Time Warner Cable 2006 Annual Report Download - page 9

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Class A and Class B
Common Stock
Class A
Common Stock
Indirect
Indirect
12.43%
Non-
voting
common
stock
15.96%84.04%
100% common
87.57% common stock
100% voting common stock
100.0% common
and $2.4 billion TWE preferred equity
51.55% GP
3.75% LP
97.1%
economic interest and
$378 million TWE-A/N preferred equity interest
Indirect
42.51% GP
2.19% LP
2.9%
economic
interest and
$1.2 billion
TWE-A/N
preferred
equity
interest
(1)(2)
Time Warner NY Cable LLC(3)
(“TW NY”)
(Issuer of $300 million of Series A Preferred
Equity Membership Units held by third parties)
4.3 million subscribers
Time Warner
Entertainment Company, L.P.
(“TWE”)
(Issuer of $3.2 billion principal amount of debt
securities;(1) guarantor of TWC’s bank
facilities and commercial paper)
3.4 million subscribers
Time Warner
Entertainment-Advance/
Newhouse Partnership
(“TWE-A/N”)
4.8 million subscribers(4)
Public
Stockholders(5)
Time Warner
Inc.
(“Time Warner”)
Time Warner Cable Inc.
(“TWC”)
(Obligor under $14.0 billion bank facilities and issuer of
commercial paper; guarantor under TWE’s
$3.2 billion principal amount of debt securities)(1)(2)
Time Warner Cable LLC
(f/k/a TWE Holding I LLC)
0.9 million subscribers
TW NY Cable
Holding Inc.
(“TW NY Holding”)
(Guarantor of TWC’s bank facilities and commercial
paper; guarantor under TWE’s $3.2 billion
principal amount of debt securities)(1)
(1)
(2) TWC is also the obligor under an intercompany loan from TWE with an aggregate principal amount of $2.3 billion.
(3) Time Warner NY Cable LLC is also the obligor under an intercompany loan from TWC with an aggregate principal
amount of $8.7 billion.
(4) The subscribers and economic ownership interests listed in the chart for the Time Warner Entertainment-Advance/Newhouse
Partnership relate only to those TWE-A/N systems in which TWC has an economic interest and over which TWC exercises
day-to-day supervision. See “— Operating Partnerships and Joint Ventures — Description of Certain Provisions of the
TWE-A/N Partnership Agreement” for a more detailed description of the TWE-A/N capital structure.
(5) Pursuant to the terms of Adelphia’s plan of reorganization, approximately 75% of the shares of TWC Class A common stock that
Adelphia received in the Adelphia Acquisition have been distributed to Adelphia’s creditors as of February 20, 2007. The
remaining shares are expected to be distributed during the coming months. See “— Overview.”
The principal amount of TWE’s debt securities excludes an unamortized fair value adjustment of $140 million.
4