Time Warner Cable 2012 Annual Report Download - page 84
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TIME WARNER CABLE INC.
CONSOLIDATED STATEMENT OF EQUITY
Common
Stock
Additional
Paid-in
Capital
Retained
Earnings
(Accumulated
Deficit)
Accumulated
Other
Comprehensive
Loss, Net
Non-
controlling
Interests
Total
Equity
(in millions)
Balance as of December 31, 2009 . . . $ 4 $ 9,813 $ (813) $ (319) $ 4 $ 8,689
Net income ................... — — 1,308 — 5 1,313
Other comprehensive income .... — — — 28 — 28
Comprehensive income ........... — — 1,308 28 5 1,341
Equity-based compensation
expense ...................... — 109 — — — 109
Shares issued upon the exercise
of TWC stock options .......... — 122 — — — 122
Taxes paid in lieu of shares issued for
equity-based compensation ...... — (9) — — — (9)
Cash dividends declared ($1.60 per
common share) ................ — (432) (144) — — (576)
Repurchase and retirement of
common stock ................ (1) (217) (297) — — (515)
Other changes(a) ................. — 58 — — (2) 56
Balance as of December 31, 2010 . . . 3 9,444 54 (291) 7 9,217
Net income ................... — — 1,665 — 2 1,667
Other comprehensive loss ....... — — — (268) — (268)
Comprehensive income (loss) ...... — — 1,665 (268) 2 1,399
Equity-based compensation
expense ...................... — 113 — — — 113
Shares issued upon the exercise
of TWC stock options .......... — 114 — — — 114
Taxes paid in lieu of shares issued for
equity-based compensation ...... — (29) — — — (29)
Cash dividends declared ($1.92 per
common share) ................ — (632) (11) — — (643)
Repurchase and retirement of
common stock ................ — (992) (1,640) — — (2,632)
Other changes .................. — — — — (2) (2)
Balance as of December 31, 2011 . . . 3 8,018 68 (559) 7 7,537
Net income ................... — — 2,155 — 4 2,159
Other comprehensive loss ....... — — — (104) — (104)
Comprehensive income (loss) ...... — — 2,155 (104) 4 2,055
Equity-based compensation
expense ...................... — 130 — — — 130
Excess tax benefit realized from
equity-based compensation ...... — 62 — — — 62
Shares issued upon the exercise of
TWC stock options ............ — 140 — — — 140
Taxes paid in lieu of shares issued for
equity-based compensation ...... — (45) — — — (45)
Cash dividends declared ($2.24 per
common share) ................ — (143) (557) — — (700)
Repurchase and retirement of
common stock ................ — (562) (1,303) — — (1,865)
Acquisition of noncontrolling
interest ...................... — (27) — — (5) (32)
Other changes .................. — 3 — — (2) 1
Balance as of December 31, 2012 . . . $ 3 $ 7,576 $ 363 $ (663) $ 4 $ 7,283
(a) Amount primarily represents the true-up of TWC’s deferred income tax asset associated with vested Time Warner Inc. stock options.
See accompanying notes.
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