Time Warner Cable 2012 Annual Report Download - page 135

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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, 2012
Parent
Company
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries Eliminations
TWC
Consolidated
Cash provided (used) by operating activities ......$ (190) $ (762) $ 6,477 $ — $ 5,525
INVESTING ACTIVITIES ..................
Capital expenditures ......................... — — (3,095) — (3,095)
Acquisitions and investments, net of cash acquired
and distributions received (1,386) (17) (330) 425 (1,308)
Proceeds from SpectrumCo’s sale of spectrum
licenses ................................. — 1,112 — — 1,112
Proceeds from sale of investment in Clearwire .... — — 64 — 64
Short-term investments in U.S. Treasury
securities ................................ (150) — — — (150)
Other investing activities ..................... — — 32 — 32
Cash provided (used) by investing activities ...... (1,536) 1,095 (3,329) 425 (3,345)
FINANCING ACTIVITIES ..................
Short-term borrowings, net .................... 392 — — (392) —
Proceeds from issuance of long-term debt ........ 2,258———2,258
Repayments of long-term debt ................. (1,500) (600) — — (2,100)
Repayments of long-term debt assumed in
acquisitions .............................. — — (1,730) — (1,730)
Debt issuance costs .......................... (26) — — — (26)
Proceeds from exercise of stock options .......... 140———140
Taxes paid in cash in lieu of shares issued for
equity-based compensation — — (45) — (45)
Excess tax benefit from equity-based compensation 62 — 19 — 81
Dividends paid ............................. (700) — — — (700)
Repurchases of common stock ................. (1,850) — — — (1,850)
Acquisition of noncontrolling interest ........... — — (32) — (32)
Net change in investments in and amounts due to
and from consolidated subsidiaries ............ 768 267 (1,002) (33) —
Other financing activities ..................... (16) — (33) — (49)
Cash used by financing activities ............... (472) (333) (2,823) (425) (4,053)
Increase (decrease) in cash and equivalents ....... (2,198) — 325 — (1,873)
Cash and equivalents at beginning of year ........ 4,372 — 805 — 5,177
Cash and equivalents at end of year .............$ 2,174 $ — $ 1,130 $ — $ 3,304
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