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Supplemental Guarantor Information (Tables)
 6 Months Ended
Jun. 30, 2016
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 six months ended June 30, 2016 and 2015, Condensed Consolidating Balance Sheets as of June 30, 2016 and December 31, 2015, and Condensed Consolidating Statements of Cash Flows for the six months ended June 30, 2016 and 2015 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 June 30, 2016
(dollars in millions)
Parent
(Guarantor)
 
CBT
(Issuer)
 
Other
Non-guarantors
 
Eliminations
 
Total
Revenue
$
—

 
$
170.1

 
$
138.9

 
$
(9.8
)
 
$
299.2

Operating costs and expenses
6.9

 
144.0

 
130.7

 
(9.8
)
 
271.8

Operating income (loss)
(6.9
)
 
26.1

 
8.2

 
—

 
27.4

Interest expense (income), net
23.3

 
1.3

 
(4.7
)
 
—

 
19.9

Other expense (income), net
5.0

 
1.7

 
(121.2
)
 
—

 
(114.5
)
Income (loss) before equity in earnings of subsidiaries and income taxes
(35.2
)
 
23.1

 
134.1

 
—

 
122.0

Income tax expense (benefit)
(12.4
)
 
8.3

 
48.5

 
—

 
44.4

Equity in earnings of subsidiaries, net of tax
100.4

 
—

 
—

 
(100.4
)
 
—

Net income (loss)
77.6


14.8


85.6


(100.4
)

77.6

Other comprehensive income (loss)
1.5

 
—

 
—

 
—

 
1.5

Total comprehensive income (loss)
$
79.1


$
14.8


$
85.6


$
(100.4
)

$
79.1

 
 
 
 
 
 
 
 
 
 
Net income (loss)
77.6

 
14.8

 
85.6

 
(100.4
)
 
77.6

Preferred stock dividends
2.6

 
—

 
—

 
—

 
2.6

Net income (loss) applicable to common shareowners
$
75.0

 
$
14.8

 
$
85.6

 
$
(100.4
)
 
$
75.0

 
 
 
 
 
 
 
 
 
 
 
Three Months Ended June 30, 2015
 
Parent
(Guarantor)
 
CBT
(Issuer)
 
Other
Non-guarantors
 
Eliminations
 
Total
Revenue
$
—

 
$
161.5

 
$
134.0

 
$
(9.7
)
 
$
285.8

Operating costs and expenses
6.4

 
133.7

 
125.7

 
(9.7
)
 
256.1

Operating income (loss)
(6.4
)
 
27.8

 
8.3

 
—

 
29.7

Interest expense (income), net
28.4

 
(0.3
)
 
(0.1
)
 
—

 
28.0

Other expense (income), net
13.1

 
1.6

 
(295.1
)
 
—

 
(280.4
)
Income (loss) before equity in earnings of subsidiaries and income taxes
(47.9
)
 
26.5

 
303.5

 
—

 
282.1

Income tax expense (benefit)
(15.6
)
 
9.4

 
107.6

 
—

 
101.4

Equity in earnings of subsidiaries, net of tax
223.9

 
—

 
—

 
(223.9
)
 
—

Income (loss) from continuing operations
191.6


17.1


195.9


(223.9
)

180.7

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

 
—

 
10.9

 
—

 
10.9

Net income (loss)
191.6


17.1


206.8


(223.9
)

191.6

Other comprehensive income (loss)
5.8

 
—

 
0.2

 
—

 
6.0

Total comprehensive income (loss)
$
197.4

 
$
17.1

 
$
207.0

 
$
(223.9
)
 
$
197.6

 
 
 
 
 
 
 
 
 
 
Net income (loss)
191.6

 
17.1

 
206.8

 
(223.9
)
 
191.6

Preferred stock dividends
2.6

 
—

 
—

 
—

 
2.6

Net income (loss) applicable to common shareowners
$
189.0

 
$
17.1

 
$
206.8

 
$
(223.9
)
 
$
189.0

Condensed Consolidating Statements of Operations and Comprehensive Income (Loss)
  
Six Months Ended June 30, 2016
(dollars in millions)
Parent
(Guarantor)
 
CBT
(Issuer)
 
