Time Warner Cable 2014 Annual Report Download - page 133

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TIME WARNER CABLE INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Condensed Consolidating Statement of Cash Flows for the Year Ended December 31, 2012
Parent
Company
Guarantor
Subsidiary
Non-
Guarantor
Subsidiaries Eliminations
TWC
Consolidated
Cash provided (used) by operating activities . . $ (191) $ (603) $ 6,319 $ — $ 5,525
INVESTING ACTIVITIES
Capital expenditures ..................... — — (3,095) — (3,095)
Business acquisitions, net of cash acquired .... (1,350) — 10 — (1,340)
Purchases of investments .................. (150) (17) (40) — (207)
Return of capital from investees ............ — 1,112 88 — 1,200
Proceeds from sale, maturity and collection of
investments .......................... — 64 40 — 104
Acquisition of intangible assets ............. (3) — (34) — (37)
Investments in (distributions and sale proceeds
from) consolidated subsidiaries ........... (33) — (392) 425 —
Other investing activities .................. — — 30 — 30
Cash provided (used) by investing activities . . . (1,536) 1,159 (3,393) 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)
Dividends paid .......................... (700) — — — (700)
Repurchases of common stock ............. (1,850) — — — (1,850)
Proceeds from exercise of stock options ...... 140 — — — 140
Excess tax benefit from equity-based
compensation ......................... 62 — 19 — 81
Taxes paid in cash in lieu of shares issued for
equity-based compensation .............. — — (45) — (45)
Acquisition of noncontrolling interest ........ — — (32) — (32)
Net change in investments in and amounts due
to and from consolidated subsidiaries ...... 769 44 (780) (33) —
Other financing activities .................. (16) — (33) — (49)
Cash used by financing activities ........... (471) (556) (2,601) (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
125