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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2015
Dec. 31, 2014
Current assets    
Cash and cash equivalents $ 14.8 $ 57.9
Receivables, less allowances of $10.5 and $12.4 150.0 160.8
Receivable from CyrusOne 5.2 7.7
Inventory, materials and supplies 24.1 25.0
Deferred income taxes, net 61.7 68.9
Prepaid expenses 13.8 10.8
Other current assets 1.3 1.8
Other current assets from discontinued operations 1.6 4.7
Total current assets 272.5 337.6
Property, plant and equipment, net 894.5 815.4
Investment in CyrusOne 124.9 273.6
Goodwill 14.4 14.4
Intangible assets, net 0.3 0.5
Deferred income taxes, net 174.4 300.7
Other noncurrent assets 28.6 33.9
Other noncurrent assets from discontinued operations 0.0 44.6
Total assets 1,509.6 1,820.7
Current liabilities    
Current portion of long-term debt 12.5 11.6
Accounts payable 123.7 131.6
Payable to CyrusOne 1.6 0.4
Unearned revenue and customer deposits 27.7 30.4
Accrued taxes 12.6 9.9
Accrued interest 13.6 22.1
Accrued payroll and benefits 37.3 37.0
Other current liabilities 23.9 25.8
Other current liabilities from discontinued operations 19.8 142.0
Total current liabilities 272.7 410.8
Long-term debt, less current portion 1,379.0 1,689.4
Pension and postretirement benefit obligations 220.2 240.1
Other noncurrent liabilities 39.1 26.2
Other noncurrent liabilities from discontinued operations 2.1 102.7
Total liabilities 1,913.1 2,469.2
Shareowners' deficit    
Preferred stock, 2,357,299 shares authorized, 155,250 shares (3,105,000 depositary shares) of 6 3/4% Cumulative Convertible Preferred Stock issued and outstanding at June 30, 2015 and December 31, 2014; liquidation preference $1,000 per share ($50 per depositary share) 129.4 129.4
Common shares, $.01 par value; 480,000,000 shares authorized; 210,003,255 and 209,571,138 shares issued; 209,862,205 and 209,296,068 shares outstanding at June 30, 2015 and December 31, 2014 2.1 2.1
Additional paid-in capital 2,579.1 2,582.9
Accumulated deficit (2,947.1) (3,187.9)
Accumulated other comprehensive loss (166.5) (173.9)
Common shares in treasury, at cost (0.5) (1.1)
Total shareowners' deficit (403.5) (648.5)
Total liabilities and shareowners' deficit $ 1,509.6 $ 1,820.7