SEC Filings

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


Table of Contents

TIME WARNER INC.

SUPPLEMENTARY INFORMATION

CONDENSED CONSOLIDATING FINANCIAL STATEMENTS – (Continued)

 

Consolidating Statement of Operations

For The Three Months Ended September 30, 2016

(Unaudited; millions)

 

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

Revenues

   $ —      $ 1,767      $ 5,612      $ (212)     $ 7,167   

Costs of revenues

     —        (754)                       (3,303)       184                        (3,873)  

Selling, general and administrative

     (74)       (264)       (865)       24        (1,179)  

Amortization of intangible assets

     —        —        (48)       —        (48)  

Restructuring and severance costs

     (1)       (4)       (6)       —        (11)  

Asset impairments

     —        —        (30)       —        (30)  

Gain (loss) on operating assets, net

     —        —        (12)       —        (12)  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Operating income

     (75)       745        1,348        (4)       2,014   

Equity in pretax income (loss) of consolidated subsidiaries

     2,018        1,354        503        (3,875)       —   

Interest expense, net

     (241)       (76)       17              (298)  

Other income (loss), net

     (13)             (14)       (3)       (27)  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Income from continuing operations before income taxes

     1,689        2,026        1,854        (3,880)       1,689   

Income tax provision

     (217)       (349)       (259)       608        (217)  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Income from continuing operations

     1,472        1,677        1,595        (3,272)       1,472   

Discontinued operations, net of tax

     (5)       —        —        —        (5)  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net income attributable to Time Warner Inc. shareholders

   $                 1,467      $                 1,677      $ 1,595      $ (3,272)     $ 1,467   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Comprehensive income attributable to Time Warner Inc. shareholders

   $ 1,300      $ 1,520      $ 1,555      $                 (3,075)     $ 1,300   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

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