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Supplemental Guarantor Information (Tables)
 3 Months Ended 9 Months Ended
Mar. 31, 2012
Sep. 30, 2010
Supplemental Guarantor Information Abstract    
Supplemental Guarantor Information [Table Text Block]
The following information sets forth the Condensed Consolidating Statements of Operations and Comprehensive Income for the three months ended March 31, 2012 and 2011, Condensed Consolidating Statements of Cash Flows for the three months ended March 31, 2012 and 2011, and the Condensed Consolidating Balance Sheets as of March 31, 2012 and December 31, 2011, of (1) the Parent Company, as the issuer, (2) the guarantor subsidiaries on a combined basis, and (3) the non-guarantor subsidiaries on a combined basis. The condensed consolidating financial statements shown below have been retroactively restated to reflect the merger of Cincinnati Bell Complete Protection Inc. into Cincinnati Bell Inc. (the Parent and issuer) for all periods.

Condensed Consolidating Statements of Operations and Comprehensive Income
 
Three Months Ended March 31, 2012
(dollars in millions)
Parent
(Issuer)
 
Guarantors
 
Non-guarantors
 
Eliminations
 
Total
Revenue
$
—

 
$
228.0

 
$
150.4

 
$
(15.6
)
 
$
362.8

Operating costs and expenses
7.1

 
194.5

 
95.8

 
(15.6
)
 
281.8

Operating income (loss)
(7.1
)
 
33.5

 
54.6

 
—

 
81.0

Interest expense, net
40.6

 
10.7

 
3.1

 
—

 
54.4

Other expense (income), net
(0.4
)
 
5.3

 
(3.4
)
 
—

 
1.5

Income (loss) before equity in earnings of subsidiaries and income taxes
(47.3
)
 
17.5

 
54.9

 
—

 
25.1

Income tax expense (benefit)
(14.1
)
 
5.9

 
20.7

 
—

 
12.5

Equity in earnings of subsidiaries, net of tax
45.8

 
—

 
—

 
(45.8
)
 
—

Net income
12.6

 
11.6

 
34.2

 
(45.8
)
 
12.6

Other comprehensive income
1.4

 
—

 
—

 
—

 
1.4

Total comprehensive income
$
14.0

 
$
11.6

 
$
34.2

 
$
(45.8
)
 
$
14.0

 
 
 
 
 
 
 
 
 
 
Net income
12.6

 
11.6

 
34.2

 
(45.8
)
 
12.6

Preferred stock dividends
2.6

 
—

 
—

 
—

 
2.6

Net income applicable to common shareowners
$
10.0

 
$
11.6

 
$
34.2

 
$
(45.8
)
 
$
10.0

 
 
 
 
 
 
 
 
 
 
 
Three Months Ended March 31, 2011
 
Parent
(Issuer)
 
Guarantors
 
Non-guarantors
 
Eliminations
 
Total
Revenue
$
1.5

 
$
224.4

 
$
148.9

 
$
(14.0
)
 
$
360.8

Operating costs and expenses
7.1

 
188.6

 
92.7

 
(14.0
)
 
274.4

Operating income (loss)
(5.6
)
 
35.8

 
56.2

 
—

 
86.4

Interest expense, net
37.0

 
13.6

 
3.9

 
—

 
54.5

Other expense (income), net
(0.4
)
 
2.5

 
(2.1
)
 
—

 
—

Income (loss) before equity in earnings of subsidiaries and income taxes
(42.2
)
 
19.7

 
54.4

 
—

 
31.9

Income tax expense (benefit)
(13.2
)
 
6.9

 
20.3

 
—

 
14.0

Equity in earnings of subsidiaries, net of tax
46.9

 
—

 
—

 
(46.9
)
 
—

Net income
17.9

 
12.8

 
34.1

 
(46.9
)
 
17.9

Other comprehensive income
1.2

 
—

 
—

 
—

 
1.2

Total comprehensive income
$
19.1

 
$
12.8

 
$
34.1

 
$
(46.9
)
 
