Adjustments to Current Assets
Adjustments to Total Assets
Adjustments to Current Liabilities
Adjustments to Total Liabilities
Adjustments to Stockholders’ Equity
Adjustments to Capitalization Table
Adjustments to Revenues
Adjustments to Reported Income

Time Warner Inc., adjusted current assets

US$ in millions

	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013
As Reported
Current assets	15,219)	13,485)	12,513)	13,180)	12,844)
Adjustments
Add: Allowance for doubtful accounts	162)	193)	180)	152)	261)
Less: Current deferred tax assets¹	—)	—)	—)	184)	447)
After Adjustment
Adjusted current assets	15,381)	13,678)	12,693)	13,148)	12,658)

Based on: 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31).

¹ Current deferred tax assets. See details »

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Time Warner Inc., adjusted total assets

US$ in millions

	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013
As Reported
Total assets	69,209)	65,966)	63,848)	63,259)	67,994)
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)¹	976)	1,016)	1,083)	1,262)	1,600)
Add: Allowance for doubtful accounts	162)	193)	180)	152)	261)
Less: Current deferred tax assets²	—)	—)	—)	184)	447)
Less: Noncurrent deferred tax assets³	111)	125)	134)	—)	—)
After Adjustment
Adjusted total assets	70,236)	67,050)	64,977)	64,489)	69,408)

Based on: 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31).

¹ Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »

² Current deferred tax assets. See details »

³ Noncurrent deferred tax assets. See details »

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Time Warner Inc., adjusted current liabilities

US$ in millions

	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013
As Reported
Current liabilities	14,077)	9,703)	8,002)	9,204)	8,383)
Adjustments
Less: Current deferred revenue	711)	564)	616)	579)	995)
Less: Current accrued restructuring and severance costs	119)	114)	213)	392)	144)
After Adjustment
Adjusted current liabilities	13,247)	9,025)	7,173)	8,233)	7,244)

Based on: 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31).

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Time Warner Inc., adjusted total liabilities

US$ in millions

	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013
As Reported
Total liabilities	40,798)	41,600)	40,200)	38,783)	38,090)
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)¹	976)	1,016)	1,083)	1,262)	1,600)
Less: Noncurrent deferred tax liabilities²	1,584)	2,678)	2,454)	2,204)	2,642)
Less: Deferred revenue	1,179)	1,050)	968)	894)	1,477)
Less: Accrued restructuring and severance costs	197)	171)	253)	534)	244)
After Adjustment
Adjusted total liabilities	38,814)	38,717)	37,608)	36,413)	35,327)

Based on: 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31).

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Noncurrent deferred tax liabilities. See details »

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Time Warner Inc., adjusted total Time Warner Inc. shareholders’ equity

US$ in millions

	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013
As Reported
Total Time Warner Inc. shareholders’ equity	28,375)	24,335)	23,619)	24,476)	29,904)
Adjustments
Less: Net deferred tax asset (liability)¹	(1,473)	(2,553)	(2,320)	(2,020)	(2,195)
Add: Allowance for doubtful accounts	162)	193)	180)	152)	261)
Add: Deferred revenue	1,179)	1,050)	968)	894)	1,477)
Add: Accrued restructuring and severance costs	197)	171)	253)	534)	244)
Add: Redeemable noncontrolling interest	35)	29)	29)	—)	—)
Add: Noncontrolling interest	1)	2)	—)	—)	—)
After Adjustment
Adjusted total equity	31,422)	28,333)	27,369)	28,076)	34,081)

Based on: 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31).

¹ Net deferred tax asset (liability). See details »

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Time Warner Inc., adjusted capitalization table

US$ in millions

	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013
As Reported
Debt due within one year	5,450)	1,947)	198)	1,118)	66)
Long-term debt, excluding due within one year	18,294)	22,392)	23,594)	21,376)	20,099)
Total reported debt	23,744)	24,339)	23,792)	22,494)	20,165)
Total Time Warner Inc. shareholders’ equity	28,375)	24,335)	23,619)	24,476)	29,904)
Total reported capital	52,119)	48,674)	47,411)	46,970)	50,069)
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)¹	976)	1,016)	1,083)	1,262)	1,600)
Adjusted total debt	24,720)	25,355)	24,875)	23,756)	21,765)
Adjustments to Equity
Less: Net deferred tax asset (liability)²	(1,473)	(2,553)	(2,320)	(2,020)	(2,195)
Add: Allowance for doubtful accounts	162)	193)	180)	152)	261)
Add: Deferred revenue	1,179)	1,050)	968)	894)	1,477)
Add: Accrued restructuring and severance costs	197)	171)	253)	534)	244)
Add: Redeemable noncontrolling interest	35)	29)	29)	—)	—)
Add: Noncontrolling interest	1)	2)	—)	—)	—)
Adjusted total equity	31,422)	28,333)	27,369)	28,076)	34,081)
After Adjustment
Adjusted total capital	56,142)	53,688)	52,244)	51,832)	55,846)

Based on: 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31).

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Net deferred tax asset (liability). See details »

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Time Warner Inc., adjusted revenues

US$ in millions

12 months ended:	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013
As Reported
Revenues	31,271)	29,318)	28,118)	27,359)	29,795)
Adjustment
Add: Increase (decrease) in deferred revenue	129)	82)	74)	1)	(57)
After Adjustment
Adjusted revenues	31,400)	29,400)	28,192)	27,360)	29,738)

Based on: 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31).

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Time Warner Inc., adjusted net income attributable to Time Warner Inc. shareholders

US$ in millions

12 months ended:	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013
As Reported
Net income attributable to Time Warner Inc. shareholders	5,247)	3,926)	3,833)	3,827)	3,691)
Adjustments
Add: Deferred income tax expense (benefit)¹	(1,010)	236)	328)	166)	759)
Add: Increase (decrease) in allowance for doubtful accounts	(31)	13)	28)	(39)	(23)
Add: Increase (decrease) in deferred revenue	129)	82)	74)	1)	(57)
Add: Increase (decrease) in accrued restructuring and severance costs	26)	(82)	(281)	348)	78)
Less: Discontinued operations, net of tax	—)	11)	37)	(67)	137)
Add: Other comprehensive income (loss)	73)	(64)	(282)	(416)	137)
Add: Comprehensive income (loss), net of tax, attributable to noncontrolling interest	(3)	(1)	(1)	—)	—)
After Adjustment
Adjusted net income	4,431)	4,099)	3,662)	3,954)	4,448)

Based on: 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31).

¹ Deferred income tax expense (benefit). See details »

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Time Warner Inc. (NYSE:TWX)

Adjustments to Financial Statements

Adjustments to Current Assets

Adjustments to Total Assets

Adjustments to Current Liabilities

Adjustments to Total Liabilities

Adjustments to Stockholders’ Equity

Adjustments to Capitalization Table

Adjustments to Revenues

Adjustments to Reported Income