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 Six Months Ended June 30, 2017

(Unaudited; millions)

 

                                                                                                             
     Parent
Company
  Guarantor
Subsidiaries
  Non-
Guarantor

Subsidiaries
  Eliminations   Time
Warner
Consolidated

Revenues

   $     $ 3,896     $           11,642     $ (473   $           15,065  

Costs of revenues

           (1,685     (7,258     405       (8,538

Selling, general and administrative

     (234     (655     (1,875     62       (2,702

Amortization of intangible assets

                 (91           (91

Restructuring and severance costs

           (7     (13           (20

Asset impairments

                 (2           (2

Gain on operating assets, net

           49       7             56  
  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating income

     (234     1,598       2,410       (6     3,768  

Equity in pretax income (loss) of consolidated subsidiaries

     4,045       2,443       1,059       (7,547      

Interest expense, net

     (416     (137     42       3       (508

Other income (loss), net

     12       5       131       (1     147  
  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations before income taxes

     3,407       3,909       3,642       (7,551     3,407  

Income tax provision

     (922     (1,171     (1,071     2,242       (922
  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

     2,485       2,738       2,571       (5,309     2,485  

Less Net loss attributable to noncontrolling interests

     1       1       1       (2     1  
  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to Time Warner Inc. shareholders

   $ 2,486     $ 2,739     $ 2,572     $ (5,311   $ 2,486  
  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Comprehensive income

   $ 2,488     $ 2,783     $ 2,638     $ (5,421   $ 2,488  

Less Comprehensive loss attributable to noncontrolling interests

     1       1       1       (2     1  
  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Comprehensive income attributable to Time Warner Inc. shareholders

   $           2,489     $           2,784     $ 2,639     $ (5,423   $ 2,489  
  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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