Other
Non-guarantors
 
Eliminations
 
Total
Revenue
$
—

 
$
337.8

 
$
270.5

 
$
(20.2
)
 
$
588.1

Operating costs and expenses
12.1

 
286.1

 
253.1

 
(20.2
)
 
531.1

Operating income (loss)
(12.1
)
 
51.7

 
17.4

 
—

 
57.0

Interest expense (income), net
47.4

 
2.1

 
(9.3
)
 
—

 
40.2

Other expense (income), net
4.7

 
1.5

 
(123.1
)
 
—

 
(116.9
)
Income (loss) before equity in earnings of subsidiaries and income taxes
(64.2
)
 
48.1

 
149.8

 
—

 
133.7

Income tax expense (benefit)
(22.4
)
 
17.2

 
54.3

 
—

 
49.1

Equity in earnings of subsidiaries, net of tax
126.4

 
—

 
—

 
(126.4
)
 
—

Net income (loss)
84.6

 
30.9

 
95.5

 
(126.4
)
 
84.6

Other comprehensive income (loss)
3.1

 
—

 
(0.1
)
 
—

 
3.0

Total comprehensive income (loss)
$
87.7

 
$
30.9

 
$
95.4

 
$
(126.4
)
 
$
87.6

 
 
 
 
 
 
 
 
 
 
Net income (loss)
84.6

 
30.9

 
95.5

 
(126.4
)
 
84.6

Preferred stock dividends
5.2

 
—

 
—

 
—

 
5.2

Net income (loss) applicable to common shareowners
$
79.4

 
$
30.9

 
$
95.5

 
$
(126.4
)
 
$
79.4

 
 
 
 
 
 
 
 
 
 
 
Six Months Ended June 30, 2015
 
Parent
(Guarantor)
 
CBT
(Issuer)
 
Other
Non-guarantors
 
Eliminations
 
Total
Revenue
$
—

 
$
329.1

 
$
269.0

 
$
(19.4
)
 
$
578.7

Operating costs and expenses
11.7

 
262.6

 
257.0

 
(19.4
)
 
511.9

Operating income (loss)
(11.7
)
 
66.5

 
12.0

 
—

 
66.8

Interest expense (income), net
62.3

 
(1.1
)
 
(0.5
)
 
—

 
60.7

Other expense (income), net
12.7

 
3.5

 
(293.1
)
 
—

 
(276.9
)
Income (loss) before equity in earnings of subsidiaries and income taxes
(86.7
)
 
64.1

 
305.6

 
—

 
283.0

Income tax expense (benefit)
(29.7
)
 
23.2

 
108.5

 
—

 
102.0

Equity in earnings of subsidiaries, net of tax
297.8

 
—

 
—

 
(297.8
)
 
—

Income (loss) from continuing operations
240.8

 
40.9

 
197.1

 
(297.8
)
 
181.0

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

 
—

 
59.8

 
—

 
59.8

Net income (loss)
240.8

 
40.9

 
256.9

 
(297.8
)
 
240.8

Other comprehensive income (loss)
7.5

 
—

 
(0.1
)
 
—

 
7.4

Total comprehensive income (loss)
$
248.3

 
$
40.9

 
$
256.8

 
$
(297.8
)
 
$
248.2

 
 
 
 
 
 
 
 
 
 
Net income (loss)
240.8

 
40.9

 
256.9

 
(297.8
)
 
240.8

Preferred stock dividends
5.2

 
—

 
—

 
—

 
5.2

Net income (loss) applicable to common shareowners
$
235.6

 
$
40.9

 
$
256.9

 
$
(297.8
)
 
$
235.6

Condensed Consolidating Balance Sheets
 
 
 
 
 
 
 
 
 
  
As of June 30, 2016
(dollars in millions)
Parent
(Guarantor)
 
CBT
(Issuer)
 
Other
Non-guarantors
 
Eliminations
 
Total
Cash and cash equivalents
$
7.9

 
$
0.8

 
$
0.9

 
$
—

 
$
9.6

Receivables, net
2.1

 
—

 
155.4

 
—

 
157.5

Other current assets
2.7

 
21.7

 
17.4

 
—

 
41.8

Total current assets
12.7


22.5


173.7


—


208.9

Property, plant and equipment, net
0.4

 
967.7

 
53.6

 
—

 
1,021.7

Investment in CyrusOne
—

 
—

 
27.4

 
—

 
27.4

Goodwill
—

 
2.2

 
12.1

 
—

 
14.3

Investments in and advances to subsidiaries
817.0

 
52.0

 
804.8

 
(1,673.8
)
 
