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Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenue        
Services $ 229.4 $ 221.8 $ 459.2 $ 442.6
Products 56.4 61.2 119.5 122.6
Total revenue 285.8 283.0 578.7 565.2
Costs and expenses        
Cost of services, excluding items below 114.4 99.4 228.0 196.6
Cost of products sold, excluding items below 47.8 54.7 100.4 108.2
Selling, general and administrative, excluding items below 57.0 49.5 109.2 98.8
Depreciation and amortization 34.0 31.0 66.6 62.1
Restructuring charges 2.3 1.2 5.7 1.2
(Gain) loss on sale or disposal of assets, net 0.3 (0.1) 1.7 (0.1)
Curtailment loss 0.3 0.0 0.3 0.0
Transaction costs 0.0 0.0 0.0 0.7
Total operating costs and expenses 256.1 235.7 511.9 467.5
Operating income 29.7 47.3 66.8 97.7
Interest expense 28.0 39.5 60.7 78.3
Loss on extinguishment of debt 13.5 0.0 13.5 0.0
Loss from CyrusOne equity method investment 1.3 2.4 4.4 1.9
Gain on sale of CyrusOne equity method investment (295.2) (192.8) (295.2) (192.8)
Other expense (income), net 0.0 (0.9) 0.4 (1.2)
Income from continuing operations before income taxes 282.1 199.1 283.0 211.5
Income tax expense 101.4 75.4 102.0 81.9
Income from continuing operations 180.7 123.7 181.0 129.6
Income (loss) from discontinued operations (net of tax) 10.9 (9.5) 59.8 (8.4)
Net income 191.6 114.2 240.8 121.2
Preferred stock dividends 2.6 2.6 5.2 5.2
Net income applicable to common shareowners $ 189.0 $ 111.6 $ 235.6 $ 116.0
Basic net earnings per common share        
Basic earnings per common share from continuing operations $ 0.85 $ 0.58 $ 0.84 $ 0.60
Basic earnings (loss) per common share from discontinued operations 0.05 (0.04) 0.29 (0.04)
Basic net earnings per common share 0.90 0.54 1.13 0.56
Diluted net earnings per common share        
Diluted earnings per common share from continuing operations 0.84 0.58 0.84 0.59
Diluted earnings (loss) per common share from discontinued operations 0.05 (0.05) 0.28 (0.04)
Diluted net earnings per common share $ 0.89 $ 0.53 $ 1.12 $ 0.55
Continuing Operations [Member]        
Costs and expenses        
Net income $ 180.7 $ 123.7 $ 181.0 $ 129.6
Preferred stock dividends 2.6 2.6 5.2 5.2
Discontinued Operations [Member]        
Costs and expenses        
Selling, general and administrative, excluding items below 0.9 5.2 2.2 11.4
Depreciation and amortization 0.0 29.3 28.6 45.1
Restructuring charges 0.0 5.2 6.4 5.2
Operating income (0.9) (11.7) (38.3) (5.2)
Other expense (income), net 0.1 (1.0) 0.1 (1.9)
Income tax expense 5.1 (4.4) 32.2 (1.4)
Net income 10.9 (9.5) 59.8 (8.4)
Preferred stock dividends $ 0.0 $ 0.0 $ 0.0 $ 0.0