Western Union 2009 Annual Report Download - page 142

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THE WESTERN UNION COMPANY
CONDENSED STATEMENTS OF CASH FLOW
(PARENT COMPANY ONLY)
(in millions)
2009 2008 2007
For the Years Ended December 31,
Cash flows from operating activities
Net cash provided by operating activities ........................... $505.0 $ 1,145.2 $ 772.2
Cash flows from investing activities
Purchases of property and equipment .............................. — (0.1) (2.0)
Capital contributed to subsidiary ................................. (29.0) (0.2) (379.9)
Net cash used in investing activities ............................... (29.0) (0.3) (381.9)
Cash flows from financing activities
Advances from subsidiaries ..................................... 224.7 397.7 166.2
Net proceeds from issuance of borrowings .......................... 496.6 500.0 —
Principal payments on borrowings ................................ (500.0) (500.0) —
Net (repayments)/proceeds from commercial paper .................... (82.8) (255.3) 13.6
Net repayments from net borrowings under credit facilities . . ............ — — (3.0)
Proceeds from exercise of options ................................ 23.2 300.5 216.1
Cash dividends to stockholders .................................. (41.2) (28.4) (30.0)
Common stock repurchased ..................................... (400.2) (1,314.5) (726.8)
Net cash used in financing activities .............................. (729.1) (900.0) (363.9)
Net change in cash and cash equivalents ........................... (253.1) 244.9 26.4
Cash and cash equivalents at beginning of year ...................... 281.0 36.1 9.7
Cash and cash equivalents at end of year ........................... $ 27.9 $ 281.0 $ 36.1
See Notes to Condensed Financial Statements.
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