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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2018
Dec. 31, 2017
Current assets    
Cash and cash equivalents $ 15.4 $ 17.8
Restricted cash 0.0 378.7
Receivables, less allowances of $13.0 and $10.4 342.8 239.8
Inventory, materials and supplies 46.5 44.3
Prepaid expenses 30.7 22.2
Other current assets 10.5 7.6
Total current assets 445.9 710.4
Property, plant and equipment, net 1,844.0 1,129.0
Goodwill 157.0 151.0
Intangible assets, net 168.1 132.3
Deferred income tax assets 47.5 12.2
Other noncurrent assets 67.7 52.7
Total assets 2,730.2 2,187.6
Current liabilities    
Current portion of long-term debt 20.2 18.4
Accounts payable 331.9 185.6
Unearned revenue and customer deposits 55.9 36.3
Accrued taxes 24.8 21.2
Accrued interest 26.8 29.9
Accrued payroll and benefits 42.9 28.7
Other current liabilities 39.2 37.2
Total current liabilities 541.7 357.3
Long-term debt, less current portion 1,909.6 1,729.3
Pension and postretirement benefit obligations 230.6 177.5
Pole License Agreement Obligation 39.1 0.0
Deferred income tax liabilities 11.4 11.2
Other noncurrent liabilities 72.8 30.2
Total liabilities 2,805.2 2,305.5
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 December 31, 2018 and 2017; liquidation preference $1,000 per share ($50 per depositary share) 129.4 129.4
Common shares, $.01 par value; 96,000,000 shares authorized; 50,184,114 and 42,197,965 shares issued and outstanding at December 31, 2018 and 2017, respectively 0.5 0.4
Additional paid-in capital 2,680.0 2,565.6
Accumulated deficit (2,709.4) (2,639.6)
Accumulated other comprehensive loss (175.5) (173.7)
Total shareowners' deficit (75.0) (117.9)
Total liabilities and shareowners' deficit $ 2,730.2 $ 2,187.6