Virgin Media 2013 Annual Report Download - page 107

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VIRGIN MEDIA INC.
(See note 1)
Notes to Consolidated Financial Statements — (Continued)
December 31, 2013, 2012 and 2011
II - 82
Successor
Period from June 8 to December 31, 2013
Statements of cash flows Successor
Company
Virgin Media
Secured
Finance Guarantors Non-
Guarantors Total
in millions
Cash flows from operating activities:
Net cash provided (used) by operating activities...... £(98.4) £ (6.1) £ 606.0 £ 61.0 £ 562.5
Cash flows from investing activities:
Loan to related-party................................................... (65.7) — — (2,290.6)(2,356.3)
Capital expenditures.................................................... — — (393.0)(25.9)(418.9)
Other investing activities, net...................................... — — 1.8 — 1.8
Net cash used by investing activities........................ (65.7) — (391.2)(2,316.5)(2,773.4)
Cash flows from financing activities:
Repayments and repurchases of debt and capital
lease obligations ...................................................... (2,832.7)(56.0)(1,162.1) — (4,050.8)
Borrowings of debt...................................................... — — 1,983.4 — 1,983.4
Investments from (loans to) parent and subsidiary
companies................................................................ 1,508.9 (1,707.7)(2,064.6) 2,263.4 —
Repayments of related-party notes.............................. (1,819.6) — — — (1,819.6)
Release of restricted cash from escrow....................... — 1,727.6 586.0 — 2,313.6
Capital contribution from parent................................. 3,278.0 — — — 3,278.0
Net cash received related to derivative instruments.... 343.2 — 21.1 — 364.3
Payment of financing costs and debt premiums.......... (30.9)(16.2)(17.2) — (64.3)
Other financing activities, net..................................... (0.1) — — — (0.1)
Net cash provided (used) by financing activities...... 446.8 (52.3)(653.4) 2,263.4 2,004.5
Effect of exchange rates on cash and cash
equivalents........................................................ 3.2 (3.7) 0.3 (5.2)(5.4)
Net increase (decrease) in cash and cash
equivalents........................................................ 285.9 (62.1)(438.3) 2.7 (211.8)
Cash and cash equivalents:
Beginning of period ............................................. 27.4 62.2 459.7 5.5 554.8
End of period........................................................ £ 313.3 £ 0.1 £ 21.4 £ 8.2 £ 343.0