Supplemental Guarantor Information (Tables)

6 Months Ended

Jun. 30, 2013

Supplemental Guarantor Information Abstract

Supplemental Guarantor Information [Table Text Block]

The following information sets forth the Condensed Consolidating Statements of Operations and Comprehensive Income (Loss) for the three and six months ended June 30, 2013 and 2012, Condensed Consolidating Balance Sheets as of June 30, 2013 and December 31, 2012, and Condensed Consolidating Statements of Cash Flows for the six months ended June 30, 2013 and 2012, of (1) the Parent Company, as the guarantor, (2) CBT, as the issuer, and (3) the non-guarantor subsidiaries on a combined basis.

Condensed Consolidating Statements of Operations and Comprehensive Income (Loss)
	Three Months Ended June 30, 2013
(dollars in millions)	Parent (Guarantor)			CBT (Issuer)			Other Non-guarantors			Eliminations			Total
Revenue	$	—		$	161.6		$	164.4		$	(14.0	)	$	312.0
Operating costs and expenses	13.6			113.6			152.0			(14.0		)	265.2
Operating (loss) income	(13.6		)	48.0			12.4			—			46.8
Interest expense (income), net	46.3			(5.6		)	4.7			—			45.4
Other (income) expense, net	(0.3		)	0.9			4.2			—			4.8
(Loss) income before equity in earnings of subsidiaries and income taxes	(59.6		)	52.7			3.5			—			(3.4		)
Income tax (benefit) expense	(21.2		)	18.3			(1.3		)	—			(4.2		)
Equity in earnings of subsidiaries, net of tax	39.2			—			—			(39.2		)	—
Net income	0.8			34.4			4.8			(39.2		)	0.8
Other comprehensive income	8.9			—			0.1			—			9.0
Total comprehensive income	$	9.7		$	34.4		$	4.9		$	(39.2	)	$	9.8
Net income	0.8			34.4			4.8			(39.2		)	0.8
Preferred stock dividends	2.6			—			—			—			2.6
Net (loss) income applicable to common shareowners	$	(1.8	)	$	34.4		$	4.8		$	(39.2	)	$	(1.8	)
	Three Months Ended June 30, 2012
	Parent (Guarantor)			CBT (Issuer)			Other Non-guarantors			Eliminations			Total
Revenue	$	—		$	161.3		$	222.3		$	(15.4	)	$	368.2
Operating costs and expenses	4.0			108.4			206.0			(15.4		)	303.0
Operating (loss) income	(4.0		)	52.9			16.3			—			65.2
Interest expense (income), net	40.8			(0.1		)	13.0			—			53.7
Other (income) expense, net	(0.3		)	1.2			(0.9		)	—			—
(Loss) income before equity in earnings of subsidiaries and income taxes	(44.5		)	51.8			4.2			—			11.5
Income tax (benefit) expense	(15.7		)	18.7			4.0			—			7.0
Equity in earnings of subsidiaries, net of tax	33.3			—			—			(33.3		)	—
Net income	4.5			33.1			0.2			(33.3		)	4.5
Other comprehensive income	2.7			—			—			—			2.7
Total comprehensive income	$	7.2		$	33.1		$	0.2		$	(33.3	)	$	7.2
Net income	4.5			33.1			0.2			(33.3		)	4.5
Preferred stock dividends	2.6			—			—			—			2.6
Net income applicable to common shareowners	$	1.9		$	33.1		$	0.2		$	(33.3	)	$	1.9

