XM Radio 2009 Annual Report Download - page 203

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SIRIUS XM RADIO INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2007
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 . . . . . . . . . $(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 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
costs . . . . . . . . . . . . . . . . . 244,879 — — — — 244,879
Repayment of long-term
borrowings . . . . . . . . . . . . (625) — — — — (625)
Net cash provided by
financing activities . . . . . 248,351 — — — — 248,351
Net increase 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-49
SIRIUS XM RADIO INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)