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These excerpts taken from the CBB 10-Q filed May 7, 2009. Revenue Voice local service revenue includes local service, value added services, switched access and information services. Voice revenue decreased in the three months ended March 31, 2009 versus the same period in 2008 primarily as a result of a 7% decrease in access lines. Access lines within the segment’s ILEC territory decreased by 63,900 or 8%, from 756,200 at March 31, 2008 to 692,300 at March 31, 2009. The access line loss resulted from several factors including customers electing to use wireless communication in lieu of the traditional local service, Company-initiated disconnections of customers with credit problems, and customers electing to use service from other providers. The Company has partially offset its access line loss in its ILEC territory by continuing to target voice services to residential and business customers in its CLEC territory. The Company had approximately 73,000 CLEC access lines at March 31, 2009, which is a 13% increase from March 31, 2008. Data revenue consists of data transport, high-speed internet access (“DSL”), dial-up internet access, digital trunking, and local area network interconnection services. Data revenue increased $2.6 million for the three months ended March 31, 2009 compared to the same period a year ago, primarily due to increased data transport usage by third party users. Long distance and VoIP revenue decreased slightly for the three months ended March 31, 2009 as compared to the same period in 2008. The decrease was due to lower minutes of use for long-distance and audio conferencing which caused a $2.6 million decrease in revenue. The decrease in long distance lines was due to a 5% decline in residential lines partially offset by a 1% increase in business subscribers. The decrease was partially offset by an increase in revenue from VoIP and broadband services and from the acquisition of eGIX Inc. in February 2008. Revenue Service revenue decreased by $0.8 million in the first quarter of 2009 as compared to last year primarily due to the following:
Equipment revenue for the three months ended March 31, 2009 decreased $1.4 million compared to last year primarily due to lower handset revenue per unit to attract new customers and retain existing customers.
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Revenue Revenue from telecom and IT equipment distribution represents the sale, installation and maintenance of major, branded IT and telephony equipment. Revenue decreased by $18.6 million in the first quarter of 2009, as compared to the same period a year ago, primarily due to lower telephony and IT equipment sales related to the decline in the economy. Data center and managed services revenue consists of recurring collocation rents from customers residing in the Company’s data centers, managed VoIP solutions, and IT services that include network management, electronic data storage, disaster recovery, and data security management. Revenue increased $5.2 million for the first quarter of 2009, as compared to the same period a year ago, primarily due to increased product penetration within managed services and increased billable data center space. Professional services revenue consists of long-term and short-term IT outsourcing and consulting engagements. Revenue for the three months ended March 31, 2009 increased by $1.8 million compared to the same period in 2008. The Company has expanded its team of recruiting and hiring personnel in order to focus on selling these outsourcing and consulting engagements.
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These excerpts taken from the CBB 10-K filed Feb 27, 2009. Revenue Voice local service revenue includes local service, value added services, switched access, and information services. Voice revenue decreased in 2008 compared to 2007 primarily as a result of a 7% decrease in access lines. Access lines within the segment’s ILEC territory decreased by 63,500, or 8%, from 772,000 at December 31, 2007 to 708,500 at December 31, 2008. The Company believes the access line loss resulted from several factors including customers electing to use wireless communication in lieu of the traditional local service, Company-initiated disconnections of customers with credit problems, and customers electing to use service from other providers. The Company has partially offset its access line loss in its ILEC territory by continuing to target voice services to residential and business customers in its CLEC territory. The Company had approximately 71,200 CLEC access lines at December 31, 2008, which is a 14% increase from December 31, 2007. Data revenue consists of data transport, high-speed internet