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

Balance Sheet: Assets
Quarterly Data

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

US$ in millions

	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	1,297)	1,170)	485)	480)	547)	707)	526)	403)	1,557)	525)	876)	2,623)	2,793)	3,304)	3,853)	3,226)	2,629)	5,177)	5,573)	3,510)	3,033)
Short-term investments in U.S. Treasury securities	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	250)	575)	475)	150)	—)	—)	—)	—)	—)	—)	—)
Receivables, less allowances	846)	916)	935)	1,029)	811)	949)	950)	906)	836)	954)	892)	858)	762)	883)	899)	791)	647)	767)	708)	704)	632)
Deferred income tax assets	—)	—)	219)	235)	232)	269)	319)	348)	326)	334)	309)	317)	322)	317)	372)	379)	398)	267)	201)	147)	176)
Other current assets	476)	373)	250)	330)	416)	391)	279)	331)	395)	331)	329)	237)	252)	223)	238)	190)	214)	187)	205)	170)	201)
Current assets	2,619)	2,459)	1,889)	2,074)	2,006)	2,316)	2,074)	1,988)	3,114)	2,144)	2,656)	4,610)	4,604)	4,877)	5,362)	4,586)	3,888)	6,398)	6,687)	4,531)	4,042)
Investments	68)	65)	68)	69)	67)	64)	69)	68)	64)	56)	83)	84)	77)	87)	88)	771)	770)	774)	781)	809)	836)
Property, plant and equipment, net	17,276)	16,945)	16,746)	16,604)	16,207)	15,990)	15,794)	15,604)	15,077)	15,056)	14,627)	14,690)	14,653)	14,742)	14,510)	14,526)	14,542)	13,905)	13,506)	13,583)	13,562)
Intangible assets subject to amortization, net	413)	437)	462)	486)	511)	523)	549)	576)	600)	552)	573)	597)	620)	641)	666)	680)	635)	228)	201)	188)	133)
Intangible assets not subject to amortization	26,014)	26,014)	26,014)	26,014)	26,012)	26,012)	26,012)	26,012)	26,012)	26,012)	26,012)	26,012)	26,011)	26,011)	26,011)	26,011)	26,197)	24,272)	24,100)	24,100)	24,091)
Goodwill	3,140)	3,139)	3,139)	3,138)	3,137)	3,137)	3,138)	3,137)	3,138)	3,196)	2,886)	2,885)	2,885)	2,889)	2,893)	2,879)	2,817)	2,247)	2,233)	2,233)	2,091)
Other assets	221)	218)	403)	501)	390)	459)	1,000)	1,071)	1,148)	1,257)	594)	350)	449)	562)	555)	484)	447)	452)	605)	460)	384)
Noncurrent asset	47,132)	46,818)	46,832)	46,812)	46,324)	46,185)	46,562)	46,468)	46,039)	46,129)	44,775)	44,618)	44,695)	44,932)	44,723)	45,351)	45,408)	41,878)	41,426)	41,373)	41,097)
Total assets	49,751)	49,277)	48,721)	48,886)	48,330)	48,501)	48,636)	48,456)	49,153)	48,273)	47,431)	49,228)	49,299)	49,809)	50,085)	49,937)	49,296)	48,276)	48,113)	45,904)	45,139)

Total assets remained relatively stable over the analyzed period, fluctuating between a low of 45,139 million USD in March 2011 and a high of 49,937 million USD in June 2012, ending at 49,751 million USD in March 2016. Despite this stability in total asset volume, a significant shift in asset composition is evident, characterized by a contraction in liquid current assets and a steady expansion of noncurrent assets.

Liquidity and Current Asset Trends: Current assets experienced substantial volatility, peaking at 6,687 million USD in September 2011 before entering a long-term decline to a low of 1,889 million USD by September 2015. This trend was primarily driven by cash and equivalents, which fell from a high of 5,573 million USD in September 2011 to 403 million USD in June 2014. While there was a modest recovery to 1,297 million USD by March 2016, the overall liquidity position remained significantly lower than in the 2011-2012 period. Receivables showed a general upward trajectory, increasing from 632 million USD in March 2011 to 846 million USD in March 2016, suggesting a growth in credit extended to customers.
Fixed Asset Expansion: Property, plant and equipment, net, exhibited a consistent and linear upward trend throughout the entire period. The value grew from 13,562 million USD in March 2011 to 17,276 million USD in March 2016. This steady increase indicates continuous capital investment in infrastructure and physical assets, contributing significantly to the growth of total noncurrent assets.
Intangible Assets and Goodwill: Intangible assets not subject to amortization represented the largest single component of the balance sheet, maintaining a stable value of approximately 26,014 million USD from early 2012 through March 2016. Conversely, intangible assets subject to amortization saw a gradual decline from a peak of 680 million USD in June 2012 down to 413 million USD by March 2016. Goodwill increased moderately over the period, rising from 2,091 million USD in March 2011 to 3,140 million USD in March 2016, reflecting historical acquisition premiums.

The overall financial structure reveals a strategic transition where liquid capital was reduced in favor of long-term infrastructure investment. By March 2016, noncurrent assets accounted for 94.7% of total assets, compared to 90.8% in March 2011, highlighting an increasing concentration of value in fixed and intangible assets.

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Time Warner Cable Inc. (NYSE:TWC)

Balance Sheet: AssetsQuarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data