← Filings of CMCSA
Tables in the 10-K of COMCAST CORP
90 tables with numbers, filed Feb 3, 2026. Each one downloads as a CSV for Excel or
Google Sheets, with the filing's address in the last row. Only the layout is tidied (a "$" or ")" in a cell of its own is joined to its number); no value is changed.
Open the filing on sec.gov ↗
| SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT: | | |
| Title of Each Class | Trading symbol(s) | Name of Each Exchange on Which Registered |
| Class A Common Stock, $0.01 par value | CMCSA | The Nasdaq Stock Market LLC |
| 0.000% Notes due 2026 | CMCS26 | The Nasdaq Stock Market LLC |
| 0.250% Notes due 2027 | CMCS27 | The Nasdaq Stock Market LLC |
| 1.500% Notes due 2029 | CMCS29 | The Nasdaq Stock Market LLC |
| 0.250% Notes due 2029 | CMCS29A | The Nasdaq Stock Market LLC |
| 0.750% Notes due 2032 | CMCS32 | The Nasdaq Stock Market LLC |
First 8 of 16 rows. The CSV has all of them.
| PART I | | |
| Item 1 | Business | 1 |
| Item 1A | Risk Factors | 19 |
| Item 1B | Unresolved Staff Comments | 27 |
| Item 1C | Cybersecurity | 27 |
| Item 2 | Properties | 28 |
| Item 3 | Legal Proceedings | 29 |
| Item 4 | Mine Safety Disclosures | 29 |
First 8 of 28 rows. The CSV has all of them.
| Cable Network | Approximate U.S.Households as ofDecember 31, 2025(in millions)(a) | Description of Programming | | |
| USA Network | 60 | | | General entertainment and sports |
| E! | 59 | | | Entertainment and pop culture |
| Syfy | 59 | | | Genre-based entertainment |
| MS NOW | 59 | | | News, political commentary and information |
| Bravo | 59 | | | Lifestyle entertainment |
| CNBC | 59 | | | Business and financial news |
| Oxygen | 60 | | | True crime |
First 8 of 12 rows. The CSV has all of them.
Table 4 after “Our most significant sports rights agreements relate to the NBA, NFL, Olympics and English Premier League. The table below presents a summar”
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| Television and/or Streaming Rights | Market | Rights Expiration |
| NBA and WNBA(a) | United States, United Kingdom and Italy | 2035-36 NBA season and 2036 WNBA season |
| NFL(b) | United States | 2033-34 season |
| Summer and Winter Olympic Games | United States | 2036 |
| English Premier League | United Kingdom, Italy and United States | 2028-29, 2027-28 and 2027-28 seasons, respectively |
| PGA Tour and other golf events | United States | Between 2028 and 2032 |
| NASCAR(c) | United States | 2031 |
| Big Ten football and basketball | United States | 2029-30 season |
First 8 of 16 rows. The CSV has all of them.
Table 5 after “The table below summarizes Comcast’s common stock repurchases during 2025.”
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| Period | Total Number of Shares Purchased | Average Price Per Share | Total Number of Shares Purchased as Part of Publicly Announced Authorization | Total Dollar Amount Purchased Under the Publicly Announced Authorization | Maximum Dollar Value of Shares That May Yet Be Purchased Under the Publicly Announced Authorization(a) | | |
| First Quarter 2025 | 56,218,710 | | $35.94 | | 56,218,710 | 2,020,441,339 | $13,630,195,971 |
| Second Quarter 2025 | 49,283,221 | | $34.49 | | 49,283,221 | 1,700,000,362 | $11,930,195,608 |
| Third Quarter 2025 | 46,014,962 | | $33.49 | | 46,014,962 | 1,540,953,870 | $10,389,241,739 |
| October 1-31, 2025 | 26,229,159 | | $29.70 | | 26,229,159 | 778,980,958 | $9,610,260,781 |
| November 1-30, 2025 | 21,614,618 | | $27.25 | | 21,614,618 | 588,995,965 | $9,021,264,815 |
| December 1-31, 2025 | 5,715,904 | | $27.12 | | 5,715,904 | 154,997,061 | $8,866,267,754 |
| Total | 205,076,574 | | $33.08 | | 205,076,574 | $6,784,369,555 | $8,866,267,754 |
Table 6 after “The comparison assumes $100 was invested on December 31, 2020 in our Class A common stock and in each of the following indices and assumes t”
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| 2021 | 2022 | 2023 | 2024 | 2025 | | |
| Comcast Class A | $98 | | $70 | | $90 | $79 | $66 |
| S&P 500 Stock Index | $129 | | $105 | | $133 | $166 | $196 |
| Peer Group | $92 | | $71 | | $78 | $92 | $96 |
Table 7 after “On January 2, 2026, we completed the Separation of Versant into an independent, publicly traded company and we made a pro rata distribution ”
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| Year ended December 31 (in millions, except per share data) | 2025 | 2024 | | Change 2024 to 2025 | | |
| Revenue | $123,707 | | $123,731 | | | —% |
| Costs and Expenses: | | | | | | |
| Programming and production | 34,951 | | 37,026 | | | (5.6) |
| Marketing and promotion | 8,862 | | 8,073 | | | 9.8 |
| Other operating and administrative | 43,013 | | 40,533 | | | 6.1 |
| Depreciation | 9,327 | | 8,729 | | | 6.8 |
| Amortization | 6,884 | | 6,072 | | | 13.4 |
First 8 of 22 rows. The CSV has all of them.
| Year ended December 31 (in millions) | 2025 | 2024 | |
| Equity in net income (losses) of investees, net | $(591) | | $(680) |
| Realized and unrealized gains (losses) on equity securities, net | (20) | | (313) |
| Other income (loss), net | 10,114 | | 502 |
| Total investment and other income (loss), net | $9,503 | | $(490) |
Table 9 after “Our segment operating results are presented based on how we assess operating performance and internally report financial information. See No”
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| | | | 2024 to 2025 | | | | |
| Year ended December 31 (in millions) | 2025 | 2024 | | Change | Constant Currency Change(b) | | | |
| Revenue | | | | | | | | |
| Residential Connectivity & Platforms | $70,704 | | $71,574 | | | (1.2)% | | (1.9)% |
| Business Services Connectivity | 10,237 | | 9,701 | | | 5.5 | | 5.5 |
| Total Connectivity & Platforms revenue | $80,940 | | $81,275 | | | (0.4)% | | (1.1)% |
| Adjusted EBITDA | | | | | | | | |
| Residential Connectivity & Platforms | $26,653 | | $27,338 | | | (2.5)% | | (2.8)% |
First 8 of 14 rows. The CSV has all of them.
| | Net Additions / (Losses) | | | |
| (in thousands) | 2025 | 2024 | | 2025 | 2024 |
| Customer Relationships | | | | | |
| Domestic Residential Connectivity & Platforms customer relationships(a) | 30,439 | 31,172 | | (733) | (476) |
| International Residential Connectivity & Platforms customer relationships(a) | 17,624 | 17,811 | | (186) | (36) |
| Business Services Connectivity customer relationships(b)(c) | 2,702 | 2,626 | | (48) | (16) |
| Total Connectivity & Platforms customer relationships | 50,766 | 51,609 | | (967) | (527) |
| Domestic Broadband | | | | | |
First 8 of 17 rows. The CSV has all of them.
