Time Magazine 2013 Annual Report Download - page 76

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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)(a) Total
Noncontrolling
Interests
Total
Equity
BALANCE AT DECEMBER 31, 2010 ..... $16 $157,142 $(29,033) $(95,167) $32,958 $ 5 $32,963
Net income ............................. — — — 2,886 2,886 (4) 2,882
Other comprehensive loss ................. — — — (241) (241) — (241)
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(b) ...................... 1 (32) — — (31) — (31)
BALANCE AT DECEMBER 31, 2011 ..... $17 $156,113 $(33,651) $(92,522) $29,957 $ (3) $29,954
Net income ............................. — — — 2,925 2,925 (3) 2,922
Other comprehensive loss ................. — — — (124) (124) — (124)
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(b) ...................... — (525) 1,876 — 1,351 — 1,351
BALANCE AT DECEMBER 31, 2012 ..... $17 $154,577 $(35,077) $(89,721) $29,796 $ 1 $29,797
Net income ............................. — — — 3,691 3,691 — 3,691
Other comprehensive income .............. — — — 137 137 — 137
Cash dividends .......................... — (1,074) — — (1,074) — (1,074)
Common stock repurchases ................ — — (3,700) — (3,700) — (3,700)
Noncontrolling interests of acquired
businesses ........................... — — — — — (1) (1)
Amounts related primarily to stock options and
restricted stock(b) ...................... — (93) 1,147 — 1,054 — 1,054
BALANCE AT DECEMBER 31, 2013 ..... $17 $153,410 $(37,630) $(85,893) $29,904 $— $29,904
(a) Includes Accumulated other comprehensive loss, net.
(b) Beginning in the year ended December 31, 2012, the Company issued treasury stock when stock options were exercised and when
restricted stock units and performance stock units vested.
See accompanying notes.
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