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 Statement of Operations

For The Three Months Ended June 30, 2017

(Unaudited; millions)

 

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

Revenues

   $     $ 1,876     $ 5,706     $ (252   $ 7,330  

Costs of revenues

           (762     (3,657     214       (4,205

Selling, general and administrative

     (129     (344     (989     35       (1,427

Amortization of intangible assets

                 (46           (46

Restructuring and severance costs

           (5     (3           (8

Asset impairments

                 (1           (1

Gain on operating assets, net

           49                   49  
  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating income

     (129     814       1,010       (3     1,692  

Equity in pretax income (loss) of consolidated subsidiaries

     1,842       990       502       (3,334      

Interest expense, net

     (208     (69     26       2       (249

Other income (loss), net

     9       5       59       (2     71  
  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations before income taxes

     1,514       1,740       1,597       (3,337     1,514  

Income tax provision

     (452     (558     (483     1,041       (452
  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

     1,062       1,182       1,114       (2,296     1,062  

Less Net loss attributable to noncontrolling interests

                              
  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to Time Warner Inc. shareholders

   $ 1,062     $ 1,182     $ 1,114     $ (2,296   $ 1,062  
  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Comprehensive income

     1,082       1,221       1,192       (2,413     1,082  

Less Comprehensive loss attributable to noncontrolling interests

                              
  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Comprehensive income attributable to Time Warner Inc. shareholders

   $             1,082     $ 1,221     $ 1,192     $ (2,413   $ 1,082  
  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

49