Supplemental Guarantor Information (Details) (USD $) | 3 Months Ended | | | |
In Millions, unless otherwise specified | Jun. 30, 2015 | Mar. 31, 2015 | Mar. 31, 2014 | Dec. 31, 2014 | Mar. 31, 2013 | Dec. 31, 2012 |
Condensed Consolidating Statements of Operations and Comprehensive Income (Loss) | | | | | | |
Revenue | | $292.90 | $282.20 | | | |
Operating costs and expenses | | 255.8 | 231.8 | | | |
Operating income (loss) | | 37.1 | 50.4 | | | |
Interest expense (income), net | | 32.7 | 38.8 | | | |
Other expense (income), net | | 0.4 | -0.3 | | | |
Income (loss) before equity in earnings of subsidiaries and income taxes | | 0.9 | 12.4 | | | |
Income tax expense (benefit) | | 0.6 | 6.5 | | | |
Income (loss) from continuing operations | | 0.3 | 5.9 | | | |
Income (loss) from discontinued operations | | 48.9 | 1.1 | | | |
Net income (loss) | | 49.2 | 7 | | | |
Total comprehensive income (loss) | | 50.6 | 8.8 | | | |
Preferred stock dividends | | 2.6 | 2.6 | | | |
Net income (loss) applicable to common shareowners | | 46.6 | 4.4 | | | |
Condensed Consolidating Balance Sheets | | | | | | |
Cash and cash equivalents | | 13.4 | | | 4.2 | 4.6 |
Other current assets | | 3.5 | | 1.8 | | |
Other current assets from discontinued operations | | 0.4 | | 4.7 | | |
Total current assets | | 325.7 | | 337.6 | | |
Property, plant and equipment, net | | 845.7 | | 815.4 | | |
Investment in CyrusOne | | 261.5 | | 273.6 | | |
Other noncurrent assets | | 32.4 | | 33.9 | | |
Other noncurrent assets from discontinued operations | | 16 | | 44.6 | | |
Total assets | | 1,733 | | 1,820.70 | | |
Current portion of long-term debt | | 12.6 | | 11.6 | | |
Accounts payable | | 111.8 | | 131.6 | | |
Other current liabilities | | 25.9 | | 25.8 | | |
Other current liabilities from discontinued operations | | 26.5 | | 142 | | |
Total current liabilities | | 279.4 | | 410.8 | | |
Long-term debt, less current portion | | 1,748.80 | | 1,689.40 | | |
Other noncurrent liabilities | | 39.3 | | 26.2 | | |
Total liabilities | | 2,332.60 | | 2,469.20 | | |
Shareowners' (deficit) equity | | -599.6 | | -648.5 | | |
Total liabilities and shareowners' equity (deficit) | | 1,733 | | 1,820.70 | | |
Condensed Consolidating Statements of Cash Flows | | | | | | |
Cash flows provided by (used in) operating activities | | 6.3 | 37.8 | | | |
Capital expenditures | | -57.9 | -34.3 | | | |
Proceeds from sale of assets | | 0 | 1.9 | | | |
Dividends received from CyrusOne | | 6 | 7.1 | | | |
Other investing activities | | -0.1 | 0 | | | |
Cash flows provided by (used in) investing activities | | -52 | -25.3 | | | |
Net increase (decrease) in corporate credit and receivables facilities with initial maturities less than 90 days | | 7.5 | -4.1 | | | |
Repayment of debt | | -3.3 | -5.2 | | | |
Proceeds from exercise of options and warrants | | 0 | 0.6 | | | |
Other financing activities | | -0.6 | -1.7 | | | |
Cash flows provided by (used in) financing activities | | 1.2 | -12.9 | | | |
Increase (decrease) in cash and cash equivalents | | -44.5 | -0.4 | | | |
Cash and cash equivalents at beginning of period | 13.4 | 57.9 | | | 4.2 | 4.6 |
Cash and cash equivalents at end of period | | 13.4 | | | 4.2 | 4.6 |
Debt Instrument, Redemption Price, Percentage | 102.19% | | | | | |
Notes guaranteed by parent [Member] | | | | | | |
Condensed Consolidating Statements of Operations and Comprehensive Income (Loss) | | | | | | |
Revenue | | 292.9 | 282.2 | | | |
Operating costs and expenses | | 255.8 | 231.8 | | | |
Operating income (loss) | | 37.1 | 50.4 | | | |
Interest expense (income), net | | 32.7 | 38.8 | | | |
Other expense (income), net | | 3.5 | -0.8 | | | |
Income (loss) before equity in earnings of subsidiaries and income taxes | | 0.9 | 12.4 | | | |
Income tax expense (benefit) | | 0.6 | 6.5 | | | |
Equity in earnings of subsidiaries, net of tax | | 0 | 0 | | | |
Income (loss) from continuing operations | | 0.3 | 5.9 | | | |
Income (loss) from discontinued operations | | 48.9 | 1.1 | | | |
Net income (loss) | | 49.2 | 7 | | | |
Other comprehensive income (loss) | | 1.4 | 1.8 | | | |
Total comprehensive income (loss) | | 50.6 | 8.8 | | | |
Preferred stock dividends | | 2.6 | 2.6 | | | |
Net income (loss) applicable to common shareowners | | 46.6 | 4.4 | | | |
Condensed Consolidating Balance Sheets | | | | | | |
Cash and cash equivalents | | 13.4 | 4.2 | | | |
Receivables, net | | 170.3 | | 168.5 | | |
Other current assets | | 141.6 | | 106.5 | | |
Other current assets from discontinued operations | | 0.4 | | 4.7 | | |
Total current assets | | 325.7 | | 337.6 | | |
Property, plant and equipment, net | | 845.7 | | 815.4 | | |
Investment in CyrusOne | | 261.5 | | 273.6 | | |
Goodwill and intangibles, net | | 14.8 | | 14.9 | | |
Investments in and advances to subsidiaries | | 0 | | 0 | | |
Other noncurrent assets | | 269.3 | | 334.6 | | |
Other noncurrent assets from discontinued operations | | 16 | | 44.6 | | |
Total assets | | 1,733 | | 1,820.70 | | |
Current portion of long-term debt | | 12.6 | | 11.6 | | |
Accounts payable | | 113.1 | | 132 | | |
