Virgin Media 2013 Annual Report Download - page 36

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II - 11
VIRGIN MEDIA INC.
(See note 1)
CONSOLIDATED STATEMENTS OF CASH FLOWS — (Continued)
(in millions)
Successor Predecessor
Period from
June 8 to
December 31,
2013
Period from
January 1 to
June 7, 2013
Year ended
December 31,
2012 (a)
Year ended
December 31,
2011
Cash flows from financing activities:
Repayments and repurchases of debt and capital lease
obligations ........................................................................... £(4,050.8) £ (46.5) £ (1,414.9) £ (1,395.0)
Borrowings of debt.................................................................. 1,983.4 — 1,454.7 1,001.5
Repayments of related-party notes.......................................... (1,819.6) — — —
Capital contribution from parent............................................. 3,278.0 — — —
Release of restricted cash from escrow................................... 2,313.6 — — —
Net cash received (paid) related to derivative instruments..... 364.3 — (26.0) 68.3
Payment of financing costs and debt premiums...................... (64.3)(1.1)(165.1)(40.0)
Repurchase of common stock ................................................. — — (330.2)(635.0)
Dividends paid ........................................................................ —(14.2)(27.3)(31.1)
Other financing activities, net................................................. (0.1) 22.9 8.2 17.5
Net cash provided (used) by financing activities ............... 2,004.5 (38.9)(500.6)(1,013.8)
Effect of exchange rate changes on cash and cash
equivalents........................................................................... (5.4) 0.9 (9.4) 1.0
Net increase (decrease) in cash and cash equivalents...... (211.8) 240.8 (94.1)(179.1)
Cash and cash equivalents (b):
Beginning of period............................................................ 554.8 206.3 300.4 479.5
End of period...................................................................... £ 343.0 £ 447.1 £ 206.3 £ 300.4
Cash paid for interest ................................................................... £ 332.2 £ 102.9 £ 406.9 £ 435.2
Income taxes paid ........................................................................ £ 0.4 £ 0.1 £ 0.6 £ 2.3
_______________
(a) As retrospectively revised - see note 2.
(b) For information regarding the difference between the ending cash balance on June 7, 2013 and the beginning cash balance
on June 8, 2013, see note 3.
The accompanying notes are an integral part of these consolidated financial statements.