15. SEGMENT INFORMATION
Time Warner classifies its operations into four reportable segments: Turner: consisting principally of cable networks and digital media properties; Home Box Office: consisting principally of premium pay television services domestically and premium pay and basic tier television services internationally; Warner Bros.: consisting principally of feature film, television, home video and videogame production and distribution; and Time Inc.: consisting principally of magazine publishing and related websites and operations. In the fourth quarter of 2013, the Company separated its former Networks reportable segment into two reportable segments: Turner and Home Box Office. In addition, during the fourth quarter of 2013, the Company changed the names of its Film and TV Entertainment reportable segment to Warner Bros. and its Publishing reportable segment to Time Inc. The new presentation had no impact on the historical consolidated financial information previously reported by the Company.
The Revenues, intersegment revenues, depreciation of property, plant, and equipment, Amortization of intangible assets, Operating Income (Loss), Assets and Capital expenditures in each of Time Warner's reportable segments is set forth below (millions):
| Year Ended December 31, 2013 | ||||||||||||||||
| Subscription | Advertising | Content | Other | Total | ||||||||||||
| Revenues | ||||||||||||||||
| Turner | $ | 4,896 | $ | 4,534 | $ | 363 | $ | 190 | $ | 9,983 | ||||||
| Home Box Office | 4,231 | - | 658 | 1 | 4,890 | |||||||||||
| Warner Bros. | 130 | 81 | 11,764 | 337 | 12,312 | |||||||||||
| Time Inc. | 1,129 | 1,807 | 86 | 332 | 3,354 | |||||||||||
| Intersegment eliminations | (7) | (96) | (631) | (10) | (744) | |||||||||||
| Total revenues | $ | 10,379 | $ | 6,326 | $ | 12,240 | $ | 850 | $ | 29,795 | ||||||
| Year Ended December 31, 2012 | ||||||||||||||||
| Subscription | Advertising | Content | Other | Total | ||||||||||||
| Revenues | ||||||||||||||||
| Turner | $ | 4,660 | $ | 4,315 | $ | 369 | $ | 183 | $ | 9,527 | ||||||
| Home Box Office | 4,010 | - | 676 | - | 4,686 | |||||||||||
| Warner Bros. | 117 | 81 | 11,522 | 298 | 12,018 | |||||||||||
| Time Inc. | 1,210 | 1,819 | 91 | 316 | 3,436 | |||||||||||
| Intersegment eliminations | - | (94) | (826) | (18) | (938) | |||||||||||
| Total revenues | $ | 9,997 | $ | 6,121 | $ | 11,832 | $ | 779 | $ | 28,729 | ||||||
| Year Ended December 31, 2011 | ||||||||||||||||
| Subscription | Advertising | Content | Other | Total | ||||||||||||
| Revenues | ||||||||||||||||
| Turner | $ | 4,398 | $ | 4,196 | $ | 417 | $ | 155 | $ | 9,166 | ||||||
| Home Box Office | 3,768 | - | 730 | - | 4,498 | |||||||||||
| Warner Bros. | 86 | 85 | 12,274 | 193 | 12,638 | |||||||||||
| Time Inc. | 1,271 | 1,923 | 84 | 399 | 3,677 | |||||||||||
| Intersegment eliminations | - | (88) | (870) | (47) | (1,005) | |||||||||||
| Total revenues | $ | 9,523 | $ | 6,116 | $ | 12,635 | $ | 700 | $ | 28,974 | ||||||
| Year Ended December 31, | ||||||||||
| 2013 | 2012 | 2011 | ||||||||
| Intersegment Revenues | ||||||||||
| Turner | $ | 95 | $ | 91 | $ | 84 | ||||