Condensed Consolidating Statements of Operations and Comprehensive Income (Loss)
	Six Months Ended June 30, 2013
(dollars in millions)	Parent (Guarantor)			CBT (Issuer)			Other Non-guarantors			Eliminations			Total
Revenue	$	—		$	320.9		$	344.9		$	(28.1	)	$	637.7
Operating costs and expenses	49.7			224.7			325.4			(28.1		)	571.7
Operating (loss) income	(49.7		)	96.2			19.5			—			66.0
Interest expense (income), net	82.1			(1.1		)	12.3			—			93.3
Other (income) expense, net	(0.7		)	2.6			4.5			—			6.4
(Loss) income before equity in earnings of subsidiaries and income taxes	(131.1		)	94.7			2.7			—			(33.7		)
Income tax (benefit) expense	(41.3		)	34.8			8.7			—			2.2
Equity in earnings of subsidiaries, net of tax	53.9			—			—			(53.9		)	—
Net (loss) income	(35.9		)	59.9			(6.0		)	(53.9		)	(35.9		)
Other comprehensive income (loss)	11.7			—			(0.1		)	—			11.6
Total comprehensive (loss) income	$	(24.2	)	$	59.9		$	(6.1	)	$	(53.9	)	$	(24.3	)
Net (loss) income	(35.9		)	59.9			(6.0		)	(53.9		)	(35.9		)
Preferred stock dividends	5.2			—			—			—			5.2
Net (loss) income applicable to common shareowners	$	(41.1	)	$	59.9		$	(6.0	)	$	(53.9	)	$	(41.1	)
	Six Months Ended June 30, 2012
	Parent (Guarantor)			CBT (Issuer)			Other Non-guarantors			Eliminations			Total
Revenue	$	—		$	321.2		$	440.8		$	(31.0	)	$	731.0
Operating costs and expenses	11.1			212.8			391.9			(31.0		)	584.8
Operating (loss) income	(11.1		)	108.4			48.9			—			146.2
Interest expense (income), net	81.4			(0.2		)	26.9			—			108.1
Other (income) expense, net	(0.7		)	2.3			(0.1		)	—			1.5
(Loss) income before equity in earnings of subsidiaries and income taxes	(91.8		)	106.3			22.1			—			36.6
Income tax (benefit) expense	(29.8		)	38.5			10.8			—			19.5
Equity in earnings of subsidiaries, net of tax	79.1			—			—			(79.1		)	—
Net income	17.1			67.8			11.3			(79.1		)	17.1
Other comprehensive income	4.1			—			—			—			4.1
Total comprehensive income	$	21.2		$	67.8		$	11.3		$	(79.1	)	$	21.2
Net income	17.1			67.8			11.3			(79.1		)	17.1
Preferred stock dividends	5.2			—			—			—			5.2
Net income applicable to common shareowners	$	11.9		$	67.8		$	11.3		$	(79.1	)	$	11.9

Condensed Consolidating Balance Sheets
	As of June 30, 2013
(dollars in millions)	Parent (Guarantor)			CBT (Issuer)		Other Non-guarantors		Eliminations			Total
Cash and cash equivalents	$	3.3		$	1.3	$	0.9	$	—		$	5.5
Receivables, net	0.9			—		155.3		—			156.2
Other current assets	3.5			31.6		35.2		(0.5		)	69.8
Total current assets	7.7			32.9		191.4		(0.5		)	231.5
Property, plant and equipment, net	0.1			679.6		199.3		—			879.0
Investment in CyrusOne	—			—		489.3		—			489.3
Goodwill and intangibles, net	—			2.3		105.3		—			107.6
Investments in and advances to subsidiaries	1,419.1			266.1		—		(1,685.2		)	—
Other noncurrent assets	389.2			8.6		188.5		(148.3		)	438.0
Total assets	$	1,816.1		$	989.5	$	1,173.8	$	(1,834.0	)	$	2,145.4
Current portion of long-term debt	$	—		$	3.9	$	3.3	$	—		$	7.2
Accounts payable	0.7			59.2		45.0		—			104.9
Other current liabilities	79.2			49.4		33.3		0.7			162.6
Total current liabilities	79.9			112.5		81.6		0.7			274.7
Long-term debt, less current portion	1,850.6			142.7		189.7		—			2,183.0
Other noncurrent liabilities	346.3			149.3		61.3		(149.5		)	407.4
Intercompany payables	259.0			—		200.6		(459.6		)	—
Total liabilities	2,535.8			404.5		533.2		(608.4		)	2,865.1
Shareowners’ (deficit) equity	(719.7		)	585.0		640.6		(1,225.6		)	(719.7		)
Total liabilities and shareowners’ equity (deficit)	$	1,816.1		$	989.5	$	1,173.8	$	(1,834.0	)	$	2,145.4
	As of December 31, 2012
	Parent (Guarantor)			CBT (Issuer)		Other Non-guarantors		Eliminations			Total
Cash and cash equivalents	$	3.8		$	1.9	$	17.9	$	—		$	23.6
Receivables, net	1.0			—		198.0		—			199.0
Other current assets	3.1			34.4		43.8		(0.4		)	80.9
Total current assets	7.9			36.3		259.7		(0.4		)	303.5
Property, plant and equipment, net	0.1			646.7		940.6		—			1,587.4
Goodwill and intangibles, net	—			2.3		485.1		—			487.4
Investments in and advances to subsidiaries	1,449.9			228.2		—		(1,678.1		)	—
Other noncurrent assets	384.6			6.3		266.3		(163.1		)	494.1
Total assets	$	1,842.5		$	919.8	$	1,951.7	$	(1,841.6	)	$	2,872.4
Current portion of long-term debt	$	—		$	3.0	$	10.4	$	—		$	13.4
Accounts payable	1.2			61.7		72.7		—			135.6
Other current liabilities	85.6			50.2		69.7		0.9			206.4
Total current liabilities	86.8			114.9		152.8		0.9			355.4
Long-term debt, less current portion	1,841.7			141.3		693.0		—			2,676.0
Other noncurrent liabilities	383.3			138.6		181.7		(164.4		)	539.2
Intercompany payables	228.9			—		276.4		(505.3		)	—
Total liabilities	2,540.7			394.8		1,303.9		(668.8		)	3,570.6
Shareowners’ (deficit) equity	(698.2		)	525.0		647.8		(1,172.8		)	(698.2		)
Total liabilities and shareowners’ equity (deficit)	$	1,842.5		$	919.8	$	1,951.7	$	(1,841.6	)	$	2,872.4

