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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities      
Net loss $ (129,300,000) $ (192,700,000) $ (130,900,000)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Depreciation and amortization 344,600,000 449,600,000 497,100,000
Loss on impairment of long-lived assets 3,100,000 0 2,700,000
Provision for credit loss on receivables 9,700,000 9,100,000 8,400,000
Unrealized (gain) loss on interest rate swaps (1,200,000) 4,400,000 (13,700,000)
Noncash portion of interest expense 8,700,000 7,500,000 5,400,000
Deferred income taxes 15,500,000 (40,600,000) (42,300,000)
Pension and other postretirement payments in excess of expense (14,400,000) (7,700,000) (16,100,000)
Gain on sale of discontinued operations (93,700,000) 0 0
Other, net (10,400,000) (2,400,000) (1,300,000)
Changes in operating assets and liabilities:      
Decrease (increase) in receivables 87,000,000 (54,500,000) (9,100,000)
Decrease (increase) in inventory, materials, supplies, prepaid expenses and other current assets 3,900,000 (14,600,000) (48,100,000)
(Decrease) increase in accounts payable (20,400,000) (54,700,000) 69,200,000
Increase (decrease) in accrued and other current liabilities 31,200,000 2,700,000 (1,400,000)
Increase in other noncurrent assets (19,200,000) (5,100,000) (5,200,000)
Increase in other noncurrent liabilities 21,700,000 5,000,000 7,300,000
Net cash provided by operating activities 236,800,000 106,000,000 322,000,000
Cash flows from investing activities      
Capital expenditures (553,500,000) (641,400,000) (482,800,000)
Acquisition of businesses, net of cash acquired 0 (3,200,000) (65,500,000)
Proceeds from sale of discontinued operations, net of cash divested 672,200,000 0 0
Insurance proceeds received for damage to equipment 7,600,000 300,000 400,000
Purchase of indefinite-lived intangibles 0 0 (6,800,000)
Acquisition of fiber and cable assets (1,500,000) (8,600,000) 0
Other, net (500,000) (1,300,000) 1,000,000
Net cash provided by (used in) investing activities 124,300,000 (654,200,000) (553,700,000)
Cash flows from financing activities      
Capital contributions by Red Fiber Parent LLC 200,000,000 400,000,000 0
Proceeds from issuance of long-term debt 331,700,000 211,400,000 2,700,000
Net (decrease) increase in corporate credit facility with initial maturities less than 90 days (152,500,000) (70,500,000) 223,000,000
Proceeds from borrowings on receivables facilities 1,279,900,000 1,706,500,000 1,150,800,000
Payments on receivables facilities (1,525,400,000) (1,647,800,000) (1,116,900,000)
Repayment of debt (36,200,000) (47,800,000) (20,300,000)
Debt issuance costs (5,400,000) (4,000,000) (700,000)
Net cash provided by financing activities 92,100,000 547,800,000 238,600,000
Effect of exchange rate changes on cash, cash equivalents and restricted cash 100,000 0 (100,000)
Net increase (decrease) in cash, cash equivalents and restricted cash 453,300,000 (400,000) 6,800,000
Cash, cash equivalents and restricted cash at beginning of period 12,500,000 12,900,000 6,100,000
Cash, cash equivalents and restricted cash at end of period $ 465,800,000 $ 12,500,000 $ 12,900,000