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Notes to Consolidated Financial Statements Comcast 2006 Annual Report 70
Condensed Consolidating Statement of Operations
For the Year Ended December 31, 2006
Elimination
Combined Non- and Consolidated
Comcast CCCL CCCH CCHMO Comcast Guarantor Consolidation Comcast
(in millions) Parent Parent Parent Parents Holdings Subsidiaries Adjustments Corporation
Revenues
Service revenues $ — $ — $ — $ — $ — $ 24,966 $ — $ 24,966
Management fee revenue 526 193 298 298 8 — (1,323) —
526 193 298 298 8 24,966 (1,323) 24,966
Costs and Expenses
Operating (excluding depreciation) — — — — — 9,010 — 9,010
Selling, general and administrative 256 193 298 298 16 6,776 (1,323) 6,514
Depreciation 8 — — — 2 3,818 — 3,828
Amortization — — — — 4 991 — 995
264 193 298 298 22 20,595 (1,323) 20,347
Operating income (loss) 262 — — — (14) 4,371 — 4,619
Other Income (Expense)
Interest expense (776) (400) (325) (259) (68) (236) — (2,064)
Investment income (loss), net — — — — 34 956 — 990
Equity in net income (losses) of affiliates 2,867 1,509 1,900 2,069 1,266 (138) (9,597) (124)
Other income (expense) — — — — — 173 — 173
2,091 1,109 1,575 1,810 1,232 755 (9,597) (1,025)
Income (loss) from continuing operations
before income taxes and minority interest 2,353 1,109 1,575 1,810 1,218 5,126 (9,597) 3,594
Income tax (expense) benefit 180 143 114 90 26 (1,900) — (1,347)
Income (loss) from continuing operations
before minority interest 2,533 1,252 1,689 1,900 1,244 3,226 (9,597) 2,247
Minority interest — — — — — (12) — (12)
Income from continuing operations 2,533 1,252 1,689 1,900 1,244 3,214 (9,597) 2,235
Income from discontinued operations,
net of tax — — — — — 103 — 103
Gain on discontinued operations, net of tax — — — — — 195 — 195
Net Income $ 2,533 $ 1,252 $ 1,689 $ 1,900 $ 1,244 $ 3,512 $ (9,597) $ 2,533