
Operating income	$20.7B	$23.3B	$23.3B	$14.0B
Interest expense	($4.4B)	($4.1B)	($4.1B)	($3.9B)
Investment and other income (loss), net	$9.5B	($490.0M)	$1.3B	($861.0M)
Income before income taxes	$25.8B	$18.7B	$20.5B	$9.3B
Income tax expense	($6.1B)	($2.8B)	($5.4B)	($4.4B)
Net income	$19.7B	$15.9B	$15.1B	$4.9B
Less: Net income (loss) attributable to noncontrolling interests	($338.0M)	($315.0M)	($282.0M)	($445.0M)
Net income attributable to Comcast Corporation	$20.0B	$16.2B	$15.4B	$5.4B
Basic earnings per common share attributable to Comcast Corporation shareholders (in dollars per share)	$5.41	$4.17	$3.73	$1.22
Diluted earnings per common share attributable to Comcast Corporation shareholders (in dollars per share)	$5.39	$4.14	$3.71	$1.21

Comcast Corp. income statement, quarters

Line item	Sep 30, 2026 · Q3	Jun 30, 2026 · Q2	Mar 31, 2026 · Q1	Sep 30, 2025 · Q3
Revenue	$29.3B	$29.9B	$31.5B	$31.2B
Programming and production	$7.5B	$8.4B	$10.9B	$8.7B
Marketing and promotion	$2.1B	$2.3B	$2.2B	$2.2B
Other operating and administrative	$10.6B	$10.4B	$10.4B	$10.8B
Depreciation	$2.4B	$2.4B	$2.3B	$2.4B
Amortization	$1.3B	$1.3B	$1.5B	$1.7B
Total costs and expenses	$24.0B	$24.8B	$27.3B	$25.7B
Operating income	$5.3B	$5.2B	$4.1B	$5.5B
Interest expense	($962.0M)	($1.1B)	($1.1B)	($1.1B)
Investment and other income (loss), net	$88.0M	$503.0M	($309.0M)	$61.0M
Income before income taxes	$4.4B	$4.6B	$2.7B	$4.5B
Income tax expense	($1.1B)	($1.2B)	($706.0M)	($1.2B)
Net income	$3.4B	$3.4B	$2.0B	$3.2B
Less: Net income (loss) attributable to noncontrolling interests	($87.0M)	($107.0M)	($147.0M)	($83.0M)
Net income attributable to Comcast Corporation	$3.4B	$3.5B	$2.2B	$3.3B
Basic earnings per common share attributable to Comcast Corporation shareholders (in dollars per share)	$0.97	$0.99	$0.60	$0.91
Diluted earnings per common share attributable to Comcast Corporation shareholders (in dollars per share)	$0.97	$0.99	$0.60	$0.90

Balance sheet

Comcast Corp. balance sheet, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Cash and cash equivalents	$9.5B	$7.3B	$6.2B	$4.7B
Receivables, net	$13.9B	$13.7B	$13.8B	$12.7B
Other current assets	$6.2B	$5.8B	$4.0B	$4.4B
Total current assets	$29.6B	$26.8B	$24.0B	$21.8B
Film and television costs	$12.2B	$12.5B	$12.9B	$12.6B
Investments	$8.0B	$8.6B	$9.4B	$7.3B
Property and equipment, net	$65.7B	$62.5B	$59.7B	$55.5B
Goodwill	$61.5B	$58.2B	$59.3B	$58.5B
Franchise rights	$59.4B	$59.4B	$59.4B	$59.4B
Other intangible assets, net	$22.5B	$25.6B	$27.9B	$29.3B
Other noncurrent assets, net	$13.9B	$12.5B	$12.3B	$12.5B
Total assets	$272.6B	$266.2B	$264.8B	$257.3B
Accounts payable and accrued expenses related to trade creditors	$11.1B	$11.3B	$12.4B	$12.5B
Deferred revenue	$4.1B	$3.5B	$3.2B	$2.4B
Accrued expenses and other current liabilities	$12.4B	$10.7B	$11.6B	$9.4B
Current portion of debt	$6.0B	$4.9B	$2.1B	$1.7B
Advance on sale of investment	$0	$9.2B	$9.2B	—
Total current liabilities	$33.5B	$39.6B	$40.2B	$27.9B
Noncurrent portion of debt	$93.0B	$94.2B	$95.0B	$93.1B
Deferred income taxes	$27.8B	$25.2B	$26.0B	$28.7B
Other noncurrent liabilities	$21.0B	$20.9B	$20.1B	$20.4B
Redeemable noncontrolling interests	$224.0M	$237.0M	$241.0M	$411.0M
Preferred stock—authorized, 20,000,000 shares; issued, zero	0	0	0	0
Common stock	$45.0M	$47.0M	$48.0M	$51.0M
Additional paid-in capital	$37.7B	$38.1B	$38.5B	$39.4B
Retained earnings	$66.7B	$57.0B	$52.9B	$51.6B
Treasury stock, common, value	($7.5B)	($7.5B)	($7.5B)	—
Accumulated other comprehensive income (loss)	($8.0M)	($2.0B)	($1.3B)	($2.6B)
Total Comcast Corporation shareholders’ equity	$96.9B	$85.6B	$82.7B	$80.9B
Noncontrolling interests	$249.0M	$477.0M	$523.0M	$684.0M
Total equity	$97.2B	$86.0B	$83.2B	$81.6B
Total liabilities and equity	$272.6B	$266.2B	$264.8B	$257.3B
Common stock, shares outstanding (in shares)	3.6B	—	4.0B	—
Treasury stock (in shares)	919.0M	—	—	—