access (“DSL”), dial-up internet access, digital trunking, and Local Area Network (“LAN”) interconnection services. Data revenue increased $14.9 million for the year ended December 31, 2008 compared to the same period a year ago. The increase primarily resulted from higher data transport revenue and DSL revenue. Data transport revenues increased by $10.4 million for the year ended December 31, 2008 compared to the same period a year ago primarily due to increased usage by third party users. Data revenue also increased by an additional $5.3 million for the year ended December 31, 2008 compared to the prior year period primarily due to an increase in DSL subscribers of 11,700, bringing total DSL subscribers to 233,200 at December 31, 2008. Long distance and VoIP revenue increased $19.0 million in 2008 compared to 2007. The increase was primarily due to the acquisition of eGIX, which generated revenue of $13.0 million during 2008. The remaining increase was primarily due to an increase in minutes of use for long distance, VoIP and new broadband services including private line and MPLS. The Company had 531,600 subscribed long distance access lines as of December 31, 2008 compared to 548,300 as of December 31, 2007. The decrease in subscribers was due to a 6% decline in residential lines, consistent with the access line loss, partially offset by a 3% increase in business subscribers. Other revenue decreased $8.7 million from 2007 due to lower revenue on customer premise wiring projects, $9.5 million of which came from a large one-time business customer project in 2007. Revenue Voice revenue decreased in 2007 compared to 2006 primarily as a result of a 6% decrease in access lines. Access lines within the segment’s ILEC territory decreased by 64,700, or 8%, from 836,700 at December 31, 2006 to 772,000 at December 31, 2007. The Company believes the access line loss resulted from several factors including customers electing to use wireless communication in lieu of the traditional local service, Company-initiated disconnections of customers with credit problems, and customers electing to use service from other providers. The Company has partially offset its access line loss in its ILEC territory by continuing to target voice services to residential and business customers in its CLEC territory. The Company had approximately 62,300 CLEC access lines at December 31, 2007, which is a 24% increase from December 31, 2006. The increase in data revenue of $20.4 million in 2007 compared to 2006 is mainly due to higher DSL and data transport revenue. An increase in DSL subscribers contributed an additional $12.5 million of revenue in 2007 versus 2006. The number of DSL subscribers increased by 23,200 subscribers during 2007 to bring total subscribers to 221,500. Data transport revenues increased by $7.7 million for 2007 compared to 2006, primarily due to increased usage by CBW and third party users. Long distance revenue increased $7.5 million in 2007 compared to 2006. The increase was primarily due to higher minutes of use for both long distance and audio conferencing, as well as increased revenue from the Company’s VoIP product, which the Company began offering in mid-2006. The Company had approximately 548,300 subscribed long distance access lines as of December 31, 2007 compared to 552,300 as of December 31, 2006. The decrease in subscribers was due to a 5% decline in residential lines, consistent with the access line loss, partially offset by a 10% increase in business subscribers. Other revenue increased $14.9 million from 2006 due to increased revenue on customer premise wiring projects, $9.5 million of which came from a large one-time business customer project, and cable TV revenue due to the purchase of a local telecommunications business. Revenue Service revenue increased by $23.0 million during 2008 as compared to last year primarily due to the following:
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Equipment revenue for 2008 decreased slightly from $27.0 million in 2007 to $25.6 million in 2008 primarily due to lower handset revenue per unit and lower prepaid subscriber activations. Revenue Service revenue increased by $31.8 million in 2007 as compared to 2006 primarily due to the following:
Equipment revenue for 2007 increased $0.7 million as compared to 2006 primarily due to revenue increases per handset sale. Revenue Service
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Equipment revenue for 2008 SIZE="2">Costs and Expenses Cost of services and products consists largely of network operation costs, interconnection expenses with SIZE="2">Selling, general and administrative expenses increased $2.5 million for 2008 compared to 2007, primarily due to an increase in bad debt expense.
