XML 19 R50.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidating Financial Statements (Details) (USD $)
1 Months Ended 3 Months Ended
Apr. 30, 2013
Mar. 31, 2013
Mar. 31, 2012
Dec. 31, 2012
Condensed Consolidating Statement Of Operations [Abstract]        
Revenues   $ 4,040,000,000 $ 3,796,000,000  
Expenses:        
Operating   2,474,000,000 2,347,000,000  
Selling, general and administrative   650,000,000 642,000,000  
Impairment charges   0 11,000,000  
Depreciation and amortization   116,000,000 119,000,000  
Total expenses   3,240,000,000 3,119,000,000  
Operating Income (Loss)   800,000,000 677,000,000  
Interest (expense) income, net   (93,000,000) (108,000,000)  
Gain on early extinguishment of debt   0 25,000,000  
Other items, net   (2,000,000) 5,000,000  
Earnings (loss) from continuing operations before income taxes and equity in earnings (loss) of investee companies   705,000,000 599,000,000  
(Provision) benefit for income taxes   (234,000,000) (201,000,000)  
Equity in earnings (loss) of investee companies, net of tax   (8,000,000) (4,000,000)  
Net earnings (loss) from continuing operations   463,000,000 394,000,000  
Net loss from discontinued operations, net of tax   (20,000,000) (31,000,000)  
Net earnings   443,000,000 363,000,000  
Comprehensive income (loss)   446,000,000 382,000,000  
ASSETS        
Cash and cash equivalents   409,000,000 794,000,000  
Receivables, net   3,130,000,000   3,137,000,000
Programming and other inventory (Note 5)   569,000,000   859,000,000
Prepaid expenses and other current assets   1,151,000,000   1,016,000,000
Total current assets   5,259,000,000   5,720,000,000
Property and equipment   4,970,000,000   4,988,000,000
Less accumulated depreciation and amortization   2,755,000,000   2,717,000,000
Net property and equipment   2,215,000,000   2,271,000,000
Programming and other inventory (Note 5)   1,571,000,000   1,582,000,000
Goodwill   8,568,000,000   8,567,000,000
Intangible assets (Note 3)   6,494,000,000   6,515,000,000
Investments in consolidated subsidiaries   0   0
Other assets   2,004,000,000   1,811,000,000
Intercompany   0   0
Total Assets   26,111,000,000   26,466,000,000
LIABILITIES AND STOCKHOLDERS' EQUITY        
Accounts payable   232,000,000   386,000,000
Participants' share and royalties payable   856,000,000   953,000,000
Program rights   670,000,000   455,000,000
Commercial paper   550,000,000   0
Current portion of long-term debt (Note 7)   16,000,000   18,000,000
Accrued expenses and other current liabilities   2,116,000,000   2,129,000,000
Total current liabilities   4,440,000,000   3,941,000,000
Long-term debt   5,901,000,000   5,904,000,000
Other liabilities   6,376,000,000   6,408,000,000
Intercompany   0   0
Stockholders' Equity        
Preferred Stock   0   0
Common stock   1,000,000   1,000,000
Additional paid-in capital   43,215,000,000   43,424,000,000
Retained earnings (deficit)   (26,326,000,000)   (26,769,000,000)
Accumulated other comprehensive income (loss)   (566,000,000)   (569,000,000)
Stockholders' equity including treasury stock   16,324,000,000   16,087,000,000
Less treasury stock, at cost   6,930,000,000   5,874,000,000
Total stockholders' equity   9,394,000,000   10,213,000,000
Total Liabilities and Stockholders' Equity   26,111,000,000   26,466,000,000
Condensed Consolidating Statement Of Cash Flows [Abstract]        
Net cash flow provided by (used for) operating activities   587,000,000 646,000,000  
Investing Activities:        
Acquisitions, net of cash acquired   (9,000,000) (69,000,000)  
Capital expenditures   (34,000,000) (35,000,000)  
Investments in and advances to investee companies   (30,000,000) (34,000,000)  
Proceeds from sale of investments   12,000,000 4,000,000  
Proceeds from dispositions   11,000,000 0  
Other investing activities   0 (2,000,000)  
Net cash flow provided by (used for) investing activities from continuing operation   (50,000,000) (136,000,000)  
