SEC Filings

8-K
TIME WARNER INC. filed this Form 8-K on 10/26/2017
Entire Document
 


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  

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

     1       2  
  

 

 

   

 

 

 

Total equity

     27,268       24,337  
  

 

 

   

 

 

 

Total liabilities and equity

   $ 68,343     $ 65,966  
  

 

 

   

 

 

 

See accompanying notes.

 

9