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Wednesday, May 24, 2006, 12:16AM ET - U.S. Markets open in 9 hours and 14 minutes. Dow Down 0.24% Nasdaq Down 0.65%

Time Warner Inc. (TWX)On May 23: 17.37  Down 0.03 (0.17%)  
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HereIncome Statement

Income StatementGet Income Statement for:
View: Annual Data | Quarterly DataAll numbers in thousands
PERIOD ENDING31-Mar-0631-Dec-0530-Sep-0530-Jun-05
Total Revenue10,455,000  11,887,000  10,538,000  10,744,000  
Cost of Revenue5,819,000  6,772,000  6,054,000  6,249,000  
Gross Profit4,636,000  5,115,000  4,484,000  4,495,000  
Operating Expenses
Research Development -   -   -   -  
Selling General and Administrative2,600,000  2,815,000  2,564,000  2,571,000  
Non Recurring37,000  (51,000)5,000  3,003,000  
Others133,000  151,000  144,000  152,000  
Total Operating Expenses -   -   -   -  
Operating Income or Loss1,866,000  2,200,000  1,771,000  (1,231,000)
Income from Continuing Operations
Total Other Income/Expenses Net318,000  (254,000)115,000  1,078,000  
Earnings Before Interest And Taxes2,105,000  1,863,000  1,815,000  (225,000)
Interest Expense299,000  45,000  388,000  413,000  
Income Before Tax1,806,000  1,818,000  1,427,000  (638,000)
Income Tax Expense608,000  452,000  530,000  (317,000)
Minority Interest(79,000)(83,000)(71,000)(72,000)
Net Income From Continuing Ops1,198,000  1,366,000  897,000  (321,000)
Non-recurring Events
Discontinued Operations232,000   -   -   -  
Extraordinary Items -   -   -   -  
Effect Of Accounting Changes25,000   -   -   -  
Other Items -   -   -   -  
Net Income1,455,000  1,366,000  897,000  (321,000)
Preferred Stock And Other Adjustments -   -   -   -  
Net Income Applicable To Common Shares$1,455,000  $1,366,000  $897,000  ($321,000)

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