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Segment Reporting (Tables)
 12 Months Ended
Jun. 30, 2015
Segment Reporting [Abstract]  
Summary of Financial Information by Segments

The Company’s computation of Segment Adjusted EBITDA may not be comparable to other similarly titled measures computed by other companies because all companies do not calculate segment Adjusted EBITDA in the same fashion.

 

 

 

For the year ended June 30, 2015

 

 

 

(in millions)

 

 

 

Physical

Infrastructure

 

 

Cloud and

Connectivity

 

 

Other

 

 

Corp/

Eliminations

 

 

Total

 

Revenue from external customers

 

$

662.4

 

 

$

661.5

 

 

$

23.2

 

 

$

—

 

 

$

1,347.1

 

Segment Adjusted EBITDA

 

 

432.8

 

 

 

344.5

 

 

 

5.3

 

 

—

 

 

 

782.6

 

Total assets

 

 

3,694.4

 

 

 

1,976.0

 

 

 

35.0

 

 

 

389.2

 

 

 

6,094.6

 

Capital expenditures

 

 

328.4

 

 

 

201.8

 

 

 

0.2

 

 

—

 

 

 

530.4

 

 

 

 

For the year ended June 30, 2014

 

 

 

(in millions)

 

 

 

Physical

Infrastructure

 

 

Cloud and

Connectivity

 

 

Other

 

 

Corp/

Eliminations

 

 

Total

 

Revenue from external customers

 

$

495.4

 

 

$

606.2

 

 

$

28.1

 

 

$

(6.5

)

 

$

1,123.2

 

Segment Adjusted EBITDA

 

 

324.9

 

 

 

325.9

 

 

 

8.0

 

 

 

(5.2

)

 

 

653.6

 

Total assets

 

 

2,872.5

 

 

 

1,739.1

 

 

 

43.1

 

 

 

327.0

 

 

 

4,981.7

 

Capital expenditures

 

 

209.2

 

 

 

151.6

 

 

—

 

 

—

 

 

 

360.8

 

 

 

 

For the year ended June 30, 2013

 

 

 

(in millions)

 

 

 

Physical

Infrastructure

 

 

Cloud and

Connectivity

 

 

Other

 

 

Corp/

Eliminations

 

 

Total

 

Revenue from external customers

 

$

413.0

 

 

$

570.5

 

 

$

27.8

 

 

$

(6.9

)

 

$

1,004.4

 

Segment Adjusted EBITDA

 

 

275.7

 

 

 

277.8

 

 

 

6.2

 

 

 

(5.3

)

 

 

554.4

 

Total assets (1)

 

 

2,311.5

 

 

 

1,685.5

 

 

 

32.4

 

 

 

122.7

 

 

 

4,152.1

 

Capital expenditures, net of stimulus grant reimbursements

 

 

180.3

 

 

 

143.0

 

 

—

 

 

—

 

 

 

323.3

 

(1)

Assets of discontinued operations of $72.1 million are included in the Corp/elimination column for the year ended June 30, 2013

Additionally, total assets in the table below have been adjusted to exclude debt issuance costs (see Note 8–Long Term Debt).

 

 

 

For the three months ended September 30, 2014

 

 

 

(in millions)

 

 

 

Physical

Infrastructure

 

 

Cloud and

Connectivity

 

 

Other

 

 

Corp/

Eliminations

 

 

Total

 

Revenue from external customers

 

$

154.0

 

 

$

160.5

 

 

$

6.1

 

 

$

—

 

 

$

320.6

 

Segment Adjusted EBITDA

 

 

98.4

 

 

 

83.2

 

 

 

1.4

 

 

—

 

 

 

183.0

 

Total assets

 

 

2,891.8

 

 

 

1,756.5

 

 

 

40.5

 

 

 

285.3

 

 

 

4,974.1

 

Capital expenditures, net of stimulus grant reimbursements

 

 

69.0

 

 

 

46.3

 

 

—

 

 

—

 

 

 

115.3

 

 

 

 

For the three months ended December 31, 2014

 

 

 

(in millions)

 

 

 

Physical

Infrastructure

 

 

Cloud and

Connectivity

 

 

Other

 

 

Corp/

Eliminations

 

 

Total

 

Revenue from external customers

 

$

156.4

 

 

$

162.0

 

 

$

5.5

 

 

$

—

 

 

$

323.9

 

Segment Adjusted EBITDA

 

 

102.9

 

 

 

85.7

 

 

 

1.1

 

 

—

 

 

 

189.7

 

Total assets

 

 

2,900.5

 

 

 

1,768.0

 

 

 

36.1

 

 

 

284.6

 

 

 

4,989.2

 

Capital expenditures, net of stimulus grant reimbursements

 

 

77.0

 

 

 

