Time Warner Cable 2014 Annual Report Download - page 128

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TIME WARNER CABLE INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Condensed Consolidating Statement of Operations for the Year Ended December 31, 2014
Parent
Company
Guarantor
Subsidiary
Non-
Guarantor
Subsidiaries Eliminations
TWC
Consolidated
Revenue ................................ $ — $ — $ 22,812 $ — $ 22,812
Costs and expenses:
Programming and content ................ — — 5,294 — 5,294
Sales and marketing ..................... — — 2,192 — 2,192
Technical operations .................... — — 1,530 — 1,530
Customer care ......................... — — 839 — 839
Other operating ........................ — — 4,729 — 4,729
Depreciation .......................... — — 3,236 — 3,236
Amortization .......................... — — 135 — 135
Merger-related and restructuring costs ...... 66 — 159 — 225
Total costs and expenses ................... 66 — 18,114 — 18,180
Operating Income (Loss) ................... (66) — 4,698 — 4,632
Equity in pretax income of consolidated
subsidiaries ........................... 3,516 4,842 — (8,358) —
Interest income (expense), net ............... (202) (1,426) 209 — (1,419)
Other income, net ........................ — 6 29 — 35
Income before income taxes ................ 3,248 3,422 4,936 (8,358) 3,248
Income tax provision ...................... (1,217) (1,284) (1,287) 2,571 (1,217)
Net income ............................. 2,031 2,138 3,649 (5,787) 2,031
Less: Net income attributable to noncontrolling
interests .............................. — — — — —
Net income attributable to TWC shareholders . . $ 2,031 $ 2,138 $ 3,649 $ (5,787) $ 2,031
Condensed Consolidating Statement of Comprehensive Income for the Year Ended December 31, 2014
Parent
Company
Guarantor
Subsidiary
Non-
Guarantor
Subsidiaries Eliminations
TWC
Consolidated
Net income ............................. $ 2,031 $ 2,138 $ 3,649 $ (5,787) $ 2,031
Change in accumulated unrealized losses on
pension benefit obligation, net of tax ....... (369) — — — (369)
Change in accumulated deferred gains (losses)
on cash flow hedges, net of tax ............ 1 — — — 1
Other comprehensive loss .................. (368) — — — (368)
Comprehensive income .................... 1,663 2,138 3,649 (5,787) 1,663
Less: Comprehensive income attributable to
noncontrolling interests .................. — — — — —
Comprehensive income attributable to
TWC shareholders ...................... $ 1,663 $ 2,138 $ 3,649 $ (5,787) $ 1,663
120