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Time Warner (Time Warner) EBIT : $6,723 Mil (TTM As of Mar. 2018)


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What is Time Warner EBIT?

Time Warner's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2018 was $1,765 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2018 was $6,723 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Time Warner's annualized ROC % for the quarter that ended in Mar. 2018 was 13.14%. Time Warner's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2018 was 101.91%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Time Warner's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2018 was 8.70%.


Time Warner EBIT Historical Data

The historical data trend for Time Warner's EBIT can be seen below:

* 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.

* Premium members only.

Time Warner EBIT Chart

Time Warner Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6,249.00 6,032.00 6,828.00 6,583.00 7,159.00

Time Warner Quarterly Data
Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2,201.00 1,820.00 2,226.00 912.00 1,765.00

Competitive Comparison of Time Warner's EBIT

For the Broadcasting subindustry, Time Warner's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Time Warner's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Time Warner's EV-to-EBIT falls into.



Time Warner EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT 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 $6,723 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) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Time Warner's annualized ROC % for the quarter that ended in Mar. 2018 is calculated as:

ROC % (Q: Mar. 2018 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2017 ) + Invested Capital (Q: Mar. 2018 ))/ count )
=7336 * ( 1 - -8.74% )/( (61343 + 60113)/ 2 )
=7977.1664/60728
=13.14 %

where

Note: The Operating Income data used here is four times the quarterly (Mar. 2018) data.

2. Joel Greenblatt's definition of Return on Capital:

Time Warner's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2018 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2018 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2017  Q: Mar. 2018
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=7060/( ( (2707 + max(3971, 0)) + (2753 + max(4424, 0)) )/ 2 )
=7060/( ( 6678 + 7177 )/ 2 )
=7060/6927.5
=101.91 %

where Working Capital is:

Working Capital(Q: Dec. 2017 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(9401 + 2401 + 796) - (6724 + 711 + 1192)
=3971

Working Capital(Q: Mar. 2018 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(10279 + 2071 + 1097) - (7193 + 1002 + 828)
=4424

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2018) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Time Warner's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2018 )
=6723/77269.690
=8.70 %

* 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 EBIT Related Terms

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Time Warner (Time Warner) Business Description

Traded in Other Exchanges
N/A
Address
Time Warner is a pure-play entertainment company that owns several television networks, including HBO, CNN, TNT, and the CW. The filmed entertainment segment creates and distributes movies and television programming for internal and external distribution outlets. Warner Bros. and New Line Cinema combine to form the largest filmmaker in the world. The company owns a deep and valuable content library that includes popular movie franchises such as DC Comics and Harry Potter and television programs such as Friends and The Big Bang Theory.
Executives
Fred Hassan director C/O CARET GROUP,, 1100 HOLLAND DR., BOCA RATON FL 33487
Douglas Edward Horne officer: SVP and Controller ONE TIME WARNER CENTER, NEW YORK NY 10019
Gary L Ginsberg officer: Executive Vice President TIME WARNER INC., ONE TIME WARNER CENTER, NEW YORK NY 10019
Olaf Olafsson officer: Executive Vice President C/O TIME WARNER INC. ONE TIME WARNER CENTER NEW YORK NY 10019
Paul Wachter director C/O TIME WARNER INC., ONE TIME WARNER CENTER, NEW YORK NY 10019
Robert C Clark director C/O TIME WARNER INC., ONE TIME WARNER CENTER, NEW YORK NY 10019
William P Barr director C/O TIME WARNER INC., ONE TIME WARNER CENTER, NEW YORK NY 10019
Howard M Averill officer: EVP and CFO CAMPBELL SOUP COMPANY, ONE CAMPBELL PLACE, CAMDEN NJ 08103
Paul T Cappuccio officer: EVP and General Counsel TIME WARNER INC., ONE TIME WARNER CENTER, NEW YORK NY 10019
Carlos M Gutierrez director 5 GREENWAY PLAZA, STE 110, HOUSTON TX 77046
Carol A Melton officer: Executive Vice President 4445 WILLARD AVENUE, SUITE 400, CHEVY CHASE MD 20815
Jessica P Einhorn director C/O BLACKROCK, INC., 55 EAST 52ND STREET, NEW YORK NY 10055
Mathias Dopfner director C/O TIME WARNER INC., ONE TIME WARNER CENTER, NEW YORK NY 10019
Deborah C Wright director CARVER BANCORP, INC, 75 W. 125TH STREET, NEW YORK NY 10027
James L Barksdale director C/O TIME WARNER INC., ONE TIME WARNER CENTER, NEW YORK NY 10019

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