$
19.1

 
 
 
 
 
 
 
 
 
 
Net income
17.9

 
12.8

 
34.1

 
(46.9
)
 
17.9

Preferred stock dividends
2.6

 
—

 
—

 
—

 
2.6

Net income applicable to common shareowners
$
15.3

 
$
12.8

 
$
34.1

 
$
(46.9
)
 
$
15.3

Condensed Consolidating Balance Sheets
 
 
 
 
 
 
 
 
 
 
As of March 31, 2012
(dollars in millions)
Parent
(Issuer)
 
Guarantors
 
Non-guarantors
 
Eliminations
 
Total
Cash and cash equivalents
$
1.8

 
$
1.1

 
$
4.0

 
$
—

 
$
6.9

Receivables, net
1.2

 
2.0

 
172.8

 
—

 
176.0

Other current assets
5.7

 
29.0

 
40.2

 
(0.4
)
 
74.5

Total current assets
8.7

 
32.1

 
217.0

 
(0.4
)
 
257.4

Property, plant and equipment, net
0.1

 
772.6

 
653.6

 
—

 
1,426.3

Goodwill and intangibles, net
—

 
500.7

 
2.4

 
—

 
503.1

Investments in and advances to subsidiaries
1,833.9

 
4.6

 
266.5

 
(2,105.0
)
 
—

Other noncurrent assets
389.7

 
235.7

 
6.2

 
(160.5
)
 
471.1

Total assets
$
2,232.4

 
$
1,545.7

 
$
1,145.7

 
$
(2,265.9
)
 
$
2,657.9

 
 
 
 
 
 
 
 
 
 
Current portion of long-term debt
$
—

 
$
9.4

 
$
3.5

 
$
—

 
$
12.9

Accounts payable
0.4

 
54.1

 
34.4

 
—

 
88.9

Other current liabilities
98.0

 
51.6

 
48.1

 
0.5

 
198.2

Total current liabilities
98.4

 
115.1

 
86.0

 
0.5

 
300.0

Long-term debt, less current portion
2,182.2

 
112.1

 
224.0

 
—

 
2,518.3

Other noncurrent liabilities
394.8

 
159.7

 
147.8

 
(161.4
)
 
540.9

Intercompany payables
258.3

 
553.3

 
120.7

 
(932.3
)
 
—

Total liabilities
2,933.7

 
940.2

 
578.5

 
(1,093.2
)
 
3,359.2

Shareowners’ equity (deficit)
(701.3
)
 
605.5

 
567.2

 
(1,172.7
)
 
(701.3
)
Total liabilities and shareowners’ equity (deficit)
$
2,232.4

 
$
1,545.7

 
$
1,145.7

 
$
(2,265.9
)
 
$
2,657.9

 
 
 
 
 
 
 
 
 
 
 
As of December 31, 2011
 
Parent
(Issuer)
 
Guarantors
 
Non-guarantors
 
Eliminations
 
Total
Cash and cash equivalents
$
69.6

 
$
1.1

 
$
3.0

 
$
—

 
$
73.7

Receivables, net
2.0

 
1.9

 
175.5

 
—

 
179.4

Other current assets
5.8

 
27.6

 
35.9

 
(1.4
)
 
67.9

Total current assets
77.4

 
30.6

 
214.4

 
(1.4
)
 
321.0

Property, plant and equipment, net
0.1

 
731.4

 
669.0

 
—

 
1,400.5

Goodwill and intangibles, net
—

 
505.1

 
2.4

 
—

 
507.5

Investments in and advances to subsidiaries
1,731.4

 
1.2

 
202.5

 
(1,935.1
)
 
—

Other noncurrent assets
387.9

 
235.2

 
6.4

 
(143.8
)
 
485.7

Total assets
$
2,196.8

 
$
1,503.5

 
$
1,094.7

 
$
(2,080.3
)
 
$
2,714.7

 
 
 
 
 
 
