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Time Warner Cable Inc. (NYSE:TWC)

This company has been moved to the archive! The financial data has not been updated since April 28, 2016.

Common-Size Balance Sheet: Assets
Quarterly Data

Time Warner Cable Inc., common-size consolidated balance sheet: assets (quarterly data)

Microsoft Excel
Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014 Dec 31, 2013 Sep 30, 2013 Jun 30, 2013 Mar 31, 2013 Dec 31, 2012 Sep 30, 2012 Jun 30, 2012 Mar 31, 2012 Dec 31, 2011 Sep 30, 2011 Jun 30, 2011 Mar 31, 2011
Cash and equivalents 2.61 2.37 1.00 0.98 1.13 1.46 1.08 0.83 3.17 1.09 1.85 5.33 5.67 6.63 7.69 6.46 5.33 10.72 11.58 7.65 6.72
Short-term investments in U.S. Treasury securities 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.53 1.17 0.96 0.30 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Receivables, less allowances 1.70 1.86 1.92 2.10 1.68 1.96 1.95 1.87 1.70 1.98 1.88 1.74 1.55 1.77 1.79 1.58 1.31 1.59 1.47 1.53 1.40
Deferred income tax assets 0.00 0.00 0.45 0.48 0.48 0.55 0.66 0.72 0.66 0.69 0.65 0.64 0.65 0.64 0.74 0.76 0.81 0.55 0.42 0.32 0.39
Other current assets 0.96 0.76 0.51 0.68 0.86 0.81 0.57 0.68 0.80 0.69 0.69 0.48 0.51 0.45 0.48 0.38 0.43 0.39 0.43 0.37 0.45
Current assets 5.26% 4.99% 3.88% 4.24% 4.15% 4.78% 4.26% 4.10% 6.34% 4.44% 5.60% 9.36% 9.34% 9.79% 10.71% 9.18% 7.89% 13.25% 13.90% 9.87% 8.95%
Investments 0.14 0.13 0.14 0.14 0.14 0.13 0.14 0.14 0.13 0.12 0.17 0.17 0.16 0.17 0.18 1.54 1.56 1.60 1.62 1.76 1.85
Property, plant and equipment, net 34.72 34.39 34.37 33.96 33.53 32.97 32.47 32.20 30.67 31.19 30.84 29.84 29.72 29.60 28.97 29.09 29.50 28.80 28.07 29.59 30.04
Intangible assets subject to amortization, net 0.83 0.89 0.95 0.99 1.06 1.08 1.13 1.19 1.22 1.14 1.21 1.21 1.26 1.29 1.33 1.36 1.29 0.47 0.42 0.41 0.29
Intangible assets not subject to amortization 52.29 52.79 53.39 53.21 53.82 53.63 53.48 53.68 52.92 53.89 54.84 52.84 52.76 52.22 51.93 52.09 53.14 50.28 50.09 52.50 53.37
Goodwill 6.31 6.37 6.44 6.42 6.49 6.47 6.45 6.47 6.38 6.62 6.08 5.86 5.85 5.80 5.78 5.77 5.71 4.65 4.64 4.86 4.63
Other assets 0.44 0.44 0.83 1.02 0.81 0.95 2.06 2.21 2.34 2.60 1.25 0.71 0.91 1.13 1.11 0.97 0.91 0.94 1.26 1.00 0.85
Noncurrent asset 94.74% 95.01% 96.12% 95.76% 95.85% 95.22% 95.74% 95.90% 93.66% 95.56% 94.40% 90.64% 90.66% 90.21% 89.29% 90.82% 92.11% 86.75% 86.10% 90.13% 91.05%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-K (reporting date: 2013-12-31), 10-Q (reporting date: 2013-09-30), 10-Q (reporting date: 2013-06-30), 10-Q (reporting date: 2013-03-31), 10-K (reporting date: 2012-12-31), 10-Q (reporting date: 2012-09-30), 10-Q (reporting date: 2012-06-30), 10-Q (reporting date: 2012-03-31), 10-K (reporting date: 2011-12-31), 10-Q (reporting date: 2011-09-30), 10-Q (reporting date: 2011-06-30), 10-Q (reporting date: 2011-03-31).

The asset composition reflects a significant shift in the balance sheet structure between March 2011 and March 2016, characterized by a substantial reduction in liquidity and an increased concentration of non-current assets. The balance sheet is heavily dominated by intangible assets and physical infrastructure, while current assets have diminished as a proportion of the total asset base.

Liquidity and Current Asset Trends
A marked downward trend in liquidity is observed. Cash and equivalents, which peaked at 11.58% of total assets in September 2011, experienced a steady decline, reaching a low of 0.83% by June 2014. While a slight recovery to 2.61% occurred by March 2016, the levels remained significantly lower than the 2011-2012 period. Consequently, total current assets dropped from a peak of 13.90% in September 2011 to a low of 3.88% in September 2015, indicating a reduced capacity for immediate liquidity.
Fixed Asset Investment
There is a consistent upward trajectory in the proportion of Property, Plant and Equipment (PP&E), net. Starting at 30.04% of total assets in March 2011, this figure rose steadily to 34.72% by March 2016. This expansion suggests a strategic focus on increasing physical infrastructure and long-term capital investment relative to other asset classes.
Intangible Assets and Goodwill
Intangible assets not subject to amortization represent the largest single component of the asset base, consistently remaining above 50% throughout the analyzed period. These assets fluctuated slightly, peaking at 54.84% in September 2013. Goodwill also exhibited growth, increasing from 4.63% in March 2011 to a plateau around 6.3% to 6.5% from 2013 onward, suggesting historical acquisitions that have maintained their value relative to the total asset base.
Overall Asset Distribution
The transition toward a non-current asset-heavy structure is evident in the aggregate data. Non-current assets grew from 91.05% of the total in March 2011 to 94.74% by March 2016. This shift confirms that the organization's capital is increasingly tied up in long-term infrastructure and intangible value rather than liquid instruments.

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