Time Warner Cable 2009 Annual Report Download - page 69

TIME WARNER CABLE INC.
CONSOLIDATED BALANCE SHEET
2009 2008
December 31,
(in millions)
ASSETS
Current assets:
Cash and equivalents ....................................................... $ 1,048 $ 5,449
Receivables, less allowances of $74 million and $90 million as of December 31, 2009 and
2008, respectively........................................................ 663 692
Receivables from affiliated parties ............................................. — 161
Deferred income tax assets ................................................... 139 156
Prepaid expenses and other current assets ........................................ 252 201
Total current assets .......................................................... 2,102 6,659
Investments ................................................................ 975 895
Property, plant and equipment, net ............................................... 13,919 13,537
Intangible assets subject to amortization, net ........................................ 274 493
Intangible assets not subject to amortization ........................................ 24,092 24,094
Goodwill .................................................................. 2,111 2,101
Other assets ................................................................ 221 110
Total assets ................................................................ $ 43,694 $ 47,889
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable .......................................................... $ 478 $ 546
Deferred revenue and subscriber-related liabilities .................................. 170 156
Payables to affiliated parties .................................................. 42 209
Accrued programming expense ................................................ 696 530
Other current liabilities...................................................... 1,572 1,432
Total current liabilities ........................................................ 2,958 2,873
Long-term debt ............................................................. 22,331 17,727
Mandatorily redeemable preferred equity membership units issued by a subsidiary............ 300 300
Deferred income tax liabilities, net ............................................... 8,957 8,193
Other liabilities ............................................................. 459 522
Commitments and contingencies (Note 17)
TWC shareholders’ equity:
Class A common stock, $0.01 par value, 0 shares and 300.7 million shares issued and
outstanding as of December 31, 2009 and 2008, respectively ........................ — 3
Class B common stock, $0.01 par value, 0 shares and 25.0 million shares issued and
outstanding as of December 31, 2009 and 2008, respectively ........................ — —
Common stock, $0.01 par value, 352.5 million shares and 0 shares issued and
outstanding as of December 31, 2009 and 2008, respectively ........................ 4 —
Paid-in capital ............................................................ 9,813 19,514
Accumulated other comprehensive loss, net....................................... (319) (467)
Accumulated deficit ........................................................ (813) (1,886)
Total TWC shareholders’ equity ................................................. 8,685 17,164
Noncontrolling interests ....................................................... 4 1,110
Total equity ................................................................ 8,689 18,274
Total liabilities and equity ..................................................... $ 43,694 $ 47,889
See accompanying notes.
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