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Supplemental Guarantor Information (Tables)
 9 Months Ended
Sep. 30, 2015
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 nine months ended September 30, 2015 and 2014, Condensed Consolidating Balance Sheets as of September 30, 2015 and December 31, 2014, and Condensed Consolidating Statements of Cash Flows for the nine months ended September 30, 2015 and 2014 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 September 30, 2015
(dollars in millions)
Parent
(Guarantor)
 
CBT
(Issuer)
 
Other
Non-guarantors
 
Eliminations
 
Total
Revenue
$
—

 
$
164.5

 
$
144.8

 
$
(9.5
)
 
$
299.8

Operating costs and expenses
2.4

 
135.9

 
134.8

 
(9.5
)
 
263.6

Operating income (loss)
(2.4
)
 
28.6

 
10.0

 
—

 
36.2

Interest expense (income), net
25.3

 
—

 
(3.8
)
 
—

 
21.5

Other expense (income), net
7.4

 
1.7

 
(117.8
)
 
—

 
(108.7
)
Income (loss) before equity in earnings of subsidiaries and income taxes
(35.1
)
 
26.9

 
131.6

 
—

 
123.4

Income tax expense (benefit)
(12.1
)
 
10.1

 
46.1

 
—

 
44.1

Equity in earnings of subsidiaries, net of tax
103.3

 
—

 
—

 
(103.3
)
 
—

Income (loss) from continuing operations
80.3


16.8


85.5


(103.3
)

79.3

Income (loss) from discontinued operations, net of tax
—

 
—

 
1.0

 
—

 
1.0

Net income (loss)
80.3


16.8


86.5


(103.3
)

80.3

Other comprehensive income (loss)
1.7

 
—

 
(0.3
)
 
—

 
1.4

Total comprehensive income (loss)
$
82.0

 
$
16.8

 
$
86.2

 
$
(103.3
)
 
$
81.7

 
 
 
 
 
 
 
 
 
 
Net income (loss)
80.3

 
16.8

 
86.5

 
(103.3
)
 
80.3

Preferred stock dividends
2.6

 
—

 
—

 
—

 
2.6

Net income (loss) applicable to common shareowners
$
77.7

 
$
16.8

 
$
86.5

 
$
(103.3
)
 
$
77.7

 
 
 
 
 
 
 
 
 
 
 
Three Months Ended September 30, 2014
 
Parent
(Guarantor)
 
CBT
(Issuer)
 
Other
Non-guarantors
 
Eliminations
 
Total
Revenue
$
—

 
$
163.8

 
$
146.8

 
$
(9.2
)
 
$
301.4

Operating costs and expenses
3.3

 
122.1

 
137.4

 
(9.2
)
 
253.6

Operating income (loss)
(3.3
)
 
41.7

 
9.4

 
—

 
47.8

Interest expense (income), net
34.3

 
(1.3
)
 
1.7

 
—

 
34.7

Other expense (income), net
19.0

 
1.6

 
(1.2
)
 
—

 
19.4

Income (loss) before equity in earnings of subsidiaries and income taxes
(56.6
)
 
41.4

 
8.9

 
—

 
(6.3
)
Income tax expense (benefit)
(17.2
)
 
15.2

 
3.2

 
—

 
1.2

Equity in earnings of subsidiaries, net of tax
12.1

 
—

 
—

 
(12.1
)
 
—

Income (loss) from continuing operations
(27.3
)

26.2


5.7


(12.1
)

(7.5
)
Income (loss) from discontinued operations, net of tax
—

 
—

 
(19.8
)
 
—

 
(19.8
)
Net income (loss)
(27.3
)

26.2


(14.1
)

(12.1
)

(27.3
)
Other comprehensive income (loss)
1.2

 
—

 
—

 
—

 
1.2

Total comprehensive income (loss)
$
(26.1
)
 
$
26.2

 
$
(14.1
)
 
$
(12.1
)
 
$
(26.1
)
 
 
 
 
 
 
 
 
 
 
Net income (loss)
(27.3
)
 
26.2

 
(14.1
)
 
(12.1
)
 
(27.3
)
Preferred stock dividends
2.6

 
—

 
—

 
—

 
2.6

Net income (loss) applicable to common shareowners
$
(29.9
)
 
$
26.2

 
$
(14.1
)
 
$
(12.1
)
 
$
(29.9
)
Condensed Consolidating Statements of Operations and Comprehensive Income (Loss)
  
