Supplemental Guarantor Information (Tables)

6 Months Ended

Jun. 30, 2012

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 and six months ended June 30, 2012 and 2011, Condensed Consolidating Statements of Cash Flows for the six months ended June 30, 2012 and 2011, and the Condensed Consolidating Balance Sheets as of June 30, 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 June 30, 2012
(dollars in millions)	Parent (Issuer)			Guarantors			Non-guarantors			Eliminations			Total
Revenue	$	—		$	231.9		$	151.7		$	(15.4	)	$	368.2
Operating costs and expenses	4.0			215.6			98.8			(15.4		)	303.0
Operating income (loss)	(4.0		)	16.3			52.9			—			65.2
Interest expense, net	40.8			11.0			1.9			—			53.7
Other expense (income), net	(0.3		)	2.5			(2.2		)	—			—
Income (loss) before equity in earnings of subsidiaries and income taxes	(44.5		)	2.8			53.2			—			11.5
Income tax expense (benefit)	(15.7		)	3.1			19.6			—			7.0
Equity in earnings of subsidiaries, net of tax	33.3			—			—			(33.3		)	—
Net income (loss)	4.5			(0.3		)	33.6			(33.3		)	4.5
Other comprehensive income	2.7			—			—			—			2.7
Total comprehensive income (loss)	$	7.2		$	(0.3	)	$	33.6		$	(33.3	)	$	7.2
Net income (loss)	4.5			(0.3		)	33.6			(33.3		)	4.5
Preferred stock dividends	2.6			—			—			—			2.6
Net income (loss) applicable to common shareowners	$	1.9		$	(0.3	)	$	33.6		$	(33.3	)	$	1.9
	Three Months Ended June 30, 2011
	Parent (Issuer)			Guarantors			Non-guarantors			Eliminations			Total
Revenue	$	1.4		$	228.7		$	151.8		$	(14.4	)	$	367.5
Operating costs and expenses	8.0			199.0			97.3			(14.4		)	289.9
Operating income (loss)	(6.6		)	29.7			54.5			—			77.6
Interest expense, net	37.0			13.4			3.0			—			53.4
Other expense (income), net	(0.5		)	2.8			(2.3		)	—			—
Income (loss) before equity in earnings of subsidiaries and income taxes	(43.1		)	13.5			53.8			—			24.2
Income tax expense (benefit)	(15.4		)	5.3			20.8			—			10.7
Equity in earnings of subsidiaries, net of tax	41.2			—			—			(41.2		)	—
Net income	13.5			8.2			33.0			(41.2		)	13.5
Other comprehensive income	5.4			—			—			—			5.4
Total comprehensive income	$	18.9		$	8.2		$	33.0		$	(41.2	)	$	18.9
Net income	13.5			8.2			33.0			(41.2		)	13.5
Preferred stock dividends	2.6			—			—			—			2.6
Net income applicable to common shareowners	$	10.9		$	8.2		$	33.0		$	(41.2	)	$	10.9