—

Other noncurrent assets
205.4

 
2.2

 
105.0

 
(161.7
)
 
150.9

Total assets
$
1,035.5


$
1,046.6


$
1,176.6


$
(1,835.5
)

$
1,423.2

Current portion of long-term debt
$
5.4

 
$
6.2

 
$
3.1

 
$
—

 
$
14.7

Accounts payable
0.6

 
100.7

 
41.2

 
—

 
142.5

Other current liabilities
36.9

 
41.6

 
20.6

 
—

 
99.1

Other current liabilities from discontinued operations
—

 
—

 
0.6

 
—

 
0.6

Total current liabilities
42.9


148.5


65.5


—


256.9

Long-term debt, less current portion
935.6

 
105.1

 
85.0

 
—

 
1,125.7

Other noncurrent liabilities
230.1

 
188.2

 
1.0

 
(161.7
)
 
257.6

Intercompany payables
43.1

 
—

 
—

 
(43.1
)
 
—

Total liabilities
1,251.7

 
441.8

 
151.5

 
(204.8
)
 
1,640.2

Shareowners’ (deficit) equity
(216.2
)
 
604.8

 
1,025.1

 
(1,630.7
)
 
(217.0
)
Total liabilities and shareowners’ equity (deficit)
$
1,035.5

 
$
1,046.6

 
$
1,176.6

 
$
(1,835.5
)
 
$
1,423.2

 
As of December 31, 2015
 
Parent
(Guarantor)
 
CBT
(Issuer)
 
Other
Non-guarantors
 
Eliminations
 
Total
Cash and cash equivalents
$
4.6

 
$
1.0

 
$
1.8

 
$
—

 
$
7.4

Receivables, net
0.7

 
—

 
156.4

 
—

 
157.1

Other current assets
1.6

 
20.2

 
14.1

 
—

 
35.9

Total current assets
6.9

 
21.2

 
172.3

 
—

 
200.4

Property, plant and equipment, net
0.3

 
921.5

 
53.7

 
—

 
975.5

Investment in CyrusOne
—

 
—

 
55.5

 
—

 
55.5

Goodwill
—

 
2.2

 
12.1

 
—

 
14.3

Investments in and advances to subsidiaries
844.6

 
63.9

 
647.2

 
(1,555.7
)
 
—

Other noncurrent assets
207.2

 
3.0

 
136.8

 
(146.3
)
 
200.7

Total assets
$
1,059.0

 
$
1,011.8

 
$
1,077.6

 
$
(1,702.0
)
 
$
1,446.4

Current portion of long-term debt
$
5.4

 
$
5.0

 
$
3.4

 
$
—

 
$
13.8

Accounts payable
0.7

 
84.8

 
43.4

 
—

 
128.9

Other current liabilities
41.6

 
45.3

 
24.2

 
—

 
111.1

Other current liabilities from discontinued operations
—

 
—

 
5.4

 
—

 
5.4

Total current liabilities
47.7

 
135.1

 
76.4

 
—

 
259.2

Long-term debt, less current portion
1,018.6

 
134.3

 
70.9

 
—

 
1,223.8

Other noncurrent liabilities
235.5

 
168.3

 
4.0

 
(146.2
)
 
261.6

Intercompany payables
54.7

 
—

 
—

 
(54.7
)
 
—

Total liabilities
1,356.5

 
437.7

 
151.3

 
(200.9
)
 
1,744.6

Shareowners’ (deficit) equity
(297.5
)
 
574.1

 
926.3

 
(1,501.1
)
 
(298.2
)
Total liabilities and shareowners’ equity (deficit)
$
1,059.0

 
$
1,011.8

 
$
1,077.6

 
$
(1,702.0
)
 
$
1,446.4

Condensed Consolidating Statements of Cash Flows
  
Six Months Ended June 30, 2016
(dollars in millions)
Parent
(Guarantor)
 
CBT
(Issuer)
 