Other current liabilities | | 127.2 | | 125.2 | | |
Other current liabilities from discontinued operations | | 26.5 | | 142 | | |
Total current liabilities | | 279.4 | | 410.8 | | |
Long-term debt, less current portion | | 1,748.80 | | 1,689.40 | | |
Other noncurrent liabilities | | 273.2 | | 266.3 | | |
Other noncurrent liabilities from discontinued operations | | 31.2 | | 102.7 | | |
Intercompany payables | | 0 | | 0 | | |
Total liabilities | | 2,332.60 | | 2,469.20 | | |
Shareowners' (deficit) equity | | -599.6 | | -648.5 | | |
Total liabilities and shareowners' equity (deficit) | | 1,733 | | 1,820.70 | | |
Condensed Consolidating Statements of Cash Flows | | | | | | |
Cash flows provided by (used in) operating activities | | 6.3 | 37.8 | | | |
Capital expenditures | | -57.9 | -34.3 | | | |
Proceeds from sale of assets | | | 1.9 | | | |
Dividends received from CyrusOne | | 6 | 7.1 | | | |
Distributions Received from Subsidiaries | | 0 | | | | |
Funding Between Parent and Subsidiaries, net investing | | 0 | | | | |
Other investing activities | | -0.1 | | | | |
Cash flows provided by (used in) investing activities | | -52 | -25.3 | | | |
Funding between Parent and subsidiaries, net financing | | 0 | | | | |
Funding between Parent and subsidiaries, net | | | 0 | | | |
Cash Dividends Paid to Parent Company by Consolidated Subsidiaries | | 0 | | | | |
Net increase (decrease) in corporate credit and receivables facilities with initial maturities less than 90 days | | 7.5 | -4.1 | | | |
Repayment of debt | | -3.3 | -5.2 | | | |
Proceeds from exercise of options and warrants | | | 0.6 | | | |
Other financing activities | | -3 | -4.2 | | | |
Cash flows provided by (used in) financing activities | | 1.2 | -12.9 | | | |
Increase (decrease) in cash and cash equivalents | | -44.5 | -0.4 | | | |
Cash and cash equivalents at beginning of period | | 57.9 | 4.6 | | | |
Cash and cash equivalents at end of period | | 13.4 | 4.2 | | | |
Notes guaranteed by parent [Member] | Parent Company [Member] | | | | | | |
Condensed Consolidating Statements of Operations and Comprehensive Income (Loss) | | | | | | |
Revenue | | 0 | 0 | | | |
Operating costs and expenses | | 5.3 | 6.5 | | | |
Operating income (loss) | | -5.3 | -6.5 | | | |
Interest expense (income), net | | 33.9 | 36.7 | | | |
Other expense (income), net | | -0.4 | -0.3 | | | |
Income (loss) before equity in earnings of subsidiaries and income taxes | | -38.8 | -42.9 | | | |
Income tax expense (benefit) | | -14.1 | -13.2 | | | |
Equity in earnings of subsidiaries, net of tax | | 73.9 | 36.7 | | | |
Income (loss) from continuing operations | | 49.2 | 7 | | | |
Income (loss) from discontinued operations | | 0 | 0 | | | |
Net income (loss) | | 49.2 | 7 | | | |
Other comprehensive income (loss) | | 1.7 | 1.8 | | | |
Total comprehensive income (loss) | | 50.9 | 8.8 | | | |
Preferred stock dividends | | 2.6 | 2.6 | | | |
Net income (loss) applicable to common shareowners | | 46.6 | 4.4 | | | |
Condensed Consolidating Balance Sheets | | | | | | |
Cash and cash equivalents | | 10.6 | 1.9 | | | |
Receivables, net | | 1.4 | | 2.6 | | |
Other current assets | | 45.2 | | 4.7 | | |
Other current assets from discontinued operations | | 0 | | 0 | | |
Total current assets | | 57.2 | | 63.5 | | |
Property, plant and equipment, net | | 0.3 | | 0.2 | | |
Investment in CyrusOne | | 0 | | 0 | | |
Goodwill and intangibles, net | | 0 | | 0 | | |
Investments in and advances to subsidiaries | | 1,135.30 | | 1,061.20 | | |
Other noncurrent assets | | 255.6 | | 294.2 | | |
Other noncurrent assets from discontinued operations | | 0 | | 0 | | |
Total assets | | 1,448.40 | | 1,419.10 | | |
Current portion of long-term debt | | 5.4 | | 5.4 | | |
Accounts payable | | 0.6 | | 1 | | |
Other current liabilities | | 58.2 | | 52.3 | | |
Other current liabilities from discontinued operations | | 0 | | 0 | | |
Total current liabilities | | 64.2 | | 58.7 | | |
Long-term debt, less current portion | | 1,524.90 | | 1,526.10 | | |
Other noncurrent liabilities | | 247.3 | | 254.1 | | |
Other noncurrent liabilities from discontinued operations | | 0 | | 0 | | |
Intercompany payables | | 211 | | 228.5 | | |
Total liabilities | | 2,047.40 | | 2,067.40 | | |
Shareowners' (deficit) equity | | -599 | | -648.3 | | |
Total liabilities and shareowners' equity (deficit) | | 1,448.40 | | 1,419.10 | | |
Condensed Consolidating Statements of Cash Flows | | | | | | |
Cash flows provided by (used in) operating activities | | -23.5 | -28.2 | | | |
Capital expenditures | | 0 | 0 | | | |
Proceeds from sale of assets | | | 0 | | | |
Dividends received from CyrusOne | | 0 | 0 | | | |
Distributions Received from Subsidiaries | | 2.7 | | | | |
Funding Between Parent and Subsidiaries, net investing | | 0 | | | | |
Other investing activities | | -0.1 | | | | |
Cash flows provided by (used in) investing activities | | 2.6 | 0 | | | |
Funding between Parent and subsidiaries, net financing | | -20.4 | | | | |
Funding between Parent and subsidiaries, net | | | -35.4 | | | |
Cash Dividends Paid to Parent Company by Consolidated Subsidiaries | | 0 | | | | |
