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Financial Data by Business Segment
 12 Months Ended
Dec. 31, 2011
Financial Data By Business Segment [Abstract]  
Financial Data by Business Segment

Note 20: Financial Data by Business Segment

Following the NBCUniversal transaction, we present our operations in five reportable segments; Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks. The Comcast Content Business is presented with NBCUniversal's businesses in the Cable Networks segment. The businesses of Comcast Interactive Media (previously presented in Corporate and Other) that were not contributed to NBCUniversal are included in the Cable Communications segment. We recast our segment presentation for the years ended December 31, 2010 and 2009, in order to reflect our current reportable segments. Operating income (loss) before depreciation and amortization for our Theme Parks segment includes 100% of the results of operations of Universal Orlando for the period January 29, 2011 through December 31, 2011, to reflect our current measure of operating performance for our Theme Parks segment. See Note 4 for additional information on the NBCUniversal and Universal Orlando transactions. Our financial data by business segment is presented in the tables below.

(in millions) Revenue(f) Operating Income (Loss) Before Depreciation and Amortization(g) Depreciation and Amortization Operating Income (Loss) Capital Expenditures Assets(h)
2011            
Cable Communications(a)$ 37,226$ 15,288$ 6,395$ 8,893$ 4,806$ 120,729
NBCUniversal            
 Cable Networks(b)  8,108  3,185  718  2,467  48  29,578
 Broadcast Television(c)  5,935  138  79  59  61  6,213
 Filmed Entertainment(c)  4,239  27  20  7  6  3,891
 Theme Parks(c)  1,874  830  146  684  154  6,197
 Headquarters and Other(d)  45  (484)  168  (652)  165  5,443
 Eliminations(e)  (941)  (234)  1  (235)  -  (538)
NBCUniversal  19,260  3,462  1,132  2,330  434  50,784
Corporate and Other(c)  558  (416)  93  (509)  67  6,224
Eliminations(e)  (1,202)  23  16  7  -  (19,919)
Comcast Consolidated$ 55,842$ 18,357$ 7,636$ 10,721$ 5,307$ 157,818

(in millions) Revenue(f) Operating Income (Loss) Before Depreciation and Amortization(g) Depreciation and Amortization Operating Income (Loss) Capital Expenditures
2010          
Cable Communications(a)$ 35,363$ 14,302$ 6,232$ 8,070$ 4,853
Cable Networks(b)  2,719  732  323  409  51
Corporate and Other(c)  168  (438)  61  (499)  57
Eliminations(e)  (313)  -  -  -  -
Comcast Consolidated$ 37,937$ 14,596$ 6,616$ 7,980$ 4,961
            
(in millions) Revenue(f) Operating Income (Loss) Before Depreciation and Amortization(g) Depreciation and Amortization Operating Income (Loss) Capital Expenditures
2009          
Cable Communications(a)$ 33,544$ 13,459$ 6,199$ 7,260$ 5,031
Cable Networks(b)  2,415  606  278  328  55
Corporate and Other(c)  49  (351)  23  (374)  31
Eliminations(e)  (252)  -  -  -  -
Comcast Consolidated$ 35,756$ 13,714$ 6,500$ 7,214$ 5,117

(a) Our Cable Communications segment consists primarily of our cable services business and the businesses of Comcast Interactive Media that were not contributed to NBCUniversal.

For the years ended December 31, 2011, 2010 and 2009, Cable Communications segment revenue was derived from the following sources:

  2011 2010 2009 
Residential:      
 Video52.7%54.8%57.5%
 High-speed Internet23.5%22.5%21.7%
 Voice9.4%9.3%9.2%
Advertising5.4%5.7%4.8%
Business services4.8%3.6%2.5%
Other4.2%4.1%4.3%
Total100%100%100%

Subscription revenue received from customers who purchase bundled services at a discounted rate is allocated proportionally to each service based on the individual service's price on a stand-alone basis. For 2011, 2010 and 2009, 2.8%, 2.8% and 2.5%, respectively, of Cable Communications revenue was derived from franchise and other regulatory fees.

(b)       For 2011, our Cable Networks segment consists primarily of NBCUniversal's national cable networks, international cable networks, cable television production studio and certain digital media properties, and the Comcast Content Business. For 2010 and 2009, our Cable Networks segment consisted of the Comcast Content Business.

(c)       See Note 1 for additional information on our segments.

(d)       NBCUniversal Headquarters and Other activities include costs associated with overhead, allocations and employee benefits.

(e)       Eliminations include the results of operations for Universal Orlando for the period January 29, 2011 through June 30, 2011. The Theme Parks segment includes these amounts to reflect our current measure of operating performance for our Theme Parks segment but these amounts are not included when we measure total NBCUniversal and our consolidated results of operations because we recorded Universal Orlando as an equity method investment in our consolidated financial statements during this period.

Also included in Eliminations are transactions that our segments enter into with one another. The most common types of transactions are the following:

•       our Cable Networks and Broadcast Television segments generate revenue by selling programming to our Cable Communications segment, which represents a substantial majority of the revenue elimination amount

•       our Cable Communications segment receives incentives offered by our Cable Networks segment in connection with its distribution of the Cable Networks' content that are recorded as a reduction to programming expenses

•       our Cable Communications segment generates revenue by selling advertising and by selling the use of satellite feeds to our Cable Networks segment

• our Filmed Entertainment and Broadcast Television segments generate revenue by licensing content to our Cable Networks segment

  • Revenue from customers located outside of the U.S., primarily in Europe and Asia, for year ended December 31, 2011, was $4.1 billion. Revenue from customers located outside of the U.S. was not significant for the years ended December 31, 2010 and 2009. No single customer accounted for a significant amount of our revenue in any period.
  • We use operating income (loss) before depreciation and amortization, excluding impairment charges related to fixed and intangible assets and gains or losses from the sale of assets, if any, to measure the profit or loss of our operating segments. This measure eliminates the significant level of noncash depreciation and amortization expense that results from the capital-intensive nature of certain of our businesses and from intangible assets recognized in business combinations. It is also unaffected by our capital structure or investment activities. We use this measure to evaluate our consolidated operating performance, the operating performance of our operating segments and to allocate resources and capital to our operating segments. It is also a significant performance measure in our annual incentive compensation programs. We believe that this measure is useful to investors because it is one of the bases for comparing our operating performance with other companies in our industries, although our measure may not be directly comparable to similar measures used by other companies. This measure should not be considered a substitute for operating income (loss), net income (loss) attributable to Comcast Corporation, net cash provided by operating activities, or other measures of performance or liquidity reported in accordance with GAAP.
  • Property and equipment, net associated with operations located outside the U.S., primarily in Europe and Asia, was $60 million in 2011. Property and equipment, net associated with operations located outside the U.S. was not significant in 2010.