| Home Box Office | 14 | 14 | 18 | |||||||
| Warner Bros. | 625 | 812 | 854 | |||||||
| Time Inc. | 10 | 21 | 49 | |||||||
| Total intersegment revenues | $ | 744 | $ | 938 | $ | 1,005 | ||||
| Year Ended December 31, | ||||||||||
| 2013 | 2012 | 2011 | ||||||||
| Depreciation of Property, Plant and Equipment | ||||||||||
| Turner | $ | (231) | $ | (238) | $ | (251) | ||||
| Home Box Office | (91) | (85) | (75) | |||||||
| Warner Bros. | (200) | (202) | (198) | |||||||
| Time Inc. | (85) | (91) | (100) | |||||||
| Corporate | (28) | (28) | (29) | |||||||
| Total depreciation of property, plant and equipment | $ | (635) | $ | (644) | $ | (653) | ||||
| Year Ended December 31, | ||||||||||
| 2013 | 2012 | 2011 | ||||||||
| Amortization of Intangible Assets | ||||||||||
| Turner | $ | (21) | $ | (25) | $ | (33) | ||||
| Home Box Office | (9) | (7) | (8) | |||||||
| Warner Bros. | (179) | (180) | (186) | |||||||
| Time Inc. | (42) | (36) | (42) | |||||||
| Total amortization of intangible assets | $ | (251) | $ | (248) | $ | (269) | ||||
| Year Ended December 31, | ||||||||||
| 2013 | 2012 | 2011 | ||||||||
| Operating Income (Loss) | ||||||||||
| Turner | $ | 3,486 | $ | 3,172 | $ | 3,014 | ||||
| Home Box Office | 1,791 | 1,547 | 1,402 | |||||||
| Warner Bros. | 1,324 | 1,228 | 1,263 | |||||||
| Time Inc. | 337 | 420 | 563 | |||||||
| Corporate | (394) | (352) | (347) | |||||||
| Intersegment eliminations | 61 | (97) | (90) | |||||||
| Total operating income (loss) | $ | 6,605 | $ | 5,918 | $ | 5,805 | ||||
| December 31, 2013 | December 31, 2012 | ||||||
| Assets | |||||||
| Turner | $ | 26,067 | $ | 25,953 | |||
| Home Box Office | 13,687 | 13,297 | |||||
| Warner Bros. | 20,066 | 19,853 | |||||
| Time Inc. | 5,667 | 5,850 | |||||
| Corporate | 2,507 | 3,136 | |||||
| Total assets | $ | 67,994 | $ | 68,089 | |||
| Year Ended December 31, | ||||||||||
| 2013 | 2012 | 2011 | ||||||||
| Capital Expenditures | ||||||||||
| Turner | $ | 210 | $ | 229 | $ | 235 | ||||
| Home Box Office | 45 | 65 | 95 | |||||||
| Warner Bros. | 236 | 270 | 313 | |||||||
| Time Inc. | 34 | 34 | 48 | |||||||
| Corporate | 77 | 45 | 81 | |||||||
| Total capital expenditures | $ | 602 | $ | 643 | $ | 772 | ||||
Long-lived hard assets located outside the United States, which represent approximately 1% of total assets at December 31, 2013, are not material. Revenues in different geographical areas are as follows (millions):
| Year Ended December 31, | ||||||||||
| 2013 | 2012 | 2011 | ||||||||
| Revenues(a) | ||||||||||
| United States and Canada | $ | 21,411 | $ | 20,729 | $ | 20,634 | ||||
| Europe(b) | 4,956 | 4,757 | 5,142 | |||||||
| Asia/Pacific Rim | 1,666 | 1,645 | 1,599 | |||||||
| Latin America | 1,534 | 1,346 | 1,358 | |||||||
| All Other | 228 | 252 | 241 | |||||||
| Total revenues | $ | 29,795 | $ | 28,729 | $ | 28,974 | ||||
| ____________ | ||||||||||
(a) Revenues are attributed to region based on location of customer.
(b) Revenues in the EuroZone countries comprise approximately 44%, 45% and 46% of Europe Revenues for the years ended 2013, 2012 and 2011, respectively.