| Schedule of condensed consolidating statements of income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
noncontrolling interests |
— |
|
|
— |
|
|
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 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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
|
| Schedule of condensed consolidating balance sheets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
|
|
| Schedule of condensed consolidating statements of cash flows |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
|
|