Cincinnati Bell 2013 Annual Report Download - page 277

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
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 . . . — — (15.5) (0.6) — (16.1)
(Decrease) increase in accounts payable
and accrued expenses ................ 4.4 4.4 (5.5) (0.3) (4.4) (1.4)
Increase (decrease) in payables to related
parties ............................ — — 3.3 0.5 — 3.8
Net cash provided by operating activities . . (5.3) 0.4 60.7 (3.8) (0.4) 51.6
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 provided by (used in) 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 (distributions to) parent,
net .............................. 5.7 — (12.7) 5.3 — (1.7)
Net cash provided by (used in) financing
activities .......................... 513.5 507.8 (301.3) 4.7 (507.8) 216.9
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
59
Form 10-K/A