Shaw 2011 Annual Report Download - page 68
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Shaw Communications Inc.
MANAGEMENT’S DISCUSSION AND ANALYSIS
August 31, 2011
Investing activities
Decrease
(Increase)
(In $000’s Cdn) 2011 2010 2009 2011 2010
Cash flow used in investing
activities (1,349,874) (1,713,839) (966,716) 363,965 (747,123)
The cash required for investing activities in 2011 decreased over the prior year due to the cash
outlay of $744.1 million in 2010 in respect of the Company’s initial investment in CW Media
and the Mountain Cable acquisition partially offset by amounts paid to complete the acquisition
of the media business and higher capital expenditures and inventories in the current year.
Cash requirements were higher in 2010 due to the aforementioned initial investment in CW
Media and the Mountain Cablevision acquisition partially offset by the final cash outlay of
$152.5 million in 2009 in respect of deposits for the wireless spectrum licenses.
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