Analysis of Reportable Segments
Time Warner Inc. operates in 3 segments: Turner; Home Box Office; and Warner Bros..
Segment Profit Margin
Time Warner Inc., profit margin by reportable segment
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
|---|---|---|---|---|---|
| Turner | 37.16% | 38.47% | 38.57% | 28.41% | 34.92% |
| Home Box Office | 34.00% | 32.55% | 33.45% | 33.09% | 36.63% |
| Warner Bros. | 12.70% | 13.30% | 10.90% | 9.25% | 10.75% |
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).
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Turner | Turner segment profit margin ratio deteriorated from 2015 to 2016 and from 2016 to 2017. |
| Home Box Office | Home Box Office segment profit margin ratio deteriorated from 2015 to 2016 but then improved from 2016 to 2017 exceeding 2015 level. | |
| Warner Bros. | Warner Bros. segment profit margin ratio improved from 2015 to 2016 but then slightly deteriorated from 2016 to 2017. |
Segment Profit Margin: Turner
Time Warner Inc.; Turner; segment profit margin calculation
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Operating income (loss) | 4,489) | 4,372) | 4,087) | 2,954) | 3,486) |
| Revenues | 12,081) | 11,364) | 10,596) | 10,396) | 9,983) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 37.16% | 38.47% | 38.57% | 28.41% | 34.92% |
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).
1 2017 Calculation
Segment profit margin = 100 × Operating income (loss) ÷ Revenues
= 100 × 4,489 ÷ 12,081 = 37.16%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Turner | Turner segment profit margin ratio deteriorated from 2015 to 2016 and from 2016 to 2017. |
Segment Profit Margin: Home Box Office
Time Warner Inc.; Home Box Office; segment profit margin calculation
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Operating income (loss) | 2,152) | 1,917) | 1,878) | 1,786) | 1,791) |
| Revenues | 6,329) | 5,890) | 5,615) | 5,398) | 4,890) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 34.00% | 32.55% | 33.45% | 33.09% | 36.63% |
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).
1 2017 Calculation
Segment profit margin = 100 × Operating income (loss) ÷ Revenues
= 100 × 2,152 ÷ 6,329 = 34.00%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Home Box Office | Home Box Office segment profit margin ratio deteriorated from 2015 to 2016 but then improved from 2016 to 2017 exceeding 2015 level. |
Segment Profit Margin: Warner Bros.
Time Warner Inc.; Warner Bros.; segment profit margin calculation
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Operating income (loss) | 1,761) | 1,734) | 1,416) | 1,159) | 1,324) |
| Revenues | 13,866) | 13,037) | 12,992) | 12,526) | 12,312) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 12.70% | 13.30% | 10.90% | 9.25% | 10.75% |
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).
1 2017 Calculation
Segment profit margin = 100 × Operating income (loss) ÷ Revenues
= 100 × 1,761 ÷ 13,866 = 12.70%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Warner Bros. | Warner Bros. segment profit margin ratio improved from 2015 to 2016 but then slightly deteriorated from 2016 to 2017. |
Segment Return on Assets (Segment ROA)
Time Warner Inc., ROA by reportable segment
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
|---|---|---|---|---|---|
| Turner | 16.56% | 16.61% | 15.99% | 11.69% | 13.37% |
| Home Box Office | 14.56% | 13.10% | 13.12% | 12.88% | 13.09% |
| Warner Bros. | 7.93% | 8.05% | 6.84% | 5.64% | 6.60% |
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).
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Turner | Turner segment ROA improved from 2015 to 2016 but then slightly deteriorated from 2016 to 2017. |
| Home Box Office | Home Box Office segment ROA deteriorated from 2015 to 2016 but then improved from 2016 to 2017 exceeding 2015 level. | |
| Warner Bros. | Warner Bros. segment ROA improved from 2015 to 2016 but then slightly deteriorated from 2016 to 2017. |
Segment ROA: Turner
Time Warner Inc.; Turner; segment ROA calculation
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Operating income (loss) | 4,489) | 4,372) | 4,087) | 2,954) | 3,486) |
| Assets | 27,111) | 26,317) | 25,559) | 25,271) | 26,067) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 16.56% | 16.61% | 15.99% | 11.69% | 13.37% |
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).
1 2017 Calculation
Segment ROA = 100 × Operating income (loss) ÷ Assets
= 100 × 4,489 ÷ 27,111 = 16.56%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Turner | Turner segment ROA improved from 2015 to 2016 but then slightly deteriorated from 2016 to 2017. |
Segment ROA: Home Box Office
Time Warner Inc.; Home Box Office; segment ROA calculation
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Operating income (loss) | 2,152) | 1,917) | 1,878) | 1,786) | 1,791) |
| Assets | 14,777) | 14,636) | 14,314) | 13,869) | 13,687) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 14.56% | 13.10% | 13.12% | 12.88% | 13.09% |
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).