Net cash flow provided by (used for) investing activities from discontinued operations   (4,000,000) (4,000,000)  
Net cash flow provided by (used for) investing activities   (54,000,000) (140,000,000)  
Financing Activities:        
Proceeds from short-term debt borrowings, net   550,000,000 0  
Proceeds from issuance of notes   0 690,000,000  
Repayment of notes   0 (700,000,000)  
Payment of capital lease obligations   (4,000,000) (5,000,000)  
Payment of contingent consideration   (30,000,000) (33,000,000)  
Dividends (74,000,000) (81,000,000) (69,000,000)  
Purchase of company common stock   (1,289,000,000) (260,000,000)  
Payment of payroll taxes in lieu of issuing shares for stock-based compensation   (117,000,000) (87,000,000)  
Proceeds from exercise of stock options   58,000,000 36,000,000  
Excess tax benefit from stock-based compensation   85,000,000 56,000,000  
Other financing activities   (4,000,000) 0  
Increase (decrease) in intercompany payables   0 0  
Net cash flow provided by (used for) financing activities   (832,000,000) (372,000,000)  
Net increase (decrease) in cash and cash equivalents   (299,000,000) 134,000,000  
Cash and cash equivalents at beginning of period 409,000,000 708,000,000 660,000,000  
Cash and cash equivalents at end of period   409,000,000 794,000,000  
CBS Corp. [Member]
       
Condensed Consolidating Statement Of Operations [Abstract]        
Revenues   35,000,000 32,000,000  
Expenses:        
Operating   17,000,000 18,000,000  
Selling, general and administrative   17,000,000 22,000,000  
Impairment charges     0  
Depreciation and amortization   2,000,000 1,000,000  
Total expenses   36,000,000 41,000,000  
Operating Income (Loss)   (1,000,000) (9,000,000)  
Interest (expense) income, net   (115,000,000) (129,000,000)  
Gain on early extinguishment of debt     25,000,000  
Other items, net   (1,000,000) 1,000,000  
Earnings (loss) from continuing operations before income taxes and equity in earnings (loss) of investee companies   (117,000,000) (112,000,000)  
(Provision) benefit for income taxes   40,000,000 38,000,000  
Equity in earnings (loss) of investee companies, net of tax   520,000,000 437,000,000  
Net earnings (loss) from continuing operations   443,000,000 363,000,000  
Net loss from discontinued operations, net of tax   0 0  
Net earnings   443,000,000 363,000,000  
Comprehensive income (loss)   446,000,000 382,000,000  
ASSETS        
Cash and cash equivalents   46,000,000 429,000,000  
Receivables, net   25,000,000   31,000,000
Programming and other inventory (Note 5)   4,000,000   5,000,000
Prepaid expenses and other current assets   110,000,000   142,000,000
Total current assets   185,000,000   432,000,000
Property and equipment   36,000,000   39,000,000
Less accumulated depreciation and amortization   7,000,000   8,000,000
Net property and equipment   29,000,000   31,000,000
Programming and other inventory (Note 5)   2,000,000   3,000,000
Goodwill   98,000,000   98,000,000
Intangible assets (Note 3)   0   0
Investments in consolidated subsidiaries   39,172,000,000   38,658,000,000
Other assets   159,000,000   171,000,000
Intercompany   0   0
Total Assets   39,645,000,000   39,393,000,000
LIABILITIES AND STOCKHOLDERS' EQUITY        
Accounts payable   1,000,000   2,000,000
Participants' share and royalties payable   0   0
Program rights   5,000,000   6,000,000
Commercial paper   550,000,000    
Current portion of long-term debt (Note 7)   5,000,000   5,000,000
Accrued expenses and other current liabilities   401,000,000   345,000,000
Total current liabilities   962,000,000   358,000,000
Long-term debt   5,792,000,000   5,793,000,000
Other liabilities   3,214,000,000   3,252,000,000
Intercompany   20,283,000,000   19,777,000,000
Stockholders' Equity        
Preferred Stock   0   0
Common stock   1,000,000   1,000,000
Additional paid-in capital   43,215,000,000   43,424,000,000
Retained earnings (deficit)   (26,326,000,000)   (26,769,000,000)
