Guarantors - Cash Flows (Details) - USD ($) $ in Millions | 1 Months Ended | 3 Months Ended | 11 Months Ended | 12 Months Ended |
Jan. 23, 2013 | Dec. 31, 2015 | Sep. 30, 2015 | Jun. 30, 2015 | Mar. 31, 2015 | Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 |
Condensed Consolidating Statements of Cash Flows | | | | | | | | | | | | | |
Net loss | $ (20.2) | $ (1.2) | $ (5.3) | $ (6.5) | $ (7.2) | $ (11.8) | $ 0.2 | $ (3.6) | $ 0.7 | $ (15.6) | $ (20.2) | $ (14.5) | |
Equity loss related to investment in subsidiaries | 0 | | | | | | | | | 0 | 0 | 0 | |
Adjustments to reconcile net loss to net cash provided by operating activities: | | | | | | | | | | | | | |
Depreciation and amortization | 5.3 | | | | | | | | | 89.9 | 141.5 | 118 | |
Stock-based compensation expense | | | | | | | | | | 6 | 14.4 | 10.3 | |
Non-cash interest expense | | | | | | | | | | 4 | 3.4 | 3.4 | |
Provision for bad debt write off | | | | | | | | | | 0.4 | 0 | 0.8 | |
Loss on extinguishment of debt | | | | | | | | | | 1.3 | 0 | 13.6 | |
Asset impairments and loss on disposal | | | | | | | | | | 2.8 | 13.5 | 0 | $ 2.8 |
Deferred income tax expense, including valuation allowance change | | | | | | | | | | 0.6 | | | |
Other, net | 5.9 | | | | | | | | | 0 | | | |
Changes in operating assets and liabilities: | | | | | | | | | | | | | |
Rent receivables and other assets | (9.6) | | | | | | | | | (15.7) | (23.9) | (37) | |
Accounts payable and accrued expenses | 20.5 | | | | | | | | | (14.6) | 7 | 6.9 | |
Deferred revenues | | | | | | | | | | (0.1) | 5.4 | 9.8 | |
Due to affiliates | 1.5 | | | | | | | | | 18.4 | (0.9) | (0.2) | |
Other changes in assets and liabilities | 3.9 | | | | | | | | | | | | |
Net cash provided by operating activities | 2 | | | | | | | | | 77.4 | 140.2 | 111.1 | |
Cash flows from investing activities: | | | | | | | | | | | | | |
Capital expenditures – acquisitions of real estate | | | | | | | | | | (48) | (17.3) | | |
Capital expenditures – other development | (7.7) | | | | | | | | | (172.9) | (217.2) | (284.2) | |
Business acquisition, net of cash acquired | | | | | | | | | | | (398.4) | | |
Investment in and loans to subsidiaries | | | | | | | | | | 0 | 0 | | |
Changes in restricted cash | 1.9 | | | | | | | | | 4.4 | 7.3 | 0 | |
Intercompany advances, net | 0 | | | | | | | | | | | | |
Return of investment | | | | | | | | | | 0 | 0 | 0 | |
Intercompany contributions/distributions | | | | | | | | | | | 0 | | |
Other | | | | | | | | | | (0.2) | | 0 | |
Net cash used in investing activities | (5.8) | | | | | | | | | (216.7) | (625.6) | (284.2) | |
Cash flows from financing activities: | | | | | | | | | | | | | |
Issuance of common stock | | | | | | | | | | 360.5 | 799.5 | 356 | |
IPO costs | | | | | | | | | | (26.6) | | (1.3) | |
Stock issuance costs | | | | | | | | | | | (0.8) | | |
Acquisition of operating partnership units | | | | | | | | | | | (596.4) | (355.9) | |
Dividends paid | | | | | | | | | | (31) | (80.8) | (50.9) | |
Intercompany borrowings | | | | | | | | | | | 0 | 0 | |
Intercompany payments | | | | | | | | | | | | 0 | |
Borrowings from credit facility | | | | | | | | | | | 260 | 315 | |
Payments on credit facility | | | | | | | | | | | (10) | (30) | |
Payments on senior notes | | | | | | | | | | | 0 | | |
Proceeds from issuance of debt | | | | | | | | | | | 103.8 | | |
Payments on capital lease obligations | (0.6) | | | | | | | | | (5.3) | (5.9) | (150.2) | |
Payments on lease financing arrangements | | | | | | | | | | (0.7) | | (3) | |
Payment to buyout capital leases | | | | | | | | | | (9.6) | | (0.9) | |
Payment to buyout lease financing arrangements | | | | | | | | | | (10.2) | | (12.8) | |
Payment of debt extinguishment costs | | | | | | | | | | | (0.8) | | |
Contributions from/(distributions to) parent, net | 0.2 | | | | | | | | | 0 | 0 | 0 | |
