Time Magazine 2010 Annual Report Download - page 125

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TIME WARNER INC.
QUARTERLY FINANCIAL INFORMATION
(Unaudited)
The following table sets forth the quarterly information for Time Warner:
March 31, June 30, September 30, December 31,
Quarter Ended
(millions, except per share amounts)
2010
Total revenues ................................ $ 6,322 $ 6,377 $ 6,377 $ 7,812
Operating income .............................. 1,463 1,194 1,347 1,424
Net income .................................. 725 560 520 766
Amounts attributable to Time Warner Inc.
shareholders:
Income from continuing operations ................. $ 725 $ 562 $ 522 $ 769
Discontinued operations, net of tax ................. — — — —
Net income .................................. $ 725 $ 562 $ 522 $ 769
Per share information attributable to Time Warner
Inc. common shareholders:
Basic income per common share from continuing
operations ................................. $ 0.63 $ 0.49 $ 0.46 $ 0.69
Diluted income per common share from continuing
operations ................................. 0.62 0.49 0.46 0.68
Net income per share — basic .................... 0.63 0.49 0.46 0.69
Net income per share — diluted ................... 0.62 0.49 0.46 0.68
Cash provided by operations from continuing
operations ................................. 1,356 32 931 995
Common stock — high .......................... 31.56 33.88 32.89 32.51
Common stock — low .......................... 26.81 28.91 28.20 29.49
Cash dividends declared per share of common stock .... 0.2125 0.2125 0.2125 0.2125
2009
Total revenues ................................ $ 5,996 $ 5,920 $ 6,262 $ 7,210
Operating income .............................. 1,024 1,001 1,240 1,205
Net income .................................. 688 529 663 632
Amounts attributable to Time Warner Inc.
shareholders:
Income from continuing operations ................. $ 467 $ 430 $ 581 $ 610
Discontinued operations, net of tax ................. 193 94 81 21
Net income .................................. $ 660 $ 524 $ 662 $ 631
Per share information attributable to Time Warner
Inc. common shareholders:
Basic income per common share from continuing
operations ................................. $ 0.39 $ 0.36 $ 0.49 $ 0.52
Diluted income per common share from continuing
operations ................................. 0.39 0.36 0.49 0.52
Net income per share — basic .................... 0.55 0.44 0.56 0.54
Net income per share — diluted ................... 0.55 0.43 0.55 0.53
Cash provided by operations from continuing
operations ................................. 1,165 446 1,144 631
Common stock — high .......................... 32.94 26.49 30.14 32.82
Common stock — low .......................... 18.23 20.70 23.42 29.14
Cash dividends declared per share of common stock .... 0.1875 0.1875 0.1875 0.1875
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