Stock Analysis on Net

Comcast Corp. (NASDAQ:CMCSA)

Balance Sheet: Assets 
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.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Comcast Corp., consolidated balance sheet: assets (quarterly data)

US$ in millions

Microsoft Excel
Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Cash and cash equivalents 8,593 7,322 8,814 6,065 6,515 6,215 6,435 7,146 5,535 4,749 5,695 6,822 8,880 8,711 11,806 12,378 14,950 11,740 13,707 13,935 8,516
Receivables, net 12,881 13,661 14,036 13,167 13,144 13,813 12,835 12,980 12,287 12,672 11,918 11,956 12,300 12,008 11,974 11,110 10,986 11,466 10,310 10,227 10,800
Other current assets 5,840 5,818 4,336 4,220 4,319 3,959 4,871 4,796 4,555 4,405 5,803 5,414 4,201 4,088 3,647 3,558 3,502 3,535 3,352 3,323 4,768
Current assets 27,314 26,801 27,186 23,452 23,978 23,987 24,141 24,922 22,377 21,826 23,416 24,192 25,381 24,807 27,427 27,046 29,438 26,741 27,369 27,485 24,084
Film and television costs 12,774 12,541 13,340 12,853 12,757 12,920 13,067 12,641 12,612 12,560 12,685 11,622 12,360 12,806 12,645 12,372 12,983 13,340 12,741 12,213 12,385
Investments 8,524 8,647 9,021 9,171 9,548 9,385 8,360 8,241 8,298 7,740 7,857 8,240 8,933 8,687 9,726 9,467 8,376 8,267 7,131 7,378 7,080
Property and equipment, net of accumulated depreciation 63,292 62,548 61,775 60,507 59,918 59,686 58,165 56,851 56,279 55,485 53,555 53,508 53,820 54,047 52,809 52,769 52,317 51,995 50,466 48,985 48,442
Goodwill 59,094 58,209 60,076 58,376 58,668 59,268 58,069 59,042 58,960 58,494 56,414 66,486 69,052 70,189 69,626 70,429 70,106 70,669 68,898 67,354 67,218
Franchise rights 59,365 59,365 59,365 59,365 59,365 59,365 59,365 59,365 59,365 59,365 59,365 59,365 59,365 59,365 59,365 59,365 59,365 59,365 59,365 59,365 59,365
Other intangible assets, net of accumulated amortization 24,943 25,599 26,423 26,363 27,063 27,867 27,870 28,761 29,004 29,308 28,604 30,728 32,468 33,580 33,393 34,321 34,861 35,389 34,485 34,186 34,672
Intangible assets, net 84,308 84,964 85,788 85,728 86,428 87,232 87,235 88,126 88,369 88,673 87,969 90,093 91,833 92,945 92,758 93,686 94,226 94,754 93,850 93,551 94,037
Other noncurrent assets, net 12,464 12,501 12,685 12,468 12,304 12,333 12,035 12,324 12,534 12,497 12,412 12,891 12,695 12,424 12,070 11,235 11,065 8,103 8,485 9,012 9,175
Noncurrent assets 240,456 239,410 242,685 239,103 239,623 240,824 236,931 237,225 237,052 235,449 230,892 242,840 248,693 251,098 249,634 249,958 249,073 247,128 241,571 238,493 238,337
Total assets 267,770 266,211 269,871 262,555 263,601 264,811 261,072 262,147 259,429 257,275 254,308 267,032 274,074 275,905 277,061 277,004 278,511 273,869 268,940 265,978 262,421

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).


Cash and Cash Equivalents
Cash and equivalents exhibited considerable volatility over the periods. Starting at 8,516 million USD in March 2020, a peak of 14,950 million USD was reached in March 2021. Subsequently, a general downward trend followed with fluctuations, bottoming around 4,749 million USD in December 2022 before recovering partially to 8,593 million USD by December 2024. The variation indicates changes in liquidity possibly influenced by operational and financing activities.
Receivables, Net
Receivables showed a steady increase from 10,800 million USD in March 2020 to a high of approximately 14,036 million USD by September 2024, albeit with some fluctuations. This rising trend suggests an expansion in credit sales or billing, possibly reflecting growing customer base or higher sales volumes.
Other Current Assets
Other current assets displayed fluctuations, with an initial drop from 4,768 million USD in March 2020 to 3,323 million USD by June 2020, followed by a general recovery and upward movement peaking near 5,818 million USD in December 2024. The variation may be due to changing prepaid expenses, short-term investments, or other miscellaneous assets.
Current Assets
Current assets initially rose from 24,084 million USD in March 2020 to nearly 29,438 million USD in March 2021, followed by a decline and some volatility around the 23,000-27,000 million USD range. The current assets’ pattern reflects the combined influences of cash, receivables, and other short-term assets over the period.
Film and Television Costs
This asset category remained relatively stable, with values oscillating between approximately 11,622 million USD and 13,340 million USD. The minor fluctuations suggest consistent investments in content production or acquisition over the analyzed periods.
Investments
Investments showed minor variability, with values ranging between about 7,080 million USD and 9,726 million USD. The general trend appears to be stable without significant growth or decline, indicating a steady investment portfolio.
Property and Equipment, Net
This category exhibited a gradual upward trend, increasing from 48,442 million USD in March 2020 to over 63,292 million USD in December 2024. The consistent growth reflects ongoing capital expenditures or acquisition of property and equipment assets.
Goodwill
Goodwill presented a downward trend overall, beginning at 67,218 million USD and decreasing notably to around 56,414 million USD by September 2022, followed by moderate fluctuations hovering around 58,000-60,000 million USD toward the end of the period. This decrease may indicate impairments or sale of businesses.
Franchise Rights
Franchise rights remained constant at 59,365 million USD throughout all periods, suggesting no changes or amortization in this intangible asset category.
Other Intangible Assets, Net
This asset class declined steadily from 34,672 million USD in March 2020 to 24,943 million USD by March 2025, reflecting ongoing amortization or disposals of intangible assets.
Intangible Assets, Net
Combined intangible assets showed a general decreasing trend from 94,037 million USD in March 2020 to 84,308 million USD in March 2025, consistent with the decline in other intangible assets and partial decrease in goodwill.
Other Noncurrent Assets, Net
Other noncurrent assets increased overall, from 9,175 million USD to roughly 12,464 million USD by March 2025, with some periodic declines. This suggests accumulation or acquisition of various long-term assets during the period.
Noncurrent Assets
Noncurrent assets showed minor fluctuations but maintained a relatively stable level around 237,000 to 249,000 million USD, starting at approximately 238,337 million USD and ending near 240,456 million USD. This stability indicates steady investment in long-term assets with minor adjustments.
Total Assets
Total assets increased from 262,421 million USD in March 2020 to a peak of 278,511 million USD in March 2021, then declined and fluctuated between approximately 254,000 and 269,000 million USD through the last periods, ending at around 267,770 million USD in March 2025. This pattern reflects the combined effects of variations in current and long-term assets.

Assets: Selected Items


Current Assets: Selected Items