Time Warner Cable 2007 Annual Report Download - page 106

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is expected to be $259 million in 2008, $257 million in 2009, $163 million in 2010, $13 million in 2011 and
$8 million in 2012. These amounts may vary as acquisitions and dispositions occur in the future and as purchase
price allocations are finalized.
7. INVESTMENTS AND JOINT VENTURES
The Company had investments of $735 million and $2.072 billion as of December 31, 2007 and 2006,
respectively. These investments are comprised almost entirely of equity-method investees.
As of December 31, 2007, investments accounted for using the equity method, and the respective ownership
percentage held by TWC, primarily consisted of SpectrumCo, LLC, a wireless joint venture with several other cable
companies (the “Wireless Joint Venture”) (27.8% owned) to which TWC contributed $33 million in 2007. The
Company’s recorded investment for the Wireless Joint Venture approximates the Company’s equity interests in the
underlying net assets of this equity-method investment.
As of December 31, 2006, investments accounted for using the equity method primarily consisted of TKCCP
(50% owned, and TWC began consolidating the results of the Kansas City Pool of TKCCP on January 1, 2007) and
the Wireless Joint Venture to which TWC contributed $633 million in 2006. Refer to Note 4 for further details
regarding the dissolution of TKCCP.
101
TIME WARNER CABLE INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)