Nine Months Ended September 30, 2015
(dollars in millions)
Parent
(Guarantor)
 
CBT
(Issuer)
 
Other
Non-guarantors
 
Eliminations
 
Total
Revenue
$
—

 
$
493.6

 
$
413.8

 
$
(28.9
)
 
$
878.5

Operating costs and expenses
14.1

 
398.5

 
391.8

 
(28.9
)
 
775.5

Operating income (loss)
(14.1
)
 
95.1

 
22.0

 
—

 
103.0

Interest expense (income), net
87.6

 
(1.1
)
 
(4.3
)
 
—

 
82.2

Other expense (income), net
20.1

 
5.2

 
(410.9
)
 
—

 
(385.6
)
Income (loss) before equity in earnings of subsidiaries and income taxes
(121.8
)
 
91.0

 
437.2

 
—

 
406.4

Income tax expense (benefit)
(41.8
)
 
33.3

 
154.6

 
—

 
146.1

Equity in earnings of subsidiaries, net of tax
401.1

 
—

 
—

 
(401.1
)
 
—

Income (loss) from continuing operations
321.1

 
57.7

 
282.6

 
(401.1
)
 
260.3

Income (loss) from discontinued operations, net of tax
—

 
—

 
60.8

 
—

 
60.8

Net income (loss)
321.1

 
57.7

 
343.4

 
(401.1
)
 
321.1

Other comprehensive income (loss)
9.2

 
—

 
(0.4
)
 
—

 
8.8

Total comprehensive income (loss)
$
330.3

 
$
57.7

 
$
343.0

 
$
(401.1
)
 
$
329.9

 
 
 
 
 
 
 
 
 
 
Net income (loss)
321.1

 
57.7

 
343.4

 
(401.1
)
 
321.1

Preferred stock dividends
7.8

 
—

 
—

 
—

 
7.8

Net income (loss) applicable to common shareowners
$
313.3

 
$
57.7

 
$
343.4

 
$
(401.1
)
 
$
313.3

 
 
 
 
 
 
 
 
 
 
 
Nine Months Ended September 30, 2014
 
Parent
(Guarantor)
 
CBT
(Issuer)
 
Other
Non-guarantors
 
Eliminations
 
Total
Revenue
$
—

 
$
491.4

 
$
404.5

 
$
(29.3
)
 
$
866.6

Operating costs and expenses
15.0

 
352.4

 
383.0

 
(29.3
)
 
721.1

Operating income (loss)
(15.0
)
 
139.0

 
21.5

 
—

 
145.5

Interest expense (income), net
108.4

 
(3.1
)
 
7.7

 
—

 
113.0

Other expense (income), net
18.2

 
5.5

 
(196.4
)
 
—

 
(172.7
)
Income (loss) before equity in earnings of subsidiaries and income taxes
(141.6
)
 
136.6

 
210.2

 
—

 
205.2

Income tax expense (benefit)
(41.9
)
 
50.0

 
75.0

 
—

 
83.1

Equity in earnings of subsidiaries, net of tax
193.6

 
—

 
—

 
(193.6
)
 
—

Income (loss) from continuing operations
93.9

 
86.6

 
135.2

 
(193.6
)
 
122.1

Income (loss) from discontinued operations, net of tax
—

 
—

 
(28.2
)
 
—

 
(28.2
)
Net income (loss)
93.9

 
86.6

 
107.0

 
(193.6
)
 
93.9

Other comprehensive income (loss)
3.6

 
—

 
—

 
—

 
3.6

Total comprehensive income (loss)
$
97.5

 
$
86.6

 
$
107.0

 
$
(193.6
)
 
$
97.5

 
 
 
 
 
 
 
 
 
 
Net income (loss)
93.9

 
86.6

 
107.0

 
(193.6
)
 
93.9

Preferred stock dividends
7.8

 
—

 
—

 
—

 
7.8

Net income (loss) applicable to common shareowners
$
86.1

 
$
86.6

 
$
107.0

 
$
(193.6
)
 
$
86.1

Condensed Consolidating Balance Sheets
 
 
 
 
 
 
 
 
 
  
As of September 30, 2015
(dollars in millions)
Parent
(Guarantor)
 
CBT
(Issuer)
 
Other
Non-guarantors
 
Eliminations
 
Total
Cash and cash equivalents
$
22.1

 
$
1.5

 
$
1.8

 
$
—

 
$
25.4

Receivables, net
0.7

 
—

 
162.9

 
—

 
163.6

Other current assets
4.4

 
29.5

 
29.0

 
(0.6
)
 