Net increase (decrease) in corporate credit and receivables facilities with initial maturities less than 90 days | | 0 | -2.5 | | | |
Repayment of debt | | -1.3 | -1.3 | | | |
Proceeds from exercise of options and warrants | | | 0.6 | | | |
Other financing activities | | -3 | -4.2 | | | |
Cash flows provided by (used in) financing activities | | -24.7 | 28 | | | |
Increase (decrease) in cash and cash equivalents | | -45.6 | -0.2 | | | |
Cash and cash equivalents at beginning of period | | 56.2 | 2.1 | | | |
Cash and cash equivalents at end of period | | 10.6 | 1.9 | | | |
Notes guaranteed by parent [Member] | Non-Guarantor Subsidiaries [Member] | | | | | | |
Condensed Consolidating Statements of Operations and Comprehensive Income (Loss) | | | | | | |
Revenue | | 135 | 128.9 | | | |
Operating costs and expenses | | 131.3 | 121.6 | | | |
Operating income (loss) | | 3.7 | 7.3 | | | |
Interest expense (income), net | | -0.4 | 2.9 | | | |
Other expense (income), net | | 2 | -2.4 | | | |
Income (loss) before equity in earnings of subsidiaries and income taxes | | 2.1 | 6.8 | | | |
Income tax expense (benefit) | | 0.9 | 1.8 | | | |
Equity in earnings of subsidiaries, net of tax | | 0 | 0 | | | |
Income (loss) from continuing operations | | 1.2 | 5 | | | |
Income (loss) from discontinued operations | | 48.9 | 1.1 | | | |
Net income (loss) | | 50.1 | 6.1 | | | |
Other comprehensive income (loss) | | -0.3 | 0 | | | |
Total comprehensive income (loss) | | 49.8 | 6.1 | | | |
Preferred stock dividends | | 0 | 0 | | | |
Net income (loss) applicable to common shareowners | | 50.1 | 6.1 | | | |
Condensed Consolidating Balance Sheets | | | | | | |
Cash and cash equivalents | | 1.6 | 1.5 | | | |
Receivables, net | | 167.9 | | 164.9 | | |
Other current assets | | 66 | | 73.7 | | |
Other current assets from discontinued operations | | 0.4 | | 4.7 | | |
Total current assets | | 235.9 | | 244 | | |
Property, plant and equipment, net | | 51.9 | | 51.2 | | |
Investment in CyrusOne | | 261.5 | | 273.6 | | |
Goodwill and intangibles, net | | 12.6 | | 12.7 | | |
Investments in and advances to subsidiaries | | 55.5 | | 250 | | |
Other noncurrent assets | | 159.3 | | 190.5 | | |
Other noncurrent assets from discontinued operations | | 16 | | 44.6 | | |
Total assets | | 792.7 | | 1,066.60 | | |
Current portion of long-term debt | | 3.4 | | 2.3 | | |
Accounts payable | | 40.5 | | 57.2 | | |
Other current liabilities | | 22.7 | | 20 | | |
Other current liabilities from discontinued operations | | 26.5 | | 142 | | |
Total current liabilities | | 93.1 | | 221.5 | | |
Long-term debt, less current portion | | 82.5 | | 22.1 | | |
Other noncurrent liabilities | | 11.8 | | 1.9 | | |
Other noncurrent liabilities from discontinued operations | | 31.2 | | 102.7 | | |
Intercompany payables | | 0 | | 0 | | |
Total liabilities | | 218.6 | | 348.2 | | |
Shareowners' (deficit) equity | | 574.1 | | 718.4 | | |
Total liabilities and shareowners' equity (deficit) | | 792.7 | | 1,066.60 | | |
Condensed Consolidating Statements of Cash Flows | | | | | | |
Cash flows provided by (used in) operating activities | | -5.9 | 14.1 | | | |
Capital expenditures | | -6.1 | -11.7 | | | |
Proceeds from sale of assets | | | 1.8 | | | |
Dividends received from CyrusOne | | 6 | 7.1 | | | |
Distributions Received from Subsidiaries | | 0 | | | | |
Funding Between Parent and Subsidiaries, net investing | | 10.9 | | | | |
Other investing activities | | 0 | | | | |
Cash flows provided by (used in) investing activities | | 10.8 | -2.8 | | | |
Funding between Parent and subsidiaries, net financing | | -7.8 | | | | |
Funding between Parent and subsidiaries, net | | | 6 | | | |
Cash Dividends Paid to Parent Company by Consolidated Subsidiaries | | -2.7 | | | | |
Net increase (decrease) in corporate credit and receivables facilities with initial maturities less than 90 days | | 7.5 | -1.6 | | | |
Repayment of debt | | -1 | -2.9 | | | |
Proceeds from exercise of options and warrants | | | 0 | | | |
Other financing activities | | 0 | 0 | | | |
Cash flows provided by (used in) financing activities | | -4 | -10.5 | | | |
Increase (decrease) in cash and cash equivalents | | 0.9 | 0.8 | | | |
Cash and cash equivalents at beginning of period | | 0.7 | 0.7 | | | |
Cash and cash equivalents at end of period | | 1.6 | 1.5 | | | |
Notes guaranteed by parent [Member] | Cincinnati Bell Telephone Company [Member] | | | | | | |
Condensed Consolidating Statements of Operations and Comprehensive Income (Loss) | | | | | | |
Revenue | | 167.6 | 163.3 | | | |
Operating costs and expenses | | 128.9 | 113.7 | | | |
Operating income (loss) | | 38.7 | 49.6 | | | |
Interest expense (income), net | | -0.8 | -0.8 | | | |
Other expense (income), net | | 1.9 | 1.9 | | | |
Income (loss) before equity in earnings of subsidiaries and income taxes | | 37.6 | 48.5 | | | |
Income tax expense (benefit) | | 13.8 | 17.9 | | | |
Equity in earnings of subsidiaries, net of tax | | 0 | 0 | | | |
Income (loss) from continuing operations | | 23.8 | 30.6 | | | |
