Schedule of condensed consolidating balance sheets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
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|
|
|
|
December 31, 2015 |
|
September 30, 2015 |
|
Parent |
|
Guarantors |
|
Non-
Guarantors
|
|
Eliminations |
|
Consolidated |
|
Parent |
|
Guarantors |
|
Non-
Guarantors
|
|
Eliminations |
|
Consolidated |
Cash and cash equivalents |
$ |
0.7 |
|
|
$ |
6.5 |
|
|
$ |
47.9 |
|
|
$ |
— |
|
|
$ |
55.1 |
|
|
$ |
0.3 |
|
|
$ |
7.1 |
|
|
$ |
40.9 |
|
|
$ |
— |
|
|
$ |
48.3 |
|
Trade receivables, net |
— |
|
|
98.3 |
|
|
75.1 |
|
|
— |
|
|
173.4 |
|
|
— |
|
|
113.4 |
|
|
74.5 |
|
|
— |
|
|
187.9 |
|
Unbilled receivables from long-term |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
manufacturing contracts |
— |
|
|
8.4 |
|
|
111.9 |
|
|
— |
|
|
120.3 |
|
|
— |
|
|
13.5 |
|
|
131.4 |
|
|
— |
|
|
144.9 |
|
Inventories |
— |
|
|
75.0 |
|
|
93.9 |
|
|
(2.8 |
) |
|
166.1 |
|
|
— |
|
|
69.0 |
|
|
87.1 |
|
|
(2.5 |
) |
|
153.6 |
|
Deferred income taxes |
0.2 |
|
|
15.8 |
|
|
3.3 |
|
|
— |
|
|
19.3 |
|
|
1.8 |
|
|
15.7 |
|
|
4.4 |
|
|
— |
|
|
21.9 |
|
Prepaid expense |
2.9 |
|
|
6.3 |
|
|
12.0 |
|
|
— |
|
|
21.2 |
|
|
2.8 |
|
|
6.5 |
|
|
14.5 |
|
|
— |
|
|
23.8 |
|
Intercompany receivables |
— |
|
|
973.1 |
|
|
54.2 |
|
|
(1,027.3 |
) |
|
— |
|
|
— |
|
|
921.8 |
|
|
60.2 |
|
|
(982.0 |
) |
|
— |
|
Other current assets |
0.3 |
|
|
1.6 |
|
|
17.7 |
|
|
0.7 |
|
|
20.3 |
|
|
0.6 |
|
|
1.9 |
|
|
20.8 |
|
|
0.4 |
|
|
23.7 |
|
Total current assets |
4.1 |
|
|
1,185.0 |
|
|
416.0 |
|
|
(1,029.4 |
) |
|
575.7 |
|
|
5.5 |
|
|
1,148.9 |
|
|
433.8 |
|
|
(984.1 |
) |
|
604.1 |
|
Property, plant and equipment, net |
6.3 |
|
|
65.3 |
|
|
86.4 |
|
|
— |
|
|
158.0 |
|
|
6.3 |
|
|
66.2 |
|
|
85.8 |
|
|
— |
|
|
158.3 |
|
Intangible assets, net |
2.1 |
|
|
173.0 |
|
|
324.7 |
|
|
— |
|
|
499.8 |
|
|
2.2 |
|
|
175.6 |
|
|
281.8 |
|
|
— |
|
|
459.6 |
|
Goodwill |
— |
|
|
211.7 |
|
|
357.5 |
|
|
— |
|
|
569.2 |
|
|
— |
|
|
211.7 |
|
|
332.3 |
|
|
— |
|
|
544.0 |
|
Investment in consolidated subsidiaries |
2,130.9 |
|
|
842.6 |
|
|
— |
|
|
(2,973.5 |
) |
|
— |
|
|
2,082.7 |
|
|
836.1 |
|
|
— |
|
|
(2,918.8 |
) |
|
— |
|
Other assets |
22.9 |
|
|
28.7 |
|
|
0.4 |
|
|
(11.9 |
) |
|
40.1 |
|
|
24.5 |
|
|
31.0 |
|
|
0.9 |
|
|
(14.3 |
) |
|
42.1 |
|
Total Assets |
$ |
2,166.3 |
|
|
$ |
2,506.3 |
|
|
$ |
1,185.0 |
|
|
$ |
(4,014.8 |
) |
|
$ |
1,842.8 |
|
|
$ |
2,121.2 |
|
|
$ |
2,469.5 |
|
|
$ |
1,134.6 |
|
|
$ |
(3,917.2 |
) |
|
$ |
1,808.1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Trade accounts payable |
$ |
1.1 |
|
|
$ |
19.4 |
|
|
$ |
81.2 |
|
|
$ |
— |
|
|
$ |
101.7 |
|
|
$ |
0.5 |
|
|
$ |
22.7 |
|
|
$ |
81.3 |
|
|
$ |
(0.2 |
) |
|
$ |
104.3 |
|
Liabilities from long-term manufacturing |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
contracts and advances |
— |
|
|
12.3 |
|
|
57.9 |
|
|
— |
|
|
