Virgin Media 2009 Annual Report Download - page 162

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VIRGIN MEDIA INC.
CONDENSED FINANCIAL INFORMATION OF REGISTRANT
STATEMENT OF CASH FLOWS
(in millions)
Year ended December 31,
2009 2008 2007
Net cash used in operating activities ............................. £ (8.5) £ (49.4) £(17.6)
Investing activities
Principal (drawdowns) repayments on loans to group companies ....... — (477.3) 22.7
Net cash (used in) provided by investing activities ................ — (477.3) 22.7
Financing activities
Proceeds from new borrowings, net of financing fees ................ — 496.7 —
Proceeds from employee stock option exercises .................... 2.8 0.6 15.0
Intercompany funding movements ............................. 43.6 64.9 —
Dividends paid ........................................... (33.3) (29.3) (21.2)
Other .................................................. (0.3) — —
Net cash provided by (used in) financing activities ................ 12.8 532.9 (6.2)
Effect of exchange rate changes on cash and cash equivalents ........... (1.8) 2.4 —
Increase (decrease) in cash and cash equivalents ..................... 2.5 8.6 (1.1)
Cash and cash equivalents at beginning of year ...................... 9.9 1.3 2.4
Cash and cash equivalents at end of year .......................... £12.4 £ 9.9 £ 1.3
Supplemental disclosure of cash flow information
Cash paid for interest ........................................ £40.7 £ 25.4 £ —
Income taxes (received) paid ................................... (0.1) 0.1 —
See accompanying notes.
F-66