XML 33 R78.htm IDEA: XBRL DOCUMENT v2.4.0.8
Supplemental Guarantor Information HY (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2013
Sep. 30, 2013
Jun. 30, 2013
Mar. 31, 2013
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Condensed Consolidating Statements of Operations and Comprehensive Income (Loss) [Abstract]                        
Revenue $ 308.4 $ 310.8 $ 312.0 $ 325.7 $ 374.7 $ 368.2 $ 368.2 $ 362.8 $ 1,256.9 $ 1,473.9 $ 1,462.4  
Operating costs and expenses                 1,093.1 1,203.8 1,202.9  
Operating income (loss) 40.1 57.7 46.8 19.2 57.9 66.0 65.2 81.0 163.8 270.1 259.5  
Interest expense (income), net                 182.0 218.9 215.0  
Other expense (income), net                 (1.3) 1.7 0.9  
(Loss) income before equity in earnings of subsidiaries and income taxes                 (57.2) 35.9 43.6  
Income tax (benefit) expense                 (2.5) 24.7 25.0  
Net (loss) income (28.1) 9.3 0.8 (36.7) (9.8) 3.9 4.5 12.6 (54.7) 11.2 18.6  
Other comprehensive income (loss)                 76.4 (0.8) (48.9)  
Total comprehensive income (loss)                 21.7 10.4 (30.3)  
Preferred stock dividends                 10.4 10.4 10.4  
Net (loss) income applicable to common shareowners                 (65.1) 0.8 8.2  
Condensed Consolidating Balance Sheets [Abstract]                        
Cash and cash equivalents 4.6       23.6       4.6 23.6 73.7  
Other current assets 1.6       11.6       1.6 11.6    
Total current assets 251.1       303.5       251.1 303.5    
Property, plant and equipment, net 902.8       1,587.4       902.8 1,587.4    
Investment in CyrusOne 471.0       0       471.0 0    
Other noncurrent assets 36.6       86.3       36.6 86.3    
Total assets 2,107.3       2,872.4       2,107.3 2,872.4    
Current portion of long-term debt 12.6       13.4       12.6 13.4    
Accounts payable 89.4       135.6       89.4 135.6    
Other current liabilities 36.8       40.2       36.8 40.2    
Total current liabilities 254.3       355.4       254.3 355.4    
Long-term debt, less current portion 2,252.6       2,676.0       2,252.6 2,676.0    
Other noncurrent liabilities 74.4       176.5       74.4 176.5    
Total liabilities 2,784.0       3,570.6       2,784.0 3,570.6    
Shareowners' (deficit) equity (676.7)       (698.2)       (676.7) (698.2) (715.2) (667.8)
Total liabilities and shareowners' equity (deficit) 2,107.3       2,872.4       2,107.3 2,872.4    
Condensed Consolidating Statements of Cash Flows [Abstract]                        
Cash flows (used in) provided by operating activities                 78.8 212.7 289.9  
Capital expenditures                 (196.9) (367.2) (255.5)  
Dividends received from CyrusOne                 21.3 0 0  
Proceeds from sale of assets                 2.0 1.6 11.5  
Cash divested from deconsolidation of CyrusOne                 (12.2) 0 0  
Other investing activities                 0 0 (0.7)  
Cash flows provided by (used in) investing activities                 (185.4) (371.8) (244.7)  
Proceeds from issuance of long-term debt                 536.0 525.0 0  
Debt issuance costs                 (6.7) (20.9) (0.8)  
Net increase in corporate credit and receivables facilities with initial maturities less than 90 days                 94.2 52.0 0.4  
Repayment of debt                 (530.8) (442.4) (11.5)  
Common stock issuance costs                 0 (5.7) 0  
Common stock repurchase                 0 (0.3) (10.4)  
Proceeds from exercise of options and warrants                 7.1 12.1 0.4  
Other financing activities                 (2.3) (2.8) (16.5)  
Cash flows provided by (used in) financing activities                 87.6 109.0 (48.8)  
(Decrease) increase in cash and cash equivalents                 (19.0) (50.1) (3.6)  
Cash and cash equivalents at beginning of year       23.6       73.7 23.6 73.7 77.3  
Cash and cash equivalents at end of year 4.6       23.6       4.6 23.6 73.7  