Income (loss) from discontinued operations | | 0 | 0 | | | |
Net income (loss) | | 23.8 | 30.6 | | | |
Other comprehensive income (loss) | | 0 | 0 | | | |
Total comprehensive income (loss) | | 23.8 | 30.6 | | | |
Preferred stock dividends | | 0 | 0 | | | |
Net income (loss) applicable to common shareowners | | 23.8 | 30.6 | | | |
Condensed Consolidating Balance Sheets | | | | | | |
Cash and cash equivalents | | 1.2 | 0.8 | | | |
Receivables, net | | 1 | | 1 | | |
Other current assets | | 32 | | 29.3 | | |
Other current assets from discontinued operations | | 0 | | 0 | | |
Total current assets | | 34.2 | | 31.3 | | |
Property, plant and equipment, net | | 793.5 | | 764 | | |
Investment in CyrusOne | | 0 | | 0 | | |
Goodwill and intangibles, net | | 2.2 | | 2.2 | | |
Investments in and advances to subsidiaries | | 213.6 | | 230.8 | | |
Other noncurrent assets | | 4.5 | | 4.9 | | |
Other noncurrent assets from discontinued operations | | 0 | | 0 | | |
Total assets | | 1,048 | | 1,033.20 | | |
Current portion of long-term debt | | 3.8 | | 3.9 | | |
Accounts payable | | 72 | | 73.8 | | |
Other current liabilities | | 46.3 | | 52.8 | | |
Other current liabilities from discontinued operations | | 0 | | 0 | | |
Total current liabilities | | 122.1 | | 130.5 | | |
Long-term debt, less current portion | | 141.4 | | 141.2 | | |
Other noncurrent liabilities | | 165.8 | | 166.7 | | |
Other noncurrent liabilities from discontinued operations | | 0 | | 0 | | |
Intercompany payables | | 0 | | 0 | | |
Total liabilities | | 429.3 | | 438.4 | | |
Shareowners' (deficit) equity | | 618.7 | | 594.8 | | |
Total liabilities and shareowners' equity (deficit) | | 1,048 | | 1,033.20 | | |
Condensed Consolidating Statements of Cash Flows | | | | | | |
Cash flows provided by (used in) operating activities | | 35.7 | 51.9 | | | |
Capital expenditures | | -51.8 | -22.6 | | | |
Proceeds from sale of assets | | | 0.1 | | | |
Dividends received from CyrusOne | | 0 | 0 | | | |
Distributions Received from Subsidiaries | | 0 | | | | |
Funding Between Parent and Subsidiaries, net investing | | 17.3 | | | | |
Other investing activities | | 0 | | | | |
Cash flows provided by (used in) investing activities | | -34.5 | -22.5 | | | |
Funding between Parent and subsidiaries, net financing | | 0 | | | | |
Funding between Parent and subsidiaries, net | | | 29.4 | | | |
Cash Dividends Paid to Parent Company by Consolidated Subsidiaries | | 0 | | | | |
Net increase (decrease) in corporate credit and receivables facilities with initial maturities less than 90 days | | 0 | 0 | | | |
Repayment of debt | | -1 | -1 | | | |
Proceeds from exercise of options and warrants | | | 0 | | | |
Other financing activities | | 0 | 0 | | | |
Cash flows provided by (used in) financing activities | | -1 | -30.4 | | | |
Increase (decrease) in cash and cash equivalents | | 0.2 | -1 | | | |
Cash and cash equivalents at beginning of period | | 1 | 1.8 | | | |
Cash and cash equivalents at end of period | | 1.2 | 0.8 | | | |
Notes guaranteed by parent [Member] | Consolidation, Eliminations [Member] | | | | | | |
Condensed Consolidating Statements of Operations and Comprehensive Income (Loss) | | | | | | |
Revenue | | -9.7 | -10 | | | |
Operating costs and expenses | | -9.7 | -10 | | | |
Operating income (loss) | | 0 | 0 | | | |
Interest expense (income), net | | 0 | 0 | | | |
Other expense (income), net | | 0 | 0 | | | |
Income (loss) before equity in earnings of subsidiaries and income taxes | | 0 | 0 | | | |
Income tax expense (benefit) | | 0 | 0 | | | |
Equity in earnings of subsidiaries, net of tax | | -73.9 | -36.7 | | | |
Income (loss) from continuing operations | | -73.9 | -36.7 | | | |
Income (loss) from discontinued operations | | 0 | 0 | | | |
Net income (loss) | | -73.9 | -36.7 | | | |
Other comprehensive income (loss) | | 0 | 0 | | | |
Total comprehensive income (loss) | | -73.9 | -36.7 | | | |
Preferred stock dividends | | 0 | 0 | | | |
Net income (loss) applicable to common shareowners | | -73.9 | -36.7 | | | |
Condensed Consolidating Balance Sheets | | | | | | |
Cash and cash equivalents | | 0 | 0 | | | |
Receivables, net | | 0 | | 0 | | |
Other current assets | | -1.6 | | -1.2 | | |
Other current assets from discontinued operations | | 0 | | 0 | | |
Total current assets | | -1.6 | | -1.2 | | |
Property, plant and equipment, net | | 0 | | 0 | | |
Investment in CyrusOne | | 0 | | 0 | | |
Goodwill and intangibles, net | | 0 | | 0 | | |
Investments in and advances to subsidiaries | | -1,404.40 | | -1,542 | | |
Other noncurrent assets | | -150.1 | | -155 | | |
Other noncurrent assets from discontinued operations | | 0 | | 0 | | |
Total assets | | -1,556.10 | | -1,698.20 | | |
Current portion of long-term debt | | 0 | | 0 | | |
Accounts payable | | 0 | | 0 | | |
Other current liabilities | | 0 | | 0.1 | | |
Other current liabilities from discontinued operations | | 0 | | 0 | | |
Total current liabilities | | 0 | | 0.1 | | |
Long-term debt, less current portion | | 0 | | 0 | | |
Other noncurrent liabilities | | -151.7 | | -156.4 | | |
Other noncurrent liabilities from discontinued operations | | 0 | | 0 | | |
