Guarantee Of Registered Securities |
Guarantee of Registered Securities
On May 31, 2011, Ensco plc completed a merger transaction (the "Merger") with Pride International Inc. ("Pride"). In connection with the Merger, Ensco plc and Pride entered into a supplemental indenture to the indenture dated as of July 1, 2004 between Pride and the Bank of New York Mellon, as indenture trustee, providing for, among other matters, the full and unconditional guarantee by Ensco plc of Pride’s 8.50% unsecured senior notes due 2019, 6.875% unsecured senior notes due 2020 and 7.875% unsecured senior notes due 2040, which had an aggregate outstanding principal balance as of March 31, 2013 of $1.7 billion. The Ensco plc guarantee provides for the unconditional and irrevocable guarantee of the prompt payment, when due, of any amount owed to the holders of the notes. Ensco plc also is a full and unconditional guarantor of the 7.20% debentures due 2027 issued by Ensco International, Inc. in November 1997, which had an aggregate outstanding principal balance of $150.0 million as of March 31, 2013. All guarantees are unsecured obligations of Ensco plc ranking equal in right of payment with all of its existing and future unsecured and unsubordinated indebtedness. The following tables present the unaudited condensed consolidating statements of income for the three-month periods ended March 31, 2013 and 2012; the unaudited condensed consolidating statements of comprehensive income for the three-month periods ended March 31, 2013 and 2012; the condensed consolidating balance sheets as of March 31, 2013 (unaudited) and December 31, 2012; and the unaudited condensed consolidating statements of cash flows for the three-month periods ended March 31, 2013 and 2012, in accordance with Rule 3-10 of Regulation S-X.
ENSCO PLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF INCOME Three Months Ended March 31, 2013 (in millions) (Unaudited)
| | | | | | | | | | | | | | | | | | | | | | | | | | Ensco plc | | ENSCO International Incorporated | | Pride International, Inc. | | Other Non-Guarantor Subsidiaries of Ensco | | Consolidating Adjustments | | Total | OPERATING REVENUES | $ | 5.5 |
| | $ | 38.1 |
| | $ | — |
| | $ | 1,183.7 |
| | $ | (77.4 | ) | | $ | 1,149.9 |
| OPERATING EXPENSES |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| Contract drilling (exclusive of depreciation) | 12.4 |
| | 38.1 |
| | — |
| | 587.7 |
| | (77.4 | ) | | 560.8 |
| Depreciation | .1 |
| | .8 |
| | — |
| | 148.1 |
| | — |
| | 149.0 |
| General and administrative | 16.9 |
| | .2 |
| | — |
| | 20.7 |
| | — |
| | 37.8 |
| OPERATING (LOSS) INCOME | (23.9 | ) | | (1.0 | ) | | — |
| | 427.2 |
| | — |
| | 402.3 |
| OTHER (EXPENSE) INCOME, NET | (14.6 | ) | | (7.4 | ) | | (14.6 | ) | | 6.8 |
| | — |
| | (29.8 | ) | (LOSS) INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES | (38.5 | ) | | (8.4 | ) | | (14.6 | ) | | 434.0 |
| | — |
| | 372.5 |
| INCOME TAX PROVISION | — |
| | 29.5 |
| | — |
| | 22.2 |
| | — |
| | 51.7 |
| DISCONTINUED OPERATIONS, NET | — |
| | — |
