Time Magazine 2012 Annual Report Download - page 73

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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, 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
Net income ............................. — — — 3,019 3,019 (3) 3,016
Other comprehensive loss ................. — — — (136) (136) — (136)
Cash dividends .......................... — (1,011) — — (1,011) — (1,011)
Common stock repurchases ................ — — (3,302) — (3,302) — (3,302)
Noncontrolling interests of acquired
businesses ........................... — — — — — 7 7
Amounts related primarily to stock options and
restricted stock(a) ...................... — (526) 1,876 — 1,350 — 1,350
BALANCE AT DECEMBER 31, 2012 ..... $17 $154,577 $(35,077) $(89,640) $29,877 $ 1 $29,878
(a) Amounts related primarily to stock options and restricted stock includes write-offs of deferred tax assets related to equity-based
compensation. During the year ended December 31, 2012, the Company issued treasury stock to cover the exercise of stock options.
See accompanying notes.
57