Virgin Media 2006 Annual Report Download - page 135
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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, 2005
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 £ (98.2) £ 24.2 £ 60.3 £ (42.8) £ 382.1 £ — £ 325.6
Investing activities:
Purchases of fixed assets — — — — (288.1) — (288.1)
Repayments from (advances to)
affiliates 56.2 494.2 519.7 537.2 (796.4) (810.2) 0.7
Proceeds from sale of assets — — — — 2.6 — 2.6
Dividend received 523.8 — — — — (523.8) —
Decrease in restricted cash — — — — 12.4 — 12.4
Proceeds from sale of Broadcast
operations, net — — — — 1,229.0 — 1,229.0
Proceeds from sale of Ireland
operations, net — — — — 216.2 — 216.2
Net cash provided by investing
activities 580.0 494.2 519.7 537.2 375.7 (1,334.0) 1,172.8
Financing activities:
Dividend paid — — (523.8) — — 523.8 —
Proceeds from new borrowings 10.0 58.9 — 739.7 — (808.6) —
Proceeds from employee stock
options 5.0 — — — — — 5.0
Purchase of stock (114.0) — — — — — (114.0)
Principal payments including capital
lease payments — (578.4) (56.2) (1,228.7) (542.1) 1,618.8 (786.6)
Net cash used in financing activities (99.0) (519.5) (580.0) (489.0) (542.1) 1,334.0 (895.6)
Discontinued operations:
Cash from operating activities — — — — (14.3) — (14.3)
Cash used in investing activities — — — — (4.1) — (4.1)
Net cash used by discontinued
operations — — — — (18.4) — (18.4)
Effect of exchange rate changes 25.6 — — — — — 25.6
Increase (decrease) in cash and cash
equivalents 408.4 (1.1) — 5.4 197.3 — 610.0
Cash and cash equivalents at
beginning of year 38.2 1.1 — — 85.9 — 125.2
Cash and cash equivalents at end of
year £ 446.6 £ — £ — £ 5.4 £ 283.2 £ — £ 735.2
F−56
Source: VIRGIN MEDIA INVESTM, 10−K, March 01, 2007