SEC Filings

10-Q
TIME WARNER INC. filed this Form 10-Q on 08/02/2017
Entire Document
 


Table of Contents

TIME WARNER INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)

 

16.

ADDITIONAL FINANCIAL INFORMATION

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

 

                                                                                           
             Six Months Ended June 30,
             2017   2016

Cash Flows

        

Cash payments made for interest

       $             (543   $             (676

Interest income received

         38       82  
      

 

 

 

 

 

 

 

Cash interest payments, net

       $ (505   $ (594
      

 

 

 

 

 

 

 

        

Cash payments made for income taxes

       $ (810   $ (686

Income tax refunds received

         19       18  
      

 

 

 

 

 

 

 

Cash tax payments, net

       $ (791   $ (668
      

 

 

 

 

 

 

 

     Three Months Ended June 30,   Six Months Ended June 30,
     2017   2016   2017   2016

Interest Expense, Net

        

Interest income

   $ 57     $ 56     $ 106     $ 119  

Interest expense

     (306     (348     (614     (695
  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total interest expense, net

   $             (249   $             (292   $             (508   $             (576
  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

     Three Months Ended June 30,   Six Months Ended June 30,
     2017   2016   2017   2016

Other Income (Loss), Net

        

Investment gains, net

   $ 96     $ 47     $ 255     $ 36  

Loss on equity method investees

     (19     (168     (95     (202

Other

     (6     (10     (13     (5
  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total other income (loss), net

   $ 71     $ (131   $ 147     $ (171
  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

             June 30,
2017
  December 31,
2016

Accounts Payable and Accrued Liabilities

        

Accounts payable

       $ 534     $ 527  

Other accrued expenses

         1,442       1,878  

Participations payable

         2,601       2,525  

Programming costs payable

         837       776  

Accrued compensation

         799       1,004  

Accrued interest

         352       320  

Accrued dividends

         316        

Accrued income taxes

         150       162  
      

 

 

 

 

 

 

 

Total accounts payable and accrued liabilities

       $             7,031     $             7,192  
      

 

 

 

 

 

 

 

 

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