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Related Party Transactions

Note 3: Related Party Transactions

In the ordinary course of our business, we enter into transactions with Comcast.

We generate revenue from Comcast primarily from the distribution of our cable network programming and, to a lesser extent, the sale of advertising and our owned programming, and we incur expenses primarily related to various support services provided by Comcast to us.

In 2013, as part of the Comcast cash management process, we and Comcast entered into a revolving credit agreement under which we can borrow up to $3 billion from Comcast and Comcast can borrow up to $3 billion from us. Amounts owed by us to Comcast under the revolving credit agreement, including accrued interest, are presented under the caption “note payable to Comcast” in our condensed consolidated balance sheet. The revolving credit agreement bears interest at floating rates equal to the interest rate under the Comcast and Comcast Cable Communications, LLC revolving credit facility (the “Comcast revolving credit facility”). The interest rate on the Comcast revolving credit facility consists of a base rate plus a borrowing margin that is determined based on Comcast’s credit rating. As of June 30, 2014, the borrowing margin for our London Interbank Offered Rate-based borrowings was 1.00%.

In addition, Comcast is the counterparty to one of our contractual obligations. As of June 30, 2014, the carrying value of the liability associated with this contractual obligation was $383 million.

The following tables present transactions with Comcast and its consolidated subsidiaries that are included in our condensed consolidated financial statements.

Condensed Consolidated Balance Sheet
		June 30,		December 31,
(in millions)		2014			2013
Transactions with Comcast and consolidated subsidiaries
	Receivables, net	$	252	$	228
	Accounts payable and accrued expenses related to trade creditors	$	40	$	56
	Accrued expenses and other current liabilities	$	11	$	37
	Note payable to Comcast	$	1,532	$	799
	Other noncurrent liabilities	$	383	$	383

Condensed Consolidated Statement of Income
			Three Months Ended				Six Months Ended
		June 30				June 30
(in millions)			2014		2013		2014		2013
Transactions with Comcast and consolidated subsidiaries
	Revenue	$	331	$	302	$	685	$	654
	Operating costs and expenses	$	(40)	$	(35)	$	(64)	$	(97)
	Other income (expense)	$	(13)	$	-	$	(22)	$	-

Distributions to NBCUniversal Holdings

In addition to the transactions above, we make distributions to NBCUniversal Holdings on a periodic basis to enable its owners to meet their obligations to pay taxes on taxable income generated by our businesses. We also make quarterly distributions to NBCUniversal Holdings to enable it to make its required quarterly payments to NBCUniversal Enterprise, Inc. (“NBCUniversal Enterprise”) at an initial annual rate of 8.25% on the $9.4 billion aggregate liquidation preference of preferred units. These distributions are presented under the caption “distributions to member” in our condensed consolidated statement of cash flows.

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

Film And Television Costs Disclosure [Text Block]

Film and Television Costs

6 Months Ended

Jun. 30, 2014

Note 5: Film and Television Costs

			June 30,		December 31,
(in millions)			2014		2013
Film Costs:
	Released, less amortization	$	1,356	$	1,630
	Completed, not released		65		70
	In production and in development		1,077		658
			2,498		2,358
Television Costs:
	Released, less amortization		1,165		1,155
	In production and in development		361		370
			1,526		1,525
Programming rights, less amortization			2,089		2,039
			6,113		5,922
Less: Current portion of programming rights			905		928
Film and television costs		$	5,208	$	4,994

Film And Television Costs Disclosure [Text Block]

Note 4: Film and Television Costs

			June 30,		December 31,
(in millions)			2014		2013
Film Costs:
	Released, less amortization	$	1,356	$	1,630
	Completed, not released		65		70
	In production and in development		1,077		658
			2,498		2,358
Television Costs:
	Released, less amortization		1,165		1,155
	In production and in development		361		370
			1,526		1,525
Programming rights, less amortization			2,065		2,003
			6,089		5,886
Less: Current portion of programming rights			889		903
Film and television costs		$	5,200	$	4,983

Investments

6 Months Ended

Jun. 30, 2014

Investments

Note 6: Investments

			June 30,		December 31,
(in millions)			2014		2013
Fair Value Method		$	2,387	$	4,345
Equity Method:
	The Weather Channel		331		333
	Hulu		187		187
	Other		486		469
			1,004		989
Cost Method:
	AirTouch		1,560		1,553
	Other		446		456
			2,006		2,009
Total investments			5,397		7,343
Less: Current investments			2,325		3,573
Noncurrent investments		$	3,072	$	3,770

Investment Income (Loss), Net
		Three Months Ended				Six Months Ended
		June 30				June 30
(in millions)		2014		2013		2014		2013
Gains on sales and exchanges of investments, net		$	90	$	3	$	173	$	38
Investment impairment losses			(19)		(4)		(24)		(13)
Unrealized gains (losses) on securities underlying prepaid
	forward sale agreements		85		247		(28)		852
Mark to market adjustments on derivative component of prepaid
	forward sale agreements and indexed debt instruments		(85)		(239)		32		(841)
Interest and dividend income			28		26		56		56
Other, net			21		(20)		24		(7)
Investment income (loss), net		$	120	$	13	$	233	$	85

Fair Value Method

As of June 30, 2014, the majority of our fair value method investments were equity securities held as collateral that were related to our obligations under prepaid forward sale agreements.

Prepaid Forward Sale Agreements
		June 30,		December 31,
(in millions)		2014		2013
Assets:
	Fair value equity securities held as collateral	$	2,250	$	3,959

Liabilities:
	Obligations under prepaid forward sale agreements	$	470	$	811
	Derivative component of prepaid forward sale agreements		1,586		2,800
Total liabilities		$	2,056	$	3,611

During the six months ended June 30, 2014, we settled $1.5 billion of obligations under certain of our prepaid forward sale agreements by delivering equity securities. As of June 30, 2014, our remaining prepaid forward sale obligations had an estimated fair value of $2.1 billion. The estimated fair value is based on Level 2 inputs using pricing models whose inputs are derived primarily from or corroborated by observable market data through correlation or other means for substantially the full term of the financial instrument.

Cost Method

AirTouch

We hold two series of preferred stock of AirTouch Communications, Inc. (“AirTouch”), a subsidiary of Verizon Communications Inc., which are redeemable in April 2020. As of June 30, 2014, the estimated fair values of the AirTouch preferred stock and the associated liability related to the redeemable preferred shares issued by one of our consolidated subsidiaries were each $1.7 billion. The estimated fair values are based on Level 2 inputs using pricing models whose inputs are derived primarily from or corroborated by observable market data through correlation or other means for substantially the full term of the financial instrument.

Investments

Note 5: Investments

			June 30,		December 31,
(in millions)			2014		2013
Fair Value Method		$	19	$	11
Equity Method:
	The Weather Channel		331		333
	Hulu		187		187
	Other		333		332
			851		852
Cost Method			19		21
Total investments			889		884
Less: Current investments			8		-
Noncurrent Investments		$	881	$	884

Long-Term Debt	6 Months Ended
Long-Term Debt	Jun. 30, 2014
Long-Term Debt	Note 7: Long-Term Debt As of June 30, 2014, our debt had a carrying value of $46.5 billion and an estimated fair value of $52.6 billion. The estimated fair value of our publicly traded debt is based on Level 1 inputs using quoted market values for the debt. The estimated fair value of debt for which there are no quoted market prices is based on Level 2 inputs using interest rates available to us for debt with similar terms and remaining maturities. Debt Borrowings and Repayments In February 2014, we issued $1.2 billion aggregate principal amount of 3.60% senior notes due 2024 and $1 billion aggregate principal amount of 4.75% senior notes due 2044. The proceeds from this offering were used for working capital and general corporate purposes, including the repayment of a portion of our outstanding commercial paper and our $900 million aggregate principal amount of 2.10% senior notes due April 2014 at maturity. In January 2014, we repaid at maturity $1 billion aggregate principal amount of 5.30% senior notes due 2014. In February 2014, we repaid $1.25 billion of borrowings outstanding under NBCUniversal Enterprise Inc.’s (“NBCUniversal Enterprise”) revolving credit facility with the proceeds from $990 million of borrowings under its new commercial paper program and cash on hand. Revolving Credit Facilities As of June 30, 2014, amounts available under our consolidated revolving credit facilities, net of amounts outstanding under our commercial paper programs and outstanding letters of credit, totaled $6.3 billion, which included $340 million available under NBCUniversal Enterprise’s revolving credit facility. Commercial Paper Programs In February 2014, NBCUniversal Enterprise entered into a commercial paper program. The maximum borrowing capacity under this commercial paper program is $1.35 billion, and it is supported by NBCUniversal Enterprise’s existing $1.35 billion revolving credit facility due March 2018. The commercial paper program is fully and unconditionally guaranteed by us and our 100% owned cable holding company subsidiaries, Comcast Cable Communications, LLC (“CCCL Parent”), Comcast MO Group, Inc. (“Comcast MO Group”), Comcast Cable Holdings, LLC (“CCH”) and Comcast MO of Delaware, LLC (“Comcast MO of Delaware”) (collectively, the “cable guarantors”). As of June 30, 2014, NBCUniversal Enterprise had $1 billion face amount of commercial paper outstanding.
NBCUniversal Media, LLC [Member]
Long-Term Debt	Note 6: Long-Term Debt As of June 30, 2014, our debt, excluding the note payable to Comcast, had a carrying value of $10.3 billion and an estimated fair value of $11.4 billion. The estimated fair value of our publicly traded debt is based on Level 1 inputs using quoted market values for the debt. The estimated fair value of debt for which there are no quoted market prices is based on Level 2 inputs using interest rates available to us for debt with similar terms and remaining maturities. Debt Repayments In April 2014, we repaid $900 million aggregate principal amount of 2.10% senior notes due April 2014 at maturity. Cross-Guarantee Structure In 2013, we, Comcast and certain of Comcast’s 100% owned cable holding company subsidiaries (the “cable guarantors”) entered into a series of agreements and supplemental indentures to include us as a part of Comcast’s existing cross-guarantee structure. As members of the cross-guarantee structure, Comcast and the cable guarantors fully and unconditionally guarantee our public debt securities, and we fully and unconditionally guarantee all of Comcast’s and the cable guarantors’ public debt securities. As of June 30, 2014, we guaranteed $30.7 billion of outstanding debt securities of Comcast and the cable guarantors. We also fully and unconditionally guarantee the $6.25 billion Comcast revolving credit facility due 2017, of which no amounts were outstanding as of June 30, 2014. We do not, however, guarantee the obligations of NBCUniversal Enterprise with respect to its $4 billion aggregate principal amount of senior notes, $1.35 billion revolving credit facility and associated commercial paper program, or $725 million liquidation preference of Series A cumulative preferred stock.

Fair Value Measurements

6 Months Ended

Jun. 30, 2014

Fair Value Measurements

Note 8: Fair Value Measurements

The accounting guidance related to financial assets and financial liabilities (“financial instruments”) establishes a hierarchy that prioritizes fair value measurements based on the types of inputs used for the various valuation techniques (market approach, income approach and cost approach). Level 1 consists of financial instruments whose values are based on quoted market prices for identical financial instruments in an active market. Level 2 consists of financial instruments that are valued using models or other valuation methodologies. These models use inputs that are observable either directly or indirectly. Level 3 consists of financial instruments whose values are determined using pricing models that use significant inputs that are primarily unobservable, discounted cash flow methodologies or similar techniques, as well as financial instruments for which the determination of fair value requires significant management judgment or estimation. Our financial instruments that are accounted for at fair value on a recurring basis are presented in the table below.

Recurring Fair Value Measures
		Fair Value as of
		June 30, 2014								December 31, 2013
(in millions)			Level 1		Level 2		Level 3		Total		Total
Assets
Trading securities		$	2,248	$	-	$	-	$	2,248	$	3,956
Available-for-sale securities			9		119		10		138		389
Interest rate swap agreements			-		108		-		108		110
Other			-		78		1		79		81
Total		$	2,257	$	305	$	11	$	2,573	$	4,536
Liabilities
Derivative component of prepaid forward sale agreements
	and indexed debt instruments	$	-	$	1,600	$	-	$	1,600	$	2,816
Contractual obligation			-		-		788		788		747
Contingent consideration			-		-		664		664		684
Other			-		12		-		12		16
Total		$	-	$	1,612	$	1,452	$	3,064	$	4,263

Fair Value of Redeemable Subsidiary Preferred Stock Financial Instrument

As of June 30, 2014, the fair value of the NBCUniversal Enterprise redeemable subsidiary preferred stock was $759 million. The estimated fair value is based on Level 2 inputs using pricing models whose inputs are derived primarily from or corroborated by observable market data through correlation or other means for substantially the full term of the financial instrument.

Contractual Obligation and Contingent Consideration

The estimated fair values of the contractual obligation and contingent consideration in the table above are primarily based on certain expected future discounted cash flows, the determination of which involves the use of significant unobservable inputs. The most significant unobservable inputs we use include our estimates of the future revenue we expect to generate from certain NBCUniversal businesses, which are related to our contractual obligation, and future net tax benefits that will affect payments to General Electric Company (“GE”), which are related to contingent consideration. The discount rates used in the measurements of fair value were between 5% and 13% and are based on the underlying risk associated with our estimate of future revenue, the terms of the respective contracts, and the uncertainty in the timing of our payments to GE. The fair value adjustments to contractual obligation and contingent consideration are sensitive to the assumptions related to future revenue and tax benefits, respectively, as well as to current interest rates, and therefore, the adjustments are recorded to other income (expense), net in our condensed consolidated statement of income.

Changes in Contractual Obligation and Contingent Consideration
(in millions)		Contractual Obligation		Contingent Consideration
Balance, December 31, 2013	$	747	$	684
Fair value adjustments		68		16
Payments		(27)		(36)
Balance, June 30, 2014	$	788	$	664

Fair Value Measurements

Note 7: Fair Value Measurements

Our financial instruments that are accounted for at fair value on a recurring basis were not material for all periods presented, except for the liability associated with our contractual obligation. The estimated fair value of the contractual obligation is primarily based on certain expected future discounted cash flows, the determination of which involves the use of significant unobservable inputs. As the inputs used are not quoted market prices or observable inputs, we classify the contractual obligation as a Level 3 financial instrument.

The most significant unobservable inputs we use include our estimates of the future revenue we expect to generate from certain of our businesses. The discount rates used in the measurement of fair value were between 12% and 13% and are based on the underlying risk associated with our estimate of future revenue and the terms of the respective contract. The fair value adjustments to the contractual obligation are sensitive to the assumptions related to future revenue, as well as to current interest rates, and therefore, the adjustments are recorded to other income (expense), net in our condensed consolidated statement of income.

