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Time Warner Cable Management Discusses Q1 2012 Results - Earnings Call Transcript

Time Warner Cable (TWC)

Q1 2012 Earnings Call

April 26, 2012 8:30 am ET

Executives

Tom Robey -

Glenn A. Britt - Chairman and Chief Executive officer

Robert D. Marcus - President and Chief Operating Officer

Irene M. Esteves - Chief Financial Officer and Executive Vice President

Analysts

Benjamin Swinburne - Morgan Stanley, Research Division

Jessica Reif Cohen - BofA Merrill Lynch, Research Division

Craig Moffett - Sanford C. Bernstein & Co., LLC., Research Division

Richard Greenfield - BTIG, LLC, Research Division

Jason B. Bazinet - Citigroup Inc, Research Division

Douglas D. Mitchelson - Deutsche Bank AG, Research Division

Marci Ryvicker - Wells Fargo Securities, LLC, Research Division

Presentation

Operator

Hello, and welcome to Time Warner Cable First Quarter 2012 Earnings Conference Call. [Operator Instructions] Today's conference is being recorded. If you have any objections, you may disconnect at this time. Now I will turn the call over to Mr. Tom Robey, Senior Vice President of Time Warner Cable Investor Relations. Thank you. You may begin.

Tom Robey

Thanks, Candy, and good morning, everyone. Welcome to Time Warner Cable's 2012 First Quarter Earnings Conference Call. This morning, we issued a press release detailing our 2012 first quarter results.

Before we begin, there are several items I need to cover. First, we refer to certain non-GAAP measures including operating income before depreciation and amortization or OIBDA. In addition, we refer to adjusted OIBDA, adjusted OIBDA less capital expenditures and adjusted diluted earnings per share. Definitions and schedules setting out reconciliations of these historical non-GAAP financial measures to the most directly comparable GAAP financial measures are included in our earnings release and our trending schedules.

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