Comcast 2011 Annual Report Download - page 3

Part I
Item 1: Business
We are a leading provider of entertainment, information and communications products and services. We were
incorporated under the laws of Pennsylvania in December 2001. Through our predecessors, we have devel-
oped, managed and operated cable systems since 1963. On January 28, 2011, we closed our transaction
with General Electric Company (“GE”) in which we acquired a 51% controlling interest in the businesses of
NBC Universal, Inc. (now named NBCUniversal Media, LLC (“NBCUniversal”)). Additional information about
the transaction is discussed below under the heading “NBCUniversal Segments.” As a result of the NBCUni-
versal transaction, we report our operations as the following five reportable business segments:
•Cable Communications (formerly our Cable segment): Provides video, high-speed Internet
and voice services (“cable services”) to residential and business customers in 39 states and
the District of Columbia.
•Cable Networks: Consists primarily of our national cable television networks, our regional
sports and news networks, our international cable networks, our cable television production
studio, and our related digital media properties.
•Broadcast Television: Consists primarily of our NBC and Telemundo broadcast networks,
our NBC and Telemundo owned local television stations, our broadcast television pro-
duction operations, and our related digital media properties.
•Filmed Entertainment: Consists of the operations of Universal Pictures, which produces,
acquires, markets and distributes filmed entertainment and stage plays worldwide.
•Theme Parks: Consists primarily of our Universal theme parks in Orlando and Hollywood.
In 2011, our Cable Communications segment generated 67% of our consolidated revenue and 83% of our
operating income before depreciation and amortization. Our NBCUniversal segments, which are comprised of
our Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks segments, generated
34% of our consolidated revenue and 19% of our operating income before depreciation and amortization.
Our other business interests are included in Corporate and Other and primarily include Comcast Spectacor,
which owns the Philadelphia Flyers and the Wells Fargo Center, a large, multipurpose arena in Philadelphia.
Comcast Spectacor also owns Global Spectrum, which provides facilities management, and Ovations Food
Services, which provides food services, for sporting events, concerts and other events.
For financial and other information about our reportable segments, refer to Note 20 to our consolidated finan-
cial statements included in this Annual Report on Form 10-K.
Available Information and Websites
Our phone number is [phone], and our principal executive offices are located at One Comcast Center,
Philadelphia, PA 19103-2838. The public may read and copy any materials we file with the SEC at the SEC’s
Public Reference Room at 100 F Street, NE, Washington, DC 20549. The public may obtain information on
the operation of the Public Reference Room by calling the SEC at 1-800-SEC-0330. Our Annual Reports on
Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and any amendments to such
reports filed with or furnished to the SEC under Sections 13(a) or 15(d) of the Securities Exchange Act of
1934, as amended (the “Exchange Act”), are available free of charge on the SEC’s website at www.sec.gov
and on our website at www.comcast.com as soon as reasonably practicable after such reports are electroni-
cally filed with the SEC. The information posted on our website is not incorporated into our SEC filings.
1Comcast 2011 Annual Report on Form 10-K