Investment in CyrusOne (Tables)

3 Months Ended

Mar. 31, 2015

Schedule of Condensed Income Statement, Equity Method Investee

Wireless financial results for the three months ended March 31, 2015 and 2014 reported as Income from discontinued operations (net of tax) on the Condensed Consolidated Statements of Operations are as follows:



	Three Months Ended
	March 31,
(dollars in millions)	2015			2014
Revenue	$	4.4		$	44.7
Costs and expenses
Cost of products and services	12.0			19.8
Selling, general and administrative	1.3			6.2
Depreciation and amortization expense	28.6			15.8
Restructuring charges	6.4			—
Amortization of deferred gain	(6.5		)	(3.6		)
Total operating costs and expenses	41.8			38.2
Operating income (loss)	(37.4		)	6.5
Interest (income) expense	(0.8		)	1.5
Other expense	—			0.9
Gain on sale of wireless spectrum licenses	112.6			—
Income before income taxes	76.0			4.1
Income tax expense	27.1			3.0
Net income from discontinued operations	$	48.9		$	1.1

Summarized financial information for CyrusOne is as follows:



	Three months ended
(dollars in millions)	March 31, 2015			March 31, 2014
Revenue	$	85.7		$	77.5
Operating income	1.6			11.8
Net (loss) income	(7.2		)	0.7

Revenues and operating costs and expenses from transactions with CyrusOne were as follows:



	Three months ended
(dollars in millions)	March 31, 2015			March 31, 2014
Revenue:
Services provided to CyrusOne	$	0.3		$	0.5

Operating costs and expenses:
Charges for services provided by CyrusOne	2.5			2.3
Administrative services provided to CyrusOne	(0.1		)	(0.1		)
Total operating costs and expenses	$	2.4		$	2.2

At March 31, 2015 and December 31, 2014, amounts receivable from and payable to CyrusOne were as follows:



	March 31,		December 31,
(dollars in millions)	2015		2014
Accounts receivable	$	0.6	$	1.7
Dividends receivable	9.0		6.0
Receivable from CyrusOne	$	9.6	$	7.7

Accounts payable	$	1.3	$	0.4
Payable to CyrusOne	$	1.3	$	0.4