Debt issuance costs | | | | | | | | | | (1.3) | (5.4) | (5.2) | |
Net cash provided by (used in) by financing activities | (0.4) | | | | | | | | | 275.8 | 463.2 | 60.8 | |
Net (decrease) increase in cash and cash equivalents | (4.2) | | | | | | | | | 136.5 | (22.2) | (112.3) | |
Cash and cash equivalents at beginning of period | 16.5 | | | | 36.5 | | | | 148.8 | 12.3 | 36.5 | 148.8 | 16.5 |
Cash and cash equivalents at end of period | 12.3 | 14.3 | | | | 36.5 | | | | 148.8 | 14.3 | 36.5 | 148.8 |
General Partner | | | | | | | | | | | | | |
Condensed Consolidating Statements of Cash Flows | | | | | | | | | | | | | |
Net loss | 0 | | | | | | | | | (0.2) | (0.2) | (0.2) | |
Equity loss related to investment in subsidiaries | 0 | | | | | | | | | 0.2 | 0.2 | 0.2 | |
Adjustments to reconcile net loss to net cash provided by operating activities: | | | | | | | | | | | | | |
Depreciation and amortization | 0 | | | | | | | | | 0 | 0 | 0 | |
Stock-based compensation expense | | | | | | | | | | 0 | 0 | 0 | |
Non-cash interest expense | | | | | | | | | | 0 | 0 | 0 | |
Provision for bad debt write off | | | | | | | | | | 0 | 0 | 0 | |
Loss on extinguishment of debt | | | | | | | | | | 0 | 0 | 0 | |
Asset impairments and loss on disposal | | | | | | | | | | 0 | 0 | | |
Deferred income tax expense, including valuation allowance change | | | | | | | | | | 0 | | | |
Other, net | 0 | | | | | | | | | 0 | | | |
Changes in operating assets and liabilities: | | | | | | | | | | | | | |
Rent receivables and other assets | 0 | | | | | | | | | 0 | 0 | 0 | |
Accounts payable and accrued expenses | 0 | | | | | | | | | 0 | 0 | 0 | |
Deferred revenues | | | | | | | | | | 0 | 0 | 0 | |
Due to affiliates | 0 | | | | | | | | | 0 | 0 | 0 | |
Other changes in assets and liabilities | 0 | | | | | | | | | | | | |
Net cash provided by operating activities | 0 | | | | | | | | | 0 | 0 | 0 | |
Cash flows from investing activities: | | | | | | | | | | | | | |
Capital expenditures – acquisitions of real estate | | | | | | | | | | 0 | 0 | | |
Capital expenditures – other development | 0 | | | | | | | | | 0 | 0 | 0 | |
Business acquisition, net of cash acquired | | | | | | | | | | | 0 | | |
Investment in and loans to subsidiaries | | | | | | | | | | 0 | (2) | | |
Changes in restricted cash | 0 | | | | | | | | | 0 | 0 | 0 | |
Intercompany advances, net | 0 | | | | | | | | | | | | |
Return of investment | | | | | | | | | | 0 | 0 | 0 | |
Intercompany contributions/distributions | | | | | | | | | | | 0 | | |
Other | | | | | | | | | | 0 | | 0 | |
Net cash used in investing activities | 0 | | | | | | | | | 0 | (2) | 0 | |
Cash flows from financing activities: | | | | | | | | | | | | | |
Issuance of common stock | | | | | | | | | | 0 | 0 | 0 | |
IPO costs | | | | | | | | | | 0 | | 0 | |
Stock issuance costs | | | | | | | | | | | 0 | | |
Acquisition of operating partnership units | | | | | | | | | | | 0 | 0 | |
Dividends paid | | | | | | | | | | 0 | 0 | 0 | |
Intercompany borrowings | | | | | | | | | | | 0 | 0 | |
Intercompany payments | | | | | | | | | | | | 0 | |
Borrowings from credit facility | | | | | | | | | | | 0 | 0 | |
Payments on credit facility | | | | | | | | | | | 0 | 0 | |
Payments on senior notes | | | | | | | | | | | 0 | | |
Proceeds from issuance of debt | | | | | | | | | | | 0 | | |
Payments on capital lease obligations | 0 | | | | | | | | | 0 | 0 | 0 | |
Payments on lease financing arrangements | | | | | | | | | | 0 | | 0 | |
Payment to buyout capital leases | | | | | | | | | | 0 | | 0 | |
Payment to buyout lease financing arrangements | | | | | | | | | | 0 | | 0 | |
Payment of debt extinguishment costs | | | | | | | | | | | 0 | | |
Contributions from/(distributions to) parent, net | 0 | | | | | | | | | 0 | 2 | 0 | |
Debt issuance costs | | | | | | | | | | 0 | 0 | 0 | |
Net cash provided by (used in) by financing activities | 0 | | | | | | | | | 0 | 2 | 0 | |