Condensed Consolidating Statements of Cash Flows

	Six Months Ended June 30, 2013
(dollars in millions)	Parent (Guarantor)			CBT (Issuer)			Other Non-guarantors			Eliminations		Total
Cash flows (used in) provided by operating activities	$	(123.1	)	$	106.6		$	45.9		$	—	$	29.4
Capital expenditures	—			(69.3		)	(26.6		)	—		(95.9		)
Dividends received from CyrusOne	—			—			7.0			—		7.0
Proceeds from sale of assets	—			1.6			—			—		1.6
Cash divested from deconsolidation of CyrusOne	—			—			(12.2		)	—		(12.2		)
Other investing activities	—			—			0.4			—		0.4
Cash flows used in investing activities	—			(67.7		)	(31.4		)	—		(99.1		)
Funding between Parent and subsidiaries, net	115.0			(37.9		)	(77.1		)	—		—
Borrowings on revolving facilities, net	8.0			—			48.8			—		56.8
Repayment of debt	—			(1.6		)	(3.2		)	—		(4.8		)
Proceeds from exercise of options and warrants	6.6			—			—			—		6.6
Other financing activities	(7.0		)	—			—			—		(7.0		)
Cash flows provided by (used in) financing activities	122.6			(39.5		)	(31.5		)	—		51.6
Decrease in cash and cash equivalents	(0.5		)	(0.6		)	(17.0		)	—		(18.1		)
Beginning cash and cash equivalents	3.8			1.9			17.9			—		23.6
Ending cash and cash equivalents	$	3.3		$	1.3		$	0.9		$	—	$	5.5
	Six Months Ended June 30, 2012
	Parent (Guarantor)			CBT (Issuer)			Other Non-guarantors			Eliminations		Total
Cash flows (used in) provided by operating activities	$	(75.0	)	$	112.7		$	54.2		$	—	$	91.9
Capital expenditures	—			(47.7		)	(119.7		)	—		(167.4		)
Cash flows used in investing activities	—			(47.7		)	(119.7		)	—		(167.4		)
Funding between Parent and subsidiaries, net	10.8			(63.5		)	52.7			—		—
Increase in receivables facility, net	—			—			19.0			—		19.0
Repayment of debt	—			(1.6		)	(6.4		)	—		(8.0		)
Common stock repurchase	(0.3		)	—			—			—		(0.3		)
Other financing activities	(4.7		)	—			(0.1		)	—		(4.8		)
Cash flows provided by (used in) financing activities	5.8			(65.1		)	65.2			—		5.9
Decrease in cash and cash equivalents	(69.2		)	(0.1		)	(0.3		)	—		(69.6		)
Beginning cash and cash equivalents	69.6			1.4			2.7			—		73.7
Ending cash and cash equivalents	$	0.4		$	1.3		$	2.4		$	—	$	4.1

Supplemental Guarantor Information, High Yield Notes [Table Text Block]

The following information sets forth the Condensed Consolidating Statements of Operations and Comprehensive Income (Loss) for the three and six months ended June 30, 2013 and 2012, Condensed Consolidating Balance Sheets as of June 30, 2013 and December 31, 2012, and Condensed Consolidating Statements of Cash Flows for the six months ended June 30, 2013 and 2012, of (1) the Parent Company, as the issuer, (2) the guarantor subsidiaries on a combined basis, and (3) the non-guarantor subsidiaries on a combined basis.

