Time Warner Cable 2014 Annual Report Download - page 100

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TIME WARNER CABLE INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Changes in Common Stock
Changes in common stock from January 1 through December 31 are presented below (in millions):
2014 2013 2012
Balance at beginning of year ................................... 277.9 297.7 315.0
Shares issued under the equity-based compensation plan ............. 4.4 4.2 4.8
Shares repurchased and retired .................................. (1.5) (24.0) (22.1)
Balance at end of year ........................................ 280.8 277.9 297.7
Common Stock Repurchase Program
In connection with the Company’s entry into the Merger Agreement, the Company suspended its $4.0 billion
common stock repurchase program (the “Stock Repurchase Program”) on February 13, 2014. Prior to the suspension, the
Company repurchased 1.5 million shares of TWC common stock for $208 million during 2014. As of December 31, 2014,
the Company had $2.723 billion remaining under the Stock Repurchase Program authorization.
Common Stock Dividends
TWC’s Board of Directors (“TWC’s Board”) declared quarterly cash dividends per share of TWC common stock in
2014, 2013 and 2012 as follows (in millions, except per share data):
2014 2013 2012
Per Share Amount Per Share Amount Per Share Amount
First Quarter .................... $ 0.75 $ 213 $ 0.65 $ 195 $ 0.56 $ 179
Second Quarter .................. 0.75 215 0.65 190 0.56 177
Third Quarter .................... 0.75 214 0.65 188 0.56 173
Fourth Quarter ................... 0.75 215 0.65 185 0.56 171
Total ........................... $ 3.00 $ 857 $ 2.60 $ 758 $ 2.24 $ 700
On February 12, 2015, TWC’s Board declared a quarterly cash dividend of $0.75 per share of TWC common stock,
payable in cash on March 16, 2015 to stockholders of record at the close of business on February 27, 2015.
Accumulated Other Comprehensive Income (Loss), Net
Changes in accumulated other comprehensive income (loss), net, included in TWC shareholders’ equity from
January 1 through December 31 are presented below (in millions):
Year Ended December 31,
2014 2013 2012
Balance at beginning of year ................................... $ 44 $ (663) $ (559)
Other comprehensive income (loss) before reclassifications, net of tax . . (445) 686 (90)
Amounts reclassified into earnings, net of tax ...................... 77 21 (14)
Other comprehensive income (loss), net of tax ..................... (368) 707 (104)
Balance at end of year ........................................ $ (324) $ 44 $ (663)
92