Time Warner Cable 2014 Annual Report Download - page 129
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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, 2013
Parent
Company
Guarantor
Subsidiary
Non-
Guarantor
Subsidiaries Eliminations
TWC
Consolidated
Revenue ................................. $ — $ — $ 22,120 $ — $ 22,120
Costs and expenses:
Programming and content ................. — — 4,950 — 4,950
Sales and marketing ...................... — — 2,048 — 2,048
Technical operations ...................... — — 1,500 — 1,500
Customer care ........................... — — 766 — 766
Other operating .......................... — — 4,876 — 4,876
Depreciation ............................ — — 3,155 — 3,155
Amortization ............................ — — 126 — 126
Merger-related and restructuring costs ........ — 3 116 — 119
Total costs and expenses .................... — 3 17,537 — 17,540
Operating Income (Loss) .................... — (3) 4,583 — 4,580
Equity in pretax income of consolidated
subsidiaries ............................. 3,273 3,659 — (6,932) —
Interest expense, net ........................ (235) (501) (816) — (1,552)
Other income (expense), net .................. 1 (5) 15 — 11
Income before income taxes .................. 3,039 3,150 3,782 (6,932) 3,039
Income tax provision ....................... (1,085) (1,139) (973) 2,112 (1,085)
Net income ............................... 1,954 2,011 2,809 (4,820) 1,954
Less: Net income attributable to noncontrolling
interests ................................ — — — — —
Net income attributable to TWC shareholders .... $ 1,954 $ 2,011 $ 2,809 $ (4,820) $ 1,954
Condensed Consolidating Statement of Comprehensive Income for the Year Ended December 31, 2013
Parent
Company
Guarantor
Subsidiary
Non-
Guarantor
Subsidiaries Eliminations
TWC
Consolidated
Net income ............................... $ 1,954 $ 2,011 $ 2,809 $ (4,820) $ 1,954
Change in accumulated unrealized losses on
pension benefit obligation, net of tax ......... 604 — — — 604
Change in accumulated deferred gains (losses)
on cash flow hedges, net of tax ............. 104 — — — 104
Other changes ............................. (1) — (1) 1 (1)
Other comprehensive income (loss) ............ 707 — (1) 1 707
Comprehensive income ..................... 2,661 2,011 2,808 (4,819) 2,661
Less: Comprehensive income attributable to
noncontrolling interests ................... — — — — —
Comprehensive income attributable to
TWC shareholders ....................... $ 2,661 $ 2,011 $ 2,808 $ (4,819) $ 2,661
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