| Condensed Financial Statements [Text Block] |
SUPPLEMENTAL GUARANTOR INFORMATION
The Company issued the 2024 Senior Notes in an offering exempt from the registration requirements of the Securities Act of 1933 in connection with the Acquisition. The 2024 Senior Notes are and will be guaranteed by certain of the Company's existing and future subsidiaries. The following presents the condensed consolidating financial information separately for:
| | (i) | Diebold Nixdorf, Incorporated (the Parent Company), the issuer of the guaranteed obligations; |
| | (ii) | Guarantor subsidiaries, on a combined basis, as specified in the Indenture, as supplemented; |
| | (iii) | Non-guarantor subsidiaries, on a combined basis; |
| | (iv) | Consolidating entries and eliminations representing adjustments to (a) eliminate intercompany transactions between the Parent Company, the guarantor subsidiaries and the non-guarantor subsidiaries, (b) eliminate the investments in our subsidiaries, and (c) record consolidating entries; and |
| | (v) | Diebold Nixdorf, Incorporated and subsidiaries on a consolidated basis. |
Each guarantor subsidiary is 100 percent owned by the Parent Company at the date of each balance sheet presented. The 2024 Senior Notes are fully and unconditionally guaranteed on a joint and several basis by each guarantor subsidiary. The guarantees of the guarantor subsidiaries are subject to release in limited circumstances only upon the occurrence of certain customary conditions. Each entity in the consolidating financial information follows the same accounting policies as described in the consolidated financial statements, except for the use by the Parent Company and the guarantor subsidiaries of the equity method of accounting to reflect ownership interests in subsidiaries which are eliminated upon consolidation. Changes in intercompany receivables and payables related to operations, such as intercompany sales or service charges, are included in cash flows from operating activities. Intercompany transactions reported as investing or financing activities include the sale of capital stock of various subsidiaries, loans and other capital transactions between members of the consolidated group.
Certain non-guarantor subsidiaries of the Parent Company are limited in their ability to remit funds to it by means of dividends, advances or loans due to required foreign government and/or currency exchange board approvals or limitations in credit agreements or other debt instruments of those subsidiaries.
The Company has reclassified certain assets and liabilities from its non-guarantor subsidiaries to the Parent Company as a result of a common control transaction in connection with the Company's integration efforts of the Acquisition to optimize its operations. The Company also reclassified certain assets and liabilities for inclusion of an additional wholly-owned domestic subsidiary from its non-guarantor subsidiaries to the combined guarantor subsidiaries as a result of changes included in the Sixth Amendment.
