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Condensed Consolidating Financial Information
12 Months Ended
Dec. 31, 2012
Condensed Consolidating Financial Information [Abstract]  
Condensed Consolidating Financial Information

Note 22: Condensed Consolidating Financial Information

Comcast Corporation (“Comcast Parent”) and four of our 100% owned cable holding company subsidiaries, Comcast Cable Communications, LLC (“CCCL Parent”), Comcast MO Group, Inc. (“Comcast MO Group”), Comcast Cable Holdings, LLC (“CCH”) and Comcast MO of Delaware, LLC (“Comcast MO of Delaware”) (collectively, the “cable guarantors”), have fully and unconditionally guaranteed each other's debt securities. Comcast MO Group, CCH and Comcast MO of Delaware are collectively referred to as the “Combined CCHMO Parents.”

On March 19, 2013, we closed our agreement to acquire GE's 49% common equity interest in NBCUniversal Holdings. On March 27, 2013, Comcast Parent, the cable guarantors and NBCUniversal Media, LLC (referred to as “NBCUniversal Media Parent” in the tables below) entered into a series of agreements and supplemental indentures to include NBCUniversal Media, LLC as part of our existing cross-guarantee structure. As members of the cross-guarantee structure, Comcast Parent and the cable guarantors fully and unconditionally guarantee NBCUniversal Media, LLC's public debt securities, and NBCUniversal Media, LLC fully and unconditionally guarantees all of Comcast Parent's and the cable guarantors' public debt securities, as well as the $6.25 billion revolving credit facility of Comcast Parent and Comcast Cable Communications, LLC.

Comcast Parent and the cable guarantors also fully and unconditionally guarantee NBCUniversal Enterprise, Inc.'s $4 billion of senior notes and its $1.35 billion credit facility due March 2018. NBCUniversal Media, LLC does not guarantee the NBCUniversal Enterprise, Inc. senior notes or credit facility.

Comcast Parent provides an unconditional subordinated guarantee of the $185 million principal amount currently outstanding of Comcast Holdings' ZONES due October 2029. Neither the cable guarantors nor NBCUniversal Media, LLC guarantee the Comcast Holdings ZONES due October 2029. None of Comcast Parent, the cable guarantors nor NBCUniversal Media, LLC guarantee the $62 million principal amount currently outstanding of Comcast Holdings' ZONES due November 2029.

 

Condensed Consolidating Balance Sheet
December 31, 2012
(in millions) Comcast Parent Comcast Holdings CCCL Parent Combined CCHMO Parents NBCUniversal Media Parent Non- Guarantor Subsidiaries Elimination and Consolidation Adjustments Consolidated Comcast Corporation
Assets                
 Cash and cash equivalents$ -$ -$ -$ -$ 5,129$ 5,822$ -$ 10,951
 Investments -  -  -  -  -  1,464  -  1,464
 Receivables, net  -  -  -  -  3  5,518  -  5,521
 Programming rights  -  -  -  -  -  909  -  909
 Other current assets  233  -  14  4  51  844  -  1,146
Total current assets  233  -  14  4  5,183  14,557  -  19,991
Film and television costs  -  -  -  -  -  5,054  -  5,054
Investments  -  -  -  -  529  5,796  -  6,325
Investments in and amounts due from subsidiaries eliminated upon consolidation  74,227  87,630  96,853  50,242  38,464  73,298  (420,714)  -
Property and equipment, net  242  -  -  -  -  26,990  -  27,232
Franchise rights  -  -  -  -  -  59,364  -  59,364
Goodwill  -  -  -  -  -  26,985  -  26,985
Other intangible assets, net  12  -  -  -  -  17,828  -  17,840
Other noncurrent assets, net  1,130  147  1  -  152  1,650  (900)  2,180
Total assets$ 75,844$ 87,777$ 96,868$ 50,246$ 44,328$ 231,522$ (421,614)$ 164,971
                  
