XML 72 R49.htm IDEA: XBRL DOCUMENT v3.7.0.1
Supplemental Guarantor Information (Tables)
3 Months Ended
Mar. 31, 2017
Supplemental Guarantor Information [Abstract]  
Condensed Balance Sheet [Table Text Block]
Condensed Consolidating Balance Sheets
As of March 31, 2017
 
Parent
 
Combined
Guarantor
Subsidiaries
 
Combined
Non-Guarantor
Subsidiaries
 
Reclassifications/
Eliminations
 
Consolidated
ASSETS
Current assets
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
19.0

 
$
2.2

 
$
468.9

 
$

 
$
490.1

Short-term investments

 

 
77.7

 

 
77.7

Trade receivables, net
143.2

 
0.4

 
737.0

 

 
880.6

Intercompany receivables
755.4

 
925.1

 
1,782.8

 
(3,463.3
)
 

Inventories
150.3

 

 
610.8

 

 
761.1

Prepaid expenses
11.9

 
1.1

 
50.6

 

 
63.6

Income taxes
20.3

 
4.1

 
102.2

 
(4.1
)
 
122.5

Other current assets
3.9

 
1.4

 
200.6

 

 
205.9

Total current assets
1,104.0

 
934.3

 
4,030.6

 
(3,467.4
)
 
2,601.5

Securities and other investments
94.5

 

 

 

 
94.5

Property, plant and equipment, net
101.1

 
3.7

 
277.4

 

 
382.2

Goodwill
55.5

 

 
956.2

 

 
1,011.7

Deferred income taxes
167.4

 
7.8

 
137.1

 

 
312.3

Finance lease receivables

 
4.1

 
18.8

 

 
22.9

Intangible assets, net
1.0

 
12.3

 
740.2

 

 
753.5

Investment in subsidiary
2,645.4

 

 
16.3

 
(2,661.7
)
 

Other assets
4.6

 
0.1

 
61.3

 

 
66.0

Total assets
$
4,173.5

 
$
962.3

 
$
6,237.9

 
$
(6,129.1
)
 
$
5,244.6

 
 
 
 
 
 
 
 
 
 
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY
Current liabilities
 
 
 
 
 
 
 
 
 
Notes payable
$
52.4

 
$
1.0

 
$
24.3

 
$

 
$
77.7

Accounts payable
96.9

 
0.4

 
443.9

 

 
541.2

Intercompany payable
1,313.3

 
181.4

 
1,968.6

 
(3,463.3
)
 

Deferred revenue
119.2

 
0.5

 
370.3

 

 
490.0

Payroll and other benefits liabilities
19.9

 
0.8

 
148.3

 

 
169.0

Other current liabilities
113.2

 
2.7

 
456.5

 
(4.1
)
 
568.3

Total current liabilities
1,714.9

 
186.8

 
3,411.9

 
(3,467.4
)
 
1,846.2

Long-term debt
1,689.0

 
0.3

 
0.4

 

 
1,689.7

Pensions, post-retirement and other benefits
211.8

 

 
80.8

 

 
292.6

Deferred income taxes
13.4

 

 
276.9

 

 
290.3

Other liabilities
11.3

 

 
96.7

 

 
108.0

Commitments and contingencies
 
 
 
 
 
 
 
 
 
Redeemable noncontrolling interests

 

 
449.9

 

 
449.9

Total Diebold Nixdorf, Incorporated shareholders' equity
533.1

 
775.2

 
1,886.5

 
(2,661.7
)
 
533.1

Noncontrolling interests

 

 
34.8

 

 
34.8

Total liabilities, redeemable noncontrolling interests and equity
$
4,173.5

 
$
962.3

 
$
6,237.9

 
$
(6,129.1
)
 
$
5,244.6

Condensed Consolidating Balance Sheets
As of December 31, 2016
 
Parent
 
Combined
Guarantor
Subsidiaries
 
Combined
Non-Guarantor
Subsidiaries
 
Reclassifications/
Eliminations
 
Consolidated
ASSETS
Current assets
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
138.4

