Guarantors (Details) (USD $) | 3 Months Ended | 0 Months Ended | | |
Mar. 31, 2015 | Mar. 31, 2014 | Jun. 25, 2014 | Jan. 23, 2013 | Dec. 31, 2014 | Dec. 31, 2013 |
Condensed Financial Statements, Captions [Line Items] | | | | | | |
Ownership percentage of non-guarantors/subsidiaries | 100.00% | | | | | |
Condensed Consolidating Balance Sheets | | | | | | |
Land | $93,000,000 | | | | $89,700,000 | |
Buildings and improvements | 820,800,000 | | | | 812,600,000 | |
Equipment | 382,700,000 | | | | 349,100,000 | |
Construction in progress | 121,000,000 | | | | 127,000,000 | |
Subtotal | 1,417,500,000 | | | | 1,378,400,000 | |
Accumulated depreciation | -350,100,000 | | | | -327,000,000 | |
Net investment in real estate | 1,067,400,000 | | | | 1,051,400,000 | |
Cash and cash equivalents at end of period | 26,000,000 | 125,200,000 | | | | |
Investment in subsidiary | 0 | | | | 0 | |
Rent and other receivables | 53,900,000 | | | | 60,900,000 | |
Intercompany receivable | 0 | | | | 0 | |
Goodwill | 276,200,000 | | | | 276,200,000 | |
Intangible assets, net | 65,300,000 | | | | 68,900,000 | |
Due from affiliates | 1,400,000 | | | | 800,000 | |
Other assets | 86,400,000 | | | | 91,800,000 | |
Total assets | 1,576,600,000 | | | | 1,586,500,000 | |
Accounts payable and accrued expenses | 67,100,000 | | | | 69,900,000 | |
Deferred revenue | 65,500,000 | | | | 65,700,000 | |
Intercompany and loan payable | 0 | | | | 0 | |
Due to affiliates | 9,100,000 | | | | 7,300,000 | |
Capital lease obligations | 12,600,000 | | | | 13,400,000 | |
Long-term debt | 679,800,000 | | | | 659,800,000 | |
Other financing arrangements | 51,300,000 | | | | 53,400,000 | |
Total liabilities | 885,400,000 | | | | 869,500,000 | |
Total shareholdersb equity | 446,200,000 | | | | 460,700,000 | |
Noncontrolling interest | 245,000,000 | | | | 256,300,000 | |
Total equity | 691,200,000 | 766,800,000 | | | 717,000,000 | 777,600,000 |
Total liabilities and parentbs net investment | | | | | 1,586,500,000 | |
Total liabilities and equity | 1,576,600,000 | | | | 1,586,500,000 | |
Condensed Consolidating Statements of Operations | | | | | | |
Revenue | 85,700,000 | 77,500,000 | | | | |
Costs and expenses: | | | | | | |
Property operating expenses | 32,300,000 | 27,700,000 | | | | |
Sales and marketing | 2,900,000 | 3,000,000 | | | | |
General and administrative | 9,100,000 | 7,300,000 | | | | |
Depreciation and amortization | 31,100,000 | 27,600,000 | | | | |
Transaction costs | 100,000 | 100,000 | | | | |
Total costs and expenses | 84,100,000 | 65,700,000 | | | | |
Operating income | 1,600,000 | 11,800,000 | | | | |
Interest expense | 8,400,000 | 10,700,000 | | | | |
Net (loss) income before income taxes | -6,800,000 | 1,100,000 | | | | |
Income tax expense | -400,000 | -400,000 | | | | |
Equity earnings (loss) related to investment in subsidiaries | 0 | 0 | | | | |
Net income (loss) | -7,200,000 | 700,000 | | | | |
Noncontrolling interest in net (loss) income | -2,900,000 | 500,000 | | | | |
Net income (loss) attributed to common shareholders | -4,300,000 | 200,000 | | | | |
Cash flows from operating activities: | | | | | | |
Net income (loss) | -7,200,000 | 700,000 | | | | |
Equity income (loss) related to investment in subsidiaries | 0 | 0 | | | | |
Adjustments to reconcile net (loss) income to net cash provided by operating activities: | | | | | | |
Depreciation and amortization | 31,100,000 | 27,600,000 | | | | |
Noncash interest expense | 700,000 | 900,000 | | | | |
Stock-based compensation expense | 3,000,000 | 2,200,000 | | | | |
Asset impairments | 8,600,000 | 0 | | | | |
Change in operating assets and liabilities, net of effects of acquisitions: | | | | | | |
Rent receivables and other assets | 1,800,000 | -6,700,000 | | | | |
Accounts payable and accrued expenses | -2,900,000 | 4,400,000 | | | | |
Deferred revenues | -200,000 | 8,900,000 | | | | |
Due to affiliates | -1,600,000 | -100,000 | | | | |
Net cash (used in) provided by operating activities | 33,300,000 | 37,900,000 | | | | |
Cash flows from investing activities: | | | | | | |
Capital expenditures b acquisitions of real estate | -17,300,000 | 0 | | | | |
Capital expenditures b other development | -31,900,000 | -49,700,000 | | | | |
Intercompany advances | 0 | | | | | |
Intercompany advances, net | | 0 | | | | |
Intercompany borrowings | 0 | | | | | |
Return of investment | 0 | 0 | | | | |
Net cash provided by (used in) investing activities | -49,200,000 | -49,700,000 | | | | |
Cash flows from financing activities: | | | | | | |
Dividends paid | -13,500,000 | -10,400,000 | | | | |
Intercompany borrowings | 0 | | | | | |
Borrowings from revolving credit agreement | 20,000,000 | 0 | | | | |
Payments on capital leases and other financing arrangements | -1,100,000 | -1,400,000 | | | | |
Taxes on vesting of shares | 600,000 | 0 | | | | |
Net cash (used in) provided by financing activities | 5,400,000 | -11,800,000 | | | | |
Net increase (decrease) in cash and cash equivalents | -10,500,000 | -23,600,000 | | | | |
Cash and cash equivalents at beginning of period | 36,500,000 | 148,800,000 | | | | |
Cash and cash equivalents at end of period | 26,000,000 | 125,200,000 | | | | |
Parent Company [Member] | | | | | | |
Condensed Financial Statements, Captions [Line Items] | | | | | | |
Combined interest held on completion of transactions | | | | 33.90% | | |
Condensed Consolidating Balance Sheets | | | | | | |
Land | 0 | | | | 0 | |
Buildings and improvements | 0 | | | | 0 | |
Equipment | 0 | | | | 0 | |
Construction in progress | 0 | | | | 0 | |
Subtotal | 0 | | | | 0 | |
Accumulated depreciation | 0 | | | | 0 | |
Net investment in real estate | 0 | | | | 0 | |
Cash and cash equivalents at end of period | 0 | 0 | | | | |
Investment in subsidiary | 443,300,000 | | | | 458,500,000 | |
Rent and other receivables | 0 | | | | 0 | |
Intercompany receivable | 0 | | | | 0 | |
Goodwill | 0 | | | | 0 | |
Intangible assets, net | 0 | | | | 0 | |
Due from affiliates | 0 | | | | 0 | |
Other assets | 0 | | | | 0 | |
Total assets | 443,300,000 | | | | 458,500,000 | |
Accounts payable and accrued expenses | 0 | | | | 0 | |
Deferred revenue | 0 | | | | 0 | |