Net (decrease) increase in cash and cash equivalents | 0 | | | | | | | | | 0 | 0 | 0 | |
Cash and cash equivalents at beginning of period | 0 | | | | 0 | | | | 0 | 0 | 0 | 0 | 0 |
Cash and cash equivalents at end of period | 0 | 0 | | | | 0 | | | | 0 | 0 | 0 | 0 |
Parent Guarantor | | | | | | | | | | | | | |
Condensed Consolidating Statements of Cash Flows | | | | | | | | | | | | | |
Net loss | 0 | | | | | | | | | (5.3) | (17.1) | (10) | |
Equity loss related to investment in subsidiaries | 0 | | | | | | | | | 5.3 | 17.1 | 10 | |
Adjustments to reconcile net loss to net cash provided by operating activities: | | | | | | | | | | | | | |
Depreciation and amortization | 0 | | | | | | | | | 0 | 0 | 0 | |
Stock-based compensation expense | | | | | | | | | | 0 | 0 | 0 | |
Non-cash interest expense | | | | | | | | | | 0 | 0 | 0 | |
Provision for bad debt write off | | | | | | | | | | 0 | 0 | 0 | |
Loss on extinguishment of debt | | | | | | | | | | 0 | 0 | 0 | |
Asset impairments and loss on disposal | | | | | | | | | | 0 | 0 | | |
Deferred income tax expense, including valuation allowance change | | | | | | | | | | 0 | | | |
Other, net | 0 | | | | | | | | | (7.1) | | | |
Changes in operating assets and liabilities: | | | | | | | | | | | | | |
Rent receivables and other assets | 0 | | | | | | | | | 9.4 | 0 | 0 | |
Accounts payable and accrued expenses | 0 | | | | | | | | | (2.3) | 0 | 0 | |
Deferred revenues | | | | | | | | | | 0 | 0 | 0 | |
Due to affiliates | 0 | | | | | | | | | 0 | 0 | 0 | |
Other changes in assets and liabilities | 0 | | | | | | | | | | | | |
Net cash provided by operating activities | 0 | | | | | | | | | 0 | 0 | 0 | |
Cash flows from investing activities: | | | | | | | | | | | | | |
Capital expenditures – acquisitions of real estate | | | | | | | | | | 0 | 0 | | |
Capital expenditures – other development | 0 | | | | | | | | | 0 | 0 | 0 | |
Business acquisition, net of cash acquired | | | | | | | | | | | 0 | | |
Investment in and loans to subsidiaries | | | | | | | | | | (337.1) | (203.1) | | |
Changes in restricted cash | 0 | | | | | | | | | 0 | 0 | 25.2 | |
Intercompany advances, net | 0 | | | | | | | | | | | | |
Return of investment | | | | | | | | | | 10.6 | 62.6 | 0 | |
Intercompany contributions/distributions | | | | | | | | | | | 0 | | |
Other | | | | | | | | | | 0 | | 0 | |
Net cash used in investing activities | 0 | | | | | | | | | (326.5) | (140.5) | 25.2 | |
Cash flows from financing activities: | | | | | | | | | | | | | |
Issuance of common stock | | | | | | | | | | 360.5 | 799.5 | 356 | |
IPO costs | | | | | | | | | | (23.4) | | (1.3) | |
Stock issuance costs | | | | | | | | | | | (0.8) | | |
Acquisition of operating partnership units | | | | | | | | | | | (596.4) | (355.9) | |
Dividends paid | | | | | | | | | | (10.6) | (61) | (24) | |
Intercompany borrowings | | | | | | | | | | | 0 | 0 | |
Intercompany payments | | | | | | | | | | | | 0 | |
Borrowings from credit facility | | | | | | | | | | | 0 | 0 | |
Payments on credit facility | | | | | | | | | | | 0 | 0 | |
Payments on senior notes | | | | | | | | | | | 0 | | |
Proceeds from issuance of debt | | | | | | | | | | | 0 | | |
Payments on capital lease obligations | 0 | | | | | | | | | 0 | 0 | 0 | |
Payments on lease financing arrangements | | | | | | | | | | 0 | | 0 | |
Payment to buyout capital leases | | | | | | | | | | 0 | | 0 | |
Payment to buyout lease financing arrangements | | | | | | | | | | 0 | | 0 | |
Payment of debt extinguishment costs | | | | | | | | | | | (0.8) | | |
Contributions from/(distributions to) parent, net | 0 | | | | | | | | | 0 | 0 | 0 | |
Debt issuance costs | | | | | | | | | | 0 | 0 | 0 | |
Net cash provided by (used in) by financing activities | 0 | | | | | | | | | 326.5 | 140.5 | (25.2) | |
Net (decrease) increase in cash and cash equivalents | 0 | | | | | | | | | 0 | 0 | 0 | |