| | — |
| | (.9 | ) | | — |
| | (.9 | ) | EQUITY EARNINGS IN AFFILIATES, NET OF TAX | 355.6 |
| | 111.7 |
| | 52.4 |
| | — |
| | (519.7 | ) | | — |
| NET INCOME | 317.1 |
| | 73.8 |
| | 37.8 |
| | 410.9 |
| | (519.7 | ) | | 319.9 |
| NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS | — |
| | — |
| | — |
| | (2.8 | ) | | — |
| | (2.8 | ) | NET INCOME ATTRIBUTABLE TO ENSCO | $ | 317.1 |
| | $ | 73.8 |
| | $ | 37.8 |
| | $ | 408.1 |
| | $ | (519.7 | ) | | $ | 317.1 |
|
ENSCO PLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF INCOME Three Months Ended March 31, 2012 (in millions) (Unaudited)
| | | | | | | | | | | | | | | | | | | | | | | | | | Ensco plc | | ENSCO International Incorporated | | Pride International, Inc. | | Other Non-Guarantor Subsidiaries of Ensco | | Consolidating Adjustments | | Total | OPERATING REVENUES | $ | 21.9 |
| | $ | 10.6 |
| | $ | — |
| | $ | 1,037.0 |
| | $ | (48.9 | ) | | $ | 1,020.6 |
| OPERATING EXPENSES | |
| | |
| | |
| | |
| | |
| | |
| Contract drilling (exclusive of depreciation) | 6.9 |
| | 10.6 |
| | — |
| | 533.6 |
| | (48.9 | ) | | 502.2 |
| Depreciation | .1 |
| | .8 |
| | — |
| | 135.1 |
| | — |
| | 136.0 |
| General and administrative | 14.6 |
| | — |
| | — |
| | 23.6 |
| | — |
| | 38.2 |
| OPERATING INCOME (LOSS) | .3 |
| | (.8 | ) | | — |
| | 344.7 |
| | — |
| | 344.2 |
| OTHER EXPENSE, NET | (11.2 | ) | | (.3 | ) | | (11.7 | ) | | (3.5 | ) | | — |
| | (26.7 | ) | (LOSS) INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES | (10.9 | ) | | (1.1 | ) | | (11.7 | ) | | 341.2 |
| | — |
| | 317.5 |
| INCOME TAX PROVISION | — |
| | 11.2 |
| | — |
| | 25.8 |
| | — |
| | 37.0 |
| DISCONTINUED OPERATIONS, NET | — |
| | — |
| | — |
| | (13.1 | ) | | — |
| | (13.1 | ) | EQUITY EARNINGS IN AFFILIATES, NET OF TAX | 276.3 |
| | 44.2 |
| | 79.7 |
| | — |
| | (400.2 | ) | | — |
| NET INCOME | 265.4 |
| | 31.9 |
| | 68.0 |
| | 302.3 |
| | (400.2 | ) | | 267.4 |
| NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS | — |
| | — |
| | — |
| | (2.0 | ) | | — |
| | (2.0 | ) | NET INCOME ATTRIBUTABLE TO ENSCO | $ | 265.4 |
| | $ | 31.9 |
| | $ | 68.0 |
| | $ | 300.3 |
| | $ | (400.2 | ) | | $ | 265.4 |
|
ENSCO PLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME Three Months Ended March 31, 2013 (in millions) (Unaudited)
| | | | | | | | | | | | | | | | | | | | | | | | | | Ensco plc | | ENSCO International Incorporated | | Pride International, Inc. | | Other Non-Guarantor Subsidiaries of Ensco | | Consolidating Adjustments | | Total | | | | | | | | | | | | | NET INCOME | $ | 317.1 |
| | $ | 73.8 |
| | $ | 37.8 |
| | $ | 410.9 |
| | $ | (519.7 | ) | | $ | 319.9 |
| OTHER COMPREHENSIVE (LOSS) INCOME, NET | | | | | | | | | | | | Net change in fair value of derivatives | — |
| | (4.0 | ) | | — |
| | — |
| | — |
| | (4.0 | ) | Reclassification of net gains and losses on derivative instruments from other comprehensive loss (income) into net income | — |
| | .1 |
| | — |
| | (1.1 | ) | | — |
| | (1.0 | ) | Other | — |
| | — |
| | — |
| | (.1 | ) | | — |
| | (.1 | ) | NET OTHER COMPREHENSIVE LOSS | — |
