SEC Filings

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


TIME WARNER INC.

RECONCILIATIONS OF NON-GAAP FINANCIAL MEASURES

(Unaudited; dollars in millions)

Reconciliations of

Adjusted Operating Income (Loss) to Operating Income (Loss) and

Adjusted Operating Income Margin to Operating Income Margin

Three Months Ended September 30, 2017(a)

 

     Adjusted
Operating
Income (Loss)
    Asset
Impairments
    Gain (Loss)
on
Operating
Assets, Net
    AT&T Merger
Costs
    Other     Operating
Income (Loss)
 

Turner

   $ 1,267     $ (5   $ 13     $ (32   $     $ 1,243  

Home Box Office

     565                   (13           552  

Warner Bros.

     576       (4           (29     (5     538  

Corporate

     (73                 (19           (92

Intersegment eliminations

     4                               4  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Time Warner

   $ 2,339     $ (9   $ 13     $ (93   $ (5   $ 2,245  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Margin(b)

     30.8     (0.1 )%      0.2     (1.2 )%      (0.1 )%      29.6

Three Months Ended September 30, 2016(a)

 

     Adjusted
Operating
Income (Loss)
    Asset
Impairments
    Gain (Loss) on
Operating
Assets, Net
    AT&T Merger
Costs
    Other     Operating
Income (Loss)
 

Turner

   $ 1,203     $ (25   $ (13   $     $ (3   $ 1,162  

Home Box Office

     530                               530  

Warner Bros.

     433       (5     1             (1     428  

Corporate

     (85                       (10     (95

Intersegment eliminations

     (11                             (11
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Time Warner

   $ 2,070     $ (30   $ (12   $     $ (14   $ 2,014  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Margin(b)

     28.9     (0.4 )%      (0.2 )%          (0.2 )%      28.1

Please see below for additional information on items affecting comparability.

 

 

(a) Descriptions of the adjustments presented in the table follow the reconciliations of Adjusted EPS to Diluted Income per Common Share from Continuing Operations.
(b) Adjusted Operating Income margin is defined as Adjusted Operating Income divided by Revenues. Operating Income margin is defined as Operating Income divided by Revenues.

 

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