Time Warner Cable 2006 Annual Report Download - page 149

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15. ADDITIONAL FINANCIAL INFORMATION
Other Cash Flow Information
Additional financial information with respect to cash (payments) and receipts is as follows (in millions):
2006 2005 2004
Year Ended December 31,
Cash paid for interest, net .................................... $(662) $(507) $(492)
Cash paid for income taxes ................................... $(529) $(541) $ (48)
Cash refunds of income taxes.................................. 4 6 61
Cash paid for income taxes, net .............................. $(525) $(535) $ 13
Noncash financing and investing activities during 2006 included the transfer of shares of TWC’s common
stock, valued at $5.5 billion, as part of the purchase price for the assets acquired in the Adelphia Acquisition; the
contribution by ATC to TW NY Holding of mandatorily redeemable preferred equity, valued at $2.4 billion, in
connection with the TWE Redemption; the transfer of Urban Cable, with a fair value of $190 million, in connection
with the Exchange; and the transfer of cable systems with a fair value of $3.1 billion in connection with the
Redemptions.
Additional information with respect to capital expenditures from continuing operations is as follows (in
millions):
Year Ended
December 31, 2006
Cash paid for capital expenditures from continuing operations ................ $(2,718)
Increase in accruals for capital expenditures ............................. (138)
Accrual basis capital expenditures from continuing operations ................ $(2,856)
As of
December 31, 2006
Accruals for capital expenditures
(a)
.................................... $409
(a)
Accruals for capital expenditures from continuing operations are included in accounts payable in the accompanying consolidated
balance sheet.
The difference between cash and accrual capital expenditures is not material in 2005 and 2004.
Interest Expense, Net
Interest expense, net consists of (in millions):
2006 2005 2004
Year Ended December 31,
Interest income ............................................ $ 44 $ 37 $ 26
Interest expense ............................................ (690) (501) (491)
Total interest expense, net .................................. $(646) $(464) $(465)
144
TIME WARNER CABLE INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)