SEC Filings

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


Table of Contents

TIME WARNER INC.

SUPPLEMENTARY INFORMATION

CONDENSED CONSOLIDATING FINANCIAL STATEMENTS – (Continued)

 

Consolidating Balance Sheet

December 31, 2016

(Unaudited; millions)

 

                                                                                                                                           
    Parent
Company
  Guarantor
Subsidiaries
  Non-
Guarantor
Subsidiaries
  Eliminations   Time
Warner
Consolidated

ASSETS

         

Current assets

         

Cash and equivalents

  $ 617     $ 91     $ 831     $     $ 1,539  

Receivables, net

    118       1,294       7,329       (42     8,699  

Inventories

          528       1,564       (30     2,062  

Prepaid expenses and other current assets

    639       91       455             1,185  
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total current assets

    1,374       2,004       10,179       (72     13,485  

Noncurrent inventories and theatrical film and television production costs

          1,929       6,028       (41     7,916  

Investments in amounts due to and from consolidated subsidiaries

    48,212       11,319       13,155       (72,686      

Investments, including available-for-sale securities

    274       441       2,628       (6     3,337  

Property, plant and equipment, net

    48       423       2,039             2,510  

Intangible assets subject to amortization, net

                783             783  

Intangible assets not subject to amortization

          2,007       4,998             7,005  

Goodwill

          9,880       17,872             27,752  

Other assets

    520       385       2,522       (249     3,178  
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total assets

  $ 50,428     $ 28,388     $ 60,204     $ (73,054   $ 65,966  
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

LIABILITIES AND EQUITY

         

Current liabilities

         

Accounts payable and accrued liabilities

  $ 687     $ 854     $ 5,760     $ (109   $ 7,192  

Deferred revenue

          67       511       (14     564  

Debt due within one year

    1,434       511       2             1,947  
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total current liabilities

    2,121       1,432       6,273       (123     9,703  

Long-term debt

    19,318       3,065       9             22,392  

Deferred income taxes

    2,678       3,011       2,133       (5,144     2,678  

Deferred revenue

          26       460             486  

Other noncurrent liabilities

    1,976       1,886       3,815       (1,336     6,341  

Redeemable noncontrolling interest

                29             29  

Equity

         

Due to (from) Time Warner Inc. and subsidiaries

          (52,869     (366     53,235        

Other shareholders’ equity

    24,335       71,837       47,849       (119,686     24,335  
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Time Warner Inc. shareholders’ equity

    24,335       18,968       47,483       (66,451     24,335  

Noncontrolling interest

                2             2  
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total equity

    24,335       18,968       47,485       (66,451     24,337  
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total liabilities and equity

  $         50,428      $         28,388     $         60,204     $         (73,054   $         65,966   
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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