Comcast 2015 Annual Report Download - page 175

NBCUniversal Media, LLC
(c) As disclosed in Note 11, we changed our method of accounting for a contractual obligation that involves an interest in the revenue of
certain theme parks. As a result of the change, beginning in the fourth quarter of 2015, amounts payable based on current period rev-
enue are presented in operating costs and expenses. Amounts paid through the third quarter of 2015 were included in other income
(expense), net in our consolidated statement of income. For segment reporting purposes, we have adjusted periods prior to the fourth
quarter of 2015 to reflect management reporting presentation for this expense on a consistent basis for all periods in the Theme Parks
segment, which resulted in an offsetting adjustment in Eliminations. Therefore, we have reduced our Theme Parks segment operating
income before depreciation and amortization and operating income by $63 million, $72 million and $61 million in 2015, 2014 and 2013,
respectively, while corresponding amounts have been reflected in Eliminations to reconcile to consolidated operating income.
(d) Headquarters and Other activities include costs associated with overhead, allocations, personnel costs and corporate initiatives.
(e) Eliminations are transactions that our segments enter into with one another, which consisted primarily of the licensing of film and tele-
vision content from our Filmed Entertainment and Broadcast Television segments to our Cable Networks segment.
(f) No single customer accounted for a significant amount of revenue in any period.
(g) We use operating income (loss) before depreciation and amortization, excluding impairment charges related to fixed and intangible assets
and gains or losses from the sale of assets, if any, as the measure of profit or loss for our operating segments. This measure eliminates
the significant level of noncash amortization expense that results from intangible assets recognized in connection with the joint venture
transaction and other business combinations. Additionally, it is unaffected by our capital structure or investment activities. We use this
measure to evaluate our consolidated operating performance and the operating performance of our operating segments and to allocate
resources and capital to our operating segments. It is also a significant performance measure in our annual incentive compensation pro-
grams. We believe that this measure is useful to investors because it is one of the bases for comparing our operating performance with
that of other companies in our industries, although our measure may not be directly comparable to similar measures used by other
companies. This measure should not be considered a substitute for operating income (loss), net income (loss) attributable to NBCUni-
versal, net cash provided by operating activities, or other measures of performance or liquidity we have reported in accordance with
GAAP.
(h) We operate primarily in the United States, but also in select international markets primarily in Europe and Asia. The table below summa-
rizes revenue by geographic location.
Year ended December 31 (in millions) 2015 2014 2013
Revenue:
United States $ 22,663 $ 20,995 $ 18,887
Foreign $ 5,799 $ 4,433 $ 4,763
Comcast 2015 Annual Report on Form 10-K 172