Schedule of condensed consolidating statements of income |
Condensed Consolidating Statements of Income
|
|
|
|
|
|
|
|
|
|
|
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|
|
|
|
|
|
|
|
|
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|
|
|
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|
|
|
|
|
|
|
|
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|
|
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|
|
|
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|
Year Ended September 30, 2017 |
|
Year Ended September 30, 2016 |
|
Year Ended September 30, 2015 |
|
Parent |
|
Guarantors |
|
Non-
Guarantors
|
|
Eliminations |
|
Consolidated |
|
Parent |
|
Guarantors |
|
Non-
Guarantors
|
|
Eliminations |
|
Consolidated |
|
Parent |
|
Guarantors |
|
Non-
Guarantors
|
|
Eliminations |
|
Consolidated |
Net revenue |
$ |
— |
|
|
$ |
901.4 |
|
|
$ |
904.7 |
|
|
$ |
(215.9 |
) |
|
$ |
1,590.2 |
|
|
$ |
— |
|
|
$ |
846.8 |
|
|
$ |
892.8 |
|
|
$ |
(201.2 |
) |
|
$ |
1,538.4 |
|
|
$ |
— |
|
|
$ |
912.0 |
|
|
$ |
889.0 |
|
|
$ |
(204.2 |
) |
|
$ |
1,596.8 |
|
Cost of goods sold |
— |
|
|
467.3 |
|
|
647.4 |
|
|
(115.8 |
) |
|
998.9 |
|
|
— |
|
|
428.7 |
|
|
638.4 |
|
|
(99.3 |
) |
|
967.8 |
|
|
— |
|
|
475.6 |
|
|
654.5 |
|
|
(103.7 |
) |
|
1,026.4 |
|
Gross profit |
— |
|
|
434.1 |
|
|
257.3 |
|
|
(100.1 |
) |
|
591.3 |
|
|
— |
|
|
418.1 |
|
|
254.4 |
|
|
(101.9 |
) |
|
570.6 |
|
|
— |
|
|
436.4 |
|
|
234.5 |
|
|
(100.5 |
) |
|
570.4 |
|
Operating expenses |
42.4 |
|
|
237.8 |
|
|
164.3 |
|
|
(100.1 |
) |
|
344.4 |
|
|
41.8 |
|
|
242.0 |
|
|
164.6 |
|
|
(101.9 |
) |
|
346.5 |
|
|
33.1 |
|
|
244.1 |
|
|
153.9 |
|
|
(100.5 |
) |
|
330.6 |
|
Amortization expense |
— |
|
|
13.5 |
|
|
15.7 |
|
|
— |
|
|
29.2 |
|
|
— |
|
|
13.0 |
|
|
20.0 |
|
|
— |
|
|
33.0 |
|
|
0.4 |
|
|
11.4 |
|
|
16.3 |
|
|
— |
|
|
28.1 |
|
Pension settlement charge |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
3.3 |
|
|
14.4 |
|
|
— |
|
|
— |
|
|
17.7 |
|
Interest expense |
21.8 |
|
|
— |
|
|
3.4 |
|
|
— |
|
|
25.2 |
|
|
22.7 |
|
|
0.2 |
|
|
2.4 |
|
|
— |
|
|
25.3 |
|
|
20.5 |
|
|
0.8 |
|
|
2.5 |
|
|
— |
|
|
23.8 |
|
Other income (expense), net |
(0.6 |
) |
|
(3.4 |
) |
|
(0.2 |
) |
|
— |
|
|
(4.2 |
) |
|
(0.3 |
) |
|
(2.2 |
) |
|
0.8 |
|
|
— |
|
|
(1.7 |
) |
|
(0.2 |
) |
|
(4.0 |
) |
|
(3.7 |
) |
|
— |
|
|
(7.9 |
) |
Equity in net income (loss) of subsidiaries |
164.4 |
|
|
8.2 |
|
|
— |
|
|
