Time Warner Cable 2012 Annual Report Download - page 133
Download and view the complete annual report
Please find page 133 of the 2012 Time Warner Cable annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123 -
124 -
125 -
126 -
127 -
128 -
129 -
130 -
131 -
132 -
133 -
134 -
135 -
136 -
137 -
138 -
139 -
140 -
141 -
142 -
143 -
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
 |
 |
TIME WARNER CABLE INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Consolidating Statement of Operations for the Year Ended December 31, 2011
(recast)
Parent
Company
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries Eliminations
TWC
Consolidated
Revenue ...................................$ — $ — $ 19,675 $ — $ 19,675
Costs and expenses:
Cost of revenue ........................... — — 9,138 — 9,138
Selling, general and administrative ............ — — 3,311 — 3,311
Depreciation ............................. — — 2,994 — 2,994
Amortization ............................. — — 33 — 33
Merger-related and restructuring costs ......... 9 — 61 — 70
Asset impairments ......................... — — 60 — 60
Total costs and expenses ...................... 9 — 15,597 — 15,606
Operating Income (Loss) ..................... (9) — 4,078 — 4,069
Equity in pretax income (loss) of consolidated
subsidiaries .............................. 2,789 3,112 (130) (5,771) —
Interest expense, net ......................... (324) (204) (990) — (1,518)
Other income (expense), net ................... 2 (13) (78) — (89)
Income before income taxes ................... 2,458 2,895 2,880 (5,771) 2,462
Income tax provision ........................ (793) (935) (839) 1,772 (795)
Net income ................................ 1,665 1,960 2,041 (3,999) 1,667
Less: Net income attributable to noncontrolling
interests ................................. — — (2) — (2)
Net income attributable to TWC shareholders .....$ 1,665 $ 1,960 $ 2,039 $ (3,999) $ 1,665
Consolidating Statement of Comprehensive Income for the Year Ended December 31, 2011
(recast)
Parent
Company
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries Eliminations
TWC
Consolidated
Net income ................................$ 1,665 $ 1,960 $ 2,041 $ (3,999) $ 1,667
Change in accumulated unrealized losses on
pension benefit obligation, net of tax .......... (250) — — — (250)
Change in accumulated deferred gains (losses) on
cash flow hedges, net of tax ................. (18) — — — (18)
Other comprehensive loss ..................... (268) — — — (268)
Comprehensive income ....................... 1,397 1,960 2,041 (3,999) 1,399
Less: Comprehensive income attributable to
noncontrolling interests ..................... — — (2) — (2)
Comprehensive income attributable to TWC
shareholders .............................$ 1,397 $ 1,960 $ 2,039 $ (3,999) $ 1,397
123