Investment in CyrusOne (Tables)

12 Months Ended

Dec. 31, 2015

Assets and Liabilities Deconsolidated [Table Text Block]

On January 24, 2013, we completed the IPO of CyrusOne, our former Data Center Colocation segment. Effective with the IPO, our 69% ownership was held in the form of 1.9 million shares of unregistered common stock of CyrusOne Inc. and 42.6 million of economically equivalent partnership units in its underlying operating entity, CyrusOne LP. As of that date, we no longer controlled CyrusOne's operations but as a result of maintaining significant influence, our investment was accounted for using the equity method.

Condensed Income Statement, Equity Method Investee

Summarized financial information for the CyrusOne Consolidated Statements of Operations for the years ended December 31, 2015, 2014, and 2013 and Consolidated Balance Sheets as of December 31, 2015 and 2014 is as follows:



(dollars in millions)	Year Ended December 31, 2015			Year Ended December 31, 2014			January 24, 2013 to December 31, 2013
Revenue	$	399.3		$	330.9		$	248.4
Operating income	22.8			40.0			28.9
Net loss	(20.2		)	(14.5		)	(15.6		)

Condensed Balance Sheet, Equity Method Investee



(dollars in millions)	December 31, 2015		December 31, 2014
Net investment in real estate	$	1,392.0	$	1,051.4
Total assets	2,195.6		1,571.0
Total liabilities	1,374.0		854.0

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



(dollars in millions)	Year Ended December 31, 2015			Year Ended December 31, 2014			January 24, 2013 to December 31, 2013
Revenue:
Services provided to CyrusOne	$	1.3		$	1.7		$	2.1

Operating costs and expenses:
Transaction-related compensation to CyrusOne employees	$	—		$	—		$	20.0
Charges for services provided by CyrusOne	10.2			9.1			8.8
Administrative services provided to CyrusOne	(0.4		)	(0.5		)	(0.6		)
Total operating costs and expenses	$	9.8		$	8.6		$	28.2

Amounts receivable from and payable to CyrusOne were as follows:



(dollars in millions)	December 31, 2015		December 31, 2014
Accounts receivable	$	0.1	$	1.7
Dividends receivable	2.1		6.0
Receivable from CyrusOne	$	2.2	$	7.7

Payable to CyrusOne	$	1.5	$	0.4