CINCINNATI BELL INC. CBB Cash Flow

Cincinnati bell inc. (CBB)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
Cash flows from operating activities
Net loss
-34,000	-	-	-	-26,900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss
-	-	-	-	-	-	-17,700	-13,800	-8,300	-	-11,000	2,300	60,600	-400	18,800	77,600	7,000	32,600	80,300	191,600	49,200	-18,300	-27,300	114,200	7,000	-28,100	9,300	800	-36,700	-9,800	3,900	4,500	12,600	-30,400	17,600	13,500	17,900	-18,600	14,500	9,600	22,800
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization
74,200	75,800	75,500	74,200	79,400	74,400	75,500	50,900	51,200	52,900	47,300	47,000	45,800	47,500	46,500	44,800	43,400	39,200	35,800	34,000	61,200	62,400	61,400	60,300	46,900	42,000	39,800	37,200	50,600	57,200	55,400	53,700	51,100	53,200	49,100	48,800	48,400	49,800	48,200	41,300	40,200
Loss on extinguishment of debt, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-4,800	-11,400	-5,200	2,400	400	-7,800	-13,500	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of CyrusOne investment
-	-	-	-	-	-	-	-	-	0	0	0	117,700	5,100	33,300	118,600	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from CyrusOne investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-2,400	500	-2,600	-1,500	-4,700	-1,900	0	0	0	0	-	-	-	-	-	-	-	-
Loss (gain) on sale of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	100	0	200	200	-300	-2,500	1,000	600	0	0	-	-	-	-	-	-	-	-
Impairment of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	50,800	0	500	1,100	-	-	-	-
Provision for loss on receivables
4,500	3,400	3,500	2,700	2,900	3,200	2,600	1,600	1,000	1,300	2,100	1,700	1,800	2,200	2,900	2,400	1,900	2,000	2,200	2,200	2,100	2,200	3,600	2,200	2,400	2,300	2,400	4,000	2,600	2,300	4,200	3,600	3,800	3,300	3,900	3,600	3,100	4,400	2,800	3,900	4,100
Noncash portion of interest expense
1,400	1,400	1,400	1,500	1,900	1,700	1,600	1,300	800	1,300	400	600	500	900	700	700	1,000	1,100	1,000	1,100	1,400	1,400	1,400	1,700	1,700	1,800	1,900	1,800	2,000	2,000	1,900	1,900	2,000	2,000	2,000	1,200	2,500	2,200	3,000	1,900	900
Deferred income taxes
-20,300	-2,500	-900	-8,000	500	14,800	-4,100	-2,600	-1,200	-9,800	700	900	34,500	700	10,700	44,200	4,400	11,400	43,700	101,600	27,800	-10,400	-15,400	64,400	8,800	-4,600	300	-4,500	6,100	-4,200	6,300	7,100	12,400	-15,000	15,300	10,700	13,900	-4,200	16,000	6,000	20,400
Pension and other postretirement payments in excess of expense
-200	100	-200	300	-300	200	-7,700	-100	400	4,300	600	500	1,000	-4,400	-1,100	-1,500	-1,300	-1,600	-1,500	-4,800	-3,600	-3,300	-9,100	-7,300	-6,000	-6,700	-32,300	-7,600	-3,100	-4,100	-9,300	-6,800	-8,200	-2,900	-4,500	-900	-11,200	-4,600	-5,100	-2,500	1,500
Deferred gain on sale of wireless spectrum licenses - discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	112,600	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of deferred gain - discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	6,500	6,400	6,400	6,500	3,600	1,600	500	600	600	-	-	-	-	-	-	-	-	-	-	-	-
Stock-based compensation
1,700	2,000	2,000	1,600	1,800	1,100	1,900	1,400	1,200	700	1,300	1,000	2,900	300	1,300	2,300	1,200	1,000	1,000	800	1,300	800	800	900	800	900	800	900	2,300	1,600	1,200	1,100	1,300	1,100	1,100	1,000	900	-	-	-	-
Excess tax benefit for share based payments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-700	700	100	0	0	0	500	2,400	0	0	0	-	-	-	-	-	-	-	-
Other, net
-400	1,600	1,600	500	1,300	200	1,900	-600	2,000	-1,400	-4,100	1,800	1,200	700	-700	2,000	1,800	100	2,000	1,400	-6,700	-11,600	500	200	400	3,000	600	300	-500	-2,100	600	1,500	-900	1,000	1,200	1,400	100	4,900	-1,000	-500	100
Changes in operating assets and liabilities:
Decrease in receivables
-29,000	54,800	-10,900	10,800	-82,300	62,900	17,400	9,300	-6,500	-500	4,600	-10,800	-14,600	7,300	5,500	22,700	-17,200	-4,000	10,800	-6,800	1,900	-12,200	15,700	-1,900	22,100	-4,900	7,000	3,900	-6,500	7,500	3,400	22,300	400	4,100	3,900	18,000	-15,400	14,900	7,300	10,600	-6,100
