SEC Filings

S-4/A
TIME WARNER INC. filed this Form S-4/A on 03/24/2000
Entire Document
 
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                           AOL TIME WARNER INC.     
            
         NOTES TO THE PRO FORMA CONSOLIDATED CONDENSED STATEMENTS     
                           
                        OF OPERATIONS--(Continued)     
                                   
                                (unaudited)     
   
(h)  Reflects the historical operating results of Time Warner for the year
     ended June 30, 1999, as adjusted to reflect Time Warner's consolidation
     for all periods prior to 1999. In order to conform Time Warner's fiscal
     year-end from a calendar year basis to America Online's June 30 year-end,
     Time Warner's historical operating results have been derived from the
     combination of Time Warner's quarterly historical operating results for
     the year ended June 30, 1999. In addition, Time Warner's historical
     operating results for this period have been adjusted to reflect Time
     Warner's consolidation of the entertainment group for the six-month period
     ended December 31, 1998. During this period, Time Warner accounted for the
     entertainment group under the equity method of accounting. Operating
     results for the year ended June 30, 1999 have been derived from the
     compilation of:     
     
  .  the results for the six months ended June 30, 1999 included in Time
     Warner's Current Report on Form 8-K dated August 3, 1999;,     
     
  .  the three month pro forma results for the quarter ended September 30,
     1998 included in Time Warner's Quarterly Report on Form 10-Q for the
     quarter ended September 30, 1999; and     
     
  .  the three month pro forma results for the quarter ended December 31,
     1998 included in Time Warner's Current Report on Form 8-K dated February
     2, 2000.     
   
These reports are incorporated in this joint proxy statement-prospectus by
reference. A complete description of Time Warner's consolidation of the
entertainment group and the nature of the pro forma adjustments are included in
Time Warner's Current Report on Form 8-K dated August 3, 1999.     
       
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