TIME WARNER INC. | 2013 | FY | 3


19.       ADDITIONAL FINANCIAL INFORMATION

 

Additional financial information with respect to cash payments and receipts, Interest expense, net, Other loss, net, Accounts payable and accrued liabilities and Other noncurrent liabilities is as follows (millions):

   Year Ended December 31,
   2013 2012 2011
 Cash Flows        
 Cash payments made for interest $ (1,202) $ (1,262) $ (1,119)
 Interest income received   44   42   40
 Cash interest payments, net $ (1,158) $ (1,220) $ (1,079)
           
 Cash payments made for income taxes $ (1,252) $ (1,346) $ (1,174)
 Income tax refunds received   87   78   95
 TWC tax sharing payments(a)   -   (6)   -
 Cash tax payments, net $ (1,165) $ (1,274) $ (1,079)
 ___________         

(a)        Represents net amounts paid to TWC in accordance with a tax sharing agreement with TWC.

 

   Year Ended December 31,
   2013 2012 2011
 Interest Expense, Net       
 Interest income $ 93 $ 107 $ 111
 Interest expense   (1,283)   (1,360)   (1,321)
 Total interest expense, net $ (1,190) $ (1,253) $ (1,210)

   Year Ended December 31,
   2013 2012 2011
 Other Loss, Net       
 Investment gains (losses), net $ 61 $ (30) $ (136)
 Loss on equity method investees   (152)   (183)   (79)
 Other   (21)   (4)   (21)
 Total other loss, net $ (112) $ (217) $ (236)

   December 31, 2013 December 31, 2012
 Accounts Payable and Accrued Liabilities     
 Accounts payable $ 693 $ 771
 Accrued expenses   1,925   2,176
 Participations payable   2,302   2,461
 Programming costs payable   706   747
 Accrued compensation   1,224   1,075
 Accrued interest   313   323
 Accrued income taxes   159   486
 Total accounts payable and accrued liabilities $ 7,322 $ 8,039

   December 31, 2013 December 31, 2012
 Other Noncurrent Liabilities     
 Noncurrent tax and interest reserves $ 2,561 $ 2,482
 Participations payable   1,078   963
 Programming costs payable   1,076   1,092
 Noncurrent pension and post-retirement liabilities   733   1,058
 Deferred compensation   573   580
 Other noncurrent liabilities   463   546
 Total other noncurrent liabilities $ 6,484 $ 6,721

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