Time Warner Cable 2010 Annual Report Download - page 99
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performed as of December 31, 2008, did not result in any goodwill impairments, but did result in a noncash pretax
impairment charge on cable franchise rights of $14.822 billion.
The carrying value of cable franchise rights and goodwill by unit of accounting as of December 31, 2010 and 2009
was as follows (in millions):
Cable
Franchise
Rights Goodwill
Cable
Franchise
Rights Goodwill
December 31, 2010 December 31, 2009
Carrying Value as of
Midwest .................................... $ 5,934 $ 562 $ 5,028 $ 505
Northeast ................................... 5,645 466 5,645 466
Carolinas ................................... 3,969 231 3,908 224
West....................................... 3,498 484 3,350 489
New York City . .............................. 3,345 204 3,345 204
Texas...................................... 1,700 144 1,700 143
National
(a)
................................... — — 722 80
Kansas City
(a)
................................ — — 394 —
Total....................................... $ 24,091 $ 2,091 $ 24,092 $ 2,111
(a)
In connection with certain operational reorganizations during 2010, the Company combined its Kansas City and Midwest reporting units. In
addition, the Company dissolved its National reporting unit and allocated the systems contained therein to its West, Midwest and Carolinas
reporting units. The Company tested the cable franchise rights and goodwill held by the aforementioned units of accounting for impairment
immediately prior to the reorganizations and determined that no impairments existed.
The 2008 cable franchise rights impairment charge by unit of accounting was as follows (in millions):
West......................................................................... $ 3,558
New York City ................................................................. 2,156
Texas ........................................................................ 3,270
Midwest ...................................................................... 2,835
Carolinas ...................................................................... 1,659
Northeast...................................................................... 962
National ...................................................................... 382
Kansas City .................................................................... —
Total ......................................................................... $ 14,822
As a result of the cable franchise rights impairment charge taken in 2008, the carrying values of the Company’s
impaired cable franchise rights (which represented the cable franchise rights in all of the Company’s eight units of
accounting except for Kansas City) were adjusted to their estimated fair values as of December 31, 2008.
87
TIME WARNER CABLE INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)