Cincinnati Bell 2006 Annual Report Download - page 8

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Financial Highlights
Year Ended December 31,
(dollars in millions) 2006 2005 2004
Operating Data
Revenue $1,270.1 $1,209.6 $1,207.1
Cost of services and products, selling, general, and administrative,
depreciation and amortization 955.5 908.0 896.7
Restructuring, asset impairments and other charges, shareholder claim settlement 9.7 42.8 14.8
Gain on sale of broadband assets (7.6) – (3.7)
Operating income 312.5 258.8 299.3
Minority interest income (0.5) (11.0) (0.5)
Interest expense 162.1 184.4 203.3
Loss on extinguishment of debt 0.1 99.8 –
Net income (loss) $ 86.3 $ (64.5) $ 64.2
Financial Position
Property, plant and equipment, net $ 818.8 $ 800.4 $ 857.7
Total assets 2,013.8 1,863.3 1,958.7
Long-term debt 2,065.9 2,073.4 2,111.1
Total debt 2,073.2 2,084.7 2,141.2
Total long-term obligations 2,486.5 2,295.3 2,246.6
Minority interest 28.2 39.2
Shareowners’ deficit (791.6) (737.7) (624.5)
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.
Safe Harbor Statement
Certain of the statements and predictions contained in this
report constitute forward-looking statements within the
meaning of the Private Securities Litigation Reform Act. In
particular, any statements, projections or estimates that include
or reference the words “believes,” “anticipates,” “plans,”
“intends,” “expects,” “will,” or any similar expression fall within
the safe harbor for forward-looking statements contained in the
Reform Act. Actual results or outcomes may differ materially
from those indicated or suggested by any such forward-looking
statement for a variety of reasons, including but not limited to,
Cincinnati Bell’s ability to maintain its market position in
communications services, including wireless, wireline and
internet services; general economic trends affecting the purchase
or supply of telecommunication services; world and national
events that may affect the ability to provide services; changes in
the regulatory environment; any rulings, orders or decrees that
may be issued by any court or arbitrator; restrictions imposed
under various credit facilities and debt instruments; work
stoppages caused by labor disputes; and Cincinnati Bell’s ability
to develop and launch new products and services. More
information on potential risks and uncertainties is available in
recent filings with the Securities and Exchange Commission,
including Cincinnati Bell’s Form 10-K report, Form 10-Q
reports and Form 8-K reports. The forward-looking statements
included in this report represent estimates as of March 14,
2007. Cincinnati Bell anticipates that subsequent events and
developments will cause its estimates to change.
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