Time Warner Cable 2014 Annual Report Download - page 49

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TIME WARNER CABLE INC.
MANAGEMENT’S DISCUSSION AND ANALYSIS OF RESULTS
OF OPERATIONS AND FINANCIAL CONDITION—(Continued)
Shared Functions
Operating costs and expenses. Shared functions operating costs and expenses consist of costs associated with broad
“corporate” functions (e.g., accounting and finance, information technology, executive management, legal and human
resources) or functions supporting more than one reportable segment that are centrally managed (e.g., facilities, network
operations, vehicles and procurement) as well as other activities not attributable to a reportable segment.
Merger-related and restructuring costs. All merger-related and restructuring costs incurred by the Company are
recorded as shared functions.
Use of Operating Income before Depreciation and Amortization
In discussing its segment performance, the Company may use certain measures that are not calculated and presented
in accordance with U.S. generally accepted accounting principles (“GAAP”). These measures include Operating Income
before Depreciation and Amortization (“OIBDA”), which the Company defines as Operating Income before depreciation
of tangible assets and amortization of intangible assets. For additional information regarding the use of segment OIBDA,
see Note 17 to the accompanying consolidated financial statements.
Recent Accounting Standards
See Note 2 to the accompanying consolidated financial statements for recently issued accounting standards yet to be
adopted.
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