Condensed Consolidating Balance Sheets As of December 31, 2018 | | | | | | | | | | | | | | | | | | | | | | Parent | | Combined Guarantor Subsidiaries | | Combined Non-Guarantor Subsidiaries | | Reclassifications/ Eliminations | | Consolidated | ASSETS | Current assets | | | | | | | | | | Cash, cash equivalents and restricted cash | $ | 17.3 |
| | $ | 2.7 |
| | $ | 438.4 |
| | $ | — |
| | $ | 458.4 |
| Short-term investments | — |
| | — |
| | 33.5 |
| | — |
| | 33.5 |
| Trade receivables, net | 105.7 |
| | 0.1 |
| | 631.4 |
| | — |
| | 737.2 |
| Intercompany receivables | 205.3 |
| | 606.3 |
| | 425.1 |
| | (1,236.7 | ) | | — |
| Inventories | 164.8 |
| | — |
| | 445.3 |
| | — |
| | 610.1 |
| Prepaid expenses | 16.4 |
| | 0.1 |
| | 40.9 |
| | — |
| | 57.4 |
| Other current assets | 20.4 |
| | 12.5 |
| | 299.6 |
| | (25.7 | ) | | 306.8 |
| Total current assets | 529.9 |
| | 621.7 |
| | 2,314.2 |
| | (1,262.4 | ) | | 2,203.4 |
| Securities and other investments | 22.4 |
| | — |
| | — |
| | — |
| | 22.4 |
| Property, plant and equipment, net | 76.9 |
| | 0.8 |
| | 226.4 |
| | — |
| | 304.1 |
| Deferred income taxes | 139.9 |
| | 6.2 |
| | 97.8 |
| | — |
| | 243.9 |
| Goodwill | 58.1 |
| | — |
| | 769.0 |
| | — |
| | 827.1 |
| Intangible assets, net | 30.8 |
| | — |
| | 593.8 |
| | — |
| | 624.6 |
| Investment in subsidiaries | 2,702.1 |
| | — |
| | — |
| | (2,702.1 | ) | | — |
| Other assets | 30.2 |
| | 0.4 |
| | 69.3 |
| | (13.5 | ) | | 86.4 |
| Total assets | $ | 3,590.3 |
| | $ | 629.1 |
| | $ | 4,070.5 |
| | $ | (3,978.0 | ) | | $ | 4,311.9 |
| | | | | | | | | | | LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY | Current liabilities | | | | | | | | | | Notes payable | $ | 25.7 |
| | $ | 0.1 |
| | $ | 23.7 |
| | $ | — |
| | $ | 49.5 |
| Accounts payable | 88.1 |
| | — |
| | 421.4 |
| | — |
| | 509.5 |
| Intercompany payable | 1,030.8 |
| | 60.8 |
| | 145.1 |
| | (1,236.7 | ) | | — |
| Deferred revenue | 116.6 |
| | 0.1 |
| | 261.5 |
| | — |
| | 378.2 |
| Payroll and other benefits liabilities | 26.7 |
| | 1.3 |
| | 156.3 |
| | — |
| | 184.3 |
| Other current liabilities | 114.2 |
| | 1.5 |
| | 352.4 |
| | (21.2 | ) | | 446.9 |
| Total current liabilities | 1,402.1 |
| | 63.8 |
| | 1,360.4 |
| | (1,257.9 | ) | | 1,568.4 |
| Long-term debt | 2,172.5 |
| | — |
| | 17.5 |
| | — |
| | 2,190.0 |
| Pensions, post-retirements and other benefits | 183.7 |
| | — |
| | 90.1 |
| | — |
| | 273.8 |
| Deferred income taxes | 10.0 |
| | — |
| | 211.6 |
| | — |
| | 221.6 |
| Other long-term liabilities | 8.4 |
| | — |
| | 96.9 |
| | (18.0 | ) | | 87.3 |
| Commitments and contingencies | | | | | | | | | | Redeemable noncontrolling interests | — |
| | — |
| | 130.4 |
| | — |
| | 130.4 |
| Total Diebold Nixdorf, Incorporated shareholders' equity | (186.4 | ) | | 565.3 |
| | 2,136.8 |
| | (2,702.1 | ) | | (186.4 | ) | Noncontrolling interests | — |
| | — |
| | 26.8 |
| | — |
| | 26.8 |
| Total liabilities and equity | $ | 3,590.3 |
| | $ | 629.1 |
| | $ | 4,070.5 |
| | $ | (3,978.0 | ) | | $ | 4,311.9 |
|
Condensed Consolidating Balance Sheets As of December 31, 2017 | | | | | | | | | | | | | | | | | | | | | | Parent | | Combined Guarantor Subsidiaries | | Combined Non-Guarantor Subsidiaries | | Reclassifications/ Eliminations | | Consolidated | ASSETS | Current assets | | | | | | | | | | Cash, cash equivalents and restricted cash | $ | 58.5 |
