Cincinnati Bell 2009 Annual Report Download - page 165
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Condensed Consolidating Balance Sheets
As of December 31, 2009
(dollars in millions)
Parent
(Guarantor) CBT
Other
(Non-guarantors) Eliminations Total
Cash and cash equivalents .................. $ 20.1 $ 2.1 $ 0.8 $ — $ 23.0
Receivables, net .......................... — — 159.9 — 159.9
Other current assets ....................... 47.8 22.0 69.0 (0.7) 138.1
Total current assets ........................ 67.9 24.1 229.7 (0.7) 321.0
Property, plant and equipment, net ........... 0.8 629.6 492.9 — 1,123.3
Goodwill and other intangibles, net ........... — 2.8 179.2 — 182.0
Investments in and advances to subsidiaries .... 912.4 10.1 — (922.5) —
Other noncurrent assets .................... 329.7 10.9 186.8 (89.4) 438.0
Total assets ........................... $1,310.8 $677.5 $1,088.6 $(1,012.6) $2,064.3
Current portion of long-term debt ............ $ 2.1 $ 1.3 $ 12.4 $ — $ 15.8
Accounts payable ......................... 0.4 44.8 61.0 — 106.2
Other current liabilities .................... 67.8 56.0 78.1 (0.1) 201.8
Total current liabilities ..................... 70.3 102.1 151.5 (0.1) 323.8
Long-term debt, less current portion .......... 1,558.4 214.5 190.4 — 1,963.3
Other noncurrent liabilities ................. 328.5 90.2 103.1 (90.0) 431.8
Intercompany payables .................... 8.2 — 298.9 (307.1) —
Total liabilities ........................... 1,965.4 406.8 743.9 (397.2) 2,718.9
Shareowners’ equity (deficit) ................ (654.6) 270.7 344.7 (615.4) (654.6)
Total liabilities and shareowners’ equity
(deficit) ............................ $1,310.8 $677.5 $1,088.6 $(1,012.6) $2,064.3
As of December 31, 2008
Parent
(Guarantor) CBT
Other
(Non-guarantors) Eliminations Total
Cash and cash equivalents .................. $ 4.5 $ 1.8 $ 0.4 $ — $ 6.7
Receivables, net .......................... 3.2 — 161.7 — 164.9
Other current assets ....................... 27.7 25.3 97.1 (0.6) 149.5
Total current assets ........................ 35.4 27.1 259.2 (0.6) 321.1
Property, plant and equipment, net ........... 0.6 594.7 449.0 — 1,044.3
Goodwill and other intangibles, net ........... — 3.0 194.8 — 197.8
Investments in and advances to subsidiaries .... 1,041.8 — — (1,041.8) —
Other noncurrent assets .................... 358.4 13.9 214.2 (63.0) 523.5
Total assets ........................... $1,436.2 $638.7 $1,117.2 $(1,105.4) $2,086.7
Current portion of long-term debt ............ $ 2.1 $ 0.7 $ 7.4 $ — $ 10.2
Accounts payable ......................... 0.1 37.8 72.9 — 110.8
Other current liabilities .................... 99.6 54.9 48.3 — 202.8
Total current liabilities ..................... 101.8 93.4 128.6 — 323.8
Long-term debt, less current portion .......... 1,598.4 235.0 117.1 — 1,950.5
Other noncurrent liabilities ................. 445.3 46.5 93.5 (63.6) 521.7
Intercompany payables .................... — 22.5 447.9 (470.4) —
Total liabilities ........................... 2,145.5 397.4 787.1 (534.0) 2,796.0
Shareowners’ equity (deficit) ................ (709.3) 241.3 330.1 (571.4) (709.3)
Total liabilities and shareowners’ equity
(deficit) ............................ $1,436.2 $638.7 $1,117.2 $(1,105.4) $2,086.7
95
Form 10-K