Cincinnati Bell Inc (CBB) financial statements (2020 and earlier)

Company profile

Business Address 221 E FOURTH ST
CINCINNATI, OH 45202
State of Incorp. OH
Fiscal Year End December 31
SIC 4813 - Telephone Communications, Except Radiotelephone (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)
Annual | Quarterly

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments71518107585
Cash and cash equivalents71518107585
Restricted cash and investments  379    
Receivables253343240179157183178
Inventory, net of allowances, customer advances and progress billings50474423212524
Inventory50474423212524
Prepaid expense29312215131511
Other current assets111184222
Other undisclosed current assets     5332
Total current assets:350446710230200337251
Noncurrent Assets
Finance lease, right-of-use asset35✕✕✕✕✕✕
Operating lease, right-of-use asset36✕✕✕✕✕✕
Property, plant and equipment1,7961,8441,1291,086976860903
Long-term investments and receivables  4356277474
Long-term investments  4356277474
Intangible assets, net (including goodwill)318325283141515106
Goodwill16015715114141414
Intangible assets, net (excluding goodwill)158168132 0192
Deferred costs    111926
Other noncurrent assets60682019263437
Other undisclosed noncurrent assets244816189172279311
Total noncurrent assets:2,2692,2841,4521,3111,2541,4831,856
TOTAL ASSETS:2,6192,7302,1621,5411,4541,8202,107
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities346426265157184206140
Accounts payable24933218610612713689
Employee-related liabilities50432926313738
Taxes payable23252113151113
Interest and dividends payable252730131122 
Deferred revenue51✕✕✕✕✕✕
Debt2320188141313
Restructuring reserve 10   20✕
Due to related parties    201
Disposal group, including discontinued operation    5  
Deferred revenue and credits✕✕3636293233
Contract with customer, liability✕1✕✕✕✕✕
Other liabilities45393732254637
Other undisclosed current liabilities 45   9232
Total current liabilities:464542357233259410254
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,9041,9101,7291,1991,2321,7712,253
Finance lease, liability64✕✕✕✕✕✕
Capital lease obligations✕61     
Operating lease, liability32✕✕✕✕✕✕
Other undisclosed long-term debt and lease obligation1,8081,8491,7291,1991,2321,7712,253
Liabilities, other than long-term debt296343219231262400285
Deferred revenue and credits✕✕   113 
Pension and other postretirement defined benefit plans, liabilities✕✕✕✕✕✕203
Contract with customer, liability✕28✕✕✕✕✕
Deferred tax liabilities, net✕1111    
Liability, pension and other postretirement and postemployment benefits220231178198225240✕
Restructuring reserve 1    8
Other liabilities76733033374774
Other undisclosed noncurrent liabilities8311   (113)(8)
Total noncurrent liabilities:2,2822,2641,9481,4301,4932,0582,530
Total liabilities:2,7472,8052,3061,6631,7532,4682,784
Stockholders' equity
Stockholders' equity attributable to parent(128)(75)(143)(122)(298)(649)(677)
Preferred stock129129129129129129129
Common stock1100222
Treasury stock, value    (1)(1)(2)
Additional paid in capital2,6772,6802,5662,5712,5762,5832,591
Accumulated other comprehensive loss(179)(176)(174)(90)(171)(174)(133)
Accumulated deficit(2,755)(2,709)(2,665)(2,732)(2,834)(3,188)(3,264)
Total stockholders' equity:(128)(75)(143)(122)(298)(649)(677)
TOTAL LIABILITIES AND EQUITY:2,6192,7302,1621,5411,4541,8202,107

Income statement (P&L) ($ in millions)
Annual | Quarterly

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues1,5451,3781,2891,1921,1681,2781,257
Revenue, net✕✕1,2891,1861,1681,2781,257
Cost of revenue(1,060)(930)(982)(864)(918)(898)(835)
Cost of goods and services sold(787)(699)(761)(679)(671)(699)(643)
Gross profit:485449307328250380422
Operating expenses(403)(365)(269)(228)(122)(264)(258)
Other operating expense, net
(Other Expenses)		  (4)(1)   
Other undisclosed operating income (loss)  4(5)   
Operating income:82833893128116164
Nonoperating income (expense)(0)2(1)84522151
Investment income, nonoperating    449216 
Other nonoperating income (expense)(0)2(1)83(0)1
Interest and debt expense(140)(133)(88)(95)(124)(168)(212)
Income (loss) from continuing operations before equity method investments, income taxes:(58)(48)(52)6456163(47)
Loss from equity method investments    (5)(7)(11)
Other undisclosed income (loss) from continuing operations before income taxes(11)(13)118157 (23) 
Income (loss) from continuing operations before income taxes:(70)(60)66163451133(57)
Income tax expense (benefit)(6)(9)(31)(61)(160)(57)3
Net income (loss):(76)(70)3510229176(55)
Other undisclosed net income attributable to parent   063  
Net income (loss) attributable to parent:(76)(70)3510235476(55)
Preferred stock dividends and other adjustments(10)(10)(10)(10)(10)(10)(10)
Net income (loss) available to common stockholders, diluted:(86)(80)259234365(65)

Comprehensive Income ($ in millions)
Annual | Quarterly

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(76)(70)3510229176(55)
Other comprehensive income (loss)(6)(1)28(44)(2)22 
Comprehensive income (loss):(82)(71)635828998(55)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(7)(1)(80)12568(63)76
Comprehensive income (loss), net of tax, attributable to parent:(89)(72)(16)1833573522

Statements sources

The financial statements are based on the company's filings with the 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.

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