Time Magazine 2015 Annual Report Download - page 122
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TIME WARNER INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)
Year Ended December 31,
2015 2014 2013
Operating Income (Loss)
Turner ................................................. $ 4,087 $ 2,954 $ 3,486
Home Box Office ........................................ 1,878 1,786 1,791
Warner Bros. ............................................ 1,416 1,159 1,324
Corporate ............................................... (367) (73) (394)
Intersegment eliminations .................................. (149) 149 61
Total operating income .................................... $ 6,865 $ 5,975 $ 6,268
December 31,
2015 2014
Assets
Turner ................................................................. $ 25,559 $ 25,271
Home Box Office ........................................................ 14,314 13,869
Warner Bros. ........................................................... 20,699 20,559
Corporate .............................................................. 3,276 3,447
Total assets ............................................................. $ 63,848 $ 63,146
Year Ended December 31,
2015 2014 2013
Capital Expenditures
Turner ................................................. $ 157 $ 173 $ 210
Home Box Office ........................................ 68 58 45
Warner Bros. ............................................ 122 206 236
Corporate ............................................... 76 37 77
Total capital expenditures .................................. $ 423 $ 474 $ 568
Long-lived hard assets located outside the United States, which represent approximately 1% of total assets at
December 31, 2015, are not material. Revenues in different geographical areas are as follows (millions):
Year Ended December 31,
2015 2014 2013
Revenues (a)
United States and Canada .................................. $ 20,426 $ 19,102 $ 18,642
Europe (b) .............................................. 4,485 4,684 4,494
Asia/Pacific Rim ......................................... 1,619 1,711 1,629
Latin America ........................................... 1,284 1,575 1,475
All Other ............................................... 304 287 221
Total revenues ........................................... $ 28,118 $ 27,359 $ 26,461
(a) Revenues are attributed to region based on location of customer.
(b) Revenues in EuroZone countries comprise approximately 49%, 48% and 48% of Revenues in Europe for the years ended 2015, 2014 and 2013,
respectively.
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