Guarantee Of Registered Securities |
Guarantee of Registered Securities
In connection with the Pride acquisition, 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 8.5% 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 of $1.1 billion as of March 31, 2017. 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 is also a full and unconditional guarantor of the 7.2% debentures due 2027 issued by ENSCO International Incorporated during 1997, which had an aggregate outstanding principal balance of $150.0 million as of March 31, 2017. Pride International LLC (formerly Pride International, Inc.) and Ensco International Incorporated are 100% owned subsidiaries of Ensco plc. 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 operations for the three month periods ended March 31, 2017 and 2016; the unaudited condensed consolidating statements of comprehensive (loss) income for the three month periods ended March 31, 2017 and 2016; the condensed consolidating balance sheets as of March 31, 2017 (unaudited) and December 31, 2016; and the unaudited condensed consolidating statements of cash flows for the three month periods ended March 31, 2017 and 2016, in accordance with Rule 3-10 of Regulation S-X.
ENSCO PLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS Three Months Ended March 31, 2017 (in millions) (Unaudited)
| | | | | | | | | | | | | | | | | | | | | | | | | | Ensco plc | | ENSCO International Incorporated | | Pride International LLC | | Other Non-Guarantor Subsidiaries of Ensco | | Consolidating Adjustments | | Total | OPERATING REVENUES | $ | 12.7 |
| | $ | 46.0 |
| | $ | — |
| | $ | 500.7 |
| | $ | (88.3 | ) | | $ | 471.1 |
| OPERATING EXPENSES | | | | | | | | | | | | Contract drilling (exclusive of depreciation) | 11.3 |
| | 42.0 |
| | — |
| | 313.1 |
| | (88.3 | ) | | 278.1 |
| Depreciation | — |
| | 4.2 |
| | — |
| | 105.0 |
| | — |
| | 109.2 |
| General and administrative | 11.5 |
| | .1 |
| | — |
| | 14.4 |
| | — |
| | 26.0 |
| OPERATING (LOSS) INCOME | (10.1 | ) | | (.3 | ) |
| — |
|
| 68.2 |
|
| — |
|
| 57.8 |
| OTHER (EXPENSE) INCOME, NET | (6.5 | ) | | (31.3 | ) | | (18.7 | ) | | (7.7 | ) | | 6.5 |
| | (57.7 | ) | (LOSS) INCOME BEFORE INCOME TAXES | (16.6 | ) | | (31.6 | ) |
| (18.7 | ) |
| 60.5 |
|
| 6.5 |
|
| .1 |
| INCOME TAX PROVISION | — |
| | 14.6 |
| | — |
| | 9.5 |
| | — |
| | 24.1 |
| DISCONTINUED OPERATIONS, NET | — |
| | — |
| | — |
| | (.6 | ) | | — |
| | (.6 | ) | EQUITY IN (LOSSES) EARNINGS OF AFFILIATES, NET OF TAX | (9.1 | ) | | 54.9 |
| | 26.3 |
| | — |
| | (72.1 | ) | | — |
| NET (LOSS) INCOME | (25.7 | ) |
| 8.7 |
|
| 7.6 |
|
| 50.4 |
|
| (65.6 | ) |
| (24.6 | ) | NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS | — |
| | — |
| | — |
| | (1.1 | ) | | — |
| | (1.1 | ) | NET (LOSS) INCOME ATTRIBUTABLE TO ENSCO | $ | (25.7 | ) | | $ | 8.7 |
|
| $ | 7.6 |
|
| $ | 49.3 |
|
| $ | (65.6 | ) |
