Time Warner Cable 2010 Annual Report Download - page 129
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Please find page 129 of the 2010 Time Warner Cable annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.Consolidating Statement of Operations
Year Ended December 31, 2010
Parent
Company
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries Eliminations
TWC
Consolidated
(in millions)
Revenues . . . ........................... $ — $ 3,001 $ 15,867 $ — $ 18,868
Costs of revenues ........................ — 1,691 7,250 — 8,941
Selling, general and administrative ........... — 190 2,867 — 3,057
Depreciation ........................... — 753 2,208 — 2,961
Amortization ........................... — — 168 — 168
Intercompany royalties .................... — (346) 346 — —
Restructuring costs ....................... — 30 22 — 52
Total costs and expenses .................. — 2,318 12,861 — 15,179
Operating Income ....................... — 683 3,006 — 3,689
Equity in pretax income of consolidated
subsidiaries .......................... 2,532 1,778 202 (4,512) —
Interest expense, net...................... (343) (478) (573) — (1,394)
Other income (expense), net ................ — 4 (103) — (99)
Income before income taxes ................ 2,189 1,987 2,532 (4,512) 2,196
Income tax provision ..................... (881) (778) (716) 1,492 (883)
Net income . ........................... 1,308 1,209 1,816 (3,020) 1,313
Less: Net income attributable to noncontrolling
interests . . ........................... — (93) — 88 (5)
Net income attributable to TWC shareholders . . . $ 1,308 $ 1,116 $ 1,816 $ (2,932) $ 1,308
117
TIME WARNER CABLE INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)