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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities    
Net (loss) income $ (39.8) $ 51.9
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 177.6 140.1
Loss on extinguishment of debt 1.3 0.0
Gain on sale of Investment in CyrusOne 0.0 (117.7)
Provision for loss on receivables 5.2 5.6
Noncash portion of interest expense 3.7 1.5
Deferred income taxes (7.9) 36.1
Pension and other postretirement payments (in excess of) less than expense (7.4) 2.1
Stock-based compensation 4.5 5.2
Other, net (3.3) 1.1
Changes in operating assets and liabilities, net of effects of acquisitions:    
(Increase) decrease in receivables (20.2) 20.8
Decrease (increase) in inventory, materials, supplies, prepaid expenses and other current assets 1.5 (1.7)
Increase in accounts payable 16.4 2.4
(Decrease) increase in accrued and other current liabilities (7.7) 11.1
(Increase) decrease in other noncurrent assets (1.1) 1.0
Decrease in other noncurrent liabilities 0.0 (2.7)
Net cash provided by operating activities 122.8 156.8
Cash flows from investing activities    
Capital expenditures (140.7) (148.2)
Proceeds from sale of Investment in CyrusOne 0.0 140.7
Acquisitions of businesses, net of cash acquired (216.8) (9.6)
Other, net (0.1) 0.3
Net cash used in investing activities (357.6) (16.8)
Cash flows from financing activities    
Net increase (decrease) in corporate credit and receivables facilities with initial maturities less than 90 days 194.2 (89.5)
Repayment of debt (324.3) (6.4)
Debt issuance costs (11.0) (1.3)
Dividends paid on preferred stock (7.8) (7.8)
Other, net (2.1) (1.0)
Net cash used in financing activities (151.0) (106.0)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (0.1) 0.0
Net (decrease) increase in cash, cash equivalents and restricted cash (385.9) 34.0
Cash, cash equivalents and restricted cash at beginning of period 396.5 9.7
Cash, cash equivalents and restricted cash at end of period 10.6 43.7
Noncash investing and financing transactions:    
Stock consideration for merger of Hawaiian Telcom 121.2 0.0
Acquisition of property by assuming debt and other noncurrent liabilities 6.8 16.7
Acquisition of property on account $ 36.6 $ 19.8