Time Warner Cable 2011 Annual Report Download - page 10

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than an agreed upon threshold, as well as a working capital adjustment. The Company has obtained all necessary regulatory
approvals and expects the transaction to close by the end of the first quarter of 2012; however, there can be no assurances
that the transaction will close or, if it does, that the Company will realize the potential financial and operating benefits of the
transaction. See “Management’s Discussion and Analysis of Results of Operations and Financial Condition—Overview—
Recent Developments—Acquisitions” and Note 6 to the accompanying consolidated financial statements for additional
information.
On November 1, 2011, TWC completed its acquisition of certain NewWave Communications (“NewWave”) cable
systems in Kentucky and western Tennessee for $259 million in cash. The financial results for the NewWave cable systems,
which served subscribers representing 138,000 primary service units as of the acquisition date, have been included in the
Company’s consolidated financial statements from the acquisition date. See “Management’s Discussion and Analysis of
Results of Operations and Financial Condition—Overview—Recent Developments—Acquisitions” and Note 6 to the
accompanying consolidated financial statements for additional information.
Additionally, during 2011, TWC completed two acquisitions of cable systems in Texas and Ohio serving subscribers
representing a total of 26,000 primary service units for $38 million in cash.
Caution Concerning Forward-Looking Statements and Risk Factors
This Annual Report on Form 10-K includes certain “forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995. These statements are based on management’s current expectations and beliefs and
are inherently susceptible to uncertainty and changes in circumstances. Actual results may vary materially from the
expectations contained herein due to changes in economic, business, competitive, technological, strategic and/or regulatory
factors and other factors affecting the operation of TWC’s business. For more detailed information about these factors, and
risk factors with respect to the Company’s operations, see Item 1A, “Risk Factors,” below and “Caution Concerning
Forward-Looking Statements” in “Management’s Discussion and Analysis of Results of Operations and Financial Condition”
in the financial section of this report. TWC is under no obligation to, and expressly disclaims any obligation to, update or
alter its forward-looking statements, whether as a result of such changes, new information, subsequent events or otherwise.
Available Information and Website
Although TWC and its predecessors have been in the cable business for over 40 years in various legal forms, Time
Warner Cable Inc. was incorporated as a Delaware corporation on March 21, 2003. TWC’s annual report on Form 10-K,
quarterly reports on Form 10-Q, current reports on Form 8-K and any amendments to such reports filed with or furnished to
the Securities and Exchange Commission (“SEC”) pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934,
as amended (the “Exchange Act”), are available free of charge on the Company’s website at www.timewarnercable.com as
soon as reasonably practicable after such reports are electronically filed with the SEC (www.sec.gov).
Services
TWC offers its residential and business services customers video, high-speed data and voice services over its broadband
cable systems. TWC’s business services also include networking and transport services and, through its wholly owned
subsidiary, NaviSite, managed and outsourced IT solutions and cloud services. TWC also sells advertising to a variety of
national, regional and local customers.
Residential Services
Video Services
TWC offers a broad range of residential video services designed to give customers access to any content that it offers,
any time they want it, and, increasingly, anywhere they are and on any device they choose. As of December 31, 2011, TWC
served approximately 11.9 million residential video subscribers.
Any content. TWC offers various tiers and packages of residential video programming and music services ranging from
a basic service tier with approximately 15 channels to a full set of digital packages with over 400 channels. TWC tailors its
residential video programming tiers and packages to appeal to specific groups of existing and potential customers. It offers
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