Other
Non-guarantors
 
Eliminations
 
Total
Cash flows provided by (used in) operating activities
$
(39.0
)
 
$
131.2

 
$
5.9

 
$
—

 
$
98.1

Capital expenditures
(0.2
)
 
(108.2
)
 
(13.2
)
 
—

 
(121.6
)
Dividends received from CyrusOne
—

 
—

 
4.9

 
—

 
4.9

Proceeds from sale of CyrusOne
—

 
—

 
142.5

 
—

 
142.5

Distributions received from subsidiaries
5.9

 
—

 
—

 
(5.9
)
 
—

Funding between Parent and subsidiaries, net
—

 
11.9

 
(133.0
)
 
121.1

 
—

Other investing activities
(0.7
)
 
—

 
—

 
—

 
(0.7
)
Cash flows provided by (used in) investing activities
5.0


(96.3
)

1.2


115.2

 
25.1

Funding between Parent and subsidiaries, net
136.4

 
—

 
(15.3
)
 
(121.1
)
 
—

Distributions paid to Parent
—

 
—

 
(5.9
)
 
5.9

 
—

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

 
—

 
15.4

 
—

 
15.4

Repayment of debt
(87.5
)
 
(35.1
)
 
(2.0
)
 
—

 
(124.6
)
Debt issuance costs
(1.7
)
 
—

 
(0.2
)
 
—

 
(1.9
)
Common stock repurchase
(4.6
)
 
—

 
—

 
—

 
(4.6
)
Other financing activities
(5.3
)
 
—

 
—

 
—

 
(5.3
)
Cash flows provided by (used in) financing activities
37.3

 
(35.1
)
 
(8.0
)
 
(115.2
)
 
(121.0
)
Increase (decrease) in cash and cash equivalents
3.3

 
(0.2
)
 
(0.9
)
 
—

 
2.2

Beginning cash and cash equivalents
4.6

 
1.0

 
1.8

 
—

 
7.4

Ending cash and cash equivalents
$
7.9

 
$
0.8

 
$
0.9

 
$
—

 
$
9.6

 
 
 
 
 
 
 
 
 
 
 
Six Months Ended June 30, 2015
 
Parent
(Guarantor)
 
CBT
(Issuer)
 
Other
Non-guarantors
 
Eliminations
 
Total
Cash flows provided by (used in) operating activities
$
(22.9
)
 
$
103.9

 
$
(48.3
)
 
$
—

 
$
32.7

Capital expenditures
(0.1
)
 
(119.8
)
 
(12.6
)
 
—

 
(132.5
)
Dividends received from CyrusOne
—

 
—

 
15.0

 
—

 
15.0

Proceeds from sale of CyrusOne
—

 
—

 
426.0

 
—

 
426.0

Proceeds from sale of assets
—

 
0.1

 
—

 
—

 
0.1

Distributions received from subsidiaries
5.3

 
—

 
—

 
(5.3
)
 
—

Funding between Parent and subsidiaries, net
—

 
20.3

 
(361.5
)
 
341.2

 
—

Other investing activities
(0.2
)
 
—

 
—

 
—

 
(0.2
)
Cash flows provided by (used in) investing activities
5.0

 
(99.4
)
 
66.9

 
335.9

 
308.4

Funding between Parent and subsidiaries, net
333.6

 
—

 
7.6

 
(341.2
)
 
—

Distributions paid to Parent
—

 
—

 
(5.3
)
 
5.3

 
—

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

 
—

 
(16.6
)
 
—

 
(16.6
)
Repayment of debt
(357.2
)
 
(2.3
)
 
(1.9
)
 
—

 
(361.4
)
Debt issuance costs
(0.2
)
 
—

 
(0.2
)
 
—

 
(0.4
)
Other financing activities
(5.8
)
 
—

 
—

 
—

 
(5.8
)
Cash flows provided by (used in) financing activities
(29.6
)
 
(2.3
)
 
(16.4
)
 
(335.9
)
 
(384.2
)
   Increase (decrease) in cash and cash equivalents
(47.5
)
 