Accumulated other comprehensive income (loss)   (566,000,000)   (569,000,000)
Stockholders' equity including treasury stock   16,324,000,000   16,087,000,000
Less treasury stock, at cost   6,930,000,000   5,874,000,000
Total stockholders' equity   9,394,000,000   10,213,000,000
Total Liabilities and Stockholders' Equity   39,645,000,000   39,393,000,000
Condensed Consolidating Statement Of Cash Flows [Abstract]        
Net cash flow provided by (used for) operating activities   (131,000,000) (102,000,000)  
Investing Activities:        
Acquisitions, net of cash acquired   0 0  
Capital expenditures   0 0  
Investments in and advances to investee companies   0 0  
Proceeds from sale of investments   10,000,000 4,000,000  
Proceeds from dispositions   0    
Other investing activities     0  
Net cash flow provided by (used for) investing activities from continuing operation   10,000,000 4,000,000  
Net cash flow provided by (used for) investing activities from discontinued operations   0 0  
Net cash flow provided by (used for) investing activities   10,000,000 4,000,000  
Financing Activities:        
Proceeds from short-term debt borrowings, net   550,000,000    
Proceeds from issuance of notes     690,000,000  
Repayment of notes     (700,000,000)  
Payment of capital lease obligations   0 0  
Payment of contingent consideration   0 0  
Dividends   (81,000,000) (69,000,000)  
Purchase of company common stock   (1,289,000,000) (260,000,000)  
Payment of payroll taxes in lieu of issuing shares for stock-based compensation   (117,000,000) (87,000,000)  
Proceeds from exercise of stock options   58,000,000 36,000,000  
Excess tax benefit from stock-based compensation   85,000,000 56,000,000  
Other financing activities   (4,000,000)    
Increase (decrease) in intercompany payables   711,000,000 727,000,000  
Net cash flow provided by (used for) financing activities   (87,000,000) 393,000,000  
Net increase (decrease) in cash and cash equivalents   (208,000,000) 295,000,000  
Cash and cash equivalents at beginning of period   254,000,000 134,000,000  
Cash and cash equivalents at end of period   46,000,000 429,000,000  
CBS Operations Inc. [Member]
       
Condensed Consolidating Statement Of Operations [Abstract]        
Revenues   3,000,000 4,000,000  
Expenses:        
Operating   2,000,000 2,000,000  
Selling, general and administrative   77,000,000 62,000,000  
Impairment charges     0  
Depreciation and amortization   4,000,000 4,000,000  
Total expenses   83,000,000 68,000,000  
Operating Income (Loss)   (80,000,000) (64,000,000)  
Interest (expense) income, net   (89,000,000) (86,000,000)  
Gain on early extinguishment of debt     0  
Other items, net   3,000,000 (3,000,000)  
Earnings (loss) from continuing operations before income taxes and equity in earnings (loss) of investee companies   (166,000,000) (153,000,000)  
(Provision) benefit for income taxes   57,000,000 52,000,000  
Equity in earnings (loss) of investee companies, net of tax   288,000,000 344,000,000  
Net earnings (loss) from continuing operations   179,000,000 243,000,000  
Net loss from discontinued operations, net of tax   0 0  
Net earnings   179,000,000 243,000,000  
Comprehensive income (loss)   186,000,000 237,000,000  
ASSETS        
Cash and cash equivalents   1,000,000 1,000,000  
Receivables, net   2,000,000   2,000,000
Programming and other inventory (Note 5)   3,000,000   3,000,000
Prepaid expenses and other current assets   14,000,000   14,000,000
Total current assets   20,000,000   20,000,000
Property and equipment   118,000,000   117,000,000
Less accumulated depreciation and amortization   72,000,000   69,000,000
Net property and equipment   46,000,000   48,000,000
Programming and other inventory (Note 5)   1,000,000   2,000,000
Goodwill   62,000,000   62,000,000
Intangible assets (Note 3)   0   0
Investments in consolidated subsidiaries   9,414,000,000   9,128,000,000
