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Time Warner Cable Inc. pages available for free this week:
- Income Statement
- Balance Sheet: Assets
- Analysis of Long-term (Investment) Activity Ratios
- Enterprise Value to EBITDA (EV/EBITDA)
- Capital Asset Pricing Model (CAPM)
- Operating Profit Margin since 2006
- Return on Equity (ROE) since 2006
- Total Asset Turnover since 2006
- Price to Operating Profit (P/OP) since 2006
- Price to Sales (P/S) since 2006
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Calculation
ROA | = | 100 | × | Net income (loss) attributable to TWC shareholders1 | ÷ | Total assets1 | |
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Dec 31, 2015 | = | 100 | × | ÷ | |||
Dec 31, 2014 | = | 100 | × | ÷ | |||
Dec 31, 2013 | = | 100 | × | ÷ | |||
Dec 31, 2012 | = | 100 | × | ÷ | |||
Dec 31, 2011 | = | 100 | × | ÷ | |||
Dec 31, 2010 | = | 100 | × | ÷ | |||
Dec 31, 2009 | = | 100 | × | ÷ | |||
Dec 31, 2008 | = | 100 | × | ÷ | |||
Dec 31, 2007 | = | 100 | × | ÷ | |||
Dec 31, 2006 | = | 100 | × | ÷ |
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), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31).
1 US$ in millions
The financial data reveals several significant trends regarding profitability and asset utilization over the analyzed period.
- Net Income (Loss) Attributable to Shareholders
- The net income exhibits considerable volatility. After a strong positive result in 2006 (US$1976 million), there was a notable decline in 2007 (US$1123 million), followed by a substantial net loss in 2008 amounting to US$7344 million. Subsequent years show a recovery, with positive net income restored in 2009 (US$1070 million) and a general upward trend peaking in 2012 (US$2155 million). Despite minor fluctuations, net income remained positive from 2009 onward, ending at US$1844 million in 2015. This pattern indicates a period of financial distress in 2008, succeeded by a recovery phase and relative stabilization in profitability.
- Total Assets
- Total assets experienced an initial decline from US$55,743 million in 2006 to US$43,694 million in 2009. From 2010 onwards, assets show a moderate but steady increase, rising to US$49,277 million by 2015. This trend suggests an initial contraction phase in asset base, possibly related to the financial downturn, followed by a cautious asset growth strategy in the following years.
- Return on Assets (ROA)
- The ROA mirrors the net income volatility, showing a peak of 3.54% in 2006, then a decline to 1.98% in 2007, and a sharp drop into negative territory (-15.34%) in 2008. Subsequent years exhibit recovery, with ROA increasing steadily to a high of 4.33% in 2012. Post-2012, ROA experiences slight decreases but remains above 3.5%, indicating sustained asset efficiency improvements following the 2008 downturn.
Overall, the data indicates that the company underwent a significant financial setback in 2008, reflected by substantial net losses and negative ROA, alongside a reduction in total assets. The ensuing period is characterized by gradual recovery and improved profitability, asset growth, and better utilization of assets, though with some fluctuations in later years. These patterns suggest effective management responses to the downturn, achieving stabilization and moderate growth in subsequent years.
Comparison to Competitors
Time Warner Cable Inc. | Alphabet Inc. | Comcast Corp. | Meta Platforms Inc. | Netflix Inc. | Take-Two Interactive Software Inc. | Walt Disney Co. | |
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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), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31).
Comparison to Sector (Media & Entertainment)
Time Warner Cable Inc. | Media & Entertainment | |
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Dec 31, 2015 | ||
Dec 31, 2014 | ||
Dec 31, 2013 | ||
Dec 31, 2012 | ||
Dec 31, 2011 | ||
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Dec 31, 2006 |
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), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31).
Comparison to Industry (Communication Services)
Time Warner Cable Inc. | Communication Services | |
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Dec 31, 2015 | ||
Dec 31, 2014 | ||
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Dec 31, 2011 | ||
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Dec 31, 2006 |
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), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31).