Cash and cash equivalents at beginning of period | 0 | | | | 0 | | | | 0 | 0 | 0 | 0 | 0 |
Cash and cash equivalents at end of period | 0 | 0 | | | | 0 | | | | 0 | 0 | 0 | 0 |
LP Co-issuer | | | | | | | | | | | | | |
Condensed Consolidating Statements of Cash Flows | | | | | | | | | | | | | |
Net loss | (20.2) | | | | | | | | | (15.6) | (21.9) | (16.7) | |
Equity loss related to investment in subsidiaries | 17.9 | | | | | | | | | (20.9) | (17.8) | (35.1) | |
Adjustments to reconcile net loss to net cash provided by operating activities: | | | | | | | | | | | | | |
Depreciation and amortization | 0 | | | | | | | | | 0 | 0 | 0 | |
Stock-based compensation expense | | | | | | | | | | 0 | 0 | 0 | |
Non-cash interest expense | | | | | | | | | | 4 | 3.4 | 3.4 | |
Provision for bad debt write off | | | | | | | | | | 0 | 0 | 0 | |
Loss on extinguishment of debt | | | | | | | | | | 0 | 0 | 13.6 | |
Asset impairments and loss on disposal | | | | | | | | | | 0 | 0 | | |
Deferred income tax expense, including valuation allowance change | | | | | | | | | | 0 | | | |
Other, net | 0.2 | | | | | | | | | (13.4) | | | |
Changes in operating assets and liabilities: | | | | | | | | | | | | | |
Rent receivables and other assets | 0 | | | | | | | | | 0 | 0 | 0.4 | |
Accounts payable and accrued expenses | 2.1 | | | | | | | | | 4.8 | 16.7 | 4.7 | |
Deferred revenues | | | | | | | | | | 0 | 0 | 0 | |
Due to affiliates | 0 | | | | | | | | | 6.8 | 0 | 0 | |
Other changes in assets and liabilities | 0 | | | | | | | | | | | | |
Net cash provided by operating activities | 0 | | | | | | | | | (34.3) | (19.6) | (29.7) | |
Cash flows from investing activities: | | | | | | | | | | | | | |
Capital expenditures – acquisitions of real estate | | | | | | | | | | 0 | 0 | | |
Capital expenditures – other development | 0 | | | | | | | | | 0 | 0 | 0 | |
Business acquisition, net of cash acquired | | | | | | | | | | | 0 | | |
Investment in and loans to subsidiaries | | | | | | | | | | (337.1) | (203.1) | | |
Changes in restricted cash | 0 | | | | | | | | | 0 | 0 | 97.3 | |
Intercompany advances, net | 0.1 | | | | | | | | | | | | |
Return of investment | | | | | | | | | | 66.5 | 102 | 180.2 | |
Intercompany contributions/distributions | | | | | | | | | | | (348.4) | | |
Other | | | | | | | | | | 0 | | (315) | |
Net cash used in investing activities | 0.1 | | | | | | | | | (270.6) | (449.5) | (37.5) | |
Cash flows from financing activities: | | | | | | | | | | | | | |
Issuance of common stock | | | | | | | | | | 337.1 | 0 | 0 | |
IPO costs | | | | | | | | | | 0 | | 0 | |
Stock issuance costs | | | | | | | | | | | 0 | | |
Acquisition of operating partnership units | | | | | | | | | | | 0 | 0 | |
Dividends paid | | | | | | | | | | (31) | (80.8) | (50.9) | |
Intercompany borrowings | | | | | | | | | | | 0 | 0 | |
Intercompany payments | | | | | | | | | | | | 0 | |
Borrowings from credit facility | | | | | | | | | | | 260 | 315 | |
Payments on credit facility | | | | | | | | | | | (10) | (30) | |
Payments on senior notes | | | | | | | | | | | 0 | | |
Proceeds from issuance of debt | | | | | | | | | | | 103.8 | | |
Payments on capital lease obligations | 0 | | | | | | | | | 0 | 0 | (150.2) | |
Payments on lease financing arrangements | | | | | | | | | | 0 | | 0 | |
Payment to buyout capital leases | | | | | | | | | | 0 | | 0 | |
Payment to buyout lease financing arrangements | | | | | | | | | | 0 | | (12.8) | |
Payment of debt extinguishment costs | | | | | | | | | | | 0 | | |
Contributions from/(distributions to) parent, net | 0 | | | | | | | | | 0 | 201.5 | 1.3 | |
Debt issuance costs | | | | | | | | | | (1.3) | (5.4) | (5.2) | |
Net cash provided by (used in) by financing activities | 0 | | | | | | | | | 304.8 | 469.1 | 67.2 | |
Net (decrease) increase in cash and cash equivalents | 0.1 | | | | | | | | | (0.1) | 0 | 0 | |