Intercompany payables | | -211 | | -228.5 | | |
Total liabilities | | -362.7 | | -384.8 | | |
Shareowners' (deficit) equity | | -1,193.40 | | -1,313.40 | | |
Total liabilities and shareowners' equity (deficit) | | -1,556.10 | | -1,698.20 | | |
Condensed Consolidating Statements of Cash Flows | | | | | | |
Cash flows provided by (used in) operating activities | | 0 | 0 | | | |
Capital expenditures | | 0 | 0 | | | |
Proceeds from sale of assets | | | 0 | | | |
Dividends received from CyrusOne | | 0 | 0 | | | |
Distributions Received from Subsidiaries | | -2.7 | | | | |
Funding Between Parent and Subsidiaries, net investing | | -28.2 | | | | |
Other investing activities | | 0 | | | | |
Cash flows provided by (used in) investing activities | | -30.9 | 0 | | | |
Funding between Parent and subsidiaries, net financing | | 28.2 | | | | |
Funding between Parent and subsidiaries, net | | | 0 | | | |
Cash Dividends Paid to Parent Company by Consolidated Subsidiaries | | 2.7 | | | | |
Net increase (decrease) in corporate credit and receivables facilities with initial maturities less than 90 days | | 0 | 0 | | | |
Repayment of debt | | 0 | 0 | | | |
Proceeds from exercise of options and warrants | | | 0 | | | |
Other financing activities | | 0 | 0 | | | |
Cash flows provided by (used in) financing activities | | 30.9 | 0 | | | |
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 | | | |
Notes guaranteed by subsidiaries [Member] | | | | | | |
Condensed Consolidating Statements of Operations and Comprehensive Income (Loss) | | | | | | |
Revenue | | 292.9 | 282.2 | | | |
Operating costs and expenses | | 255.8 | 231.8 | | | |
Operating income (loss) | | 37.1 | 50.4 | | | |
Interest expense (income), net | | 32.7 | 38.8 | | | |
Other expense (income), net | | 3.5 | -0.8 | | | |
Income (loss) before equity in earnings of subsidiaries and income taxes | | 0.9 | 12.4 | | | |
Income tax expense (benefit) | | 0.6 | 6.5 | | | |
Equity in earnings of subsidiaries, net of tax | | 0 | 0 | | | |
Income (loss) from continuing operations | | 0.3 | 5.9 | | | |
Income (loss) from discontinued operations | | 48.9 | 1.1 | | | |
Net income (loss) | | 49.2 | 7 | | | |
Other comprehensive income (loss) | | 1.4 | 1.8 | | | |
Total comprehensive income (loss) | | 50.6 | 8.8 | | | |
Preferred stock dividends | | 2.6 | 2.6 | | | |
Net income (loss) applicable to common shareowners | | 46.6 | 4.4 | | | |
Condensed Consolidating Balance Sheets | | | | | | |
Cash and cash equivalents | | 13.4 | 4.2 | | | |
Receivables, net | | 170.3 | | 168.5 | | |
Other current assets | | 141.6 | | 106.5 | | |
Other current assets from discontinued operations | | 0.4 | | 4.7 | | |
Total current assets | | 325.7 | | 337.6 | | |
Property, plant and equipment, net | | 845.7 | | 815.4 | | |
Investment in CyrusOne | | 261.5 | | 273.6 | | |
Goodwill and intangibles, net | | 14.8 | | 14.9 | | |
Investments in and advances to subsidiaries | | 0 | | 0 | | |
Other noncurrent assets | | 269.3 | | 334.6 | | |
Other noncurrent assets from discontinued operations | | 16 | | 44.6 | | |
Total assets | | 1,733 | | 1,820.70 | | |
Current portion of long-term debt | | 12.6 | | 11.6 | | |
Accounts payable | | 113.1 | | 132 | | |
Other current liabilities | | 127.2 | | 125.2 | | |
Other current liabilities from discontinued operations | | 26.5 | | 142 | | |
Total current liabilities | | 279.4 | | 410.8 | | |
Long-term debt, less current portion | | 1,748.80 | | 1,689.40 | | |
Other noncurrent liabilities | | 273.2 | | 266.3 | | |
Other noncurrent liabilities from discontinued operations | | 31.2 | | 102.7 | | |
Intercompany payables | | 0 | | 0 | | |
Total liabilities | | 2,332.60 | | 2,469.20 | | |
Shareowners' (deficit) equity | | -599.6 | | -648.5 | | |
Total liabilities and shareowners' equity (deficit) | | 1,733 | | 1,820.70 | | |
Condensed Consolidating Statements of Cash Flows | | | | | | |
Cash flows provided by (used in) operating activities | | 6.3 | 37.8 | | | |
Capital expenditures | | -57.9 | -34.3 | | | |
Proceeds from sale of assets | | | 1.9 | | | |
Dividends received from CyrusOne | | 6 | 7.1 | | | |
Distributions Received from Subsidiaries | | 0 | | | | |
Funding Between Parent and Subsidiaries, net investing | | 0 | | | | |
Other investing activities | | 0.1 | | | | |
Cash flows provided by (used in) investing activities | | -52 | -25.3 | | | |
Funding between Parent and subsidiaries, net financing | | 0 | | | | |
Funding between Parent and subsidiaries, net | | | 0 | | | |
Cash Dividends Paid to Parent Company by Consolidated Subsidiaries | | 0 | | | | |
Net increase (decrease) in corporate credit and receivables facilities with initial maturities less than 90 days | | 7.5 | -4.1 | | | |
Repayment of debt | | -3.3 | -5.2 | | | |
Proceeds from exercise of options and warrants | | | 0.6 | | | |
Other financing activities | | -3 | -4.2 | | | |
Cash flows provided by (used in) financing activities | | 1.2 | -12.9 | | | |
Increase (decrease) in cash and cash equivalents | | -44.5 | -0.4 | | | |