62.3

Total current assets
27.2


31.0


193.7


(0.6
)

251.3

Property, plant and equipment, net
0.3

 
878.5

 
51.6

 
—

 
930.4

Investment in CyrusOne
—

 
—

 
68.8

 
—

 
68.8

Goodwill and intangibles, net
—

 
2.2

 
12.5

 
—

 
14.7

Investments in and advances to subsidiaries
916.5

 
191.5

 
593.1

 
(1,701.1
)
 
—

Other noncurrent assets
233.5

 
4.0

 
112.0

 
(154.5
)
 
195.0

Total assets
$
1,177.5


$
1,107.2


$
1,031.7


$
(1,856.2
)

$
1,460.2

Current portion of long-term debt
$
5.4

 
$
3.8

 
$
3.2

 
$
—

 
$
12.4

Accounts payable
0.4

 
96.7

 
49.1

 
—

 
146.2

Other current liabilities
51.6

 
47.1

 
20.7

 
—

 
119.4

Other current liabilities from discontinued operations
—

 
—

 
11.9

 
—

 
11.9

Total current liabilities
57.4


147.6


84.9


—


289.9

Long-term debt, less current portion
1,040.7

 
141.8

 
53.8

 
—

 
1,236.3

Other noncurrent liabilities
227.9

 
175.3

 
9.2

 
(155.1
)
 
257.3

Intercompany payables
174.1

 
—

 
—

 
(174.1
)
 
—

Total liabilities
1,500.1

 
464.7

 
147.9

 
(329.2
)
 
1,783.5

Shareowners’ (deficit) equity
(322.6
)
 
642.5

 
883.8

 
(1,527.0
)
 
(323.3
)
Total liabilities and shareowners’ equity (deficit)
$
1,177.5

 
$
1,107.2

 
$
1,031.7

 
$
(1,856.2
)
 
$
1,460.2

 
As of December 31, 2014
 
Parent
(Guarantor)
 
CBT
(Issuer)
 
Other
Non-guarantors
 
Eliminations
 
Total
Cash and cash equivalents
$
56.2

 
$
1.0

 
$
0.7

 
$
—

 
$
57.9

Receivables, net
2.6

 
1.0

 
164.9

 
—

 
168.5

Other current assets
4.7

 
29.3

 
73.7

 
(1.2
)
 
106.5

Other current assets from discontinued operations
—

 
—

 
4.7

 
—

 
4.7

Total current assets
63.5

 
31.3

 
244.0

 
(1.2
)
 
337.6

Property, plant and equipment, net
0.2

 
764.0

 
51.2

 
—

 
815.4

Investment in CyrusOne
—

 
—

 
273.6

 
—

 
273.6

Goodwill and intangibles, net
—

 
2.2

 
12.7

 
—

 
14.9

Investments in and advances to subsidiaries
1,066.1

 
220.8

 
260.5

 
(1,547.4
)
 
—

Other noncurrent assets
294.2

 
4.9

 
190.5

 
(155.0
)
 
334.6

Other noncurrent assets from discontinued operations
—

 
—

 
44.6

 
—

 
44.6

Total assets
$
1,424.0

 
$
1,023.2

 
$
1,077.1

 
$
(1,703.6
)
 
$
1,820.7

Current portion of long-term debt
$
5.4

 
$
3.9

 
$
2.3

 
$
—

 
$
11.6

Accounts payable
1.0

 
73.8

 
57.2

 
—

 
132.0

Other current liabilities
52.3

 
52.8

 
20.0

 
0.1

 
125.2

Other current liabilities from discontinued operations
—

 
—

 
142.0

 
—

 
142.0

Total current liabilities
58.7

 
130.5

 
221.5

 
0.1

 
410.8

Long-term debt, less current portion
1,526.1

 
141.2

 
22.1

 
—

 
1,689.4

Other noncurrent liabilities
254.1

 
166.7

 
1.9

 
(156.4
)
 
266.3

Other noncurrent liabilities from discontinued operations
—

 
—

 
102.7

 
—

 
102.7

Intercompany payables
233.4

 
—

 
—

 
(233.4
)
 
—

Total liabilities
2,072.3

 
438.4

 
348.2

 
(389.7
)
 
2,469.2

Shareowners’ (deficit) equity
(648.3
)
 
584.8

 
728.9

 
(1,313.9
)
 
