| Condensed Consolidating Information |
Condensed Consolidating Information
Certain 100% owned domestic subsidiaries of Hillenbrand fully and unconditionally, jointly and severally, agreed to guarantee all of the indebtedness and guarantee obligations relating to obligations under its senior unsecured notes. The following are the condensed consolidating financial statements, including the guarantors, which present the statements of operations, 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 Operations
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Three Months Ended March 31, 2020 |
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Three Months Ended March 31, 2019 |
|
Parent |
|
Guarantors |
|
Non-
Guarantors
|
|
Eliminations |
|
Consolidated |
|
Parent |
|
Guarantors |
|
Non-
Guarantors
|
|
Eliminations |
|
Consolidated |
Net revenue |
$ |
— |
|
|
$ |
212.6 |
|
|
$ |
493.2 |
|
|
$ |
(56.9 |
) |
|
$ |
648.9 |
|
|
$ |
— |
|
|
$ |
230.6 |
|
|
$ |
294.1 |
|
|
$ |
(60.1 |
) |
|
$ |
464.6 |
|
Cost of goods sold |
— |
|
|
117.2 |
|
|
367.8 |
|
|
(29.8 |
) |
|
455.2 |
|
|
— |
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|
126.8 |
|
|
210.0 |
|
|
(33.1 |
) |
|
303.7 |
|
Gross profit |
— |
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|
95.4 |
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|
125.4 |
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(27.1 |
) |
|
193.7 |
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— |
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|
103.8 |
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|
84.1 |
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(27.0 |
) |
|
160.9 |
|
Operating expenses |
15.0 |
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57.6 |
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90.5 |
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(27.1 |
) |
|
136.0 |
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13.7 |
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|
60.9 |
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|
46.1 |
|
|
(27.0 |
) |
|
93.7 |
|
Amortization expense |
— |
|
|
3.4 |
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|
20.6 |
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|
— |
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|
24.0 |
|
|
— |
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|
3.4 |
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|
5.2 |
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|
— |
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|
8.6 |
|
Impairment charges |
— |
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|
54.7 |
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27.8 |
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— |
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82.5 |
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— |
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|
— |
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— |
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— |
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— |
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Interest expense |
0.3 |
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|
0.2 |
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|
20.4 |
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— |
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|
20.9 |
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|
4.7 |
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|
0.1 |
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|
0.6 |
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|