(172.6 |
) |
|
— |
|
|
144.4 |
|
|
10.2 |
|
|
— |
|
|
(154.6 |
) |
|
— |
|
|
141.1 |
|
|
12.5 |
|
|
— |
|
|
(153.6 |
) |
|
— |
|
Income (loss) before income taxes |
99.6 |
|
|
187.6 |
|
|
73.7 |
|
|
(172.6 |
) |
|
188.3 |
|
|
79.6 |
|
|
170.9 |
|
|
68.2 |
|
|
(154.6 |
) |
|
164.1 |
|
|
83.6 |
|
|
174.2 |
|
|
58.1 |
|
|
(153.6 |
) |
|
162.3 |
|
Income tax expense (benefit) |
(26.6 |
) |
|
65.9 |
|
|
20.6 |
|
|
— |
|
|
59.9 |
|
|
(33.2 |
) |
|
62.4 |
|
|
18.1 |
|
|
— |
|
|
47.3 |
|
|
(27.8 |
) |
|
60.5 |
|
|
16.4 |
|
|
— |
|
|
49.1 |
|
Consolidated net income |
126.2 |
|
|
121.7 |
|
|
53.1 |
|
|
(172.6 |
) |
|
128.4 |
|
|
112.8 |
|
|
108.5 |
|
|
50.1 |
|
|
(154.6 |
) |
|
116.8 |
|
|
111.4 |
|
|
113.7 |
|
|
41.7 |
|
|
(153.6 |
) |
|
113.2 |
|
Less: Net income attributable to noncontrolling interests |
— |
|
|
— |
|
|
2.2 |
|
|
— |
|
|
2.2 |
|
|
— |
|
|
— |
|
|
4.0 |
|
|
— |
|
|
4.0 |
|
|
— |
|
|
— |
|
|
1.8 |
|
|
— |
|
|
1.8 |
|
Net income (loss)(1)
|
$ |
126.2 |
|
|
$ |
121.7 |
|
|
$ |
50.9 |
|
|
$ |
(172.6 |
) |
|
$ |
126.2 |
|
|
$ |
112.8 |
|
|
$ |
108.5 |
|
|
$ |
46.1 |
|
|
$ |
(154.6 |
) |
|
$ |
112.8 |
|
|
$ |
111.4 |
|
|
$ |
113.7 |
|
|
$ |
39.9 |
|
|
$ |
(153.6 |
) |
|
$ |
111.4 |
|
Consolidated comprehensive income (loss) |
$ |
174.8 |
|
|
$ |
131.8 |
|
|
$ |
86.4 |
|
|
$ |
(215.8 |
) |
|
$ |
177.2 |
|
|
$ |
90.9 |
|
|
$ |
116.4 |
|
|
$ |
33.1 |
|
|
$ |
(145.8 |
) |
|
$ |
94.6 |
|
|
$ |
55.7 |
|
|
$ |
103.5 |
|
|
$ |
0.8 |
|
|
$ |
(102.9 |
) |
|
$ |
57.1 |
|
Less: Comprehensive income attributable to noncontrolling interests |
— |
|
|
— |
|
|
2.4 |
|
|
— |
|
|
2.4 |
|
|
— |
|
|
— |
|
|
3.7 |
|
|
— |
|
|
3.7 |
|
|
— |
|
|
— |
|
|
1.4 |
|
|
— |
|
|
1.4 |
|
Comprehensive income (loss)(2)
|
$ |
174.8 |
|
|
$ |
131.8 |
|
|
$ |
84.0 |
|
|
$ |
(215.8 |
) |
|
$ |
174.8 |
|
|
$ |
90.9 |
|
|
$ |
116.4 |
|
|
$ |
29.4 |
|
|
$ |
(145.8 |
) |
|
$ |
90.9 |
|
|
$ |
55.7 |
|
|
$ |
103.5 |
|
|
$ |
(0.6 |
) |
|
$ |
(102.9 |
) |
|
$ |
55.7 |
|
(1) Net income attributable to Hillenbrand
(2) Comprehensive income attributable to Hillenbrand
|
Schedule of condensed consolidating balance sheets |
Condensed Consolidating Balance Sheets
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2017 |
|
September 30, 2016 |
|
Parent |
|
Guarantors |
|
Non-
Guarantors
|
|
Eliminations |
|
Consolidated |
|
Parent |
|
Guarantors |
|
Non-
Guarantors
|
|
Eliminations |
|
Consolidated |
Cash and cash equivalents |
$ |
0.1 |
