Virgin Media 2009 Annual Report Download - page 153

Download and view the complete annual report

Please find page 153 of the 2009 Virgin Media annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 232

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197
  • 198
  • 199
  • 200
  • 201
  • 202
  • 203
  • 204
  • 205
  • 206
  • 207
  • 208
  • 209
  • 210
  • 211
  • 212
  • 213
  • 214
  • 215
  • 216
  • 217
  • 218
  • 219
  • 220
  • 221
  • 222
  • 223
  • 224
  • 225
  • 226
  • 227
  • 228
  • 229
  • 230
  • 231
  • 232

VIRGIN MEDIA INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Note 19—Condensed Consolidated Financial Information (Continued)
Year ended December 31, 2009
Virgin
Media Other All other
Statements of operations Company Finance guarantors VMIH subsidiaries Adjustments Total
(in millions)
Revenue .................... £ — £ — £ — £ — £3,804.4 £ — £ 3,804.4
Operating costs ............... — — — — (1,635.7) — (1,635.7)
Selling, general and administrative
expenses .................. (19.5) — (0.1) (0.3) (788.1) — (808.0)
Restructuring and other charges . . — — — — (40.4) — (40.4)
Depreciation and amortization . . . . — — — — (1,173.6) — (1,173.6)
Goodwill and intangible asset
impairments ............... — — — — (4.7) — (4.7)
Operating income (loss) ........ (19.5) — (0.1) (0.3) 161.9 — 142.0
Interest income and other, net .... 43.1 188.1 133.7 70.0 476.4 (905.1) 6.2
Interest expense .............. (56.9) (190.9) (111.9) (356.0) (644.5) 905.1 (455.1)
Loss on extinguishment of debt . . . — — — (46.0) (8.5) — (54.5)
Share of income from equity
investments ................ — — — — 14.1 — 14.1
(Losses) gains on derivative
instruments ................ — — — (116.6) 2.1 — (114.5)
Foreign currency gains (losses) . . . 1.3 (2.9) (10.6) 144.5 (8.0) — 124.3
Income tax benefit (expense) ..... 1.3 — 0.1 4.9 (3.8) — 2.5
(Loss) income from continuing
operations ................. (30.7) (5.7) 11.2 (299.5) (10.3) — (335.0)
Loss from discontinued operations,
net of tax ................. — — — — (22.8) — (22.8)
Equity in net loss of subsidiaries . . (327.1) (345.8) (338.5) (46.3) — 1,057.7 —
Net (loss) income ............. £(357.8) £(351.5) £(327.3) £(345.8) £ (33.1) £1,057.7 £ (357.8)
F-57