| | (3.9 | ) | | — |
| | (1.2 | ) | | — |
| | (5.1 | ) | | | | | | | | | | | | | COMPREHENSIVE INCOME | 317.1 |
| | 69.9 |
| | 37.8 |
| | 409.7 |
| | (519.7 | ) | | 314.8 |
| COMPREHENSIVE INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS | — |
| | — |
| | — |
| | (2.8 | ) | | — |
| | (2.8 | ) | COMPREHENSIVE INCOME ATTRIBUTABLE TO ENSCO | $ | 317.1 |
| | $ | 69.9 |
| | $ | 37.8 |
| | $ | 406.9 |
| | $ | (519.7 | ) | | $ | 312.0 |
|
ENSCO PLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME Three Months Ended March 31, 2012 (in millions) (Unaudited) | | | | | | | | | | | | | | | | | | | | | | | | | | Ensco plc | | ENSCO International Incorporated | | Pride International, Inc. | | Other Non-Guarantor Subsidiaries of Ensco | | Consolidating Adjustments | | Total | | | | | | | | | | | | | NET INCOME | $ | 265.4 |
| | $ | 31.9 |
| | $ | 68.0 |
| | $ | 302.3 |
| | $ | (400.2 | ) | | $ | 267.4 |
| OTHER COMPREHENSIVE (LOSS) INCOME, NET | | | | | | | | | | | | Net change in fair value of derivatives | — |
| | 1.9 |
| | — |
| | 4.4 |
| | — |
| | 6.3 |
| Reclassification of net gains and losses on derivative instruments from other comprehensive loss (income) into net income | — |
| | .1 |
| | — |
| | (.2 | ) | | — |
| | (.1 | ) | Other | — |
| | — |
| | — |
| | (1.9 | ) | | — |
| | (1.9 | ) | NET OTHER COMPREHENSIVE (LOSS) INCOME | — |
| | 2.0 |
| | — |
| | 2.3 |
| | — |
| | 4.3 |
| | | | | | | | | | | | | COMPREHENSIVE INCOME | 265.4 |
| | 33.9 |
| | 68.0 |
| | 304.6 |
| | (400.2 | ) | | 271.7 |
| COMPREHENSIVE INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS | — |
| | — |
| | — |
| | (2.0 | ) | | — |
| | (2.0 | ) | COMPREHENSIVE INCOME ATTRIBUTABLE TO ENSCO | $ | 265.4 |
| | $ | 33.9 |
| | $ | 68.0 |
| | $ | 302.6 |
| | $ | (400.2 | ) | | $ | 269.7 |
|
ENSCO PLC AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEETS March 31, 2013 (in millions) (Unaudited)
| | | | | | | | | | | | | | | | | | | | | | | | | | Ensco plc | | ENSCO International Incorporated | | Pride International, Inc. | | Other Non-Guarantor Subsidiaries of Ensco | | Consolidating Adjustments | | Total | ASSETS | | | | | | | | | | | | CURRENT ASSETS | | | | | | | | | | | | Cash and cash equivalents | $ | 289.1 |
| | $ | — |
| | $ | 115.0 |
| | $ | 157.7 |
| | $ | — |
| | $ | 561.8 |
| Accounts receivable, net | — |
| | .3 |
| | — |
| | 808.8 |
| | — |
| | 809.1 |
| Accounts receivable from affiliates | 1,296.2 |
| | 166.4 |
| | 1.4 |
| | 1,577.1 |
| | (3,041.1 | ) | | — |
| Other | 2.9 |
| | 24.8 |
| | — |
| | 386.3 |
| | — |
| | 414.0 |
| Total current assets | 1,588.2 |
| | 191.5 |
| | 116.4 |
| | 2,929.9 |
| | (3,041.1 | ) | | 1,784.9 |
| PROPERTY AND EQUIPMENT, AT COST | 2.1 |
| | 30.1 |
| | — |
| | 15,861.4 |
| | — |
| | 15,893.6 |
| Less accumulated depreciation | 1.2 |
| | 23.6 |
| | — |
| | 2,713.6 |
| | — |
| | 2,738.4 |
| Property and equipment, net | .9 |
| | 6.5 |
| | — |
| | 13,147.8 |
| | — |
| | 13,155.2 |
| GOODWILL | — |
| | — |
| | — |
| | 3,274.0 |
| | — |
| | 3,274.0 |
| DUE FROM AFFILIATES | 2,677.0 |
