Schedule of condensed consolidating statements of income |
Condensed Consolidating Statements of Income
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
Year Ended September 30, 2018 |
|
Year Ended September 30, 2017 |
|
Year Ended September 30, 2016 |
|
Parent |
|
Guarantors |
|
Non-
Guarantors
|
|
Eliminations |
|
Consolidated |
|
Parent |
|
Guarantors |
|
Non-
Guarantors
|
|
Eliminations |
|
Consolidated |
|
Parent |
|
Guarantors |
|
Non-
Guarantors
|
|
Eliminations |
|
Consolidated |
Net revenue |
$ |
— |
|
|
$ |
937.0 |
|
|
$ |
1,052.9 |
|
|
$ |
(219.8 |
) |
|
$ |
1,770.1 |
|
|
$ |
— |
|
|
$ |
901.4 |
|
|
$ |
904.7 |
|
|
$ |
(215.9 |
) |
|
$ |
1,590.2 |
|
|
$ |
— |
|
|
$ |
846.8 |
|
|
$ |
892.8 |
|
|
$ |
(201.2 |
) |
|
$ |
1,538.4 |
|
Cost of goods sold |
— |
|
|
497.1 |
|
|
743.1 |
|
|
(113.0 |
) |
|
1,127.2 |
|
|
— |
|
|
467.3 |
|
|
647.4 |
|
|
(115.8 |
) |
|
998.9 |
|
|
— |
|
|
428.7 |
|
|
638.4 |
|
|
(99.3 |
) |
|
967.8 |
|
Gross profit |
— |
|
|
439.9 |
|
|
309.8 |
|
|
(106.8 |
) |
|
642.9 |
|
|
— |
|
|
434.1 |
|
|
257.3 |
|
|
(100.1 |
) |
|
591.3 |
|
|
— |
|
|
418.1 |
|
|
254.4 |
|
|
(101.9 |
) |
|
570.6 |
|
Operating expenses |
54.8 |
|
|
247.4 |
|
|
183.5 |
|
|
(106.8 |
) |
|
378.9 |
|
|
42.4 |
|
|
237.8 |
|
|
164.3 |
|
|
(100.1 |
) |
|
344.4 |
|
|
41.8 |
|
|
242.0 |
|
|
164.6 |
|
|
(101.9 |
) |
|
346.5 |
|
Amortization expense |
— |
|
|
13.4 |
|
|
16.8 |
|
|
— |
|
|
30.2 |
|
|
— |
|
|
13.5 |
|
|
15.7 |
|
|
— |
|
|
29.2 |
|
|
— |
|
|
13.0 |
|
|
20.0 |
|
|
— |
|
|
33.0 |
|
Impairment charge |
— |
|
|
63.4 |
|
|
— |
|
|
— |
|
|
63.4 |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Interest expense |
20.3 |
|
|
1.1 |
|
|
1.9 |
|
|
— |
|
|
23.3 |
|
|
21.8 |
|
|
— |
|
|
3.4 |
|
|
— |
|
|
25.2 |
|
|
22.7 |
|
|
0.2 |
|
|
2.4 |
|
|
— |
|
|
25.3 |
|
Other income (expense), net |
2.1 |
|
|
(2.7 |
) |
|
— |
|
|
— |
|
|
(0.6 |
) |
|
(0.6 |
) |
|
(3.4 |
) |
|
(0.2 |
) |
|
— |
|
|
(4.2 |
) |
|
(0.3 |
) |
|
(2.2 |
) |
|
0.8 |
|
|
— |
|
|
(1.7 |
) |
Equity in net income (loss) of subsidiaries |
139.3 |
|
|
9.1 |
|
|
— |
|
|
(148.4 |
) |
|
— |
|
|
164.4 |
|
|
8.2 |
|
|
— |
|
|
(172.6 |
) |
|
— |
|
|
144.4 |
|
|
10.2 |
|
|
— |
|
|
(154.6 |
) |
|
— |
|
Income (loss) before income taxes |
66.3 |
|
|
121.0 |
|
|
107.6 |
|
|
(148.4 |
) |
|
146.5 |
|
|
99.6 |
|
|
187.6 |
|
|
73.7 |
|
|
(172.6 |
) |
|
188.3 |
|
|
79.6 |
|
|
170.9 |
|
|
68.2 |
|
|
(154.6 |
) |
|
164.1 |
|
Income tax expense (benefit) |
(10.3 |
) |
|
48.3 |
|
|
27.3 |
|
|
— |
|
|
65.3 |
|
|
(26.6 |
) |
|
65.9 |
|
|
20.6 |
|
|
— |
|
|
59.9 |
|
|
(33.2 |
) |
|
62.4 |
|
|
18.1 |
|
|
— |
|
|
47.3 |
|
Consolidated net income |
76.6 |
|
|
72.7 |
|
|
80.3 |
|