Intercompany and loan payable | 0 | | | | 0 | |
Due to affiliates | 0 | | | | 0 | |
Capital lease obligations | 0 | | | | 0 | |
Long-term debt | 0 | | | | 0 | |
Other financing arrangements | 0 | | | | 0 | |
Total liabilities | 0 | | | | 0 | |
Total shareholdersb equity | 443,300,000 | | | | 458,500,000 | |
Noncontrolling interest | 0 | | | | 0 | |
Total equity | 443,300,000 | | | | 458,500,000 | |
Total liabilities and parentbs net investment | | | | | 458,500,000 | |
Total liabilities and equity | 443,300,000 | | | | | |
Condensed Consolidating Statements of Operations | | | | | | |
Revenue | 0 | 0 | | | | |
Costs and expenses: | | | | | | |
Property operating expenses | 0 | 0 | | | | |
Sales and marketing | 0 | 0 | | | | |
General and administrative | 0 | 0 | | | | |
Depreciation and amortization | 0 | 0 | | | | |
Transaction costs | 0 | 0 | | | | |
Total costs and expenses | 0 | 0 | | | | |
Operating income | 0 | 0 | | | | |
Interest expense | 0 | 0 | | | | |
Net (loss) income before income taxes | 0 | 0 | | | | |
Income tax expense | 0 | 0 | | | | |
Equity earnings (loss) related to investment in subsidiaries | -5,000,000 | 200,000 | | | | |
Net income (loss) | -5,000,000 | 200,000 | | | | |
Noncontrolling interest in net (loss) income | 0 | 0 | | | | |
Net income (loss) attributed to common shareholders | -5,000,000 | 200,000 | | | | |
Cash flows from operating activities: | | | | | | |
Net income (loss) | -5,000,000 | 200,000 | | | | |
Equity income (loss) related to investment in subsidiaries | 5,000,000 | -200,000 | | | | |
Adjustments to reconcile net (loss) income to net cash provided by operating activities: | | | | | | |
Depreciation and amortization | 0 | 0 | | | | |
Noncash interest expense | 0 | 0 | | | | |
Stock-based compensation expense | 0 | 0 | | | | |
Asset impairments | 0 | | | | | |
Change in operating assets and liabilities, net of effects of acquisitions: | | | | | | |
Rent receivables and other assets | 0 | 0 | | | | |
Accounts payable and accrued expenses | 0 | 0 | | | | |
Deferred revenues | 0 | 0 | | | | |
Due to affiliates | 0 | 0 | | | | |
Net cash (used in) provided by operating activities | 0 | 0 | | | | |
Cash flows from investing activities: | | | | | | |
Capital expenditures b acquisitions of real estate | 0 | | | | | |
Capital expenditures b other development | 0 | 0 | | | | |
Intercompany advances | 0 | | | | | |
Intercompany advances, net | | 0 | | | | |
Intercompany borrowings | 0 | | | | | |
Return of investment | 7,900,000 | 3,600,000 | | | | |
Net cash provided by (used in) investing activities | 7,900,000 | 3,600,000 | | | | |
Cash flows from financing activities: | | | | | | |
Dividends paid | -7,900,000 | -3,600,000 | | | | |
Intercompany borrowings | 0 | | | | | |
Borrowings from revolving credit agreement | 0 | | | | | |
Payments on capital leases and other financing arrangements | 0 | 0 | | | | |
Net cash (used in) provided by financing activities | -7,900,000 | -3,600,000 | | | | |
Net increase (decrease) in cash and cash equivalents | 0 | 0 | | | | |
Cash and cash equivalents at beginning of period | 0 | 0 | | | | |
Cash and cash equivalents at end of period | 0 | 0 | | | | |
CyrusOne LP [Member] | | | | | | |
Condensed Financial Statements, Captions [Line Items] | | | | | | |
Ownership percentage of non-guarantors/subsidiaries | 100.00% | | | | | |
Condensed Consolidating Balance Sheets | | | | | | |
Land | 93,000,000 | | | | 89,700,000 | |
Buildings and improvements | 820,800,000 | | | | 812,600,000 | |
Equipment | 382,700,000 | | | | 349,100,000 | |
Construction in progress | 121,000,000 | | | | 127,000,000 | |
Subtotal | 1,417,500,000 | | | | 1,378,400,000 | |
Accumulated depreciation | -350,100,000 | | | | -327,000,000 | |
Net investment in real estate | 1,067,400,000 | | | | 1,051,400,000 | |
Cash and cash equivalents at end of period | 26,000,000 | 125,200,000 | | | | |
Rent and other receivables | 53,900,000 | | | | 60,900,000 | |
Goodwill | 276,200,000 | | | | 276,200,000 | |
Intangible assets, net | 65,300,000 | | | | 68,900,000 | |
Due from affiliates | 1,400,000 | | | | 800,000 | |
Other assets | 86,400,000 | | | | 91,800,000 | |
Total assets | 1,576,600,000 | | | | 1,586,500,000 | |
Accounts payable and accrued expenses | 67,100,000 | | | | 69,900,000 | |
Deferred revenue | 65,500,000 | | | | 65,700,000 | |
Due to affiliates | 9,100,000 | | | | 7,300,000 | |
Capital lease obligations | 12,600,000 | | | | 13,400,000 | |
Long-term debt | 679,800,000 | | | | 659,800,000 | |
Other financing arrangements | 51,300,000 | | | | 53,400,000 | |
Total liabilities | 885,400,000 | | | | 869,500,000 | |
Total equity | 691,200,000 | | | | 717,000,000 | |
Total liabilities and equity | 1,576,600,000 | | | | 1,586,500,000 | |
Condensed Consolidating Statements of Operations | | | | | | |
Revenue | 85,700,000 | 77,500,000 | | | | |
Costs and expenses: | | | | | | |
Property operating expenses | 32,300,000 | 27,700,000 | | | | |
Sales and marketing | 2,900,000 | 3,000,000 | | | | |
General and administrative | 9,100,000 | 7,300,000 | | | | |
Depreciation and amortization | 31,100,000 | 27,600,000 | | | | |
Transaction costs | 100,000 | 100,000 | | | | |
Total costs and expenses | 84,100,000 | 65,700,000 | | | | |
Operating income | 1,600,000 | 11,800,000 | | | | |
Interest expense | 8,400,000 | 10,700,000 | | | | |
Net (loss) income before income taxes | -6,800,000 | 1,100,000 | | | | |
Income tax expense | -400,000 | -400,000 | | | | |
Net income (loss) | -7,200,000 | 700,000 | | | | |
Cash flows from operating activities: | | | | | | |
Net income (loss) | -7,200,000 | 700,000 | | | | |
Adjustments to reconcile net (loss) income to net cash provided by operating activities: | | | | | | |
Depreciation and amortization | 31,100,000 | 27,600,000 | | | | |
Noncash interest expense | 700,000 | 900,000 | | | | |
Stock-based compensation expense | 3,000,000 | 2,200,000 | | | | |
Asset impairments | 8,600,000 | 0 | | | | |
Change in operating assets and liabilities, net of effects of acquisitions: | | | | | | |
Rent receivables and other assets | 1,800,000 | -6,700,000 | | | | |
Accounts payable and accrued expenses | -2,900,000 | 4,400,000 | | | | |