Liabilities and Equity                
 Accounts payable and accrued expenses related to trade creditors$ 8$ -$ -$ -$ -$ 6,198$ -$ 6,206
 Accrued participations and residuals  -  -  -  -  -  1,350  -  1,350
 Accrued expenses and other current liabilities  1,290  275  210  54  263  4,690  -  6,782
 Current portion of long-term debt  -  -  2,105  241  7  23  -  2,376
Total current liabilities  1,298  275  2,315  295  270  12,261  -  16,714
Long-term debt, less current portion  23,306  113  1,827  1,512  11,219  105  -  38,082
Deferred income taxes  -  754  -  -  78  30,035  (757)  30,110
Other noncurrent liabilities  1,884  -  -  -  926  10,604  (143)  13,271
Redeemable noncontrolling interests  -  -  -  -  -  16,998  -  16,998
Equity:                
 Common stock  31  -  -  -  -  -  -  31
 Other shareholders’ equity  49,325  86,635  92,726  48,439  31,835  161,079  (420,714)  49,325
Total Comcast Corporation shareholders’ equity  49,356  86,635  92,726  48,439  31,835  161,079  (420,714)  49,356
Noncontrolling interests  -  -  -  -  -  440  -  440
Total equity  49,356  86,635  92,726  48,439  31,835  161,519  (420,714)  49,796
Total liabilities and equity$ 75,844$ 87,777$ 96,868$ 50,246$ 44,328$ 231,522$ (421,614)$ 164,971

Condensed Consolidating Balance Sheet
December 31, 2011
(in millions) Comcast Parent Comcast Holdings CCCL Parent Combined CCHMO Parents NBCUniversal Media Parent Non- Guarantor Subsidiaries Elimination and Consolidation Adjustments Consolidated Comcast Corporation
Assets                
 Cash and cash equivalents$ -$ -$ -$ -$ 238$ 1,382$ -$ 1,620
 Investments -  -  -  -  -  54  -  54
 Receivables, net  -  -  -  -  15  4,637  -  4,652
 Programming rights  -  -  -  -  -  987  -  987
 Other current assets  235  -  8  3  26  988  -  1,260
Total current assets  235  -  8  3  279  8,048  -  8,573
Film and television costs  -  -  -  -  -  5,227  -  5,227
Investments  -  -  -  -  505  9,349  -  9,854
Investments in and amounts due from subsidiaries eliminated upon consolidation  71,222  88,336  89,568  45,725  39,714  66,214  (400,779)  -
Property and equipment, net  262  -  -  -  -  27,297  -  27,559
Franchise rights  -  -  -  -  -  59,376  -  59,376
Goodwill  -  -  -  -  -  26,874  -  26,874
Other intangible assets, net  9  -  -  -  -  18,156  -  18,165
Other noncurrent assets, net  912  148  30  5  139  1,622  (666)  2,190
Total assets$ 72,640$ 88,484$ 89,606$ 45,733$ 40,637$ 222,163$ (401,445)$ 157,818
                  
Liabilities and Equity                
 Accounts payable and accrued expenses related to trade creditors$ 10$ -$ -$ -$ -$ 5,695$ -$ 5,705
 Accrued participations and residuals  -  -  -  -  -  1,255  -  1,255
 Accrued expenses and other current liabilities  1,030  272  189  77  193  3,153  -  4,914
 Current portion of long-term debt  26  202  -  554  550  35  -  1,367
Total current liabilities  1,066  474  189  631  743  10,138  -  13,241
Long-term debt, less current portion  22,451  111  3,953  1,764  9,142  521  -  37,942
Deferred income taxes  -  727  -  -  78  29,650  (523)  29,932
Other noncurrent liabilities  1,849  -  -  -  954  10,374  (143)  13,034
Redeemable noncontrolling interests  -  -  -  -  -  16,014  -  16,014
Equity:                
 Common stock  32  -  -  -  -  -  -  32
 Other shareholders’ equity  47,242  87,172  85,464  43,338  29,720  155,085  (400,779)  47,242
Total Comcast Corporation shareholders’ equity  47,274  87,172  85,464  43,338  29,720  155,085  (400,779)  47,274
Noncontrolling interests  -  -  -  -  -  381  -  381
Total equity  47,274  87,172  85,464  43,338  29,720  155,466  (400,779)  47,655
Total liabilities and equity$ 72,640$ 88,484$ 89,606$ 45,733$ 40,637$ 222,163$ (401,445)$ 157,818