Notes guaranteed by subsidiaries [Member]
                       
Condensed Consolidating Statements of Operations and Comprehensive Income (Loss) [Abstract]                        
Revenue                 1,256.9 1,473.9 1,462.4  
Operating costs and expenses                 1,093.1 1,203.8 1,202.9  
Operating income (loss)                 163.8 270.1 259.5  
Interest expense (income), net                 182.0 218.9 215.0  
Other expense (income), net                 39.0 15.3 0.9  
(Loss) income before equity in earnings of subsidiaries and income taxes                 (57.2) 35.9 43.6  
Income tax (benefit) expense                 (2.5) 24.7 25.0  
Equity in earnings of subsidiaries, net of tax                 0 0 0  
Net (loss) income                 (54.7) 11.2 18.6  
Other comprehensive income (loss)                 76.4 (0.8) (48.9)  
Total comprehensive income (loss)                 21.7 10.4 (30.3)  
Preferred stock dividends                 10.4 10.4 10.4  
Net (loss) income applicable to common shareowners                 (65.1) 0.8 8.2  
Condensed Consolidating Balance Sheets [Abstract]                        
Cash and cash equivalents 4.6       23.6       4.6 23.6 73.7  
Receivables, net 154.8       199.0       154.8 199.0    
Other current assets 91.7       80.9       91.7 80.9    
Total current assets 251.1       303.5       251.1 303.5    
Property, plant and equipment, net 902.8       1,587.4       902.8 1,587.4    
Investment in CyrusOne 471.0               471.0      
Goodwill and intangibles, net 106.1       487.4       106.1 487.4    
Investments in and advances to subsidiaries 0       0       0 0    
Other noncurrent assets 376.3       494.1       376.3 494.1    
Total assets 2,107.3       2,872.4       2,107.3 2,872.4    
Current portion of long-term debt 12.6       13.4       12.6 13.4    
Accounts payable 89.9       135.6       89.9 135.6    
Other current liabilities 151.8       206.4       151.8 206.4    
Total current liabilities 254.3       355.4       254.3 355.4    
Long-term debt, less current portion 2,252.6       2,676.0       2,252.6 2,676.0    
Other noncurrent liabilities 277.1       539.2       277.1 539.2    
Intercompany payables 0       0       0 0    
Total liabilities 2,784.0       3,570.6       2,784.0 3,570.6    
Shareowners' (deficit) equity (676.7)       (698.2)       (676.7) (698.2)    
Total liabilities and shareowners' equity (deficit) 2,107.3       2,872.4       2,107.3 2,872.4    
Condensed Consolidating Statements of Cash Flows [Abstract]                        
Cash flows (used in) provided by operating activities                 78.8 212.7 289.9  
Capital expenditures                 (196.9) (367.2) (255.5)  
Dividends received from CyrusOne                 21.3      
Proceeds from sale of assets                 2.0 1.6 11.5  
Cash divested from deconsolidation of CyrusOne                 (12.2)      
Other investing activities                 0.4 (6.2) (0.7)  
Cash flows provided by (used in) investing activities                 (185.4) (371.8) (244.7)  
Proceeds from issuance of long-term debt                 536.0 525.0    
Funding between Parent and subsidiaries, net                 0 0 0  
Debt issuance costs                 (6.7) (20.9)    
Net increase in corporate credit and receivables facilities with initial maturities less than 90 days                 94.2 52.0 0.4  
Repayment of debt                 (530.8) (442.4) (11.5)  
Common stock issuance costs                   (5.7)    
Common stock repurchase                   (0.3) (10.4)  
Proceeds from exercise of options and warrants                 7.1 12.1    
Other financing activities                 (12.2) (10.8) (27.3)  
Cash flows provided by (used in) financing activities                 87.6 109.0 (48.8)  
(Decrease) increase in cash and cash equivalents                 (19.0) (50.1) (3.6)  
Cash and cash equivalents at beginning of year       23.6       73.7 23.6 73.7 77.3  
