Cincinnati Bell 2013 Annual Report Download - page 7

Financial Highlights
Year Ended December 31,
(dollars in millions) 2013(a) 2012 2011
Operating Data
Revenue $1,256.9 $1,473.9 $1,462.4
Cost of services and products, selling, general and administrative,
depreciation and amortization expense 1,033.4 1,181.5 1,139.9
Restructuring charges, transaction-related compensation, curtailment (gain) loss, loss (gain) on
sale or disposal of assets, goodwill impairment, asset impairments, and transaction costs 59.7 22.3 63.0
Operating income 163.8 270.1 259.5
Interest expense 182.0 218.9 215.0
Loss on extinguishment of debt 29.6 13.6 —
Loss from CyrusOne equity method investment 10.7 ——
Net (loss) income $ (54.7) $ 11.2 $ 18.6
Financial Position
Property, plant and equipment, net $ 902.8 $1,587.4 $1,400.5
Total assets 2,107.3 2,872.4 2,714.7
Total long-term obligations 2,529.7 3,215.2 3,073.5
These financial highlights should be read in conjunction with the Consolidated Financial Statements and “Management’s Discussion and Analysis of Financial
Condition and Results of Operations” included in the Company’s Annual Report on Form 10-K included in this document.
(a) Results for 2013 include revenues and expenses for CyrusOne, our former data center business, for the period January 1, 2013 through
January 23, 2013. Effective January 24, 2013, the date of the CyrusOne IPO, we no longer include CyrusOne’s operating results in our
consolidated financial statements.
Safe Harbor Statement
This annual report and the documents incorporated by
reference herein contain forward-looking statements
regarding future events and our future results that are
subject to the “safe harbor” provisions of the Private
Securities Litigation Reform Act of 1995. All statements,
other than statements of historical facts, are statements
that could be deemed forward-looking statements. These
statements are based on current expectations, estimates,
forecasts, and projections about the industries in which
we operate and the beliefs and assumptions of our
management. Words such as “expects,” “anticipates,”
“predicts,” “projects,” “intends,” “plans,” “believes,”
“seeks,” “estimates,” “continues,” “endeavors,” “strives,”
“may,” variations of such words and similar expressions
are intended to identify such forward-looking statements.
In addition, any statements that refer to projections of
our future financial performance, our anticipated growth
and trends in our businesses, and other characterizations
of future events or circumstances are forward-looking
statements. Readers are cautioned these forward-looking
statements are based on current expectations and
assumptions that are subject to risks and uncertainties,
which could cause our actual results to differ materially
and adversely from those reflected in the forward-looking
statements. Factors that could cause or contribute to such
differences include, but are not limited to, those
discussed in this release and those discussed in other
documents we file with the Securities and Exchange
Commission (SEC). More information on potential risks
and uncertainties is available in our recent filings with
the SEC, including Cincinnati Bell’s Form 10-K report,
Form 10-Q reports and Form 8-K reports. Actual results
may differ materially and adversely from those expressed
in any forward-looking statements. We undertake no
obligation to revise or update any forward-looking
statements for any reason.
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