Virgin Media 2012 Annual Report Download - page 134

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F-63
Year ended December 31, 2012
Statements of cash flows Company
Virgin Media
Secured
Finance Guarantors Non-
Guarantors Adjustments Total
(in millions)
Net cash provided by (used in) operating activities £ (91.5) £ 1.5 £ 1,008.7 £ 121.0 £ — £ 1,039.7
Investing activities:
Purchase of fixed and intangible assets — — (678.7) (104.5) — (783.2)
Proceeds from sale of fixed assets — — 2.6 — — 2.6
Principal drawdowns (repayments) on loans to
group companies 436.5 (1.3) (405.5) (29.7) — —
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 (1.3) (1,081.6) (137.3) — (783.7)
Financing activities:
New borrowings, net of financing fees — (0.2) 1,441.9 — — 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 — — (1,414.9) — — (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) (0.2) 1.0 — — (348.5)
Effect of exchange rates on cash and cash
equivalents (1.6)————(1.6)
Decrease in cash and cash equivalents (5.9) — (71.9)(16.3) — (94.1)
Cash and cash equivalents at beginning of period 16.2 — 263.8 20.4 —300.4
Cash and cash equivalents at end of period £ 10.3 £ — £ 191.9 £ 4.1 £ — £ 206.3
Table of Contents
VIRGIN MEDIA INC. AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (continued)
Note 17—Condensed Consolidating Financial Information - Senior Secured Notes (continued)