Cincinnati Bell 2013 Annual Report Download - page 268

Form 10-K/A Part IV Cincinnati Bell Inc.
CyrusOne Inc. and CyrusOne LP
NOTES TO CONSOLIDATED AND COMBINED FINANCIAL STATEMENTS—(continued)
Year Ended December 31, 2012
(dollars in millions)
Parent
Guarantor
General
Partner
LP
Co-issuer
Finance
Co-issuer Guarantors
Non-
Guarantors Eliminations Total
Net (loss) income ............... $ — $— $ (20.3) $ (4.2) $ (10.4) $(4.9) $ 19.5 $ (20.3)
Equity loss related to investment in
subsidiaries .................. — — 10.4 — 4.9 — (15.3) —
Adjustments to reconcile net (loss)
income to net cash provided by
operating activities ............ — — 0.2 0.2 83.9 1.5 (0.2) 85.6
Changes in operating assets and
liabilities, net of effects of
acquisitions:
Increase in receivables and other
assets ....................... (7.9) — — — (15.5) (0.6) — (24.0)
(Decrease) increase in accounts
payable and accrued expenses . . . 0.8 — 4.4 4.4 (5.5) (0.3) (4.4) (0.6)
Increase (decrease) in payables to
related parties ................ — — — — 3.3 0.5 — 3.8
Net cash ( used in) provided by
operating activities ............ (7.1) — (5.3) 0.4 60.7 (3.8) (0.4) 44.5
Cash flows from investing activities:
Capital expenditures - acquisitions
of real estate ................. — — — — (25.1) (0.3) — (25.4)
Capital expenditures - other ....... — — — — (202.9) — — (202.9)
Proceeds from sale of assets ....... — — — — 0.2 — — 0.2
Increase in restricted cash ........ — — — — (11.1) — — (11.1)
Release of restricted cash ......... — — — — 4.8 — — 4.8
Advances to affiliate ............. — — — — (18.3) — — (18.3)
Intercompany advances, net ....... — — (508.2) (508.2) 508.1 0.1 508.2 —
Other, net ..................... — — — — 0.1 — — 0.1
Net cash (used in) provided by
investing activities ............ — — (508.2) (508.2) 255.8 (0.2) 508.2 (252.6)
Cash flows from financing activities:
Borrowings from affiliates, net .... — — — — 119.8 — — 119.8
Repayment of related party note . . . — — — — (400.0) — — (400.0)
Proceeds from issuance of debt .... — — 525.0 525.0 — — (525.0) 525.0
Payment on capital lease
obligations .................. — — — — (8.4) (0.6) — (9.0)
Debt issuance costs .............. — — (17.2) (17.2) — — 17.2 (17.2)
Contributions from (distribution to)
parent, net ................... 7.1 — 5.7 — (12.7) 5.3 — 5.4
Net cash provided by (used in)
financing activities ............ 7.1 — 513.5 507.8 (301.3) 4.7 (507.8) 224.0
Net increase in cash and cash
equivalents .................. — — — — 15.2 0.7 — 15.9
Cash and cash equivalents at
beginning of period ........... — — — — 0.4 0.2 — 0.6
Cash and cash equivalents at end of
period ...................... $ — $— $ — $ — $ 15.6 $ 0.9 $ — $ 16.5
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