Schedule of condensed consolidating balance sheets |
|
|
As of December 31, 2013
|
|
As of September 30, 2013
|
|
|
|
Parent
|
|
Guarantors
|
|
Non-
Guarantors
|
|
Eliminations
|
|
Consolidated
|
|
Parent
|
|
Guarantors
|
|
Non-
Guarantors
|
|
Eliminations
|
|
Consolidated
|
|
Cash and equivalents
|
|
$
|
1.2
|
|
$
|
9.0
|
|
$
|
52.1
|
|
$
|
—
|
|
$
|
62.3
|
|
$
|
0.6
|
|
$
|
8.7
|
|
$
|
33.4
|
|
$
|
—
|
|
$
|
42.7
|
|
Trade receivables, net
|
|
—
|
|
92.7
|
|
96.9
|
|
—
|
|
189.6
|
|
—
|
|
97.0
|
|
116.4
|
|
—
|
|
213.4
|
|
Unbilled receivables from long-term manufacturing contracts
|
|
—
|
|
9.6
|
|
121.4
|
|
—
|
|
131.0
|
|
—
|
|
15.2
|
|
126.9
|
|
—
|
|
142.1
|
|
Inventories
|
|
—
|
|
75.6
|
|
105.9
|
|
(2.9
|
)
|
178.6
|
|
—
|
|
72.4
|
|
107.8
|
|
(2.7
|
)
|
177.5
|
|
Deferred income taxes
|
|
9.1
|
|
11.4
|
|
2.9
|
|
—
|
|
23.4
|
|
9.1
|
|
8.3
|
|
4.9
|
|
—
|
|
22.3
|
|
Prepaid expense
|
|
1.5
|
|
4.6
|
|
22.8
|
|
—
|
|
28.9
|
|
1.0
|
|
4.4
|
|
15.0
|
|
—
|
|
20.4
|
|
Intercompany receivables
|
|
238.3
|
|
1,019.9
|
|
71.7
|
|
(1,329.9
|
)
|
—
|
|
222.5
|
|
1,011.3
|
|
33.3
|
|
(1,267.1
|
)
|
—
|
|
Other current assets
|
|
0.5
|
|
2.7
|
|
14.3
|
|
(0.8
|
)
|
16.7
|
|
0.4
|
|
4.3
|
|
17.0
|
|
(0.7
|
)
|
21.0
|
|
Total current assets
|
|
250.6
|
|
1,225.5
|
|
488.0
|
|
(1,333.6
|
)
|
630.5
|
|
233.6
|
|
1,221.6
|
|
454.7
|
|
(1,270.5
|
)
|
639.4
|
|
Property, plant and equipment, net
|
|
7.4
|
|
67.8
|
|
96.7
|
|
—
|
|
171.9
|
|
7.4
|
|
69.0
|
|
95.5
|
|
—
|
|
171.9
|
|
Intangible assets, net
|
|
2.6
|
|
191.6
|
|
361.9
|
|
—
|
|
556.1
|
|
2.7
|
|
194.3
|
|
361.6
|
|
—
|
|
558.6
|
|
Goodwill
|
|
—
|
|
209.1
|
|
390.3
|
|
—
|
|
599.4
|
|
—
|
|
209.3
|
|
376.5
|
|
—
|
|
585.8
|
|
Investment in consolidated subsidiaries
|
|
1,987.2
|
|
644.0
|
|
—
|
|
(2,631.2
|
)
|
—
|
|
1,938.9
|
|
644.0
|
|
—
|
|
(2,582.9
|
)
|
—
|
|
Other assets
|
|
13.1
|
|
19.4
|
|
13.5
|
|
—
|
|
46.0
|
|
13.9
|
|
19.0
|
|
15.5
|
|
(0.9
|
)
|
47.5
|
|
Total Assets
|
|
$
|
2,260.9
|
|
$
|
2,357.4
|
|
$
|
1,350.4
|
|
$
|
(3,964.8
|
)
|
$
|
2,003.9
|
|
$
|
2,196.5
|
|
$
|
2,357.2
|
|
$
|
1,303.8
|
|
$
|
(3,854.3
|
)
|
$
|
2,003.2
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Trade accounts payable
|
|
$
|
0.3
|
|
$
|
21.0
|
|
$
|
148.3
|
|
$
|
—
|
|
$
|
169.6
|
|
$
|
0.6
|
|
$
|
25.8
|
|
$
|
156.8
|
|
$
|
—
|
|
$
|
183.2
|
|
Liabilities from long-term manufacturing contracts and advances
|
|
—
|
|
13.8
|
|
83.3
|
|
—
|
|
97.1
|
|
—
|
|
12.3
|
|
68.6
|
|
—
|
