Time Warner Cable 2011 Annual Report Download - page 129

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TIME WARNER CABLE INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Consolidating Statement of Cash Flows for the Year Ended December 31, 2011
Parent
Company
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries Eliminations
TWC
Consolidated
Cash provided (used) by operating activities ........ $ (202) $ 997 $ 4,907 $ (14) $ 5,688
INVESTING ACTIVITIES
Acquisitions and investments, net of cash acquired
and distributions received ..................... (270) (1,576) (684) 1,900 (630)
Capital expenditures ........................... (1) (743) (2,193) — (2,937)
Other investing activities ....................... 19 6 12 — 37
Cash used by investing activities ................. (252) (2,313) (2,865) 1,900 (3,530)
FINANCING ACTIVITIES
Short-term borrowings (repayments), net ........... 1,619 281 — (1,900) —
Borrowings .................................. 3,227 — — — 3,227
Repayments .................................. — — (44) — (44)
Debt issuance costs ............................ (25) — — — (25)
Proceeds from exercise of stock options ........... 114 — — — 114
Taxes paid in lieu of shares issued for equity-based
compensation .............................. — (25) (4) — (29)
Excess tax benefit from equity-based compensation . . 20 — 28 — 48
Dividends paid ............................... (642) — — — (642)
Repurchases of common stock ................... (2,657) — — — (2,657)
Net change in investments in and amounts due to and
from consolidated subsidiaries ................. 204 1,391 (1,609) 14 —
Other financing activities ....................... (14) — (6) — (20)
Cash provided (used) by financing activities ........ 1,846 1,647 (1,635) (1,886) (28)
Increase in cash and equivalents .................. 1,392 331 407 — 2,130
Cash and equivalents at beginning of year .......... 2,980 67 — — 3,047
Cash and equivalents at end of year ............... $ 4,372 $ 398 $ 407 $ — $ 5,177
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