Time Magazine 2014 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, 2014 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, 2011 and
December 31, 2010 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.
Year Ended December 31,
2014 2013 2012 2011 2010
(recast) (recast) (recast) (recast)
(millions, except per share amounts)
Selected Operating Statement Information:
Total revenues .............................. $ 27,359 $ 26,461 $ 25,325 $ 25,364 $ 23,250
Operating income ............................ 5,975 6,268 5,498 5,242 4,913
Net income ................................. 3,827 3,691 2,922 2,882 2,596
Amounts attributable to Time Warner Inc.
shareholders:
Income from continuing operations .............. $ 3,894 $ 3,354 $ 2,666 $ 2,521 $ 2,281
Discontinued operations, net of tax .............. (67) 337 259 365 322
Net income ................................. $ 3,827 $ 3,691 $ 2,925 $ 2,886 $ 2,603
Per share information attributable to
Time Warner Inc. common shareholders:
Basic income per common share from
continuing operations ....................... $ 4.49 $ 3.63 $ 2.77 $ 2.40 $ 2.01
Discontinued operations ...................... (0.07) 0.36 0.28 0.34 0.29
Basic net income per common share ............. $ 4.42 $ 3.99 $ 3.05 $ 2.74 $ 2.30
Diluted income per common share
from continuing operations .................. $ 4.41 $ 3.56 $ 2.73 $ 2.37 $ 1.99
Discontinued operations ...................... (0.07) 0.36 0.27 0.34 0.28
Diluted net income per common share ........... $ 4.34 $ 3.92 $ 3.00 $ 2.71 $ 2.27
Average common shares:
Basic ................................... 863.3 920.0 954.4 1,046.2 1,128.4
Diluted .................................. 882.6 942.6 976.3 1,064.5 1,145.3
Selected Balance Sheet Information:
Cash and equivalents ......................... $ 2,618 $ 1,816 $ 2,760 $ 3,381 $ 3,591
Total assets ................................. 63,259 67,999 68,095 67,811 66,743
Debt due within one year ...................... 1,118 66 749 23 26
Long-term debt ............................. 21,376 20,061 19,086 19,467 16,491
Time Warner Inc. shareholders’ equity ........... 24,476 29,904 29,796 29,957 32,958
Total capitalization at book value ............... 46,970 50,031 49,631 49,447 49,475
Cash dividends declared per share of
common stock ............................ 1.27 1.15 1.04 0.94 0.85
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