Time Warner Cable 2008 Annual Report Download - page 145
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17. ADDITIONAL FINANCIAL INFORMATION
Other Cash Flow Information
Additional financial information with respect to cash (payments) and receipts is as follows (in millions):
2008 2007 2006
Year Ended December 31,
Cash paid for interest ................................. $ (745) $ (855) $ (667)
Interest income received ............................... 38 10 5
Cash paid for interest, net .............................. $ (707) $ (845) $ (662)
Cash paid for income taxes ............................. $ (40) $ (298) $ (478)
Cash refunds of income taxes ........................... 4 6 4
Cash paid for income taxes, net .......................... $ (36) $ (292) $ (474)
Noncash financing activities for the year ended December 31, 2007 included TWC’s 50% equity interest in the
Houston Pool of TKCCP, valued at $880 million, delivered as the purchase price for Comcast’s 50% equity interest
in the Kansas City Pool of TKCCP.
Noncash financing and investing activities for the year ended December 31, 2006 included shares of TWC’s
common stock, valued at approximately $5.5 billion, delivered as part of the purchase price for the assets acquired
in the Adelphia Acquisition; mandatorily redeemable preferred equity, valued at $2.4 billion, contributed by ATC to
TW NY in connection with the TWE Redemption; Urban Cable, with a fair value of $190 million, transferred as part
of the Exchange; and cable systems with a fair value of approximately $3.1 billion transferred by TWC in the
Redemptions.
Interest Expense, Net
Interest expense, net consists of (in millions):
2008 2007 2006
Year Ended December 31,
Interest income ...................................... $ 38 $ 13 $ 44
Interest expense ..................................... (961) (907) (690)
Total interest expense, net .............................. $ (923) $ (894) $ (646)
Other Current Liabilities
Other current liabilities consists of (in millions):
2008 2007
December 31,
Accrued interest ................................................. $ 368 $ 193
Accrued compensation and benefits . . . ............................... 297 310
Accrued franchise fees ............................................ 181 169
Accrued insurance ............................................... 139 133
Accrued sales and other taxes ....................................... 128 127
Accrued advertising and marketing support ............................. 88 71
Other accrued expenses ........................................... 231 234
Total other current liabilities ........................................ $ 1,432 $ 1,237
135
TIME WARNER CABLE INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)