— |
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|
5.4 |
|
Other (expense) income, net |
(0.5 |
) |
|
(0.7 |
) |
|
0.5 |
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— |
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(0.7 |
) |
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(0.2 |
) |
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(0.1 |
) |
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0.4 |
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— |
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|
0.1 |
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Equity in net income of subsidiaries |
(43.7 |
) |
|
2.5 |
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— |
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|
41.2 |
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— |
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51.4 |
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3.5 |
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— |
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(54.9 |
) |
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— |
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(Loss) income before income taxes |
(59.5 |
) |
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(18.7 |
) |
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(33.4 |
) |
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41.2 |
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(70.4 |
) |
|
32.8 |
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42.8 |
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32.6 |
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(54.9 |
) |
|
53.3 |
|
Income tax expense (benefit) |
14.5 |
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|
(5.2 |
) |
|
(7.5 |
) |
|
— |
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|
1.8 |
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|
(5.2 |
) |
|
10.6 |
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|
8.4 |
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|
— |
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|
13.8 |
|
Consolidated net (loss) income |
(74.0 |
) |
|
(13.5 |
) |
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(25.9 |
) |
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41.2 |
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(72.2 |
) |
|
38.0 |
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|
32.2 |
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24.2 |
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(54.9 |
) |
|
39.5 |
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Less: Net income attributable to |
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noncontrolling interests |
— |
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— |
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|
1.8 |
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|
— |
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|
1.8 |
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— |
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|
— |
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|
1.5 |
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|
— |
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|
1.5 |
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Net (loss) income attributable to Hillenbrand |
$ |
(74.0 |
) |
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$ |
(13.5 |
) |
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$ |
(27.7 |
) |
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$ |
41.2 |
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|
$ |
