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, 2016

(Unaudited; millions)

 

                                                                                                             
     Parent
Company
  Guarantor
Subsidiaries
  Non-
Guarantor

Subsidiaries
  Eliminations   Time
Warner
Consolidated

Revenues

   $     $ 3,888     $ 10,784     $ (412   $           14,260  

Costs of revenues

           (1,808     (6,348     311       (7,845

Selling, general and administrative

     (200     (611     (1,793     95       (2,509

Amortization of intangible assets

                 (95           (95

Restructuring and severance costs

           (40     (13           (53

Asset impairments

     (4           (1           (5

Gain on operating assets, net

                 89             89  
  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating income

     (204     1,429       2,623       (6     3,842  

Equity in pretax income (loss) of consolidated subsidiaries

     3,921       2,642       929       (7,492      

Interest expense, net

     (484     (151     56       3       (576

Other income (loss), net

     (138           (33           (171
  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations before income taxes

     3,095       3,920       3,575       (7,495     3,095  

Income tax provision

     (970     (1,172     (1,150     2,322       (970
  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations

     2,125       2,748       2,425       (5,173     2,125  

Discontinued operations, net of tax

     40       40       40       (80     40  
  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

     2,165       2,788       2,465       (5,253     2,165  

Less Net loss attributable to noncontrolling interests

     1       1       1       (2     1  
  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to Time Warner Inc. shareholders

   $ 2,166     $ 2,789     $ 2,466     $ (5,255   $ 2,166  
  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Comprehensive income

   $           2,164     $ 2,795     $ 2,453     $ (5,248   $ 2,164  

Less Comprehensive loss attributable to noncontrolling interests

     1       1       1       (2     1  
  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Comprehensive income attributable to Time Warner Inc. shareholders

   $ 2,165     $ 2,796     $ 2,454     $ (5,250   $ 2,165  
  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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