(648.5
)
Total liabilities and shareowners’ equity (deficit)
$
1,424.0

 
$
1,023.2

 
$
1,077.1

 
$
(1,703.6
)
 
$
1,820.7

Condensed Consolidating Statements of Cash Flows
  
Nine Months Ended September 30, 2015
(dollars in millions)
Parent
(Guarantor)
 
CBT
(Issuer)
 
Other
Non-guarantors
 
Eliminations
 
Total
Cash flows provided by (used in) operating activities
$
(13.5
)
 
$
162.2

 
$
(54.0
)
 
$
—

 
$
94.7

Capital expenditures
(0.1
)
 
(187.4
)
 
(18.2
)
 
—

 
(205.7
)
Proceeds from sale of CyrusOne
—

 
—

 
596.3

 
—

 
596.3

Dividends received from CyrusOne
—

 
—

 
19.5

 
—

 
19.5

Proceeds from sale of assets
—

 
0.1

 
0.5

 
—

 
0.6

Distributions received from subsidiaries
8.7

 
—

 
—

 
(8.7
)
 
—

Funding between Parent and subsidiaries, net
—

 
29.3

 
(528.7
)
 
499.4

 
—

Other investing activities
(0.2
)
 
—

 
—

 
—

 
(0.2
)
Cash flows provided by (used in) investing activities
8.4


(158.0
)

69.4


490.7

 
410.5

Funding between Parent and subsidiaries, net
482.9

 
—

 
16.5

 
(499.4
)
 
—

Distributions paid to Parent
—

 
—

 
(8.7
)
 
8.7

 
—

Net increase (decrease) in corporate credit and receivables facilities with initial maturities less than 90 days
—

 
—

 
(19.2
)
 
—

 
(19.2
)
Repayment of debt
(503.4
)
 
(3.7
)
 
(2.7
)
 
—

 
(509.8
)
Debt issuance costs
(0.2
)
 
—

 
(0.2
)
 
—

 
(0.4
)
Other financing activities
(8.3
)
 
—

 
—

 
—

 
(8.3
)
Cash flows provided by (used in) financing activities
(29.0
)
 
(3.7
)
 
(14.3
)
 
(490.7
)
 
(537.7
)
Increase (decrease) in cash and cash equivalents
(34.1
)
 
0.5

 
1.1

 
—

 
(32.5
)
Beginning cash and cash equivalents
56.2

 
1.0

 
0.7

 
—

 
57.9

Ending cash and cash equivalents
$
22.1

 
$
1.5

 
$
1.8

 
$
—

 
$
25.4

 
 
 
 
 
 
 
 
 
 
 
Nine Months Ended September 30, 2014
 
Parent
(Guarantor)
 
CBT
(Issuer)
 
Other
Non-guarantors
 
Eliminations
 
Total
Cash flows provided by (used in) operating activities
$
(16.4
)
 
$
163.4

 
$
(26.2
)
 
$
—

 
$
120.8

Capital expenditures
—

 
(96.5
)
 
(24.6
)
 
—

 
(121.1
)
Proceeds from sale of CyrusOne
—

 
—

 
355.9

 
—

 
355.9

Dividends received from CyrusOne
—

 
—

 
22.4

 
—

 
22.4

Proceeds from sale of assets
—

 
0.2

 
196.2

 
—

 
196.4

Other investing activities
(0.2
)
 
—

 
(5.5
)
 
—

 
(5.7
)
Cash flows provided by (used in) investing activities
(0.2
)
 
(96.3
)
 
544.4

 
—

 
447.9

Funding between Parent and subsidiaries, net
584.6

 
(64.7
)
 
(519.9
)
 
—

 
—

Net increase (decrease) in corporate credit and receivables facilities with initial maturities less than 90 days
(40.0
)
 
—

 
6.2

 
—

 
(33.8
)
Repayment of debt
(343.3
)
 
(3.0
)
 
(4.3
)
 
—

 
(350.6
)
Proceeds from exercise of options and warrants
1.2

 
—

 
—

 
—

 
1.2

Other financing activities
(8.9
)
 
0.3

 
—

 
—

 
(8.6
)
Cash flows provided by (used in) financing activities
193.6

 
(67.4
)
 
(518.0
)
 
—

 
(391.8
)
   Increase (decrease) in cash and cash equivalents
177.0

 
(0.3
)
 
