Time Warner Cable 2011 Annual Report Download - page 126
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TIME WARNER CABLE INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Consolidating Statement of Operations for the Year Ended of December 31, 2011
Parent
Company
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries Eliminations
TWC
Consolidated
Revenues ....................................... $ — $ 2,862 $ 16,893 $ (80) $ 19,675
Costs and expenses:
Costs of revenues .............................. — 1,575 7,643 (80) 9,138
Selling, general and administrative ................ — 211 3,100 — 3,311
Depreciation .................................. — 766 2,228 — 2,994
Amortization .................................. — 2 31 — 33
Intercompany royalties .......................... — (333) 333 — —
Merger-related and restructuring costs .............. 9 26 35 — 70
Asset impairments ............................. — — 60 — 60
Total costs and expenses ........................... 9 2,247 13,430 (80) 15,606
Operating Income (Loss) .......................... (9) 615 3,463 — 4,069
Equity in pretax income of consolidated subsidiaries .... 2,789 2,073 114 (4,976) —
Interest expense, net .............................. (324) (499) (695) — (1,518)
Other income (expense), net ........................ 3 (2) (90) — (89)
Income before income taxes ........................ 2,459 2,187 2,792 (4,976) 2,462
Income tax provision ............................. (794) (777) (737) 1,513 (795)
Net income ..................................... 1,665 1,410 2,055 (3,463) 1,667
Less: Net income attributable to noncontrolling
interests ...................................... — (36) (2) 36 (2)
Net income attributable to TWC shareholders .......... $ 1,665 $ 1,374 $ 2,053 $ (3,427) $ 1,665
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