 
$
2.3

 
$
512.0

 
$

 
$
652.7

Short-term investments

 

 
64.1

 

 
64.1

Trade receivables, net
119.0

 

 
717.5

 
(0.6
)
 
835.9

Intercompany receivables
883.0

 
783.7

 
480.1

 
(2,146.8
)
 

Inventories
110.5

 
16.2

 
611.0

 

 
737.7

Prepaid expenses
14.7

 
0.8

 
45.2

 

 
60.7

Income taxes
0.3

 
25.4

 
84.9

 
(25.4
)
 
85.2

Other current assets
3.2

 
1.6

 
178.5

 

 
183.3

Total current assets
1,269.1

 
830.0

 
2,693.3

 
(2,172.8
)
 
2,619.6

Securities and other investments
94.7

 

 

 

 
94.7

Property, plant and equipment, net
102.7

 
9.0

 
275.3

 

 
387.0

Goodwill
55.5

 

 
942.8

 

 
998.3

Deferred income taxes
173.1

 
7.8

 
128.6

 

 
309.5

Finance lease receivables

 
4.8

 
20.4

 

 
25.2

Intangible assets, net
1.8

 
13.6

 
757.5

 

 
772.9

Investment in subsidiary
2,619.6

 

 
9.3

 
(2,628.9
)
 

Other assets
2.9

 
0.1

 
60.1

 

 
63.1

Total assets
$
4,319.4

 
$
865.3

 
$
4,887.3

 
$
(4,801.7
)
 
$
5,270.3

 
 
 
 
 
 
 
 
 
 
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY
Current liabilities
 
 
 
 
 
 
 
 
 
Notes payable
$
30.9

 
$
1.3

 
$
74.7

 
$

 
$
106.9

Accounts payable
101.6

 
1.1

 
458.4

 
(0.6
)
 
560.5

Intercompany payable
1,376.6

 
175.9

 
594.3

 
(2,146.8
)
 

Deferred revenue
114.7

 
0.7

 
288.8

 

 
404.2

Payroll and other benefits liabilities
21.0

 
1.4

 
150.1

 

 
172.5

Other current liabilities
156.1

 
3.9

 
445.8

 
(25.4
)
 
580.4

Total current liabilities
1,800.9

 
184.3

 
2,012.1

 
(2,172.8
)
 
1,824.5

Long-term debt
1,690.5

 
0.4

 
0.5

 

 
1,691.4

Pensions, post-retirement and other benefits
212.6

 

 
84.6

 

 
297.2

Deferred income taxes
13.4

 

 
287.2

 

 
300.6

Other liabilities
10.6

 

 
77.1

 

 
87.7

Commitments and contingencies
 
 
 
 
 
 
 
 
 
Redeemable noncontrolling interests

 

 
44.1

 

 
44.1

Total Diebold Nixdorf, Incorporated shareholders' equity
591.4

 
680.6

 
1,948.3

 
(2,628.9
)
 
591.4

Noncontrolling interests

 

 
433.4

 

 
433.4

Total liabilities, redeemable noncontrolling interests and equity
$
4,319.4

 
$
865.3

 
$
4,887.3

 
$
(4,801.7
)
 
$
5,270.3

Condensed Income Statement [Table Text Block]
Condensed Consolidating Statement of Operations and Comprehensive Income (Loss)
Three Months Ended March 31, 2017
 
Parent
 
Combined
Guarantor
Subsidiaries
 
Combined
Non-Guarantor
Subsidiaries
 
Reclassifications/
Eliminations
 
Consolidated
 
 
 
 
 
 
 
 
 
 
Net sales
$
251.2

 
$
4.9

 
$
851.0

 
$
(4.3
)
 
$
1,102.8

Cost of sales
199.8

 
5.9

 
658.9

 
(4.3
)
 