Cash and cash equivalents at beginning of period | | 57.9 | 4.6 | | | |
Cash and cash equivalents at end of period | | 13.4 | 4.2 | | | |
Notes guaranteed by subsidiaries [Member] | Parent Company [Member] | | | | | | |
Condensed Consolidating Statements of Operations and Comprehensive Income (Loss) | | | | | | |
Revenue | | 0 | 0 | | | |
Operating costs and expenses | | 5.3 | 6.5 | | | |
Operating income (loss) | | -5.3 | -6.5 | | | |
Interest expense (income), net | | 33.9 | 36.7 | | | |
Other expense (income), net | | -0.4 | -0.3 | | | |
Income (loss) before equity in earnings of subsidiaries and income taxes | | -38.8 | -42.9 | | | |
Income tax expense (benefit) | | -14.1 | -13.2 | | | |
Equity in earnings of subsidiaries, net of tax | | 73.9 | 36.7 | | | |
Income (loss) from continuing operations | | 49.2 | 7 | | | |
Income (loss) from discontinued operations | | 0 | 0 | | | |
Net income (loss) | | 49.2 | 7 | | | |
Other comprehensive income (loss) | | 1.7 | 1.8 | | | |
Total comprehensive income (loss) | | 50.9 | 8.8 | | | |
Preferred stock dividends | | 2.6 | 2.6 | | | |
Net income (loss) applicable to common shareowners | | 46.6 | 4.4 | | | |
Condensed Consolidating Balance Sheets | | | | | | |
Cash and cash equivalents | | 10.6 | 1.9 | | | |
Receivables, net | | 1.4 | | 2.6 | | |
Other current assets | | 45.2 | | 4.7 | | |
Other current assets from discontinued operations | | 0 | | 0 | | |
Total current assets | | 57.2 | | 63.5 | | |
Property, plant and equipment, net | | 0.3 | | 0.2 | | |
Investment in CyrusOne | | 0 | | 0 | | |
Goodwill and intangibles, net | | 0 | | 0 | | |
Investments in and advances to subsidiaries | | 1,135.30 | | 1,061.20 | | |
Other noncurrent assets | | 255.6 | | 294.2 | | |
Other noncurrent assets from discontinued operations | | 0 | | 0 | | |
Total assets | | 1,448.40 | | 1,419.10 | | |
Current portion of long-term debt | | 5.4 | | 5.4 | | |
Accounts payable | | 0.6 | | 1 | | |
Other current liabilities | | 58.2 | | 52.3 | | |
Other current liabilities from discontinued operations | | 0 | | 0 | | |
Total current liabilities | | 64.2 | | 58.7 | | |
Long-term debt, less current portion | | 1,524.90 | | 1,526.10 | | |
Other noncurrent liabilities | | 247.3 | | 254.1 | | |
Other noncurrent liabilities from discontinued operations | | 0 | | 0 | | |
Intercompany payables | | 211 | | 228.5 | | |
Total liabilities | | 2,047.40 | | 2,067.40 | | |
Shareowners' (deficit) equity | | -599 | | -648.3 | | |
Total liabilities and shareowners' equity (deficit) | | 1,448.40 | | 1,419.10 | | |
Condensed Consolidating Statements of Cash Flows | | | | | | |
Cash flows provided by (used in) operating activities | | -23.5 | -28.2 | | | |
Capital expenditures | | 0 | 0 | | | |
Proceeds from sale of assets | | | 0 | | | |
Dividends received from CyrusOne | | 0 | 0 | | | |
Distributions Received from Subsidiaries | | -2.7 | | | | |
Funding Between Parent and Subsidiaries, net investing | | 0 | | | | |
Other investing activities | | -0.1 | | | | |
Cash flows provided by (used in) investing activities | | 2.6 | 0 | | | |
Funding between Parent and subsidiaries, net financing | | 20.4 | | | | |
Funding between Parent and subsidiaries, net | | | -35.4 | | | |
Cash Dividends Paid to Parent Company by Consolidated Subsidiaries | | 0 | | | | |
Net increase (decrease) in corporate credit and receivables facilities with initial maturities less than 90 days | | 0 | -2.5 | | | |
Repayment of debt | | -1.3 | -1.3 | | | |
Proceeds from exercise of options and warrants | | | 0.6 | | | |
Other financing activities | | -3 | -4.2 | | | |
Cash flows provided by (used in) financing activities | | -24.7 | 28 | | | |
Increase (decrease) in cash and cash equivalents | | -45.6 | -0.2 | | | |
Cash and cash equivalents at beginning of period | | 56.2 | 2.1 | | | |
Cash and cash equivalents at end of period | | 10.6 | 1.9 | | | |
Notes guaranteed by subsidiaries [Member] | Guarantor Subsidiaries [Member] | | | | | | |
Condensed Consolidating Statements of Operations and Comprehensive Income (Loss) | | | | | | |
Revenue | | 152.9 | 142.4 | | | |
Operating costs and expenses | | 147.3 | 133.5 | | | |
Operating income (loss) | | 5.6 | 8.9 | | | |
Interest expense (income), net | | -0.7 | 2.5 | | | |
Other expense (income), net | | 6.1 | 2.6 | | | |
Income (loss) before equity in earnings of subsidiaries and income taxes | | 0.2 | 3.8 | | | |
Income tax expense (benefit) | | 0 | 1.2 | | | |
Equity in earnings of subsidiaries, net of tax | | 0 | 0 | | | |
Income (loss) from continuing operations | | 0.2 | 2.6 | | | |
Income (loss) from discontinued operations | | 48.9 | 1.1 | | | |
Net income (loss) | | 49.1 | 3.7 | | | |
Other comprehensive income (loss) | | 0 | 0 | | | |
Total comprehensive income (loss) | | 49.1 | 3.7 | | | |
Preferred stock dividends | | 0 | 0 | | | |
Net income (loss) applicable to common shareowners | | 49.1 | 3.7 | | | |
Condensed Consolidating Balance Sheets | | | | | | |
Cash and cash equivalents | | 0.3 | 1.1 | | | |
Receivables, net | | 9 | | 6.1 | | |
Other current assets | | 63.4 | | 69.9 | | |
