Time Warner Cable 2010 Annual Report Download - page 83

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TIME WARNER CABLE INC.
CONSOLIDATED STATEMENT OF EQUITY
Common
Stock
Additional
Paid-in
Capital
Retained
Earnings
(Accumulated
Deficit)
Accumulated
Other
Comprehensive
Income (Loss)
Noncontrolling
Interests
Total
Equity
(in millions)
Balance as of December 31, 2007. ...........$ 3$ 19,418 $ 5,459 $ (174) $ 1,724 $ 26,430
Net loss . ........................... — — (7,344) — (619) (7,963)
Other comprehensive loss ................ — — — (293) — (293)
Comprehensive loss . ..................... — — (7,344) (293) (619) (8,256)
Equity-based compensation ................ — 73 — — 5 78
Impact of adopting new
accounting pronouncements
(a)
............. — — (1) — — (1)
Other changes
(b)
........................ — 23 — — — 23
Balance as of December 31, 2008. ........... 3 19,514 (1,886) (467) 1,110 18,274
Net income .......................... — — 1,070 — 22 1,092
Other comprehensive income . . ........... — — — 148 — 148
Comprehensive income . . . ................ — — 1,070 148 22 1,240
Equity-based compensation ................ — 95 — — 2 97
Redemption of Historic TW’s interest in
TWNY ............................ 1 1,127 — — (1,128) —
Special cash dividend ($30.81 per
common share) . . ..................... — (10,856) — — — (10,856)
Retained distribution related to unvested
restricted stock units . . . ................ — (46) — — — (46)
Other changes
(b)
........................ — (21) 3 — (2) (20)
Balance as of December 31, 2009. ........... 4 9,813 (813) (319) 4 8,689
Net income .......................... — — 1,308 — 5 1,313
Other comprehensive income . . ........... — — — 28 — 28
Comprehensive income . . . ................ — — 1,308 28 5 1,341
Equity-based compensation ................ — 109 — — — 109
Repurchase and retirement of common stock .... (1) (217) (297) — — (515)
Shares issued upon the exercise of TWC stock
options . . ........................... — 122 — — — 122
Cash dividends declared ($1.60 per
common share) . . ..................... — (432) (144) — — (576)
Other changes
(c)
........................ — 49 — — (2) 47
Balance as of December 31, 2010. ...........$ 3$ 9,444 $ 54 $ (291) $ 7 $ 9,217
(a)
Amount reflects the impact of adopting authoritative guidance issued by the Financial Accounting Standards Board relating to the accounting for
collateral assignment split-dollar life insurance arrangements.
(b)
Amounts primarily represent allocations related to Time Warner Inc. equity-based compensation activity prior to TWC’s separation from Time
Warner Inc.
(c)
Amount primarily represents the true-up of TWC’s deferred tax assets associated with vested Time Warner Inc. stock options.
See accompanying notes.
71