Condensed Consolidating Statements of Operations and Comprehensive Income (Loss)
	Three Months Ended June 30, 2013
(dollars in millions)	Parent (Issuer)			Guarantors			Non-guarantors			Eliminations			Total
Revenue	$	—		$	177.6		$	148.4		$	(14.0	)	$	312.0
Operating costs and expenses	13.6			163.5			102.1			(14.0		)	265.2
Operating (loss) income	(13.6		)	14.1			46.3			—			46.8
Interest expense (income), net	46.3			3.8			(4.7		)	—			45.4
Other (income) expense, net	(0.3		)	4.2			0.9			—			4.8
(Loss) income before equity in earnings of subsidiaries and income taxes	(59.6		)	6.1			50.1			—			(3.4		)
Income tax (benefit) expense	(21.2		)	(0.7		)	17.7			—			(4.2		)
Equity in earnings of subsidiaries, net of tax	39.2			—			—			(39.2		)	—
Net income	0.8			6.8			32.4			(39.2		)	0.8
Other comprehensive income	8.9			—			0.1			—			9.0
Total comprehensive income	$	9.7		$	6.8		$	32.5		$	(39.2	)	$	9.8
Net income	0.8			6.8			32.4			(39.2		)	0.8
Preferred stock dividends	2.6			—			—			—			2.6
Net (loss) income applicable to common shareowners	$	(1.8	)	$	6.8		$	32.4		$	(39.2	)	$	(1.8	)
	Three Months Ended June 30, 2012
	Parent (Issuer)			Guarantors			Non-guarantors			Eliminations			Total
Revenue	$	—		$	178.3		$	205.3		$	(15.4	)	$	368.2
Operating costs and expenses	4.0			160.5			153.9			(15.4		)	303.0
Operating (loss) income	(4.0		)	17.8			51.4			—			65.2
Interest expense, net	40.8			2.1			10.8			—			53.7
Other (income) expense, net	(0.3		)	1.4			(1.1		)	—			—
(Loss) income before equity in earnings of subsidiaries and income taxes	(44.5		)	14.3			41.7			—			11.5
Income tax (benefit) expense	(15.7		)	7.2			15.5			—			7.0
Equity in earnings of subsidiaries, net of tax	33.3			(12.7		)	—			(20.6		)	—
Net income (loss)	4.5			(5.6		)	26.2			(20.6		)	4.5
Other comprehensive income	2.7			—			—			—			2.7
Total comprehensive income (loss)	$	7.2		$	(5.6	)	$	26.2		$	(20.6	)	$	7.2
Net income (loss)	4.5			(5.6		)	26.2			(20.6		)	4.5
Preferred stock dividends	2.6			—			—			—			2.6
Net income (loss) applicable to common shareowners	$	1.9		$	(5.6	)	$	26.2		$	(20.6	)	$	1.9