Other current assets from discontinued operations | | 0.4 | | 4.7 | | |
Total current assets | | 73.1 | | 80.9 | | |
Property, plant and equipment, net | | 51.5 | | 50.8 | | |
Investment in CyrusOne | | 261.5 | | 273.6 | | |
Goodwill and intangibles, net | | 12.6 | | 12.7 | | |
Investments in and advances to subsidiaries | | 181.5 | | 393.1 | | |
Other noncurrent assets | | 160.3 | | 191.6 | | |
Other noncurrent assets from discontinued operations | | 16 | | 44.6 | | |
Total assets | | 756.5 | | 1,047.30 | | |
Current portion of long-term debt | | 3.4 | | 2.3 | | |
Accounts payable | | 55.8 | | 76.2 | | |
Other current liabilities | | 24.3 | | 23.5 | | |
Other current liabilities from discontinued operations | | 26.5 | | 142 | | |
Total current liabilities | | 110 | | 244 | | |
Long-term debt, less current portion | | 55.8 | | 2.9 | | |
Other noncurrent liabilities | | 8.8 | | 4.6 | | |
Other noncurrent liabilities from discontinued operations | | 31.2 | | 102.7 | | |
Intercompany payables | | 0 | | 0 | | |
Total liabilities | | 205.8 | | 354.2 | | |
Shareowners' (deficit) equity | | 550.7 | | 693.1 | | |
Total liabilities and shareowners' equity (deficit) | | 756.5 | | 1,047.30 | | |
Condensed Consolidating Statements of Cash Flows | | | | | | |
Cash flows provided by (used in) operating activities | | -19.2 | 25.6 | | | |
Capital expenditures | | -6.1 | -11.7 | | | |
Proceeds from sale of assets | | | 0 | | | |
Dividends received from CyrusOne | | 6 | -7.1 | | | |
Distributions Received from Subsidiaries | | 0 | | | | |
Funding Between Parent and Subsidiaries, net investing | | -20.4 | | | | |
Other investing activities | | 0 | | | | |
Cash flows provided by (used in) investing activities | | 20.3 | -4.6 | | | |
Funding between Parent and subsidiaries, net financing | | 0 | | | | |
Funding between Parent and subsidiaries, net | | | 19.5 | | | |
Cash Dividends Paid to Parent Company by Consolidated Subsidiaries | | 0 | | | | |
Net increase (decrease) in corporate credit and receivables facilities with initial maturities less than 90 days | | 0 | 0 | | | |
Repayment of debt | | -1 | -0.7 | | | |
Proceeds from exercise of options and warrants | | | 0 | | | |
Other financing activities | | 0 | 0 | | | |
Cash flows provided by (used in) financing activities | | -1 | -20.2 | | | |
Increase (decrease) in cash and cash equivalents | | 0.1 | 0.8 | | | |
Cash and cash equivalents at beginning of period | | 0.2 | 0.3 | | | |
Cash and cash equivalents at end of period | | 0.3 | 1.1 | | | |
Notes guaranteed by subsidiaries [Member] | Non-Guarantor Subsidiaries [Member] | | | | | | |
Condensed Consolidating Statements of Operations and Comprehensive Income (Loss) | | | | | | |
Revenue | | 149.7 | 149.8 | | | |
Operating costs and expenses | | 112.9 | 101.8 | | | |
Operating income (loss) | | 36.8 | 48 | | | |
Interest expense (income), net | | -0.5 | -0.4 | | | |
Other expense (income), net | | -2.2 | -3.1 | | | |
Income (loss) before equity in earnings of subsidiaries and income taxes | | 39.5 | 51.5 | | | |
Income tax expense (benefit) | | 14.7 | 18.5 | | | |
Equity in earnings of subsidiaries, net of tax | | 0 | 0 | | | |
Income (loss) from continuing operations | | 24.8 | 33 | | | |
Income (loss) from discontinued operations | | 0 | 0 | | | |
Net income (loss) | | 24.8 | 33 | | | |
Other comprehensive income (loss) | | -0.3 | 0 | | | |
Total comprehensive income (loss) | | 24.5 | 33 | | | |
Preferred stock dividends | | 0 | 0 | | | |
Net income (loss) applicable to common shareowners | | 24.8 | 33 | | | |
Condensed Consolidating Balance Sheets | | | | | | |
Cash and cash equivalents | | 2.5 | 1.2 | | | |
Receivables, net | | 159.9 | | 159.8 | | |
Other current assets | | 34.6 | | 33.1 | | |
Other current assets from discontinued operations | | 0 | | 0 | | |
Total current assets | | 197 | | 194.4 | | |
Property, plant and equipment, net | | 793.9 | | 764.4 | | |
Investment in CyrusOne | | 0 | | 0 | | |
Goodwill and intangibles, net | | 2.2 | | 2.2 | | |
Investments in and advances to subsidiaries | | 206.3 | | 209.3 | | |
Other noncurrent assets | | 3.5 | | 3.8 | | |
Other noncurrent assets from discontinued operations | | 0 | | 0 | | |
Total assets | | 1,202.90 | | 1,174.10 | | |
Current portion of long-term debt | | 3.8 | | 3.9 | | |
Accounts payable | | 56.7 | | 54.8 | | |
Other current liabilities | | 44.7 | | 49.3 | | |
Other current liabilities from discontinued operations | | 0 | | 0 | | |
Total current liabilities | | 105.2 | | 108 | | |
Long-term debt, less current portion | | 168.1 | | 160.4 | | |
Other noncurrent liabilities | | 168.8 | | 164 | | |
Other noncurrent liabilities from discontinued operations | | 0 | | 0 | | |
Intercompany payables | | 128.1 | | 131.9 | | |
Total liabilities | | 570.2 | | 564.3 | | |
Shareowners' (deficit) equity | | 632.7 | | 609.8 | | |
Total liabilities and shareowners' equity (deficit) | | 1,202.90 | | 1,174.10 | | |
Condensed Consolidating Statements of Cash Flows | | | | | | |
Cash flows provided by (used in) operating activities | | 49 | 40.4 | | | |
