Time Warner Cable 2008 Annual Report Download - page 157

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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)
Minority interest income (expense), net.... — 28 — (136) (108)
Other income, net ................... (6) 1 136 — 131
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,
netoftax........................ 2 1 3 (4) 2
Net income ........................ $1,976 $ 664 $1,533 $(2,197) $ 1,976
147
TIME WARNER CABLE INC.
SUPPLEMENTARY INFORMATION
CONDENSED CONSOLIDATING FINANCIAL STATEMENTS—(Continued)