| Income Statement for Time Warner Inc. (TWX) | | | | After Hours: $ 11.24 |  0.01 (+0.09%) | Volume: 348.47 k | 5:39 PM EDT Oct 6, 2008 | | | | | | | Income | in Millions of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Operating Revenue | 46,482 | 44,224 | 43,652 | 42,089 | 38,076 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | (17,612) | (18,827) | (18,882) | (18,943) | (18,201) | | Gross Operating Profit | 28,870 | 25,397 | 24,770 | 23,146 | 19,875 | | | Selling/General/Admin Expense | (9,653) | (10,560) | (10,478) | (10,300) | (9,862) | | Research & Development | - | - | - | - | - | | EBITDA | 19,217 | 14,837 | 14,292 | 12,846 | 10,013 | | Depreciation & Amortization | (10,488) | (6,953) | (6,790) | (6,132) | (5,724) | | EBIT | 8,729 | 7,884 | 7,502 | 6,714 | 4,289 | | Interest Income | 210 | 296 | - | 221 | - | | Other Income, Net | 848 | 1,817 | (1,742) | 542 | 2,699 | | Total Income Avail For Interest Expense | 9,304 | 8,797 | 5,643 | 6,907 | 6,575 | | Interest Expense | (2,509) | (1,971) | (1,266) | (1,754) | (1,844) | | Pre-Tax Income | 6,795 | 6,826 | 4,377 | 5,153 | 4,731 | | Income Taxes | (2,336) | (1,337) | (1,187) | (1,698) | (1,371) | | Minority Interest | (408) | (375) | (285) | (246) | (214) | | Net Income from Continuing Operations | 4,051 | 5,114 | 2,905 | 3,209 | 3,146 | | Net Income from Discontinued Operations | 336 | 1,413 | - | 121 | (495) | | Net Income from Total Operations | 4,387 | 6,527 | 2,905 | 3,330 | 2,651 | | | Normalized Income | 4,520 | 6,432 | 3,022 | 3,779 | 3,559 | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | (469) | (1,318) | (117) | (570) | (413) | | Income from Cum. Effect of Acct Change | - | 25 | - | 34 | (12) | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | 4,387 | 6,552 | 2,905 | 3,364 | 2,639 | | | Results | in Dollars (Preferred Dividends in Millions) | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Dividends Paid Per Share | 0.24 | 0.21 | 0.10 | 0.00 | 0.00 | | Preferred Dividends | - | - | - | - | - | | | Basic EPS from Continuing Operations | 1.09 | 1.22 | 0.62 | 0.70 | 0.70 | | Basic EPS from Discontinued Operations | 0.09 | 0.34 | 0.00 | 0.03 | -0.11 | | Basic EPS from Total Operations | 1.18 | 1.56 | 0.62 | 0.73 | 0.59 | | | Diluted EPS from Continuing Operations | 1.08 | 1.21 | 0.62 | 0.68 | 0.68 | | Diluted EPS from Discontinued Operations | 0.09 | 0.33 | 0.00 | 0.03 | -0.11 | | Diluted EPS from Total Operations | 1.17 | 1.54 | 0.62 | 0.71 | 0.57 | | | |
