Time Magazine 2012 Annual Report Download - page 127

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TIME WARNER INC.
SELECTED FINANCIAL INFORMATION
The selected financial information set forth below for each of the three years in the period ended December 31,
2012 has been derived from and should be read in conjunction with the audited financial statements and other
financial information presented elsewhere herein. The selected financial information set forth below for the years
ended December 31, 2009 and December 31, 2008 has been derived from audited financial statements not included
herein. Capitalized terms are as defined and described in the consolidated financial statements or elsewhere herein.
Certain reclassifications have been made to conform to the 2012 presentation.
Year Ended December 31,
2012 2011 2010 2009 2008(a)
(millions, except per share amounts)
Selected Operating Statement Information:
Total revenues ............................... $ 28,729 $ 28,974 $ 26,888 $ 25,388 $ 26,434
Operating income (loss) ........................ 5,918 5,805 5,428 4,470 (3,044)
Net income (loss) ............................. 3,016 2,882 2,571 2,512 (14,649)
Amounts attributable to Time Warner Inc.
shareholders:
Income (loss) from continuing operations .......... $ 3,019 $ 2,886 $ 2,578 $ 2,088 $ (5,090)
Discontinued operations, net of tax ...............———389(8,308)
Net income (loss) ............................. $ 3,019 $ 2,886 $ 2,578 $ 2,477 $ (13,398)
Per share information attributable to
Time Warner Inc. common shareholders:
Basic income (loss) per common share from
continuing operations ........................ $ 3.14 $ 2.74 $ 2.27 $ 1.76 $ (4.27)
Discontinued operations ........................———0.32 (6.95)
Basic net income (loss) per common share ......... $ 3.14 $ 2.74 $ 2.27 $ 2.08 $ (11.22)
Diluted income (loss) per common share from
continuing operations ........................ $ 3.09 $ 2.71 $ 2.25 $ 1.75 $ (4.27)
Discontinued operations ........................———0.32 (6.95)
Diluted net income (loss) per common share ........ $ 3.09 $ 2.71 $ 2.25 $ 2.07 $ (11.22)
Average common shares:
Basic ..................................... 954.4 1,046.2 1,128.4 1,184.0 1,194.2
Diluted ................................... 976.3 1,064.5 1,145.3 1,195.1 1,194.2
Selected Balance Sheet Information:
Cash and equivalents .......................... $ 2,841 $ 3,476 $ 3,663 $ 4,733 $ 1,082
Total assets .................................. 68,304 67,801 66,707 66,207 114,577
Debt due within one year ....................... 749 23 26 57 2,041
Non-recourse debt ............................———805805
Long-term debt ............................... 19,122 19,501 16,523 15,346 19,855
Time Warner Inc. shareholders’ equity ............ 29,877 29,957 32,940 33,396 42,292
Total capitalization at book value ................ 49,748 49,481 49,489 49,604 64,993
Cash dividends declared per share of common
stock ..................................... 1.04 0.94 0.85 0.75 0.75
(a) 2008 includes a $7.139 billion noncash impairment to reduce the carrying value of goodwill and intangible assets at the Publishing
segment. Total assets, Time Warner Inc. shareholder’s equity and Total capitalization at book value for 2008 include amounts related to
discontinued operations, primarily related to Time Warner Cable Inc. and AOL Inc.
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