Cincinnati Bell 2014 Annual Report Download - page 126
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Table of Contents
Form 10-K Part II
Cincinnati Bell Inc.
Cash and cash equivalents $ 56.2
$ 0.2
$ 1.5
$ —
$ 57.9
Receivables, net 2.6
6.1
158.8
—
167.5
Other current assets 4.7
74.6
33.1
(1.2)
111.2
Total current assets 63.5
80.9
193.4
(1.2)
336.6
Property, plant and equipment, net 0.2
94.9
764.4
—
859.5
Investment in CyrusOne —
273.6
—
—
273.6
Goodwill and intangibles, net —
13.2
2.2
—
15.4
Investments in and advances to subsidiaries 1,066.1
387.8
214.6
(1,668.5)
—
Other noncurrent assets 294.2
191.6
3.8
(155.0)
334.6
Total assets $ 1,424.0
$ 1,042.0
$ 1,178.4
$ (1,824.7)
$ 1,819.7
Current portion of long-term debt $ 5.4
$ 3.9
$ 3.9
$ —
$ 13.2
Accounts payable 1.0
80.8
54.2
—
136.0
Deferred gain on sale of wireless spectrum licenses —
112.6
—
—
112.6
Other current liabilities 52.3
46.3
49.3
0.1
148.0
Total current liabilities 58.7
243.6
107.4
0.1
409.8
Long-term debt, less current portion 1,526.1
84.5
160.4
—
1,771.0
Other noncurrent liabilities 254.1
25.7
164.0
(156.4)
287.4
Intercompany payables 233.4
—
131.9
(365.3)
—
Total liabilities 2,072.3
353.8
563.7
(521.6)
2,468.2
Shareowners’ (deficit) equity (648.3)
688.2
614.7
(1,303.1)
(648.5)
Total liabilities and shareowners’ equity (deficit) $ 1,424.0
$ 1,042.0
$ 1,178.4
$ (1,824.7)
$ 1,819.7
Cash and cash equivalents $ 2.1
$ 0.3
$ 2.2
$ —
$ 4.6
Receivables, net 2.6
7.2
145.0
—
154.8
Other current assets 4.4
60.7
27.3
(0.7)
91.7
Total current assets 9.1
68.2
174.5
(0.7)
251.1
Property, plant and equipment, net 0.1
194.1
708.6
—
902.8
Investment in CyrusOne —
471.0
—
—
471.0
Goodwill and intangibles, net —
103.8
2.3
—
106.1
Investments in and advances to subsidiaries 1,406.6
(1.6)
218.2
(1,623.2)
—
Other noncurrent assets 359.1
179.9
5.1
(167.8)
376.3
Total assets $ 1,774.9
$ 1,015.4
$ 1,108.7
$ (1,791.7)
$ 2,107.3
Current portion of long-term debt $ 5.4
$ 3.0
$ 4.2
$ —
$ 12.6
Accounts payable 1.5
72.3
16.1
—
89.9
Other current liabilities 67.7
36.9
47.1
0.1
151.8
Total current liabilities 74.6
112.2
67.4
0.1
254.3
Long-term debt, less current portion 1,916.1
87.0
249.5
—
2,252.6
Other noncurrent liabilities 214.5
61.3
169.9
(168.6)
277.1
Intercompany payables 246.4
149.9
33.2
(429.5)
—
Total liabilities 2,451.6
410.4
520.0
(598.0)
2,784.0
Shareowners’ (deficit) equity (676.7)
605.0
588.7
(1,193.7)
(676.7)
Total liabilities and shareowners’ equity (deficit) $ 1,774.9
$ 1,015.4
$ 1,108.7
$ (1,791.7)
$ 2,107.3
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