SEC Filings

8-K
TIME WARNER INC. filed this Form 8-K on 08/02/2017
Entire Document
 


TIME WARNER INC.

CONSOLIDATED BALANCE SHEET

(Unaudited; millions, except share amounts)

 

                                                             
     June 30, 2017     

December 31,

2016

 ASSETS

     

 Current assets

     

 Cash and equivalents

   $ 1,705       $              1,539 

 Receivables, less allowances of $761 and $981

     8,655       8,699 

 Inventories

     2,042       2,062 

 Prepaid expenses and other current assets

     1,002       1,185 
  

 

 

    

 

 Total current assets

     13,404       13,485 

 Noncurrent inventories and theatrical film and television production costs

     7,735       7,916 

 Investments, including available-for-sale securities

     3,642       3,337 

 Property, plant and equipment, net

     2,464       2,510 

 Intangible assets subject to amortization, net

     692       783 

 Intangible assets not subject to amortization

     7,005       7,005 

 Goodwill

     27,757       27,752 

 Other assets

     3,397       3,178 
  

 

 

    

 

 Total assets

   $ 66,096       $            65,966 
  

 

 

    

 

 LIABILITIES AND EQUITY

     

 Current liabilities

     

 Accounts payable and accrued liabilities

   $ 7,031       $              7,192 

 Deferred revenue

     653       564 

 Debt due within one year

     1,155       1,947 
  

 

 

    

 

 Total current liabilities

     8,839       9,703 

 Long-term debt

     21,843       22,392 

 Deferred income taxes

     2,596       2,678 

 Deferred revenue

     502       486 

 Other noncurrent liabilities

     6,297       6,341 

 Redeemable noncontrolling interest

     30       29 

 Equity

     

 Common stock, $0.01 par value, 1.652 billion and 1.652 billion shares issued and

    777 million and 772 million shares outstanding

     17       17 

 Additional paid-in capital

     145,670       146,780 

 Treasury stock, at cost (875 million and 880 million shares)

     (47,224)      (47,497)

 Accumulated other comprehensive loss, net

     (1,507)      (1,510)

 Accumulated deficit

     (70,969)      (73,455)
  

 

 

    

 

 Total Time Warner Inc. shareholders’ equity

     25,987       24,335 

 Noncontrolling interest

         
  

 

 

    

 

 Total equity

     25,989       24,337 
  

 

 

    

 

 Total liabilities and equity

   $ 66,096       $            65,966 
  

 

 

    

 

See accompanying notes.

 

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