Time Warner Cable 2010 Annual Report Download - page 128
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Consolidating Balance Sheet
December 31, 2009
Parent
Company
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries Eliminations
TWC
Consolidated
(in millions)
ASSETS
Current assets:
Cash and equivalents ...................... $ 1,048 $ — $ — $ — $ 1,048
Receivables, net .......................... 26 211 426 — 663
Receivables from affiliated parties ............ 20 8 215 (243) —
Deferred income tax assets.................. 139 107 89 (196) 139
Other current assets ....................... 153 50 49 — 252
Total current assets ......................... 1,386 376 779 (439) 2,102
Investments in and amounts due from consolidated
subsidiaries ............................. 40,951 20,774 10,593 (72,318) —
Investments ............................... 19 5 951 — 975
Property, plant and equipment, net .............. 17 3,948 9,954 — 13,919
Intangible assets subject to amortization, net ...... — 5 269 — 274
Intangible assets not subject to amortization ....... — 6,216 17,876 — 24,092
Goodwill................................. 4 3 2,104 — 2,111
Other assets............................... 180 9 32 — 221
Total assets ............................... $ 42,557 $ 31,336 $ 42,558 $ (72,757) $ 43,694
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable......................... $ — $ 176 $ 302 $ — $ 478
Deferred revenue and subscriber-related
liabilities ............................. — 45 125 — 170
Payables to affiliated parties ................. 8 215 20 (243) —
Accrued programming expense............... — 697 41 — 738
Other current liabilities .................... 464 545 563 — 1,572
Total current liabilities ....................... 472 1,678 1,051 (243) 2,958
Long-term debt ............................ 19,617 2,714 — — 22,331
Mandatorily redeemable preferred equity . . ....... — 1,928 300 (1,928) 300
Deferred income tax liabilities, net.............. 8,955 4,428 4,360 (8,786) 8,957
Long-term payables to affiliated parties . . . ....... 4,640 512 8,704 (13,856) —
Other liabilities ............................ 188 108 163 — 459
TWC shareholders’ equity:
Due to TWC and subsidiaries ................ — 7 571 (578) —
Other TWC shareholders’ equity ............. 8,685 16,315 27,409 (43,724) 8,685
Total TWC shareholders’ equity................ 8,685 16,322 27,980 (44,302) 8,685
Noncontrolling interests ...................... — 3,646 — (3,642) 4
Total equity ............................... 8,685 19,968 27,980 (47,944) 8,689
Total liabilities and equity .................... $ 42,557 $ 31,336 $ 42,558 $ (72,757) $ 43,694
116
TIME WARNER CABLE INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)