Balance Sheet: Liabilities and Stockholders’ Equity
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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Time Warner Inc., consolidated balance sheet: liabilities and stockholders’ equity (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
Accounts payable and accrued liabilities	8,021)	7,916)	7,969)	7,031)	6,766)	7,192)	6,907)	6,403)	6,589)	7,188)	7,597)	7,059)	7,062)	7,507)	7,052)	6,564)	7,262)	7,322)	6,776)	6,652)	6,922)
Deferred revenue	1,002)	711)	725)	653)	588)	564)	580)	519)	554)	616)	607)	623)	530)	579)	504)	475)	951)	995)	874)	885)	932)
Debt due within one year	3,922)	5,450)	1,157)	1,155)	808)	1,947)	52)	50)	51)	198)	199)	1,513)	1,299)	1,118)	1,168)	168)	65)	66)	18)	317)	316)
Current liabilities	12,945)	14,077)	9,851)	8,839)	8,162)	9,703)	7,539)	6,972)	7,194)	8,002)	8,403)	9,195)	8,891)	9,204)	8,724)	7,207)	8,278)	8,383)	7,668)	7,854)	8,170)
Long-term debt, excluding due within one year	18,331)	18,294)	21,898)	21,843)	22,402)	22,392)	24,419)	24,418)	23,622)	23,594)	22,728)	22,281)	21,172)	21,376)	21,389)	22,395)	20,226)	20,099)	19,145)	19,129)	19,125)
Deferred income taxes	1,812)	1,584)	2,490)	2,596)	2,620)	2,678)	2,603)	2,665)	2,570)	2,454)	2,006)	2,109)	2,124)	2,204)	1,797)	2,037)	2,461)	2,642)	2,510)	2,546)	2,500)
Deferred revenue	468)	468)	480)	502)	493)	486)	436)	400)	390)	352)	293)	307)	307)	315)	349)	335)	458)	482)	496)	514)	518)
Other noncurrent liabilities	5,599)	6,375)	6,320)	6,297)	6,515)	6,341)	6,459)	5,754)	5,605)	5,798)	5,567)	5,508)	5,503)	5,684)	5,606)	6,609)	6,732)	6,484)	6,704)	6,496)	6,642)
Noncurrent liabilities	26,210)	26,721)	31,188)	31,238)	32,030)	31,897)	33,917)	33,237)	32,187)	32,198)	30,594)	30,205)	29,106)	29,579)	29,141)	31,376)	29,877)	29,707)	28,855)	28,685)	28,785)
Total liabilities	39,155)	40,798)	41,039)	40,077)	40,192)	41,600)	41,456)	40,209)	39,381)	40,200)	38,997)	39,400)	37,997)	38,783)	37,865)	38,583)	38,155)	38,090)	36,523)	36,539)	36,955)
Redeemable noncontrolling interest	36)	35)	36)	30)	30)	29)	29)	29)	29)	29)	29)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Common stock, $0.01 par value	17)	17)	17)	17)	17)	17)	17)	17)	17)	17)	17)	17)	17)	17)	17)	17)	17)	17)	17)	17)	17)
Additional paid-in capital	144,797)	145,077)	145,373)	145,670)	146,279)	146,780)	147,032)	147,311)	147,593)	148,041)	148,309)	148,572)	148,819)	149,282)	149,549)	149,820)	152,988)	153,410)	153,650)	153,796)	154,065)
Treasury stock, at cost	(46,930)	(47,074)	(47,137)	(47,224)	(47,313)	(47,497)	(47,409)	(46,778)	(46,110)	(45,612)	(45,048)	(43,895)	(43,087)	(42,445)	(41,563)	(40,227)	(38,337)	(37,630)	(36,641)	(35,723)	(35,099)
Accumulated other comprehensive loss, net	(1,353)	(1,437)	(1,389)	(1,507)	(1,527)	(1,510)	(1,614)	(1,447)	(1,490)	(1,446)	(1,392)	(1,396)	(1,307)	(1,164)	(841)	(804)	(875)	(852)	(1,073)	(1,101)	(1,060)
Accumulated deficit	(66,726)	(68,208)	(69,597)	(70,969)	(72,031)	(73,455)	(73,748)	(75,215)	(76,167)	(77,381)	(78,238)	(79,273)	(80,244)	(81,214)	(81,932)	(82,899)	(83,749)	(85,041)	(86,024)	(87,207)	(87,932)
Total Time Warner Inc. shareholders’ equity	29,805)	28,375)	27,267)	25,987)	25,425)	24,335)	24,278)	23,888)	23,843)	23,619)	23,648)	24,025)	24,198)	24,476)	25,230)	25,907)	30,044)	29,904)	29,929)	29,782)	29,991)
Noncontrolling interest	1)	1)	1)	2)	2)	2)	1)	1)	1)	—)	—)	—)	—)	—)	—)	—)	—)	—)	1)	1)	1)
Total equity	29,806)	28,376)	27,268)	25,989)	25,427)	24,337)	24,279)	23,889)	23,844)	23,619)	23,648)	24,025)	24,198)	24,476)	25,230)	25,907)	30,044)	29,904)	29,930)	29,783)	29,992)
Total liabilities and equity	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)

The financial data reveals several notable trends and patterns in the liabilities and equity of the company over the observed quarterly periods.