|
80.9
|
|
Current portion of long-term debt
|
|
11.2
|
|
—
|
|
—
|
|
—
|
|
11.2
|
|
10.0
|
|
—
|
|
—
|
|
—
|
|
10.0
|
|
Accrued compensation
|
|
1.0
|
|
14.7
|
|
28.4
|
|
(0.8
|
)
|
43.3
|
|
3.6
|
|
22.3
|
|
33.7
|
|
—
|
|
59.6
|
|
Deferred income taxes
|
|
—
|
|
—
|
|
11.0
|
|
—
|
|
11.0
|
|
—
|
|
—
|
|
12.1
|
|
—
|
|
12.1
|
|
Intercompany payables
|
|
1,091.0
|
|
233.1
|
|
8.7
|
|
(1,332.8
|
)
|
—
|
|
1,048.1
|
|
221.7
|
|
—
|
|
(1,269.8
|
)
|
—
|
|
Other current liabilities
|
|
5.0
|
|
62.6
|
|
50.0
|
|
—
|
|
117.6
|
|
3.6
|
|
69.3
|
|
47.5
|
|
(0.7
|
)
|
119.7
|
|
Total current liabilities
|
|
1,108.5
|
|
345.2
|
|
329.7
|
|
(1,333.6
|
)
|
449.8
|
|
1,065.9
|
|
351.4
|
|
318.7
|
|
(1,270.5
|
)
|
465.5
|
|
Long-term debt
|
|
555.1
|
|
—
|
|
85.4
|
|
—
|
|
640.5
|
|
562.3
|
|
—
|
|
92.0
|
|
—
|
|
654.3
|
|
Accrued pension and postretirement healthcare
|
|
1.0
|
|
84.9
|
|
107.1
|
|
—
|
|
193.0
|
|
—
|
|
86.1
|
|
104.2
|
|
—
|
|
190.3
|
|
Deferred income taxes
|
|
—
|
|
21.8
|
|
52.2
|
|
—
|
|
74.0
|
|
—
|
|
46.2
|
|
30.1
|
|
(0.9
|
)
|
75.4
|
|
Other long-term liabilities
|
|
—
|
|
23.6
|
|
16.2
|
|
—
|
|
39.8
|
|
—
|
|
24.4
|
|
17.0
|
|
—
|
|
41.4
|
|
Total Liabilities
|
|
1,664.6
|
|
475.5
|
|
590.6
|
|
(1,333.6
|
)
|
1,397.1
|
|
1,628.2
|
|
508.1
|
|
562.0
|
|
(1,271.4
|
)
|
1,426.9
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Hillenbrand Shareholders’ Equity
|
|
596.3
|
|
1,881.9
|
|
749.3
|
|
(2,631.2
|
)
|
596.3
|
|
568.3
|
|
1,849.1
|
|
733.8
|
|
(2,582.9
|
)
|
568.3
|
|
Noncontrolling interests
|
|
—
|
|
—
|
|
10.5
|
|
—
|
|
10.5
|
|
—
|
|
—
|
|
8.0
|
|
—
|
|
8.0
|
|
Total Equity
|
|
596.3
|
|
1,881.9
|
|
759.8
|
|
(2,631.2
|
)
|
606.8
|
|
568.3
|
|
1,849.1
|
|
741.8
|
|
(2,582.9
|
)
|
576.3
|
|
Total Liabilities and Equity
|
|
$
|
2,260.9
|
|
$
|
2,357.4
|
|
$
|
1,350.4
|
|
$
|
(3,964.8
|
)
|
$
|
2,003.9
|
|
$
|
2,196.5
|
|
$
|
2,357.2
|
|
$
|
1,303.8
|
|
$
|
(3,854.3
|
)
|
$
|
2,003.2
|
|
|
Schedule of condensed consolidating statements of cash flows |
|
|
Three months ended December 31, 2013
|
|
Three months ended December 31, 2012
|
|
|
|
Parent
|
|
Guarantors
|
|
Non-
Guarantors
|
|
Eliminations
|
|
Consolidated
|
|
Parent
|
|
Guarantors
|
|
Non-
Guarantors
|
|
Eliminations
|
|
Consolidated
|
|
Net cash provided by (used in) operating activities
|
|
$
|
11.8
|
|
$
|
2.2
|
|
$
|
31.9
|
|
$
|
—
|
|
$
|
45.9
|
|
$
|
(12.1
|
)
|
$
|
26.9
|
|
$
|
4.9
|
|
$
|
—
|
|
$
|
19.7
