Comcast 2014 Annual Report Download - page 120

Table of Contents
Comcast Corporation
Reconciliation of Unrecognized Tax Benefits
As of December 31, 2014 and 2013, our accrued interest associated with tax positions was $452 million and $780 million,
respectively. As of December 31, 2014 and 2013, $44 million and $42 million, respectively, of these amounts were related to tax
positions of NBCUniversal and NBCUniversal Enterprise for which we have been indemnified by GE.
During 2014, the IRS completed its examination of our income tax returns for the year 2012. Various states are examining our tax
returns through 2011. The tax years of our state tax returns currently under examination vary by state, with most periods relating to
tax years 2000 and forward.
Note 16: Supplemental Financial Information
Receivables
In addition to the amounts in the table above, noncurrent receivables of $569 million and $488 million as of December 31, 2014 and
2013, respectively, are included in other noncurrent assets, net that primarily relate to the licensing of our television and film
productions to third parties.
Cash Payments for Interest and Income Taxes
Noncash Investing and Financing Activities
During 2014:
(in millions)
2014
2013
2012
Balance, January 1
$
1,701
$
1,573
$
1,435
Additions based on tax positions related to the current year
63
90
154
Additions based on tax positions related to prior years
111
201
79
Additions from acquired subsidiaries
—
268
—
Reductions for tax positions of prior years
(220
)
(141
)
(60
)
Reductions due to expiration of statutes of limitations
(448
)
(3
)
(3
)
Settlements with taxing authorities
(36
)
(287
)
(32
)
Balance, December 31
$
1,171
$
1,701
$
1,573
December 31 (in millions)
2014
2013
Receivables, gross
$
6,885
$
6,972
Less: Allowance for returns and customer incentives
359
375
Less: Allowance for doubtful accounts
205
221
Receivables, net
$
6,321
$
6,376
Year ended December 31 (in millions)
2014
2013
2012
Interest
$
2,389
$
2,355
$
2,314
Income taxes
$
3,668
$
3,946
$
2,841
•
we acquired $797 million of property and equipment and intangible assets that were accrued but unpaid
•
we recorded a liability of $572 million for a quarterly cash dividend of $0.225 per common share paid in
January 2015
•
we used $3.2 billion of equity securities to settle a portion of our obligations under prepaid forward sale
agreements
115
Comcast 2014 Annual Report on Form 10
-
K