Time Warner (Time Warner) Selling, General, & Admin. Expense : $5,565 Mil (TTM As of Mar. 2018)

Time Warner Selling, General, & Admin. Expense Chart

Time Warner Annual Data
	Trend	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17
Selling, General, & Admin. Expense		Get a 7-Day Free Trial					4,934.00	5,190.00	4,824.00	5,123.00	5,438.00

Time Warner Quarterly Data
	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18
Selling, General, & Admin. Expense	Get a 7-Day Free Trial															1,272.00	1,427.00	1,378.00	1,358.00	1,402.00

Competitive Comparison of Time Warner's Selling, General, & Admin. Expense

For the Broadcasting subindustry, Time Warner's Selling, General, & Admin. Expense, along with its competitors' market caps and Selling, General, & Admin. Expense data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Time Warner's Selling, General, & Admin. Expense Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Time Warner's Selling, General, & Admin. Expense distribution charts can be found below:

* The bar in red indicates where Time Warner's Selling, General, & Admin. Expense falls into.

Time Warner Selling, General, & Admin. Expense Calculation

Selling, General, & Admin. Expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. For instance, personnel cost, advertising, rent, communication costs are all part of SGA.

Selling, General, & Admin. Expense for the trailing twelve months (TTM) ended in Mar. 2018 adds up the quarterly data reported by the company within the most recent 12 months, which was $5,565 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Time Warner  (NYSE:TWX) Selling, General, & Admin. Expense Explanation

An efficient operation keeps SGA costs low and thus has higher profit margin. The percentage of SGA relative to total revenue is an indication of how efficiently the company operates. Compare this percentage among the companies in the same industry is a good way of finding more efficient operations. A comparison of the SGA cost relative to the revenue with the historical value can also be an indication of how efficient the company has become.

Warren Buffett likes companies with consistent SGA as the percentage of gross profit.

Companies with no durable competitive advantage show wild variation in SG&A as % of Gross Profit.

If SGA is less than 30% of Gross Profit, it is fantastic. If SGA is nearing 100%, it is is in highly competitive industry.

Time Warner Selling, General, & Admin. Expense Related Terms

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Time Warner (Time Warner) Business Description