Time Warner Cable 2011 Annual Report Download - page 130

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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, 2010
Parent
Company
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries Eliminations
TWC
Consolidated
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
Short-term 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 ........... 122 — — — 122
Taxes paid in lieu of shares issued for equity-based
compensation .............................. (9) — — — (9)
Excess tax benefit from equity-based
compensation .............................. — 15 4 — 19
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) — — (2) (9)
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 year ......... 1,048 — — — 1,048
Cash and equivalents at end of year .............. $ 2,980 $ 67 $ — $ — $ 3,047
122