Changes in Contractual Obligation
(in millions)		Contractual Obligation
Balance, December 31, 2013	$	747
Fair value adjustments		68
Payments		(27)
Balance, June 30, 2014	$	788

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

Share-Based Compensation

6 Months Ended

Jun. 30, 2014

Share-Based Compensation

Note 9: Share-Based Compensation

Our share-based compensation primarily consists of awards of stock options and RSUs to certain employees and directors as part of our approach to long-term incentive compensation. Additionally, through our employee stock purchase plans, employees are able to purchase shares of Comcast Class A common stock at a discount through payroll deductions.

In March 2014, we granted 16.4 million stock options and 5.4 million RSUs related to our annual management awards. The weighted-average fair values associated with these grants were $11.09 per stock option and $46.57 per RSU.

Recognized Share-Based Compensation Expense
	Three Months Ended				Six Months Ended
	June 30				June 30
(in millions)	2014		2013		2014		2013
Stock options	$	47	$	36	$	83	$	68
Restricted share units		68		48		116		86
Employee stock purchase plans		7		5		13		11
Total	$	122	$	89	$	212	$	165

As of June 30, 2014, we had unrecognized pretax compensation expense of $392 million and $529 million related to nonvested stock options and nonvested RSUs, respectively.

Supplemental Financial Information

Share-Based Compensation

Note 8: Share-Based Compensation

Comcast maintains share-based compensation plans that primarily consist of awards of stock options and restricted share units (“RSUs”) to certain employees and directors as part of its approach to long-term incentive compensation. Additionally, through Comcast’s employee stock purchase plans, employees are able to purchase shares of its Class A common stock at a discount through payroll deductions. Certain of our employees participate in these plans and the expense associated with their participation is settled in cash with Comcast.

Recognized Share-Based Compensation Expense
	Three Months Ended				Six Months Ended
	June 30				June 30
(in millions)	2014		2013		2014		2013
Stock options	$	6	$	4	$	9	$	7
Restricted share units		24		12		37		19
Employee stock purchase plans		2		1		4		3
Total	$	32	$	17	$	50	$	29

Supplemental Financial Information

6 Months Ended

Jun. 30, 2014

Note 10: Supplemental Financial Information

Receivables
	June 30,		December 31,
(in millions)	2014		2013
Receivables, gross	$	6,749	$	6,972
Less: Allowance for returns and customer incentives		290		375
Less: Allowance for doubtful accounts		227		221
Receivables, net	$	6,232	$	6,376

Accumulated Other Comprehensive Income (Loss)
	June 30,		June 30,
(in millions)	2014		2013
Unrealized gains (losses) on marketable securities	$	4	$	277
Deferred gains (losses) on cash flow hedges		(63)		(54)
Unrecognized gains (losses) on employee benefit obligations		70		(107)
Cumulative translation adjustments		(25)		(39)
Accumulated other comprehensive income (loss), net of deferred taxes	$	(14)	$	77

Net Cash Provided by Operating Activities
		Six Months Ended
		June 30
(in millions)		2014		2013
Net income		$	3,963	$	3,389
Adjustments to reconcile net income to net cash provided by operating activities:
	Depreciation and amortization		3,970		3,957
	Share-based compensation		266		213
	Noncash interest expense (income), net		87		81
	Equity in net (income) losses of investees, net		(54)		(34)
	Cash received from investees		50		72
	Net (gain) loss on investment activity and other		(113)		(91)
	Deferred income taxes		(22)		87
Changes in operating assets and liabilities, net of effects of acquisitions and divestitures:
	Current and noncurrent receivables, net		60		58
	Film and television costs, net^(a)		(28)		750
	Accounts payable and accrued expenses related to trade creditors		(168)		(87)
	Other operating assets and liabilities		(464)		(710)
Net cash provided by operating activities		$	7,547	$	7,685

Comprised of additions to our film and television cost assets of $5,007 million and $3,330 million, net of film and television cost amortization of $4,979 million and $4,080 million in 2014 and 2013, respectively.

Cash Payments for Interest and Income Taxes
	Three Months Ended				Six Months Ended
	June 30				June 30
(in millions)		2014		2013		2014		2013
Interest	$	541	$	515	$	1,164	$	1,132
Income taxes	$	1,718	$	1,761	$	1,904	$	2,222

Noncash Investing and Financing Activities

During the six months ended June 30, 2014:

• we acquired $879 million of property and equipment and intangible assets that were accrued but unpaid

• we recorded a liability of $583 million for a quarterly cash dividend of $0.225 per common share paid in July 2014

• we used $1.5 billion of equity securities to settle our obligations under prepaid forward sale agreements

Supplemental Financial Information

Note 9: Supplemental Financial Information

Receivables
	June 30,		December 31,
(in millions)	2014		2013
Receivables, gross	$	5,022	$	5,348
Less: Allowance for returns and customer incentives		288		372
Less: Allowance for doubtful accounts		66		65
Receivables, net	$	4,668	$	4,911

Accumulated Other Comprehensive Income (Loss)
	June 30,		June 30,
(in millions)	2014		2013
Unrealized gains (losses) on marketable securities	$	5	$	-
Deferred gains (losses) on cash flow hedges		(7)		-
Unrecognized gains (losses) on employee benefit obligations		45		(51)
Cumulative translation adjustments		(38)		(60)
Accumulated other comprehensive income (loss), net of deferred taxes	$	5	$	(111)

Net Cash Provided by Operating Activities
		Six Months Ended
		June 30
(in millions)		2014		2013
Net income		$	1,583	$	1,041
Adjustments to reconcile net income to net cash provided by operating activities:
	Depreciation and amortization		735		693
	Share-based compensation		-		7
	Equity in net (income) losses of investees, net		(29)		(27)
	Cash received from investees		35		58
	Net (gain) loss on investment activity and other		45		61
	Deferred income taxes		44		2
Changes in operating assets and liabilities, net of effects of acquisitions and divestitures:
	Current and noncurrent receivables, net		154		26
	Film and television costs, net^(a)		(40)		726
	Accounts payable and accrued expenses related to trade creditors		(280)		(198)
	Other operating assets and liabilities		(458)		113
Net cash provided by operating activities		$	1,789	$	2,502

Comprised of additions to our film and television cost assets of $4,999 million and $3,319 million, net of film and television cost amortization of $4,959 million and $4,045 million in 2014 and 2013, respectively.

Cash Payments for Interest and Income Taxes
	Three Months Ended				Six Months Ended
	June 30				June 30
(in millions)		2014		2013		2014		2013
Interest	$	220	$	204	$	256	$	224
Income taxes	$	57	$	47	$	110	$	102

Noncash Investing and Financing Activities

During the six months ended June 30, 2014:

• we acquired $198 million of property and equipment and intangible assets that were accrued but unpaid

Commitments and Contingencies

6 Months Ended

Jun. 30, 2014

Commitments and Contingencies

Note 11: Commitments and Contingencies

Contingencies

Antitrust Cases

We are defendants in two purported class actions originally filed in December 2003 in the United States District Courts for the District of Massachusetts and the Eastern District of Pennsylvania. The potential class in the Massachusetts case, which has been transferred to the Eastern District of Pennsylvania, is our customer base in the “Boston Cluster” area, and the potential class in the Pennsylvania case is our customer base in the “Philadelphia and Chicago Clusters,” as those terms are defined in the complaints. In each case, the plaintiffs allege that certain customer exchange transactions with other cable providers resulted in unlawful horizontal market restraints in those areas and seek damages under antitrust statutes, including treble damages.

Classes of Chicago Cluster and Philadelphia Cluster customers were certified in October 2007 and January 2010, respectively. We appealed the class certification in the Philadelphia Cluster case to the Third Circuit Court of Appeals, which affirmed the class certification in August 2011. In June 2012, the U.S. Supreme Court granted our petition to review the Third Circuit Court of Appeals’ ruling and in March 2013, the Supreme Court ruled that the class had been improperly certified and reversed the judgment of the Third Circuit. The matter has been returned to the District Court for action consistent with the Supreme Court’s opinion. In August 2013, the plaintiffs in the Philadelphia Cluster case moved to certify a new, smaller class, which we opposed in January 2014. The parties have been discussing possible resolution of the Philadelphia Cluster case. Accordingly, in February 2014, the plaintiff filed an unopposed motion to stay the case, which the District Court granted. In April 2014, the District Court granted our unopposed motion to de-certify the Chicago Cluster class and the plaintiffs’ unopposed motion to amend the Pennsylvania case so as to dismiss claims relating to the Chicago Cluster. In April 2014, lead counsel for the Boston Cluster cases withdrew, and in June 2014, new counsel requested the Boston Cluster cases be transferred to the federal court in Boston, which we have opposed.

In addition, we are the defendant in 22 purported class actions filed in federal district courts throughout the country. All of these actions have been consolidated by the Judicial Panel on Multidistrict Litigation in the United States District Court for the Eastern District of Pennsylvania for pre-trial proceedings. In a consolidated complaint filed in November 2009 on behalf of all plaintiffs in the multidistrict litigation, the plaintiffs allege that we improperly “tie” the rental of set-top boxes to the provision of premium cable services in violation of Section 1 of the Sherman Antitrust Act, various state antitrust laws and unfair/deceptive trade practices acts in California, Illinois and Alabama. The plaintiffs also allege a claim for unjust enrichment and seek relief on behalf of a nationwide class of our premium cable customers and on behalf of subclasses consisting of premium cable customers from California, Alabama, Illinois, Pennsylvania and Washington. In January 2010, we moved to compel arbitration of the plaintiffs’ claims for unjust enrichment and violations of the unfair/deceptive trade practices acts of Illinois and Alabama. In September 2010, the plaintiffs filed an amended complaint alleging violations of additional state antitrust laws and unfair/deceptive trade practices acts on behalf of new subclasses in Connecticut, Florida, Minnesota, Missouri, New Jersey, New Mexico and West Virginia. In the amended complaint, plaintiffs omitted their unjust enrichment claim, as well as their state law claims on behalf of the Alabama, Illinois and Pennsylvania subclasses. In June 2011, the plaintiffs filed another amended complaint alleging only violations of Section 1 of the Sherman Antitrust Act, antitrust law in Washington and unfair/deceptive trade practices acts in California and Washington. The plaintiffs seek relief on behalf of a nationwide class of our premium cable customers and on behalf of subclasses consisting of premium cable customers from California and Washington. In July 2011, we moved to compel arbitration of most of the plaintiffs’ claims and to stay the remaining claims pending arbitration. The West Virginia Attorney General also filed a complaint in West Virginia state court in July 2009 alleging that we improperly “tie” the rental of set-top boxes to the provision of digital cable services in violation of the West Virginia Antitrust Act and the West Virginia Consumer Credit and Protection Act. The Attorney General also alleges a claim for unjust enrichment/restitution. We removed the case to the United States District Court for West Virginia, and it was subsequently transferred to the United States District Court for the Eastern District of Pennsylvania and consolidated with the multidistrict litigation described above. In June 2013, a comprehensive settlement agreement for all 23 cases was submitted to the District Court for preliminary approval. Regardless of whether this settlement agreement is approved, we do not expect these cases to have a material effect on our results of operations, cash flows or financial position.

We believe the claims in each of the pending actions described above in this item are without merit, except as otherwise set forth above, and intend to defend the actions vigorously. We cannot predict the outcome of any of the actions described above, including a range of possible loss, or how the final resolution of any such actions would impact our results of operations or cash flows for any one period or our financial position. In addition, as any action nears a trial, there is an increased possibility that the action may be settled by the parties. Nevertheless, the final disposition of any of the above actions is not expected to have a material adverse effect on our consolidated financial position, but could possibly be material to our consolidated results of operations or cash flows for any one period.

Other

We are a defendant in several unrelated lawsuits claiming infringement of various patents relating to various aspects of our businesses. In certain of these cases other industry participants are also defendants, and also in certain of these cases we expect that any potential liability would be in part or in whole the responsibility of our equipment and technology vendors under applicable contractual indemnification provisions. We are also subject to other legal proceedings and claims that arise in the ordinary course of our business. While the amount of ultimate liability with respect to such actions is not expected to materially affect our results of operations, cash flows or financial position, any litigation resulting from any such legal proceedings or claims could be time consuming, costly and injure our reputation.

Financial Data by Business Segment

6 Months Ended

Jun. 30, 2014

Note 12: Financial Data by Business Segment

We present our operations in five reportable business segments:

• Cable Communications: Consists of the operations of Comcast Cable, which is the nation’s largest provider of video, high-speed Internet and voice services (“cable services”) to residential customers under the XFINITY brand, and we also provide similar services to businesses and sell advertising.

• Cable Networks: Consists primarily of our national cable networks, our regional sports networks, our international cable networks and our cable television production operations.

• Broadcast Television: Consists primarily of the NBC and Telemundo broadcast networks, our NBC and Telemundo owned local broadcast television stations, and our broadcast television production operations.

• Filmed Entertainment: Consists primarily of the studio operations of Universal Pictures, which produces, acquires, markets and distributes filmed entertainment worldwide.

• Theme Parks: Consists primarily of our Universal theme parks in Orlando and Hollywood.

In evaluating the profitability of our operating segments, the components of net income (loss) below operating income (loss) before depreciation and amortization are not separately evaluated by our management. Our financial data by business segment is presented in the tables below.

