COMCAST CORP
For the period ended Dec 31, 2025. Filed Feb 3, 2026.
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FY2025 · Filed Feb 3, 2026
CCZ$62.32-1.7%Stored close · as of Nov 5, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
| 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) |
| Deferred income taxes | 2,674 | (902) | (2,739) |
| Changes in operating assets and liabilities, net of effects of acquisitions and divestitures: | |||
| Current and noncurrent receivables, net | (135) | 136 | (996) |
| Film and television costs, net | 338 | 290 | (260) |
| Accounts payable and accrued expenses related to trade creditors | (20) | (758) | (520) |
| Other operating assets and liabilities | 1,994 | (4,611) | 2,784 |
| Net cash provided by operating activities | 33,643 | 27,673 | 28,501 |
| Investing Activities | |||
| Capital expenditures | (11,750) | (12,181) | (12,242) |
| Cash paid for intangible assets | (2,658) | (2,949) | (3,298) |
| Construction of Universal Beijing Resort | (11) | (116) | (137) |
| Acquisitions, net of cash acquired | (1,306) | (119) | — |
| Proceeds from sales of businesses and investments | 670 | 771 | 661 |
| Advance on sale of investment | — | — | 8,610 |
| Purchases of investments | (1,302) | (1,082) | (1,313) |
| Other | 199 | 6 | 558 |
| Net cash provided by (used in) investing activities | (16,157) | (15,670) | (7,161) |
| Financing Activities | |||
| Proceeds from (repayments of) short-term borrowings, net | — | — | (660) |
| Proceeds from borrowings | 3,494 | 6,268 | 6,052 |
| Repurchases and repayments of debt | (5,740) | (3,573) | (4,015) |
| Repayment of collateralized obligation | — | — | (5,175) |
| Repurchases of common stock under repurchase program and employee plans | (7,155) | (9,103) | (11,291) |
| Dividends paid | (4,894) | (4,814) | (4,766) |
| Other | (50) | 339 | 5 |
| Net cash provided by (used in) financing activities | (14,346) | (10,883) | (19,850) |
| Impact of foreign currency on cash, cash equivalents and restricted cash | 42 | (26) | 9 |
| Increase (decrease) in cash, cash equivalents and restricted cash | 3,182 | 1,095 | 1,500 |
| Cash, cash equivalents and restricted cash, beginning of year | 7,377 | 6,282 | 4,782 |
| Cash, cash equivalents and restricted cash, end of year | $10,559 | $7,377 | $6,282 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.