Time Warner Cable 2012 Annual Report Download - page 52

Download and view the complete annual report

Please find page 52 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.

Page out of 154

  • 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.
MANAGEMENT’S DISCUSSION AND ANALYSIS OF RESULTS
OF OPERATIONS AND FINANCIAL CONDITION—(Continued)
Residential services revenue. The major components of residential services revenue were as follows (in millions):
Year Ended December 31,
2012(a) 2011(a) % Change(a)
Residential services:
Video .......................................................$ 10,917 $ 10,589 3.1%
High-speed data ............................................... 5,090 4,476 13.7%
Voice ....................................................... 2,104 1,979 6.3%
Other ....................................................... 64 49 30.6%
Total residential services ..........................................$ 18,175 $ 17,093 6.3%
(a) Residential services revenue for 2012 and 2011 includes revenue from Insight since its acquisition on February 29, 2012 and the cable systems
acquired from NewWave on November 1, 2011, as follows (in millions):
Year Ended December 31,
2012 2011
Insight NewWave NewWave
Residential services:
Video ..................................................................$ 462 $ 44 $ 7
High-speed data .......................................................... 220 17 3
Voice .................................................................. 127 11 2
Other .................................................................. 3 — —
Total residential services .......................................................$ 812 $ 72 $ 12
For residential services, average monthly revenue per unit was as follows:
Year Ended December 31,
2012 2011 % Change
Video(a) ........................................................$ 74.64 $ 73.18 2.0%
High-speed data(b) ............................................... 39.66 38.32 3.5%
Voice(c) ........................................................ 35.68 36.89 (3.3%)
Primary service units(d) ........................................... 54.53 54.30 0.4%
Customer relationships(e) .......................................... 103.57 101.67 1.9%
(a) Average monthly residential video revenue per unit represents residential video revenue divided by the corresponding average residential video
subscribers for the period.
(b) Average monthly residential high-speed data revenue per unit represents residential high-speed data revenue divided by the corresponding average
residential high-speed data subscribers for the period.
(c) Average monthly residential voice revenue per unit represents residential voice revenue divided by the corresponding average residential voice
subscribers for the period.
(d) Average monthly residential revenue per residential primary service unit represents residential services revenue divided by the corresponding average
residential primary service units for the period.
(e) Average monthly residential revenue per residential customer relationship represents residential services revenue divided by the corresponding average
residential customer relationships for the period.
42