Table 11 after “Penetration is calculated by dividing the number of domestic customers located within our network by the number of domestic homes and busine”
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| | | | 2024 to 2025 | | | |
| 2025 | 2024 | | Change | Constant Currency Change(a) | | |
| Average monthly total Connectivity & Platforms revenue per customer relationship | $131.77 | | $130.57 | | | 0.9% | 0.3% |
| Average monthly total Connectivity & Platforms Adjusted EBITDA per customer relationship | $52.71 | | $52.75 | | | (0.1)% | (0.3)% |
Table 12 after “Connectivity & Platforms supplemental costs and expenses information in the table below is presented on an aggregate basis across the Connec”
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| | 2024 to 2025 | | | | | |
| Year ended December 31 (in millions) | 2025 | 2024 | | Change | Constant Currency Change(g) | | |
| Costs and Expenses | | | | | | | |
| Programming(a) | $16,007 | | $16,881 | | | (5.2)% | (6.1)% |
| Technical and support(b) | 7,610 | | 7,617 | | | (0.1) | (0.7) |
| Direct product costs(c) | 7,576 | | 6,607 | | | 14.7 | 12.8 |
| Marketing and promotion(d) | 5,085 | | 4,772 | | | 6.6 | 5.8 |
| Customer service(e) | 2,755 | | 2,732 | | | 0.9 | 0.2 |
First 8 of 10 rows. The CSV has all of them.
Table 13 after “Constant currency is a non-GAAP financial measure. Refer to the “Non-GAAP Financial Measures” section on page 46 for additional information,”
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| | | 2024 to 2025 | | | | |
| Year ended December 31 (in millions) | 2025 | 2024(a) | | Change | Constant Currency Change(b) | | |
| Revenue | | | | | | | |
| Domestic broadband | $25,837 | | $25,660 | | | 0.7% | 0.7% |
| Domestic wireless | 4,967 | | 4,273 | | | 16.3 | 16.3 |
| International connectivity | 4,963 | | 4,503 | | | 10.2 | 6.8 |
| Total residential connectivity | 35,767 | | 34,435 | | | 3.9 | 3.4 |
| Video | 26,387 | | 27,791 | | | (5.1) | (6.1) |
First 8 of 16 rows. The CSV has all of them.
| Year ended December 31 (in millions) | 2025 | 2024 | | Change 2024 to 2025 | |
| Revenue | $10,237 | | $9,701 | | 5.5% |
| Costs and expenses | 4,512 | | 4,201 | | 7.4 |
| Adjusted EBITDA | $5,725 | | $5,500 | | 4.1% |
Table 15 after “increased in 2025 primarily due to increases in direct product costs, which include the results from Nitel.”
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| Year ended December 31 (in millions) | 2025 | 2024 | | Change 2024 to 2025 | |
| Revenue | | | | | |
| Media | $27,090 | | $28,148 | | (3.8)% |
| Studios | 11,286 | | 11,092 | | 1.7 |
| Theme Parks | 9,836 | | 8,617 | | 14.2 |
| Headquarters and Other | 46 | | 50 | | (6.7) |
| Eliminations | (2,699) | | (2,798) | | 3.5 |
| Total Content & Experiences revenue | $45,559 | | $45,108 | | 1.0% |
First 8 of 15 rows. The CSV has all of them.
| Year ended December 31 (in millions) | 2025 | 2024 | | Change 2024 to 2025 | |
| Revenue | | | | | |
| Domestic advertising | $8,382 | | $10,008 | | (16.2)% |
| Domestic distribution | 11,613 | | 11,826 | | (1.8) |
| International networks | 4,977 | | 4,282 | | 16.2 |
| Other | 2,118 | | 2,031 | | 4.2 |
| Total revenue | 27,090 | | 28,148 | | (3.8) |
| Costs and Expenses | | | | | |
First 8 of 13 rows. The CSV has all of them.
Table 17 after “partially offset by a decrease in domestic advertising revenue.”
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| Year ended December 31 (in millions) | 2025 | 2024 | Change 2024 to 2025 | |
| Total revenue | $27,090 | | $28,148 | (3.8)% |
| Olympics | — | | 1,906 | NM |
| Total revenue, excluding Olympics | $27,090 | | $26,242 | 3.2% |
| Total domestic advertising revenue | $8,382 | | $10,008 | (16.2)% |
| Olympics | — | | 1,432 | NM |
| Domestic advertising revenue, excluding Olympics | $8,382 | | $8,576 | (2.3)% |
| Total domestic distribution revenue | $11,613 | | $11,826 | (1.8)% |
First 8 of 10 rows. The CSV has all of them.
| Year ended December 31 (in millions) | 2025 | 2024 | Change 2024 to 2025 | |
| Revenue | | | | |
| Content licensing | $8,199 | | $8,063 | 1.7% |
| Theatrical | 1,621 | | 1,693 | (4.3) |
| Other | 1,465 | | 1,335 | 9.7 |
| Total revenue | 11,286 | | 11,092 | 1.7 |
| Costs and Expenses | | | | |
| Programming and production | 7,441 | | 7,257 | 2.5 |
First 8 of 12 rows. The CSV has all of them.
Table 19 after “include salaries, employee benefits, rent and other overhead expenses.”
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| Year ended December 31 (in millions) | 2025 | 2024 | | Change 2024 to 2025 | |
| Revenue | $9,836 | | $8,617 | | 14.2% |
| Costs and expenses | 6,756 | | 5,668 | | 19.2 |
| Adjusted EBITDA | $3,080 | | $2,949 | | 4.5% |
Table 20 after “Headquarters and Other Results of Operations”
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| Year ended December 31 (in millions) | 2025 | 2024 | | Change 2024 to 2025 | |
| Revenue | $46 | | $50 | | (6.7)% |
| Costs and expenses | 1,142 | | 881 | | 29.6 |
| Adjusted EBITDA | $(1,095) | | $(831) | | (31.8)% |
| Year ended December 31 (in millions) | 2025 | 2024 | | Change 2024 to 2025 | |
| Revenue | $(2,699) | | $(2,798) | | (3.5)% |
| Costs and expenses | (2,886) | | (2,880) | | 0.2 |
| Adjusted EBITDA | $186 | | $82 | | (127.9)% |
Table 22 after “Eliminations increase or decrease to the extent that additional content is made available to our other segments within the Content & Experie”
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| Year ended December 31 (in millions) | 2025 | 2024 | | Change 2024 to 2025 | |
| Revenue | $3,044 | | $2,933 | | 3.8% |
| Costs and expenses | 4,518 | | 4,308 | | 4.9 |
| Adjusted EBITDA | $(1,474) | | $(1,376) | | (7.1)% |
| Year ended December 31 (in millions) | 2025 | 2024 | Change 2024 to 2025 | |
| Revenue | $(5,836) | | $(5,585) | 4.5% |
| Costs and expenses | (5,849) | | (5,456) | 7.2 |
| Adjusted EBITDA | $13 | | $(128) | (110.4)% |
Table 24 after “We reconcile consolidated Adjusted EBITDA to net income attributable to Comcast Corporation. This measure should not be considered a substit”
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| Reconciliation from Net Income Attributable to Comcast Corporation to Adjusted EBITDA | | | |
| Year ended December 31 (in millions) | 2025 | 2024 | |
| Net income attributable to Comcast Corporation | $19,998 | | $16,192 |
| Net income (loss) attributable to noncontrolling interests | (338) | | (315) |
| Income tax expense | 6,106 | | 2,796 |
| Interest expense | 4,409 | | 4,134 |
| Investment and other (income) loss, net | (9,503) | | 490 |
| Depreciation | 9,327 | | 8,729 |
First 8 of 11 rows. The CSV has all of them.