Condensed Consolidating Statements of Operations and Comprehensive Income
	Six Months Ended June 30, 2012
(dollars in millions)	Parent (Issuer)			Guarantors		Non-guarantors			Eliminations			Total
Revenue	$	—		$	459.9	$	302.1		$	(31.0	)	$	731.0
Operating costs and expenses	11.1			410.1		194.6			(31.0		)	584.8
Operating income (loss)	(11.1		)	49.8		107.5			—			146.2
Interest expense, net	81.4			21.7		5.0			—			108.1
Other expense (income), net	(0.7		)	7.8		(5.6		)	—			1.5
Income (loss) before equity in earnings of subsidiaries and income taxes	(91.8		)	20.3		108.1			—			36.6
Income tax expense (benefit)	(29.8		)	9.0		40.3			—			19.5
Equity in earnings of subsidiaries, net of tax	79.1			—		—			(79.1		)	—
Net income	17.1			11.3		67.8			(79.1		)	17.1
Other comprehensive income	4.1			—		—			—			4.1
Total comprehensive income	$	21.2		$	11.3	$	67.8		$	(79.1	)	$	21.2
Net income	17.1			11.3		67.8			(79.1		)	17.1
Preferred stock dividends	5.2			—		—			—			5.2
Net income applicable to common shareowners	$	11.9		$	11.3	$	67.8		$	(79.1	)	$	11.9
	Six Months Ended June 30, 2011
	Parent (Issuer)			Guarantors		Non-guarantors			Eliminations			Total
Revenue	$	2.9		$	453.1	$	300.7		$	(28.4	)	$	728.3
Operating costs and expenses	15.1			387.6		190.0			(28.4		)	564.3
Operating income (loss)	(12.2		)	65.5		110.7			—			164.0
Interest expense, net	74.0			27.0		6.9			—			107.9
Other expense (income), net	(0.9		)	5.3		(4.4		)	—			—
Income (loss) before equity in earnings of subsidiaries and income taxes	(85.3		)	33.2		108.2			—			56.1
Income tax expense (benefit)	(28.6		)	12.2		41.1			—			24.7
Equity in earnings of subsidiaries, net of tax	88.1			—		—			(88.1		)	—
Net income	31.4			21.0		67.1			(88.1		)	31.4
Other comprehensive income	6.6			—		—			—			6.6
Total comprehensive income	$	38.0		$	21.0	$	67.1		$	(88.1	)	$	38.0
Net income	31.4			21.0		67.1			(88.1		)	31.4
Preferred stock dividends	5.2			—		—			—			5.2
Net income applicable to common shareowners	$	26.2		$	21.0	$	67.1		$	(88.1	)	$	26.2

Condensed Consolidating Balance Sheets
	As of June 30, 2012
(dollars in millions)	Parent (Issuer)			Guarantors		Non-guarantors		Eliminations			Total
Cash and cash equivalents	$	0.4		$	1.7	$	2.0	$	—		$	4.1
Receivables, net	1.2			0.9		192.7		—			194.8
Other current assets	9.3			28.2		42.6		(0.4		)	79.7
Total current assets	10.9			30.8		237.3		(0.4		)	278.6
Property, plant and equipment, net	0.1			815.7		655.7		—			1,471.5
Goodwill and intangibles, net	—			491.6		2.4		—			494.0
Investments in and advances to subsidiaries	1,864.2			4.6		286.1		(2,154.9		)	—
Other noncurrent assets	382.9			230.3		5.9		(160.5		)	458.6
Total assets	$	2,258.1		$	1,573.0	$	1,187.4	$	(2,315.8	)	$	2,702.7
Current portion of long-term debt	$	—		$	10.1	$	3.4	$	—		$	13.5
Accounts payable	0.2			80.7		38.8		—			119.7
Other current liabilities	91.9			58.8		48.7		(1.2		)	198.2
Total current liabilities	92.1			149.6		90.9		(1.2		)	331.4
Long-term debt, less current portion	2,182.4			113.8		242.5		—			2,538.7
Other noncurrent liabilities	383.9			153.5		151.0		(159.6		)	528.8
Intercompany payables	295.9			550.8		102.3		(949.0		)	—
Total liabilities	2,954.3			967.7		586.7		(1,109.8		)	3,398.9
Shareowners’ equity (deficit)	(696.2		)	605.3		600.7		(1,206.0		)	(696.2		)
Total liabilities and shareowners’ equity (deficit)	$	2,258.1		$	1,573.0	$	1,187.4	$	(2,315.8	)	$	2,702.7
	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
	Six Months Ended June 30, 2012
(dollars in millions)	Parent (Issuer)			Guarantors			Non-guarantors			Eliminations		Total
Cash flows provided by (used in) operating activities	$	(75.0	)	$	48.9		$	118.0		$	—	$	91.9
Capital expenditures	—			(119.4		)	(48.0		)	—		(167.4		)
Cash flows used in investing activities	—			(119.4		)	(48.0		)	—		(167.4		)
Funding between Parent and subsidiaries, net	10.8			77.6			(88.4		)	—		—
Increase in receivables facility, net	—			—			19.0			—		19.0
Repayment of debt	—			(6.4		)	(1.6		)	—		(8.0		)
Common stock repurchase	(0.3		)	—			—			—		(0.3		)
Other financing activities	(4.7		)	(0.1		)	—			—		(4.8		)
Cash flows provided by (used in) financing activities	5.8			71.1			(71.0		)	—		5.9
Increase (decrease) in cash and cash equivalents	(69.2		)	0.6			(1.0		)	—		(69.6		)
Beginning cash and cash equivalents	69.6			1.1			3.0			—		73.7
Ending cash and cash equivalents	$	0.4		$	1.7		$	2.0		$	—	$	4.1
	Six Months Ended June 30, 2011
	Parent (Issuer)			Guarantors			Non-guarantors			Eliminations		Total
Cash flows provided by (used in) operating activities	$	(69.9	)	$	68.0		$	119.8		$	—	$	117.9
Capital expenditures	—			(47.4		)	(45.1		)	—		(92.5		)
Other investing activities	(0.2		)	—			—			—		(0.2		)
Cash flows used in investing activities	(0.2		)	(47.4		)	(45.1		)	—		(92.7		)
Funding between Parent and subsidiaries, net	93.1			(19.1		)	(74.0		)	—		—
Increase in receivables facility, net	—			—			0.4			—		0.4
Repayment of debt	—			(5.1		)	(1.1		)	—		(6.2		)
Other financing activities	(6.6		)	—			—			—		(6.6		)
Cash flows provided by (used in) financing activities	86.5			(24.2		)	(74.7		)	—		(12.4		)
Increase (decrease) in cash and cash equivalents	16.4			(3.6		)	—			—		12.8
Beginning cash and cash equivalents	69.8			5.7			1.8			—		77.3
Ending cash and cash equivalents	$	86.2		$	2.1		$	1.8		$	—	$	90.1

