Virgin Media 2010 Annual Report Download - page 175
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VIRGIN MEDIA INC.
FINANCIAL INFORMATION OF REGISTRANT
STATEMENT OF CASH FLOWS
(in millions)
Year ended December 31,
2010 2009 2008
Net cash used in operating activities ...................................... £ (34.5) £ (8.5) £ (49.4)
Investing activities
Principal drawdowns (repayments) on loans to group companies ............ 479.9 — (477.3)
Net cash provided by (used in) investing activities ....................... 479.9 — (477.3)
Financing activities
Proceeds from new borrowings, net of financing fees ..................... — — 496.7
Common stock repurchases ......................................... (161.5) — —
Purchase of conversion hedges ...................................... (205.4) — —
Proceeds from employee stock option exercises ......................... 17.0 2.5 0.6
Intercompany funding movements .................................... 22.8 43.6 64.9
Dividends paid ................................................... (34.1) (33.3) (29.3)
Net cash (used in) provided by financing activities ................... (361.2) 12.8 532.9
Effect of exchange rate changes on cash and cash equivalents .................. 4.7 (1.8) 2.4
Increase in cash and cash equivalents ..................................... 88.9 2.5 8.6
Cash and cash equivalents at beginning of year .............................. 12.4 9.9 1.3
Cash and cash equivalents at end of year ................................... £101.3 £ 12.4 £ 9.9
Supplemental disclosure of cashflow information
Cash paid for interest .................................................. £ 42.2 £ 40.7 £ 25.4
Income taxes (received) paid ............................................ 1.2 (0.1) 0.1
See accompanying notes.
F-80