Deferred revenues | -200,000 | 8,900,000 | | | | |
Due to affiliates | -1,600,000 | -100,000 | | | | |
Net cash (used in) provided by operating activities | 33,300,000 | 37,900,000 | | | | |
Cash flows from investing activities: | | | | | | |
Capital expenditures b acquisitions of real estate | -17,300,000 | 0 | | | | |
Capital expenditures b other development | -31,900,000 | -49,700,000 | | | | |
Net cash provided by (used in) investing activities | -49,200,000 | -49,700,000 | | | | |
Cash flows from financing activities: | | | | | | |
Dividends paid | -13,500,000 | -10,400,000 | | | | |
Borrowings from revolving credit agreement | 20,000,000 | 0 | | | | |
Payments on capital leases and other financing arrangements | -1,100,000 | -1,400,000 | | | | |
Taxes on vesting of shares | 600,000 | 0 | | | | |
Net cash (used in) provided by financing activities | 5,400,000 | -11,800,000 | | | | |
Net increase (decrease) in cash and cash equivalents | -10,500,000 | -23,600,000 | | | | |
Cash and cash equivalents at beginning of period | 36,500,000 | 148,800,000 | | | | |
Cash and cash equivalents at end of period | 26,000,000 | 125,200,000 | | | | |
CyrusOne GP [Member] | | | | | | |
Condensed Financial Statements, Captions [Line Items] | | | | | | |
Combined interest held on completion of transactions | 1.00% | | | | | |
Ownership percentage of non-guarantors/subsidiaries | | | | 100.00% | | |
Non-Guarantor [Member] | | | | | | |
Condensed Financial Statements, Captions [Line Items] | | | | | | |
Ownership percentage of non-guarantors/subsidiaries | 100.00% | | | | | |
Eliminations [Member] | | | | | | |
Condensed Consolidating Balance Sheets | | | | | | |
Land | 0 | | | | 0 | |
Buildings and improvements | 0 | | | | 0 | |
Equipment | 2,200,000 | | | | 0 | |
Construction in progress | 700,000 | | | | 2,200,000 | |
Subtotal | 2,900,000 | | | | 2,200,000 | |
Accumulated depreciation | 0 | | | | 0 | |
Net investment in real estate | 2,900,000 | | | | 2,200,000 | |
Cash and cash equivalents at end of period | 0 | 0 | | | | |
Investment in subsidiary | -1,174,500,000 | | | | -1,203,500,000 | |
Rent and other receivables | 0 | | | | 0 | |
Intercompany receivable | -662,900,000 | | | | -642,900,000 | |
Goodwill | 0 | | | | 0 | |
Intangible assets, net | 0 | | | | 0 | |
Due from affiliates | 0 | | | | 0 | |
Other assets | 0 | | | | 0 | |
Total assets | -1,834,500,000 | | | | -1,844,200,000 | |
Accounts payable and accrued expenses | 0 | | | | 0 | |
Deferred revenue | 0 | | | | 0 | |
Intercompany and loan payable | -662,900,000 | | | | -642,900,000 | |
Due to affiliates | 0 | | | | 0 | |
Capital lease obligations | 0 | | | | 0 | |
Long-term debt | 0 | | | | 0 | |
Other financing arrangements | 0 | | | | 0 | |
Total liabilities | -662,900,000 | | | | -642,900,000 | |
Total shareholdersb equity | -1,416,600,000 | | | | -1,457,600,000 | |
Noncontrolling interest | 245,000,000 | | | | 256,300,000 | |
Total equity | -1,171,600,000 | | | | -1,201,300,000 | |
Total liabilities and parentbs net investment | | | | | -1,844,200,000 | |
Total liabilities and equity | -1,834,500,000 | | | | | |
Condensed Consolidating Statements of Operations | | | | | | |
Revenue | 0 | 0 | | | | |
Costs and expenses: | | | | | | |
Property operating expenses | 0 | 0 | | | | |
Sales and marketing | 0 | 0 | | | | |
General and administrative | 0 | 0 | | | | |
Depreciation and amortization | 0 | 0 | | | | |
Transaction costs | 0 | 0 | | | | |
Total costs and expenses | 0 | 0 | | | | |
Operating income | 0 | 0 | | | | |
Interest expense | -700,000 | 0 | | | | |
Net (loss) income before income taxes | 700,000 | 0 | | | | |
Income tax expense | 0 | 0 | | | | |
Equity earnings (loss) related to investment in subsidiaries | 5,500,000 | -9,400,000 | | | | |
Net income (loss) | 6,200,000 | -9,400,000 | | | | |
Noncontrolling interest in net (loss) income | -2,900,000 | 500,000 | | | | |
Net income (loss) attributed to common shareholders | 9,100,000 | -9,900,000 | | | | |
Cash flows from operating activities: | | | | | | |
Net income (loss) | 6,200,000 | -9,400,000 | | | | |
Equity income (loss) related to investment in subsidiaries | -5,500,000 | 9,400,000 | | | | |
Adjustments to reconcile net (loss) income to net cash provided by operating activities: | | | | | | |
Depreciation and amortization | 0 | 0 | | | | |
Noncash interest expense | 0 | | | | | |
Stock-based compensation expense | 0 | | | | | |
Asset impairments | 0 | | | | | |
Change in operating assets and liabilities, net of effects of acquisitions: | | | | | | |
Rent receivables and other assets | 0 | | | | | |
Accounts payable and accrued expenses | 0 | | | | | |
Deferred revenues | 0 | | | | | |
Due to affiliates | 0 | | | | | |
Net cash (used in) provided by operating activities | 700,000 | 0 | | | | |
Cash flows from investing activities: | | | | | | |
Capital expenditures b acquisitions of real estate | 0 | | | | | |
Capital expenditures b other development | 0 | 0 | | | | |
Intercompany advances | 0 | | | | | |
Intercompany advances, net | | 0 | | | | |
Intercompany borrowings | 20,000,000 | | | | | |
Return of investment | -22,100,000 | -14,000,000 | | | | |
Net cash provided by (used in) investing activities | -2,100,000 | -14,000,000 | | | | |
Cash flows from financing activities: | | | | | | |
Dividends paid | 21,400,000 | 14,000,000 | | | | |
Intercompany borrowings | -20,000,000 | | | | | |
Borrowings from revolving credit agreement | 0 | | | | | |
Payments on capital leases and other financing arrangements | 0 | 0 | | | | |
Net cash (used in) provided by financing activities | 1,400,000 | 14,000,000 | | | | |
Net increase (decrease) in cash and cash equivalents | 0 | 0 | | | | |
Cash and cash equivalents at beginning of period | 0 | 0 | | | | |
Cash and cash equivalents at end of period | 0 | 0 | | | | |
CyrusOne L.P. [Member] | | | | | | |
Condensed Consolidating Balance Sheets | | | | | | |
Land | 93,000,000 | | | | 89,700,000 | |
Buildings and improvements | 820,800,000 | | | | 812,600,000 | |
Equipment | 382,700,000 | | | | 349,100,000 | |
Construction in progress | 121,000,000 | | | | 127,000,000 | |
Subtotal | 1,417,500,000 | | | | 1,378,400,000 | |
