Cincinnati Bell 2005 Annual Report Download - page 153

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Condensed Consolidating Statements of Cash Flows
Year ended December 31, 2005
(dollars in millions)
Parent
(Issuer) Guarantors Non-guarantors Eliminations Total
Cash flows provided by (used in) operating
activities ................................ $ (22.5) $ 38.9 $ 305.9 $— $ 322.3
Capital expenditures ........................ — (12.5) (130.5) — (143.0)
Other investing activities ..................... (1.1) 1.4 — — 0.3
Cash flows used in investing activities .......... (1.1) (11.1) (130.5) — (142.7)
Dividends from subsidiaries to Parent, net ....... 181.4 (29.9) (151.5) — —
Issuance of long-term debt ................... 752.0 0.1 — — 752.1
Repayment of debt .......................... (879.1) — (24.2) — (903.3)
Other financing activities .................... (29.5) 1.9 — — (27.6)
Cash flows provided by (used in) financing
activities ................................ 24.8 (27.9) (175.7) — (178.8)
Increase (decrease) in cash and cash
equivalents ............................ 1.2 (0.1) (0.3) — 0.8
Beginning cash and cash equivalents ......... 22.7 0.2 2.0 — 24.9
Ending cash and cash equivalents ............ $ 23.9 $ 0.1 $ 1.7 $— $ 25.7
Year ended December 31, 2004
Parent
(Issuer) Guarantors Non-guarantors Eliminations Total
Cash flows provided by (used in) operating
activities ................................ $ (34.9) $ 93.0 $ 242.6 $— $ 300.7
Capital expenditures ........................ (0.1) (24.2) (109.6) — (133.9)
Proceeds from sale of assets .................. 1.4 1.9 — — 3.3
Other investing activities ..................... 3.3 — 3.0 — 6.3
Cash flows provided by (used in) investing
activities ................................ 4.6 (22.3) (106.6) — (124.3)
Dividends from subsidiaries to Parent, net ....... 206.8 (71.3) (135.5) — —
Repayment of debt .......................... (169.5) 0.7 (3.0) — (171.8)
Other financing activities .................... (7.8) — 2.1 — (5.7)
Cash flows provided by (used in) financing
activities ................................ 29.5 (70.6) (136.4) — (177.5)
Increase (decrease) in cash and cash
equivalents ............................ (0.8) 0.1 (0.4) — (1.1)
Beginning cash and cash equivalents ......... 23.5 0.1 2.4 — 26.0
Ending cash and cash equivalents ............ $ 22.7 $ 0.2 $ 2.0 $— $ 24.9
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