TIME WARNER CABLE INC. | 2013 | FY | 3


Consolidating Statement of Operations for the Year Ended December 31, 2013
                      
            Non-    
        Parent Guarantor Guarantor   TWC
        Company Subsidiary Subsidiaries Eliminations Consolidated
Revenue$ — $ — $ 22,120 $ — $ 22,120
Costs and expenses:              
 Cost of revenue  —   —   10,342   —   10,342
 Selling, general and administrative  —   —   3,798   —   3,798
 Depreciation  —   —   3,155   —   3,155
 Amortization  —   —   126   —   126
 Merger-related and restructuring costs  —   3   116   —   119
Total costs and expenses  —   3   17,537   —   17,540
Operating Income (Loss)  —   (3)   4,583   —   4,580
Equity in pretax income of consolidated              
 subsidiaries  3,273   3,659   —   (6,932)   —
Interest expense, net  (235)   (501)   (816)   —   (1,552)
Other income (expense), net  1   (5)   15   —   11
Income before income taxes  3,039   3,150   3,782   (6,932)   3,039
Income tax provision  (1,085)   (1,139)   (973)   2,112   (1,085)
Net income  1,954   2,011   2,809   (4,820)   1,954
Less: Net income attributable to noncontrolling              
 interests  —   —   —   —   —
Net income attributable to TWC shareholders$ 1,954 $ 2,011 $ 2,809 $ (4,820) $ 1,954

Consolidating Statement of Operations for the Year Ended December 31, 2012
 
            Non-    
        Parent Guarantor Guarantor   TWC
        Company Subsidiary Subsidiaries Eliminations Consolidated
                      
        (recast)
Revenue$ — $ — $ 21,386 $ — $ 21,386
Costs and expenses:              
 Cost of revenue  —   —   9,942   —   9,942
 Selling, general and administrative  —   —   3,620   —   3,620
 Depreciation  —   —   3,154   —   3,154
 Amortization  —   —   110   —   110
 Merger-related and restructuring costs  24   —   91   —   115
Total costs and expenses  24   —   16,917   —   16,941
Operating Income (Loss)  (24)   —   4,469   —   4,445
Equity in pretax income of consolidated              
 subsidiaries  3,663   3,484   —   (7,147)   —
Interest expense, net  (309)   (307)   (990)   —   (1,606)
Other income, net  —   480   17   —   497
Income before income taxes  3,330   3,657   3,496   (7,147)   3,336
Income tax provision  (1,175)   (1,315)   (948)   2,261   (1,177)
Net income  2,155   2,342   2,548   (4,886)   2,159
Less: Net income attributable to noncontrolling              
 interests  —   —   (4)   —   (4)
Net income attributable to TWC shareholders$ 2,155 $ 2,342 $ 2,544 $ (4,886) $ 2,155

Consolidating Statement of Operations for the Year Ended December 31, 2011
 
            Non-    
        Parent Guarantor Guarantor   TWC
        Company Subsidiary Subsidiaries Eliminations Consolidated
                      
        (recast)
Revenue$ — $ — $ 19,675 $ — $ 19,675
Costs and expenses:              
 Cost of revenue  —   —   9,138   —   9,138
 Selling, general and administrative  —   —   3,311   —   3,311
 Depreciation  —   —   2,994   —   2,994
 Amortization  —   —   33   —   33
 Merger-related and restructuring costs  9   —   61   —   70
 Asset impairments  —   16   44   —   60
Total costs and expenses  9   16   15,581   —   15,606
Operating Income (Loss)  (9)   (16)   4,094   —   4,069
Equity in pretax income of consolidated              
 subsidiaries  2,789   3,289   —   (6,078)   —
Interest expense, net  (324)   (380)   (814)   —   (1,518)
Other income (expense), net  2   (107)   16   —   (89)
Income before income taxes  2,458   2,786   3,296   (6,078)   2,462
Income tax provision  (793)   (892)   (871)   1,761   (795)
Net income  1,665   1,894   2,425   (4,317)   1,667
Less: Net income attributable to noncontrolling              
 interests  —   —   (2)   —   (2)
Net income attributable to TWC shareholders$ 1,665 $ 1,894 $ 2,423 $ (4,317) $ 1,665

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