Time Warner Cable 2010 Annual Report Download - page 130
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Consolidating Statement of Operations
Year Ended December 31, 2009
Parent
Company
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries Eliminations
TWC
Consolidated
(in millions)
Revenues . . . ........................... $ — $ 3,860 $ 14,212 $ (204) $ 17,868
Costs of revenues ........................ — 2,091 6,668 (204) 8,555
Selling, general and administrative ........... — 418 2,412 — 2,830
Depreciation ........................... 1 742 2,093 — 2,836
Amortization ........................... — 1 248 — 249
Restructuring costs ....................... — 34 47 — 81
Total costs and expenses .................. 1 3,286 11,468 (204) 14,551
Operating Income (Loss) .................. (1) 574 2,744 — 3,317
Equity in pretax income of consolidated
subsidiaries .......................... 2,729 1,892 53 (4,674) —
Interest expense, net...................... (822) (476) (21) — (1,319)
Other expense, net ....................... (31) (8) (47) — (86)
Income before income taxes ................ 1,875 1,982 2,729 (4,674) 1,912
Income tax provision ..................... (805) (789) (774) 1,548 (820)
Net income . ........................... 1,070 1,193 1,955 (3,126) 1,092
Less: Net income attributable to noncontrolling
interests . . ........................... — (42) — 20 (22)
Net income attributable to TWC shareholders . . . $ 1,070 $ 1,151 $ 1,955 $ (3,106) $ 1,070
118
TIME WARNER CABLE INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)