|
|
$ |
4.9 |
|
|
$ |
61.0 |
|
|
$ |
— |
|
|
$ |
66.0 |
|
|
$ |
4.4 |
|
|
$ |
5.6 |
|
|
$ |
42.0 |
|
|
$ |
— |
|
|
$ |
52.0 |
|
Trade receivables, net |
— |
|
|
114.5 |
|
|
91.6 |
|
|
— |
|
|
206.1 |
|
|
— |
|
|
120.6 |
|
|
84.4 |
|
|
— |
|
|
205.0 |
|
Receivables from long-term manufacturing contracts |
— |
|
|
8.5 |
|
|
116.7 |
|
|
— |
|
|
125.2 |
|
|
— |
|
|
10.6 |
|
|
115.2 |
|
|
— |
|
|
125.8 |
|
Inventories |
— |
|
|
68.2 |
|
|
85.9 |
|
|
(2.5 |
) |
|
151.6 |
|
|
— |
|
|
69.8 |
|
|
86.1 |
|
|
(2.8 |
) |
|
153.1 |
|
Deferred income taxes |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
1.6 |
|
|
17.4 |
|
|
— |
|
|
4.9 |
|
|
23.9 |
|
Prepaid expense |
2.1 |
|
|
7.6 |
|
|
18.5 |
|
|
— |
|
|
28.2 |
|
|
2.2 |
|
|
6.5 |
|
|
9.5 |
|
|
— |
|
|
18.2 |
|
Intercompany receivables |
— |
|
|
1,050.4 |
|
|
93.9 |
|
|
(1,144.3 |
) |
|
— |
|
|
— |
|
|
1,003.1 |
|
|
97.4 |
|
|
(1,100.5 |
) |
|
— |
|
Other current assets |
0.2 |
|
|
1.6 |
|
|
14.4 |
|
|
0.3 |
|
|
16.5 |
|
|
4.6 |
|
|
1.5 |
|
|
15.9 |
|
|
0.3 |
|
|
22.3 |
|
Total current assets |
2.4 |
|
|
1,255.7 |
|
|
482.0 |
|
|
(1,146.5 |
) |
|
593.6 |
|
|
12.8 |
|
|
1,235.1 |
|
|
450.5 |
|
|
(1,098.1 |
) |
|
600.3 |
|
Property, plant and equipment, net |
4.7 |
|
|
64.5 |
|
|
81.2 |
|
|
— |
|
|
150.4 |
|
|
4.9 |
|
|
65.7 |
|
|
81.9 |
|
|
— |
|
|
152.5 |
|
Intangible assets, net |
3.6 |
|
|
211.3 |
|
|
309.0 |
|
|
— |
|
|
523.9 |
|
|
4.1 |
|
|
220.4 |
|
|
317.0 |
|
|
— |
|
|
541.5 |
|
Goodwill |
— |
|
|
283.9 |
|
|
363.6 |
|
|
— |
|
|
647.5 |
|
|
— |
|
|
271.8 |
|
|
362.5 |
|
|
— |
|
|
634.3 |
|
Investment in consolidated subsidiaries |
2,298.0 |
|
|
664.1 |
|
|
— |
|
|
(2,962.1 |
) |
|
— |
|
|
2,143.4 |
|
|
820.2 |
|
|
— |
|
|
(2,963.6 |
) |
|
— |
|
Other assets |
20.2 |
|
|
29.0 |
|
|
4.4 |
|
|
(12.5 |
) |
|
41.1 |
|
|
18.9 |
|
|
22.7 |
|
|
0.8 |
|
|
(11.3 |
) |
|
31.1 |
|
Total Assets |
$ |
2,328.9 |
|
|
$ |
2,508.5 |
|
|
$ |
1,240.2 |
|
|
$ |
(4,121.1 |
) |
|
$ |
1,956.5 |
|
|
$ |
2,184.1 |
|
|
$ |
2,635.9 |
|
|
$ |
1,212.7 |
|
|
$ |
(4,073.0 |
) |
|
$ |
1,959.7 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Trade accounts payable |
$ |
1.0 |
|
|
$ |
36.7 |
|
|
$ |
120.0 |
|
|
$ |
0.3 |
|
|
$ |
158.0 |
|
|
$ |
0.4 |
|
|
$ |
28.4 |
|
|
$ |
106.9 |
|
|
$ |
— |
|
|
$ |
135.7 |
|
Liabilities from long-term manufacturing contracts and advances |
— |
|
|
26.2 |
|
|
106.1 |
|
|
— |
|
|
132.3 |
|
|
— |
|
|
14.0 |
|
|
64.6 |
|
|
— |
|
|