		Three Months Ended June 30, 2014
(in millions)			Revenue^(e)		Operating Income (Loss) Before Depreciation and Amortization^(f)		Depreciation and Amortization		Operating Income (Loss)		Capital Expenditures
Cable Communications^(a)		$	11,029	$	4,564	$	1,604	$	2,960	$	1,493
NBCUniversal
	Cable Networks^(b)		2,476		914		180		734		8
	Broadcast Television		1,816		240		27		213		26
	Filmed Entertainment^(b)		1,176		195		5		190		3
	Theme Parks		615		244		73		171		158
	Headquarters and Other^(c)		4		(159)		85		(244)		103
	Eliminations^(d)		(71)		-		-		-		-
NBCUniversal			6,016		1,434		370		1,064		298
Corporate and Other			172		(182)		26		(208)		7
Eliminations^(d)			(373)		(12)		-		(12)		-
Comcast Consolidated		$	16,844	$	5,804	$	2,000	$	3,804	$	1,798

		Three Months Ended June 30, 2013
(in millions)			Revenue^(e)		Operating Income (Loss) Before Depreciation and Amortization^(f)		Depreciation and Amortization		Operating Income (Loss)		Capital Expenditures
Cable Communications^(a)		$	10,467	$	4,335	$	1,623	$	2,712	$	1,240
NBCUniversal
	Cable Networks^(b)		2,413		860		182		678		24
	Broadcast Television		1,732		206		26		180		9
	Filmed Entertainment^(b)		1,388		33		3		30		1
	Theme Parks		546		231		73		158		147
	Headquarters and Other^(c)		9		(137)		65		(202)		79
	Eliminations^(d)		(93)		(2)		-		(2)		-
NBCUniversal			5,995		1,191		349		842		260
Corporate and Other			136		(119)		17		(136)		6
Eliminations^(d)			(328)		18		1		17		-
Comcast Consolidated		$	16,270	$	5,425	$	1,990	$	3,435	$	1,506

		Six Months Ended June 30, 2014
(in millions)			Revenue^(e)		Operating Income (Loss) Before Depreciation and Amortization^(f)		Depreciation and Amortization		Operating Income (Loss)		Capital Expenditures
Cable Communications^(a)		$	21,786	$	8,964	$	3,188	$	5,776	$	2,638
NBCUniversal
	Cable Networks^(b)		4,981		1,809		369		1,440		19
	Broadcast Television		4,437		362		54		308		37
	Filmed Entertainment^(b)		2,527		483		10		473		4
	Theme Parks		1,102		414		142		272		302
	Headquarters and Other^(c)		6		(322)		160		(482)		227
	Eliminations^(d)		(161)		(1)		-		(1)		-
NBCUniversal			12,892		2,745		735		2,010		589
Corporate and Other			346		(335)		47		(382)		19
Eliminations^(d)			(772)		(32)		-		(32)		-
Comcast Consolidated		$	34,252	$	11,342	$	3,970	$	7,372	$	3,246

		Six Months Ended June 30, 2013
(in millions)			Revenue^(e)		Operating Income (Loss) Before Depreciation and Amortization^(f)		Depreciation and Amortization		Operating Income (Loss)		Capital Expenditures
Cable Communications^(a)		$	20,684	$	8,554	$	3,231	$	5,323	$	2,334
NBCUniversal
	Cable Networks^(b)		4,638		1,719		366		1,353		48
	Broadcast Television		3,249		171		51		120		17
	Filmed Entertainment^(b)		2,604		102		7		95		3
	Theme Parks		1,008		404		145		259		285
	Headquarters and Other^(c)		18		(249)		124		(373)		170
	Eliminations^(d)		(182)		(3)		-		(3)		-
NBCUniversal			11,335		2,144		693		1,451		523
Corporate and Other			298		(202)		32		(234)		10
Eliminations^(d)			(737)		(37)		1		(38)		-
Comcast Consolidated		$	31,580	$	10,459	$	3,957	$	6,502	$	2,867

For the three and six months ended June 30, 2014 and 2013, Cable Communications segment revenue was derived from the following sources:

		Three Months Ended				Six Months Ended
		June 30				June 30
		2014		2013		2014		2013
Residential:
	Video	47.5	%	49.4	%	47.8	%	49.7	%
	High-speed Internet	25.6	%	24.5	%	25.6	%	24.6	%
	Voice	8.4	%	8.7	%	8.5	%	8.8	%
Business services		8.7	%	7.5	%	8.6	%	7.4	%
Advertising		5.4	%	5.3	%	5.1	%	5.1	%
Other		4.4	%	4.6	%	4.4	%	4.4	%
Total		100	%	100	%	100	%	100	%

Subscription revenue received from customers who purchase bundled services at a discounted rate is allocated proportionally to each service based on the individual service’s price on a stand-alone basis.

For both the three and six months ended June 30, 2014, 2.8% of Cable Communications segment revenue was derived from franchise and other regulatory fees. For the three and six months ended June 30, 2013, 2.8% and 2.9%, respectively, of Cable Communications segment revenue was derived from franchise and other regulatory fees.

Beginning in 2014, Fandango, our movie ticketing and entertainment business that was previously presented in our Cable Networks segment, is now presented in the Filmed Entertainment segment to reflect the change in our management reporting presentation. Due to immateriality, prior period amounts have not been adjusted. The change in presentation resulted in the reclassification of $195 million of goodwill from our Cable Networks segment to our Filmed Entertainment segment.

NBCUniversal Headquarters and Other activities includes costs associated with overhead, allocations, personnel costs and headquarter initiatives.

Included in Eliminations are transactions that our segments enter into with one another. The most common types of transactions are the following:

our Cable Networks and Broadcast Television segments generate revenue by selling programming to our Cable Communications segment, which represents a substantial majority of the revenue elimination amount

our Cable Communications segment generates revenue by selling advertising and by selling the use of satellite feeds to our Cable Networks segment

our Filmed Entertainment and Broadcast Television segments generate revenue by licensing content to our Cable Networks segment

our Cable Communications segment receives incentives offered by our Cable Networks segment in connection with its distribution of the Cable Networks’ content that are recorded as a reduction to programming expenses

No single customer accounted for a significant amount of revenue in any period.

We use operating income (loss) before depreciation and amortization, excluding impairment charges related to fixed and intangible assets and gains or losses on the sale of assets, if any, as the measure of profit or loss for our operating segments. This measure eliminates the significant level of noncash depreciation and amortization expense that results from the capital-intensive nature of certain of our businesses and from intangible assets recognized in business combinations. Additionally, it is unaffected by our capital structure or investment activities. We use this measure to evaluate our consolidated operating performance and the operating performance of our operating segments and to allocate resources and capital to our operating segments. It is also a significant performance measure in our annual incentive compensation programs. We believe that this measure is useful to investors because it is one of the bases for comparing our operating performance with that of other companies in our industries, although our measure may not be directly comparable to similar measures used by other companies. This measure should not be considered a substitute for operating income (loss), net income (loss) attributable to Comcast Corporation, net cash provided by operating activities, or other measures of performance or liquidity we have reported in accordance with GAAP.

Note 10: Financial Data by Business Segment

We present our operations in four reportable business segments:

• Cable Networks: Consists primarily of our national cable networks, our regional sports networks, our international cable networks and our cable television production operations.

• Filmed Entertainment: Consists primarily of the studio operations of Universal Pictures, which produces, acquires, markets and distributes filmed entertainment worldwide.

• Theme Parks: Consists primarily of our Universal theme parks in Orlando and Hollywood.

		Three Months Ended June 30, 2014
(in millions)			Revenue^(d)		Operating Income (Loss) Before Depreciation and Amortization^(e)		Depreciation and Amortization		Operating Income (Loss)		Capital Expenditures
	Cable Networks^(a)	$	2,476	$	914	$	180	$	734	$	8
	Broadcast Television		1,816		240		27		213		26
	Filmed Entertainment^(a)		1,176		195		5		190		3
	Theme Parks		615		244		73		171		158
	Headquarters and Other^(b)		4		(159)		85		(244)		103
	Eliminations^(c)		(71)		-		-		-		-
Total		$	6,016	$	1,434	$	370	$	1,064	$	298

		Three Months Ended June 30, 2013
(in millions)			Revenue^(d)		Operating Income (Loss) Before Depreciation and Amortization^(e)		Depreciation and Amortization		Operating Income (Loss)		Capital Expenditures
	Cable Networks^(a)	$	2,413	$	860	$	182	$	678	$	24
	Broadcast Television		1,732		206		26		180		9
	Filmed Entertainment^(a)		1,388		33		3		30		1
	Theme Parks		546		231		73		158		147
	Headquarters and Other^(b)		9		(137)		65		(202)		79
	Eliminations^(c)		(93)		(2)		-		(2)		-
Total		$	5,995	$	1,191	$	349	$	842	$	260

	Six Months Ended June 30, 2014
(in millions)		Revenue^(d)		Operating Income (Loss) Before Depreciation and Amortization^(e)		Depreciation and Amortization		Operating Income (Loss)		Capital Expenditures
Cable Networks^(a)	$	4,981	$	1,809	$	369	$	1,440	$	19
Broadcast Television		4,437		362		54		308		37
Filmed Entertainment^(a)		2,527		483		10		473		4
Theme Parks		1,102		414		142		272		302
Headquarters and Other^(b)		6		(322)		160		(482)		227
Eliminations^(c)		(161)		(1)		-		(1)		-
Total	$	12,892	$	2,745	$	735	$	2,010	$	589

	Six Months Ended June 30, 2013
(in millions)		Revenue^(d)		Operating Income (Loss) Before Depreciation and Amortization^(e)		Depreciation and Amortization		Operating Income (Loss)		Capital Expenditures
Cable Networks^(a)	$	4,638	$	1,719	$	366	$	1,353	$	48
Broadcast Television		3,249		171		51		120		17
Filmed Entertainment^(a)		2,604		102		7		95		3
Theme Parks		1,008		404		145		259		285
Headquarters and Other^(b)		18		(249)		124		(373)		170
Eliminations^(c)		(182)		(3)		-		(3)		-
Total	$	11,335	$	2,144	$	693	$	1,451	$	523

Beginning in 2014, Fandango, our movie ticketing and entertainment business that was previously presented in our Cable Networks segment, is now presented in the Filmed Entertainment segment to reflect the change in our current management reporting presentation. Due to immateriality, prior period amounts have not been adjusted. The change in presentation resulted in the reclassification of $195 million of goodwill from our Cable Networks segment to our Filmed Entertainment segment.
Headquarters and Other activities include costs associated with overhead, personnel costs and headquarter initiatives.
Included in Eliminations are transactions that our segments enter into with one another, which consist primarily of the licensing of film and television content from our Filmed Entertainment and Broadcast Television segments to our Cable Networks segment.
No single customer accounted for a significant amount of revenue in any period.
We use operating income (loss) before depreciation and amortization, excluding impairment charges related to fixed and intangible assets and gains or losses on the sale of assets, if any, as the measure of profit or loss for our operating segments. This measure eliminates the significant level of noncash amortization expense that results from intangible assets recognized in business combinations. Additionally, it is unaffected by our capital structure or investment activities. We use this measure to evaluate our consolidated operating performance and the operating performance of our operating segments and to allocate resources and capital to our operating segments. It is also a significant performance measure in our annual incentive compensation programs. We believe that this measure is useful to investors because it is one of the bases for comparing our operating performance with that of other companies in our industries, although our measure may not be directly comparable to similar measures used by other companies. This measure should not be considered a substitute for operating income (loss), net income (loss) attributable to NBCUniversal, net cash provided by operating activities, or other measures of performance or liquidity we have reported in accordance with GAAP.

Condensed Consolidating Financial Information [Abstract]

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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+ Details

Condensed Consolidating Financial Information

6 Months Ended

Jun. 30, 2014

Condensed Consolidating Financial Information

Note 13: Condensed Consolidating Financial Information

Comcast Corporation (“Comcast Parent”), our cable guarantors and NBCUniversal Media, LLC (referred to as “NBCUniversal Media Parent” in the tables below) have fully and unconditionally guaranteed each other’s debt securities. Comcast MO Group, CCH and Comcast MO of Delaware are collectively referred to as the “Combined CCHMO Parents.”

Comcast Parent and the cable guarantors also fully and unconditionally guarantee NBCUniversal Enterprise’s $4 billion aggregate principal amount of senior notes, its $1.35 billion revolving credit facility due March 2018 and the associated commercial paper program. NBCUniversal Media Parent does not guarantee the NBCUniversal Enterprise senior notes, credit facility or commercial paper program.

Comcast Parent provides an unconditional subordinated guarantee of the $185 million principal amount currently outstanding of Comcast Holdings’ ZONES due October 2029. Neither the cable guarantors nor NBCUniversal Media Parent guarantee the Comcast Holdings’ ZONES due October 2029. None of Comcast Parent, the cable guarantors nor NBCUniversal Media Parent guarantee the $62 million principal amount currently outstanding of Comcast Holdings’ ZONES due November 2029.

Condensed Consolidating Balance Sheet
June 30, 2014

(in millions)			Comcast Parent		Comcast Holdings		CCCL Parent		Combined CCHMO Parents		NBCUniversal Media Parent		Non- Guarantor Subsidiaries		Elimination and Consolidation Adjustments		Consolidated Comcast Corporation
Assets
	Cash and cash equivalents	$	-	$	-	$	-	$	-	$	307	$	1,222	$	-	$	1,529
	Investments		-		-		-		-		8		2,317		-		2,325
	Receivables, net		-		-		-		-		-		6,232		-		6,232
	Programming rights		-		-		-		-		-		905		-		905
	Other current assets		227		-		-		-		35		1,519		-		1,781
Total current assets			227		-		-		-		350		12,195		-		12,772
Film and television costs			-		-		-		-		-		5,208		-		5,208
Investments			21		-		-		-		374		2,677		-		3,072
Investments in and amounts due from subsidiaries eliminated upon consolidation			81,329		100,649		107,347		57,057		40,511		91,705		(478,598)		-
Property and equipment, net			209		-		-		-		-		29,761		-		29,970
Franchise rights			-		-		-		-		-		59,364		-		59,364
Goodwill			-		-		-		-		-		27,323		-		27,323
Other intangible assets, net			10		-		-		-		-		17,223		-		17,233
Other noncurrent assets, net			1,179		148		-		-		97		2,065		(972)		2,517
Total assets		$	82,975	$	100,797	$	107,347	$	57,057	$	41,332	$	247,521	$	(479,570)	$	157,459

Liabilities and Equity
	Accounts payable and accrued expenses related to trade creditors	$	11	$	-	$	-	$	-	$	-	$	5,421	$	-	$	5,432
	Accrued participations and residuals		-		-		-		-		-		1,364		-		1,364
	Accrued expenses and other current liabilities		1,501		283		193		47		322		5,286		-		7,632
	Current portion of long-term debt		900		-		-		-		1,011		1,036		-		2,947
Total current liabilities			2,412		283		193		47		1,333		13,107		-		17,375
Long-term debt, less current portion			26,489		132		1,827		1,502		9,220		4,432		-		43,602
Deferred income taxes			-		738		-		-		59		31,885		(828)		31,854
Other noncurrent liabilities			2,103		-		-		-		981		8,301		(144)		11,241
Redeemable noncontrolling interests and redeemable subsidiary preferred stock			-		-		-		-		-		1,055		-		1,055
Equity:
	Common stock		30		-		-		-		-		-		-		30
	Other shareholders’ equity		51,941		99,644		105,327		55,508		29,739		188,380		(478,598)		51,941
Total Comcast Corporation
	shareholders’ equity		51,971		99,644		105,327		55,508		29,739		188,380		(478,598)		51,971
Noncontrolling interests			-		-		-		-		-		361		-		361
Total equity			51,971		99,644		105,327		55,508		29,739		188,741		(478,598)		52,332
Total liabilities and equity		$	82,975	$	100,797	$	107,347	$	57,057	$	41,332	$	247,521	$	(479,570)	$	157,459

