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Warner Media, LLC – ‘10-Q’ for 6/30/17 – ‘R24’

On:  Wednesday, 8/2/17, at 11:41am ET   ·   For:  6/30/17   ·   Accession #:  1193125-17-245363   ·   File #:  1-15062

Previous ‘10-Q’:  ‘10-Q’ on 5/3/17 for 3/31/17   ·   Next:  ‘10-Q’ on 10/26/17 for 9/30/17   ·   Latest:  ‘10-Q’ on 4/26/18 for 3/31/18

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 8/02/17  Warner Media, LLC                 10-Q        6/30/17   76:10M                                    Donnelley … Solutions/FA

Quarterly Report   —   Form 10-Q   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML    881K 
 2: EX-31.1     Certification -- §302 - SOA'02                      HTML     26K 
 3: EX-31.2     Certification -- §302 - SOA'02                      HTML     26K 
 4: EX-32       Certification -- §906 - SOA'02                      HTML     22K 
11: R1          Document and Entity Information                     HTML     42K 
12: R2          Consolidated Balance Sheet                          HTML    117K 
13: R3          Consolidated Balance Sheet (Parenthetical)          HTML     35K 
14: R4          Consolidated Statement Of Operations                HTML    116K 
15: R5          Consolidated Statement Of Comprehensive Income      HTML     70K 
16: R6          Consolidated Statement Of Cash Flows                HTML    108K 
17: R7          Consolidated Statement Of Equity                    HTML     47K 
18: R8          Consolidated Statement Of Equity Consolidated       HTML     25K 
                Statement of Equity (Parenthetical)                              
19: R9          Description of Business and Basis of Presentation   HTML     56K 
20: R10         Merger Agreement with AT&T                          HTML     27K 
21: R11         Business Dispositions and Acquisitions              HTML     24K 
22: R12         Investments                                         HTML     38K 
23: R13         Fair Value Measurement                              HTML    145K 
24: R14         Inventories and Theatrical Film and Television      HTML     53K 
                Production Costs                                                 
25: R15         Derivative Instruments and Hedging Activities       HTML     62K 
26: R16         Shareholders' Equity                                HTML    119K 
27: R17         Income Per Common Share                             HTML     57K 
28: R18         Equity-Based Compensation                           HTML     58K 
29: R19         Benefit Plans                                       HTML     49K 
30: R20         Restructuring and Severance Costs                   HTML     73K 
31: R21         Segment Information                                 HTML    100K 
32: R22         Commitments and Contingencies                       HTML     39K 
33: R23         Related Party Transactions                          HTML     41K 
34: R24         Additional Financial Information                    HTML    101K 
35: R25         Supplementary Information - Condensed               HTML    797K 
                Consolidating Financial Statements                               
36: R26         Description of Business and Basis of Presentation   HTML     70K 
                (Policies)                                                       
37: R27         Fair Value Measurement (Tables)                     HTML    142K 
38: R28         Inventories and Theatrical Film and Television      HTML     52K 
                Production Costs (Tables)                                        
39: R29         Derivative Instruments and Hedging Activities       HTML     48K 
                (Tables)                                                         
40: R30         Shareholders' Equity (Tables)                       HTML    127K 
41: R31         Income Per Common Share (Tables)                    HTML     56K 
42: R32         Equity-Based Compensation (Tables)                  HTML     59K 
43: R33         Benefit Plans (Tables)                              HTML     48K 
44: R34         Restructuring and Severance Costs (Tables)          HTML     74K 
45: R35         Segment Information (Tables)                        HTML     94K 
46: R36         Related Party Transactions (Tables)                 HTML     37K 
47: R37         Additional Financial Information (Tables)           HTML    105K 
48: R38         Description of Business and Basis of Presentation   HTML     40K 
                1 (Details)                                                      
49: R39         Description of Business and Basis of Presentation   HTML     27K 
                2 (Details)                                                      
50: R40         Merger Agreement with AT&T (Details)                HTML     32K 
51: R41         Business Dispositions and Acquisitions -            HTML     33K 
                Dispositions (Details)                                           
52: R42         Investments 1 (Details)                             HTML     67K 
53: R43         Investments 2 (Details)                             HTML     28K 
54: R44         Investments 3 (Details)                             HTML     35K 
55: R45         Investments 4 (Details)                             HTML     28K 
56: R46         Fair Value Measurement (Details)                    HTML    151K 
57: R47         Inventories and Theatrical Film and Television      HTML     65K 
                Production Costs (Details)                                       
58: R48         Derivative Instruments and Hedging Activities       HTML     77K 
                (Details)                                                        
59: R49         Shareholders' Equity (Details)                      HTML    104K 
60: R50         Income Per Common Share (Details)                   HTML     51K 
61: R51         Equity-Based Compensation (Details)                 HTML     80K 
62: R52         Benefit Plans (Details)                             HTML     39K 
63: R53         Restructuring and Severance Costs (Details)         HTML     40K 
64: R54         Restructuring and Severance Costs (Accrued          HTML     49K 
                Restructuring and Severance Costs) (Details)                     
65: R55         Segment Information (Details)                       HTML     51K 
66: R56         Commitments and Contingencies - Six Flags           HTML     31K 
                (Details)                                                        
67: R57         Commitments and Contingencies - Contingencies       HTML     26K 
                (Details)                                                        
68: R58         Commitments and Contingencies - Tax Uncertainties   HTML     35K 
                (Details)                                                        
69: R59         Related Party Transactions (Details)                HTML     36K 
70: R60         Additional Financial Information (Details)          HTML    113K 
71: R61         Supplementary Information - Condensed               HTML    166K 
                Consolidating Financial Statements - Balance Sheet               
                (Details)                                                        
72: R62         Supplementary Information - Condensed               HTML    126K 
                Consolidating Financial Statements - Statement of                
                Operations (Details)                                             
73: R63         Supplementary Information - Condensed               HTML    192K 
                Consolidating Financial Statements - Statement of                
                Cash Flows (Details)                                             
75: XML         IDEA XML File -- Filing Summary                      XML    138K 
74: EXCEL       IDEA Workbook of Financial Reports                  XLSX     99K 
 5: EX-101.INS  XBRL Instance -- twx-20170630                        XML   3.87M 
 7: EX-101.CAL  XBRL Calculations -- twx-20170630_cal                XML    299K 
 8: EX-101.DEF  XBRL Definitions -- twx-20170630_def                 XML    659K 
 9: EX-101.LAB  XBRL Labels -- twx-20170630_lab                      XML   1.76M 
10: EX-101.PRE  XBRL Presentations -- twx-20170630_pre               XML   1.08M 
 6: EX-101.SCH  XBRL Schema -- twx-20170630                          XSD    169K 
76: ZIP         XBRL Zipped Folder -- 0001193125-17-245363-xbrl      Zip    299K

