Cincinnati Bell Inc (CBB) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
221 E FOURTH ST CINCINNATI, OH 45202 |
| State of Incorp. | OH |
| Fiscal Year End | December 31 |
| Industry (SIC) | 4813 - Telephone Communications, Except Radiotelephone (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 9,100 | 7,700 | 5,600 | 7,400 | 9,400 | 7,500 | |||
| Cash and cash equivalents | 9,100 | 7,700 | 5,600 | 7,400 | 9,400 | 7,500 | |||
| Receivables | 495,000 | 378,600 | 445,500 | 384,500 | 447,800 | 391,700 | |||
| Inventory, net of allowances, customer advances and progress billings | 107,400 | 122,100 | 96,100 | 95,700 | 103,400 | 78,700 | |||
| Inventory | 107,400 | 122,100 | 96,100 | 95,700 | 103,400 | 78,700 | |||
| Prepaid expense | 53,300 | 53,100 | 52,300 | 48,600 | 45,700 | 46,100 | |||
| Disposal group, including discontinued operation | |||||||||
| Other current assets | 32,100 | 44,100 | 37,700 | 29,500 | 25,700 | 22,000 | |||
| Total current assets: | 696,900 | 605,600 | 637,200 | 565,700 | 632,000 | 546,000 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | |||||||||
| Operating lease, right-of-use asset | 78,300 | 75,200 | 75,500 | 72,600 | 73,100 | 75,100 | |||
| Property, plant and equipment | 2,459,100 | 2,344,500 | 2,257,900 | 2,171,000 | 2,116,800 | 2,058,300 | |||
| Intangible assets, net (including goodwill) | 1,436,900 | 1,464,000 | 1,494,200 | 1,524,000 | 1,552,600 | 1,570,800 | |||
| Goodwill | 721,000 | 720,400 | 721,000 | 723,500 | 723,500 | 719,000 | |||
| Intangible assets, net (excluding goodwill) | 715,900 | 743,600 | 773,200 | 800,500 | 829,100 | 851,800 | |||
| Disposal group, including discontinued operation, noncurrent assets | |||||||||
| Deferred income tax assets | 2,800 | 1,800 | 2,000 | 2,100 | 2,200 | 5,700 | |||
| Other noncurrent assets | 78,000 | 76,200 | 72,200 | 67,500 | 58,900 | 57,700 | |||
| Other undisclosed noncurrent assets | |||||||||
| Total noncurrent assets: | 4,055,100 | 3,961,700 | 3,901,800 | 3,837,200 | 3,803,600 | 3,767,600 | |||
| TOTAL ASSETS: | 4,752,000 | 4,567,300 | 4,539,000 | 4,402,900 | 4,435,600 | 4,313,600 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 522,100 | 432,600 | 492,700 | 483,000 | 561,500 | 556,800 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 4,000 | ||
| Taxes payable | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 23,800 | ||
| Employee-related liabilities | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 34,400 | ||
| Accounts payable | 453,800 | 377,600 | 426,300 | 430,400 | 492,500 | 432,400 | |||
| Accrued liabilities | 68,300 | 55,000 | 66,400 | 52,600 | 69,000 | 62,200 | |||
| Deferred revenue | 72,000 | 66,100 | 65,500 | 76,600 | 81,600 | 66,100 | |||
| Debt | 25,700 | 25,600 | 45,200 | ||||||
| Restructuring reserve | 10,500 | ||||||||
| Disposal group, including discontinued operation | |||||||||
| Other liabilities | 62,800 | 48,600 | 47,200 | 44,800 | 47,800 | 47,400 | |||
| Other undisclosed current liabilities | 16,600 | 45,000 | (17,500) | ||||||
| Total current liabilities: | 684,000 | 573,000 | 631,000 | 649,600 | 735,900 | 652,800 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 1,836,400 | 1,716,600 | 1,973,500 | 1,781,500 | 1,656,000 | 1,588,200 | |||
| Finance lease, liability | 42,100 | 39,500 | 43,000 | 42,600 | 43,100 | 42,000 | |||
| Other undisclosed long-term debt and lease obligation | 1,794,300 | 1,677,100 | 1,930,500 | 1,738,900 | 1,612,900 | 1,478,400 | |||
| Liabilities, other than long-term debt | 397,300 | 384,000 | 394,500 | 421,400 | 421,800 | 373,400 | |||
| Deferred income tax liabilities | 54,200 | 54,500 | 67,500 | 84,100 | 98,200 | 98,300 | |||
