Time Warner Inc (TWX) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
ONE TIME WARNER CENTER NEW YORK, NY 10019 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 4841 - Cable and Other Pay Television Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 3/31/2018 MRQ | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 2,621 | 1,539 | 2,155 | 2,618 | 1,862 | 2,841 | |||
| Cash and cash equivalents | 2,621 | 1,539 | 2,155 | 2,618 | 1,862 | 2,841 | |||
| Receivables | 9,401 | 8,699 | 7,411 | 7,720 | 7,868 | 7,385 | |||
| Inventory, net of allowances, customer advances and progress billings | 2,401 | 2,062 | 1,753 | 1,700 | 2,028 | 2,060 | |||
| Inventory | 2,401 | 2,062 | 1,753 | 1,700 | 2,028 | 2,060 | |||
| Prepaid expense and other current assets | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 528 | ||
| Other undisclosed current assets | 796 | 1,185 | 1,194 | 1,142 | 1,086 | 474 | |||
| Total current assets: | 15,219 | 13,485 | 12,513 | 13,180 | 12,844 | 13,288 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 2,707 | 2,510 | 2,596 | 2,655 | 3,825 | 3,942 | |||
| Long-term investments and receivables | 3,924 | 3,337 | 2,617 | 2,326 | 2,024 | 2,047 | |||
| Long-term investments | 3,924 | 3,337 | 2,617 | 2,326 | 2,024 | 2,047 | |||
| Intangible assets, net (including goodwill) | 35,367 | 35,540 | 35,667 | 35,738 | 40,112 | 40,196 | |||
| Goodwill | 27,776 | 27,752 | 27,689 | 27,565 | 30,563 | 30,446 | |||
| Intangible assets, net (excluding goodwill) | 7,591 | 7,788 | 7,978 | 8,173 | 9,549 | 9,750 | |||
| Deferred costs | 266 | 247 | 201 | 277 | |||||
| Other noncurrent assets | 3,717 | 3,178 | 2,855 | 2,519 | 2,490 | ✕ | |||
| Prepaid expense and other noncurrent assets | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 2,046 | ||
| Other undisclosed noncurrent assets | 8,009 | 7,669 | 7,399 | 6,564 | 6,699 | 6,785 | |||
| Total noncurrent assets: | 53,990 | 52,481 | 51,335 | 50,079 | 55,150 | 55,016 | |||
| TOTAL ASSETS: | 69,209 | 65,966 | 63,848 | 63,259 | 67,994 | 68,304 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 7,916 | 7,192 | 7,188 | 7,507 | 7,322 | 8,069 | |||
| Interest and dividends payable | 570 | 320 | 341 | 303 | |||||
| Taxes payable | 134 | 162 | 157 | 150 | 159 | 486 | |||
| Employee-related liabilities | 1,192 | 1,004 | 957 | 1,034 | 1,224 | 1,075 | |||
| Accounts payable | 777 | 527 | 653 | 574 | 693 | 771 | |||
| Accrued liabilities | 1,778 | 1,878 | 1,946 | 2,173 | |||||
| Other undisclosed accounts payable and accrued liabilities | 3,465 | 3,301 | 3,134 | 3,273 | 5,246 | 5,737 | |||
| Debt | 5,450 | 1,947 | 198 | 1,118 | 66 | 749 | |||
| Restructuring reserve | 392 | ✕ | ✕ | ||||||
| Program rights obligations | 722 | 706 | 777 | ||||||
| Deferred revenue and credits | 711 | 564 | 616 | 579 | 995 | 1,011 | |||
| Other undisclosed current liabilities | (1,114) | (706) | (777) | ||||||
| Total current liabilities: | 14,077 | 9,703 | 8,002 | 9,204 | 8,383 | 9,829 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 18,294 | 22,392 | 23,594 | 21,376 | 20,099 | 19,122 | |||
| Capital lease obligations | 33 | 47 | 41 | 42 | 56 | 51 | |||
| Other undisclosed long-term debt and lease obligation | 18,261 | 22,345 | 23,553 | 21,334 | 20,043 | 19,071 | |||
| Liabilities, other than long-term debt | 8,427 | 9,505 | 8,604 | 10,723 | 12,090 | 12,370 | |||
| Deferred revenue and credits | 468 | 486 | 352 | 315 | 482 | 523 | |||
| Pension and other postretirement defined benefit plans, liabilities | ✕ | ✕ | ✕ | ✕ | ✕ | 733 | 1,058 | ||
| Deferred compensation liability, classified | 491 | 573 | 580 | ||||||
| Deferred tax liabilities, net | 1,584 | 2,678 | 2,454 | 2,204 | 2,642 | 2,127 | |||
| Liability, pension and other postretirement and postemployment benefits | 928 | ✕ | ✕ | ||||||
| Restructuring reserve | 142 | 100 | 60 | ||||||