| $ | (25.7 | ) |
ENSCO PLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS Three Months Ended March 31, 2016 (in millions) (Unaudited)
| | | | | | | | | | | | | | | | | | | | | | | | | | Ensco plc | | ENSCO International Incorporated | | Pride International LLC | | Other Non-Guarantor Subsidiaries of Ensco | | Consolidating Adjustments | | Total | OPERATING REVENUES | $ | 7.2 |
| | $ | 35.6 |
| | $ | — |
| | $ | 843.3 |
| | $ | (72.1 | ) | | $ | 814.0 |
| OPERATING EXPENSES | |
| | |
| | |
| | |
| | |
| |
|
| Contract drilling (exclusive of depreciation) | 7.2 |
| | 35.7 |
| | — |
| | 392.9 |
| | (72.1 | ) | | 363.7 |
| Depreciation | — |
| | 4.3 |
| | — |
| | 109.0 |
| | — |
| | 113.3 |
| General and administrative | 6.2 |
| | .1 |
| | — |
| | 17.1 |
| | — |
| | 23.4 |
| OPERATING (LOSS) INCOME | (6.2 | ) |
| (4.5 | ) |
| — |
|
| 324.3 |
|
| — |
|
| 313.6 |
| OTHER (EXPENSE) INCOME, NET | (36.8 | ) | | 1.6 |
| | (19.1 | ) | | (10.3 | ) | | — |
| | (64.6 | ) | (LOSS) INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES | (43.0 | ) |
| (2.9 | ) |
| (19.1 | ) |
| 314.0 |
|
| — |
|
| 249.0 |
| INCOME TAX PROVISION | — |
| | 31.0 |
| | — |
| | 40.4 |
| | — |
| | 71.4 |
| DISCONTINUED OPERATIONS, NET | — |
| | — |
| | — |
| | (.9 | ) | | — |
| | (.9 | ) | EQUITY IN EARNINGS OF AFFILIATES, NET OF TAX | 218.3 |
| | 33.5 |
| | 53.6 |
| | — |
| | (305.4 | ) | | — |
| NET INCOME (LOSS) | 175.3 |
| | (.4 | ) |
| 34.5 |
|
| 272.7 |
|
| (305.4 | ) |
| 176.7 |
| NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS | — |
| | — |
| | — |
| | (1.4 | ) | | — |
| | (1.4 | ) | NET INCOME (LOSS) ATTRIBUTABLE TO ENSCO | $ | 175.3 |
|
| $ | (.4 | ) |
| $ | 34.5 |
|
| $ | 271.3 |
|
| $ | (305.4 | ) |
| $ | 175.3 |
|
ENSCO PLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE (LOSS) INCOME Three Months Ended March 31, 2017 (in millions) (Unaudited)
| | | | | | | | | | | | | | | | | | | | | | | | | | Ensco plc | | ENSCO International Incorporated | | Pride International LLC | | Other Non-Guarantor Subsidiaries of Ensco | | Consolidating Adjustments | | Total | | | | | | | | | | | | | NET (LOSS) INCOME | $ | (25.7 | ) | | $ | 8.7 |
| | $ | 7.6 |
| | $ | 50.4 |
| | $ | (65.6 | ) | | $ | (24.6 | ) | OTHER COMPREHENSIVE INCOME, NET | | | | | | | | | | | | Net change in fair value of derivatives | — |
| | 3.1 |
| | — |
| | — |
| | — |
| | 3.1 |
| Reclassification of net losses on derivative instruments from other comprehensive income into net income | — |
| | .9 |
| | — |
| | — |
| | — |
| | .9 |
| Other | — |
| | — |
| | — |
| | .5 |
| | — |
| | .5 |
| NET OTHER COMPREHENSIVE INCOME | — |
| | 4.0 |
|
| — |
|
| .5 |
|
| — |
|
| 4.5 |
| COMPREHENSIVE (LOSS) INCOME | (25.7 | ) | | 12.7 |
|
| 7.6 |
|
| 50.9 |
|
| (65.6 | ) |
| (20.1 | ) | COMPREHENSIVE INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS | — |
| | — |
| | — |
| | (1.1 | ) | | — |
