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Comcast Corp (CMCSA) SEC Filing 10-Q Quarterly Report for the period ending Wednesday, June 30, 2021

Comcast Corp

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CIK: 1166691 Ticker: CMCSA
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PRESS RELEASE
COMCAST REPORTS 2nd QUARTER 2021 RESULTS
PHILADELPHIA - July 29, 2021… Comcast Corporation (NASDAQ: CMCSA) today reported results for the quarter ended June 30, 2021.
“We delivered excellent results in the quarter, continuing our great start to the year. At Cable, our performance was exceptional, highlighted by 11% revenue and 15% Adjusted EBITDA growth, the best broadband and total customer relationship net additions on record for a second quarter, and the most wireless net additions since the launch of Xfinity Mobile in 2017. At NBCUniversal, Adjusted EBITDA increased an impressive 13%, fueled by the recovery at Theme Parks, particularly at Universal Orlando. And I am pleased with and encouraged by our customer and financial metrics in the U.K., which drove Sky’s double-digit total revenue growth in the quarter. We remain committed to innovating for our customers and investing for a strong future. I have great confidence in our strategy and our ability to execute, which is reflected in our decision to restart our share repurchase program during the quarter, earlier than previously planned," commented Brian L. Roberts, Chairman and Chief Executive Officer of Comcast Corporation.
($ in millions, except per share data)
2nd QuarterYear to Date
Consolidated Results20212020Change20212020Change
Revenue $28,546 $23,715 20.4 %$55,751 $50,324 10.8 %
Net Income Attributable to Comcast$3,738 $2,988 25.1 %$7,067 $5,135 37.6 %
Adjusted Net Income1
$3,943 $3,170 24.3 %$7,472 $6,436 16.1 %
Adjusted EBITDA2
$8,927 $7,927 12.6 %$17,339 $16,057 8.0 %
Earnings per Share3
$0.80 $0.65 23.1 %$1.51 $1.11 36.0 %
Adjusted Earnings per Share1
$0.84 $0.69 21.7 %$1.60 $1.40 14.3 %
Net Cash Provided by Operating Activities$7,606 $8,643 (12.0 %)$15,357 $14,467 6.2 %
Free Cash Flow4
$4,791 $5,966 (19.7 %)$10,071 $9,291 8.4 %
For additional detail on segment revenue and expenses, customer metrics, capital expenditures, and free cash flow, please refer to the trending schedules on Comcast’s Investor Relations website at www.cmcsa.com.
2nd Quarter 2021 Highlights:
•Consolidated Adjusted EBITDA Increased 12.6% to $8.9 Billion; Adjusted EPS Increased 21.7% to $0.84; Generated Free Cash Flow of $4.8 Billion
•Resumed Share Repurchase Program in May, Earlier Than Previously Planned; Returned $1.7 Billion to Shareholders During the Quarter Through a Combination of Share Repurchases and Dividend Payments
•Cable Communications Total Customer Relationship Net Additions Were 294,000, the Best Second Quarter Result on Record; Total Broadband Customer Net Additions Were 354,000, the Best Second Quarter Result on Record
•Cable Communications Adjusted EBITDA Increased 14.5% and Adjusted EBITDA per Customer Relationship Increased 8.9%
•Cable Communications Wireless Customer Line Net Additions Were 280,000, the Best Quarterly Result on Record
•NBCUniversal Adjusted EBITDA Increased 12.5% to $1.6 billion, Including Peacock Losses
•Theme Parks Delivered Its First Profitable Quarter Since the First Quarter of 2020, Driven by Universal Orlando
•Sky Revenue Increased 28.0% to $5.2 billion; On a Constant Currency Basis, Revenue Increased 14.9%


The following information was filed by Comcast Corp (CMCSA) on Thursday, July 29, 2021 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Comcast Corp's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Cover Page
Condensed Consolidated Balance Sheet (Unaudited)
Condensed Consolidated Balance Sheet (Unaudited) (Parenthetical)
Condensed Consolidated Statement Of Cash Flows (Unaudited)
Condensed Consolidated Statement Of Changes In Equity (Unaudited)
Condensed Consolidated Statement Of Comprehensive Income (Unaudited)
Condensed Consolidated Statement Of Comprehensive Income (Unaudited) (Parenthetical)
Condensed Consolidated Statement Of Income (Unaudited)
Commitments And Contingencies
Commitments And Contingencies (Narrative) (Details)
Condensed Consolidated Financial Statements
Condensed Consolidated Financial Statements (Policies)
Equity And Share-Based Compensation
Equity And Share-Based Compensation (Components Of Accumulated Other Comprehensive Income (Loss)) (Details)
Equity And Share-Based Compensation (Narrative) (Details)
Equity And Share-Based Compensation (Recognized Share-Based Compensation Expense) (Details)
Equity And Share-Based Compensation (Tables)
Equity And Share-Based Compensation (Weighted Average Common Shares Outstanding) (Details)
Investments
Investments (Equity Method Investments) (Details)
Investments (Investment And Other Income (Loss), Net) (Details)
Investments (Other Investments) (Details)
Investments (Schedule Of Investments) (Details)
Investments (Tables)
Long-Term Debt
Long-Term Debt (Narrative) (Details)
Programming And Production Costs
Programming And Production Costs (Capitalized Film And Television Costs And Programming Rights) (Details)
Programming And Production Costs (Recognized Programming And Production Costs) (Details)
Programming And Production Costs (Tables)
Revenue
Revenue (Condensed Consolidated Balance Sheet) (Details)
Revenue (Details)
Revenue (Revenue By Geographic Location) (Details)
Revenue (Tables)
Segment Information
Segment Information (Details)
Segment Information (Reconciliation Of Adjusted Ebitda From Segment To Consolidated Statements) (Details)
Segment Information (Schedule Of Change In Goodwill) (Details)
Segment Information (Tables)
Significant Transactions
Significant Transactions (Universal Beijing Resort) (Details)
Supplemental Financial Information
Supplemental Financial Information (Cash Payments For Interest And Income Taxes) (Details)
Supplemental Financial Information (Cash, Cash Equivalents And Restricted Cash) (Details)
Supplemental Financial Information (Income Taxes) (Details)
Supplemental Financial Information (Noncash Activities) (Details)
Supplemental Financial Information (Tables)

Material Contracts, Statements, Certifications & more

Comcast Corp provided additional information to their SEC Filing as exhibits

Exhibit 10.1: Material Contract
Exhibit 10.2: Material Contract
Exhibit 31: Rule 13A-14(A)/15D-14(A) Certification
Exhibit 32: Section 1350 Certification
Ticker: CMCSA
CIK: 1166691
Form Type: 10-Q Quarterly Report
Accession Number: 0001166691-21-000029
Submitted to the SEC: Thu Jul 29 2021 3:45:07 PM EST
Accepted by the SEC: Thu Jul 29 2021
Period: Wednesday, June 30, 2021
Industry: Cable And Other Pay Television Services

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