Last $80.05 USD
Change Today -0.54 / -0.67%
Volume 4.0M
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As of 8:04 PM 11/21/14 All times are local (Market data is delayed by at least 15 minutes).

time warner inc (TWX) Snapshot

Open
$81.33
Previous Close
$80.59
Day High
$81.37
Day Low
$79.77
52 Week High
07/21/14 - $88.13
52 Week Low
02/5/14 - $58.21
Market Cap
67.1B
Average Volume 10 Days
4.1M
EPS TTM
$4.64
Shares Outstanding
838.5M
EX-Date
11/25/14
P/E TM
17.3x
Dividend
$1.27
Dividend Yield
1.55%
Current Stock Chart for TIME WARNER INC (TWX)

time warner inc (TWX) Details

Time Warner Inc. operates as a media and entertainment company in the United States and internationally. The company operates in four segments: Turner, Home Box Office, Warner Bros., and Time Inc. The Turner segment operates cable networks; digital media properties; free-to-air networks; and entertainment and news networks that offer sports, movies, classic films, reality programming, and news, as well as produces its own programs and acquires rights from third-parties to air programs on its networks. This segment serves cable system operators, satellite service distributors, telephone companies, Internet protocol television system operators, mobile device operators, broadcasters, and other distributors. The Home Box Office segment provides premium pay and basic tier television services comprising HBO and Cinemax; and sells its original programming via DVDs, Blu-ray Discs, and electronic sell-through, as well as licenses its original programming primarily to international television networks. As of December 31, 2013, this segment had approximately 127 million subscribers worldwide. The Warner Bros. segment produces and distributes feature films, television programming, videogames, and other programming; distribute home video products; and licenses rights to its feature films, television programming, and characters. The Time Inc. segment publishes magazines, including People, Sports Illustrated, InStyle, Time, Real Simple, Southern Living, Entertainment Weekly, and Fortune, as well as titles and books; licenses its magazines for print or digital publication to publishers; operates Websites, such as People.com, SI.com, and Time.com.; and offers content marketing, targeted local print and digital advertising programs, and marketing and support services. Time Warner Inc. was founded in 1985 and is headquartered in New York, New York.

34,000 Employees
Last Reported Date: 02/26/14
Founded in 1985

time warner inc (TWX) Top Compensated Officers

Chief Executive Officer and Chairman
Total Annual Compensation: $2.0M
Executive Vice President and General Counsel
Total Annual Compensation: $1.3M
Executive Vice President of International & C...
Total Annual Compensation: $862.1K
Executive Vice President of Corporate Marketi...
Total Annual Compensation: $847.1K
Compensation as of Fiscal Year 2013.

time warner inc (TWX) Key Developments

Time Warner Approaches With AUD 680 Million Takeover Bid For Ten Network Holdings

Time Warner Inc. (NYSE:TWX) approached Ten Network Holdings Limited (ASX:TEN) about a AUD 680 million takeover bid. James Burtson, Senior Vice President of Time Warner, sent a letter on October 6, 2014, to "Citi to express our interest in pursuing a possible acquisition" of the commercial free-to-air network. The letter to Tony Osmond and Nick Bagot, Managing Directors of Citi, said that Time Warner is prepared to explore an offer of AUD 0.25 a share for Ten Network Holdings. It specified the approach was not binding and only intended to facilitate further discussions with you. Burtson wrote, "Building an international footprint for our networks business is a strategic priority for Turner and we are excited about the opportunity to acquire a strong media asset in an attractive ­geographic market." Ten said that while a number of potential strategic options have been considered to date there is no guarantee any transaction will eventuate.

