Cincinnati Bell 2004 Annual Report Download - page 178

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For the year ended December 31, 2002
Parent
(Issuer) Guarantors Non-guarantors Eliminations Total
Revenue ............................................. $ $229.5 $ 2,029.0 $ (79.9) $ 2,178.6
Operating costs and expenses .......................... 12.1 226.4 4,113.5 (79.9) 4,272.1
Operating income (loss) ............................... (12.1) 3.1 (2,084.5) — (2,093.5)
Equity in earnings (loss) of subsidiaries and discontinued
operations, net of taxes .............................. (2,139.7) — 2,139.7
Interest expense and other financing costs ............... 137.8 3.7 100.3 (77.6) 164.2
Other expense (income), net ........................... (28.6) 22.3 (3.5) 77.6 67.8
Income (loss) before income taxes, discontinued
operations and cumulative effect of change in
accounting principle ................................ (2,261.0) (22.9) (2,181.3) 2,139.7 (2,325.5)
Income tax expense (benefit) ........................... (29.4) 13.0 140.1 123.7
Income (loss) from continuing operations before
discontinued operations ............................. —
and cumulative effect of change in accounting principle . . (2,231.6) (35.9) (2,321.4) 2,139.7 (2,449.2)
Income from discontinued operations, net................ — — 217.6 — 217.6
Cumulative effect of a change in accounting principle, net
of tax .............................................. (2,008.7) (2,008.7) 2,008.7 (2,008.7)
Net income (loss) ..................................... (4,240.3) (35.9) (4,112.5) 4,148.4 (4,240.3)
Preferred stock dividendes ............................. 10.4 — 10.4
Net income (loss) applicable to common shareowners .... $(4,250.7) $ (35.9) $(4,112.5) $4,148.4 $(4,250.7)
104