Comcast Corp., current enterprise value calculation

Current share price (P)	$38.22
No. shares of common stock outstanding	3,826,540,003
US$ in millions
Common equity (market value)¹	146,250)
Add: Preferred stock; issued, zero (per books)	—)
Add: Noncontrolling interests (per books)	523)
Total equity	146,773)
Add: Current portion of long-term debt (per books)	2,069)
Add: Long-term debt, less current portion (per books)	95,021)
Total equity and debt	243,863)
Less: Cash and cash equivalents	6,215)
Enterprise value (EV)	237,648)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 38.22 × 3,826,540,003

Comcast Corp., EV calculation

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Share price^1, 2	$46.54	$39.97	$49.99	$51.45	$44.14
No. shares of common stock outstanding¹	3,971,857,339	4,216,056,328	4,533,230,325	4,580,656,172	4,553,034,645
US$ in millions
Common equity (market value)³	184,850)	168,516)	226,616)	235,675)	200,971)
Add: Preferred stock; issued, zero (book value)	—)	—)	—)	—)	—)
Add: Noncontrolling interests (book value)	523)	684)	1,398)	1,415)	1,148)
Total equity	185,373)	169,200)	228,014)	237,090)	202,119)
Add: Current portion of long-term debt (book value)	2,069)	1,743)	2,132)	3,146)	4,452)
Add: Long-term debt, less current portion (book value)	95,021)	93,068)	92,718)	100,614)	97,765)
Total equity and debt	282,463)	264,011)	322,864)	340,850)	304,336)
Less: Cash and cash equivalents	6,215)	4,749)	8,711)	11,740)	5,500)
Enterprise value (EV)	276,248)	259,262)	314,153)	329,110)	298,836)

¹ Data adjusted for splits and stock dividends.

² Closing price as at the filing date of Comcast Corp. Annual Report.

³ 2023 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 46.54 × 3,971,857,339

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Item	Description	The company
EV	Enterprise value is total company value (the market value of common equity, debt, and preferred equity) minus the value of cash and short-term investments.	Comcast Corp. EV decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.

Comcast Corp. (NASDAQ:CMCSA)

Enterprise Value (EV)