Time Warner Cable (TWC)

 

Cash and equivalents include money market funds, overnight deposits and other investments that are readily convertible into cash and have original maturities of three months or less. Cash equivalents are carried at cost, which approximates fair value.

 

 

Cash and equivalents include money market funds, overnight deposits and other investments that are readily convertible into cash and have original maturities of three months or less. Cash equivalents are carried at cost, which approximates fair value.

 

The Company invests its cash and equivalents in a combination of money market, government and treasury funds, as well as bank certificates of deposit, in accordance with the Company’s investment policy of diversifying its investments and limiting the amount of its investments in a single entity or fund. Consistent with the foregoing, the Company invested a portion of the cash proceeds of the June 2008 Bond Offering (as defined in Note 7) in The Reserve Fund’s Primary Fund (“The Reserve Fund”). On the morning of September 15, 2008, the Company requested a full redemption of its $490 million investment in The Reserve Fund, but the redemption request was not honored. On September 22, 2008, The Reserve Fund announced that redemptions of shares were suspended pursuant to a Securities and Exchange Commission (“SEC”) order requested by The Reserve Fund so that an orderly liquidation could be effected. Through December 31, 2008, the Company has received $387 million from The Reserve Fund representing its pro rata share of partial distributions made by The Reserve Fund. The Company has not been informed as to when the remaining amount will be returned. However, the Company believes its remaining receivable is recoverable. As a result of the status of The Reserve Fund, the Company has classified the remaining $103 million receivable from The Reserve Fund as of December 31, 2008 as prepaid expenses and other current assets in the Company’s consolidated balance sheet and within investments and acquisitions, net of cash acquired and distributions received, in the Company’s consolidated statement of cash flows.

 

 

Cash and equivalents include money market funds, overnight
deposits and other investments that are readily convertible into
cash and have original maturities of three months or less. Cash
equivalents are carried at cost, which approximates fair value.

 

The Company invests its cash and equivalents in a combination of
money market, government and treasury funds, as well as bank
certificates of deposit, in accordance with the Company’s
investment policy of diversifying its investments and limiting
the amount of its investments in a single entity or fund.
Consistent with the foregoing, the Company invested a portion of
the cash proceeds of the June 2008 Bond Offering (as defined in
Note 7) in The Reserve Fund’s Primary Fund
(“The Reserve Fund”). On the morning of
September 15, 2008, the Company requested a full redemption
of its $490 million investment in The Reserve Fund, but the
redemption request was not honored. On September 22, 2008,
The Reserve Fund announced that redemptions of shares were
suspended pursuant to a Securities and Exchange Commission
(“SEC”) order requested by The Reserve Fund so that an
orderly liquidation could be effected. Through December 31,
2008, the Company has received $387 million from The
Reserve Fund representing its pro rata share of partial
distributions made by The Reserve Fund. The Company has not been
informed as to when the remaining amount will be returned.
However, the Company believes its remaining receivable is
recoverable. As a result of the status of The Reserve Fund, the
Company has classified the remaining $103 million
receivable from The Reserve Fund as of December 31, 2008 as
prepaid expenses and other current assets in the Company’s
consolidated balance sheet and within investments and
acquisitions, net of cash acquired and distributions received,
in the Company’s consolidated statement of cash flows.

 

 

Cash and equivalents include money market funds, overnight deposits and other investments that are readily convertible into cash and have original maturities of three months or less. Cash equivalents are carried at cost, which approximates fair value.

 

Cash and equivalents include money market funds, overnight deposits and other investments that are readily convertible into cash and have original maturities of three months or less. Cash equivalents are carried at cost, which approximates fair value.