| | $ | 2.3 |
| | $ | 482.4 |
| | $ | — |
| | $ | 543.2 |
| Short-term investments | — |
| | — |
| | 81.4 |
| | — |
| | 81.4 |
| Trade receivables, net | 140.7 |
| | 1.4 |
| | 685.8 |
| | — |
| | 827.9 |
| Intercompany receivables | 106.7 |
| | 638.4 |
| | 384.0 |
| | (1,129.1 | ) | | — |
| Inventories | 159.4 |
| | — |
| | 555.1 |
| | — |
| | 714.5 |
| Prepaid expenses | 15.7 |
| | 1.0 |
| | 49.0 |
| | — |
| | 65.7 |
| Other current assets | 19.7 |
| | 16.0 |
| | 233.6 |
| | (21.8 | ) | | 247.5 |
| Total current assets | 500.7 |
| | 659.1 |
| | 2,471.3 |
| | (1,150.9 | ) | | 2,480.2 |
| Securities and other investments | 96.8 |
| | — |
| | — |
| | — |
| | 96.8 |
| Property, plant and equipment, net | 89.6 |
| | 2.1 |
| | 272.8 |
| | — |
| | 364.5 |
| Deferred income taxes | 150.8 |
| | 8.0 |
| | 135.0 |
| | — |
| | 293.8 |
| Goodwill | 55.5 |
| | — |
| | 1,061.6 |
| | — |
| | 1,117.1 |
| Intangible assets, net | 37.5 |
| | — |
| | 736.3 |
| | — |
| | 773.8 |
| Investment in subsidiaries | 2,810.9 |
| | — |
| | — |
| | (2,810.9 | ) | | — |
| Other assets | 47.2 |
| | 1.1 |
| | 74.0 |
| | (26.5 | ) | | 95.8 |
| Total assets | $ | 3,789.0 |
| | $ | 670.3 |
| | $ | 4,751.0 |
| | $ | (3,988.3 | ) | | $ | 5,222.0 |
| | | | | | | | | | | LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY | Current liabilities | | | | | | | | | | Notes payable | $ | 49.9 |
| | $ | 0.3 |
| | $ | 16.5 |
| | $ | — |
| | $ | 66.7 |
| Accounts payable | 88.1 |
| | 0.1 |
| | 474.0 |
| | — |
| | 562.2 |
| Intercompany payable | 1,019.5 |
| | 22.2 |
| | 87.4 |
| | (1,129.1 | ) | | — |
| Deferred revenue | 115.8 |
| | 0.6 |
| | 320.1 |
| | — |
| | 436.5 |
| Payroll and other benefits liabilities | 26.1 |
| | 2.2 |
| | 170.6 |
| | — |
| | 198.9 |
| Other current liabilities | 112.4 |
| | 2.8 |
| | 438.0 |
| | (21.8 | ) | | 531.4 |
| Total current liabilities | 1,411.8 |
| | 28.2 |
| | 1,506.6 |
| | (1,150.9 | ) | | 1,795.7 |
| Long-term debt | 1,710.6 |
| | 0.1 |
| | 76.4 |
| | — |
| | 1,787.1 |
| Pensions, post-retirements and other benefits | 199.7 |
| | — |
| | 66.7 |
| | — |
| | 266.4 |
| Deferred income taxes | 10.0 |
| | — |
| | 277.1 |
| | — |
| | 287.1 |
| Other long-term liabilities | 11.4 |
| | — |
| | 126.4 |
| | (26.5 | ) | | 111.3 |
| Commitments and contingencies | | | | | | | | | | Redeemable noncontrolling interests | — |
| | — |
| | 492.1 |
| | — |
| | 492.1 |
| Total Diebold Nixdorf, Incorporated shareholders' equity | 445.5 |
| | 642.0 |
| | 2,168.9 |
| | (2,810.9 | ) | | 445.5 |
| Noncontrolling interests | — |
| | — |
| | 36.8 |
| | — |
| | 36.8 |
| Total liabilities and equity | $ | 3,789.0 |
|
| $ | 670.3 |
|
| $ | 4,751.0 |
|
| $ | (3,988.3 | ) |
| $ | 5,222.0 |
|
Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) Year Ended December 31, 2018 | | | | | | | | | | | | | | | | | | | | | | Parent | | Combined Guarantor Subsidiaries | | Combined Non-Guarantor Subsidiaries | | Reclassifications/ Eliminations | | Consolidated | | | | | | | | | | | Net sales | $ | 2,158.9 |
| | $ | 0.5 |
| | $ | 2,419.3 |
| | $ | (0.1 | ) | | $ | 4,578.6 |
| Cost of sales | 1,994.1 |
| | 1.9 |
| | 1,691.8 |
| | (0.1 | ) | | 3,687.7 |