860.3

Gross profit
51.4

 
(1.0
)
 
192.1

 

 
242.5

Selling and administrative expense
67.1

 
2.9

 
177.0

 

 
247.0

Research, development and engineering expense
(0.1
)
 
9.8

 
31.7

 

 
41.4

Impairment of assets
3.1

 

 

 

 
3.1

(Gain) loss on sale of assets, net

 
0.1

 
(0.5
)
 

 
(0.4
)
 
70.1

 
12.8

 
208.2

 

 
291.1

Operating profit (loss)
(18.7
)
 
(13.8
)
 
(16.1
)
 

 
(48.6
)
Other income (expense)
 
 
 
 
 
 
 
 
 
Interest income
0.5

 
0.1

 
5.8

 

 
6.4

Interest expense
(30.0
)
 

 
0.2

 
(1.0
)
 
(30.8
)
Foreign exchange gain (loss), net

 

 
(3.1
)
 

 
(3.1
)
Equity in earnings of subsidiaries
(26.4
)
 

 

 
26.4

 

Miscellaneous, net
0.7

 
1.9

 
(1.3
)
 

 
1.3

Income (loss) from continuing operations before taxes
(73.9
)
 
(11.8
)
 
(14.5
)
 
25.4

 
(74.8
)
Income tax (benefit) expense
(15.1
)
 
(4.1
)
 
(3.4
)
 

 
(22.6
)
Income (loss) from continuing operations, net of tax
(58.8
)
 
(7.7
)
 
(11.1
)
 
25.4

 
(52.2
)
Income (loss) from discontinued operations, net of tax

 

 

 

 

Net income (loss)
(58.8
)
 
(7.7
)
 
(11.1
)
 
25.4

 
(52.2
)
Net income attributable to noncontrolling interests

 

 
6.6

 

 
6.6

Net income (loss) attributable to Diebold Nixdorf, Incorporated
$
(58.8
)
 
$
(7.7
)
 
$
(17.7
)
 
$
25.4

 
$
(58.8
)
Comprehensive income (loss)
$
(13.9
)
 
$
(7.7
)
 
$
46.2

 
$
(31.9
)
 
$
(7.3
)
Less: comprehensive income (loss) attributable to noncontrolling interests

 

 
6.6

 

 
6.6

Comprehensive income (loss) attributable to Diebold Nixdorf, Incorporated
$
(13.9
)
 
$
(7.7
)
 
$
39.6

 
$
(31.9
)
 
$
(13.9
)

Condensed Consolidating Statement of Operations and Comprehensive Income (Loss)
Three Months Ended March 31, 2016
 
Parent
 
Combined
Guarantor
Subsidiaries
 
Combined
Non-Guarantor
Subsidiaries
 
Reclassifications/
Eliminations
 
Consolidated
 
 
 
 
 
 
 
 
 
 
Net sales
$
261.3

 
$
25.7

 
$
247.9

 
$
(25.3
)
 
$
509.6

Cost of sales
190.7

 
26.9

 
178.1

 
(24.9
)
 
370.8

Gross profit
70.6

 
(1.2
)
 
69.8

 
(0.4
)
 
138.8

Selling and administrative expense
78.1

 
2.6

 
44.9

 

 
125.6

Research, development and engineering expense
1.3

 
12.1

 
5.1

 

 
18.5

(Gain) loss on sale of assets, net

 
0.1

 
0.3

 

 
0.4

 
79.4

 
14.8

 
50.3

 

 
144.5

Operating profit (loss)
(8.8
)
 
(16.0
)
 
19.5

 
(0.4
)
 
(5.7
)
Other income (expense)
 
 
 
 
 
 
 
 
 
Interest income
0.1

 
0.2

 
4.6

 

 
4.9

Interest expense
(11.3
)
 
(0.1
)
 
(0.1
)
 

 
(11.5
)
Foreign exchange gain (loss), net
(1.7
)
 

 
(0.7
)
 