2.2

 
2.2

 
—

 
(43.1
)
   Beginning cash and cash equivalents
56.2

 
1.0

 
0.7

 
—

 
57.9

   Ending cash and cash equivalents
$
8.7

 
$
3.2

 
$
2.9

 
$
—

 
$
14.8
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 six months ended June 30, 2016 and 2015, Condensed Consolidating Balance Sheets as of June 30, 2016 and December 31, 2015, and Condensed Consolidating Statements of Cash Flows for the six months ended June 30, 2016 and 2015 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 June 30, 2016
(dollars in millions)
Parent
(Issuer)
 
Guarantors
 
Non-guarantors
 
Eliminations
 
Total
Revenue
$
—

 
$
161.7

 
$
147.3

 
$
(9.8
)
 
$
299.2

Operating costs and expenses
6.9

 
144.3

 
130.4

 
(9.8
)
 
271.8

Operating income (loss)
(6.9
)
 
17.4

 
16.9

 
—

 
27.4

Interest expense (income), net
23.3

 
(5.1
)
 
1.7

 
—

 
19.9

Other expense (income), net
5.0

 
(116.1
)
 
(3.4
)
 
—

 
(114.5
)
Income (loss) before equity in earnings of subsidiaries and income taxes
(35.2
)
 
138.6

 
18.6

 
—

 
122.0

Income tax expense (benefit)
(12.4
)
 
50.1

 
6.7

 
—

 
44.4

Equity in earnings of subsidiaries, net of tax
100.4

 
—

 
—

 
(100.4
)
 
—

Net income (loss)
77.6


88.5


11.9


(100.4
)

77.6

Other comprehensive income (loss)
1.5

 
—

 
—

 
—

 
1.5

Total comprehensive income (loss)
$
79.1

 
$
88.5

 
$
11.9

 
$
(100.4
)
 
$
79.1

 
 
 
 
 
 
 
 
 
 
Net income (loss)
77.6

 
88.5

 
11.9

 
(100.4
)
 
77.6

Preferred stock dividends
2.6

 
—

 
—

 
—

 
2.6

Net income (loss) applicable to common shareowners
$
75.0

 
$
88.5

 
$
11.9

 
$
(100.4
)
 
$
75.0

 
 
 
 
 
 
 
 
 
 
 
Three Months Ended June 30, 2015
 
Parent
(Issuer)
 
Guarantors
 
Non-guarantors
 
Eliminations
 
Total
Revenue
$
—

 
$
150.7

 
$
144.8

 
$
(9.7
)
 
$
285.8

Operating costs and expenses
6.4

 
141.8

 
117.6

 
(9.7
)
 
256.1

Operating income (loss)
(6.4
)
 
8.9

 
27.2

 
—

 
29.7

Interest expense (income), net
28.4

 
(0.3
)
 
(0.1
)
 
—

 
28.0

Other expense (income), net
13.1

 
(290.9
)
 
(2.6
)
 
—

 
(280.4
)
Income (loss) before equity in earnings of subsidiaries and income taxes
(47.9
)
 
300.1

 
29.9

 
—

 
282.1

Income tax expense (benefit)
(15.6
)
 
106.4

 
10.6

 
—

 
101.4

Equity in earnings of subsidiaries, net of tax
223.9

 
—

 
—

 
(223.9
)
 
—

Income (loss) from continuing operations
191.6


193.7


19.3


(223.9
)

180.7

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

 
10.9

 
—

 
—

 
10.9

Net income (loss)
191.6


204.6


19.3


(223.9
)

191.6

Other comprehensive income (loss)
5.8

 
—

 
0.2

 
—

 
6.0

Total comprehensive income (loss)
$
197.4

 
$
204.6

 
$
19.5

 
$
(223.9
)
 
$
197.6

 
 
 
 
 
 
 
 
 
 
Net income (loss)
191.6

 
204.6

 
19.3

 
(223.9
)
 
191.6

Preferred stock dividends
2.6

 
—

 
—

 
—

 
2.6

Net income (loss) applicable to common shareowners
$
189.0

 
$
204.6

 
$
19.3

 
$
(223.9
)
 
$
189.0

Condensed Consolidating Statements of Operations and Comprehensive Income (Loss)
 
Six Months Ended June 30, 2016
(dollars in millions)
Parent
(Issuer)
 
Guarantors
 
Non-guarantors
 
Eliminations
 
Total
Revenue
$
—

 
$
315.4

 
$
292.9

 
$
(20.2
)
 