| | (1.1 | ) | COMPREHENSIVE (LOSS) INCOME ATTRIBUTABLE TO ENSCO | $ | (25.7 | ) | | $ | 12.7 |
|
| $ | 7.6 |
|
| $ | 49.8 |
|
| $ | (65.6 | ) |
| $ | (21.2 | ) |
ENSCO PLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME Three Months Ended March 31, 2016 (in millions) (Unaudited)
| | | | | | | | | | | | | | | | | | | | | | | | | | Ensco plc | | ENSCO International Incorporated | | Pride International LLC | | Other Non-Guarantor Subsidiaries of Ensco | | Consolidating Adjustments | | Total | | | | | | | | | | | | | NET INCOME (LOSS) | $ | 175.3 |
| | $ | (.4 | ) | | $ | 34.5 |
| | $ | 272.7 |
| | $ | (305.4 | ) | | $ | 176.7 |
| OTHER COMPREHENSIVE INCOME (LOSS), NET | | | | | | | | | | |
| Net change in fair value of derivatives | — |
| | 3.5 |
| | — |
| | — |
| | — |
| | 3.5 |
| Reclassification of net losses on derivative instruments from other comprehensive income into net income | — |
| | 5.9 |
| | — |
| | — |
| | — |
| | 5.9 |
| Other | — |
| | — |
| | — |
| | (.1 | ) | | — |
| | (.1 | ) | NET OTHER COMPREHENSIVE INCOME (LOSS) | — |
|
| 9.4 |
|
| — |
|
| (.1 | ) |
| — |
| | 9.3 |
| COMPREHENSIVE INCOME | 175.3 |
|
| 9.0 |
|
| 34.5 |
|
| 272.6 |
|
| (305.4 | ) | | 186.0 |
| COMPREHENSIVE INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS | — |
| | — |
| | — |
| | (1.4 | ) | | — |
| | (1.4 | ) | COMPREHENSIVE INCOME ATTRIBUTABLE TO ENSCO | $ | 175.3 |
|
| $ | 9.0 |
|
| $ | 34.5 |
|
| $ | 271.2 |
|
| $ | (305.4 | ) |
| $ | 184.6 |
|
ENSCO PLC AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEETS March 31, 2017 (in millions) (Unaudited)
| | | | | | | | | | | | | | | | | | | | | | | | | | Ensco plc | | ENSCO International Incorporated | | Pride International LLC | | Other Non-Guarantor Subsidiaries of Ensco | | Consolidating Adjustments | | Total | ASSETS | | | | | | | | | | | | CURRENT ASSETS | | | | | | | | | | | | Cash and cash equivalents | $ | 180.2 |
| | $ | — |
| | $ | 15.5 |
| | $ | 76.0 |
| | $ | — |
| | $ | 271.7 |
| Short-term investments | 1,800.1 |
| | 5.5 |
| | — |
| | — |
| | — |
| | 1,805.6 |
| Accounts receivable, net | 7.2 |
| | — |
| | — |
| | 316.9 |
| | — |
| | 324.1 |
| Accounts receivable from affiliates | 418.3 |
| | 298.0 |
| | — |
| | 373.0 |
| | (1,089.3 | ) | | — |
| Other | .4 |
| | 9.9 |
| | — |
| | 301.9 |
| | — |
| | 312.2 |
| Total current assets | 2,406.2 |
| | 313.4 |
|
| 15.5 |
|
| 1,067.8 |
|
| (1,089.3 | ) |
| 2,713.6 |
| PROPERTY AND EQUIPMENT, AT COST | 1.8 |
| | 121.6 |
| | — |
| | 13,178.3 |
| | — |
| | 13,301.7 |
| Less accumulated depreciation | 1.8 |
| | 68.1 |
| | — |
| | 2,111.1 |
| | — |
| | 2,181.0 |
| Property and equipment, net | — |
| | 53.5 |
|
| — |
|
| 11,067.2 |
|
| — |
|
| 11,120.7 |
| DUE FROM AFFILIATES | 1,814.0 |
| | 4,100.5 |
| | 1,982.4 |
| | 6,890.5 |
| | (14,787.4 | ) | | — |
| INVESTMENTS IN AFFILIATES | 8,549.6 |
| | 3,517.2 |
| | 1,087.6 |
| | — |
