0001193125-14-205796.txt : 20140520 0001193125-14-205796.hdr.sgml : 20140520 20140520085037 ACCESSION NUMBER: 0001193125-14-205796 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20140520 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20140520 DATE AS OF CHANGE: 20140520 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TIME WARNER INC. CENTRAL INDEX KEY: 0001105705 STANDARD INDUSTRIAL CLASSIFICATION: CABLE & OTHER PAY TELEVISION SERVICES [4841] IRS NUMBER: 134099534 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-15062 FILM NUMBER: 14856466 BUSINESS ADDRESS: STREET 1: ONE TIME WARNER CENTER CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 2124848000 MAIL ADDRESS: STREET 1: ONE TIME WARNER CENTER CITY: NEW YORK STATE: NY ZIP: 10019 FORMER COMPANY: FORMER CONFORMED NAME: TIME WARNER INC DATE OF NAME CHANGE: 20031015 FORMER COMPANY: FORMER CONFORMED NAME: AOL TIME WARNER INC DATE OF NAME CHANGE: 20000208 8-K 1 d729924d8k.htm 8-K 8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): May 20, 2014

TIME WARNER INC.

(Exact Name of Registrant as Specified in its Charter)

 

Delaware

  

1-15062

  

13-4099534

(State or Other Jurisdiction of

Incorporation)

   (Commission File Number)  

(IRS Employer

Identification No.)

One Time Warner Center, New York, New York 10019

(Address of Principal Executive Offices) (Zip Code)

212-484-8000

(Registrant’s Telephone Number, Including Area Code)

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):

 

[    ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

[    ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

[    ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

[    ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01.    Other Events.

Time Warner Inc. is filing this Current Report on Form 8-K to file the computation of its ratio of earnings to fixed charges for the three months ended March 31, 2014 and each of the five years from 2009 through 2013 as an exhibit that is incorporated by reference into its Registration Statement on Form S-3 (File No. 333-186798).

Item 9.01.    Financial Statements and Exhibits.

 

Exhibit

   

Description

12.1    Computation of ratio of earnings to fixed charges.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

TIME WARNER INC.

By:

  

/s/ Howard M. Averill

 

Name:   Howard M. Averill

 

Title:     Executive Vice President and

              Chief Financial Officer

Date: May 20, 2014

EXHIBIT INDEX

 

Exhibit

   

Description

12.1    Computation of ratio of earnings to fixed charges.
 EX-12.1 2 d729924dex121.htm EX-12.1 EX-12.1

EXHIBIT 12.1

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Dollars in millions)

 

                                                                             
     Three Months
Ended
March 31,
2014		     Year Ended December 31,  
       2013     2012     2011     2010     2009  

Earnings(1):

                                     

Net Income from continuing operations before income taxes, discontinued operations and cumulative effect of accounting change

    $ 1,692      $ 5,343      $ 4,553      $ 4,459      $ 4,038      $ 3,310   

Interest expense(2)(3)

      329        1,287        1,363        1,324        1,279        1,523   

Amortization of capitalized interest

      —          1        1        1        1        2   

Portion of rents representative of an interest factor(4)

      42        147        164        148        140        178   

Adjustment for equity earnings or losses of investee companies that are 50% or less owned on a voting basis, net of cash distributions

      41        226        188        86        (29 )      48   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total earnings

    $ 2,104      $ 7,004      $ 6,269      $ 6,018      $ 5,429      $ 5,061   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
            

Fixed Charges(1):

                                     

Interest expense(2)(3)

    $ 329      $ 1,287      $ 1,363      $ 1,324      $ 1,279      $ 1,523   

Capitalized interest

      2        6        5        4        2        1   

Portion of rents representative of an interest factor(4)

      42        147        164        148        140        178   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total fixed charges

    $ 373      $ 1,440      $ 1,532      $ 1,476      $ 1,421      $ 1,702   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ratio of earnings to fixed charges

      5.6 x      4.9 x      4.1 x      4.1 x      3.8 x      3.0 x 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

(1) Earnings and fixed charges include 100% of amounts related to unconsolidated subsidiaries for which the Company holds more than 50% of the voting interests.
(2) Interest expense excludes accrued interest on uncertain tax positions that is included in income tax expense.
(3) For the three months ended March 31, 2014 and the year ended December 31, 2013, 2012, 2011, 2010, and 2009, amounts include $0 million, $0 million, $0 million, $0 million, $0 million, and $218 million, respectively, related to discontinued operations.
(4) For the three months ended March 31, 2014 and the year ended December 31, 2013, 2012, 2011, 2010, and 2009, amounts include $0 million, $0 million, $0 million, $0 million, $0 million, and $29 million, respectively, related to discontinued operations.