Accumulated depreciation | -350,100,000 | | | | -327,000,000 | |
Net investment in real estate | 1,067,400,000 | | | | 1,051,400,000 | |
Cash and cash equivalents at end of period | 26,000,000 | 125,200,000 | | | | |
Investment in subsidiary | 0 | | | | 0 | |
Rent and other receivables | 53,900,000 | | | | 60,900,000 | |
Intercompany receivable | 0 | | | | 0 | |
Goodwill | 276,200,000 | | | | 276,200,000 | |
Intangible assets, net | 65,300,000 | | | | 68,900,000 | |
Due from affiliates | 1,400,000 | | | | 800,000 | |
Other assets | 86,400,000 | | | | 91,800,000 | |
Total assets | 1,576,600,000 | | | | 1,586,500,000 | |
Accounts payable and accrued expenses | 67,100,000 | | | | 69,900,000 | |
Deferred revenue | 65,500,000 | | | | 65,700,000 | |
Intercompany and loan payable | 0 | | | | 0 | |
Due to affiliates | 9,100,000 | | | | 7,300,000 | |
Capital lease obligations | 12,600,000 | | | | 13,400,000 | |
Long-term debt | 679,800,000 | | | | 659,800,000 | |
Other financing arrangements | 51,300,000 | | | | 53,400,000 | |
Total liabilities | 885,400,000 | | | | 869,500,000 | |
Total equity | 691,200,000 | | | | 717,000,000 | |
Total liabilities and equity | 1,576,600,000 | | | | 1,586,500,000 | |
Condensed Consolidating Statements of Operations | | | | | | |
Revenue | 85,700,000 | 77,500,000 | | | | |
Costs and expenses: | | | | | | |
Property operating expenses | 32,300,000 | 27,700,000 | | | | |
Sales and marketing | 2,900,000 | 3,000,000 | | | | |
General and administrative | 9,100,000 | 7,300,000 | | | | |
Depreciation and amortization | 31,100,000 | 27,600,000 | | | | |
Transaction costs | 100,000 | 100,000 | | | | |
Total costs and expenses | 84,100,000 | 65,700,000 | | | | |
Operating income | 1,600,000 | 11,800,000 | | | | |
Interest expense | 8,400,000 | 10,700,000 | | | | |
Net (loss) income before income taxes | -6,800,000 | 1,100,000 | | | | |
Income tax expense | -400,000 | -400,000 | | | | |
Equity earnings (loss) related to investment in subsidiaries | 0 | 0 | | | | |
Net income (loss) | -7,200,000 | 700,000 | | | | |
Cash flows from operating activities: | | | | | | |
Net income (loss) | -7,200,000 | 700,000 | | | | |
Equity income (loss) related to investment in subsidiaries | 0 | 0 | | | | |
Adjustments to reconcile net (loss) income to net cash provided by operating activities: | | | | | | |
Depreciation and amortization | 31,100,000 | 27,600,000 | | | | |
Noncash interest expense | 700,000 | 900,000 | | | | |
Stock-based compensation expense | 3,000,000 | 2,200,000 | | | | |
Asset impairments | 8,600,000 | | | | | |
Change in operating assets and liabilities, net of effects of acquisitions: | | | | | | |
Rent receivables and other assets | 1,800,000 | -6,700,000 | | | | |
Accounts payable and accrued expenses | -2,900,000 | 4,400,000 | | | | |
Deferred revenues | -200,000 | 8,900,000 | | | | |
Due to affiliates | -1,600,000 | -100,000 | | | | |
Net cash (used in) provided by operating activities | 33,300,000 | 37,900,000 | | | | |
Cash flows from investing activities: | | | | | | |
Capital expenditures b acquisitions of real estate | -17,300,000 | | | | | |
Capital expenditures b other development | -31,900,000 | -49,700,000 | | | | |
Intercompany advances, net | | 0 | | | | |
Intercompany borrowings | 0 | | | | | |
Return of investment | 0 | 0 | | | | |
Net cash provided by (used in) investing activities | -49,200,000 | -49,700,000 | | | | |
Cash flows from financing activities: | | | | | | |
Dividends paid | -13,500,000 | -10,400,000 | | | | |
Intercompany borrowings | 0 | | | | | |
Borrowings from revolving credit agreement | 20,000,000 | | | | | |
Payments on capital leases and other financing arrangements | -1,100,000 | -1,400,000 | | | | |
Taxes on vesting of shares | 0 | | | | | |
Net cash (used in) provided by financing activities | 5,400,000 | -11,800,000 | | | | |
Net increase (decrease) in cash and cash equivalents | -10,500,000 | -23,600,000 | | | | |
Cash and cash equivalents at beginning of period | 36,500,000 | 148,800,000 | | | | |
Cash and cash equivalents at end of period | 26,000,000 | 125,200,000 | | | | |
CyrusOne L.P. [Member] | LP Co-Issuer and Finance Co-Issuer [Member] | | | | | | |
Condensed Financial Statements, Captions [Line Items] | | | | | | |
Ownership percentage of senior notes | 100.00% | | | | | |
CyrusOne L.P. [Member] | LP Co-Issuer [Member] | | | | | | |
Condensed Consolidating Balance Sheets | | | | | | |
Land | 0 | | | | 0 | |
Buildings and improvements | 0 | | | | 0 | |
Equipment | 0 | | | | 0 | |
Construction in progress | 0 | | | | 0 | |
Subtotal | 0 | | | | 0 | |
Accumulated depreciation | 0 | | | | 0 | |
Net investment in real estate | 0 | | | | 0 | |
Cash and cash equivalents at end of period | 0 | 0 | | | | |
Investment in subsidiary | 721,700,000 | | | | 734,300,000 | |
Rent and other receivables | 0 | | | | 0 | |
Intercompany receivable | 662,900,000 | | | | 642,900,000 | |
Goodwill | 0 | | | | 0 | |
Intangible assets, net | 0 | | | | 0 | |
Due from affiliates | 0 | | | | 0 | |
Other assets | 14,800,000 | | | | 15,500,000 | |
Total assets | 1,399,400,000 | | | | 1,392,700,000 | |
Accounts payable and accrued expenses | 22,900,000 | | | | 12,500,000 | |
Deferred revenue | 0 | | | | 0 | |
Intercompany and loan payable | 0 | | | | 0 | |
Due to affiliates | 8,400,000 | | | | 5,600,000 | |
Capital lease obligations | 0 | | | | 0 | |
Long-term debt | 679,800,000 | | | | 659,800,000 | |
Other financing arrangements | 0 | | | | 0 | |
Total liabilities | 711,100,000 | | | | 677,900,000 | |
Total shareholdersb equity | 688,300,000 | | | | 714,800,000 | |
Noncontrolling interest | 0 | | | | 0 | |
Total equity | 688,300,000 | | | | 714,800,000 | |
Total liabilities and parentbs net investment | | | | | 1,392,700,000 | |
Total liabilities and equity | 1,399,400,000 | | | | 1,392,700,000 | |
Condensed Consolidating Statements of Operations | | | | | | |
Revenue | 0 | 0 | | | | |
Costs and expenses: | | | | | | |
Property operating expenses | 0 | 0 | | | | |
Sales and marketing | 0 | 0 | | | | |
General and administrative | 0 | 0 | | | | |
Depreciation and amortization | 0 | 0 | | | | |
Transaction costs | 0 | 0 | | | | |
