Document


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 

 
FORM 8-K
 

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report: May 9, 2018

 
CINCINNATI BELL INC.
(Exact Name of Registrant as Specified in its Charter)


 
 
 
 
 
 
Ohio
 
001-8519
 
31-1056105
(State or other jurisdiction
of incorporation)
 
(Commission
File Number)
 
(IRS Employer
Identification No.)
221 East Fourth Street
Cincinnati, OH 45202
(Address of Principal Executive Office)
Registrant's telephone number, including area code: (513) 397-9900

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company o

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Securities Act. o





Item 7.01    Regulation FD Disclosure

A copy of the materials that Cincinnati Bell Inc. will provide to certain analysts is being furnished as Exhibit 99.1 to
this Current Report on Form 8-K.

The information in this Current Report on Form 8-K and in the exhibit attached hereto as Exhibit 99.1 are being
furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Act of 1934 or otherwise subject to the
liabilities of that Section nor shall they be deemed incorporated by reference into any filing under the Securities Act of 1933 or
the Securities Act of 1934, except as shall be expressly stated by specific reference in such filing.


    
Item 9.01    Financial Statements and Exhibits.

(c)
Exhibit No.
Description
 
 
 
 
 
 
 
 
 
 
 
 
Segment Revenues Schedule
 
 
 





SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 
 
 
 
 
 
 
 
CINCINNATI BELL INC.
 
 
 
 
 
Date:
May 9, 2018
 
By:
/s/ Christopher J. Wilson
 
 
 
 
Christopher J. Wilson
 
 
 
 
Vice President and General Counsel




Exhibit


Cincinnati Bell Inc.
 
 
 
 
 
 
 
 
 
 
 
 
Entertainment and Communications Income Statement
 
 
 
 
 
 
 
 
 
 
(Unaudited)
 
 
 
 
 
 
 
 
 
 
 
 
(Dollars in millions)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2016
 
2017
Income Statement
 
YTD
 
Q1
 
Q2
 
Q3
 
Q4
 
YTD
 
Revenue
 
$
691.3

 
$
175.1

 
$
181.0

 
$
175.0


$
175.0


$
706.1

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating costs and expenses
 
 
 
 
 
 
 
 
 
 
 
 
 
Cost of services and products
298.2

 
75.7

 
78.3

 
75.7


78.9


308.6

 
Selling, general and administrative
125.5

 
31.3

 
29.9

 
29.4


29.5


120.1

 
Depreciation and amortization
159.2

 
39.4

 
40.4

 
41.2


42.7


163.7

 
Other
 
8.4

 
25.6

 
1.0

 


5.0


31.6

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total operating costs and expenses
591.3

 
172.0


149.6

 
146.3


156.1


624.0

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating income

 
$
100.0

 
$
3.1


$
31.4

 
$
28.7


$
18.9


$
82.1

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue
 
 
 
 
 
 
 
 
 
 
 
 
 
Fioptics
 
 
 
 
 
 
 
 
 
 
 
 
 
Data
 
$
99.4

 
$
29.6

 
31.3

 
$
32.5


32.9


126.3

 
Video
 
125.6

 
35.9

 
36.9

 
37.7


38.4


148.9

 
Voice
 
28.4

 
7.9

 
8.3

 
8.6


8.8


33.6

 
Other
 
0.7

 
0.3

 
0.3

 
0.3


0.2


1.1

 
 
 
 
254.1

 
73.7


76.8

 
79.1


80.3


309.9

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Enterprise Fiber
 
 
 
 
 
 
 
 
 
 
 
 
 
Data
 
78.2

 
19.7

 
25.3

 
20.5


20.6


86.1

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Legacy
 
 
 
 
 
 
 
 
 
 
 
 
 
Data
 
155.4

 
35.1

 
33.5

 
32.3


31.2


132.1

 
Voice
 
189.5

 
43.8

 
42.2

 
40.3


39.1


165.4

 
Other
 
14.1

 
2.8

 
3.2

 
2.8


3.8


12.6

 
 
 
 
359.0

 
81.7


78.9

 
75.4


74.1


310.1

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Entertainment and Communications revenue
$
691.3

 
$
175.1


$
181.0

 
$
175.0


$
175.0


$
706.1

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 











Cincinnati Bell Inc.
 
 
 
 
 
 
 
 
 
 
 
 
IT Services and Hardware Income Statement
 
 
 
 
 
 
 
 
 
 
(Unaudited)
 
 
 
 
 
 
 
 
 
 
 
 
(Dollars in millions)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2016
 
2017
Income Statement
 
YTD
 
Q1
 
Q2
 
Q3
 
Q4
 
YTD
 
Revenue
 
$
352.7

 
$
81.0

 
$
84.8

 
$
87.0

 
$
132.3

 
$
385.1

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating costs and expenses
 
 
 
 
 
 
 
 
 
 
 
 
 
Cost of services and products
234.5

 
54.7

 
56.7

 
57.6

 
78.0

 
247.0

 
Selling, general and administrative
74.2

 
19.0

 
20.6

 
19.3

 
39.7

 
98.6

 
Depreciation and amortization
23.0

 
6.4

 
6.5

 
6.1

 
10.1

 
29.1

 
Other
 
3.6

 

 
2.5

 

 
2.6

 
5.1

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total operating costs and expenses
335.3

 
80.1

 
86.3

 
83.0

 
130.4

 
379.8

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating income

 
$
17.4

 
$
0.9

 
$
(1.5
)
 
$
4.0

 
$
1.9

 
$
5.3

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue
 
 
 
 
 
 
 
 
 
 
 
 
 
Consulting
 
$
86.7

 
$
16.7

 
16.5

 
$
16.1

 
40.0

 
89.3

 
Cloud
 
85.5

 
20.9

 
19.2

 
17.4

 
23.5

 
81.0

 
Communications
 
144.3

 
36.5

 
40.3

 
43.9

 
39.9

 
160.6

 
Infrastructure Solutions
 
36.2

 
6.9

 
8.8

 
9.6

 
28.9

 
54.2

 
 
Total IT Services and Hardware Revenue
 
352.7

 
81.0

 
84.8

 
87.0

 
132.3

 
385.1