Condensed Consolidating Balance Sheet
December 31, 2013

(in millions)			Comcast Parent		Comcast Holdings		CCCL Parent		Combined CCHMO Parents		NBCUniversal Media Parent		Non- Guarantor Subsidiaries		Elimination and Consolidation Adjustments		Consolidated Comcast Corporation
Assets
	Cash and cash equivalents	$	-	$	-	$	-	$	-	$	336	$	1,382	$	-	$	1,718
	Investments		-		-		-		-		-		3,573		-		3,573
	Receivables, net		-		-		-		-		-		6,376		-		6,376
	Programming rights		-		-		-		-		-		928		-		928
	Other current assets		237		-		-		-		35		1,208		-		1,480
Total current assets			237		-		-		-		371		13,467		-		14,075
Film and television costs			-		-		-		-		-		4,994		-		4,994
Investments			11		-		-		-		374		3,385		-		3,770
Investments in and amounts due from subsidiaries eliminated upon consolidation			79,956		97,429		102,673		54,724		40,644		85,164		(460,590)		-
Property and equipment, net			220		-		-		-		-		29,620		-		29,840
Franchise rights			-		-		-		-		-		59,364		-		59,364
Goodwill			-		-		-		-		-		27,098		-		27,098
Other intangible assets, net			11		-		-		-		-		17,318		-		17,329
Other noncurrent assets, net			1,078		145		-		-		103		1,899		(882)		2,343
Total assets		$	81,513	$	97,574	$	102,673	$	54,724	$	41,492	$	242,309	$	(461,472)	$	158,813

Liabilities and Equity
	Accounts payable and accrued expenses related to trade creditors	$	8	$	-	$	-	$	-	$	-	$	5,520	$	-	$	5,528
	Accrued participations and residuals		-		-		-		-		-		1,239		-		1,239
	Accrued expenses and other current liabilities		1,371		266		180		47		323		6,678		-		8,865
	Current portion of long-term debt		2,351		-		-		-		903		26		-		3,280
Total current liabilities			3,730		266		180		47		1,226		13,463		-		18,912
Long-term debt, less current portion			25,170		132		1,827		1,505		10,236		5,697		-		44,567
Deferred income taxes			-		777		-		-		59		31,840		(741)		31,935
Other noncurrent liabilities			1,919		-		-		-		931		8,675		(141)		11,384
Redeemable noncontrolling interests and redeemable subsidiary preferred stock			-		-		-		-		-		957		-		957
Equity:
	Common stock		30		-		-		-		-		-		-		30
	Other shareholders’ equity		50,664		96,399		100,666		53,172		29,040		181,313		(460,590)		50,664
Total Comcast Corporation shareholders’ equity			50,694		96,399		100,666		53,172		29,040		181,313		(460,590)		50,694
Noncontrolling interests			-		-		-		-		-		364		-		364
Total equity			50,694		96,399		100,666		53,172		29,040		181,677		(460,590)		51,058
Total liabilities and equity		$	81,513	$	97,574	$	102,673	$	54,724	$	41,492	$	242,309	$	(461,472)	$	158,813

Condensed Consolidating Statement of Income
For the Three Months Ended June 30, 2013

(in millions)			Comcast Parent		Comcast Holdings		CCCL Parent		Combined CCHMO Parents		NBCUniversal Media Parent		Non- Guarantor Subsidiaries		Elimination and Consolidation Adjustments		Consolidated Comcast Corporation
Revenue:
	Service revenue	$	-	$	-	$	-	$	-	$	-	$	16,270	$	-	$	16,270
	Management fee revenue		225		-		219		137		-		-		(581)		-
			225		-		219		137		-		16,270		(581)		16,270
Costs and Expenses:
	Programming and production		-		-		-		-		-		4,968		-		4,968
	Other operating and administrative		101		-		219		137		205		4,489		(581)		4,570
	Advertising, marketing and promotion		-		-		-		-		-		1,307		-		1,307
	Depreciation		8		-		-		-		-		1,575		-		1,583
	Amortization		2		-		-		-		-		405		-		407
			111		-		219		137		205		12,744		(581)		12,835
Operating income (loss)			114		-		-		-		(205)		3,526		-		3,435
Other Income (Expense):
	Interest expense		(383)		(2)		(46)		(33)		(123)		(49)		-		(636)
	Investment income (loss), net		1		6		-		-		5		1		-		13
	Equity in net income (losses) of
	investees, net		1,910		1,909		1,835		1,349		951		646		(8,577)		23
	Other income (expense), net		(1)		-		2		-		-		(44)		-		(43)
			1,527		1,913		1,791		1,316		833		554		(8,577)		(643)
Income (loss) before income taxes			1,641		1,913		1,791		1,316		628		4,080		(8,577)		2,792
Income tax (expense) benefit			93		(1)		16		12		(5)		(1,163)		-		(1,048)
Net income (loss)			1,734		1,912		1,807		1,328		623		2,917		(8,577)		1,744
Net (income) loss attributable
	to noncontrolling interests and redeemable subsidiary preferred stock		-		-		-		-		-		(10)		-		(10)
Net income (loss)
	attributable to Comcast Corporation	$	1,734	$	1,912	$	1,807	$	1,328	$	623	$	2,907	$	(8,577)	$	1,734
Comprehensive
	income (loss) attributable to Comcast Corporation	$	1,822	$	1,905	$	1,808	$	1,328	$	599	$	3,007	$	(8,647)	$	1,822

Condensed Consolidating Statement of Income
For the Six Months Ended June 30, 2013

(in millions)			Comcast Parent		Comcast Holdings		CCCL Parent		Combined CCHMO Parents		NBCUniversal Media Parent		Non- Guarantor Subsidiaries		Elimination and Consolidation Adjustments		Consolidated Comcast Corporation
Revenue:
	Service revenue	$	-	$	-	$	-	$	-	$	-	$	31,580	$	-	$	31,580
	Management fee revenue		443		-		431		270		-		-		(1,144)		-
			443		-		431		270		-		31,580		(1,144)		31,580
Costs and Expenses:
	Programming and production		-		-		-		-		-		9,631		-		9,631
	Other operating and administrative		199		-		431		270		430		8,850		(1,144)		9,036
	Advertising, marketing and promotion		-		-		-		-		-		2,454		-		2,454
	Depreciation		15		-		-		-		-		3,134		-		3,149
	Amortization		3		-		-		-		-		805		-		808
			217		-		431		270		430		24,874		(1,144)		25,078
Operating income (loss)			226		-		-		-		(430)		6,706		-		6,502
Other Income (Expense):
	Interest expense		(759)		(5)		(124)		(66)		(243)		(92)		-		(1,289)
	Investment income (loss), net		2		3		-		-		1		79		-		85
	Equity in net income
	(losses) of investees, net		3,518		3,651		3,598		2,611		1,660		1,012		(16,016)		34
	Other income (expense), net		(2)		-		2		-		-		30		-		30
			2,759		3,649		3,476		2,545		1,418		1,029		(16,016)		(1,140)
Income (loss) before income taxes			2,985		3,649		3,476		2,545		988		7,735		(16,016)		5,362
Income tax (expense) benefit			186		1		43		23		(10)		(2,216)		-		(1,973)
Net income (loss)			3,171		3,650		3,519		2,568		978		5,519		(16,016)		3,389
Net (income) loss attributable
	to noncontrolling interests and redeemable subsidiary preferred stock		-		-		-		-		-		(218)		-		(218)
Net income (loss) attributable
	to Comcast Corporation	$	3,171	$	3,650	$	3,519	$	2,568	$	978	$	5,301	$	(16,016)	$	3,171
Comprehensive income (loss)
	attributable to Comcast Corporation	$	3,259	$	3,643	$	3,522	$	2,568	$	932	$	5,414	$	(16,079)	$	3,259

Condensed Consolidating Statement of Cash Flows
For the Six Months Ended June 30, 2014
(in millions)			Comcast Parent		Comcast Holdings		CCCL Parent		Combined CCHMO Parents		NBCUniversal Media Parent		Non-Guarantor Subsidiaries		Elimination and Consolidation Adjustments		Consolidated Comcast Corporation
Net cash provided by (used in) operating activities		$	(147)	$	12	$	(43)	$	(41)	$	(711)	$	8,477	$	-	$	7,547
Investing Activities
	Net transactions with affiliates		2,674		(12)		43		41		1,583		(4,329)		-		-
	Capital expenditures		(4)		-		-		-		-		(3,242)		-		(3,246)
	Cash paid for intangible assets		(2)		-		-		-		-		(475)		-		(477)
	Acquisitions and construction of real estate properties		-		-		-		-		-		(10)		-		(10)
	Acquisitions, net of cash acquired		-		-		-		-		-		(406)		-		(406)
	Proceeds from sales of businesses and investments		-		-		-		-		2		479		-		481
	Return of capital from investees		-		-		-		-		-		6		-		6
	Purchases of investments		(10)		-		-		-		(6)		(61)		-		(77)
	Other		-		-		-		-		4		(163)		-		(159)
Net cash provided by (used in) investing activities			2,658		(12)		43		41		1,583		(8,201)		-		(3,888)
Financing Activities
	Proceeds from (repayments of) short-term borrowings, net		(1,350)		-		-		-		-		1,007		-		(343)
	Proceeds from borrowings		2,184		-		-		-		-		3		-		2,187
	Repurchases and repayments of debt		(1,000)		-		-		-		(901)		(1,262)		-		(3,163)
	Repurchases and retirements of common stock		(1,500)		-		-		-		-		-		-		(1,500)
	Dividends paid		(1,092)		-		-		-		-		-		-		(1,092)
	Issuances of common stock		29		-		-		-		-		-		-		29
	Distributions to noncontrolling interests and dividends for redeemable subsidiary preferred stock		-		-		-		-		-		(117)		-		(117)
	Other		218		-		-		-		-		(67)		-		151
Net cash provided by (used in) financing activities			(2,511)		-		-		-		(901)		(436)		-		(3,848)
Increase (decrease) in cash and cash equivalents			-		-		-		-		(29)		(160)		-		(189)
Cash and cash equivalents, beginning of period			-		-		-		-		336		1,382		-		1,718
Cash and cash equivalents, end of period		$	-	$	-	$	-	$	-	$	307	$	1,222	$	-	$	1,529

Condensed Consolidating Statement of Cash Flows
For the Six Months Ended June 30, 2013
(in millions)			Comcast Parent		Comcast Holdings		CCCL Parent		Combined CCHMO Parents		NBCUniversal Media Parent		Non-Guarantor Subsidiaries		Elimination and Consolidation Adjustments		Consolidated Comcast Corporation
Net cash provided by (used in) operating activities		$	(181)	$	(8)	$	(120)	$	(47)	$	(582)	$	8,623	$	-	$	7,685
Investing Activities
	Net transactions with affiliates		(1,301)		8		2,217		47		(984)		13		-		-
	Capital expenditures		(2)		-		-		-		-		(2,865)		-		(2,867)
	Cash paid for intangible assets		(1)		-		-		-		-		(443)		-		(444)
	Acquisitions and construction of real estate properties		-		-		-		-		-		(1,311)		-		(1,311)
	Acquisitions, net of cash acquired		-		-		-		-		-		(22)		-		(22)
	Proceeds from sales of businesses and investments		-		-		-		-		-		91		-		91
	Return of capital from investees		-		-		-		-		128		18		-		146
	Purchases of investments		(8)		-		-		-		(2)		(631)		-		(641)
	Other		-		-		-		-		(10)		98		-		88
Net cash provided by (used in) investing activities			(1,312)		8		2,217		47		(868)		(5,052)		-		(4,960)
Financing Activities
	Proceeds from (repayments of) short-term borrowings, net		350		-		-		-		-		(2)		-		348
	Proceeds from borrowings		2,933		-		-		-		-		-		-		2,933
	Repurchases and repayments of debt		-		-		(2,097)		-		(88)		(10)		-		(2,195)
	Repurchases and retirements of common stock		(1,000)		-		-		-		-		-		-		(1,000)
	Dividends paid		(942)		-		-		-		-		-		-		(942)
	Issuances of common stock		24		-		-		-		-		-		-		24
	Purchase of NBCUniversal noncontrolling common equity interest		-		-		-		-		(3,200)		(7,561)		-		(10,761)
	Distributions to noncontrolling interests and dividends for redeemable subsidiary preferred stock		-		-		-		-		-		(116)		-		(116)
	Settlement of Station Venture liability		-		-		-		-		-		(602)		-		(602)
	Other		128		-		-		-		(40)		(64)		-		24
Net cash provided by (used in) financing activities			1,493		-		(2,097)		-		(3,328)		(8,355)		-		(12,287)
Increase (decrease) in cash and cash equivalents			-		-		-		-		(4,778)		(4,784)		-		(9,562)
Cash and cash equivalents, beginning of period			-		-		-		-		5,129		5,822		-		10,951
Cash and cash equivalents, end of period		$	-	$	-	$	-	$	-	$	351	$	1,038	$	-	$	1,389

Condensed Consolidating Statement of Income
For the Three Months Ended June 30, 2014

(in millions)			Comcast Parent		Comcast Holdings		CCCL Parent		Combined CCHMO Parents		NBCUniversal Media Parent		Non- Guarantor Subsidiaries		Elimination and Consolidation Adjustments		Consolidated Comcast Corporation
Revenue:
	Service revenue	$	-	$	-	$	-	$	-	$	-	$	16,844	$	-	$	16,844
	Management fee revenue		237		-		231		145		-		-		(613)		-
			237		-		231		145		-		16,844		(613)		16,844
Costs and Expenses:
	Programming and production		-		-		-		-		-		4,874		-		4,874
	Other operating and administrative		181		-		231		145		237		4,743		(613)		4,924
	Advertising, marketing and promotion		-		-		-		-		-		1,242		-		1,242
	Depreciation		8		-		-		-		-		1,591		-		1,599
	Amortization		2		-		-		-		-		399		-		401
			191		-		231		145		237		12,849		(613)		13,040
Operating income (loss)			46		-		-		-		(237)		3,995		-		3,804
Other Income (Expense):
	Interest expense		(400)		(3)		(44)		(30)		(125)		(46)		-		(648)
	Investment income (loss), net		1		-		-		-		4		115		-		120
	Equity in net income
	(losses) of investees, net		2,222		1,908		1,774		1,554		1,171		836		(9,443)		22
	Other income (expense), net		-		-		-		-		7		(46)		-		(39)
			1,823		1,905		1,730		1,524		1,057		859		(9,443)		(545)
Income (loss) before income taxes			1,869		1,905		1,730		1,524		820		4,854		(9,443)		3,259
Income tax (expense) benefit			123		1		15		11		(6)		(1,378)		-		(1,234)
Net income (loss)			1,992		1,906		1,745		1,535		814		3,476		(9,443)		2,025
Net (income) loss attributable
	to noncontrolling interests and redeemable subsidiary preferred stock		-		-		-		-		-		(33)		-		(33)
Net income (loss) attributable
	to Comcast Corporation	$	1,992	$	1,906	$	1,745	$	1,535	$	814	$	3,443	$	(9,443)	$	1,992
Comprehensive income (loss)
	attributable to Comcast Corporation	$	1,945	$	1,912	$	1,744	$	1,535	$	832	$	3,401	$	(9,424)	$	1,945

