CINCINNATI BELL INC. CBB Cash Flow

Cincinnati bell inc. (CBB)

CashFlow / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08
Cash flows from operating activities
Net loss
-66,600	-69,800	40,000	-	-	-	-	-	-	-	-	-
Net loss
-	-	-	103,000	353,700	75,600	-54,700	11,200	18,600	28,300	89,600	102,600
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization
304,900	252,000	193,000	182,200	170,200	231,000	169,600	217,400	199,500	179,500	164,900	-
Depreciation
-	-	-	-	-	-	-	-	-	-	-	149,000
Amortization
-	-	-	-	-	-	-	-	-	-	-	4,900
Loss on extinguishment of debt, net
0	-1,300	-3,200	-19,000	-20,900	-19,600	-29,600	-13,600	0	-46,500	-10,300	14,100
Gain on sale of CyrusOne investment
0	0	117,700	157,000	449,200	192,800	0	0	-	-	-	-
Loss from CyrusOne investment
-	-	-	-	-	-	-10,700	0	0	-	-	-
Loss (gain) on sale of assets
-	-	-	-	-	-	-2,400	1,600	8,400	0	-4,800	-
Impairment of assets
-	-	-	-	-	12,100	0	14,200	52,400	0	0	-
Provision for loss on receivables
12,500	8,400	6,900	9,400	8,500	10,400	11,300	13,900	13,900	15,200	22,300	19,700
Noncash portion of interest expense
6,200	5,400	2,800	3,300	4,600	6,200	7,500	7,800	7,700	8,000	3,800	5,000
Deferred income taxes
-10,900	6,900	26,300	60,000	184,500	47,400	-2,700	21,600	24,900	38,200	61,000	67,700
Pension and other postretirement payments in excess of expense
-100	-7,200	6,400	-8,300	-11,500	-25,700	-49,700	-28,400	-19,500	-10,700	-65,600	61,400
Deferred gain on sale of wireless spectrum licenses - discontinued operations
-	-	-	-	112,600	0	0	-	-	-	-	-1,200
Amortization of deferred gain - discontinued operations
-	-	-	-	6,500	22,900	3,300	2,300	-	-	-	-
Stock-based compensation
7,400	5,600	5,900	5,100	4,100	3,300	4,900	5,200	4,100	3,300	8,500	5,600
Excess tax benefit for share based payments
-	-	-	-	-	-	500	2,400	0	0	-	-
Gain on transfer of lease obligations - discontinued operations
-	-	-	-	15,900	0	0	-	-	-	-	-
Other, net
5,000	3,500	-2,500	3,800	-3,200	-10,500	3,400	-900	3,700	3,500	2,100	100
Changes in operating assets and liabilities:
Decrease in receivables
-27,600	83,100	-21,300	18,300	1,900	23,700	-500	33,600	10,600	26,700	16,400	7,400
Decrease (increase) in inventory, materials, supplies, prepaid expenses and other current assets
-5,000	-2,200	16,600	6,200	-3,600	7,200	800	14,500	5,900	-22,200	1,700	-
(Increase) decrease in inventory, materials, supplies, prepaid expenses and other current assets
-5,000	-2,200	16,600	6,200	-3,600	-	-	-	-	-22,200	1,700	-
Decrease in accounts payable
-40,000	95,100	22,400	-13,100	-17,000	38,700	-17,700	-6,900	19,200	4,600	-6,400	15,800
Decrease in accrued and other current liabilities
13,000	10,500	16,200	-3,000	-30,600	-800	-18,100	-10,000	-500	4,000	-16,300	-16,400
Decrease in other noncurrent assets
-9,300	900	-1,400	2,800	-1,500	-700	-800	-4,600	-1,100	-	-	-
Increase (decrease) in other noncurrent liabilities
-4,200	-8,200	-10,600	3,600	1,400	-7,200	-7,600	2,000	-2,900	5,400	-9,000	-1,200
Decrease in other noncurrent liabilities
