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- Condensed Consolidated Statement of Cash Flow (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Oct. 01, 2016
Sep. 26, 2015
Oct. 01, 2016
Sep. 26, 2015
Cash Flows From (For) Operating Activities        
Net income (loss) $ (1,590.2) $ 260.9 $ (2,653.7) $ 216.4
Adjustments to derive cash flows        
Loss on extinguishment of debt 0.7 0.0 1.1 0.9
Restructuring charges     17.9 3.1
Depreciation and amortization     338.4 252.9
Impairment charges 1,614.4 0.0 2,028.8 6.8
Tysabri® royalty stream - change in fair value 377.4 (173.8) 1,492.6 (205.4)
Share-based compensation     15.3 29.7
Loss on acquisition-related foreign currency derivatives     0.0 300.0
Amortization of financing fees and debt premium     (24.6) (8.5)
Deferred income taxes     (674.1) 13.1
Other non-cash adjustments     34.5 8.4
Subtotal     576.2 617.4
Increase (decrease) in cash due to:        
Accounts receivable     113.0 (8.4)
Inventories     25.1 (28.9)
Accounts payable     (57.7) (28.1)
Payroll and related taxes     (40.0) (26.6)
Accrued customer programs     (73.7) 25.9
Accrued liabilities     (90.0) 41.1
Accrued income taxes     5.2 11.3
Other     (9.4) 13.7
Subtotal     (127.5) 0.0
Net cash from (for) operating activities     448.7 617.4
Cash Flows From (For) Investing Activities        
Proceeds from royalty rights     259.5 250.3
Acquisitions of businesses, net of cash acquired     (436.8) (2,499.9)
Asset acquisitions     (65.1) (4.0)
Settlement of acquisition-related foreign currency derivatives     0.0 (304.8)
Additions to property and equipment     (84.6) (127.6)
Proceeds from sale of business     58.5 0.0
Other investing     (1.0) (2.7)
Net cash from (for) investing activities     (269.5) (2,688.7)
Cash Flows From (For) Financing Activities        
Issuances of long-term debt     1,190.3 0.0
Borrowings (repayments) of revolving credit agreements and other financing, net     (803.6) 27.6
Payments on long-term debt     (545.8) (903.3)
Deferred financing fees     (2.8) (3.3)
Premium on early debt retirement     (0.6) 0.0
Issuance of ordinary shares     8.2 6.2
Cash dividends     (62.4) (54.2)
Other financing     (17.4) (15.5)
Net cash from (for) financing activities     (234.1) (942.5)
Effect of exchange rate changes on cash and cash receipts     (0.2) (75.8)
Net increase (decrease) in cash and cash equivalents     (55.1) (3,089.6)
Cash and cash equivalents, beginning of period     417.8 3,596.1
Cash and cash equivalents, end of period 362.7 506.5 362.7 506.5
Previously Reported        
Cash Flows From (For) Operating Activities        
Net income (loss) (1,255.2) 112.6 (1,395.4) 74.2
Adjustments to derive cash flows        
Loss on extinguishment of debt 0.7 0.0 1.1 0.9
Restructuring charges     17.9 3.1
Depreciation and amortization     556.3 470.4
Impairment charges 1,679.9   2,127.1 0.0
Tysabri® royalty stream - change in fair value 0.0 0.0 0.0 0.0
Share-based compensation     16.1 29.7
Loss on acquisition-related foreign currency derivatives       300.0
Amortization of financing fees and debt premium     0.0 0.0
Deferred income taxes     (507.2) 7.7
Other non-cash adjustments     34.5 15.3
Subtotal     850.4 901.3
Increase (decrease) in cash due to:        
Accounts receivable     113.6 (30.9)
Inventories     (29.9) (28.6)
Accounts payable     (51.8) (6.5)
Payroll and related taxes     (40.0) (26.6)
Accrued customer programs     (74.7) 17.7
Accrued liabilities     (42.8) 46.7
Accrued income taxes     9.7 0.3
Other     (31.0) (6.7)
Subtotal     (146.9) (34.6)
Net cash from (for) operating activities     703.5 866.7
Cash Flows From (For) Investing Activities        
Proceeds from royalty rights     0.0 0.0
Acquisitions of businesses, net of cash acquired     (432.1) (2,499.9)
Asset acquisitions     (65.1) (4.0)
Settlement of acquisition-related foreign currency derivatives       (304.8)
Additions to property and equipment     (84.6) (127.6)
Proceeds from sale of business     58.5  
Other investing     (1.0) (2.7)
Net cash from (for) investing activities     (524.3) (2,939.0)
Cash Flows From (For) Financing Activities        
Issuances of long-term debt     1,190.3  
Borrowings (repayments) of revolving credit agreements and other financing, net     (803.6) 28.6
Payments on long-term debt     (545.8) (903.3)
Deferred financing fees     (2.8) (3.3)
Premium on early debt retirement     (0.6)  
Issuance of ordinary shares     8.2 6.2
Cash dividends     (62.4) (54.2)
Other financing     (17.4) (15.5)
Net cash from (for) financing activities     (234.1) (941.5)
Effect of exchange rate changes on cash and cash receipts     (0.2) (75.8)
