Cincinnati Bell 2006 Annual Report Download - page 205
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Year ended December 31, 2005
(dollars in millions)
Parent
(Guarantor) CBT
Other
(Non-guarantors) Eliminations Total
Revenue ................................ $ — $755.6 $487.9 $ (33.9) $1,209.6
Operating costs and expenses ............... 17.9 479.5 487.3 (33.9) 950.8
Operating income (loss) ................... (17.9) 276.1 0.6 — 258.8
Equity in earnings of subsidiaries, net of tax . . . 113.8 — — (113.8) —
Interest expense .......................... 168.0 16.9 37.2 (37.7) 184.4
Loss on extinguishment of debt, net .......... 99.8 — — — 99.8
Other income, net ........................ (25.2) (5.9) (21.8) 37.7 (15.2)
Income (loss) before income taxes ........... (146.7) 265.1 (14.8) (113.8) (10.2)
Income tax expense (benefit) ............... (82.2) 99.8 36.7 — 54.3
Net income (loss) ........................ (64.5) 165.3 (51.5) (113.8) (64.5)
Preferred stock dividends .................. 10.4 — — — 10.4
Net income (loss) applicable to common
shareowners ........................... $ (74.9) $165.3 $ (51.5) $(113.8) $ (74.9)
Year ended December 31, 2004
Parent
(Guarantor) CBT
Other
(Non-guarantors) Eliminations Total
Revenue ................................ $ — $761.7 $475.0 $ (29.6) $1,207.1
Operating costs and expenses ............... 19.8 482.6 435.0 (29.6) 907.8
Operating income (loss) ................... (19.8) 279.1 40.0 — 299.3
Equity in earnings of subsidiaries, net of tax . . . 175.9 — — (175.9) —
Interest expense .......................... 185.5 17.5 25.6 (25.3) 203.3
Other income, net ........................ (21.5) (1.2) (6.9) 25.3 (4.3)
Income (loss) before income taxes ........... (7.9) 262.8 21.3 (175.9) 100.3
Income tax expense (benefit) ............... (72.1) 101.9 6.3 — 36.1
Net income ............................. 64.2 160.9 15.0 (175.9) 64.2
Preferred stock dividends .................. 10.4 — — — 10.4
Net income applicable to common
shareowners ........................... $ 53.8 $160.9 $ 15.0 $(175.9) $ 53.8
95