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 STATEMENT OF EQUITY

Nine Months Ended September 30,

(Unaudited; millions)

 

    2017     2016  
    Time Warner
Shareholders
    Noncontrolling
Interests
    Total Equity     Time Warner
Shareholders
    Noncontrolling
Interests
    Total Equity  

BALANCE AT BEGINNING OF PERIOD

  $ 24,335      $     $ 24,337      $ 23,619      $ —      $ 23,619   

Net income (loss) (a)

    3,858        (1)       3,857        3,633              3,634   

Other comprehensive income (loss)

    121        —        121        (168)       —        (168)  

Dividends (b)

    (1,265)       —        (1,265)       (954)       —        (954)  

Common stock repurchases

    —        —        —        (2,138)       —        (2,138)  

Other, primarily related to stock options and
restricted stock units

    218        —        218        286        —        286   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

BALANCE AT END OF PERIOD

  $           27,267      $             1      $           27,268      $           24,278      $             1      $           24,279   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

(a)

Net income excludes losses of $1 million and $2 million for the nine months ended September 30, 2017 and September 30, 2016, respectively, relating to redeemable noncontrolling interests.

(b)

Consistent with the Agreement and Plan of Merger with AT&T Inc. dated as of October 22, 2016, Time Warner has aligned the timing of its quarterly dividend with the timing of AT&T Inc.’s dividend, and, on September 29, 2017, Time Warner declared its fourth quarter dividend of $0.4025 per share of common stock, payable in cash on November 1, 2017 to shareholders of record at the close of business on October 10, 2017.

See accompanying notes.

 

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