Virgin Media 2014 Annual Report Download - page 42

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VIRGIN MEDIA INC.
(See note 1)
Notes to Condensed Consolidated Financial Statements — (Continued)
June 30, 2014
(unaudited)
40
Successor
Six months ended June 30, 2014
Statements of cash flows Virgin
Media
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 .............................................. £ (91.8) £ (18.4) £ 1.8 £ (49.8) £ — £ 956.2 £ 798.0
Cash flows from investing activities:
Loans to related party.................................. (484.3) — — — — — (484.3)
Capital expenditures.................................... — — — — — (313.9)(313.9)
Other investing activities, net...................... — — — — — (6.7)(6.7)
Net cash used by investing activities...... (484.3) — — — — (320.6)(804.9)
Cash flows from financing activities:
Repayments and repurchases of debt and
capital lease obligations........................... — — — (50.4) — (1,615.5)(1,665.9)
Borrowings of debt...................................... — — — — — 1,535.5 1,535.5
Contributions from (distributions to) parent
and subsidiary companies ........................ 339.7 18.3 (1.9) 128.5 — (484.6) —
Payment of financing costs and debt
premiums.................................................. — — — — — (57.6)(57.6)
Other financing activities, net...................... — — — (28.5) — — (28.5)
Net cash provided (used) by financing
activities .............................................. 339.7 18.3 (1.9) 49.6 — (622.2)(216.5)
Effect of exchange rates on cash and cash
equivalents............................................. (2.2) — — — — — (2.2)
Net increase (decrease) in cash and
cash equivalents................................ (238.6) (0.1)(0.1)(0.2) — 13.4 (225.6)
Cash and cash equivalents:
Beginning of period................................ 313.3 0.1 0.2 0.3 — 29.1 343.0
End of period .......................................... £ 74.7 £ — £ 0.1 £ 0.1 £ — £ 42.5 £ 117.4