XM Radio 2008 Annual Report Download - page 102

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SIRIUS XM RADIO INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
YEAR ENDED DECEMBER 31, 2007
Sirius XM
Radio Inc.
Sirius Asset
Mgmt LLC
Satellite
CD Radio Non-Guarantors Eliminations
Consolidated
Sirius XM
Radio Inc.
Net cash (used in) provided by
operating activities ............. $(156,500) $ 476 $— $7,258 — $(148,766)
Cash flows from investing activities:
Additions to property and
equipment ................. (64,788) (476) — — — (65,264)
Sales of property and equipment . . . 641 — — — — 641
Merger related costs ............ (29,444) — — — — (29,444)
Purchases of restricted and other
investments ................ (310) — — — — (310)
Sale of restricted and other
investments ................ 40,191 — — — — 40,191
Net cash (used in) provided by
investing activities ......... (53,710) (476) — — — (54,186)
Cash flows from financing activities:
Proceeds from exercise of warrants
and stock options ............ 4,097 — — — — 4,097
Long term borrowings, net of
related costs ................ 244,879 — — — 244,879
Repayment of long-term
borrowings ................. (625) (625)
Net cash provided by (used in)
financing activities ......... 248,351 — — — — 248,351
Net increase (decrease) in cash and
cash equivalents ............... 38,141 — — 7,258 — 45,399
Cash and cash equivalents at
beginning of period ............ 392,084 — — 1,337 — 393,421
Cash and cash equivalents at end of
period ...................... $430,225 $ — $— $8,595 $ — $ 438,820
F-52
SIRIUS XM RADIO INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)