| Year ended December 31 (in millions) | 2025 | 2024 | |
| Transaction-related costs | $374 | | $— |
| Transaction costs | 109 | | 7 |
| Costs related to our investment portfolio | 18 | | (37) |
| Total Adjustments | $501 | | $(30) |
Table 26 after “Reconciliation of Connectivity & Platforms Constant Currency”
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| 2024 | | | |
| Year ended December 31 (in millions) | As Reported | Effects of Foreign Currency | Constant Currency Amounts | |
| Revenue | | | | |
| Residential Connectivity & Platforms | $71,574 | $533 | $72,107 | |
| Business Services Connectivity | 9,701 | 2 | 9,703 | |
| Total Connectivity & Platforms revenue | $81,275 | $535 | $81,811 | |
| Adjusted EBITDA | | | | |
| Residential Connectivity & Platforms | $27,338 | $71 | $27,409 | |
First 8 of 14 rows. The CSV has all of them.
Table 27 after “Reconciliation of Connectivity & Platforms Constant Currency”
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| 2024 | | | |
| As Reported | Effects of Foreign Currency | Constant Currency Amounts | |
| Average monthly total Connectivity & Platforms revenue per customer relationship | $130.57 | | $0.86 | $131.43 |
| Average monthly total Connectivity & Platforms Adjusted EBITDA per customer relationship | $52.75 | | $0.12 | $52.87 |
Table 28 after “Reconciliation of Connectivity & Platforms Constant Currency”
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| 2024 | | | |
| (in millions) | As Reported | Effects of Foreign Currency | Constant Currency Amounts | |
| Costs and Expenses | | | | |
| Programming | $16,881 | | $172 | $17,054 |
| Technical and support | 7,617 | | 49 | 7,666 |
| Direct product costs | 6,607 | | 109 | 6,716 |
| Marketing and promotion | 4,772 | | 35 | 4,808 |
| Customer service | 2,732 | | 17 | 2,749 |
First 8 of 10 rows. The CSV has all of them.
Table 29 after “Reconciliation of Residential Connectivity & Platforms Constant Currency”
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| 2024 | | | | | |
| (in millions) | | As Reported | Effects of Foreign Currency | | Constant Currency Amounts | |
| Revenue | | | | | | |
| Domestic broadband | | $25,660 | | $— | | $25,660 |
| Domestic wireless | | 4,273 | | — | | 4,273 |
| International connectivity | | 4,503 | | 145 | | 4,648 |
| Total residential connectivity | | 34,435 | | 145 | | 34,581 |
| Video | | 27,791 | | 296 | | 28,087 |
First 8 of 16 rows. The CSV has all of them.
Table 30 after “From time to time, we present adjusted information, such as revenue, to exclude the impact of certain events, gains, losses or other charges”
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| Year ended December 31 (in billions) | 2025 | 2024 | |
| Cash provided by operating activities | $33.6 | | $27.7 |
| Cash used in investing activities | $(16.2) | | $(15.7) |
| Cash used in financing activities | $(14.3) | | $(10.9) |
Table 31 after “From time to time, we present adjusted information, such as revenue, to exclude the impact of certain events, gains, losses or other charges”
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| December 31 (in billions) | 2025 | 2024 | |
| Cash and cash equivalents | $9.5 | | $7.3 |
| Restricted cash included in other current assets and other noncurrent assets, net | $1.1 | | $0.1 |
| Debt | $98.9 | | $99.1 |
| Components of Net Cash Provided by Operating Activities | | | |
| Year ended December 31 (in millions) | 2025 | 2024 | |
| Operating income | $20,672 | | $23,297 |
| Depreciation and amortization | 16,210 | | 14,802 |
| Noncash share-based compensation | 1,288 | | 1,288 |
| Changes in operating assets and liabilities | (551) | | (1,559) |
| Payments of interest | (3,871) | | (3,657) |
| Payments of income taxes | (755) | | (7,096) |
First 8 of 10 rows. The CSV has all of them.
| Year ended December 31 (in millions) | 2025 | 2024 | |
| Customer premise equipment | $2,192 | | $2,013 |
| Scalable infrastructure | 3,156 | | 3,024 |
| Line extensions | 2,689 | | 2,691 |
| Support capital | 686 | | 557 |
| Total | $8,723 | | $8,286 |
| As of December 31, 2025 (in billions) | Total | Within the next 12 months | Beyond the next 12 months | |
| Debt obligations(a) | $104.8 | | $6.0 | $98.8 |
| Programming and production obligations(b)(c) | 93.8 | | 18.3 | 75.5 |
Table 35 after “Our debt is primarily issued at Comcast, although we also have debt at certain of our subsidiaries as a result of acquisitions and other iss”
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| Debt and Guarantee Structure | | | |
| December 31 (in billions) | 2025 | 2024 | |
| Debt Subject to Cross-Guarantees | | | |
| Comcast | $93.3 | | $94.6 |
| NBCUniversal(a) | 1.6 | | 1.6 |
| Comcast Cable(a) | 0.9 | | 0.9 |
| 95.8 | | 97.1 |
| Debt Subject to One-Way Guarantees | | | |
First 8 of 17 rows. The CSV has all of them.
Table 36 after “The table below summarizes by contractual year of maturity the principal amount of our debt, notional amount of our interest rate instrument”
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| (in billions) | 2026 | 2027 | 2028 | 2029 | 2030 | Thereafter(a) | Total | EstimatedFair Value as ofDecember 31, 2025 | | | | |
| Debt | | | | | | | | | | | | |
| Fixed-rate debt | $5.9 | | $5.0 | | $5.7 | | $4.8 | | $4.8 | $75.4 | $101.6 | $87.1 |
| Average interest rate(b) | 2.1% | | 2.9% | | 4.0% | | 3.5% | | 3.4% | 4.0% | 3.8% | |
| Variable-rate debt | $— | | $— | | $— | | $0.1 | | $0.1 | $3.0 | $3.2 | $3.2 |
| Average interest rate | 2.5% | | 2.5% | | 2.5% | | 2.5% | | 2.5% | 2.5% | 2.5% | |
| Fixed-to-Variable Interest Rate Swaps | | | | | | | | | | | | |
| Notional amount(c) | $1.3 | | $0.3 | | $1.0 | | $— | | $— | $— | $2.5 | $(0.1) |
First 8 of 10 rows. The CSV has all of them.
