Time Magazine 2015 Annual Report Download - page 70
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TIME WARNER INC.
CONSOLIDATED BALANCE SHEET
(millions, except share amounts)
December 31,
2015 2014
ASSETS
Current assets
Cash and equivalents ..................................................... $ 2,155 $ 2,618
Receivables, less allowances of $1,055 and $1,152 ............................. 7,411 7,720
Inventories ............................................................. 1,753 1,700
Deferred income taxes .................................................... — 184
Prepaid expenses and other current assets ..................................... 1,194 958
Total current assets ...................................................... 12,513 13,180
Noncurrent inventories and theatrical film and television production costs ........... 7,600 6,841
Investments, including available-for-sale securities ............................. 2,617 2,326
Property, plant and equipment, net .......................................... 2,596 2,655
Intangible assets subject to amortization, net .................................. 949 1,141
Intangible assets not subject to amortization ................................... 7,029 7,032
Goodwill .............................................................. 27,689 27,565
Other assets ............................................................ 2,855 2,406
Total assets ............................................................. $ 63,848 $ 63,146
LIABILITIES AND EQUITY
Current liabilities
Accounts payable and accrued liabilities ...................................... $ 7,188 $ 7,507
Deferred revenue ........................................................ 616 579
Debt due within one year .................................................. 198 1,118
Total current liabilities .................................................... 8,002 9,204
Long-term debt ......................................................... 23,594 21,263
Deferred income taxes .................................................... 2,454 2,204
Deferred revenue ........................................................ 352 315
Other noncurrent liabilities ................................................ 5,798 5,684
Redeemable noncontrolling interest ......................................... 29 —
Commitments and Contingencies (Note 16)
Equity
Common stock, $0.01 par value, 1.652 billion and 1.652 billion shares issued and
795 million and 832 million shares outstanding .............................. 17 17
Additional paid-in capital ................................................. 148,041 149,282
Treasury stock, at cost (857 million and 820 million shares) ...................... (45,612) (42,445)
Accumulated other comprehensive loss, net ................................... (1,446) (1,164)
Accumulated deficit ...................................................... (77,381) (81,214)
Total equity ............................................................ 23,619 24,476
Total liabilities and equity ................................................. $ 63,848 $ 63,146
See accompanying notes.
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