Name: Time Warner Cable Inc. (NYSE:TWC) | Statement of Comprehensive Income
Creator: Stock Analysis on Net

Statement of Comprehensive Income

Comprehensive income is the change in equity (net assets) of a business enterprise during a period from transactions and other events and circumstances from non-owners sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners.

Download chart

Time Warner Cable Inc., consolidated statement of comprehensive income

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)
Change in accumulated unrealized losses on pension benefit obligation, net of income tax	(39)	(369)	604)	(167)	(250)
Change in accumulated deferred gains (losses) on cash flow hedges, net of income tax	(50)	1)	104)	63)	(18)
Other changes	(1)	—)	(1)	—)	—)
Other comprehensive income (loss)	(90)	(368)	707)	(104)	(268)
Comprehensive income	1,754)	1,663)	2,661)	2,055)	1,399)
Comprehensive income attributable to noncontrolling interests	—)	—)	—)	(4)	(2)
Comprehensive income attributable to TWC shareholders	1,754)	1,663)	2,661)	2,051)	1,397)

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).

The financial performance between 2011 and 2015 is characterized by relatively stable net income contrasted with significant volatility in other comprehensive income. While operational profitability remained consistent, the total comprehensive income was subject to fluctuations driven primarily by adjustments to pension benefit obligations and cash flow hedges.

Net Income Trends: Net income grew from US$ 1,667 million in 2011 to a five-year peak of US$ 2,159 million in 2012. Following this peak, net income experienced moderate fluctuations, declining to US$ 1,954 million in 2013, recovering slightly to US$ 2,031 million in 2014, and ending the period at US$ 1,844 million in 2015.
Analysis of Other Comprehensive Income (OCI): OCI exhibited substantial variance, largely dictated by the change in accumulated unrealized losses on pension benefit obligations. A significant positive reversal occurred in 2013, with a gain of US$ 604 million contributing to a total OCI of US$ 707 million. Conversely, 2011, 2012, 2014, and 2015 reported losses in OCI, with the most pronounced deficit occurring in 2014 at US$ -368 million.
Comprehensive Income Performance: Total comprehensive income followed a volatile trajectory, reaching its maximum value of US$ 2,661 million in 2013. This peak was the result of combined strong net income and positive OCI adjustments. This figure represents a marked increase from the US$ 1,399 million reported in 2011. By 2015, comprehensive income settled at US$ 1,754 million, reflecting a normalization following the 2013 spike.
Shareholder Attribution: The proportion of comprehensive income attributable to shareholders remained nearly identical to the total comprehensive income throughout the period. Noncontrolling interests had a negligible impact in 2011 and 2012, and these interests were absent in the records from 2013 through 2015, meaning 100% of the comprehensive income was attributable to shareholders in the final three years of the analyzed period.

AI Ask an analyst for more

My previous chats

Add tokens

Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
Without a user account, I tend to respond rather slowly.

How can I help you?