Time Warner Cable 2012 Annual Report Download - page 134

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TIME WARNER CABLE INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Consolidating Statement of Operations for the Year Ended December 31, 2010
(recast)
Parent
Company
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries Eliminations
TWC
Consolidated
Revenue ...................................$ — $ — $ 18,868 $ — $ 18,868
Costs and expenses:
Cost of revenue ........................... — — 8,873 — 8,873
Selling, general and administrative ............ — — 3,125 — 3,125
Depreciation ............................. — — 2,961 — 2,961
Amortization ............................. — — 168 — 168
Merger-related and restructuring costs ......... — — 52 — 52
Total costs and expenses ...................... — — 15,179 — 15,179
Operating Income ........................... — — 3,689 — 3,689
Equity in pretax income (loss) of consolidated
subsidiaries .............................. 2,533 2,869 (131) (5,271) —
Interest expense, net ......................... (345) (204) (845) — (1,394)
Other income (expense), net ................... 1 (15) (85) — (99)
Income before income taxes ................... 2,189 2,650 2,628 (5,271) 2,196
Income tax provision ........................ (881) (1,067) (926) 1,991 (883)
Net income ................................ 1,308 1,583 1,702 (3,280) 1,313
Less: Net income attributable to noncontrolling
interests ................................. — — (5) — (5)
Net income attributable to TWC shareholders .....$ 1,308 $ 1,583 $ 1,697 $ (3,280) $ 1,308
Consolidating Statement of Comprehensive Income for the Year Ended December 31, 2010
(recast)
Parent
Company
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries Eliminations
TWC
Consolidated
Net income ................................$ 1,308 $ 1,583 $ 1,702 $ (3,280) $ 1,313
Change in accumulated unrealized losses on
pension benefit obligation, net of tax .......... 24———24
Change in accumulated deferred gains (losses) on
cash flow hedges, net of tax ................. 4——— 4
Other comprehensive income .................. 28———28
Comprehensive income ....................... 1,336 1,583 1,702 (3,280) 1,341
Less: Comprehensive income attributable to
noncontrolling interests ..................... — — (5) — (5)
Comprehensive income attributable to
TWC shareholders ........................$ 1,336 $ 1,583 $ 1,697 $ (3,280) $ 1,336
124