 
 
 
 
Current portion of long-term debt
$
—

 
$
9.9

 
$
3.1

 
$
—

 
$
13.0

Accounts payable
1.0

 
109.6

 
22.8

 
—

 
133.4

Other current liabilities
93.2

 
63.7

 
53.1

 
—

 
210.0

Total current liabilities
94.2

 
183.2

 
79.0

 
—

 
356.4

Long-term debt, less current portion
2,182.0

 
113.7

 
224.9

 
—

 
2,520.6

Other noncurrent liabilities
404.3

 
155.1

 
138.7

 
(145.2
)
 
552.9

Intercompany payables
231.5

 
457.4

 
123.0

 
(811.9
)
 
—

Total liabilities
2,912.0

 
909.4

 
565.6

 
(957.1
)
 
3,429.9

Shareowners’ equity (deficit)
(715.2
)
 
594.1

 
529.1

 
(1,123.2
)
 
(715.2
)
Total liabilities and shareowners’ equity (deficit)
$
2,196.8

 
$
1,503.5

 
$
1,094.7

 
$
(2,080.3
)
 
$
2,714.7

 
Condensed Consolidating Statements of Cash Flows
 
Three Months Ended March 31, 2012
(dollars in millions)
Parent
(Issuer)
 
Guarantors
 
Non-guarantors
 
Eliminations
 
Total
Cash flows provided by (used in) operating activities
$
(36.5
)
 
$
(14.4
)
 
$
74.5

 
$
—

 
$
23.6

Capital expenditures
—

 
(62.3
)
 
(22.3
)
 
—

 
(84.6
)
Cash flows used in investing activities
—

 
(62.3
)
 
(22.3
)
 
—

 
(84.6
)
Funding between Parent and subsidiaries, net
(29.6
)
 
80.0

 
(50.4
)
 
—

 
—

Repayment of debt
—

 
(3.2
)
 
(0.8
)
 
—

 
(4.0
)
Common stock repurchase
(0.3
)
 
— 

 
—

 
—

 
(0.3
)
Other financing activities
(1.4
)
 
(0.1
)
 
—

 
—

 
(1.5
)
Cash flows provided by (used in) financing activities
(31.3
)
 
76.7

 
(51.2
)
 
—

 
(5.8
)
Increase (decrease) in cash and cash equivalents
(67.8
)
 
—

 
1.0

 
—

 
(66.8
)
Beginning cash and cash equivalents
69.6

 
1.1

 
3.0

 
—

 
73.7

Ending cash and cash equivalents
$
1.8

 
$
1.1

 
$
4.0

 
$
—

 
$
6.9

 
 
 
 
 
 
 
 
 
 
 
Three Months Ended March 31, 2011
  
Parent
(Issuer)
 
Guarantors
 
Non-guarantors
 
Eliminations
 
Total
Cash flows provided by (used in) operating activities
$
(34.2
)
 
$
19.7

 
$
79.5

 
$
—

 
$
65.0

Capital expenditures
—

 
(28.7
)
 
(23.7
)
 
—

 
(52.4
)
Other investing activities
—

 
—

 
0.1

 
—

 
0.1

Cash flows used in investing activities
—

 
(28.7
)
 
(23.6
)
 
—

 
(52.3
)
Funding between Parent and subsidiaries, net
45.7

 
10.2

 
(55.9
)
 
—

 
—

Repayment of debt
—

 
(2.5
)
 
(0.5
)
 
—

 
(3.0
)
Other financing activities
(3.0
)
 
—

 
—

 
—

 
(3.0
)
Cash flows provided by (used in) financing activities
42.7

 
7.7

 
(56.4
)
 
—

 
(6.0
)
Increase (decrease) in cash and cash equivalents
8.5

 
(1.3
)
 
(0.5
)
 
