Time Warner Cable 2011 Annual Report Download - page 136

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TIME WARNER CABLE INC.
SELECTED FINANCIAL INFORMATION—(Continued)
(c) During the fourth quarter of 2011, TWC completed its income tax returns for the 2010 taxable year, its first full-year income tax returns subsequent to
the Separation from Time Warner, reflecting the income tax positions and state income tax apportionments of TWC as a standalone taxpayer. Based on
these returns, the Company concluded that an approximate 65 basis point change in the estimate of the effective tax rate applied to calculate its net
deferred income tax liability was required. As a result, TWC recorded a noncash income tax benefit of $178 million during the fourth quarter of 2011.
(d) Amounts include $2.122 billion and $1 million of debt due within one year as of December 31, 2011 and 2008, respectively.
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