70.2 |
|
|
— |
|
|
13.5 |
|
|
66.2 |
|
|
— |
|
|
79.7 |
|
Current portion of long-term debt |
10.1 |
|
|
— |
|
|
— |
|
|
— |
|
|
10.1 |
|
|
9.0 |
|
|
— |
|
|
0.4 |
|
|
— |
|
|
9.4 |
|
Accrued compensation |
1.5 |
|
|
12.4 |
|
|
26.8 |
|
|
— |
|
|
40.7 |
|
|
3.9 |
|
|
23.0 |
|
|
35.4 |
|
|
— |
|
|
62.3 |
|
Deferred income taxes |
— |
|
|
— |
|
|
19.7 |
|
|
— |
|
|
19.7 |
|
|
— |
|
|
— |
|
|
25.4 |
|
|
— |
|
|
25.4 |
|
Intercompany payables |
1,024.8 |
|
|
5.3 |
|
|
— |
|
|
(1,030.1 |
) |
|
— |
|
|
979.7 |
|
|
4.8 |
|
|
— |
|
|
(984.5 |
) |
|
— |
|
Other current liabilities |
9.5 |
|
|
44.7 |
|
|
56.9 |
|
|
1.5 |
|
|
112.6 |
|
|
18.1 |
|
|
46.0 |
|
|
58.6 |
|
|
0.4 |
|
|
123.1 |
|
Total current liabilities |
1,047.0 |
|
|
94.1 |
|
|
242.5 |
|
|
(1,028.6 |
) |
|
355.0 |
|
|
1,011.2 |
|
|
110.0 |
|
|
267.3 |
|
|
(984.3 |
) |
|
404.2 |
|
Long-term debt |
531.3 |
|
|
— |
|
|
81.6 |
|
|
— |
|
|
612.9 |
|
|
513.1 |
|
|
— |
|
|
5.6 |
|
|
— |
|
|
518.7 |
|
Accrued pension and |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
postretirement healthcare |
1.1 |
|
|
119.9 |
|
|
94.1 |
|
|
— |
|
|
215.1 |
|
|
1.1 |
|
|
119.8 |
|
|
97.8 |
|
|
— |
|
|
218.7 |
|
Deferred income taxes |
— |
|
|
17.4 |
|
|
26.9 |
|
|
(12.7 |
) |
|
31.6 |
|
|
— |
|
|
17.0 |
|
|
26.5 |
|
|
(14.1 |
) |
|
29.4 |
|
Other long-term liabilities |
1.9 |
|
|
20.6 |
|
|
8.1 |
|
|
— |
|
|
30.6 |
|
|
1.7 |
|
|
20.4 |
|
|
9.2 |
|
|
— |
|
|
31.3 |
|
Total Liabilities |
1,581.3 |
|
|
252.0 |
|
|
453.2 |
|
|
(1,041.3 |
) |
|
1,245.2 |
|
|
1,527.1 |
|
|
267.2 |
|
|
406.4 |
|
|
(998.4 |
) |
|
1,202.3 |
|
Total Hillenbrand Shareholders’ Equity |
585.0 |
|
|
2,254.3 |
|
|
719.2 |
|
|
(2,973.5 |
) |
|
585.0 |
|
|
594.1 |
|
|
2,202.3 |
|
|
716.5 |
|
|
(2,918.8 |
) |
|
594.1 |
|
Noncontrolling interests |
— |
|
|
— |
|
|
12.6 |
|
|
— |
|
|
12.6 |
|
|
— |
|
|
— |
|
|
11.7 |
|
|
— |
|
|
11.7 |
|
Total Equity |
585.0 |
|
|
2,254.3 |
|
|
731.8 |
|
|
(2,973.5 |
) |
|
597.6 |
|
|
594.1 |
|
|
2,202.3 |
|
|
728.2 |
|
|
(2,918.8 |
) |
|
605.8 |
|
Total Liabilities and Equity |
$ |
2,166.3 |
|
|
$ |
2,506.3 |
|
|
$ |
1,185.0 |
|
|
$ |
(4,014.8 |
) |
|
$ |
1,842.8 |
|
|
$ |
2,121.2 |
|
|
$ |
2,469.5 |
|
|
$ |
1,134.6 |
|
|
$ |
(3,917.2 |
) |
|
$ |
1,808.1 |
|
|
Schedule of condensed consolidating statements of cash flows |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended December 31, 2015 |
|
Three Months Ended December 31, 2014 |
|
Parent |
|
Guarantors |
|
Non-
Guarantors
|
|
Eliminations |
|
Consolidated |
|
Parent |
|
Guarantors |
|
Non-
Guarantors
|
|
Eliminations |
|
Consolidated |
Net cash provided by (used in)
operating activities
|
$ |
(1.7 |
) |
|
$ |
3.2 |
|
|
$ |
34.2 |
|
|
$ |
— |
|
|
$ |
35.7 |
|
|
$ |
(33.3 |
) |
|
$ |
3.6 |
|
|
$ |
(12.2 |
) |
|
$ |
— |
|
|
$ |
(41.9 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investing activities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Capital expenditures |