Decrease (increase) in inventory, materials, supplies, prepaid expenses and other current assets
500	-5,600	6,200	1,900	-7,500	-700	9,100	-15,000	4,400	14,900	-4,200	300	5,600	200	1,000	300	4,700	-3,900	700	800	-1,200	4,500	8,500	-9,800	4,000	-5,900	1,900	-500	5,300	1,100	5,200	2,700	5,500	-500	3,600	-4,000	6,800	-7,400	-2,600	-14,700	2,500
(Increase) decrease in inventory, materials, supplies, prepaid expenses and other current assets
500	-5,600	6,200	1,900	-7,500	-700	9,100	-15,000	4,400	14,900	-4,200	300	5,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,200	2,700	5,500	-	3,600	-4,000	6,800	-7,400	-2,600	-14,700	2,500
Decrease in accounts payable
-5,300	36,400	-12,600	11,000	-74,800	78,700	13,400	-600	3,600	20,000	-7,500	4,100	5,800	-9,200	-17,900	17,200	-3,200	-25,800	25,800	7,200	-24,200	19,200	6,900	-6,400	19,000	-16,700	2,600	-27,000	23,400	3,500	7,700	18,400	-36,500	32,500	3,100	5,800	-22,200	24,100	-600	1,600	-20,500
Decrease in accrued and other current liabilities
-25,100	25,100	10,300	-4,500	-17,900	18,200	-1,400	-15,900	9,600	5,100	2,100	1,900	7,100	900	13,100	-19,800	2,800	-10,800	-6,800	-15,400	2,400	-14,600	12,500	11,500	-10,200	-14,300	16,900	-19,800	-900	-400	-200	-600	-8,800	-5,000	12,100	-16,100	8,500	17,800	5,100	-16,500	-2,400
Decrease in other noncurrent assets
-2,700	-1,600	-2,900	-2,500	-2,300	-200	2,900	-1,300	-500	-400	-700	200	-500	700	1,500	1,100	-500	300	-1,000	-700	-100	600	-500	-400	-400	-700	200	100	-400	-	-	-	-	-	-	-	-	-	-	-	-
Increase (decrease) in other noncurrent liabilities
600	-1,700	-1,300	-600	-600	-8,200	100	300	-400	-7,900	-6,500	500	3,300	2,200	-2,100	3,800	-300	-3,600	2,900	400	1,700	-400	-4,800	300	-2,300	3,500	-2,400	700	-9,400	-1,500	2,800	500	200	-4,600	1,300	500	-100	3,000	-400	-500	3,300
Decrease in other noncurrent liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-600	-900	-	-700	700	-6,500	500	-1,400	-1,000	-1,600
Net cash provided by operating activities
29,100	70,200	70,100	62,000	56,800	91,900	32,900	31,400	58,500	46,600	33,900	69,000	53,900	31,500	43,700	32,200	65,700	16,300	62,000	26,400	6,300	54,400	27,000	56,000	37,800	19,000	30,400	-12,900	42,300	57,700	63,100	68,300	23,600	91,400	80,600	52,900	65,000	95,400	79,200	54,600	70,800
Cash flows from investing activities
Capital expenditures
50,900	56,500	56,700	54,100	56,500	79,900	69,700	38,300	32,700	62,300	43,000	50,100	55,100	97,600	67,200	59,200	62,400	77,900	73,200	74,600	57,900	61,200	45,600	41,200	34,300	54,900	46,100	45,000	50,900	124,300	75,500	82,800	84,600	88,500	74,500	40,100	52,400	48,500	43,000	30,900	27,300
Proceeds from sale of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	100	1,900	200	200	800	800	1,000	600	0	0	-	-	-	-	-	-	-	-
Proceeds from Sale of Available-for-sale Securities, Equity
-	-	-	-	-	-	-	-	-	-	0	0	140,700	8,500	38,700	142,500	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisitions of businesses, net of cash acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1,700	524,600	400
Acquisitions of businesses
-	-	-	-	-	-	-	0	2,800	-	-	400	9,200	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends received from Investment in CyrusOne (equity method investment)
-	-	-	-	-	-	-	-	-	-	-	-	-	-4,100	1,300	2,800	2,100	2,700	4,500	9,000	6,000	6,000	6,000	9,300	7,100	7,100	7,200	7,000	0	-	-	-	-	-	-	-	-	-	-	-	-
Release of restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	400	4,200	700	0	0	-	-	-	-	-	-	-	-
Cash divested from deconsolidation of CyrusOne
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	12,200	0	0	0	0	-	-	-	-	-	-	-	-
Other, net
0	-	-	-	100	-	-	-	100	300	100	100	-500	100	100	600	100	-900	100	0	100	-1,900	0	5,700	0	-	-	-	-	-	-	-	-	400	100	300	-100	-400	-100	-300	-100
Net cash used in investing activities