| Gross profit (loss) | 164.8 |
| | (1.4 | ) | | 727.5 |
| | — |
| | 890.9 |
| Selling and administrative expense | 306.6 |
| | 4.9 |
| | 574.1 |
| | — |
| | 885.6 |
| Research, development and engineering expense | 2.8 |
| | 44.6 |
| | 110.0 |
| | — |
| | 157.4 |
| Impairment of assets | — |
| | — |
| | 217.5 |
| | — |
| | 217.5 |
| (Gain) loss on sale of assets, net | (3.4 | ) | | 0.1 |
| | (3.4 | ) | | — |
| | (6.7 | ) | | 306.0 |
| | 49.6 |
| | 898.2 |
| | — |
| | 1,253.8 |
| Operating loss | (141.2 | ) | | (51.0 | ) | | (170.7 | ) | | — |
| | (362.9 | ) | Other income (expense) | | | | | | | | | | Interest income | 0.3 |
| | 0.1 |
| | 8.3 |
| | — |
| | 8.7 |
| Interest expense | (140.7 | ) | | — |
| | (14.2 | ) | | — |
| | (154.9 | ) | Foreign exchange (loss) gain, net | (17.3 | ) | | (0.2 | ) | | 15.0 |
| | — |
| | (2.5 | ) | Miscellaneous, net | 36.4 |
| | 1.3 |
| | (41.7 | ) | | — |
| | (4.0 | ) | Loss from continuing operations before taxes | (262.5 | ) | | (49.8 | ) | | (203.3 | ) | | — |
| | (515.6 | ) | Income tax (benefit) expense | 18.8 |
| | (10.2 | ) | | 28.6 |
| | — |
| | 37.2 |
| Equity in (loss) earnings of unconsolidated subsidiaries, net | (287.4 | ) | | — |
| | (13.2 | ) | | 287.4 |
| | (13.2 | ) | Net (loss) income | (568.7 | ) | | (39.6 | ) | | (245.1 | ) | | 287.4 |
| | (566.0 | ) | Income attributable to noncontrolling interests, net of tax | — |
| | — |
| | 2.7 |
| | — |
| | 2.7 |
| Net (loss) income attributable to Diebold Nixdorf, Incorporated | $ | (568.7 | ) | | $ | (39.6 | ) | | $ | (247.8 | ) | | $ | 287.4 |
| | $ | (568.7 | ) | Comprehensive (loss) income | $ | (676.1 | ) | | $ | (39.6 | ) | | $ | (339.3 | ) | | $ | 377.7 |
| | $ | (677.3 | ) | Less: comprehensive loss attributable to noncontrolling interests | — |
| | — |
| | (1.2 | ) | | — |
| | (1.2 | ) | Comprehensive (loss) income attributable to Diebold Nixdorf, Incorporated | $ | (676.1 | ) | | $ | (39.6 | ) | | $ | (338.1 | ) | | $ | 377.7 |
| | $ | (676.1 | ) |
Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) Year Ended December 31, 2017 | | | | | | | | | | | | | | | | | | | | | | Parent | | Combined Guarantor Subsidiaries | | Combined Non-Guarantor Subsidiaries | | Reclassifications/ Eliminations | | Consolidated | | | | | | | | | | | Net sales | $ | 1,126.4 |
| | $ | 7.4 |
| | $ | 3,480.6 |
| | $ | (5.1 | ) | | $ | 4,609.3 |
| Cost of sales | 902.0 |
| | 12.3 |
| | 2,700.3 |
| | (5.1 | ) | | 3,609.5 |
| Gross profit (loss) | 224.4 |
| | (4.9 | ) | | 780.3 |
| | — |
| | 999.8 |
| Selling and administrative expense | 283.8 |
| | 10.5 |
| | 639.4 |
| | — |
| | 933.7 |
| Research, development and engineering expense | 3.1 |
| | 40.6 |
| | 111.8 |
| | — |
| | 155.5 |
| Impairment of assets | 3.1 |
| | — |
| | — |
| | — |
| | 3.1 |
| Loss on sale of assets, net | 0.5 |
| | 0.4 |
| | 0.1 |
| | — |
| | 1.0 |
| | 290.5 |
| | 51.5 |
| | 751.3 |
| | — |
| | 1,093.3 |
| Operating (loss) profit | (66.1 | ) | | (56.4 | ) | | 29.0 |
| | — |
| | (93.5 | ) | Other income (expense) | | | | | | | | | | Interest income | 2.3 |
| | 0.2 |
| | 17.8 |
| | — |
| | 20.3 |
| Interest expense | (108.7 | ) | | — |
| | (8.6 | ) | | — |
| | (117.3 | ) | Foreign exchange loss, net | (0.5 | ) | | (0.1 | ) | | (3.3 | ) | | — |
