XM Radio 2008 Annual Report Download - page 101

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SIRIUS XM RADIO INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
YEAR ENDED DECEMBER 31, 2008
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 .......... $(159,080) $ 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
related costs ............. — — — 531,743 — 531,743
Payment of premiums on
redemption of debt ........ — — — (18,693) — (18,693)
Payments to minority interest
holder ................. 60,401 — — (61,880) — (1,479)
Repayment of long-term
borrowings .............. (62,901) — — (1,083,143) — (1,146,044)
Net cash provided by (used
in) financing activities.... (2,029) — — (631,973) — (634,002)
Net increase (decrease) 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-51
SIRIUS XM RADIO INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)