Virgin Media 2011 Annual Report Download - page 152

Download and view the complete annual report

Please find page 152 of the 2011 Virgin Media annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 218

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197
  • 198
  • 199
  • 200
  • 201
  • 202
  • 203
  • 204
  • 205
  • 206
  • 207
  • 208
  • 209
  • 210
  • 211
  • 212
  • 213
  • 214
  • 215
  • 216
  • 217
  • 218

VIRGIN MEDIA INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
Note 18—Condensed Consolidating Financial Information—Senior Notes (continued)
Year ended December 31, 2011
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 .......... £ (56.1) £ (20.0) £(4.7) £(204.0) £0.0 £ 1,433.9 £0.0 £ 1,149.1
Investing activities:
Purchase of fixed and intangible
assets ..................... 0.0 0.0 0.0 0.0 0.0 (656.7) 0.0 (656.7)
Proceeds from sale of fixed
assets ..................... 0.0 0.0 0.0 0.0 0.0 2.2 0.0 2.2
Principal repayments on loans to
equity investments .......... 0.0 0.0 0.0 0.0 0.0 108.2 0.0 108.2
Principal draw downs
(repayments) on loans to group
companies ................. 621.6 360.5 4.6 144.5 0.0 (1,131.2) 0.0 0.0
Acquisitions, net of cash
acquired .................. 0.0 0.0 0.0 0.0 0.0 (14.6) 0.0 (14.6)
Disposal of equity investments,
net ....................... 0.0 0.0 0.0 0.0 0.0 243.4 0.0 243.4
Other ....................... 0.0 0.0 0.0 0.0 0.0 2.8 0.0 2.8
Net cash (used in) provided by
investing activities .......... 621.6 360.5 4.6 144.5 0.0 (1,445.9) 0.0 (314.7)
Financing activities:
New borrowings, net of financing
fees ...................... 0.0 0.0 0.0 (10.4) 0.0 987.4 0.0 977.0
Repurchase of common stock .... (635.0) 0.0 0.0 0.0 0.0 0.0 0.0 (635.0)
Proceeds from employee stock
option exercises ............ 17.5 0.0 0.0 0.0 0.0 0.0 0.0 17.5
Principal payments on long term
debt and capital leases ....... 0.0 (340.4) 0.0 0.0 0.0 (1,054.6) 0.0 (1,395.0)
Proceeds from settlement of cross
currency swaps ............. 0.0 0.0 0.0 65.5 0.0 0.0 0.0 65.5
Dividends paid ............... (31.1) 0.0 0.0 0.0 0.0 0.0 0.0 (31.1)
Net cash (used in) provided by
financing activities .......... (648.6) (340.4) 0.0 55.1 0.0 (67.2) 0.0 (1,001.1)
Cash flow from discontinued
operations:
Net cash used in operating
activities .................. 0.0 0.0 0.0 0.0 0.0 (10.4) 0.0 (10.4)
Net cash used in discontinued
operations ................. 0.0 0.0 0.0 0.0 0.0 (10.4) 0.0 (10.4)
Effect of exchange rates changes
on cash and cash equivalents . . (2.0) 0.0 0.0 0.0 0.0 0.0 0.0 (2.0)
(Decrease) increase in cash and
cash equivalents ............ (85.1) 0.1 (0.1) (4.4) 0.0 (89.6) 0.0 (179.1)
Cash and cash equivalents at
beginning of period .......... 101.3 1.8 0.4 4.5 0.0 371.5 0.0 479.5
Cash and cash equivalents at end
of period .................. £ 16.2 £ 1.9 £ 0.3 £ 0.1 £0.0 £ 281.9 £0.0 £ 300.4
F-63