01—Abstract
Summary
Summary of the 8-K filed February 15, 2012. Cited figures are marked; the original filing is the authoritative source.
Comcast Corporation (CMCSA) filed an 8-K on February 15, 2012, to report its financial results for the three and twelve months ended December 31, 2011.
The primary purpose of this filing is to furnish investors with the company's earnings press release and an explanation of any non-GAAP financial measures used. While the 8-K itself does not contain the detailed financial figures, it directs investors to the attached press release (Exhibit 99.1) for the comprehensive results.
The company also provided an explanation (Exhibit 99.2) on why these non-GAAP measures are considered useful for understanding Comcast's financial condition and operational performance, along with reconciliations to GAAP equivalents. Investors are advised to review these exhibits for a full understanding of the reported financial performance.
02—Key points
Key Highlights
- Comcast announced its fourth quarter and full-year 2011 financial results on February 15, 2012.
- The 8-K filing primarily serves to attach the earnings press release (Exhibit 99.1) and a supplemental explanation of financial measures (Exhibit 99.2).
- Investors can find detailed operational and financial performance data in the accompanying press release.
- Comcast provides an explanation for the use of non-GAAP financial measures, aiming to offer useful insights to investors.
- Reconciliations between non-GAAP and GAAP financial measures are included within the earnings press release.
- The filing clarifies that the content is furnished, not filed, meaning it does not automatically become part of other SEC filings.
- 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 by Comcast?
The main purpose of this 8-K filing is to officially report Comcast's financial results for the fourth quarter and full year ended December 31, 2011, by attaching the company's earnings press release and an explanatory document regarding its financial measures.
Where can I find the specific financial results for Comcast for Q4 and FY 2011?
The specific financial results are detailed in the press release attached as Exhibit 99.1 to this 8-K filing. You will need to refer to that document for the numbers and performance metrics.
What are non-GAAP financial measures, and why does Comcast use them?
Non-GAAP financial measures are performance 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 believes these non-GAAP measures provide useful information to investors by offering a clearer view of the company's financial condition and results of operations, as explained in Exhibit 99.2.
Does this filing impact Comcast's other SEC filings?
No, Comcast explicitly states that this Item 2.02 filing and its exhibits are furnished and not 'filed' under the Securities Exchange Act of 1934. This means they are not automatically incorporated by reference into other SEC filings, such as those under the Securities Act of 1933.
04—Continue