Condensed Consolidating Statement of Income
For the Six Months Ended June 30, 2014

(in millions)			Comcast Parent		Comcast Holdings		CCCL Parent		Combined CCHMO Parents		NBCUniversal Media Parent		Non- Guarantor Subsidiaries		Elimination and Consolidation Adjustments		Consolidated Comcast Corporation
Revenue:
	Service revenue	$	-	$	-	$	-	$	-	$	-	$	34,252	$	-	$	34,252
	Management fee revenue		467		-		454		286		-		-		(1,207)		-
			467		-		454		286		-		34,252		(1,207)		34,252
Costs and Expenses:
	Programming and production		-		-		-		-		-		10,782		-		10,782
	Other operating and administrative		274		-		454		286		494		9,375		(1,207)		9,676
	Advertising, marketing and promotion		-		-		-		-		-		2,452		-		2,452
	Depreciation		15		-		-		-		-		3,153		-		3,168
	Amortization		3		-		-		-		-		799		-		802
			292		-		454		286		494		26,561		(1,207)		26,880
Operating income (loss)			175		-		-		-		(494)		7,691		-		7,372
Other Income (Expense):
	Interest expense		(787)		(6)		(89)		(59)		(249)		(100)		-		(1,290)
	Investment income (loss), net		2		3		-		-		5		223		-		233
	Equity in net income
	(losses) of investees, net		4,260		4,175		3,939		3,065		2,242		1,550		(19,177)		54
	Other income (expense), net		-		-		-		-		3		(57)		-		(54)
			3,475		4,172		3,850		3,006		2,001		1,616		(19,177)		(1,057)
Income (loss) before income taxes			3,650		4,172		3,850		3,006		1,507		9,307		(19,177)		6,315
Income tax (expense) benefit			213		1		31		21		(11)		(2,607)		-		(2,352)
Net income (loss)			3,863		4,173		3,881		3,027		1,496		6,700		(19,177)		3,963
Net (income) loss attributable
	to noncontrolling interests and redeemable subsidiary preferred stock		-		-		-		-		-		(100)		-		(100)
Net income (loss) attributable
	to Comcast Corporation	$	3,863	$	4,173	$	3,881	$	3,027	$	1,496	$	6,600	$	(19,177)	$	3,863
Comprehensive income (loss)
	attributable to Comcast Corporation	$	3,793	$	4,181	$	3,882	$	3,028	$	1,517	$	6,535	$	(19,143)	$	3,793

Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2014

Earnings Per Share

Computation of diluted EPS

Computation of Diluted EPS
		Three Months Ended June 30
			2014					2013
(in millions, except per share data)			Net Income Attributable to Comcast Corporation	Shares		Per Share Amount		Net Income Attributable to Comcast Corporation	Shares		Per Share Amount
Basic EPS attributable to Comcast Corporation
	shareholders	$	1,992	2,594	$	0.77	$	1,734	2,631	$	0.66
Effect of dilutive securities:
	Assumed exercise or issuance of shares relating
	to stock plans			34					35
Diluted EPS attributable to Comcast
	Corporation shareholders	$	1,992	2,628	$	0.76	$	1,734	2,666	$	0.65

		Six Months Ended June 30
			2014					2013
(in millions, except per share data)			Net Income Attributable to Comcast Corporation	Shares		Per Share Amount		Net Income Attributable to Comcast Corporation	Shares		Per Share Amount
Basic EPS attributable to Comcast Corporation
	shareholders	$	3,863	2,598	$	1.49	$	3,171	2,633	$	1.20
Effect of dilutive securities:
	Assumed exercise or issuance of shares relating
	to stock plans			38					39
Diluted EPS attributable to Comcast
	Corporation shareholders	$	3,863	2,636	$	1.47	$	3,171	2,672	$	1.19

Related Party Transactions (Tables)

6 Months Ended

Jun. 30, 2014

Film and Television Costs

Condensed Consolidated Balance Sheet
		June 30,		December 31,
(in millions)		2014			2013
Transactions with Comcast and consolidated subsidiaries
	Receivables, net	$	252	$	228
	Accounts payable and accrued expenses related to trade creditors	$	40	$	56
	Accrued expenses and other current liabilities	$	11	$	37
	Note payable to Comcast	$	1,532	$	799
	Other noncurrent liabilities	$	383	$	383

Condensed Consolidated Statement of Income
			Three Months Ended				Six Months Ended
		June 30				June 30
(in millions)			2014		2013		2014		2013
Transactions with Comcast and consolidated subsidiaries
	Revenue	$	331	$	302	$	685	$	654
	Operating costs and expenses	$	(40)	$	(35)	$	(64)	$	(97)
	Other income (expense)	$	(13)	$	-	$	(22)	$	-

Film and Television Costs (Tables)

6 Months Ended

Jun. 30, 2014

			June 30,		December 31,
(in millions)			2014		2013
Film Costs:
	Released, less amortization	$	1,356	$	1,630
	Completed, not released		65		70
	In production and in development		1,077		658
			2,498		2,358
Television Costs:
	Released, less amortization		1,165		1,155
	In production and in development		361		370
			1,526		1,525
Programming rights, less amortization			2,089		2,039
			6,113		5,922
Less: Current portion of programming rights			905		928
Film and television costs		$	5,208	$	4,994

Film and Television Costs

			June 30,		December 31,
(in millions)			2014		2013
Film Costs:
	Released, less amortization	$	1,356	$	1,630
	Completed, not released		65		70
	In production and in development		1,077		658
			2,498		2,358
Television Costs:
	Released, less amortization		1,165		1,155
	In production and in development		361		370
			1,526		1,525
Programming rights, less amortization			2,065		2,003
			6,089		5,886
Less: Current portion of programming rights			889		903
Film and television costs		$	5,200	$	4,983

Investments (Tables)

6 Months Ended

Jun. 30, 2014

Investment Summary

			June 30,		December 31,
(in millions)			2014		2013
Fair Value Method		$	2,387	$	4,345
Equity Method:
	The Weather Channel		331		333
	Hulu		187		187
	Other		486		469
			1,004		989
Cost Method:
	AirTouch		1,560		1,553
	Other		446		456
			2,006		2,009
Total investments			5,397		7,343
Less: Current investments			2,325		3,573
Noncurrent investments		$	3,072	$	3,770

Investment Income (Loss), Net

Investment Income (Loss), Net
		Three Months Ended				Six Months Ended
		June 30				June 30
(in millions)		2014		2013		2014		2013
Gains on sales and exchanges of investments, net		$	90	$	3	$	173	$	38
Investment impairment losses			(19)		(4)		(24)		(13)
Unrealized gains (losses) on securities underlying prepaid
	forward sale agreements		85		247		(28)		852
Mark to market adjustments on derivative component of prepaid
	forward sale agreements and indexed debt instruments		(85)		(239)		32		(841)
Interest and dividend income			28		26		56		56
Other, net			21		(20)		24		(7)
Investment income (loss), net		$	120	$	13	$	233	$	85

Prepaid Forward Sale Agreements

Prepaid Forward Sale Agreements
		June 30,		December 31,
(in millions)		2014		2013
Assets:
	Fair value equity securities held as collateral	$	2,250	$	3,959

Liabilities:
	Obligations under prepaid forward sale agreements	$	470	$	811
	Derivative component of prepaid forward sale agreements		1,586		2,800
Total liabilities		$	2,056	$	3,611

Fair Value Assets and Liabilities Measured on Recurring Basis

Investment Summary

			June 30,		December 31,
(in millions)			2014		2013
Fair Value Method		$	19	$	11
Equity Method:
	The Weather Channel		331		333
	Hulu		187		187
	Other		333		332
			851		852
Cost Method			19		21
Total investments			889		884
Less: Current investments			8		-
Noncurrent Investments		$	881	$	884

Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2014

Recurring Fair Value Measures
		Fair Value as of
		June 30, 2014								December 31, 2013
(in millions)			Level 1		Level 2		Level 3		Total		Total
Assets
Trading securities		$	2,248	$	-	$	-	$	2,248	$	3,956
Available-for-sale securities			9		119		10		138		389
Interest rate swap agreements			-		108		-		108		110
Other			-		78		1		79		81
Total		$	2,257	$	305	$	11	$	2,573	$	4,536
Liabilities
Derivative component of prepaid forward sale agreements
	and indexed debt instruments	$	-	$	1,600	$	-	$	1,600	$	2,816
Contractual obligation			-		-		788		788		747
Contingent consideration			-		-		664		664		684
Other			-		12		-		12		16
Total		$	-	$	1,612	$	1,452	$	3,064	$	4,263

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

Changes in Contractual Obligation and Contingent Consideration
(in millions)		Contractual Obligation		Contingent Consideration
Balance, December 31, 2013	$	747	$	684
Fair value adjustments		68		16
Payments		(27)		(36)
Balance, June 30, 2014	$	788	$	664

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

Changes in Contractual Obligation
(in millions)		Contractual Obligation
Balance, December 31, 2013	$	747
Fair value adjustments		68
Payments		(27)
Balance, June 30, 2014	$	788

Share-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2014

Recognized Share-Based Compensation Expense

Recognized Share-Based Compensation Expense
	Three Months Ended				Six Months Ended
	June 30				June 30
(in millions)	2014		2013		2014		2013
Stock options	$	47	$	36	$	83	$	68
Restricted share units		68		48		116		86
Employee stock purchase plans		7		5		13		11
Total	$	122	$	89	$	212	$	165

Recognized Share-Based Compensation Expense

Recognized Share-Based Compensation Expense
	Three Months Ended				Six Months Ended
	June 30				June 30
(in millions)	2014		2013		2014		2013
Stock options	$	6	$	4	$	9	$	7
Restricted share units		24		12		37		19
Employee stock purchase plans		2		1		4		3
Total	$	32	$	17	$	50	$	29

Supplemental Financial Information (Tables)

6 Months Ended

Jun. 30, 2014

Receivables

Receivables
	June 30,		December 31,
(in millions)	2014		2013
Receivables, gross	$	6,749	$	6,972
Less: Allowance for returns and customer incentives		290		375
Less: Allowance for doubtful accounts		227		221
Receivables, net	$	6,232	$	6,376

Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Income (Loss)
	June 30,		June 30,
(in millions)	2014		2013
Unrealized gains (losses) on marketable securities	$	4	$	277
Deferred gains (losses) on cash flow hedges		(63)		(54)
Unrecognized gains (losses) on employee benefit obligations		70		(107)
Cumulative translation adjustments		(25)		(39)
Accumulated other comprehensive income (loss), net of deferred taxes	$	(14)	$	77

Schedule Of Adjustments To Reconcile Net Income To Net Cash Provided By Operating Activities

Net Cash Provided by Operating Activities
		Six Months Ended
		June 30
(in millions)		2014		2013
Net income		$	3,963	$	3,389
Adjustments to reconcile net income to net cash provided by operating activities:
	Depreciation and amortization		3,970		3,957
	Share-based compensation		266		213
	Noncash interest expense (income), net		87		81
	Equity in net (income) losses of investees, net		(54)		(34)
	Cash received from investees		50		72
	Net (gain) loss on investment activity and other		(113)		(91)
	Deferred income taxes		(22)		87
Changes in operating assets and liabilities, net of effects of acquisitions and divestitures:
	Current and noncurrent receivables, net		60		58
	Film and television costs, net^(a)		(28)		750
	Accounts payable and accrued expenses related to trade creditors		(168)		(87)
	Other operating assets and liabilities		(464)		(710)
Net cash provided by operating activities		$	7,547	$	7,685

Cash Payments For Interest and Income Taxes

Cash Payments for Interest and Income Taxes
	Three Months Ended				Six Months Ended
	June 30				June 30
(in millions)		2014		2013		2014		2013
Interest	$	541	$	515	$	1,164	$	1,132
Income taxes	$	1,718	$	1,761	$	1,904	$	2,222

Accumulated Other Comprehensive Income (Loss)

Receivables

Receivables
	June 30,		December 31,
(in millions)	2014		2013
Receivables, gross	$	5,022	$	5,348
Less: Allowance for returns and customer incentives		288		372
Less: Allowance for doubtful accounts		66		65
Receivables, net	$	4,668	$	4,911

Accumulated Other Comprehensive Income (Loss)
	June 30,		June 30,
(in millions)	2014		2013
Unrealized gains (losses) on marketable securities	$	5	$	-
Deferred gains (losses) on cash flow hedges		(7)		-
Unrecognized gains (losses) on employee benefit obligations		45		(51)
Cumulative translation adjustments		(38)		(60)
Accumulated other comprehensive income (loss), net of deferred taxes	$	5	$	(111)

Schedule Of Adjustments To Reconcile Net Income To Net Cash Provided By Operating Activities

Net Cash Provided by Operating Activities
		Six Months Ended
		June 30
(in millions)		2014		2013
Net income		$	1,583	$	1,041
Adjustments to reconcile net income to net cash provided by operating activities:
	Depreciation and amortization		735		693
	Share-based compensation		-		7
	Equity in net (income) losses of investees, net		(29)		(27)
	Cash received from investees		35		58
	Net (gain) loss on investment activity and other		45		61
	Deferred income taxes		44		2
Changes in operating assets and liabilities, net of effects of acquisitions and divestitures:
	Current and noncurrent receivables, net		154		26
	Film and television costs, net^(a)		(40)		726
	Accounts payable and accrued expenses related to trade creditors		(280)		(198)
	Other operating assets and liabilities		(458)		113
Net cash provided by operating activities		$	1,789	$	2,502

Cash Payments For Interest and Income Taxes

Cash Payments for Interest and Income Taxes
	Three Months Ended				Six Months Ended
	June 30				June 30
(in millions)		2014		2013		2014		2013
Interest	$	220	$	204	$	256	$	224
Income taxes	$	57	$	47	$	110	$	102

Financial Data by Business Segment (Tables)

6 Months Ended

Jun. 30, 2014

		Three Months Ended June 30, 2014
(in millions)			Revenue^(e)		Operating Income (Loss) Before Depreciation and Amortization^(f)		Depreciation and Amortization		Operating Income (Loss)		Capital Expenditures
Cable Communications^(a)		$	11,029	$	4,564	$	1,604	$	2,960	$	1,493
NBCUniversal
	Cable Networks^(b)		2,476		914		180		734		8
	Broadcast Television		1,816		240		27		213		26
	Filmed Entertainment^(b)		1,176		195		5		190		3
	Theme Parks		615		244		73		171		158
	Headquarters and Other^(c)		4		(159)		85		(244)		103
	Eliminations^(d)		(71)		-		-		-		-
NBCUniversal			6,016		1,434		370		1,064		298
Corporate and Other			172		(182)		26		(208)		7
Eliminations^(d)			(373)		(12)		-		(12)		-
Comcast Consolidated		$	16,844	$	5,804	$	2,000	$	3,804	$	1,798

