Time Warner Cable 2006 Annual Report Download - page 105

TIME WARNER CABLE INC.
CONSOLIDATED BALANCE SHEET
2006 2005
As of December 31,
(in millions)
ASSETS
Current assets
Cash and equivalents ................................................. $ 51 $ 12
Receivables, less allowances of $73 million in 2006 and $51 million in 2005 ....... 632 390
Receivables from affiliated parties ....................................... 98 8
Other current assets .................................................. 77 53
Current assets of discontinued operations .................................. 52 24
Total current assets .................................................... 910 487
Investments .......................................................... 2,072 1,967
Property, plant and equipment, net ......................................... 11,601 8,134
Intangible assets subject to amortization, net ................................. 876 143
Intangible assets not subject to amortization .................................. 38,051 27,564
Goodwill ............................................................ 2,059 1,769
Other assets.......................................................... 174 390
Noncurrent assets of discontinued operations ................................. — 3,223
Total assets .......................................................... $55,743 $43,677
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities
Accounts payable.................................................... $ 516 $ 211
Deferred revenue and subscriber-related liabilities . . . ......................... 156 84
Payables to affiliated parties ............................................ 165 165
Accrued programming expense.......................................... 524 301
Other current liabilities ............................................... 1,113 837
Current liabilities of discontinued operations................................ 16 98
Total current liabilities .................................................. 2,490 1,696
Long-term debt ....................................................... 14,428 4,463
Mandatorily redeemable preferred membership units issued by a subsidiary ........... 300 —
Mandatorily redeemable preferred equity issued by a subsidiary ................... — 2,400
Deferred income tax obligations, net ....................................... 12,902 11,631
Long-term payables to affiliated parties ..................................... 137 54
Other liabilities ....................................................... 296 247
Noncurrent liabilities of discontinued operations ............................... 2 848
Minority interests ..................................................... 1,624 1,007
Commitments and contingencies (Note 14)
Mandatorily redeemable Class A common stock, $0.01 par value, 43 million shares
issued and outstanding as of December 31, 2005, none as of December 31, 2006..... — 984
Shareholders’ equity
Class A common stock, $0.01 par value, 902 million and 882 million shares issued and
outstanding as of December 31, 2006 and 2005, respectively .................... 9 9
Class B common stock, $0.01 par value, 75 million shares issued and outstanding as of
December 31, 2006 and 2005 ........................................... 1 1
Paid-in-capital ........................................................ 19,314 17,950
Accumulated other comprehensive loss, net .................................. (130) (7)
Retained earnings ..................................................... 4,370 2,394
Total shareholders’ equity ............................................... 23,564 20,347
Total liabilities and shareholders’ equity ..................................... $55,743 $43,677
See accompanying notes.
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