Time Warner Cable 2011 Annual Report Download - page 77
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TIME WARNER CABLE INC.
CONSOLIDATED BALANCE SHEET
December 31,
2011 2010
(in millions)
ASSETS
Current assets:
Cash and equivalents ....................................................... $ 5,177 $ 3,047
Receivables, less allowances of $62 million and $74 million
as of December 31, 2011 and 2010, respectively ............................... 767 718
Deferred income tax assets .................................................. 267 150
Other current assets ........................................................ 187 425
Total current assets .......................................................... 6,398 4,340
Investments ................................................................ 774 866
Property, plant and equipment, net .............................................. 13,905 13,873
Intangible assets subject to amortization, net ...................................... 228 132
Intangible assets not subject to amortization ....................................... 24,272 24,091
Goodwill .................................................................. 2,247 2,091
Other assets ................................................................ 452 429
Total assets ................................................................. $ 48,276 $ 45,822
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable .......................................................... $ 545 $ 529
Deferred revenue and subscriber-related liabilities ................................ 169 163
Accrued programming expense ............................................... 807 765
Current maturities of long-term debt ........................................... 2,122 —
Other current liabilities ..................................................... 1,727 1,629
Total current liabilities ........................................................ 5,370 3,086
Long-term debt ............................................................. 24,320 23,121
Mandatorily redeemable preferred equity issued by a subsidiary ....................... 300 300
Deferred income tax liabilities, net .............................................. 10,198 9,637
Other liabilities ............................................................. 551 461
Commitments and contingencies (Note 19)
TWC shareholders’ equity:
Common stock, $0.01 par value, 315.0 million and 348.3 million shares
issued and outstanding as of December 31, 2011 and 2010, respectively ............. 3 3
Additional paid-in capital ................................................... 8,018 9,444
Retained earnings .......................................................... 68 54
Accumulated other comprehensive loss, net ..................................... (559) (291)
Total TWC shareholders’ equity ................................................ 7,530 9,210
Noncontrolling interests ....................................................... 7 7
Total equity ................................................................ 7,537 9,217
Total liabilities and equity ..................................................... $ 48,276 $ 45,822
See accompanying notes.
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