Income Statement

The income statement presents information on the financial results of a company 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.

Time Warner Cable Inc., consolidated income statement

US$ in millions

12 months ended:	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013	Dec 31, 2012	Dec 31, 2011
Revenue	23,697)	22,812)	22,120)	21,386)	19,675)
Programming and content	(5,815)	(5,294)	(4,950)	(4,703)	(9,138)
Gross profit	17,882)	17,518)	17,170)	16,683)	10,537)
Sales and marketing	(2,379)	(2,192)	(2,048)	(1,816)	—)
Technical operations	(1,669)	(1,530)	(1,500)	(1,434)	—)
Customer care	(900)	(839)	(766)	(741)	—)
Other operating	(4,796)	(4,729)	(4,876)	(4,868)	(3,311)
Depreciation	(3,560)	(3,236)	(3,155)	(3,154)	(2,994)
Amortization	(136)	(135)	(126)	(110)	(33)
Merger-related and restructuring costs	(203)	(225)	(119)	(115)	(70)
Asset impairments	—)	—)	—)	—)	(60)
Operating income	4,239)	4,632)	4,580)	4,445)	4,069)
Interest expense	(1,402)	(1,419)	(1,555)	(1,614)	(1,524)
Interest income	1)	—)	3)	8)	6)
Interest expense, net	(1,401)	(1,419)	(1,552)	(1,606)	(1,518)
Income from equity-method investments, net	28)	33)	19)	454)	(88)
Gain on settlement of Verizon Wireless agency agreement	120)	—)	—)	—)	—)
Gain on sale of investment in Clearwire	—)	—)	—)	64)	—)
Other investment losses	—)	—)	—)	(12)	—)
Other	2)	2)	(8)	(9)	(1)
Other income, net	150)	35)	11)	497)	(89)
Income before income taxes	2,988)	3,248)	3,039)	3,336)	2,462)
Income tax provision	(1,144)	(1,217)	(1,085)	(1,177)	(795)
Net income	1,844)	2,031)	1,954)	2,159)	1,667)
Net income attributable to noncontrolling interests	—)	—)	—)	(4)	(2)
Net income attributable to TWC shareholders	1,844)	2,031)	1,954)	2,155)	1,665)

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).

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Income statement item	Description	The company
Revenue	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	Time Warner Cable Inc. revenue increased from 2013 to 2014 and from 2014 to 2015.
Operating income	The net result for the period of deducting operating expenses from operating revenues.	Time Warner Cable Inc. operating income increased from 2013 to 2014 but then decreased significantly from 2014 to 2015.
Income before income taxes	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	Time Warner Cable Inc. income before income taxes increased from 2013 to 2014 but then decreased significantly from 2014 to 2015.
Net income attributable to TWC shareholders	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Time Warner Cable Inc. net income attributable to TWC shareholders increased from 2013 to 2014 but then decreased significantly from 2014 to 2015.

Time Warner Cable Inc. (NYSE:TWC)

Income Statement