Virgin Media 2013 Annual Report Download - page 99

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VIRGIN MEDIA INC.
(See note 1)
Notes to Consolidated Financial Statements — (Continued)
December 31, 2013, 2012 and 2011
II - 74
Predecessor
Year ended December 31, 2011
Statements of cash flows Predecessor
Company
Virgin
Media
Finance Other
guarantors VMIH VMIL
All
other
subsidiaries Total
in millions
Cash flows from operating activities:
Net cash provided (used) by operating
activities .......................................................... £ (56.1) £ (4.5) £ (4.7) £ (207.9) £ — £ 1,421.6 £ 1,148.4
Cash flows from investing activities:
Capital expenditures............................................... — — — — — (656.7) (656.7)
Sale of equity investments, net .............................. — — — — — 243.4 243.4
Loan repayment from equity investment............... — — — — — 108.2 108.2
Other investing activities, net ................................ — — — — — (9.6) (9.6)
Net cash used by investing activities................... — — — — — (314.7) (314.7)
Cash flows from financing activities:
Repayments and repurchases of debt and capital
lease obligations................................................. — (340.4) — — — (1,054.6) (1,395.0)
Borrowings of debt ................................................ — — — — — 1,001.5 1,001.5
Investments from (loans to) parent and subsidiary
companies .......................................................... 621.6 360.5 4.6 144.5 — (1,131.2) —
Net cash received related to derivative
instruments......................................................... — — — 68.3 — — 68.3
Payment of financing costs and debt premiums .... — (15.5) — (10.4) — (14.1) (40.0)
Repurchase of common stock................................ (635.0) — — — — — (635.0)
Other financing activities, net................................ (13.6) — — — — — (13.6)
Net cash provided (used) by financing
activities .......................................................... (27.0) 4.6 4.6 202.4 — (1,198.4) (1,013.8)
Effect of exchange rates on cash and cash
equivalents ................................................. (2.0) — — 1.1 — 1.9 1.0
Net increase (decrease) in cash and cash
equivalents ................................................. (85.1) 0.1 (0.1) (4.4) — (89.6) (179.1)
Cash and cash equivalents:
Beginning of period.......................................... 101.3 1.8 0.4 4.5 — 371.5 479.5
End of period .................................................... £ 16.2 £ 1.9 £ 0.3 £ 0.1 £ — £ 281.9 £ 300.4