Table 37 after “Item 8: Comcast Corporation Financial Statements and Supplementary Data”
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| Index | Page |
| Management’s Report on Internal Control Over Financial Reporting | 59 |
| Report of Independent Registered Public Accounting Firm | 60 |
| Consolidated Statements of Income | 62 |
| Consolidated Statements of Comprehensive Income | 63 |
| Consolidated Statements of Cash Flows | 64 |
| Consolidated Balance Sheets | 65 |
| Consolidated Statements of Changes in Equity | 66 |
First 8 of 25 rows. The CSV has all of them.
Table 38 after “Consolidated Statements of Income”
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| Year ended December 31 (in millions, except per share data) | 2025 | 2024 | | 2023 | |
| Revenue | $123,707 | | $123,731 | | $121,572 |
| Costs and Expenses: | | | | | |
| Programming and production | 34,951 | | 37,026 | | 36,762 |
| Marketing and promotion | 8,862 | | 8,073 | | 7,971 |
| Other operating and administrative | 43,013 | | 40,533 | | 39,190 |
| Depreciation | 9,327 | | 8,729 | | 8,854 |
| Amortization | 6,884 | | 6,072 | | 5,482 |
First 8 of 19 rows. The CSV has all of them.
Table 39 after “Consolidated Statements of Comprehensive Income”
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| Year ended December 31 (in millions) | 2025 | 2024 | | 2023 | |
| Net income | $19,660 | | $15,877 | | $15,107 |
| Other comprehensive income (loss), net of tax (expense) benefit: | | | | | |
| Currency translation adjustments, net of deferred taxes of $208, $(137) and $(29) | 2,236 | | (895) | | 1,478 |
| Cash flow hedges: | | | | | |
| Deferred gains (losses), net of deferred taxes of $(14), $(4) and $8 | (7) | | 57 | | 16 |
| Realized (gains) losses reclassified to net income, net of deferred taxes of $15, $(1) and $38 | (55) | | (1) | | (158) |
| Employee benefit obligations and other, net of deferred taxes of $36, $(9) and $(2) | (129) | | 31 | | 3 |
First 8 of 13 rows. The CSV has all of them.
Table 40 after “Consolidated Statements of Cash Flows”
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| Year ended December 31 (in millions) | 2025 | 2024 | | 2023 | |
| Operating Activities | | | | | |
| Net income | $19,660 | | $15,877 | | $15,107 |
| Adjustments to reconcile net income to net cash provided by operating activities: | | | | | |
| Depreciation and amortization | 16,210 | | 14,802 | | 14,336 |
| Share-based compensation | 1,288 | | 1,288 | | 1,241 |
| Noncash interest expense (income), net | 488 | | 464 | | 316 |
| Net (gain) loss on investment activity and other | (8,853) | | 1,088 | | (768) |
First 8 of 38 rows. The CSV has all of them.
| December 31 (in millions, except share data) | 2025 | 2024 | |
| Assets | | | |
| Current Assets: | | | |
| Cash and cash equivalents | $9,481 | | $7,322 |
| Receivables, net | 13,869 | | 13,661 |
| Other current assets | 6,217 | | 5,817 |
| Total current assets | 29,567 | | 26,801 |
| Film and television costs | 12,214 | | 12,541 |
First 8 of 40 rows. The CSV has all of them.
Table 42 after “Consolidated Statements of Changes in Equity”
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| (in millions, except per share data) | 2025 | 2024 | | 2023 | |
| Redeemable Noncontrolling Interests | | | | | |
| Balance, beginning of year | $237 | | $241 | | $411 |
| Contributions from (distributions to) noncontrolling interests, net | 2 | | (13) | | (24) |
| Other | — | | — | | (171) |
| Net income (loss) | (15) | | 9 | | 25 |
| Balance, end of year | $224 | | $237 | | $241 |
| Class A Common Stock | | | | | |
First 8 of 42 rows. The CSV has all of them.
| Year Ended December 31, 2025 | | | | | | | | |
| (in millions) | Residential Connectivity & Platforms | Business Services Connectivity | Media | Studios | Theme Parks | Total | | | |
| Revenue from external customers | $70,599 | | $10,214 | | $22,168 | | $8,080 | $9,835 | $120,896 |
| Intersegment revenue(a) | 104 | | 23 | | 4,922 | | 3,205 | 1 | 8,256 |
| 70,704 | | 10,237 | | 27,090 | | 11,286 | 9,836 | 129,152 |
| Reconciliation of Revenue | | | | | | | | | |
| Other revenue(b) | | | | | | 3,090 | | | |
| Eliminations(a) | | | | | | (8,535) | | | |
First 8 of 23 rows. The CSV has all of them.
| Year Ended December 31, 2024 | | | | | | | | |
| (in millions) | Residential Connectivity & Platforms | Business Services Connectivity | Media | Studios | Theme Parks | Total | | | |
| Revenue from external customers | $71,401 | | $9,678 | | $23,463 | | $7,832 | $8,615 | $120,990 |
| Intersegment revenue(a) | 173 | | 23 | | 4,685 | | 3,259 | 1 | 8,142 |
| 71,574 | | 9,701 | | 28,148 | | 11,092 | 8,617 | 129,132 |
| Reconciliation of Revenue | | | | | | | | | |
| Other revenue(b) | | | | | | 2,982 | | | |
| Eliminations(a) | | | | | | (8,383) | | | |
First 8 of 23 rows. The CSV has all of them.
| Year Ended December 31, 2023 | | | | | | | | |
| (in millions) | Residential Connectivity & Platforms | Business Services Connectivity | Media | Studios | Theme Parks | Total | | | |
| Revenue from external customers | $71,739 | | $9,233 | | $20,734 | | $8,308 | $8,948 | $118,962 |
| Intersegment revenue(a) | 207 | | 22 | | 4,621 | | 3,317 | (1) | 8,166 |
| 71,946 | | 9,255 | | 25,355 | | 11,625 | 8,947 | 127,128 |
| Reconciliation of Revenue | | | | | | | | | |
| Other revenue(b) | | | | | | 2,827 | | | |
| Eliminations(a) | | | | | | (8,383) | | | |
First 8 of 23 rows. The CSV has all of them.
| Year ended December 31 (in millions) | 2025 | 2024(a) | | 2023(a) | |
| Domestic broadband | $25,837 | | $25,660 | | $24,999 |
| Domestic wireless | 4,967 | | 4,273 | | 3,664 |
| International connectivity | 4,963 | | 4,503 | | 3,918 |
| Total residential connectivity | 35,767 | | 34,435 | | 32,580 |
| Video | 26,387 | | 27,791 | | 29,576 |
| Advertising | 3,712 | | 4,089 | | 3,969 |
| Other | 4,838 | | 5,259 | | 5,820 |
First 8 of 23 rows. The CSV has all of them.
