Virgin Media 2010 Annual Report Download - page 163
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VIRGIN MEDIA INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
Note 20—Condensed Consolidating Financial Information—Senior Secured Notes (continued)
Year ended December 31, 2009
Statement of cash flows
Company
Virgin Media
Secured
Finance
PLC Guarantors
Non-
Guarantors Adjustments Total
(Adjusted) (in millions)
Net cash provided by (used in) operating
activities ........................... £ (8.5) £— £ 909.3 £ (7.3) £— £ 893.5
Investing activities:
Purchase of fixed and intangible assets ..... — — (566.6) (1.4) — (568.0)
Proceeds from the sale of fixed assets ...... — — 4.2 — — 4.2
Principal repayments on loans to equity
investments ......................... — — 12.5 — — 12.5
Principal (repayments) drawdowns on loans
to group companies ................... — — (54.8) 54.8 — —
Disposal of businesses, net ............... — — (17.5) — — (17.5)
Other ................................ — — (2.5) — — (2.5)
Net cash (used in) provided by investing
activities ........................... — — (624.7) 53.4 — (571.3)
Financing activities:
New borrowings, net of financing fees ...... — — 1,610.2 — — 1,610.2
Proceeds from employee stock option
exercises ........................... 2.5 — — — — 2.5
Principal payments on long term debt,
including redemption premiums and capital
leases .............................. — — (1,690.4) (47.0) — (1,737.4)
Intercompany funding movements ......... 43.6 — (43.6) — — —
Dividends paid ........................ (33.3) — — — — (33.3)
Realized gain on derivatives .............. — — 88.3 — — 88.3
Net cash (used in) provided by financing
activities ........................... 12.8 — (35.5) (47.0) — (69.7)
Cash flow from discontinued operations
Net cash used in operating activities ....... — — (0.8) — — (0.8)
Net cash used in investing activities ........ — — (1.0) — — (1.0)
Net cash used in discontinued operations .... — — (1.8) — — (1.8)
Effect of exchange rates on cash and cash
equivalents ......................... (1.8) — — — — (1.8)
Increase in cash and cash equivalents ....... 2.5 — 247.3 (0.9) — 248.9
Cash and cash equivalents at beginning of
period ............................. 9.9 — 166.0 5.7 — 181.6
Cash and cash equivalents at end of period . . £ 12.4 £— £ 413.3 £ 4.8 £— £ 430.5
F-68