Time Magazine 2013 Annual Report Download - page 135

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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, 2013 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, 2010 and December 31, 2009 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 2013
presentation.
Year Ended December 31,
2013 2012 2011 2010 2009
(millions, except per share amounts)
Selected Operating Statement Information:
Total revenues ................................. $ 29,795 $ 28,729 $ 28,974 $ 26,888 $ 25,388
Operating income .............................. 6,605 5,918 5,805 5,428 4,470
Net income ................................... 3,691 2,922 2,882 2,596 2,501
Amounts attributable to Time Warner Inc.
shareholders:
Income from continuing operations ................ $ 3,554 $ 2,925 $ 2,886 $ 2,603 $ 2,077
Discontinued operations, net of tax ................. 137 — — — 389
Net income ................................... $ 3,691 $ 2,925 $ 2,886 $ 2,603 $ 2,466
Per share information attributable to Time Warner
Inc. common shareholders:
Basic income per common share from continuing
operations .................................. $ 3.85 $ 3.05 $ 2.74 $ 2.30 $ 1.76
Discontinued operations ......................... 0.14 — — — 0.32
Basic net income per common share ................ $ 3.99 $ 3.05 $ 2.74 $ 2.30 $ 2.08
Diluted income per common share from continuing
operations .................................. $ 3.77 $ 3.00 $ 2.71 $ 2.27 $ 1.74
Discontinued operations ......................... 0.15 — — — 0.32
Diluted net income per common share .............. $ 3.92 $ 3.00 $ 2.71 $ 2.27 $ 2.06
Average common shares:
Basic ...................................... 920.0 954.4 1,046.2 1,128.4 1,184.0
Diluted ..................................... 942.6 976.3 1,064.5 1,145.3 1,195.1
Selected Balance Sheet Information:
Cash and equivalents ............................ $ 1,862 $ 2,841 $ 3,476 $ 3,663 $ 4,733
Total assets ................................... 67,994 68,089 67,801 66,732 66,214
Debt due within one year ........................ 66 749 23 26 57
Non-recourse debt .............................. — — — — 805
Long-term debt ................................ 20,099 19,122 19,501 16,523 15,346
Time Warner Inc. shareholders’ equity .............. 29,904 29,796 29,957 32,958 33,403
Total capitalization at book value .................. 50,069 49,667 49,481 49,507 49,611
Cash dividends declared per share of common stock . . . 1.15 1.04 0.94 0.85 0.75
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