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Segment Reporting (Tables)
6 Months Ended
Dec. 31, 2015
Segment Reporting [Abstract]  
Summary of Financial Information by Segments

The Company’s computation of Segment Adjusted EBITDA may not be comparable to other similarly titled measures computed by other companies because all companies do not calculate segment Adjusted EBITDA in the same fashion.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of and for the Three months ended  December 31, 2015

 

 

    

Dark Fiber
Solutions

    

Network
Connectivity

    

Colocation and Cloud
Infrastructure

    

Other

    

Corp/
Eliminations

    

Total

 

 

 

(in millions)

 

Revenue from external customers

  

$

137.7

 

$

168.7

 

$

58.5

 

$

4.7

 

$

 —

 

$

369.6

 

Segment Adjusted EBITDA

  

 

99.1

 

 

89.9

 

 

29.0

 

 

0.9

 

 

 —

 

 

218.9

 

Total assets

  

 

3,078.3

 

 

1,900.7

 

 

1,027.2

 

 

34.4

 

 

232.9

 

 

6,273.5

 

Capital expenditures

  

 

109.2

 

 

48.1

 

 

15.1

 

 

 —

 

 

 —

 

 

172.4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of and for the Six months ended December 31, 2015

 

 

    

Dark Fiber

Solutions

    

Network
Connectivity

    

Colocation and Cloud
Infrastructure

    

Other

    

Corp/
Eliminations

    

Total

 

 

 

(in millions)

 

Revenue from external customers

  

$

272.7

 

$

335.7

 

$

116.8

 

$

11.2

 

$

 —

 

$

736.4

 

Segment Adjusted EBITDA

  

 

195.7

 

 

178.6

 

 

57.4

 

 

2.6

 

 

 —

 

 

434.3

 

Capital expenditures

  

 

202.7

 

 

94.8

 

 

34.1

 

 

 —

 

 

 —

 

 

331.6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

As of and for the Three months ended  December 31, 2014

 

 

    

Dark Fiber

Solutions

    

Network
Connectivity

    

Colocation and Cloud
Infrastructure

    

Other

    

Corp/
Eliminations

    

Total

 

 

 

(in millions)

 

Revenue from external customers

  

$

129.7

 

$

161.7

 

$

27.0

 

$

5.5

 

$

 —

  

$

323.9

 

Segment Adjusted EBITDA

  

 

89.6

 

 

85.6

 

 

13.4

 

 

1.1

 

 

 —

  

 

189.7

 

Total assets

  

 

2,652.1

 

 

1,766.3

 

 

250.1

 

 

36.1

 

 

284.6

  

 

4,989.2

 

Capital expenditures

  

 

69.7

 

 

52.5

 

 

7.3

 

 

 —

 

 

 —

  

 

129.5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

As of and for the Six months ended December 31, 2014

 

 

    

Dark Fiber

Solutions

    

Network
Connectivity

    

Colocation and Cloud
Infrastructure

    

Other

    

Corp/
Eliminations

    

Total

 

 

 

(in millions)

 

Revenue from external customers

  

$

257.1

 

$

321.9

 

$

53.9

 

$

11.6

 

$

 —

  

$

644.5

 

Segment Adjusted EBITDA

  

 

174.8

 

 

168.7

 

 

26.7

 

 

2.5

 

 

 —

  

 

372.7

 

Capital expenditures

  

 

127.8

 

 

98.8

 

 

18.2

 

 

 —

 

 

 —

  

 

244.8

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

As of June 30, 2015

 

 

    

Dark Fiber

Solutions

    

Network
Connectivity

    

Colocation and Cloud
Infrastructure

    

Other

    

Corp/
Eliminations

    

Total

 

 

 

(in millions)

 

Total assets

  

$

2,830.1

 

$

1,807.7

 

$

1,032.6

 

$

35.0

 

$

389.2

  

$

6,094.6

 

 

Reconciliation from net earnings/(loss) to Adjusted EBITDA by segment and on a consolidated basis

Reconciliation from Total Segment Adjusted EBITDA to net loss from operations:

 

 

 

 

 

 

 

 

 

 

 

Three months ended  December 31, 

 

 

    

2015

    

2014

 

 

 

 

(in millions)

 

Total Segment Adjusted EBITDA

  

$

218.9

 

$

189.7

 

Interest expense

  

 

(51.2)

 

 

(53.4)

 

Depreciation and amortization expense

  

 

(113.7)

 

 

(96.9)

 

Transaction costs

  

 

(3.3)

 

 

(1.3)

 

Stock-based compensation

  

 

(42.9)

 

 

6.0

 

Loss on extinguishment of debt

 

 

 —

 

 

(30.9)

 

Unrealized foreign currency loss on intercompany loans

  

 

(7.1)

 

 

(13.3)

 

Non-cash loss on investments

 

 

(0.4)

 

 

(0.5)

 

Income/(loss) from operations before income taxes

 

$

0.3

 

$

(0.6)

 

 

 

 

 

 

 

 

 

 

 

 

 

Six months ended December 31, 

 

 

    

2015

    

2014

 

 

 

 

(in millions)

 

Total Segment Adjusted EBITDA

  

$

434.3

 

$

372.7

 

Interest expense

  

 

(105.0)

 

 

(100.3)

 

Depreciation and amortization expense

  

 

(230.8)

 

 

(192.9)

 

Transaction costs

  

 

(3.3)

 

 

(4.8)

 

Stock-based compensation

  

 

(89.0)

 

 

(117.1)

 

Loss on extinguishment of debt

 

 

 —

 

 

(30.9)

 

Unrealized foreign currency loss on intercompany loans

  

 

(17.8)

 

 

(27.9)

 

Non-cash loss on investments

 

 

(0.6)

 

 

(0.5)

 

Income/(loss) from operations before income taxes

 

$

(12.2)

 

$

(101.7)