| | (13,154.4 | ) | | — |
| OTHER ASSETS, NET | — |
| | 49.0 |
| | — |
| | 175.8 |
| | (86.8 | ) | | 138.0 |
| | $ | 12,769.8 |
| | $ | 8,033.6 |
|
| $ | 3,085.5 |
|
| $ | 19,201.3 |
|
| $ | (29,117.9 | ) |
| $ | 13,972.3 |
| LIABILITIES AND SHAREHOLDERS' EQUITY | | | | | | | | | CURRENT LIABILITIES | | | | | | | | | | | | Accounts payable and accrued liabilities | $ | 55.4 |
| | $ | 32.1 |
| | $ | 15.3 |
| | $ | 405.7 |
| | $ | — |
| | $ | 508.5 |
| Accounts payable to affiliates | 233.1 |
| | 279.7 |
| | 8.1 |
| | 568.4 |
| | (1,089.3 | ) | | — |
| Current maturities of long-term debt | 2.7 |
| | — |
| | 34.9 |
| | — |
| | — |
| | 37.6 |
| Total current liabilities | 291.2 |
| | 311.8 |
|
| 58.3 |
|
| 974.1 |
|
| (1,089.3 | ) |
| 546.1 |
| DUE TO AFFILIATES | 1,382.5 |
| | 4,957.8 |
| | 2,375.5 |
| | 6,071.6 |
| | (14,787.4 | ) | | — |
| LONG-TERM DEBT | 2,870.3 |
| | 149.2 |
| | 1,253.3 |
| | 633.1 |
| | — |
| | 4,905.9 |
| OTHER LIABILITIES | — |
| | 4.7 |
| | — |
| | 376.6 |
| | (86.8 | ) | | 294.5 |
| ENSCO SHAREHOLDERS' EQUITY | 8,225.8 |
| | 2,610.1 |
| | (601.6 | ) | | 11,141.3 |
| | (13,154.4 | ) | | 8,221.2 |
| NONCONTROLLING INTERESTS | — |
| | — |
| | — |
| | 4.6 |
| | — |
| | 4.6 |
| Total equity | 8,225.8 |
| | 2,610.1 |
|
| (601.6 | ) |
| 11,145.9 |
|
| (13,154.4 | ) |
| 8,225.8 |
| | $ | 12,769.8 |
| | $ | 8,033.6 |
|
| $ | 3,085.5 |
|
| $ | 19,201.3 |
|
| $ | (29,117.9 | ) |
| $ | 13,972.3 |
|
ENSCO PLC AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEETS December 31, 2016 (in millions)
| | | | | | | | | | | | | | | | | | | | | | | | | | Ensco plc | | ENSCO International Incorporated | | Pride International LLC | | Other Non-Guarantor Subsidiaries of Ensco | | Consolidating Adjustments | | Total | ASSETS | | | | | | | | | | | | CURRENT ASSETS | | | | | | | | | | | | Cash and cash equivalents | $ | 892.6 |
| | $ | — |
| | $ | 19.8 |
| | $ | 247.3 |
| | $ | — |
| | $ | 1,159.7 |
| Short-term investments | 1,165.1 |
| | 5.5 |
| | — |
| | 272.0 |
| | — |
| | 1,442.6 |
| Accounts receivable, net | 6.8 |
| | — |
| | — |
| | 354.2 |
| | — |
| | 361.0 |
| Accounts receivable from affiliates | 486.5 |
| | 251.2 |
| | — |
| | 152.2 |
| | (889.9 | ) | | — |
| Other | .1 |
| | 6.8 |
| | — |
| | 309.1 |
| | — |
| | 316.0 |
| Total current assets | 2,551.1 |
|
| 263.5 |
|
| 19.8 |
|
| 1,334.8 |
|
| (889.9 | ) |
| 3,279.3 |
| PROPERTY AND EQUIPMENT, AT COST | 1.8 |
| | 121.0 |
| | — |
| | 12,869.7 |
| | — |
| | 12,992.5 |
| Less accumulated depreciation | 1.8 |
| | 63.8 |
| | — |
| | 2,007.6 |
| | — |
| | 2,073.2 |
| Property and equipment, net | — |
|
| 57.2 |
|
| — |
|
| 10,862.1 |
|
| — |
|
| 10,919.3 |
| DUE FROM AFFILIATES | 1,512.2 |
| | 4,513.8 |
| | 1,978.8 |
| | 7,234.4 |
| | (15,239.2 | ) | | — |
| INVESTMENTS IN AFFILIATES | 8,557.7 |
| | 3,462.3 |
| | 1,061.3 |
| | — |
| | (13,081.3 | ) | | — |
| OTHER ASSETS, NET | — |
| | 81.5 |