Cash and cash equivalents at beginning of period | 0 | | | | 0 | | | | 0 | 0.1 | 0 | 0 | 0 |
Cash and cash equivalents at end of period | 0.1 | 0 | | | | 0 | | | | 0 | 0 | 0 | 0 |
Finance Co-issuer | | | | | | | | | | | | | |
Condensed Consolidating Statements of Cash Flows | | | | | | | | | | | | | |
Net loss | 0 | | | | | | | | | 0 | 0 | 0 | |
Equity loss related to investment in subsidiaries | 0 | | | | | | | | | 0 | 0 | 0 | |
Adjustments to reconcile net loss to net cash provided by operating activities: | | | | | | | | | | | | | |
Depreciation and amortization | 0 | | | | | | | | | 0 | 0 | 0 | |
Stock-based compensation expense | | | | | | | | | | 0 | 0 | 0 | |
Non-cash interest expense | | | | | | | | | | 0 | 0 | 0 | |
Provision for bad debt write off | | | | | | | | | | 0 | 0 | 0 | |
Loss on extinguishment of debt | | | | | | | | | | 0 | 0 | 0 | |
Asset impairments and loss on disposal | | | | | | | | | | 0 | 0 | | |
Deferred income tax expense, including valuation allowance change | | | | | | | | | | 0 | | | |
Other, net | 0 | | | | | | | | | 0 | | | |
Changes in operating assets and liabilities: | | | | | | | | | | | | | |
Rent receivables and other assets | 0 | | | | | | | | | 0 | 0 | 0 | |
Accounts payable and accrued expenses | 0 | | | | | | | | | 0 | 0 | 0 | |
Deferred revenues | | | | | | | | | | 0 | 0 | 0 | |
Due to affiliates | 0 | | | | | | | | | 0 | 0 | 0 | |
Other changes in assets and liabilities | 0 | | | | | | | | | | | | |
Net cash provided by operating activities | 0 | | | | | | | | | 0 | 0 | 0 | |
Cash flows from investing activities: | | | | | | | | | | | | | |
Capital expenditures – acquisitions of real estate | | | | | | | | | | 0 | 0 | | |
Capital expenditures – other development | 0 | | | | | | | | | 0 | 0 | 0 | |
Business acquisition, net of cash acquired | | | | | | | | | | | 0 | | |
Investment in and loans to subsidiaries | | | | | | | | | | 0 | 0 | | |
Changes in restricted cash | 0 | | | | | | | | | 0 | 0 | 0 | |
Intercompany advances, net | 0 | | | | | | | | | | | | |
Return of investment | | | | | | | | | | 0 | 0 | 0 | |
Intercompany contributions/distributions | | | | | | | | | | | 0 | | |
Other | | | | | | | | | | 0 | | 0 | |
Net cash used in investing activities | 0 | | | | | | | | | 0 | 0 | 0 | |
Cash flows from financing activities: | | | | | | | | | | | | | |
Issuance of common stock | | | | | | | | | | 0 | 0 | 0 | |
IPO costs | | | | | | | | | | 0 | | 0 | |
Stock issuance costs | | | | | | | | | | | 0 | | |
Acquisition of operating partnership units | | | | | | | | | | | 0 | 0 | |
Dividends paid | | | | | | | | | | 0 | 0 | 0 | |
Intercompany borrowings | | | | | | | | | | | 0 | 0 | |
Intercompany payments | | | | | | | | | | | | 0 | |
Borrowings from credit facility | | | | | | | | | | | 0 | 0 | |
Payments on credit facility | | | | | | | | | | | 0 | 0 | |
Payments on senior notes | | | | | | | | | | | 0 | | |
Proceeds from issuance of debt | | | | | | | | | | | 0 | | |
Payments on capital lease obligations | 0 | | | | | | | | | 0 | 0 | 0 | |
Payments on lease financing arrangements | | | | | | | | | | 0 | | 0 | |
Payment to buyout capital leases | | | | | | | | | | 0 | | 0 | |
Payment to buyout lease financing arrangements | | | | | | | | | | 0 | | 0 | |
Payment of debt extinguishment costs | | | | | | | | | | | 0 | | |
Contributions from/(distributions to) parent, net | 0 | | | | | | | | | 0 | 0 | 0 | |
Debt issuance costs | | | | | | | | | | 0 | 0 | 0 | |
Net cash provided by (used in) by financing activities | 0 | | | | | | | | | 0 | 0 | 0 | |
Net (decrease) increase in cash and cash equivalents | 0 | | | | | | | | | 0 | 0 | 0 | |
Cash and cash equivalents at beginning of period | 0 | | | | 0 | | | | 0 | 0 | 0 | 0 | 0 |
Cash and cash equivalents at end of period | 0 | 0 | | | | 0 | | | | 0 | 0 | 0 | 0 |
Guarantor Subsidiaries | | | | | | | | | | | | | |