|
(148.4 |
) |
|
81.2 |
|
|
126.2 |
|
|
121.7 |
|
|
53.1 |
|
|
(172.6 |
) |
|
128.4 |
|
|
112.8 |
|
|
108.5 |
|
|
50.1 |
|
|
(154.6 |
) |
|
116.8 |
|
Less: Net income attributable to noncontrolling interests |
— |
|
|
— |
|
|
4.6 |
|
|
— |
|
|
4.6 |
|
|
— |
|
|
— |
|
|
2.2 |
|
|
— |
|
|
2.2 |
|
|
— |
|
|
— |
|
|
4.0 |
|
|
— |
|
|
4.0 |
|
Net income (loss)(1)
|
$ |
76.6 |
|
|
$ |
72.7 |
|
|
$ |
75.7 |
|
|
$ |
(148.4 |
) |
|
$ |
76.6 |
|
|
$ |
126.2 |
|
|
$ |
121.7 |
|
|
$ |
50.9 |
|
|
$ |
(172.6 |
) |
|
$ |
126.2 |
|
|
$ |
112.8 |
|
|
$ |
108.5 |
|
|
$ |
46.1 |
|
|
$ |
(154.6 |
) |
|
$ |
112.8 |
|
Consolidated comprehensive income (loss) |
$ |
73.6 |
|
|
$ |
77.1 |
|
|
$ |
72.1 |
|
|
$ |
(145.3 |
) |
|
$ |
77.5 |
|
|
$ |
174.8 |
|
|
$ |
131.8 |
|
|
$ |
86.4 |
|
|
$ |
(215.8 |
) |
|
$ |
177.2 |
|
|
$ |
90.9 |
|
|
$ |
116.4 |
|
|
$ |
33.1 |
|
|
$ |
(145.8 |
) |
|
$ |
94.6 |
|
Less: Comprehensive income attributable to noncontrolling interests |
— |
|
|
— |
|
|
3.9 |
|
|
— |
|
|
3.9 |
|
|
— |
|
|
— |
|
|
2.4 |
|
|
— |
|
|
2.4 |
|
|
— |
|
|
— |
|
|
3.7 |
|
|
— |
|
|
3.7 |
|
Comprehensive income (loss)(2)
|
$ |
73.6 |
|
|
$ |
77.1 |
|
|
$ |
68.2 |
|
|
$ |
(145.3 |
) |
|
$ |
73.6 |
|
|
$ |
174.8 |
|
|
$ |
131.8 |
|
|
$ |
84.0 |
|
|
$ |
(215.8 |
) |
|
$ |
174.8 |
|
|
$ |
90.9 |
|
|
$ |
116.4 |
|
|
$ |
29.4 |
|
|
$ |
(145.8 |
) |
|
$ |
90.9 |
|
(1) Net income attributable to Hillenbrand
(2) Comprehensive income attributable to Hillenbrand
|
Schedule of condensed consolidating balance sheets |
Condensed Consolidating Balance Sheets
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2018 |
|
September 30, 2017 |
|
Parent |
|
Guarantors |
|
Non-
Guarantors
|
|
Eliminations |
|
Consolidated |
|
Parent |
|
Guarantors |
|
Non-
Guarantors
|
|
Eliminations |
|
Consolidated |
Cash and cash equivalents |
$ |
1.1 |
|
|
$ |
5.8 |
|
|
$ |
49.1 |
|
|
$ |
— |
|
|
$ |
56.0 |
|
|
$ |
0.1 |
|
|
$ |
4.9 |
|
|
$ |
61.0 |
|
|
$ |
— |
|
|
$ |
66.0 |
|
Trade receivables, net |
— |
|
|
124.5 |
|
|
94.0 |
|
|
— |
|
|
218.5 |
|
|
— |
|
|
114.5 |
|
|
91.6 |
|
|
— |
|
|
206.1 |
|
Receivables from long-term manufacturing contracts |
— |
|
|
5.3 |
|
|
115.0 |
|
|
— |
|
|
120.3 |
|
|
— |
|
|
8.5 |
|
|
116.7 |
|
|
— |
|
|
125.2 |
|
Inventories |
— |
|
|
76.7 |
|
|
98.6 |
|
|
(2.8 |
) |
|
172.5 |
|
|
— |
|
|
68.2 |
|
|
85.9 |
|
|
(2.5 |
) |
|
151.6 |
|
Prepaid expense |
2.7 |
|
|
7.0 |
|
|
15.5 |
|
|
— |
|
|
25.2 |
|
|
2.1 |
|
|
7.6 |
|
|
18.5 |
|
|
— |
|
|
28.2 |
|
Intercompany receivables |
— |
|
|
1,131.1 |
|
|
79.1 |
|
|
(1,210.2 |
) |
|
— |
|
|
— |
|
|
1,050.4 |
|
|
93.9 |
|
|
(1,144.3 |
) |
|
— |
|
Other current assets |
— |
|
|
3.2 |
|
|
14.6 |
|
|
