Time Warner Cable 2010 Annual Report Download - page 131
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Consolidating Statement of Operations
Year Ended December 31, 2008
Parent
Company
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries Eliminations
TWC
Consolidated
(in millions)
Revenues . . . ........................... $ — $ 3,324 $ 14,050 $ (174) $ 17,200
Costs of revenues ........................ — 1,783 6,536 (174) 8,145
Selling, general and administrative ........... — 425 2,429 — 2,854
Depreciation ........................... — 664 2,162 — 2,826
Amortization ........................... — 1 261 — 262
Restructuring costs ....................... — 4 11 — 15
Impairment of cable franchise rights .......... — 2,729 12,093 — 14,822
Loss on sale of cable systems ............... — 11 47 — 58
Total costs and expenses .................. — 5,617 23,539 (174) 28,982
Operating Loss ......................... — (2,293) (9,489) — (11,782)
Equity in pretax loss of consolidated
subsidiaries .......................... (11,531) (6,723) (1,726) 19,980 —
Interest income (expense), net .............. (504) (466) 47 — (923)
Other income (expense), net ................ (15) 11 (363) — (367)
Loss before income taxes .................. (12,050) (9,471) (11,531) 19,980 (13,072)
Income tax benefit ....................... 4,706 3,255 3,310 (6,162) 5,109
Net loss ............................... (7,344) (6,216) (8,221) 13,818 (7,963)
Less: Net loss attributable to noncontrolling
interests . . ........................... — 1,227 — (608) 619
Net loss attributable to TWC shareholders ..... $ (7,344) $ (4,989) $ (8,221) $ 13,210 $ (7,344)
119
TIME WARNER CABLE INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)