Condensed Consolidating Statements of Cash Flows | | | | | | | | | | | | | |
Net loss | (17.9) | | | | | | | | | 20.9 | 17.8 | 35.1 | |
Equity loss related to investment in subsidiaries | 0.1 | | | | | | | | | 4.5 | 3.3 | 3.9 | |
Adjustments to reconcile net loss to net cash provided by operating activities: | | | | | | | | | | | | | |
Depreciation and amortization | 5.2 | | | | | | | | | 87.1 | 138.7 | 115 | |
Stock-based compensation expense | | | | | | | | | | 6 | 14.4 | 10.3 | |
Non-cash interest expense | | | | | | | | | | 0 | 0 | 0 | |
Provision for bad debt write off | | | | | | | | | | 0.4 | 0 | 0.8 | |
Loss on extinguishment of debt | | | | | | | | | | 1.3 | 0 | 0 | |
Asset impairments and loss on disposal | | | | | | | | | | 2.8 | 13.5 | | |
Deferred income tax expense, including valuation allowance change | | | | | | | | | | 0.6 | | | |
Other, net | 5.6 | | | | | | | | | (16.2) | | | |
Changes in operating assets and liabilities: | | | | | | | | | | | | | |
Rent receivables and other assets | (9.6) | | | | | | | | | (9.9) | (26.1) | (35.3) | |
Accounts payable and accrued expenses | 18.4 | | | | | | | | | 0.2 | (9.8) | 2.1 | |
Deferred revenues | | | | | | | | | | (0.3) | 5.3 | 10 | |
Due to affiliates | 1.5 | | | | | | | | | 18.4 | (0.9) | (0.2) | |
Other changes in assets and liabilities | 3.8 | | | | | | | | | | | | |
Net cash provided by operating activities | 1.9 | | | | | | | | | 115.8 | 156.2 | 141.7 | |
Cash flows from investing activities: | | | | | | | | | | | | | |
Capital expenditures – acquisitions of real estate | | | | | | | | | | (48) | (17.3) | | |
Capital expenditures – other development | (7.7) | | | | | | | | | (172.9) | (216.7) | (283.9) | |
Business acquisition, net of cash acquired | | | | | | | | | | | (398.4) | | |
Investment in and loans to subsidiaries | | | | | | | | | | 0 | (0.4) | | |
Changes in restricted cash | 1.9 | | | | | | | | | 4.4 | 7.3 | (45.4) | |
Intercompany advances, net | (0.1) | | | | | | | | | | | | |
Return of investment | | | | | | | | | | 0 | (17.9) | 0 | |
Intercompany contributions/distributions | | | | | | | | | | | 0 | | |
Other | | | | | | | | | | (0.2) | | 0 | |
Net cash used in investing activities | (5.9) | | | | | | | | | (216.7) | (643.4) | (329.3) | |
Cash flows from financing activities: | | | | | | | | | | | | | |
Issuance of common stock | | | | | | | | | | 0 | 0 | 0 | |
IPO costs | | | | | | | | | | (3.2) | | 0 | |
Stock issuance costs | | | | | | | | | | | 0 | | |
Acquisition of operating partnership units | | | | | | | | | | | 0 | 0 | |
Dividends paid | | | | | | | | | | (31) | (80.8) | (50.9) | |
Intercompany borrowings | | | | | | | | | | | 348.4 | 315 | |
Intercompany payments | | | | | | | | | | | | (180.2) | |
Borrowings from credit facility | | | | | | | | | | | 0 | 0 | |
Payments on credit facility | | | | | | | | | | | 0 | 0 | |
Payments on senior notes | | | | | | | | | | | 0 | | |
Proceeds from issuance of debt | | | | | | | | | | | 0 | | |
Payments on capital lease obligations | (0.6) | | | | | | | | | (4.4) | (5) | 0 | |
Payments on lease financing arrangements | | | | | | | | | | (0.5) | | (2.4) | |
Payment to buyout capital leases | | | | | | | | | | (9.6) | | (0.7) | |
Payment to buyout lease financing arrangements | | | | | | | | | | (10.2) | | 0 | |
Payment of debt extinguishment costs | | | | | | | | | | | 0 | | |
Contributions from/(distributions to) parent, net | 0.2 | | | | | | | | | 295.4 | 201.5 | (6.5) | |
Debt issuance costs | | | | | | | | | | 0 | 0 | 0 | |
Net cash provided by (used in) by financing activities | (0.4) | | | | | | | | | 236.5 | 464.1 | 74.3 | |
Net (decrease) increase in cash and cash equivalents | (4.4) | | | | | | | | | 135.6 | (23.1) | (113.3) | |
Cash and cash equivalents at beginning of period | 15.6 | | | | 33.5 | | | | 146.8 | 11.2 | 33.5 | 146.8 | 15.6 |
