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

Comcast Corp

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CIK: 1166691 Ticker: CMCSA
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PRESS RELEASE
COMCAST REPORTS 3rd QUARTER 2021 RESULTS
PHILADELPHIA - October 28, 2021… Comcast Corporation (NASDAQ: CMCSA) today reported results for the quarter ended September 30, 2021.
"I am pleased with our strong operating and financial results this quarter. Each of our businesses posted significant growth in Adjusted EBITDA, contributing to a double-digit increase in our Adjusted EPS. At Cable, our customer and financial metrics remained strong, highlighted by 10% growth in Adjusted EBITDA, the highest level of customer retention on record for a third quarter, and the most wireless net additions since the launch of Xfinity Mobile in 2017. Our results at NBCUniversal continue to be driven by the ongoing recovery at our domestic Theme Parks, as well as the success of our linear and streaming Media platforms. At Sky, our UK business maintained its momentum, delivering healthy growth in revenue, EBITDA, and customer relationships. Going forward, I am excited about the opportunity to continue to invest in our global technology platform and other businesses while returning more capital to shareholders. This strategy is reflected in our most recent product launches – XClass TV in the U.S. and Sky Glass in Europe – as well as the $2.7 billion we returned to shareholders through a combination of share repurchases and dividend payments," commented Brian L. Roberts, Chairman and Chief Executive Officer of Comcast Corporation.
($ in millions, except per share data)
3rd QuarterYear to Date
Consolidated Results20212020Change20212020Change
Revenue $30,298 $25,532 18.7 %$86,049 $75,856 13.4 %
Net Income Attributable to Comcast$4,035 $2,019 99.8 %$11,102 $7,154 55.2 %
Adjusted Net Income1
$4,038 $3,000 34.6 %$11,511 $9,436 22.0 %
Adjusted EBITDA2
$8,957 $7,583 18.1 %$26,297 $23,640 11.2 %
Earnings per Share3
$0.86 $0.44 95.5 %$2.38 $1.55 53.5 %
Adjusted Earnings per Share1
$0.87 $0.65 33.8 %$2.47 $2.04 21.1 %
Net Cash Provided by Operating Activities$6,100 $5,228 16.7 %$21,457 $19,695 8.9 %
Free Cash Flow4
$3,234 $2,289 41.3 %$13,305 $11,580 14.9 %
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.
3rd Quarter 2021 Highlights:
•Consolidated Adjusted EBITDA Increased 18.1% to $9.0 Billion; Adjusted EPS Increased 33.8% to $0.87; Generated Free Cash Flow of $3.2 Billion
•Returned $2.7 Billion to Shareholders Through a Combination of $1.5 Billion in Share Repurchases and $1.2 Billion in Dividend Payments
•Cable Communications Total Customer Relationship Net Additions Were 255,000; Total Broadband Customer Net Additions Were 300,000
•Cable Communications Adjusted EBITDA Increased 10.3% and Adjusted EBITDA per Customer Relationship Increased 5.3%
•Cable Communications Wireless Customer Line Net Additions Were 285,000, the Best Quarterly Result Since Launch in 2017
•NBCUniversal Adjusted EBITDA Increased 48.2% to $1.3 Billion, Including Peacock Losses
•Theme Parks Delivered Its Most Profitable Quarter Since the First Quarter of 2020, Driven by Universal Orlando; Celebrated the Grand Opening of Universal Beijing Resort on September 20th
•Sky Adjusted EBITDA Increased 88.8% to $971 Million; On a Constant Currency Basis, Adjusted EBITDA Increased 76.2%

The following information was filed by Comcast Corp (CMCSA) on Thursday, October 28, 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 (Acquisitions) (Details)
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 22: Published Report Regarding Matters Submitted To Vote Of Security Holders
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: 0001166691-21-000036
Submitted to the SEC: Thu Oct 28 2021 2:16:59 PM EST
Accepted by the SEC: Thu Oct 28 2021
Period: Thursday, September 30, 2021
Industry: Cable And Other Pay Television Services

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