Stock Analysis on Net

Comcast Corp. (NASDAQ:CMCSA)

$24.99

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.

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

US$ in millions

Microsoft Excel
Sep 30, 2025 Jun 30, 2025 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
Receivables, net
Other current assets
Current assets
Film and television costs
Investments
Property and equipment, net of accumulated depreciation
Goodwill
Franchise rights
Other intangible assets, net of accumulated amortization
Intangible assets, net
Other noncurrent assets, net
Noncurrent assets
Total assets

Based on: 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 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 cash equivalents showed significant volatility throughout the periods. Starting from a lower base in early 2020, a peak was observed around March 2021, followed by a decline during the following quarters. From 2023 onwards, cash levels exhibited moderate fluctuations but generally ranged between 5,000 and 9,500 million US dollars, without establishing a clear upward or downward trend.
Receivables, net
Receivables remained relatively stable with slight increases over time. From early 2020 to early 2024, receivables increased moderately, reaching a maximum around 14,000 million US dollars before experiencing slight declines in certain quarters. This suggests consistent revenue collection with some seasonal or cyclical variability.
Other current assets
Other current assets experienced fluctuations, with values dipping sharply in mid-2020 but recovering by late 2021. The asset class showed two distinct peaks, first around mid-2022 and again in late 2024 to early 2025, indicating occasional increases in short-term resources or prepayments.
Current assets
Current assets followed a pattern reflecting the movements in cash, receivables, and other current assets. After peaking in early 2021, total current assets declined through 2022 and early 2023 before moderately recovering towards late 2024 and early 2025. This pattern shows a general management of short-term asset liquidity with some periods of tightening.
Film and television costs
This expense category remained fairly stable with minor fluctuations. Periods of increased costs in late 2020 and 2024 correspond to potentially higher content production or acquisition spending. Overall, values ranged between approximately 12,000 and 13,500 million US dollars, indicating substantial and consistent investment in content over the entire timeframe.
Investments
Investments displayed periodic rises and falls, with increases early in the analyzed period followed by declines around 2022 and late 2024. Despite these fluctuations, investments generally stayed within the range of 7,000 to 9,500 million US dollars, suggesting active but cautious portfolio management.
Property and equipment, net
Property and equipment showed a continuous upward trend across the periods, increasing from about 48,000 million US dollars in early 2020 to nearly 65,000 million US dollars by late 2025. This steady growth reflects ongoing capital expenditures and asset investment, supporting operational capacity expansion or maintenance.
Goodwill
Goodwill initially remained stable but demonstrated a significant decline starting in 2021 and continuing into 2022, dropping from over 70,000 million US dollars to nearly 56,000 million US dollars. After this sharp decrease, goodwill stabilized and fluctuated modestly in subsequent quarters. This movement suggests impairment or asset write-downs during the earlier period, followed by relative stabilization.
Franchise rights
Franchise rights remained constant throughout all quarters, holding steady at 59,365 million US dollars. This indicates no changes in the valuation or acquisition/disposition of these intangible assets during the period analyzed.
Other intangible assets, net of amortization
Other intangible assets exhibited a downward trend, decreasing steadily from approximately 34,700 million US dollars to about 23,400 million US dollars over the years. This decline implies ongoing amortization exceeding asset additions, resulting in a gradual reduction of intangible asset values.
Intangible assets, net
Overall net intangible assets followed a similar downward trajectory, falling from around 94,000 million US dollars to about 82,700 million US dollars by the end of the timeframe. This reflects the cumulative effect of amortization and limited new intangible asset capitalization.
Other noncurrent assets, net
Other noncurrent assets showed moderate growth, rising from about 9,200 million US dollars in early 2020 to around 13,900 million US dollars by late 2025. The movements suggest incremental investments or reclassifications into this category over time.
Noncurrent assets
Noncurrent assets showed minor fluctuations with a modest overall increase. After peaking in late 2020 and early 2021 near 251,000 million US dollars, the asset base declined notably in 2022, followed by recovery through to late 2025, ending slightly above the starting point. This pattern indicates dynamic asset management, including acquisitions, disposals, or revaluations.
Total assets
Total assets mirrored the combined trends of current and noncurrent assets. The highest levels were observed near the end of 2020, followed by a decline until 2022. Recovery occurred in subsequent years, with the total asset value stabilizing around 270,000 million US dollars near the end of the period. Overall, the asset base showed resilience with cyclical adjustments reflective of operational and investment activities.

Assets: Selected Items


Current Assets: Selected Items