Accounts Payable and Accrued Liabilities: This liability category exhibits moderate fluctuations, generally ranging between approximately 6,400 million and 8,000 million US dollars. There is a slight downward trend from early 2013 to mid-2016, followed by a modest increase towards the end of the period, reaching values above 7,900 million US dollars in early 2018.
Deferred Revenue: The reported deferred revenue shows two distinct lines with different magnitudes, both experiencing some volatility. One line fluctuates broadly between around 475 million and 1,000 million US dollars, with a notable peak near the end of the most recent period (March 2018) at 1,002 million US dollars. The other line, on a smaller scale, moves mostly between approximately 300 million and 500 million US dollars, generally maintaining a range without clear directionality.
Debt Due Within One Year: Short-term debt shows substantial volatility, with values ranging from low double digits to peaks above 5,000 million US dollars. Early periods show relatively low short-term debt, but the amount increases markedly toward the later quarters, especially in December 2017 (5,450 million US dollars) and March 2018 (3,922 million US dollars), indicating significant short-term borrowing spikes in the most recent quarters.
Current Liabilities: Current liabilities follow a pattern similar to short-term debt and accounts payable, fluctuating in a band generally between 7,000 million and 14,000 million US dollars. An upward trend is apparent beginning in late 2016, with peaks near 14,077 million US dollars in December 2017, slightly declining but remaining elevated through early 2018.
Long-term Debt, Excluding Debt Due Within One Year: Long-term debt maintains relatively high levels throughout the period, consistently exceeding 18,000 million US dollars and reaching a maximum just above 24,400 million US dollars during the latter half of 2016. A gradual reduction is observed leading into 2017 and early 2018, suggesting debt repayment or restructuring activities.
Deferred Income Taxes: This item exhibits some variability but generally maintains values between approximately 1,500 million and 2,700 million US dollars. A noticeable decline occurs towards the end of the period, with the lowest values recorded near the final quarters, suggesting changes in tax liabilities or accounting adjustments.
Other Noncurrent Liabilities and Total Noncurrent Liabilities: Other noncurrent liabilities and aggregate noncurrent liabilities remain relatively stable, with minor fluctuations around averages of roughly 5,600 million and 31,000 million US dollars respectively. The data suggests consistency in long-term obligations aside from debt-related items.
Total Liabilities: Total liabilities fluctuate moderately within a range of approximately 36,000 million to 41,600 million US dollars. There is a modest increase observed from early 2013 through late 2016, followed by a gradual decline starting in early 2017.
Shareholders’ Equity: Total shareholders' equity shows a decreasing trend from early 2013 to late 2014, dropping from nearly 30,000 million to around 24,476 million US dollars. Post-2014, equity stabilizes and then increases progressively from 2016 onward, reaching nearly 29,805 million US dollars by March 2018. This indicates an improvement in net equity positions in the last years of the dataset.
Accumulated Deficit: The accumulated deficit consistently decreases (in absolute terms), moving from approximately -87,932 million US dollars in early 2013 to -66,726 million US dollars by early 2018. The reduction in deficit magnitude implies ongoing efforts to improve retained earnings or reduce losses over the period.
Treasury Stock: Treasury stock at cost shows a consistent increasing negative balance, moving from about -35,099 million US dollars to -46,930 million US dollars, reflecting ongoing repurchases of shares or similar equity transactions reducing shareholders' equity.
Total Liabilities and Equity: The combined total of liabilities and equity remains relatively stable around 66,000 million to 69,000 million US dollars throughout the periods, indicating balanced capitalization strategies despite internal fluctuations in individual components.

Overall, the data reflects a company managing significant liabilities, with notable increases in short-term debt toward the end of the period, a relatively stable long-term debt profile, and gradual improvements in equity and deficit levels. These trends suggest active financial management with an emphasis on reducing deficit and strengthening equity, alongside fluctuating reliance on short-term borrowings.

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Time Warner Inc. (NYSE:TWX)

Balance Sheet: Liabilities and Stockholders’ Equity Quarterly Data

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data