Other assets   109,000,000   14,000,000
Intercompany   3,513,000,000   3,655,000,000
Total Assets   13,165,000,000   12,929,000,000
LIABILITIES AND STOCKHOLDERS' EQUITY        
Accounts payable   7,000,000   6,000,000
Participants' share and royalties payable   0   0
Program rights   4,000,000   4,000,000
Commercial paper   0    
Current portion of long-term debt (Note 7)   0   0
Accrued expenses and other current liabilities   323,000,000   286,000,000
Total current liabilities   334,000,000   296,000,000
Long-term debt   0   0
Other liabilities   267,000,000   255,000,000
Intercompany   0   0
Stockholders' Equity        
Preferred Stock   0   0
Common stock   123,000,000   123,000,000
Additional paid-in capital   0   0
Retained earnings (deficit)   12,772,000,000   12,593,000,000
Accumulated other comprehensive income (loss)   0   (7,000,000)
Stockholders' equity including treasury stock   12,895,000,000   12,709,000,000
Less treasury stock, at cost   331,000,000   331,000,000
Total stockholders' equity   12,564,000,000   12,378,000,000
Total Liabilities and Stockholders' Equity   13,165,000,000   12,929,000,000
Condensed Consolidating Statement Of Cash Flows [Abstract]        
Net cash flow provided by (used for) operating activities   (103,000,000) (115,000,000)  
Investing Activities:        
Acquisitions, net of cash acquired   0 0  
Capital expenditures   (1,000,000) 0  
Investments in and advances to investee companies   0 0  
Proceeds from sale of investments   1,000,000 0  
Proceeds from dispositions   0    
Other investing activities     0  
Net cash flow provided by (used for) investing activities from continuing operation   0 0  
Net cash flow provided by (used for) investing activities from discontinued operations   0 0  
Net cash flow provided by (used for) investing activities   0 0  
Financing Activities:        
Proceeds from short-term debt borrowings, net   0    
Proceeds from issuance of notes     0  
Repayment of notes     0  
Payment of capital lease obligations   0 0  
Payment of contingent consideration   0 0  
Dividends   0 0  
Purchase of company common stock   0 0  
Payment of payroll taxes in lieu of issuing shares for stock-based compensation   0 0  
Proceeds from exercise of stock options   0 0  
Excess tax benefit from stock-based compensation   0 0  
Other financing activities   0    
Increase (decrease) in intercompany payables   103,000,000 115,000,000  
Net cash flow provided by (used for) financing activities   103,000,000 115,000,000  
Net increase (decrease) in cash and cash equivalents   0 0  
Cash and cash equivalents at beginning of period   1,000,000 1,000,000  
Cash and cash equivalents at end of period   1,000,000 1,000,000  
Non-Guarantor Affiliates [Member]
       
Condensed Consolidating Statement Of Operations [Abstract]        
Revenues   4,002,000,000 3,760,000,000  
Expenses:        
Operating   2,455,000,000 2,327,000,000  
Selling, general and administrative   556,000,000 558,000,000  
Impairment charges     11,000,000  
Depreciation and amortization   110,000,000 114,000,000  
Total expenses   3,121,000,000 3,010,000,000  
Operating Income (Loss)   881,000,000 750,000,000  
Interest (expense) income, net   111,000,000 107,000,000  
Gain on early extinguishment of debt     0  
Other items, net   (4,000,000) 7,000,000  
Earnings (loss) from continuing operations before income taxes and equity in earnings (loss) of investee companies   988,000,000 864,000,000  
(Provision) benefit for income taxes   (331,000,000) (291,000,000)  
Equity in earnings (loss) of investee companies, net of tax   (8,000,000) (4,000,000)  
Net earnings (loss) from continuing operations   649,000,000 569,000,000  
Net loss from discontinued operations, net of tax   (20,000,000) (31,000,000)  
Net earnings   629,000,000 538,000,000  
Comprehensive income (loss)   614,000,000 553,000,000  
ASSETS        
Cash and cash equivalents   362,000,000 364,000,000  
