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Time Warner Inc. (TWX) | Income Statement

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The income statement presents information on the financial results of a company's business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

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Time Warner Inc., Consolidated Income Statement

USD $ in millions

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  12 months ended Dec 31, 2011 Dec 31, 2010 Dec 31, 2009 Dec 31, 2008 Dec 31, 2007
chart Subscription
chart Advertising
chart Content
chart Other
chart Revenues
chart Costs of revenues
chart Gross profit
chart Selling, general and administrative
chart Amortization of intangible assets
chart Amounts related to securities litigation and government investigations
chart Restructuring and severance costs
chart Asset impairments
chart Gain (loss) on operating assets
chart Operating income (loss)
chart Interest income
chart Interest expense
chart Interest expense, net
chart Investment gains (losses), net
chart Premiums paid and transaction costs incurred in connection with debt redemptions
chart Income (loss) on equity method investees
chart Other
chart Other income (loss), net
chart Income (loss) from continuing operations before income taxes
chart Income tax provision
chart Income (loss) from continuing operations
chart Discontinued operations, net of tax
chart Net income (loss)
chart Net (income) loss attributable to noncontrolling interests
chart Net income (loss) attributable to Time Warner Inc. shareholders
Source: Time Warner Inc., Annual Reports
Item Description The company
Revenues Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. Time Warner Inc.'s revenues increased from 2009 to 2010 and from 2010 to 2011.
Operating income (loss) The net result for the period of deducting operating expenses from operating revenues. Time Warner Inc.'s operating income (loss) increased from 2009 to 2010 and from 2010 to 2011.
Income (loss) from continuing operations before income taxes Sum of operating profit and nonoperating income (expense) before income (loss) from equity method investments, income taxes, extraordinary items, cumulative effects of changes in accounting principles, and noncontrolling interest. Time Warner Inc.'s income (loss) from continuing operations before income taxes increased from 2009 to 2010 and from 2010 to 2011.
Income (loss) from continuing operations This represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses and taxes from ongoing operations before extraordinary items, cumulative effects of changes in accounting principles, and noncontrolling interest. Time Warner Inc.'s income (loss) from continuing operations increased from 2009 to 2010 and from 2010 to 2011.
Net income (loss) The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Time Warner Inc.'s net income (loss) increased from 2009 to 2010 and from 2010 to 2011.
Net income (loss) attributable to Time Warner Inc. shareholders The portion of consolidated profit or loss for the period, net of income taxes, which is attributable to the parent. If the entity does not present consolidated financial statements, the amount of profit or loss for the period, net of income taxes. Time Warner Inc.'s net income (loss) attributable to Time Warner Inc. shareholders increased from 2009 to 2010 and from 2010 to 2011.

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