|TIME WARNER INC. filed this Form 8-K on 10/26/2017|
(Adjusted EPS) was $1.82, compared to $1.83 for the prior year quarter. EPS and Adjusted EPS for last years third quarter included a net tax benefit of $0.28 related to an Internal Revenue Service (IRS)-approved tax accounting method change.
For the first nine months of 2017, Cash Provided by Operations from Continuing Operations reached $4.0 billion and Free Cash Flow totaled $3.6 billion, increasing 12% and 8%, respectively, compared to the first nine months of 2016.
The Company continues to expect its pending merger with AT&T to close before year end 2017.
Refer to Use of Non-GAAP Financial Measures in this release for a discussion of the non-GAAP financial measures used in this release and the reconciliations of the non-GAAP financial measures to the most directly comparable GAAP financial measures.