-	-	-	-	-	-	-	-	-	-3,500	-100	7,600
Net cash provided by operating activities
259,100	214,700	203,400	173,100	111,000	175,200	78,800	212,700	289,900	300,000	265,600	403,900
Cash flows from investing activities
Capital expenditures
223,800	220,600	210,500	286,400	283,600	182,300	196,900	367,200	255,500	149,700	195,100	230,900
Proceeds from sale of Investment in CyrusOne
0	0	140,700	-	-	-	-	-	-	-	-	-
Proceeds from sale of assets
-	-	-	-	-	-	2,000	1,600	11,500	0	105,900	-
Proceeds from Sale of Available-for-sale Securities, Equity
-	-	-	189,700	643,900	355,900	-	-	-	-	-	-
Increase in restricted cash
-	-	-	-	-	-	-	11,100	0	-	-	-
Acquisitions of businesses, net of cash acquired
0	216,800	167,000	0	0	-	-	-	-	526,700	3,400	21,600
Dividends received from Investment in CyrusOne (equity method investment)
-	-	-	2,100	22,200	28,400	21,300	0	0	-	-	-
Proceeds from sale of CyrusOne investment
-	-	-	-	-	-	0	0	-	-	-	-
Proceeds from sale of wireless spectrum licenses
-	-	-	-	-	194,400	0	0	-	-	-	-
Release of restricted cash
-	-	-	-	-	-	400	4,900	0	0	-	-
Increase in restricted cash
-	-	-	-	-	-	-	-	-	0	-	-
Cash divested from deconsolidation of CyrusOne
-	-	-	-	-	-	12,200	0	0	-	-	-
Return of deposit of wireless licenses
-	-	-	-	-	-	-	-	-	-	-	-1,600
Other, net
-500	0	0	900	-700	3,800	0	0	700	-900	1,200	-400
Net cash used in investing activities
-223,300	-437,400	-236,800	-95,500	383,200	392,600	-185,400	-371,800	-244,700	-675,500	-93,800	-250,500
Cash flows from financing activities
Proceeds from issuance of long-term debt
0	0	943,000	635,000	0	0	536,000	525,000	0	2,134,300	492,800	23,000
Net increase (decrease) in corporate credit and receivables facilities with initial maturities less than 90 days
-6,100	194,600	-89,500	71,900	-1,600	-127,000	94,200	52,000	400	-85,900	-42,100	-2,000
Repayment of debt
21,500	328,700	403,000	759,300	531,700	376,500	530,800	442,400	11,500	1,554,500	506,500	105,700
Debt issuance costs
800	11,700	19,100	11,100	400	900	6,700	20,900	800	42,600	15,300	300
Dividends paid on preferred stock
10,400	10,400	10,400	10,400	10,400	10,400	10,400	10,400	10,400	10,400	10,400	10,400
CyrusOne stock issuance costs
-	-	-	-	-	-	-	5,700	0	0	-	-
Common stock repurchase
-	-	-	4,800	0	0	-	300	10,400	10,000	73,200	76,800
Proceeds from exercise of options and warrants
-	-	-	-	-	-	7,100	12,100	400	500	-	-
Excess tax benefit for share based payments
-	-	-	-	-	-	500	2,400	0	0	-	-
Other, net
-800	-1,900	-800	3,400	-600	300	-2,300	-2,800	-16,500	-1,600	-800	-600
Net cash provided by (used in) financing activities
-39,600	-158,100	420,200	-75,300	-544,700	-514,500	87,600	109,000	-48,800	429,800	-155,500	-172,800
Effect of exchange rate changes on cash and cash equivalents
0	-300	0	-	-	-	-	-	-	-	-	-
Effect of exchange rate changes on cash, cash equivalents and restricted cash
-	-	-	0	-	-	-	-	-	-	-	-
Net decrease in cash and cash equivalents
-3,800	-381,100	386,800	2,300	-50,500	53,300	-19,000	-50,100	-3,600	54,300	16,300	-19,400