Cincinnati Bell 2004 Annual Report Download - page 174

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Condensed Consolidating Statements of Cash Flows
(dollars in millions)
For the year ended December 31, 2004
Parent
(CBT Note
Guarantor)
CBT
Issuer
Other
(Non-guarantors) Eliminations Total
Cash flows provided by (used in) operating activities .... $ (33.5) $ 251.2 $ 83.0 $— $ 300.7
Capital expenditures .................................. — (80.2) (53.7) — (133.9)
Proceeds from sale of assets ........................... — — 3.3 — 3.3
Other investing activities .............................. 3.3 3.0 — 6.3
Cash Flows provided by (used in) investing activities .... 3.3 (77.2) (50.4) — (124.3)
Issuance of long-term debt ............................. — — — — —
Capital contributions and other intercompany transactions 206.8 (173.4) (33.4) — 0.0
Repayment of long-term debt .......................... (169.5) (3.0) 0.7 — (171.8)
Issuance of common shares — exercise of stock options . 2.4 — — — 2.4
Other financing activities .............................. (10.2) 2.1 — — (8.1)
Cash Flows provided by (used in) financing activities .... 29.5 (174.3) (32.7) — (177.5)
Increase (decrease) in cash and cash equivalents ...... (0.7) (0.3) (0.1) — (1.1)
Beginning cash and cash equivalents ................. 23.5 1.7 0.8 — 26.0
Ending cash and cash equivalents .................... $ 22.8 $ 1.4 $ 0.7 $— $ 24.9
For the year ended December 31, 2003
Parent
(CBT Note
Guarantor)
CBT
Issuer
Other
(Non-guarantors) Eliminations Total
Cash flows provided by (used in) operating activities .... $ 339.0 $ 277.3 $(305.7) $— $ 310.6
Capital expenditures .................................. (0.1) (81.0) (45.3) — (126.4)
Proceeds from sale of broadband assets ................. — — 82.7 — 82.7
Other investing activities .............................. 3.2 — (2.3) — 0.9
Cash Flows provided by (used in) investing activities .... 3.1 (81.0) 35.1 — (42.8)
Issuance of long-term debt ............................. 1,390.0 — — — 1,390.0
Capital contributions and other intercompany transactions (299.3) (173.0) 472.3 — —
Repayment of long-term debt .......................... (1,371.3) (24.2) (195.1) — (1,590.6)
Issuance of common shares — exercise of stock options . 2.2 — — — 2.2
Other financing activities .............................. (78.8) — (9.5) — (88.3)
Cash Flows provided by (used in) financing activities .... (357.2) (197.2) 267.7 — (286.7)
Increase (decrease) in cash and cash equivalents .... (15.1) (0.9) (2.9) — (18.9)
Beginning cash and cash equivalents .............. 38.6 2.6 3.7 — 44.9
Ending cash and cash equivalents ................. $ 23.5 $ 1.7 $ 0.8 $— $ 26.0
100