Virgin Media 2012 Annual Report Download - page 135

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F-64
Year ended December 31, 2011
Statements of cash flows Company
Virgin Media
Secured
Finance Guarantors Non-
Guarantors Adjustments Total
(in millions)
Net cash provided by (used in) operating activities £ (56.1) £ — £ 1,120.0 £ 85.2 £ — £ 1,149.1
Investing activities:
Purchase of fixed and intangible assets — — (617.0) (39.7) — (656.7)
Proceeds from sale of fixed assets — — 2.0 0.2 — 2.2
Principal repayments on loans to equity
investments — — — 108.2 —108.2
Principal drawdowns (repayments) on loans to
group companies 621.6 (941.0) 695.1 (375.7) — —
Acquisitions, net of cash acquired — — — (14.6) — (14.6)
Disposal of equity investments, net — — — 243.4 —243.4
Other — — 0.3 2.5 — 2.8
Net cash (used in) provided by investing activities 621.6 (941.0) 80.4 (75.7) — (314.7)
Financing activities:
New borrowings, net of financing fees — 941.0 36.0 — — 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 — — (1,395.0) — — (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) 941.0 (1,293.5) — — (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 in cash and cash equivalents (85.1) — (93.1)(0.9) — (179.1)
Cash and cash equivalents at beginning of period 101.3 —356.9 21.3 —479.5
Cash and cash equivalents at end of period £ 16.2 £ — £ 263.8 £20.4 £ — £ 300.4
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)