Comcast 2012 Annual Report Download - page 125

Table of Contents
Condensed Consolidating Statement of Income
For the Year Ended December 31, 2011
(in millions)
Comcast
Parent
CCCL
Parent
Combined
CCHMO
Parents
Comcast
Holdings
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
784
488
5
17,031
(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
784
488
5
45,464
(2,072
)
45,121
Operating income (loss)
348
—
—
(
5
)
10,378
—
10,721
Other Income (Expense):
Interest expense
(1,439
)
(338
)
(172
)
(32
)
(524
)
—
(
2,505
)
Investment income (loss), net
3
—
—
2
154
—
159
Equity in net income (losses) of investees, net
4,879
5,598
3,361
5,734
(35
)
(19,572
)
(35
)
Other income (expense), net
(19
)
—
—
1
(115
)
—
(
133
)
3,424
5,260
3,189
5,705
(520
)
(19,572
)
(2,514
)
Income (loss) before income taxes
3,772
5,260
3,189
5,700
9,858
(19,572
)
8,207
Income tax (expense) benefit
388
118
60
12
(3,628
)
—
(
3,050
)
Net income (loss)
4,160
5,378
3,249
5,712
6,230
(19,572
)
5,157
Net (income) loss attributable to noncontrolling interests
—
—
—
—
(
997
)
—
(
997
)
Net (income) loss attributable to Comcast
Corporation
$
4,160
$
5,378
$
3,249
$
5,712
$
5,233
$
(19,572
)
$
4,160
Comprehensive income (loss) attributable to
Comcast Corporation
$
4,107
$
5,387
$
3,249
$
5,712
$
5,193
$
(19,541
)
$
4,107
Comcast 2012 Annual Report on Form 10-K
122