Analysis of Reportable Segments
Time Warner Cable Inc. operates in 3 segments: Residential Services; Business Services; and Other Operations.
Segment Profit Margin
Time Warner Cable Inc., profit margin by reportable segment
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
|---|---|---|---|---|---|
| Residential Services | 44.76% | 46.75% | 47.21% | 47.93% | — |
| Business Services | 60.51% | 60.57% | 58.43% | 59.02% | — |
| Other Operations | 38.89% | 44.41% | 52.00% | 57.95% | — |
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).
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Residential Services | Residential Services segment profit margin ratio deteriorated from 2013 to 2014 and from 2014 to 2015. |
| Business Services | Business Services segment profit margin ratio improved from 2013 to 2014 but then slightly deteriorated from 2014 to 2015. | |
| Other Operations | Other Operations segment profit margin ratio deteriorated from 2013 to 2014 and from 2014 to 2015. |
Segment Profit Margin: Residential Services
Time Warner Cable Inc.; Residential Services; segment profit margin calculation
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| OIBDA | 8,489) | 8,623) | 8,688) | 8,712) | —) |
| Revenue | 18,966) | 18,446) | 18,402) | 18,175) | —) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 44.76% | 46.75% | 47.21% | 47.93% | — |
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).
1 2015 Calculation
Segment profit margin = 100 × OIBDA ÷ Revenue
= 100 × 8,489 ÷ 18,966 = 44.76%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Residential Services | Residential Services segment profit margin ratio deteriorated from 2013 to 2014 and from 2014 to 2015. |
Segment Profit Margin: Business Services
Time Warner Cable Inc.; Business Services; segment profit margin calculation
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| OIBDA | 1,987) | 1,719) | 1,351) | 1,122) | —) |
| Revenue | 3,284) | 2,838) | 2,312) | 1,901) | —) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 60.51% | 60.57% | 58.43% | 59.02% | — |
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).
1 2015 Calculation
Segment profit margin = 100 × OIBDA ÷ Revenue
= 100 × 1,987 ÷ 3,284 = 60.51%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Business Services | Business Services segment profit margin ratio improved from 2013 to 2014 but then slightly deteriorated from 2014 to 2015. |
Segment Profit Margin: Other Operations
Time Warner Cable Inc.; Other Operations; segment profit margin calculation
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| OIBDA | 665) | 787) | 833) | 846) | —) |
| Revenue | 1,710) | 1,772) | 1,602) | 1,460) | —) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 38.89% | 44.41% | 52.00% | 57.95% | — |
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).
1 2015 Calculation
Segment profit margin = 100 × OIBDA ÷ Revenue
= 100 × 665 ÷ 1,710 = 38.89%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Other Operations | Other Operations segment profit margin ratio deteriorated from 2013 to 2014 and from 2014 to 2015. |
Revenue
Time Warner Cable Inc., revenue by reportable segment
US$ in millions
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
|---|---|---|---|---|---|
| Residential Services | 18,966) | 18,446) | 18,402) | 18,175) | —) |
| Business Services | 3,284) | 2,838) | 2,312) | 1,901) | —) |
| Other Operations | 1,710) | 1,772) | 1,602) | 1,460) | —) |
| Intersegment eliminations | (263) | (244) | (196) | (150) | —) |
| Total consolidated | 23,697) | 22,812) | 22,120) | 21,386) | —) |
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).
OIBDA
Time Warner Cable Inc., oibda by reportable segment
US$ in millions
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
|---|---|---|---|---|---|
| Residential Services | 8,489) | 8,623) | 8,688) | 8,712) | —) |
| Business Services | 1,987) | 1,719) | 1,351) | 1,122) | —) |
| Other Operations | 665) | 787) | 833) | 846) | —) |
| Shared functions | (3,206) | (3,126) | (3,011) | (2,971) | —) |
| Total consolidated | 7,935) | 8,003) | 7,861) | 7,709) | —) |
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).