01—Abstract
Summary
Summary of the 8-K filed May 3, 2011. Cited figures are marked; the original filing is the authoritative source.
Comcast Corporation (CMCSA) filed an 8-K on May 3, 2011, to report its financial results for the first quarter ended March 31, 2011.
The report primarily consists of a press release detailing the company's operational and financial performance for the period. Investors should note that this filing includes non-GAAP financial measures, with Comcast providing explanations and reconciliations to GAAP measures to offer a more comprehensive view of its business performance.
The key takeaway for investors is that Comcast is sharing its quarterly financial performance and is transparent about the use of non-GAAP metrics. While the 8-K itself does not contain the detailed financial statements, it directs readers to the attached press release (Exhibit 99.1) for the actual results and an accompanying explanation (Exhibit 99.2) of the financial measures used.
02—Key points
Key Highlights
- Comcast Corporation filed an 8-K on May 3, 2011, reporting Q1 2011 financial results.
- The filing includes a press release (Exhibit 99.1) detailing the company's operational and financial condition for the quarter ended March 31, 2011.
- Comcast utilized non-GAAP financial measures in its earnings report.
- An explanation of these non-GAAP measures and their usefulness to investors is provided in Exhibit 99.2.
- Reconciliations between non-GAAP and GAAP financial measures are included within the press release itself.
- This filing does not incorporate the results by reference into other SEC filings.
- The report was signed by Lawrence J. Salva, Senior Vice President, Chief Accounting Officer, and Controller.
03—Questions
Frequently Asked Questions
What is the primary purpose of this 8-K filing?
The primary purpose of this 8-K filing is to report Comcast Corporation's financial results for the three months ended March 31, 2011, through an attached press release.
Where can I find the detailed financial results for Q1 2011?
The detailed financial results for Q1 2011 are provided in the press release attached as Exhibit 99.1 to this 8-K filing.
Does Comcast use non-GAAP financial measures, and why?
Yes, Comcast uses non-GAAP financial measures. They believe these measures provide useful information to investors regarding their financial condition and results of operations, and an explanation is provided in Exhibit 99.2.
Are the financial results presented in this 8-K considered 'filed' for other SEC reporting purposes?
No, Comcast states that this Item 2.02 filing and its exhibits are not intended to be treated as 'filed' under the Securities Exchange Act of 1934, nor incorporated by reference into other filings under the Securities Act of 1933.
04—Continue