Condensed Consolidating Statements of Operations and Comprehensive Income (Loss)
	Six Months Ended June 30, 2013
(dollars in millions)	Parent (Issuer)			Guarantors			Non-guarantors			Eliminations			Total
Revenue	$	—		$	353.3		$	312.5		$	(28.1	)	$	637.7
Operating costs and expenses	49.7			333.6			216.5			(28.1		)	571.7
Operating (loss) income	(49.7		)	19.7			96.0			—			66.0
Interest expense, net	82.1			7.7			3.5			—			93.3
Other (income) expense, net	(0.7		)	8.9			(1.8		)	—			6.4
(Loss) income before equity in earnings of subsidiaries and income taxes	(131.1		)	3.1			94.3			—			(33.7		)
Income tax (benefit) expense	(41.3		)	8.8			34.7			—			2.2
Equity in earnings of subsidiaries, net of tax	53.9			0.7			—			(54.6		)	—
Net (loss) income	(35.9		)	(5.0		)	59.6			(54.6		)	(35.9		)
Other comprehensive income (loss)	11.7			—			(0.1		)	—			11.6
Total comprehensive (loss) income	$	(24.2	)	$	(5.0	)	$	59.5		$	(54.6	)	$	(24.3	)
Net (loss) income	(35.9		)	(5.0		)	59.6			(54.6		)	(35.9		)
Preferred stock dividends	5.2			—			—			—			5.2
Net (loss) income applicable to common shareowners	$	(41.1	)	$	(5.0	)	$	59.6		$	(54.6	)	$	(41.1	)
	Six Months Ended June 30, 2012
	Parent (Issuer)			Guarantors			Non-guarantors			Eliminations			Total
Revenue	$	—		$	353.9		$	408.1		$	(31.0	)	$	731.0
Operating costs and expenses	11.1			316.8			287.9			(31.0		)	584.8
Operating (loss) income	(11.1		)	37.1			120.2			—			146.2
Interest expense, net	81.4			3.8			22.9			—			108.1
Other (income) expense, net	(0.7		)	4.1			(1.9		)	—			1.5
(Loss) income before equity in earnings of subsidiaries and income taxes	(91.8		)	29.2			99.2			—			36.6
Income tax (benefit) expense	(29.8		)	11.6			37.7			—			19.5
Equity in earnings of subsidiaries, net of tax	79.1			(13.8		)	—			(65.3		)	—
Net income	17.1			3.8			61.5			(65.3		)	17.1
Other comprehensive income	4.1			—			—			—			4.1
Total comprehensive income	$	21.2		$	3.8		$	61.5		$	(65.3	)	$	21.2
Net income	17.1			3.8			61.5			(65.3		)	17.1
Preferred stock dividends	5.2			—			—			—			5.2
Net income applicable to common shareowners	$	11.9		$	3.8		$	61.5		$	(65.3	)	$	11.9

Condensed Consolidating Balance Sheets
	As of June 30, 2013
(dollars in millions)	Parent (Issuer)			Guarantors		Non-guarantors		Eliminations			Total
Cash and cash equivalents	$	3.3		$	0.7	$	1.5	$	—		$	5.5
Receivables, net	0.9			7.4		147.9		—			156.2
Other current assets	3.5			31.5		35.3		(0.5		)	69.8
Total current assets	7.7			39.6		184.7		(0.5		)	231.5
Property, plant and equipment, net	0.1			197.4		681.5		—			879.0
Investment in CyrusOne	—			489.3		—		—			489.3
Goodwill and intangibles, net	—			105.3		2.3		—			107.6
Investments in and advances to subsidiaries	1,419.1			340.3		251.1		(2,010.5		)	—
Other noncurrent assets	389.2			189.6		7.5		(148.3		)	438.0
Total assets	$	1,816.1		$	1,361.5	$	1,127.1	$	(2,159.3	)	$	2,145.4
Current portion of long-term debt	$	—		$	3.0	$	4.2	$	—		$	7.2
Accounts payable	0.7			66.4		37.8		—			104.9
Other current liabilities	79.2			34.9		47.8		0.7			162.6
Total current liabilities	79.9			104.3		89.8		0.7			274.7
Long-term debt, less current portion	1,850.6			87.3		245.1		—			2,183.0
Other noncurrent liabilities	346.3			63.6		147.0		(149.5		)	407.4
Intercompany payables	259.0			158.8		41.8		(459.6		)	—
Total liabilities	2,535.8			414.0		523.7		(608.4		)	2,865.1
Shareowners’ (deficit) equity	(719.7		)	947.5		603.4		(1,550.9		)	(719.7		)
Total liabilities and shareowners’ equity (deficit)	$	1,816.1		$	1,361.5	$	1,127.1	$	(2,159.3	)	$	2,145.4
	As of December 31, 2012
	Parent (Issuer)			Guarantors		Non-guarantors		Eliminations			Total
Cash and cash equivalents	$	3.8		$	0.3	$	19.5	$	—		$	23.6
Receivables, net	1.0			1.2		196.8		—			199.0
Other current assets	3.1			27.7		50.5		(0.4		)	80.9
Total current assets	7.9			29.2		266.8		(0.4		)	303.5
Property, plant and equipment, net	0.1			220.9		1,366.4		—			1,587.4
Goodwill and intangibles, net	—			106.4		381.0		—			487.4
Investments in and advances to subsidiaries	1,449.9			506.4		192.5		(2,148.8		)	—
Other noncurrent assets	384.6			218.5		54.1		(163.1		)	494.1
Total assets	$	1,842.5		$	1,081.4	$	2,260.8	$	(2,312.3	)	$	2,872.4
Current portion of long-term debt	$	—		$	3.9	$	9.5	$	—		$	13.4
Accounts payable	1.2			90.2		44.2		—			135.6
Other current liabilities	85.6			33.6		86.3		0.9			206.4
Total current liabilities	86.8			127.7		140.0		0.9			355.4
Long-term debt, less current portion	1,841.7			88.4		745.9		—			2,676.0
Other noncurrent liabilities	383.3			90.6		229.7		(164.4		)	539.2
Intercompany payables	228.9			160.0		102.6		(491.5		)	—
Total liabilities	2,540.7			466.7		1,218.2		(655.0		)	3,570.6
Shareowners’ (deficit) equity	(698.2		)	614.7		1,042.6		(1,657.3		)	(698.2		)
Total liabilities and shareowners’ equity (deficit)	$	1,842.5		$	1,081.4	$	2,260.8	$	(2,312.3	)	$	2,872.4

