SEC Filings

10-Q
TIME WARNER INC. filed this Form 10-Q on 10/26/2017
Entire Document
 


Table of Contents

TIME WARNER INC.

CONSOLIDATED BALANCE SHEET

(Unaudited; millions, except share amounts)

 

     September 30,
2017
     December 31,
2016
 

ASSETS

     

Current assets

     

Cash and equivalents

   $ 2,621       $ 1,539   

Receivables, less allowances of $712 and $981

     8,997         8,699   

Inventories

     2,198         2,062   

Prepaid expenses and other current assets

     792         1,185   
  

 

 

    

 

 

 

Total current assets

     14,608         13,485   

Noncurrent inventories and theatrical film and television production costs

     8,367         7,916   

Investments, including available-for-sale securities

     3,732         3,337   

Property, plant and equipment, net

     2,555         2,510   

Intangible assets subject to amortization, net

     647         783   

Intangible assets not subject to amortization

     7,006         7,005   

Goodwill

     27,784         27,752   

Other assets

     3,644         3,178   
  

 

 

    

 

 

 

Total assets

   $               68,343       $               65,966   
  

 

 

    

 

 

 

LIABILITIES AND EQUITY

     

Current liabilities

     

Accounts payable and accrued liabilities

   $ 7,969       $ 7,192   

Deferred revenue

     725         564   

Debt due within one year

     1,157         1,947   
  

 

 

    

 

 

 

Total current liabilities

     9,851         9,703   

Long-term debt

     21,898         22,392   

Deferred income taxes

     2,490         2,678   

Deferred revenue

     480         486   

Other noncurrent liabilities

     6,320         6,341   

Redeemable noncontrolling interest

     36         29   

Commitments and Contingencies (Note 14)

     

Equity

     

Common stock, $0.01 par value, 1.652 billion and 1.652 billion shares issued and
779 million and 772 million shares outstanding

     17         17   

Additional paid-in capital

     145,373         146,780   

Treasury stock, at cost (873 million and 880 million shares)

     (47,137)        (47,497)  

Accumulated other comprehensive loss, net

     (1,389)        (1,510)  

Accumulated deficit

     (69,597)        (73,455)  
  

 

 

    

 

 

 

Total Time Warner Inc. shareholders’ equity

     27,267         24,335   

Noncontrolling interest

             
  

 

 

    

 

 

 

Total equity

     27,268         24,337   
  

 

 

    

 

 

 

Total liabilities and equity

   $ 68,343       $ 65,966   
  

 

 

    

 

 

 

See accompanying notes.

 

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