| Condensed Consolidating Information |
Condensed Consolidating Information
Certain 100% owned subsidiaries of Hillenbrand fully and unconditionally, jointly and severally, agreed to guarantee all of the indebtedness relating to our obligations under the Facility, senior unsecured notes, Series A Notes, and LG Facility. The following are the condensed consolidating financial statements, including the guarantors, which present the statements of income, balance sheets, and cash flows of (i) the parent holding company, (ii) the guarantor subsidiaries, (iii) the non-guarantor subsidiaries, and (iv) eliminations necessary to present the information for Hillenbrand on a consolidated basis.
Condensed Consolidating Statements of Income
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Three Months Ended June 30, 2016 |
|
Three Months Ended June 30, 2015 |
|
Parent |
|
Guarantors |
|
Non-
Guarantors
|
|
Eliminations |
|
Consolidated |
|
Parent |
|
Guarantors |
|
Non-
Guarantors
|
|
Eliminations |
|
Consolidated |
Net revenue |
$ |
— |
|
|
$ |
206.0 |
|
|
$ |
215.0 |
|
|
$ |
(50.0 |
) |
|
$ |
371.0 |
|
|
$ |
— |
|
|
$ |
225.9 |
|
|
$ |
222.4 |
|
|
$ |
(49.6 |
) |
|
$ |
398.7 |
|
Cost of goods sold |
— |
|
|
101.3 |
|
|
150.7 |
|
|
(24.5 |
) |
|
227.5 |
|
|
— |
|
|
121.9 |
|
|
163.1 |
|
|
(25.2 |
) |
|
259.8 |
|
Gross profit |
— |
|
|
104.7 |
|
|
64.3 |
|
|
(25.5 |
) |
|
143.5 |
|
|
— |
|
|
104.0 |
|
|
59.3 |
|
|
(24.4 |
) |
|
138.9 |
|
Operating expenses |
8.9 |
|
|
63.1 |
|
|
40.7 |
|
|
(25.5 |
) |
|
87.2 |
|
|
9.6 |
|
|
58.2 |
|
|
35.7 |
|
|
(24.4 |
) |
|
79.1 |
|
Amortization expense |
— |
|
|
2.9 |
|
|
4.3 |
|
|
— |
|
|
7.2 |
|
|
0.1 |
|
|
2.7 |
|
|
3.7 |
|
|
— |
|
|
6.5 |
|
Interest expense |
6.0 |
|
|
— |
|
|
0.6 |
|
|
— |
|
|
6.6 |
|
|
5.2 |
|
|
0.2 |
|
|
0.3 |
|
|
— |
|
|
5.7 |
|
Other income (expense), net |
(0.1 |
) |
|
(0.4 |
) |
|
0.2 |
|
|
— |
|
|
(0.3 |
) |
|
1.6 |
|
|
(2.8 |
) |
|
(0.1 |
) |
|
— |
|
|
(1.3 |
) |
Equity in net income (loss) of subsidiaries |
36.4 |
|
|
2.8 |
|
|
— |
|
|
(39.2 |
) |
|
— |
|
|
38.9 |
|
|
0.2 |
|
|
— |
|
|
(39.1 |
) |
|
— |
|
Income (loss) before income taxes |
21.4 |
|
|
41.1 |
|
|
18.9 |
|
|
(39.2 |
) |
|
42.2 |
|
|
25.6 |
|
|
40.3 |
|
|
19.5 |
|
|
(39.1 |
) |
|
46.3 |
|
Income tax expense (benefit) |
(9.3 |
) |
|
14.7 |
|
|
5.5 |
|
|
— |
|
|
10.9 |
|
|
(6.5 |
) |
|
15.0 |
|
|
5.3 |
|
|
— |
|
|
13.8 |
|
Consolidated net income (loss) |
30.7 |
|
|
26.4 |
|
|
13.4 |
|
|
(39.2 |
) |
|
31.3 |
|
|
32.1 |
|
|
25.3 |
|
|
14.2 |
|
|
(39.1 |
) |
|
32.5 |
|
Less: Net income attributable to |
