Comcast 2014 Annual Report Download - page 6

Table of Contents
Part I
Item 1: Business
We are a global media and technology company with two primary businesses, Comcast Cable and NBCUniversal. We were
incorporated under the laws of Pennsylvania in December 2001. Through our predecessors, we have developed, managed and
operated cable systems since 1963. In 2011, we acquired control of the businesses of NBCUniversal from General Electric
Company (the “NBCUniversal transaction”),
and in 2013, we acquired the remaining 49% common equity interest in NBCUniversal,
LLC (“NBCUniversal Holdings”) that we did not already own.
We present our operations for Comcast Cable in one reportable business segment, referred to as Cable Communications, and our
operations for NBCUniversal in four reportable business segments. The Cable Networks, Broadcast Television, Filmed
Entertainment and Theme Parks segments comprise the NBCUniversal businesses (collectively, the “NBCUniversal segments”).
Our other business interests consist primarily of Comcast-
Spectacor, which owns the Philadelphia Flyers and the Wells Fargo
Center arena in Philadelphia, Pennsylvania and operates arena management-related businesses.
In 2014, our Cable Communications segment generated 64% of our consolidated revenue and 79% of our operating income before
depreciation and amortization.
For financial and other information about our reportable business segments, refer to Note 18 to Comcast’
s consolidated financial
statements and Note 17 to NBCUniversal’s consolidated financial statements included in this Annual Report on Form 10-K.
For additional information on general developments of our business, see Item 7, Management’
s Discussion and Analysis of
Financial Condition and Results of Operations.
•
Cable Communications:
Consists of the operations of Comcast Cable, which is the nation’
s largest
provider of video, high-speed Internet and voice services (“cable services”)
to residential customers
under the XFINITY brand; we also provide similar and other services to small and medium-
sized
businesses and sell advertising.
•
Cable Networks:
Consists primarily of our national cable networks, our regional sports and news
networks, our international cable networks, and our cable television production operations.
•
Broadcast Television:
Consists primarily of the NBC and Telemundo broadcast networks, our 10 NBC
and 17 Telemundo owned local broadcast television stations, and our broadcast television production
operations.
•
Filmed Entertainment:
Consists primarily of the studio operations of Universal Pictures, which
produces, acquires, markets and distributes filmed entertainment worldwide.
•
Theme Parks:
Consists primarily of our Universal theme parks in Orlando, Florida and Hollywood,
California.
1
Comcast 2014 Annual Report on Form 10
-
K