Time Warner Cable 2009 Annual Report Download - page 121
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Consolidating Statement of Operations
Year Ended December 31, 2007
Parent
Company
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries Eliminations
TWC
Consolidated
(in millions)
Revenues ......................................... $ — $ 3,360 $ 12,761 $ (166) $ 15,955
Costs of revenues................................... — 1,649 6,059 (166) 7,542
Selling, general and administrative ...................... — 532 2,116 — 2,648
Depreciation . . . ................................... — 640 2,064 — 2,704
Amortization . . . ................................... — 17 255 — 272
Merger-related and restructuring costs ................... — 9 14 — 23
Total costs and expenses ............................. — 2,847 10,508 (166) 13,189
Operating Income .................................. — 513 2,253 — 2,766
Equity in pretax income (loss) of consolidated subsidiaries .... 2,138 1,290 (151) (3,277) —
Interest expense, net ................................ (264) (499) (131) — (894)
Other income (expense), net ........................... (11) — 167 — 156
Income before income taxes ........................... 1,863 1,304 2,138 (3,277) 2,028
Income tax provision ................................ (740) (525) (536) 995 (806)
Net income ....................................... 1,123 779 1,602 (2,282) 1,222
Less: Net income attributable to noncontrolling interests ...... — (7) — (92) (99)
Net income attributable to TWC........................ $ 1,123 $ 772 $ 1,602 $ (2,374) $ 1,123
109
TIME WARNER CABLE INC.
SUPPLEMENTARY INFORMATION
CONDENSED CONSOLIDATING FINANCIAL STATEMENTS—(Continued)