Summary
Comcast Corporation (CMCSA) filed an 8-K on November 4, 2009, to report its third-quarter and nine-month financial results for the period ended September 30, 2009. The primary purpose of this filing is to attach the press release detailing these operational and financial outcomes, along with an explanation of the non-GAAP financial measures used. This provides investors with insights into the company's performance during this period, allowing for a deeper understanding of its financial condition beyond standard GAAP reporting.
Key Highlights
- 1Comcast Corporation filed an 8-K on November 4, 2009, reporting Q3 and year-to-date 2009 financial results.
- 2The filing includes a press release (Exhibit 99.1) detailing the company's operational and financial performance for the periods ending September 30, 2009.
- 3An explanation of non-GAAP financial measures used in the reporting is provided as Exhibit 99.2.
- 4Comcast asserts that these non-GAAP measures offer useful information to investors regarding financial condition and results of operations.
- 5Reconciliations between non-GAAP and comparable GAAP financial measures are included within the press release.
- 6The company's principal executive offices are located in Philadelphia, PA.
- 7The filing acknowledges that the included information is not intended to be 'filed' under the Exchange Act or incorporated into other SEC filings.
Frequently Asked Questions
The main purpose of this 8-K filing is to officially report Comcast Corporation's financial results for the third quarter and the first nine months of 2009, as well as to provide supporting documentation, including the press release and an explanation of non-GAAP financial measures used.
The detailed financial results are primarily contained within the press release attached as Exhibit 99.1 to this 8-K filing. A reconciliation of non-GAAP to GAAP measures is also included in that press release.
Non-GAAP financial measures are financial metrics that are not calculated in accordance with Generally Accepted Accounting Principles (GAAP). Comcast uses them, as explained in Exhibit 99.2, because management believes they provide useful additional information to investors about the company's financial condition and results of operations, potentially offering a clearer view of performance by excluding certain items.
This specific 8-K filing, dated November 4, 2009, is focused on reporting historical financial results. While press releases often contain forward-looking statements, the core purpose of this 8-K is to disclose past performance. Specific details on new initiatives would typically be found within the press release itself or in other filings, not necessarily in the 8-K's primary function of reporting results.