Time Warner Cable 2014 Annual Report Download - page 79
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TIME WARNER CABLE INC.
CONSOLIDATED STATEMENT OF EQUITY
Common
Stock
Additional
Paid-in
Capital
Retained
Earnings
(Accumulated
Deficit)
Accumulated
Other
Comprehensive
Income
(Loss), Net
Non-
controlling
Interests
Total
Equity
(in millions)
Balance as of December 31, 2011 ..... $ 3 $ 8,018 $ 68 $ (559) $ 7 $ 7,537
Net income ....................... — — 2,155 — 4 2,159
Other comprehensive loss ........... — — — (104) — (104)
Cash dividends declared ($2.24 per
common share) .................. — (143) (557) — — (700)
Repurchase and retirement of common
stock .......................... — (562) (1,303) — — (1,865)
Equity-based compensation expense . . . — 130 — — — 130
Excess tax benefit realized from equity-
based compensation .............. — 62 — — — 62
Shares issued upon exercise of stock
options ........................ — 140 — — — 140
Taxes paid in lieu of shares issued for
equity-based compensation ........ — (45) — — — (45)
Acquisition of noncontrolling interest . . — (27) — — (5) (32)
Other changes ..................... — 3 — — (2) 1
Balance as of December 31, 2012 ..... 3 7,576 363 (663) 4 7,283
Net income ....................... — — 1,954 — — 1,954
Other comprehensive income ......... — — — 707 — 707
Cash dividends declared ($2.60 per
common share) .................. — (305) (453) — — (758)
Repurchase and retirement of common
stock .......................... — (608) (1,918) — — (2,526)
Equity-based compensation expense . . . — 128 — — — 128
Excess tax benefit realized from equity-
based compensation .............. — 92 — — — 92
Shares issued upon exercise of stock
options ........................ — 138 — — — 138
Taxes paid in lieu of shares issued for
equity-based compensation ........ — (68) — — — (68)
Other changes ..................... — (2) (1) — — (3)
Balance as of December 31, 2013 ..... 3 6,951 (55) 44 4 6,947
Net income ....................... — — 2,031 — — 2,031
Other comprehensive loss ........... — — — (368) — (368)
Cash dividends declared ($3.00 per
common share) .................. — (213) (644) — — (857)
Repurchase and retirement of common
stock .......................... — (39) (169) — — (208)
Equity-based compensation expense . . . — 182 — — — 182
Excess tax benefit realized from equity-
based compensation .............. — 141 — — — 141
Shares issued upon exercise of stock
options ........................ — 226 — — — 226
Taxes paid in lieu of shares issued for
equity-based compensation ........ — (76) — — — (76)
Other changes ..................... — — (1) — — (1)
Balance as of December 31, 2014 ..... $ 3 $ 7,172 $ 1,162 $ (324) $ 4 $ 8,017
See accompanying notes.
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