Comcast 2014 Annual Report Download - page 178

Table of Contents
NBCUniversal Media, LLC
Note 16: Commitments and Contingencies
Commitments
We enter into long-
term commitments with third parties in the ordinary course of our business, including commitments to acquire
film and television programming, creative talent and employment agreements, and various other television-
related commitments.
Many of our employees, including writers, directors, actors, technical and production personnel, and others, as well as some of our
on-
air and creative talent, are covered by collective bargaining agreements or works councils. As of December 31, 2014, the total
number of full-time, part-time and hourly employees on our payroll covered by collective bargaining agreements was 7,400 full-
time
equivalent employees. Of this total, approximately 30% of these full-
time equivalent employees were covered by collective
bargaining agreements that have expired or are scheduled to expire during 2015.
The table below summarizes our minimum annual programming and talent commitments and our minimum annual rental
commitments for office space and equipment under operating leases. Programming and talent commitments include acquired film
and television programming, including U.S. television rights to the Olympic Games through 2032, Sunday Night Football
on NBC
through the 2022-
23 season, and other programming commitments, as well as various contracts with creative talent and
employment agreements.
The table below presents our rent expense charged to operations.
Note 17: Financial Data by Business Segment
We present our operations in four reportable business segments: Cable Networks, Broadcast Television, Filmed Entertainment and
Theme Parks. Our financial data by reportable business segment is presented in the tables below.
As of December 31, 2014 (in millions)
Programming
and Talent
Commitments
Operating
Leases
2015
$
4,898
$
150
2016
$
4,648
$
135
2017
$
3,173
$
107
2018
$
3,998
$
89
2019
$
2,793
$
73
Thereafter
$
26,130
$
402
Year ended December 31 (in millions)
2014
2013
2012
Rent expense
$
222
$
250
$
317
(in millions)
Revenue
Operating
Income (Loss)
Before Depreciation
and
Amortization
Depreciation
and
Amortization
Operating Income
(Loss)
Capital
Expenditures
Assets
2014
Cable Networks
$
9,563
$
3,589
$
748
$
2,841
$
49
$
28,582
Broadcast Television
8,542
734
127
607
76
6,806
Filmed Entertainment
5,008
711
21
690
11
4,185
Theme Parks
2,623
1,168
273
895
671
7,017
Headquarters and Other
13
(613
)
326
(939
)
414
6,479
Eliminations
(321
)
(1
)
—
(
1
)
—
(
452
)
Total
$
25,428
$
5,588
$
1,495
$
4,093
$
1,221
$
52,617
173
Comcast 2014 Annual Report on Form 10
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K
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