Virgin Media 2009 Annual Report Download - page 150
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VIRGIN MEDIA INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Note 18—Industry Segments (Continued)
The reconciliation of total segment contribution to our consolidated operating income (loss) is as
follows (in millions):
Year ended December 31,
2009 2008 2007
Total segment contribution ................... £2,193.4 £2,134.2 £2,152.2
Other operating and corporate costs ........... 832.7 832.5 871.8
Restructuring and other charges .............. 40.4 22.7 28.7
Depreciation ............................ 930.5 902.8 922.3
Amortization ............................ 243.1 285.8 301.0
Goodwill and intangible asset impairment ....... 4.7 362.2 —
Consolidated operating income (loss) ............ £ 142.0 £ (271.8) £ 28.4
Note 19—Condensed Consolidated Financial Information
On April 13, 2004, Virgin Media Finance issued £375 million aggregate principal amount of 9.75%
senior notes due 2014, $425 million aggregate principal amount of 8.75% senior notes due 2014, and
A225 million aggregate principal amount of 8.75% senior notes due 2014. On July 25, 2006, Virgin
Media Finance issued $550 million aggregate principal amount of 9.125% senior notes due 2016. On
June 3, 2009, Virgin Media Finance issued $750 million aggregate principal amount of 9.50% senior
notes due 2016 and A180 million aggregate principal amount of 9.50% senior notes due 2016 and on
July 21, 2009 Virgin Media Finance issued a further $600 million aggregate principle amounts of 9.50%
senior notes due 2016. On November 9, 2009, Virgin Media Finance issued $600 million aggregate
principal amount of 8.375% senior notes due 2019 and £350 million aggregate principal amount of
8.875% senior notes due 2019. Virgin Media Inc. and certain of its subsidiaries, namely Virgin Media
Group LLC, Virgin Media Holdings Inc., Virgin Media (UK) Group, Inc. and Virgin Media
Communications Limited, have guaranteed the senior notes on a senior basis. Each of VMIH and
Virgin Media Investments Limited, or VMIL are conditional guarantors and have guaranteed the senior
notes on a senior subordinated basis. VMIL is included as a conditional guarantor as at December 31,
2009 since it only acceded on December 30, 2009 as a senior subordinated guarantor of the secured
senior notes issued by Virgin Media Finance.
F-54