| | (3.9 | ) | Miscellaneous, net | 6.2 |
| | 7.7 |
| | (11.1 | ) | | (0.3 | ) | | 2.5 |
| (Loss) income from continuing operations before taxes | (166.8 | ) | | (48.6 | ) | | 23.8 |
| | (0.3 | ) | | (191.9 | ) | Income tax (benefit) expense | 36.1 |
| | (15.5 | ) | | 7.7 |
| | — |
| | 28.3 |
| Equity in (loss) earnings of unconsolidated subsidiaries, net | (38.6 | ) | | — |
| | 6.3 |
| | 38.6 |
| | 6.3 |
| Net (loss) income | (241.5 | ) | | (33.1 | ) | | 22.4 |
| | 38.3 |
| | (213.9 | ) | Income attributable to noncontrolling interests, net of tax | — |
| | — |
| | 27.6 |
| | — |
| | 27.6 |
| Net (loss) income attributable to Diebold Nixdorf, Incorporated | $ | (241.5 | ) | | $ | (33.1 | ) | | $ | (5.2 | ) | | $ | 38.3 |
| | $ | (241.5 | ) | Comprehensive (loss) income | $ | (96.5 | ) | | $ | (33.1 | ) | | $ | 193.7 |
| | $ | (127.1 | ) | | $ | (63.0 | ) | Less: comprehensive income attributable to noncontrolling interests | — |
| | — |
| | 33.5 |
| | — |
| | 33.5 |
| Comprehensive (loss) income attributable to Diebold Nixdorf, Incorporated | $ | (96.5 | ) | | $ | (33.1 | ) | | $ | 160.2 |
| | $ | (127.1 | ) | | $ | (96.5 | ) |
Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) Year Ended December 31, 2016 | | | | | | | | | | | | | | | | | | | | | | Parent | | Combined Guarantor Subsidiaries | | Combined Non-Guarantor Subsidiaries | | Reclassifications/ Eliminations | | Consolidated | | | | | | | | | | | Net sales | $ | 1,137.1 |
| | $ | 85.0 |
| | $ | 2,177.4 |
| | $ | (83.2 | ) | | $ | 3,316.3 |
| Cost of sales | 888.5 |
| | 84.2 |
| | 1,714.2 |
| | (82.3 | ) | | 2,604.6 |
| Gross profit (loss) | 248.6 |
| | 0.8 |
| | 463.2 |
| | (0.9 | ) | | 711.7 |
| Selling and administrative expense | 314.4 |
| | 11.6 |
| | 435.2 |
| | — |
| | 761.2 |
| Research, development and engineering expense | 7.9 |
| | 45.7 |
| | 56.6 |
| | — |
| | 110.2 |
| Impairment of assets | — |
| | 5.1 |
| | 4.7 |
| | — |
| | 9.8 |
| Loss (Gain) on sale of assets, net | 0.3 |
| | (0.1 | ) | | 0.1 |
| | — |
| | 0.3 |
| | 322.6 |
| | 62.3 |
| | 496.6 |
| | — |
| | 881.5 |
| Operating loss | (74.0 | ) | | (61.5 | ) | | (33.4 | ) | | (0.9 | ) | | (169.8 | ) | Other income (expense) | | | | | | | | | | Interest income | 2.5 |
| | 0.6 |
| | 18.4 |
| | — |
| | 21.5 |
| Interest expense | (95.1 | ) | | (0.1 | ) | | (6.2 | ) | | — |
| | (101.4 | ) | Foreign exchange (loss) gain, net | (3.5 | ) | | (0.1 | ) | | 1.5 |
| | — |
| | (2.1 | ) | Miscellaneous, net | (3.2 | ) | | 7.8 |
| | (0.5 | ) | | (1.0 | ) | | 3.1 |
| Loss from continuing operations before taxes | (173.3 | ) | | (53.3 | ) | | (20.2 | ) | | (1.9 | ) | | (248.7 | ) | Income (benefit) tax expense | (54.8 | ) | | (28.6 | ) | | 14.4 |
| | — |
| | (69.0 | ) | Equity in (loss) earnings of unconsolidated subsidiaries, net | (58.3 | ) | | — |
| | 0.4 |
| | 58.3 |
| | 0.4 |
| (Loss) income from continuing operations, net of tax | (176.8 | ) | | (24.7 | ) | | (34.2 | ) | | 56.4 |
| | (179.3 | ) | Income from discontinued operations, net of tax | 135.2 |
| | — |
| | 8.5 |
| | — |
| | 143.7 |
| Net (loss) income | (41.6 | ) | | (24.7 | ) | | (25.7 | ) | | 56.4 |
