Virgin Media 2007 Annual Report Download - page 145

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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, 2005
Virgin
Media Other All other
Statement of cash flows Company Finance guarantors VMIH subsidiaries Adjustments Total
(in millions)
Net cash (used in) provided by
operating activities .......... £(161.0) £ 24.2 £ 60.3 £ (42.8) £ 382.9 £ — £ 263.6
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 fixed assets . — — — — 1.8 — 1.8
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 ................. 580.0 494.2 519.7 537.2 374.9 (1,334.0) 1,172.0
Financing activities:
Dividend paid ............... — — (523.8) — — 523.8 —
Proceeds from new borrowings . . . 10.0 58.9 — 739.7 — (808.6) —
Proceeds from employee stock
option exercises ............ 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 . . 88.4 — — — — — 88.4
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-59