Time Warner Cable 2011 Annual Report Download - page 81

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TIME WARNER CABLE INC.
CONSOLIDATED STATEMENT OF EQUITY
Common
Stock
Additional
Paid-in
Capital
Retained
Earnings
(Accumulated
Deficit)
Accumulated
Other
Comprehensive
Loss, Net
Non-
controlling
Interests Total Equity
(in millions)
Balance as of December 31, 2008 ........ $ 3 $ 19,514 $ (1,886) $ (467) $ 1,110 $ 18,274
Netincome ....................... — — 1,070 — 22 1,092
Othercomprehensiveincome ......... — — — 148 — 148
Comprehensiveincome ............... — — 1,070 148 22 1,240
Equity-basedcompensationexpense .......
—95 — — 2 97
Redemption of Historic TW’s interest in
TWNY .......................... 1 1,127 — — (1,128) —
Special cash dividend ($30.81 per common
share)............................ — (10,856) — — — (10,856)
Retained distribution related to unvested
restricted stock units ............... — (46) — — — (46)
Other changes(a) ...................... — (21) 3 — (2) (20)
Balance as of December 31, 2009 ........ 4 9,813 (813) (319) 4 8,689
Netincome ....................... — — 1,308 — 5 1,313
Othercomprehensiveincome ......... — — — 28 — 28
Comprehensiveincome ............... — — 1,308 28 5 1,341
Equity-based compensation expense ..... — 109 — — — 109
Shares issued upon the exercise of TWC
stockoptions ..................... — 122 — — — 122
Taxes paid in lieu of shares issued for
equity-based compensation .......... — (9) — — — (9)
Cash dividends declared ($1.60 per
commonshare) .................... — (432) (144) — — (576)
Repurchase and retirement of common
stock ............................ (1) (217) (297) — — (515)
Other changes(b) ...................... — 58 — — (2) 56
Balance as of December 31, 2010 ........ 3 9,444 54 (291) 7 9,217
Netincome ....................... — — 1,665 — 2 1,667
Othercomprehensiveloss ............ — — — (268) — (268)
Comprehensiveincome(loss) ........... — — 1,665 (268) 2 1,399
Equity-based compensation expense ..... — 113 — — — 113
Shares issued upon the exercise of TWC
stockoptions ..................... — 114 — — — 114
Taxes paid in lieu of shares issued for
equity-based compensation .......... — (29) — — — (29)
Cash dividends declared ($1.92 per
commonshare) .................... — (632) (11) — — (643)
Repurchase and retirement of common
stock ............................ — (992) (1,640) — — (2,632)
Otherchanges ....................... — — — — (2) (2)
Balance as of December 31, 2011 ........ $ 3 $ 8,018 $ 68 $ (559) $ 7 $ 7,537
(a) Amounts primarily represent allocations related to Time Warner Inc. equity-based compensation activity prior to TWC’s separation from Time Warner
Inc.
(b) Amount primarily represents the true-up of TWC’s deferred income tax asset associated with vested Time Warner Inc. stock options.
See accompanying notes.
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