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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities:    
Net income (loss) $ 327.2 $ 112.0
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 137.8 48.7
(Gain) loss on early extinguishment of debt 40.0  
Amortization of deferred financing costs and debt issuance discount 25.0 45.7
(Income) loss from equity method investments 5.7 5.8
Loss (gain) on remeasurement of foreign denominated transactions 31.1 (22.0)
Amortization of defined benefit pension and postretirement items   (2.4)
Net losses (gains) on derivatives 50.1 154.5
Net losses (gains) on refranchisings and dispositions of assets (5.8) 11.8
Bad debt expense (recoveries), net 0.9 0.9
Share-based compensation expense 36.9 9.5
Acquisition accounting impact on cost of sales 0.5  
Deferred income taxes (114.8) (59.1)
Changes in current assets and liabilities, excluding acquisitions and dispositions:    
Reclassification of restricted cash to cash and cash equivalents 79.2  
Trade and notes receivable 35.4 10.0
Inventories and other current assets (5.1) 10.8
Accounts and drafts payable 138.8 1.8
Accrued advertising 29.8 (22.2)
Other accrued liabilities 172.2 88.0
Other long-term assets and liabilities (34.5) (18.2)
Net cash provided by operating activities 950.4 375.6
Cash flows from investing activities:    
Payments for property and equipment (82.9) (10.7)
Proceeds (payments) from refranchisings, disposition of assets and restaurant closures 16.9 (6.6)
Return of investment on direct financing leases 12.1 11.6
Settlement of derivatives, net 11.8  
Other investing activities, net 2.1 (0.2)
Net cash provided by (used for) investing activities (40.0) (9.8)
Cash flows from financing activities:    
Proceeds from Senior Notes 1,250.0  
Repayments of term debt, Tim Hortons Notes and capital leases (2,610.6) (57.3)
Payment of financing costs (81.3)  
Distributions on partnership units (238.8)  
Dividends paid on common stock   (77.4)
Proceeds from stock option exercises   0.1
Proceeds from issuance of shares   0.2
Capital distributions to RBI Inc. (0.1)  
Other financing activities (3.9)  
Net cash provided by (used for) financing activities (1,684.7) (134.4)
Effect of exchange rates on cash and cash equivalents (57.2) (4.6)
Increase (decrease) in cash and cash equivalents (831.5) 226.8
Cash and cash equivalents at beginning of period 1,803.2 786.9
Cash and cash equivalents at end of period 971.7 1,013.7
Supplemental cashflow disclosures:    
Interest paid 285.8 82.4
Income taxes paid 91.8 $ 28.5
Non-cash investing and financing activities:    
Acquisition of property with capital lease obligations $ 10.4