Virgin Media 2006 Annual Report Download - page 136

VIRGIN MEDIA INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
21. Condensed Consolidated Financial Information (Continued)
Year ended December 31, 2004
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 £ (26.0) £ 1.1 £ — £ 136.3 £ 137.9 £ — £ 249.3
Investing activities:
Purchases of fixed assets — — — — (274.5) — (274.5)
(Advances to) repayments from
affiliates — (784.1) (21.0) (119.7) 1.0 924.8 1.0
Proceeds from sale of assets — — — — 1.3 — 1.3
Acquisitions, net — — — — (18.8) — (18.8)
Net cash (used in) investing
activities — (784.1) (21.0) (119.7) (291.0) 924.8 (291.0)
Financing activities:
Proceeds from borrowings, net — 784.1 — 2,736.4 473.1 (1,091.6) 2,902.0
Proceeds from employee stock
options 4.4 — — — — — 4.4
Principal payments including
capital lease payments — — — (2,792.8) (662.7) 166.8 (3,288.7)
Net cash provided by (used in)
financing activities 4.4 784.1 — (56.4) (189.6) (924.8) (382.3)
Discontinued operations:
Cash from operating activities — — — — 127.5 — 127.5
Cash used in investing activities — — — — (21.1) — (21.1)
Net cash provided by discontinued
operations — — — — 106.4 — 106.4
Effect of exchange rate changes (3.3) — — — — — (3.3)
(Decrease) increase in cash and
cash equivalents (24.9) 1.1 (21.0) (39.8) (236.3) — (320.9)
Cash and cash equivalents at
beginning of year 63.1 — 21.0 39.8 322.2 — 446.1
Cash and cash equivalents at end of
year £ 38.2 £ 1.1 £ — £ — £ 85.9 £ — £ 125.2
F−57
Source: VIRGIN MEDIA INVESTM, 10−K, March 01, 2007