Revenue Revenue from telecom and IT equipment distribution represents the sale, installation, and maintenance of major, branded IT and telephony equipment. Revenue from telecom and IT equipment distribution increased by $20.4 million in 2008 versus 2007 primarily as a result of increased equipment sales of $21.7 million partially offset by lower installation and maintenance services. Data center and managed services revenue consists of recurring collocation rents from customers residing in the Company’s data centers, managed VoIP Solutions, and IT services that include network management, electronic data storage, disaster recovery and data security management. Revenue increased $30.1 million in 2008 as compared to 2007 primarily due to increased product penetration within managed services and increased billable data center space. Data center billed utilization at December 31, 2008 was 88% on approximately
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209,000 square feet of data center capacity compared to billed utilization of 93% on approximately 144,000 square feet of data center capacity at December 31, 2007. Substantially all of the Technology Solutions capital expenditures in 2008 were to build data center capacity. The Company intends to continue to pursue additional customers and growth in its data center business, and is prepared to commit additional resources, including capital expenditures and working capital, to support this growth. Professional services revenue consists of long-term and short-term IT outsourcing and consulting engagements. Revenue for 2008 increased by $6.4 million compared to 2007. The Company has expanded its team of recruiting and hiring personnel in order to focus on selling these outsourcing and consulting engagements. Revenue Revenue from telecom and IT equipment distribution increased by $18.6 million in 2007 versus 2006 primarily as a result of increased equipment sales of $15.6 million and higher installation and maintenance services. Data center and managed services revenue increased $20.2 million in 2007 as compared to 2006 primarily due to increased product penetration within managed services and increased billable data center space. Data center billed utilization at December 31, 2007 was 93% on 144,000 square feet of billable data center capacity, including 13,000 square feet due to the acquisition of GramTel, compared to a billed utilization rate of 91% on 91,000 square feet of billable data center capacity at December 31, 2006. Professional services revenue increased by $2.9 million compared to 2006. Early in 2007, the Company expanded its team of recruiting and hiring personnel in order to focus on selling these outsourcing and consulting engagements. Revenue $15.6 million and higher installation and maintenance services. Data center and managed services revenue increased $20.2 million in 2007 as in order to focus on selling these outsourcing and consulting engagements. This excerpt taken from the CBB 10-Q filed Oct 31, 2008. Revenue Revenue from telecom and IT equipment distribution represents the sale, installation and maintenance of major, branded IT and telephony equipment. Revenue decreased by $9.8 million in the third quarter of 2008 and increased by $17.9 million for the nine months ended September 30, 2008 as compared to the same periods a year ago. The decrease in the third quarter of 2008 was primarily due to lower telephony and IT equipment sales. The increase for the nine months ending September 30, 2008 was due to increased telephony and IT equipment sales of $18.7 million partially offset by lower installation and maintenance services. Data center and managed services revenue consists of recurring collocation payments from customers residing in the Company’s data centers, managed VoIP solutions, and IT services that include network management, electronic data storage, disaster recovery, and data security management. Revenue increased $7.2 million for the third quarter of 2008 and $24.0 million for the nine months ended September 30, 2008 as compared to the same periods a year ago primarily due to increased product penetration within managed services and increased billable data center space. Data center billed utilization was 88% on approximately 202,000 square feet of data center capacity at September 30, 2008, which includes 22,000 square feet of data center capacity obtained through the acquisition of GramTel, compared to billed utilization of 84% on approximately 135,000 square feet of data center capacity at September 30, 2007. The Company intends to continue to pursue additional customers and growth in its data center business, for which the Company is prepared to commit resources, including capital expenditures and working capital, to support this growth.
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Professional services revenue consists of long-term and short-term IT outsourcing and consulting engagements. Revenue for the three and nine months ended September 30, 2008 increased by $1.8 million and $4.5 million compared to the same periods in 2007. The Company has expanded its team of recruiting and hiring personnel in order to focus on selling these outsourcing and consulting engagements. This excerpt taken from the CBB 10-Q filed Jul 31, 2008. Revenue Revenue from telecom and IT equipment distribution represents the sale, installation and maintenance of major, branded IT and telephony equipment. Revenue increased by $10.4 million in the second quarter of 2008 and $27.7 million for the six months ended June 30, 2008 as compared to the same periods a year ago. The increase primarily was due to higher telephony and IT equipment sales of $10.7 million in the second quarter of 2008 and $28.7 million for the six months ended June 30, 2008 partially offset by lower installation and maintenance services. Data center and managed services revenue consists of recurring collocation payments from customers residing in the Company’s data centers, managed VoIP solutions, and IT services that include network management, electronic data storage, disaster recovery, and data security management. Revenue increased $9.5 million for the second quarter of 2008 and $16.8 million for the six months ended June 30, 2008 as compared to the same periods a year ago primarily due to increased product penetration within managed services and increased billable data center space. Data center billed utilization was 87% on approximately 202,000 square feet of data center capacity at June 30, 2008, which includes 22,000 square feet of GramTel data center capacity, compared to billed utilization of 96% on approximately 111,000 square feet of data center capacity at June 30, 2007. The Company intends to continue to pursue additional customers and growth in its data center business, for which the Company is prepared to commit resources, including capital expenditures and working capital, to support this growth.
