Virgin Media 2010 Annual Report Download - page 154

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VIRGIN MEDIA INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
Note 19—Condensed Consolidating Financial Information—Senior Notes (continued)
Year ended December 31, 2010
Statements of cash flows Company
Virgin
Media
Finance
Other
guarantors VMIH VMIL
All
other
subsidiaries Adjustments Total
(in millions)
Net cash provided by (used in)
operating activities ............. £ (34.5) £ 5.4 £ 6.8 £ (10.9) £— £ 1,070.8 £— £ 1,037.6
Investing activities:
Purchase of fixed and intangible
assets ........................ — — — — — (628.4) — (628.4)
Proceeds from sale of fixed assets .... — — — — — 36.0 — 36.0
Principal repayments on loans to
equity investments .............. — — — — — 8.4 — 8.4
Principal draw downs (repayments) on
loans to Group companies ........ 479.9 173.7 (6.7) 1,556.1 — (2,203.0) — —
Decrease in restricted cash ......... — — — — — 3.8 — 3.8
Disposal of businesses, net ......... — — — — — 167.4 — 167.4
Other .......................... — — — — — 1.4 — 1.4
Net cash (used in) provided by
investing activities .............. 479.9 173.7 (6.7) 1,556.1 — (2,614.4) — (411.4)
Financing activities:
New borrowings, net of financing
fees .......................... — — — (71.0) — 3,143.0 — 3,072.0
Common stock repurchases ......... (161.5) — — — — — — (161.5)
Purchase of conversion hedges ...... (205.4) — — — — — — (205.4)
Proceeds from employee stock option
exercises ..................... 17.0 — — — — — — 17.0
Principal payments on long term debt
and capital leases ............... — (179.2) — (1,726.9) — (1,333.7) — (3,239.8)
Intercompany funding movements . . . 22.8 — — (35.7) — 12.9 — —
Dividends paid ................... (34.1) — — — — — — (34.1)
Net cash (used in) provided by
financing activities ............. (361.2) (179.2) — (1,833.6) — 1,822.2 — (551.8)
Cash flow from discontinued
operations
Net cash used in operating
activities ...................... — — — — — (30.1) — (30.1)
Net cash used in investing activities . . — — — — — — — —
Net cash used in discontinued
operations .................... — — — — — (30.1) — (30.1)
Effect of exchange rates on cash and
cash equivalents ................ 4.7 — — — — — — 4.7
Increase (decrease) in cash and cash
equivalents .................... 88.9 (0.1) 0.1 (288.4) — 248.5 — 49.0
Cash and cash equivalents at
beginning of period ............. 12.4 1.9 0.3 292.9 — 123.0 — 430.5
Cash and cash equivalents at end of
period ........................ £101.3 £ 1.8 £ 0.4 £ 4.5 £— £ 371.5 £— £ 479.5
F-59