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FAQs
> Company Information
> Stock Information
> Financial Information
> Shareholder Services & Contact Information
| Company Information | |
|---|---|
| Q. | When was Time Warner Cable incorporated? |
| A. | Although its predecessors have been in the cable business for over 30 years in various legal forms, Time Warner Cable Inc. was incorporated as a Delaware corporation March 2003. |
| Q. | What is Time Warner Cable's relationship to Time Warner? |
| A. | Time Warner Cable is a consolidated subsidiary of Time Warner Inc. The common stock of Time Warner Inc. is traded on the New York Stock Exchange under the symbol TWX. Time Warner Inc. beneficially owns approximately 82.7% of Time Warner Cable's outstanding Class A common stock and 100% of Time Warner Cable's outstanding Class B common stock.
Except in the election of directors and other specified matters, the shares of Class A common stock and Class B common stock vote together as a single class on all matters submitted to Time Warner Cable stockholders. Each share of Time Warner Cable Class A common stock has one vote and each share of Time Warner Cable Class B common stock has 10 votes. As a result, Time Warner Inc. beneficially owns common stock representing approximately 84.0% of all classes of Time Warner Cable's outstanding common stock and approximately 90.6% of the combined voting power of all classes of the outstanding common stock. |
| Q. | Where does Time Warner Cable do business? |
| A. | A pioneer in the cable industry, Time Warner Cable provides video, data and voice services and owns or manages cable systems serving approximately 13.4 million basic video subscribers in 33 states as of December 31, 2006. Passing approximately 26 million homes, Time Warner Cable includes some of the most technologically advanced and best-clustered cable systems in the country, with nearly 85 percent of the Company's customers located in five geographic regions: New York, Texas, Ohio, the Carolinas and southern California. |
| Q. | What services does Time Warner Cable provide? |
| A. | The U.S.'s second-largest cable company, Time Warner Cable provides video, high-speed data, and voice services and leverages its leadership in innovation and quality customer care to deliver advanced products and services such as video on demand, high definition television, and digital video recorders. |
| Stock Information | |
|---|---|
| Q. | When was Time Warner Cable's initial public offering, and what was the opening price? |
| A. | Time Warner Cable did not become a public company as a result of an underwritten initial public offering. On July 31, 2006, a subsidary of Time Warner Cable completed the acquisition of certain assets of Adelphia Communications Corporation and related companies ("Adelphia"), which were then in bankruptcy. Approximately 156 million shares of Time Warner Cable Class A common stock – approximately 16 percent of the total – were included in the amounts paid for the assets.
On February 13, 2007, Adelphia's Chapter 11 reorganization plan became effective and, under applicable securities law regulations and provisions of the U.S. bankruptcy code, Time Warner Cable became a public company subject to the requirements of the Securities Exchange Act of 1934, as amended. Under the terms of the reorganization plan, most of the shares of Time Warner Cable Class A common stock that Adelphia received for its assets have been distributed to Adelphia's creditors. |
| Q. | What percentage of Time Warner Cable Class A common stock is publicly traded? |
| A. | Approximately 156 million shares of Time Warner Cable Class A common stock – approximately 16 percent of the total – were included in the payment for Adelphia assets. Under the terms of Adelphia's reorganization plan, most of the 155,913,430 shares of Time Warner Cable Class A common stock that Adelphia received for its assets (representing approximately 16% of Time Warner Cable's outstanding common stock) are being distributed to Adelphia's creditors. As of September 30, 2007, approximately 96% of these shares of Class A common stock had been distributed to Adelphia's creditors. The remaining shares are expected to be distributed during the coming months as the remaining disputes are resolved by the bankruptcy court. |
| Q. | Are there other classes of Time Warner Cable stock? Are they publicly traded? |
| A. | Time Warner Cable has two classes of common stock authorized: the Class A common stock, which is being distributed in the plan of reorganization and is the class of stock that is listed and traded on the New York Stock Exchange (NYSE), and Class B common stock. The Class B shares entitle holders to the same economic rights as Class A shares, but entitle holders to 10 votes per share and Class A shares have one vote. All the Class B shares are currently beneficially owned by Time Warner Inc. Only the Class A common stock is traded on the NYSE. |