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|
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|
|
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|
|
|
|
|
|
|
|
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noncontrolling interests |
— |
|
|
— |
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|
0.6 |
|
|
— |
|
|
0.6 |
|
|
— |
|
|
— |
|
|
0.4 |
|
|
— |
|
|
0.4 |
|
Net income (loss) (1) |
$ |
30.7 |
|
|
$ |
26.4 |
|
|
$ |
12.8 |
|
|
$ |
(39.2 |
) |
|
$ |
30.7 |
|
|
$ |
32.1 |
|
|
$ |
25.3 |
|
|
$ |
13.8 |
|
|
$ |
(39.1 |
) |
|
$ |
32.1 |
|
Consolidated comprehensive income (loss) |
$ |
16.1 |
|
|
$ |
27.0 |
|
|
$ |
(1.3 |
) |
|
$ |
(25.4 |
) |
|
$ |
16.4 |
|
|
$ |
55.9 |
|
|
$ |
26.2 |
|
|
$ |
38.5 |
|
|
$ |
(64.4 |
) |
|
$ |
56.2 |
|
Less: Comprehensive income attributable |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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to noncontrolling interests |
— |
|
|
— |
|
|
0.3 |
|
|
— |
|
|
0.3 |
|
|
— |
|
|
— |
|
|
0.3 |
|
|
— |
|
|
0.3 |
|
Comprehensive income (loss) (2) |
$ |
16.1 |
|
|
$ |
27.0 |
|
|
$ |
(1.6 |
) |
|
$ |
(25.4 |
) |
|
$ |
16.1 |
|
|
$ |
55.9 |
|
|
$ |
26.2 |
|
|
$ |
38.2 |
|
|
$ |
(64.4 |
) |
|
$ |
55.9 |
|
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Nine Months Ended June 30, 2016 |
|
Nine Months Ended June 30, 2015 |
|
Parent |
|
Guarantors |
|
Non-
Guarantors
|
|
Eliminations |
|
Consolidated |
|
Parent |
|
Guarantors |
|
Non-
Guarantors
|
|
Eliminations |
|
Consolidated |
Net revenue |
$ |
— |
|
|
$ |
621.1 |
|
|
$ |
638.5 |
|
|
$ |
(149.9 |
) |
|
$ |
1,109.7 |
|
|
$ |
— |
|
|
$ |
678.3 |
|
|
$ |
675.9 |
|
|
$ |
(149.4 |
) |
|
$ |
1,204.8 |
|
Cost of goods sold |
— |
|
|
312.1 |
|
|
456.5 |
|
|
(73.3 |
) |
|
695.3 |
|
|
— |
|
|
355.4 |
|
|
498.1 |
|
|
(74.6 |
) |
|
778.9 |
|
Gross profit |
— |
|
|
309.0 |
|
|
182.0 |
|
|
(76.6 |
) |
|
414.4 |
|
|
— |
|
|
322.9 |
|
|
177.8 |
|
|
(74.8 |
) |
|
425.9 |
|
Operating expenses |
23.8 |
|
|
186.9 |
|
|
122.5 |
|
|
(76.6 |
) |
|
256.6 |
|
|
28.1 |
|
|
179.1 |
|
|
114.6 |
|
|
(74.8 |
) |
|
247.0 |
|
Amortization expense |
— |
|
|
9.7 |
|
|
15.9 |
|
|
— |
|
|
25.6 |
|
|
0.4 |
|
|
8.5 |
|
|
12.6 |
|
|
— |
|
|
21.5 |
|
Interest expense |
16.8 |
|
|
0.1 |
|
|
2.0 |
|
|
— |
|
|
18.9 |
|
|
15.3 |
|
|
0.6 |
|
|
1.9 |
|
|
— |
|
|
17.8 |
|
Other income (expense), net |
(0.3 |
) |
|
(2.5 |
) |
|
0.9 |
|
|
— |
|
|
(1.9 |
) |
|
(0.1 |
) |
|
(3.4 |
) |
|
(2.8 |
) |
|
— |
|
|
(6.3 |
) |
Equity in net income (loss) of subsidiaries |
94.8 |
|
|
7.7 |
|
|
— |
|
|
(102.5 |
) |
|
— |
|
|
113.9 |
|
|
5.4 |
|
|
— |
|
|