—

 
6.7

Beginning cash and cash equivalents
69.8

 
5.7

 
1.8

 
—

 
77.3

Ending cash and cash equivalents
$
78.3

 
$
4.4

 
$
1.3

 
$
—

 
$
84.0
The following information sets forth the Condensed Consolidating Statements of Operations and Comprehensive Income for the three months ended March 31, 2012 and 2011, Condensed Consolidating Balance Sheets as of March 31, 2012 and December 31, 2011, and Condensed Consolidating Statements of Cash Flows for the three months ended March 31, 2012 and 2011, of (1) the Parent Company, as the guarantor, (2) CBT, as the issuer, and (3) the non-guarantor subsidiaries on a combined basis. The condensed consolidating financial statements shown below have been retroactively restated to reflect the merger of Cincinnati Bell Complete Protection Inc. into Cincinnati Bell Inc. (the Parent and guarantor) for all periods.  
Condensed Consolidating Statements of Operations and Comprehensive Income
  
Three Months Ended March 31, 2012
(dollars in millions)
Parent
(Guarantor)
 
CBT
(Issuer)
 
Other
Non-guarantors
 
Eliminations
 
Total
Revenue
$
—

 
$
159.9

 
$
218.5

 
$
(15.6
)
 
$
362.8

Operating costs and expenses
7.1

 
104.4

 
185.9

 
(15.6
)
 
281.8

Operating income (loss)
(7.1
)
 
55.5

 
32.6

 
—

 
81.0

Interest expense (income), net
40.6

 
(0.1
)
 
13.9

 
—

 
54.4

Other expense (income), net
(0.4
)
 
1.1

 
0.8

 
—

 
1.5

Income (loss) before equity in earnings of subsidiaries and income taxes
(47.3
)
 
54.5

 
17.9

 
—

 
25.1

Income tax expense (benefit)
(14.1
)
 
19.8

 
6.8

 
—

 
12.5

Equity in earnings of subsidiaries, net of tax
45.8

 
—

 
—

 
(45.8
)
 
—

Net income
12.6

 
34.7

 
11.1

 
(45.8
)
 
12.6

Other comprehensive income
1.4

 
—

 
—

 
—

 
1.4

Total comprehensive income
$
14.0

 
$
34.7

 
$
11.1

 
$
(45.8
)
 
$
14.0

 
 
 
 
 
 
 
 
 
 
Net income
12.6

 
34.7

 
11.1

 
(45.8
)
 
12.6

Preferred stock dividends
2.6

 
—

 
—

 
—

 
2.6

Net income applicable to common shareowners
$
10.0

 
$
34.7

 
$
11.1

 
$
(45.8
)
 
$
10.0

 
 
 
 
 
 
 
 
 
 
 
Three Months Ended March 31, 2011
 
Parent
(Guarantor)
 
CBT
(Issuer)
 
Other
Non-guarantors
 
Eliminations
 
Total
Revenue
$
1.5

 
$
163.8

 
$
209.5

 
$
(14.0
)
 
$
360.8

Operating costs and expenses
7.1

 
104.7

 
176.6

 
(14.0
)
 
274.4

Operating income (loss)
(5.6
)
 
59.1

 
32.9

 
—

 
86.4

Interest expense, net
37.0

 
1.7

 
15.8

 
—

 
54.5

Other expense (income), net
(0.4
)
 
2.1

 
(1.7
)
 
—

 
—

Income (loss) before equity in earnings of subsidiaries and income taxes
(42.2
)
 
55.3

 
18.8

 
—

 
31.9

Income tax expense (benefit)
(13.2
)
 
20.9

 
6.3

 
—

 
14.0

Equity in earnings of subsidiaries, net of tax
46.9

 
—

 
—

 
(46.9
)
 
—

Net income
17.9

 
34.4

 
12.5

 
(46.9
)
 
17.9

Other comprehensive income
1.2

 
—

 
—

 
—

 
1.2

Total comprehensive income
$
19.1

 
$
34.4

 
$
12.5

 
$
(46.9
)
 
$
19.1

 
 
 
 
 
 
 
 
 
 
