01—Abstract
Summary
Summary of the 8-K filed January 26, 2017. Cited figures are marked; the original filing is the authoritative source.
Comcast Corporation filed an 8-K on January 26, 2017, to report its financial results for the three and twelve months ended December 31, 2016.
The filing primarily consists of the press release detailing these results and an explanation of the non-GAAP financial measures used. Investors should refer to the attached press release (Exhibit 99.1) for specific operational and financial performance data.
The company also provided context for its non-GAAP financial presentations, explaining their utility to investors and how management utilizes these measures. This filing emphasizes that the press release and accompanying explanations are not intended to be considered 'filed' under the Securities Exchange Act, meaning they do not automatically become part of other SEC filings.
02—Key points
Key Highlights
- Comcast announced its fourth quarter and full-year 2016 financial results via an 8-K filing on January 26, 2017.
- The filing includes the official press release detailing the company's operational and financial performance for the periods ending December 31, 2016.
- An explanation of the non-GAAP financial measures used in the reporting is provided to inform investors.
- The company states that these presented financial measures offer useful insights into Comcast's financial condition and operational results.
- The press release and explanations of non-GAAP measures are furnished, not filed, with the SEC, limiting their incorporation into other filings.
- Lawrence J. Salva, Executive Vice President and Chief Accounting Officer, signed the filing.
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 officially report Comcast Corporation's financial results for the three and twelve months ended December 31, 2016, through an attached press release.
Where can I find the detailed financial results?
The detailed financial results are provided in Exhibit 99.1, which is the Comcast Corporation press release dated January 26, 2017, attached to this 8-K filing.
What are non-GAAP financial measures, and why are they included?
Non-GAAP financial measures are accounting metrics that exclude certain items from GAAP (Generally Accepted Accounting Principles) results. Comcast includes them in Exhibit 99.2 to provide investors with additional insights into the company's financial condition and results of operations that management also uses.
Are the financial results presented in this 8-K considered 'filed' with the SEC?
No, Comcast explicitly states that the press release (Exhibit 99.1) and the explanation of non-GAAP measures (Exhibit 99.2) are furnished, not filed, under the Securities Exchange Act of 1934. This means they do not automatically get incorporated by reference into other SEC filings.
04—Continue