Cincinnati Bell 2012 Annual Report Download - page 141

Form 10-K Part II Cincinnati Bell Inc.
Recently Issued Accounting Standards
Refer to Note 2 of the Consolidated Financial Statements for further information on recently issued
accounting standards. The adoption of new accounting standards did not have a material impact on the
Company’s financial results for the years ended December 31, 2012, 2011 or 2010.
Private Securities Litigation Reform Act of 1995 Safe Harbor Cautionary Statement
This Form 10-K contains “forward-looking” statements, as defined in federal securities laws including the
Private Securities Litigation Reform Act of 1995, which are based on our current expectations, estimates,
forecasts and projections. Statements that are not historical facts, including statements about the beliefs,
expectations and future plans and strategies of the Company, are forward-looking statements. Actual results may
differ materially from those expressed in any forward-looking statements. The following important factors,
among other things, could cause or contribute to actual results being materially and adversely different from
those described or implied by such forward-looking statements including, but not limited to:
•the Company’s substantial debt could limit its ability to fund operations, raise additional capital, and have
a material adverse effect on its ability to fulfill its obligations and on its businesses and prospects
generally;
•the credit facilities and other indebtedness impose significant restrictions on the Company;
•the Company depends on its revolving credit and accounts receivable facilities to provide for its financing
requirements in excess of amounts generated by operations;
•the servicing of the Company’s indebtedness requires a significant amount of cash, and its ability to
generate cash depends on many factors beyond its control;
•the Company depends on the receipt of dividends or other intercompany transfers from its subsidiaries and
investments;
•the Company’s access lines, which generate a significant portion of its cash flows and profits are
decreasing in number;
•the Company’s wireless subscribers are decreasing in number;
•the Company operates in highly competitive industries, and its customers may not continue to purchase
services, which could result in reduced revenue and loss of market share;
•the Company generates a substantial portion of its revenue by serving a limited geographic area;
•the regulation of the Company’s businesses by federal and state authorities may, among other things,
place the Company at a competitive disadvantage, restrict its ability to price its products and services, and
threaten its operating licenses;
•maintaining the Company’s telecommunications networks requires significant capital expenditures, and its
inability or failure to maintain its telecommunications networks would have a material impact on its
market share and ability to generate revenue;
•maintenance of CBW’s wireless network, growth in the wireless business, or the addition of new wireless
products and services may require CBW to obtain additional spectrum and transmitting sites which may
not be available or be available only on less than favorable terms;
•failure to anticipate the need for and introduce new products and services or to compete with new
technologies may compromise the Company’s success in the telecommunications industry;
•the Company’s failure to meet performance standards under its agreements could result in customers
terminating their relationships with the Company or customers being entitled to receive financial
compensation, which could lead to reduced revenues and/or increased costs;
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Form 10-K