The following information sets forth the Condensed Consolidating Statements of Operations and Comprehensive Income for the three and six months ended June 30, 2012 and 2011, Condensed Consolidating Balance Sheets as of June 30, 2012 and December 31, 2011, and Condensed Consolidating Statements of Cash Flows for the six months ended June 30, 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 June 30, 2012
(dollars in millions)	Parent (Guarantor)			CBT (Issuer)			Other Non-guarantors			Eliminations			Total
Revenue	$	—		$	161.3		$	222.3		$	(15.4	)	$	368.2
Operating costs and expenses	4.0			108.4			206.0			(15.4		)	303.0
Operating income (loss)	(4.0		)	52.9			16.3			—			65.2
Interest expense (income), net	40.8			(0.1		)	13.0			—			53.7
Other expense (income), net	(0.3		)	1.2			(0.9		)	—			—
Income (loss) before equity in earnings of subsidiaries and income taxes	(44.5		)	51.8			4.2			—			11.5
Income tax expense (benefit)	(15.7		)	18.7			4.0			—			7.0
Equity in earnings of subsidiaries, net of tax	33.3			—			—			(33.3		)	—
Net income	4.5			33.1			0.2			(33.3		)	4.5
Other comprehensive income	2.7			—			—			—			2.7
Total comprehensive income	$	7.2		$	33.1		$	0.2		$	(33.3	)	$	7.2
Net income	4.5			33.1			0.2			(33.3		)	4.5
Preferred stock dividends	2.6			—			—			—			2.6
Net income applicable to common shareowners	$	1.9		$	33.1		$	0.2		$	(33.3	)	$	1.9
	Three Months Ended June 30, 2011
	Parent (Guarantor)			CBT (Issuer)			Other Non-guarantors			Eliminations			Total
Revenue	$	1.4		$	165.6		$	214.9		$	(14.4	)	$	367.5
Operating costs and expenses	8.0			110.8			185.5			(14.4		)	289.9
Operating income (loss)	(6.6		)	54.8			29.4			—			77.6
Interest expense, net	37.0			1.0			15.4			—			53.4
Other expense (income), net	(0.5		)	1.8			(1.3		)	—			—
Income (loss) before equity in earnings of subsidiaries and income taxes	(43.1		)	52.0			15.3			—			24.2
Income tax expense (benefit)	(15.4		)	19.6			6.5			—			10.7
Equity in earnings of subsidiaries, net of tax	41.2			—			—			(41.2		)	—
Net income	13.5			32.4			8.8			(41.2		)	13.5
Other comprehensive income	5.4			—			—			—			5.4
Total comprehensive income	$	18.9		$	32.4		$	8.8		$	(41.2	)	$	18.9
Net income	13.5			32.4			8.8			(41.2		)	13.5
Preferred stock dividends	2.6			—			—			—			2.6
Net income applicable to common shareowners	$	10.9		$	32.4		$	8.8		$	(41.2	)	$	10.9

