XML 18 R7.htm IDEA: XBRL DOCUMENT v3.4.0.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
€ in Millions, CAD in Millions, $ in Millions
9 Months Ended
Mar. 31, 2016
USD ($)
Mar. 31, 2015
USD ($)
Cash flows from operating activities    
Net loss $ (45.3) $ (160.4)
Adjustments to reconcile net loss to net cash provided by operating activities    
Depreciation and amortization 368.0 293.0
Loss on extinguishment of debt   85.8
Non-cash interest expense 9.1 16.3
Stock-based compensation 122.5 157.8
Amortization of deferred revenue (66.6) (52.9)
Additions to deferred revenue 145.4 123.6
Foreign currency loss on intercompany loans 28.9 41.2
Excess tax benefit from stock-based compensation (7.9)  
Deferred income taxes 14.3 (20.1)
Provision for bad debts 3.1 1.3
Non-cash loss on investments 1.2 0.5
Changes in operating assets and liabilities, net of acquisitions    
Trade receivables 15.3 (18.5)
Prepaid expenses 20.3 (3.5)
Payables to/(from) related parties, net 0.5  
Accounts payable and accrued liabilities (44.7) (46.4)
Other assets and liabilities (26.3) (7.3)
Net cash provided by operating activities 537.8 410.4
Cash flows from investing activities    
Purchases of property and equipment (516.7) (374.9)
Other   (0.1)
Net cash used in investing activities (933.7) (1,232.2)
Cash flows from financing activities    
Proceeds from equity offerings and contributions   413.7
Direct costs associated with initial public offering   (26.5)
Proceeds from debt 395.2 1,437.3
Principal payments on long-term debt (13.4) (939.8)
Payment of early redemption fees on debt extinguished   (62.6)
Principal payments on capital lease obligations (3.3) (2.4)
Payment of debt issuance costs (2.9) (18.8)
Common stock repurchases (81.1)  
Excess tax benefit from stock-based compensation 7.9  
Net cash provided by/(used in) financing activities 302.4 800.9
Net cash flows (93.5) (20.9)
Effect of changes in foreign exchange rates on cash 0.1 (2.8)
Net increase/(decrease) in cash and cash equivalents (93.4) (23.7)
Cash and cash equivalents, beginning of year 308.6 297.4
Cash and cash equivalents, end of period 215.2 273.7
Supplemental disclosure of non-cash investing and financing activities:    
Cash paid for interest, net of capitalized interest 145.0 176.9
Cash paid for income taxes 11.4 12.7
Non-cash purchases of equipment through capital leasing 5.9 6.2
Increase in accounts payable and accrued expenses for purchases of property and equipment 26.2 8.6
Allstream    
Cash flows from investing activities    
Acquisition, net of cash acquired (297.6)  
Viatel    
Cash flows from investing activities    
Acquisition, net of cash acquired (102.7)  
Dallas Data Center    
Cash flows from investing activities    
Acquisition, net of cash acquired $ (16.7)  
Latisys Holdings, LLC    
Cash flows from investing activities    
Acquisition, net of cash acquired   (677.5)
Ideatek Systems, Inc    
Cash flows from investing activities    
Acquisition, net of cash acquired   (53.6)
Neo Telecoms    
Cash flows from investing activities    
Acquisition, net of cash acquired   (73.9)
Atlanta NAP    
Cash flows from investing activities    
Acquisition, net of cash acquired   (52.5)
CoreXchange    
Cash flows from investing activities    
Acquisition, net of cash acquired   $ 0.3