Supplemental Cash Flows Information
|
| | | | | | | | | | | |
| 2013 | | 2012 | | 2011 |
| (In thousands) |
Cash Paid During the Year For: | |
| | |
| | |
|
Interest | $ | 285,324 |
| | $ | 277,954 |
| | $ | 268,131 |
|
Income taxes | $ | 327,046 |
| | $ | 265,547 |
| | $ | 154,527 |
|
Details of Acquisitions: | |
| | |
| | |
|
Fair value of assets | $ | — |
| | $ | — |
| | $ | 1,057,870 |
|
Liabilities(1) | — |
| | (3,250 | ) | | 274,294 |
|
Redeemable noncontrolling interest(2) | — |
| | — |
| | 124,669 |
|
Cash paid | — |
| | 3,250 |
| | 658,907 |
|
Less cash acquired | — |
| | — |
| | 40,605 |
|
Net cash paid for acquisitions | $ | — |
| | $ | 3,250 |
| | $ | 618,302 |
|
_______________________________________
| |
(1) | Includes contingent obligations to sellers of $44.5 million in 2011. |
| |
(2) | See Note 18 for additional information. |
In addition, the Company acted as servicer for approximately $184.3 million and $205.6 million of trade receivables which were sold to unrelated third parties without recourse as of April 28, 2013 and April 29, 2012, respectively. These trade receivables are short-term in nature. The proceeds from these sales are also recognized on the statements of cash flows as a component of operating activities.
The Company has not recorded any servicing assets or liabilities as of April 28, 2013 or April 29, 2012 for the arrangements discussed above because the fair value of these servicing agreements as well as the fees earned were not material to the financial statements.
