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TIME WARNER CABLE INC (TWC) filed Quarterly Report for the period ended 2011-06-30.
Time Warner Cable Inc. has a market cap of $25.94 billion; its shares were traded at around $77.1 with a P/E ratio of 19.7 and P/S ratio of 1.4. The dividend yield of Time Warner Cable Inc. stocks is 2.5%.
This is the annual revenues and earnings per share of TWC over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of TWC.
Highlight of Business Operations:
TWC offers its residential and business services customers video, high-speed data and voice services over its broadband cable systems. TWC’s business services also include networking and transport services and, through its wholly-owned subsidiary, NaviSite, Inc. (“NaviSite”) (discussed further in “—Recent Developments”), enterprise-class hosting, managed application, messaging and cloud services. During the six months ended June 30, 2011, TWC generated revenues of approximately $8.6 billion and $673 million from the provision of residential and business services, respectively. TWC also sells advertising to a variety of national, regional and local advertising customers, resulting in advertising revenues of $422 million during the six months ended June 30, 2011. TWC also generated revenues from other sources of $117 million during the six months ended June 30, 2011.
On April 21, 2011, TWC completed its acquisition of NaviSite for $263 million, net of cash acquired. At closing, TWC also repaid $44 million of NaviSite’s debt. NaviSite’s financial results have been included in the Company’s consolidated financial statements from the acquisition date. See Note 4 to the accompanying consolidated financial statements for additional information on the NaviSite acquisition.
On October 29, 2010, TWC’s Board of Directors authorized a $4.0 billion common stock repurchase program (the “Stock Repurchase Program”). Purchases under the Stock Repurchase Program may be made from time to time on the open market and in privately negotiated transactions. The size and timing of the Company’s purchases under the Stock Repurchase Program are based on a number of factors, including price and business and market conditions. From the inception of the Stock Repurchase Program through July 26, 2011, the Company repurchased 34.8 million shares of TWC common stock for $2.462 billion. As of July 26, 2011, the Company had $1.538 billion remaining under the Stock Repurchase Program.
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