Comcast 2005 Annual Report

December 31 (Dollars in millions, except share data)		2005			2004
Assets
Current Assets
Cash and cash equivalents	$	693		$	452
Investments		148			1,555
Accounts receivable, less allowance for doubtful accounts of $136 and $132		1,060			959
Prepaid assets		387			261
Other current assets		306			308
Total current assets		2,594			3,535
Investments		12,682			12,812
Property and Equipment, net of accumulated depreciation of $12,629 and $9,416		18,769			18,711
Franchise Rights		51,090			51,071
Goodwill		14,218			14,020
Other Intangible Assets, net of accumulated amortization of $4,776 and $3,452		3,160			3,851
Other Noncurrent Assets, net		633			694
	$	103,146		$	104,694

Liabilities and Stockholders’ Equity
Current Liabilities
Accounts payable and accrued expenses related to trade creditors	$	2,033		$	2,041
Accrued salaries and wages		381			337
Other current liabilities		2,164			2,398
Deferred income taxes		2			360
Current portion of long term debt		1,689			3,499
Total current liabilities		6,269			8,635
Long Term Debt, less current portion		21,682			20,093
Deferred Income Taxes		27,370			26,815
Other Noncurrent Liabilities		6,949			7,261
Minority Interest		657			468
Commitments and Contingencies (Note 13)
Stockholders’ Equity
Preferred stock – authorized, 20,000,000 shares; issued, zero		–			–
Class A common stock, $0.01 par value – authorized, 7,500,000,000 shares; issued, 1,607,007,818 and 1,603,320,864; outstanding, 1,363,367,318 and 1,359,680,364		16			16
Class A Special common stock, $0.01 par value – authorized, 7,500,000,000 shares; issued, 813,097,757 and 890,234,413; outstanding, 765,807,914 and 842,944,570		9			9
Class B common stock, $0.01 par value – authorized, 75,000,000 shares; issued, and outstanding, 9,444,375		–			–
Additional capital		43,000			44,142
Retained earnings		4,825			4,891
Treasury stock, 243,640,500 Class A common shares and 47,289,843 Class A Special common shares		(7,517	)		(7,517	)
Accumulated other comprehensive loss		(114	)		(119	)
Total stockholders’ equity		40,219			41,422
	$	103,146		$	104,694
See notes to consolidated financial statements.


COMCAST IS ON	SHAREHOLDER LETTER	FINANCIAL HIGHLIGHTS	FINANCIAL REPORT	EXECUTIVES	SHAREHOLDER INFORMATION