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Comcast Corporation
equity section of our consolidated financial statements and has been recorded based on the total value of
Universal Studios Japan implied in the transaction. For purposes of this preliminary allocation, the excess of
the total value implied in the transaction over the historical carrying value has been recorded as goodwill.
The table below presents the preliminary allocation of the purchase price to the assets and liabilities of Univer-
sal Studios Japan.
Preliminary Allocation of Purchase Price
(in millions)
Property and equipment (see Note 8) $ 642
Intangible assets (see Note 9) 57
Working capital (24)
Debt (see Note 10) (3,271)
Other noncurrent assets and liabilities 162
Identifiable net assets (liabilities) acquired (2,434)
Noncontrolling interest (1,440)
Goodwill (see Note 9) 5,373
Cash consideration transferred $ 1,499
Actual and Unaudited Pro Forma Results
Our consolidated revenue and net income attributable to Comcast Corporation for the year ended
December 31, 2015 included $169 million and $18 million, respectively, from the acquisition of Universal
Studios Japan.
The following unaudited pro forma information has been presented as if the acquisition occurred on Jan-
uary 1, 2014. This information is based on historical results of operations and is subject to change as
valuations are completed and additional analysis is obtained. In addition, the unaudited pro forma accounting
adjustments are not necessarily indicative of what our results would have been had we operated Universal
Studios Japan since January 1, 2014. No pro forma adjustments have been made for our transaction-related
expenses.
Year ended December 31 (in millions except per share amounts) 2015 2014
Revenue $ 75,563 $ 69,860
Net income $ 8,640 $ 8,758
Net income attributable to Comcast Corporation $ 8,278 $ 8,463
Basic earnings per common share attributable to Comcast Corporation shareholders $ 3.33 $ 3.28
Diluted earnings per common share attributable to Comcast Corporation shareholders $ 3.29 $ 3.23
Time Warner Cable Merger and Related Divestiture Transactions
On April 24, 2015, we and Time Warner Cable Inc. terminated our planned merger, and we terminated our
related agreement with Charter Communications, Inc. to spin off, exchange and sell certain cable systems. In
connection with these proposed transactions, we incurred incremental transaction-related expenses of $198
million and $237 million in 2015 and 2014, respectively. The transaction-related expenses are reflected pri-
marily in other operating and administrative expenses, with $20 million recorded in depreciation and
amortization expenses associated with the write-off of certain capitalized costs in 2015.
87 Comcast 2015 Annual Report on Form 10-K