| Other liabilities | 6,375 | 6,341 | 5,798 | 5,684 | 6,484 | 6,825 | |||
| Program rights obligations | 959 | 1,076 | 1,197 | ||||||
| Other undisclosed noncurrent liabilities | 35 | 29 | 29 | (2,520) | (2,482) | (2,895) | |||
| Total noncurrent liabilities: | 26,756 | 31,926 | 32,227 | 29,579 | 29,707 | 28,597 | |||
| Total liabilities: | 40,833 | 41,629 | 40,229 | 38,783 | 38,090 | 38,426 | |||
| Equity | |||||||||
| Equity, attributable to parent | 28,375 | 24,335 | 23,619 | 24,476 | 29,904 | 29,877 | |||
| Common stock | 17 | 17 | 17 | 17 | 17 | 17 | |||
| Treasury stock, value | (47,074) | (47,497) | (45,612) | (42,445) | (37,630) | (35,077) | |||
| Additional paid in capital | 145,077 | 146,780 | 148,041 | 149,282 | 153,410 | 154,577 | |||
| Accumulated other comprehensive loss | (1,437) | (1,510) | (1,446) | (1,164) | (852) | (988) | |||
| Accumulated deficit | (68,208) | (73,455) | (77,381) | (81,214) | (85,041) | (88,652) | |||
| Equity, attributable to noncontrolling interest | 1 | 2 | 1 | ||||||
| Total equity: | 28,376 | 24,337 | 23,619 | 24,476 | 29,904 | 29,878 | |||
| TOTAL LIABILITIES AND EQUITY: | 69,209 | 65,966 | 63,848 | 63,259 | 67,994 | 68,304 | |||
Income Statement (P&L) ($ in millions)
| 3/31/2018 TTM | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 31,271 | 29,318 | 28,118 | 27,359 | 29,795 | 28,729 | ||
| Revenue, net | 17,676 | 16,383 | 15,347 | 15,042 | 18,089 | 17,416 | ||
| Cost of revenue | (17,647) | (16,376) | (16,154) | (15,875) | (16,230) | (15,934) | ||
| Gross profit: | 13,624 | 12,942 | 11,964 | 11,484 | 13,565 | 12,795 | ||
| Operating expenses | (5,771) | (5,473) | (5,098) | (5,509) | (7,037) | (6,938) | ||
| Other undisclosed operating income (loss) | 67 | 78 | (1) | 77 | 61 | |||
| Operating income: | 7,920 | 7,547 | 6,865 | 5,975 | 6,605 | 5,918 | ||
| Nonoperating income (expense) | (761) | (964) | (37) | 22 | (36) | (105) | ||
| Investment income, nonoperating | 209 | 227 | 219 | 149 | 76 | 18 | ||
| Other nonoperating expense | (970) | (1,191) | (256) | (127) | (112) | (123) | ||
| Interest and debt expense | (1,214) | (1,388) | (1,382) | (1,353) | (1,283) | (1,360) | ||
| Income from continuing operations before equity method investments, income taxes: | 5,945 | 5,195 | 5,446 | 4,644 | 5,286 | 4,453 | ||
| Loss from equity method investments | (153) | (152) | (46) | |||||
| Other undisclosed income from continuing operations before income taxes | 188 | 169 | 135 | |||||
| Income from continuing operations before income taxes: | 5,945 | 5,195 | 5,446 | 4,679 | 5,303 | 4,542 | ||
| Income tax expense | (701) | (1,281) | (1,651) | (785) | (1,749) | (1,526) | ||
| Income from continuing operations: | 5,244 | 3,914 | 3,795 | 3,894 | 3,554 | 3,016 | ||
| Income before gain (loss) on sale of properties: | 5,244 | 3,925 | 3,832 | 3,827 | 3,691 | 3,016 | ||
| Income (loss) from discontinued operations | 11 | 37 | (67) | 137 | ||||
| Net income: | 5,244 | 3,925 | 3,832 | 3,827 | 3,691 | 3,016 | ||
| Net income attributable to noncontrolling interest | 3 | 1 | 1 | 3 | ||||
| Net income available to common stockholders, diluted: | 5,247 | 3,926 | 3,833 | 3,827 | 3,691 | 3,019 | ||
Comprehensive Income ($ in millions)
| 3/31/2018 TTM | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 5,244 | 3,925 | 3,832 | 3,827 | 3,691 | 3,016 | ||
| Other comprehensive income (loss) | 73 | (64) | (282) | (416) | 137 | (136) | ||
| Comprehensive income: | 5,317 | 3,861 | 3,550 | 3,411 | 3,828 | 2,880 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 3 | 1 | 1 | (3) | ||||
| Other undisclosed comprehensive income, net of tax, attributable to parent | 6 | |||||||
| Comprehensive income, net of tax, attributable to parent: | 5,320 | 3,862 | 3,551 | 3,411 | 3,828 | 2,883 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.