Time Magazine 2009 Annual Report Download - page 129

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A summary of total assets by operating segment is set forth below:
December 31, 2009 December 31, 2008
(millions)
(recast)
Assets
Networks ......................................... $ 36,143 $ 36,097
Filmed Entertainment . . .............................. 17,060 17,080
Publishing ........................................ 6,404 6,778
Corporate ......................................... 6,123 2,315
Assets of discontinued operations ....................... — 51,789
Total assets ........................................ $ 65,730 $ 114,059
2009 2008 2007
Years Ended December 31,
(millions)
(recast) (recast)
Capital Expenditures
Networks ....................................... $ 282 $ 351 $ 347
Filmed Entertainment .............................. 187 228 208
Publishing . . . ................................... 58 90 158
Corporate ....................................... 34 15 3
Total capital expenditures ........................... $ 561 $ 684 $ 716
Assets located outside the United States, which represent approximately 6% of total assets at December 31,
2009, are not material. Revenues in different geographical areas are as follows:
2009 2008 2007
Years Ended December 31,
(millions)
(recast) (recast)
Revenues
(a)
United States .................................... $ 18,085 $ 18,880 $ 18,631
United Kingdom .................................. 1,495 1,809 1,788
Germany . . ..................................... 643 564 611
Canada ......................................... 646 597 616
France ......................................... 580 540 580
Japan .......................................... 471 440 524
Other international ................................ 3,865 3,686 3,461
Total revenues ................................... $ 25,785 $ 26,516 $ 26,211
(a)
Revenues are attributed to countries based on location of customer.
15. COMMITMENTS AND CONTINGENCIES
Commitments
Time Warner’s total net rent expense from continuing operations amounted to $421 million in 2009,
$415 million in 2008 and $446 million in 2007. Included in such amounts was sublease income of $52 million
for 2009, $59 million for 2008 and $35 million for 2007. The Company has long-term noncancelable lease
commitments for office space, studio facilities and operating equipment in various locations around the world.
117
TIME WARNER INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)