Time Warner Cable 2009 Annual Report Download - page 111

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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
The Board of Directors and
Shareholders of Time Warner Cable Inc.
We have audited the accompanying consolidated balance sheet of Time Warner Cable Inc. (the “Company”) as of December 31, 2009
and 2008, and the related consolidated statements of operations, cash flows and equity for each of the three years in the period ended
December 31, 2009. Our audits also included the Supplementary Information and Financial Statement Schedule II listed in the index at Item
15(a). The financial statements, supplementary information and financial statement schedule are the responsibility of the Company’s
management. Our responsibility is to express an opinion on the financial statements, supplementary information and financial statement
schedule based on our audits.
We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States).
Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free
of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial
statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as
evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in all material respects, the consolidated financial position of
Time Warner Cable Inc. as of December 31, 2009 and 2008, and the consolidated results of its operations and its cash flows for each of the
three years in the period ended December 31, 2009, in conformity with U.S. generally accepted accounting principles. Also, in our
opinion, the related supplementary information and financial statement schedule, when considered in relation to the basic financial
statements taken as a whole, present fairly in all material respects the information set forth therein.
As discussed in Note 2 to the accompanying consolidated financial statements, as of January 1, 2009, the Company adopted
Financial Accounting Standards Board (“FASB”) Statement No. 160, Noncontrolling Interests in Consolidated Financial Statements –
an amendment of ARB No. 51 (codified in FASB Accounting Standards Codification (“ASC”) Topic 810, Consolidation),using a
retrospective application method. Also, as of January 1, 2007, the Company adopted the provisions of Emerging Issues Task Force Issue
No. 06-2, Accounting for Sabbatical Leave and Other Similar Benefits (codified in FASB ASC Topic 710, Compensation-General), and
Financial Accounting Standards Board Interpretation No. 48, Accounting for Uncertainty in Income Taxes – an interpretation of FASB
Statement No. 109 (codified in FASB ASC Topic 740, Income Taxes).
We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), Time
Warner Cable Inc.’s internal control over financial reporting as of December 31, 2009, based on criteria established in Internal Control –
Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission and our report dated
February 19, 2010 expressed an unqualified opinion thereon.
New York, New York
February 19, 2010
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