(74.0 |
) |
|
$ |
38.0 |
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$ |
32.2 |
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$ |
22.7 |
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$ |
(54.9 |
) |
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$ |
38.0 |
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Consolidated comprehensive (loss) income |
$ |
(105.6 |
) |
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$ |
(15.1 |
) |
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$ |
(55.3 |
) |
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$ |
71.7 |
|
|
$ |
(104.3 |
) |
|
$ |
30.5 |
|
|
$ |
32.4 |
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$ |
19.6 |
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|
$ |
(50.5 |
) |
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$ |
32.0 |
|
Less: Comprehensive income attributable |
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to noncontrolling interests |
— |
|
|
— |
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|
1.3 |
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|
— |
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|
1.3 |
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|
— |
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|
— |
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|
1.5 |
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|
— |
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|
1.5 |
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Comprehensive (loss) income attributable to Hillenbrand |
$ |
(105.6 |
) |
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$ |
(15.1 |
) |
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$ |
(56.6 |
) |
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$ |
71.7 |
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$ |
(105.6 |
) |
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$ |
30.5 |
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$ |
32.4 |
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$ |
18.1 |
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$ |
(50.5 |
) |
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$ |
30.5 |
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Six Months Ended March 31, 2020 |
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Six Months Ended March 31, 2019 |
|
Parent |
|
Guarantors |
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Non-
Guarantors
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Eliminations |
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Consolidated |
|
Parent |
|
Guarantors |
|
Non-
Guarantors
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|
Eliminations |
|
Consolidated |
Net revenue |
$ |
— |
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|
$ |
418.1 |
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$ |
910.2 |
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$ |
(112.5 |
) |
|
$ |
1,215.8 |
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|
$ |
— |
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|
$ |
446.7 |
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$ |
541.9 |
|
|
$ |
(113.7 |
) |
|
$ |
874.9 |
|
Cost of goods sold |
— |
|
|
234.9 |
|
|
674.1 |
|
|
(58.7 |
) |
|
850.3 |
|
|
— |
|
|
242.6 |
|
|
384.4 |
|
|
(60.0 |
) |
|
567.0 |
|
Gross profit |
— |
|
|
183.2 |
|
|
236.1 |
|
|
(53.8 |
) |
|
365.5 |
|
|
— |
|
|
204.1 |
|
|
157.5 |
|
|
(53.7 |
) |
|
307.9 |
|
Operating expenses |
63.6 |
|
|
116.1 |
|
|
167.5 |
|
|
(53.8 |
) |
|
293.4 |
|
|
23.9 |
|
|
122.3 |
|
|
91.9 |
|
|
(53.7 |
) |
|
184.4 |
|
Amortization expense |
— |
|
|
6.7 |
|
|
32.1 |
|
|
— |
|
|
38.8 |
|
|
— |
|
|
6.7 |
|