Cash and cash equivalents at end of period | 11.2 | 10.4 | | | | 33.5 | | | | 146.8 | 10.4 | 33.5 | 146.8 |
Non- Guarantors | | | | | | | | | | | | | |
Condensed Consolidating Statements of Cash Flows | | | | | | | | | | | | | |
Net loss | (0.1) | | | | | | | | | (4.5) | (3.3) | (3.9) | |
Equity loss related to investment in subsidiaries | 0 | | | | | | | | | 0 | 0 | 0 | |
Adjustments to reconcile net loss to net cash provided by operating activities: | | | | | | | | | | | | | |
Depreciation and amortization | 0.1 | | | | | | | | | 2.8 | 2.8 | 3 | |
Stock-based compensation expense | | | | | | | | | | 0 | 0 | 0 | |
Non-cash interest expense | | | | | | | | | | 0 | 0 | 0 | |
Provision for bad debt write off | | | | | | | | | | 0 | 0 | 0 | |
Loss on extinguishment of debt | | | | | | | | | | 0 | 0 | 0 | |
Asset impairments and loss on disposal | | | | | | | | | | 0 | 0 | | |
Deferred income tax expense, including valuation allowance change | | | | | | | | | | 0 | | | |
Other, net | 0.1 | | | | | | | | | 0 | | | |
Changes in operating assets and liabilities: | | | | | | | | | | | | | |
Rent receivables and other assets | 0 | | | | | | | | | (3) | 2.2 | (2.1) | |
Accounts payable and accrued expenses | 0 | | | | | | | | | 0.3 | 0.1 | 0.1 | |
Deferred revenues | | | | | | | | | | 0.2 | 0.1 | (0.2) | |
Due to affiliates | 0 | | | | | | | | | 0 | 0 | 0 | |
Other changes in assets and liabilities | 0.1 | | | | | | | | | | | | |
Net cash provided by operating activities | 0.1 | | | | | | | | | (4.2) | 1.9 | (3.1) | |
Cash flows from investing activities: | | | | | | | | | | | | | |
Capital expenditures – acquisitions of real estate | | | | | | | | | | 0 | 0 | | |
Capital expenditures – other development | 0 | | | | | | | | | 0 | (0.5) | (0.3) | |
Business acquisition, net of cash acquired | | | | | | | | | | | 0 | | |
Investment in and loans to subsidiaries | | | | | | | | | | 0 | 0 | | |
Changes in restricted cash | 0 | | | | | | | | | 0 | 0 | 0 | |
Intercompany advances, net | 0 | | | | | | | | | | | | |
Return of investment | | | | | | | | | | 0 | 0 | 0 | |
Intercompany contributions/distributions | | | | | | | | | | | 0 | | |
Other | | | | | | | | | | 0 | | 0 | |
Net cash used in investing activities | 0 | | | | | | | | | 0 | (0.5) | (0.3) | |
Cash flows from financing activities: | | | | | | | | | | | | | |
Issuance of common stock | | | | | | | | | | 0 | 0 | 0 | |
IPO costs | | | | | | | | | | 0 | | 0 | |
Stock issuance costs | | | | | | | | | | | 0 | | |
Acquisition of operating partnership units | | | | | | | | | | | 0 | 0 | |
Dividends paid | | | | | | | | | | 0 | 0 | 0 | |
Intercompany borrowings | | | | | | | | | | | 0 | 0 | |
Intercompany payments | | | | | | | | | | | | 0 | |
Borrowings from credit facility | | | | | | | | | | | 0 | 0 | |
Payments on credit facility | | | | | | | | | | | 0 | 0 | |
Payments on senior notes | | | | | | | | | | | 0 | | |
Proceeds from issuance of debt | | | | | | | | | | | 0 | | |
Payments on capital lease obligations | 0 | | | | | | | | | (0.9) | (0.9) | 0 | |
Payments on lease financing arrangements | | | | | | | | | | (0.2) | | (0.6) | |
Payment to buyout capital leases | | | | | | | | | | 0 | | (0.2) | |
Payment to buyout lease financing arrangements | | | | | | | | | | 0 | | 0 | |
Payment of debt extinguishment costs | | | | | | | | | | | 0 | | |
Contributions from/(distributions to) parent, net | 0 | | | | | | | | | 6.3 | 0.4 | 5.2 | |
Debt issuance costs | | | | | | | | | | 0 | 0 | 0 | |
Net cash provided by (used in) by financing activities | 0 | | | | | | | | | 5.2 | (0.5) | 4.4 | |
Net (decrease) increase in cash and cash equivalents | 0.1 | | | | | | | | | 1 | 0.9 | 1 | |
Cash and cash equivalents at beginning of period | 0.9 | | | | 3 | | | | 2 | 1 | 3 | 2 | 0.9 |
Cash and cash equivalents at end of period | 1 | 3.9 | | | | 3 | | | | 2 | 3.9 | 3 | 2 |