Total costs and expenses | 0 | 0 | | | | |
Operating income | 0 | 0 | | | | |
Interest expense | 8,300,000 | 9,600,000 | | | | |
Net (loss) income before income taxes | -8,300,000 | -9,600,000 | | | | |
Income tax expense | 0 | 0 | | | | |
Equity earnings (loss) related to investment in subsidiaries | 400,000 | 10,300,000 | | | | |
Net income (loss) | -7,900,000 | 700,000 | | | | |
Noncontrolling interest in net (loss) income | 0 | 0 | | | | |
Net income (loss) attributed to common shareholders | -7,900,000 | 700,000 | | | | |
Cash flows from operating activities: | | | | | | |
Net income (loss) | -7,900,000 | 700,000 | | | | |
Equity income (loss) related to investment in subsidiaries | -400,000 | -10,300,000 | | | | |
Adjustments to reconcile net (loss) income to net cash provided by operating activities: | | | | | | |
Depreciation and amortization | 0 | 0 | | | | |
Noncash interest expense | 700,000 | 900,000 | | | | |
Stock-based compensation expense | 0 | 0 | | | | |
Asset impairments | 0 | | | | | |
Change in operating assets and liabilities, net of effects of acquisitions: | | | | | | |
Rent receivables and other assets | 0 | 0 | | | | |
Accounts payable and accrued expenses | 10,400,000 | 8,400,000 | | | | |
Deferred revenues | 0 | 0 | | | | |
Due to affiliates | 0 | 0 | | | | |
Net cash (used in) provided by operating activities | 2,800,000 | -300,000 | | | | |
Cash flows from investing activities: | | | | | | |
Capital expenditures b acquisitions of real estate | 0 | | | | | |
Capital expenditures b other development | 0 | 0 | | | | |
Intercompany advances | 0 | | | | | |
Intercompany advances, net | | 0 | | | | |
Intercompany borrowings | -20,000,000 | | | | | |
Return of investment | 10,700,000 | 10,700,000 | | | | |
Net cash provided by (used in) investing activities | -9,300,000 | 10,700,000 | | | | |
Cash flows from financing activities: | | | | | | |
Dividends paid | -13,500,000 | -10,400,000 | | | | |
Intercompany borrowings | 0 | | | | | |
Borrowings from revolving credit agreement | 20,000,000 | | | | | |
Payments on capital leases and other financing arrangements | 0 | 0 | | | | |
Taxes on vesting of shares | 0 | | | | | |
Net cash (used in) provided by financing activities | 6,500,000 | -10,400,000 | | | | |
Net increase (decrease) in cash and cash equivalents | 0 | 0 | | | | |
Cash and cash equivalents at beginning of period | 0 | 0 | | | | |
Cash and cash equivalents at end of period | 0 | 0 | | | | |
CyrusOne L.P. [Member] | Finance Co-Issuer [Member] | | | | | | |
Condensed Consolidating Balance Sheets | | | | | | |
Land | 0 | | | | 0 | |
Buildings and improvements | 0 | | | | 0 | |
Equipment | 0 | | | | 0 | |
Construction in progress | 0 | | | | 0 | |
Subtotal | 0 | | | | 0 | |
Accumulated depreciation | 0 | | | | 0 | |
Net investment in real estate | 0 | | | | 0 | |
Cash and cash equivalents at end of period | 0 | 0 | | | | |
Investment in subsidiary | 0 | | | | 0 | |
Rent and other receivables | 0 | | | | 0 | |
Intercompany receivable | 0 | | | | 0 | |
Goodwill | 0 | | | | 0 | |
Intangible assets, net | 0 | | | | 0 | |
Due from affiliates | 0 | | | | 0 | |
Other assets | 0 | | | | 0 | |
Total assets | 0 | | | | 0 | |
Accounts payable and accrued expenses | 0 | | | | 0 | |
Deferred revenue | 0 | | | | 0 | |
Intercompany and loan payable | 0 | | | | 0 | |
Due to affiliates | 0 | | | | 0 | |
Capital lease obligations | 0 | | | | 0 | |
Long-term debt | 0 | | | | 0 | |
Other financing arrangements | 0 | | | | 0 | |
Total liabilities | 0 | | | | 0 | |
Total shareholdersb equity | 0 | | | | 0 | |
Noncontrolling interest | 0 | | | | 0 | |
Total equity | 0 | | | | 0 | |
Total liabilities and parentbs net investment | | | | | 0 | |
Total liabilities and equity | 0 | | | | 0 | |
Condensed Consolidating Statements of Operations | | | | | | |
Revenue | 0 | 0 | | | | |
Costs and expenses: | | | | | | |
Property operating expenses | 0 | 0 | | | | |
Sales and marketing | 0 | 0 | | | | |
General and administrative | 0 | 0 | | | | |
Depreciation and amortization | 0 | 0 | | | | |
Transaction costs | 0 | 0 | | | | |
Total costs and expenses | 0 | 0 | | | | |
Operating income | 0 | 0 | | | | |
Interest expense | 0 | 0 | | | | |
Net (loss) income before income taxes | 0 | 0 | | | | |
Income tax expense | 0 | 0 | | | | |
Equity earnings (loss) related to investment in subsidiaries | 0 | 0 | | | | |
Net income (loss) | 0 | 0 | | | | |
Noncontrolling interest in net (loss) income | 0 | 0 | | | | |
Net income (loss) attributed to common shareholders | 0 | 0 | | | | |
Cash flows from operating activities: | | | | | | |
Net income (loss) | 0 | 0 | | | | |
Equity income (loss) related to investment in subsidiaries | 0 | 0 | | | | |
Adjustments to reconcile net (loss) income to net cash provided by operating activities: | | | | | | |
Depreciation and amortization | 0 | 0 | | | | |
Noncash interest expense | 0 | 0 | | | | |
Stock-based compensation expense | 0 | 0 | | | | |
Asset impairments | 0 | | | | | |
Change in operating assets and liabilities, net of effects of acquisitions: | | | | | | |
Rent receivables and other assets | 0 | 0 | | | | |
Accounts payable and accrued expenses | 0 | 0 | | | | |
Deferred revenues | 0 | 0 | | | | |
Due to affiliates | 0 | 0 | | | | |
Net cash (used in) provided by operating activities | 0 | 0 | | | | |
Cash flows from investing activities: | | | | | | |
Capital expenditures b acquisitions of real estate | 0 | | | | | |
Capital expenditures b other development | 0 | 0 | | | | |
Intercompany advances | 0 | | | | | |
Intercompany advances, net | | 0 | | | | |
Intercompany borrowings | 0 | | | | | |
Return of investment | 0 | 0 | | | | |
Net cash provided by (used in) investing activities | 0 | 0 | | | | |
Cash flows from financing activities: | | | | | | |
Dividends paid | 0 | 0 | | | | |
Intercompany borrowings | 0 | | | | | |
Borrowings from revolving credit agreement | 0 | | | | | |
Payments on capital leases and other financing arrangements | 0 | 0 | | | | |
Taxes on vesting of shares | 0 | | | | | |
Net cash (used in) provided by financing activities | 0 | 0 | | | | |
Net increase (decrease) in cash and cash equivalents | 0 | 0 | | | | |
