XM Radio 2009 Annual Report Download - page 202

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SIRIUS XM RADIO INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2008
Sirius XM Radio
Inc.
Sirius Asset Mgmt
LLC Satellite CD Radio
Non-
Guarantors Eliminations
Consolidated
Sirius XM Radio
Inc.
(In thousands)
Net cash (used in) provided by
operating activities . . . . . . . $(159,081) $ 7,581 $— $ (1,297) $ — $ (152,797)
Cash flows from investing
activities:
Additions to property and
equipment . . . . . . . . . . . (109,523) (7,581) — (13,447) — (130,551)
Sales of property and
equipment . . . . . . . . . . . 105 — — — — 105
Purchases of restricted and
other investments . . . . . . (3,000) — — — — (3,000)
Acquisition of acquired
entity cash . . . . . . . . . . . — — — — 819,521 819,521
Merger related costs . . . . . . (23,519) — — — — (23,519)
Sale of restricted and other
investments . . . . . . . . . . 40,469 — — 25,400 — 65,869
Net cash (used in)
provided by investing
activities . . . . . . . . . . . (95,468) (7,581) — 11,953 819,521 728,425
Cash flows from financing
activities:
Proceeds from exercise of
warrants and stock
options. . . . . . . . . . . . . . 471 — — — — 471
Long-term borrowings, net
of costs . . . . . . . . . . . . . — — — 531,743 — 531,743
Payment of premiums on
redemption of debt . . . . . — — — (18,693) — (18,693)
Payments to noncontrolling
interest. . . . . . . . . . . . . . — — — (61,880) — (61,880)
Repayment of long-term
borrowings . . . . . . . . . . . (2,500) — — (1,083,143) — (1,085,643)
Net cash used in
financing activities . . . . (2,029) — — (631,973) — (634,002)
Net (decrease) increase in cash
and cash equivalents . . . . . . (256,578) — — (621,317) 819,521 (58,374)
Cash and cash equivalents at
beginning of period. . . . . . . 430,225 — — 828,116 (819,521) 438,820
Cash and cash equivalents at
end of period . . . . . . . . . . . $ 173,647 $ — $— $ 206,799 $ — $ 380,446
F-48
SIRIUS XM RADIO INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)