Comcast Corp. balance sheet, quarters

Line item	Sep 30, 2026	Jun 30, 2026	Mar 31, 2026	Sep 30, 2025
Cash and cash equivalents	$7.6B	$7.7B	$9.5B	$9.3B
Receivables, net	$13.5B	$14.0B	$14.1B	$13.2B
Other current assets	$4.1B	$4.7B	$5.3B	$6.3B
Total current assets	$25.2B	$26.3B	$28.8B	$28.9B
Film and television costs	$11.1B	$10.5B	$11.0B	$13.0B
Investments	$7.9B	$7.8B	$7.5B	$8.3B
Property and equipment, net of accumulated depreciation of $62,721 and $60,754	$67.0B	$66.1B	$65.5B	$64.8B
Goodwill	$53.2B	$53.1B	$53.4B	$61.4B
Franchise rights	$59.4B	$59.4B	$59.4B	$59.4B
Other intangible assets, net of accumulated amortization of $32,732 and $39,362	$19.1B	$19.7B	$20.4B	$23.4B
Other noncurrent assets, net	$15.0B	$14.7B	$14.1B	$13.9B
Total assets	$257.8B	$257.5B	$260.0B	$273.0B
Accounts payable and accrued expenses related to trade creditors	$11.9B	$11.9B	$12.0B	$11.7B
Deferred revenue	$4.0B	$3.8B	$4.0B	$4.2B
Accrued expenses and other current liabilities	$11.3B	$11.3B	$11.9B	$10.9B
Current portion of debt	$3.6B	$6.1B	$5.4B	$5.9B
Total current liabilities	$30.7B	$33.1B	$33.3B	$32.7B
Noncurrent portion of debt	$83.8B	$84.3B	$89.2B	$93.2B
Deferred income taxes	$29.0B	$28.9B	$28.2B	$28.4B
Other noncurrent liabilities	$21.6B	$21.3B	$20.7B	$21.1B
Redeemable noncontrolling interests	$171.0M	$185.0M	$205.0M	$220.0M
Preferred stock—authorized, 20,000,000 shares; issued, zero	0	0	0	0
Common stock	$45.0M	$45.0M	$45.0M	$45.0M
Additional paid-in capital	$38.0B	$37.7B	$37.5B	$37.8B
Retained earnings	$62.5B	$60.3B	$58.6B	$66.9B
Treasury stock, 919,026,355 Class A common shares	-7.5B	-7.5B	-7.5B	-7.5B
Accumulated other comprehensive income (loss)	($569.0M)	($743.0M)	($399.0M)	($90.0M)
Total Comcast Corporation shareholders’ equity	$92.5B	$89.8B	$88.3B	$97.1B
Noncontrolling interests	($33.0M)	$7.0M	$61.0M	$335.0M
Total equity	$92.5B	$89.8B	$88.3B	$97.4B
Total liabilities and equity	$257.8B	$257.5B	$260.0B	$273.0B