Capital expenditures | | -51.8 | -22.6 | | | |
Proceeds from sale of assets | | | 1.9 | | | |
Dividends received from CyrusOne | | 0 | 0 | | | |
Distributions Received from Subsidiaries | | 0 | | | | |
Funding Between Parent and Subsidiaries, net investing | | 7.2 | | | | |
Other investing activities | | 0 | | | | |
Cash flows provided by (used in) investing activities | | -44.6 | -20.7 | | | |
Funding between Parent and subsidiaries, net financing | | 7.2 | | | | |
Funding between Parent and subsidiaries, net | | | 15.9 | | | |
Cash Dividends Paid to Parent Company by Consolidated Subsidiaries | | -2.7 | | | | |
Net increase (decrease) in corporate credit and receivables facilities with initial maturities less than 90 days | | 7.5 | -1.6 | | | |
Repayment of debt | | -1 | -3.2 | | | |
Proceeds from exercise of options and warrants | | | 0 | | | |
Other financing activities | | 0 | 0 | | | |
Cash flows provided by (used in) financing activities | | -3.4 | -20.7 | | | |
Increase (decrease) in cash and cash equivalents | | 1 | -1 | | | |
Cash and cash equivalents at beginning of period | | 1.5 | 2.2 | | | |
Cash and cash equivalents at end of period | | 2.5 | 1.2 | | | |
Notes guaranteed by subsidiaries [Member] | Consolidation, Eliminations [Member] | | | | | | |
Condensed Consolidating Statements of Operations and Comprehensive Income (Loss) | | | | | | |
Revenue | | -9.7 | -10 | | | |
Operating costs and expenses | | -9.7 | -10 | | | |
Operating income (loss) | | 0 | 0 | | | |
Interest expense (income), net | | 0 | 0 | | | |
Other expense (income), net | | 0 | 0 | | | |
Income (loss) before equity in earnings of subsidiaries and income taxes | | 0 | 0 | | | |
Income tax expense (benefit) | | 0 | 0 | | | |
Equity in earnings of subsidiaries, net of tax | | -73.9 | -36.7 | | | |
Income (loss) from continuing operations | | -73.9 | -36.7 | | | |
Income (loss) from discontinued operations | | 0 | 0 | | | |
Net income (loss) | | -73.9 | -36.7 | | | |
Other comprehensive income (loss) | | 0 | 0 | | | |
Total comprehensive income (loss) | | -73.9 | -36.7 | | | |
Preferred stock dividends | | 0 | 0 | | | |
Net income (loss) applicable to common shareowners | | -73.9 | -36.7 | | | |
Condensed Consolidating Balance Sheets | | | | | | |
Cash and cash equivalents | | 0 | 0 | | | |
Receivables, net | | 0 | | 0 | | |
Other current assets | | -1.6 | | -1.2 | | |
Other current assets from discontinued operations | | 0 | | 0 | | |
Total current assets | | -1.6 | | -1.2 | | |
Property, plant and equipment, net | | 0 | | 0 | | |
Investment in CyrusOne | | 0 | | 0 | | |
Goodwill and intangibles, net | | 0 | | 0 | | |
Investments in and advances to subsidiaries | | -1,523.10 | | -1,663.60 | | |
Other noncurrent assets | | -150.1 | | -155 | | |
Other noncurrent assets from discontinued operations | | 0 | | 0 | | |
Total assets | | -1,674.80 | | -1,819.80 | | |
Current portion of long-term debt | | 0 | | 0 | | |
Accounts payable | | 0 | | 0 | | |
Other current liabilities | | 0 | | 0.1 | | |
Other current liabilities from discontinued operations | | 0 | | 0 | | |
Total current liabilities | | 0 | | 0.1 | | |
Long-term debt, less current portion | | 0 | | 0 | | |
Other noncurrent liabilities | | -151.7 | | -156.4 | | |
Other noncurrent liabilities from discontinued operations | | 0 | | 0 | | |
Intercompany payables | | -339.1 | | -360.4 | | |
Total liabilities | | -490.8 | | -516.7 | | |
Shareowners' (deficit) equity | | -1,184 | | -1,303.10 | | |
Total liabilities and shareowners' equity (deficit) | | -1,674.80 | | -1,819.80 | | |
Condensed Consolidating Statements of Cash Flows | | | | | | |
Cash flows provided by (used in) operating activities | | 0 | 0 | | | |
Capital expenditures | | 0 | 0 | | | |
Proceeds from sale of assets | | | 0 | | | |
Dividends received from CyrusOne | | 0 | 0 | | | |
Distributions Received from Subsidiaries | | 2.7 | | | | |
Funding Between Parent and Subsidiaries, net investing | | 27.6 | | | | |
Other investing activities | | 0 | | | | |
Cash flows provided by (used in) investing activities | | -30.3 | 0 | | | |
Funding between Parent and subsidiaries, net financing | | -27.6 | | | | |
Funding between Parent and subsidiaries, net | | | 0 | | | |
Cash Dividends Paid to Parent Company by Consolidated Subsidiaries | | -2.7 | | | | |
Net increase (decrease) in corporate credit and receivables facilities with initial maturities less than 90 days | | 0 | 0 | | | |
Repayment of debt | | 0 | 0 | | | |
Proceeds from exercise of options and warrants | | | 0 | | | |
Other financing activities | | 0 | 0 | | | |
Cash flows provided by (used in) financing activities | | 30.3 | 0 | | | |
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 | | | |
Various Cincinnati Bell Telephone Notes [Member] | | | | | | |
Condensed Financial Statements, Captions [Line Items] | | | | | | |
Debt Instrument, Face Amount | | 134.5 | | 134.5 | | |
Senior Subordinated Notes due 2018 [Member] | | | | | | |
Condensed Financial Statements, Captions [Line Items] | | | | | | |
Debt Instrument, Face Amount | $300 | $300 | | $300 | | |