Western Union 2011 Annual Report Download - page 155

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THE WESTERN UNION COMPANY
CONDENSED STATEMENTS OF CASH FLOWS
(PARENT COMPANY ONLY)
(in millions)
For the Years Ended December 31,
2011 2010 2009
Cash flows from operating activities
Net cash provided by operating activities ....................... $ 698.1 $ 631.6 $ 505.0
Cash flows from investing activities
Purchases of property and equipment .......................... (4.2) — —
Capital contributed to subsidiary .............................. — — (29.0)
Net cash used in investing activities ........................... (4.2) — (29.0)
Cash flows from financing activities
Advances to subsidiaries, net ................................. (180.9) (112.7) (224.7)
Net proceeds from issuance of borrowings ...................... 696.3 247.0 496.6
Principal payments on borrowings ............................ (696.3) — (500.0)
Net proceeds from/(repayments of) commercial paper ............. 297.0 — (82.8)
Proceeds from exercise of options ............................. 100.0 42.1 23.2
Cash dividends paid ........................................ (194.2) (165.3) (41.2)
Common stock repurchased .................................. (803.9) (581.4) (400.2)
Net cash used in financing activities ........................... (782.0) (570.3) (729.1)
Net change in cash and cash equivalents ........................ (88.1) 61.3 (253.1)
Cash and cash equivalents at beginning of year .................. 89.2 27.9 281.0
Cash and cash equivalents at end of year ....................... $ 1.1 $ 89.2 $ 27.9
See Notes to Condensed Financial Statements.
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