Cincinnati Bell 2005 Annual Report Download - page 147
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Condensed Consolidating Balance Sheets
As of December 31, 2005
(dollars in millions)
Parent
(Guarantor) CBT
Other
(Non-guarantors) Eliminations Total
Cash and cash equivalents .................. $ 23.9 $ 1.3 $ 0.5 $ — $ 25.7
Receivables, net .......................... 2.9 75.2 82.8 — 160.9
Other current assets ....................... 12.5 29.4 85.3 (20.3) 106.9
Total current assets ...................... 39.3 105.9 168.6 (20.3) 293.5
Property, plant and equipment, net ........... 0.2 603.0 197.2 — 800.4
Goodwill and licenses, net .................. — — 76.7 — 76.7
Investments in and advances to subsidiaries .... 995.6 — — (995.6) —
Other noncurrent assets .................... 321.9 12.5 415.1 (56.8) 692.7
Total assets ........................... $1,357.0 $721.4 $857.6 $(1,072.7) $1,863.3
Current portion of long-term debt ............ $ 4.0 $ 2.5 $ 4.8 $ — $ 11.3
Accounts payable ......................... 0.2 36.9 32.7 — 69.8
Other current liabilities .................... 88.4 66.7 42.7 (1.4) 196.4
Total current liabilities ................... 92.6 106.1 80.2 (1.4) 277.5
Long-term debt, less current portion .......... 1,826.3 237.1 10.0 — 2,073.4
Other noncurrent liabilities ................. 175.8 80.9 40.9 (75.7) 221.9
Intercompany payables .................... — 31.7 469.4 (501.1) —
Total liabilities ......................... 2,094.7 455.8 600.5 (578.2) 2,572.8
Minority interest .......................... — — 28.2 — 28.2
Shareowners’ equity (deficit) ................ (737.7) 265.6 228.9 (494.5) (737.7)
Total liabilities and shareowners’ equity
(deficit) ............................ $1,357.0 $721.4 $857.6 $(1,072.7) $1,863.3
As of December 31, 2004
Parent
(Guarantor) CBT
Other
(Non-guarantors) Eliminations Total
Cash and cash equivalents .................. $ 22.7 $ 1.4 $ 0.8 $ — $ 24.9
Receivables, net .......................... 3.4 67.6 68.0 — 139.0
Other current assets ....................... 13.8 24.6 62.4 (11.5) 89.3
Total current assets ...................... 39.9 93.6 131.2 (11.5) 253.2
Property, plant and equipment, net ........... 1.1 612.0 244.6 — 857.7
Goodwill and licenses, net .................. — — 76.7 — 76.7
Investments in and advances to subsidiaries .... 1,063.1 — — (1,063.1) —
Other noncurrent assets .................... 320.3 11.5 484.9 (45.6) 771.1
Total assets ........................... $1,424.4 $717.1 $937.4 $(1,120.2) $1,958.7
Current portion of long-term debt ............ $ 4.3 $ 24.1 $ 1.7 $ — $ 30.1
Accounts payable ......................... 0.2 34.6 24.1 — 58.9
Other current liabilities .................... 77.4 75.2 53.9 1.9 208.4
Total current liabilities ................... 81.9 133.9 79.7 1.9 297.4
Long-term debt, less current portion .......... 1,870.2 240.7 0.2 — 2,111.1
Other noncurrent liabilities ................. 96.8 67.0 30.7 (59.0) 135.5
Intercompany payables .................... — 23.9 547.6 (571.5) —
Total liabilities ......................... 2,048.9 465.5 658.2 (628.6) 2,544.0
Minority interest .......................... — — 39.2 — 39.2
Shareowners’ equity (deficit) ................ (624.5) 251.6 240.0 (491.6) (624.5)
Total liabilities and shareowners’ equity
(deficit) ............................ $1,424.4 $717.1 $937.4 $(1,120.2) $1,958.7
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