(119.3 |
) |
|
— |
|
Income (loss) before income taxes |
53.9 |
|
|
117.5 |
|
|
42.5 |
|
|
(102.5 |
) |
|
111.4 |
|
|
70.0 |
|
|
136.7 |
|
|
45.9 |
|
|
(119.3 |
) |
|
133.3 |
|
Income tax expense (benefit) |
(22.9 |
) |
|
42.6 |
|
|
12.2 |
|
|
— |
|
|
31.9 |
|
|
(22.3 |
) |
|
49.1 |
|
|
13.1 |
|
|
— |
|
|
39.9 |
|
Consolidated net income (loss) |
76.8 |
|
|
74.9 |
|
|
30.3 |
|
|
(102.5 |
) |
|
79.5 |
|
|
92.3 |
|
|
87.6 |
|
|
32.8 |
|
|
(119.3 |
) |
|
93.4 |
|
Less: Net income attributable to |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
noncontrolling interests |
— |
|
|
— |
|
|
2.7 |
|
|
— |
|
|
2.7 |
|
|
— |
|
|
— |
|
|
1.1 |
|
|
— |
|
|
1.1 |
|
Net income (loss) (1) |
$ |
76.8 |
|
|
$ |
74.9 |
|
|
$ |
27.6 |
|
|
$ |
(102.5 |
) |
|
$ |
76.8 |
|
|
$ |
92.3 |
|
|
$ |
87.6 |
|
|
$ |
31.7 |
|
|
$ |
(119.3 |
) |
|
$ |
92.3 |
|
Consolidated comprehensive income (loss) |
$ |
68.2 |
|
|
$ |
85.0 |
|
|
$ |
21.2 |
|
|
$ |
(103.9 |
) |
|
$ |
70.5 |
|
|
$ |
57.1 |
|
|
$ |
90.2 |
|
|
$ |
8.1 |
|
|
$ |
(97.4 |
) |
|
$ |
58.0 |
|
Less: Comprehensive income attributable |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
to noncontrolling interests |
— |
|
|
— |
|
|
2.3 |
|
|
— |
|
|
2.3 |
|
|
— |
|
|
— |
|
|
0.9 |
|
|
— |
|
|
0.9 |
|
Comprehensive income (loss) (2) |
$ |
68.2 |
|
|
$ |
85.0 |
|
|
$ |
18.9 |
|
|
$ |
(103.9 |
) |
|
$ |
68.2 |
|
|
$ |
57.1 |
|
|
$ |
90.2 |
|
|
$ |
7.2 |
|
|
$ |
(97.4 |
) |
|
$ |
57.1 |
|
(1) Net income attributable to Hillenbrand
(2) Comprehensive income attributable to Hillenbrand
Condensed Consolidating Balance Sheets
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|
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|
|
|
|
|
|
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|
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|
June 30, 2016 |
|
September 30, 2015 |
|
Parent |
|
Guarantors |
|
Non-
Guarantors
|
|
Eliminations |
|
Consolidated |
|
Parent |
|
Guarantors |
|
Non-
Guarantors
|
|
Eliminations |
|
Consolidated |
Cash and cash equivalents |
$ |
0.1 |
|
|
$ |
10.7 |
|
|
$ |
36.8 |
|
|
$ |
— |
|
|
$ |
47.6 |
|
|
$ |
0.3 |
|
|
$ |
7.1 |
|
|
$ |
40.9 |
|
|
$ |
— |
|
|
$ |
48.3 |
|
Trade receivables, net |
— |
|
|
99.0 |
|
|
76.4 |
|
|
— |
|
|
175.4 |
|
|
— |
|
|
113.4 |
|
|
74.5 |
|
|
— |
|
|
187.9 |
|
|
Unbilled receivables from long-term
manufacturing contracts
|
— |
|
|
9.7 |
|
|
97.9 |
|
|
— |
|
|
107.6 |
|
|
— |
|
|
13.5 |
|
|
131.4 |
|
|
— |
|
|
144.9 |
|
Inventories |
— |
|
|
75.8 |
|
|
90.5 |
|
|
(3.0 |
) |
|
163.3 |
|
|
— |
|
|
69.0 |
|
|
87.1 |
|
|
(2.5 |
) |
|
153.6 |
|