| | 3,758.5 |
| | 1,640.4 |
| | 5,125.2 |
| | (13,201.1 | ) | | — |
| INVESTMENTS IN AFFILIATES | 13,831.0 |
| | 2,799.8 |
| | 3,836.2 |
| | — |
| | (20,467.0 | ) | | — |
| OTHER ASSETS, NET | 10.7 |
| | 64.8 |
| | — |
| | 302.9 |
| | — |
| | 378.4 |
| | $ | 18,107.8 |
| | $ | 6,821.1 |
| | $ | 5,593.0 |
| | $ | 24,779.8 |
| | $ | (36,709.2 | ) | | $ | 18,592.5 |
| LIABILITIES AND SHAREHOLDERS' EQUITY | | | | | | | | | CURRENT LIABILITIES | | | | | | | | | | | | Accounts payable and accrued liabilities | $ | 4.9 |
| | $ | 47.5 |
| | $ | 23.4 |
| | $ | 722.1 |
| | $ | — |
| | $ | 797.9 |
| Accounts payable to affiliates | 1,653.7 |
| | 56.5 |
| | — |
| | 1,330.9 |
| | (3,041.1 | ) | | — |
| Current maturities of long-term debt | — |
| | — |
| | — |
| | 47.5 |
| | — |
| | 47.5 |
| Total current liabilities | 1,658.6 |
| | 104.0 |
| | 23.4 |
| | 2,100.5 |
| | (3,041.1 | ) | | 845.4 |
| DUE TO AFFILIATES | 1,910.0 |
| | 2,260.6 |
| | 954.6 |
| | 8,075.9 |
| | (13,201.1 | ) | | — |
| LONG-TERM DEBT | 2,470.6 |
| | 149.1 |
| | 2,032.7 |
| | 130.9 |
| | — |
| | 4,783.3 |
| DEFERRED INCOME TAXES | — |
| | 325.2 |
| | — |
| | 21.6 |
| | — |
| | 346.8 |
| OTHER LIABILITIES | — |
| | 1.0 |
| | 10.5 |
| | 536.9 |
| | — |
| | 548.4 |
| ENSCO SHAREHOLDERS' EQUITY | 12,068.6 |
| | 3,981.2 |
| | 2,571.8 |
| | 13,907.5 |
| | (20,467.0 | ) | | 12,062.1 |
| NONCONTROLLING INTERESTS | — |
| | — |
| | — |
| | 6.5 |
| | — |
| | 6.5 |
| Total equity | 12,068.6 |
| | 3,981.2 |
| | 2,571.8 |
| | 13,914.0 |
| | (20,467.0 | ) | | 12,068.6 |
| | $ | 18,107.8 |
| | $ | 6,821.1 |
| | $ | 5,593.0 |
| | $ | 24,779.8 |
| | $ | (36,709.2 | ) | | $ | 18,592.5 |
|
ENSCO PLC AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEETS December 31, 2012 (in millions)
| | | | | | | | | | | | | | | | | | | | | | | | | | Ensco plc | | ENSCO International Incorporated | | Pride International, Inc. | | Other Non-Guarantor Subsidiaries of Ensco | | Consolidating Adjustments | | Total | ASSETS | | | | | | | | | | | | CURRENT ASSETS | | | | | | | | | | | | Cash and cash equivalents | $ | 271.8 |
| | $ | 1.7 |
| | $ | 85.0 |
| | $ | 128.6 |
| | $ | — |
| | $ | 487.1 |
| Accounts receivable, net | — |
| | .2 |
| | — |
| | 811.2 |
| | — |
| | 811.4 |
| Accounts receivable from affiliates | 1,294.5 |
| | 226.5 |
| | — |
| | 2,375.1 |
| | (3,896.1 | ) | | — |
| Other | 2.8 |
| | 24.9 |
| | — |
| | 397.7 |
| | — |
| | 425.4 |
| Total current assets | 1,569.1 |
| | 253.3 |
| | 85.0 |
| | 3,712.6 |
| | (3,896.1 | ) | | 1,723.9 |
| PROPERTY AND EQUIPMENT, AT COST | 2.1 |
| | 30.2 |
| | — |
| | 15,704.8 |
| | — |
| | 15,737.1 |
| Less accumulated depreciation | 1.1 |
| | 23.5 |
| | — |
| | 2,566.9 |
| | — |
| | 2,591.5 |
| Property and equipment, net | 1.0 |
| | 6.7 |
| | — |
| | 13,137.9 |
| | — |
| | 13,145.6 |
| GOODWILL | — |
| | — |
| | — |
| | 3,274.0 |
| | — |
| | 3,274.0 |
| DUE FROM AFFILIATES | 3,483.5 |
| | 3,594.7 |
| | 1,628.4 |
| | 4,748.9 |
| | (13,455.5 | ) | | — |
| INVESTMENTS IN AFFILIATES | 13,469.3 |
| | 2,693.8 |
| | 3,824.8 |
| | — |