Net income
17.9

 
34.4

 
12.5

 
(46.9
)
 
17.9

Preferred stock dividends
2.6

 
—

 
—

 
—

 
2.6

Net income applicable to common shareowners
$
15.3

 
$
34.4

 
$
12.5

 
$
(46.9
)
 
$
15.3



Condensed Consolidating Balance Sheets
 
 
 
 
 
 
 
 
 
  
As of March 31, 2012
(dollars in millions)
Parent
(Guarantor)
 
CBT
(Issuer)
 
Other
Non-guarantors
 
Eliminations
 
Total
Cash and cash equivalents
$
1.8

 
$
1.2

 
$
3.9

 
$
—

 
$
6.9

Receivables, net
1.2

 
—

 
174.8

 
—

 
176.0

Other current assets
5.7

 
35.5

 
33.7

 
(0.4
)
 
74.5

Total current assets
8.7

 
36.7

 
212.4

 
(0.4
)
 
257.4

Property, plant and equipment, net
0.1

 
627.6

 
798.6

 
—

 
1,426.3

Goodwill and intangibles, net
—

 
2.4

 
500.7

 
—

 
503.1

Investments in and advances to subsidiaries
1,833.9

 
274.3

 
—

 
(2,108.2
)
 
—

Other noncurrent assets
389.7

 
7.4

 
234.5

 
(160.5
)
 
471.1

Total assets
$
2,232.4

 
$
948.4

 
$
1,746.2

 
$
(2,269.1
)
 
$
2,657.9

 
 
 
 
 
 
 
 
 
 
Current portion of long-term debt
$
—

 
$
3.0

 
$
9.9

 
$
—

 
$
12.9

Accounts payable
0.4

 
41.6

 
46.9

 
—

 
88.9

Other current liabilities
98.0

 
50.1

 
49.6

 
0.5

 
198.2

Total current liabilities
98.4

 
94.7

 
106.4

 
0.5

 
300.0

Long-term debt, less current portion
2,182.2

 
215.6

 
120.5

 
—

 
2,518.3

Other noncurrent liabilities
394.8

 
131.6

 
175.9

 
(161.4
)
 
540.9

Intercompany payables
258.3

 
—

 
662.5

 
(920.8
)
 
—

Total liabilities
2,933.7

 
441.9

 
1,065.3

 
(1,081.7
)
 
3,359.2

Shareowners’ equity (deficit)
(701.3
)
 
506.5

 
680.9

 
(1,187.4
)
 
(701.3
)
Total liabilities and shareowners’ equity (deficit)
$
2,232.4

 
$
948.4

 
$
1,746.2

 
$
(2,269.1
)
 
$
2,657.9

 
 
 
 
 
 
 
 
 
 
 
As of December 31, 2011
 
Parent
(Guarantor)
 
CBT
(Issuer)
 
Other
Non-guarantors
 
Eliminations
 
Total
Cash and cash equivalents
$
69.6

 
$
1.4

 
$
2.7

 
$
—

 
$
73.7

Receivables, net
2.0

 
—

 
177.4

 
—

 
179.4

Other current assets
5.8

 
31.8

 
31.7

 
(1.4
)
 
67.9

Total current assets
77.4

 
33.2

 
211.8

 
(1.4
)
 
321.0

Property, plant and equipment, net
0.1

 
642.5

 
757.9

 
—

 
1,400.5

Goodwill and intangibles, net
—

 
2.4

 
505.1

 
—

 
507.5

Investments in and advances to subsidiaries
1,731.4

 
237.3

 
—

 
(1,968.7
)
 
—

Other noncurrent assets
387.9

 
7.6

 
234.0

 
(143.8
)
 
485.7

Total assets
$
2,196.8

 
$
923.0

 
$
1,708.8

 
$
(2,113.9
)
 
$
2,714.7

 
 
 
 
 
 
 
 
 
 
