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Consolidated Statements of Cash Flows - USD ($)
4 Months Ended 8 Months Ended 12 Months Ended
Dec. 31, 2021
Sep. 07, 2021
Dec. 31, 2022
Dec. 31, 2020
Cash flows from operating activities        
Net loss $ (27,200,000) $ (81,300,000) $ (130,900,000) $ (55,600,000)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:        
Depreciation and amortization 144,600,000 194,900,000 497,100,000 293,400,000
Loss on impairment of long-lived assets 0 0 2,700,000 0
Loss on extinguishment of debt 2,100,000 10,700,000 0 0
Provision for loss on receivables 3,600,000 2,100,000 8,400,000 14,700,000
Unrealized gain on interest rate swaps 0 0 (13,700,000) 0
Noncash portion of interest expense (income) (500,000) 4,000,000.0 5,400,000 5,500,000
Deferred income taxes (8,600,000) (21,100,000) (42,300,000) (27,700,000)
Pension and other postretirement payments (in excess of) less than expense (7,600,000) (200,000) (16,100,000) 1,000,000.0
Stock-based compensation 0 4,300,000 0 5,600,000
Other, net (100,000) (5,200,000) (1,300,000) 400,000
Changes in operating assets and liabilities:        
(Increase) decrease in receivables (138,800,000) 51,100,000 (9,100,000) (74,900,000)
(Increase) decrease in inventory, materials, supplies, prepaid expenses and other current assets (11,800,000) (29,400,000) (48,100,000) 5,000,000.0
Increase in accounts payable 25,600,000 49,100,000 69,200,000 15,800,000
(Decrease) increase in accrued and other current liabilities (19,500,000) 2,800,000 (1,400,000) 6,800,000
(Increase) decrease in other noncurrent assets (8,400,000) 2,100,000 (5,200,000) 13,700,000
Increase in other noncurrent liabilities 21,600,000 8,800,000 6,500,000 2,400,000
Net cash provided by (used in) operating activities (25,000,000.0) 192,700,000 321,200,000 206,100,000
Cash flows from investing activities        
Capital expenditures (127,000,000.0) (165,200,000) (482,800,000) (223,600,000)
Acquisition of business, net of cash acquired (1,620,700,000) 0 (65,500,000) 0
Purchase of indefinite-lived intangibles 0 0 (6,800,000) 0
Acquisition of Paniolo fiber assets (1,700,000) (50,500,000) 0 0
Wireless spectrum license purchase 0 0 0 (6,400,000)
Proceeds from sale of assets 0 9,100,000 2,300,000 3,500,000
Other, net 800,000 (100,000) (900,000) 100,000
Net cash used in investing activities (1,748,600,000) (206,700,000) (553,700,000) (226,400,000)
Cash flows from financing activities        
Capital contributions by Red Fiber Parent LLC 1,716,100,000 0 0 0
Proceeds from issuance of long-term debt 1,145,000,000.0 23,000,000.0 2,700,000 0
Net increase in corporate credit facility with initial maturities less than 90 days 0 7,000,000.0 223,000,000.0 10,000,000.0
Proceeds from borrowings on Receivables Facility 467,500,000 695,400,000 1,150,800,000 939,100,000
Payments on Receivables Facility (497,700,000) (693,400,000) (1,116,900,000) (888,900,000)
Repayment of debt (1,004,200,000) (13,400,000) (20,300,000) (22,400,000)
Debt issuance costs (55,900,000) (800,000) (700,000) (700,000)
Dividends paid on preferred stock (2,400,000) (7,800,000) 0 (10,400,000)
Other, net 0 (2,000,000.0) 800,000 (1,100,000)
Net cash provided by financing activities 1,768,400,000 8,000,000.0 239,400,000 25,600,000
Effect of exchange rate changes on cash, cash equivalents and restricted cash 100,000 0 (100,000) 300,000
Net increase (decrease) in cash, cash equivalents and restricted cash (5,100,000) (6,000,000.0) 6,800,000 5,600,000
Cash, cash equivalents and restricted cash at beginning of period 11,200,000 17,200,000 6,100,000 11,600,000
Cash, cash equivalents and restricted cash at end of period $ 6,100,000 $ 11,200,000 $ 12,900,000 $ 17,200,000