| | (35.6 | ) | Income attributable to noncontrolling interests, net of tax | — |
| | — |
| | 6.0 |
| | — |
| | 6.0 |
| Net (loss) income attributable to Diebold Nixdorf, Incorporated | $ | (41.6 | ) | | $ | (24.7 | ) | | $ | (31.7 | ) | | $ | 56.4 |
| | $ | (41.6 | ) | Comprehensive (loss) income | $ | (64.8 | ) | | $ | (24.7 | ) | | $ | (60.3 | ) | | $ | 94.2 |
| | $ | (55.6 | ) | Less: comprehensive income attributable to noncontrolling interests | — |
| | — |
| | 9.2 |
| | — |
| | 9.2 |
| Comprehensive (loss) income attributable to Diebold Nixdorf, Incorporated | $ | (64.8 | ) | | $ | (24.7 | ) | | $ | (69.5 | ) | | $ | 94.2 |
| | $ | (64.8 | ) |
Condensed Consolidating Statement of Cash Flows Year Ended December 31, 2018 | | | | | | | | | | | | | | | | | | | | | | Parent | | Combined Guarantor Subsidiaries | | Combined Non-Guarantor Subsidiaries | | Reclassifications/ Eliminations | | Consolidated | Net cash (used) provided by operating activities | $ | (67.8 | ) | | $ | (37.7 | ) | | $ | 1.4 |
| | $ | — |
| | $ | (104.1 | ) | | | | | | | | | | | Cash flow from investing activities | | | | | | | | | | Capital expenditures | (6.5 | ) | | (0.1 | ) | | (51.9 | ) | | — |
| | (58.5 | ) | Payments for acquisitions, net of cash acquired | — |
| | — |
| | (5.9 | ) | | — |
| | (5.9 | ) | Proceeds from maturities of investments | 71.2 |
| | — |
| | 246.6 |
| | — |
| | 317.8 |
| Payments for purchases of investments | — |
| | — |
| | (200.2 | ) | | — |
| | (200.2 | ) | Proceeds from divestitures and the sale of assets | 6.7 |
| | — |
| | 4.4 |
| | — |
| | 11.1 |
| Decrease in certain other assets | (5.8 | ) | | — |
| | (24.1 | ) | | — |
| | (29.9 | ) | Capital contributions and loans paid | (503.2 | ) | | — |
| | — |
| | 503.2 |
| | — |
| Proceeds from intercompany loans | 29.2 |
| | — |
| | — |
| | (29.2 | ) | | — |
| Net cash (used) provided by investing activities | (408.4 | ) | | (0.1 | ) | | (31.1 | ) | | 474.0 |
| | 34.4 |
| | | | | | | | | | | Cash flow from financing activities | | | | | | | | | | Dividends paid | (7.7 | ) | | — |
| | — |
| | — |
| | (7.7 | ) | Debt issuance costs | (39.4 | ) | | — |
| | — |
| | — |
| | (39.4 | ) | Revolving debt borrowings (repayments), net | 110.0 |
| | — |
| | (60.0 | ) | | — |
| | 50.0 |
| Other debt borrowings | 660.0 |
| | — |
| | 65.9 |
| | — |
| | 725.9 |
| Other debt repayments | (284.9 | ) | | (0.3 | ) | | (52.5 | ) | | — |
| | (337.7 | ) | Distribution to noncontrolling interest holders | — |
| | — |
| | (377.2 | ) | | — |
| | (377.2 | ) | Repurchase of common shares | (3.0 | ) | | — |
| | — |
| | — |
| | (3.0 | ) | Capital contributions received and loans incurred | — |
| | 59.0 |
| | 444.2 |
| | (503.2 | ) | | — |
| Payments on intercompany loans | — |
| | (20.5 | ) | | (8.7 | ) | | 29.2 |
| | — |
| Net cash provided (used) by financing activities | 435.0 |
| | 38.2 |
| | 11.7 |
| | (474.0 | ) | | 10.9 |
| Effect of exchange rate changes on cash | — |
| | — |
| | (18.7 | ) | | — |
| | (18.7 | ) | (Decrease) increase in cash, cash equivalents and restricted cash | (41.2 | ) | | 0.4 |
| | (36.7 | ) | | — |
| | (77.5 | ) | Less: Cash included in assets held for sale at end of year | — |
| | — |
| | 7.3 |
| | — |
| | 7.3 |
