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F-57
Year ended December 31, 2010
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 £ (34.5) £ 5.4 £ 6.8 £(10.9) £ — £ 1,070.8 £ — £ 1,037.6
Investing activities:
Purchase of fixed and
intangible assets — — — — — (628.4) — (628.4)
Proceeds from sale of fixed
assets —————36.0 —36.0
Principal repayments on
loans to equity investments — — — — — 8.4 — 8.4
Principal drawdowns
(repayments) on loans to
group companies 479.9 173.7 (6.7) 1,556.1 — (2,203.0) — —
Disposal of businesses, net — ————167.4 —167.4
Other — — — — — 5.2 — 5.2
Net cash (used in) provided
by investing activities 479.9 173.7 (6.7) 1,556.1 — (2,614.4) — (411.4)
Financing activities:
New borrowings, net of
financing fees ———(71.0) — 3,143.0 — 3,072.0
Repurchase of common stock (161.5) — — — — — — (161.5)
Purchase of conversion
hedges (205.4) — — — — — — (205.4)
Proceeds from employee
stock option exercises 17.0 — — — — — — 17.0
Principal payments on long
term debt and capital leases — (179.2) — (1,726.9) — (1,333.7) — (3,239.8)
Intercompany funding
movements 22.8 — — (35.7) — 12.9 — —
Dividends paid (34.1) — — — — — — (34.1)
Net cash (used in) provided
by financing activities (361.2) (179.2) — (1,833.6) — 1,822.2 — (551.8)
Cash flow from
discontinued operations:
Net cash used in operating
activities —————(30.1) — (30.1)
Net cash used in
discontinued operations —————(30.1) — (30.1)
Effect of exchange rates on
cash and cash equivalents 4.7 — — — — — — 4.7
Increase (decrease) in cash
and cash equivalents 88.9 (0.1)0.1 (288.4) — 248.5 —49.0
Cash and cash equivalents at
beginning of period 12.4 1.9 0.3 292.9 —123.0 —430.5
Cash and cash equivalents at
end of period £ 101.3 £ 1.8 £ 0.4 £ 4.5 £ — £ 371.5 £ — £ 479.5
Table of Contents
VIRGIN MEDIA INC. AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (continued)
Note 16—Condensed Consolidating Financial Information—Senior Notes (continued)