Time Warner Cable Inc. (NYSE:TWC)

The financial data over the examined period reveals several notable trends in revenue, operating income, and net income attributable to shareholders.

Revenue

Revenue shows a generally steady upward trajectory from 2006 through 2015. Starting at approximately $11.8 billion in 2006, revenue increased consistently each year, reaching almost $23.7 billion by the end of 2015. This represents a near doubling of revenue over the ten-year span, indicating strong top-line growth and likely successful business expansion or increased market penetration.

Operating Income (Loss)

Operating income exhibited substantial volatility, notably presenting a significant outlier in 2008 where an operating loss of nearly $11.8 billion was recorded. This sharp decline interrupts an otherwise positive trend in operating income. Outside of this extraordinary loss in 2008, operating income generally increased from $2.2 billion in 2006 to a peak of approximately $4.6 billion in 2014, before slightly decreasing to about $4.2 billion in 2015. This suggests that the anomaly in 2008 may have been due to an exceptional event or charge, after which operating performance returned to a positive growth trajectory.

Net Income (Loss) Attributable to TWC Shareholders

Net income follows a pattern somewhat similar to operating income, with an exceptional loss occurring in 2008, amounting to approximately $7.3 billion. Aside from this, net income fluctuates but generally shows growth from 2006 through 2012, peaking at $2.2 billion in 2012. There appears to be a slight decline from 2013 to 2015, with net income decreasing to about $1.8 billion in 2015. The decline post-2012 may indicate emerging challenges or increased costs affecting profitability despite continued revenue growth.

Overall, the data suggests consistent revenue growth paired with largely positive operating and net income, except for a major disruption in 2008. The recovery from this loss and subsequent profitability indicate resilience, although the post-2012 slight decline in net income warrants attention for potential factors impacting shareholder returns.

The analysis of the annual financial data reveals significant fluctuations in the current assets over the ten-year period. Starting at 910 million US dollars in 2006, current assets exhibited a substantial increase, reaching a peak of 6,659 million in 2008. This sharp rise was followed by a notable decrease in 2009, with current assets falling to 2,102 million. Subsequently, there was a recovery trend observed through 2011, culminating in an amount of 6,398 million. From 2012 onward, the current assets demonstrated a downward trend, declining steadily to 2,459 million by the end of 2015.

Regarding total assets, the data shows a more stable pattern, although there was a general diminishing trend until 2009. Total assets slightly increased from 55,743 million in 2006 to 56,600 million in 2007, followed by a decline to a low of 43,694 million in 2009. After this point, total assets generally trended upward, recovering to 49,277 million by 2015. The overall variation in total assets is less pronounced compared to current assets, indicating a relatively steady asset base notwithstanding the fluctuations in liquidity represented by current assets.

The relationship between current assets and total assets suggests periods of increased liquidity, particularly in 2008 and 2011, followed by tightening in later years. These trends may reflect strategic asset management decisions, shifts in operational focus, or external economic factors impacting liquidity and asset structure.

Current Assets

Sharp fluctuations with peaks in 2008 and 2011, followed by decline from 2012 to 2015.

Total Assets

Relatively stable with a slight decline until 2009, followed by gradual recovery through 2015.

General Insight

Liquidity levels have varied significantly, whereas the overall asset base remained comparatively stable, indicating adaptive financial positioning within the period examined.

The financial data demonstrates several notable trends in the company's liabilities and shareholders' equity from 2006 to 2015. Overall, the data reveals fluctuations and shifts in financial structure that warrant attention.

Current Liabilities

Current liabilities exhibit a general upward trend from 2006 to 2011, increasing from $2,490 million in 2006 to a peak of $5,370 million in 2011. After 2011, current liabilities gradually declined each year, reaching $3,949 million by 2015. This pattern suggests a period of increasing short-term obligations followed by a sustained effort to reduce these liabilities over the subsequent years.

Long-Term Debt (including current maturities)

Long-term debt shows a significant upward trajectory from 2006 through 2012, rising from $14,428 million to a high of $26,689 million. However, from 2012 onward, long-term debt decreases consistently, dropping to $22,502 million by 2015. The initial increase could indicate financing activities such as borrowing for expansion or restructuring, while the later decline may reflect debt repayments or refinancing efforts.