Receivables, net   3,103,000,000   3,104,000,000
Programming and other inventory (Note 5)   562,000,000   851,000,000
Prepaid expenses and other current assets   1,046,000,000   886,000,000
Total current assets   5,073,000,000   5,294,000,000
Property and equipment   4,816,000,000   4,832,000,000
Less accumulated depreciation and amortization   2,676,000,000   2,640,000,000
Net property and equipment   2,140,000,000   2,192,000,000
Programming and other inventory (Note 5)   1,568,000,000   1,577,000,000
Goodwill   8,408,000,000   8,407,000,000
Intangible assets (Note 3)   6,494,000,000   6,515,000,000
Investments in consolidated subsidiaries   0   0
Other assets   1,736,000,000   1,626,000,000
Intercompany   16,770,000,000   16,122,000,000
Total Assets   42,189,000,000   41,733,000,000
LIABILITIES AND STOCKHOLDERS' EQUITY        
Accounts payable   224,000,000   378,000,000
Participants' share and royalties payable   856,000,000   953,000,000
Program rights   661,000,000   445,000,000
Commercial paper   0    
Current portion of long-term debt (Note 7)   11,000,000   13,000,000
Accrued expenses and other current liabilities   1,411,000,000   1,524,000,000
Total current liabilities   3,163,000,000   3,313,000,000
Long-term debt   109,000,000   111,000,000
Other liabilities   2,895,000,000   2,901,000,000
Intercompany   0   0
Stockholders' Equity        
Preferred Stock   128,000,000   128,000,000
Common stock   1,136,000,000   1,136,000,000
Additional paid-in capital   61,690,000,000   61,690,000,000
Retained earnings (deficit)   (22,420,000,000)   (23,049,000,000)
Accumulated other comprehensive income (loss)   288,000,000   303,000,000
Stockholders' equity including treasury stock   40,822,000,000   40,208,000,000
Less treasury stock, at cost   4,800,000,000   4,800,000,000
Total stockholders' equity   36,022,000,000   35,408,000,000
Total Liabilities and Stockholders' Equity   42,189,000,000   41,733,000,000
Condensed Consolidating Statement Of Cash Flows [Abstract]        
Net cash flow provided by (used for) operating activities   821,000,000 863,000,000  
Investing Activities:        
Acquisitions, net of cash acquired   (9,000,000) (69,000,000)  
Capital expenditures   (33,000,000) (35,000,000)  
Investments in and advances to investee companies   (30,000,000) (34,000,000)  
Proceeds from sale of investments   1,000,000 0  
Proceeds from dispositions   11,000,000    
Other investing activities     (2,000,000)  
Net cash flow provided by (used for) investing activities from continuing operation   (60,000,000) (140,000,000)  
Net cash flow provided by (used for) investing activities from discontinued operations   (4,000,000) (4,000,000)  
Net cash flow provided by (used for) investing activities   (64,000,000) (144,000,000)  
Financing Activities:        
Proceeds from short-term debt borrowings, net   0    
Proceeds from issuance of notes     0  
Repayment of notes     0  
Payment of capital lease obligations   (4,000,000) (5,000,000)  
Payment of contingent consideration   (30,000,000) (33,000,000)  
Dividends   0 0  
Purchase of company common stock   0 0  
Payment of payroll taxes in lieu of issuing shares for stock-based compensation   0 0  
Proceeds from exercise of stock options   0 0  
Excess tax benefit from stock-based compensation   0 0  
Other financing activities   0    
Increase (decrease) in intercompany payables   (814,000,000) (842,000,000)  
Net cash flow provided by (used for) financing activities   (848,000,000) (880,000,000)  
Net increase (decrease) in cash and cash equivalents   (91,000,000) (161,000,000)  
Cash and cash equivalents at beginning of period   453,000,000 525,000,000  
Cash and cash equivalents at end of period   362,000,000 364,000,000  
Eliminations [Member]
       
Condensed Consolidating Statement Of Operations [Abstract]        
Revenues   0 0  
Expenses:        
Operating   0 0  
Selling, general and administrative   0 0  
