Time Warner Cable Inc. (NYSE:TWC)

The analysis of the financial data reveals several notable trends over the five-year period ending December 31, 2015. A clear shift in asset composition is evident, with current assets steadily declining as a percentage of total assets. Specifically, current assets decreased from 13.25% in 2011 to 4.99% in 2015, indicating a reduced proportion of liquid or short-term assets relative to the overall asset base.

Cash and equivalents show a marked decrease in their share of total assets, falling sharply from 10.72% in 2011 to just 2.37% in 2015. This decline suggests a considerable reduction in readily available cash resources during the period. Short-term investments in U.S. Treasury securities were only recorded for 2012 at 0.3%, with no values reported in other years, indicating limited or inconsistent use of these instruments as part of the short-term investment strategy.

Receivables, net of allowances, experienced a modest increase from 1.59% in 2011 to a peak of 1.98% in 2013, followed by a slight decline to 1.86% by 2015. This relatively stable pattern suggests consistent management of accounts receivable relative to total assets.

Prepaid income taxes and other prepaid expenses generally exhibited slight increases over the period. Prepaid income taxes rose from 0.03% to approximately 0.31%, while other prepaid expenses increased from 0.29% to 0.41%. These trends may indicate a growing proportion of expenses paid in advance or tax planning measures.

The minor variations in other current assets, recorded under two separate line items, show differentiated trends. One category remained fairly stable or decreased marginally—from 0.07% in 2011 to 0.03% in 2015—while the other increased from 0.39% to 0.76%, pointing to a potential reclassification or growth in certain current asset components.

Investments, including equity-method investments and other investments, maintained a small proportion of total assets throughout the period. Equity-method investments dropped significantly from 1.56% in 2011 to about 0.13%–0.14% in subsequent years, while other investments consistently remained around 0.01%, indicating limited emphasis on investments relative to total asset allocation.

The fixed asset base, primarily represented by property, plant and equipment, showed steady growth as a percentage of total assets, rising from 28.8% in 2011 to 34.39% in 2015. This increase points to ongoing capital investment or asset accumulation in operational infrastructure.

Intangible assets present a mixed trend. Intangible assets subject to amortization declined moderately from 0.47% to 0.89%, after peaking at 1.29% in 2012, suggesting amortization or asset write-offs. In contrast, intangible assets not subject to amortization remained the largest asset category, stable around 50% to 53% of total assets, reflecting a significant and sustained investment in non-amortizable intangible resources, possibly including licenses or trademarks.

Goodwill increased from 4.65% in 2011 to reach a peak of 6.62% in 2013, followed by a slight decline to approximately 6.37% in 2015, indicating past acquisitions with some adjustments but generally maintaining a sizable intangible asset base.

Other assets showed volatility, with a notable spike to 2.6% in 2013 before decreasing sharply to 0.44% in 2015. This inconsistency suggests possible one-off items or reclassifications during the examined timeframe.

Overall, noncurrent assets consistently dominated the asset structure, increasing from 86.75% in 2011 to a peak of 95.56% in 2013 and stabilizing around 95% thereafter. This highlights a strategic focus on long-term asset accumulation versus short-term asset holdings.

In summary, the data exhibits a trend of declining liquidity and current asset proportions, coupled with a stronger emphasis on long-term investments in property, plant and equipment and enduring intangible assets. The company appears to have strategically shifted resources toward long-lived assets, while maintaining a small and stable portfolio of investments and managing receivables effectively. The fluctuations in other assets and goodwill suggest occasional adjustments in asset valuation or composition.