|
(in millions) |
|
Amount |
| |
|
Investing activities: |
|
|
| |
|
Acquisition of business (1) |
|
$ |
76.2 |
|
|
Redemption of GeoEye debt (2) |
|
(596.7 |
) | |
|
Total cash used in acquisition of business |
|
$ |
(520.5 |
) |
(1) Includes $103.8 million of cash paid to GeoEye common and convertible preferred stockholders, offset by cash acquired of $180.0 million.
(2) Includes cash paid to settle GeoEye’s outstanding long-term debt at the acquisition date, including principal of $525.0 million and accrued interest of $16.4 million that was replaced by new debt (See Note 8). As a result of the discharge and redemption of GeoEye’s debt, DigitalGlobe incurred early termination penalties of approximately $55.3 million.