0.3 |
|
|
18.1 |
|
|
0.2 |
|
|
1.6 |
|
|
14.4 |
|
|
0.3 |
|
|
16.5 |
|
Total current assets |
3.8 |
|
|
1,353.6 |
|
|
465.9 |
|
|
(1,212.7 |
) |
|
610.6 |
|
|
2.4 |
|
|
1,255.7 |
|
|
482.0 |
|
|
(1,146.5 |
) |
|
593.6 |
|
Property, plant, and equipment, net |
3.8 |
|
|
60.2 |
|
|
78.0 |
|
|
— |
|
|
142.0 |
|
|
4.7 |
|
|
64.5 |
|
|
81.2 |
|
|
— |
|
|
150.4 |
|
Intangible assets, net |
3.2 |
|
|
196.0 |
|
|
288.1 |
|
|
— |
|
|
487.3 |
|
|
3.6 |
|
|
211.3 |
|
|
309.0 |
|
|
— |
|
|
523.9 |
|
Goodwill |
— |
|
|
225.0 |
|
|
356.9 |
|
|
— |
|
|
581.9 |
|
|
— |
|
|
283.9 |
|
|
363.6 |
|
|
— |
|
|
647.5 |
|
Investment in consolidated subsidiaries |
2,263.1 |
|
|
653.9 |
|
|
— |
|
|
(2,917.0 |
) |
|
— |
|
|
2,298.0 |
|
|
664.1 |
|
|
— |
|
|
(2,962.1 |
) |
|
— |
|
Other assets |
15.7 |
|
|
28.2 |
|
|
5.9 |
|
|
(7.0 |
) |
|
42.8 |
|
|
20.2 |
|
|
29.0 |
|
|
4.4 |
|
|
(12.5 |
) |
|
41.1 |
|
Total Assets |
$ |
2,289.6 |
|
|
$ |
2,516.9 |
|
|
$ |
1,194.8 |
|
|
$ |
(4,136.7 |
) |
|
$ |
1,864.6 |
|
|
$ |
2,328.9 |
|
|
$ |
2,508.5 |
|
|
$ |
1,240.2 |
|
|
$ |
(4,121.1 |
) |
|
$ |
1,956.5 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Trade accounts payable |
$ |
— |
|
|
$ |
62.4 |
|
|
$ |
134.4 |
|
|
$ |
— |
|
|
$ |
196.8 |
|
|
$ |
1.0 |
|
|
$ |
36.7 |
|
|
$ |
120.0 |
|
|
$ |
0.3 |
|
|
$ |
158.0 |
|
Liabilities from long-term manufacturing contracts and advances |
— |
|
|
26.6 |
|
|
99.3 |
|
|
— |
|
|
125.9 |
|
|
— |
|
|
26.2 |
|
|
106.1 |
|
|
— |
|
|
132.3 |
|
Current portion of long-term debt |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
18.0 |
|
|
— |
|
|
0.8 |
|
|
— |
|
|
18.8 |
|
Accrued compensation |
7.2 |
|
|
20.1 |
|
|
44.6 |
|
|
— |
|
|
71.9 |
|
|
7.6 |
|
|
17.9 |
|
|
41.4 |
|
|
— |
|
|
66.9 |
|
Intercompany payables |
1,206.2 |
|
|
6.1 |
|
|
— |
|
|
(1,212.3 |
) |
|
— |
|
|
1,142.8 |
|
|
4.0 |
|
|
— |
|
|
(1,146.8 |
) |
|
— |
|
Other current liabilities |
19.4 |
|
|
38.9 |
|
|
78.1 |
|
|
0.7 |
|
|
137.1 |
|
|
14.0 |
|
|
42.2 |
|
|
79.3 |
|
|
0.2 |
|
|
135.7 |
|
Total current liabilities |
1,232.8 |
|
|
154.1 |
|
|
356.4 |
|
|
(1,211.6 |
) |
|
531.7 |
|
|
1,183.4 |
|
|
127.0 |
|
|
347.6 |
|
|
(1,146.3 |
) |
|
511.7 |
|
Long-term debt |
300.2 |
|
|
— |
|
|
44.4 |
|
|
— |
|
|
344.6 |
|
|
392.0 |
|
|
— |
|
|
54.9 |
|
|
— |
|
|
446.9 |
|
Accrued pension and postretirement healthcare |
0.7 |
|
|
29.8 |
|
|
90.0 |
|
|
— |
|
|
120.5 |
|
|
0.8 |
|
|
33.3 |
|
|
95.5 |
|
|
— |
|
|
129.6 |
|
Deferred income taxes |
0.7 |
|
|
22.9 |
|
|
60.9 |
|
|
(8.1 |
) |
|
76.4 |
|
|
— |
|
|
27.5 |
|
|
60.9 |
|
|
(12.7 |
) |
|
75.7 |
|
Other long-term liabilities |
24.1 |
|
|
14.3 |
|
|
8.9 |
|
|
— |
|
|
47.3 |
|
|
1.3 |
|
|
15.3 |
|
|
