Time Magazine 2015 Annual Report Download - page 131

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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, 2015
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,
2012 and December 31, 2011 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,
2015 2014 2013 2012 2011
(millions, except per share amounts)
Selected Operating Statement
Information:
Total revenues .............................. $ 28,118 $ 27,359 $ 26,461 $ 25,325 $ 25,364
Operating income ........................... 6,865 5,975 6,268 5,498 5,242
Net income ................................. 3,832 3,827 3,691 2,922 2,882
Amounts attributable to Time Warner Inc.
shareholders:
Income from continuing operations .............. $ 3,796 $ 3,894 $ 3,354 $ 2,666 $ 2,521
Discontinued operations, net of tax .............. 37 (67) 337 259 365
Net income ................................. $ 3,833 $ 3,827 $ 3,691 $ 2,925 $ 2,886
Per share information attributable to Time
Warner Inc. common shareholders:
Basic income per common share from
continuing operations ...................... $ 4.64 $ 4.49 $ 3.63 2.77 2.40
Discontinued operations ...................... 0.05 (0.07) 0.36 0.28 0.34
Basic net income per common share ............. $ 4.69 $ 4.42 $ 3.99 3.05 2.74
Diluted income per common share
from continuing operations .................. $ 4.58 $ 4.41 $ 3.56 $ 2.73 $ 2.37
Discontinued operations ...................... 0.04 (0.07) 0.36 0.27 0.34
Diluted net income per common share ........... $ 4.62 $ 4.34 $ 3.92 $ 3.00 $ 2.71
Average common shares:
Basic ................................... 814.9 863.3 920.0 954.4 1,046.2
Diluted .................................. 829.5 882.6 942.6 976.3 1,064.5
Selected Balance Sheet Information:
Cash and equivalents ......................... $ 2,155 $ 2,618 $ 1,816 $ 2,760 $ 3,381
Total assets ................................ 63,848 63,146 67,890 67,984 67,698
Debt due within one year ...................... 198 1,118 66 749 23
Long-term debt ............................. 23,594 21,263 19,952 18,975 19,354
Time Warner Inc. shareholders’ equity ........... 23,619 24,476 29,904 29,796 29,957
Total capitalization at book value ............... 47,411 46,857 49,922 49,520 49,334
Cash dividends declared per share of
common stock ............................ 1.40 1.27 1.15 1.04 0.94
117