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.
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- Statement of Comprehensive Income
- Common-Size Income Statement
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Solvency Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Analysis of Reportable Segments
- Enterprise Value (EV)
- Dividend Discount Model (DDM)
- Selected Financial Data since 2005
- Price to Book Value (P/BV) since 2005
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Time Warner Inc., consolidated balance sheet: assets (quarterly data)
US$ in millions
Based on: 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-K (reporting date: 2013-12-31), 10-Q (reporting date: 2013-09-30), 10-Q (reporting date: 2013-06-30), 10-Q (reporting date: 2013-03-31).
- Cash and equivalents
- Cash and equivalents exhibited notable volatility over the observed periods, peaking at US$4,480 million in June 2014 and reaching lows around US$1,539 million in December 2016. While fluctuations are evident, there is a general downward trend from early 2013 toward 2017 with intermittent periods of recovery, such as mid-2014 and mid-2015.
- Receivables, less allowances
- This line item showed a steady upward trajectory, rising from US$7,095 million in March 2013 to US$10,279 million by March 2018. The gradual increase indicates growing sales or services on credit, suggesting expanding business operations or delayed collections trends over time.
- Inventories
- Inventories fluctuated with noticeable seasonality and cyclical patterns. Starting at US$1,987 million in March 2013, inventories decreased somewhat by early 2014, then increased to US$2,401 million in June 2017 before slightly reducing again by the end of the period to US$2,071 million. This pattern may reflect inventory management adjustments relative to sales cycles.
- Deferred income taxes
- Deferred income taxes remained stable around US$459 million until late 2013, followed by a general decline to approximately US$184 million by 2015. Data after this period is missing, indicating a possible change in reporting or accounting treatments for this item.
- Prepaid expenses and other current assets
- This category showed a growth trend with fluctuations, increasing from US$590 million in March 2013 to over US$1,100 million by March 2018. The rise suggests an expansion in prepayments, possibly due to higher upfront costs or changes in payment terms with suppliers or service providers.
- Current assets
- Current assets demonstrated considerable variation, increasing from about US$12,624 million in March 2013 to a peak of US$15,219 million in June 2017, before slightly declining to US$15,138 million at the end of the period. This rise reflects overall growth in liquid and near-liquid assets, partly driven by increases in receivables and prepaid expenses.
- Noncurrent inventories and theatrical film and television production costs
- These noncurrent assets remained relatively stable, fluctuating between US$5,891 million and US$8,481 million, with a general moderate upward trend. This likely indicates ongoing investment in production projects, with costs capitalized and amortized over time, reflecting the nature of the entertainment industry.
- Investments, including available-for-sale securities
- Investments showed a gradual increase from US$1,920 million in early 2013 to US$3,980 million by March 2018. The steady growth indicates an expansion in investment portfolios or securities holdings, contributing to asset diversification.
- Property, plant and equipment, net
- Net property, plant, and equipment steadily declined from approximately US$3,769 million in March 2013 to around US$2,753 million by March 2018. This suggests limited new capital expenditures combined with depreciation, indicating aging fixed assets or possible shifts toward intangible or other asset types.
- Intangible assets subject to amortization, net
- Intangible assets subject to amortization consistently decreased from about US$2,033 million at the beginning to US$543 million by the end of the period. The declining balance reflects ongoing amortization expense without corresponding additions, possibly due to the consumption of acquired intangible assets or reduced capitalized development.
- Intangible assets not subject to amortization
- This category remained stable around US$7,000 million throughout the periods, suggesting that these intangible assets are maintained without impairment or disposals, consistent with indefinite-lived assets such as trademarks or goodwill components excluded from amortization.
- Goodwill
- Goodwill values held steady at roughly US$27,500 to US$30,400 million, with a slight reduction after mid-2014 and stability thereafter. This shows no significant impairment losses despite minor fluctuations, indicating an overall stable acquisition-related asset base.
- Other assets
- Other assets exhibited an upward trend from US$2,298 million in 2013 to a peak of about US$3,717 million by the end of 2017, before a decline to US$3,295 million in early 2018. This variability suggests changes in miscellaneous noncurrent assets or adjustments in asset classifications.
- Noncurrent assets
- Noncurrent assets showed minor variation around roughly US$50,000 to US$54,500 million, with no definitive trend upward or downward from 2013 to 2018. This denotes relative stability in long-term asset holdings despite fluctuations in individual asset categories.
- Total assets
- Total assets fluctuated mildly between approximately US$62,000 million and US$69,000 million, peaking around year-end 2017. This overall stability suggests consistent asset base size with some growth toward the latter periods, reflecting incremental increases driven primarily by current asset growth and investments.