Time Warner Cable 2011 Annual Report Download - page 127
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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, 2010
Parent
Company
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries Eliminations
TWC
Consolidated
Revenues ....................................... $ — $ 3,001 $ 15,867 $ — $ 18,868
Costs and expenses:
Costs of revenues .............................. — 1,691 7,182 — 8,873
Selling, general and administrative ................ — 190 2,935 — 3,125
Depreciation .................................. — 753 2,208 — 2,961
Amortization .................................. — — 168 — 168
Intercompany royalties .......................... — (346) 346 — —
Merger-related and restructuring costs .............. — 30 22 — 52
Total costs and expenses ........................... — 2,318 12,861 — 15,179
Operating Income ................................ — 683 3,006 — 3,689
Equity in pretax income of consolidated subsidiaries .... 2,532 1,778 202 (4,512) —
Interest expense, net .............................. (343) (478) (573) — (1,394)
Other income (expense), net ........................ — 4 (103) — (99)
Income before income taxes ........................ 2,189 1,987 2,532 (4,512) 2,196
Income tax provision ............................. (881) (778) (716) 1,492 (883)
Net income ..................................... 1,308 1,209 1,816 (3,020) 1,313
Less: Net income attributable to noncontrolling
interests ...................................... — (93) — 88 (5)
Net income attributable to TWC shareholders .......... $ 1,308 $ 1,116 $ 1,816 $ (2,932) $ 1,308
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