Time Warner Cable 2012 Annual Report Download - page 118
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TIME WARNER CABLE INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
15. MERGER-RELATED AND RESTRUCTURING COSTS
Merger-related and restructuring costs for the years ended December 31, 2012, 2011 and 2010 consisted of (in millions):
Year Ended December 31,
2012 2011 2010
Merger-related costs .................................................$ 54 $ 10 $ —
Restructuring costs .................................................. 61 60 52
Total merger-related and restructuring costs ..............................$ 115 $ 70 $ 52
Merger-related Costs
For the year ended December 31, 2012, the Company incurred merger-related costs of $54 million primarily due to
severance costs and legal, professional and other fees incurred in connection with the Insight acquisition. For the year ended
December 31, 2011, the Company incurred merger-related costs of $10 million in connection with the acquisitions of
NaviSite, the NewWave cable systems and Insight. Information relating to merger-related costs incurred is as follows (in
millions):
Employee
Termination
Costs
Other
Costs Total
Costs incurred ......................................................$ — $ 10 $ 10
Cash paid .......................................................... — (10) (10)
Remaining liability as of December 31, 2011 ............................. — — —
Costs incurred ...................................................... 22 32 54
Cash paid .......................................................... (15) (25) (40)
Remaining liability as of December 31, 2012(a) ............................
$7$7$14
(a) Of the remaining liability as of December 31, 2012, $12 million is classified as a current liability, with the remaining amount classified as a noncurrent
liability in the consolidated balance sheet. Amounts are expected to be paid through January 2015.
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