$
588.1

Operating costs and expenses
12.1

 
281.2

 
258.0

 
(20.2
)
 
531.1

Operating income (loss)
(12.1
)
 
34.2

 
34.9

 
—

 
57.0

Interest expense (income), net
47.4

 
(10.1
)
 
2.9

 
—

 
40.2

Other expense (income), net
4.7

 
(113.2
)
 
(8.4
)
 
—

 
(116.9
)
Income (loss) before equity in earnings of subsidiaries and income taxes
(64.2
)
 
157.5

 
40.4

 
—

 
133.7

Income tax expense (benefit)
(22.4
)
 
57.1

 
14.4

 
—

 
49.1

Equity in earnings of subsidiaries, net of tax
126.4

 
—

 
—

 
(126.4
)
 
—

Net income (loss)
84.6

 
100.4

 
26.0

 
(126.4
)
 
84.6

Other comprehensive income (loss)
3.1

 
—

 
(0.1
)
 
—

 
3.0

Total comprehensive income (loss)
$
87.7

 
$
100.4

 
$
25.9

 
$
(126.4
)
 
$
87.6

 
 
 
 
 
 
 
 
 
 
Net income (loss)
84.6

 
100.4

 
26.0

 
(126.4
)
 
84.6

Preferred stock dividends
5.2

 
—

 
—

 
—

 
5.2

Net income (loss) applicable to common shareowners
$
79.4

 
$
100.4

 
$
26.0

 
$
(126.4
)
 
$
79.4

 
 
 
 
 
 
 
 
 
 
 
Six Months Ended June 30, 2015
 
Parent
(Issuer)
 
Guarantors
 
Non-guarantors
 
Eliminations
 
Total
Revenue
$
—

 
$
303.6

 
$
294.5

 
$
(19.4
)
 
$
578.7

Operating costs and expenses
11.7

 
289.1

 
230.5

 
(19.4
)
 
511.9

Operating income (loss)
(11.7
)
 
14.5

 
64.0

 
—

 
66.8

Interest expense (income), net
62.3

 
(1.0
)
 
(0.6
)
 
—

 
60.7

Other expense (income), net
12.7

 
(284.8
)
 
(4.8
)
 
—

 
(276.9
)
Income (loss) before equity in earnings of subsidiaries and income taxes
(86.7
)
 
300.3

 
69.4

 
—

 
283.0

Income tax expense (benefit)
(29.7
)
 
106.4

 
25.3

 
—

 
102.0

Equity in earnings of subsidiaries, net of tax
297.8

 
—

 
—

 
(297.8
)
 
—

Income (loss) from continuing operations
240.8

 
193.9

 
44.1

 
(297.8
)
 
181.0

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

 
59.8

 
—

 
—

 
59.8

Net income (loss)
240.8

 
253.7

 
44.1

 
(297.8
)
 
240.8

Other comprehensive income (loss)
7.5

 
—

 
(0.1
)
 
—

 
7.4

Total comprehensive income (loss)
$
248.3

 
$
253.7

 
$
44.0

 
$
(297.8
)
 
$
248.2

 
 
 
 
 
 
 
 
 
 
Net income (loss)
240.8

 
253.7

 
44.1

 
(297.8
)
 
240.8

Preferred stock dividends
5.2

 
—

 
—

 
—

 
5.2

Net income (loss) applicable to common shareowners
$
235.6

 
$
253.7

 
$
44.1

 
$
(297.8
)
 
$
235.6

Condensed Consolidating Balance Sheets
 
 
 
 
 
 
 
 
 
 
As of June 30, 2016
(dollars in millions)
Parent
(Issuer)
 
Guarantors
 
Non-guarantors
 
Eliminations
 
Total
Cash and cash equivalents
$
7.9

 
$
0.3

 
$
1.4

 
$
—

 
$
9.6

Receivables, net
2.1

 
2.1

 
153.3

 
—

 
157.5

Other current assets
2.7

 
18.3

 
20.8

 
—

 
41.8

Total current assets
12.7


20.7


175.5


—


208.9

Property, plant and equipment, net
0.4

 
53.3

 
968.0

 
—

 
1,021.7

Investment in CyrusOne
—

 
27.4

 
—

 
—

 
27.4

Goodwill
—

 
12.1

 
2.2

 
—

 
14.3

Investments in and advances to subsidiaries
817.0

 
951.6

 
22.0

 
(1,790.6
)
 