52.5

 

 

—

 

 

—

 

 

 

129.5

 

 

 

 

For the six months ended December 31, 2014

 

 

 

(in millions)

 

 

 

Physical

Infrastructure

 

 

Cloud and

Connectivity

 

 

Other

 

 

Corp/

Eliminations

 

 

Total

 

Revenue from external customers

 

$

310.4

 

 

$

322.6

 

 

$

11.5

 

 

$

—

 

 

$

644.5

 

Segment Adjusted EBITDA

 

 

201.3

 

 

 

168.9

 

 

 

2.5

 

 

 

—

 

 

 

372.7

 

Capital expenditures, net of stimulus grant reimbursements

 

 

146.0

 

 

 

98.8

 

 

—

 

 

 

—

 

 

 

244.8

 

 

 

 

For the three months ended March 31, 2015

 

 

 

(in millions)

 

 

 

Physical

Infrastructure

 

 

Cloud and

Connectivity

 

 

Other

 

 

Corp/

Eliminations

 

 

Total

 

Revenue from external customers

 

$

168.2

 

 

$

166.8

 

 

$

5.7

 

 

$

—

 

 

$

340.7

 

Segment Adjusted EBITDA

 

 

110.5

 

 

 

87.3

 

 

 

1.2

 

 

—

 

 

 

199.0

 

Total assets

 

 

3,615.5

 

 

 

1,946.3

 

 

 

38.6

 

 

 

391.5

 

 

 

5,991.9

 

Capital expenditures, net of stimulus grant reimbursements

 

 

83.2

 

 

 

46.9

 

 

—

 

 

—

 

 

 

130.1

 

 

 

 

For the nine months ended March 31, 2015

 

 

 

(in millions)

 

 

 

Physical

Infrastructure

 

 

Cloud and

Connectivity

 

 

Other

 

 

Corp/

Eliminations

 

 

Total

 

Revenue from external customers

 

$

478.6

 

 

$

489.4

 

 

$

17.2

 

 

$

—

 

 

$

985.2

 

Segment Adjusted EBITDA

 

 

311.7

 

 

 

256.2

 

 

 

3.8

 

 

 

—

 

 

 

571.7

 

Capital expenditures, net of stimulus grant reimbursements

 

 

229.2

 

 

 

145.7

 

 

—

 

 

 

—

 

 

 

374.9

 

 
Reconciliation from net earnings/(loss) to Adjusted EBITDA by segment and on a consolidated basis

Reconciliation from Total Segment Adjusted EBITDA to net loss from continuing operations

 

 

 

For the year ended June 30,

 

 

 

2015

 

 

2014

 

 

2013

 

 

 

(in millions)

 

Total Segment Adjusted EBITDA

 

$

782.6

 

 

$

653.6

 

 

$

554.4

 

Interest expense

 

 

(214.0

)

 

 

(203.5

)

 

 

(202.5

)

Depreciation and amortization expense

 

 

(406.2

)

 

 

(338.2

)

 

 

(324.5

)

Transaction costs

 

 

(6.2

)

 

 

(5.3

)

 

 

(14.2

)

Stock-based compensation

 

 

(200.7

)

 

 

(253.7

)

 

 

(105.8

)

Loss on extinguishment of debt

 

 

(94.3

)

 

 

(1.9

)

 

 

(77.3

)

Unrealized foreign currency gain/(loss)

 

 

(24.4

)

 

 

4.7

 

 

 

0.1

 

Non-cash loss on investments

 

 

(0.9

)

 

—

 

 

—

 

Net loss from continuing operations before provision

   for income taxes

 

$

(164.1

)

 

$

(144.3

)

 

$

(169.8

)

 
Schedule of Geographical Information

The following is a summary of geographical information (in millions):

 

 

 

For the year ended June 30,

 

 

 

2015

 

 

2014

 

 

2013

 

Revenue from external customers:

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

$

1,193.5

 

 

$

1,052.8

 

 

$

946.5

 

United Kingdom

 

 

119.0

 

 

 

70.3

 

 

 

57.5

 

Japan

 

                             —

 

 

 

0.1

 

 

 

0.4

 

France

 

 

34.6

 

 

—

 

 

—

 

Total Revenue

 

$

1,347.1

 

 

$

1,123.2

 

 

$

1,004.4

 

Long-lived assets:

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

$

3,848.0

 

 

$

3,142.4

 

 

 

2,995.3

 

United Kingdom

 

 

405.3

 

 

 

429.9

 

 

 

120.2

 

Japan

 

 

0.3

 

 

 

0.3

 

 

 

—

 

France

 

 

48.7

 

 

 

—

 

 

 

—

 

Total Long-lived assets

 

$

4,302.3

 

 

$

3,572.6

 

 

$

3,115.5