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Professional services revenue consists of long-term and short-term IT outsourcing and consulting engagements. Revenue for the three and six months ended June 30, 2008 increased by $1.1 million and $2.7 million compared to the same periods in 2007. The Company has expanded its team of recruiting and hiring personnel in order to focus on selling these outsourcing and consulting engagements. This excerpt taken from the CBB 10-Q filed May 6, 2008. Revenue Revenue from telecom and IT equipment distribution represents the sale, installation and maintenance of major, branded IT and telephony equipment. Revenue increased by $17.3 million in the first quarter of 2008 versus 2007 mainly due to an increase in telephony and IT equipment sales of $18.0 million offset by lower installation and maintenance services of $0.7 million. Data center and managed services revenue consists of recurring collocation payments from customers residing in the Company’s data centers, managed VoIP Solutions and IT services that include network management, electronic data storage, disaster recovery, and data security management. Revenue increased $7.3 million for the first quarter of 2008 as compared to the same period a year ago primarily due to increased product penetration within managed services and increased billable data center space. Data center billed utilization was 85% on approximately 182,000 square feet of data center capacity at March 31, 2008, which includes 13,000 square feet of data center capacity obtained through the acquisition of GramTel, compared to billed utilization of 95% on approximately 91,000 square feet of data center capacity at March 31, 2007. The Company intends to continue to pursue additional customers and growth in its data center business, for which the Company is prepared to commit resources, including capital expenditures and working capital, to support this growth. Professional services revenue consists of long-term and short-term IT outsourcing and consulting engagements. Revenue for the three months ended March 31, 2008 increased by $1.6 million compared to the same period in 2007. Early in 2007, the Company expanded its team of recruiting and hiring personnel in order to focus on selling these outsourcing and consulting engagements.
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This excerpt taken from the CBB 10-K filed Feb 26, 2008. Revenue Revenue from telecom and IT equipment distribution increased by $35.5 million in 2006 versus 2005 mainly due to the addition of new products for resale and the acquisition of ATI. See Note 5 to Consolidated Financial Statements. Data center and managed services revenue increased $10.3 million versus 2005 mainly due to both increased product penetration within managed services and increased billable data center space. CBTS had a billed utilization rate of 91% with approximately 91,000 square feet of billable data center capacity at December 31, 2006 compared to a billed utilization rate of 99% with approximately 71,000 square feet of billable data center capacity at December 31, 2005. Professional services revenue declined by $1.9 million versus 2005 mainly due to the transfer of the Company’s internal IT support group to CBT and a pricing decrease associated with the renegotiation of a major long-term contract. This excerpt taken from the CBB 10-Q filed Nov 6, 2007. Revenue Revenue from telecom and IT equipment distribution represents the sale, installation and maintenance of major, branded IT and telephony equipment. Revenue increased by $10.3 million in the third quarter of 2007 versus 2006 mainly due to an increase in telephony and IT equipment sales. For the nine months ended September 30, 2007, revenue increased $10.6 million due to an increase in telephony and IT equipment and hardware sales of $7.4 million, higher installation and maintenance services of $1.8 million and due to the acquisition of Automated Telecom Inc. (“ATI”) in May 2006. Data center and managed services revenue consists of recurring collocation rents and IT services that include network management, electronic data storage, disaster recovery, and data security management. Revenue increased $5.6 million for the third quarter of 2007 and $13.5 million for the nine months ended September 30, 2007 as compared to the same periods a year ago primarily due to increased product penetration within managed services and increased billable data center space. Data center billed utilization was 84% on approximately 135,000 square feet of data center capacity at September 30, 2007 compared to billed utilization of 99% on approximately 80,000 square feet of data center capacity at September 30, 2006. The Company intends to continue to pursue additional customers and growth in its data center business, for which the Company is prepared to commit resources, including capital expenditures and working capital, to support this growth. Professional services revenue consists of long-term and short-term IT outsourcing and consulting engagements. Revenue for the three and nine months ended September 30, 2007 increased by $0.9 million and $1.7 million, respectively, compared to the same periods in 2006. Early in 2007, the Company expanded its team of recruiting and hiring personnel in order to focus upon selling these outsourcing and consulting engagements. This excerpt taken from the CBB 10-Q filed Aug 7, 2007. Revenue Revenue from telecom and IT equipment distribution represents the sale, installation and maintenance of major, branded IT and telephony equipment. Revenue decreased by $5.6 million in the second quarter of 2007 versus 2006 mainly due to a decrease of $6.7 million in telephony equipment and hardware sales partially offset by higher installation and maintenance