Cincinnati Bell 2013 Annual Report Download - page 196

Condensed Consolidating Statements of Operations and Comprehensive Income (Loss)
Year Ended December 31, 2013
(dollars in millions)
Parent
(Guarantor)
CBT
(Issuer)
Other
Non-guarantors Eliminations Total
Revenue ................................... $ — $644.2 $669.0 $ (56.3) $1,256.9
Operating costs and expenses ................... 55.4 459.1 634.9 (56.3) 1,093.1
Operating (loss) income ....................... (55.4) 185.1 34.1 — 163.8
Interest expense (income), net .................. 164.3 (2.7) 20.4 — 182.0
Other expense, net ........................... 28.2 6.5 4.3 — 39.0
(Loss) income before equity in earnings of
subsidiaries and income taxes ................ (247.9) 181.3 9.4 — (57.2)
Income tax (benefit) expense ................... (79.8) 66.1 11.2 — (2.5)
Equity in earnings of subsidiaries, net of tax ....... 113.4 — — (113.4) —
Net (loss) income ............................ (54.7) 115.2 (1.8) (113.4) (54.7)
Other comprehensive income (loss) .............. 76.5 — (0.1) — 76.4
Total comprehensive income (loss) .............. $ 21.8 $115.2 $ (1.9) $(113.4) $ 21.7
Net (loss) income ............................ $ (54.7) $115.2 $ (1.8) $(113.4) $ (54.7)
Preferred stock dividends ...................... 10.4 — — — 10.4
Net (loss) income applicable to common
shareowners .............................. $ (65.1) $115.2 $ (1.8) $(113.4) $ (65.1)
Year Ended December 31, 2012
(dollars in millions)
Parent
(Guarantor)
CBT
(Issuer)
Other
Non-guarantors Eliminations Total
Revenue ................................... $ — $642.8 $893.3 $ (62.2) $1,473.9
Operating costs and expenses ................... 33.9 436.3 795.8 (62.2) 1,203.8
Operating (loss) income ....................... (33.9) 206.5 97.5 — 270.1
Interest expense (income), net .................. 164.8 (1.5) 55.6 — 218.9
Other expense (income), net ................... 11.5 5.9 (2.1) — 15.3
(Loss) income before equity in earnings of
subsidiaries and income taxes ................ (210.2) 202.1 44.0 — 35.9
Income tax (benefit) expense ................... (68.3) 73.8 19.2 — 24.7
Equity in earnings of subsidiaries, net of tax ....... 153.1 — — (153.1) —
Net income ................................. 11.2 128.3 24.8 (153.1) 11.2
Other comprehensive loss ..................... (0.8) — — — (0.8)
Total comprehensive income ................... $ 10.4 $128.3 $ 24.8 $(153.1) $ 10.4
Net income ................................. $ 11.2 $128.3 $ 24.8 $(153.1) $ 11.2
Preferred stock dividends ...................... 10.4 — — — 10.4
Net income applicable to common shareowners .... $ 0.8 $128.3 $ 24.8 $(153.1) $ 0.8
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Form 10-K Part II Cincinnati Bell Inc.