Total Shareholders’ Equity

Shareholders’ equity trends downward markedly between 2006 and 2009, falling from $23,564 million to $8,685 million, a decline of approximately 63%. From 2009 to 2011, equity remains relatively stable but low, followed by a slight decline through 2013. Beginning in 2014, shareholders’ equity rebounds, increasing to $8,995 million by 2015. This pattern may indicate significant losses, asset write-downs, or other negative equity impacts during the earlier period, succeeded by gradual recovery.

In summary, the company experienced increasing liabilities, both current and long-term, up to the early 2010s, coupled with a sharp decline in shareholders’ equity. Subsequently, there was a period characterized by reduction in debt and liabilities alongside modest equity recovery. These dynamics suggest a phase of financial stress or restructuring followed by efforts to improve balance sheet stability.

The analysis of the annual cash flow data reveals distinct trends in the operational, investing, and financing activities over the period examined.

Cash Provided by Operating Activities

There is a generally positive trend in cash generated from operating activities, showing a steady increase from 3,595 million US dollars in 2006 to 6,539 million US dollars in 2015. This upward movement suggests improving operational efficiency or expanding operational capacity throughout these years, notwithstanding a slight plateau around 2009-2010.

Cash Used by Investing Activities

Investing activities consistently show a negative cash flow, indicating ongoing capital expenditure or investment outflows. Although relatively high in 2006 (-11,999 million US dollars), the outflows decreased significantly in 2007 and 2008 before stabilizing in the range of approximately -2,872 to -4,345 million US dollars annually from 2009 onward. This suggests a reduction and then a consistent level of investment spending following an initially very high expenditure.

Cash Provided (Used) by Financing Activities

Financing activities display considerable volatility. In 2006, there was strong positive cash flow (8,443 million US dollars), but this turned negative in the following year (-950 million US dollars). The pattern alternates between inflows and outflows without a clear directional trend, notably showing substantial outflows in several years such as 2009 (-6,273 million US dollars), 2012 (-4,053 million US dollars), and 2013 (-5,056 million US dollars). This fluctuation could indicate varying strategies regarding debt issuance, repayment, equity financing, or dividend payments over time.

In summary, operating cash flow has improved steadily, indicating strengthening core business performance. Investment activities have moved from very high outflows to more stable, moderate levels, signifying a shift in capital allocation strategy. Financing activities lack a consistent pattern, reflecting dynamic adjustments to the company's capital structure across the years.

The financial data reveals several notable trends and fluctuations over the period analyzed.

Basic and Diluted Earnings Per Share (EPS)

Both basic and diluted earnings per share follow a closely aligned trend throughout the years. Beginning at a moderate level in 2006 with a value of 6 US$, there is a sharp decline in 2007 to approximately 3.45 US$. This downward trend culminates in a significant negative EPS in 2008, reaching -22.56 US$, indicating a considerable loss for that year. Following the large loss, EPS recovers steadily from 2009 onwards, with values increasing from just above 3 US$ in 2009 and 2010 to nearly 7 US$ by 2012. A slight decrease is observed from 2013 to 2015, with EPS values fluctuating between approximately 6.4 and 7.2 US$, reflecting relative stabilization but with some volatility towards the end of the period.

Dividend per Share

Dividend payments per share show a delayed onset, with no dividends recorded for the initial years up to 2009. In 2010, an anomalously high dividend value of 30.81 US$ is noted, which may represent a special one-time distribution or a data irregularity given the sudden spike compared to surrounding periods. From 2011 onwards, dividends per share exhibit a gradual and consistent growth trend, increasing from 1.6 US$ to 3.75 US$ in 2015. This consistent rise suggests an improving confidence in distributing earnings back to shareholders during this later time period.

In summary, the company experienced significant earnings volatility, especially in 2007-2008 with a pronounced loss followed by recovery and stabilization of earnings per share in subsequent years. Dividend policies appear to have been introduced after 2009 and progressively increased, indicating a shift towards returning value to shareholders in line with improving profitability.