10.1 |
|
|
— |
|
|
26.7 |
|
Total Liabilities |
1,558.5 |
|
|
221.1 |
|
|
560.6 |
|
|
(1,219.7 |
) |
|
1,120.5 |
|
|
1,577.5 |
|
|
203.1 |
|
|
569.0 |
|
|
(1,159.0 |
) |
|
1,190.6 |
|
Total Hillenbrand Shareholders’ Equity |
731.1 |
|
|
2,295.8 |
|
|
621.2 |
|
|
(2,917.0 |
) |
|
731.1 |
|
|
751.4 |
|
|
2,305.4 |
|
|
656.7 |
|
|
(2,962.1 |
) |
|
751.4 |
|
Noncontrolling interests |
— |
|
|
— |
|
|
13.0 |
|
|
— |
|
|
13.0 |
|
|
— |
|
|
— |
|
|
14.5 |
|
|
— |
|
|
14.5 |
|
Total Equity |
731.1 |
|
|
2,295.8 |
|
|
634.2 |
|
|
(2,917.0 |
) |
|
744.1 |
|
|
751.4 |
|
|
2,305.4 |
|
|
671.2 |
|
|
(2,962.1 |
) |
|
765.9 |
|
Total Liabilities and Equity |
$ |
2,289.6 |
|
|
$ |
2,516.9 |
|
|
$ |
1,194.8 |
|
|
$ |
(4,136.7 |
) |
|
$ |
1,864.6 |
|
|
$ |
2,328.9 |
|
|
$ |
2,508.5 |
|
|
$ |
1,240.2 |
|
|
$ |
(4,121.1 |
) |
|
$ |
1,956.5 |
|
|
Schedule of condensed consolidating statements of cash flows |
Condensed Consolidating Statements of Cash Flows
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
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Year Ended September 30, 2018 |
|
Year Ended September 30, 2017 |
|
Year Ended September 30, 2016 |
|
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 |
$ |
221.6 |
|
|
$ |
127.8 |
|
|
$ |
23.2 |
|
|
$ |
(124.3 |
) |
|
$ |
248.3 |
|
|
$ |
79.9 |
|
|
$ |
126.7 |
|
|
$ |
168.3 |
|
|
$ |
(128.7 |
) |
|
$ |
246.2 |
|
|
$ |
157.8 |
|
|
$ |
239.9 |
|
|
$ |
(49.5 |
) |
|
$ |
(110.0 |
) |
|
$ |
238.2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investing activities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Capital expenditures |
(1.7 |
) |
|
(12.1 |
) |
|
(13.2 |
) |
|
— |
|
|
(27.0 |
) |
|
(0.7 |
) |
|
(9.7 |
) |
|
(11.6 |
) |
|
— |
|
|
(22.0 |
) |
|
(2.6 |
) |
|
(8.0 |
) |
|
(10.6 |
) |
|
— |
|
|
(21.2 |
) |
Proceeds from sales of property, plant, and equipment |
— |
|
|
3.4 |
|
|
0.3 |
|
|
— |
|
|
3.7 |
|
|
— |
|
|
5.3 |
|
|
0.4 |
|
|
— |
|
|
5.7 |
|
|
— |
|
|
1.6 |
|
|
0.4 |
|
|
— |
|
|
2.0 |
|
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 |
|
Other, net |
— |
|
|
0.1 |
|
|
0.1 |
|
|
— |
|
|
0.2 |
|
|
— |
|
|
(0.4 |
) |
|
— |
|
|
— |
|
|
(0.4 |
) |
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Net cash provided by (used in) investing activities |
(1.7 |
) |
|
(8.6 |
) |
|
(12.8 |
) |
|
— |
|
|
(23.1 |
) |
|
2.5 |
|
|
(4.8 |
) |
|
(11.2 |
) |
|
— |
|
|
(13.5 |
) |
|
(1.5 |
) |
|
(136.8 |
) |
|
(115.2 |
) |
|
— |
|
|
(253.5 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financing activities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Repayments on term loan |
(148.5 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(148.5 |
) |
|