| | (19,987.9 | ) | | — |
| OTHER ASSETS, NET | 11.3 |
| | 67.4 |
| | — |
| | 343.1 |
| | — |
| | 421.8 |
| | $ | 18,534.2 |
| | $ | 6,615.9 |
| | $ | 5,538.2 |
| | $ | 25,216.5 |
| | $ | (37,339.5 | ) | | $ | 18,565.3 |
| LIABILITIES AND SHAREHOLDERS' EQUITY | | | | | | | | | CURRENT LIABILITIES | | | | | | | | | | | | Accounts payable and accrued liabilities | $ | 31.0 |
| | $ | 28.1 |
| | $ | 34.1 |
| | $ | 849.0 |
| | $ | — |
| | $ | 942.2 |
| Accounts payable to affiliates | 2,364.8 |
| | 136.9 |
| | — |
| | 1,394.4 |
| | (3,896.1 | ) | | — |
| Current maturities of long-term debt | — |
| | — |
| | — |
| | 47.5 |
| | — |
| | 47.5 |
| Total current liabilities | 2,395.8 |
| | 165.0 |
| | 34.1 |
| | 2,290.9 |
| | (3,896.1 | ) | | 989.7 |
| DUE TO AFFILIATES | 1,816.7 |
| | 2,054.7 |
| | 877.5 |
| | 8,706.6 |
| | (13,455.5 | ) | | — |
| LONG-TERM DEBT | 2,469.6 |
| | 149.0 |
| | 2,040.8 |
| | 139.0 |
| | — |
| | 4,798.4 |
| DEFERRED INCOME TAXES | — |
| | 335.1 |
| | — |
| | 16.6 |
| | — |
| | 351.7 |
| OTHER LIABILITIES | — |
| | — |
| | 10.8 |
| | 562.6 |
| | — |
| | 573.4 |
| ENSCO SHAREHOLDERS' EQUITY | 11,852.1 |
| | 3,912.1 |
| | 2,575.0 |
| | 13,495.1 |
| | (19,987.9 | ) | | 11,846.4 |
| NONCONTROLLING INTERESTS | — |
| | — |
| | — |
| | 5.7 |
| | — |
| | 5.7 |
| Total equity | 11,852.1 |
| | 3,912.1 |
| | 2,575.0 |
| | 13,500.8 |
| | (19,987.9 | ) | | 11,852.1 |
| | $ | 18,534.2 |
| | $ | 6,615.9 |
| | $ | 5,538.2 |
| | $ | 25,216.5 |
| | $ | (37,339.5 | ) | | $ | 18,565.3 |
|
| | | | | | | | | | | | | | | | | | | | | | | | | ENSCO PLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS Three Months Ended March 31, 2013 (in millions) (Unaudited) | | Ensco plc | | ENSCO International Incorporated | | Pride International, Inc. | | Other Non-guarantor Subsidiaries of Ensco | | Consolidating Adjustments | | Total | OPERATING ACTIVITIES | |
| | |
| | |
| | |
| | |
| | |
| Net cash (used in) provided by operating activities of continuing operations | $ | (55.3 | ) | | $ | (34.0 | ) | | $ | 11.3 |
| | $ | 420.1 |
| | $ | — |
| | $ | 342.1 |
| INVESTING ACTIVITIES | | | | | | | | | | | | Additions to property and equipment | — |
| | — |
| | — |
| | (168.3 | ) | | — |
| | (168.3 | ) | Other | — |
| | .1 |
| | — |
| | .8 |
| | — |
| | .9 |
| Net cash provided by (used in) investing activities of continuing operations | — |
| | .1 |
| | — |
| | (167.5 | ) | | — |
| | (167.4 | ) | FINANCING ACTIVITIES | |
| | |
| | |
| | |
| | |
| | |
| Cash dividends paid | (116.5 | ) | | — |
| | — |
| | — |
| | — |
| | (116.5 | ) | Proceeds from exercise of share options | 13.4 |
| | — |
| | — |
| | — |
| | — |
| | 13.4 |
| Reduction of long-term borrowings | — |
| | — |
| | — |
| | (7.1 | ) | | — |
| | (7.1 | ) | Advances from (to) affiliates | 179.4 |
| | 32.2 |
| | 18.7 |
| | (230.3 | ) | | — |
| | — |
| Other | (3.7 | ) | | — |
| | — |
| | (1.8 | ) | | — |
| | (5.5 | ) | Net cash provided by (used in) financing activities of continuing operations | 72.6 |
| | 32.2 |
| | 18.7 |
| | (239.2 | ) | | — |