Eliminations/Consolidations | | | | | | | | | | | | | |
Condensed Consolidating Statements of Cash Flows | | | | | | | | | | | | | |
Net loss | 18 | | | | | | | | | (10.9) | 4.5 | (18.8) | |
Equity loss related to investment in subsidiaries | (18) | | | | | | | | | 10.9 | (2.8) | 21 | |
Adjustments to reconcile net loss to net cash provided by operating activities: | | | | | | | | | | | | | |
Depreciation and amortization | 0 | | | | | | | | | 0 | 0 | 0 | |
Stock-based compensation expense | | | | | | | | | | 0 | 0 | 0 | |
Non-cash interest expense | | | | | | | | | | 0 | 0 | 0 | |
Provision for bad debt write off | | | | | | | | | | 0 | 0 | 0 | |
Loss on extinguishment of debt | | | | | | | | | | 0 | 0 | 0 | |
Asset impairments and loss on disposal | | | | | | | | | | 0 | 0 | | |
Deferred income tax expense, including valuation allowance change | | | | | | | | | | 0 | | | |
Other, net | 0 | | | | | | | | | 36.7 | | | |
Changes in operating assets and liabilities: | | | | | | | | | | | | | |
Rent receivables and other assets | 0 | | | | | | | | | (12.2) | 0 | 0 | |
Accounts payable and accrued expenses | 0 | | | | | | | | | (17.6) | 0 | 0 | |
Deferred revenues | | | | | | | | | | 0 | 0 | 0 | |
Due to affiliates | 0 | | | | | | | | | (6.8) | 0 | 0 | |
Other changes in assets and liabilities | 0 | | | | | | | | | | | | |
Net cash provided by operating activities | 0 | | | | | | | | | 0.1 | 1.7 | 2.2 | |
Cash flows from investing activities: | | | | | | | | | | | | | |
Capital expenditures – acquisitions of real estate | | | | | | | | | | 0 | 0 | | |
Capital expenditures – other development | 0 | | | | | | | | | 0 | 0 | 0 | |
Business acquisition, net of cash acquired | | | | | | | | | | | 0 | | |
Investment in and loans to subsidiaries | | | | | | | | | | 674.2 | 408.6 | | |
Changes in restricted cash | 0 | | | | | | | | | 0 | 0 | (77.1) | |
Intercompany advances, net | 0 | | | | | | | | | | | | |
Return of investment | | | | | | | | | | (77.1) | (146.7) | (180.2) | |
Intercompany contributions/distributions | | | | | | | | | | | 348.4 | | |
Other | | | | | | | | | | 0 | | 315 | |
Net cash used in investing activities | 0 | | | | | | | | | 597.1 | 610.3 | 57.7 | |
Cash flows from financing activities: | | | | | | | | | | | | | |
Issuance of common stock | | | | | | | | | | (337.1) | 0 | 0 | |
IPO costs | | | | | | | | | | 0 | | 0 | |
Stock issuance costs | | | | | | | | | | | 0 | | |
Acquisition of operating partnership units | | | | | | | | | | | 0 | 0 | |
Dividends paid | | | | | | | | | | 41.6 | 141.8 | 74.9 | |
Intercompany borrowings | | | | | | | | | | | (348.4) | (315) | |
Intercompany payments | | | | | | | | | | | | 180.2 | |
Borrowings from credit facility | | | | | | | | | | | 0 | 0 | |
Payments on credit facility | | | | | | | | | | | 0 | 0 | |
Payments on senior notes | | | | | | | | | | | 0 | | |
Proceeds from issuance of debt | | | | | | | | | | | 0 | | |
Payments on capital lease obligations | 0 | | | | | | | | | 0 | 0 | 0 | |
Payments on lease financing arrangements | | | | | | | | | | 0 | | 0 | |
Payment to buyout capital leases | | | | | | | | | | 0 | | 0 | |
Payment to buyout lease financing arrangements | | | | | | | | | | 0 | | 0 | |
Payment of debt extinguishment costs | | | | | | | | | | | 0 | | |
Contributions from/(distributions to) parent, net | 0 | | | | | | | | | (301.7) | (405.4) | 0 | |
Debt issuance costs | | | | | | | | | | 0 | 0 | 0 | |
Net cash provided by (used in) by financing activities | 0 | | | | | | | | | (597.2) | (612) | (59.9) | |
Net (decrease) increase in cash and cash equivalents | 0 | | | | | | | | | 0 | 0 | 0 | |
Cash and cash equivalents at beginning of period | 0 | | | | $ 0 | | | | $ 0 | 0 | 0 | 0 | 0 |
Cash and cash equivalents at end of period | $ 0 | $ 0 | | | | $ 0 | | | | $ 0 | $ 0 | $ 0 | $ 0 |