|
9.7 |
|
|
— |
|
|
16.4 |
|
Impairment charges |
— |
|
|
54.7 |
|
|
27.8 |
|
|
— |
|
|
82.5 |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Interest expense |
5.5 |
|
|
0.2 |
|
|
29.9 |
|
|
— |
|
|
35.6 |
|
|
9.2 |
|
|
0.1 |
|
|
1.6 |
|
|
— |
|
|
10.9 |
|
Other income (expense), net |
0.4 |
|
|
(1.6 |
) |
|
2.4 |
|
|
— |
|
|
1.2 |
|
|
(0.5 |
) |
|
(0.1 |
) |
|
1.2 |
|
|
— |
|
|
0.6 |
|
Equity in net income of subsidiaries |
(18.1 |
) |
|
4.3 |
|
|
— |
|
|
13.8 |
|
|
— |
|
|
93.4 |
|
|
5.7 |
|
|
— |
|
|
(99.1 |
) |
|
— |
|
(Loss) income before income taxes |
(86.8 |
) |
|
8.2 |
|
|
(18.8 |
) |
|
13.8 |
|
|
(83.6 |
) |
|
59.8 |
|
|
80.6 |
|
|
55.5 |
|
|
(99.1 |
) |
|
96.8 |
|
Income tax (benefit) expense |
(9.7 |
) |
|
1.0 |
|
|
(1.9 |
) |
|
— |
|
|
(10.6 |
) |
|
(6.5 |
) |
|
20.5 |
|
|
14.3 |
|
|
— |
|
|
28.3 |
|
Consolidated net (loss) income |
(77.1 |
) |
|
7.2 |
|
|
(16.9 |
) |
|
13.8 |
|
|
(73.0 |
) |
|
66.3 |
|
|
60.1 |
|
|
41.2 |
|
|
(99.1 |
) |
|
68.5 |
|
Less: Net income attributable to |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
noncontrolling interests |
— |
|
|
— |
|
|
4.1 |
|
|
— |
|
|
4.1 |
|
|
— |
|
|
— |
|
|
2.2 |
|
|
— |
|
|
2.2 |
|
Net (loss) income attributable to Hillenbrand |
$ |
(77.1 |
) |
|
$ |
7.2 |
|
|
$ |
(21.0 |
) |
|
$ |
13.8 |
|
|
$ |
(77.1 |
) |
|
$ |
66.3 |
|
|
$ |
60.1 |
|
|
$ |
39.0 |
|
|
$ |
(99.1 |
) |
|
$ |
66.3 |
|
Consolidated comprehensive (loss) income |
$ |
(88.8 |
) |
|
$ |
3.8 |
|
|
$ |
(29.4 |
) |
|
$ |
29.1 |
|
|
$ |
(85.3 |
) |
|
$ |
48.7 |
|
|
$ |
60.2 |
|
|
$ |
31.4 |
|
|
$ |
(89.2 |
) |
|
$ |
51.1 |
|
Less: Comprehensive income attributable |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
to noncontrolling interests |
— |
|
|
— |
|
|
3.5 |
|
|
— |
|
|
3.5 |
|
|
— |
|
|
— |
|
|
2.4 |
|
|
— |
|
|
2.4 |
|
Comprehensive (loss) income attributable to Hillenbrand |
$ |
(88.8 |
) |
|
$ |
3.8 |
|
|
$ |
(32.9 |
) |
|
$ |
29.1 |
|
|
$ |
(88.8 |
) |
|
$ |
48.7 |
|
|
$ |
60.2 |
|
|
$ |
29.0 |
|
|
$ |
(89.2 |
) |
|
$ |
48.7 |
|
Condensed Consolidating Balance Sheets
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March 31, 2020 |
|
September 30, 2019 |
|
Parent |
|
Guarantors |
|
Non-
Guarantors
|
|
Eliminations |
|
Consolidated |
|
Parent |
|
Guarantors |
|
Non-
Guarantors
|
|
Eliminations |
|
Consolidated |
Cash and cash equivalents |
$ |
145.3 |
|
|
$ |
11.5 |
|
|
$ |
217.2 |
|
|
$ |
— |
|
|
$ |
374.0 |
|
|
$ |
283.1 |
|
|
$ |
9.6 |
|
|
$ |
106.3 |
|
|
$ |
— |
|
|
$ |
399.0 |
|
Trade receivables, net |
— |
|
|
92.3 |
|
|
200.5 |
|
|
— |
|
|
292.8 |
|
|
— |
|
|
113.6 |
|
|
103.8 |
|
|
— |
|
|
217.4 |
|
Receivables from long-term manufacturing contracts |
— |
|
|
13.2 |
|
|
174.1 |
|
|
— |
|
|
187.3 |
|
|
— |
|
|
9.8 |
|
|
171.3 |
|
|
— |
|
|
181.1 |
|
Inventories, net |
— |
|
|
78.2 |
|
|
347.9 |
|
|
(2.8 |
) |
|
423.3 |
|
|
— |
|
|
78.2 |
|
|
101.2 |
|
|
(2.8 |
) |
|
176.6 |
|
Intercompany receivables |
— |
|
|
1,135.2 |
|
|
149.9 |
|
|
(1,285.1 |
) |
|
— |
|
|
— |
|
|
1,179.7 |
|
|
— |
|
|
(1,179.7 |
) |
|
— |
|
Prepaid expenses and other current assets |
4.6 |
|
|
25.3 |
|
|
54.8 |
|
|
2.0 |
|
|
86.7 |
|
|
2.5 |
|
|
6.1 |
|
|
40.1 |
|
|
0.4 |
|
|
49.1 |
|
Total current assets |
149.9 |
|
|
1,355.7 |
|
|
1,144.4 |
|
|
(1,285.9 |
) |
|
1,364.1 |
|
|
285.6 |
|
|
1,397.0 |
|
|
522.7 |
|
|
(1,182.1 |
) |
|
1,023.2 |
|
Property, plant and equipment, net |
3.7 |
|
|
60.8 |
|
|
284.2 |
|
|
— |
|
|
348.7 |
|
|
3.8 |
|
|
61.2 |
|
|
75.3 |
|
|
— |
|
|
140.3 |
|
Operating lease right-of-use assets |
0.7 |
|
|
13.2 |
|
|
151.1 |
|
|
— |
|
|
165.0 |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Intangible assets, net |
2.3 |
|
|
174.3 |
|
|
924.7 |
|
|
— |
|
|
