Time Warner Inc (TWX) financial statements (2021 and earlier)

Company profile

Business Address ONE TIME WARNER CENTER
NEW YORK, NY 10019
State of Incorp. DE
Fiscal Year End December 31
SIC 4841 - Cable and Other Pay Television Services (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

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 investments2,6211,5392,1552,6181,8622,841
Cash and cash equivalents2,6211,5392,1552,6181,8622,841
Receivables9,4018,6997,4117,7207,8687,385
Inventory, net of allowances, customer advances and progress billings2,4012,0621,7531,7002,0282,060
Inventory2,4012,0621,7531,7002,0282,060
Prepaid expense and other current assets528
Other undisclosed current assets7961,1851,1941,1421,086474
Total current assets:15,21913,48512,51313,18012,84413,288
Noncurrent Assets
Property, plant and equipment2,7072,5102,5962,6553,8253,942
Long-term investments and receivables3,9243,3372,6172,3262,0242,047
Long-term investments3,9243,3372,6172,3262,0242,047
Intangible assets, net (including goodwill)35,36735,54035,66735,73840,11240,196
Goodwill27,77627,75227,68927,56530,56330,446
Intangible assets, net (excluding goodwill)7,5917,7887,9788,1739,5499,750
Deferred costs266247201277  
Other noncurrent assets3,7173,1782,8552,5192,490
Prepaid expense and other noncurrent assets2,046
Other undisclosed noncurrent assets8,0097,6697,3996,5646,6996,785
Total noncurrent assets:53,99052,48151,33550,07955,15055,016
TOTAL ASSETS:69,20965,96663,84863,25967,99468,304
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:7,9167,1927,1887,5077,3228,069
Accounts payable777527653574693771
Accrued liabilities1,7781,8781,9462,173  
Employee-related liabilities1,1921,0049571,0341,2241,075
Taxes payable134162157150159486
Interest and dividends payable570320341303  
Other undisclosed accounts payable and accrued liabilities3,4653,3013,1343,2735,2465,737
Debt5,4501,9471981,11866749
Restructuring reserve   392
Program rights obligations   722706777
Deferred revenue and credits7115646165799951,011
Other undisclosed current liabilities   (1,114)(706)(777)
Total current liabilities:14,0779,7038,0029,2048,3839,829
Noncurrent Liabilities
Long-term debt and lease obligation, including:18,29422,39223,59421,37620,09919,122
Capital lease obligations334741425651
Other undisclosed long-term debt and lease obligation18,26122,34523,55321,33420,04319,071
Liabilities, other than long-term debt8,4279,5058,60410,72312,09012,370
Deferred revenue and credits468486352315482523
Pension and other postretirement defined benefit plans, liabilities7331,058
Deferred compensation liability, classified   491573580
Deferred tax liabilities, net1,5842,6782,4542,2042,6422,127
Liability, pension and other postretirement and postemployment benefits   928
Restructuring reserve   14210060
Other liabilities6,3756,3415,7985,6846,4846,825
Program rights obligations   9591,0761,197
Other undisclosed noncurrent liabilities352929(2,520)(2,482)(2,895)
Total noncurrent liabilities:26,75631,92632,22729,57929,70728,597
Total liabilities:40,83341,62940,22938,78338,09038,426
Stockholders' equity
Stockholders' equity attributable to parent28,37524,33523,61924,47629,90429,877
Common stock171717171717
Treasury stock, value(47,074)(47,497)(45,612)(42,445)(37,630)(35,077)
Additional paid in capital145,077146,780148,041149,282153,410154,577
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)
Stockholders' equity attributable to noncontrolling interest12   1
Total stockholders' equity:28,37624,33723,61924,47629,90429,878
TOTAL LIABILITIES AND EQUITY:69,20965,96663,84863,25967,99468,304

Income statement (P&L) ($ in millions)

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues31,27129,31828,11827,35929,79528,729
Revenue, net17,67616,38315,34715,04218,08917,416
Cost of revenue(17,647)(16,376)(16,154)(15,875)(16,230)(15,934)
Gross profit:13,62412,94211,96411,48413,56512,795
Operating expenses(5,771)(5,473)(5,098)(5,509)(7,037)(6,938)
Other undisclosed operating income (loss)6778(1) 7761
Operating income:7,9207,5476,8655,9756,6055,918
Nonoperating income (expense)(761)(964)(37)22(36)(105)
Investment income, nonoperating2092272191497618
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:5,9455,1955,4464,6445,2864,453
Loss from equity method investments   (153)(152)(46)
Other undisclosed income from continuing operations before income taxes   188169135
Income from continuing operations before income taxes:5,9455,1955,4464,6795,3034,542
Income tax expense(701)(1,281)(1,651)(785)(1,749)(1,526)
Income from continuing operations:5,2443,9143,7953,8943,5543,016
Income (loss) from discontinued operations 1137(67)137 
Net income:5,2443,9253,8323,8273,6913,016
Net income attributable to noncontrolling interest311  3
Net income available to common stockholders, diluted:5,2473,9263,8333,8273,6913,019

Comprehensive Income ($ in millions)

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income:5,2443,9253,8323,8273,6913,016
Other comprehensive income (loss)73(64)(282)(416)137(136)
Comprehensive income:5,3173,8613,5503,4113,8282,880
Comprehensive income (loss), net of tax, attributable to noncontrolling interest311  (3)
Other undisclosed comprehensive income, net of tax, attributable to parent     6
Comprehensive income, net of tax, attributable to parent:5,3203,8623,5513,4113,8282,883

Statements sources

The financial statements are based on the company's filings with the 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.

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