Cincinnati Bell 2006 Annual Report Download - page 206
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Condensed Consolidating Balance Sheets
As of December 31, 2006
(dollars in millions)
Parent
(Guarantor) CBT
Other
(Non-guarantors) Eliminations Total
Cash and cash equivalents .................. $ 75.9 $ 1.5 $ 2.0 $ — $ 79.4
Receivables, net .......................... 0.3 71.0 90.6 — 161.9
Other current assets ....................... 13.9 36.2 73.2 (17.2) 106.1
Total current assets ...................... 90.1 108.7 165.8 (17.2) 347.4
Property, plant and equipment, net ........... 0.1 589.7 229.0 — 818.8
Goodwill and other intangibles, net ........... — — 166.2 — 166.2
Investments in and advances to subsidiaries .... 1,047.7 — — (1,047.7) —
Other noncurrent assets .................... 365.1 12.0 349.8 (45.5) 681.4
Total assets ........................... $1,503.0 $710.4 $910.8 $(1,110.4) $2,013.8
Current portion of long-term debt ............ $ 4.0 $ 0.9 $ 2.4 $ — $ 7.3
Accounts payable ......................... 0.5 32.7 40.9 — 74.1
Other current liabilities .................... 96.7 92.1 49.0 (0.3) 237.5
Total current liabilities ................... 101.2 125.7 92.3 (0.3) 318.9
Long-term debt, less current portion .......... 1,815.6 236.2 14.1 — 2,065.9
Other noncurrent liabilities ................. 377.8 65.0 40.2 (62.4) 420.6
Intercompany payables .................... — 37.3 432.5 (469.8) —
Total liabilities ......................... 2,294.6 464.2 579.1 (532.5) 2,805.4
Shareowners’ equity (deficit) ................ (791.6) 246.2 331.7 (577.9) (791.6)
Total liabilities and shareowners’ equity
(deficit) ............................ $1,503.0 $710.4 $910.8 $(1,110.4) $2,013.8
As of December 31, 2005
Parent
(Guarantor) CBT
Other
(Non-guarantors) Eliminations Total
Cash and cash equivalents .................. $ 23.9 $ 1.3 $ 0.5 $ — $ 25.7
Receivables, net .......................... 2.2 75.2 83.5 — 160.9
Other current assets ....................... 12.3 29.4 85.5 (20.3) 106.9
Total current assets ...................... 38.4 105.9 169.5 (20.3) 293.5
Property, plant and equipment, net ........... 0.1 603.0 197.3 — 800.4
Goodwill and other intangibles, net ........... 25.5 — 76.7 — 102.2
Investments in and advances to subsidiaries .... 996.6 — — (996.6) —
Other noncurrent assets .................... 296.1 12.5 415.4 (56.8) 667.2
Total assets ........................... $1,356.7 $721.4 $858.9 $(1,073.7) $1,863.3
Current portion of long-term debt ............ $ 4.0 $ 2.5 $ 4.8 $ — $ 11.3
Accounts payable ......................... 0.2 36.9 32.7 — 69.8
Other current liabilities .................... 88.2 66.7 42.9 (1.4) 196.4
Total current liabilities ................... 92.4 106.1 80.4 (1.4) 277.5
Long-term debt, less current portion .......... 1,826.3 237.1 10.0 — 2,073.4
Other noncurrent liabilities ................. 175.7 80.9 41.0 (75.7) 221.9
Intercompany payables .................... — 31.7 470.5 (502.2) —
Total liabilities ......................... 2,094.4 455.8 601.9 (579.3) 2,572.8
Minority interest .......................... — — 28.2 — 28.2
Shareowners’ equity (deficit) ................ (737.7) 265.6 228.8 (494.4) (737.7)
Total liabilities and shareowners’ equity
(deficit) ............................ $1,356.7 $721.4 $858.9 $(1,073.7) $1,863.3
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