CMCSA · 8-K · 20261022PR066783
Free Cash Flow and Liquidity
COMCAST CORP · 2026-10-22 · Importance 49 · Surprise 22 · No source text
Third-quarter net cash provided by operating activities decreased 9.1% to $7.9 billion, while free cash flow decreased 14.8% to $4.2 billion from $4.9 billion. Nine-month free cash flow was $12.7 billion, down from $14.9 billion in the prior-year period. Cash, cash equivalents and restricted cash totaled $7.7 billion at September 30, 2026, down from $10.6 billion at December 31, 2025. Cash debt declined to $87.4 billion, consisting of $3.6 billion of current debt and $83.8 billion of noncurrent debt, compared with $98.9 billion at year-end 2025.
Key facts
- Free Cash Flow for 3rd quarter 2026: $4,211 million, a decrease of 14.8% year-over-year source
- Net cash provided by operating activities for 3rd quarter 2026: $7,902 million, a decrease of 9.1% year-over-year source
- Nine months ended September 30, 2026: net cash provided by operating activities $22,886 million; capital expenditures $8,311 million; cash paid for capitalized software and other intangible assets $1,859 million; Free Cash Flow $12,716 million source
- Comcast’s cash, cash equivalents and restricted cash at September 30, 2026: $7,676 million, down from $10,559 million at beginning of period source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | realized | -2.6% | Net cash provided by operating activities for 3rd quarter 2026: $7,902 million, a decrease of 9.1% year-over-year |
| cash | negative | realized | -2.5% | Free Cash Flow for 3rd quarter 2026: $4,211 million, a decrease of 14.8% year-over-year |
| cash | positive | realized | — | Nine months ended September 30, 2026: net cash provided by operating activities $22,886 million; capital expenditures $8,311 million; cash… |