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Time Warner Inc. Message Board

  • futureripplemovers futureripplemovers Feb 5, 2014 9:47 AM Flag

    TIME WARNER INC. REPORTS FOURTH-QUARTER AND FULL-YEAR 2013 RESULTS

    TIME WARNER INC. REPORTS FOURTH-QUARTER AND FULL-YEAR 2013 RESULTS

    Fourth-Quarter and Full-Year Highlights
    • Company posted record quarterly revenues of $8.6 billion in the fourth quarter, up 5%
    • Adjusted Operating Income grew 8% in 2013 to $6.6 billion
    • Turner, Home Box Office & Warner Bros.1 all posted record Adjusted Operating Income in 2013
    • Free Cash Flow increased 20%in 2013 to $3.5 billion
    • Adjusted EPS rose 16%2 in 2013 to $3.77, the 5th consecutive year of double-digit growth
    • Company repurchased 60.5 million shares for $3.7 billion in 2013
    • Board authorized a 10% increase in quarterly dividend and new $5 billion share repurchase program

    NEW YORK, February 5, 2014 – Time Warner Inc. (NYSE:TWX) today reported financial results for its fourth quarter and full year ended December 31, 2013.
    Chairman and Chief Executive Officer Jeff Bewkes said: “We had another very successful year in 2013, with Turner, Home Box Office and Warner Bros. all posting record profits while also investing for future growth. We grew Adjusted Operating Income by 8% and Adjusted EPS by 16% — our fifth consecutive year of double-digit Adjusted EPS growth. Among Turner’s highlights, TBS ranked as ad-supported cable’s #1 network in primetime among adults 18-49 and TNT was the #2 network in total day among adults 25-54. Adult Swim had the most-watched year in its history and ranked #1 on ad-supported cable among adults 18-34 in total day for the ninth year in a row. HBO remains in a league of its own, once again receiving the most Primetime Emmy Awards of any network, while tying for the most Golden Globe Awards and recording its biggest gain in domestic subscribers in 17 years. Warner Bros. delivered its best year on record by any measure. Theatrically, it led both the domestic and international box office, and its films received an industry-leading 21 Academy Award nominations —including Best Picture nominations for Gravity and Her. In television, Warner Bros. has over

 
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