Virgin Media 2012 Annual Report Download - page 126

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F-55
Year ended December 31, 2012
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 £ (91.5) £ (140.6) £ (3.0) £ (188.3) £ — £ 1,463.1 £ — £ 1,039.7
Investing activities:
Purchase of fixed and
intangible assets — — — — — (783.2) — (783.2)
Proceeds from sale of fixed
assets — — — — — 2.6 — 2.6
Principal drawdowns
(repayments) on loans to
group companies 436.5 14.8 2.8 214.3 — (668.4) — —
Acquisitions, net of cash
acquired —————(0.6) — (0.6)
Disposal of equity
investments, net — — — — — (2.5) — (2.5)
Net cash (used in) provided
by investing activities 436.5 14.8 2.8 214.3 — (1,452.1) — (783.7)
Financing activities:
New borrowings, net of
financing fees — 1,266.8 — 175.0 —(0.1) — 1,441.7
Repurchase of common stock (330.2) — — — — — — (330.2)
Proceeds from employee
stock option exercises, net of
taxes reimbursed 8.2 — — — — — — 8.2
Principal payments on long
term debt and capital leases — (1,141.9) — (175.0) — (98.0) — (1,414.9)
Payments for settlement of
cross currency swaps — — — (26.0) — — — (26.0)
Dividends paid (27.3) — — — — — — (27.3)
Net cash (used in) provided
by financing activities (349.3) 124.9 —(26.0) — (98.1) — (348.5)
Effect of exchange rates on
cash and cash equivalents (1.6) — — — — — — (1.6)
Decrease in cash and cash
equivalents (5.9) (0.9)(0.2) — — (87.1) — (94.1)
Cash and cash equivalents at
beginning of period 16.2 1.9 0.3 0.1 — 281.9 —300.4
Cash and cash equivalents at
end of period £ 10.3 £ 1.0 £ 0.1 £ 0.1 £ — £ 194.8 £ — £ 206.3
Table of Contents
VIRGIN MEDIA INC. AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (continued)
Note 16—Condensed Consolidating Financial Information—Senior Notes (continued)