Cash and cash equivalents at beginning of period | 0 | 0 | | | | |
Cash and cash equivalents at end of period | 0 | 0 | | | | |
CyrusOne L.P. [Member] | Guarantors [Member] | | | | | | |
Condensed Consolidating Balance Sheets | | | | | | |
Land | 93,000,000 | | | | 89,700,000 | |
Buildings and improvements | 780,900,000 | | | | 770,900,000 | |
Equipment | 379,700,000 | | | | 348,300,000 | |
Construction in progress | 120,300,000 | | | | 124,800,000 | |
Subtotal | 1,373,900,000 | | | | 1,333,700,000 | |
Accumulated depreciation | -342,400,000 | | | | -319,700,000 | |
Net investment in real estate | 1,031,500,000 | | | | 1,014,000,000 | |
Cash and cash equivalents at end of period | 22,000,000 | 124,200,000 | | | | |
Investment in subsidiary | 2,600,000 | | | | 3,600,000 | |
Rent and other receivables | 52,500,000 | | | | 57,900,000 | |
Intercompany receivable | 0 | | | | 0 | |
Goodwill | 276,200,000 | | | | 276,200,000 | |
Intangible assets, net | 65,300,000 | | | | 68,900,000 | |
Due from affiliates | 1,400,000 | | | | 800,000 | |
Other assets | 68,500,000 | | | | 73,100,000 | |
Total assets | 1,520,000,000 | | | | 1,528,000,000 | |
Accounts payable and accrued expenses | 43,700,000 | | | | 56,900,000 | |
Deferred revenue | 64,900,000 | | | | 65,100,000 | |
Intercompany and loan payable | 662,900,000 | | | | 642,900,000 | |
Due to affiliates | 700,000 | | | | 1,700,000 | |
Capital lease obligations | 5,800,000 | | | | 6,200,000 | |
Long-term debt | 0 | | | | 0 | |
Other financing arrangements | 20,300,000 | | | | 20,900,000 | |
Total liabilities | 798,300,000 | | | | 793,700,000 | |
Total shareholdersb equity | 721,700,000 | | | | 734,300,000 | |
Noncontrolling interest | 0 | | | | 0 | |
Total equity | 721,700,000 | | | | 734,300,000 | |
Total liabilities and parentbs net investment | | | | | 1,528,000,000 | |
Total liabilities and equity | 1,520,000,000 | | | | 1,528,000,000 | |
Condensed Consolidating Statements of Operations | | | | | | |
Revenue | 84,400,000 | 76,200,000 | | | | |
Costs and expenses: | | | | | | |
Property operating expenses | 31,700,000 | 27,100,000 | | | | |
Sales and marketing | 2,900,000 | 3,000,000 | | | | |
General and administrative | 9,000,000 | 7,200,000 | | | | |
Depreciation and amortization | 30,500,000 | 26,800,000 | | | | |
Transaction costs | 100,000 | 100,000 | | | | |
Total costs and expenses | 82,800,000 | 64,200,000 | | | | |
Operating income | 1,600,000 | 12,000,000 | | | | |
Interest expense | 0 | 200,000 | | | | |
Net (loss) income before income taxes | 1,600,000 | 11,800,000 | | | | |
Income tax expense | -400,000 | -400,000 | | | | |
Equity earnings (loss) related to investment in subsidiaries | -800,000 | -1,100,000 | | | | |
Net income (loss) | 400,000 | 10,300,000 | | | | |
Noncontrolling interest in net (loss) income | 0 | 0 | | | | |
Net income (loss) attributed to common shareholders | 400,000 | 10,300,000 | | | | |
Cash flows from operating activities: | | | | | | |
Net income (loss) | 400,000 | 10,300,000 | | | | |
Equity income (loss) related to investment in subsidiaries | 800,000 | 1,100,000 | | | | |
Adjustments to reconcile net (loss) income to net cash provided by operating activities: | | | | | | |
Depreciation and amortization | 30,500,000 | 26,800,000 | | | | |
Noncash interest expense | 0 | 0 | | | | |
Stock-based compensation expense | 3,000,000 | 2,200,000 | | | | |
Asset impairments | 8,600,000 | | | | | |
Change in operating assets and liabilities, net of effects of acquisitions: | | | | | | |
Rent receivables and other assets | 100,000 | -6,100,000 | | | | |
Accounts payable and accrued expenses | -13,300,000 | -4,100,000 | | | | |
Deferred revenues | -200,000 | 8,900,000 | | | | |
Due to affiliates | -1,600,000 | -100,000 | | | | |
Net cash (used in) provided by operating activities | 28,300,000 | 39,000,000 | | | | |
Cash flows from investing activities: | | | | | | |
Capital expenditures b acquisitions of real estate | -17,300,000 | | | | | |
Capital expenditures b other development | -31,800,000 | -49,600,000 | | | | |
Intercompany advances | 0 | | | | | |
Intercompany advances, net | | 100,000 | | | | |
Intercompany borrowings | 0 | | | | | |
Return of investment | 3,700,000 | -300,000 | | | | |
Net cash provided by (used in) investing activities | -45,400,000 | -49,800,000 | | | | |
Cash flows from financing activities: | | | | | | |
Dividends paid | -13,500,000 | -10,400,000 | | | | |
Intercompany borrowings | 20,000,000 | | | | | |
Borrowings from revolving credit agreement | 0 | | | | | |
Payments on capital leases and other financing arrangements | -900,000 | -1,400,000 | | | | |
Taxes on vesting of shares | 0 | | | | | |
Net cash (used in) provided by financing activities | 5,600,000 | -11,800,000 | | | | |
Net increase (decrease) in cash and cash equivalents | -11,500,000 | -22,600,000 | | | | |
Cash and cash equivalents at beginning of period | 33,500,000 | 146,800,000 | | | | |
Cash and cash equivalents at end of period | 22,000,000 | 124,200,000 | | | | |
CyrusOne L.P. [Member] | Non-Guarantor [Member] | | | | | | |
Condensed Consolidating Balance Sheets | | | | | | |
Land | 0 | | | | 0 | |
Buildings and improvements | 39,900,000 | | | | 41,700,000 | |
Equipment | 800,000 | | | | 800,000 | |
Construction in progress | 0 | | | | 0 | |
Subtotal | 40,700,000 | | | | 42,500,000 | |
Accumulated depreciation | -7,700,000 | | | | -7,300,000 | |
Net investment in real estate | 33,000,000 | | | | 35,200,000 | |
Cash and cash equivalents at end of period | 4,000,000 | 1,000,000 | | | | |
Investment in subsidiary | 0 | | | | 0 | |
Rent and other receivables | 1,400,000 | | | | 3,000,000 | |
Intercompany receivable | 0 | | | | 0 | |
Goodwill | 0 | | | | 0 | |
Intangible assets, net | 0 | | | | 0 | |
Due from affiliates | 0 | | | | 0 | |
Other assets | 3,100,000 | | | | 3,200,000 | |
Total assets | 41,500,000 | | | | 44,400,000 | |
Accounts payable and accrued expenses | 500,000 | | | | 500,000 | |
Deferred revenue | 600,000 | | | | 600,000 | |
Intercompany and loan payable | 0 | | | | 0 | |
Due to affiliates | 0 | | | | 0 | |
Capital lease obligations | 6,800,000 | | | | 7,200,000 | |
Long-term debt | 0 | | | | 0 | |
