Time Warner Cable 2007 Annual Report Download - page 134
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Consolidating Statement of Operations
Year Ended December 31, 2007
Parent
Company
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries Eliminations
TWC
Consolidated
(in millions)
Revenues . . ............................ $ — $3,360 $12,761 $ (166) $15,955
Costs of revenues ........................ — 1,649 6,059 (166) 7,542
Selling, general and administrative ............ — 532 2,116 — 2,648
Depreciation ............................ — 640 2,064 — 2,704
Amortization ............................ — 17 255 — 272
Merger-related and restructuring costs ......... — 9 14 — 23
Total costs and expenses ................... — 2,847 10,508 (166) 13,189
Operating Income ........................ — 513 2,253 — 2,766
Equity in pretax income (loss) of consolidated
subsidiaries ........................... 2,138 1,290 (151) (3,277) —
Interest expense, net ...................... (264) (499) (131) — (894)
Income (loss) from equity investments, net ...... (9) — 20 — 11
Minority interest expense, net ............... — (7) — (158) (165)
Other income (expense), net ................ (2) — 147 — 145
Income before income taxes................. 1,863 1,297 2,138 (3,435) 1,863
Income tax provision ...................... (740) (525) (536) 1,061 (740)
Net income . ............................ $1,123 $ 772 $ 1,602 $(2,374) $ 1,123
129
TIME WARNER CABLE INC.
SUPPLEMENTARY INFORMATION
CONDENSED CONSOLIDATING FINANCIAL STATEMENTS—(Continued)