8-K/AExhibits & Filings

COMCAST CORP 8-K/A Report, Exhibit Filing (Dec 18, 2018)

Filed December 18, 2018For Securities:CMCSACCZ

Summary

This 8-K/A filing by Comcast Corporation (CMCSA) serves as an amendment to a previous filing, primarily to include the historical financial statements of Sky plc, following Comcast's acquisition of a controlling interest in Sky on October 9, 2018. Investors seeking to understand the financial implications of this significant acquisition will find the audited consolidated financial statements of Sky for the year ended June 30, 2018, now included as an exhibit. Furthermore, the filing provides unaudited pro forma financial information. This includes condensed combined statements of income for the six months ended June 30, 2018, and the full year 2017, along with a pro forma condensed combined balance sheet as of June 30, 2018. These pro forma statements are crucial for investors as they illustrate the combined financial picture of Comcast and Sky, incorporating purchase accounting adjustments and the impact of financing for the acquisition, while also reconciling differences between IFRS and U.S. GAAP. The inclusion of these financial details is vital for a comprehensive assessment of the Sky acquisition's impact on Comcast's overall financial health and future performance.

Key Highlights

  • 1Comcast has filed an amendment (8-K/A) to provide crucial financial information related to its acquisition of Sky plc.
  • 2The filing includes the audited consolidated financial statements of Sky plc for the fiscal year ended June 30, 2018.
  • 3Unaudited pro forma condensed combined financial statements are provided, reflecting the Sky acquisition.
  • 4Pro forma statements cover income for the six months ended June 30, 2018, and the full year 2017, as well as a balance sheet as of June 30, 2018.
  • 5The pro forma information incorporates purchase accounting adjustments and financing impacts related to the Sky acquisition.
  • 6Reconciliation between Sky's historical IFRS reporting and U.S. GAAP is presented within the pro forma financial information.
  • 7The filing also includes the consent of Deloitte LLP, Sky's independent auditors.

Frequently Asked Questions

The primary purpose of this filing is to amend the original 8-K report by including the historical financial statements of Sky plc and pro forma financial information, which are necessary to fully reflect the financial impact of Comcast's acquisition of a controlling interest in Sky.

The filing includes the audited consolidated financial statements of Sky plc as of and for the year ended June 30, 2018.

The unaudited pro forma financial information shows Comcast's condensed combined statements of income for the six months ended June 30, 2018, and the year ended December 31, 2017, as well as a condensed combined balance sheet as of June 30, 2018. This information gives effect to the Sky acquisition, including purchase accounting adjustments and financing impacts, and reconciles differences between IFRS and U.S. GAAP.

Comcast obtained a controlling interest in Sky plc on October 9, 2018.