Cash and cash equivalents at end of year 4.6       23.6       4.6 23.6 73.7  
Notes guaranteed by subsidiaries [Member] | Parent Company [Member]
                       
Condensed Consolidating Statements of Operations and Comprehensive Income (Loss) [Abstract]                        
Revenue                 0 0 3.4  
Operating costs and expenses                 55.4 33.9 23.6  
Operating income (loss)                 (55.4) (33.9) (20.2)  
Interest expense (income), net                 164.3 164.8 161.8  
Other expense (income), net                 28.2 11.5 (0.9)  
(Loss) income before equity in earnings of subsidiaries and income taxes                 (247.9) (210.2) (181.1)  
Income tax (benefit) expense                 (79.8) (68.3) (56.4)  
Equity in earnings of subsidiaries, net of tax                 113.4 153.1 143.3  
Net (loss) income                 (54.7) 11.2 18.6  
Other comprehensive income (loss)                 76.5 (0.8) (48.8)  
Total comprehensive income (loss)                 21.8 10.4 (30.2)  
Preferred stock dividends                 10.4 10.4 10.4  
Net (loss) income applicable to common shareowners                 (65.1) 0.8 8.2  
Condensed Consolidating Balance Sheets [Abstract]                        
Cash and cash equivalents 2.1       3.8       2.1 3.8 69.6  
Receivables, net 2.6       1.0       2.6 1.0    
Other current assets 4.4       3.1       4.4 3.1    
Total current assets 9.1       7.9       9.1 7.9    
Property, plant and equipment, net 0.1       0.1       0.1 0.1    
Investment in CyrusOne 0               0      
Goodwill and intangibles, net 0       0       0 0    
Investments in and advances to subsidiaries 1,406.6       1,449.9       1,406.6 1,449.9    
Other noncurrent assets 359.1       384.6       359.1 384.6    
Total assets 1,774.9       1,842.5       1,774.9 1,842.5    
Current portion of long-term debt 5.4       0       5.4 0    
Accounts payable 1.5       1.2       1.5 1.2    
Other current liabilities 67.7       85.6       67.7 85.6    
Total current liabilities 74.6       86.8       74.6 86.8    
Long-term debt, less current portion 1,916.1       1,841.7       1,916.1 1,841.7    
Other noncurrent liabilities 214.5       383.3       214.5 383.3    
Intercompany payables 246.4       228.9       246.4 228.9    
Total liabilities 2,451.6       2,540.7       2,451.6 2,540.7    
Shareowners' (deficit) equity (676.7)       (698.2)       (676.7) (698.2)    
Total liabilities and shareowners' equity (deficit) 1,774.9       1,842.5       1,774.9 1,842.5    
Condensed Consolidating Statements of Cash Flows [Abstract]                        
Cash flows (used in) provided by operating activities                 (218.1) (144.8) (139.6)  
Capital expenditures                 0 0 0  
Dividends received from CyrusOne                 0      
Proceeds from sale of assets                 0 0 11.5  
Cash divested from deconsolidation of CyrusOne                 0      
Other investing activities                 0 0 (0.7)  
Cash flows provided by (used in) investing activities                 0 0 10.8  
Proceeds from issuance of long-term debt                 536.0 0    
Funding between Parent and subsidiaries, net                 174.2 433.6 150.3  
Debt issuance costs                 (6.7) (3.6)    
Net increase in corporate credit and receivables facilities with initial maturities less than 90 days                 40.0 0 0  
Repayment of debt                 (522.0) (352.0) 0  
Common stock issuance costs                   0    
Common stock repurchase                   (0.3) (10.4)  
Proceeds from exercise of options and warrants                 7.1 12.1    
Other financing activities                 (12.2) (10.8) (11.3)  
Cash flows provided by (used in) financing activities                 216.4 79.0 128.6  
(Decrease) increase in cash and cash equivalents                 (1.7) (65.8) (0.2)  
Cash and cash equivalents at beginning of year       3.8       69.6 3.8 69.6 69.8  