Deferred income taxes |
10.1 |
|
|
15.8 |
|
|
2.6 |
|
|
— |
|
|
28.5 |
|
|
1.8 |
|
|
15.7 |
|
|
4.4 |
|
|
— |
|
|
21.9 |
|
Prepaid expense |
3.0 |
|
|
9.1 |
|
|
10.5 |
|
|
— |
|
|
22.6 |
|
|
2.8 |
|
|
6.5 |
|
|
14.5 |
|
|
— |
|
|
23.8 |
|
Intercompany receivables |
— |
|
|
959.5 |
|
|
58.1 |
|
|
(1,017.6 |
) |
|
— |
|
|
— |
|
|
921.8 |
|
|
60.2 |
|
|
(982.0 |
) |
|
— |
|
Other current assets |
0.2 |
|
|
1.7 |
|
|
15.7 |
|
|
0.2 |
|
|
17.8 |
|
|
0.6 |
|
|
1.9 |
|
|
20.8 |
|
|
0.4 |
|
|
23.7 |
|
Total current assets |
13.4 |
|
|
1,181.3 |
|
|
388.5 |
|
|
(1,020.4 |
) |
|
562.8 |
|
|
5.5 |
|
|
1,148.9 |
|
|
433.8 |
|
|
(984.1 |
) |
|
604.1 |
|
Property, plant and equipment, net |
5.2 |
|
|
66.0 |
|
|
83.2 |
|
|
— |
|
|
154.4 |
|
|
6.3 |
|
|
66.2 |
|
|
85.8 |
|
|
— |
|
|
158.3 |
|
Intangible assets, net |
4.0 |
|
|
223.8 |
|
|
320.6 |
|
|
— |
|
|
548.4 |
|
|
2.2 |
|
|
175.6 |
|
|
281.8 |
|
|
— |
|
|
459.6 |
|
Goodwill |
— |
|
|
272.9 |
|
|
362.9 |
|
|
— |
|
|
635.8 |
|
|
— |
|
|
211.7 |
|
|
332.3 |
|
|
— |
|
|
544.0 |
|
Investment in consolidated subsidiaries |
2,258.0 |
|
|
842.6 |
|
|
— |
|
|
(3,100.6 |
) |
|
— |
|
|
2,082.7 |
|
|
836.1 |
|
|
— |
|
|
(2,918.8 |
) |
|
— |
|
Other assets |
22.3 |
|
|
28.2 |
|
|
1.0 |
|
|
(13.2 |
) |
|
38.3 |
|
|
24.5 |
|
|
31.0 |
|
|
0.9 |
|
|
(14.3 |
) |
|
42.1 |
|
Total Assets |
$ |
2,302.9 |
|
|
$ |
2,614.8 |
|
|
$ |
1,156.2 |
|
|
$ |
(4,134.2 |
) |
|
$ |
1,939.7 |
|
|
$ |
2,121.2 |
|
|
$ |
2,469.5 |
|
|
$ |
1,134.6 |
|
|
$ |
(3,917.2 |
) |
|
$ |
1,808.1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Trade accounts payable |
$ |
1.0 |
|
|
$ |
23.9 |
|
|
$ |
87.8 |
|
|
$ |
— |
|
|
$ |
112.7 |
|
|
$ |
0.5 |
|
|
$ |
22.7 |
|
|
$ |
81.3 |
|
|
$ |
(0.2 |
) |
|
$ |
104.3 |
|
|
Liabilities from long-term
manufacturing contracts and advances
|
— |
|
|
11.0 |
|
|
64.6 |
|
|
— |
|
|
75.6 |
|
|
— |
|
|
13.5 |
|
|
66.2 |
|
|
— |
|
|
79.7 |
|
Current portion of long-term debt |
12.4 |
|
|
— |
|
|
— |
|
|
— |
|
|
12.4 |
|
|
9.0 |
|
|
— |
|
|
0.4 |
|
|
— |
|
|
9.4 |
|
Accrued compensation |
2.4 |
|
|
15.2 |
|
|
32.3 |
|
|
— |
|
|
49.9 |
|
|
3.9 |
|
|
23.0 |
|
|
35.4 |
|
|
— |
|
|
62.3 |
|
Deferred income taxes |
— |
|
|
— |
|
|
23.3 |
|
|
— |
|
|
23.3 |
|
|
— |
|
|
— |
|
|
25.4 |
|
|
— |
|
|
25.4 |
|
Intercompany payables |
1,014.5 |
|
|
6.1 |
|
|
— |
|
|
(1,020.6 |
) |
|
— |
|
|
979.7 |
|
|
4.8 |
|
|
— |
|
|
(984.5 |
) |
|
— |
|
Other current liabilities |
20.5 |
|
|
42.5 |
|
|
63.9 |
|
|
0.3 |
|
|
127.2 |
|
|
18.1 |
|
|
46.0 |
|
|
58.6 |
|
|
0.4 |
|
|
123.1 |
|
Total current liabilities |
1,050.8 |
|
|
98.7 |
|
|
271.9 |
