Time Magazine 2011 Annual Report Download - page 74

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TIME WARNER INC.
CONSOLIDATED STATEMENT OF EQUITY
(millions)
Time Warner Shareholders’
Common
Stock
Paid-In
Capital
Treasury
Stock
Retained
Earnings
(Accumulated
Deficit) Total
Noncontrolling
Interests
Total
Equity
BALANCE AT DECEMBER 31, 2008 ..... $ 16 $ 169,564 $ (25,836) $ (101,452) $ 42,292 $ 3,035 $ 45,327
Net income ............................ — — — 2,477 2,477 35 2,512
Other comprehensive income .............. — — — 427 427 1 428
Cash dividends ......................... — (897) — — (897) — (897)
Common stock repurchases ............... — — (1,198) — (1,198) — (1,198)
Time Warner Cable Inc. Special Dividend . . . — — — — — (1,603) (1,603)
Time Warner Cable Inc. Spin-off ........... — (7,213) — 391 (6,822) (1,167) (7,989)
AOL Spin-off .......................... — (3,480) — 278 (3,202) — (3,202)
Repurchase of Google’s interest in AOL ..... — (155) — 164 9 (292) (283)
Noncontrolling interests of acquired
businesses ........................... — — — — — (8) (8)
Amounts related primarily to stock options and
restricted stock(a) ...................... — 310 — — 310 — 310
BALANCE AT DECEMBER 31, 2009 ..... $ 16 $ 158,129 $ (27,034) $ (97,715) $ 33,396 $ 1 $ 33,397
Net income ............................ — — — 2,578 2,578 (7) 2,571
Other comprehensive loss ................ — — — (52) (52) — (52)
Cash dividends ......................... — (971) — — (971) — (971)
Common stock repurchases ............... — — (1,999) — (1,999) — (1,999)
Noncontrolling interests of acquired
businesses ........................... — — — — — 11 11
Amounts related primarily to stock options and
restricted stock(a) ...................... — (12) — — (12) — (12)
BALANCE AT DECEMBER 31, 2010 ..... $ 16 $ 157,146 $ (29,033) $ (95,189) $ 32,940 $ 5 $ 32,945
Net income ............................ — — — 2,886 2,886 (4) 2,882
Other comprehensive loss ................ — — — (220) (220) — (220)
Cash dividends ......................... — (997) — — (997) — (997)
Common stock repurchases ............... — — (4,618) — (4,618) — (4,618)
Noncontrolling interests of acquired
businesses ........................... — — — — — (4) (4)
Amounts related primarily to stock options and
restricted stock(a) ...................... 1 (35) — — (34) — (34)
BALANCE AT DECEMBER 31, 2011 ..... $ 17 $ 156,114 $ (33,651) $ (92,523) $ 29,957 $ (3) $ 29,954
(a) Amounts related primarily to stock options and restricted stock includes write-offs of deferred tax assets related to equity-based
compensation.
See accompanying notes.
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