Cincinnati Bell 2012 Annual Report Download - page 195

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Form 10-K Part II Cincinnati Bell Inc.
Year Ended December 31, 2011
(dollars in millions)
Parent
(Guarantor)
CBT
(Issuer)
Other
Non-guarantors Eliminations Total
Cash flows provided by (used in) operating
activities ............................... $(139.6) $ 264.7 $ 164.8 $ — $ 289.9
Capital expenditures ........................ — (106.3) (149.2) — (255.5)
Proceeds from sale of assets .................. 11.5 — — — 11.5
Other investing activities .................... (0.7) — — — (0.7)
Cash flows provided by (used in) investing
activities ............................... 10.8 (106.3) (149.2) — (244.7)
Funding between Parent and subsidiaries, net .... 150.3 (156.5) 6.2 — —
Increase in receivables facility, net ............ — — 0.4 — 0.4
Repayment of debt ......................... — (2.3) (9.2) — (11.5)
Common stock repurchase ................... (10.4) — — — (10.4)
Other financing activities .................... (11.3) — (16.0) — (27.3)
Cash flows provided by (used in) financing
activities ............................... 128.6 (158.8) (18.6) — (48.8)
Decrease in cash and cash equivalents ........ (0.2) (0.4) (3.0) — (3.6)
Beginning cash and cash equivalents ......... 69.8 1.8 5.7 — 77.3
Ending cash and cash equivalents ........... $ 69.6 $ 1.4 $ 2.7 $ — $ 73.7
Year Ended December 31, 2010
(dollars in millions)
Parent
(Guarantor)
CBT
(Issuer)
Other
Non-guarantors Eliminations Total
Cash flows provided by (used in) operating
activities .............................. $ (54.6) $ 224.9 $ 129.7 $ — $ 300.0
Capital expenditures ...................... — (88.7) (61.0) — (149.7)
Acquisition of businesses .................. — — (526.7) — (526.7)
Other investing activities ................... — 0.3 0.6 — 0.9
Cash flows used in investing activities ........ — (88.4) (587.1) — (675.5)
Funding between Parent and subsidiaries, net . . . (423.8) (137.0) 560.8 — —
Proceeds from issuance of long-term debt, net of
financing costs ......................... 2,090.1 1.6 — — 2,091.7
Decrease in receivables facility, net .......... — — (85.9) — (85.9)
Repayment of debt ........................ (1,540.5) (1.4) (12.6) — (1,554.5)
Common stock repurchase ................. (10.0) — — — (10.0)
Other financing activities .................. (11.5) — — — (11.5)
Cash flows provided by (used in) financing
activities .............................. 104.3 (136.8) 462.3 — 429.8
Increase (decrease) in cash and cash
equivalents .......................... 49.7 (0.3) 4.9 — 54.3
Beginning cash and cash equivalents ....... 20.1 2.1 0.8 — 23.0
Ending cash and cash equivalents .......... $ 69.8 $ 1.8 $ 5.7 $ — $ 77.3
121
Form 10-K