0.2

 
—

 
176.9

   Beginning cash and cash equivalents
2.1

 
1.8

 
0.7

 
—

 
4.6

   Ending cash and cash equivalents
$
179.1

 
$
1.5

 
$
0.9

 
$
—

 
$
181.5
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 nine months ended September 30, 2015 and 2014, Condensed Consolidating Balance Sheets as of September 30, 2015 and December 31, 2014, and Condensed Consolidating Statements of Cash Flows for the nine months ended September 30, 2015 and 2014 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 September 30, 2015
(dollars in millions)
Parent
(Issuer)
 
Guarantors
 
Non-guarantors
 
Eliminations
 
Total
Revenue
$
—

 
$
158.5

 
$
150.8

 
$
(9.5
)
 
$
299.8

Operating costs and expenses
2.4

 
148.0

 
122.7

 
(9.5
)
 
263.6

Operating income (loss)
(2.4
)
 
10.5

 
28.1

 
—

 
36.2

Interest expense (income), net
25.3

 
(4.2
)
 
0.4

 
—

 
21.5

Other expense (income), net
7.4

 
(113.2
)
 
(2.9
)
 
—

 
(108.7
)
Income (loss) before equity in earnings of subsidiaries and income taxes
(35.1
)
 
127.9

 
30.6

 
—

 
123.4

Income tax expense (benefit)
(12.1
)
 
44.7

 
11.5

 
—

 
44.1

Equity in earnings of subsidiaries, net of tax
103.3

 
—

 
—

 
(103.3
)
 
—

Income (loss) from continuing operations
80.3


83.2


19.1


(103.3
)

79.3

Income (loss) from discontinued operations, net of tax
—

 
1.0

 
—

 
—

 
1.0

Net income (loss)
80.3


84.2


19.1


(103.3
)

80.3

Other comprehensive income (loss)
1.7

 
—

 
(0.3
)
 
—

 
1.4

Total comprehensive income (loss)
$
82.0

 
$
84.2

 
$
18.8

 
$
(103.3
)
 
$
81.7

 
 
 
 
 
 
 
 
 
 
Net income (loss)
80.3

 
84.2

 
19.1

 
(103.3
)
 
80.3

Preferred stock dividends
2.6

 
—

 
—

 
—

 
2.6

Net income (loss) applicable to common shareowners
$
77.7

 
$
84.2

 
$
19.1

 
$
(103.3
)
 
$
77.7

 
 
 
 
 
 
 
 
 
 
 
Three Months Ended September 30, 2014
 
Parent
(Issuer)
 
Guarantors
 
Non-guarantors
 
Eliminations
 
Total
Revenue
$
—

 
$
160.1

 
$
150.5

 
$
(9.2
)
 
$
301.4

Operating costs and expenses
3.3

 
149.2

 
110.3

 
(9.2
)
 
253.6

Operating income (loss)
(3.3
)
 
10.9

 
40.2

 
—

 
47.8

Interest expense (income), net
34.3

 
1.3

 
(0.9
)
 
—

 
34.7

Other expense (income), net
19.0

 
3.5

 
(3.1
)
 
—

 
19.4

Income (loss) before equity in earnings of subsidiaries and income taxes
(56.6
)
 
6.1

 
44.2

 
—

 
(6.3
)
Income tax expense (benefit)
(17.2
)
 
2.2

 
16.2

 
—

 
1.2

Equity in earnings of subsidiaries, net of tax
12.1

 
—

 
—

 
(12.1
)
 
—

Income (loss) from continuing operations
(27.3
)

3.9


28.0


(12.1
)

(7.5
)
Income (loss) from discontinued operations, net of tax
—

 
(19.8
)
 
—

 
—

 
(19.8
)
Net income (loss)
(27.3
)

(15.9
)

28.0


(12.1
)

(27.3
)
Other comprehensive income (loss)
1.2

 
—

 
—

 
—

 
1.2

Total comprehensive income (loss)
$
(26.1
)
 
$
(15.9
)
 
$
28.0

 
$
(12.1
)
 
$
(26.1
)
 
 
 
 
 
 
 
 
 
 
Net income (loss)
(27.3
)
 
(15.9
)
 
28.0

 
(12.1
)
 
(27.3
)
Preferred stock dividends
2.6

 
—

 
—

 
—

 
2.6

Net income (loss) applicable to common shareowners
$
(29.9
)
 
$
(15.9
)
 
$
28.0

 
$
(12.1
)
 
$
(29.9
)
Condensed Consolidating Statements of Operations and Comprehensive Income (Loss)
 