|
|
(1,020.3 |
) |
|
401.1 |
|
|
1,011.2 |
|
|
110.0 |
|
|
267.3 |
|
|
(984.3 |
) |
|
404.2 |
|
Long-term debt |
624.6 |
|
|
— |
|
|
— |
|
|
— |
|
|
624.6 |
|
|
513.1 |
|
|
— |
|
|
5.6 |
|
|
— |
|
|
518.7 |
|
|
Accrued pension and
postretirement healthcare
|
1.1 |
|
|
120.7 |
|
|
94.1 |
|
|
— |
|
|
215.9 |
|
|
1.1 |
|
|
119.8 |
|
|
97.8 |
|
|
— |
|
|
218.7 |
|
Deferred income taxes |
— |
|
|
17.4 |
|
|
27.8 |
|
|
(13.3 |
) |
|
31.9 |
|
|
— |
|
|
17.0 |
|
|
26.5 |
|
|
(14.1 |
) |
|
29.4 |
|
Other long-term liabilities |
3.3 |
|
|
17.9 |
|
|
9.0 |
|
|
— |
|
|
30.2 |
|
|
1.7 |
|
|
20.4 |
|
|
9.2 |
|
|
— |
|
|
31.3 |
|
Total Liabilities |
1,679.8 |
|
|
254.7 |
|
|
402.8 |
|
|
(1,033.6 |
) |
|
1,303.7 |
|
|
1,527.1 |
|
|
267.2 |
|
|
406.4 |
|
|
(998.4 |
) |
|
1,202.3 |
|
Total Hillenbrand Shareholders’ Equity |
623.1 |
|
|
2,360.1 |
|
|
740.5 |
|
|
(3,100.6 |
) |
|
623.1 |
|
|
594.1 |
|
|
2,202.3 |
|
|
716.5 |
|
|
(2,918.8 |
) |
|
594.1 |
|
Noncontrolling interests |
— |
|
|
— |
|
|
12.9 |
|
|
— |
|
|
12.9 |
|
|
— |
|
|
— |
|
|
11.7 |
|
|
— |
|
|
11.7 |
|
Total Equity |
623.1 |
|
|
2,360.1 |
|
|
753.4 |
|
|
(3,100.6 |
) |
|
636.0 |
|
|
594.1 |
|
|
2,202.3 |
|
|
728.2 |
|
|
(2,918.8 |
) |
|
605.8 |
|
Total Liabilities and Equity |
$ |
2,302.9 |
|
|
$ |
2,614.8 |
|
|
$ |
1,156.2 |
|
|
$ |
(4,134.2 |
) |
|
$ |
1,939.7 |
|
|
$ |
2,121.2 |
|
|
$ |
2,469.5 |
|
|
$ |
1,134.6 |
|
|
$ |
(3,917.2 |
) |
|
$ |
1,808.1 |
|
Condensed Consolidating Statements of Cash Flow
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended June 30, 2016 |
|
Nine Months Ended June 30, 2015 |
|
Parent |
|
Guarantors |
|
Non-
Guarantors
|
|
Eliminations |
|
Consolidated |
|
Parent |
|
Guarantors |
|
Non-
Guarantors
|
|
Eliminations |
|
Consolidated |
|
Net cash provided by (used in)
operating activities
|
$ |
(67.4 |
) |
|
$ |
244.8 |
|
|
$ |
122.3 |
|
|
$ |
(110.0 |
) |
|
$ |
189.7 |
|
|
$ |
55.9 |
|
|
$ |
91.1 |
|
|
$ |
14.1 |
|
|
$ |
(85.6 |
) |
|
$ |
75.5 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investing activities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Capital expenditures |
(2.3 |
) |
|
(5.9 |
) |
|
(7.4 |
) |
|
— |
|
|
(15.6 |
) |
|
(1.2 |
) |
|
(12.7 |
) |
|
(5.8 |
) |
|
— |
|
|
(19.7 |
) |
|
Proceeds from sales of property, plant, and
equipment
|
— |
|
|
0.6 |
|
|
0.4 |
|
|
— |
|
|
1.0 |
|
|
— |
|
|
0.7 |
|
|
— |
|
|
— |
|
|
0.7 |
|
|
Acquisition of business, net of cash
acquired
|
— |
|
|
(131.3 |
) |
|
(105.7 |
) |
|
— |
|
|
(237.0 |
) |
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Other, net |
— |
|
|
— |
|
|
0.1 |
|
|
— |
