[denphone]

http://www.marketwatch.com/story/vir...lts-2012-02-08

Virgin Media -- Full Year and Fourth Quarter 2011 Results
A Year of Record Free Cash Flow

Revenue growth and cost control deliver strong free cash flow

-- Revenue up 3.0% to GBP 4.0bn for the year -- Revenue up 2.0% to GBP 1.0bn for the quarter

-- OCF(1) up 5.3% to GBP 1,590m for the year -- OCF up 5.0% to GBP 424m for the quarter

-- Operating income up 67.8% to GBP 540m for the year; up 134% to GBP 166m for the quarter

-- Net income of GBP 76m for the year; first annual profit

-- FCF(2) up 20.7% to GBP 498m for the year -- FCF up 1.1% to GBP 140m for the quarter

-- Net cash provided by operating activities up 10.7% to GBP 1,149m for the year, up 11.0% to GBP 294m for the quarter

Strong TiVo and superfast broadband growth

-- TiVo customer base more than doubled in Q4 with 273,000 net additions -- 435,000 TiVo customers at the year-end; 12% of the TV base

-- 56,100 increase in the paying TV base(3) for the quarter

-- Strong demand for superfast broadband (30Mb and above) in Q4 with 133,000 customer growth

-- Net cable customer additions of 15,000 in Q4

-- Cable ARPU, up 0.7% to GBP 47.85 versus a strong comparison quarter

-- Mobile contract customers up 26% in the year to 1.5m -- Record 101,000 contract net additions into cable homes in the quarter

-- Business division revenue growth of 6.8% for the year