Other financing arrangements | 31,000,000 | | | | 32,500,000 | |
Total liabilities | 38,900,000 | | | | 40,800,000 | |
Total shareholdersb equity | 2,600,000 | | | | 3,600,000 | |
Noncontrolling interest | 0 | | | | 0 | |
Total equity | 2,600,000 | | | | 3,600,000 | |
Total liabilities and parentbs net investment | | | | | 44,400,000 | |
Total liabilities and equity | 41,500,000 | | | | 44,400,000 | |
Condensed Consolidating Statements of Operations | | | | | | |
Revenue | 1,300,000 | 1,300,000 | | | | |
Costs and expenses: | | | | | | |
Property operating expenses | 600,000 | 600,000 | | | | |
Sales and marketing | 0 | 0 | | | | |
General and administrative | 100,000 | 100,000 | | | | |
Depreciation and amortization | 600,000 | 800,000 | | | | |
Transaction costs | 0 | 0 | | | | |
Total costs and expenses | 1,300,000 | 1,500,000 | | | | |
Operating income | 0 | -200,000 | | | | |
Interest expense | 800,000 | 900,000 | | | | |
Net (loss) income before income taxes | -800,000 | -1,100,000 | | | | |
Income tax expense | 0 | 0 | | | | |
Equity earnings (loss) related to investment in subsidiaries | 0 | 0 | | | | |
Net income (loss) | -800,000 | -1,100,000 | | | | |
Noncontrolling interest in net (loss) income | 0 | 0 | | | | |
Net income (loss) attributed to common shareholders | -800,000 | -1,100,000 | | | | |
Cash flows from operating activities: | | | | | | |
Net income (loss) | -800,000 | -1,100,000 | | | | |
Equity income (loss) related to investment in subsidiaries | 0 | 0 | | | | |
Adjustments to reconcile net (loss) income to net cash provided by operating activities: | | | | | | |
Depreciation and amortization | 600,000 | 800,000 | | | | |
Noncash interest expense | 0 | 0 | | | | |
Stock-based compensation expense | 0 | 0 | | | | |
Asset impairments | 0 | | | | | |
Change in operating assets and liabilities, net of effects of acquisitions: | | | | | | |
Rent receivables and other assets | 1,700,000 | -600,000 | | | | |
Accounts payable and accrued expenses | 0 | 100,000 | | | | |
Deferred revenues | 0 | 0 | | | | |
Due to affiliates | 0 | 0 | | | | |
Net cash (used in) provided by operating activities | 1,500,000 | -800,000 | | | | |
Cash flows from investing activities: | | | | | | |
Capital expenditures b acquisitions of real estate | 0 | | | | | |
Capital expenditures b other development | -100,000 | -100,000 | | | | |
Intercompany advances | 0 | | | | | |
Intercompany advances, net | | -100,000 | | | | |
Intercompany borrowings | 0 | | | | | |
Return of investment | -200,000 | 0 | | | | |
Net cash provided by (used in) investing activities | -300,000 | -200,000 | | | | |
Cash flows from financing activities: | | | | | | |
Dividends paid | 0 | 0 | | | | |
Intercompany borrowings | 0 | | | | | |
Borrowings from revolving credit agreement | 0 | | | | | |
Payments on capital leases and other financing arrangements | -200,000 | 0 | | | | |
Taxes on vesting of shares | 0 | | | | | |
Net cash (used in) provided by financing activities | -200,000 | 0 | | | | |
Net increase (decrease) in cash and cash equivalents | 1,000,000 | -1,000,000 | | | | |
Cash and cash equivalents at beginning of period | 3,000,000 | 2,000,000 | | | | |
Cash and cash equivalents at end of period | 4,000,000 | 1,000,000 | | | | |
CyrusOne L.P. [Member] | Eliminations [Member] | | | | | | |
Condensed Consolidating Balance Sheets | | | | | | |
Land | 0 | | | | 0 | |
Buildings and improvements | 0 | | | | 0 | |
Equipment | 2,200,000 | | | | 0 | |
Construction in progress | 700,000 | | | | 2,200,000 | |
Subtotal | 2,900,000 | | | | 2,200,000 | |
Accumulated depreciation | 0 | | | | 0 | |
Net investment in real estate | 2,900,000 | | | | 2,200,000 | |
Cash and cash equivalents at end of period | 0 | 0 | | | | |
Investment in subsidiary | -724,300,000 | | | | -737,900,000 | |
Rent and other receivables | 0 | | | | 0 | |
Intercompany receivable | -662,900,000 | | | | -642,900,000 | |
Goodwill | 0 | | | | 0 | |
Intangible assets, net | 0 | | | | 0 | |
Due from affiliates | 0 | | | | 0 | |
Other assets | 0 | | | | 0 | |
Total assets | -1,384,300,000 | | | | -1,378,600,000 | |
Accounts payable and accrued expenses | 0 | | | | 0 | |
Deferred revenue | 0 | | | | 0 | |
Intercompany and loan payable | -662,900,000 | | | | -642,900,000 | |
Due to affiliates | 0 | | | | 0 | |
Capital lease obligations | 0 | | | | 0 | |
Long-term debt | 0 | | | | 0 | |
Other financing arrangements | 0 | | | | 0 | |
Total liabilities | -662,900,000 | | | | -642,900,000 | |
Total equity | -721,400,000 | | | | -735,700,000 | |
Total liabilities and equity | -1,384,300,000 | | | | -1,378,600,000 | |
Condensed Consolidating Statements of Operations | | | | | | |
Revenue | 0 | 0 | | | | |
Costs and expenses: | | | | | | |
Property operating expenses | 0 | 0 | | | | |
Sales and marketing | 0 | 0 | | | | |
General and administrative | 0 | 0 | | | | |
Depreciation and amortization | 0 | 0 | | | | |
Transaction costs | 0 | 0 | | | | |
Total costs and expenses | 0 | 0 | | | | |
Operating income | 0 | 0 | | | | |
Interest expense | -700,000 | 0 | | | | |
Net (loss) income before income taxes | 700,000 | 0 | | | | |
Income tax expense | 0 | 0 | | | | |
Equity earnings (loss) related to investment in subsidiaries | 400,000 | -9,200,000 | | | | |
Net income (loss) | 1,100,000 | -9,200,000 | | | | |
Cash flows from operating activities: | | | | | | |
Net income (loss) | 1,100,000 | -9,200,000 | | | | |
Equity income (loss) related to investment in subsidiaries | -400,000 | 9,200,000 | | | | |
Adjustments to reconcile net (loss) income to net cash provided by operating activities: | | | | | | |
Depreciation and amortization | 0 | 0 | | | | |
Noncash interest expense | 0 | 0 | | | | |
Stock-based compensation expense | 0 | 0 | | | | |
Asset impairments | 0 | | | | | |
Change in operating assets and liabilities, net of effects of acquisitions: | | | | | | |
Rent receivables and other assets | 0 | 0 | | | | |
Accounts payable and accrued expenses | 0 | 0 | | | | |
Deferred revenues | 0 | 0 | | | | |
Due to affiliates | 0 | 0 | | | | |
Net cash (used in) provided by operating activities | 700,000 | 0 | | | | |
