Attached files
| file | filename |
|---|---|
| 8-K - AT&T INC. FORM 8K - AT&T INC. | q3fd_8k.htm |
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WarnerMedia Comparable Operating Revenues
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Dollars in millions
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|||||||||||
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Unaudited
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3/31/17
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6/30/17
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9/30/17
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12/31/17
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2017
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3/31/18
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6/30/18
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9/30/18
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|||
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Operating Revenues - Comparable WarnerMedia
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Turner
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|||||||||||
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Reported by Time Warner1
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$ 3,088
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$ 3,102
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$ 2,768
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$ 3,123
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$ 12,081
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$ 3,344
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$ -
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$ -
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|||
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Reported by AT&T3
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-
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-
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-
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-
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-
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-
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3,227
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2,988
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|||
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Add: Regional Sports Networks (RSN)
|
105
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111
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107
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107
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430
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112
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118
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-
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|||
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Comparable Turner Revenues
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3,193
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3,213
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2,875
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3,230
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12,511
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3,456
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3,345
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2,988
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|||
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Y/Y growth
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8%
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4%
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4%
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Home Box Office
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|||||||||||
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Reported by Time Warner1
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1,568
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1,476
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1,605
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1,680
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6,329
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1,619
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-
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-
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|||
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Reported by AT&T3
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-
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-
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-
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-
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-
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-
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1,667
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1,644
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|||
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Comparable Home Box Office Revenues
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1,568
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1,476
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1,605
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1,680
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6,329
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1,619
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1,667
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1,644
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|||
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Y/Y growth
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3%
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13%
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2%
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Warner Bros.
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Reported by Time Warner1
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3,365
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2,988
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3,460
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4,053
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13,866
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3,238
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-
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-
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|||
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Reported by AT&T3
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-
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-
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-
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-
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-
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-
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3,306
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3,720
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|||
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Comparable Warner Bros. Revenues
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3,365
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2,988
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3,460
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4,053
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13,866
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3,238
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3,306
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3,720
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|||
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Y/Y growth
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-4%
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11%
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8%
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Eliminations and other
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(286)
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(236)
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(238)
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(245)
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(1,005)
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(205)
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(405)
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(148)
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|||
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Total Comparable WarnerMedia Revenues
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7,840
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7,441
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7,702
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8,718
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31,701
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8,108
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7,913
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8,204
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|||
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Y/Y growth
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3%
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6%
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7%
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WarnerMedia Comparable Operating Income
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Dollars in millions
|
|||||||||||
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Unaudited
|
3/31/17
|
6/30/17
|
9/30/17
|
12/31/17
|
2017
|
3/31/18
|
6/30/18
|
9/30/18
|
|||
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Operating Income - Comparable WarnerMedia
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Turner
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Reported by Time Warner1
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Operating income
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$ 1,170
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$ 1,050
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$ 1,243
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$ 1,026
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$ 4,489
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$ 1,092
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$ -
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$ -
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|||
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Items affecting comparability2
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17
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(20)
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24
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(4)
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17
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36
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-
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-
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|||
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Historical Turner Operating Income
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1,187
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1,030
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1,267
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1,022
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4,506
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1,128
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-
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-
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|||
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Reported by AT&T3
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Operating Income
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-
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-
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-
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-
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-
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-
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906
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1,442
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|||
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Items affecting comparability2
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-
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-
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-
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-
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-
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-
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93
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-
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|||
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Regional Sports Networks (RSN) Operating Income
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41
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(3)
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9
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48
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95
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37
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4
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-
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|||
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Comparable Turner Operating Income
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1,228
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1,027
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1,276
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1,070
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4,601
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1,165
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1,003
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1,442
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|||
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Y/Y growth
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-5%
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-2%
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13%
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Operating Income Margin
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38.5%
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32.0%
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44.4%
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33.1%
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36.8%
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33.7%
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30.0%
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48.3%
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|||
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Home Box Office
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Reported by Time Warner1
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Operating income
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$ 585
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$ 531
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$ 552
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$ 486
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$ 2,154
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$ 516
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$ -
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$ -
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Retrospective application of ASC 2017-07
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-
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1
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2
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1
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4
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-
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-
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-
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|||
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Items affecting comparability2
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12
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15
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13
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(3)
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37
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19
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-
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-
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|||
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Historical Home Box Office Operating Income
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597
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547
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567
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484
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2,195
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535
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-
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-
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|||
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Reported by AT&T3
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-
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-
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-
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-
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-
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-
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530
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628
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|||
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Operating Income
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-
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-
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-
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-
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-
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-
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-
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-
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|||
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Items affecting comparability2
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-
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-
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-
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-
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-
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-
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39
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-
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|||
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Comparable Home Box Office Operating Income
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597
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547
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567
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484
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2,195
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535
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569
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628
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|||
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Y/Y growth
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-10%
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4%
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11%
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Operating Income Margin
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38.1%
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37.1%
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35.3%
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28.8%
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34.7%
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33.0%
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34.1%
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38.2%
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Warner Bros.
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Reported by Time Warner1
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Operating income
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$ 490
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$ 223
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$ 538
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$ 512
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$ 1,763
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$ 322
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$ -
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$ -
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|||
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Retrospective application of ASC 2017-07
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-
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2
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2
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2
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6
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-
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-
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-
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|||
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Items affecting comparability2
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22
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38
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38
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2
|
100
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61
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-
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-
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|||
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Historical Warner Bros. Operating Income
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512
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263
|
578
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516
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1,869
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383
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-
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-
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|||
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Reported by AT&T3
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-
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-
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-
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-
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-
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-
|
256
|
576
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|||
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Operating Income
|
-
|
-
|
-
|
-
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-
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-
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-
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-
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|||
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Items affecting comparability2
|
-
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-
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-
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-
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-
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-
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82
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-
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|||
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Comparable Warner Bros. Operating Income
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512
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263
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578
|
516
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1,869
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383
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338
|
576
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|||
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Y/Y growth
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-25%
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29%
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0%
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Operating Income Margin
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15.2%
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8.8%
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16.7%
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12.7%
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13.5%
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11.8%
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10.2%
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15.5%
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|||
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Eliminations and other
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(139)
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(82)
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(69)
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(101)
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(391)
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(74)
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(124)
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(79)
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Total Comparable WarnerMedia Operating Income
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2,198
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1,755
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2,352
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1,969
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8,274
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2,009
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1,786
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2,567
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|||
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Y/Y growth
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-9%
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2%
|
9%
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Operating Income Margin
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28.0%
|
23.6%
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30.5%
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22.6%
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26.1%
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24.8%
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22.6%
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31.3%
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1 As reported by Time Warner Inc. for the respective period on Form 8-K on Item 2.02, filed as exhibit 99.1 on April 26, 2018, February 1, 2018, October 26, 2017 and August 2, 2017
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2 Historical adjustments by Time Warner Inc. and does not reflect AT&T conforming accounting changes
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3 As reported by AT&T Inc. on Form 8.K reporting on (1) Item 7.01 filed July 24, 2018 for June 30, 2018 and (2) Item 2.02 filed on October 24, 2018 for September 30, 2018
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