Virgin Media 2011 Annual Report Download - page 154

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VIRGIN MEDIA INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
Note 18—Condensed Consolidating Financial Information—Senior Notes (continued)
Year ended December 31, 2009
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 ........................ £ (8.5) £ 0.0 £(2.0) £ (98.2) £0.0 £1,002.2 £0.0 £ 893.5
Investing activities:
Purchase of fixed and intangible
assets .......................... 0.0 0.0 0.0 0.0 0.0 (568.0) 0.0 (568.0)
Proceeds from sale of fixed assets ...... 0.0 0.0 0.0 0.0 0.0 4.2 0.0 4.2
Principal repayments on loans to equity
investments ..................... 0.0 0.0 0.0 0.0 0.0 12.5 0.0 12.5
Principal draw downs (repayments) on
loans to group companies .......... 0.0 (1,002.1) 1.1 636.3 0.0 364.7 0.0 0.0
Disposal of businesses, net ........... 0.0 0.0 0.0 0.0 0.0 (17.5) 0.0 (17.5)
Other ............................ 0.0 0.0 0.0 0.0 0.0 (2.5) 0.0 (2.5)
Net cash (used in) provided by investing
activities ........................ 0.0 (1,002.1) 1.1 636.3 0.0 (206.6) 0.0 (571.3)
Financing activities:
New borrowings, net of financing fees . . 0.0 1,662.8 0.0 (40.2) 0.0 (12.4) 0.0 1,610.2
Proceeds from employee stock option
exercises ........................ 2.5 0.0 0.0 0.0 0.0 0.0 0.0 2.5
Principal payments on long term debt and
capital leases .................... 0.0 (689.1) 0.0 (233.5) 0.0 (814.8) 0.0 (1,737.4)
Intercompany funding movements ..... 43.6 30.3 0.0 (60.2) 0.0 (13.7) 0.0 0.0
Realized gain on derivatives .......... 0.0 0.0 0.0 88.3 0.0 0.0 0.0 88.3
Dividends paid ..................... (33.3) 0.0 0.0 0.0 0.0 0.0 0.0 (33.3)
Net cash (used in) provided by financing
activities ........................ 12.8 1,004.0 0.0 (245.6) 0.0 (840.9) 0.0 (69.7)
Cash flow from discontinued
operations:
Net cash used in operating activities .... 0.0 0.0 0.0 0.0 0.0 (0.8) 0.0 (0.8)
Net cash used in investing activities .... 0.0 0.0 0.0 0.0 0.0 (1.0) 0.0 (1.0)
Net cash used in discontinued
operations ....................... 0.0 0.0 0.0 0.0 0.0 (1.8) 0.0 (1.8)
Effect of exchange rates changes on cash
and cash equivalents .............. (1.8) 0.0 0.0 0.0 0.0 0.0 0.0 (1.8)
Increase (decrease) in cash and cash
equivalents ...................... 2.5 1.9 (0.9) 292.5 0.0 (47.1) 0.0 248.9
Cash and cash equivalents at beginning
of period ........................ 9.9 0.0 1.2 0.4 0.0 170.1 0.0 181.6
Cash and cash equivalents at end of
period .......................... £12.4 £ 1.9 £ 0.3 £ 292.9 £0.0 £ 123.0 £0.0 £ 430.5
F-65