Time Warner Cable 2011 Annual Report Download - page 40

PART II
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
The principal market for the Company’s common stock, par value $0.01 per share (the “TWC Common Stock”), is the
New York Stock Exchange. For quarterly price and dividend information for TWC Common Stock for the two years ended
December 31, 2011, see “Quarterly Financial Information” at page 129 herein, which information is incorporated herein by
reference. There were approximately 31,000 holders of record of TWC Common Stock as of February 15, 2012.
The Company paid a cash dividend of $0.40 per share of TWC Common Stock in each quarter of 2010, which totaled
$576 million during 2010, and paid a cash dividend of $0.48 per share of TWC Common Stock in each quarter of 2011,
which totaled $642 million during 2011. On January 25, 2012, the Company’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 on February 29, 2012. TWC currently expects to pay comparable cash dividends in the future; however, changes in
TWC’s dividend program will depend on the Company’s earnings, capital requirements, financial condition and other factors
considered relevant by the Company’s Board of Directors.
Issuer Purchases of Equity Securities
The following table provides information about the Company’s purchases of equity securities registered by the
Company pursuant to Section 12 of the Exchange Act during the quarter ended December 31, 2011.
Total Number
of Shares
Purchased
Average
Price Paid
Per Share(a)
Total Number
of Shares
Purchased as
Part of Publicly
Announced
Plans or
Programs(b)
Approximate
Dollar Value
of Shares that
May Yet Be
Purchased
Under the
Plans or
Programs(c)
October 1, 2011 - October 31, 2011 ................. 1,858,200 $ 67.77 1,858,200 $ 1,094,277,040
November 1, 2011 - November 30, 2011 ............. 1,875,180 60.78 1,875,180 980,304,769
December 1, 2011 - December 31, 2011 ............. 2,012,189 62.56 2,012,189 854,422,808
Total ......................................... 5,745,569 63.66 5,745,569
(a) The calculation of the average price paid per share does not give effect to any fees, commissions and other costs associated with the repurchase of such
shares.
(b) On October 29, 2010, the Company’s Board of Directors authorized a stock repurchase program that allows TWC to repurchase, from time to time, up
to $4.0 billion of TWC Common Stock. On January 25, 2012, the Company’s Board of Directors increased the remaining authorization under its stock
repurchase program ($758 million as of January 25, 2012) to an aggregate of up to $4.0 billion of TWC Common Stock effective January 26, 2012.
Purchases under the stock repurchase program may be made, from time to time, on the open market and in privately negotiated transactions. The size
and timing of these purchases will be based on a number of factors, including TWC’s Common Stock price and excess capital levels, as well as business
and market conditions.
(c) This amount does not reflect the fees, commissions and other costs associated with the stock repurchase program.
Item 6. Selected Financial Data.
The selected financial information of TWC as of and for the five years ended December 31, 2011 is set forth at pages
127 through 128 herein and is incorporated herein by reference.
Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations.
The information set forth under the caption “Management’s Discussion and Analysis of Results of Operations and
Financial Condition” at pages 38 through 68 herein is incorporated herein by reference.
Item 7A. Quantitative and Qualitative Disclosures About Market Risk.
The information set forth under the caption “Market Risk Management” at pages 63 through 64 herein is incorporated
herein by reference.
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