Cincinnati Bell market cap is $377.1 m, and annual revenue was $1.38 b in FY 2018

Cincinnati Bell Gross profit (Q3, 2019)187.8 M

Cincinnati Bell Gross profit margin (Q3, 2019), %49.1%

Cincinnati Bell Net income (Q3, 2019)-13.6 M

Cincinnati Bell EBIT (Q3, 2019)22.8 M

Cincinnati Bell Cash, 30-Sept-20196.5 M

Cincinnati Bell EV394 M

Cincinnati Bell revenue was $1.38 b in FY, 2018 which is a 7% year over year increase from the previous period.

Cincinnati Bell revenue breakdown by business segment: 13.1% from Video, 7.8% from Infrastructure Solutions, 17.4% from Voice, 28.7% from Data, 11.8% from Consulting, 7.0% from Cloud, 12.7% from Communications and 1.6% from Other

USD | FY, 2016 | FY, 2017 | FY, 2018 |
---|---|---|---|

## Revenue | 1.2b | 1.3b | 1.4b |

| (13%) | 9% | 7% |

## Cost of goods sold | 678.9m | 761.3m | 698.7m |

## Gross profit | 506.9m | 527.2m | 679.5m |

| 43% | 41% | 49% |

## General and administrative expense | 218.7m | 240.9m | 313.4m |

## Operating expense total | 413.9m | 489.1m | 596.2m |

## Depreciation and amortization | 182.2m | 193.0m | 252.0m |

## EBIT | 93.0m | 38.1m | 83.3m |

| 8% | 3% | 6% |

## Interest expense | 75.7m | 85.2m | 131.5m |

## Pre tax profit | 162.9m | 66.0m | (60.4m) |

## Income tax expense | 61.1m | 30.9m | 9.4m |

## Net Income | 102.1m | 35.1m | (69.8m) |

USD | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 |
---|---|---|---|---|---|---|---|---|---|

