Cincinnati Bell 2007 Annual Report Download - page 172
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Year Ended December 31, 2006
(dollars in millions)
Parent
(Guarantor) CBT
Other
(Non-guarantors) Eliminations Total
Revenue ................................ $ — $747.3 $557.6 $ (34.8) $1,270.1
Operating costs and expenses ............... 22.0 481.3 489.1 (34.8) 957.6
Operating income (loss) .................... (22.0) 266.0 68.5 — 312.5
Interest expense .......................... 146.1 15.1 32.6 (31.7) 162.1
Other expense (income) .................... (32.5) 0.3 (3.7) 31.7 (4.2)
Income (loss) before equity in earnings of
subsidiaries and income taxes ............. (135.6) 250.6 39.6 — 154.6
Income tax expense (benefit) ................ (35.8) 89.8 14.3 — 68.3
Equity in earnings of subsidiaries, net of tax .... 186.1 — — (186.1) —
Net income .............................. 86.3 160.8 25.3 (186.1) 86.3
Preferred stock dividends ................... 10.4 — — — 10.4
Net income applicable to common
shareowners ........................... $ 75.9 $160.8 $ 25.3 $(186.1) $ 75.9
Year Ended December 31, 2005
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
Interest expense .......................... 168.0 16.9 37.2 (37.7) 184.4
Loss on extinguishment of debt .............. 99.8 — — — 99.8
Other income ............................ (25.2) (5.9) (21.8) 37.7 (15.2)
Income (loss) before equity in earnings of
subsidiaries and income taxes ............. (260.5) 265.1 (14.8) — (10.2)
Income tax expense (benefit) ................ (82.2) 99.8 36.7 — 54.3
Equity in earnings of subsidiaries, net of tax .... 113.8 — — (113.8) —
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)
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