Time Inc

Time Inc. is one of the world’s most influential media networks that opens experiences to people and your brands like never before, spanning stories, passions and mediums for a more powerful impact. It is home to 100 iconic brands like People, Sports Illustrated, Time, InStyle, Real Simple, Food & Wine, and Fortune, as well as more than 50 diverse brands in the United Kingdom such as Decanter, Horse & Hound and Wallpaper. It hosts the world’s most anticipated annual events - the TIME 100, Sports Illustrated Sportsman of the Year, the Fortune Most Powerful Women Summit, the Essence Festival, and the Food & Wine Classic in Aspen, all attended by hundreds of thousands of VIPs, journalists and influencers.

Revenue(FY, 2016)

$3.1 B

Type

Subsidiary

Parent Company

Meredith

New York, US

Founded

1922

Website

timeinc.com

Time Inc was founded in 1922 and is headquartered in New York, US

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Key People/Management at Time Inc

Rich Battista

President and Chief Executive Officer

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Time Inc Office Locations

Time Inc has offices in Hong Kong, Farnborough, New York, Parsippany-Troy Hills and in 24 other locations

New York, US (HQ)

225 Liberty St

Birmingham, US

2100 Lakeshore Dr

Chicago, US

303 E Ohio St

Los Angeles, US

1700 11766 Wilshire Blvd

Menlo Park, US

80 Willow Rd

New York, US

1271 Ave of the Americas

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Time Inc Financials and Metrics

Summary Metrics

Founding Date	1922

Time Inc is a subsidiary of Meredith

Time Inc Financials

Time Inc's revenue was reported to be $3.08 b in FY, 2016 which is a 0.9% decrease from the previous period.

Income Statement

Annual

USD	FY, 2014	FY, 2015	FY, 2016
Revenue	3.3 b	3.1 b	3.1 b
Revenue growth, %		(5%)	(1%)
Sales and marketing expense	1.8 b		1.7 b
General and administrative expense	1.6 b		1.4 b

Quarterly

USD	Q2, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017
Revenue	820 m	680 m	773 m	773 m	690 m	769 m	750 m	636 m	694 m	679 m
Sales and marketing expense	461 m	353 m	420 m	398 m	360 m	426 m	417 m	331 m	374 m
General and administrative expense	408 m	380 m	383 m	383 m	377 m	369 m	339 m	344 m	326 m
Operating expense total	869 m	733 m	803 m	781 m	737 m	795 m	756 m	675 m	700 m

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Balance Sheet

Annual

USD	FY, 2015	FY, 2016
Cash	651 m	296 m
Inventories	187 m	110 m
Current Assets	1.4 b	1 b
PP&E	267 m	304 m

Quarterly

USD	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017
Cash	338 m	265 m	340 m	320 m	244 m	241 m	269 m	332 m
Inventories								125 m
Current Assets	1.1 b	1 b	1.1 b	1 b	938 m	870 m	846 m	895 m
PP&E	394 m	439 m	286 m	300 m	296 m	311 m	315 m

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Cash Flow

Annual

USD	FY, 2014	FY, 2016
Net Income	87 m	(48 m)
Depreciation and Amortization	78 m	83 m
Inventories		3 m
Accounts Payable	452.1 k	(72 m)

Quarterly

USD	Q2, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017
Net Income	(32 m)	(9 m)	24 m	(913 m)	(10 m)	8 m	(104.4 m)	(28 m)	(72 m)	13 m
Depreciation and Amortization	(20 m)	19 m	20 m	21 m	21 m	68 m	104 m	33 m	67 m
Inventories						2 m	(4 m)	1 m	4 m	125 m
Accounts Payable						(178 m)	(110 m)	(93 m)	(105 m)