Cincinnati Bell 2007 Annual Report Download - page 136

Cincinnati Bell Inc.
CONSOLIDATED STATEMENTS OF SHAREOWNERS’ EQUITY (DEFICIT) AND
COMPREHENSIVE INCOME (LOSS)
(in Millions)
6
3
⁄ 4 % Cumulative
Convertible
Preferred Shares Common Shares Additional
Paid-in
Capital
Accumulated
Deficit
Accumulated
Other
Comprehensive
Loss
Treasury Shares
TotalShares Amount Shares Amount Shares Amount
Balance at December 31,
2004 ................. 3.1 $129.4 253.3 $2.5 $2,934.5 $(3,540.0) $ (5.5) (7.9) $(145.4) $(624.5)
Net loss ................. — — — — — (64.5) — — — (64.5)
Additional minimum pension
liability adjustment, net of
taxes of $24.6 .......... — — — — — — (44.1) — — (44.1)
Comprehensive loss ....... (108.6)
Shares issued under
employee plans and
other ................. — — 1.7 0.1 4.0 — — — (0.1) 4.0
Stock-based compensation . . — — — — 1.8 — — — — 1.8
Dividends on 6
3
⁄ 4 % preferred
stock ................. — — — — (10.4) — — — — (10.4)
Balance at December 31,
2005 ................. 3.1 129.4 255.0 2.6 2,929.9 (3,604.5) (49.6) (7.9) (145.5) (737.7)
Adjustment to opening
accumulated deficit, net of
taxes of $5.2 ........... — — — — — (9.0) — — — (9.0)
Net income .............. — — — — — 86.3 — — — 86.3
Additional minimum pension
liability adjustment, net of
taxes of $(1.4) .......... — — — — — — 2.2 — — 2.2
Comprehensive income .... 88.5
Shares issued (purchased)
under employee plans and
other ................. — — 0.7 — 2.1 — — (0.3) (1.3) 0.8
Stock-based compensation . . — — — — 2.5 — — — — 2.5
Dividends on 6
3
⁄ 4 % preferred
stock ................. — — — — (10.4) — — — — (10.4)
Adjustment to initially apply
SFAS No. 158, net of taxes
of $73.3 ............... — — — — — — (127.1) — — (127.1)
Other ................... — — — — 0.8 — — — — 0.8
Balance at December 31,
2006 ................. 3.1 129.4 255.7 2.6 2,924.9 (3,527.2) (174.5) (8.2) (146.8) (791.6)
Adjustment to opening
accumulated deficit ...... — — — — — (5.1) — — — (5.1)
Net income .............. — — — — — 73.2 — — — 73.2
Amortization of pension and
postretirement costs, net of
taxes of ($7.0) .......... — — — — — — 12.2 — — 12.2
Remeasurement of pension
and postretirement
liabilities and other, net of
taxes of ($27.1) ......... — — — — — — 46.4 — — 46.4
Comprehensive income .... 131.8
Shares issued (purchased)
under employee plans and
other ................. — — 1.0 — 2.1 — — (0.1) (0.5) 1.6
Stock-based compensation . . — — — — 6.1 — — — — 6.1
Dividends on 6
3
⁄ 4 % preferred
stock ................. — — — — (10.4) — — — — (10.4)
Balance at December 31,
2007 ................. 3.1 $129.4 256.7 $2.6 $2,922.7 $(3,459.1) $(115.9) (8.3) $(147.3) $(667.6)
The accompanying notes are an integral part of the consolidated financial statements.
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