Comcast 2013 Annual Report Download - page 8

Table of Contents
Redemption Transaction
On March 19, 2013, Comcast acquired GE’
s 49% remaining common equity interest in NBCUniversal Holdings for approximately
$16.7 billion (the “Redemption Transaction”).
In addition to this transaction, NBCUniversal purchased from GE certain properties
NBCUniversal occupies at 30 Rockefeller Plaza in New York City and CNBC’
s headquarters in Englewood Cliffs, New Jersey for
approximately $1.4 billion. See Note 4 to Comcast’
s consolidated financial statements for additional information on these
transactions.
Description of Our Businesses
Cable Communications Segment
The table below summarizes certain customer and penetration data for our cable system operations.
Basis of Presentation: Customer metrics include our residential and business customers. Information related to cable system acquisitions is included from the date acquired.
Information related to cable systems sold or exchanged is excluded for all periods presented. All percentages are calculated based on actual amounts. Minor differences may
exist due to rounding.
Cable Services
We offer a variety of cable services over our cable distribution system to residential and business customers. Subscription rates
and related charges vary according to the services and features customers receive and the type of equipment they use, and
customers are typically billed in advance on a monthly basis. Residential customers may generally discontinue service at any time,
while business customers may only discontinue service in accordance with the terms of their contracts, which typically have 2 to 5
year terms.
December 31 (in millions)
2013
2012
2011
2010
2009
Homes and businesses passed
53.8
53.2
52.5
51.9
51.2
Video
Video customers
21.7
22.0
22.3
22.8
23.6
Video penetration
40.3
%
41.4
%
42.5
%
43.9
%
46.0
%
Digital video customers
21.3
21.2
20.6
19.7
18.4
Digital video penetration
98.2
%
96.6
%
92.0
%
86.6
%
78.2
%
High-speed Internet
High-speed Internet customers
20.7
19.4
18.1
17.0
15.9
High-speed Internet penetration
38.4
%
36.4
%
34.6
%
32.7
%
31.1
%
Voice
Voice customers
10.7
10.0
9.3
8.6
7.6
Voice penetration
19.9
%
18.7
%
17.8
%
16.6
%
14.9
%
(a)
Homes and businesses are considered passed if we can connect them to our distribution system without further extending the transmission lines. Homes and businesses
passed is an estimate based on the best available information.
(b)
Generally, a home or business receiving video programming from our distribution system counts as one video customer. In the case of some multiple dwelling units
(“MDUs”),
we count video customers on an FCC equivalent basis by dividing total monthly revenue received from a contract with an MDU by the standard monthly
residential rate where the MDU is located.
(c)
Penetration is calculated by dividing the number of customers by the number of homes and businesses passed.
(d)
Digital video customers include customers receiving digital signals through any means, including CableCARDs and digital transport adapters. Digital video penetration is
calculated by dividing the number of digital video customers by total video customers.
3
Comcast 2013 Annual Report on Form 10
-
K
(a)
(b)
(c)
(d)
(d)
(c)
(c)