Table 47 after “ited States but also in select international markets. The table below summarizes our consolidated revenue from customers in certain geograph”
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| Year ended December 31 (in millions) | 2025 | 2024 | | 2023 | |
| United States | $95,143 | | $96,237 | | $94,375 |
| United Kingdom | 15,182 | | 14,194 | | 13,364 |
| Other | 13,382 | | 13,300 | | 13,833 |
| Total revenue | $123,707 | | $123,731 | | $121,572 |
Table 48 after “The table below summarizes our accounts receivable, other balances that are not separately presented in our consolidated balance sheets that”
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| December 31 (in millions) | 2025 | 2024 | |
| Receivables, gross | $14,582 | | $14,399 |
| Less: Allowance for credit losses | 713 | | 738 |
| Receivables, net | $13,869 | | $13,661 |
| Noncurrent receivables, net (included in other noncurrent assets, net) | $1,924 | | $1,853 |
| Contract acquisition and fulfillment costs (included in other noncurrent assets, net)(a) | $1,350 | | $1,184 |
| Noncurrent deferred revenue (included in other noncurrent liabilities) | $621 | | $665 |
Table 49 after “million in 2025, 2024 and 2023, respectively, included in marketing and promotion and other operating and administrative expenses.”
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| Changes in Allowance for Credit Losses | | | | | |
| (in millions) | 2025 | 2024 | | 2023 | |
| Beginning balance | $738 | | $698 | | $736 |
| Current-period provision for expected credit losses | 698 | | 747 | | 775 |
| Write-offs charged against the allowance, net of recoveries and other | (722) | | (707) | | (812) |
| Ending balance | $713 | | $738 | | $698 |
Table 50 after “Our accounts receivables include amounts not yet billed related to equipment installment plans, as summarized in the table below.”
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| December 31 (in millions) | 2025 | 2024 | |
| Receivables, net | $2,096 | | $1,827 |
| Noncurrent receivables, net (included in other noncurrent assets, net) | 1,395 | | 1,225 |
| Total | $3,491 | | $3,052 |
Table 51 after “Our accounts receivables include amounts not yet billed related to equipment installment plans, as summarized in the table below.”
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| Year ended December 31 (in millions) | 2025 | 2024 | | 2023 | |
| Video distribution programming | $10,008 | | $11,428 | | $12,460 |
| Film and television content: | | | | | |
| Owned(a) | 9,891 | | 9,617 | | 10,224 |
| Licensed, including sports rights | 13,611 | | 14,668 | | 12,619 |
| Other | 1,440 | | 1,314 | | 1,459 |
| Total programming and production costs | $34,951 | | $37,026 | | $36,762 |
Table 52 after “Capitalized Film and Television Costs”
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| December 31 (in millions) | 2025 | 2024 | |
| Owned: | | | |
| In production and in development | $2,896 | | $3,342 |
| Completed, not released | 84 | | 209 |
| Released, less amortization | 4,571 | | 4,545 |
| 7,551 | | 8,095 |
| Licensed, including sports advances | 4,663 | | 4,446 |
| Film and television costs | $12,214 | | $12,541 |
Table 53 after “The table below summarizes estimated future amortization expense for the capitalized film and television costs recorded in our consolidated ”
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| (in millions) | Owned | Licensed | |
| Completed, not released: | | | |
| 2026 | $52 | | |
| Released and licensed content: | | | |
| 2026 | $2,261 | | $3,280 |
| 2027 | $824 | | $672 |
| 2028 | $182 | | $382 |
Table 54 after “The following table summarizes the amount of accrued participation and residual liabilities that we expect to pay during the upcoming operat”
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| December 31 (in millions) | 2025 | 2024 | |
| Current portion of accrued participations and residuals | $1,537 | | $1,444 |
| Income (Loss) Before Income Taxes | | | | | |
| Year ended December 31 (in millions) | 2025 | 2024 | | 2023 | |
| Domestic | $26,766 | | $19,615 | | $22,164 |
| Foreign | (1,000) | | (942) | | (1,686) |
| $25,766 | | $18,673 | | $20,478 |
| Components of Income Tax Expense | | | | | |
| Year ended December 31 (in millions) | 2025 | 2024 | | 2023 | |
| Current Expense (Benefit): | | | | | |
| Federal | $2,286 | | $2,194 | | $6,270 |
| State | 720 | | 1,115 | | 1,591 |
| Foreign | 427 | | 389 | | 249 |
| 3,432 | | 3,698 | | 8,110 |
| Deferred Expense (Benefit): | | | | | |
First 8 of 13 rows. The CSV has all of them.
Table 57 after “Our income tax expense (benefit) differs from the federal statutory amount because of the effect of the items detailed in the table below.”
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| 2025 | 2024 | | 2023 | | | | | |
| Year ended December 31 (in millions) | Amount% | | Amount% | | | Amount% | | | |
| Federal tax at statutory rate | $5,411 | 21.0% | | | $3,921 | | 21.0% | $4,300 | 21.0% |
| State and local income tax, net of federal income tax effect(a) | 710 | 2.8% | | | 338 | | 1.8% | 426 | 2.1% |
| Foreign tax effects | 353 | 1.4% | | | 364 | | 2.0% | 461 | 2.3% |
| Effect of cross-border tax laws | (81) | (0.3)% | | | (95) | | (0.5)% | (88) | (0.4)% |
| Tax credits | (280) | (1.1)% | | | (328) | | (1.8)% | (280) | (1.4)% |
| Nontaxable or nondeductible items | 141 | 0.6% | | | 55 | | 0.3% | 90 | 0.4% |
First 8 of 13 rows. The CSV has all of them.
Table 58 after “billion and a corresponding increase of our net deferred tax liability. There is no material impact to our income tax expense or effective t”
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| Components of Net Deferred Tax Liability | | | |
| December 31 (in millions) | 2025 | 2024 | |
| Deferred Tax Assets: | | | |
| Net operating loss and other loss carryforwards(a) | $5,278 | | $4,415 |
| Advance on sale of investment (see Note 8) | — | | 2,437 |
| Nondeductible accruals and other | 4,493 | | 4,232 |
| Less: Valuation allowance(a) | 5,271 | | 4,498 |
| 4,500 | | 6,586 |
First 8 of 15 rows. The CSV has all of them.
Table 59 after “billion related to assets classified as held for sale as of December 31, 2025, for which a full valuation allowance is recognized.”
