Cincinnati Bell 2001 Annual Report Download - page 43

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41
CONSOLIDATED STATEMENTS OF SHAREOWNERS’ EQUITY
6
3
⁄
4
% Cumulative Accumulated
Convertible Additional Other Com-
Preferred Shares Common Shares Treasury Shares Paid-in Accumulated prehensive
(Dollars and shares in millions) Shares Amount Shares Amount Shares Amount Capital Deficit Income (Loss) Total
BALANCE AT
JANUARY 1, 1999 — $ — 136.4 $1.4 — $ — $ 147.4 $ — $ (6.7) $ 142.1
Shares issued under
employee plans — — 3.2 — — — 46.3 — — 46.3
Net income — — — — — — — 31.4 — 31.4
Additional minimum
pension liability
adjustment — — — — — — — — 3.6 3.6
Unrealized gain on
investments — — — — — — — — 170.0 170.0
Restricted stock
amortization — — 0.7 — — — 5.1 — — 5.1
Dividends:
Common Shares, at
$.20 per share — — — — — — — (27.5) — (27.5)
Preferred Shares — — — — — — 1.8 (3.9) — (2.1)
Equity issued in
connection
with Merger 0.2 129.4 68.4 0.7 — — 1,778.9 — — 1,909.0
Treasury shares
repurchased — — — — (7.8) (145.1) — — — (145.1)
BALANCE AT
DECEM B E R 31, 19 9 9 0.2 129.4 208.7 2.1 (7.8) (145.1) 1,979.5 — 166.9 2,132.8
Shares issued under
employee plans — — 5.0 — — — 130.0 — — 130.0
Net loss — — — — — — — (377.1) — (377.1)
Depository share
conversion 2.9 — — — — — — — — —
Additional minimum
pension liability
adjustment — — — — — — — — (0.1) (0.1)
Unrealized loss on
investments, net of
reclassification
adjustments — — — — — — — — (84.1) (84.1)
Restricted stock
amortization — — 0.1 — — — 3.6 — — 3.6
Dividends on
preferred shares — — — — — — (12.3) — — (12.3)
Redemption of 71⁄2%
convertible
preferred stock — — 9.5 0.1 — — 228.6 — — 228.7
BALANCE AT
DECEM B E R 31, 2000 3.1 129.4 223.3 2.2 (7.8) (145.1) 2,329.4 (377.1) 82.7 2,021.5
Shares issued under
employee plans — — 2.3 0.1 — — 40.7 — — 40.8
Net loss — — — — — — — (286.2) — (286.2)
Additional minimum
pension liability
adjustment — — — — — — — — (0.1) (0.1)
Unrealized loss on
investments, net of
reclassification
adjustments — — — — — — — — (85.9) (85.9)
Unrealized loss on
interest rate swaps — — — — — — — — (7.4) (7.4)
Restricted stock
amortization — — 0.3 — — — 6.1 — — 6.1
Dividends on
preferred shares — — — — — — (10.4) — — (10.4)
BALANCE AT
DECEM B E R 31, 20013.1 $129.4 225.9 $2.3 (7.8) $(145.1) $2,365.8 $(663.3) $ (10.7) $1,678.4
The accompanying notes are an integral part of the financial statements.