Virgin Media 2008 Annual Report Download - page 157

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VIRGIN MEDIA INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Note 19—Condensed Consolidated Financial Information (Continued)
Year ended December 31, 2007
Virgin
Media Other All other
Statements of cash flows Company Finance guarantors VMIH subsidiaries Adjustments Total
(in millions)
Net cash provided by (used in)
operating activities ........... £(17.6) £— £ (0.2) £ 213.9 £ 519.9 £— £ 716.0
Investing activities:
Purchase of fixed and intangible
assets ..................... — — — — (536.2) — (536.2)
Acquisitions, net of cash acquired . . — — — (1.0) — — (1.0)
Principal repayments (drawdowns)
on loans to equity investments . . . 22.7 — (20.5) (558.8) 573.0 — 16.4
Proceeds from sale of investments . . — — — — 9.8 — 9.8
Proceeds from sale of fixed assets . . — — — — 3.3 — 3.3
Other ...................... — — — — (2.1) — (2.1)
Net cash (used in) provided by
investing activities ............ 22.7 — (20.5) (559.8) 47.8 — (509.8)
Financing activities:
New borrowings, net of financing
fees ...................... — — — 576.8 297.7 — 874.5
Proceeds from employee stock
option excercises ............. 15.0 — — — — — 15.0
Principal payments on long term
debt and capital leases ........ — — — (230.4) (940.4) — (1,170.8)
Dividends paid ................ (21.2) — — — — — (21.2)
Net cash (used in) provided by
financing activities ........... (6.2) — — 346.4 (642.7) — (302.5)
Effect of exchange rates changes . . . — — (0.8) — — — (0.8)
(Decrease) increase in cash and
cash equivalents ............. (1.1) — (21.5) 0.5 (75.0) — (97.1)
Cash and cash equivalents at
beginning of year ............ 2.4 — 31.5 0.2 384.4 — 418.5
Cash and cash equivalents at end of
year ...................... £ 1.3 £— £10.0 £ 0.7 £ 309.4 £— £ 321.4
F-63