01—Abstract
Summary
Summary of the 8-K filed November 2, 2011. Cited figures are marked; the original filing is the authoritative source.
Comcast Corporation (CMCSA) filed an 8-K report on November 2, 2011, primarily to announce its financial and operational results for the third quarter and the first nine months of 2011.
The report includes a press release detailing these results and an accompanying explanation of non-GAAP financial measures used in the reporting. Investors should note that while this filing provides key financial performance indicators, it is not intended to be incorporated into other SEC filings, and the company explicitly states that the press release and explanation are not considered 'filed' under the Securities Exchange Act of 1934. The core of this filing lies in the disclosure of operational and financial performance for the period ending September 30, 2011.
Investors will find information regarding revenue, profitability, and potentially key operational metrics related to Comcast's core businesses such as cable, broadband, and media. The inclusion of non-GAAP measures suggests the company is highlighting performance metrics it believes are most indicative of its underlying business trends and operational efficiency, which is common practice for communicating performance to shareholders.
02—Key points
Key Highlights
- Comcast Corporation reported its Q3 and nine-month 2011 financial and operational results via an 8-K filing on November 2, 2011.
- The filing includes a press release (Exhibit 99.1) detailing the company's performance for the periods ending September 30, 2011.
- An explanation of non-GAAP financial measures used in the press release is also provided (Exhibit 99.2).
- The company states that the press release and explanation of non-GAAP measures are furnished, not filed, and not incorporated by reference into other filings.
- The report provides investors with insight into Comcast's performance during the specified periods.
- The Principal Accounting Officer, Lawrence J. Salva, signed the report, indicating official corporate action regarding the disclosed information.
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 publicly announce and provide details on Comcast Corporation's financial and operational results for the three and nine months ended September 30, 2011, through an attached press release.
Does this filing contain unaudited or audited financial statements?
This 8-K filing contains a press release detailing the results of operations for the specified periods. Typically, press releases accompanying 8-Ks provide unaudited financial information. For audited statements, investors would refer to the company's subsequent Form 10-Q or 10-K filings.
Why does Comcast provide non-GAAP financial measures?
Comcast provides non-GAAP financial measures because management believes they offer additional useful information to investors about the company's financial condition and results of operations. These measures can sometimes provide a clearer view of ongoing operational performance by excluding certain items that management believes are not reflective of the company's core business trends. An explanation and reconciliation to GAAP measures are included.
Will the information in this 8-K be automatically included in future SEC filings?
No, Comcast explicitly states that the information furnished in this Item 2.02 and its exhibits (the press release and explanation of non-GAAP measures) are not intended to be treated as 'filed' under the Securities Exchange Act of 1934, nor are they incorporated by reference into other filings.
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