| Cash, cash equivalents and restricted cash at the beginning of the year | 58.5 |
| | 2.3 |
| | 482.4 |
| | — |
| | 543.2 |
| Cash, cash equivalents and restricted cash at the end of the year | $ | 17.3 |
| | $ | 2.7 |
| | $ | 438.4 |
| | $ | — |
| | $ | 458.4 |
|
Condensed Consolidating Statement of Cash Flows Year Ended December 31, 2017 | | | | | | | | | | | | | | | | | | | | | | Parent | | Combined Guarantor Subsidiaries | | Combined Non-Guarantor Subsidiaries | | Reclassifications/ Eliminations | | Consolidated | Net cash (used) provided by operating activities | $ | (43.9 | ) | | $ | (41.6 | ) | | $ | 122.6 |
| | $ | — |
| | $ | 37.1 |
| | | | | | | | | | | Cash flow from investing activities | | | | | | | | | | Capital expenditures | (13.0 | ) | | (0.1 | ) | | (56.3 | ) | | — |
| | (69.4 | ) | Payments for acquisitions, net of cash acquired | — |
| | — |
| | (5.6 | ) | | — |
| | (5.6 | ) | Proceeds from maturities of investments | — |
| | — |
| | 296.2 |
| | — |
| | 296.2 |
| Payments for purchases of investments | (14.0 | ) | | — |
| | (315.8 | ) | | — |
| | (329.8 | ) | Proceeds from divestitures and the sale of assets | 4.6 |
| | — |
| | 16.3 |
| | — |
| | 20.9 |
| (Decrease) increase in certain other assets | (43.0 | ) | | 11.8 |
| | (1.9 | ) | | — |
| | (33.1 | ) | Capital contributions and loans paid | (114.5 | ) | | — |
| | — |
| | 114.5 |
| | — |
| Proceeds from intercompany loans | 210.7 |
| | — |
| | — |
| | (210.7 | ) | | — |
| Net cash provided (used) by investing activities | 30.8 |
| | 11.7 |
| | (67.1 | ) | | (96.2 | ) | | (120.8 | ) | | | | | | | | | | | Cash flow from financing activities | | | | | | | | | | Dividends paid | (30.6 | ) | | — |
| | — |
| | — |
| | (30.6 | ) | Debt issuance costs | (1.1 | ) | | — |
| | — |
| | — |
| | (1.1 | ) | Revolving debt borrowings, net | — |
| | — |
| | 75.0 |
| | — |
| | 75.0 |
| Other debt borrowings | 323.3 |
| | — |
| | 50.8 |
| | — |
| | 374.1 |
| Other debt repayments | (354.2 | ) | | (1.2 | ) | | (103.4 | ) | | — |
| | (458.8 | ) | Distribution to noncontrolling interest holders | — |
| | — |
| | (17.6 | ) | | — |
| | (17.6 | ) | Issuance of common shares | 0.3 |
| | — |
| | — |
| | — |
| | 0.3 |
| Repurchase of common shares | (5.0 | ) | | — |
| | — |
| | — |
| | (5.0 | ) | Capital contributions received and loans incurred | — |
| | 67.1 |
| | 47.4 |
| | (114.5 | ) | | — |
| Payments on intercompany loans | — |
| | (36.0 | ) | | (174.7 | ) | | 210.7 |
| | — |
| Net cash (used) provided by financing activities | (67.3 | ) | | 29.9 |
| | (122.5 | ) | | 96.2 |
| | (63.7 | ) | Effect of exchange rate changes on cash | — |
| | — |
| | 37.9 |
| | — |
| | 37.9 |
| Decrease in cash, cash equivalents and restricted cash
| (80.4 | ) | | — |
| | (29.1 | ) | | — |
| | (109.5 | ) | Cash, cash equivalents and restricted cash at the beginning of the year | 138.9 |
| | 2.3 |
| | 511.5 |
| | — |
| | 652.7 |
| Cash, cash equivalents and restricted cash at the end of the year | $ | 58.5 |
| | $ | 2.3 |
| | $ | 482.4 |
| | $ | — |
| | $ | 543.2 |
|