| Q. | How many shares does Time Warner Cable have outstanding? |
| A. | As of February 15, 2008, there were approximately 902 million shares of Time Warner Cable Class A common stock and approximately 75 million shares of Time Warner Cable Class B common stock outstanding. |
| Q. | Are Time Warner Inc. shareholders entitled to Time Warner Cable stock? |
| A. | No, in connection with Adelphia's Chapter 11 plan, shares of Time Warner Cable Class A common stock are being distributed to the creditors of Adelphia. |
| Q. | Are Adelphia shareholders entitled to Time Warner Cable stock? |
| A. | For questions regarding Adelphia's plan of reorganization click here. |
| Q. | How do I get more information about why I received shares of Time Warner Cable Class A Common Stock and the number of shares I received? |
| A. | Shares of Class A Common Stock were distributed to Adelphia's creditors pursuant to Adelphia's bankruptcy reorganization plan. If you have questions about the distribution of shares of Time Warner Cable Class A Common Stock in connection with the Chapter 11 plan of Adelphia Communications Corporation, please contact Adelphia by email at Creditor.Inquiries@Adelphia.com, or visit the Adelphia bankruptcy web site at http://www.adelphiarestructuring.com. |
| Q. | Where is Time Warner Cable stock traded? |
| A. | Time Warner Cable's Class A common stock trades on the New York Stock Exchange under the symbol TWC. |
| Q. | What is the CUSIP number for Time Warner Cable's Class A common stock ? |
| A. | The CUSIP number is 88732J 10 8. |
| Q. | Does Time Warner Cable pay a dividend on its common stock? |
| A. | Time Warner Cable does not currently pay a dividend. |
| Q. | Does Time Warner Cable have a Dividend Reinvestment Program (DRIP)? |
| A. | Time Warner Cable does not offer a DRIP plan at this time. |
| Q. | Does Time Warner Cable have a direct stock purchase plan? |
| A. | Time Warner Cable does not currently offer a direct purchase program. |
| Q. | Who is Time Warner Cable's transfer agent? |
| A. | Time Warner Cable's transfer agent is BNY Mellon Shareowner Services (formerly named The Bank of New York).
Click here to contact the transfer agent.
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| Financial Information | |
|---|---|
| Q. | When does Time Warner Cable's fiscal year end? |
| A. | Time Warner Cable's fiscal year end is December 31. |
| Q. | When will Time Warner Cable report its next quarterly earnings? |
| A. | Time Warner Cable currently announces quarterly earnings four times a year. To find the scheduled date and details for the next earnings announcement, please refer to the Investor Relations Events & Presentations section of our Web site. |
| Q. | When will Time Warner Cable hold its Annual Meeting of Stockholders? |
| A. | The 2007 Annual Meeting of Stockholders waw held on Wednesday, May 23, 2007. When the next annual meeting date is announced, it will be posted in the Events & Presentation section. |
| Q. | Who are Time Warner Cable's independent auditors? |
| A. | Time Warner Cable's independent auditor is Ernst & Young LLP. |
| Shareholder Services & Contact Information | |
|---|---|
| Q. | How do I request Investor Materials? |
| A. | Copies of Time Warner Cable Inc.'s financial information, such as the Annual Report to Stockholders, Annual Report on Form 10-K filed with the SEC, Quarterly Reports on Form 10-Q, and Proxy Statement, may be ordered, viewed or down-loaded on the company's Web site: www.timewarnercable.com/investors |
| Q. | How can I update my address, transfer my shares, or request a stock certificate? |
| A. | If you are a registered stockholder and have questions regarding your holdings or if there are account changes to be made to the account (mailing address, account name), please contact the Company's transfer agent, BNY Mellon Shareowner Services (formerly named The Bank of New York).
Click here to contact the Transfer Agent If you own stock through a brokerage account, contact your broker who is responsible for your account. |
| Q. | How can I sign up to receive email alerts from Time Warner Cable? |
| A. | Click here to sign up to receive email alerts from Time Warner Cable. |
| Q. | Whom do I contact with additional questions? |
| A. | Contact Time Warner Cable Investor Relations |
| Q. | How do I get more information about Adelphia's bankruptcy process and the distributions? |
| A. | Click here for more information |
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last updated: February 22, 2008
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© 2008 Time Warner Cable Inc. All rights reserved. | ||||||||||||||