Condensed Consolidating Statement of Income
For the Year Ended December 31, 2012
(in millions) Comcast Parent Comcast Holdings CCCL Parent Combined CCHMO Parents NBCUniversal Media Parent Non- Guarantor Subsidiaries Elimination and Consolidation Adjustments Consolidated Comcast Corporation
Revenue:                
  Service revenue$ -$ -$ -$ -$ -$ 62,570$ -$ 62,570
 Management fee revenue  848  -  827  516  -  -  (2,191)  -
    848  -  827  516  -  62,570  (2,191)  62,570
Costs and Expenses:                
 Programming and production  -  -  -  -  -  19,929  -  19,929
 Other operating and administrative  401  -  827  516  899  17,405  (2,191)  17,857
 Advertising, marketing and promotion  -  -  -  -  -  4,807  -  4,807
 Depreciation  30  -  -  -  -  6,120  -  6,150
 Amortization  4  -  -  -  -  1,644  -  1,648
    435  -  827  516  899  49,905  (2,191)  50,391
Operating income (loss)  413  -  -  -  (899)  12,665  -  12,179
Other Income (Expense):                
 Interest expense  (1,430)  (23)  (329)  (135)  (425)  (179)  -  (2,521)
 Investment income (loss), net  8  3  -  -  -  208  -  219
 Equity in net income (losses) of                
  investees, net   6,858  6,536  6,665  4,909  4,402  4,014  (32,425)  959
 Other income (expense), net  2  -  -  -  (14)  785  -  773
    5,438  6,516  6,336  4,774  3,963  4,828  (32,425)  (570)
Income (loss) before income taxes  5,851  6,516  6,336  4,774  3,064  17,493  (32,425)  11,609
Income tax (expense) benefit  352  7  115  47  (9)  (4,256)  -  (3,744)
Net income (loss)   6,203  6,523  6,451  4,821  3,055  13,237  (32,425)  7,865
Net (income) loss attributable to                 
 noncontrolling interests  -  -  -  -  -  (1,662)  -  (1,662)
Net income (loss) attributable to                 
 Comcast Corporation$ 6,203$ 6,523$ 6,451$ 4,821$ 3,055$ 11,575$ (32,425)$ 6,203
Comprehensive income (loss)                 
 attributable to Comcast Corporation$ 6,370$ 6,523$ 6,460$ 4,821$ 3,068$ 11,703$ (32,575)$ 6,370

Condensed Consolidating Statement of Income
For the Year Ended December 31, 2011
(in millions) Comcast Parent Comcast Holdings CCCL Parent Combined CCHMO Parents NBCUniversal Media Parent Non- Guarantor Subsidiaries Elimination and Consolidation Adjustments Consolidated Comcast Corporation
Revenue:                
 Service revenue$ -$ -$ -$ -$ -$ 55,842$ -$ 55,842
 Management fee revenue  800  -  784  488  -  -  (2,072)  -
    800  -  784  488  -  55,842  (2,072)  55,842
Costs and Expenses:                
 Programming and production  -  -  -  -  -  16,598  -  16,598
 Other operating and administrative  420  5  784  488  678  16,353  (2,072)  16,656
 Advertising, marketing and promotion  -  -  -  -  -  4,231  -  4,231
 Depreciation  29  -  -  -  -  6,011  -  6,040
 Amortization  3  -  -  -  -  1,593  -  1,596
    452  5  784  488  678  44,786  (2,072)  45,121
Operating income (loss)  348  (5)  -  -  (678)  11,056  -  10,721
Other Income (Expense):                
 Interest expense  (1,439)  (32)  (338)  (172)  (370)  (154)  -  (2,505)
 Investment income (loss), net  3  2  -  -  -  154  -  159
 Equity in net income (losses) of                 
 investees, net   4,879  5,734  5,598  3,361  2,793  1,648  (24,048)  (35)
 Other income (expense), net  (19)  1  -  -  (59)  (56)  -  (133)
    3,424  5,705  5,260  3,189  2,364  1,592  (24,048)  (2,514)
Income (loss) before income taxes  3,772  5,700  5,260  3,189  1,686  12,648  (24,048)  8,207
Income tax (expense) benefit  388  12  118  60  (3)  (3,625)  -  (3,050)
Net income (loss)  4,160  5,712  5,378  3,249  1,683  9,023  (24,048)  5,157
Net (income) loss attributable to                 
 noncontrolling interests  -  -  -  -  -  (997)  -  (997)
Net (income) loss attributable                
 to Comcast Corporation$ 4,160$ 5,712$ 5,378$ 3,249$ 1,683$ 8,026$ (24,048)$ 4,160
Comprehensive income (loss)                 
 attributable to Comcast Corporation$ 4,107$ 5,712$ 5,387$ 3,249$ 1,605$ 8,064$ (24,017)$ 4,107

