Time Warner Cable 2008 Annual Report Download - page 155
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Consolidating Statement of Operations
Year Ended December 31, 2008
Parent
Company
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries Eliminations
TWC
Consolidated
(in millions)
Revenues ......................... $ — $3,324 $ 14,050 $ (174) $ 17,200
Costs of revenues ................... — 1,783 6,536 (174) 8,145
Selling, general and administrative....... — 425 2,429 — 2,854
Depreciation ....................... — 664 2,162 — 2,826
Amortization ....................... — 1 261 — 262
Restructuring costs .................. — 4 11 — 15
Impairment of cable franchise rights ..... — 2,729 12,093 — 14,822
Loss on sale of cable systems .......... — 11 47 — 58
Total costs and expenses .............. — 5,617 23,539 (174) 28,982
Operating Loss ..................... — (2,293) (9,489) — (11,782)
Equity in pretax loss of consolidated
subsidiaries ...................... (11,531) (6,723) (1,726) 19,980 —
Interest income (expense), net .......... (504) (466) 47 — (923)
Minority interest income, net ........... — 1,227 — (205) 1,022
Other income (expense), net ........... (15) 11 (363) — (367)
Loss before income taxes ............. (12,050) (8,244) (11,531) 19,775 (12,050)
Income tax benefit .................. 4,706 3,255 3,310 (6,565) 4,706
Net loss .......................... $ (7,344) $(4,989) $ (8,221) $13,210 $ (7,344)
145
TIME WARNER CABLE INC.
SUPPLEMENTARY INFORMATION
CONDENSED CONSOLIDATING FINANCIAL STATEMENTS—(Continued)