(13.5 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(13.5 |
) |
|
(9.0 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(9.0 |
) |
Proceeds from revolving credit facility |
583.9 |
|
|
— |
|
|
510.1 |
|
|
— |
|
|
1,094.0 |
|
|
289.5 |
|
|
— |
|
|
529.8 |
|
|
— |
|
|
819.3 |
|
|
375.5 |
|
|
— |
|
|
344.3 |
|
|
— |
|
|
719.8 |
|
Repayments on revolving credit facility |
(548.3 |
) |
|
— |
|
|
(517.4 |
) |
|
— |
|
|
(1,065.7 |
) |
|
(296.5 |
) |
|
— |
|
|
(656.5 |
) |
|
— |
|
|
(953.0 |
) |
|
(457.5 |
) |
|
— |
|
|
(169.7 |
) |
|
— |
|
|
(627.2 |
) |
Payment of dividends - intercompany |
— |
|
|
(118.3 |
) |
|
(6.0 |
) |
|
124.3 |
|
|
— |
|
|
— |
|
|
(122.6 |
) |
|
(6.1 |
) |
|
128.7 |
|
|
— |
|
|
— |
|
|
(104.6 |
) |
|
(5.4 |
) |
|
110.0 |
|
|
— |
|
Payment of dividends on common stock |
(52.1 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(52.1 |
) |
|
(51.9 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(51.9 |
) |
|
(51.1 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(51.1 |
) |
Repurchases of common stock |
(61.0 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(61.0 |
) |
|
(28.0 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(28.0 |
) |
|
(21.2 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(21.2 |
) |
Net proceeds on stock plans |
7.1 |
|
|
— |
|
|
— |
|
|
— |
|
|
7.1 |
|
|
13.7 |
|
|
— |
|
|
— |
|
|
— |
|
|
13.7 |
|
|
11.1 |
|
|
— |
|
|
— |
|
|
— |
|
|
11.1 |
|
Other, net |
— |
|
|
— |
|
|
(6.3 |
) |
|
— |
|
|
(6.3 |
) |
|
— |
|
|
— |
|
|
(1.7 |
) |
|
— |
|
|
(1.7 |
) |
|
— |
|
|
— |
|
|
(0.8 |
) |
|
— |
|
|
(0.8 |
) |
Net cash (used in) provided by financing activities |
(218.9 |
) |
|
(118.3 |
) |
|
(19.6 |
) |
|
124.3 |
|
|
(232.5 |
) |
|
(86.7 |
) |
|
(122.6 |
) |
|
(134.5 |
) |
|
128.7 |
|
|
(215.1 |
) |
|
(152.2 |
) |
|
(104.6 |
) |
|
168.4 |
|
|
110.0 |
|
|
21.6 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Effect of exchange rates on cash and cash equivalents |
— |
|
|
— |
|
|
(2.7 |
) |
|
— |
|
|
(2.7 |
) |
|
— |
|
|
— |
|
|
(3.6 |
) |
|
— |
|
|
(3.6 |
) |
|
— |
|
|
— |
|
|
(2.6 |
) |
|
— |
|
|
(2.6 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash flows |
1.0 |
|
|
0.9 |
|
|
(11.9 |
) |
|
— |
|
|
(10.0 |
) |
|
(4.3 |
) |
|
(0.7 |
) |
|
19.0 |
|
|
— |
|
|
14.0 |
|
|
4.1 |
|
|
(1.5 |
) |
|
1.1 |
|
|
— |
|
|
3.7 |
|
Cash and equivalents at beginning 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 |
|
Cash and equivalents at end of period |
$ |
1.1 |
|
|
$ |
5.8 |
|
|
$ |
49.1 |
|
|
$ |
— |
|
|
$ |
56.0 |
|
|
$ |
0.1 |
|
|
$ |
4.9 |
|
|
$ |
61.0 |
|
|
$ |
— |
|
|
$ |
66.0 |
|
|
$ |
4.4 |
|
|
$ |
5.6 |
|
|
$ |
42.0 |
|
|
$ |
— |
|
|
$ |
52.0 |
|
|