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| Changes in our Valuation Allowance for Deferred Tax Assets | | | | | |
| (in millions) | 2025 | 2024 | | 2023 | |
| Beginning balance | $4,498 | | $3,679 | | $3,295 |
| Additions charged to income tax expense and other accounts | 848 | | 910 | | 469 |
| Deductions from reserves | (75) | | (91) | | (84) |
| Ending balance | $5,271 | | $4,498 | | $3,679 |
Table 60 after “billion were included in other current assets within our consolidated balance sheet as of December 31, 2024. There were no net current feder”
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| Cash Payments for Income Taxes | | | | |
| Year ended December 31 (in millions) | 2025 | 2024 | 2023 | |
| Federal(a)(b) | $(89) | | $6,011 | $4,208 |
| State | 380 | | 742 | 596 |
| Foreign(c) | 464 | | 342 | 302 |
| Cash payments for income taxes | $755 | | $7,096 | $5,107 |
| Reconciliation of Unrecognized Tax Benefits | | | | | |
| (in millions) | 2025 | 2024 | | 2023 | |
| Gross unrecognized tax benefits, January 1 | $2,865 | | $2,593 | | $2,161 |
| Additions based on tax positions related to the current year | 297 | | 396 | | 546 |
| Additions based on tax positions related to prior years | 9 | | 201 | | 1 |
| Reductions for tax positions of prior years | (95) | | (268) | | (43) |
| Reductions due to expiration of statutes of limitations | (94) | | (29) | | (56) |
| Settlements with tax authorities and other | (55) | | (28) | | (15) |
First 8 of 9 rows. The CSV has all of them.
| Debt Outstanding | | | | | | | |
| December 31 (in billions) | Weighted-Average Interest Rate as of December 31, 2025(a) | Weighted-Average Interest Rate as of December 31, 2024(a) | | 2025(b) | 2024(b) | | |
| Term loans | 2.5% | | 3.2% | | | $3.2 | $3.1 |
| Senior notes with maturities of 5 years or less, at face value | 3.3% | | 3.4% | | | 25.4 | 26.7 |
| Senior notes with maturities between 5 and 10 years, at face value | 4.2% | | 3.6% | | | 18.7 | 18.1 |
| Senior notes with maturities greater than 10 years, at face value | 3.8% | | 3.9% | | | 55.4 | 55.4 |
| Finance lease obligations and other | | | | 2.1 | | 1.9 | |
| Debt issuance costs, premiums, discounts, fair value adjustments for acquisition accounting and hedged positions, net | | | | (5.9) | | (6.0) | |
First 8 of 11 rows. The CSV has all of them.
Table 63 after “billion, respectively. The estimated fair value of our publicly traded debt was primarily based on Level 1 inputs that use quoted market val”
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| Principal Maturities of Term Loans and Senior Notes | |
| (in billions) | |
| 2026 | $5.8 |
| 2027 | $4.9 |
| 2028 | $5.6 |
| 2029 | $4.7 |
| 2030 | $4.8 |
Table 64 after “We use financial instruments designated as hedging instruments primarily to manage exposures to (1) foreign exchange rate fluctuations resul”
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| | December 31, 2025 | December 31, 2024 | | | | |
| (in billions) | Designation | Notional | Net Derivative Asset (Liability) | Notional | Net Derivative Asset (Liability) | | |
| Foreign Exchange Risk | | | | | | | |
| Foreign Currency Denominated Debt | | | | | | | |
| Cross-currency swaps | Fair value hedge | $2.1 | | $0.1 | | $1.9 | $(0.1) |
| Cross-currency swaps | Cash flow hedge | 0.8 | | (0.2) | | 0.8 | (0.2) |
| Intercompany Loans | | | | | | | |
| Foreign currency forwards | Fair value hedge | 1.5 | | — | | 1.7 | 0.1 |
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| Year ended December 31 (in billions) | 2025 | 2024 | | 2023 | |
| Foreign currency transaction gains (losses) | $(0.3) | | $— | | $(0.2) |
| Derivative gains (losses) | $0.4 | | $0.1 | | $0.3 |
Table 66 after “The table below summarizes the amount of pre-tax gains (losses) related to net investment hedges recognized in the cumulative translation ad”
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| Year ended December 31 (in billions) | 2025 | 2024 | | 2023 | |
| Effect of net investment hedges | $(1.0) | | $0.9 | | $0.3 |
Table 67 after “million of liabilities included in accrued expenses and other current liabilities within our consolidated balance sheet. The fair value less”
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| Investment and Other Income (Loss), Net | | | | | |
| Year ended December 31 (in millions) | 2025 | 2024 | | 2023 | |
| Equity in net income (losses) of investees, net | $(591) | | $(680) | | $789 |
| Realized and unrealized gains (losses) on equity securities, net | (20) | | (313) | | (130) |
| Other income (loss), net | 10,114 | | 502 | | 592 |
| Investment and other income (loss), net | $9,503 | | $(490) | | $1,252 |
| Investments | | | |
| December 31 (in millions) | 2025 | 2024 | |
| Equity method | $6,674 | | $7,252 |
| Nonmarketable equity securities | 1,049 | | 1,221 |
| Other investments | 244 | | 195 |
| Total investments | 7,966 | | 8,668 |
| Less: Current investments | 14 | | 21 |
| Noncurrent investments | $7,952 | | $8,647 |
Table 69 after “billion, respectively. The assets and liabilities of Universal Beijing Resort primarily consist of property and equipment, operating lease a”
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| December 31 (in billions) | Weighted-Average Original Useful Life as of December 31, 2025 | 2025 | 2024 | |
| Distribution systems | 11 years | $50.9 | | $47.8 |
| Customer premise equipment | 6 years | 21.8 | | 23.2 |
| Buildings, theme park infrastructure and leasehold improvements | 30 years | 26.9 | | 22.1 |
| Other equipment | 13 years | 22.1 | | 18.1 |
| Construction in process | N/A | 2.4 | | 8.6 |
| Land | N/A | 2.3 | | 2.2 |
| Property and equipment, at cost | | 126.4 | | 122.1 |
First 8 of 10 rows. The CSV has all of them.
Table 70 after “billion, respectively. The assets and liabilities of Universal Beijing Resort primarily consist of property and equipment, operating lease a”
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| Property and Equipment by Geographic Location | | | |
| December 31 (in billions) | 2025 | 2024 | |
| United States | $55.9 | | $52.6 |
| Other | 9.8 | | 10.0 |
| Property and equipment, net | $65.7 | | $62.5 |
Table 71 after “Certain of our cable franchise agreements and lease agreements contain provisions requiring us to restore facilities or remove property in t”
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| (in billions) | Residential Connectivity & Platforms | Business Services Connectivity | Media | Studios | Theme Parks | Total | | |
| Balance, December 31, 2023 | | | | | | | | |
| Goodwill | $34.5 | | $2.2 | | $21.9 | $3.7 | $5.4 | $67.8 |
| Accumulated impairment losses | (6.3) | | — | | (2.2) | — | — | (8.5) |
| $28.2 | | $2.2 | | $19.7 | $3.7 | $5.4 | $59.3 |
| Foreign currency translation and other | (0.4) | | — | | (0.2) | — | (0.5) | (1.0) |
| Balance, December 31, 2024 | | | | | | | | |
| Goodwill | $33.9 | | $2.2 | | $21.7 | $3.7 | $5.0 | $66.4 |
First 8 of 16 rows. The CSV has all of them.
| Intangible Assets | | | | | | | |
| | 2025 | 2024 | | | | |
| December 31 (in billions) | Weighted-AverageOriginal Useful Lifeas of December 31, 2025 | GrossCarryingAmount | AccumulatedAmortization | GrossCarryingAmount | AccumulatedAmortization | | |
| Indefinite-Lived Intangible Assets: | | | | | | | |
| Franchise rights | N/A | $59.4 | | | $59.4 | | |
| FCC licenses | N/A | 2.8 | | | 2.8 | | |
| Total | | $62.2 | | | $62.2 | | |
| Finite-Lived Intangible Assets: | | | | | | | |
First 8 of 12 rows. The CSV has all of them.
