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Segment Reporting (Tables)
9 Months Ended
Mar. 31, 2017
Segment Reporting [Abstract]  
Summary of Financial Information by Segments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of and for the three months ended March 31, 2017

 

   

Fiber
Solutions

    

Transport

    

Enterprise Networks

    

zColo

    

Allstream

    

Other

    

Corp/
Eliminations

    

Total

 

 

(in millions)

Revenue from external customers

  

$

179.6

 

$

110.5

 

$

121.7

 

$

53.6

 

$

79.3

 

$

5.5

 

$

 —

 

$

550.2

Segment Adjusted EBITDA

  

 

137.6

 

 

45.7

 

 

46.6

 

 

28.7

 

 

22.0

 

 

1.4

 

 

 —

 

 

282.0

Capital expenditures

  

 

119.9

 

 

40.2

 

 

22.6

 

 

23.7

 

 

1.9

 

 

 —

 

 

 —

 

 

208.3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of and for the nine months ended March 31, 2017

 

    

Fiber
Solutions

    

Transport

    

Enterprise Networks

    

zColo

    

Allstream

    

Other

    

Corp/
Eliminations

    

Total

 

 

(in millions)

Revenue from external customers

  

$

531.2

 

$

323.0

 

$

350.8

 

$

157.3

 

$

185.4

 

$

14.1

 

$

 —

 

$

1,561.8

Segment Adjusted EBITDA

  

 

416.8

 

 

134.9

 

 

126.9

 

 

82.6

 

 

41.3

 

 

3.5

 

 

 —

 

 

806.0

Total assets

  

 

4,319.7

 

 

1,252.3

 

 

1,180.0

 

 

931.0

 

 

644.8

 

 

31.5

 

 

189.1

 

 

8,548.4

Capital expenditures

  

 

381.6

 

 

111.1

 

 

63.6

 

 

69.9

 

 

4.0

 

 

 —

 

 

 —

 

 

630.2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of and for the three months ended March 31, 2016

 

    

Fiber
Solutions

    

Transport

    

Enterprise Networks

 

zColo

 

Allstream

    

Other

    

Corp/
Eliminations

    

Total

 

 

(in millions)

Revenue from external customers

  

$

169.4

 

$

102.6

 

$

105.3

 

$

47.9

 

$

48.0

 

$

4.8

 

$

 —

 

$

478.0

Segment Adjusted EBITDA

  

 

131.3

 

 

42.5

 

 

37.4

 

 

24.2

 

 

6.1

 

 

1.3

 

 

 —

 

 

242.8

Capital expenditures

  

 

111.0

 

 

30.3

 

 

24.3

 

 

17.2

 

 

2.3

 

 

 —

 

 

 —

 

 

185.1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of and for the nine months ended March 31, 2016

 

    

Fiber
Solutions

    

Transport

    

Enterprise Networks

 

zColo

 

Allstream

    

Other

    

Corp/
Eliminations

    

Total

 

 

(in millions)

Revenue from external customers

  

$

476.6

 

$

284.4

 

$

244.4

 

$

145.0

 

$

48.0

 

$

16.0

 

$

 —

 

$

1,214.4

Segment Adjusted EBITDA

  

 

364.2

 

 

122.6

 

 

105.8

 

 

74.5

 

 

6.1

 

 

3.9

 

 

 —

 

 

677.1

Capital expenditures

  

 

315.1

 

 

90.1

 

 

63.7

 

 

45.5

 

 

2.3

 

 

 —

 

 

 —

 

 

516.7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of June 30, 2016

 

    

Fiber
Solutions

    

Transport

    

Enterprise Networks

 

zColo

 

Allstream

    

Other

    

Corp/
Eliminations

    

Total

 

 

(in millions)

Total assets

  

$

3,780.9

 

$

964.8

 

$

849.2

 

$

884.3

 

$

72.6

 

$

33.5

 

$

142.2

 

$

6,727.5

 

Reconciliation from Total Segment Adjusted EBITDA to income/(loss) from operations before taxes

 

 

 

 

 

 

 

 

 

For the three months ended March 31,

 

    

2017

    

2016

 

 

(in millions)

Total Segment Adjusted EBITDA

  

$

282.0

 

$

242.8

Interest expense

  

 

(63.0)

 

 

(57.7)

Depreciation and amortization expense

  

 

(155.7)

 

 

(137.2)

Transaction costs

  

 

(8.4)

 

 

(14.2)

Stock-based compensation

  

 

(26.5)

 

 

(33.5)

Loss on extinguishment of debt

 

 

(4.5)

 

 

 —

Foreign currency gain/(loss) on intercompany loans

  

 

3.9

 

 

(11.1)

Non-cash loss on investments

 

 

(0.2)

 

 

(0.6)

Income/(loss) from operations before income taxes

 

$

27.6

 

$

(11.5)

 

 

 

 

 

 

 

 

 

 

 

For the nine months ended March 31,

 

    

2017

    

2016

 

 

(in millions)

Total Segment Adjusted EBITDA

  

$

806.0

 

$

677.1

Interest expense

  

 

(170.0)

 

 

(162.7)

Depreciation and amortization expense

  

 

(425.6)

 

 

(368.0)

Transaction costs

  

 

(17.6)

 

 

(17.5)

Stock-based compensation

  

 

(93.0)

 

 

(122.5)

Loss on extinguishment of debt

 

 

(4.5)

 

 

 —

Foreign currency gain/(loss) on intercompany loans

  

 

(24.7)

 

 

(28.9)

Non-cash loss on investments

 

 

(0.7)

 

 

(1.2)

Income/(loss) from operations before income taxes

 

$

69.9

 

$

(23.7)