Nine Months Ended September 30, 2015
(dollars in millions)
Parent
(Issuer)
 
Guarantors
 
Non-guarantors
 
Eliminations
 
Total
Revenue
$
—

 
$
462.1

 
$
445.3

 
$
(28.9
)
 
$
878.5

Operating costs and expenses
14.1

 
437.1

 
353.2

 
(28.9
)
 
775.5

Operating income (loss)
(14.1
)
 
25.0

 
92.1

 
—

 
103.0

Interest expense (income), net
87.6

 
(5.2
)
 
(0.2
)
 
—

 
82.2

Other expense (income), net
20.1

 
(398.0
)
 
(7.7
)
 
—

 
(385.6
)
Income (loss) before equity in earnings of subsidiaries and income taxes
(121.8
)
 
428.2

 
100.0

 
—

 
406.4

Income tax expense (benefit)
(41.8
)
 
151.1

 
36.8

 
—

 
146.1

Equity in earnings of subsidiaries, net of tax
401.1

 
—

 
—

 
(401.1
)
 
—

Income (loss) from continuing operations
321.1

 
277.1

 
63.2

 
(401.1
)
 
260.3

Income (loss) from discontinued operations, net of tax
—

 
60.8

 
—

 
—

 
60.8

Net income (loss)
321.1

 
337.9

 
63.2

 
(401.1
)
 
321.1

Other comprehensive income (loss)
9.2

 
—

 
(0.4
)
 
—

 
8.8

Total comprehensive income (loss)
$
330.3

 
$
337.9

 
$
62.8

 
$
(401.1
)
 
$
329.9

 
 
 
 
 
 
 
 
 
 
Net income (loss)
321.1

 
337.9

 
63.2

 
(401.1
)
 
321.1

Preferred stock dividends
7.8

 
—

 
—

 
—

 
7.8

Net income (loss) applicable to common shareowners
$
313.3

 
$
337.9

 
$
63.2

 
$
(401.1
)
 
$
313.3

 
 
 
 
 
 
 
 
 
 
 
Nine Months Ended September 30, 2014
 
Parent
(Issuer)
 
Guarantors
 
Non-guarantors
 
Eliminations
 
Total
Revenue
$
—

 
$
444.5

 
$
451.4

 
$
(29.3
)
 
$
866.6

Operating costs and expenses
15.0

 
418.8

 
316.6

 
(29.3
)
 
721.1

Operating income (loss)
(15.0
)
 
25.7

 
134.8

 
—

 
145.5

Interest expense (income), net
108.4

 
6.5

 
(1.9
)
 
—

 
113.0

Other expense (income), net
18.2

 
(181.3
)
 
(9.6
)
 
—

 
(172.7
)
Income (loss) before equity in earnings of subsidiaries and income taxes
(141.6
)
 
200.5

 
146.3

 
—

 
205.2

Income tax expense (benefit)
(41.9
)
 
71.5

 
53.5

 
—

 
83.1

Equity in earnings of subsidiaries, net of tax
193.6

 
—

 
—

 
(193.6
)
 
—

Income (loss) from continuing operations
93.9

 
129.0

 
92.8

 
(193.6
)
 
122.1

Income (loss) from discontinued operations, net of tax
—

 
(28.2
)
 
—

 
—

 
(28.2
)
Net income (loss)
93.9

 
100.8

 
92.8

 
(193.6
)
 
93.9

Other comprehensive income (loss)
3.6

 
—

 
—

 
—

 
3.6

Total comprehensive income (loss)
$
97.5

 
$
100.8

 
$
92.8

 
$
(193.6
)
 
$
97.5

 
 
 
 
 
 
 
 
 
 
Net income (loss)
93.9

 
100.8

 
92.8

 
(193.6
)
 
93.9

Preferred stock dividends
7.8

 
—

 
—

 
—

 
7.8

Net income (loss) applicable to common shareowners
$
86.1

 
$
100.8

 
$
92.8

 
$
(193.6
)
 
$
86.1

Condensed Consolidating Balance Sheets
 
 
 
 
 
 
 
 
 
 
As of September 30, 2015
(dollars in millions)
Parent
(Issuer)
 
Guarantors
 
Non-guarantors
 
Eliminations
 
Total
Cash and cash equivalents
$
22.1

 
$
0.3

 
$
3.0

 
$
—

 
$
25.4

Receivables, net
0.7

 
3.1

 
159.8

 
—

 
163.6

Other current assets
4.4

 
26.9

 
31.6

 
(0.6
)
 