Table 73 after “The table below presents the estimated amortization expense of our customer relationships and other agreements and rights, including trade n”
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| Estimated Amortization Expense | |
| (in billions) | |
| 2026 | $2.8 |
| 2027 | $0.6 |
| 2028 | $0.6 |
| 2029 | $0.6 |
| 2030 | $0.5 |
| As of and for the year ended December 31 (in millions) | 2025 | 2024 | 2023 | |
| Benefit obligation | $5,097 | | $4,812 | $4,507 |
| Interest expense | $374 | | $370 | $341 |
| Shares of Common Stock Outstanding | | | |
| (in millions) | Class A | Class B | |
| Balance, December 31, 2022 | 4,211 | | 9 |
| Stock compensation plans | 14 | | — |
| Repurchases and retirements of common stock | (262) | | — |
| Employee stock purchase plans | 7 | | — |
| Balance, December 31, 2023 | 3,969 | | 9 |
| Stock compensation plans | 14 | | — |
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| Weighted-Average Common Shares Outstanding | | | | |
| Year ended December 31 (in millions) | 2025 | 2024 | 2023 | |
| Weighted-average number of common shares outstanding – basic | 3,699 | | 3,885 | 4,122 |
| Effect of dilutive securities | 10 | | 24 | 25 |
| Weighted-average number of common shares outstanding – diluted | 3,709 | | 3,908 | 4,148 |
| Antidilutive securities | 237 | | 184 | 169 |
Table 77 after “shares of Class A Common Stock and classified as treasury stock in all periods presented in our consolidated balance sheets.”
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| Accumulated Other Comprehensive Income (Loss) | | | |
| December 31 (in millions) | 2025 | 2024 | |
| Cumulative translation adjustments | $(247) | | $(2,474) |
| Deferred gains (losses) on cash flow hedges | 44 | | 106 |
| Unrecognized gains (losses) on employee benefit obligations and other | 195 | | 325 |
| Accumulated other comprehensive income (loss), net of deferred taxes | $(8) | | $(2,043) |
| Year ended December 31 (in millions) | 2025 | 2024 | | 2023 | |
| Share-based compensation expense | $1,108 | | $1,069 | | $1,021 |
| Related income tax benefit | $181 | | $222 | | $203 |
Table 79 after “years based upon the achievement of certain performance conditions. These performance stock units are not material to our consolidated resul”
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| Stock Options and Restricted Share Units | | | |
| As of December 31, 2025, unless otherwise stated (in millions, except per share data) | Stock Options | RSUs | |
| Awards granted during 2025 | 1 | | 46 |
| Weighted-average exercise price of awards granted during 2025 | $35.98 | | |
| Stock options outstanding and unvested RSUs | 204 | | 78 |
| Weighted-average exercise price of stock options outstanding | $41.93 | | |
| Weighted-average fair value at grant date of unvested RSUs | | $37.71 | |
Table 80 after “The table below presents the weighted-average fair value on the date of grant of RSUs and stock options awarded under our various plans and ”
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| Year ended December 31 | 2025 | 2024 | | 2023 | |
| RSUs fair value | $34.49 | | $42.23 | | $37.14 |
| Stock options fair value | $7.21 | | $9.93 | | $8.41 |
| Stock Option Valuation Assumptions: | | | | | |
| Dividend yield | 3.7% | | 2.9% | | 3.2% |
| Expected volatility | 25.3% | | 24.8% | | 26.2% |
| Risk-free interest rate | 4.0% | | 4.2% | | 4.2% |
| Expected option life (in years) | 5.9 | 5.1 | | 5.9 | |
| Cash Payments for Interest | | | | |
| Year ended December 31 (in millions) | 2025 | 2024 | 2023 | |
| Interest | $3,871 | | $3,657 | $3,711 |
Table 82 after “The following table provides a reconciliation of cash, cash equivalents and restricted cash reported in the consolidated balance sheets to t”
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| December 31 (in millions) | 2025 | 2024 | |
| Cash and cash equivalents | $9,481 | | $7,322 |
| Restricted cash included in other current assets and other noncurrent assets, net(a) | 1,078 | | 55 |
| Cash, cash equivalents and restricted cash, end of year | $10,559 | | $7,377 |
| Operating Lease Assets and Liabilities Recorded in our Consolidated Balance Sheets | | | |
| December 31 (in millions) | 2025 | 2024 | |
| Other noncurrent assets, net | $5,287 | | $5,524 |
| Accrued expenses and other current liabilities | $686 | | $751 |
| Other noncurrent liabilities | $5,410 | | $5,569 |
| Future Minimum Lease Commitments for Operating Leases | |
| (in millions) | December 31, 2025 |
| 2026 | $889 |
| 2027 | 840 |
| 2028 | 703 |
| 2029 | 494 |
| 2030 | 382 |
| Thereafter | 6,337 |
First 8 of 11 rows. The CSV has all of them.
Table 85 after “The term of office of each of our executive officers continues until his successor is selected and qualified or until his earlier death, res”
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| Name | Age | Officer Since | Position with Comcast |
| Brian L. Roberts | 66 | 1986 | Chairman and Co-Chief Executive Officer |
| Michael J. Cavanagh | 60 | 2015 | Co-Chief Executive Officer |
| Jason S. Armstrong | 49 | 2023 | Chief Financial Officer |
| Jennifer Khoury | 52 | 2023 | Chief Communications Officer |
| Thomas J. Reid | 61 | 2019 | Chief Legal Officer and Secretary |
Table 86 after “(b) Exhibits required to be filed by Item 601 of Regulation S-K (all of which are under Commission File No. 001-32871, except as otherwise n”
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| 3.1 | Amended and Restated Articles of Incorporation of Comcast Corporation (incorporated by reference to Exhibit 3.1 to Comcast’s Current Report on Form 8-K filed on December 15, 2025). |
| 3.1.1 | Amendment to Amended and Restated Articles of Incorporation designating Class A Equivalent Preferred Stock (incorporated by reference to Exhibit 3.2 to Comcast’s Current Report on Form 8-K dated December 15, 2025). |
| 3.1.2 | Amendment to Amended and Restated Articles of Incorporation eliminating Class A Equivalent Preferred Stock. |
| 3.2 | Amended and Restated By-Laws of Comcast Corporation (incorporated by reference to Exhibit 3.2 to Comcast’s Annual Report on Form 10-K for the year ended December 31, 2024). |
| 4.1 | Specimen Class A Common Stock Certificate (incorporated by reference to Exhibit 4.1 to Comcast’s Annual Report on Form 10-K for the year ended December 31, 2002). |
| 4.2 | Indenture, dated January 7, 2003, between Comcast Corporation, the subsidiary guarantor party thereto, and The Bank of New York Mellon (f/k/a The Bank of New York), as trustee (incorporated by reference to Exhibit 4.4 to Comcast’s Annual Report on Form 10-K for the year ended December 31, 2008). |
| 4.3 | First Supplemental Indenture, dated March 25, 2003, to the Indenture between Comcast Corporation, the subsidiary guarantors party thereto, and The Bank of New York Mellon (f/k/a The Bank of New York), as trustee, dated January 7, 2003 (incorporated by reference to Exhibit 4.5 to Comcast’s Annual Report on Form 10-K for the year ended December 31, 2008). |