services. For the six months ended June 30, 2007, revenue increased by $0.3 million due to higher installation and maintenance services of $1.5 million and an increase due to the acquisition of Automated Telecom Inc. (“ATI”) in May 2006, partially offset by a $2.8 million decline in telephony equipment and hardware sales. Data center and managed services revenue consists of recurring collocation rents and IT services that include network management, electronic data storage, disaster recovery, and data security management. Revenue increased $4.1 million for the second quarter of 2007 and $7.9 million for the six months ended June 30, 2007 as compared to the same periods a year ago mainly due to increased product penetration within managed services and increased billable data center space. Data center billed utilization was 96% on approximately 111,000 square feet of data center capacity at June 30, 2007 compared to billed utilization of 99% on approximately 71,000 square feet of data center capacity at June 30, 2006. The Company intends to continue to pursue additional customers and growth in its data center business, for which the Company is prepared to commit resources, including capital expenditures and working capital, to support this growth. Professional services revenue consists of long-term and short-term IT outsourcing and consulting engagements. Revenue for the three and six months ended June 30, 2007 increased by $0.8 million compared to the same periods in 2006. In the first half of 2007, the Company took initiative to grow this revenue by expanding its team of recruiting and hiring personnel for these outsourcing and consulting engagements. This excerpt taken from the CBB 10-Q filed May 10, 2007. Revenue Revenue increased $0.7 million in the first quarter of 2007 as compared to last year primarily as a result of CBAD, which increased $0.8 million. The increase was due primarily to a 13% increase in minutes of use as compared to the first quarter of 2006, higher audio conference revenue due to a 27% increase in minutes of use and increased Voice Over Internet Protocol (“VoIP”) revenue, which CBAD launched in mid 2006. CBAD had approximately 554,000 subscribed access lines as of March 31, 2007 in the Cincinnati and Dayton, Ohio operating areas compared to 561,000 subscribed access lines as of March 31, 2006. The decrease in subscribers related to a 4% decline in residential lines partially offset by a 5% increase in business subscribers. This excerpt taken from the CBB 10-Q filed Nov 8, 2006. Revenue Cincinnati Bell Any Distance Inc. (“CBAD”) revenue increased $0.5 million in the third quarter of 2006 and $2.0 million for the nine months ended September 30, 2006 versus the comparable prior year periods. The increase in both periods relates to a 5% increase in business subscribers partially offset by a 5% decline in residential lines. CBAD had approximately 556,000 subscribed access lines as of September 30, 2006 in the Cincinnati and Dayton, Ohio operating areas compared to 567,000 subscribed access lines as of September 30, 2005. Revenue for the third quarter and nine months ended September 30, 2006 from Cincinnati Bell Complete Protection Inc. (“CBCP”) was $0.2 million and $0.4 million favorable compared to the same periods a year ago, respectively. Public revenue decreased $0.4 million in the third quarter of 2006 and $1.5 million for the nine months ended September 30, 2006 compared to the same periods last year as usage of payphones continues to decrease in favor of wireless products. This excerpt taken from the CBB 10-Q filed Aug 8, 2006. Revenue Cincinnati Bell Any Distance Inc. (“CBAD”) revenue increased $0.7 million in the second quarter of 2006 and $1.5 million for the six months ended June 30, 2006 compared to the same prior year periods. The increase in both periods relates to an increase in business subscribers. Compared to the second quarter of 2005, total subscribed access lines decreased slightly as a 6% increase in business lines was more than offset by a decline in residential lines. CBAD had approximately 559,000 subscribed access lines as of June 30, 2006 in the Cincinnati and Dayton, Ohio operating areas. Revenue for the second quarter and six months ended June 30, 2006 from Cincinnati Bell Complete Protection Inc. (“CBCP”) was slightly favorable compared to the same periods a year ago. Public revenue decreased $0.7 million in the second quarter of 2006 and $1.1 million for the six months ended June 30, 2006 compared to the same periods last year. This excerpt taken from the CBB 10-Q filed May 10, 2006. Revenue Other segment revenue increased slightly in the first quarter of 2006 compared to the same period in 2005. CBAD’s revenue increased $0.9 million, or 5%, in the first quarter of 2006 compared to the first quarter of 2005. The increase relates to an increase in business subscribers. As compared to the first quarter of 2005, total subscribed access lines decreased slightly as an 8% increase in business lines partially offset a decrease in residential lines. CBAD had approximately 561,000 subscribed access lines as of March 31, 2006 in the Cincinnati and Dayton, Ohio operating areas. Revenue for the first quarter of 2006 from Cincinnati Bell Complete Protection Inc. (“CBCP”) was consistent with the first quarter of 2005, and Public revenue decreased $0.4 million in the first quarter of 2006 compared to the first quarter of 2005 as the population continues to increase the use of wireless services over payphones. This excerpt taken from the CBB 10-Q filed Nov 9, 2005. Revenue
Other segment revenue decreased slightly in the third quarter of 2005 compared to the same period in 2004. Revenue remained relatively flat at $58 million for the nine months ended September 30, 2005 compared to the same period in 2004.
