Cincinnati Bell Inc (CBB) financial statements (2021 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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments12 1518107
Cash and cash equivalents12 1518107
Restricted cash and investments   379  
Receivables370 343240179157
Inventory, net of allowances, customer advances and progress billings36 47442321
Inventory36 47442321
Prepaid expense34 31221513
Other current assets8 11842
Total current assets:459 446710230200
Noncurrent Assets
Operating lease, right-of-use asset37 ✕✕✕✕
Property, plant and equipment1,729 1,8441,1291,086976
Long-term investments and receivables   4356
Long-term investments   4356
Intangible assets, net (including goodwill)310 3252831415
Goodwill162 1571511414
Intangible assets, net (excluding goodwill)148 168132 0
Deferred costs     11
Deferred income tax assets83 ✕✕✕✕
Other noncurrent assets51 68201926
Other undisclosed noncurrent assets  4816189172
Total noncurrent assets:2,210 2,2841,4521,3111,254
TOTAL ASSETS:2,669 2,7302,1621,5411,454
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities405 426265157184
Accounts payable299 332186106127
Employee-related liabilities51 43292631
Taxes payable28 25211315
Interest and dividends payable27 27301311
Deferred revenue69 ✕✕✕✕
Debt22 2018814
Restructuring reserve  10   
Due to related parties     2
Disposal group, including discontinued operation     5
Deferred revenue and credits✕✕✕363629
Contract with customer, liability✕✕1✕✕✕
Other liabilities51 39373225
Other undisclosed current liabilities  45   
Total current liabilities:546 542357233259
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,950 1,9101,7291,1991,232
Finance lease, liability52 ✕✕✕✕
Capital lease obligations✕✕61   
Operating lease, liability34 ✕✕✕✕
Other undisclosed long-term debt and lease obligation1,864 1,8491,7291,1991,232
Liabilities, other than long-term debt293 343219231262
Contract with customer, liability✕✕28✕✕✕
Deferred tax liabilities, net✕✕1111  
Deferred income tax liabilities11 ✕✕✕✕
Liability, pension and other postretirement and postemployment benefits200 231178198225
Restructuring reserve  1   
Other liabilities82 73303337
Other undisclosed noncurrent liabilities70 11   
Total noncurrent liabilities:2,314 2,2641,9481,4301,493
Total liabilities:2,860 2,8052,3061,6631,753
Stockholders' equity
Stockholders' equity attributable to parent(191) (75)(143)(122)(298)
Preferred stock129 129129129129
Common stock1 1002
Treasury stock, value     (1)
Additional paid in capital2,670 2,6802,5662,5712,576
Accumulated other comprehensive loss(160) (176)(174)(90)(171)
Accumulated deficit(2,832) (2,709)(2,665)(2,732)(2,834)
Total stockholders' equity:(191) (75)(143)(122)(298)
TOTAL LIABILITIES AND EQUITY:2,669 2,7302,1621,5411,454

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues1,560 1,3781,2891,1921,168
Revenue, net✕✕✕1,2891,1861,168
Cost of revenue(1,059) (930)(982)(864)(918)
Cost of goods and services sold(802) (699)(761)(679)(671)
Gross profit:501 449307328250
Operating expenses(435) (365)(269)(228)(122)
Other operating expense, net
(Other Expenses)		   (4)(1) 
Other undisclosed operating income (loss)   4(5) 
Operating income:66 833893128
Nonoperating income (expense)1 2(1)8452
Investment income, nonoperating     449
Other nonoperating income (expense)1 2(1)83
Interest and debt expense(134) (133)(88)(95)(124)
Income (loss) from continuing operations before equity method investments, income taxes:(67) (48)(52)6456
Loss from equity method investments     (5)
Other undisclosed income (loss) from continuing operations before income taxes(14) (13)118157 
Income (loss) from continuing operations before income taxes:(81) (60)66163451
Income tax expense (benefit)26 (9)(31)(61)(160)
Net income (loss):(56) (70)35102291
Other undisclosed net income attributable to parent    063
Net income (loss) attributable to parent:(56) (70)35102354
Preferred stock dividends and other adjustments(10) (10)(10)(10)(10)
Net income (loss) available to common stockholders, diluted:(66) (80)2592343

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(56) (70)35102291
Other comprehensive income (loss)(2) (1)28(44)(2)
Comprehensive income (loss):(58) (71)6358289
Other undisclosed comprehensive income (loss), net of tax, attributable to parent13 (1)(80)12568
Comprehensive income (loss), net of tax, attributable to parent:(45) (72)(16)183357

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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