Cincinnati Bell 2013 Annual Report Download - page 275

Form 10-K/A Part IV Cincinnati Bell Inc.
CyrusOne Inc. and CyrusOne LP
NOTES TO CONSOLIDATED AND COMBINED FINANCIAL STATEMENTS—(continued)
Consolidating Statements of Cash Flows
(dollars in millions)
Period Ended December 31, 2013
LP
Co-issuer
Finance
Co-issuer Guarantors
Non-
Guarantors Eliminations Total
Net (loss) income ........................ $ (15.6) $(36.5) $ 20.9 $(4.5) $ 20.1 $ (15.6)
Equity earnings (loss) related to investment in
subsidiaries ........................... (20.9) — 4.5 — 16.4 —
Adjustments to reconcile net (loss) income to
net cash provided by operating activities .... (9.4) 4.6 82.0 2.8 25.0 105.0
Changes in operating assets and liabilities, net
of effects of acquisitions:
Increase in receivables and other assets ....... — — (9.9) (3.0) (2.8) (15.7)
Increase (decrease) in accounts payable and
accrued expenses ....................... 4.8 (2.3) 0.2 0.3 (17.6) (14.6)
Increase (decrease) in payables to related
parties ............................... 6.8 — 18.4 — (6.8) 18.4
Other changes in assets and liabilities ........ — — (0.3) 0.2 — (0.1)
Net cash provided by (used in) operating
activities ............................. (34.3) (34.2) 115.8 (4.2) 34.3 77.4
Cash flows from investing activities:
Capital expenditures - acquisitions of real
estate ................................ — — (48.0) — — (48.0)
Capital expenditures - other ................ — — (172.9) — — (172.9)
Investment in subsidiaries .................. (337.1) — — — 337.1 —
Return of investment ...................... 66.5 35.5 — — (102.0) —
Release of restricted cash .................. — — 4.4 — — 4.4
Intercompany advances, net ................ — — — — — —
Other, net .............................. — — (0.2) — — (0.2)
Net cash provided by (used in) investing
activities ............................. (270.6) 35.5 (216.7) — 235.1 (216.7)
Cash flows from financing activities:
Issuance of partnership units ................ 337.1 — (3.2) — — 333.9
Distributions paid ........................ (31.0) — (31.0) — 31.0 (31.0)
Payments on capital leases ................. — — (4.4) (0.9) — (5.3)
Other financing arrangements ............... — — (0.5) (0.2) — (0.7)
Payments to buyout capital leases ........... — — (9.6) — — (9.6)
Payment to buyout other financing
arrangement .......................... — — (10.2) — — (10.2)
Contribution from parent, net ............... — — 295.4 6.3 (301.7) —
Debt issuance costs ....................... (1.3) (1.3) — — 1.3 (1.3)
Net cash provided by (used in) financing
activities ............................. 304.8 (1.3) 236.5 5.2 (269.4) 275.8
Net increase (decrease) in cash and cash
equivalents ........................... (0.1) — 135.6 1.0 — 136.5
Cash and cash equivalents at beginning of
period ............................... 0.1 — 11.2 1.0 — 12.3
Cash and cash equivalents at end of period .... $ — $ — $146.8 $ 2.0 $ — $ 148.8
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Form 10-K/A