|
|
0.1 |
|
|
— |
|
|
(0.9 |
) |
|
(0.3 |
) |
|
— |
|
|
(1.2 |
) |
Net cash used in investing activities |
(2.3 |
) |
|
(136.6 |
) |
|
(112.6 |
) |
|
— |
|
|
(251.5 |
) |
|
(1.2 |
) |
|
(12.9 |
) |
|
(6.1 |
) |
|
— |
|
|
(20.2 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financing activities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Repayments on term loan |
(6.8 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(6.8 |
) |
|
(6.8 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(6.8 |
) |
Proceeds from revolving credit facilities |
315.5 |
|
|
— |
|
|
165.0 |
|
|
— |
|
|
480.5 |
|
|
257.8 |
|
|
— |
|
|
76.4 |
|
|
— |
|
|
334.2 |
|
Repayments on revolving credit facilities |
(194.0 |
) |
|
|
|
|
(169.7 |
) |
|
— |
|
|
(363.7 |
) |
|
(364.0 |
) |
|
— |
|
|
(89.1 |
) |
|
— |
|
|
(453.1 |
) |
|
Proceeds from unsecured Series A Notes,
net of financing costs
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
99.6 |
|
|
— |
|
|
— |
|
|
— |
|
|
99.6 |
|
Proceeds from other borrowings |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
0.6 |
|
|
— |
|
|
1.6 |
|
|
— |
|
|
2.2 |
|
Payment of dividends on intercompany |
— |
|
|
(104.6 |
) |
|
(5.4 |
) |
|
110.0 |
|
|
— |
|
|
— |
|
|
(80.3 |
) |
|
(5.3 |
) |
|
85.6 |
|
|
— |
|
Payment of dividends on common stock |
(38.3 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(38.3 |
) |
|
(37.8 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(37.8 |
) |
Repurchases of common stock |
(16.6 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(16.6 |
) |
|
(9.2 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(9.2 |
) |
Net proceeds on stock plans |
7.6 |
|
|
— |
|
|
— |
|
|
— |
|
|
7.6 |
|
|
3.5 |
|
|
— |
|
|
— |
|
|
— |
|
|
3.5 |
|
Other, net |
2.1 |
|
|
— |
|
|
(1.0 |
) |
|
— |
|
|
1.1 |
|
|
1.2 |
|
|
— |
|
|
— |
|
|
— |
|
|
1.2 |
|
|
Net cash provided by
financing activities
|
69.5 |
|
|
(104.6 |
) |
|
(11.1 |
) |
|
110.0 |
|
|
63.8 |
|
|
(55.1 |
) |
|
(80.3 |
) |
|
(16.4 |
) |
|
85.6 |
|
|
(66.2 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Effect of exchange rates on cash and
cash equivalents
|
— |
|
|
— |
|
|
(2.7 |
) |
|
— |
|
|
(2.7 |
) |
|
— |
|
|
— |
|
|
(1.5 |
) |
|
— |
|
|
(1.5 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash flow |
(0.2 |
) |
|
3.6 |
|
|
(4.1 |
) |
|
— |
|
|
(0.7 |
) |
|
(0.4 |
) |
|
(2.1 |
) |
|
(9.9 |
) |
|
— |
|
|
(12.4 |
) |
|
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 |
$ |
0.1 |
|
|
$ |
10.7 |
|
|
$ |
36.8 |
|
|
$ |
— |
|
|
$ |
47.6 |
|
|
$ |
— |
|
|
$ |
8.5 |
|
|
$ |
37.1 |
|
|
$ |
— |
|
|
$ |
45.6 |
|
|