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, 2016

(Unaudited; millions)

 

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

Revenues

   $     $ 1,905     $ 5,222     $ (175   $ 6,952  

Costs of revenues

           (855     (3,109     124       (3,840

Selling, general and administrative

     (80     (299     (927     48       (1,258

Amortization of intangible assets

                 (47           (47

Restructuring and severance costs

           (36     (12           (48

Asset impairments

     (2                       (2

Gain on operating assets, net

                 89             89  
  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating income

     (82     715       1,216       (3     1,846  

Equity in pretax income (loss) of consolidated subsidiaries

     1,893       1,216       458       (3,567      

Interest expense, net

     (237     (75     19       1       (292

Other income (loss), net

     (151     3       16       1       (131
  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations before income taxes

     1,423       1,859       1,709       (3,568     1,423  

Income tax provision

     (472     (554     (578     1,132       (472
  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

   $ 951     $ 1,305     $ 1,131     $ (2,436   $ 951  

Less Net loss attributable to noncontrolling interests

     1       1       1       (2     1  
  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to Time Warner Inc. shareholders

   $ 952     $ 1,306     $ 1,132     $ (2,438   $ 952  
  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Comprehensive income

   $ 994     $ 1,342     $ 1,166     $ (2,508   $ 994  

Less Comprehensive loss attributable to noncontrolling interests

     1       1       1     $ (2     1  
  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Comprehensive income attributable to Time Warner Inc. shareholders

   $             995     $ 1,343     $ 1,167     $ (2,510   $ 995  
  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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