Time Warner Cable 2009 Annual Report Download - page 5

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• Carefully managed our operating
and capital expenses and generated
free cash flow of over $1.9 billion
• Grew primary service units (PSUs),
which are total video, high-speed data
and digital phone subscribers, by
nearly 800,000 to 26.4 million
• Added 562,000 high-speed data
customers and introduced our
Wideband DOCSIS 3.0 broad-
band service
• Increased digital phone subscribers
by nearly 12% and continued to take
share away from the traditional
phone companies
• Launched our 4G wireless broadband
service, Road Runner MobileTM
• Significantly increased the number of
high-definition channels available to
our customers (to more than 100 HD
channels in many of our service areas)
• Expanded availability of our popular
network DVR-based Start Over
service to about 80% of our digital
video subscribers
Although our media sales business
suffered from the overall advertising
downturn, we’re confident that adver-
tising revenues will return to growth
in 2010, in part from expected robust
political ad spending in advance of
the mid-term elections.
On the competitive front, we continued
to compete strongly against satellite TV
and the traditional phone companies’
new video services in 2009, even as the
telcos continued expanding availability
of their services in our footprint.
Returning Capital to
Stockholders
In March 2010, we paid our first quarterly
cash dividend of $0.40 per share of com-
mon stock. It makes a strong statement
about our confidence in our company.
The dividend provides a significant
yield to investors while leaving the
company the flexibility to invest in
organic growth and consider new
business opportunities and other ways
of returning capital to stockholders
over time.
Product Enhancements
A big focus for us in 2010, as always,
is to continue enhancing our products
to meet our customers’ needs and
compete effectively. Building on last
year’s accomplishments, our focus on
A big focus for us in 2010, as always,
is to continue enhancing our products
to meet our customers’ needs and
compete effectively.
TIME WARNER CABLE 2009 ANNUAL REPORT 3
Our consistency and focus in the face of unprecedented
challenges in 2009 reinforced our belief that we operate
in a great industry and that Time Warner Cable is a
fundamentally strong company.