Cincinnati Bell 2012 Annual Report Download - page 197
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Form 10-K Part II Cincinnati Bell Inc.
Condensed Consolidating Statements of Operations and Comprehensive Income
Year Ended December 31, 2012
(dollars in millions)
Parent
(Issuer) Guarantors Non-guarantors Eliminations Total
Revenue ................................. $ — $713.4 $822.7 $ (62.2) $1,473.9
Operating costs and expenses ................ 33.9 646.5 585.6 (62.2) 1,203.8
Operating income (loss) ..................... (33.9) 66.9 237.1 — 270.1
Interest expense, net ........................ 164.8 7.8 46.3 — 218.9
Other expense (income), net ................. 11.5 9.1 (5.3) — 15.3
Income (loss) before equity in earnings of
subsidiaries and income taxes .............. (210.2) 50.0 196.1 — 35.9
Income tax expense (benefit) ................. (68.3) 19.2 73.8 — 24.7
Equity in earnings of subsidiaries, net of tax ..... 153.1 (11.8) — (141.3) —
Net income ............................... 11.2 19.0 122.3 (141.3) 11.2
Other comprehensive loss ................... (0.8) — — — (0.8)
Total comprehensive income ................. $ 10.4 $ 19.0 $122.3 $(141.3) $ 10.4
Net income ............................... $ 11.2 $ 19.0 $122.3 $(141.3) $ 11.2
Preferred stock dividends ................... 10.4 — — — 10.4
Net income applicable to common
shareowners ............................ $ 0.8 $ 19.0 $122.3 $(141.3) $ 0.8
Year Ended December 31, 2011
(dollars in millions)
Parent
(Issuer) Guarantors Non-guarantors Eliminations Total
Revenue ................................. $ 3.4 $741.6 $774.8 $ (57.4) $1,462.4
Operating costs and expenses ................ 23.6 714.0 522.7 (57.4) 1,202.9
Operating income (loss) ..................... (20.2) 27.6 252.1 — 259.5
Interest expense, net ........................ 161.8 9.7 43.5 — 215.0
Other expense (income), net ................. (0.9) 9.7 (7.9) — 0.9
Income (loss) before equity in earnings of
subsidiaries and income taxes (181.1) 8.2 216.5 — 43.6
Income tax expense (benefit) ................. (56.4) 2.6 78.8 — 25.0
Equity in earnings of subsidiaries, net of tax ..... 143.3 11.1 — (154.4) —
Net income ............................... 18.6 16.7 137.7 (154.4) 18.6
Other comprehensive loss ................... (48.8) — (0.1) — (48.9)
Total comprehensive (loss)/income ............ $ (30.2) $ 16.7 $137.6 $(154.4) $ (30.3)
Net income ............................... $ 18.6 $ 16.7 $137.7 $(154.4) $ 18.6
Preferred stock dividends ................... 10.4 — — — 10.4
Net income applicable to common
shareowners ............................ $ 8.2 $ 16.7 $137.7 $(154.4) $ 8.2
123
Form 10-K