Cincinnati Bell 2013 Annual Report Download - page 226
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CyrusOne Inc.
CONSOLIDATED AND COMBINED STATEMENTS OF OPERATIONS
(dollars in millions, except per share data)
Successor Predecessor
Years Ended December 31,
January 24, 2013 to
December 31, 2013
January 1, 2013 to
January 23, 2013 2012 2011
Revenue ................................. $248.4 $ 15.1 $220.8 $181.7
Costs and expenses:
Property operating expenses ............... 88.4 4.8 76.0 58.2
Sales and marketing ...................... 9.9 0.7 9.7 9.1
General and administrative ................ 26.5 1.5 20.7 12.5
Depreciation and amortization .............. 89.9 5.3 73.4 55.5
Restructuring charges ..................... 0.7 — — —
Transaction costs ........................ 1.3 0.1 5.7 2.6
Transaction-related compensation ........... — 20.0 — —
Management fees charged by CBI ........... — — 2.5 2.3
Loss on sale of receivables to an affiliate ..... — — 3.2 3.5
Asset impairments ....................... 2.8 — 13.3 —
Total costs and expenses ................ 219.5 32.4 204.5 143.7
Operating income (loss) .................... 28.9 (17.3) 16.3 38.0
Interest expense ........................... 41.2 2.5 41.8 32.9
Other income ............................. (0.1) — — —
Loss on extinguishment of debt ............... 1.3 — — 1.4
Net (loss) income before income taxes ......... (13.5) (19.8) (25.5) 3.7
Income tax (expense) benefit ................. (1.9) (0.4) 5.1 (2.2)
(Loss) income from continuing operations ...... (15.4) (20.2) (20.4) 1.5
(Loss) gain on sale of real estate improvements . . (0.2) — 0.1 —
Net (loss) income .......................... $(15.6) $(20.2) $ (20.3) $ 1.5
Noncontrolling interest in net loss ............. 10.3
Net loss attributed to common shareholders . . . $ (5.3)
Basic weighted average common shares
outstanding ............................ 20.9
Diluted weighted average common shares
outstanding ............................ 20.9
Loss per share—basic and diluted ............. $(0.28)
The accompanying notes are an integral part of the consolidated and combined financial statements
8
Form 10-K/A Part IV Cincinnati Bell Inc.