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SEGMENT REPORTING (Tables)
12 Months Ended
Jun. 30, 2019
SEGMENT REPORTING  
Summary of Financial Information by Segments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Year Ended June 30, 2019

 

    

Zayo Networks

    

zColo

    

Allstream

    

Other

    

Corp/
Eliminations

    

Total

 

 

(in millions)

Revenue from external customers

  

$

1,896.7

 

$

269.9

 

$

381.7

 

$

29.7

 

$

 —

 

$

2,578.0

Segment Adjusted EBITDA

  

 

1,087.5

 

 

125.0

 

 

64.8

 

 

5.8

 

 

 —

 

 

1,283.1

Total assets

  

 

7,677.5

 

 

1,152.3

 

 

376.9

 

 

35.1

 

 

92.8

 

 

9,334.6

Capital expenditures

  

 

667.8

 

 

99.8

 

 

19.3

 

 

 —

 

 

 —

 

 

786.9

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Year Ended June 30, 2018

 

    

Zayo Networks

    

zColo

    

Allstream

    

Other

    

Corp/
Eliminations

    

Total

 

 

(in millions)

Revenue from external customers

  

$

1,808.8

 

$

290.7

 

$

479.9

 

$

23.1

 

$

 —

 

$

2,602.5

Segment Adjusted EBITDA

  

 

1,026.0

 

 

142.3

 

 

115.0

 

 

5.0

 

 

 —

 

 

1,288.3

Total assets

  

 

7,406.7

 

 

1,188.5

 

 

465.5

 

 

33.4

 

 

115.8

 

 

9,209.9

Capital expenditures

  

 

667.5

 

 

108.8

 

 

13.6

 

 

 —

 

 

 —

 

 

789.9

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Year Ended June 30, 2017

 

    

Zayo Networks

    

zColo

    

Allstream

    

Other

    

Corp/
Eliminations

    

Total

 

 

(in millions)

Revenue from external customers

  

$

1,621.1

 

$

263.3

 

$

314.3

 

$

21.6

 

$

 —

 

$

2,220.3

Segment Adjusted EBITDA

  

 

904.6

 

 

125.2

 

 

83.3

 

 

5.1

 

 

 —

 

 

1,118.2

Capital expenditures

 

 

723.5

 

 

103.5

 

 

8.5

 

 

 —

 

 

 —

 

 

835.5

 

Reconciliation from Total Segment Adjusted EBITDA to Income from Operations Before Taxes

 

 

 

 

 

 

 

 

 

 

 

 

For the Year Ended June 30,

 

    

2019

    

2018

    

2017

 

 

(in millions)

Total Segment Adjusted EBITDA

  

$

1,283.1

 

$

1,288.3

 

$

1,118.2

Interest expense

  

 

(338.7)

 

 

(299.8)

 

 

(241.5)

Depreciation and amortization

  

 

(633.4)

 

 

(746.5)

 

 

(606.2)

Transaction costs

  

 

(17.0)

 

 

(18.6)

 

 

(20.5)

Stock-based compensation

  

 

(109.3)

 

 

(96.7)

 

 

(114.1)

Loss on extinguishment of debt

 

 

 —

 

 

(4.9)

 

 

(18.2)

Gain on business disposition

 

 

5.5

 

 

 —

 

 

 —

Foreign currency (loss)/gain on intercompany loans

  

 

(14.1)

 

 

5.4

 

 

(10.3)

Non-cash loss on investments

 

 

(0.8)

 

 

(0.9)

 

 

(1.1)

Income from operations before income taxes

 

$

175.3

 

$

126.3

 

$

106.3

 

Schedule of Geographical Information

 

  

For the Year Ended June 30,

 

    

2019

    

2018

    

2017

 

 

 

(in millions)

Revenue from external customers:

  

 

 

 

 

 

  

 

 

United States

  

$

2,047.1

 

$

2,015.9

 

$

1,630.5

Europe

  

 

206.2

 

 

199.4

 

 

176.5

Canada

 

 

321.4

 

 

384.2

 

 

412.0

Other

 

 

3.3

 

 

3.0

 

 

1.3

Total Revenue

 

$

2,578.0

 

$

2,602.5

 

$

2,220.3

 

 

 

 

 

 

 

 

 

 

As of June 30,

 

    

2019

    

2018

 

 

 

(in millions)

Long-lived assets:

 

 

 

 

 

 

United States

 

$

6,154.6

 

$

5,914.7

Europe

 

 

591.6

 

 

555.1

Canada

 

 

396.1

 

 

382.5

Other

 

 

0.5

 

 

0.6

Total long-lived assets

 

$

7,142.8

 

$

6,852.9