Cincinnati Bell 2014 Annual Report Download - page 28
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Table of Contents
Form 10-K Part II
Cincinnati Bell Inc.
(a) Results for 2013 include the revenues and expenses of CyrusOne, our former data center business, for the period January 1, 2013 through January
23, 2013. Effective January 24, 2013, the date of the CyrusOne IPO, we no longer include CyrusOne's operating results in our consolidated
financial statements. See Notes 1 and 3 to the consolidated financial statements.
(b) Results for 2010 include the acquisition of CyrusOne from the acquisition date of June 11, 2010 to the end of the year.
(c) Other operating costs and losses consist of restructuring charges, transaction-related compensation, curtailment (gains) loss, (gain) loss on
disposal of assets - net, amortization of deferred gains, impairment of goodwill and other assets, and transaction costs.
(d) We account for our investment in CyrusOne using the equity method as we no longer control its operations. These losses from CyrusOne represent
our equity method share of CyrusOne's losses.
(e) In 2014, we recorded a gain resulting from the sale of 16.0 million partnership units of CyrusOne LP to CyrusOne, Inc.
(f) Total long-term obligations comprise long-term debt less current portion, pension and postretirement benefit obligations, and other noncurrent
liabilities. See Notes 7, 8, 10 and 11 to the consolidated financial statements for discussions related to 2014 and 2013.
(g) In 2014, cash from investing activities included $355.9 million of proceeds from the sale of 16.0 million partnership units of CyrusOne LP to
CyrusOne Inc. and $194.4 million proceeds from the sale of Wireless spectrum licenses.
(h) Cash used in financing activities for 2014 includes the repayment of $325.0 million 8 3/4% Senior Subordinated Note due 2020 and repayment of
$22.7 million 8 3/8% Senior Notes due 2018.
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