		Three Months Ended June 30, 2013
(in millions)			Revenue^(e)		Operating Income (Loss) Before Depreciation and Amortization^(f)		Depreciation and Amortization		Operating Income (Loss)		Capital Expenditures
Cable Communications^(a)		$	10,467	$	4,335	$	1,623	$	2,712	$	1,240
NBCUniversal
	Cable Networks^(b)		2,413		860		182		678		24
	Broadcast Television		1,732		206		26		180		9
	Filmed Entertainment^(b)		1,388		33		3		30		1
	Theme Parks		546		231		73		158		147
	Headquarters and Other^(c)		9		(137)		65		(202)		79
	Eliminations^(d)		(93)		(2)		-		(2)		-
NBCUniversal			5,995		1,191		349		842		260
Corporate and Other			136		(119)		17		(136)		6
Eliminations^(d)			(328)		18		1		17		-
Comcast Consolidated		$	16,270	$	5,425	$	1,990	$	3,435	$	1,506

		Six Months Ended June 30, 2014
(in millions)			Revenue^(e)		Operating Income (Loss) Before Depreciation and Amortization^(f)		Depreciation and Amortization		Operating Income (Loss)		Capital Expenditures
Cable Communications^(a)		$	21,786	$	8,964	$	3,188	$	5,776	$	2,638
NBCUniversal
	Cable Networks^(b)		4,981		1,809		369		1,440		19
	Broadcast Television		4,437		362		54		308		37
	Filmed Entertainment^(b)		2,527		483		10		473		4
	Theme Parks		1,102		414		142		272		302
	Headquarters and Other^(c)		6		(322)		160		(482)		227
	Eliminations^(d)		(161)		(1)		-		(1)		-
NBCUniversal			12,892		2,745		735		2,010		589
Corporate and Other			346		(335)		47		(382)		19
Eliminations^(d)			(772)		(32)		-		(32)		-
Comcast Consolidated		$	34,252	$	11,342	$	3,970	$	7,372	$	3,246

		Six Months Ended June 30, 2013
(in millions)			Revenue^(e)		Operating Income (Loss) Before Depreciation and Amortization^(f)		Depreciation and Amortization		Operating Income (Loss)		Capital Expenditures
Cable Communications^(a)		$	20,684	$	8,554	$	3,231	$	5,323	$	2,334
NBCUniversal
	Cable Networks^(b)		4,638		1,719		366		1,353		48
	Broadcast Television		3,249		171		51		120		17
	Filmed Entertainment^(b)		2,604		102		7		95		3
	Theme Parks		1,008		404		145		259		285
	Headquarters and Other^(c)		18		(249)		124		(373)		170
	Eliminations^(d)		(182)		(3)		-		(3)		-
NBCUniversal			11,335		2,144		693		1,451		523
Corporate and Other			298		(202)		32		(234)		10
Eliminations^(d)			(737)		(37)		1		(38)		-
Comcast Consolidated		$	31,580	$	10,459	$	3,957	$	6,502	$	2,867

		Three Months Ended				Six Months Ended
		June 30				June 30
		2014		2013		2014		2013
Residential:
	Video	47.5	%	49.4	%	47.8	%	49.7	%
	High-speed Internet	25.6	%	24.5	%	25.6	%	24.6	%
	Voice	8.4	%	8.7	%	8.5	%	8.8	%
Business services		8.7	%	7.5	%	8.6	%	7.4	%
Advertising		5.4	%	5.3	%	5.1	%	5.1	%
Other		4.4	%	4.6	%	4.4	%	4.4	%
Total		100	%	100	%	100	%	100	%

Condensed Consolidating Financial Information [Abstract]

		Three Months Ended June 30, 2014
(in millions)			Revenue^(d)		Operating Income (Loss) Before Depreciation and Amortization^(e)		Depreciation and Amortization		Operating Income (Loss)		Capital Expenditures
	Cable Networks^(a)	$	2,476	$	914	$	180	$	734	$	8
	Broadcast Television		1,816		240		27		213		26
	Filmed Entertainment^(a)		1,176		195		5		190		3
	Theme Parks		615		244		73		171		158
	Headquarters and Other^(b)		4		(159)		85		(244)		103
	Eliminations^(c)		(71)		-		-		-		-
Total		$	6,016	$	1,434	$	370	$	1,064	$	298

		Three Months Ended June 30, 2013
(in millions)			Revenue^(d)		Operating Income (Loss) Before Depreciation and Amortization^(e)		Depreciation and Amortization		Operating Income (Loss)		Capital Expenditures
	Cable Networks^(a)	$	2,413	$	860	$	182	$	678	$	24
	Broadcast Television		1,732		206		26		180		9
	Filmed Entertainment^(a)		1,388		33		3		30		1
	Theme Parks		546		231		73		158		147
	Headquarters and Other^(b)		9		(137)		65		(202)		79
	Eliminations^(c)		(93)		(2)		-		(2)		-
Total		$	5,995	$	1,191	$	349	$	842	$	260

	Six Months Ended June 30, 2014
(in millions)		Revenue^(d)		Operating Income (Loss) Before Depreciation and Amortization^(e)		Depreciation and Amortization		Operating Income (Loss)		Capital Expenditures
Cable Networks^(a)	$	4,981	$	1,809	$	369	$	1,440	$	19
Broadcast Television		4,437		362		54		308		37
Filmed Entertainment^(a)		2,527		483		10		473		4
Theme Parks		1,102		414		142		272		302
Headquarters and Other^(b)		6		(322)		160		(482)		227
Eliminations^(c)		(161)		(1)		-		(1)		-
Total	$	12,892	$	2,745	$	735	$	2,010	$	589

	Six Months Ended June 30, 2013
(in millions)		Revenue^(d)		Operating Income (Loss) Before Depreciation and Amortization^(e)		Depreciation and Amortization		Operating Income (Loss)		Capital Expenditures
Cable Networks^(a)	$	4,638	$	1,719	$	366	$	1,353	$	48
Broadcast Television		3,249		171		51		120		17
Filmed Entertainment^(a)		2,604		102		7		95		3
Theme Parks		1,008		404		145		259		285
Headquarters and Other^(b)		18		(249)		124		(373)		170
Eliminations^(c)		(182)		(3)		-		(3)		-
Total	$	11,335	$	2,144	$	693	$	1,451	$	523

Condensed Consolidating Financial Information (Tables)

6 Months Ended

Jun. 30, 2014

Condensed Consolidating Financial Statements

Condensed Consolidating Balance Sheet
June 30, 2014

(in millions)			Comcast Parent		Comcast Holdings		CCCL Parent		Combined CCHMO Parents		NBCUniversal Media Parent		Non- Guarantor Subsidiaries		Elimination and Consolidation Adjustments		Consolidated Comcast Corporation
Assets
	Cash and cash equivalents	$	-	$	-	$	-	$	-	$	307	$	1,222	$	-	$	1,529
	Investments		-		-		-		-		8		2,317		-		2,325
	Receivables, net		-		-		-		-		-		6,232		-		6,232
	Programming rights		-		-		-		-		-		905		-		905
	Other current assets		227		-		-		-		35		1,519		-		1,781
Total current assets			227		-		-		-		350		12,195		-		12,772
Film and television costs			-		-		-		-		-		5,208		-		5,208
Investments			21		-		-		-		374		2,677		-		3,072
Investments in and amounts due from subsidiaries eliminated upon consolidation			81,329		100,649		107,347		57,057		40,511		91,705		(478,598)		-
Property and equipment, net			209		-		-		-		-		29,761		-		29,970
Franchise rights			-		-		-		-		-		59,364		-		59,364
Goodwill			-		-		-		-		-		27,323		-		27,323
Other intangible assets, net			10		-		-		-		-		17,223		-		17,233
Other noncurrent assets, net			1,179		148		-		-		97		2,065		(972)		2,517
Total assets		$	82,975	$	100,797	$	107,347	$	57,057	$	41,332	$	247,521	$	(479,570)	$	157,459

Liabilities and Equity
	Accounts payable and accrued expenses related to trade creditors	$	11	$	-	$	-	$	-	$	-	$	5,421	$	-	$	5,432
	Accrued participations and residuals		-		-		-		-		-		1,364		-		1,364
	Accrued expenses and other current liabilities		1,501		283		193		47		322		5,286		-		7,632
	Current portion of long-term debt		900		-		-		-		1,011		1,036		-		2,947
Total current liabilities			2,412		283		193		47		1,333		13,107		-		17,375
Long-term debt, less current portion			26,489		132		1,827		1,502		9,220		4,432		-		43,602
Deferred income taxes			-		738		-		-		59		31,885		(828)		31,854
Other noncurrent liabilities			2,103		-		-		-		981		8,301		(144)		11,241
Redeemable noncontrolling interests and redeemable subsidiary preferred stock			-		-		-		-		-		1,055		-		1,055
Equity:
	Common stock		30		-		-		-		-		-		-		30
	Other shareholders’ equity		51,941		99,644		105,327		55,508		29,739		188,380		(478,598)		51,941
Total Comcast Corporation
	shareholders’ equity		51,971		99,644		105,327		55,508		29,739		188,380		(478,598)		51,971
Noncontrolling interests			-		-		-		-		-		361		-		361
Total equity			51,971		99,644		105,327		55,508		29,739		188,741		(478,598)		52,332
Total liabilities and equity		$	82,975	$	100,797	$	107,347	$	57,057	$	41,332	$	247,521	$	(479,570)	$	157,459

Condensed Consolidating Balance Sheet
December 31, 2013

(in millions)			Comcast Parent		Comcast Holdings		CCCL Parent		Combined CCHMO Parents		NBCUniversal Media Parent		Non- Guarantor Subsidiaries		Elimination and Consolidation Adjustments		Consolidated Comcast Corporation
Assets
	Cash and cash equivalents	$	-	$	-	$	-	$	-	$	336	$	1,382	$	-	$	1,718
	Investments		-		-		-		-		-		3,573		-		3,573
	Receivables, net		-		-		-		-		-		6,376		-		6,376
	Programming rights		-		-		-		-		-		928		-		928
	Other current assets		237		-		-		-		35		1,208		-		1,480
Total current assets			237		-		-		-		371		13,467		-		14,075
Film and television costs			-		-		-		-		-		4,994		-		4,994
Investments			11		-		-		-		374		3,385		-		3,770
Investments in and amounts due from subsidiaries eliminated upon consolidation			79,956		97,429		102,673		54,724		40,644		85,164		(460,590)		-
Property and equipment, net			220		-		-		-		-		29,620		-		29,840
Franchise rights			-		-		-		-		-		59,364		-		59,364
Goodwill			-		-		-		-		-		27,098		-		27,098
Other intangible assets, net			11		-		-		-		-		17,318		-		17,329
Other noncurrent assets, net			1,078		145		-		-		103		1,899		(882)		2,343
Total assets		$	81,513	$	97,574	$	102,673	$	54,724	$	41,492	$	242,309	$	(461,472)	$	158,813

Liabilities and Equity
	Accounts payable and accrued expenses related to trade creditors	$	8	$	-	$	-	$	-	$	-	$	5,520	$	-	$	5,528
	Accrued participations and residuals		-		-		-		-		-		1,239		-		1,239
	Accrued expenses and other current liabilities		1,371		266		180		47		323		6,678		-		8,865
	Current portion of long-term debt		2,351		-		-		-		903		26		-		3,280
Total current liabilities			3,730		266		180		47		1,226		13,463		-		18,912
Long-term debt, less current portion			25,170		132		1,827		1,505		10,236		5,697		-		44,567
Deferred income taxes			-		777		-		-		59		31,840		(741)		31,935
Other noncurrent liabilities			1,919		-		-		-		931		8,675		(141)		11,384
Redeemable noncontrolling interests and redeemable subsidiary preferred stock			-		-		-		-		-		957		-		957
Equity:
	Common stock		30		-		-		-		-		-		-		30
	Other shareholders’ equity		50,664		96,399		100,666		53,172		29,040		181,313		(460,590)		50,664
Total Comcast Corporation shareholders’ equity			50,694		96,399		100,666		53,172		29,040		181,313		(460,590)		50,694
Noncontrolling interests			-		-		-		-		-		364		-		364
Total equity			50,694		96,399		100,666		53,172		29,040		181,677		(460,590)		51,058
Total liabilities and equity		$	81,513	$	97,574	$	102,673	$	54,724	$	41,492	$	242,309	$	(461,472)	$	158,813

Condensed Consolidating Statement of Cash Flows
For the Six Months Ended June 30, 2014
(in millions)			Comcast Parent		Comcast Holdings		CCCL Parent		Combined CCHMO Parents		NBCUniversal Media Parent		Non-Guarantor Subsidiaries		Elimination and Consolidation Adjustments		Consolidated Comcast Corporation
Net cash provided by (used in) operating activities		$	(147)	$	12	$	(43)	$	(41)	$	(711)	$	8,477	$	-	$	7,547
Investing Activities
	Net transactions with affiliates		2,674		(12)		43		41		1,583		(4,329)		-		-
	Capital expenditures		(4)		-		-		-		-		(3,242)		-		(3,246)
	Cash paid for intangible assets		(2)		-		-		-		-		(475)		-		(477)
	Acquisitions and construction of real estate properties		-		-		-		-		-		(10)		-		(10)
	Acquisitions, net of cash acquired		-		-		-		-		-		(406)		-		(406)
	Proceeds from sales of businesses and investments		-		-		-		-		2		479		-		481
	Return of capital from investees		-		-		-		-		-		6		-		6
	Purchases of investments		(10)		-		-		-		(6)		(61)		-		(77)
	Other		-		-		-		-		4		(163)		-		(159)
Net cash provided by (used in) investing activities			2,658		(12)		43		41		1,583		(8,201)		-		(3,888)
Financing Activities
	Proceeds from (repayments of) short-term borrowings, net		(1,350)		-		-		-		-		1,007		-		(343)
	Proceeds from borrowings		2,184		-		-		-		-		3		-		2,187
	Repurchases and repayments of debt		(1,000)		-		-		-		(901)		(1,262)		-		(3,163)
	Repurchases and retirements of common stock		(1,500)		-		-		-		-		-		-		(1,500)
	Dividends paid		(1,092)		-		-		-		-		-		-		(1,092)
	Issuances of common stock		29		-		-		-		-		-		-		29
	Distributions to noncontrolling interests and dividends for redeemable subsidiary preferred stock		-		-		-		-		-		(117)		-		(117)
	Other		218		-		-		-		-		(67)		-		151
Net cash provided by (used in) financing activities			(2,511)		-		-		-		(901)		(436)		-		(3,848)
Increase (decrease) in cash and cash equivalents			-		-		-		-		(29)		(160)		-		(189)
Cash and cash equivalents, beginning of period			-		-		-		-		336		1,382		-		1,718
Cash and cash equivalents, end of period		$	-	$	-	$	-	$	-	$	307	$	1,222	$	-	$	1,529

