Virgin Media 2013 Annual Report Download - page 110

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VIRGIN MEDIA INC.
(See note 1)
Notes to Consolidated Financial Statements — (Continued)
December 31, 2013, 2012 and 2011
II - 85
Predecessor
Year ended December 31, 2011
Statements of cash flows Predecessor
Company
Virgin Media
Secured
Finance Guarantors Non-
Guarantors Total
in millions
Cash flows from operating activities:
Net cash provided (used) by operating activities...... £(56.1) £ — £ 1,129.7 £ 74.8 £ 1,148.4
Cash flows from investing activities:
Capital expenditures.................................................... — — (617.0)(39.7)(656.7)
Sale of equity investments, net ................................... — — — 243.4 243.4
Loan repayment from equity investment .................... — — — 108.2 108.2
Other investing activities, net...................................... — — 2.3 (11.9)(9.6)
Net cash provided (used) by investing activities...... — — (614.7) 300.0 (314.7)
Cash flows from financing activities:
Repayments and repurchases of debt and capital
lease obligations ...................................................... — — (1,395.0) — (1,395.0)
Borrowings of debt...................................................... — 951.5 50.0 — 1,001.5
Investments from (loans to) parent and subsidiary
companies................................................................ 621.6 (941.0) 695.1 (375.7) —
Net cash received related to derivative instruments.... — — 68.3 — 68.3
Payment of financing costs and debt premiums.......... —(10.5)(29.5) — (40.0)
Repurchase of common stock ..................................... (635.0) — — — (635.0)
Other financing activities, net..................................... (13.6) — — — (13.6)
Net cash used by financing activities........................ (27.0) — (611.1)(375.7)(1,013.8)
Effect of exchange rates on cash and cash
equivalents........................................................ (2.0) — 3.0 — 1.0
Net decrease in cash and cash equivalents........... (85.1) — (93.1)(0.9)(179.1)
Cash and cash equivalents:
Beginning of period ............................................. 101.3 — 356.9 21.3 479.5
End of period........................................................ £ 16.2 £ — £ 263.8 £ 20.4 £ 300.4