Current portion of long-term debt
$
—

 
$
3.1

 
$
9.9

 
$
—

 
$
13.0

Accounts payable
1.0

 
53.7

 
78.7

 
—

 
133.4

Other current liabilities
93.2

 
55.3

 
61.5

 
—

 
210.0

Total current liabilities
94.2

 
112.1

 
150.1

 
—

 
356.4

Long-term debt, less current portion
2,182.0

 
216.3

 
122.3

 
—

 
2,520.6

Other noncurrent liabilities
404.3

 
122.8

 
171.0

 
(145.2
)
 
552.9

Intercompany payables
231.5

 
—

 
595.8

 
(827.3
)
 
—

Total liabilities
2,912.0

 
451.2

 
1,039.2

 
(972.5
)
 
3,429.9

Shareowners’ equity (deficit)
(715.2
)
 
471.8

 
669.6

 
(1,141.4
)
 
(715.2
)
Total liabilities and shareowners’ equity (deficit)
$
2,196.8

 
$
923.0

 
$
1,708.8

 
$
(2,113.9
)
 
$
2,714.7





Condensed Consolidating Statements of Cash Flows
  
Three Months Ended March 31, 2012
(dollars in millions)
Parent
(Guarantor)
 
CBT
(Issuer)
 
Other
Non-guarantors
 
Eliminations
 
Total
Cash flows provided by (used in) operating activities
$
(36.5
)
 
$
47.4

 
$
12.7

 
$
—

 
$
23.6

Capital expenditures
—

 
(22.3
)
 
(62.3
)
 
—

 
(84.6
)
Cash flows used in investing activities
—

 
(22.3
)
 
(62.3
)
 
—

 
(84.6
)
Funding between Parent and subsidiaries, net
(29.6
)
 
(24.5
)
 
54.1

 
—

 
—

Repayment of debt
—

 
(0.8
)
 
(3.2
)
 
—

 
(4.0
)
Common stock repurchase
(0.3
)
 
—

 
—

 
—

 
(0.3
)
Other financing activities
(1.4
)
 
—

 
(0.1
)
 
—

 
(1.5
)
Cash flows provided by (used in) financing activities
(31.3
)
 
(25.3
)
 
50.8

 
—

 
(5.8
)
Increase (decrease) in cash and cash equivalents
(67.8
)
 
(0.2
)
 
1.2

 
—

 
(66.8
)
Beginning cash and cash equivalents
69.6

 
1.4

 
2.7

 
—

 
73.7

Ending cash and cash equivalents
$
1.8

 
$
1.2

 
$
3.9

 
$
—

 
$
6.9

 
 
 
 
 
 
 
 
 
 
 
Three Months Ended March 31, 2011
 
Parent
(Guarantor)
 
CBT
(Issuer)
 
Other
Non-guarantors
 
Eliminations
 
Total
Cash flows provided by (used in) operating activities
$
(34.2
)
 
$
56.4

 
$
42.8

 
$
—

 
$
65.0

Capital expenditures
—

 
(23.7
)
 
(28.7
)
 
—

 
(52.4
)
Other investing activities
—

 
0.1

 
—

 
—

 
0.1

Cash flows used in investing activities
—

 
(23.6
)
 
(28.7
)
 
—

 
(52.3
)
Funding between Parent and subsidiaries, net
45.7

 
(32.8
)
 
(12.9
)
 
—

 
—

Repayment of debt
—

 
(0.5
)
 
(2.5
)
 
—

 
(3.0
)
Other financing activities
(3.0
)
 
—

 
—

 
—

 
(3.0
)
Cash flows provided by (used in) financing activities
42.7

 
(33.3
)
 
(15.4
)
 
—

 
(6.0
)
Increase (decrease) in cash and cash equivalents
8.5

 
(0.5
)
 
(1.3
)
 
—

 
6.7

Beginning cash and cash equivalents
69.8

 
1.8

 
5.7

 
—

 
77.3

Ending cash and cash equivalents
$
78.3

 
$
1.3

 
$
4.4

 
$
—

 
$
84.0