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Analysis of Inventory
Difficulty: Advanced
Inventory Disclosure
Time Warner Inc., Statement of Financial Position, Inventory
USD $ in millions
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | ||
|---|---|---|---|---|---|---|
| Programming costs, less amortization | 3,859 | 3,625 | 3,067 | 3,251 | 3,738 | |
| Other inventory, primarily DVDs and Blu-ray Discs | 186 | 184 | 263 | 228 | 325 | |
| Inventories | 4,045 | 3,809 | 3,330 | 3,479 | 4,063 | |
| Less: Current portion of inventory | (2,401) | (2,062) | (1,753) | (1,700) | (2,028) | |
| Noncurrent inventories | 1,644 | 1,747 | 1,577 | 1,779 | 2,035 |
Source: Based on data from Time Warner Inc. Annual Reports
| Item | Description | The company |
|---|---|---|
| Inventories | Carrying amount (lower of cost or market) as of the balance sheet date of inventories less all valuation and other allowances. Excludes noncurrent inventory balances (expected to remain on hand past one year or one operating cycle, if longer). | Time Warner Inc.'s inventories increased from 2015 to 2016 and from 2016 to 2017. |