NOTE 15. SUPPLEMENTAL CASH FLOW AND OTHER INFORMATION
Cash paid for income taxes in the year ended September 30, 2013 reflects the benefit from the retroactive reenactment of legislation allowing for accelerated tax deductions on certain qualified film and television productions. Cash paid for income taxes in 2012 is net of approximately $100 million related to a federal tax refund resulting from the carryback of capital losses against taxes previously paid on capital gains.
Sales of HBO Pacific Partners and LAPTV
In the fourth quarter of 2013, we completed the sales of our 20% interest in HBO Pacific Partners and our 22.5% interest in LAPTV, partnerships that own pay television channels under various brand names and that were accounted for under the equity method. The sales resulted in aggregate total proceeds of $124 million and a gain of $111 million.
Accounts Receivable
We had $379 million and $372 million of noncurrent trade receivables as of September 30, 2013 and 2012, respectively. The accounts receivable were primarily in the Filmed Entertainment segment, included within Other assets in our Consolidated Balance Sheets, and principally related to long-term television license arrangements. Such amounts are due in accordance with the underlying terms of the respective agreements and are principally from investment grade companies with which we have historically done business under similar terms, for which credit loss allowances are generally not considered necessary.
Collaborative Arrangements
Our collaborative arrangements principally relate to contractual arrangements with other studios to jointly finance and distribute theatrical productions (“co-financing arrangements”). A co-financing arrangement typically involves joint ownership of the film asset with each partner responsible for distribution of the film in specific territories. The partners share in the profits and losses of the film in accordance with their respective ownership interest. The amounts recorded in the Consolidated Statements of Earnings related to collaborative arrangements were not material.
| Year Ended | |||||||||
| Supplemental Cash Flow Information | September 30, | ||||||||
| (in millions) | 2013 | 2012 | 2011 | ||||||
| Cash paid for interest* | $ | 475 | $ | 409 | $ | 420 | |||
| Cash paid for income taxes | $ | 463 | $ | 1,069 | $ | 1,050 | |||
| *Includes cash payments related to discontinued operations of $28 million and $3 million in 2013 and 2012, respectively. | |||||||||
| Year Ended | |||||||||
| Interest Expense, net | September 30, | ||||||||
| (in millions) | 2013 | 2012 | 2011 | ||||||
| Interest expense | $ | (468) | $ | (425) | $ | (419) | |||
| Interest income | 4 | 8 | 7 | ||||||
| Interest expense, net | $ | (464) | $ | (417) | $ | (412) | |||
| Year Ended | |||||||||
| Other Items, net | September 30, | ||||||||
| (in millions) | 2013 | 2012 | 2011 | ||||||
| Gain on sale of HBO Pacific Partners and LAPTV | $ | 111 | $ | - | $ | - | |||
| Other investment gains | 46 | - | - | ||||||
| Impairment of investment | (23) | - | - | ||||||
| Foreign exchange loss | (23) | (8) | (4) | ||||||
| Other gains/(losses) | (5) | 3 | (2) | ||||||
| Other items, net | $ | 106 | $ | (5) | $ | (6) | |||
| Year Ended | |||||||||
| Redeemable Noncontrolling Interest | September 30, | ||||||||
| (in millions) | 2013 | 2012 | 2011 | ||||||
| Beginning balance | $ | 179 | $ | 152 | $ | 131 | |||
| Net earnings | 14 | 16 | 12 | ||||||
| Distributions | (13) | (16) | (12) | ||||||
| Translation adjustment | (4) | 7 | (1) | ||||||
| Redemption value adjustment | 24 | 20 | 22 | ||||||
| Ending balance | $ | 200 | $ | 179 | $ | 152 | |||