‘R24’   —   Additional Financial Information

This is an IDEA Financial Report.  [ Alternative Formats ]

 
v3.7.0.1
Additional Financial Information
 6 Months Ended
Additional Financial Information [Abstract]  
ADDITIONAL FINANCIAL INFORMATION
ADDITIONAL FINANCIAL INFORMATION
Additional financial information with respect to cash payments and receipts, Interest expense, net, Other income (loss), net, Accounts payable and accrued liabilities and Other noncurrent liabilities is as follows (millions):
 
Six Months Ended June 30,
 
2017
 
2016
Cash Flows
 
 
 
Cash payments made for interest
$
(543
)
 
$
(676
)
Interest income received
38

 
82

Cash interest payments, net
$
(505
)
 
$
(594
)
 
 
 
 
Cash payments made for income taxes
$
(810
)
 
$
(686
)
Income tax refunds received
19

 
18

Cash tax payments, net
$
(791
)
 
$
(668
)

 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2017
 
2016
 
2017
 
2016
Interest Expense, Net
 
 
 
 
 
 
 
Interest income
$
57

 
$
56

 
$
106

 
$
119

Interest expense
(306
)
 
(348
)
 
(614
)
 
(695
)
Total interest expense, net
$
(249
)
 
$
(292
)
 
$
(508
)
 
$
(576
)

 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2017
 
2016
 
2017
 
2016
Other Income (Loss), Net
 
 
 
 
 
 
 
Investment gains, net
$
96

 
$
47

 
$
255

 
$
36

Loss on equity method investees
(19
)
 
(168
)
 
(95
)
 
(202
)
Other
(6
)
 
(10
)
 
(13
)
 
(5
)
Total other income (loss), net
$
71

 
$
(131
)
 
$
147

 
$
(171
)
 
 
 
Accounts Payable and Accrued Liabilities
 
 
 
Accounts payable
$
534

 
$
527

Other accrued expenses
1,442

 
1,878

Participations payable
2,601

 
2,525

Programming costs payable
837

 
776

Accrued compensation
799

 
1,004

Accrued interest
352

 
320

Accrued dividends
316

 
—

Accrued income taxes
150

 
162

Total accounts payable and accrued liabilities
$
7,031

 
$
7,192


 
 
Other Noncurrent Liabilities
 
 
 
Noncurrent tax and interest reserves
$
1,642

 
$
1,567

Participations payable
1,805

 
1,780

Programming costs payable
702

 
827

Noncurrent pension and post-retirement liabilities
1,005

 
954

Deferred compensation
494

 
491

Other noncurrent liabilities
649

 
722

Total other noncurrent liabilities
$
6,297

 
$
6,341


Accounting for Collaborative Arrangements
The Company’s collaborative arrangements primarily relate to arrangements entered into with third parties to jointly finance and distribute theatrical productions and an arrangement entered into with CBS Broadcasting, Inc. (“CBS”) and The National Collegiate Athletic Association (the “NCAA”).
For the Company’s collaborative arrangements entered into with third parties to jointly finance and distribute theatrical productions, net participation costs of $43 million and $45 million were recorded in Costs of revenues for the three months ended June 30, 2017 and 2016, respectively, and $136 million and $118 million were recorded in Costs of revenues for the six months ended June 30, 2017 and 2016, respectively.
The arrangement among Turner, CBS and the NCAA provides Turner and CBS with rights to the NCAA Division I Men’s Basketball Championship Tournament (the “NCAA Tournament”) in the United States and its territories and possessions through 2032. The aggregate rights fee, production costs, advertising revenues and sponsorship revenues related to the NCAA Tournament and related programming are shared by Turner and CBS. However, if the amount paid for the rights fee and production costs, in any given year, exceeds advertising and sponsorship revenues for that year, CBS’ share of such shortfall is limited to specified annual amounts, ranging from approximately $30 million to $45 million.

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-Q’ Filing    Date    Other Filings
Filed on:8/2/174,  8-K
For Period end:6/30/17
12/31/1610-K,  11-K,  5
6/30/1610-Q
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Filing Submission 0001193125-17-245363   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)
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