Virgin Media 2012 Annual Report Download - page 127
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F-56
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) £ — £ 1,433.9 £ — £ 1,149.1
Investing activities:
Purchase of fixed and
intangible assets — — — — — (656.7) — (656.7)
Proceeds from sale of fixed
assets — — — — — 2.2 — 2.2
Principal repayments on
loans to equity investments — — — — — 108.2 —108.2
Principal drawdowns
(repayments) on loans to
group companies 621.6 360.5 4.6 144.5 — (1,131.2) — —
Acquisitions, net of cash
acquired —————(14.6) — (14.6)
Disposal of equity
investments, net — — — — — 243.4 —243.4
Other — — — — — 2.8 — 2.8
Net cash (used in) provided
by investing activities 621.6 360.5 4.6 144.5 — (1,445.9) — (314.7)
Financing activities:
New borrowings, net of
financing fees — — — (10.4) — 987.4 —977.0
Repurchase of common stock (635.0) — — — — — — (635.0)
Proceeds from employee
stock option exercises, net of
taxes reimbursed 17.5 — — — — — — 17.5
Principal payments on long
term debt and capital leases — (340.4) — — — (1,054.6) — (1,395.0)
Proceeds from settlement of
cross currency swaps — — — 65.5 ———65.5
Dividends paid (31.1) — — — — — — (31.1)
Net cash (used in) provided
by financing activities (648.6) (340.4) — 55.1 —(67.2) — (1,001.1)
Cash flow from
discontinued operations:
Net cash used in operating
activities — — — — — (10.4) — (10.4)
Net cash used in
discontinued operations — — — — — (10.4) — (10.4)
Effect of exchange rates on
cash and cash equivalents (2.0) — — — — — — (2.0)
(Decrease) increase in cash
and cash equivalents (85.1) 0.1 (0.1)(4.4) — (89.6) — (179.1)
Cash and cash equivalents at
beginning of period £ 101.3 £ 1.8 £ 0.4 £ 4.5 £ — £ 371.5 £ — £ 479.5
Cash and cash equivalents at
end of period £ 16.2 £ 1.9 £ 0.3 £ 0.1 £ — £ 281.9 £ — £ 300.4
Table of Contents
VIRGIN MEDIA INC. AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (continued)
Note 16—Condensed Consolidating Financial Information—Senior Notes (continued)