Acquisitions (Tables)

9 Months Ended

Mar. 31, 2017

Acquisitions [Abstract]

Schedule of Acquisitions

The table below reflects the Company's estimates of the acquisition date fair values of the assets and liabilities assumed from its Fiscal 2017 acquisitions:

	Electric Lightwave		Santa Clara Data Center
Acquisition date	March 1, 2017		October 3, 2016
	(in millions)
Cash	$	12.5	$	—
Other current assets		56.0		—
Property and equipment		489.5		35.1
Deferred tax assets, net		49.7		—
Intangibles		312.2		2.8
Goodwill		625.2		—
Other assets		1.7		—
Total assets acquired		1,546.8		37.9
Current liabilities		56.7		—
Capital lease obligations		—		26.6
Deferred revenue		49.7		—
Other liabilities		1.2		—
Total liabilities assumed		107.6		26.6
Net assets acquired		1,439.2		11.3
Less cash acquired		(12.5)		—
Total consideration paid/payable	$	1,426.7	$	11.3

The table below reflects the Company's estimates of the acquisition date fair values of the assets and liabilities assumed from its Fiscal 2016 acquisitions:

	Clearview		Allstream		Viatel		Dallas Data Center
Acquisition date	April 1, 2016		January 15, 2016		December 31, 2015		December 31, 2015
		(in millions)
Cash	$	—	$	2.9	$	3.5	$	—
Other current assets		0.6		95.6		7.3		—
Property and equipment		17.1		266.3		174.0		12.2
Deferred tax assets, net		0.2		3.8		—		—
Intangibles		9.8		64.5		—		4.4
Goodwill		2.1		—		9.5		—
Other assets		0.3		4.5		2.0		—
Total assets acquired		30.1		437.6		196.3		16.6
Current liabilities		1.1		63.2		18.8		—
Deferred revenue		0.4		46.9		58.5		—
Deferred tax liability, net		—		—		8.6		—
Other liabilities		10.3		27.0		5.7		—
Total liabilities assumed		11.8		137.1		91.6		—
Net assets acquired		18.3		300.5		104.7		16.6
Less cash acquired		—		(2.9)		(3.5)		—
Net consideration paid	$	18.3	$	297.6	$	101.2	$	16.6

Schedule of Pro-Forma Financial Information

	Three Months Ended March 31,				Nine Months Ended March 31,
	2017		2016		2017		2016
	(in millions)
Revenue	$	635.6	$	640.2	$	1,912.0	$	1,910.2
Net income/(loss)	$	16.3	$	(26.0)	$	16.5	$	(84.8)