Time Warner Cable 2011 Annual Report Download - page 122

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TIME WARNER CABLE INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Interest Expense, Net
Interest expense, net, for the years ended December 31, 2011, 2010 and 2009 consisted of (in millions):
Year Ended December 31,
2011 2010 2009
Interest expense ..................................................... $ (1,524) $ (1,397) $ (1,324)
Interest income ..................................................... 6 3 5
Interest expense, net ................................................. $ (1,518) $ (1,394) $ (1,319)
Other Expense, Net
Other expense, net, for the years ended December 31, 2011, 2010 and 2009 consisted of (in millions):
Year Ended December 31,
2011 2010 2009
Loss from equity investments, net ...................................... $ (88) $ (110) $ (49)
Gain (loss) on equity award reimbursement obligation to Time Warner ......... (5) 5 (21)
Direct transaction costs related to the Separation .......................... — — (28)
Other ............................................................ 4 6 12
Other expense, net .................................................. $ (89) $ (99) $ (86)
Supplemental Cash Flow Information
Additional financial information with respect to cash (payments) and receipts for the years ended December 31, 2011,
2010 and 2009 is as follows (in millions):
2011 2010 2009
Cash paid for interest ................................................ $ (1,595) $ (1,458) $ (1,234)
Interest income received(a) ............................................ 161 99 13
Cash paid for interest, net ............................................ $ (1,434) $ (1,359) $ (1,221)
Cash paid for income taxes ........................................... $ (111) $ (481) $ (90)
Cash refunds of income taxes ......................................... 273 93 53
Cash (paid for) refunds of income taxes, net .............................. $ 162 $ (388) $ (37)
(a) Interest income received includes amounts received under interest rate swap contracts.
The consolidated statement of cash flows for the year ended December 31, 2011 does not reflect $18 million of common
stock repurchases that were included in other current liabilities as of December 31, 2011 for which payment was made in
January 2012.
The consolidated statement of cash flows for the year ended December 31, 2010 does not reflect $43 million of common
stock repurchases that were included in other current liabilities as of December 31, 2010 for which payment was made in
January 2011.
Noncash financing activities for the year ended December 31, 2009 included the TW NY Exchange, in which Historic
TW transferred its 12.43% non-voting common stock interest in TW NY to TWC in exchange for 26.7 million newly issued
shares (after giving effect to the TWC Reverse Stock Split) of TWC’s Class A common stock.
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