-50,900	-56,300	-56,400	-54,000	-56,600	-79,800	-283,800	-38,200	-35,600	-220,000	-43,100	-50,600	76,900	-2,600	-118,000	85,500	-60,400	-27,300	102,100	360,400	-52,000	-55,300	154,800	318,400	-25,300	-47,600	-38,700	-37,200	-61,900	-119,100	-85,300	-82,800	-84,600	-87,200	-64,800	-40,400	-52,300	-48,100	-44,600	-555,200	-27,600
Cash flows from financing activities
Proceeds from issuance of long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	780,900	2,100	748,000	603,300
Net increase (decrease) in corporate credit and receivables facilities with initial maturities less than 90 days
31,100	2,000	-9,600	5,300	-3,800	400	194,200	0	0	0	0	0	-89,500	66,000	-9,500	-13,500	28,900	17,600	-2,600	-24,100	7,500	-93,200	-2,400	-27,300	-4,100	146,200	-108,800	54,800	2,000	-	-	-	-	-	-	-	-	0	-10,000	10,000	-85,900
Borrowing on receivables facilities, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Repayment of debt
6,200	8,100	4,200	4,700	4,500	4,400	318,400	2,900	3,000	396,600	2,200	2,100	2,100	298,300	336,400	93,700	30,900	21,900	148,400	358,100	3,300	25,900	342,300	3,100	5,200	524,100	1,900	1,700	3,100	431,100	3,300	4,000	4,000	2,500	2,800	3,200	3,000	762,900	6,500	782,200	2,900
Debt issuance costs
0	0	100	600	100	700	8,500	2,100	400	17,800	600	200	500	2,700	6,500	1,900	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid on preferred stock
2,600	2,600	2,600	2,600	2,600	2,600	2,600	2,600	2,600	2,600	2,600	2,600	2,600	2,600	2,600	2,600	2,600	2,600	2,600	2,600	2,600	2,600	2,600	2,600	2,600	2,600	2,600	2,600	2,600	2,600	2,600	2,600	2,600	2,600	2,600	2,600	2,600	2,600	2,600	2,600	2,600
Common stock repurchase
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	300	400	10,000	0	0	-	-	-	-
Proceeds from exercise of options and warrants
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	600	600	300	200	0	6,600	4,000	8,100	0	0	-	-	-	-	-	-	-	-
Excess tax benefit for share based payments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-700	700	100	0	0	0	500	2,400	0	0	0	-	-	-	-	-	-	-	-
Other, net
-1,100	0	0	0	-800	200	-100	0	-2,000	200	100	0	-1,100	-100	3,400	300	-200	-100	100	-200	-400	1,200	500	300	-1,700	0	0	0	-2,300	-1,800	-1,400	-700	1,100	-16,000	100	-200	-400	-400	-300	400	-1,300
Net cash provided by (used in) financing activities
21,200	-8,700	-16,500	-2,600	-11,800	-7,100	-135,400	-7,600	-8,000	526,200	-5,300	-4,900	-95,800	-27,700	73,200	-116,000	-4,800	-7,000	-153,500	-385,400	1,200	-122,700	-347,500	-31,400	-12,900	-380,500	416,500	50,500	1,100	77,300	25,800	11,700	-5,800	-21,200	-15,200	-6,400	-6,000	-4,200	-17,500	-59,100	510,600
Effect of exchange rate changes on cash and cash equivalents
-400	-	-	-	100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Effect of exchange rate changes on cash, cash equivalents and restricted cash
-	-	-	-	-	-	100	-1,000	800	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net decrease in cash and cash equivalents
-1,000	5,100	-2,800	5,400	-11,500	4,800	-386,200	-15,400	15,700	352,800	-14,500	13,500	35,000	1,200	-1,100	1,700	500	-18,000	10,600	1,400	-44,500	-123,600	-165,700	343,000	-400	-409,100	408,200	400	-18,500	15,900	3,600	-2,800	-66,800	-17,000	600	6,100	6,700	43,100	17,100	-559,700	553,800
Investment in CyrusOne resulting from deconsolidation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	509,700	-	0	0	0	-	-	-	-	-	-	-	-
Acquisition of property by assuming debt and other noncurrent liabilities
300	-	3,100	500	9,800	-	700	6,100	0	-	9,800	0	6,900	-	800	3,000	7,100	-	1,400	1,600	1,300	-	400	200	0	-	3,700	900	1,000	-	800	5,600	1,400	-	8,900	19,100	4,500	-	1,000	2,200	14,500
Acquisition of property on account
25,600	-	-7,500	400	33,200	-	8,300	10,700	17,600	-	-5,000	-2,500	27,300	-	8,800	6,900	27,300	-	-3,700	4,100	28,900	-	21,200	-200	21,000	-	-2,200	-2,800	25,400	-	12,800	11,800	13,300	-	1,900	5,400	8,100	-	-2,300	7,200	9,000