—

Other noncurrent assets
205.4

 
101.4

 
5.8

 
(161.7
)
 
150.9

Total assets
$
1,035.5


$
1,166.5


$
1,173.5


$
(1,952.3
)

$
1,423.2

Current portion of long-term debt
$
5.4

 
$
3.1

 
$
6.2

 
$
—

 
14.7

Accounts payable
0.6

 
64.3

 
77.6

 
—

 
142.5

Other current liabilities
36.9

 
22.7

 
39.5

 
—

 
99.1

Other current liabilities from discontinued operations
—

 
0.6

 
—

 
—

 
0.6

Total current liabilities
42.9


90.7


123.3


—


256.9

Long-term debt, less current portion
935.6

 
52.0

 
138.1

 
—

 
1,125.7

Other noncurrent liabilities
230.1

 
7.0

 
182.2

 
(161.7
)
 
257.6

Intercompany payables
43.1

 
—

 
109.5

 
(152.6
)
 
—

Total liabilities
1,251.7

 
149.7

 
553.1

 
(314.3
)
 
1,640.2

Shareowners’ (deficit) equity
(216.2
)
 
1,016.8

 
620.4

 
(1,638.0
)
 
(217.0
)
Total liabilities and shareowners’ equity (deficit)
$
1,035.5

 
$
1,166.5

 
$
1,173.5

 
$
(1,952.3
)
 
$
1,423.2

 
 
As of December 31, 2015
 
Parent
(Issuer)
 
Guarantors
 
Non-guarantors
 
Eliminations
 
Total
Cash and cash equivalents
$
4.6

 
$
0.4

 
$
2.4

 
$
—

 
$
7.4

Receivables, net
0.7

 
2.8

 
153.6

 
—

 
157.1

Other current assets
1.6

 
15.6

 
18.7

 
—

 
35.9

Total current assets
6.9

 
18.8

 
174.7

 
—

 
200.4

Property, plant and equipment, net
0.3

 
53.4

 
921.8

 
—

 
975.5

Investment in CyrusOne
—

 
55.5

 
—

 
—

 
55.5

Goodwill
—

 
12.1

 
2.2

 
—

 
14.3

Investments in and advances to subsidiaries
844.6

 
830.4

 
4.3

 
(1,679.3
)
 
—

Other noncurrent assets
207.2

 
133.4

 
6.3

 
(146.2
)
 
200.7

Total assets
$
1,059.0

 
$
1,103.6

 
$
1,109.3

 
$
(1,825.5
)
 
$
1,446.4

Current portion of long-term debt
$
5.4

 
$
3.4

 
$
5.0

 
$
—

 
$
13.8

Accounts payable
0.7

 
95.6

 
32.6

 
—

 
128.9

Other current liabilities
41.6

 
26.8

 
42.7

 
—

 
111.1

Other current liabilities from discontinued operations
—

 
5.4

 
—

 
—

 
5.4

Total current liabilities
47.7

 
131.2

 
80.3

 
—

 
259.2

Long-term debt, less current portion
1,018.6

 
53.3

 
151.9

 
—

 
1,223.8

Other noncurrent liabilities
235.5

 
11.8

 
160.5

 
(146.2
)
 
261.6

Intercompany payables
54.7

 
—

 
127.3

 
(182.0
)
 
—

Total liabilities
1,356.5

 
196.3

 
520.0

 
(328.2
)
 
1,744.6

Shareowners’ (deficit) equity
(297.5
)
 
907.3

 
589.3

 
(1,497.3
)
 
(298.2
)
Total liabilities and shareowners’ equity (deficit)
$
1,059.0

 
$
1,103.6

 
$
1,109.3

 
$
(1,825.5
)
 
$
1,446.4

Condensed Consolidating Statements of Cash Flows
 
Six Months Ended June 30, 2016
(dollars in millions)
Parent
(Issuer)
 
Guarantors
 
Non-guarantors
 
Eliminations
 
Total
Cash flows provided by (used in) operating activities
$
(39.0
)
 