Condensed Consolidating Statement of Cash Flows
For the Six Months Ended June 30, 2013
(in millions)			Comcast Parent		Comcast Holdings		CCCL Parent		Combined CCHMO Parents		NBCUniversal Media Parent		Non-Guarantor Subsidiaries		Elimination and Consolidation Adjustments		Consolidated Comcast Corporation
Net cash provided by (used in) operating activities		$	(181)	$	(8)	$	(120)	$	(47)	$	(582)	$	8,623	$	-	$	7,685
Investing Activities
	Net transactions with affiliates		(1,301)		8		2,217		47		(984)		13		-		-
	Capital expenditures		(2)		-		-		-		-		(2,865)		-		(2,867)
	Cash paid for intangible assets		(1)		-		-		-		-		(443)		-		(444)
	Acquisitions and construction of real estate properties		-		-		-		-		-		(1,311)		-		(1,311)
	Acquisitions, net of cash acquired		-		-		-		-		-		(22)		-		(22)
	Proceeds from sales of businesses and investments		-		-		-		-		-		91		-		91
	Return of capital from investees		-		-		-		-		128		18		-		146
	Purchases of investments		(8)		-		-		-		(2)		(631)		-		(641)
	Other		-		-		-		-		(10)		98		-		88
Net cash provided by (used in) investing activities			(1,312)		8		2,217		47		(868)		(5,052)		-		(4,960)
Financing Activities
	Proceeds from (repayments of) short-term borrowings, net		350		-		-		-		-		(2)		-		348
	Proceeds from borrowings		2,933		-		-		-		-		-		-		2,933
	Repurchases and repayments of debt		-		-		(2,097)		-		(88)		(10)		-		(2,195)
	Repurchases and retirements of common stock		(1,000)		-		-		-		-		-		-		(1,000)
	Dividends paid		(942)		-		-		-		-		-		-		(942)
	Issuances of common stock		24		-		-		-		-		-		-		24
	Purchase of NBCUniversal noncontrolling common equity interest		-		-		-		-		(3,200)		(7,561)		-		(10,761)
	Distributions to noncontrolling interests and dividends for redeemable subsidiary preferred stock		-		-		-		-		-		(116)		-		(116)
	Settlement of Station Venture liability		-		-		-		-		-		(602)		-		(602)
	Other		128		-		-		-		(40)		(64)		-		24
Net cash provided by (used in) financing activities			1,493		-		(2,097)		-		(3,328)		(8,355)		-		(12,287)
Increase (decrease) in cash and cash equivalents			-		-		-		-		(4,778)		(4,784)		-		(9,562)
Cash and cash equivalents, beginning of period			-		-		-		-		5,129		5,822		-		10,951
Cash and cash equivalents, end of period		$	-	$	-	$	-	$	-	$	351	$	1,038	$	-	$	1,389

Condensed Consolidating Statement of Income
For the Three Months Ended June 30, 2014

(in millions)			Comcast Parent		Comcast Holdings		CCCL Parent		Combined CCHMO Parents		NBCUniversal Media Parent		Non- Guarantor Subsidiaries		Elimination and Consolidation Adjustments		Consolidated Comcast Corporation
Revenue:
	Service revenue	$	-	$	-	$	-	$	-	$	-	$	16,844	$	-	$	16,844
	Management fee revenue		237		-		231		145		-		-		(613)		-
			237		-		231		145		-		16,844		(613)		16,844
Costs and Expenses:
	Programming and production		-		-		-		-		-		4,874		-		4,874
	Other operating and administrative		181		-		231		145		237		4,743		(613)		4,924
	Advertising, marketing and promotion		-		-		-		-		-		1,242		-		1,242
	Depreciation		8		-		-		-		-		1,591		-		1,599
	Amortization		2		-		-		-		-		399		-		401
			191		-		231		145		237		12,849		(613)		13,040
Operating income (loss)			46		-		-		-		(237)		3,995		-		3,804
Other Income (Expense):
	Interest expense		(400)		(3)		(44)		(30)		(125)		(46)		-		(648)
	Investment income (loss), net		1		-		-		-		4		115		-		120
	Equity in net income
	(losses) of investees, net		2,222		1,908		1,774		1,554		1,171		836		(9,443)		22
	Other income (expense), net		-		-		-		-		7		(46)		-		(39)
			1,823		1,905		1,730		1,524		1,057		859		(9,443)		(545)
Income (loss) before income taxes			1,869		1,905		1,730		1,524		820		4,854		(9,443)		3,259
Income tax (expense) benefit			123		1		15		11		(6)		(1,378)		-		(1,234)
Net income (loss)			1,992		1,906		1,745		1,535		814		3,476		(9,443)		2,025
Net (income) loss attributable
	to noncontrolling interests and redeemable subsidiary preferred stock		-		-		-		-		-		(33)		-		(33)
Net income (loss) attributable
	to Comcast Corporation	$	1,992	$	1,906	$	1,745	$	1,535	$	814	$	3,443	$	(9,443)	$	1,992
Comprehensive income (loss)
	attributable to Comcast Corporation	$	1,945	$	1,912	$	1,744	$	1,535	$	832	$	3,401	$	(9,424)	$	1,945

Condensed Consolidating Statement of Income
For the Three Months Ended June 30, 2013

(in millions)			Comcast Parent		Comcast Holdings		CCCL Parent		Combined CCHMO Parents		NBCUniversal Media Parent		Non- Guarantor Subsidiaries		Elimination and Consolidation Adjustments		Consolidated Comcast Corporation
Revenue:
	Service revenue	$	-	$	-	$	-	$	-	$	-	$	16,270	$	-	$	16,270
	Management fee revenue		225		-		219		137		-		-		(581)		-
			225		-		219		137		-		16,270		(581)		16,270
Costs and Expenses:
	Programming and production		-		-		-		-		-		4,968		-		4,968
	Other operating and administrative		101		-		219		137		205		4,489		(581)		4,570
	Advertising, marketing and promotion		-		-		-		-		-		1,307		-		1,307
	Depreciation		8		-		-		-		-		1,575		-		1,583
	Amortization		2		-		-		-		-		405		-		407
			111		-		219		137		205		12,744		(581)		12,835
Operating income (loss)			114		-		-		-		(205)		3,526		-		3,435
Other Income (Expense):
	Interest expense		(383)		(2)		(46)		(33)		(123)		(49)		-		(636)
	Investment income (loss), net		1		6		-		-		5		1		-		13
	Equity in net income (losses) of
	investees, net		1,910		1,909		1,835		1,349		951		646		(8,577)		23
	Other income (expense), net		(1)		-		2		-		-		(44)		-		(43)
			1,527		1,913		1,791		1,316		833		554		(8,577)		(643)
Income (loss) before income taxes			1,641		1,913		1,791		1,316		628		4,080		(8,577)		2,792
Income tax (expense) benefit			93		(1)		16		12		(5)		(1,163)		-		(1,048)
Net income (loss)			1,734		1,912		1,807		1,328		623		2,917		(8,577)		1,744
Net (income) loss attributable
	to noncontrolling interests and redeemable subsidiary preferred stock		-		-		-		-		-		(10)		-		(10)
Net income (loss)
	attributable to Comcast Corporation	$	1,734	$	1,912	$	1,807	$	1,328	$	623	$	2,907	$	(8,577)	$	1,734
Comprehensive
	income (loss) attributable to Comcast Corporation	$	1,822	$	1,905	$	1,808	$	1,328	$	599	$	3,007	$	(8,647)	$	1,822

Condensed Consolidating Statement of Income
For the Six Months Ended June 30, 2014

(in millions)			Comcast Parent		Comcast Holdings		CCCL Parent		Combined CCHMO Parents		NBCUniversal Media Parent		Non- Guarantor Subsidiaries		Elimination and Consolidation Adjustments		Consolidated Comcast Corporation
Revenue:
	Service revenue	$	-	$	-	$	-	$	-	$	-	$	34,252	$	-	$	34,252
	Management fee revenue		467		-		454		286		-		-		(1,207)		-
			467		-		454		286		-		34,252		(1,207)		34,252
Costs and Expenses:
	Programming and production		-		-		-		-		-		10,782		-		10,782
	Other operating and administrative		274		-		454		286		494		9,375		(1,207)		9,676
	Advertising, marketing and promotion		-		-		-		-		-		2,452		-		2,452
	Depreciation		15		-		-		-		-		3,153		-		3,168
	Amortization		3		-		-		-		-		799		-		802
			292		-		454		286		494		26,561		(1,207)		26,880
Operating income (loss)			175		-		-		-		(494)		7,691		-		7,372
Other Income (Expense):
	Interest expense		(787)		(6)		(89)		(59)		(249)		(100)		-		(1,290)
	Investment income (loss), net		2		3		-		-		5		223		-		233
	Equity in net income
	(losses) of investees, net		4,260		4,175		3,939		3,065		2,242		1,550		(19,177)		54
	Other income (expense), net		-		-		-		-		3		(57)		-		(54)
			3,475		4,172		3,850		3,006		2,001		1,616		(19,177)		(1,057)
Income (loss) before income taxes			3,650		4,172		3,850		3,006		1,507		9,307		(19,177)		6,315
Income tax (expense) benefit			213		1		31		21		(11)		(2,607)		-		(2,352)
Net income (loss)			3,863		4,173		3,881		3,027		1,496		6,700		(19,177)		3,963
Net (income) loss attributable
	to noncontrolling interests and redeemable subsidiary preferred stock		-		-		-		-		-		(100)		-		(100)
Net income (loss) attributable
	to Comcast Corporation	$	3,863	$	4,173	$	3,881	$	3,027	$	1,496	$	6,600	$	(19,177)	$	3,863
Comprehensive income (loss)
	attributable to Comcast Corporation	$	3,793	$	4,181	$	3,882	$	3,028	$	1,517	$	6,535	$	(19,143)	$	3,793

Condensed Consolidating Statement of Income
For the Six Months Ended June 30, 2013

(in millions)			Comcast Parent		Comcast Holdings		CCCL Parent		Combined CCHMO Parents		NBCUniversal Media Parent		Non- Guarantor Subsidiaries		Elimination and Consolidation Adjustments		Consolidated Comcast Corporation
Revenue:
	Service revenue	$	-	$	-	$	-	$	-	$	-	$	31,580	$	-	$	31,580
	Management fee revenue		443		-		431		270		-		-		(1,144)		-
			443		-		431		270		-		31,580		(1,144)		31,580
Costs and Expenses:
	Programming and production		-		-		-		-		-		9,631		-		9,631
	Other operating and administrative		199		-		431		270		430		8,850		(1,144)		9,036
	Advertising, marketing and promotion		-		-		-		-		-		2,454		-		2,454
	Depreciation		15		-		-		-		-		3,134		-		3,149
	Amortization		3		-		-		-		-		805		-		808
			217		-		431		270		430		24,874		(1,144)		25,078
Operating income (loss)			226		-		-		-		(430)		6,706		-		6,502
Other Income (Expense):
	Interest expense		(759)		(5)		(124)		(66)		(243)		(92)		-		(1,289)
	Investment income (loss), net		2		3		-		-		1		79		-		85
	Equity in net income
	(losses) of investees, net		3,518		3,651		3,598		2,611		1,660		1,012		(16,016)		34
	Other income (expense), net		(2)		-		2		-		-		30		-		30
			2,759		3,649		3,476		2,545		1,418		1,029		(16,016)		(1,140)
Income (loss) before income taxes			2,985		3,649		3,476		2,545		988		7,735		(16,016)		5,362
Income tax (expense) benefit			186		1		43		23		(10)		(2,216)		-		(1,973)
Net income (loss)			3,171		3,650		3,519		2,568		978		5,519		(16,016)		3,389
Net (income) loss attributable
	to noncontrolling interests and redeemable subsidiary preferred stock		-		-		-		-		-		(218)		-		(218)
Net income (loss) attributable
	to Comcast Corporation	$	3,171	$	3,650	$	3,519	$	2,568	$	978	$	5,301	$	(16,016)	$	3,171
Comprehensive income (loss)
	attributable to Comcast Corporation	$	3,259	$	3,643	$	3,522	$	2,568	$	932	$	5,414	$	(16,079)	$	3,259

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Earnings Per Share
Net income attributable to Parent	$ 1,992	$ 1,734	$ 3,863	$ 3,171
Basic shares attributable to Comcast Corporation shareholders	2,594	2,631	2,598	2,633
Assumed exercise or issuance of shares relating to stock plans	34	35	38	39
Diluted shares attributable to Comcast Corporation shareholders	2,628	2,666	2,636	2,672
Basic earnings per common share attributable to Comcast Corporation shareholders	$ 0.77	$ 0.66	$ 1.49	$ 1.2
Diluted earnings per common share attributable to Comcast Corporation shareholders	$ 0.76	$ 0.65	$ 1.47	$ 1.19
Excluded shares from diluted EPS because their inclusion would have an antidilutive effect	16	18	9	10

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Net Income
-URI http://asc.fasb.org/extlink&oid=6518256

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3602-108585

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 225
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04.19)
-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 225
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.18)
-URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 225
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04.22)
-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Other Comprehensive Income
-URI http://asc.fasb.org/extlink&oid=6519514

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=28358780&loc=d3e565-108580

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 03
-Paragraph 19
-Article 5

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Paragraph 20
-Article 9

+ Details

Significant Transactions (Narrative) (Details)	Jun. 30, 2014
Significant Transactions [Line Items]
Percentage Of Voting Interests To Be Acquired	100.00%
Company Shares Exchanged For Each Acquiree Share	2.875
Acquiree Stockholders Percentage Ownership In Parent Company	23.00%
Merger Agreement Undertaking Number Of Divested Customers [Member]
Significant Transactions [Line Items]
Number of customers	3,000,000
Divestiture Transactions Net Disposition Of Customers [Member]
Significant Transactions [Line Items]
Number of customers	3,900,000
Divestiture Transactions Customers To Be Spun Off In SpinCo [Member]
Significant Transactions [Line Items]
Number of customers	2,500,000
Divestiture Transactions Like Kind Divestiture Of Time Warner Cable Customers [Member]
Significant Transactions [Line Items]
Number of customers	1,500,000
Divestiture Transactions Like Kind Receipt Of Charter Communications Customers [Member]
Significant Transactions [Line Items]
Number of customers	1,700,000
Divestiture Transactions Sale Of Time Warner Cable Customers Member [Member]
Significant Transactions [Line Items]
Number of customers	1,500,000
Comcast Corporate Shareholders [Member]
Significant Transactions [Line Items]
Ownership Percentage In New Company	67.00%
New Charter [Member]
Significant Transactions [Line Items]
Ownership Percentage In New Company	33.00%

