Comcast Details Debt Structure in Jan 25 8-K Filing

TL;DR

**Comcast just updated its debt profile, showing various notes and debentures due from 2026 to 2040.**

AI Summary

Comcast Corporation filed an 8-K on January 25, 2024, to report the results of operations and financial condition, specifically detailing various debt instruments. The filing lists several notes with varying interest rates and maturity dates, such as 0.250% Notes due 2027, 1.500% Notes due 2029, and 1.875% Notes due 2036, along with 2.0% Exchangeable Subordinated Debentures due 2029. This matters to investors as it provides transparency into Comcast's current debt structure, which impacts its financial health and future earnings potential.

Why It Matters

Understanding Comcast's debt obligations is crucial for investors to assess the company's financial leverage and its ability to meet future payments, directly impacting its valuation and risk profile.

Risk Assessment

Risk Level: low — This 8-K filing is purely informational, detailing existing debt instruments without indicating new risks or significant changes to the company's financial standing.

Analyst Insight

A smart investor would use this detailed debt information to update their financial models for Comcast, specifically focusing on the company's interest expense and debt repayment schedule to better forecast future cash flows and assess solvency. This information is foundational for a comprehensive valuation.

Key Numbers

• 0.250% — interest rate (for Notes due 2027 and 2029)
• 1.500% — interest rate (for Notes due 2029)
• 0.750% — interest rate (for Notes due 2032)
• 1.875% — interest rate (for Notes due 2036)
• 1.250% — interest rate (for Notes due 2040)
• 5.50% — interest rate (for Notes due 2029)
• 2.0% — interest rate (for Exchangeable Subordinated Debentures due 2029)
• 2026 — maturity year (for Notes due 0.000%)

Key Players & Entities

• Comcast Corporation (company) — the registrant filing the 8-K
• Pennsylvania (company) — state of incorporation for Comcast Corporation
• 001-32871 (dollar_amount) — Commission File Number
• 27-0000798 (dollar_amount) — IRS Employer Identification No.
• One Comcast Center (company) — address of Principal Executive Offices
• Philadelphia, PA 19103-2838 (company) — address of Principal Executive Offices
• 215-286-1700 (dollar_amount) — registrant's telephone number

FAQ

Key Financial Figures

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

Filing Documents

• cmcsa-20240125.htm (8-K) — 47KB
• ex991-12312023.htm (EX-99.1) — 829KB
• ex992-12312023.htm (EX-99.2) — 15KB
• comcastlogo2a02a.jpg (GRAPHIC) — 8KB
• comcastlogoa17.jpg (GRAPHIC) — 5KB
• 0001166691-24-000005.txt ( ) — 1182KB
• cmcsa-20240125.xsd (EX-101.SCH) — 5KB
• cmcsa-20240125_def.xml (EX-101.DEF) — 19KB
• cmcsa-20240125_lab.xml (EX-101.LAB) — 41KB
• cmcsa-20240125_pre.xml (EX-101.PRE) — 20KB
• cmcsa-20240125_htm.xml (XML) — 10KB

02. Results of Operations and Financial Condition

Item 2.02. Results of Operations and Financial Condition On January 25, 2024, Comcast Corporation ("Comcast") issued a press release reporting the results of its operations for the three and twelve months ended December 31, 2023. The press release is attached hereto as Exhibit 99.1. Exhibit 99.2 sets forth the reasons Comcast believes that presentation of the non-GAAP financial measures contained in the press release provides useful information to investors regarding Comcast's results of operations and financial condition. To the extent material, Exhibit 99.2 also discloses the additional purposes, if any, for which Comcast's management uses these non-GAAP financial measures. A reconciliation of these non-GAAP financial measures with the most directly comparable GAAP financial measures is included in the press release itself. Comcast does not intend for this Item 2.02 or Exhibit 99.1 or Exhibit 99.2 to be treated as "filed" under the Securities Exchange Act of 1934, as amended, or incorporated by reference into its filings under the Securities Act of 1933, as amended.

01. Exhibits

Item 9.01. Exhibits Exhibit Number Description 99.1 Comcast Corporation press release dated January 2 5 , 202 4 . 99.2 Explanation of Non-GAAP and Other Financial Measures. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. COMCAST CORPORATION Date: January 25, 2024 By: /s/ Daniel C. Murdock Daniel C. Murdock Executive Vice President, Chief Accounting Officer and Controller (Principal Accounting Officer)

View Full Filing

View this 8-K filing on SEC EDGAR