Cash flows from investing activities: | | | | | | |
Capital expenditures b acquisitions of real estate | 0 | | | | | |
Capital expenditures b other development | 0 | 0 | | | | |
Intercompany advances, net | | 0 | | | | |
Intercompany borrowings | 20,000,000 | | | | | |
Return of investment | -14,200,000 | -10,400,000 | | | | |
Net cash provided by (used in) investing activities | 5,800,000 | -10,400,000 | | | | |
Cash flows from financing activities: | | | | | | |
Dividends paid | 13,500,000 | 10,400,000 | | | | |
Intercompany borrowings | -20,000,000 | | | | | |
Borrowings from revolving credit agreement | 0 | | | | | |
Payments on capital leases and other financing arrangements | 0 | 0 | | | | |
Taxes on vesting of shares | 0 | | | | | |
Net cash (used in) provided by financing activities | -6,500,000 | 10,400,000 | | | | |
Net increase (decrease) in cash and cash equivalents | 0 | 0 | | | | |
Cash and cash equivalents at beginning of period | 0 | 0 | | | | |
Cash and cash equivalents at end of period | 0 | 0 | | | | |
General Partner [Member] | | | | | | |
Condensed Consolidating Balance Sheets | | | | | | |
Land | 0 | | | | 0 | |
Buildings and improvements | 0 | | | | 0 | |
Equipment | 0 | | | | 0 | |
Construction in progress | 0 | | | | 0 | |
Subtotal | 0 | | | | 0 | |
Accumulated depreciation | 0 | | | | 0 | |
Net investment in real estate | 0 | | | | 0 | |
Cash and cash equivalents at end of period | 0 | 0 | | | | |
Investment in subsidiary | 6,900,000 | | | | 7,100,000 | |
Rent and other receivables | 0 | | | | 0 | |
Intercompany receivable | 0 | | | | 0 | |
Goodwill | 0 | | | | 0 | |
Intangible assets, net | 0 | | | | 0 | |
Due from affiliates | 0 | | | | 0 | |
Other assets | 0 | | | | 0 | |
Total assets | 6,900,000 | | | | 7,100,000 | |
Accounts payable and accrued expenses | 0 | | | | 0 | |
Deferred revenue | 0 | | | | 0 | |
Intercompany and loan payable | 0 | | | | 0 | |
Due to affiliates | 0 | | | | 0 | |
Capital lease obligations | 0 | | | | 0 | |
Long-term debt | 0 | | | | 0 | |
Other financing arrangements | 0 | | | | 0 | |
Total liabilities | 0 | | | | 0 | |
Total shareholdersb equity | 6,900,000 | | | | 7,100,000 | |
Noncontrolling interest | 0 | | | | 0 | |
Total equity | 6,900,000 | | | | 7,100,000 | |
Total liabilities and parentbs net investment | | | | | 7,100,000 | |
Total liabilities and equity | 6,900,000 | | | | | |
Condensed Consolidating Statements of Operations | | | | | | |
Revenue | 0 | 0 | | | | |
Costs and expenses: | | | | | | |
Property operating expenses | 0 | 0 | | | | |
Sales and marketing | 0 | 0 | | | | |
General and administrative | 0 | 0 | | | | |
Depreciation and amortization | 0 | 0 | | | | |
Transaction costs | 0 | 0 | | | | |
Total costs and expenses | 0 | 0 | | | | |
Operating income | 0 | 0 | | | | |
Interest expense | 0 | 0 | | | | |
Net (loss) income before income taxes | 0 | 0 | | | | |
Income tax expense | 0 | 0 | | | | |
Equity earnings (loss) related to investment in subsidiaries | -100,000 | 0 | | | | |
Net income (loss) | -100,000 | 0 | | | | |
Noncontrolling interest in net (loss) income | 0 | 0 | | | | |
Net income (loss) attributed to common shareholders | -100,000 | 0 | | | | |
Cash flows from operating activities: | | | | | | |
Net income (loss) | -100,000 | 0 | | | | |
Equity income (loss) related to investment in subsidiaries | 100,000 | 0 | | | | |
Adjustments to reconcile net (loss) income to net cash provided by operating activities: | | | | | | |
Depreciation and amortization | 0 | 0 | | | | |
Noncash interest expense | 0 | 0 | | | | |
Stock-based compensation expense | 0 | 0 | | | | |
Asset impairments | 0 | | | | | |
Change in operating assets and liabilities, net of effects of acquisitions: | | | | | | |
Rent receivables and other assets | 0 | 0 | | | | |
Accounts payable and accrued expenses | 0 | 0 | | | | |
Deferred revenues | 0 | 0 | | | | |
Due to affiliates | 0 | 0 | | | | |
Net cash (used in) provided by operating activities | 0 | 0 | | | | |
Cash flows from investing activities: | | | | | | |
Capital expenditures b acquisitions of real estate | 0 | | | | | |
Capital expenditures b other development | 0 | 0 | | | | |
Intercompany advances | 0 | | | | | |
Intercompany advances, net | | 0 | | | | |
Intercompany borrowings | 0 | | | | | |
Return of investment | 0 | 0 | | | | |
Net cash provided by (used in) investing activities | 0 | 0 | | | | |
Cash flows from financing activities: | | | | | | |
Dividends paid | 0 | 0 | | | | |
Intercompany borrowings | 0 | | | | | |
Borrowings from revolving credit agreement | 0 | | | | | |
Payments on capital leases and other financing arrangements | 0 | 0 | | | | |
Net cash (used in) provided by financing activities | 0 | 0 | | | | |
Net increase (decrease) in cash and cash equivalents | 0 | 0 | | | | |
Cash and cash equivalents at beginning of period | 0 | 0 | | | | |
Cash and cash equivalents at end of period | 0 | 0 | | | | |
6.375% Senior Notes Due 2022 [Member] | | | | | | |
Condensed Consolidating Balance Sheets | | | | | | |
Long-term debt | 374,800,000 | | | | 374,800,000 | |
6.375% Senior Notes Due 2022 [Member] | CyrusOne LP [Member] | | | | | | |
Condensed Financial Statements, Captions [Line Items] | | | | | | |
Ownership percentage of senior notes | 100.00% | | | | | |
6.375% Senior Notes Due 2022 [Member] | LP Co-Issuer and Finance Co-Issuer [Member] | | | | | | |
Condensed Consolidating Balance Sheets | | | | | | |
Long-term debt | 374,800,000 | | | | | |
IPO [Member] | | | | | | |
Condensed Financial Statements, Captions [Line Items] | | | | | | |
Amount received from initial public offering of common stock, net of underwriter's discount | | | 371,700,000 | | | |
IPO [Member] | Parent Company [Member] | | | | | | |
Condensed Financial Statements, Captions [Line Items] | | | | | | |
Amount received from initial public offering of common stock, net of underwriter's discount | | | | 337,100,000 | | |
Accounting for Noncontrolling Interest [Member] | Eliminations [Member] | | | | | | |
Costs and expenses: | | | | | | |
Noncontrolling interest in net (loss) income | | -500,000 | | | | |
Cash flows from financing activities: | | | | | | |
Dividends paid | | $6,800,000 | | | | |