SEC Filings

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


TIME WARNER INC.

RECONCILIATIONS OF NON-GAAP FINANCIAL MEASURES

(Unaudited; millions)

Reconciliation of Free Cash Flow to Cash Provided by Operations from Continuing Operations

 

                                                                                                               
     Three Months Ended June 30,      Six Months Ended June 30,
     2017      2016      2017     

2016

 Cash provided by operations from continuing operations

   $ 995       $ 1,216       $ 2,461       $           1,973 

 Add external costs related to mergers, acquisitions,
 investments or dispositions and contingent consideration
 payments

                   13       10 

 Add excess tax benefits from equity instruments

     —         13         —       40 

 Less capital expenditures

     (104)        (87)        (202)      (162)

 Less principal payments on capital leases

     (8)        (4)        (11)      (7)
  

 

 

    

 

 

    

 

 

    

 

 Free Cash Flow

   $ 891       $ 1,140       $ 2,261       $           1,854 
  

 

 

    

 

 

    

 

 

    

 

 

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