Virgin Media 2006 Annual Report Download - page 134

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VIRGIN MEDIA INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
21. Condensed Consolidated Financial Information (Continued)
Year ended December 31, 2006
Statements of cash flows Company
Virgin
Media
Finance Other
guarantors VMIH All other
subsidiaries Adjustments Total
(in millions)
Net cash (used in) provided by
operating activities £ (34.2) £ (8.8) £ 87.3 £ 48.7 £ 693.1 £ — £ 786.1
Investing activities:
Purchases of fixed assets — — — — (544.8) — (544.8)
Purchases of intangible asset — — — — (10.0) — (10.0)
Payments in relation to
acquisitions — — (2,423.1) — — — (2,423.1)
Telewest reorganization — — (4,220.6) (5,956.5) 3,535.9 6,641.2 —
Repayments from (advances to)
affiliates 6.4 (286.6) 60.2 3,962.0 (3,726.3) — 15.7
Proceeds from sale of assets — — — — 2.4 — 2.4
Dividend received — — — — — —
Decrease in restricted cash — — — — 5.8 — 5.8
Proceeds from sale of Broadcast
operations, net — — — — — — —
Proceeds from sale of Ireland
operations, net — — — — — — —
Net cash provided by investing
activities 6.4 (286.6) (6,583.5) (1,994.5) (737.0) 6,641.2 (2,954.0)
Financing activities:
Dividend paid (8.5) — — — — — (8.5)
Proceeds from new borrowings, net — 871.2 1,784.4 4,593.3 1,686.7 — 8,935.6
Issuance of stock — — 4,220.6 2,420.6 — (6,641.2) —
Proceeds from employee stock
options 38.7 — — — — — 38.7
Share redemption — — 1,800.0 (2,350.8) 550.8 — —
Purchase of stock — — — — — — —
Principal payments including
capital lease payments — (575.8) (1,709.9) (2,722.5) (2,092.4) — (7,100.6)
Net cash used in financing
activities 30.2 295.4 6,095.1 1,940.6 145.1 (6,641.2) 1,865.2
Discontinued operations:
Cash from operating activities — — — — — — —
Cash used in investing activities — — — — — — —
Net cash used by discontinued
operations — — — — — — —
Effect of exchange rate changes — — (14.0) — — — (14.0)
Increase (decrease) in cash and
cash equivalents 2.4 — (415.1) (5.2) 101.2 — (316.7)
Cash and cash equivalents at
beginning of year — — 446.6 5.4 283.2 — 735.2
Cash and cash equivalents at end
of year £ 2.4 £ — £ 31.5 £ 0.2 £ 384.4 £ — £ 418.5
F−55
Source: VIRGIN MEDIA INVESTM, 10−K, March 01, 2007