Time Warner Cable 2012 Annual Report Download - page 136

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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
(recast)
Parent
Company
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries Eliminations
TWC
Consolidated
Cash provided (used) by operating activities ......$ (47) $ (352) $ 6,087 $ — $ 5,688
INVESTING ACTIVITIES
Capital expenditures ......................... (1) — (2,936) — (2,937)
Acquisitions and investments, net of cash acquired
and distributions received ................... (270) (20) (1,959) 1,619 (630)
Other investing activities ..................... 19 — 18 — 37
Cash used by investing activities ............... (252) (20) (4,877) 1,619 (3,530)
FINANCING ACTIVITIES
Short-term borrowings, net .................... 1,619 — — (1,619) —
Proceeds from issuance of long-term debt ........ 3,227———3,227
Repayments of long-term debt assumed in
acquisitions .............................. — — (44) — (44)
Debt issuance costs .......................... (25) — — — (25)
Proceeds from exercise of stock options .......... 114———114
Taxes paid in cash in lieu of shares issued for
equity-based compensation .................. — — (29) — (29)
Excess tax benefit from equity-based
compensation ............................ — — 48 — 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 ............ 108 372 (480) — —
Other financing activities ..................... (14) — (6) — (20)
Cash provided (used) by financing activities ...... 1,730 372 (511) (1,619) (28)
Increase in cash and equivalents ................ 1,431 — 699 — 2,130
Cash and equivalents at beginning of year ........ 2,941 — 106 — 3,047
Cash and equivalents at end of year .............$ 4,372 $ — $ 805 $ — $ 5,177
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