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Summary BUS 401 Week 2 Draft.docx Comcast Corporation Ashford University BUS 401: Principles of Finance Comcast Corporation œAn income statement is one of the three important financial statements used for reporting a company s financial performance over a$7.49
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Summary BUS 401 Week 2 Draft.docx Comcast Corporation Ashford University BUS 401: Principles of Finance Comcast Corporation œAn income statement is one of the three important financial statements used for reporting a company s financial performance over a
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BUS 401 Week 2 D Comcast Corporation Ashford University BUS 401: Principles of Finance Comcast Corporation œAn income statement is one of the three important financial statements used for reporting a company s financial performance over a specific accounting period. (Chen, 2020, para. 1...
bus 401 week 2 draftdocx comcast corporation ashford university bus 401 principles of finance comcast corporation œan income statement is one of the three important financial statements used
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Comcast Corporation
Ashford University
BUS 401: Principles of Finance
Comcast Corporation
“An income statement is one of the three important financial statements used for
reporting a company’s financial performance over a specific accounting period.” (Chen, 2020,
, 2
para. 1) The income statement offers a glimpse of revenue information for the company.
Looking at the income statement (Table 1) for the previous three years of 2017, 2018, and 2019
you can see an increase in revenue and gross profit from year to year. Those are positive trends
for an investor. It increases every year because Comcast is one of the nation’s largest providers
of high-speed internet, video, voice and security to residential customers under the Xfinity brand.
High-speed internet was one major reason why revenue increases every year. A negative trend
that emerges from the income statement is the investment and other income net. This was
primarily due to the method investments in Atairos Group and Hulu. The losses were driven by
its higher programming, advertising and marketing cost, and higher other administrative
expenses.They took a significant loss in 2018, but they bound back in 2019. All values are in
USD millions.
Table 1
Comcast Corp. Consolidated Income Statement
Note. This table provide income statement for the last 3 years.
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