Cincinnati Bell 2013 Annual Report Download - page 274

Form 10-K/A Part IV Cincinnati Bell Inc.
CyrusOne Inc. and CyrusOne LP
NOTES TO CONSOLIDATED AND COMBINED FINANCIAL STATEMENTS—(continued)
(dollars in millions)
Year Ended December 31, 2012
LP
Co-issuer
Finance
Co-issuer Guarantors
Non-
Guarantors Eliminations Total
Revenue ................................. $ — $ — $219.4 $ 1.4 $ — $220.8
Costs and expenses:
Property operating expenses .................. — — 74.1 1.9 — 76.0
Sales and marketing ........................ — — 9.5 0.2 — 9.7
General and administrative ................... — — 20.6 0.1 — 20.7
Depreciation and amortization ................ — — 71.9 1.5 — 73.4
Transaction costs .......................... 5.7 — — — — 5.7
Management fees charged by CBI ............. — — 2.5 — — 2.5
Loss on sale of receivables to an affiliate ........ — — 3.2 — — 3.2
Asset impairments ......................... — — 13.3 — — 13.3
Total costs and expenses ..................... 5.7 — 195.1 3.7 — 204.5
Operating income (loss) ..................... (5.7) — 24.3 (2.3) — 16.3
Interest expense ........................... 4.2 4.2 35.0 2.6 (4.2) 41.8
Loss before income taxes .................... (9.9) (4.2) (10.7) (4.9) 4.2 (25.5)
Income tax benefit ......................... — — 5.1 — — 5.1
Equity loss related to investment in subsidiaries . . (10.4) — (4.9) — 15.3 —
Loss from continuing operations .............. (20.3) (4.2) (10.5) (4.9) 19.5 (20.4)
Gain on sale of real estate improvements ........ — — 0.1 — — 0.1
Net loss .................................. $(20.3) $(4.2) $ (10.4) $(4.9) $19.5 $ (20.3)
(dollars in millions)
Year Ended December 31, 2011
LP
Co-issuer
Finance
Co-issuer Guarantors
Non-
Guarantors Eliminations Total
Revenue ................................. $ — $ — $181.5 $ 0.2 $ — $181.7
Costs and expenses:
Property operating expenses .................. — — 57.9 0.3 — 58.2
Sales and marketing ........................ — — 9.1 — — 9.1
General and administrative ................... — — 12.4 0.1 — 12.5
Depreciation and amortization ................ — — 55.1 0.4 — 55.5
Transaction costs .......................... — — 2.6 — — 2.6
Management fees charged by CBI ............. — — 2.3 — — 2.3
Loss on sale of receivables to an affiliate ........ — — 3.5 — — 3.5
Total costs and expenses ..................... — — 142.9 0.8 — 143.7
Operating income (loss) ..................... — — 38.6 (0.6) — 38.0
Interest expense ........................... — — 32.3 0.6 — 32.9
Loss on extinguishment of debt ............... — — 1.4 — — 1.4
Income (loss) before income taxes ............. — — 4.9 (1.2) — 3.7
Income tax expense ........................ — — (2.2) — — (2.2)
Equity loss related to investment in subsidiaries . . — — (1.2) — 1.2 —
Income (loss) from continuing operations ....... — — 1.5 (1.2) 1.2 1.5
Net income (loss) .......................... $ — $ — $ 1.5 $(1.2) $ 1.2 $ 1.5
56