Time Warner Cable 2014 Annual Report Download - page 126
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TIME WARNER CABLE INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Condensed consolidating financial information is as follows (in millions):
Condensed Consolidating Balance Sheet as of December 31, 2014
Parent
Company
Guarantor
Subsidiary
Non-
Guarantor
Subsidiaries Eliminations
TWC
Consolidated
ASSETS
Current assets:
Cash and equivalents ................... $ 481 $ — $ 226 $ — $ 707
Receivables, net ....................... 31 — 918 — 949
Receivables from affiliated parties ........ 215 — 27 (242) —
Deferred income tax assets .............. 9 — 264 (4) 269
Other current assets .................... 121 46 224 — 391
Total current assets ...................... 857 46 1,659 (246) 2,316
Investments in and amounts due from
consolidated subsidiaries ................ 44,790 46,401 7,641 (98,832) —
Investments ............................ — 51 13 — 64
Property, plant and equipment, net .......... — 28 15,962 — 15,990
Intangible assets subject to amortization, net . . — 5 518 — 523
Intangible assets not subject to amortization . . . — — 26,012 — 26,012
Goodwill .............................. — — 3,137 — 3,137
Other assets ............................ 385 — 74 — 459
Total assets ............................ $ 46,032 $ 46,531 $ 55,016 $ (99,078) $ 48,501
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable ...................... $ — $ — $ 567 $ — $ 567
Deferred revenue and subscriber-related
liabilities .......................... — — 198 — 198
Payables to affiliated parties ............. 27 212 3 (242) —
Accrued programming and content
expense ........................... — — 902 — 902
Current maturities of long-term debt ....... 1,008 — 9 — 1,017
Other current liabilities ................. 529 67 1,221 (4) 1,813
Total current liabilities .................... 1,564 279 2,900 (246) 4,497
Long-term debt ......................... 20,564 2,061 76 — 22,701
Deferred income tax liabilities, net .......... 23 214 12,323 — 12,560
Long-term payables to affiliated parties ...... 7,641 14,702 — (22,343) —
Other liabilities ......................... 154 91 481 — 726
TWC shareholders’ equity:
Due to (from) TWC and subsidiaries ...... 8,073 1,216 (9,289) — —
Other TWC shareholders’ equity .......... 8,013 27,968 48,521 (76,489) 8,013
Total TWC shareholders’ equity ............ 16,086 29,184 39,232 (76,489) 8,013
Noncontrolling interests .................. — — 4 — 4
Total equity ............................ 16,086 29,184 39,236 (76,489) 8,017
Total liabilities and equity ................. $ 46,032 $ 46,531 $ 55,016 $ (99,078) $ 48,501
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