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 |
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