Virgin Media 2009 Annual Report Download - page 156
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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, 2009
Virgin All
Media Other other
Statement of cash flows Company Finance guarantors VMIH subsidiaries Adjustments Total
(in millions)
Net cash provided by (used in) operating
activities ...................... £(8.5) £ — £(2.0) £ (98.2) £1,009.3 £— £ 900.6
Investing activities:
Purchase of fixed and intangible assets .... — — — — (569.0) — (569.0)
Principal repayments on loans to equity
investments .................... — — — — 12.5 — 12.5
Principal (repayments) drawdowns on loans
to group companies ............... — (1,002.1) 1.1 636.3 364.7 — —
Proceeds from the sale of fixed assets .... — — — — 4.2 — 4.2
Purchase of investments ............. — — — — (2.5) — (2.5)
Disposal of sit-up, net ............... — — — — (17.5) — (17.5)
Net cash (used in) provided by investing
activities ...................... — (1,002.1) 1.1 636.3 (207.6) — (572.3)
Financing activities:
New borrowings, net of financing activities . — 1,662.8 — (40.2) (12.4) — 1,610.2
Proceeds from employee stock option
exercises ...................... 2.8 — — — — — 2.8
Principal payments on long term debt,
including redepmtion premiums, and
capital leases ................... — (689.1) — (233.5) (814.8) — (1,737.4)
Intercompany funding movements ....... 43.6 30.3 — (60.2) (13.7) — —
Dividends paid ................... (33.3) — — — — — (33.3)
Realized gain on derivatives ........... — — — 88.3 — — 88.3
Other ......................... (0.3) — — — — — (0.3)
Net cash (used in) provided by financing
activities ...................... 12.8 1,004.0 — (245.6) (840.9) — (69.7)
Cash flow from discontinued operations
Net cash used in operating activities ..... — — — — (7.9) — (7.9)
Net cash used in discontinued operations . . — — — — (7.9) — (7.9)
Effect of exchange rates on cash and cash
equivalents .................... (1.8) — — — — — (1.8)
Increase (decrease) in cash and cash
equivalents .................... 2.5 1.9 (0.9) 292.5 (47.1) — 248.9
Cash and cash equivalents at beginning of
period ....................... 9.9 — 1.2 0.4 170.1 — 181.6
Cash and cash equivalents at end of period . £ 12.4 £ 1.9 £ 0.3 £ 292.9 £ 123.0 £— £ 430.5
F-60