$
(20.2
)
 
$
157.3

 
$
—

 
$
98.1

Capital expenditures
(0.2
)
 
(13.2
)
 
(108.2
)
 
—

 
(121.6
)
Dividends received from CyrusOne
—

 
4.9

 
—

 
—

 
4.9

Proceeds from sale of CyrusOne
—

 
142.5

 
—

 
—

 
142.5

Distributions received from subsidiaries
5.9

 
—

 
—

 
(5.9
)
 
—

Funding between Parent and subsidiaries, net
—

 
(112.1
)
 
(7.5
)
 
119.6

 
—

Other investing activities
(0.7
)
 
—

 
—

 
—

 
(0.7
)
Cash flows provided by (used in) investing activities
5.0


22.1


(115.7
)

113.7


25.1

Funding between Parent and subsidiaries, net
136.4

 
—

 
(16.8
)
 
(119.6
)
 
—

Distributions paid to Parent
—

 
—

 
(5.9
)
 
5.9

 
—

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

 
—

 
15.4

 
—

 
15.4

Repayment of debt
(87.5
)
 
(2.0
)
 
(35.1
)
 
—

 
(124.6
)
Debt issuance costs
(1.7
)
 
—

 
(0.2
)
 
—

 
(1.9
)
Common stock repurchase
(4.6
)
 
—

 
—

 
—

 
(4.6
)
Other financing activities
(5.3
)
 
—

 
—

 
—

 
(5.3
)
Cash flows provided by (used in) financing activities
37.3

 
(2.0
)
 
(42.6
)
 
(113.7
)
 
(121.0
)
Increase (decrease) in cash and cash equivalents
3.3

 
(0.1
)
 
(1.0
)
 
—

 
2.2

Beginning cash and cash equivalents
4.6

 
0.4

 
2.4

 
—

 
7.4

Ending cash and cash equivalents
$
7.9

 
$
0.3

 
$
1.4

 
$
—

 
$
9.6

 
 
 
 
 
 
 
 
 
 
 
Six Months Ended June 30, 2015
  
Parent
(Issuer)
 
Guarantors
 
Non-guarantors
 
Eliminations
 
Total
Cash flows provided by (used in) operating activities
$
(22.9
)
 
$
(40.4
)
 
$
96.0

 
$
—

 
$
32.7

Capital expenditures
(0.1
)
 
(12.6
)
 
(119.8
)
 
—

 
(132.5
)
Dividends received from CyrusOne
—

 
15.0

 
—

 
—

 
15.0

Proceeds from sale of CyrusOne
—

 
426.0

 
—

 
—

 
426.0

Proceeds from sale of assets
—

 
—

 
0.1

 
—

 
0.1

Distributions received from subsidiaries
5.3

 
—

 
—

 
(5.3
)
 
—

Funding between Parent and subsidiaries, net
—

 
(385.0
)
 
42.8

 
342.2

 
—

Other investing activities
(0.2
)
 
—

 
—

 
—

 
(0.2
)
Cash flows provided by (used in) investing activities
5.0

 
43.4

 
(76.9
)
 
336.9

 
308.4

Funding between Parent and subsidiaries, net
333.6

 
—

 
8.6

 
(342.2
)
 
—

Distributions paid to Parent
—

 
—

 
(5.3
)
 
5.3

 
—

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

 
—

 
(16.6
)
 
—

 
(16.6
)
Repayment of debt
(357.2
)
 
(1.9
)
 
(2.3
)
 
—

 
(361.4
)
Debt issuance costs
(0.2
)
 
—

 
(0.2
)
 
—

 
(0.4
)
Other financing activities
(5.8
)
 
—

 
—

 
—

 
(5.8
)
Cash flows provided by (used in) financing activities
(29.6
)
 
(1.9
)
 
(15.8
)
 
(336.9
)
 
(384.2
)
Increase (decrease) in cash and cash equivalents
(47.5
)
 
1.1

 
3.3

 
—

 
(43.1
)
Beginning cash and cash equivalents
56.2

 
0.2

 
1.5

 
—

 
57.9

Ending cash and cash equivalents
$
8.7

 
$
1.3

 
$
4.8

 
$
—

 
$
14.8