| Liability, pension and other postretirement and postemployment benefits | 127,900 | 137,300 | 138,000 | 138,500 | 138,900 | 177,400 | |||
| Disposal group, including discontinued operation, liabilities | |||||||||
| Other liabilities | 143,200 | 123,300 | 120,200 | 132,800 | 118,600 | 97,700 | |||
| Operating lease, liability | 72,000 | 68,900 | 68,800 | 66,000 | 66,100 | 67,800 | |||
| Other undisclosed noncurrent liabilities | 40,800 | 41,600 | 42,200 | 42,900 | 43,600 | 113,000 | |||
| Total noncurrent liabilities: | 2,274,500 | 2,142,200 | 2,410,200 | 2,245,800 | 2,121,400 | 2,074,600 | |||
| Total liabilities: | 2,958,500 | 2,715,200 | 3,041,200 | 2,895,400 | 2,857,300 | 2,727,400 | |||
| Equity | |||||||||
| Equity, attributable to parent | 1,793,500 | 1,852,100 | 1,497,800 | 1,506,700 | 1,577,500 | 1,586,200 | |||
| Additional paid in capital | 2,116,100 | 2,116,100 | 1,716,100 | 1,716,100 | 1,716,100 | 1,716,100 | |||
| Accumulated other comprehensive income (loss) | 28,200 | 16,800 | 19,800 | 18,600 | 19,500 | (8,100) | |||
| Accumulated deficit | (350,800) | (280,800) | (238,100) | (228,000) | (158,100) | (121,800) | |||
| Equity, attributable to noncontrolling interest | 800 | 800 | |||||||
| Total equity: | 1,793,500 | 1,852,100 | 1,497,800 | 1,507,500 | 1,578,300 | 1,586,200 | |||
| TOTAL LIABILITIES AND EQUITY: | 4,752,000 | 4,567,300 | 4,539,000 | 4,402,900 | 4,435,600 | 4,313,600 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 462,400 | 448,300 | 457,700 | 448,900 | 458,600 | 462,100 | ||
| Cost of revenue | (310,000) | (333,000) | (331,900) | (355,100) | (328,300) | (358,300) | ||
| Cost of goods and services sold | (253,500) | (252,500) | (249,000) | (253,300) | (250,100) | (258,000) | ||
| Gross profit: | 152,400 | 115,300 | 125,800 | 93,800 | 130,300 | 103,800 | ||
| Operating expenses | (163,600) | (137,300) | (132,100) | (137,000) | (143,500) | (140,500) | ||
| Operating loss: | (11,200) | (22,000) | (6,300) | (43,200) | (13,200) | (36,700) | ||
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | (21,000) | 14,600 | 27,100 | (3,100) | (700) | 25,700 | ||
| Interest and debt expense | (41,200) | (43,300) | (41,200) | (35,500) | (30,900) | (24,300) | ||
| Loss from continuing operations before equity method investments, income taxes: | (73,400) | (50,700) | (20,400) | (81,800) | (44,800) | (35,300) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (200) | (100) | (400) | 1,900 | 700 | |||
| Loss from continuing operations before income taxes: | (73,600) | (50,800) | (20,400) | (82,200) | (42,900) | (34,600) | ||
| Income tax expense (benefit) | 3,600 | 8,100 | 10,300 | 12,300 | 6,600 | 8,000 | ||
| Loss from continuing operations: | (70,000) | (42,700) | (10,100) | (69,900) | (36,300) | (26,600) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | (26,600) | |
| Income from discontinued operations | ||||||||
| Net loss available to common stockholders, diluted: | (70,000) | (42,700) | (10,100) | (69,900) | (36,300) | (26,600) | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (70,000) | (42,700) | (10,100) | (69,900) | (36,300) | (26,600) | ||
| Other comprehensive income (loss) | (300) | 300 | 400 | 300 | (8,300) | 300 | ||
| Comprehensive loss: | (70,300) | (42,400) | (9,700) | (69,600) | (44,600) | (26,300) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 11,700 | (3,300) | 800 | (1,200) | 35,900 | (7,000) | ||
| Comprehensive loss, net of tax, attributable to parent: | (58,600) | (45,700) | (8,900) | (70,800) | (8,700) | (33,300) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.