1 2017 Calculation
Segment ROA = 100 × Operating income (loss) ÷ Assets
= 100 × 2,152 ÷ 14,777 = 14.56%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Home Box Office | Home Box Office segment ROA deteriorated from 2015 to 2016 but then improved from 2016 to 2017 exceeding 2015 level. |
Segment ROA: Warner Bros.
Time Warner Inc.; Warner Bros.; segment ROA calculation
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Operating income (loss) | 1,761) | 1,734) | 1,416) | 1,159) | 1,324) |
| Assets | 22,193) | 21,550) | 20,699) | 20,559) | 20,066) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 7.93% | 8.05% | 6.84% | 5.64% | 6.60% |
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).
1 2017 Calculation
Segment ROA = 100 × Operating income (loss) ÷ Assets
= 100 × 1,761 ÷ 22,193 = 7.93%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Warner Bros. | Warner Bros. segment ROA improved from 2015 to 2016 but then slightly deteriorated from 2016 to 2017. |
Segment Asset Turnover
Time Warner Inc., asset turnover by reportable segment
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
|---|---|---|---|---|---|
| Turner | 0.45 | 0.43 | 0.41 | 0.41 | 0.38 |
| Home Box Office | 0.43 | 0.40 | 0.39 | 0.39 | 0.36 |
| Warner Bros. | 0.62 | 0.60 | 0.63 | 0.61 | 0.61 |
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).
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Turner | Turner segment asset turnover ratio improved from 2015 to 2016 and from 2016 to 2017. |
| Home Box Office | Home Box Office segment asset turnover ratio improved from 2015 to 2016 and from 2016 to 2017. | |
| Warner Bros. | Warner Bros. segment asset turnover ratio deteriorated from 2015 to 2016 but then improved from 2016 to 2017 not reaching 2015 level. |
Segment Asset Turnover: Turner
Time Warner Inc.; Turner; segment asset turnover calculation
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Revenues | 12,081) | 11,364) | 10,596) | 10,396) | 9,983) |
| Assets | 27,111) | 26,317) | 25,559) | 25,271) | 26,067) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 0.45 | 0.43 | 0.41 | 0.41 | 0.38 |
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).
1 2017 Calculation
Segment asset turnover = Revenues ÷ Assets
= 12,081 ÷ 27,111 = 0.45
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Turner | Turner segment asset turnover ratio improved from 2015 to 2016 and from 2016 to 2017. |
Segment Asset Turnover: Home Box Office
Time Warner Inc.; Home Box Office; segment asset turnover calculation
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Revenues | 6,329) | 5,890) | 5,615) | 5,398) | 4,890) |
| Assets | 14,777) | 14,636) | 14,314) | 13,869) | 13,687) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 0.43 | 0.40 | 0.39 | 0.39 | 0.36 |
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).
1 2017 Calculation
Segment asset turnover = Revenues ÷ Assets
= 6,329 ÷ 14,777 = 0.43
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Home Box Office | Home Box Office segment asset turnover ratio improved from 2015 to 2016 and from 2016 to 2017. |
Segment Asset Turnover: Warner Bros.
Time Warner Inc.; Warner Bros.; segment asset turnover calculation
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Revenues | 13,866) | 13,037) | 12,992) | 12,526) | 12,312) |
| Assets | 22,193) | 21,550) | 20,699) | 20,559) | 20,066) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 0.62 | 0.60 | 0.63 | 0.61 | 0.61 |
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).
1 2017 Calculation
Segment asset turnover = Revenues ÷ Assets
= 13,866 ÷ 22,193 = 0.62
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Warner Bros. | Warner Bros. segment asset turnover ratio deteriorated from 2015 to 2016 but then improved from 2016 to 2017 not reaching 2015 level. |
Segment Capital Expenditures to Depreciation
Time Warner Inc., capital expenditures to depreciation by reportable segment
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
|---|---|---|---|---|---|
| Turner | 1.11 | 1.03 | 0.81 | 0.83 | 0.91 |
| Home Box Office | 1.28 | 1.32 | 0.84 | 0.75 | 0.49 |
| Warner Bros. | 0.77 | 0.46 | 0.62 | 0.94 | 1.18 |
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).
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Turner | Turner segment capital expenditures to depreciation ratio improved from 2015 to 2016 and from 2016 to 2017. |
| Home Box Office | Home Box Office segment capital expenditures to depreciation ratio improved from 2015 to 2016 but then slightly deteriorated from 2016 to 2017. | |
| Warner Bros. | Warner Bros. segment capital expenditures to depreciation ratio deteriorated from 2015 to 2016 but then improved from 2016 to 2017 exceeding 2015 level. |
Segment Capital Expenditures to Depreciation: Turner
Time Warner Inc.; Turner; segment capital expenditures to depreciation calculation
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Capital expenditures | 225) | 196) | 157) | 173) | 210) |
| Depreciation of property, plant and equipment | 202) | 191) | 193) | 209) | 231) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 1.11 | 1.03 | 0.81 | 0.83 | 0.91 |
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).
