Cincinnati Bell 2015 Annual Report Download - page 226
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Form 10-K Part II Cincinnati Bell Inc.
Condensed Consolidating Statements of Cash Flows
Year Ended December 31, 2015
(dollars in millions)
Parent
(Guarantor)
CBT
(Issuer)
Other
Non-guarantors Eliminations Total
Cash flows provided by (used in) by operating
activities ............................... $ (19.3) $ 198.7 $ (68.5) $ — $ 110.9
Capital expenditures ........................ (0.1) (260.7) (22.8) — (283.6)
Proceeds received from sale of CyrusOne ....... — — 643.9 — 643.9
Dividends received from CyrusOne ............ — — 22.2 — 22.2
Proceeds from sale of assets .................. — 0.1 0.9 — 1.0
Distributions received from subsidiaries ........ 11.3 — — (11.3) —
Funding between Parent and subsidiaries, net .... — 71.9 (555.5) 483.6 —
Other investing activities .................... (0.3) — — — (0.3)
Cash flows provided by (used in) investing
activities ............................... 10.9 (188.7) 88.7 472.3 383.2
Funding between Parent and subsidiaries, net .... 486.4 — (2.8) (483.6) —
Distributions paid to Parent .................. — — (11.3) 11.3 —
Net decrease in corporate credit and receivables
facilities with initial maturities less than 90
days ................................... — — (1.6) — (1.6)
Repayment of debt ......................... (518.5) (10.0) (3.2) — (531.7)
Debt issuance costs ......................... (0.2) — (0.2) — (0.4)
Other financing activities .................... (10.9) — — — (10.9)
Cash flows provided by (used in) financing
activities ............................... (43.2) (10.0) (19.1) (472.3) (544.6)
Increase (decrease) in cash and cash
equivalents ........................... (51.6) — 1.1 — (50.5)
Beginning cash and cash equivalents ......... 56.2 1.0 0.7 — 57.9
Ending cash and cash equivalents ........... $ 4.6 $ 1.0 $ 1.8 $ — $ 7.4
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