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SEGMENT REPORTING (Tables)
12 Months Ended
Jun. 30, 2018
SEGMENT REPORTING  
Summary of Financial Information by Segments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the year ended June 30, 2018

 

    

Fiber
Solutions

    

Transport

    

Enterprise Networks

    

zColo

 

    

Allstream

    

Other

    

Corp/
Eliminations

    

Total

 

 

(in millions)

Revenue from external customers

  

$

842.0

 

$

670.4

 

$

350.4

 

$

238.2

 

$

479.9

 

$

23.1

 

$

 —

 

$

2,604.0

Segment Adjusted EBITDA

  

 

673.2

 

 

230.3

 

 

148.2

 

 

120.3

 

 

114.0

 

 

5.0

 

 

 —

 

 

1,291.0

Total assets

  

 

4,956.9

 

 

1,864.6

 

 

752.0

 

 

1,032.4

 

 

461.8

 

 

33.3

 

 

115.8

 

 

9,216.8

Capital expenditures

  

 

443.3

 

 

183.1

 

 

50.0

 

 

99.9

 

 

13.6

 

 

 —

 

 

 —

 

 

789.9

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the year ended June 30, 2017

 

    

Fiber
Solutions

    

Transport

    

Enterprise Networks

    

zColo

 

    

Allstream

    

Other

    

Corp/
Eliminations

    

Total

 

 

(in millions)

Revenue from external customers

  

$

725.4

 

$

614.3

 

$

310.2

 

$

214.0

 

$

314.3

 

$

21.6

 

$

 —

 

$

2,199.8

Segment Adjusted EBITDA

  

 

570.4

 

 

223.0

 

 

127.9

 

 

107.1

 

 

83.3

 

 

5.1

 

 

 —

 

 

1,116.8

Total assets

  

 

4,504.6

 

 

2,018.3

 

 

597.4

 

 

994.4

 

 

406.2

 

 

33.2

 

 

185.3

 

 

8,739.4

Capital expenditures

  

 

499.1

 

 

189.6

 

 

46.8

 

 

91.5

 

 

8.5

 

 

 —

 

 

 —

 

 

835.5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the year ended June 30, 2016

 

    

Fiber
Solutions

    

Transport

    

Enterprise Networks

    

zColo

 

    

Allstream

    

Other

    

Corp/
Eliminations

    

Total

 

 

(in millions)

Revenue from external customers

  

$

648.8

 

$

522.6

 

$

228.4

 

$

195.4

 

$

106.2

 

$

20.3

 

$

 —

 

$

1,721.7

Segment Adjusted EBITDA

  

 

504.0

 

 

208.4

 

 

100.6

 

 

99.5

 

 

17.9

 

 

4.5

 

 

 —

 

 

934.9

Capital expenditures

  

 

421.4

 

 

160.6

 

 

50.5

 

 

66.3

 

 

5.3

 

 

 —

 

 

 —

 

 

704.1

 

Schedule of impacts to Segment Adjusted EBITDA due to intercompany pricing changes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the three months ended June 30, 2018

 

 

 

Fiber
Solutions

    

Transport

    

Enterprise Networks

    

zColo

 

    

Allstream

    

Other

    

Corp/
Eliminations

    

Total

 

 

(in millions)

 

Impact of pricing changes

 

$

 —

 

$

(1.8)

 

$

2.7

 

$

0.1

 

$

(1.0)

 

$

 —

 

$

 —

 

$

 —

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

For the year ended June 30,

 

    

2018

    

2017

 

2016

 

 

 

 

 

 

 

Total Segment Adjusted EBITDA

  

$

1,291.0

 

$

1,116.8

 

$

934.9

Interest expense

  

 

(299.8)

 

 

(241.5)

 

 

(220.1)

Depreciation and amortization

  

 

(747.4)

 

 

(606.9)

 

 

(516.3)

Transaction costs

  

 

(18.6)

 

 

(20.5)

 

 

(21.5)

Stock-based compensation

  

 

(96.7)

 

 

(114.1)

 

 

(155.9)

Loss on extinguishment of debt

 

 

(4.9)

 

 

(18.2)

 

 

(33.8)

Foreign currency gain/(loss) on intercompany loans

  

 

5.4

 

 

(10.3)

 

 

(53.8)

Non-cash loss on investments

 

 

(1.0)

 

 

(1.2)

 

 

(1.2)

Income/(loss) from operations before income taxes

 

$

128.0

 

$

104.1

 

$

(67.7)

 

Schedule of Geographical Information

 

 

 

 

 

 

 

 

 

 

 

  

For the year ended June 30,

 

    

2018

    

2017

    

2016

Revenue from external customers:

  

 

 

 

 

 

  

 

 

United States

  

$

2,017.4

 

$

1,610.0

 

$

1,334.1

Europe

  

 

199.4

 

 

176.5

 

 

174.1

Canada

 

 

384.2

 

 

412.0

 

 

213.3

Other

 

 

3.0

 

 

1.3

 

 

0.2

Total Revenue

 

$

2,604.0

 

$

2,199.8

 

$

1,721.7

Long-lived assets:

 

 

 

 

 

 

 

 

 

United States

 

$

5,929.5

 

$

5,504.7

 

$

4,236.1

Europe

 

 

537.2

 

 

521.3

 

 

527.8

Canada

 

 

381.7

 

 

335.8

 

 

326.4

Other

 

 

18.5

 

 

22.8

 

 

25.6

Total Long-lived assets

 

$

6,866.9

 

$

6,384.6

 

$

5,115.9