Condensed Consolidating Statement of Cash Flows Year Ended December 31, 2016 | | | | | | | | | | | | | | | | | | | | | | Parent | | Combined Guarantor Subsidiaries | | Combined Non-Guarantor Subsidiaries | | Reclassifications/ Eliminations | | Consolidated | Net cash (used) provided by operating activities | $ | (146.4 | ) | | $ | (43.2 | ) | | $ | 232.1 |
| | $ | (13.8 | ) | | $ | 28.7 |
| | | | | | | | | | | Cash flow from investing activities | | | | | | | | | | Capital expenditures | (9.2 | ) | | (1.0 | ) | | (29.3 | ) | | — |
| | (39.5 | ) | Payments for acquisitions, net of cash acquired | (995.2 | ) | | — |
| | 110.6 |
| | — |
| | (884.6 | ) | Proceeds from maturities of investments | (1.9 | ) | | — |
| | 226.9 |
| | — |
| | 225.0 |
| Payments for purchases of investments | — |
| | — |
| | (243.5 | ) | | — |
| | (243.5 | ) | Proceeds from divestitures and the sale of assets | — |
| | — |
| | 31.3 |
| | — |
| | 31.3 |
| Increase (decrease) in certain other assets | 0.5 |
| | (6.8 | ) | | (21.9 | ) | | — |
| | (28.2 | ) | Proceeds from sale of foreign currency option and forward contracts, net | 16.2 |
| | — |
| | — |
| | — |
| | 16.2 |
| Capital contributions and loans paid | (270.2 | ) | | — |
| | (1,119.3 | ) | | 1,389.5 |
| | — |
| Proceeds from intercompany loans | 106.4 |
| | — |
| | — |
| | (106.4 | ) | | — |
| Net cash (used) provided by investing activities - continuing operations | (1,153.4 | ) | | (7.8 | ) | | (1,045.2 | ) | | 1,283.1 |
| | (923.3 | ) | Net cash provided by investing activities - discontinued operations | 361.9 |
| | — |
| | — |
| | — |
| | 361.9 |
| Net cash (used) provided by investing activities | (791.5 | ) | | (7.8 | ) | | (1,045.2 | ) | | 1,283.1 |
| | (561.4 | ) | | | | | | | | | | | Cash flow from financing activities | | | | | | | | | | Dividends paid | (64.6 | ) | | — |
| | (13.8 | ) | | 13.8 |
| | (64.6 | ) | Debt issuance costs | (39.2 | ) | | — |
| | — |
| | — |
| | (39.2 | ) | Revolving debt repayments, net | (178.0 | ) | | — |
| | — |
| | — |
| | (178.0 | ) | Other debt borrowings | 1,781.3 |
| | — |
| | 56.4 |
| | — |
| | 1,837.7 |
| Other debt repayments | (439.6 | ) | | (1.2 | ) | | (221.7 | ) | | — |
| | (662.5 | ) | Distribution to noncontrolling interest holders | — |
| | — |
| | (10.2 | ) | | — |
| | (10.2 | ) | Issuance of common shares | 0.3 |
| | — |
| | — |
| | — |
| | 0.3 |
| Repurchase of common shares | (2.2 | ) | | — |
| | — |
| | — |
| | (2.2 | ) | Capital contributions received and loans incurred | — |
| | 133.3 |
| | 1,256.2 |
| | (1,389.5 | ) | | — |
| Payments on intercompany loans | — |
| | (86.7 | ) | | (19.7 | ) | | 106.4 |
| | — |
| Net cash provided by (used in) financing activities | 1,058.0 |
| | 45.4 |
| | 1,047.2 |
| | (1,269.3 | ) | | 881.3 |
| Effect of exchange rate changes on cash | — |
| | — |
| | (8.0 | ) | | — |
| | (8.0 | ) | Increase (decrease) in cash, cash equivalents and restricted cash
| 120.1 |
| | (5.6 | ) | | 226.1 |
| | — |
| | 340.6 |
| Add: Cash overdraft included in assets held for sale at beginning of year | (1.5 | ) | | — |
| | — |
| | — |
| | (1.5 | ) | Cash, cash equivalents and restricted cash at the beginning of the year | 20.3 |
| | 7.9 |
| | 285.4 |
| | — |
| | 313.6 |
| Cash, cash equivalents and restricted cash at the end of the year | $ | 138.9 |
| | $ | 2.3 |
| | $ | 511.5 |
| | $ | — |
| | $ | 652.7 |
|
|