Cash Flow Statement

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Time Warner Cable Inc., consolidated cash flow statement

US$ in millions

12 months ended:	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013	Dec 31, 2012	Dec 31, 2011
Net income	1,844)	2,031)	1,954)	2,159)	1,667)
Depreciation	3,560)	3,236)	3,155)	3,154)	2,994)
Amortization	136)	135)	126)	110)	33)
Pretax gain on settlement of Verizon Wireless agency agreement	(120)	—)	—)	—)	—)
Asset impairments	—)	—)	—)	—)	60)
(Income) loss from equity-method investments, net of cash distributions	—)	(13)	—)	(426)	109)
Pretax gain on sale of investment in Clearwire Corporation	—)	—)	—)	(64)	—)
Deferred income taxes	593)	756)	363)	562)	638)
Equity-based compensation expense	161)	182)	128)	130)	112)
Excess tax benefit from equity-based compensation	(92)	(141)	(93)	(81)	(48)
Adjustments for noncash and nonoperating items	4,238)	4,155)	3,679)	3,385)	3,898)
Receivables	53)	11)	(23)	(63)	(25)
Accounts payable and other liabilities	360)	82)	157)	(26)	202)
Other changes	44)	71)	(14)	70)	(54)
Changes in operating assets and liabilities, net of acquisitions and dispositions	457)	164)	120)	(19)	123)
Cash provided by operating activities	6,539)	6,350)	5,753)	5,525)	5,688)
Capital expenditures	(4,446)	(4,097)	(3,198)	(3,095)	(2,937)
Business acquisitions, net of cash acquired	—)	—)	(423)	(1,340)	(561)
Purchases of investments	(4)	(2)	(588)	(207)	(24)
Return of capital from investees	—)	—)	9)	1,200)	3)
Proceeds from sale, maturity and collection of investments	3)	19)	726)	104)	5)
Acquisition of intangible assets	(51)	(39)	(40)	(37)	(47)
Other investing activities	153)	27)	38)	30)	31)
Cash used by investing activities	(4,345)	(4,092)	(3,476)	(3,345)	(3,530)
Short-term borrowings (repayments), net	(507)	507)	—)	—)	—)
Proceeds from issuance of long-term debt	—)	—)	—)	2,258)	3,227)
Repayments of long-term debt	(500)	(1,750)	(1,500)	(2,100)	—)
Repayments of long-term debt assumed in acquisitions	—)	—)	(138)	(1,730)	(44)
Debt issuance costs	—)	—)	—)	(26)	(25)
Redemption of mandatorily redeemable preferred equity	—)	—)	(300)	—)	—)
Dividends paid	(865)	(857)	(758)	(700)	(642)
Repurchases of common stock	—)	(259)	(2,509)	(1,850)	(2,657)
Proceeds from exercise of stock options	129)	226)	138)	140)	114)
Excess tax benefit from equity-based compensation	92)	141)	93)	81)	48)
Taxes paid in cash in lieu of shares issued for equity-based compensation	(72)	(76)	(68)	(45)	(29)
Acquisition of noncontrolling interest	—)	—)	—)	(32)	—)
Other financing activities	(8)	(8)	(14)	(49)	(20)
Cash used by financing activities	(1,731)	(2,076)	(5,056)	(4,053)	(28)
Increase (decrease) in cash and equivalents	463)	182)	(2,779)	(1,873)	2,130)
Cash and equivalents at beginning of year	707)	525)	3,304)	5,177)	3,047)
Cash and equivalents at end of year	1,170)	707)	525)	3,304)	5,177)

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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Cash flow statement item	Description	The company
Cash provided by operating activities	Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.	Time Warner Cable Inc. cash provided by operating activities increased from 2013 to 2014 and from 2014 to 2015.
Cash used by investing activities	Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.	Time Warner Cable Inc. cash used by investing activities decreased from 2013 to 2014 and from 2014 to 2015.
Cash used by financing activities	Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.	Time Warner Cable Inc. cash used by financing activities increased from 2013 to 2014 and from 2014 to 2015.

Time Warner Cable Inc. (NYSE:TWC)

Cash Flow Statement