Virgin Media 2007 Annual Report Download - page 144

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VIRGIN MEDIA INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
20. Condensed Consolidated Financial Information (Continued)
Year ended December 31, 2006
Virgin
Media Other All other
Statement of cash flows Company Finance guarantors VMIH subsidiaries Adjustments Total
(in millions)
Net cash provided by (used in)
operating activities ......... £(34.2) £ (8.8) £ 87.3 £ 48.7 £ 693.1 £ — £ 786.1
Investing activities:
Purchases of fixed and intangible
assets ................... — — — — (554.8) — (554.8)
Acquisitions net of cash acquired — — (2,423.1) — — — (2,423.1)
Telewest reorganization ....... — — (4,220.6) (5,956.5) 3,535.9 6,641.2 —
Investments in, and loans to
equity investments, parent and
subsidiary companies ........ 6.4 (286.6) 60.2 3,962.0 (3,726.3) — 15.7
Other .................... — — — — 8.2 — 8.2
Net cash (used in) provided by
investing activities .......... 6.4 (286.6) (6,583.5) (1,994.5) (737.0) 6,641.2 (2,954.0)
Financing activities:
Dividends paid .............. (8.5) — — — — — (8.5)
New borrowings net of financing
fees .................... — 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
option exercises ........... 38.7 — — — — — 38.7
Share redemption ............ — — 1,800.0 (2,350.8) 550.8 — —
Principal payments on long term
debt and capital leases ...... — (575.8) (1,709.9) (2,722.5) (2,092.4) — (7,100.6)
Net cash provided by financing
activities ................. 30.2 295.4 6,095.1 1,940.6 145.1 (6,641.2) 1,865.2
Effect of exchange rate changes . — — (14.0) — — — (14.0)
(Decrease) increase 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-58