Balance Sheet: Liabilities and Stockholders’ Equity

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

US$ in millions

	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013
Accounts payable	777)	527)	653)	574)	693)
Other accrued expenses	1,778)	1,878)	1,946)	2,173)	1,925)
Participations payable	2,737)	2,525)	2,422)	2,551)	2,302)
Programming costs payable	728)	776)	712)	722)	706)
Accrued compensation	1,192)	1,004)	957)	1,034)	1,224)
Accrued interest	251)	320)	341)	303)	313)
Accrued dividends	319)	—)	—)	—)	—)
Accrued income taxes	134)	162)	157)	150)	159)
Accounts payable and accrued liabilities	7,916)	7,192)	7,188)	7,507)	7,322)
Deferred revenue	711)	564)	616)	579)	995)
Debt due within one year	5,450)	1,947)	198)	1,118)	66)
Current liabilities	14,077)	9,703)	8,002)	9,204)	8,383)
Long-term debt, excluding due within one year	18,294)	22,392)	23,594)	21,376)	20,099)
Deferred income taxes	1,584)	2,678)	2,454)	2,204)	2,642)
Deferred revenue	468)	486)	352)	315)	482)
Noncurrent tax and interest reserves	1,703)	1,567)	1,535)	1,520)	2,561)
Participations payable	1,748)	1,780)	1,512)	1,076)	1,078)
Programming costs payable	728)	827)	816)	959)	1,076)
Noncurrent pension and post-retirement liabilities	1,058)	954)	908)	928)	733)
Deferred compensation	548)	491)	471)	491)	573)
Other noncurrent liabilities	590)	722)	556)	710)	463)
Other noncurrent liabilities	6,375)	6,341)	5,798)	5,684)	6,484)
Noncurrent liabilities	26,721)	31,897)	32,198)	29,579)	29,707)
Total liabilities	40,798)	41,600)	40,200)	38,783)	38,090)
Redeemable noncontrolling interest	35)	29)	29)	—)	—)
Common stock, $0.01 par value	17)	17)	17)	17)	17)
Additional paid-in capital	145,077)	146,780)	148,041)	149,282)	153,410)
Treasury stock, at cost	(47,074)	(47,497)	(45,612)	(42,445)	(37,630)
Accumulated other comprehensive loss, net	(1,437)	(1,510)	(1,446)	(1,164)	(852)
Accumulated deficit	(68,208)	(73,455)	(77,381)	(81,214)	(85,041)
Total Time Warner Inc. shareholders’ equity	28,375)	24,335)	23,619)	24,476)	29,904)
Noncontrolling interest	1)	2)	—)	—)	—)
Total equity	28,376)	24,337)	23,619)	24,476)	29,904)
Total liabilities and equity	69,209)	65,966)	63,848)	63,259)	67,994)

Based on: 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31).

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Balance sheet item	Description	The company
Current liabilities	Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.	Time Warner Inc. current liabilities increased from 2015 to 2016 and from 2016 to 2017.
Noncurrent liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Time Warner Inc. noncurrent liabilities decreased from 2015 to 2016 and from 2016 to 2017.
Total liabilities	Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.	Time Warner Inc. total liabilities increased from 2015 to 2016 but then slightly decreased from 2016 to 2017 not reaching 2015 level.
Total Time Warner Inc. shareholders’ equity	Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.	Time Warner Inc. total Time Warner Inc. shareholders’ equity increased from 2015 to 2016 and from 2016 to 2017.

Time Warner Inc. (NYSE:TWX)

Balance Sheet: Liabilities and Stockholders’ Equity