1,101.3 |
|
|
2.4 |
|
|
181.4 |
|
|
271.1 |
|
|
— |
|
|
454.9 |
|
Goodwill |
— |
|
|
170.3 |
|
|
963.2 |
|
|
— |
|
|
1,133.5 |
|
|
— |
|
|
225.0 |
|
|
353.0 |
|
|
— |
|
|
578.0 |
|
Investment in consolidated subsidiaries |
3,947.1 |
|
|
654.1 |
|
|
— |
|
|
(4,601.2 |
) |
|
— |
|
|
2,266.4 |
|
|
655.2 |
|
|
— |
|
|
(2,921.6 |
) |
|
— |
|
Other long-term assets |
49.9 |
|
|
27.4 |
|
|
27.7 |
|
|
(26.9 |
) |
|
78.1 |
|
|
33.8 |
|
|
20.5 |
|
|
3.1 |
|
|
(25.2 |
) |
|
32.2 |
|
Total Assets |
$ |
4,153.6 |
|
|
$ |
2,455.8 |
|
|
$ |
3,495.3 |
|
|
$ |
(5,914.0 |
) |
|
$ |
4,190.7 |
|
|
$ |
2,592.0 |
|
|
$ |
2,540.3 |
|
|
$ |
1,225.2 |
|
|
$ |
(4,128.9 |
) |
|
$ |
2,228.6 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Trade accounts payable |
$ |
3.9 |
|
|
$ |
60.4 |
|
|
$ |
233.6 |
|
|
$ |
— |
|
|
$ |
297.9 |
|
|
$ |
2.6 |
|
|
$ |
59.0 |
|
|
$ |
174.6 |
|
|
$ |
— |
|
|
$ |
236.2 |
|
Liabilities from long-term manufacturing contracts and advances |
— |
|
|
13.0 |
|
|
163.6 |
|
|
— |
|
|
176.6 |
|
|
— |
|
|
13.5 |
|
|
144.7 |
|
|
— |
|
|
158.2 |
|
Current portion of long-term debt |
45.3 |
|
|
— |
|
|
1.4 |
|
|
— |
|
|
46.7 |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Accrued compensation |
3.0 |
|
|
13.3 |
|
|
61.9 |
|
|
— |
|
|
78.2 |
|
|
6.9 |
|
|
20.8 |
|
|
45.5 |
|
|
— |
|
|
73.2 |
|
Intercompany payables |
1,287.9 |
|
|
— |
|
|
— |
|
|
(1,287.9 |
) |
|
— |
|
|
1,167.0 |
|
|
10.2 |
|
|
5.3 |
|
|
(1,182.5 |
) |
|
— |
|
Other current liabilities |
26.2 |
|
|
54.8 |
|
|
124.5 |
|
|
0.3 |
|
|
205.8 |
|
|
19.2 |
|
|
45.0 |
|
|
67.1 |
|
|
(9.6 |
) |
|
121.7 |
|
Total current liabilities |
1,366.3 |
|
|
141.5 |
|
|
585.0 |
|
|
(1,287.6 |
) |
|
805.2 |
|
|
1,195.7 |
|
|
148.5 |
|
|
437.2 |
|
|
(1,192.1 |
) |
|
589.3 |
|
Long-term debt |
1,754.8 |
|
|
— |
|
|
71.8 |
|
|
— |
|
|
1,826.6 |
|
|
619.5 |
|
|
— |
|
|
— |
|
|
— |
|
|
619.5 |
|
Accrued pension and postretirement healthcare |
0.9 |
|
|
30.4 |
|
|
126.6 |
|
|
— |
|
|
157.9 |
|
|
0.8 |
|
|
32.1 |
|
|
98.4 |
|
|
— |
|
|
131.3 |
|
Operating lease liabilities |
0.4 |
|
|
10.3 |
|
|
120.1 |
|
|
— |
|
|
130.8 |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Deferred income taxes |
— |
|
|
12.0 |
|
|
200.7 |
|
|
(25.2 |
) |
|
187.5 |
|
|
— |
|
|
24.0 |
|
|
64.8 |
|
|
(15.2 |
) |
|
73.6 |
|
Other long-term liabilities |
22.2 |
|
|
14.7 |
|
|
18.8 |
|
|
— |
|
|
55.7 |
|
|
21.9 |
|
|
12.5 |
|
|
10.7 |
|
|
— |
|
|
45.1 |
|
Total Liabilities |
3,144.6 |
|
|
208.9 |
|
|
1,123.0 |
|
|
(1,312.8 |
) |
|
3,163.7 |
|
|
1,837.9 |
|
|
217.1 |
|
|
611.1 |
|
|
(1,207.3 |
) |
|
1,458.8 |
|
Hillenbrand Shareholders’ Equity |
1,009.0 |
|
|
2,246.9 |
|
|
2,354.3 |
|
|
(4,601.2 |
) |
|
1,009.0 |
|
|
754.1 |
|
|
2,323.2 |
|
|
598.4 |
|
|
(2,921.6 |
) |
|
754.1 |
|
Noncontrolling interests |
— |
|
|
— |
|
|
18.0 |
|
|
— |
|
|
18.0 |
|
|
— |
|
|
— |
|
|
15.7 |
|
|
— |
|
|
15.7 |
|
Total Shareholders’ Equity |
1,009.0 |
|
|
2,246.9 |
|
|
2,372.3 |
|
|
(4,601.2 |
) |
|
1,027.0 |
|
|
754.1 |
|
|
2,323.2 |
|
|
614.1 |
|
|
(2,921.6 |
) |
|
769.8 |
|
Total Liabilities and Shareholders’ Equity |
$ |
4,153.6 |
|
|
$ |
2,455.8 |
|
|
$ |
3,495.3 |
|
|
$ |
(5,914.0 |
) |
|
$ |
4,190.7 |
|
|
$ |
2,592.0 |
|
|
$ |
2,540.3 |
|
|
$ |
1,225.2 |
|
|
$ |
(4,128.9 |
) |
|
$ |
2,228.6 |
|
Condensed Consolidating Statements of Cash Flows
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended March 31, 2020 |
|
Six Months Ended March 31, 2019 |
|
Parent |
|
Guarantors |
|
Non-
Guarantors
|
|
Eliminations |
|
Consolidated |
|
Parent |
|
Guarantors |
|
Non-
Guarantors
|
|
Eliminations |
|
Consolidated |
|
Net cash provided by (used in)
operating activities
|
$ |
2.0 |
|
|
$ |
103.2 |
|
|
$ |
42.6 |
|
|
$ |
(102.5 |
