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

Nine 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

   $ 3,484     $ (5   $ 68     $ (83   $ (1   $ 3,463  

Home Box Office

     1,706                   (40           1,666  

Warner Bros.

     1,347       (6     1       (78     (15     1,249  

Corporate

     (259                 (75           (334

Intersegment eliminations

     (31                             (31
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Time Warner

   $ 6,247     $ (11   $ 69     $ (276   $ (16   $ 6,013  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Margin(b)

     27.6     (0.1 )%      0.3     (1.2 )%      (0.1 )%      26.5

Nine 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

   $ 3,575     $ (25   $ (15   $     $ (4   $ 3,531  

Home Box Office

     1,497                         (9     1,488  

Warner Bros.

     1,076       (6     92             (2     1,160  

Corporate

     (313     (4                 (13     (330

Intersegment eliminations

     7                               7  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Time Warner

   $ 5,842     $ (35   $ 77     $     $ (28   $ 5,856  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Margin(b)

     27.3     (0.2 )%      0.4         (0.2 )%      27.3

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.

 

14