| 4.4 | Second Supplemental Indenture, dated August 31, 2009, to the Indenture between Comcast Corporation, the subsidiary guarantors party thereto, and The Bank of New York Mellon, as Trustee, dated January 7, 2003, as supplemented by a First Supplemental Indenture dated March 25, 2003 (incorporated by reference to Exhibit 4.1 to Comcast’s Current Report on Form 8-K filed on September 2, 2009). |
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| 4.10 | Indenture, dated as of April 30, 2010, between NBC Universal, Inc. (n/k/a NBCUniversal Media, LLC) and The Bank of New York Mellon, as trustee (incorporated by reference to Exhibit 4 to the Registration Statement on Form S-4 of NBCUniversal Media, LLC (Commission File No. 333-174175) filed on May 13, 2011). |
| 4.11 | First Supplemental Indenture, dated March 27, 2013, to the Indenture between NBCUniversal Media, LLC (f/k/a NBC Universal, Inc.) and The Bank of New York Mellon, as trustee, dated April 30, 2010 (incorporated by reference to Exhibit 4.3 to Comcast’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2013). |
| 4.12 | Second Supplemental Indenture, dated October 1, 2015, to the Indenture dated April 30, 2010 between NBC Universal, Inc. (n/k/a NBCUniversal Media, LLC) and The Bank of New York Mellon, as trustee, as supplemented by a First Supplemental Indenture dated March 27, 2013 (incorporated by reference to Exhibit 4.2 to Comcast’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2015). |
| 4.13 | Trust Deed dated September 5, 2014 among BSKYB Finance UK plc, British Sky Broadcasting Group plc, the initial guarantors party thereto and BNY Mellon Corporate Trustee Services Limited, as trustee (incorporated by reference to Exhibit 4.13 to Comcast’s Annual Report on Form 10-K for the year ended December 31, 2018). |
| 4.14 | Supplemental Trust Deed dated March 18, 2015 among Sky Group Finance plc (f/k/a BSKYB Finance UK plc), Sky plc (f/k/a British Sky Broadcasting Group plc), the initial guarantors party thereto and BNY Mellon Corporate Trustee Services Limited, as trustee (incorporated by reference to Exhibit 4.14 to Comcast’s Annual Report on Form 10-K for the year ended December 31, 2018). |
| 4.15 | Description of Comcast Corporation’s securities registered pursuant to Section 12 of the Securities Exchange Act. |
| Certain instruments defining the rights of holders of long-term obligation of the registrant and certain of its subsidiaries (the total amount of securities authorized under each of which does not exceed ten percent of the total assets of the registrant and its subsidiaries on a consolidated basis), are omitted pursuant to Item 601(b)(4)(iii)(A) of Regulation S-K. We agree to furnish copies of any such instruments to the SEC upon request. |
| 4.16 | Registration Rights Agreement, dated as of October 2, 2025 (incorporated by reference to Exhibit 4.2 to Comcast’s Current Report on Form 8-K filed on October 2, 2025). |
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| 10.12* | Employment Agreement with Brian L. Roberts, dated as of July 26, 2017 (incorporated by reference to Exhibit 10.2 to Comcast’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2017). |
| 10.13* | Amendment No. 1 to Employment Agreement with Brian L. Roberts, dated as of December 16, 2019 (incorporated by reference to Exhibit 10.20 to Comcast’s Annual Report on Form 10-K for the year ended December 31, 2019). |
| 10.14* | Employment Agreement dated as of December 19, 2025 between Comcast Corporation and Michael J. Cavanagh. |
| 10.15* | Employment Agreement dated as of January 6, 2023 between Comcast Corporation and Jason S. Armstrong (incorporated by reference to Exhibit 10.16 to Comcast’s Annual Report on Form 10-K for the year ended December 31, 2022). |
| 10.16* | Employment Agreement between Comcast Corporation and Jennifer Khoury, dated as of December 31, 2022 (incorporated by reference to Exhibit 10.2 to Comcast’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2024). |
| 10.17* | Employment Agreement between Comcast Corporation and Thomas J. Reid, dated as of April 17, 2024 (incorporated by reference to Exhibit 10.3 to Comcast’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2024). |
| 10.18* | Form of Non-Qualified Stock Option and Long-Term Incentive Awards Summary Schedule under the Comcast Corporation 2003 Stock Option Plan (incorporated by reference to Exhibit 10.18 to Comcast’s Annual Report on Form 10-K for the year ended December 31, 2024). |
| 10.19* | Form of Non-Qualified Stock Option and Long-Term Incentive Awards Summary Schedule under the Comcast Corporation 2023 Omnibus Equity Incentive Plan (incorporated by reference to Exhibit 10.19 to Comcast’s Annual Report on Form 10-K for the year ended December 31, 2024). |
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| 10.31 | Amendment to the Consultant Agreement, dated as of October 18, 2009, between Steven Spielberg, Diamond Lane Productions, Inc. and Universal City Development Partners, Ltd. (incorporated by reference to Exhibit 10.52 to the Registration Statement on Form S-4 of Universal City Development Partners, Ltd. and UCDP Finance, Inc. filed on January 20, 2010 (File No. 333-164431)). |
| 10.32 | Letter Agreement dated July 15, 2003, among Diamond Lane Productions, Vivendi Universal Entertainment LLLP and Universal City Development Partners, Ltd. (incorporated by reference to Exhibit 10.51 to the Registration Statement on Form S-4 of Universal City Development Partners, Ltd. and UCDP Finance, Inc. filed on January 20, 2010 (File No. 333-164431)). |
| 19 | Comcast Corporation Insider Trading Policies (incorporated by reference to Exhibit 19 to Comcast’s Annual Report on Form 10-K for the year ended December 31, 2024). |
| 21 | List of subsidiaries. |
| 22 | Subsidiary guarantors and issuers of guaranteed securities and affiliates whose securities collateralize securities of the registrant (incorporated by reference to Exhibit 22 to Comcast’s Annual Report on Form 10-K for the year ended December 31, 2024). |
| 23 | Consent of Deloitte & Touche LLP. |
| 31 | Certification of Co-Chief Executive Officers and Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. |
| 32 | Certification of Co-Chief Executive Officers and Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. |
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Table 90 after “Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of”
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| Signature | Title | Date |
| /s/ BRIAN L. ROBERTS | Chairman and Co-Chief Executive Officer; Director (Principal Executive Officer) | February 3, 2026 |
| Brian L. Roberts | | |
| /s/ MICHAEL J. CAVANAGH | Co-Chief Executive Officer; Director (Principal Executive Officer) | February 3, 2026 |
| Michael J. Cavanagh | | |
| /s/ JASON S. ARMSTRONG | Chief Financial Officer(Principal Financial Officer) | February 3, 2026 |
| Jason S. Armstrong | | |
| /s/ DANIEL C. MURDOCK | Executive Vice President, Chief AccountingOfficer and Controller(Principal Accounting Officer) | February 3, 2026 |
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