Time Warner Cable 2010 Annual Report Download - page 132

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Consolidating Statement of Cash Flows
Year Ended December 31, 2010
Parent
Company
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries Eliminations
TWC
Consolidated
(in millions)
Cash provided (used) by operating activities .... $ (480) $ 892 $ 4,794 $ 12 $ 5,218
INVESTING ACTIVITIES
Acquisitions and investments, net of cash
acquired and distributions received ......... 35 (992) (164) 1,169 48
Capital expenditures ...................... (35) (617) (2,278) — (2,930)
Other investing activities .................. — 1 9 — 10
Cash used by investing activities ............ — (1,608) (2,433) 1,169 (2,872)
FINANCING ACTIVITIES
Borrowings (repayments), net ............... (271) 179 — (1,169) (1,261)
Borrowings . ........................... 1,872 — — — 1,872
Repayments . ........................... — (8) — — (8)
Debt issuance costs ...................... (25) — — — (25)
Proceeds from exercise of stock options ....... 113 — — — 113
Dividends paid.......................... (576) — — — (576)
Repurchases of common stock .............. (472) — — — (472)
Net change in investments in and amounts due to
and from consolidated subsidiaries ......... 1,778 597 (2,365) (10) —
Other financing activities .................. (7) 15 4 (2) 10
Cash provided (used) by financing activities .... 2,412 783 (2,361) (1,181) (347)
Increase in cash and equivalents ............. 1,932 67 — — 1,999
Cash and equivalents at beginning of period .... 1,048 — — — 1,048
Cash and equivalents at end of period ......... $ 2,980 $ 67 $ — $ — $ 3,047
120
TIME WARNER CABLE INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)