01—Abstract
Summary
Summary of the 8-K filed October 30, 2013. Cited figures are marked; the original filing is the authoritative source.
Comcast Corporation filed an 8-K report on October 30, 2013, primarily to announce its financial results for the third quarter and the first nine months of 2013.
The report references a press release detailing these results and provides supplementary information regarding the use of non-GAAP financial measures. Investors should note that this filing is intended to provide an update on operational performance and financial condition as of September 30, 2013.
The key takeaway for investors is that Comcast is providing detailed financial reporting, including explanations for their use of non-GAAP metrics, which is intended to offer a more comprehensive view of the company's performance. While the 8-K itself does not contain the detailed financial statements, it directs investors to the attached press release (Exhibit 99.1) for this crucial information and a reconciliation of GAAP to non-GAAP figures (Exhibit 99.2).
02—Key points
Key Highlights
- Comcast Corporation (CMCSA) filed an 8-K on October 30, 2013, reporting its financial results.
- The report covers the three and nine months ended September 30, 2013.
- A press release (Exhibit 99.1) containing the detailed financial results is attached to the filing.
- Comcast provided an explanation of its use of non-GAAP financial measures (Exhibit 99.2).
- The company stated that the presentation of non-GAAP measures is intended to provide useful information to investors.
- Reconciliations between GAAP and non-GAAP financial measures are included in the press release.
- The filing specifically states that these items are not intended to be treated as 'filed' under the Securities Exchange Act of 1934.
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 third quarter and the first nine months of 2013, which ended on September 30, 2013. It includes a press release with the detailed results and explanations for the use of non-GAAP financial measures.
Where can I find the detailed financial results?
The detailed financial results for the periods ended September 30, 2013, can be found in the press release attached as Exhibit 99.1 to this 8-K filing. The filing itself does not contain the full financial statements but directs investors to this exhibit.
Why is Comcast discussing non-GAAP financial measures?
Comcast is discussing non-GAAP financial measures because management believes they provide useful insights into the company's financial condition and operational results. Exhibit 99.2 of the filing explains the specific reasons for using these measures and how they are utilized internally, along with reconciliations to the most directly comparable GAAP measures provided in the press release.
Is this information considered 'filed' with the SEC?
No, Comcast explicitly states in the filing that Item 2.02, Exhibit 99.1, and Exhibit 99.2 are not intended to be treated as 'filed' under the Securities Exchange Act of 1934. This means they are furnished for informational purposes rather than being formally filed.
04—Continue