Cash and cash equivalents at end of year 2.1       3.8       2.1 3.8 69.6  
Notes guaranteed by subsidiaries [Member] | Guarantor Subsidiaries [Member]
                       
Condensed Consolidating Statements of Operations and Comprehensive Income (Loss) [Abstract]                        
Revenue                 704.6 713.4 741.6  
Operating costs and expenses                 667.5 646.5 714.0  
Operating income (loss)                 37.1 66.9 27.6  
Interest expense (income), net                 14.9 7.8 9.7  
Other expense (income), net                 17.4 9.1 9.7  
(Loss) income before equity in earnings of subsidiaries and income taxes                 4.8 50.0 8.2  
Income tax (benefit) expense                 9.7 19.2 2.6  
Equity in earnings of subsidiaries, net of tax                 0.7 (11.8) 11.1  
Net (loss) income                 (4.2) 19.0 16.7  
Other comprehensive income (loss)                 0 0 0  
Total comprehensive income (loss)                 (4.2) 19.0 16.7  
Preferred stock dividends                 0 0 0  
Net (loss) income applicable to common shareowners                 (4.2) 19.0 16.7  
Condensed Consolidating Balance Sheets [Abstract]                        
Cash and cash equivalents 0.3       0.3       0.3 0.3 0.7  
Receivables, net 7.2       1.2       7.2 1.2    
Other current assets 60.7       27.7       60.7 27.7    
Total current assets 68.2       29.2       68.2 29.2    
Property, plant and equipment, net 194.1       220.9       194.1 220.9    
Investment in CyrusOne 471.0               471.0      
Goodwill and intangibles, net 103.8       106.4       103.8 106.4    
Investments in and advances to subsidiaries (1.6)       506.4       (1.6) 506.4    
Other noncurrent assets 179.9       218.5       179.9 218.5    
Total assets 1,015.4       1,081.4       1,015.4 1,081.4    
Current portion of long-term debt 3.0       3.9       3.0 3.9    
Accounts payable 72.3       90.2       72.3 90.2    
Other current liabilities 36.9       33.6       36.9 33.6    
Total current liabilities 112.2       127.7       112.2 127.7    
Long-term debt, less current portion 87.0       88.4       87.0 88.4    
Other noncurrent liabilities 61.3       90.6       61.3 90.6    
Intercompany payables 149.9       160.0       149.9 160.0    
Total liabilities 410.4       466.7       410.4 466.7    
Shareowners' (deficit) equity 605.0       614.7       605.0 614.7    
Total liabilities and shareowners' equity (deficit) 1,015.4       1,081.4       1,015.4 1,081.4    
Condensed Consolidating Statements of Cash Flows [Abstract]                        
Cash flows (used in) provided by operating activities                 26.2 51.3 120.0  
Capital expenditures                 (36.1) (30.2) (31.2)  
Dividends received from CyrusOne                 21.3      
Proceeds from sale of assets                 0 0 0  
Cash divested from deconsolidation of CyrusOne                 0      
Other investing activities                 0 0 0  
Cash flows provided by (used in) investing activities                 (14.8) (30.2) (31.2)  
Proceeds from issuance of long-term debt                 0 0    
Funding between Parent and subsidiaries, net                 (7.4) (16.9) (86.6)  
Debt issuance costs                 0 0    
Net increase in corporate credit and receivables facilities with initial maturities less than 90 days                 0 0 0  
Repayment of debt                 (4.0) (4.6) (2.3)  
Common stock issuance costs                   0    
Common stock repurchase                   0 0  
Proceeds from exercise of options and warrants                 0 0    
Other financing activities                 0 0 0  
Cash flows provided by (used in) financing activities                 (11.4) (21.5) (88.9)  
(Decrease) increase in cash and cash equivalents                 0 (0.4) (0.1)  
Cash and cash equivalents at beginning of year       0.3       0.7 0.3 0.7 0.8  