Related Party Transactions (Narrative) (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2014	Dec. 31, 2013
Other noncurrent liabilities	$ 11,241	$ 11,384
NBCUniversal Media, LLC [Member]
Revolving Credit Agreement Capacity	$ 3,000
Borrowing margin for LIBOR based borrowings	1.00%
Other noncurrent liabilities	$ 3,444	$ 3,412
Nbcuniversal Holdings Preferred Stock [Member] \| NBCUniversal Media, LLC [Member]
Preferred stock liquidition preference value	$ 9,400
Preferred stock dividend rate percentage	8.25%
Carrying Value Of Related Party Contractual Obligation [Member] \| NBCUniversal Media, LLC [Member]
Other noncurrent liabilities	$ 383

Related Party Transactions - Consolidated Balance Sheet (Details) - USD ($) $ in Millions	Jun. 30, 2014	Dec. 31, 2013
Receivables, net	$ 6,232	$ 6,376
Accounts payable and accrued expenses related to trade creditors	5,432	5,528
Accrued expenses and other current liabilities	6,785	7,967
Other noncurrent liabilities	11,241	11,384
NBCUniversal Media, LLC [Member]
Receivables, net	4,668	4,911
Accounts payable and accrued expenses related to trade creditors	1,251	1,583
Accrued expenses and other current liabilities	1,187	1,465
Note payable to Comcast	1,532	799
Other noncurrent liabilities	3,444	3,412
Transactions With Comcast And Consolidated Subsidiaries [Member] \| NBCUniversal Media, LLC [Member]
Receivables, net	252	228
Accounts payable and accrued expenses related to trade creditors	40	56
Accrued expenses and other current liabilities	11	37
Note payable to Comcast	1,532	799
Other noncurrent liabilities	$ 383	$ 383

Related Party Transactions - Consolidated Statement of Income (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Revenue	$ 16,844	$ 16,270	$ 34,252	$ 31,580
NBCUniversal Media, LLC [Member]
Revenue	6,016	5,995	12,892	11,335
Transactions With Comcast And Consolidated Subsidiaries [Member] \| NBCUniversal Media, LLC [Member]
Revenue	331	302	685	654
Operating costs and expenses	(40)	$ (35)	(64)	$ (97)
Other income (expense)	$ (13)		$ (22)

Film and Television Costs (Film and Television Costs)(Details) - USD ($) $ in Millions	Jun. 30, 2014	Dec. 31, 2013
Film And Television Costs [Line Items]
Programming rights, less amortization	$ 2,089	$ 2,039
Total film costs, television costs and programming rights	6,113	5,922
Less: Current portion of programming rights	905	928
Film and television costs	5,208	4,994
NBCUniversal Media, LLC [Member]
Film And Television Costs [Line Items]
Programming rights, less amortization	2,065	2,003
Total film costs, television costs and programming rights	6,089	5,886
Less: Current portion of programming rights	889	903
Film and television costs	5,200	4,983
Film Costs [Member]
Film And Television Costs [Line Items]
Released, less amortization	1,356	1,630
Completed, not released	65	70
In production and in development	1,077	658
Total film costs	2,498	2,358
Film Costs [Member] \| NBCUniversal Media, LLC [Member]
Film And Television Costs [Line Items]
Released, less amortization	1,356	1,630
Completed, not released	65	70
In production and in development	1,077	658
Total film costs	2,498	2,358
Television Costs [Member]
Film And Television Costs [Line Items]
Released, less amortization	1,165	1,155
In production and in development	361	370
Total television costs	1,526	1,525
Television Costs [Member] \| NBCUniversal Media, LLC [Member]
Film And Television Costs [Line Items]
Released, less amortization	1,165	1,155
In production and in development	361	370
Total television costs	$ 1,526	$ 1,525

Investments (Details) - USD ($) $ in Millions	Jun. 30, 2014	Dec. 31, 2013
Fair value method	$ 2,387	$ 4,345
Equity method	1,004	989
Cost method	2,006	2,009
Total Investments	5,397	7,343
Less: Current investments	2,325	3,573
Noncurrent investments	3,072	3,770
NBCUniversal Media, LLC [Member]
Fair value method	19	11
Equity method	851	852
Cost method	19	21
Total Investments	889	884
Less: Current investments	8
Noncurrent investments	881	884
Other Equity Method Investments [Member]
Equity method	486	469
Other Equity Method Investments [Member] \| NBCUniversal Media, LLC [Member]
Equity method	333	332
Air Touch [Member]
Cost method	1,560	1,553
Other Cost Method Investment [Member]
Cost method	446	456
The Weather Channel [Member]
Equity method	331	333
The Weather Channel [Member] \| NBCUniversal Media, LLC [Member]
Equity method	331	333
Hulu [Member]
Equity method	187	187
Hulu [Member] \| NBCUniversal Media, LLC [Member]
Equity method	$ 187	$ 187

Investments (Investment Income (Loss), Net) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Gains on sales and exchanges of investments, net	$ 90	$ 3	$ 173	$ 38
Investment impairment losses	(19)	(4)	(24)	(13)
Unrealized gains (losses) on securities underlying prepaid forward sale agreements	85	247	(28)	852
Mark to market adjustments on derivative component of prepaid forward sale agreements and indexed debt instruments	(85)	(239)	32	(841)
Interest and dividend income	28	26	56	56
Other, net	21	(20)	24	(7)
Investment income (loss), net	120	13	233	85
NBCUniversal Media, LLC [Member]
Investment income (loss), net	$ 9	$ 5	$ 15	$ 8

Investments (Fair Value Method Investments) (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2014	Dec. 31, 2013
Fair value equity securities held as collateral	$ 2,250	$ 3,959
Obligations under prepaid forward sale agreements	470	811
Derivative component of prepaid forward sale agreements	1,586	2,800
Total liabilities associated with prepaid forward sale agreements	2,056	$ 3,611
Prepaid forward sale obligations fair value	2,100
Equity securities held as collateral under our prepaid forward sale agreements acquired during the period	$ 1,500

Investments (Cost Method Investments) (Details) - Air Touch [Member] $ in Billions	Jun. 30, 2014 USD ($)
Fair value of AirTouch preferred stock related to redeemable preferred shares	$ 1.7
Fair value of redeemable preferred stock	$ 1.7

Long-Term Debt (Narrative) (Details) - USD ($)	6 Months Ended
Long-Term Debt (Narrative) (Details) - USD ($)	Jun. 30, 2014	Jun. 30, 2013
Total debt	$ 46,500,000,000
Long-term Debt, Fair Value	52,600,000,000
Amounts available under revolving credit facilities	6,300,000,000
Repurchases and repayments of debt	$ 3,163,000,000	$ 2,195,000,000
Comcast ownership in cable holding company subsidiaries	100.00%
Proceeds from (repayments of) short-term borrowings, net	$ (343,000,000)	$ 348,000,000
NBCUniversal Media, LLC [Member]
Total debt	10,300,000,000
Long-term Debt, Fair Value	$ 11,400,000,000
Comcast ownership in cable holding company subsidiaries	100.00%
Related Party Aggregate Principal Amount Senior Notes Not Subject To Guarantee	$ 4,000,000,000
Related Party Credit Facility Not Subject To Guarantee	1,350,000,000
Related Party Liquidation Preference Preferred Stock Not Subject To Guarantee	$ 725,000,000
NBCUniversal Enterprise Credit Facility
Debt Instrument, Maturity Date, Description	March 2018
Credit facility borrowing capacity	$ 1,350,000,000
Amounts available under revolving credit facilities	340,000,000
Repurchases and repayments of debt	1,250,000,000
NBCUniversal Enterprise Commercial Paper [Member]
Credit facility borrowing capacity	1,350,000,000
Commercial paper	1,000,000,000
Proceeds from (repayments of) short-term borrowings, net	$ 990,000,000
Comcast And Comcast Cable Revolving Credit Facility [Member] \| NBCUniversal Media, LLC [Member]
Debt Instrument, Maturity Date, Description	2017
Guarantee Obligations Revolving Credit Facility	$ 6,250,000,000
Comcast And Comcast Cable Debt Securities [Member] \| NBCUniversal Media, LLC [Member]
Guarantee Obligations Current Principal Balance	30,700,000,000
Senior 3.60% Notes Due 2024 [Member]
Principal amount	$ 1,200,000,000
Interest rate	3.60%
Debt Instrument, Maturity Date, Description	2024
Senior 4.75% Notes Due 2044 [Member]
Principal amount	$ 1,000,000,000
Interest rate	4.75%
Debt Instrument, Maturity Date, Description	2044
Senior 5.3% Notes Due 2014 [Member]
Interest rate	5.30%
Debt Instrument, Maturity Date, Description	2014
Repurchases and repayments of debt	$ 1,000,000,000
Senior 2.1% Notes Due 2014 [Member]
Interest rate	2.10%
Debt Instrument, Maturity Date, Description	April 2014
Repurchases and repayments of debt	$ 900,000,000
Senior 2.1% Notes Due 2014 [Member] \| NBCUniversal Media, LLC [Member]
Interest rate	2.10%
Debt Instrument, Maturity Date, Description	April 2014
Repurchases and repayments of debt	$ 900,000,000

Fair Value Measurements (Details) - USD ($) $ in Millions	Jun. 30, 2014	Dec. 31, 2013
Trading securities	$ 2,248	$ 3,956
Available-for-sale Securities	138	389
Interest rate swap agreements	108	110
Other [assets]	79	81
Fair Value, Assets Measured on Recurring Basis, Total	2,573	4,536
Derivative component of prepaid forward sale agreements and indexed debt instruments	1,600	2,816
Contractual obligation	788	747
Contingent consideration	664	684
Other [liabilities]	12	16
Fair Value Liabilities Measured On Recurring Basis	3,064	$ 4,263
Fair Value, Inputs, Level 1 [Member]
Trading securities	2,248
Available-for-sale Securities	9
Fair Value, Assets Measured on Recurring Basis, Total	2,257
Fair Value, Inputs, Level 2 [Member]
Available-for-sale Securities	119
Interest rate swap agreements	108
Other [assets]	78
Fair Value, Assets Measured on Recurring Basis, Total	305
Derivative component of prepaid forward sale agreements and indexed debt instruments	1,600
Other [liabilities]	12
Fair Value Liabilities Measured On Recurring Basis	1,612
Fair Value, Inputs, Level 3 [Member]
Available-for-sale Securities	10
Other [assets]	1
Fair Value, Assets Measured on Recurring Basis, Total	11
Contractual obligation	788
Contingent consideration	664
Fair Value Liabilities Measured On Recurring Basis	$ 1,452

Fair Value Disclosure Rollforward (Details) $ in Millions	6 Months Ended
Fair Value Disclosure Rollforward (Details) $ in Millions	Jun. 30, 2014 USD ($)
NBCUniversal Enterprise [Member]
Fair value of redeemable preferred stock	$ 759
Contractual Obligation [Member]
Beginning balance	747
Fair value adjustments	68
Payments	(27)
Ending balance	788
Contractual Obligation [Member] \| NBCUniversal Media, LLC [Member]
Beginning balance	747
Fair value adjustments	68
Payments	(27)
Ending balance	$ 788
Discount rate used to determine fair value, minimum	12.00%
Discount rate used to determine fair value, maximum	13.00%
Contingent Consideration [Member]
Beginning balance	$ 684
Fair value adjustments	16
Payments	(36)
Ending balance	$ 664
Contractual Obligation And Contingent Consideration Discount Rates [Member]
Discount rate used to determine fair value, minimum	5.00%
Discount rate used to determine fair value, maximum	13.00%

Share-Based Compensation (Narrative) (Details) $ / shares in Units, shares in Millions, $ in Millions	6 Months Ended
	Jun. 30, 2014 USD ($) $ / shares shares
Number of stock options granted \| shares	16.4
Number of restricted share units granted \| shares	5.4
Weighted average fair value of stock options granted \| $ / shares	$ 11.09
Weighed average fair value of restricted share units granted \| $ / shares	$ 46.57
Stock Options [Member]
Unrecognized pretax compensation expense on nonvested awards \| $	$ 392
Restricted Share Units [Member]
Unrecognized pretax compensation expense on nonvested awards \| $	$ 529

Share-Based Compensation (Recognized Share-Based Compensation Expense) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Recognized share-based compensation expense	$ 122	$ 89	$ 212	$ 165
NBCUniversal Media, LLC [Member]
Recognized share-based compensation expense	32	17	50	29
Stock Options [Member]
Recognized share-based compensation expense	47	36	83	68
Stock Options [Member] \| NBCUniversal Media, LLC [Member]
Recognized share-based compensation expense	6	4	9	7
Restricted Share Units [Member]
Recognized share-based compensation expense	68	48	116	86
Restricted Share Units [Member] \| NBCUniversal Media, LLC [Member]
Recognized share-based compensation expense	24	12	37	19
Employee Stock Purchase Plan [Member]
Recognized share-based compensation expense	7	5	13	11
Employee Stock Purchase Plan [Member] \| NBCUniversal Media, LLC [Member]
Recognized share-based compensation expense	$ 2	$ 1	$ 4	$ 3

Supplemental Financial Information (Receivables)(Details) - USD ($) $ in Millions	Jun. 30, 2014	Dec. 31, 2013
Receivables, gross	$ 6,749	$ 6,972
Less: Allowance for returns and customer incentives	290	375
Less: Allowance for doubtful accounts	227	221
Receivables, net	6,232	6,376
NBCUniversal Media, LLC [Member]
Receivables, gross	5,022	5,348
Less: Allowance for returns and customer incentives	288	372
Less: Allowance for doubtful accounts	66	65
Receivables, net	$ 4,668	$ 4,911

Supplemental Financial Information (Components of Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Millions	Jun. 30, 2014	Dec. 31, 2013	Jun. 30, 2013
Unrealized gains (losses) on marketable securities	$ 4		$ 277
Deferred gains (losses) on cash flow hedges	(63)		(54)
Unrecognized gains (losses) on employee benefit obligations	70		(107)
Cumulative translation adjustments	(25)		(39)
Accumulated other comprehensive income (loss), net of deferred taxes	(14)	$ 56	77
NBCUniversal Media, LLC [Member]
Unrealized gains (losses) on marketable securities	5
Deferred gains (losses) on cash flow hedges	(7)
Unrecognized gains (losses) on employee benefit obligations	45		(51)
Cumulative translation adjustments	(38)		(60)
Accumulated other comprehensive income (loss), net of deferred taxes	$ 5	$ (16)	$ (111)

Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.