 
(2.4
)
Equity in earnings of subsidiaries
15.7

 

 

 
(15.7
)
 

Miscellaneous, net
33.2

 
1.5

 
(0.1
)
 

 
34.6

Income (loss) from continuing operations before taxes
27.2

 
(14.4
)
 
23.2

 
(16.1
)
 
19.9

Income tax (benefit) expense
(3.0
)
 
(2.8
)
 
5.0

 

 
(0.8
)
Income (loss) from continuing operations, net of tax
30.2

 
(11.6
)
 
18.2

 
(16.1
)
 
20.7

Income (loss) from discontinued operations, net of tax
138.0

 

 
9.8

 

 
147.8

Net income (loss)
168.2

 
(11.6
)
 
28.0

 
(16.1
)
 
168.5

Net income attributable to noncontrolling interests

 

 
0.3

 

 
0.3

Net income (loss) attributable to Diebold Nixdorf, Incorporated
$
168.2

 
$
(11.6
)
 
$
27.7

 
$
(16.1
)
 
$
168.2

Comprehensive income (loss)
$
196.0

 
$
(9.4
)
 
$
60.7

 
$
(48.8
)
 
$
198.5

Less: comprehensive income (loss) attributable to noncontrolling interests

 

 
0.4

 

 
0.4

Comprehensive income (loss) attributable to Diebold Nixdorf, Incorporated
$
196.0

 
$
(9.4
)
 
$
60.3

 
$
(48.8
)
 
$
198.1












Condensed Cash Flow Statement [Table Text Block]
Condensed Consolidating Statement of Cash Flows
Three Months Ended March 31, 2017
 
Parent
 
Combined
Guarantor
Subsidiaries
 
Combined
Non-Guarantor
Subsidiaries
 
Reclassifications/
Eliminations
 
Consolidated
Net cash used by operating activities
$
(111.5
)
 
$
(2.2
)
 
$
4.2

 
$
43.1

 
$
(66.4
)
 
 
 
 
 
 
 
 
 
 
Cash flow from investing activities
 
 
 
 
 
 
 
 
 
Proceeds from maturities of investments
0.8

 

 
84.1

 

 
84.9

Payments for purchases of investments

 

 
(95.1
)
 

 
(95.1
)
Proceeds from sale of assets

 

 
2.0

 

 
2.0

Capital expenditures
(1.8
)
 

 
(10.3
)
 

 
(12.1
)
Increase in certain other assets
(4.9
)
 
4.2

 
(8.0
)
 

 
(8.7
)
Capital contributions and loans paid
(164.7
)
 

 

 
164.7

 

Proceeds from intercompany loans
162.3

 

 

 
(162.3
)
 

Net cash (used) provided by investing activities - continuing operations
(8.3
)
 
4.2

 
(27.3
)
 
2.4

 
(29.0
)
Net cash provided by investing activities - discontinued operations

 

 

 

 

Net cash (used) provided by investing activities
(8.3
)
 
4.2

 
(27.3
)
 
2.4

 
(29.0
)
 
 
 
 
 
 
 
 
 
 
Cash flow from financing activities
 
 
 
 
 
 
 
 
 
Dividends paid
(7.6
)
 

 

 

 
(7.6
)
Debt issuance costs

 

 

 

 

Revolving credit facility borrowings (repayments), net
20.0

 

 

 

 
20.0

Other debt borrowings

 

 
62.2

 
(43.1
)
 
19.1

Other debt repayments
(7.8
)
 
(0.3
)
 
(75.9
)
 

 
(84.0
)
Distributions to noncontrolling interest holders

 

 
(15.7
)
 

 
(15.7
)
Excess tax benefits from share-based compensation
0.1

 

 

 

 
0.1

Issuance of common shares
0.3

 

 

 

 
0.3

Repurchase of common shares
(4.6
)
 

 

 

 
(4.6
)
Capital contributions received and loans incurred

 
17.8

 
146.9

 
(164.7
)
 

