v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 3 Months Ended 7 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Jul. 31, 2025
Cash flows from operating activities:      
Net (loss) income $ (70.3) $ 12.2  
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depreciation and amortization 289.8 79.7  
Amortization of deferred financing costs, debt discount and premium 0.7 5.5  
(Gain) loss on extinguishment of debt (1.2) 8.5  
Deferred income taxes 0.2 (4.9)  
Straight-line revenues and amortization of below-market lease intangibles (1.4) (6.9)  
Stock-based compensation 7.6 3.8  
Provision for estimated credit losses 9.1 0.4  
Other, net 4.5 1.5  
Changes in operating assets and liabilities, net of acquisitions:      
Accounts receivable 32.3 7.2  
Inventories (13.8) 0.0  
Prepaid expenses (8.0) (0.7)  
Other current assets 3.9 2.3  
Other assets (21.0) 0.1  
Accounts payable 19.0 (4.3)  
Accrued interest 48.1 (86.9)  
Accrued taxes 1.6 1.2  
Deferred revenue 22.9 2.7  
Other current liabilities (75.6) (8.9)  
Other liabilities (1.0) (0.4)  
Noncurrent deferred revenue 2.7 (3.8)  
Operating lease assets and lease obligations 0.0 0.3  
Other, net 10.8 0.0  
Net cash provided from operating activities 260.9 8.6  
Cash flows from investing activities:      
Capital expenditures (349.2) (208.1)  
Capital expenditures funded by government grants (22.6) 0.0  
Grant funds received for broadband expansion 6.2 0.0  
Proceeds from sale of assets 3.1 0.4  
Net cash used in investing activities (362.5) (207.7)  
Cash flows from financing activities:      
Proceeds from issuance of debt 2,070.1 629.0  
Repayments of debt (927.5) (440.0)  
Payments of settlement obligation 0.0 (24.5) $ (73.5)
Payments for financing costs (36.4) (16.2)  
Other, net (6.8) (2.7)  
Net cash provided from financing activities 1,099.4 145.6  
Net increase (decrease) in cash, restricted cash and cash equivalents 997.8 (53.5)  
Cash, restricted cash and cash equivalents at beginning of period 134.1 183.8 $ 183.8
Cash, restricted cash and cash equivalents at end of period $ 1,131.9 $ 130.3