Time Warner Cable 2012 Annual Report Download - page 50
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TIME WARNER CABLE INC.
MANAGEMENT’S DISCUSSION AND ANALYSIS OF RESULTS
OF OPERATIONS AND FINANCIAL CONDITION—(Continued)
Basis of Presentation
Reclassifications
Certain reclassifications have been made to the prior years’ financial information to conform to the current year
presentation.
Recent Accounting Standards
See Note 2 to the accompanying consolidated financial statements for accounting standards adopted in 2012.
RESULTS OF OPERATIONS
2012 vs. 2011
The following discussion provides an analysis of the Company’s results of operations and should be read in conjunction
with the accompanying consolidated financial statements and notes thereto.
Revenue. Revenue by major category was as follows (in millions):
Year Ended December 31,
2012(a) 2011(a) % Change(a)
Residential services ................................................$ 18,175 $ 17,093 6.3%
Business services .................................................. 1,901 1,469 29.4%
Advertising ....................................................... 1,053 880 19.7%
Other ............................................................ 257 233 10.3%
Total ............................................................$ 21,386 $ 19,675 8.7%
(a) Revenue for 2012 and 2011 includes revenue from Insight since its acquisition on February 29, 2012, the cable systems acquired from NewWave
Communications (“NewWave”) on November 1, 2011 and NaviSite, Inc. (“NaviSite”), which was acquired on April 21, 2011, as follows (in millions):
Year Ended December 31,
2012 2011
Insight NewWave NaviSite NewWave NaviSite
Residential services ................................$ 812 $ 72 $ — $ 12 $ —
Business services .................................. 55 6 159 1 94
Advertising ....................................... 40————
Other ........................................... 4 1———
Total ............................................$ 911 $ 79 $ 159 $ 13 $ 94
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