Condensed Consolidating Statements of Operations and Comprehensive Income
	Six Months Ended June 30, 2012
(dollars in millions)	Parent (Guarantor)			CBT (Issuer)			Other Non-guarantors			Eliminations			Total
Revenue	$	—		$	321.2		$	440.8		$	(31.0	)	$	731.0
Operating costs and expenses	11.1			212.8			391.9			(31.0		)	584.8
Operating income (loss)	(11.1		)	108.4			48.9			—			146.2
Interest expense (income), net	81.4			(0.2		)	26.9			—			108.1
Other expense (income), net	(0.7		)	2.3			(0.1		)	—			1.5
Income (loss) before equity in earnings of subsidiaries and income taxes	(91.8		)	106.3			22.1			—			36.6
Income tax expense (benefit)	(29.8		)	38.5			10.8			—			19.5
Equity in earnings of subsidiaries, net of tax	79.1			—			—			(79.1		)	—
Net income	17.1			67.8			11.3			(79.1		)	17.1
Other comprehensive income	4.1			—			—			—			4.1
Total comprehensive income	$	21.2		$	67.8		$	11.3		$	(79.1	)	$	21.2
Net income	17.1			67.8			11.3			(79.1		)	17.1
Preferred stock dividends	5.2			—			—			—			5.2
Net income applicable to common shareowners	$	11.9		$	67.8		$	11.3		$	(79.1	)	$	11.9
	Six Months Ended June 30, 2011
	Parent (Guarantor)			CBT (Issuer)			Other Non-guarantors			Eliminations			Total
Revenue	$	2.9		$	329.4		$	424.4		$	(28.4	)	$	728.3
Operating costs and expenses	15.1			215.5			362.1			(28.4		)	564.3
Operating income (loss)	(12.2		)	113.9			62.3			—			164.0
Interest expense, net	74.0			2.7			31.2			—			107.9
Other expense (income), net	(0.9		)	3.9			(3.0		)	—			—
Income (loss) before equity in earnings of subsidiaries and income taxes	(85.3		)	107.3			34.1			—			56.1
Income tax expense (benefit)	(28.6		)	40.5			12.8			—			24.7
Equity in earnings of subsidiaries, net of tax	88.1			—			—			(88.1		)	—
Net income	31.4			66.8			21.3			(88.1		)	31.4
Other comprehensive income	6.6			—			—			—			6.6
Total comprehensive income	$	38.0		$	66.8		$	21.3		$	(88.1	)	$	38.0
Net income	31.4			66.8			21.3			(88.1		)	31.4
Preferred stock dividends	5.2			—			—			—			5.2
Net income applicable to common shareowners	$	26.2		$	66.8		$	21.3		$	(88.1	)	$	26.2