CBAD’s revenue increased $1.0 million, or 6%, in the third quarter of 2005 compared to the third quarter of 2004 and increased $5.4 million, or 11%, for the nine months ended September 30, 2005 compared to the same period in 2004. The majority of the increases relate to business products such as dedicated access and audio conferencing. The remaining increases are the result of subscribed access lines, which were flat in the
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third quarter as compared to the prior year and have increased $1.0 million during the nine months ended September 30, 2005 compared to the same period in 2004. Usage increases from the growth of unlimited long distance plans within the Company’s service bundles are the primary reason for this growth. CBAD had 567,000 subscribed access lines as of September 30, 2005 in the Cincinnati and Dayton, Ohio operating areas. The Company’s market share has increased as a function of the Local segment’s lines in service for which a long distance carrier has been chosen for residential and business access lines. CBAD’s residential and business market share in Cincinnati increased in the third quarter of 2005 to approximately 80% and 51%, respectively, from 74% and 47%, respectively, at September 30, 2004.
CBCP and Public’s revenue decreased $2.0 million in the third quarter of 2005 and $5.6 million in the nine months ended September 30, 2005 compared to the same periods in 2004 due to the Company’s sale or exiting of businesses as noted above.
This excerpt taken from the CBB 10-Q filed Aug 9, 2005. Revenue
Other segment revenue of $19.6 million in the second quarter of 2005 increased $0.6 million, or 3%, compared to the second quarter of 2004. Revenue of $38.7 million for the first six months of 2005 increased $0.9 million, or 2%, compared to the same period in 2004.
CBAD’s revenue increased $2.2 million, or 14%, in the second quarter of 2005 compared to the second quarter of 2004 and increased $4.4 million, or 14%, for the first six months of 2005 compared to the same period in 2004. Approximately 50% of the increases relate to business products such as dedicated access and
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CBCP and Public’s revenue decreased $1.6 million in the second quarter of 2005 and $3.5 million in the first six months of 2005 compared to the same periods in 2004 due to the Company’s sale or exiting of businesses as noted above.
This excerpt taken from the CBB 10-Q filed May 10, 2005. Revenue
Other segment revenue of $19.0 million in the first three months of 2005 increased $0.2 million, or 1%, compared to 2004.
CBAD’s revenue increased $2 million, or 14%, in the first three months of 2005 compared to the first three months of 2004 primarily due to a 5% increase in lines in service and related increase in minutes of use, and an increase in audio conferencing revenue. CBAD had 565,000 subscribed access lines as of March 31, 2005 in the Cincinnati and Dayton, Ohio operating areas. The Company’s market share has increased as a function of the Local segment’s lines in service for which a long distance carrier has been chosen for residential and business access lines. CBAD’s residential and business market share increased in the first three months of 2005 to approximately 77% and 49%, respectively, from 72% and 46%, respectively, at March 31, 2004. CBCP’s revenue remained flat and Public revenue decreased $1.9 million, or 65%, in the first three months of 2005 compared to the first three months of 2004 due to the Company’s sale of its payphone assets located at correctional institutions and those outside of the Company’s operating area.
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