BUSINESS DECISION: THE INCOME STATEMENT

Use the consolidated statements of income for Comcast Corporation to answer the questions below.

COMCAST CORPORATION
CONSOLIDATED STATEMENT OF INCOME
Year ended December 31
(in millions, except per share data)		2013		2012		2011
Revenue		$55,640		$37,937		$36,656
Cost and Expenses:
Operating costs and expenses		36,873		24,055		22,202
Depreciation		5,628		5,617		5,483
Amortization		1,596		1,097		1,026
		44,097		30,769		28,711
Operating income		11,543		7,168		7,945
Other Income (Expense):
Interest expense		(2,405)		(2,196)		(2,378)
Investment income (loss), net		141		296		297
Equity in net income (losses) of investees, net		(29)		(149)		(65)
Other income (expense), net		(127)		133		23
		(2,420)		(1,916)		(2,123)
Income before income taxes		9,123		5,252		5,822
Income tax expense		(2,930)		(2,486)		(1,448)
Net income		6,193		2,766		4,374
Net (income) loss attributable to noncontrolling interests and redeemable subsidiary preffered stock		(997)		(35)		15
Net Income Attributable to Comcast Corporation		$5,196		$2,731		$4,389
Basic earnings per common share attributable to Comcast Corporation shareholders		$1.50		$1.30		$1.28
Diluted earnings per common share attributable to Comcast Corporation shareholders		$1.51		$1.28		$1.24
Dividents declared per common share		$0.46		$0.38		$0.30

a. Prepare a horizontal analysis of the net income comparing 2012 and 2013. Use the information from your analysis to complete the selected entries below.

Do not enter the percent symbol in your answers. Round percents to the nearest tenth.

			Increase	Increase
			(Decrease)	(Decrease)
In millions	2013	2012	Amount	Percent
Operating Income	$	$	$	%
Income before Income Taxes	$	$	$	%
Net Income Attributable to Comcast Corporation	$	$	$	%

b. Prepare a vertical analysis of the costs and expenses for 2013. Enter the results of your analysis below.

Do not enter the percent symbol in your answers. Round percents to the nearest tenth.

Costs and Expenses
Operating Costs and Expenses		$		%
Depreciation		$		%
Amortization		$		%
Total costs and expenses		$		%