78.6 |
|
Current portion of long-term debt |
18.0 |
|
|
— |
|
|
0.8 |
|
|
— |
|
|
18.8 |
|
|
13.5 |
|
|
— |
|
|
0.3 |
|
|
— |
|
|
13.8 |
|
Accrued compensation |
7.6 |
|
|
17.9 |
|
|
41.4 |
|
|
— |
|
|
66.9 |
|
|
4.7 |
|
|
17.3 |
|
|
35.3 |
|
|
— |
|
|
57.3 |
|
Deferred income taxes |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
18.1 |
|
|
4.7 |
|
|
22.8 |
|
Intercompany payables |
1,142.8 |
|
|
4.0 |
|
|
— |
|
|
(1,146.8 |
) |
|
— |
|
|
1,098.8 |
|
|
4.5 |
|
|
— |
|
|
(1,103.3 |
) |
|
— |
|
Other current liabilities |
14.0 |
|
|
42.2 |
|
|
79.3 |
|
|
0.2 |
|
|
135.7 |
|
|
13.9 |
|
|
39.8 |
|
|
71.6 |
|
|
0.2 |
|
|
125.5 |
|
Total current liabilities |
1,183.4 |
|
|
127.0 |
|
|
347.6 |
|
|
(1,146.3 |
) |
|
511.7 |
|
|
1,131.3 |
|
|
104.0 |
|
|
296.8 |
|
|
(1,098.4 |
) |
|
433.7 |
|
Long-term debt |
392.0 |
|
|
— |
|
|
54.9 |
|
|
— |
|
|
446.9 |
|
|
416.6 |
|
|
— |
|
|
178.5 |
|
|
— |
|
|
595.1 |
|
Accrued pension and postretirement healthcare |
0.8 |
|
|
33.3 |
|
|
95.5 |
|
|
— |
|
|
129.6 |
|
|
1.1 |
|
|
127.0 |
|
|
104.6 |
|
|
— |
|
|
232.7 |
|
Deferred income taxes |
— |
|
|
27.5 |
|
|
60.9 |
|
|
(12.7 |
) |
|
75.7 |
|
|
— |
|
|
5.8 |
|
|
27.8 |
|
|
(11.0 |
) |
|
22.6 |
|
Other long-term liabilities |
1.3 |
|
|
15.3 |
|
|
10.1 |
|
|
— |
|
|
26.7 |
|
|
2.8 |
|
|
16.3 |
|
|
10.3 |
|
|
— |
|
|
29.4 |
|
Total Liabilities |
1,577.5 |
|
|
203.1 |
|
|
569.0 |
|
|
(1,159.0 |
) |
|
1,190.6 |
|
|
1,551.8 |
|
|
253.1 |
|
|
618.0 |
|
|
(1,109.4 |
) |
|
1,313.5 |
|
Total Hillenbrand Shareholders’ Equity |
751.4 |
|
|
2,305.4 |
|
|
656.7 |
|
|
(2,962.1 |
) |
|
751.4 |
|
|
632.3 |
|
|
2,382.8 |
|
|
580.8 |
|
|
(2,963.6 |
) |
|
632.3 |
|
Noncontrolling interests |
— |
|
|
— |
|
|
14.5 |
|
|
— |
|
|
14.5 |
|
|
— |
|
|
— |
|
|
13.9 |
|
|
— |
|
|
13.9 |
|
Total Equity |
751.4 |
|
|
2,305.4 |
|
|
671.2 |
|
|
(2,962.1 |
) |
|
765.9 |
|
|
632.3 |
|
|
2,382.8 |
|
|
594.7 |
|
|
(2,963.6 |
) |
|
646.2 |
|
Total Liabilities and Equity |
$ |
2,328.9 |
|
|
$ |
2,508.5 |
|
|
$ |
1,240.2 |
|
|
$ |
(4,121.1 |
) |
|
$ |
1,956.5 |
|
|
$ |
2,184.1 |
|
|
$ |
2,635.9 |
|
|
$ |
1,212.7 |
|
|
$ |
(4,073.0 |
) |
|
$ |
1,959.7 |
|
|
Schedule of condensed consolidating statements of cash flows |
Condensed Consolidating Statements of Cash Flows
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
Year Ended September 30, 2017 |
|
Year Ended September 30, 2016 |
|
Year Ended September 30, 2015 |
|
Parent |
|
Guarantors |