Cash and cash equivalents at end of year 0.3       0.3       0.3 0.3 0.7  
Notes guaranteed by subsidiaries [Member] | Non-Guarantor Subsidiaries [Member]
                       
Condensed Consolidating Statements of Operations and Comprehensive Income (Loss) [Abstract]                        
Revenue                 608.6 822.7 774.8  
Operating costs and expenses                 426.5 585.6 522.7  
Operating income (loss)                 182.1 237.1 252.1  
Interest expense (income), net                 2.8 46.3 43.5  
Other expense (income), net                 (6.6) (5.3) (7.9)  
(Loss) income before equity in earnings of subsidiaries and income taxes                 185.9 196.1 216.5  
Income tax (benefit) expense                 67.6 73.8 78.8  
Equity in earnings of subsidiaries, net of tax                 0 0 0  
Net (loss) income                 118.3 122.3 137.7  
Other comprehensive income (loss)                 (0.1) 0 (0.1)  
Total comprehensive income (loss)                 118.2 122.3 137.6  
Preferred stock dividends                 0 0 0  
Net (loss) income applicable to common shareowners                 118.3 122.3 137.7  
Condensed Consolidating Balance Sheets [Abstract]                        
Cash and cash equivalents 2.2       19.5       2.2 19.5 3.4  
Receivables, net 145.0       196.8       145.0 196.8    
Other current assets 27.3       50.5       27.3 50.5    
Total current assets 174.5       266.8       174.5 266.8    
Property, plant and equipment, net 708.6       1,366.4       708.6 1,366.4    
Investment in CyrusOne 0               0      
Goodwill and intangibles, net 2.3       381.0       2.3 381.0    
Investments in and advances to subsidiaries 218.2       192.5       218.2 192.5    
Other noncurrent assets 5.1       54.1       5.1 54.1    
Total assets 1,108.7       2,260.8       1,108.7 2,260.8    
Current portion of long-term debt 4.2       9.5       4.2 9.5    
Accounts payable 16.1       44.2       16.1 44.2    
Other current liabilities 47.1       86.3       47.1 86.3    
Total current liabilities 67.4       140.0       67.4 140.0    
Long-term debt, less current portion 249.5       745.9       249.5 745.9    
Other noncurrent liabilities 169.9       229.7       169.9 229.7    
Intercompany payables 33.2       102.6       33.2 102.6    
Total liabilities 520.0       1,218.2       520.0 1,218.2    
Shareowners' (deficit) equity 588.7       1,042.6       588.7 1,042.6    
Total liabilities and shareowners' equity (deficit) 1,108.7       2,260.8       1,108.7 2,260.8    
Condensed Consolidating Statements of Cash Flows [Abstract]                        
Cash flows (used in) provided by operating activities                 270.7 306.2 309.5  
Capital expenditures                 (160.8) (337.0) (224.3)  
Dividends received from CyrusOne                 0      
Proceeds from sale of assets                 2.0 1.6 0  
Cash divested from deconsolidation of CyrusOne                 (12.2)      
Other investing activities                 0.4 (6.2) 0  
Cash flows provided by (used in) investing activities                 (170.6) (341.6) (224.3)  
Proceeds from issuance of long-term debt                 0 525.0    
Funding between Parent and subsidiaries, net                 (166.8) (416.7) (63.7)  
Debt issuance costs                 0 (17.3)    
Net increase in corporate credit and receivables facilities with initial maturities less than 90 days                 54.2 52.0 0.4  
Repayment of debt                 (4.8) (85.8) (9.2)  
Common stock issuance costs                   (5.7)    
Common stock repurchase                   0 0  
Proceeds from exercise of options and warrants                 0 0    
Other financing activities                 0 0 (16.0)  
Cash flows provided by (used in) financing activities                 (117.4) 51.5 (88.5)  
(Decrease) increase in cash and cash equivalents                 (17.3) 16.1 (3.3)  
