ACQUISITIONS AND DISPOSITIONS (Tables)

9 Months Ended

Mar. 31, 2018

ACQUISITIONS AND DISPOSITIONS

Schedule of Acquisitions

	Spread Networks		Optic Zoo Networks
Acquisition date	February 28, 2018		January 18, 2018
	(in millions)
Cash	$	1.5	$	1.4
Other current assets		3.0		0.3
Property and equipment		133.7		13.6
Intangibles		19.8		5.2
Goodwill		23.3		9.2
Other assets		1.4		0.2
Total assets acquired		182.7		29.9
Current liabilities		3.7		0.6
Deferred revenue		27.2		1.3
Deferred tax liability, net		—		1.8
Other liabilities		19.8		—
Total liabilities assumed		50.7		3.7
Net assets acquired		132.0		26.2
Less cash acquired		1.5		1.4
Net consideration paid	$	130.5	$	24.8

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:

	KIO Networks US Data Centers		Electric Lightwave		Santa Clara Data Center
Acquisition date	May 1, 2017		March 1, 2017		October 3, 2016
			(in millions)
Cash	$	0.1	$	12.6	$	—
Other current assets		—		55.0		—
Property and equipment		2.4		650.2		31.9
Deferred tax assets, net		2.9		—		—
Intangibles		6.4		416.1		6.0
Goodwill		2.7		488.0		—
Other assets		0.6		1.7		—
Total assets acquired		15.1		1,623.6		37.9
Current liabilities		1.7		61.7		—
Capital lease obligations		—		—		26.6
Deferred tax liabilities, net		—		64.9		—
Deferred revenue		0.5		80.0		—
Other liabilities		—		1.2		—
Total liabilities assumed		2.2		207.8		26.6
Net assets acquired		12.9		1,415.8		11.3
Less cash acquired		(0.1)		(12.6)		—
Impact of U.S. Tax Reform		(0.9)		23.4		—
Net consideration paid/payable	$	11.9	$	1,426.6	$	11.3

Schedule of Pro-Forma Financial Information

	Three Months Ended March 31,				Nine months ended March 31,
	2018		2017		2018		2017
	(in millions)
Revenue	$	653.0	$	646.8	$	1,962.0	$	1,946.1
Net income	$	21.6	$	12.5	$	51.2	$	7.7
Net income per share:
Basic and diluted	$	0.09	$	0.05	$	0.21	$	0.03

Summary of Net Assets and Liabilities Held for Sale

	March 31, 2018
	(in millions)
Assets held for sale:
Property and equipment, net	$	41.6
Goodwill		5.2
Other assets		0.6
Total assets held for sale	$	47.4
Liabilities associated with assets held for sale:
Deferred tax liability, net	$	6.1
Other liabilities		1.1
Total liabilities associated with assets held for sale	$	7.2