Time Warner Cable (TWC)

Q4 2010 Earnings Call

January 27, 2011 8:30 am ET


Glenn Britt - Chairman and Chief Executive Officer

Tom Robey - IR

Robert Marcus - President, Chief Operating Officer and Chief Financial Officer


John Hodulik - UBS Investment Bank

Jessica Cohen - BofA Merrill Lynch

Laura Martin - Needham & Company, LLC

Benjamin Swinburne - Morgan Stanley

Richard Greenfield - BTIG, LLC

Stefan Anninger - Crédit Suisse AG

Jason Bazinet - Citigroup Inc

Douglas Mitchelson - Deutsche Bank AG

Jason Armstrong - Goldman Sachs Group Inc.

Craig Moffett - Bernstein Research



Hello, and welcome to the Time Warner Cable Fourth Quarter and Full Year 2010 Earnings. [Operator Instructions] 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 2010 Fourth Quarter and Full-year Earnings Conference Call. This morning, we issued two press releases, one detailing our 2010 fourth quarter and full-year results, and the other announcing an increase in and the declaration of our regular quarterly dividend.

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 and adjusted OIBDA less capital expenditures. 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 schedules and earnings release.

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