Name: Time Warner Cable Inc. (NYSE:TWC) | Balance Sheet: Assets
Creator: Stock Analysis on Net

Balance Sheet: Assets

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Assets: Selected Items

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Current Assets: Selected Items

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Time Warner Cable Inc., consolidated balance sheet: assets

US$ in millions

	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013	Dec 31, 2012	Dec 31, 2011
Cash and equivalents	1,170)	707)	525)	3,304)	5,177)
Short-term investments in U.S. Treasury securities	—)	—)	—)	150)	—)
Receivables, less allowances	916)	949)	954)	883)	767)
Deferred income tax assets	—)	269)	334)	317)	267)
Prepaid income taxes	155)	157)	142)	23)	15)
Other prepaid expenses	201)	208)	155)	165)	139)
Other current assets	17)	26)	34)	35)	33)
Other current assets	373)	391)	331)	223)	187)
Current assets	2,459)	2,316)	2,144)	4,877)	6,398)
Equity-method investments	62)	60)	53)	64)	751)
Other investments	3)	4)	3)	23)	23)
Investments	65)	64)	56)	87)	774)
Property, plant and equipment, net	16,945)	15,990)	15,056)	14,742)	13,905)
Intangible assets subject to amortization, net	437)	523)	552)	641)	228)
Intangible assets not subject to amortization	26,014)	26,012)	26,012)	26,011)	24,272)
Goodwill	3,139)	3,137)	3,196)	2,889)	2,247)
Other assets	218)	459)	1,257)	562)	452)
Noncurrent asset	46,818)	46,185)	46,129)	44,932)	41,878)
Total assets	49,277)	48,501)	48,273)	49,809)	48,276)

Based on: 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31).

The asset structure from 2011 to 2015 is characterized by a significant contraction in liquidity offset by a steady increase in long-term physical infrastructure and a dominant position of intangible assets.

Liquidity and Current Asset Dynamics: A marked downward trend in current assets is observed, falling from 6,398 million US$ in 2011 to 2,459 million US$ by 2015. This decline is primarily attributed to the volatility of cash and equivalents, which dropped precipitously from 5,177 million US$ in 2011 to a minimum of 525 million US$ in 2013, before recovering to 1,170 million US$ by the end of the period. Receivables remained relatively stable, fluctuating slightly between 767 million US$ and 954 million US$, indicating consistent credit management.
Capital Expenditure and Fixed Assets: Property, plant, and equipment, net, demonstrated consistent annual growth, increasing from 13,905 million US$ in 2011 to 16,945 million US$ in 2015. This steady upward trajectory suggests a sustained strategy of investment in physical infrastructure and network upgrades throughout the five-year window.
Intangible Assets and Goodwill: The balance sheet is heavily dominated by intangible assets not subject to amortization, which represented the largest single asset category and remained relatively static, ending 2015 at 26,014 million US$. Goodwill experienced an initial increase from 2,247 million US$ in 2011 to a peak of 3,196 million US$ in 2013, followed by a period of stability around 3,139 million US$.
Overall Asset Composition and Stability: Total assets remained relatively constant, fluctuating within a narrow range between 48,273 million US$ and 49,809 million US$. However, there was a distinct shift in the asset mix; noncurrent assets grew from 41,878 million US$ in 2011 to 46,818 million US$ in 2015, indicating that the company's value became increasingly concentrated in long-term investments and intangibles rather than liquid assets.

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