Condensed Consolidating Statements of Cash Flows
	Six Months Ended June 30, 2013
(dollars in millions)	Parent (Issuer)			Guarantors			Non-guarantors			Eliminations		Total
Cash flows (used in) provided by operating activities	$	(123.1	)	$	13.1		$	139.4		$	—	$	29.4
Capital expenditures	—			(18.9		)	(77.0		)	—		(95.9		)
Dividends received from CyrusOne	—			7.0			—			—		7.0
Proceeds from sale of assets	—			—			1.6			—		1.6
Cash divested from deconsolidation of CyrusOne	—			—			(12.2		)	—		(12.2		)
Other investing activities	—			—			0.4			—		0.4
Cash flows used in investing activities	—			(11.9		)	(87.2		)	—		(99.1		)
Funding between Parent and subsidiaries, net	115.0			1.5			(116.5		)	—		—
Borrowings on revolving facilities, net	8.0			—			48.8			—		56.8
Repayment of debt	—			(2.3		)	(2.5		)	—		(4.8		)
Proceeds from exercise of options and warrants	6.6			—			—			—		6.6
Other financing activities	(7.0		)	—			—			—		(7.0		)
Cash flows provided by (used in) financing activities	122.6			(0.8		)	(70.2		)	—		51.6
(Decrease) increase in cash and cash equivalents	(0.5		)	0.4			(18.0		)	—		(18.1		)
Beginning cash and cash equivalents	3.8			0.3			19.5			—		23.6
Ending cash and cash equivalents	$	3.3		$	0.7		$	1.5		$	—	$	5.5
	Six Months Ended June 30, 2012
	Parent (Issuer)			Guarantors			Non-guarantors			Eliminations		Total
Cash flows (used in) provided by operating activities	$	(75.0	)	$	19.4		$	147.5		$	—	$	91.9
Capital expenditures	—			(14.9		)	(152.5		)	—		(167.4		)
Cash flows used in investing activities	—			(14.9		)	(152.5		)	—		(167.4		)
Funding between Parent and subsidiaries, net	10.8			(1.8		)	(9.0		)	—		—
Increase in receivables facility, net	—			—			19.0			—		19.0
Repayment of debt	—			(2.6		)	(5.4		)	—		(8.0		)
Common stock repurchase	(0.3		)	—			—			—		(0.3		)
Other financing activities	(4.7		)	(0.1		)	—			—		(4.8		)
Cash flows provided by (used in) financing activities	5.8			(4.5		)	4.6			—		5.9
Decrease in cash and cash equivalents	(69.2		)	—			(0.4		)	—		(69.6		)
Beginning cash and cash equivalents	69.6			0.7			3.4			—		73.7
Ending cash and cash equivalents	$	0.4		$	0.7		$	3.0		$	—	$	4.1