HEINZ H J CO | 2013 | FY | 3


Supplemental Cash Flows Information

Successor

Predecessor

February 8 - December 29, 2013

April 29 - June 7, 2013

April 28,
2013
FY 2013

April 29,
2012
FY 2012

April 27,
2011
FY 2011
 
(In thousands)
Cash Paid During the Period For:






 


 


 

Interest
$
259,335


$
42,376


$
285,324


$
277,954


$
268,131

Income taxes
$
131,213


$
31,912


$
327,046


$
265,547


$
154,527


In addition, the Company acted as servicer for approximately $76.5 million, $184.3 million and $205.6 million of trade receivables which were sold to unrelated third parties without recourse as of December 29, 2013, 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 December 29, 2013, 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.

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