62.3

Total current assets
27.2


30.3


194.4


(0.6
)

251.3

Property, plant and equipment, net
0.3

 
50.9

 
879.2

 
—

 
930.4

Investment in CyrusOne
—

 
68.8

 
—

 
—

 
68.8

Goodwill and intangibles, net
—

 
12.5

 
2.2

 
—

 
14.7

Investments in and advances to subsidiaries
916.5

 
784.5

 
140.9

 
(1,841.9
)
 
—

Other noncurrent assets
233.5

 
112.7

 
3.3

 
(154.5
)
 
195.0

Total assets
$
1,177.5


$
1,059.7


$
1,220.0


$
(1,997.0
)

$
1,460.2

Current portion of long-term debt
$
5.4

 
$
3.2

 
$
3.8

 
$
—

 
$
12.4

Accounts payable
0.4

 
90.7

 
55.1

 
—

 
146.2

Other current liabilities
51.6

 
23.0

 
44.8

 
—

 
119.4

Other current liabilities from discontinued operations
—

 
11.9

 
—

 
—

 
11.9

Total current liabilities
57.4


128.8


103.7


—


289.9

Long-term debt, less current portion
1,040.7

 
53.8

 
141.8

 
—

 
1,236.3

Other noncurrent liabilities
227.9

 
14.9

 
169.6

 
(155.1
)
 
257.3

Intercompany payables
174.1

 
—

 
148.7

 
(322.8
)
 
—

Total liabilities
1,500.1

 
197.5

 
563.8

 
(477.9
)
 
1,783.5

Shareowners’ (deficit) equity
(322.6
)
 
862.2

 
656.2

 
(1,519.1
)
 
(323.3
)
Total liabilities and shareowners’ equity (deficit)
$
1,177.5

 
$
1,059.7

 
$
1,220.0

 
$
(1,997.0
)
 
$
1,460.2

 
 
As of December 31, 2014
 
Parent
(Issuer)
 
Guarantors
 
Non-guarantors
 
Eliminations
 
Total
Cash and cash equivalents
$
56.2

 
$
0.2

 
$
1.5

 
$
—

 
$
57.9

Receivables, net
2.6

 
6.1

 
159.8

 
—

 
168.5

Other current assets
4.7

 
69.9

 
33.1

 
(1.2
)
 
106.5

Other current assets from discontinued operations
—

 
4.7

 
—

 
—

 
4.7

Total current assets
63.5

 
80.9

 
194.4

 
(1.2
)
 
337.6

Property, plant and equipment, net
0.2

 
50.8

 
764.4

 
—

 
815.4

Investment in CyrusOne
—

 
273.6

 
—

 
—

 
273.6

Goodwill and intangibles, net
—

 
12.7

 
2.2

 
—

 
14.9

Investments in and advances to subsidiaries
1,066.1

 
403.6

 
199.3

 
(1,669.0
)
 
—

Other noncurrent assets
294.2

 
191.6

 
3.8

 
(155.0
)
 
334.6

Other noncurrent assets from discontinued operations
—

 
44.6

 
—

 
—

 
44.6

Total assets
$
1,424.0

 
$
1,057.8

 
$
1,164.1

 
$
(1,825.2
)
 
$
1,820.7

Current portion of long-term debt
$
5.4

 
$
2.3

 
$
3.9

 
$
—

 
$
11.6

Accounts payable
1.0

 
76.2

 
54.8

 
—

 
132.0

Other current liabilities
52.3

 
23.5

 
49.3

 
0.1

 
125.2

Other current liabilities from discontinued operations
—

 
142.0

 
—

 
—

 
142.0

Total current liabilities
58.7

 
244.0

 
108.0

 
0.1

 
410.8

Long-term debt, less current portion
1,526.1

 
2.9

 
160.4

 
—

 
1,689.4

Other noncurrent liabilities
254.1

 
4.6

 
164.0

 
(156.4
)
 
266.3

Other noncurrent liabilities from discontinued operations
—

 
102.7

 
—

 
—

 
102.7

Intercompany payables
233.4

 
—

 
131.9

 
(365.3
)
 
—

Total liabilities
2,072.3

 
354.2

 
564.3

 
(521.6
)
 
2,469.2

Shareowners’ (deficit) equity
(648.3
)
 
703.6

 
599.8

 
(1,303.6
)
 
(648.5
)
Total liabilities and shareowners’ equity (deficit)
$
1,424.0

 
$
1,057.8

 
$
1,164.1

 
$
(1,825.2
)
 