Impairment charges     0  
Depreciation and amortization   0 0  
Total expenses   0 0  
Operating Income (Loss)   0 0  
Interest (expense) income, net   0 0  
Gain on early extinguishment of debt     0  
Other items, net   0 0  
Earnings (loss) from continuing operations before income taxes and equity in earnings (loss) of investee companies   0 0  
(Provision) benefit for income taxes   0 0  
Equity in earnings (loss) of investee companies, net of tax   (808,000,000) (781,000,000)  
Net earnings (loss) from continuing operations   (808,000,000) (781,000,000)  
Net loss from discontinued operations, net of tax   0 0  
Net earnings   (808,000,000) (781,000,000)  
Comprehensive income (loss)   (800,000,000) (790,000,000)  
ASSETS        
Cash and cash equivalents   0 0  
Receivables, net   0   0
Programming and other inventory (Note 5)   0   0
Prepaid expenses and other current assets   (19,000,000)   (26,000,000)
Total current assets   (19,000,000)   (26,000,000)
Property and equipment   0   0
Less accumulated depreciation and amortization   0   0
Net property and equipment   0   0
Programming and other inventory (Note 5)   0   0
Goodwill   0   0
Intangible assets (Note 3)   0   0
Investments in consolidated subsidiaries   (48,586,000,000)   (47,786,000,000)
Other assets   0   0
Intercompany   (20,283,000,000)   (19,777,000,000)
Total Assets   (68,888,000,000)   (67,589,000,000)
LIABILITIES AND STOCKHOLDERS' EQUITY        
Accounts payable   0   0
Participants' share and royalties payable   0   0
Program rights   0   0
Commercial paper   0    
Current portion of long-term debt (Note 7)   0   0
Accrued expenses and other current liabilities   (19,000,000)   (26,000,000)
Total current liabilities   (19,000,000)   (26,000,000)
Long-term debt   0   0
Other liabilities   0   0
Intercompany   (20,283,000,000)   (19,777,000,000)
Stockholders' Equity        
Preferred Stock   (128,000,000)   (128,000,000)
Common stock   (1,259,000,000)   (1,259,000,000)
Additional paid-in capital   (61,690,000,000)   (61,690,000,000)
Retained earnings (deficit)   9,648,000,000   10,456,000,000
Accumulated other comprehensive income (loss)   (288,000,000)   (296,000,000)
Stockholders' equity including treasury stock   (53,717,000,000)   (52,917,000,000)
Less treasury stock, at cost   (5,131,000,000)   (5,131,000,000)
Total stockholders' equity   (48,586,000,000)   (47,786,000,000)
Total Liabilities and Stockholders' Equity   (68,888,000,000)   (67,589,000,000)
Condensed Consolidating Statement Of Cash Flows [Abstract]        
Net cash flow provided by (used for) operating activities   0 0  
Investing Activities:        
Acquisitions, net of cash acquired   0 0  
Capital expenditures   0 0  
Investments in and advances to investee companies   0 0  
Proceeds from sale of investments   0 0  
Proceeds from dispositions   0    
Other investing activities     0  
Net cash flow provided by (used for) investing activities from continuing operation   0 0  
Net cash flow provided by (used for) investing activities from discontinued operations   0 0  
Net cash flow provided by (used for) investing activities   0 0  
Financing Activities:        
Proceeds from short-term debt borrowings, net   0    
Proceeds from issuance of notes     0  
Repayment of notes     0  
Payment of capital lease obligations   0 0  
Payment of contingent consideration   0 0  
Dividends   0 0  
Purchase of company common stock   0 0  
Payment of payroll taxes in lieu of issuing shares for stock-based compensation   0 0  
Proceeds from exercise of stock options   0 0  
Excess tax benefit from stock-based compensation   0 0  
Other financing activities   0    
Increase (decrease) in intercompany payables   0 0  
Net cash flow provided by (used for) financing activities   0 0  
Net increase (decrease) in cash and cash equivalents   0 0  
Cash and cash equivalents at beginning of period   0 0  
Cash and cash equivalents at end of period   $ 0 $ 0