Cincinnati Bell 2014 Annual Report Download - page 121
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Table of Contents
Form 10-K Part II
Cincinnati Bell Inc.
Cash flows (used in) provided by operating activities $ (56.3)
$ 228.7
$ 2.8
$ —
$ 175.2
Capital expenditures (0.2)
(152.5)
(29.6)
—
(182.3)
Proceeds received from sale of CyrusOne —
—
355.9
—
355.9
Dividends received from CyrusOne —
—
28.4
—
28.4
Proceeds from sale of assets —
0.3
196.1
—
196.4
Distributions received from subsidiaries 12.8
—
—
(12.8)
—
Funding between Parent and subsidiaries, net —
(73.4)
(542.6)
616.0
—
Other investing activities (0.3)
—
(5.5)
—
(5.8)
Cash flows provided by (used in) investing activities 12.3
(225.6)
2.7
603.2
392.6
Funding between Parent and subsidiaries, net 516.2
—
99.8
(616.0)
—
Distributions paid to Parent —
—
(12.8)
12.8
—
Debt issuance costs (0.7)
—
(0.2)
—
(0.9)
Net decrease in corporate credit and receivables facilities with
initial maturities less than 90 days (40.0)
—
(87.0)
—
(127.0)
Repayment of debt (367.3)
(3.9)
(5.3)
—
(376.5)
Proceeds from exercise of options and warrants 1.3
—
—
—
1.3
Other financing activities (11.4)
—
—
—
(11.4)
Cash flows provided by (used in) financing activities 98.1
(3.9)
(5.5)
(603.2)
(514.5)
Increase (decrease) in cash and cash equivalents 54.1
(0.8)
—
—
53.3
Beginning cash and cash equivalents 2.1
1.8
0.7
—
4.6
Ending cash and cash equivalents $ 56.2
$ 1.0
$ 0.7
$ —
$ 57.9
Cash flows (used in) provided by operating activities $ (218.1)
$ 239.0
$ 57.9
$ —
$ 78.8
Capital expenditures —
(153.1)
(43.8)
—
(196.9)
Dividends received from CyrusOne —
—
21.3
—
21.3
Proceeds from sale of assets —
2.0
—
—
2.0
Cash divested from deconsolidation of CyrusOne —
—
(12.2)
—
(12.2)
Other investing activities —
—
0.4
—
0.4
Cash flows used in investing activities —
(151.1)
(34.3)
—
(185.4)
Issuance of long-term debt 536.0
—
—
—
536.0
Funding between Parent and subsidiaries, net 174.2
(84.3)
(89.9)
—
—
Debt issuance costs (6.7)
—
—
—
(6.7)
Net increase in corporate credit and receivables facilities with
initial maturities less than 90 days 40.0
—
54.2
—
94.2
Repayment of debt (522.0)
(3.7)
(5.1)
—
(530.8)
Proceeds from exercise of options and warrants 7.1
—
—
—
7.1
Other financing activities (12.2)
—
—
—
(12.2)
Cash flows provided by (used in) financing activities 216.4
(88.0)
(40.8)
—
87.6
Decrease in cash and cash equivalents (1.7)
(0.1)
(17.2)
—
(19.0)
Beginning cash and cash equivalents 3.8
1.9
17.9
—
23.6
Ending cash and cash equivalents $ 2.1
$ 1.8
$ 0.7
$ —
$ 4.6
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