Summary - Funding Rounds
Founding Date | 1985 |
Time Warner is a subsidiary of AT&T
Time Warner Revenue Breakdown
Time Warner revenue breakdown by business segment: 43.0% from Warner Bros., 19.4% from Home Box Office and 37.5% from Turner
Time Warner Income Statement
Annual
| USD | FY, 2010 | FY, 2011 | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|---|---|---|---|
Revenue | 26.9 b | 29 b | 28.7 b | 26.5 b | 27.4 b | 28.1 b | 29.3 b |
Revenue growth, % | 8% | (1%) | (8%) | 3% | 3% | 4% | |
General and administrative expense | 5.1 b | ||||||
Operating expense total | 5.1 b | ||||||
EBIT | 6.8 b | 6.1 b | 6.9 b | 7.5 b | |||
EBIT margin, % | 26% | 22% | 24% | 26% | |||
Interest expense | 1.2 b | 1.2 b | |||||
Pre tax profit | 5.4 b | 5.2 b | |||||
Income tax expense | (1.7 b) | (1.3 b) | |||||
Net Income | 3.7 b | 3.8 b | 3.8 b | 3.9 b |
- Source: SEC Filings
Quarterly
| USD | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 7.3 b | 6.6 b | 7.3 b | 7 b | 7.2 b | 7.7 b | 7.3 b | 7.6 b | 8 b | |||
Cost of goods sold | 4.7 b | |||||||||||
Gross profit | 3.3 b | |||||||||||
Gross profit Margin, % | 41% | |||||||||||
General and administrative expense | 1.2 b | 1.1 b | 1.3 b | 1.3 b | 1.2 b | 1.3 b | 1.4 b | 1.4 b | 1.4 b | |||
Operating expense total | 1.2 b | 1.1 b | 1.3 b | 1.3 b | 1.2 b | 1.3 b | 1.4 b | 1.4 b | 1.4 b | |||
Depreciation and amortization | (43 m) | |||||||||||
EBIT | 1.9 b | 1.8 b | 2 b | 1.8 b | 2 b | 2.1 b | 1.7 b | 2.2 b | 1.8 b | |||
EBIT margin, % | 25% | 28% | 27% | 27% | 28% | 27% | 23% | 30% | 23% | |||
Interest expense | 286 m | 294 m | 284 m | 292 m | 298 m | 259 m | 249 m | 254 m | 207 m | |||
Pre tax profit | 1.4 b | 1.5 b | 1.7 b | 1.4 b | 1.7 b | 1.9 b | 1.5 b | 1.9 b | 1.5 b | |||
Income tax expense | (477 m) | (452 m) | (498 m) | (472 m) | (217 m) | (470 m) | (452 m) | (550 m) | 132 m | |||
Net Income | 2.1 b | 3.1 b | 970 m | 971 m | 1 b | 1.2 b | 951 m | 1.5 b | 1.4 b | 1.1 b | 1.4 b | 1.6 b |
- Source: SEC Filings
Time Warner Balance Sheet
Annual
| usd | Y, 2009 | Y, 2010 | Y, 2011 | Y, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|---|---|---|---|---|
Cash | 4.7 b | 3.7 b | 3.5 b | 2.8 b | 1.9 b | 2.6 b | 2.2 b | 1.5 b |
Inventories | 2 b | 1.7 b | 1.8 b | 2.1 b | ||||
Current Assets | 12.8 b | 13.2 b | 12.5 b | 13.5 b | ||||
PP&E | 3.8 b | 2.7 b | 2.6 b | 2.5 b | ||||
Goodwill | 30.6 b | 27.6 b | 27.7 b | 27.8 b | ||||
Total Assets | 68 b | 63.3 b | 63.8 b | 66 b | ||||
Accounts Payable | 3.6 m | |||||||
Short-term debt | ||||||||
Current Liabilities | 8.4 b | 9.2 b | 8 b | 9.7 b | ||||
Long-term debt | 20.1 b | 21.4 b | 23.6 b | 22.4 b | ||||
Total Debt | 20.1 b | 21.4 b | 23.6 b | 22.4 b | ||||
Additional Paid-in Capital | 149.3 b | 148 b | 146.8 b | |||||
Retained Earnings | (85 b) | (81.2 b) | (77.4 b) | (73.5 b) | ||||
Total Equity | 29.9 b | 24.5 b | 23.6 b | 24.3 b | ||||
Debt to Equity Ratio | 0.7 x | 0.9 x | 1 x | 0.9 x | ||||
Debt to Assets Ratio | 0.3 x | 0.3 x | 0.4 x | 0.3 x | ||||
Financial Leverage | 2.3 x | 2.6 x | 2.7 x | 2.7 x |
Quarterly
| USD | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash | 1.6 b | 3.5 b | 4.5 b | 3.2 b | 2.3 b | 3.1 b | 1.8 b | 1.5 b | 2.5 b | 2.3 b | 1.5 b | 1.7 b | 2.6 b | 1.7 b |