(0.3 |
) |
|
(3.8 |
) |
|
(2.4 |
) |
|
— |
|
|
(6.5 |
) |
|
(0.3 |
) |
|
(3.3 |
) |
|
(2.1 |
) |
|
— |
|
|
(5.7 |
) |
Proceeds from sales of property, plant, and
equipment
|
— |
|
|
— |
|
|
0.1 |
|
|
— |
|
|
0.1 |
|
|
— |
|
|
0.5 |
|
|
— |
|
|
— |
|
|
0.5 |
|
Acquisition of business, net of cash
acquired
|
— |
|
|
— |
|
|
(105.7 |
) |
|
— |
|
|
(105.7 |
) |
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Other, net |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
(2.4 |
) |
|
(0.2 |
) |
|
— |
|
|
(2.6 |
) |
Net cash used in investing activities |
(0.3 |
) |
|
(3.8 |
) |
|
(108.0 |
) |
|
— |
|
|
(112.1 |
) |
|
(0.3 |
) |
|
(5.2 |
) |
|
(2.3 |
) |
|
— |
|
|
(7.8 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financing activities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Repayments on term loan |
(3.4 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(3.4 |
) |
|
(2.3 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(2.3 |
) |
Proceeds from revolving credit facilities |
79.0 |
|
|
— |
|
|
103.3 |
|
|
— |
|
|
182.3 |
|
|
111.5 |
|
|
— |
|
|
37.8 |
|
|
— |
|
|
149.3 |
|
Repayments on revolving credit facilities |
(57.5 |
) |
|
— |
|
|
(24.0 |
) |
|
— |
|
|
(81.5 |
) |
|
(157.5 |
) |
|
— |
|
|
(29.7 |
) |
|
— |
|
|
(187.2 |
) |
Proceeds from unsecured Series A Notes,
net of financing costs
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
99.7 |
|
|
— |
|
|
— |
|
|
— |
|
|
99.7 |
|
Payment of dividends on common stock |
(12.7 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(12.7 |
) |
|
(12.6 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(12.6 |
) |
Repurchases of common stock |
(3.0 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(3.0 |
) |
|
(6.8 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(6.8 |
) |
Net proceeds on stock plans |
(0.8 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(0.8 |
) |
|
1.2 |
|
|
— |
|
|
— |
|
|
— |
|
|
1.2 |
|
Other, net |
0.8 |
|
|
— |
|
|
— |
|
|
— |
|
|
0.8 |
|
|
1.0 |
|
|
— |
|
|
— |
|
|
— |
|
|
1.0 |
|
Net cash provided by
financing activities
|
2.4 |
|
|
— |
|
|
79.3 |
|
|
— |
|
|
81.7 |
|
|
34.2 |
|
|
— |
|
|
8.1 |
|
|
— |
|
|
42.3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Effect of exchange rates on cash and
cash equivalents
|
— |
|
|
— |
|
|
1.5 |
|
|
— |
|
|
1.5 |
|
|
— |
|
|
— |
|
|
1.4 |
|
|
— |
|
|
1.4 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash flow |
0.4 |
|
|
(0.6 |
) |
|
7.0 |
|
|
— |
|
|
6.8 |
|
|
0.6 |
|
|
(1.6 |
) |
|
(5.0 |
) |
|
— |
|
|
(6.0 |
) |
Cash and equivalents at beginning of
period
|
0.3 |
|
|
7.1 |
|
|
40.9 |
|
|
— |
|
|
48.3 |
|
|
0.4 |
|
|
10.6 |
|
|
47.0 |
|
|
— |
|
|
58.0 |
|
Cash and equivalents at end of period |
$ |
0.7 |
|
|
$ |
6.5 |
|
|
$ |
47.9 |
|
|
$ |
— |
|
|
$ |
55.1 |
|
|
$ |
1.0 |
|
|
$ |
9.0 |
|
|
$ |
42.0 |
|
|
$ |
— |
|
|
$ |
52.0 |
|
|