## Revenue | 278.2m | 294.0m | 289.2m | 295.7m | 296.8m | 386.7m | 379.6m | 384.2m | 382.5m |

## Cost of goods sold | 154.8m | 165.4m | 162.6m | 149.4m | 152.3m | 197.7m | 197.7m | 195.5m | 194.7m |

## Gross profit | 123.4m | 128.6m | 126.6m | 146.3m | 144.5m | 189.0m | 181.9m | 188.7m | 187.8m |

| 44% | 44% | 44% | 49% | 49% | 49% | 48% | 49% | 49% |

## General and administrative expense | 56.7m | 55.4m | 54.5m | 68.4m | 66.1m | 85.7m | 86.1m | 87.2m | |

## Operating expense total | 128.7m | 107.7m | 113.9m | 122.1m | 124.3m | 174.5m | 283.4m | 163.8m | 165.0m |

## Depreciation and amortization | 45.8m | 47.0m | 47.3m | 51.2m | 50.9m | 75.5m | 79.4m | 74.2m | 75.5m |

## EBIT | (5.3m) | 20.9m | 12.7m | 24.2m | 20.2m | 14.5m | 10.1m | 24.9m | 22.8m |

| (2%) | 7% | 4% | 8% | 7% | 4% | 3% | 6% | 6% |

## Interest expense | 18.0m | 18.1m | 18.8m | 30.8m | 31.8m | 33.7m | 35.1m | 34.9m | |

## Pre tax profit | 94.8m | 3.4m | (10.6m) | (9.5m) | (15.3m) | (21.0m) | (26.6m) | (13.1m) | (15.5m) |

## Income tax expense | 34.4m | 1.3m | 600.0k | (1.2m) | (1.5m) | (3.3m) | 300.0k | (7.6m) | (1.9m) |

## Net Income | 60.4m | 2.1m | (11.2m) | (8.3m) | (13.8m) | (17.7m) | (26.9m) | (5.5m) | (13.6m) |

USD | FY, 2016 | FY, 2017 | FY, 2018 |
---|---|---|---|

## Cash | 9.7m | 17.8m | 15.4m |

## Accounts Receivable | 178.6m | 239.8m | 342.8m |

## Prepaid Expenses | 15.0m | 22.2m | 30.7m |

## Inventories | 22.7m | 44.3m | 46.5m |

## Current Assets | 229.9m | 710.4m | 445.9m |

## PP&E | 1.1b | 1.1b | 1.8b |

## Goodwill | 14.3m | 151.0m | 157.0m |

## Total Assets | 1.5b | 2.2b | 2.7b |

## Accounts Payable | 105.9m | 185.6m | 331.9m |

## Short-term debt | 7.5m | 18.4m | 20.2m |

## Current Liabilities | 232.9m | 357.3m | 541.7m |

## Long-term debt | 1.2b | 1.7b | 1.9b |

## Total Debt | 1.2b | 1.7b | 1.9b |

## Total Liabilities | 1.7b | 2.3b | 2.8b |

## Common Stock | 400.0k | 400.0k | 500.0k |

## Preferred Stock | 129.4m | 129.4m | 129.4m |

## Additional Paid-in Capital | 2.6b | 2.6b | 2.7b |

## Retained Earnings | (2.7b) | (2.7b) | (2.7b) |

## Total Equity | (121.7m) | (117.9m) | (75.0m) |

## EPS | 2.2 | 0.6 | (1.7) |

## Debt to Equity Ratio | -9.9 x | -14.8 x | -25.7 x |

## Debt to Assets Ratio | 0.8 x | 0.8 x | 0.7 x |

## Financial Leverage | -12.7 x | -18.6 x | -36.4 x |

USD | FY, 2016 | FY, 2017 | FY, 2018 |
---|---|---|---|

## Net Income | 102.1m | 35.1m | (69.8m) |

## Depreciation and Amortization | 182.2m | 193.0m | 252.0m |

## Accounts Receivable | (18.3m) | 21.3m | (83.1m) |

## Inventories | (6.2m) | (16.6m) | 2.2m |

## Accounts Payable | (13.1m) | 22.4m | 95.1m |

## Cash From Operating Activities | 173.2m | 203.4m | 214.7m |

## Cash From Investing Activities | (95.5m) | (236.8m) | (437.4m) |

## Short-term Borrowings | (89.5m) | 194.6m | |

## Long-term Borrowings | (759.3m) | (403.0m) | (328.7m) |

## Dividends Paid | (10.4m) | (10.4m) | (10.4m) |

## Cash From Financing Activities | (75.4m) | 420.2m | (158.1m) |

## Net Change in Cash | 2.3m | 386.8m | (381.1m) |

## Free Cash Flow | (113.2m) | (7.1m) | (5.9m) |

USD | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 |
---|---|---|---|---|---|---|---|---|---|

## Net Income | 60.4m | 62.5m | 51.3m | (8.3m) | (22.1m) | (39.8m) | (26.9m) | (32.4m) | |

## Depreciation and Amortization | 45.8m | 92.8m | 140.1m | 51.2m | 102.1m | 177.6m | 79.4m | 153.6m | 229.1m |

## Accounts Receivable | 14.6m | 25.4m | 20.8m | 6.5m | (2.8m) | (20.2m) | 82.3m | 71.5m | 82.4m |

## Inventories | (5.6m) | (5.9m) | (1.7m) | (4.4m) | 10.6m | 1.5m | 7.5m | 5.6m | |

## Accounts Payable | 5.8m | 9.9m | 2.4m | 3.6m | 3.0m | 16.4m | (74.8m) | (63.8m) | (76.4m) |

## Cash From Operating Activities | 53.9m | 122.9m | 156.8m | 58.5m | 89.9m | 122.8m | 56.8m | 118.8m | 188.9m |

## Purchases of PP&E | (167.3m) | ||||||||

## Cash From Investing Activities | 76.9m | 26.3m | (16.8m) | (35.6m) | (73.8m) | (357.6m) | (56.6m) | (110.6m) | |

## Short-term Borrowings | (89.5m) | (89.5m) | (89.5m) | (3.8m) | |||||

## Long-term Borrowings | (2.1m) | (4.2m) | (6.4m) | (3.0m) | (5.9m) | (324.3m) | (4.5m) | (9.2m) | (13.4m) |

## Dividends Paid | (2.6m) | (5.2m) | (7.8m) | (2.6m) | (5.2m) | (7.8m) | (2.6m) | (5.2m) | (7.8m) |

## Cash From Financing Activities | (95.8m) | (100.7m) | (106.0m) | (8.0m) | (15.6m) | (151.0m) | (11.8m) | (14.4m) | (30.9m) |

## Net Change in Cash | 35.0m | 48.5m | 34.0m | 15.7m | 300.0k | (385.9m) | (11.5m) | (6.1m) | (8.9m) |

## Free Cash Flow | (1.2m) | 17.7m | 8.6m | 25.8m | 18.9m | (17.9m) | 300.0k | 8.2m |

USD | Y, 2019 |
---|---|

## EV/EBIT | 17.3 x |

## EV/CFO | 2.1 x |

FY, 2016 | FY, 2017 | FY, 2018 | |
---|---|---|---|

## DSL (Cincinnati) | 105.60 k | 82.10 k | 72 k |

## DSL (Hawaii) | 48.70 k | ||

## Enternet Bandwidth, Gb (Cincinnati) | 3.37 m | 3.92 m | 4.57 m |

## Enternet Bandwidth, Gb (Hawaii) | 2.09 m | ||

## Fiber Route Miles | 9.60 k | 10.90 k | 16.50 k |

## Fiber Route Miles (Cincinnati) | 11.90 k | ||

## Fiber Route Miles (Hawaii) | 4.60 k | ||

## Internet FTTN Subscribers (Cincinnati) | 45.80 k | 47 k | 37.50 k |

## Internet FTTN Subscribers (Hawaii) | 14.30 k | ||

## Internet FTTP Subscribers (Cincinnati) | 151.80 k | 179.60 k | 201.50 k |

## Internet FTTP Subscribers (Hawaii) | 51.60 k | ||

## Internet Subscribers (Cincinnati) | 197.60 k | 226.60 k | 239 k |

## Internet Subscribers (Hawaii) | 659 k | ||

## Legacy Voice Lines (Cincinnati) | 308.20 k | 262 k | 226.20 k |

## Legacy Voice Lines (Hawaii) | 197.80 k | ||

## Units passed FTTN (Cincinnati) | 141.20 k | 140.90 k | 138.70 k |

## Units passed FTTN (Hawaii) | 73.50 k | ||

## Units passed FTTP (Cincinnati) | 392.20 k | 431.30 k | 472.30 k |

## Units passed FTTP (Hawaii) | 167 k | ||

## Video FTTN Subscribers (Cincinnati) | 29.60 k | 30 k | 24.90 k |

## Video FTTN Subscribers (Hawaii) | 15 k | ||

## Video FTTP Subscribers (Cincinnati) | 108 k | 116.50 k | 115 k |

## Video FTTP Subscribers (Hawaii) | 33.80 k | ||

## Video Subscribers (Cincinnati) | 137.60 k | 146.50 k | 139.90 k |

## Video Subscribers (Hawaii) | 48.80 k | ||

## Voice Subscribers (Cincinnati) | 96.20 k | 105.90 k | 107.60 k |

## Vouce Subscribers (Hawaii) | 30.30 k |