01—Abstract
Summary
Summary of the 8-K filed January 24, 2018. Cited figures are marked; the original filing is the authoritative source.
Comcast Corporation (CMCSA) filed an 8-K on January 24, 2018, to report its financial results for the fourth quarter and full year ended December 31, 2017.
The filing primarily consists of a press release detailing these results, along with 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 details. The company also provided context for its non-GAAP metrics, explaining their utility for investors and management (Exhibit 99.2).
02—Key points
Key Highlights
- Comcast Corporation announced its Q4 and full-year 2017 financial results via an 8-K filing on January 24, 2018.
- The filing includes a press release (Exhibit 99.1) containing the detailed financial and operational results for the periods ending December 31, 2017.
- Comcast provided an explanation of its use of non-GAAP financial measures, detailing their importance for investors and management (Exhibit 99.2).
- Reconciliations between non-GAAP and GAAP financial measures are included within the press release itself.
- The company explicitly states that the information in Item 2.02 and its exhibits are not considered 'filed' for regulatory purposes, meaning they are furnished rather than formally incorporated.
- The filing was signed by Daniel C. Murdock, Senior Vice President, Chief Accounting Officer and Controller.
03—Questions
Frequently Asked Questions
Where can I find the detailed financial results for Comcast's fourth quarter and full year 2017?
The detailed financial results are presented in the press release attached as Exhibit 99.1 to this 8-K filing.
What is the significance of Exhibit 99.2?
Exhibit 99.2 explains the non-GAAP financial measures used by Comcast in its earnings release. It details why the company believes these measures provide useful information to investors and how management uses them.
Are the financial results presented in this 8-K considered 'filed' with the SEC?
No, Comcast states that the information provided in Item 2.02 and its exhibits are furnished and not considered 'filed' under the Securities Exchange Act of 1934. This means they are provided for informational purposes but are not subject to the same liability provisions as filed documents.
Can I find GAAP to non-GAAP reconciliations in this filing?
Yes, the press release (Exhibit 99.1) that is attached to this 8-K filing includes the necessary reconciliations between Comcast's non-GAAP financial measures and the most directly comparable GAAP financial measures.
04—Continue