Stock Analysis on Net
Stock Analysis on Net

Time Warner Cable Inc. (NYSE:TWC)

$22.49

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

Income Statement
Quarterly Data

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.

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Time Warner Cable Inc., consolidated income statement (quarterly data)

US$ in millions

Microsoft Excel
3 months ended: 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
Revenue
Programming and content
Gross profit
Sales and marketing
Technical operations
Customer care
Other operating
Depreciation
Amortization
Merger-related and restructuring costs
Asset impairments
Operating income
Interest expense, net
Other income (expense), net
Income before income taxes
Income tax provision
Net income
Net income attributable to noncontrolling interests
Net income attributable to TWC shareholders

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).

Revenue Trends
Revenue demonstrated a consistent upward trajectory from March 31, 2011, through March 31, 2016. Beginning at approximately $4,827 million, it increased steadily each quarter, reaching about $6,191 million by the latest period. This growth indicates a stable expansion in the company's operational scale or market reach during the five-year span.
Programming and Content Costs
Programming and content expenses showed an increasing pattern overall, starting at roughly $2,272 million and rising to $1,551 million by March 31, 2016. There was an apparent discontinuity in data presentation after December 31, 2012, with values roughly halving, which likely reflects a change in accounting classification or segmentation rather than an actual cost reduction. Despite this, the general trend indicates escalating costs in programming and content over time, reflecting the company's investments in this area.
Gross Profit
Gross profit followed an increasing trend in line with revenue growth, moving from $2,555 million in early 2011 to $4,640 million by the first quarter of 2016. The significant rise in gross profit after 2012 corresponds to the aforementioned change in the reporting of programming expenses, implying improved gross margins in reported terms or a different cost classification structure.
Operating Expenses
From the available data starting in March 31, 2013, sales and marketing expenses exhibited a gradual increase, going from approximately $473 million to $613 million by the end of 2015, suggesting a growing investment in market expansion and customer acquisition. Technical operations costs remained relatively stable, fluctuating mildly around the $370 million to $430 million range. Customer care expenses showed a modest but consistent rise from $197 million to $238 million, indicating increased spending on customer support services. Other operating expenses were initially high and somewhat volatile, with figures mostly between $1,162 million and $1,246 million, trending slightly downward towards 2015.
Depreciation and Amortization
Depreciation costs showed a steady upward trend, rising from $744 million in early 2011 to $940 million by March 31, 2016, reflecting growing capital expenditures and asset base. Amortization expenses were relatively small and stable in comparison, fluctuating between $6 million and $35 million throughout the periods.
Non-Recurring and Special Charges
Merger-related and restructuring costs varied considerably over the periods with no clear trend, ranging from single-digit millions to peaks of $80 million. Asset impairments were recorded only once in December 2011 at $60 million, indicating a likely one-time write-down without recurring impact in subsequent quarters.
Operating Income
Operating income fluctuated moderately but generally remained around the $1,000 million to $1,200 million range across periods, without a consistent upward or downward trend. It reached higher levels in mid-2012 and again in late 2014 to early 2016, suggesting periods of relative operational efficiency or favorable market conditions.
Interest Expense and Other Income
Interest expense remained relatively steady over time, near the $350 million to $400 million bracket, indicating stable debt servicing costs. Other income (expense) showed some volatility, with a notable positive spike in September 2011 of $496 million and another peak in June 2015 of $127 million, possibly related to one-time gains or adjustments impacting net income.
Income Before Income Taxes and Tax Provision
Income before taxes displayed some variability with a significant spike in September 2011 at $1,188 million, likely influenced by one-time items. It generally ranged between $600 million and $880 million in other periods. The income tax provision exhibited fluctuations consistent with changes in pre-tax income, with notable decreases in tax expenses in December 2011 and September 2015, possibly reflecting tax planning or adjustments.
Net Income
Net income attributable to shareholders showed a generally positive trend, increasing from $325 million in March 2011 to $494 million in March 2016. While there was some volatility, including peaks of $564 million in December 2011 and $809 million in September 2012, the overall pattern indicates improved profitability over the five-year span. The net income attributable to noncontrolling interests was minimal and steady, insignificantly impacting total net profits.