Twenty-First Century Fox 2011 Annual Report Download - page 88

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Notes to the Consolidated Financial Statements (continued)
NOTE 22. Valuation and Qualifying Accounts
Balance at
beginning
of year Additions
Acquisitions
and
disposals Utilization
Foreign
exchange
Balance at
end of
year
(in millions)
Fiscal 2011
Allowances for returns and doubtful accounts $(1,170) $(1,102) $— $1,248 $(75) $(1,099)
Deferred tax valuation allowance (2,089) (148) — 228 — (2,009)
Fiscal 2010
Allowances for returns and doubtful accounts (1,158) (1,288) 1 1,241 34 (1,170)
Deferred tax valuation allowance (1,370) (1,244) — 525 — (2,089)
Fiscal 2009
Allowances for returns and doubtful accounts (1,089) (1,498) — 1,377 52 (1,158)
Deferred tax valuation allowance (1,406) (128) — 164 — (1,370)
NOTE 23. Additional Financial Information
Supplemental Cash Flow Information
2011 2010 2009
For the years ended June 30, (in millions)
Supplemental cash flow information:
Cash paid for income taxes $ (933) $(767) $(1,192)
Cash paid for interest (950) (968) (871)
Sale of other investments 55 16 14
Purchase of other investments (377) (101) (90)
Supplemental information on businesses acquired:
Fair value of assets acquired 1,609 138 650
Cash acquired 72 6 3
Less: Liabilities assumed (742) 6 97
Noncontrolling interests (increase) decrease (20) (1) 62
Cash paid (903) (149) (812)
Fair value of equity instruments issued to third parties 16 — —
Issuance of subsidiary common units (16) — —
Fair value of equity instruments consideration $—$—$ —
The following table sets forth the components of Other, net included in the accompanying consolidated statements of operations:
2011 2010 2009
For the years ended June 30, (in millions)
Gain on STAR China transaction(a) $ 55 $ — $ —
Loss on disposal of Fox Mobile(a) (29) — —
Gain (loss) on the sale of eastern European television stations(a) — 195 (100)
Gain (loss) on the financial indexes business transaction(a) 43 (23) —
Loss on Photobucket transaction(a) — (32) —
Gain on sale of NDS shares(a) — — 1,249
Gain on the sale of the Stations(a) — — 232
Loss on early extinguishment of debt(b) (36) — —
Impairment of cost based investments(c) — (3) (113)
Change in fair value of exchangeable and convertible securities(c)(d) 46 3 77
Other (61) (71) (89)
Total Other, net $ 18 $ 69 $1,256
86 News Corporation