Cash flow statement

Comcast Corp. cash flow statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Net income	$19.7B	$15.9B	$15.1B	$4.9B
Depreciation and amortization	$16.2B	$14.8B	$14.3B	$13.8B
Share-based compensation	$1.3B	$1.3B	$1.2B	$1.3B
Noncash interest expense (income), net	$488.0M	$464.0M	$316.0M	$309.0M
Net (gain) loss on investment activity and other	($8.9B)	$1.1B	($768.0M)	$1.2B
Deferred income taxes	$2.7B	($902.0M)	($2.7B)	($834.0M)
Current and noncurrent receivables, net	($135.0M)	$136.0M	($996.0M)	($1.3B)
Film and television costs, net	$338.0M	$290.0M	($260.0M)	($451.0M)
Accounts payable and accrued expenses related to trade creditors	($20.0M)	($758.0M)	($520.0M)	$497.0M
Other operating assets and liabilities	$2.0B	($4.6B)	$2.8B	($1.6B)
Net cash provided by operating activities	$33.6B	$27.7B	$28.5B	$26.4B
Capital expenditures	($11.8B)	($12.2B)	($12.2B)	($10.6B)
Cash paid for intangible assets	($2.7B)	($2.9B)	($3.3B)	($3.1B)
Construction of Universal Beijing Resort	($11.0M)	($116.0M)	($137.0M)	($330.0M)
Acquisitions, net of cash acquired	($1.3B)	—	$0	($12.0M)
Proceeds from sales of businesses and investments	$670.0M	$771.0M	$661.0M	$2.0B
Advance on sale of investment	$0	$0	$8.6B	—
Purchases of investments	($1.3B)	($1.1B)	($1.3B)	($2.3B)
Other	$199.0M	($113.0M)	$558.0M	$258.0M
Net cash provided by (used in) investing activities	($16.2B)	($15.7B)	($7.2B)	($14.1B)
Proceeds from (repayments of) short-term borrowings, net	$0	$0	($660.0M)	$660.0M
Proceeds from borrowings	$3.5B	$6.3B	$6.1B	$2.7B
Repurchases and repayments of debt	($5.7B)	($3.6B)	($4.0B)	($2.3B)
Repayment of collateralized obligation	$0	$0	($5.2B)	—
Repurchases of common stock under repurchase program and employee plans	($7.2B)	($9.1B)	($11.3B)	($13.3B)
Dividends paid	($4.9B)	($4.8B)	($4.8B)	($4.7B)
Other	($50.0M)	$339.0M	$5.0M	$786.0M
Net cash provided by (used in) financing activities	($14.3B)	($10.9B)	($19.9B)	($16.2B)
Impact of foreign currency on cash, cash equivalents and restricted cash	$42.0M	($26.0M)	$9.0M	($86.0M)
Increase (decrease) in cash, cash equivalents and restricted cash	$3.2B	$1.1B	$1.5B	($4.0B)
Cash, cash equivalents and restricted cash, beginning of year	$7.4B	$6.3B	$4.8B	$8.8B
Cash, cash equivalents and restricted cash, end of year	$10.6B	$7.4B	$6.3B	$4.8B

Comcast Corp. cash flow statement, quarters

Line item	Sep 30, 2026 · YTD	Jun 30, 2026 · YTD	Mar 31, 2026 · Q1	Sep 30, 2025 · YTD
Net income	$8.8B	$5.4B	$2.0B	$17.6B
Depreciation and amortization	$11.3B	$7.6B	$3.9B	$12.0B
Share-based compensation	$1.1B	$786.0M	$427.0M	$1.0B
Noncash interest expense (income), net	$314.0M	$253.0M	$134.0M	$359.0M
Net (gain) loss on investment activity and other	($7.0M)	($84.0M)	$263.0M	($9.3B)
Deferred income taxes	$1.5B	$1.4B	$730.0M	$3.3B
Current and noncurrent receivables, net	($1.0B)	($1.3B)	($1.4B)	$716.0M
Film and television costs, net	$251.0M	$873.0M	$375.0M	($168.0M)
Accounts payable and accrued expenses related to trade creditors	$890.0M	$958.0M	$1.1B	($135.0M)
Other operating assets and liabilities	($278.0M)	($891.0M)	($673.0M)	($566.0M)
Net cash provided by operating activities	$22.9B	$15.0B	$6.9B	$24.8B
Capital expenditures	($8.3B)	($5.3B)	($2.4B)	($8.0B)
Cash paid for intangible assets	($1.9B)	($1.2B)	($639.0M)	($1.9B)
Construction of Universal Beijing Resort	$0	$0	$0	($3.0M)
Acquisitions, net of cash acquired	$0	$0	—	($1.3B)
Proceeds from sales of businesses and investments	$128.0M	$106.0M	$32.0M	$644.0M
Purchases of investments	($668.0M)	($485.0M)	($237.0M)	($1.2B)
Other	$461.0M	$367.0M	$276.0M	$80.0M
Net cash provided by (used in) investing activities	($10.2B)	($6.5B)	($2.9B)	($11.7B)
Proceeds from borrowings	$2.0B	$2.0B	$2.0B	$2.5B
Repurchases and repayments of debt	($10.4B)	($7.3B)	($3.2B)	($4.4B)
Repurchases of common stock under repurchase program and employee plans	($2.5B)	($2.5B)	($1.5B)	($5.6B)
Dividends paid	($3.6B)	($2.4B)	($1.2B)	($3.7B)
Cash transferred to Versant, net	($750.0M)	($750.0M)	($750.0M)	—
Other	($236.0M)	($270.0M)	($316.0M)	$51.0M
Net cash provided by (used in) financing activities	($15.5B)	($11.3B)	($5.0B)	($11.1B)
Impact of foreign currency on cash, cash equivalents and restricted cash	$6.0M	($4.0M)	($6.0M)	$35.0M
Increase (decrease) in cash, cash equivalents and restricted cash	($2.9B)	($2.8B)	($1.0B)	$2.0B
Cash, cash equivalents and restricted cash, beginning of period	$10.6B	$10.6B	$10.6B	$7.4B
Cash, cash equivalents and restricted cash, end of period	$7.7B	$7.7B	$9.5B	$9.4B

Comcast Corp. score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.