| | (115.7 | ) | DISCONTINUED OPERATIONS | | | | | | | | | | | | Operating activities | — |
| | — |
| | — |
| | .2 |
| | — |
| | .2 |
| Investing activities | — |
| | — |
| | — |
| | 15.5 |
| | — |
| | 15.5 |
| Net cash provided by discontinued operations | — |
| | — |
| | — |
| | 15.7 |
| | — |
| | 15.7 |
| Effect of exchange rate changes on cash and cash equivalents | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 17.3 |
| | (1.7 | ) | | 30.0 |
| | 29.1 |
| | — |
| | 74.7 |
| CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD | 271.8 |
| | 1.7 |
| | 85.0 |
| | 128.6 |
| | — |
| | 487.1 |
| CASH AND CASH EQUIVALENTS, END OF PERIOD | $ | 289.1 |
| | $ | — |
| | $ | 115.0 |
| | $ | 157.7 |
| | $ | — |
| | $ | 561.8 |
|
| | | | | | | | | | | | | | | | | | | | | | | | | ENSCO PLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS Three Months Ended March 31, 2012 (in millions) (Unaudited) | | Ensco plc | | ENSCO International Incorporated | | Pride International, Inc. | | Other Non-guarantor Subsidiaries of Ensco | | Consolidating Adjustments | | Total | OPERATING ACTIVITIES | |
| | |
| | |
| | |
| | |
| | |
| Net cash (used in) provided by operating activities of continuing operations | $ | (20.3 | ) | | $ | (21.8 | ) | | $ | (67.4 | ) | | $ | 665.1 |
| | $ | — |
| | $ | 555.6 |
| INVESTING ACTIVITIES | |
| | |
| | |
| | |
| | |
| | |
| Additions to property and equipment | — |
| | — |
| | — |
| | (764.1 | ) | | — |
| | (764.1 | ) | Other | — |
| | .7 |
| | — |
| | 4.4 |
| | — |
| | 5.1 |
| Net cash provided by (used in) investing activities of continuing operations | — |
| | .7 |
| | — |
| | (759.7 | ) | | — |
| | (759.0 | ) | FINANCING ACTIVITIES | |
| | |
| | |
| | |
| | |
| | |
| Cash dividends paid | (86.8 | ) | | — |
| | — |
| | — |
| | — |
| | (86.8 | ) | Commercial paper borrowings, net | 75.0 |
| | — |
| | — |
| | — |
| | — |
| | 75.0 |
| Proceeds from exercise of share options | | | 11.9 |
| | — |
| | — |
| | — |
| | 11.9 |
| Reduction of long-term borrowings | — |
| | — |
| | — |
| | (7.1 | ) | | — |
| | (7.1 | ) | Advances (to) from affiliates | (192.3 | ) | | 22.8 |
| | 74.1 |
| | 95.4 |
| | — |
| | — |
| Other | — |
| | (.1 | ) | | — |
| | (3.5 | ) | | — |
| | (3.6 | ) | Net cash (used in) provided by financing activities of continuing operations | (204.1 | ) | | 34.6 |
| | 74.1 |
| | 84.8 |
| | — |
| | (10.6 | ) | DISCONTINUED OPERATIONS | | | | | | | | | | | | Operating activities | — |
| | — |
| | — |
| | (8.3 | ) | | — |
| | (8.3 | ) | Net cash used in discontinued operations | — |
| | — |
| | — |
| | (8.3 | ) | | — |
| | (8.3 | ) | Effect of exchange rate changes on cash and cash equivalents | — |
| | — |
| | — |
| | .5 |
| | — |
| | .5 |
| NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS | (224.4 | ) | | 13.5 |
| | 6.7 |
| | (17.6 | ) | | — |
| | (221.8 | ) | CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD | 236.6 |
| | — |
| | 22.6 |
| | 171.5 |
| | — |
| | 430.7 |
| CASH AND CASH EQUIVALENTS, END OF PERIOD | $ | 12.2 |
| | $ | 13.5 |
| | $ | 29.3 |
| | $ | 153.9 |
| | $ | — |
| | $ | 208.9 |
|
|