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.

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.

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Time Warner Cable Inc., consolidated statement of comprehensive income

US$ in millions

Microsoft Excel
12 months ended: Dec 31, 2015 Dec 31, 2014 Dec 31, 2013 Dec 31, 2012 Dec 31, 2011
Net income
Change in accumulated unrealized losses on pension benefit obligation, net of income tax
Change in accumulated deferred gains (losses) on cash flow hedges, net of income tax
Other changes
Other comprehensive income (loss)
Comprehensive income
Comprehensive income attributable to noncontrolling interests
Comprehensive income attributable to TWC shareholders

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 data exhibits notable variations in both net income and comprehensive income over the five-year period ending in 2015. Net income demonstrates an overall upward trend from 2011 to 2012, followed by fluctuations until 2015.

Net Income
Net income increased significantly from 1,667 million US dollars in 2011 to 2,159 million in 2012. It then decreased to 1,954 million in 2013, slightly recovered to 2,031 million in 2014, and declined again to 1,844 million in 2015. This pattern suggests some volatility in profitability despite overall strong earnings above 1,800 million throughout the period.
Other Comprehensive Income Effects
The components of other comprehensive income show mixed movements. The change in accumulated unrealized losses on the pension benefit obligation, net of income tax, shifted notably from a negative impact in 2011 and 2012 (-250 and -167 million respectively) to a positive spike in 2013 (604 million), before reverting to negative contributions in 2014 (-369 million) and 2015 (-39 million). This indicates significant volatility in pension-related adjustments affecting comprehensive income.
The change in accumulated deferred gains (losses) on cash flow hedges exhibited smaller magnitudes and some inconsistency. The values oscillated from a slight loss in 2011 (-18 million) to gains in 2012 (63 million) and 2013 (104 million), nearly neutral change in 2014 (1 million), and a loss in 2015 (-50 million).
Other Changes and Other Comprehensive Income
Other changes were generally negligible or absent, with only minor negative adjustments (-1 million) in 2013 and 2015, and no data in other years.
As a result, other comprehensive income (loss) mirrored these fluctuations. It was negative in 2011 and 2012 (-268 and -104 million respectively), turned strongly positive in 2013 (707 million), then reverted to negative in 2014 (-368 million) and 2015 (-90 million). These wide swings in other comprehensive income highlight significant variability in non-operating items influencing total comprehensive income.
Comprehensive Income
Comprehensive income, which combines net income and other comprehensive income, increased from 1,399 million in 2011 to a peak of 2,661 million in 2013, reflecting the positive pension adjustment and strong net income that year. However, it then contracted sharply in 2014 to 1,663 million and slightly rose to 1,754 million in 2015. Despite these fluctuations, comprehensive income consistently remained above 1,300 million.
Attributable Components
Comprehensive income attributable to noncontrolling interests was minimal and negative in 2011 and 2012 (-2 and -4 million) and not reported in later years. The bulk of comprehensive income pertained to shareholders, closely aligned with total comprehensive income, confirming that the majority of economic benefits accrued to the parent company owners.