Stock Analysis on Net

Comcast Corp. (NASDAQ:CMCSA)

Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Comcast Corp., consolidated income statement

US$ in millions

Microsoft Excel
12 months ended: Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Revenue 123,731 121,572 121,427 116,385 103,564
Programming and production (37,026) (36,762) (38,213) (38,450) (33,121)
Gross profit 86,705 84,810 83,214 77,935 70,443
Marketing and promotion (8,073) (7,971) (8,506) (7,695) (6,741)
Other operating and administrative (40,534) (39,189) (38,263) (35,619) (33,109)
Depreciation (8,729) (8,854) (8,724) (8,628) (8,320)
Amortization (6,072) (5,482) (5,097) (5,176) (4,780)
Goodwill and long-lived asset impairments (8,583)
Operating income 23,297 23,314 14,041 20,817 17,493
Interest expense (4,134) (4,087) (3,896) (4,281) (4,588)
Equity in net income (losses) of investees, net (680) 789 (537) 2,007 (113)
Realized and unrealized gains (losses) on equity securities, net (313) (130) (320) 339 1,014
Other income (loss), net 503 592 (4) 211 259
Investment and other income (loss), net (490) 1,251 (861) 2,557 1,160
Income before income taxes 18,673 20,478 9,284 19,093 14,065
Income tax expense (2,796) (5,371) (4,359) (5,260) (3,364)
Net income 15,877 15,107 4,925 13,833 10,701
Net (income) loss attributable to noncontrolling interests 315 281 445 326 (167)
Net income attributable to Comcast Corporation 16,192 15,388 5,370 14,159 10,534

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

Income statement item Description The company
Revenue Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Comcast Corp. revenue increased from 2022 to 2023 and from 2023 to 2024.
Operating income The net result for the period of deducting operating expenses from operating revenues. Comcast Corp. operating income increased from 2022 to 2023 but then slightly decreased from 2023 to 2024.
Income before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Comcast Corp. income before income taxes increased from 2022 to 2023 but then slightly decreased from 2023 to 2024.
Net income attributable to Comcast Corporation The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Comcast Corp. net income attributable to Comcast Corporation increased from 2022 to 2023 and from 2023 to 2024.