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First photo helps with the question Second photos with the question Third photo ( question) BUSINESS DECISION: THE INCOME STATEMENT Use the consolidated statements of
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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 $55,236 $38,837 $36,256 Cost and Expenses: Operating costs and expenses 37,179 23,231 22,322 Depreciation 5,731 5,513 5,633 Amortization 1,526 1,147 1,018 44,436 29,891 28,973 Operating income 10,800 8,946 7,283 Other Income (Expense): Interest expense (2,405) (2,176) (2,498) Investment income (loss), net 150 289 298 Equity in net income (losses) of investees, net (35) (147) (67) Other income (expense), net (127) 128 22 (2,417) (1,906) (2,245) Income before income taxes 8,383 7,040 5,038 Income tax expense (2,486) (1,476) (2,930) 5,453 Net income 4,554 3,562 Net (income) loss attributable to noncontrolling interests and redeemable subsidiary preffered stock (983) (37) 14 Net Income Attributable to Comcast Corporation $4,470 $4,517 $3,576 Basic earnings per common share attributable to Comcast Corporation shareholders $1.50 $1.28 $1.27 Diluted earnings per common share attributable to Comcast Corporation shareholders $1.49 $1.29 $1.24 Dividents declared per common share $0.44 $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 (Decrease) Amount Increase (Decrease) Percent In millions 2013 2012 I 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 4 4 Depreciation Amortization 4 Total costs and expenses 4Step by Step Solution
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