Virgin Media 2014 Annual Report Download - page 54

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VIRGIN MEDIA INC.
(See note 1)
Notes to Condensed Consolidated Financial Statements — (Continued)
June 30, 2014
(unaudited)
52
Successor
Six months ended June 30, 2014
Statements of cash flows Virgin
Media
Virgin Media
Secured
Finance Guarantors Non-
guarantors Total
in millions
Cash flows from operating activities:
Net cash provided (used) by operating activities ... £(91.8) £ 26.6 £ 816.9 £ 46.3 £ 798.0
Cash flows from investing activities:
Loans to related party.................................................. (484.3) — — — (484.3)
Capital expenditures.................................................... — — (294.6)(19.3)(313.9)
Other investing activities, net...................................... — — (7.2) 0.5 (6.7)
Net cash used by investing activities...................... (484.3) — (301.8)(18.8)(804.9)
Cash flows from financing activities:
Repayments and repurchases of debt and capital
lease obligations ...................................................... —(1,467.7)(198.2) — (1,665.9)
Borrowings of debt...................................................... — 1,088.8 446.7 — 1,535.5
Contributions from (distributions to) parent and
subsidiary companies............................................... 339.7 410.0 (722.5)(27.2) —
Payment of financing costs and debt premiums.......... —(54.8)(2.8) — (57.6)
Other financing activities, net..................................... — — (28.5) — (28.5)
Net cash provided (used) by financing activities ... 339.7 (23.7)(505.3)(27.2)(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) 2.9 9.8 0.3 (225.6)
Cash and cash equivalents:
Beginning of period ............................................. 313.3 0.1 21.4 8.2 343.0
End of period........................................................ £ 74.7 £ 3.0 £ 31.2 £ 8.5 £ 117.4