Balance Sheet: Assets
Quarterly Data

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 (quarterly data)

US$ in millions

	Mar 31, 2018	Dec 31, 2017	Sep 30, 2017	Jun 30, 2017	Mar 31, 2017	Dec 31, 2016	Sep 30, 2016	Jun 30, 2016	Mar 31, 2016	Dec 31, 2015	Sep 30, 2015	Jun 30, 2015	Mar 31, 2015	Dec 31, 2014	Sep 30, 2014	Jun 30, 2014	Mar 31, 2014	Dec 31, 2013	Sep 30, 2013	Jun 30, 2013	Mar 31, 2013
Cash and equivalents	1,691)	2,621)	2,621)	1,705)	1,450)	1,539)	2,308)	2,496)	1,540)	2,155)	1,774)	3,122)	2,260)	2,618)	3,210)	4,480)	3,546)	1,862)	1,567)	2,063)	2,493)
Receivables, less allowances	10,279)	9,401)	8,997)	8,655)	8,540)	8,699)	8,031)	7,813)	7,810)	7,411)	7,322)	8,004)	7,645)	7,720)	7,005)	7,014)	7,371)	7,868)	6,763)	7,033)	7,095)
Inventories	2,071)	2,401)	2,198)	2,042)	1,983)	2,062)	1,915)	1,669)	1,576)	1,753)	1,973)	1,640)	1,532)	1,700)	1,776)	1,654)	1,879)	2,028)	2,056)	2,014)	1,987)
Deferred income taxes	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	184)	184)	184)	184)	181)	424)	512)	447)	459)	459)	459)
Prepaid expenses and other current assets	1,097)	796)	792)	1,002)	935)	1,185)	1,010)	984)	866)	1,194)	886)	860)	874)	958)	721)	611)	686)	639)	736)	660)	590)
Current assets	15,138)	15,219)	14,608)	13,404)	12,908)	13,485)	13,264)	12,962)	11,792)	12,513)	12,139)	13,810)	12,495)	13,180)	12,893)	14,183)	13,994)	12,844)	11,581)	12,229)	12,624)
Noncurrent inventories and theatrical film and television production costs	8,481)	8,275)	8,367)	7,735)	7,923)	7,916)	8,196)	7,589)	7,731)	7,600)	7,294)	6,597)	6,735)	6,841)	6,779)	6,549)	6,347)	6,699)	6,539)	5,891)	6,252)
Investments, including available-for-sale securities	3,980)	3,924)	3,732)	3,642)	3,412)	3,337)	3,271)	2,592)	2,649)	2,617)	2,154)	2,132)	2,270)	2,326)	2,336)	2,494)	2,117)	2,024)	1,953)	2,133)	1,920)
Property, plant and equipment, net	2,753)	2,707)	2,555)	2,464)	2,462)	2,510)	2,482)	2,516)	2,546)	2,596)	2,569)	2,567)	2,580)	2,655)	2,678)	2,716)	3,219)	3,825)	3,692)	3,704)	3,769)
Intangible assets subject to amortization, net	543)	585)	647)	692)	738)	783)	809)	856)	900)	949)	1,001)	1,036)	1,080)	1,141)	1,225)	1,278)	2,437)	1,920)	2,019)	1,977)	2,033)
Intangible assets not subject to amortization	7,007)	7,006)	7,006)	7,005)	7,005)	7,005)	7,005)	7,030)	7,030)	7,029)	7,027)	7,030)	7,030)	7,032)	7,034)	7,037)	7,041)	7,629)	7,680)	7,646)	7,642)
Goodwill	27,800)	27,776)	27,784)	27,757)	27,738)	27,752)	27,694)	27,701)	27,686)	27,689)	27,702)	27,575)	27,557)	27,565)	27,587)	27,599)	30,568)	30,563)	30,527)	30,447)	30,409)
Other assets	3,295)	3,717)	3,644)	3,397)	3,463)	3,178)	3,043)	2,881)	2,920)	2,855)	2,788)	2,678)	2,448)	2,519)	2,563)	2,634)	2,476)	2,490)	2,462)	2,295)	2,298)
Noncurrent assets	53,859)	53,990)	53,735)	52,692)	52,741)	52,481)	52,500)	51,165)	51,462)	51,335)	50,535)	49,615)	49,700)	50,079)	50,202)	50,307)	54,205)	55,150)	54,872)	54,093)	54,323)
Total assets	68,997)	69,209)	68,343)	66,096)	65,649)	65,966)	65,764)	64,127)	63,254)	63,848)	62,674)	63,425)	62,195)	63,259)	63,095)	64,490)	68,199)	67,994)	66,453)	66,322)	66,947)

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 Q3 2017 to Q4 2017 but then slightly decreased from Q4 2017 to Q1 2018.
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 increased from Q3 2017 to Q4 2017 and from Q4 2017 to Q1 2018.
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 Q3 2017 to Q4 2017 but then slightly decreased from Q4 2017 to Q1 2018 not reaching Q3 2017 level.
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 Q3 2017 to Q4 2017 but then slightly decreased from Q4 2017 to Q1 2018.

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.
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 Q3 2017 to Q4 2017 and from Q4 2017 to Q1 2018.
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 Q3 2017 to Q4 2017 but then decreased significantly from Q4 2017 to Q1 2018.

Time Warner Inc. (NYSE:TWX)

Balance Sheet: AssetsQuarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data