|
Non-
Guarantors
|
|
Eliminations |
|
Consolidated |
|
Parent |
|
Guarantors |
|
Non-
Guarantors
|
|
Eliminations |
|
Consolidated |
|
Parent |
|
Guarantors |
|
Non-
Guarantors
|
|
Eliminations |
|
Consolidated |
Net cash provided by (used in) operating activities |
$ |
79.9 |
|
|
$ |
126.7 |
|
|
$ |
168.3 |
|
|
$ |
(128.7 |
) |
|
$ |
246.2 |
|
|
$ |
157.8 |
|
|
$ |
239.9 |
|
|
$ |
(49.5 |
) |
|
$ |
(110.0 |
) |
|
$ |
238.2 |
|
|
$ |
76.0 |
|
|
$ |
91.0 |
|
|
$ |
23.6 |
|
|
$ |
(85.6 |
) |
|
$ |
105.0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investing activities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Capital expenditures |
(0.7 |
) |
|
(9.7 |
) |
|
(11.6 |
) |
|
— |
|
|
(22.0 |
) |
|
(2.6 |
) |
|
(8.0 |
) |
|
(10.6 |
) |
|
— |
|
|
(21.2 |
) |
|
(1.1 |
) |
|
(14.5 |
) |
|
(15.4 |
) |
|
— |
|
|
(31.0 |
) |
Proceeds from property, plant, and equipment |
— |
|
|
5.3 |
|
|
0.4 |
|
|
— |
|
|
5.7 |
|
|
— |
|
|
1.6 |
|
|
0.4 |
|
|
— |
|
|
2.0 |
|
|
— |
|
|
2.8 |
|
|
— |
|
|
— |
|
|
2.8 |
|
Acquisition of business, net of cash acquired |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
(130.4 |
) |
|
(105.0 |
) |
|
— |
|
|
(235.4 |
) |
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Return of investment capital from affiliates |
3.2 |
|
|
— |
|
|
— |
|
|
— |
|
|
3.2 |
|
|
1.1 |
|
|
— |
|
|
— |
|
|
— |
|
|
1.1 |
|
|
1.5 |
|
|
— |
|
|
— |
|
|
— |
|
|
1.5 |
|
Other, net |
— |
|
|
(0.4 |
) |
|
— |
|
|
— |
|
|
(0.4 |
) |
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
(2.5 |
) |
|
(0.3 |
) |
|
— |
|
|
(2.8 |
) |
Net cash provided by (used in) investing activities |
2.5 |
|
|
(4.8 |
) |
|
(11.2 |
) |
|
— |
|
|
(13.5 |
) |
|
(1.5 |
) |
|
(136.8 |
) |
|
(115.2 |
) |
|
— |
|
|
(253.5 |
) |
|
0.4 |
|
|
(14.2 |
) |
|
(15.7 |
) |
|
— |
|
|
(29.5 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financing activities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Repayments on term loan |
(13.5 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(13.5 |
) |
|
(9.0 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(9.0 |
) |
|
(9.0 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(9.0 |
) |
Proceeds from revolving credit facility |
289.5 |
|
|
— |
|
|
529.8 |
|
|
— |
|
|
819.3 |
|
|
375.5 |
|
|
— |
|
|
344.3 |
|
|
— |
|
|
719.8 |
|
|
331.7 |
|
|
— |
|
|
98.5 |
|
|
— |
|
|
430.2 |
|
Repayments on revolving credit facility |
(296.5 |
) |
|
— |
|
|
(656.5 |
