Virgin Media 2012 Annual Report Download - page 140

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F-69
FINANCIAL INFORMATION OF REGISTRANT
STATEMENT OF CASH FLOWS
(in millions)
Year ended December 31,
2012 2011 2010
Net cash used in operating activities £ (91.5) £ (56.1) £ (34.5)
Investing activities
Principal drawdowns on loans to group companies 436.5 621.6 479.9
Net cash provided by investing activities 436.5 621.6 479.9
Financing activities
Repurchase of common stock (330.2) (635.0) (161.5)
Purchase of conversion hedges — — (205.4)
Proceeds from employee stock option exercises, net of taxes reimbursed 8.2 17.5 17.0
Intercompany funding movements — — 22.8
Dividends paid (27.3) (31.1) (34.1)
Net cash used in financing activities (349.3) (648.6) (361.2)
Effect of exchange rate changes on cash and cash equivalents (1.6) (2.0) 4.7
(Decrease) increase in cash and cash equivalents (5.9) (85.1) 88.9
Cash and cash equivalents at beginning of year 16.2 101.3 12.4
Cash and cash equivalents at end of year £ 10.3 £ 16.2 £ 101.3
Supplemental disclosure of cashflow information
Cash paid for interest £ 40.8 £ 40.5 £ 42.2
Income taxes paid — — 1.2
See accompanying notes.
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VIRGIN MEDIA INC.