Net increase (decrease) in cash and cash equivalents     (55.1) (3,089.6)
Cash and cash equivalents, beginning of period     417.8 3,596.1
Cash and cash equivalents, end of period 362.7 506.5 362.7 506.5
Adjustments | Tysabri®        
Cash Flows From (For) Operating Activities        
Net income (loss) (347.8) 142.2 (1,349.7) 155.3
Adjustments to derive cash flows        
Loss on extinguishment of debt 0.0 0.0 0.0 0.0
Restructuring charges     0.0 0.0
Depreciation and amortization     (217.5) (217.5)
Impairment charges 0.0   0.0 0.0
Tysabri® royalty stream - change in fair value 377.4 (173.8) 1,492.6 (205.4)
Share-based compensation     0.0 0.0
Loss on acquisition-related foreign currency derivatives       0.0
Amortization of financing fees and debt premium     0.0 0.0
Deferred income taxes     (192.8) 22.2
Other non-cash adjustments     0.0
Subtotal     (267.4) (245.4)
Increase (decrease) in cash due to:        
Accounts receivable     9.5 (3.1)
Inventories     0.0 0.0
Accounts payable     0.0 0.0
Payroll and related taxes     0.0 0.0
Accrued customer programs     0.0 0.0
Accrued liabilities     0.0 0.0
Accrued income taxes     0.0 0.0
Other     0.0 0.0
Subtotal     9.5 (3.1)
Net cash from (for) operating activities     (257.9) (248.5)
Cash Flows From (For) Investing Activities        
Proceeds from royalty rights     257.9 248.5
Acquisitions of businesses, net of cash acquired     0.0 0.0
Asset acquisitions     0.0 0.0
Settlement of acquisition-related foreign currency derivatives       0.0
Additions to property and equipment     0.0 0.0
Proceeds from sale of business     0.0  
Other investing     0.0 0.0
Net cash from (for) investing activities     257.9 248.5
Cash Flows From (For) Financing Activities        
Issuances of long-term debt     0.0  
Borrowings (repayments) of revolving credit agreements and other financing, net     0.0 0.0
Payments on long-term debt     0.0 0.0
Deferred financing fees     0.0 0.0
Premium on early debt retirement     0.0  
Issuance of ordinary shares     0.0 0.0
Cash dividends     0.0 0.0
Other financing     0.0 0.0
Net cash from (for) financing activities     0.0 0.0
Effect of exchange rate changes on cash and cash receipts     0.0 0.0
Net increase (decrease) in cash and cash equivalents     0.0 0.0
Cash and cash equivalents, beginning of period     0.0 0.0
Cash and cash equivalents, end of period 0.0 0.0 0.0 0.0
Adjustments | Other        
Cash Flows From (For) Operating Activities        
Net income (loss) 12.8 6.1 91.4 (13.1)
Adjustments to derive cash flows        
Loss on extinguishment of debt 0.0 0.0 0.0 0.0
Restructuring charges     0.0 0.0
Depreciation and amortization     (0.4) 0.0
Impairment charges (65.5)   (98.3) 6.8
Tysabri® royalty stream - change in fair value 0.0 0.0 0.0 0.0
Share-based compensation     (0.8) 0.0
Loss on acquisition-related foreign currency derivatives       0.0
Amortization of financing fees and debt premium     (24.6) (8.5)
Deferred income taxes     25.9 (16.8)
Other non-cash adjustments     0.0 (6.9)
Subtotal     (6.8) (38.5)
Increase (decrease) in cash due to:        
Accounts receivable     (10.1) 25.6
Inventories     55.0 (0.3)
Accounts payable     (5.9) (21.6)
Payroll and related taxes     0.0 0.0
Accrued customer programs     1.0 8.2
Accrued liabilities     (47.2) (5.6)
Accrued income taxes     (4.5) 11.0
Other     21.6 20.4
Subtotal     9.9 37.7
Net cash from (for) operating activities     3.1 (0.8)
Cash Flows From (For) Investing Activities        
Proceeds from royalty rights     1.6 1.8
Acquisitions of businesses, net of cash acquired     (4.7) 0.0
Asset acquisitions     0.0 0.0
Settlement of acquisition-related foreign currency derivatives       0.0
Additions to property and equipment     0.0 0.0
Proceeds from sale of business     0.0  
Other investing     0.0 0.0
Net cash from (for) investing activities     (3.1) 1.8
Cash Flows From (For) Financing Activities        
Issuances of long-term debt     0.0  
Borrowings (repayments) of revolving credit agreements and other financing, net     0.0 (1.0)
Payments on long-term debt     0.0 0.0
Deferred financing fees     0.0 0.0
Premium on early debt retirement     0.0  
Issuance of ordinary shares     0.0 0.0
Cash dividends     0.0 0.0
Other financing     0.0 0.0
Net cash from (for) financing activities     0.0 (1.0)
Effect of exchange rate changes on cash and cash receipts     0.0 0.0
Net increase (decrease) in cash and cash equivalents     0.0 0.0
Cash and cash equivalents, beginning of period     0.0 0.0
Cash and cash equivalents, end of period $ 0.0 $ 0.0 $ 0.0 $ 0.0