1 2017 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation of property, plant and equipment
= 225 ÷ 202 = 1.11
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Turner | Turner segment capital expenditures to depreciation ratio improved from 2015 to 2016 and from 2016 to 2017. |
Segment Capital Expenditures to Depreciation: Home Box Office
Time Warner Inc.; Home Box Office; segment capital expenditures to depreciation calculation
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Capital expenditures | 111) | 98) | 68) | 58) | 45) |
| Depreciation of property, plant and equipment | 87) | 74) | 81) | 77) | 91) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 1.28 | 1.32 | 0.84 | 0.75 | 0.49 |
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).
1 2017 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation of property, plant and equipment
= 111 ÷ 87 = 1.28
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Home Box Office | Home Box Office segment capital expenditures to depreciation ratio improved from 2015 to 2016 but then slightly deteriorated from 2016 to 2017. |
Segment Capital Expenditures to Depreciation: Warner Bros.
Time Warner Inc.; Warner Bros.; segment capital expenditures to depreciation calculation
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Capital expenditures | 137) | 86) | 122) | 206) | 236) |
| Depreciation of property, plant and equipment | 179) | 188) | 197) | 218) | 200) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 0.77 | 0.46 | 0.62 | 0.94 | 1.18 |
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).
1 2017 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation of property, plant and equipment
= 137 ÷ 179 = 0.77
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Warner Bros. | Warner Bros. segment capital expenditures to depreciation ratio deteriorated from 2015 to 2016 but then improved from 2016 to 2017 exceeding 2015 level. |
Revenues
Time Warner Inc., revenues by reportable segment
US$ in millions
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
|---|---|---|---|---|---|
| Turner | 12,081) | 11,364) | 10,596) | 10,396) | 9,983) |
| Home Box Office | 6,329) | 5,890) | 5,615) | 5,398) | 4,890) |
| Warner Bros. | 13,866) | 13,037) | 12,992) | 12,526) | 12,312) |
| Time Inc. | —) | —) | —) | —) | 3,354) |
| Intersegment eliminations | (1,005) | (973) | (1,085) | (961) | (744) |
| Total | 31,271) | 29,318) | 28,118) | 27,359) | 29,795) |
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).
Depreciation of property, plant and equipment
Time Warner Inc., depreciation of property, plant and equipment by reportable segment
US$ in millions
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
|---|---|---|---|---|---|
| Turner | 202) | 191) | 193) | 209) | 231) |
| Home Box Office | 87) | 74) | 81) | 77) | 91) |
| Warner Bros. | 179) | 188) | 197) | 218) | 200) |
| Time Inc. | —) | —) | —) | —) | 85) |
| Corporate | 29) | 26) | 21) | 27) | 28) |
| Total | 497) | 479) | 492) | 531) | 635) |
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).
Operating income (loss)
Time Warner Inc., operating income (loss) by reportable segment
US$ in millions
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
|---|---|---|---|---|---|
| Turner | 4,489) | 4,372) | 4,087) | 2,954) | 3,486) |
| Home Box Office | 2,152) | 1,917) | 1,878) | 1,786) | 1,791) |
| Warner Bros. | 1,761) | 1,734) | 1,416) | 1,159) | 1,324) |
| Time Inc. | —) | —) | —) | —) | 337) |
| Corporate | (430) | (498) | (367) | (73) | (394) |
| Intersegment eliminations | (52) | 22) | (149) | 149) | 61) |
| Total | 7,920) | 7,547) | 6,865) | 5,975) | 6,605) |
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).
Assets
Time Warner Inc., assets by reportable segment
US$ in millions
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
|---|---|---|---|---|---|
| Turner | 27,111) | 26,317) | 25,559) | 25,271) | 26,067) |
| Home Box Office | 14,777) | 14,636) | 14,314) | 13,869) | 13,687) |
| Warner Bros. | 22,193) | 21,550) | 20,699) | 20,559) | 20,066) |
| Time Inc. | —) | —) | —) | —) | 5,667) |
| Corporate | 5,128) | 3,463) | 3,276) | 3,560) | 2,507) |
| Total | 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).
Capital expenditures
Time Warner Inc., capital expenditures by reportable segment
US$ in millions
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
|---|---|---|---|---|---|
| Turner | 225) | 196) | 157) | 173) | 210) |
| Home Box Office | 111) | 98) | 68) | 58) | 45) |
| Warner Bros. | 137) | 86) | 122) | 206) | 236) |
| Time Inc. | —) | —) | —) | —) | 34) |
| Corporate | 183) | 52) | 76) | 37) | 77) |
| Total | 656) | 432) | 423) | 474) | 602) |
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).