Payments on intercompany loans

 
(19.6
)
 
(142.7
)
 
162.3

 

Net cash provided (used) by financing activities
0.4

 
(2.1
)
 
(25.2
)
 
(45.5
)
 
(72.4
)
Effect of exchange rate changes on cash and cash equivalents

 

 
5.2

 

 
5.2

Increase (decrease) in cash and cash equivalents
(119.4
)
 
(0.1
)
 
(43.1
)
 

 
(162.6
)
Cash and cash equivalents at the beginning of the period
138.4

 
2.3

 
512.0

 

 
652.7

Cash and cash equivalents at the end of the period
$
19.0

 
$
2.2

 
$
468.9

 
$

 
$
490.1


Condensed Consolidating Statement of Cash Flows
Three Months Ended March 31, 2016
 
Parent
 
Combined
Guarantor
Subsidiaries
 
Combined
Non-Guarantor
Subsidiaries
 
Reclassifications/
Eliminations
 
Consolidated
Net cash used by operating activities
$
(113.2
)
 
$
(23.4
)
 
$
21.4

 
$

 
$
(115.2
)
 
 
 
 
 
 
 
 
 
 
Cash flow from investing activities
 
 
 
 
 
 
 
 
 
Proceeds from maturities of investments
1.0

 

 
34.1

 

 
35.1

Payments for purchases of investments

 

 
(39.5
)
 

 
(39.5
)
Proceeds from sale of assets

 

 
0.2

 

 
0.2

Capital expenditures
(1.4
)
 
(0.4
)
 
(2.9
)
 

 
(4.7
)
Increase in certain other assets
(12.2
)
 
(1.5
)
 
8.8

 

 
(4.9
)
Capital contributions and loans paid
(53.0
)
 

 

 
53.0

 

Proceeds from intercompany loans
47.1

 

 

 
(47.1
)
 

Net cash (used) provided by investing activities - continuing operations
(18.5
)
 
(1.9
)
 
0.7

 
5.9

 
(13.8
)
Net cash provided by investing activities - discontinued operations
365.1

 

 

 

 
365.1

Net cash (used) provided by investing activities
346.6

 
(1.9
)
 
0.7

 
5.9

 
351.3

 
 
 
 
 
 
 
 
 
 
Cash flow from financing activities
 
 
 
 
 
 
 
 
 
Dividends paid
(18.8
)
 

 

 

 
(18.8
)
Debt issuance costs
(0.8
)
 

 

 

 
(0.8
)
Restricted cash, net
(116.1
)
 

 

 

 
(116.1
)
Revolving credit facility borrowings (repayments), net
73.1

 

 

 

 
73.1

Other debt borrowings

 

 
17.3

 

 
17.3

Other debt repayments
(177.7
)
 
(0.2
)
 
(20.1
)
 

 
(198.0
)
Distributions to noncontrolling interest holders

 

 
(2.0
)
 

 
(2.0
)
Repurchase of common shares
(1.7
)
 

 

 

 
(1.7
)
Capital contributions received and loans incurred

 
49.9

 
3.1

 
(53.0
)
 

Payments on intercompany loans

 
(29.5
)
 
(17.6
)
 
47.1

 

Net cash provided (used) by financing activities
(242.0
)
 
20.2

 
(19.3
)
 
(5.9
)
 
(247.0
)
Effect of exchange rate changes on cash and cash equivalents

 

 
3.4

 

 
3.4

(Decrease) increase in cash and cash equivalents
(8.6
)
 
(5.1
)
 
6.2

 

 
(7.5
)
Add: Cash overdraft included in assets held for sale at beginning of period
(1.5
)
 

 

 

 
(1.5
)
Cash and cash equivalents at the beginning of the period
20.3

 
7.9

 
285.4

 

 
313.6

Cash and cash equivalents at the end of the period
$
10.2

 
$
2.8

 
$
291.6

 
$

 
$
304.6