COMCAST CORP

CMCSA 10-K · FY 2025

CMCSA FY 2025 request

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Income Statement

Income Statement
Metric FY 2025 FY 2024 YoY
Revenue 123,707 123,731 -0.0%
Show Product Lines breakouts
Advertising · Residential Connectivity & Platforms 3,712 4,089 -9.2%
Content licensing · Studios 8,199 8,063 +1.7%
Domestic advertising · Media 8,382 10,008 -16.2%
Domestic broadband · Residential Connectivity & Platforms 25,837 25,660 +0.7%
Domestic distribution · Media 11,613 11,826 -1.8%
Domestic wireless · Residential Connectivity & Platforms 4,967 4,273 +16.2%
International connectivity · Residential Connectivity & Platforms 4,963 4,503 +10.2%
International networks · Media 4,977 4,282 +16.2%
Other · Media 2,118 2,031 +4.3%
Other · Residential Connectivity & Platforms 4,838 5,259 -8.0%
Other · Studios 1,465 1,335 +9.7%
Theatrical · Studios 1,621 1,693 -4.3%
Total residential connectivity · Residential Connectivity & Platforms 35,767 34,435 +3.9%
Video · Residential Connectivity & Platforms 26,387 27,791 -5.1%
Show Business Segments breakouts
Business Services Connectivity · Operating Segments 10,214 9,678 +5.5%
Business Services Connectivity · Operating Segments 23 23 0.0%
Business Services Connectivity · Operating Segments 10,237 9,701 +5.5%
Media · Operating Segments 22,168 23,463 -5.5%
Media · Operating Segments 4,922 4,685 +5.1%
Media · Operating Segments 27,090 28,148 -3.8%
Residential Connectivity & Platforms · Operating Segments 70,599 71,401 -1.1%
Residential Connectivity & Platforms · Operating Segments 104 173 -39.9%
Residential Connectivity & Platforms · Operating Segments 70,704 71,574 -1.2%
Studios · Operating Segments 8,080 7,832 +3.2%
Studios · Operating Segments 3,205 3,259 -1.7%
Studios · Operating Segments 11,286 11,092 +1.7%
Theme Parks · Operating Segments 9,835 8,615 +14.2%
Theme Parks · Operating Segments 1 1 0.0%
Theme Parks · Operating Segments 9,836 8,617 +14.1%
Show Geography breakouts
GB 15,182 14,194 +7.0%
Other 13,382 13,300 +0.6%
US 95,143 96,237 -1.1%
Show Consolidation Items breakouts
Consolidation Eliminations -8,535 -8,383 -1.8%
Corporate Non Segment 3,090 2,982 +3.6%
Operating Segments 129,152 129,132 0.0%
Operating Segments · External Customers 120,896 120,990 -0.1%
Operating Segments · Intersegment Customers 8,256 8,142 +1.4%
Total Costs & Expenses 103,035 100,434 +2.6%
Operating Income 20,672 23,297 -11.3%
Non-Operating Income (Expense) 9,503 -490 +2039.4%
Interest Expense -4,409 -4,134 -6.7%
Other Non-Operating Income (Expense) 10,114 502 +1914.7%
Income Before Taxes 25,766 18,673 +38.0%
Income Tax Expense (Benefit) -6,106 -2,796 -118.4%
Net Income 19,660 15,877 +23.8%
Net Income 19,998 16,192 +23.5%
Comprehensive Income 22,033 15,402 +43.1%
EPS (Basic) 5.41 4.17 +29.7%
EPS (Diluted) 5.39 4.14 +30.2%
Wtd Avg Shares (Basic) 3,699 3,885 -4.8%
Wtd Avg Shares (Diluted) 3,709 3,908 -5.1%
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax -7 57 -112.3%
Net Income Loss Attributable To Noncontrolling Interest -338 -315 -7.3%
Marketing And Advertising Expense 8,862 8,073 +9.8%
Show Business Segments breakouts
Media · Operating Segments 1,463 1,473 -0.7%
Studios · Operating Segments 1,773 1,483 +19.6%
Foreign Currency Transaction Gain Loss Before Tax (FY)
Show Debt Instrument breakouts
Foreign Currency Denominated Debt Obligations and Intercompany Funding Arrangements Denominated in a Currency Other Than Functional -0.3
Income Loss From Equity Method Investments -591 -680 +13.1%

