Balance Sheet: Assets

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Time Warner Inc., consolidated balance sheet: assets

US$ in millions

	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013
Cash and equivalents	2,621)	1,539)	2,155)	2,618)	1,862)
Receivables, less allowances	9,401)	8,699)	7,411)	7,720)	7,868)
Inventories	2,401)	2,062)	1,753)	1,700)	2,028)
Deferred income taxes	—)	—)	—)	184)	447)
Prepaid expenses and other current assets	796)	1,185)	1,194)	958)	639)
Current assets	15,219)	13,485)	12,513)	13,180)	12,844)
Noncurrent inventories	1,644)	1,747)	1,577)	1,779)	2,035)
Theatrical film and television production costs	6,631)	6,169)	6,023)	5,062)	4,664)
Noncurrent inventories and theatrical film and television production costs	8,275)	7,916)	7,600)	6,841)	6,699)
Equity-method investments	2,669)	2,347)	1,363)	898)	947)
Fair-value and other investments	1,026)	773)	826)	926)	742)
Held-to-maturity securities	—)	—)	268)	239)	—)
Cost-method investments	229)	217)	160)	263)	335)
Investments, including available-for-sale securities	3,924)	3,337)	2,617)	2,326)	2,024)
Property, plant and equipment, net	2,707)	2,510)	2,596)	2,655)	3,825)
Intangible assets subject to amortization, net	585)	783)	949)	1,141)	1,920)
Intangible assets not subject to amortization	7,006)	7,005)	7,029)	7,032)	7,629)
Goodwill	27,776)	27,752)	27,689)	27,565)	30,563)
Other assets	3,717)	3,178)	2,855)	2,519)	2,490)
Noncurrent assets	53,990)	52,481)	51,335)	50,079)	55,150)
Total assets	69,209)	65,966)	63,848)	63,259)	67,994)

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).

Assets: Selected Items

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Balance sheet item	Description	The company
Current assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	Time Warner Inc. current assets increased from 2015 to 2016 and from 2016 to 2017.
Property, plant and equipment, net	Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	Time Warner Inc. property, plant and equipment, net decreased from 2015 to 2016 but then increased from 2016 to 2017 exceeding 2015 level.
Noncurrent assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer.	Time Warner Inc. noncurrent assets increased from 2015 to 2016 and from 2016 to 2017.
Total assets	Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	Time Warner Inc. total assets increased from 2015 to 2016 and from 2016 to 2017.

Current Assets: Selected Items

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Balance sheet item	Description	The company
Cash and equivalents	Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.	Time Warner Inc. cash and equivalents decreased from 2015 to 2016 but then increased from 2016 to 2017 exceeding 2015 level.
Receivables, less allowances	The total amount due to the entity within one year of the balance sheet date (or one operating cycle, if longer) from outside sources, including trade accounts receivable, notes and loans receivable, as well as any other types of receivables, net of allowances established for the purpose of reducing such receivables to an amount that approximates their net realizable value.	Time Warner Inc. receivables, less allowances increased from 2015 to 2016 and from 2016 to 2017.
Inventories	Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.	Time Warner Inc. inventories increased from 2015 to 2016 and from 2016 to 2017.

Time Warner Inc. (NYSE:TWX)

Balance Sheet: Assets

Assets: Selected Items

Current Assets: Selected Items