Time Warner Cable 2011 Annual Report Download - page 104

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TIME WARNER CABLE INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Common Stock Dividends
The Company’s Board of Directors declared quarterly cash dividends per share of TWC common stock in 2011 as
follows (in millions, except per share data):
2011 2010
Month
Declared Per Share Amount
Month
Declared Per Share Amount
First Quarter .......................... January $ 0.48 $ 167 January $ 0.40 $ 144
Second Quarter ....................... May 0.48 163 April 0.40 144
Third Quarter ......................... July 0.48 158 July 0.40 144
Fourth Quarter ........................ October 0.48 155 November 0.40 144
Total ................................ $ 1.92 $ 643 $ 1.60 $ 576
On January 25, 2012, TWC’s Board of Directors declared an increased quarterly cash dividend of $0.56 per share of
TWC common stock, payable in cash on March 15, 2012 to stockholders of record at the close of business on February 29,
2012.
Accumulated Other Comprehensive Loss, Net
The following summary sets forth the changes in each component of other comprehensive loss, net, in TWC
shareholders’ equity (in millions):
Unrealized
Losses
on Pension
Benefit
Obligation
Deferred
Gains (Losses)
on Cash
Flow Hedges
Accumulated
Other
Comprehensive
Loss, Net
Balance as of December 31, 2008 .................................. $ (463) $ (4) $ (467)
2009 other comprehensive income, net of tax ......................... 146 2 148
Balance as of December 31, 2009 .................................. (317) (2) (319)
2010 other comprehensive income, net of tax ......................... 24 4 28
Balance as of December 31, 2010 .................................. (293) 2 (291)
2011 other comprehensive loss, net of tax ............................ (250) (18) (268)
Balance as of December 31, 2011 .................................. $ (543) $ (16) $ (559)
14. EQUITY-BASED COMPENSATION
The Company has one active equity plan (the “2011 Plan”) under which TWC is authorized to grant restricted stock
units (“RSUs”) and options to purchase shares of TWC common stock to its employees and non-employee directors. Prior to
stockholder approval of the 2011 Plan, the Company’s equity awards were made under the Company’s 2006 Stock Incentive
Plan (the “2006 Plan” and, collectively, the “Equity Plans”). As of December 31, 2011, the 2011 Plan provides for the
issuance of up to 20.0 million shares of TWC common stock, of which 19.8 million shares were available for grant.
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