Comcast Corp Files 2024 10-K

Ticker: CCZ · Form: 10-K · Filed: Jan 31, 2025 · CIK: 1166691

Comcast Corp 10-K Filing Summary
FieldDetail
CompanyComcast Corp (CCZ)
Form Type10-K
Filed DateJan 31, 2025
Risk Levellow
Pages15
Reading Time17 min
Key Dollar Amounts$0.01
Sentimentneutral

Sentiment: neutral

Topics: 10-K, annual-report, financials

TL;DR

Comcast's 2024 10-K is in. Full financials and biz details for the year ending Dec 31, 2024, are now public.

AI Summary

Comcast Corporation filed its 2024 10-K on January 31, 2025, reporting on its fiscal year ending December 31, 2024. The company, headquartered in Philadelphia, PA, operates in the Cable & Other Pay Television Services industry. Key financial details and business operations for the fiscal year are outlined in this comprehensive filing.

Why It Matters

This filing provides investors and analysts with a detailed overview of Comcast's financial performance and strategic positioning for the fiscal year 2024, crucial for understanding the company's current health and future prospects.

Risk Assessment

Risk Level: low — This is a standard annual report (10-K) for a large, established public company, providing routine financial disclosures.

Key Numbers

  • 1231 — Fiscal Year End (The report covers the period ending December 31, 2024.)
  • 20250131 — Filing Date (The 10-K was officially filed on January 31, 2025.)

Key Players & Entities

  • Comcast Corp (company) — Filer
  • Philadelphia, PA (location) — Headquarters
  • 20241231 (date) — Fiscal Year End
  • 20250131 (date) — Filing Date

FAQ

What is the primary business of Comcast Corp?

Comcast Corp operates in the Cable & Other Pay Television Services industry, as indicated by its SIC code [4841].

Where is Comcast Corp headquartered?

Comcast Corp is headquartered at One Comcast Center, Philadelphia, PA, 19103-2838.

What is the filing date of this 10-K report?

This 10-K report was filed on January 31, 2025.

What fiscal year does this 10-K report cover?

This 10-K report covers the fiscal year ending December 31, 2024.

What was Comcast's former company name?

Comcast's former company name was AT&T COMCAST CORP, with a date of name change on February 6, 2002.

Filing Stats: 4,364 words · 17 min read · ~15 pages · Grade level 16.9 · Accepted 2025-01-31 16:10:33

Key Financial Figures

  • $0.01 — Which Registered Class A Common Stock, $0.01 par value CMCSA The Nasdaq Stock Mark

Filing Documents

Risk Factors

Item 1A Risk Factors 18

Unresolved Staff Comments

Item 1B Unresolved Staff Comments 25 Item 1C Cybersecurity 26

Properties

Item 2 Properties 27

Legal Proceedings

Item 3 Legal Proceedings 27

Mine Safety Disclosures

Item 4 Mine Safety Disclosures 27 PART II

Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

Item 5 Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 28

[Reserved]

Item 6 [Reserved] 29

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 7 Management's Discussion and Analysis of Financial Condition and Results of Operations 30

Quantitative and Qualitative Disclosures About Market Risk

Item 7A Quantitative and Qualitative Disclosures About Market Risk 54

Comcast Corporation Financial Statements and Supplementary Data

Item 8 Comcast Corporation Financial Statements and Supplementary Data 56

Changes in and Disagreements with Accountants on Accounting and Financial Disclosure

Item 9 Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 92

Controls and Procedures

Item 9A Controls and Procedures 92

Other Information

Item 9B Other Information 92

Disclosure Regarding Foreign Jurisdictions that Prevent Inspections

Item 9C Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 92 PART III

Directors, Executive Officers and Corporate Governance

Item 10 Directors, Executive Officers and Corporate Governance 93

Executive Compensation

Item 11 Executive Compensation 93

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Item 12 Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 94

Certain Relationships and Related Transactions, and Director Independence

Item 13 Certain Relationships and Related Transactions, and Director Independence 94

Principal Accountant Fees and Services

Item 14 Principal Accountant Fees and Services 94 PART IV

Exhibits and Financial Statement Schedules

Item 15 Exhibits and Financial Statement Schedules 95

Form 10-K Summary

Item 16 Form 10-K Summary 98

Signatures

Signatures 99 Explanatory Note This Annual Report on Form 10-K is for the year ended December 31, 2024. This Annual Report on Form 10-K modifies and supersedes documents filed before it. The U.S Securities and Exchange Commission ("SEC") allows us to "incorporate by reference" information that we file with it, which means that we can disclose important information to you by referring you directly to those documents. Information incorporated by reference is considered to be part of this Annual Report on Form 10-K. In addition, information that we file with the SEC in the future will automatically update and supersede information contained in this Annual Report on Form 10-K. Unless indicated otherwise, throughout this Annual Report on Form 10-K, we refer to Comcast and its consolidated subsidiaries, as "Comcast," "we," "us" and "our." Table of Contents This Annual Report on Form 10-K contains trademarks, service marks and trade names owned by us, as well as those owned by others. Numerical information in this report is presented on a rounded basis using actual amounts. Minor differences in totals and percentage calculations may exist due to rounding. Table of Contents Part I

: Business

Item 1: Business We are a global media and technology company that reaches customers, viewers and guests worldwide through the connectivity and platforms services we provide and the content and experiences we create. We deliver broadband, wireless, video and voice services primarily under the Xfinity, Comcast Business, Sky and NOW brands; produce, distribute and stream leading entertainment, sports and news through brands including NBC, Telemundo, Universal, Peacock and Sky; and own and operate Universal theme parks. We operate two primary businesses: Connectivity & Platforms: Contains our broadband, wireless, video and wireline voice businesses in the United States, United Kingdom and Italy (collectively, the "Connectivity & Platforms markets"). Also includes the operations of our Sky-branded entertainment television networks in the United Kingdom and Italy. Our Connectivity & Platforms business is reported in two segments, Residential Connectivity & Platforms and Business Services Connectivity. Content & Experiences: Contains our media and entertainment businesses that produce and distribute entertainment, sports, news and other content for global audiences and that own and operate theme parks and attractions in the United States and Asia. Our Content & Experiences business is reported in three segments, Media, Studios and Theme Parks. In November 2024, we announced our intention to create a new independent publicly traded company ("SpinCo") comprised primarily of a strong portfolio of domestic cable television networks currently within our Media segment, including USA Network, E!, Syfy, MSNBC, CNBC, Oxygen and the Golf Channel along with complementary digital assets including Fandango, Rotten Tomatoes, GolfNow and SportsEngine, through a tax-free spin-off (the "Spin-off"). We are targeting to complete the Spin-off by the end of 2025, subject to the satisfaction of customary conditions, including obtaining final approval from our Board of Directors, satisfac

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