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investing activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Capital expenditures
|
|
(0.3
|
)
|
(1.9
|
)
|
(3.4
|
)
|
—
|
|
(5.6
|
)
|
(0.9
|
)
|
(2.7
|
)
|
(2.0
|
)
|
—
|
|
(5.6
|
)
|
Proceeds from property, plant, and equipment
|
|
—
|
|
—
|
|
—
|
|
—
|
|
—
|
|
1.1
|
|
0.1
|
|
—
|
|
—
|
|
1.2
|
|
Proceeds from sales of investments
|
|
—
|
|
—
|
|
—
|
|
—
|
|
—
|
|
1.4
|
|
—
|
|
—
|
|
—
|
|
1.4
|
|
Acquisition of business, net of cash acquired
|
|
—
|
|
—
|
|
—
|
|
—
|
|
—
|
|
(404.2
|
)
|
(0.5
|
)
|
(10.9
|
)
|
—
|
|
(415.6
|
)
|
Other, net
|
|
(0.6
|
)
|
—
|
|
—
|
|
—
|
|
(0.6
|
)
|
—
|
|
—
|
|
—
|
|
—
|
|
—
|
|
Net cash used in investing activities
|
|
(0.9
|
)
|
(1.9
|
)
|
(3.4
|
)
|
—
|
|
(6.2
|
)
|
(402.6
|
)
|
(3.1
|
)
|
(12.9
|
)
|
—
|
|
(418.6
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financing activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from term loan
|
|
—
|
|
—
|
|
—
|
|
—
|
|
—
|
|
200.0
|
|
—
|
|
—
|
|
—
|
|
200.0
|
|
Repayments on term loan
|
|
(2.5
|
)
|
—
|
|
—
|
|
—
|
|
(2.5
|
)
|
(2.5
|
)
|
—
|
|
—
|
|
—
|
|
(2.5
|
)
|
Proceeds from revolving credit facilities, net of financing costs
|
|
76.5
|
|
—
|
|
17.7
|
|
—
|
|
94.2
|
|
484.1
|
|
—
|
|
51.2
|
|
—
|
|
535.3
|
|
Repayments on revolving credit facilities
|
|
(80.0
|
)
|
—
|
|
(25.9
|
)
|
—
|
|
(105.9
|
)
|
(238.0
|
)
|
—
|
|
—
|
|
—
|
|
(238.0
|
)
|
Payment of dividends on common stock
|
|
(12.4
|
)
|
—
|
|
—
|
|
—
|
|
(12.4
|
)
|
(12.1
|
)
|
—
|
|
—
|
|
—
|
|
(12.1
|
)
|
Net proceeds (payments) on stock plans
|
|
7.6
|
|
—
|
|
—
|
|
—
|
|
7.6
|
|
(2.7
|
)
|
—
|
|
—
|
|
—
|
|
(2.7
|
)
|
Other, net
|
|
0.5
|
|
—
|
|
(0.8
|
)
|
—
|
|
(0.3
|
)
|
—
|
|
—
|
|
—
|
|
—
|
|
—
|
|
Net cash (used in) provided by financing activities
|
|
(10.3
|
)
|
—
|
|
(9.0
|
)
|
—
|
|
(19.3
|
)
|
428.8
|
|
—
|
|
51.2
|
|
—
|
|
480.0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Effect of exchange rates on cash and cash equivalents
|
|
—
|
|
—
|
|
(0.8
|
)
|
—
|
|
(0.8
|
)
|
—
|
|
—
|
|
0.8
|
|
—
|
|
0.8
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash flow
|
|
0.6
|
|
0.3
|
|
18.7
|
|
—
|
|
19.6
|
|
14.1
|
|
23.8
|
|
44.0
|
|
—
|
|
81.9
|
|
Cash and equivalents at beginning of period
|
|
0.6
|
|
8.7
|
|
33.4
|
|
—
|
|
42.7
|
|
3.9
|
|
6.3
|
|
10.0
|
|
—
|
|
20.2
|
|
Cash and equivalents at end of period
|
|
$
|
1.2
|
|
$
|
9.0
|
|
$
|
52.1
|
|
$
|
—
|
|
$
|
62.3
|
|
$
|
18.0
|
|
$
|
30.1
|
|
$
|
54.0
|
|
$
|
—
|
|
$
|
102.1
|
|
|