01—Abstract
Summary
Summary of the 8-K filed August 3, 2011. Cited figures are marked; the original filing is the authoritative source.
Comcast Corporation (CMCSA) filed an 8-K on August 3, 2011, primarily to report its financial results for the second quarter and first half of 2011.
The filing includes a press release detailing these results and an explanation of the non-GAAP financial measures used, which management believes offer useful insights to investors. While the 8-K itself does not contain the detailed financial figures, it directs investors to the attached exhibits for a comprehensive overview of the company's operational and financial performance during the period. Investors should note that this filing serves as a notification of the earnings release and an accompanying explanation of financial metrics.
The actual financial performance data, including revenue, earnings, and other key operational metrics, is contained within the referenced press release (Exhibit 99.1). The company emphasizes that these non-GAAP measures are supplementary and provides a reconciliation to GAAP figures, aiming to offer a clearer picture of underlying business performance.
02—Key points
Key Highlights
- Comcast Corporation filed an 8-K on August 3, 2011, to report its Q2 and H1 2011 financial results.
- The filing includes a press release (Exhibit 99.1) detailing the company's operational and financial performance.
- An explanation of non-GAAP financial measures used by Comcast is provided in Exhibit 99.2.
- Comcast's management believes these non-GAAP measures offer valuable insights to investors.
- A reconciliation between non-GAAP and GAAP financial measures is included within the press release.
- The company states that the information in Item 2.02 and its exhibits is not considered 'filed' for the purposes of the Exchange Act.
- Lawrence J. Salva, Senior Vice President, Chief Accounting Officer and Controller, signed the report.
03—Questions
Frequently Asked Questions
What is the main purpose of this 8-K filing?
The main purpose of this 8-K filing is to report Comcast Corporation's financial results for the three and six months ended June 30, 2011. It includes a press release with the detailed results and an explanation of the non-GAAP financial measures used.
Where can I find the actual financial results?
The detailed financial results are provided in the press release attached as Exhibit 99.1 to this 8-K filing. The 8-K report itself mainly serves as a notification and reference to these exhibits.
What are non-GAAP financial measures and why does Comcast use them?
Non-GAAP financial measures are financial metrics that exclude or include amounts different from the most directly comparable measure calculated and presented in accordance with Generally Accepted Accounting Principles (GAAP). Comcast uses them because management believes they provide useful information to investors about the company's financial condition and results of operations, potentially offering a clearer view of underlying business performance. A reconciliation to GAAP is provided.
Is the information in this filing considered 'filed' for regulatory purposes?
Comcast states that Item 2.02 and its exhibits (Exhibit 99.1 and Exhibit 99.2) are not intended to be treated as 'filed' under the Securities Exchange Act of 1934 or incorporated into other filings under the Securities Act of 1933. This means they are furnished for informational purposes rather than formally filed.
04—Continue