Cincinnati Bell 2006 Annual Report Download - page 170

Cincinnati Bell Inc.
CONSOLIDATED STATEMENTS OF SHAREOWNERS’ EQUITY (DEFICIT) AND
COMPREHENSIVE INCOME (LOSS)
(in Millions)
6
3
⁄ 4 % Cumulative
Convertible
Preferred Shares
Common
Shares Additional
Paid-in
Capital
Accumulated
Deficit
Accumulated
Other
Comprehensive
Loss
Treasury
Shares
Shares Amount Shares Amount Shares Amount Total
Balance at
December 31, 2003 3.1 $129.4 252.3 $2.5 $2,940.7 $(3,604.2) $ (2.3) (7.9) $(145.5) $(679.4)
Net income ........... — — — — — 64.2 — — — 64.2
Additional minimum
pension liability
adjustment, net of
taxes of $2.2 ........ — — — — — — (3.2) — — (3.2)
Comprehensive income 61.0
Shares issued under
employee plans ...... — — 0.9 — 3.6 — — — 0.1 3.7
Restricted stock grant
and amortization ..... — — 0.1 — 0.6 — — — — 0.6
Dividends on 6
3
⁄ 4 %
preferred stock ....... — — — — (10.4) — — — — (10.4)
Balance at
December 31, 2004 3.1 129.4 253.3 2.5 2,934.5 (3,540.0) (5.5) (7.9) (145.4) (624.5)
Net loss .............. — — — — — (64.5) — — — (64.5)
Additional minimum
pension liability
adjustment, net of
taxes of $24.6 ....... — — — — — — (44.1) — — (44.1)
Comprehensive loss (108.6)
Shares issued under
employee plans and
other ............... — — 0.9 0.1 4.0 — — — (0.1) 4.0
Restricted stock grant
and amortization ..... — — 0.8 — 1.8 — — — — 1.8
Dividends on 6
3
⁄ 4 %
preferred stock ....... — — — — (10.4) — — — — (10.4)
Balance at
December 31, 2005 3.1 129.4 255.0 2.6 2,929.9 (3,604.5) (49.6) (7.9) (145.5) (737.7)
Adjustment to opening
accumulated deficit, net
of taxes of $5.2 ...... — — — — — (9.0) — — — (9.0)
Net income ........... — — — — — 86.3 — — — 86.3
Additional minimum
pension liability
adjustment, net of
taxes of $(1.4) ....... — — — — — — 2.2 — — 2.2
Comprehensive income 88.5
Shares issued/(purchased)
under employee plans
and other ........... — — 0.5 — 2.6 — — (0.3) (1.3) 1.3
Restricted stock grant
and amortization ..... — — 0.2 — 2.0 — — — — 2.0
Dividends on 6
3
⁄ 4 %
preferred stock ....... — — — — (10.4) — — — — (10.4)
Adjustment to initially
apply SFAS No. 158,
net of taxes of $73.3 . . — — — — — — (127.1) (127.1)
Other ................ — — — — 0.8 — — — — 0.8
Balance at
December 31, 2006 3.1 $129.4 255.7 $2.6 $2,924.9 $(3,527.2) $(174.5) (8.2) $(146.8) $(791.6)
The accompanying notes are an integral part of the consolidated financial statements.
60