Balance Sheet

Balance Sheet
Metric FY 2025 FY 2024 YoY
Current Assets
Cash & Cash Equivalents 9,481 7,322 +29.5%
Accounts Receivable 13,869 13,661 +1.5%
Show Finance Receivable Program [Axis] breakouts
Equipment Installment Plan · Notes Receivable 2,096 1,827 +14.7%
Other Assets Current 6,217 5,817 +6.9%
Total Current Assets 29,567 26,801 +10.3%
Short-Term Investments 14 21 -33.3%
Non-Current Assets
Film Monetized On Its Own And Entertainment License Agreement For Program Material Including Sports Rights Advances Capitalized Costs Noncurrent 12,214 12,541 -2.6%
Long Term Investments 7,952 8,647 -8.0%
Property, Plant & Equipment 65,680 62,548 +5.0%
Show Geography breakouts
Non Us 9.8 10 -2.0%
US 55.9 52.6 +6.3%
Goodwill 61,502 58,209 +5.7%
Show Business Segments breakouts
Business Services Connectivity · Operating Segments 3.4 2.2 +54.5%
Media · Operating Segments 20.1 19.5 +3.1%
Residential Connectivity & Platforms · Operating Segments 29.3 27.8 +5.4%
Studios · Operating Segments 3.7 3.7 0.0%
Theme Parks · Operating Segments 5 5 0.0%
Other Non-Current Assets 13,877 12,501 +11.0%
Total Assets 272,631 266,211 +2.4%
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary · Universal Beijing Resort 7.4 7.3 +1.4%
Operating Lease Right-of-Use Assets 5,287 5,524 -4.3%
Other Assets
Indefinite Lived Franchise Rights 59,365 59,365 0.0%
Other Intangible Assets Net 22,474 25,599 -12.2%
Current Liabilities
Accounts Payable 11,058 11,321 -2.3%
Deferred Revenue 4,097 3,507 +16.8%
Accrued Liabilities 12,410 10,679 +16.2%
Debt Current 5,958 4,907 +21.4%
Total Current Liabilities 33,524 39,581 -15.3%
Non-Current Liabilities
Deferred Tax Liabilities 27,788 25,227 +10.2%
Other Non-Current Liabilities 20,965 20,942 +0.1%
Operating Lease Liabilities 5,410 5,569 -2.9%
Total Liabilities (Q)
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary · Universal Beijing Resort 7.3 7 +4.3%
Other Liabilities
Long Term Debt And Capital Lease Obligations 92,979 94,186 -1.3%
Redeemable Noncontrolling Interest Equity Carrying Amount 224 237 -5.5%
Stockholders' Equity
Common Stock (Q)
Show Statement Class Of Stock breakouts
Common Class A 45 47 -4.3%
Additional Paid-In Capital 37,709 38,102 -1.0%
Retained Earnings 66,675 56,972 +17.0%
Treasury Stock Common Value -7,517 -7,517 0.0%
Accumulated Other Comprehensive Income -8 -2,043 +99.6%
Total Stockholders' Equity 96,903 85,560 +13.3%
Minority Interest 249 477 -47.8%
Stockholders Equity Including Portion Attributable To Noncontrolling Interest 97,151 86,038 +12.9%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment 195 325 -40.0%
Accumulated Gain Loss Net Cash Flow Hedge Parent 44 106 -58.5%
Accumulated Other Comprehensive Income -8 -2,043 +99.6%
Accumulated Translation Adjustment -247 -2,474 +90.0%
Additional Paid In Capital 37,709 38,102 -1.0%
Common Stock · Common Class A 45 47 -4.3%
Noncontrolling Interest 249 477 -47.8%
Retained Earnings 66,675 56,972 +17.0%
Treasury Stock Common -7,517 -7,517 0.0%
Total Liabilities & Equity 272,631 266,211 +2.4%
Common Stock Shares Outstanding (Q)
Show Statement Class Of Stock breakouts
Common Class A 3,594,768,252 3,778,302,017 -4.9%
Common Class B 9,444,375 9,444,375 0.0%
Treasury Stock Common Shares 919,026,355 919,026,355 0.0%

Cash Flow Statement

Cash Flow Statement
Metric FY 2025 FY 2024 YoY
Operating Activities
Depreciation & Amortization 16,210 14,802 +9.5%
Stock-Based Compensation 1,288 1,288 0.0%
Deferred Income Taxes 2,674 -902 +396.5%
Net Cash from Operations 33,643 27,673 +21.6%
Investing Activities
Capital Expenditures -11,750 -12,181 +3.5%
Other Investing Activities 199 6 +3216.7%
Net Cash from Investing -16,157 -15,670 -3.1%
Financing Activities
Share Repurchases -7,155 -9,103 +21.4%
Net Cash from Financing -14,346 -10,883 -31.8%
Supplemental
Income Taxes Paid 755 7,096 -89.4%
Interest Paid 3,871 3,657 +5.9%
Unpaid Capital Expenditures 1.9 2.8 -32.1%
Other Cash Flow
Net Change in Cash 3,182 1,095 +190.6%

Values in millions USD. Source: SEC EDGAR 10-K filing.

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