Condensed Consolidating Statement of Income
For the Year Ended December 31, 2010
(in millions) Comcast Parent Comcast Holdings CCCL Parent Combined CCHMO Parents NBCUniversal Media Parent Non- Guarantor Subsidiaries Elimination and Consolidation Adjustments Consolidated Comcast Corporation
Revenue:                
 Service revenue$ -$ -$ -$ -$ -$ 37,937$ -$ 37,937
 Management fee revenue  808  -  726  452  -  -  (1,986)  -
    808  -  726  452  -  37,937  (1,986)  37,937
Costs and Expenses:                
 Programming and production  -  -  -  -  -  8,537  -  8,537
 Other operating and administrative  444  59  726  452  -  12,700  (1,986)  12,395
 Advertising, marketing and promotion  -  -  -  -  -  2,409  -  2,409
 Depreciation  29  -  -  -  -  5,510  -  5,539
 Amortization  3  -  -  -  -  1,074  -  1,077
    476  59  726  452  -  30,230  (1,986)  29,957
Operating income (loss)  332  (59)  -  -  -  7,707  -  7,980
Other Income (Expense):                
 Interest expense  (1,402)  (33)  (402)  (173)  -  (146)  -  (2,156)
 Investment income (loss), net  8  7  -  -  -  273  -  288
 Equity in net income (losses) of                
 investees, net  4,329  4,675  4,741  3,015  -  (141)  (16,760)  (141)
 Other income (expense), net  (5)  -  -  -  -  138  -  133
    2,930  4,649  4,339  2,842  -  124  (16,760)  (1,876)
Income (loss) before income taxes  3,262  4,590  4,339  2,842  -  7,831  (16,760)  6,104
Income tax (expense) benefit  373  30  141  61  -  (3,041)  -  (2,436)
Net income (loss)   3,635  4,620  4,480  2,903  -  4,790  (16,760)  3,668
Net (income) loss attributable to                 
  noncontrolling interests  -  -  -  -  -  (33)  -  (33)
Net income (loss) attributable to                 
 Comcast Corporation$ 3,635$ 4,620$ 4,480$ 2,903$ -$ 4,757$ (16,760)$ 3,635
Comprehensive income (loss) attributable                
 to Comcast Corporation$ 3,582$ 4,620$ 4,489$ 2,903$ -$ 4,761$ (16,773)$ 3,582

Condensed Consolidating Statement of Cash Flows
For the Year Ended December 31, 2012
(in millions) Comcast Parent Comcast Holdings CCCL Parent Combined CCHMO Parents NBCUniversal Media Parent Non- Guarantor Subsidiaries Elimination and Consolidation Adjustments Consolidated Comcast Corporation
Net cash provided by (used in) operating activities$ (362)$ (7)$ (177)$ (114)$ (1,347)$ 16,861$ -$ 14,854
Investing Activities:                
Net transactions with affiliates  3,845  206  177  667  4,850  (9,745)  -  -
Capital expenditures  (10)  -  -  -  -  (5,704)  -  (5,714)
Cash paid for intangible assets  (6)  -  -  -  -  (917)  -  (923)
Acquisitions, net of cash acquired  -  -  -  -  -  (90)  -  (90)
Proceeds from sales of businesses and investments  -  -  -  -  -  3,102  -  3,102
Return of capital from investees  -  -  -  -  -  2,362  -  2,362
Purchases of investments  -  -  -  -  (19)  (278)  -  (297)
Other  -  3  -  -  (22)  93  -  74
Net cash provided by (used in) investing activities  3,829  209  177  667  4,809  (11,177)  -  (1,486)
Financing Activities:                
Proceeds from (repayments of) short-term borrowings, net  (1)  -  -  -  (550)  7  -  (544)
Proceeds from borrowings  2,536  -  -  -  1,995  13  -  4,544
Repurchases and repayments of debt  (1,726)  (202)  -  (553)  (2)  (398)  -  (2,881)
Repurchases and retirements of common stock  (3,000)  -  -  -  -  -  -  (3,000)
Dividends paid  (1,608)  -  -  -  -  -  -  (1,608)
Issuances of common stock  233  -  -  -  -  -  -  233
Distributions (to) from noncontrolling interests  -  -  -  -  -  (691)  -  (691)
Other  99  -  -  -  (14)  (175)  -  (90)
Net cash provided by (used in) financing activities  (3,467)  (202)  -  (553)  1,429  (1,244)  -  (4,037)
Increase (decrease) in cash and cash equivalents  -  -  -  -  4,891  4,440  -  9,331
Cash and cash equivalents, beginning of year  -  -  -  -  238  1,382  -  1,620
Cash and cash equivalents, end of year$ -$ -$ -$ -$ 5,129$ 5,822$ -$ 10,951