Time Warner Inc. Announces Unaudited Consolidated Financial Results for the Third Quarter and Nine Months Ended September 30, 2014; Announces Asset Impairments for the Third Quarter Ended September 30, 2014; Revises Earnings Guidance for the Year 2014

Time Warner Inc. announced unaudited consolidated financial results for the third quarter and nine months ended September 30, 2014. For the quarter, the company’s revenues were $6,243 million against $6,042 million a year ago. Operating income was $971 million against $1,729 million a year ago. Income from continuing operations before income taxes was $529 million against $1,409 million a year ago. Income from continuing operations was $966 million or $1.11 per diluted share against $958 million or $1.02 per diluted share a year ago. Net income attributable to the company’s shareholders was $967 million or $1.11 per diluted share against $1,183 million or $1.26 per diluted share a year ago. Adjusted operating income was $993 million against $1,589 million a year ago. Adjusted income from continuing operations was $1,061 million against $855 million a year ago. Adjusted EPS was $1.22 against $0.91 a year ago. Cash provided by operations from continuing operations was $617 million against $1,043 million a year ago. Capital expenditures were $110 million against $124 million a year ago. Revenues increased 3% due to growth across all segments, partially offset by intercompany eliminations. Adjusted operating income decreased 38% primarily due to charges at Turner related to its decision to no longer air certain programming and restructuring and severance charges across all segments. The increase in adjusted EPS primarily reflects lower taxes as a result of a net tax benefit of $639 million primarily related to the reversal of certain tax reserves in the third quarter of 2014 and fewer shares outstanding, offset in part by lower adjusted operating income. For the nine months, the company’s revenues were $19,834 million against $18,857 million a year ago. Operating income was $4,586 million against $4,535 million a year ago. Income from continuing operations before income taxes was $3,578 million against $3,586 million a year ago. Income from continuing operations was $3,174 million or $3.56 per diluted share against $2,420 million or $2.55 per diluted share a year ago. Net income attributable to the company’s shareholders was $3,109 million or $3.49 per diluted share against $2,708 million or $2.85 per diluted share a year ago. Cash provided by operations from continuing operations was $2,674 million against $2,568 million a year ago. Capital expenditures were $316 million against $296 million a year ago. Adjusted operating income was $4,237 million against $4,426 million a year ago. Adjusted income from continuing operations was $2,822 million against $2,316 million a year ago. Adjusted EPS was $3.17 against $2.44 a year ago. As of September 30, 2014, net debt was $19.3 billion, up from $18.3 billion at the end of 2013, due to share repurchases, investments and acquisitions and dividends, offset in part by the generation of free cash flow, cash received from Time Inc. in connection with the spin-off and proceeds from the sale of the company's space in Time Warner Center. For the quarter ended September 30, 2014, the company recognized asset impairments of $5 million, consisting of $4 million at the Turner segment related to miscellaneous assets and $1 million at Corporate related to certain internally developed software. During the three months ended September 30, 2013, the company recognized an international intangible asset impairment of $5 million at the Turner segment. The company increased 2014 adjusted EPS guidance. The company reported that it now expects adjusted earnings for 2014 to rise by a high teens percentage rate, up from prior expectations for growth in the low teens. The EPS guidance includes an estimated net benefit of around $0.15 from the reversal of tax reserves and the programming, restructuring and severance charges in the third and fourth quarters.

Liberty Global Reportedly Interested In TVN

Liberty Global plc (NasdaqGS:LBTY.A) may be interested in acquisition of TVN, which has been again put up for sale, reported Polish News Bulletin. Liberty Global may change its plans should it get involved in the broadcasting industry. Among potential investors, rumoured to be interested in TVN, are Time Warner Inc. (NYSE:TWX), Bertelsmann SE & Co. KGaA and News Corporation (NasdaqGS:NWSA). International Trading and Investments Holdings S.A. and CANAL + SA plan hope to sell their 51% stake in TVN as soon as in first quarter of 2015. Both firms officially maintain that the decision to sell their shares was triggered by a serious manifestation of interest from investors.

 

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Industry Analysis

TWX

Industry Average

Valuation TWX Industry Range
Price/Earnings 16.8x
Price/Sales 2.2x
Price/Book 2.7x
Price/Cash Flow 15.5x
TEV/Sales 1.3x
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