) |
|
— |
|
|
(953.0 |
) |
|
(457.5 |
) |
|
— |
|
|
(169.7 |
) |
|
— |
|
|
(627.2 |
) |
|
(441.8 |
) |
|
— |
|
|
(105.2 |
) |
|
— |
|
|
(547.0 |
) |
Proceeds from Series A unsecured notes, net of financing costs |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
99.6 |
|
|
— |
|
|
— |
|
|
— |
|
|
99.6 |
|
Payment of dividends - intercompany |
— |
|
|
(122.6 |
) |
|
(6.1 |
) |
|
128.7 |
|
|
— |
|
|
— |
|
|
(104.6 |
) |
|
(5.4 |
) |
|
110.0 |
|
|
— |
|
|
— |
|
|
(80.3 |
) |
|
(5.3 |
) |
|
85.6 |
|
|
— |
|
Payment of dividends on common stock |
(51.9 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(51.9 |
) |
|
(51.1 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(51.1 |
) |
|
(50.4 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(50.4 |
) |
Repurchases of common stock |
(28.0 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(28.0 |
) |
|
(21.2 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(21.2 |
) |
|
(11.2 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(11.2 |
) |
Net proceeds (payments) on stock plans |
13.7 |
|
|
— |
|
|
— |
|
|
— |
|
|
13.7 |
|
|
11.1 |
|
|
— |
|
|
— |
|
|
— |
|
|
11.1 |
|
|
3.4 |
|
|
— |
|
|
— |
|
|
— |
|
|
3.4 |
|
Other, net |
— |
|
|
— |
|
|
(1.7 |
) |
|
— |
|
|
(1.7 |
) |
|
— |
|
|
— |
|
|
(0.8 |
) |
|
— |
|
|
(0.8 |
) |
|
1.2 |
|
|
— |
|
|
— |
|
|
— |
|
|
1.2 |
|
Net cash (used in) provided by financing activities |
(86.7 |
) |
|
(122.6 |
) |
|
(134.5 |
) |
|
128.7 |
|
|
(215.1 |
) |
|
(152.2 |
) |
|
(104.6 |
) |
|
168.4 |
|
|
110.0 |
|
|
21.6 |
|
|
(76.5 |
) |
|
(80.3 |
) |
|
(12.0 |
) |
|
85.6 |
|
|
(83.2 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Effect of exchange rates on cash and cash equivalents |
— |
|
|
— |
|
|
(3.6 |
) |
|
— |
|
|
(3.6 |
) |
|
— |
|
|
— |
|
|
(2.6 |
) |
|
— |
|
|
(2.6 |
) |
|
— |
|
|
— |
|
|
(2.0 |
) |
|
— |
|
|
(2.0 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash flow |
(4.3 |
) |
|
(0.7 |
) |
|
19.0 |
|
|
— |
|
|
14.0 |
|
|
4.1 |
|
|
(1.5 |
) |
|
1.1 |
|
|
— |
|
|
3.7 |
|
|
(0.1 |
) |
|
(3.5 |
) |
|
(6.1 |
) |
|
— |
|
|
(9.7 |
) |
Cash and equivalents at beginning of period |
4.4 |
|
|
5.6 |
|
|
42.0 |
|
|
— |
|
|
52.0 |
|
|
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 |
|
|
$ |
4.9 |
|
|
$ |
61.0 |
|
|
$ |
— |
|
|
$ |
66.0 |
|
|
$ |
4.4 |
|
|
$ |
5.6 |
|
|
$ |
42.0 |
|
|
$ |
— |
|
|
$ |
52.0 |
|
|
$ |
0.3 |
|
|
$ |
7.1 |
|
|
$ |
40.9 |
|
|
$ |
— |
|
|
$ |
48.3 |
|
|