Time Magazine 2015 Annual Report Download - page 72

Download and view the complete annual report

Please find page 72 of the 2015 Time Magazine annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 140

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140

TIME WARNER INC.
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
Year Ended December 31,
(millions)
2015 2014 2013
Net income ................................................. $ 3,832 $ 3,827 $ 3,691
Other comprehensive income, net of tax:
Foreign currency translation:
Unrealized losses occurring during the period ................. (289) (228) (22)
Reclassification adjustment for (gains) losses realized in
net income ........................................... 5 — (6)
Change in foreign currency translation ......................... (284) (228) (28)
Securities:
Unrealized gains (losses) occurring during the period ........... 1 (4) 13
Reclassification adjustment for gains realized in net income ...... — (10) —
Change in securities ........................................ 1 (14) 13
Benefit obligations:
Unrealized gains (losses) occurring during the period ........... (26) (187) 124
Reclassification adjustment for losses realized in net income ..... 22 19 22
Change in benefit obligations ................................ (4) (168) 146
Derivative financial instruments:
Unrealized gains occurring during the period .................. 88 8 27
Reclassification adjustment for gains realized in net income ...... (83) (14) (21)
Change in derivative financial instruments ...................... 5 (6) 6
Other comprehensive income (loss) ............................. (282) (416) 137
Comprehensive income ....................................... 3,550 3,411 3,828
Less Comprehensive loss attributable to noncontrolling interests ...... 1 — —
Comprehensive income attributable to Time Warner Inc.
shareholders .............................................. $ 3,551 $ 3,411 $ 3,828
See accompanying notes.
58