Condensed Consolidating Balance Sheets
	As of June 30, 2012
(dollars in millions)	Parent (Guarantor)			CBT (Issuer)		Other Non-guarantors		Eliminations			Total
Cash and cash equivalents	$	0.4		$	1.3	$	2.4	$	—		$	4.1
Receivables, net	1.2			—		193.6		—			194.8
Other current assets	9.3			37.0		33.8		(0.4		)	79.7
Total current assets	10.9			38.3		229.8		(0.4		)	278.6
Property, plant and equipment, net	0.1			629.6		841.8		—			1,471.5
Goodwill and intangibles, net	—			2.4		491.6		—			494.0
Investments in and advances to subsidiaries	1,864.2			313.3		—		(2,177.5		)	—
Other noncurrent assets	382.9			7.0		229.2		(160.5		)	458.6
Total assets	$	2,258.1		$	990.6	$	1,792.4	$	(2,338.4	)	$	2,702.7
Current portion of long-term debt	$	—		$	2.9	$	10.6	$	—		$	13.5
Accounts payable	0.2			47.5		72.0		—			119.7
Other current liabilities	91.9			51.3		56.2		(1.2		)	198.2
Total current liabilities	92.1			101.7		138.8		(1.2		)	331.4
Long-term debt, less current portion	2,182.4			214.9		141.4		—			2,538.7
Other noncurrent liabilities	383.9			134.4		170.2		(159.7		)	528.8
Intercompany payables	295.9			—		661.0		(956.9		)	—
Total liabilities	2,954.3			451.0		1,111.4		(1,117.8		)	3,398.9
Shareowners’ equity (deficit)	(696.2		)	539.6		681.0		(1,220.6		)	(696.2		)
Total liabilities and shareowners’ equity (deficit)	$	2,258.1		$	990.6	$	1,792.4	$	(2,338.4	)	$	2,702.7
	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

	Six Months Ended June 30, 2012
(dollars in millions)	Parent (Guarantor)			CBT (Issuer)			Other Non-guarantors			Eliminations		Total
Cash flows provided by (used in) operating activities	$	(75.0	)	$	112.7		$	54.2		$	—	$	91.9
Capital expenditures	—			(47.7		)	(119.7		)	—		(167.4		)
Cash flows used in investing activities	—			(47.7		)	(119.7		)	—		(167.4		)
Funding between Parent and subsidiaries, net	10.8			(63.5		)	52.7			—		—
Increase in receivables facility, net	—			—			19.0			—		19.0
Repayment of debt	—			(1.6		)	(6.4		)	—		(8.0		)
Common stock repurchase	(0.3		)	—			—			—		(0.3		)
Other financing activities	(4.7		)	—			(0.1		)	—		(4.8		)
Cash flows provided by (used in) financing activities	5.8			(65.1		)	65.2			—		5.9
Increase (decrease) in cash and cash equivalents	(69.2		)	(0.1		)	(0.3		)	—		(69.6		)
Beginning cash and cash equivalents	69.6			1.4			2.7			—		73.7
Ending cash and cash equivalents	$	0.4		$	1.3		$	2.4		$	—	$	4.1
	Six Months Ended June 30, 2011
	Parent (Guarantor)			CBT (Issuer)			Other Non-guarantors			Eliminations		Total
Cash flows provided by (used in) operating activities	$	(69.9	)	$	120.3		$	67.5		$	—	$	117.9
Capital expenditures	—			(45.1		)	(47.4		)	—		(92.5		)
Other investing activities	(0.2		)	—			—			—		(0.2		)
Cash flows used in investing activities	(0.2		)	(45.1		)	(47.4		)	—		(92.7		)
Funding between Parent and subsidiaries, net	93.1			(74.4		)	(18.7		)	—		—
Increase in receivables facility, net	—			—			0.4			—		0.4
Repayment of debt	—			(1.1		)	(5.1		)	—		(6.2		)
Other financing activities	(6.6		)	—			—			—		(6.6		)
Cash flows provided by (used in) financing activities	86.5			(75.5		)	(23.4		)	—		(12.4		)
Increase (decrease) in cash and cash equivalents	16.4			(0.3		)	(3.3		)	—		12.8
Beginning cash and cash equivalents	69.8			1.8			5.7			—		77.3
Ending cash and cash equivalents	$	86.2		$	1.5		$	2.4		$	—	$	90.1