ACQUISITIONS AND DISPOSITIONS (Tables)

12 Months Ended

Jun. 30, 2019

ACQUISITIONS AND DISPOSITIONS

Schedule of Acquisitions

The table below reflects the Company's estimates of the acquisition date fair values of the assets acquired and liabilities assumed from its Fiscal 2018 acquisitions:

	Neutral Path		McLean Data Center		Spread Networks		Optic Zoo Networks
Acquisition date	April 17, 2018		April 4, 2018		February 28, 2018		January 18, 2018
	(in millions)
Cash	$	0.7	$	9.2	$	1.5	$	1.4
Other current assets		0.2		—		4.2		0.4
Property and equipment		15.2		0.6		143.7		13.1
Intangibles		6.9		—		9.3		3.8
Goodwill		15.9		—		14.4		10.4
Deferred tax assets		1.5		—		7.1		—
Other assets		—		—		1.4		0.2
Total assets acquired		40.4		9.8		181.6		29.3
Current liabilities		0.6		1.6		2.6		0.6
Deferred revenue		5.8		—		27.2		1.2
Deferred tax liability, net		—		—		—		1.3
Other liabilities		—		8.2		19.8		—
Total liabilities assumed		6.4		9.8		49.6		3.1
Net assets acquired		34.0		—		132.0		26.2
Less cash acquired		(0.7)		(9.2)		(1.5)		(1.4)
Net consideration paid	$	33.3	$	(9.2)	$	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	681.3	31.9
Deferred tax assets, net	2.2	—	—
Intangibles	6.4	416.1	6.0
Goodwill	2.7	467.1	—
Other assets	0.5	1.7	—
Total assets acquired	14.3	1,633.8	37.9
Current liabilities	1.8	61.7	—
Capital lease obligations	—	—	26.6
Deferred tax liabilities, net	—	51.7	—
Deferred revenue	0.5	80.0	—
Other liabilities	—	1.2	—
Total liabilities assumed	2.3	194.6	26.6
Net assets acquired	12.0	1,439.2	11.3
Less cash acquired	(0.1)	(12.6)	—
Total consideration paid/payable	11.9	1,426.6	11.3

Schedule of Pro-Forma Financial Information

	Year Ended June 30,
	2018		2017
	(in millions)
Revenue	$	2,622.8	$	2,617.6
Net income	$	96.2	$	26.9
Net income per share:
Basic and diluted	$	0.39	$	0.11

Summary of Net Assets and Liabilities Held for Sale

	June 30, 2018
	(in millions)
Assets held for sale:
Property and equipment, net	$	35.7
Goodwill		5.2
Other assets		0.9
Total assets held for sale	$	41.8
Liabilities associated with assets held for sale:
Deferred tax liability, net	$	5.1
Other liabilities		1.0
Total liabilities associated with assets held for sale	$	6.1