Comcast 2014 Annual Report Download - page 80

Table of Contents
The table below sets forth information on our share repurchases and dividends paid in 2014, 2013 and 2012.
Contractual Obligations
Refer to Note 10 and Note 17 to Comcast’s consolidated financial statements.
Payment Due by Period
As of December 31, 2014 (in millions)
Total
Year 1
Years 2-
3
Years 4-
5
More than 5
Debt obligations
$
48,203
$
4,211
$
6,079
$
6,318
$
31,595
Capital lease obligations
31
6
9
4
12
Operating lease obligations
2,261
399
658
450
754
Purchase obligations
53,415
8,882
10,010
7,869
26,654
Other long-term liabilities reflected on the balance sheet
7,787
960
1,574
933
4,320
Total
$
111,697
$
14,458
$
18,330
$
15,574
$
63,335
(a)
Excludes interest payments.
(b)
Purchase obligations consist of agreements to purchase goods and services that are legally binding on us and specify all significant terms, including fixed or minimum
quantities to be purchased and price provisions. Our purchase obligations related to our Cable Communications segment include programming contracts with cable
networks and local broadcast television stations, contracts with customer premise equipment manufacturers, communications vendors and multichannel video providers
for which we provide advertising sales representation, and other contracts entered into in the normal course of business. Cable Communications programming contracts in
the table above include amounts payable under fixed or minimum guaranteed commitments and do not represent the total fees that are expected to be paid under
programming contracts, which we expect to be higher because these contracts are generally based on the number of subscribers receiving the programming. Our
purchase obligations related to our NBCUniversal segments consist primarily of commitments to acquire film and television programming, including U.S. television rights
to future Olympic Games through 2032, Sunday Night Football on NBC through the 2022-
23 season, including the Super Bowl in 2015, 2018 and 2021, NHL games
through the 2020-21 season, Spanish-
language U.S. television rights to FIFA World Cup games through 2022, U.S television rights to English Premier League soccer
games through the 2015-
16 season, certain PGA TOUR golf events through 2021 and certain NASCAR events through 2024, as well as obligations under various
creative talent and employment agreements, including obligations to actors, producers, television personalities and executives, and various other television commitments.
Purchase obligations do not include contracts with immaterial future commitments.
(c)
Other long-
term liabilities reflected on the balance sheet consist primarily of subsidiary preferred shares; deferred compensation obligations; pension, postretirement and
postemployment benefit obligations; a contingent consideration obligation related to the NBCUniversal transaction; and a contractual obligation acquired in connection
with the Universal Orlando transaction. This contractual obligation involves financial interests held by a third party in certain NBCUniversal businesses and is based on a
percentage of future revenue of the specified businesses. This contractual obligation provides the third party with the option, beginning in 2017, to require NBCUniversal
to purchase the interest for cash in an amount equal to the fair value of the estimated future payments. Reserves for uncertain tax positions of $1.2 billion are not included
in the table above because it is uncertain if and when these reserves will become payable. Payments of $1.8 billion of participations and residuals are also not included in
the table above because we cannot make a reliable estimate of the period in which these obligations will be settled.
(d)
Total contractual obligations are made up of the following components.
(in millions)
Liabilities recorded on the balance sheet
$
57,434
Commitments not recorded on the balance sheet
54,263
Total
$
111,697
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Comcast 2014 Annual Report on Form 10
-
K
(a)
(b)
(c)
(d)