| | — |
| | 181.1 |
| | (86.7 | ) | | 175.9 |
| | $ | 12,621.0 |
|
| $ | 8,378.3 |
|
| $ | 3,059.9 |
|
| $ | 19,612.4 |
|
| $ | (29,297.1 | ) |
| $ | 14,374.5 |
| LIABILITIES AND SHAREHOLDERS' EQUITY | | | | | | | | | CURRENT LIABILITIES | | | | | | | | | | | | Accounts payable and accrued liabilities | $ | 44.1 |
| | $ | 45.2 |
| | $ | 28.3 |
| | $ | 404.9 |
| | $ | — |
| | $ | 522.5 |
| Accounts payable to affiliates | 38.8 |
| | 208.4 |
| | 5.9 |
| | 636.8 |
| | (889.9 | ) | | — |
| Current maturities of long-term debt | 187.1 |
| | — |
| | 144.8 |
| | — |
| | — |
| | 331.9 |
| Total current liabilities | 270.0 |
|
| 253.6 |
|
| 179.0 |
|
| 1,041.7 |
|
| (889.9 | ) |
| 854.4 |
| DUE TO AFFILIATES | 1,375.8 |
| | 5,367.6 |
| | 2,040.7 |
| | 6,455.1 |
| | (15,239.2 | ) | | — |
| LONG-TERM DEBT | 2,720.2 |
| | 149.2 |
| | 1,449.5 |
| | 623.7 |
| | — |
| | 4,942.6 |
| OTHER LIABILITIES | — |
| | 2.9 |
| | — |
| | 406.3 |
| | (86.7 | ) | | 322.5 |
| ENSCO SHAREHOLDERS' EQUITY | 8,255.0 |
| | 2,605.0 |
| | (609.3 | ) | | 11,081.2 |
| | (13,081.3 | ) | | 8,250.6 |
| NONCONTROLLING INTERESTS | — |
| | — |
| | — |
| | 4.4 |
| | — |
| | 4.4 |
| Total equity | 8,255.0 |
| | 2,605.0 |
|
| (609.3 | ) |
| 11,085.6 |
|
| (13,081.3 | ) |
| 8,255.0 |
| | $ | 12,621.0 |
| | $ | 8,378.3 |
|
| $ | 3,059.9 |
|
| $ | 19,612.4 |
|
| $ | (29,297.1 | ) |
| $ | 14,374.5 |
|
| | | | | | | | | | | | | | | | | | | | | | | | | ENSCO PLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS Three Months Ended March 31, 2017 (in millions) (Unaudited) | | Ensco plc | | ENSCO International Incorporated | | Pride International LLC | | Other Non-guarantor Subsidiaries of Ensco | | Consolidating Adjustments | | Total | OPERATING ACTIVITIES | |
| | |
| | |
| | |
| | |
| | |
| Net cash provided by (used in) operating activities | $ | .2 |
| | $ | (19.5 | ) | | $ | (41.3 | ) | | $ | 165.2 |
| | $ | — |
| | $ | 104.6 |
| INVESTING ACTIVITIES | | | | | | | | | | | | Purchases of short-term investments | (965.0 | ) | | — |
| | — |
| | — |
| | — |
| | (965.0 | ) | Maturities of short-term investments | 330.0 |
| | — |
| | — |
| | 272.0 |
| | — |
| | 602.0 |
| Additions to property and equipment | — |
| | — |
| | — |
| | (282.6 | ) | | — |
| | (282.6 | ) | Repurchase of affiliate debt | (151.1 | ) | | — |
| | — |
| | — |
| | 151.1 |
| | — |
| Other | — |
| | — |
| | — |
| | .2 |
| | — |
| | .2 |
| Net cash used in investing activities | (786.1 | ) | | — |
|
| — |
|
| (10.4 | ) |
| 151.1 |
|
| (645.4 | ) | FINANCING ACTIVITIES | |
| | |
| | |
| | |
| | |
| |
|
| Reduction of long-term borrowings | (185.5 | ) | | — |
| | — |
| | — |
| | (151.1 | ) | | (336.6 | ) | Debt financing costs | (4.5 | ) | | — |
| | — |
| | — |
| | — |
| | (4.5 | ) | Cash dividends paid | (3.2 | ) | | — |
| | — |
| | — |
| | — |
| | (3.2 | ) | Advances from (to) affiliates | 268.2 |
| | 19.5 |
| | 37.0 |
