SEC Filings

10-Q
TIME WARNER INC. filed this Form 10-Q on 08/02/2017
Entire Document
 


Table of Contents

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  

Commitments and Contingencies (Note 14)

    

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

     2       2  
  

 

 

 

 

 

 

 

Total equity

     25,989       24,337  
  

 

 

 

 

 

 

 

Total liabilities and equity

   $ 66,096     $ 65,966  
  

 

 

 

 

 

 

 

See accompanying notes.

 

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