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 STATEMENT OF EQUITY

Six Months Ended June 30,

(Unaudited; millions)

 

     2017   2016
     Time Warner
Shareholders
  Noncontrolling
Interests
   Total Equity   Time Warner
Shareholders
  Noncontrolling
Interests
   Total Equity

BALANCE AT BEGINNING OF PERIOD

   $ 24,335     $      $ 24,337     $ 23,619     $ —       $ 23,619  

Net income (a)

     2,486       —         2,486       2,166              2,167  

Other comprehensive income (loss)

     3       —         3       (1     —         (1

Dividends (b)

     (948     —         (948     (640     —         (640

Common stock repurchases

           —               (1,425     —         (1,425

Other, primarily related to stock options and
restricted stock units

     111       —         111       169       —         169  
  

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

BALANCE AT END OF PERIOD

   $             25,987     $                      2       $             25,989     $             23,888     $                      1       $             23,889  
  

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

(a)

Net income excludes losses of $1 million and $2 million for the six months ended June 30, 2017 and June 30, 2016, respectively, relating to redeemable noncontrolling interests.

(b)

Consistent with the Agreement and Plan of Merger with AT&T Inc. dated as of October 22, 2016, Time Warner has aligned the timing of its quarterly dividend with the timing of AT&T Inc.’s dividend, and, on June 30, 2017, Time Warner declared its third quarter dividend of $0.4025 per share of common stock, payable in cash on August 1, 2017 to shareholders of record at the close of business on July 10, 2017.

See accompanying notes.

 

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