Balance Sheet: Liabilities and Stockholders’ Equity

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Time Warner Cable Inc., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013	Dec 31, 2012	Dec 31, 2011
Accounts payable	656)	567)	565)	653)	545)
Deferred revenue and subscriber-related liabilities	224)	198)	188)	183)	169)
Accrued programming and content expense	985)	902)	869)	872)	807)
Current maturities of long-term debt	5)	1,017)	1,767)	1,518)	2,122)
Mandatorily redeemable preferred equity issued by a subsidiary	—)	—)	—)	300)	—)
Accrued interest	481)	486)	529)	586)	585)
Accrued compensation and benefits	443)	397)	394)	384)	360)
Accrued insurance	225)	199)	185)	169)	158)
Accrued dividends	216)	—)	—)	—)	—)
Accrued sales and other taxes	150)	132)	132)	99)	84)
Accrued franchise fees	145)	151)	155)	168)	164)
Other accrued expenses	419)	448)	442)	393)	376)
Other current liabilities	2,079)	1,813)	1,837)	1,799)	1,727)
Current liabilities	3,949)	4,497)	5,226)	5,325)	5,370)
Long-term debt, excluding current maturities	22,497)	22,701)	23,285)	25,171)	24,320)
Mandatorily redeemable preferred equity issued by a subsidiary	—)	—)	—)	—)	300)
Deferred income tax liabilities, net	12,830)	12,560)	12,098)	11,280)	10,198)
Other liabilities	1,002)	726)	717)	750)	551)
Noncurrent liabilities	36,329)	35,987)	36,100)	37,201)	35,369)
Total liabilities	40,278)	40,484)	41,326)	42,526)	40,739)
Common stock, $0.01 par value	3)	3)	3)	3)	3)
Additional paid-in capital	7,481)	7,172)	6,951)	7,576)	8,018)
Retained earnings (accumulated deficit)	1,925)	1,162)	(55)	363)	68)
Accumulated other comprehensive income (loss), net	(414)	(324)	44)	(663)	(559)
Total TWC shareholders’ equity	8,995)	8,013)	6,943)	7,279)	7,530)
Noncontrolling interests	4)	4)	4)	4)	7)
Total equity	8,999)	8,017)	6,947)	7,283)	7,537)
Total liabilities and equity	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).

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Balance sheet item	Description	The company
Current liabilities	Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.	Time Warner Cable Inc. current liabilities decreased from 2013 to 2014 and from 2014 to 2015.
Noncurrent liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Time Warner Cable Inc. noncurrent liabilities decreased from 2013 to 2014 but then increased from 2014 to 2015 exceeding 2013 level.
Total liabilities	Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.	Time Warner Cable Inc. total liabilities decreased from 2013 to 2014 and from 2014 to 2015.
Total TWC shareholders’ equity	Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.	Time Warner Cable Inc. total TWC shareholders’ equity increased from 2013 to 2014 and from 2014 to 2015.

Time Warner Cable Inc. (NYSE:TWC)

Balance Sheet: Liabilities and Stockholders’ Equity