| | (324.7 | ) | | — |
| | — |
| Other | (1.5 | ) | | — |
| | — |
| | (.9 | ) | | — |
| | (2.4 | ) | Net cash provided by (used in) financing activities | 73.5 |
| | 19.5 |
|
| 37.0 |
|
| (325.6 | ) |
| (151.1 | ) |
| (346.7 | ) | Net cash used in discontinued operations | — |
| | — |
| | — |
| | (.6 | ) | | — |
| | (.6 | ) | Effect of exchange rate changes on cash and cash equivalents | — |
| | — |
| | — |
| | .1 |
| | — |
| | .1 |
| NET DECREASE IN CASH AND CASH EQUIVALENTS | (712.4 | ) | | — |
|
| (4.3 | ) |
| (171.3 | ) |
| — |
|
| (888.0 | ) | CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD | 892.6 |
| | — |
| | 19.8 |
| | 247.3 |
| | — |
| | 1,159.7 |
| CASH AND CASH EQUIVALENTS, END OF PERIOD | $ | 180.2 |
| | $ | — |
| | $ | 15.5 |
| | $ | 76.0 |
| | $ | — |
| | $ | 271.7 |
|
| | | | | | | | | | | | | | | | | | | | | | | | | ENSCO PLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS Three Months Ended March 31, 2016 (in millions) (Unaudited) | | Ensco plc | | ENSCO International Incorporated | | Pride International LLC | | Other Non-guarantor Subsidiaries of Ensco | | Consolidating Adjustments | | Total | OPERATING ACTIVITIES | |
| | |
| | |
| | |
| | |
| | |
| Net cash (used in) provided by operating activities of continuing operations | $ | (46.3 | ) | | $ | .7 |
| | $ | (39.2 | ) | | $ | 317.9 |
| | $ | — |
| | $ | 233.1 |
| INVESTING ACTIVITIES | |
| | |
| | |
| | |
| | |
| | | Additions to property and equipment | — |
| | — |
| | — |
| | (158.1 | ) | | — |
| | (158.1 | ) | Purchases of short-term investments | 965.0 |
| | — |
| | — |
| | — |
| | — |
| | 965.0 |
| Maturities on short-term investments | (80.0 | ) | | — |
| | — |
| | — |
| | — |
| | (80.0 | ) | Other | — |
| | — |
| | — |
| | .1 |
| | — |
| | .1 |
| Net cash provided by (used in) investing activities of continuing operations | 885.0 |
| | — |
| | — |
| | (158.0 | ) | | — |
| | 727.0 |
| FINANCING ACTIVITIES | |
| | |
| | |
| | |
| | |
| | | Cash dividends paid | (2.4 | ) | | — |
| | — |
| | — |
| | — |
| | (2.4 | ) | Advances from (to) affiliates | 119.8 |
| | (.7 | ) | | 39.2 |
| | (158.3 | ) | | — |
| | — |
| Other | (.4 | ) | | — |
| | — |
| | (.1 | ) | | — |
| | (.5 | ) | Net cash provided by (used in) financing activities | 117.0 |
| | (.7 | ) | | 39.2 |
| | (158.4 | ) | | — |
| | (2.9 | ) | Net cash provided by discontinued operations | — |
| | — |
| | — |
| | 5.6 |
| | — |
| | 5.6 |
| Effect of exchange rate changes on cash and cash equivalents | — |
| | — |
| | — |
| | (.1 | ) | | — |
| | (.1 | ) | NET INCREASE IN CASH AND CASH EQUIVALENTS | 955.7 |
| | — |
| | — |
| | 7.0 |
| | — |
| | 962.7 |
| CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD | 94.0 |
| | — |
| | 2.0 |
| | 25.3 |
| | — |
| | 121.3 |
| CASH AND CASH EQUIVALENTS, END OF PERIOD | $ | 1,049.7 |
| | $ | — |
| | $ | 2.0 |
| | $ | 32.3 |
| | $ | — |
| | $ | 1,084.0 |
|
|