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  "documentTitle": "Time Warner Inc. (TWX)",
  "authorId": "14_Icahn",
  "authorName": "Lazard",
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  "presentationDate": "2006-02-01 00:00:00",
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  "notes": "Includes detailed footnotes regarding pro forma adjustments for Adelphia/Comcast transactions and shareholder litigation settlements.",
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      "kind": "chart",
      "text": "TWX HISTORICAL NET DEBT LEVERAGE VS INTEREST RATES",
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      "kind": "disclaimer",
      "text": "(a) Not pro forma for Adelphia/Comcast transactions... (b) All figures are pro forma for the Adelphia/Comcast transactions... (c) Balance sheet items calculated based on year-ending balance. (d) Capitalization is defined as debt plus the book value of shareholders' equity. (e) Public sources.",
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      "text": "net debt/OIBDA: 1.2x",
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      "text": "TWX pursued the strategy of debt reduction during a period of historically attractive long-term interest rates... TWX's net debt/LTM OIBDA ratio reached 3.0x at the end of 2002... and has declined to the current level of 1.2x as of September 30, 2005.",
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      "text": "Information Source: Company filings.",
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      "kind": "table",
      "text": "Financial data table showing Net Debt, Total Debt, Change in Total Debt, Debt/Cap, and Credit Ratings from 2001 to 2005.",
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      "kind": "title",
      "text": "CHAPTER 3: FINANCIAL STRATEGY AND DEBT CAPACITY",
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