Condensed Consolidating Statement of Cash Flows
For the Year Ended December 31, 2011
(in millions) Comcast Parent Comcast Holdings CCCL Parent Combined CCHMO Parents NBCUniversal Media Parent Non- Guarantor Subsidiaries Elimination and Consolidation Adjustments Consolidated Comcast Corporation
Net cash provided by (used in) operating activities$ (513)$ (19)$ (209)$ (131)$ (638)$ 15,855$ -$ 14,345
Investing Activities:                
Net transactions with affiliates  4,615  19  1,209  131  247  (6,221)  -  -
Capital expenditures  (7)  -  -  -  -  (5,300)  -  (5,307)
Cash paid for intangible assets  (2)  -  -  -  -  (952)  -  (954)
Acquisitions, net of cash acquired  -  -  -  -  295  (6,702)  -  (6,407)
Proceeds from sales of businesses and investments  -  -  -  -  3  274  -  277
Return of capital from investees  -  -  -  -  -  37  -  37
Purchases of investments  -  -  -  -  (4)  (131)  -  (135)
Other  -  -  -  -  -  (19)  -  (19)
Net cash provided by (used in) investing activities  4,606  19  1,209  131  541  (19,014)  -  (12,508)
Financing Activities:                
Proceeds from (repayments of) short-term borrowings, net  (4)  -  -  -  550  (2)  -  544
Repurchases and repayments of debt  (1,095)  -  (1,000)  -  -  (1,121)  -  (3,216)
Repurchases and retirements of common stock  (2,141)  -  -  -  -  -  -  (2,141)
Dividends paid  (1,187)  -  -  -  -  -  -  (1,187)
Issuances of common stock  283  -  -  -  -  -  -  283
Distributions (to) from noncontrolling interests  -  -  -  -  -  (325)  -  (325)
Other  51  -  -  -  (215)  5  -  (159)
Net cash provided by (used in) financing activities  (4,093)  -  (1,000)  -  335  (1,443)  -  (6,201)
Increase (decrease) in cash and cash equivalents  -  -  -  -  238  (4,602)  -  (4,364)
Cash and cash equivalents, beginning of year  -  -  -  -  -  5,984  -  5,984
Cash and cash equivalents, end of year$ -$ -$ -$ -$ 238$ 1,382$ -$ 1,620

Condensed Consolidating Statement of Cash Flows
For the Year Ended December 31, 2010
(in millions) Comcast Parent Comcast Holdings CCCL Parent Combined CCHMO Parents NBCUniversal Media Parent Non- Guarantor Subsidiaries Elimination and Consolidation Adjustments Consolidated Comcast Corporation
Net cash provided by (used in) operating activities$ (391)$ (235)$ (257)$ (132)$ -$ 12,194$ -$ 11,179
Investing Activities:                
Net transactions with affiliates  488  248  257  132  -  (1,125)  -  -
Capital expenditures  (7)  -  -  -  -  (4,954)  -  (4,961)
Cash paid for intangible assets  (2)  -  -  -  -  (534)  -  (536)
Acquisitions, net of cash acquired  -  -  -  -  -  (183)  -  (183)
Proceeds from sales of businesses and investments  -  -  -  -  -  99  -  99
Return of capital from investees  -  -  -  -  -  190  -  190
Purchases of investments  -  -  -  -  -  (260)  -  (260)
Other  -  -  -  -  -  (60)  -  (60)
Net cash provided by (used in) investing activities  479  248  257  132  -  (6,827)  -  (5,711)
Financing Activities:                
Proceeds from borrowings  3,390  -  -  -  -  30  -  3,420
Repurchases and repayments of debt  (1,100)  (13)  -  -  -  (40)  -  (1,153)
Repurchases and retirements of common stock  (1,200)  -  -  -  -  -  -  (1,200)
Dividends paid  (1,064)  -  -  -  -  -  -  (1,064)
Issuances of common stock  34  -  -  -  -  -  -  34
Distributions (to) from noncontrolling interests  -  -  -  -  -  (67)  -  (67)
Other  (148)  -  -  -  -  23  -  (125)
Net cash provided by (used in) financing activities  (88)  (13)  -  -  -  (54)  -  (155)
Increase (decrease) in cash and cash equivalents  -  -  -  -  -  5,313  -  5,313
Cash and cash equivalents, beginning of year  -  -  -  -  -  671  -  671
Cash and cash equivalents, end of year$ -$ -$ -$ -$ -$ 5,984$ -$ 5,984