Comparing Income Statements and Balance Sheets of Competitors

Following are selected income statement and balance sheet data for two communications companies:

c , ,, . Comcast and Verizon.

Comcast (CMCSA) Verizon (VZ)

2-37 Module 2 I Introducing Financial Statements and Transaction Analysis

Income Statement ($ millions) Comcast

Sales $37,937

Verizon

Operating costs

Operating profit Nonoperating expenses

Net income

Balance Sheet ($ millions)

Current assets Long-term assets

Total assets

Current liabilities Long-term liabilities

Total liabilities Stockholders' equity*

Total liabilities and equity "Includes noncontrolling interest

29,957

7,980 4,345

$ 3,635

Comcast

$ 8,886 109,648

$118,534

$ 8,234 65,723

73,957 44,577

$118,534

$106,565 91,920

14,645 4,428

$ 10,217

V erizon

$ 22,348 197,657

$220,005

$ 30,597 102,496

133,093 86,912

$220,005