Time Warner Cable 2009 Annual Report Download - page 113

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TIME WARNER CABLE INC.
SELECTED FINANCIAL INFORMATION
The selected financial information set forth below as of December 31, 2009 and 2008 and for the years ended December 31, 2009,
2008 and 2007 has been derived from and should be read in conjunction with the audited consolidated financial statements and other
financial information presented elsewhere herein. The selected financial information set forth below as of December 31, 2007, 2006 and
2005 and for the years ended December 31, 2006 and 2005 has been derived from audited consolidated financial statements not included
herein. Capitalized terms are as defined and described in the consolidated financial statements or elsewhere herein.
2009 2008 2007 2006 2005
Year Ended December 31,
(in millions, except per share data)
Selected Operating Statement Information:
(a)
Revenues:
Video . . . ............................................ $10,760 $ 10,524 $10,165 $ 7,632 $6,044
High-speed data . . ..................................... 4,520 4,159 3,730 2,756 1,997
Voice . . . ............................................ 1,886 1,619 1,193 715 272
Advertising ........................................... 702 898 867 664 499
Total revenues .......................................... 17,868 17,200 15,955 11,767 8,812
Total costs and expenses
(b)
................................. 14,551 28,982 13,189 9,588 7,026
Operating Income (Loss)
(b)
................................. 3,317 (11,782) 2,766 2,179 1,786
Interest expense, net . ..................................... (1,319) (923) (894) (646) (464)
Other income (expense), net
(c)
............................... (86) (367) 156 131 44
Income (loss) from continuing operations before income taxes ....... 1,912 (13,072) 2,028 1,664 1,366
Income tax benefit (provision) . .............................. (820) 5,109 (806) (645) (156)
Income (loss) from continuing operations ....................... 1,092 (7,963) 1,222 1,019 1,210
Discontinued operations, net of tax ........................... — — — 1,042 109
Cumulative effect of accounting change, net of tax
(d)
.............. — — — 2 —
Net income (loss) . . . ..................................... 1,092 (7,963) 1,222 2,063 1,319
Less: Net income (loss) attributable to noncontrolling interests ....... (22) 619 (99) (87) (66)
Net income (loss) attributable to TWC . . ....................... $ 1,070 $ (7,344) $ 1,123 $ 1,976 $1,253
Basic income (loss) from continuing operations attributable to TWC
per common share . ..................................... $ 3.07 $ (22.55) $ 3.45 $ 2.84 $ 3.45
Discontinued operations ................................... — — — 3.14 0.31
Cumulative effect of accounting change . ....................... — — — 0.01 —
Basic net income (loss) attributable to TWC per common share ...... $ 3.07 $ (22.55) $ 3.45 $ 5.99 $ 3.76
Diluted income (loss) from continuing operations attributable to TWC
per common share . ..................................... $ 3.05 $ (22.55) $ 3.45 $ 2.84 $ 3.45
Discontinued operations ................................... — — — 3.14 0.31
Cumulative effect of accounting change . ....................... — — — 0.01 —
Diluted net income (loss) attributable to TWC per common share . . . . . $ 3.05 $ (22.55) $ 3.45 $ 5.99 $ 3.76
Average common shares outstanding:
Basic ................................................. 349.0 325.7 325.6 330.1 333.3
Diluted ................................................ 350.9 325.7 325.7 330.1 333.3
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