Cincinnati Bell 2012 Annual Report Download - page 199
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Form 10-K Part II Cincinnati Bell Inc.
As of December 31, 2011
(dollars in millions)
Parent
(Issuer) Guarantors Non-guarantors Eliminations Total
Cash and cash equivalents .................. $ 69.6 $ 0.7 $ 3.4 $ — $ 73.7
Receivables, net .......................... 2.0 1.2 176.2 — 179.4
Other current assets ....................... 5.8 22.7 40.8 (1.4) 67.9
Total current assets ...................... 77.4 24.6 220.4 (1.4) 321.0
Property, plant and equipment, net ........... 0.1 226.6 1,173.8 — 1,400.5
Goodwill and intangibles, net ............... — 108.8 398.7 — 507.5
Investments in and advances to subsidiaries .... 1,731.4 348.2 202.5 (2,282.1) —
Other noncurrent assets .................... 387.9 218.7 22.9 (143.8) 485.7
Total assets ............................ $2,196.8 $926.9 $2,018.3 $(2,427.3) $2,714.7
Current portion of long-term debt ............ $ — $ 2.4 $ 10.6 $ — $ 13.0
Accounts payable ......................... 1.0 93.2 39.2 — 133.4
Other current liabilities .................... 93.2 45.5 71.3 — 210.0
Total current liabilities ................... 94.2 141.1 121.1 — 356.4
Long-term debt, less current portion .......... 2,182.0 86.9 251.7 — 2,520.6
Other noncurrent liabilities ................. 404.3 66.7 227.1 (145.2) 552.9
Intercompany payables .................... 231.5 38.8 580.5 (850.8) —
Total liabilities ......................... 2,912.0 333.5 1,180.4 (996.0) 3,429.9
Shareowners’ equity (deficit) ................ (715.2) 593.4 837.9 (1,431.3) (715.2)
Total liabilities and shareowners’ equity
(deficit) ............................. $2,196.8 $926.9 $2,018.3 $(2,427.3) $2,714.7
Condensed Consolidating Statements of Cash Flows
Year Ended December 31, 2012
(dollars in millions)
Parent
(Issuer) Guarantors Non-guarantors Eliminations Total
Cash flows provided by (used in) operating
activities ................................. $(144.8) $ 51.3 $ 306.2 $ — $ 212.7
Capital expenditures ......................... — (30.2) (337.0) — (367.2)
Proceeds from sale of assets ................... — — 1.6 — 1.6
Other investing activities ...................... — — (6.2) — (6.2)
Cash flows used in investing activities ........... — (30.2) (341.6) — (371.8)
Issuance of long-term debt ..................... — — 525.0 — 525.0
Funding between Parent and subsidiaries, net ...... 433.6 (16.9) (416.7) — —
Increase in receivables facility, net .............. — — 52.0 — 52.0
Repayment of debt ........................... (352.0) (4.6) (85.8) — (442.4)
Debt issuance costs .......................... (3.6) — (17.3) — (20.9)
Common stock issuance costs .................. — — (5.7) — (5.7)
Common stock repurchase ..................... (0.3) — — — (0.3)
Proceeds from exercise of options and warrants .... 12.1 — — — 12.1
Other financing activities ...................... (10.8) — — — (10.8)
Cash flows provided by (used in) financing
activities ................................. 79.0 (21.5) 51.5 — 109.0
Increase (decrease) in cash and cash
equivalents ............................. (65.8) (0.4) 16.1 — (50.1)
Beginning cash and cash equivalents .......... 69.6 0.7 3.4 — 73.7
Ending cash and cash equivalents ............. $ 3.8 $ 0.3 $ 19.5 $ — $ 23.6
125
Form 10-K