$
1,820.7

Condensed Consolidating Statements of Cash Flows
 
Nine Months Ended September 30, 2015
(dollars in millions)
Parent
(Issuer)
 
Guarantors
 
Non-guarantors
 
Eliminations
 
Total
Cash flows provided by (used in) operating activities
$
(13.5
)
 
$
(35.0
)
 
$
143.2

 
$
—

 
$
94.7

Capital expenditures
(0.1
)
 
(18.2
)
 
(187.4
)
 
—

 
(205.7
)
Proceeds from sale of CyrusOne
—

 
596.3

 
—

 
—

 
596.3

Dividends received from CyrusOne
—

 
19.5

 
—

 
—

 
19.5

Proceeds from sale of assets
—

 
0.5

 
0.1

 
—

 
0.6

Distributions received from subsidiaries
8.7

 
—

 
—

 
(8.7
)
 
—

Funding between Parent and subsidiaries, net
—

 
(560.3
)
 
58.5

 
501.8

 
—

Other investing activities
(0.2
)
 
—

 
—

 
—

 
(0.2
)
Cash flows provided by (used in) investing activities
8.4


37.8


(128.8
)

493.1


410.5

Funding between Parent and subsidiaries, net
482.9

 
—

 
18.9

 
(501.8
)
 
—

Distributions paid to Parent
—

 
—

 
(8.7
)
 
8.7

 
—

Net increase (decrease) in corporate credit and receivables facilities with initial maturities less than 90 days
—

 
—

 
(19.2
)
 
—

 
(19.2
)
Repayment of debt
(503.4
)
 
(2.7
)
 
(3.7
)
 
—

 
(509.8
)
Debt issuance costs
(0.2
)
 
—

 
(0.2
)
 
—

 
(0.4
)
Other financing activities
(8.3
)
 
—

 
—

 
—

 
(8.3
)
Cash flows provided by (used in) financing activities
(29.0
)
 
(2.7
)
 
(12.9
)
 
(493.1
)
 
(537.7
)
Increase (decrease) in cash and cash equivalents
(34.1
)
 
0.1

 
1.5

 
—

 
(32.5
)
Beginning cash and cash equivalents
56.2

 
0.2

 
1.5

 
—

 
57.9

Ending cash and cash equivalents
$
22.1

 
$
0.3

 
$
3.0

 
$
—

 
$
25.4

 
 
 
 
 
 
 
 
 
 
 
Nine Months Ended September 30, 2014
  
Parent
(Issuer)
 
Guarantors
 
Non-guarantors
 
Eliminations
 
Total
Cash flows provided by (used in) operating activities
$
(16.4
)
 
$
(18.3
)
 
$
155.5

 
$
—

 
$
120.8

Capital expenditures
—

 
(24.6
)
 
(96.5
)
 
—

 
(121.1
)
Proceeds from sale of CyrusOne
—

 
355.9

 
—

 
—

 
355.9

Dividends received from CyrusOne
—

 
22.4

 
—

 
—

 
22.4

Proceeds from sale of assets
—

 
194.4

 
2.0

 
—

 
196.4

Other investing activities
(0.2
)
 
(5.5
)
 
—

 
—

 
(5.7
)
Cash flows provided by (used in) investing activities
(0.2
)
 
542.6

 
(94.5
)
 
—

 
447.9

Funding between Parent and subsidiaries, net
584.6

 
(522.1
)
 
(62.5
)
 
—

 
—

Net increase (decrease) in corporate credit and receivables facilities with initial maturities less than 90 days
(40.0
)
 
—

 
6.2

 
—

 
(33.8
)
Repayment of debt
(343.3
)
 
(2.1
)
 
(5.2
)
 
—

 
(350.6
)
Proceeds from exercise of options and warrants
1.2

 
—

 
—

 
—

 
1.2

Other financing activities
(8.9
)
 
—

 
0.3

 
—

 
(8.6
)
Cash flows provided by (used in) financing activities
193.6

 
(524.2
)
 
(61.2
)
 
—

 
(391.8
)
Increase (decrease) in cash and cash equivalents
177.0

 
0.1

 
(0.2
)
 
—

 
176.9

Beginning cash and cash equivalents
2.1

 
0.3

 
2.2

 
—

 
4.6

Ending cash and cash equivalents
$
179.1

 
$
0.4

 
$
2.0

 
$
—

 
$
181.5