Cash and cash equivalents at beginning of year       19.5       3.4 19.5 3.4 6.7  
Cash and cash equivalents at end of year 2.2       19.5       2.2 19.5 3.4  
Notes guaranteed by subsidiaries [Member] | Consolidation, Eliminations [Member]
                       
Condensed Consolidating Statements of Operations and Comprehensive Income (Loss) [Abstract]                        
Revenue                 (56.3) (62.2) (57.4)  
Operating costs and expenses                 (56.3) (62.2) (57.4)  
Operating income (loss)                 0 0 0  
Interest expense (income), net                 0 0 0  
Other expense (income), net                 0 0 0  
(Loss) income before equity in earnings of subsidiaries and income taxes                 0 0 0  
Income tax (benefit) expense                 0 0 0  
Equity in earnings of subsidiaries, net of tax                 (114.1) (141.3) (154.4)  
Net (loss) income                 (114.1) (141.3) (154.4)  
Other comprehensive income (loss)                 0 0 0  
Total comprehensive income (loss)                 (114.1) (141.3) (154.4)  
Preferred stock dividends                 0 0 0  
Net (loss) income applicable to common shareowners                 (114.1) (141.3) (154.4)  
Condensed Consolidating Balance Sheets [Abstract]                        
Cash and cash equivalents 0       0       0 0 0  
Receivables, net 0       0       0 0    
Other current assets (0.7)       (0.4)       (0.7) (0.4)    
Total current assets (0.7)       (0.4)       (0.7) (0.4)    
Property, plant and equipment, net 0       0       0 0    
Investment in CyrusOne 0               0      
Goodwill and intangibles, net 0       0       0 0    
Investments in and advances to subsidiaries (1,623.2)       (2,148.8)       (1,623.2) (2,148.8)    
Other noncurrent assets (167.8)       (163.1)       (167.8) (163.1)    
Total assets (1,791.7)       (2,312.3)       (1,791.7) (2,312.3)    
Current portion of long-term debt 0       0       0 0    
Accounts payable 0       0       0 0    
Other current liabilities 0.1       0.9       0.1 0.9    
Total current liabilities 0.1       0.9       0.1 0.9    
Long-term debt, less current portion 0       0       0 0    
Other noncurrent liabilities (168.6)       (164.4)       (168.6) (164.4)    
Intercompany payables (429.5)       (491.5)       (429.5) (491.5)    
Total liabilities (598.0)       (655.0)       (598.0) (655.0)    
Shareowners' (deficit) equity (1,193.7)       (1,657.3)       (1,193.7) (1,657.3)    
Total liabilities and shareowners' equity (deficit) (1,791.7)       (2,312.3)       (1,791.7) (2,312.3)    
Condensed Consolidating Statements of Cash Flows [Abstract]                        
Cash flows (used in) provided by operating activities                 0 0 0  
Capital expenditures                 0 0 0  
Dividends received from CyrusOne                 0      
Proceeds from sale of assets                 0 0 0  
Cash divested from deconsolidation of CyrusOne                 0      
Other investing activities                 0 0 0  
Cash flows provided by (used in) investing activities                 0 0 0  
Proceeds from issuance of long-term debt                 0 0    
Funding between Parent and subsidiaries, net                 0 0 0  
Debt issuance costs                 0 0    
Net increase in corporate credit and receivables facilities with initial maturities less than 90 days                 0 0 0  
Repayment of debt                 0 0 0  
Common stock issuance costs                   0    
Common stock repurchase                   0 0  
Proceeds from exercise of options and warrants                 0 0    
Other financing activities                 0 0 0  
Cash flows provided by (used in) financing activities                 0 0 0  
(Decrease) increase in cash and cash equivalents                 0 0 0  
Cash and cash equivalents at beginning of year       0       0 0 0 0  
Cash and cash equivalents at end of year $ 0       $ 0       $ 0 $ 0 $ 0