Comcast 2014 Annual Report Download - page 98

Table of Contents
Comcast Corporation
Note 3: Recent Accounting Pronouncements
Discontinued Operations
In April 2014, the Financial Accounting Standards Board (“FASB”)
updated the accounting guidance related to discontinued
operations. The updated accounting guidance provides a narrower definition of discontinued operations than existing GAAP. The
updated accounting guidance requires that only disposals of components of an entity, or groups of components, that represent a
strategic shift that has or will have a material effect on the reporting entity’
s operations be reported in the financial statements as
discontinued operations. The updated accounting guidance also provides guidance on the financial statement presentations and
disclosures of discontinued operations. The updated accounting guidance will be effective prospectively for us on January 1, 2015.
Revenue Recognition
In May 2014, the FASB and the International Accounting Standards Board updated the accounting guidance related to revenue
recognition. The updated accounting guidance provides a single, contract-
based revenue recognition model to help improve
financial reporting by providing clearer guidance on when an entity should recognize revenue, and by reducing the number of
standards to which entities have to refer. The updated accounting guidance will be effective for us on January 1, 2017, and early
adoption is not permitted. The updated accounting guidance provides companies with alternative methods of adoption. We are
currently in the process of determining the impact that the updated accounting guidance will have on our consolidated financial
statements and our method of adoption.
Note 4: Earnings Per Share
Computation of Diluted EPS
Diluted earnings per common share attributable to Comcast Corporation shareholders (“diluted EPS”)
considers the impact of
potentially dilutive securities using the treasury stock method. Our potentially dilutive securities include potential common shares
related to our stock options and our restricted share units (“RSUs”).
Diluted EPS excludes the impact of potential common shares
related to our stock options in periods in which the combination of the option exercise price and the associated unrecognized
compensation expense is greater than the average market price of our Class A common stock or our Class A Special common
stock, as applicable.
2014
2013
2012
Year ended December 31
(in millions, except per share data)
Net Income
Attributable
to Comcast
Corporation
Shares
Per Share
Amount
Net Income
Attributable
to Comcast
Corporation
Shares
Per Share
Amount
Net Income
Attributable
to Comcast
Corporation
Shares
Per Share
Amount
Basic EPS attributable to Comcast
Corporation shareholders
$
8,380
2,583
$
3.24
$
6,816
2,625
$
2.60
$
6,203
2,678
$
2.32
Effect of dilutive securities:
Assumed exercise or issuance of shares
relating to stock plans
37
40
39
Diluted EPS attributable to Comcast
Corporation shareholders
$
8,380
2,620
$
3.20
$
6,816
2,665
$
2.56
$
6,203
2,717
$
2.28
93
Comcast 2014 Annual Report on Form 10
-
K