Time Warner Cable Management Discusses Q2 2012 Results - Earnings Call Transcript

Time Warner Cable (TWC)

Q2 2012 Earnings Call

August 02, 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

Douglas D. Mitchelson - Deutsche Bank AG, Research Division

Philip Cusick - JP Morgan Chase & Co, Research Division

Jessica Reif Cohen - BofA Merrill Lynch, Research Division

Stefan Anninger - Crédit Suisse AG, Research Division

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

Tuna N. Amobi - S&P Equity Research

Benjamin Swinburne - Morgan Stanley, Research Division

Richard Greenfield - BTIG, LLC, Research Division

Presentation

Operator

Hello and welcome to the Time Warner Cable's Second 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'll 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 Second Quarter Earnings Conference Call. This morning, we issued a press release detailing our 2012 second quarter results.

Before we begin, there are a couple of items I want 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 or our training schedules.

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