Inventories | 2.1 b | 1.9 b | 1.7 b | 1.8 b | 1.5 b | 1.6 b | 2 b | 1.6 b | 1.7 b | 1.9 b | 2 b | 2 b | 2.2 b | 2.1 b |
Current Assets | 11.6 b | 14 b | 14.2 b | 12.9 b | 12.5 b | 13.8 b | 12.1 b | 11.8 b | 13 b | 13.3 b | 12.9 b | 13.4 b | 14.6 b | 15.1 b |
PP&E | 3.7 b | 3.2 b | 2.7 b | 2.7 b | 2.6 b | 2.6 b | 2.6 b | 2.5 b | 2.5 b | 2.5 b | 2.5 b | 2.5 b | 2.6 b | 2.8 b |
Goodwill | 30.5 b | 30.6 b | 27.6 b | 27.6 b | 27.6 b | 27.6 b | 27.7 b | 27.7 b | 27.7 b | 27.7 b | 27.7 b | 27.8 b | 27.8 b | 27.8 b |
Total Assets | 66.5 b | 68.2 b | 64.5 b | 63.1 b | 62.2 b | 63.4 b | 62.7 b | 63.3 b | 64.1 b | 65.8 b | 65.6 b | 66.1 b | 68.3 b | 69 b |
Accounts Payable | 6.8 b | 7.3 b | 6.6 b | 7.1 b | 7.1 b | 7.1 b | 7.6 b | 6.6 b | 6.4 b | 6.9 b | 6.8 b | 7 b | 8 b | 8 b |
Current Liabilities | 7.7 b | 8.3 b | 7.2 b | 8.7 b | 8.9 b | 9.2 b | 8.4 b | 7.2 b | 7 b | 7.5 b | 8.2 b | 8.8 b | 9.9 b | 12.9 b |
Long-term debt | 19.1 b | 20.2 b | 22.4 b | 21.4 b | 21.2 b | 22.3 b | 22.7 b | 23.6 b | 24.4 b | 24.4 b | 22.4 b | 21.8 b | 21.9 b | 18.3 b |
Total Debt | 19.1 b | 20.2 b | 22.4 b | 21.4 b | 21.2 b | 22.3 b | 22.7 b | 23.6 b | 24.4 b | 24.4 b | 22.4 b | 21.8 b | 21.9 b | 18.3 b |
Additional Paid-in Capital | 153 b | 150 b | 150 b | 149 b | 149 b | 148 b | 148 b | 147 b | 147 b | 146 b | 146 b | 145 b | 144.8 b | |
Retained Earnings | (86 b) | (83.7 b) | (82.9 b) | (81.9 b) | (80.2 b) | (79.3 b) | (78.2 b) | (76.2 b) | (75.2 b) | (73.7 b) | (72 b) | (71 b) | (69.6 b) | (66.7 b) |
Total Equity | 29.9 b | 30 b | 25.9 b | 25.2 b | 24.2 b | 24 b | 23.6 b | 23.8 b | 23.9 b | 24.3 b | 25.4 b | 26 b | 27.3 b | 29.8 b |
Financial Leverage | 2.2 x | 2.3 x | 2.5 x | 2.5 x | 2.6 x | 2.6 x | 2.7 x | 2.7 x | 2.7 x | 2.7 x | 2.6 x | 2.5 x | 2.5 x | 2.3 x |
Time Warner Cash Flow
Annual
| usd | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|---|
Net Income | 3.7 b | 3.8 b | 3.8 b | 3.9 b |
Depreciation and Amortization | (190 m) | |||
Accounts Payable | (492 m) | 592 m | (200 m) | 631 m |
Cash From Operating Activities | 3.7 b | 802 m | (463 m) | |
Cash From Investing Activities | (910 m) | |||
Dividends Paid | (1.1 b) | (1.1 b) | (1.2 b) | (1.3 b) |
Cash From Financing Activities | (3.8 b) | |||
Free Cash Flow | 4.3 b |
Quarterly
| USD | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Income | 2.7 b | 1.3 b | 2.1 b | 3.1 b | 970 m | 1.9 b | 3 b | 1.2 b | 951 m | 1.5 b | 1.4 b | 2.5 b | 3.9 b | 1.6 b |
Depreciation and Amortization | 653 m | 226 m | 368 m | 551 m | 170 m | 334 m | 501 m | 167 m | 336 m | 502 m | 165 m | 334 m | 503 m | 171 m |
Cash From Operating Activities | 2.8 b | 1.7 b | 753 m | 2 b | 3.5 b | 1.5 b | 2.5 b | 3.9 b | 1.3 b | |||||
Cash From Investing Activities | (602 m) | (155 m) | (214 m) | (999 m) | (26 m) | (226 m) | (532 m) | (308 m) | ||||||
Dividends Paid | (811 m) | (287 m) | (568 m) | (841 m) | (294 m) | (584 m) | (869 m) | (322 m) | (640 m) | (954 m) | (316 m) | (632 m) | (948 m) | (317 m) |
Cash From Financing Activities | (3.5 b) | (1.1 b) | (1.2 b) | (1.4 b) | (2.4 b) | (1.5 b) | (2.1 b) | (2.3 b) | (1.9 b) | |||||
Free Cash Flow | 2.5 b | 1.6 b | 678 m | 1.8 b | 3.3 b | 1.4 b | 2.3 b | 3.6 b | 1.2 b |
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