Time Warner Cable 2012 Annual Report Download - page 130
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TIME WARNER CABLE INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
The Company’s condensed consolidating financial information is as follows (in millions):
Consolidating Balance Sheet as of December 31, 2012
Parent
Company
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries Eliminations
TWC
Consolidated
ASSETS
Current assets:
Cash and equivalents ......................$ 2,174 $ — $ 1,130 $ — $ 3,304
Short-term investments in U.S. Treasury
securities .............................. 150———150
Receivables, net .......................... 49 — 834 — 883
Receivables from affiliated parties ............ 35 — 29 (64) —
Deferred income tax assets .................. 5 4 308 — 317
Other current assets ........................ 54 — 169 — 223
Total current assets .......................... 2,467 4 2,470 (64) 4,877
Investments in and amounts due from consolidated
subsidiaries .............................. 40,656 32,103 6,161 (78,920) —
Investments ................................ 17 58 12 — 87
Property, plant and equipment, net .............. — 33 14,709 — 14,742
Intangible assets subject to amortization, net ...... — 10 631 — 641
Intangible assets not subject to amortization ...... — — 26,011 — 26,011
Goodwill .................................. — — 2,889 — 2,889
Other assets ................................ 580 — 53 (71) 562
Total assets ................................$ 43,720 $ 32,208 $ 52,936 $ (79,055) $ 49,809
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable .........................$ 1 $ — $ 652 $ — $ 653
Deferred revenue and subscriber-related
liabilities .............................. — — 183 — 183
Payables to affiliated parties ................. 29 — 35 (64) —
Accrued programming expense .............. — — 872 — 872
Current maturities of long-term debt .......... 1,516 — 2 — 1,518
Mandatorily redeemable preferred equity ...... — — 300 — 300
Other current liabilities ..................... 631 61 1,107 — 1,799
Total current liabilities ....................... 2,177 61 3,151 (64) 5,325
Long-term debt ............................. 23,078 2,070 23 — 25,171
Deferred income tax liabilities, net .............. — 267 11,084 (71) 11,280
Long-term payables to affiliated parties .......... 7,641 — 8,702 (16,343) —
Other liabilities ............................. 275 3 472 — 750
TWC shareholders’ equity:
Due to (from) TWC and subsidiaries .......... 3,270 120 (3,390) — —
Other TWC shareholders’ equity ............. 7,279 29,687 32,890 (62,577) 7,279
Total TWC shareholders’ equity ................ 10,549 29,807 29,500 (62,577) 7,279
Noncontrolling interests ...................... — — 4 — 4
Total equity ................................ 10,549 29,807 29,504 (62,577) 7,283
Total liabilities and equity ....................$ 43,720 $ 32,208 $ 52,936 $ (79,055) $ 49,809
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