) |
|
$ |
45.3 |
|
|
$ |
(4.7 |
) |
|
$ |
103.0 |
|
|
$ |
54.6 |
|
|
$ |
(106.4 |
) |
|
$ |
46.5 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investing activities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Capital expenditures |
(0.7 |
) |
|
(5.3 |
) |
|
(9.0 |
) |
|
— |
|
|
(15.0 |
) |
|
(0.4 |
) |
|
(3.6 |
) |
|
(4.3 |
) |
|
— |
|
|
(8.3 |
) |
|
Proceeds from sales of property, plant, and
equipment
|
— |
|
|
0.1 |
|
|
13.2 |
|
|
— |
|
|
13.3 |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
Acquisition of businesses, net of cash
acquired
|
(1,503.1 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(1,503.1 |
) |
|
— |
|
|
— |
|
|
(26.2 |
) |
|
— |
|
|
(26.2 |
) |
|
Proceeds from divestiture, net of cash
divested
|
222.4 |
|
|
|
|
|
|
|
|
222.4 |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Other, net |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
0.1 |
|
|
— |
|
|
— |
|
|
0.1 |
|
|
Net cash (used in) provided by investing
activities
|
(1,281.4 |
) |
|
(5.2 |
) |
|
4.2 |
|
|
— |
|
|
(1,282.4 |
) |
|
(0.4 |
) |
|
(3.5 |
) |
|
(30.5 |
) |
|
— |
|
|
(34.4 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financing activities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from issuance of long-term debt |
725.0 |
|
|
— |
|
|
— |
|
|
— |
|
|
725.0 |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Repayments on long-term debt |
(9.1 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(9.1 |
) |
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Proceeds from revolving credit facilities |
804.0 |
|
|
— |
|
|
278.8 |
|
|
— |
|
|
1,082.8 |
|
|
164.0 |
|
|
— |
|
|
178.0 |
|
|
— |
|
|
342.0 |
|
Repayments on revolving credit facilities |
(338.0 |
) |
|
— |
|
|
(206.7 |
) |
|
— |
|
|
(544.7 |
) |
|
(130.8 |
) |
|
— |
|
|
(193.0 |
) |
|
— |
|
|
(323.8 |
) |
Payment of deferred financing costs |
(7.0 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(7.0 |
) |
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Payment of dividends - intercompany |
— |
|
|
(96.1 |
) |
|
(6.4 |
) |
|
102.5 |
|
|
— |
|
|
— |
|
|
(100.0 |
) |
|
(6.4 |
) |
|
106.4 |
|
|
— |
|
Payment of dividends on common stock |
(31.7 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(31.7 |
) |
|
(26.2 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(26.2 |
) |
Proceeds from stock option exercises |
0.2 |
|
|
— |
|
|
— |
|
|
— |
|
|
0.2 |
|
|
1.4 |
|
|
— |
|
|
— |
|
|
— |
|
|
1.4 |
|
|
Payments for employee taxes on net
settlement equity awards
|
(1.8 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(1.8 |
) |
|
(4.2 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(4.2 |
) |
Other, net |
— |
|
|
— |
|
|
(1.1 |
) |
|
— |
|
|
(1.1 |
) |
|
— |
|
|
— |
|
|
(0.5 |
) |
|
— |
|
|
(0.5 |
) |
|
Net cash provided by (used in)
financing activities
|
1,141.6 |
|
|
(96.1 |
) |
|
64.6 |
|
|
102.5 |
|
|
1,212.6 |
|
|
4.2 |
|
|
(100.0 |
) |
|
(21.9 |
) |
|
106.4 |
|
|
(11.3 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Effect of exchange rates on cash and
cash equivalents
|
— |
|
|
— |
|
|
(0.5 |
) |
|
— |
|
|
(0.5 |
) |
|
— |
|
|
— |
|
|
2.1 |
|
|
— |
|
|
2.1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash flow |
(137.8 |
) |
|
1.9 |
|
|
110.9 |
|
|
— |
|
|
(25.0 |
) |
|
(0.9 |
) |
|
(0.5 |
) |
|
4.3 |
|
|
— |
|
|
2.9 |
|
|
Cash, cash equivalents and restricted cash at
beginning of period
|
283.1 |
|
|
9.6 |
|
|
106.7 |
|
|
— |
|
|
399.4 |
|
|
1.1 |
|
|
5.8 |
|
|
49.6 |
|
|
— |
|
|
56.5 |
|
|
Cash, cash equivalents and restricted cash at
end of period
|
$ |
145.3 |
|
|
$ |
11.5 |
|
|
$ |
217.6 |
|
|
$ |
— |
|
|
$ |
374.4 |
|
|
$ |
0.2 |
|
|
$ |
5.3 |
|
|
$ |
53.9 |
|
|
$ |
— |
|
|
$ |
59.4 |
|
|