Time Warner Cable 2007 Annual Report Download - page 135

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Consolidating Statement of Operations
Year Ended December 31, 2006
Parent
Company
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries Eliminations
TWC
Consolidated
(in millions)
Revenues .......................... $ — $ 3,303 $ 8,612 $ (148) $ 11,767
Costs of revenues .................... — 1,600 3,904 (148) 5,356
Selling, general and administrative . . ..... 2 607 1,517 — 2,126
Depreciation ....................... — 599 1,284 — 1,883
Amortization ....................... — 62 105 — 167
Merger-related and restructuring costs ..... — 19 37 — 56
Total costs and expenses............... 2 2,887 6,847 (148) 9,588
Operating Income (Loss) .............. (2) 416 1,765 — 2,179
Equity in pretax income (loss) of
consolidated subsidiaries ............. 1,710 1,044 (165) (2,589) —
Interest expense, net .................. (146) (474) (26) — (646)
Income (loss) from equity investments,
net............................. (6) — 135 — 129
Minority interest income (expense), net.... — 28 — (136) (108)
Other income, net ................... — 1 1 — 2
Income from continuing operations before
income taxes ..................... 1,556 1,015 1,710 (2,725) 1,556
Income tax provision ................. (620) (412) (424) 836 (620)
Income from continuing operations . . ..... 936 603 1,286 (1,889) 936
Discontinued operations, net of tax . . ..... 1,038 60 244 (304) 1,038
Cumulative effect of accounting change, net
oftax........................... 2 1 3 (4) 2
Net income ........................ $ 1,976 $ 664 $ 1,533 $ (2,197) $ 1,976
130
TIME WARNER CABLE INC.
SUPPLEMENTARY INFORMATION
CONDENSED CONSOLIDATING FINANCIAL STATEMENTS—(Continued)