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Financial Information for Guarantor Subsidiaries and Non-Guarantor Subsidiaries
 12 Months Ended
Dec. 31, 2017
Financial Information for Guarantor Subsidiaries and Non-Guarantor Subsidiaries [Abstract]  
Financial Information for Guarantor Subsidiaries and Non-Guarantor Subsidiaries
Financial Information for Guarantor Subsidiaries and Non-Guarantor Subsidiaries
We conduct substantially all of our business through our U.S. and foreign subsidiaries. As of December 31, 2017, SGI's obligations under the 2020 Notes, the 2021 Notes, the Secured Notes and the Unsecured Notes were fully and unconditionally and jointly and severally guaranteed by SGC and the Guarantor Subsidiaries other than SGI. We redeemed all of the outstanding 2018 Notes on March 17, 2017, which were previously issued by SGC and fully and unconditionally and jointly and severally guaranteed by the Guarantor Subsidiaries. The guarantees of our 2020 Notes, 2021 Notes, Secured Notes and Unsecured Notes will terminate under the following customary circumstances: (1) the sale or disposition of the capital stock of the guarantor (including by consolidation or merger of the guarantor into another person); (2) the liquidation or dissolution of the guarantor; (3) the defeasance or satisfaction and discharge of the notes; (4) the release of the guarantor from any guarantees of indebtedness of SGC and SGI; and (5) the proper designation of the guarantor as an unrestricted subsidiary pursuant to the indenture governing the respective Notes. The guarantees of our 2018 Notes were released in connection with the redemption of the 2018 Notes.

Presented below is condensed consolidating financial information for (1) SGC, (2) SGI, (3) the Guarantor Subsidiaries and (4) the Non-Guarantor Subsidiaries as of December 31, 2017 and December 31, 2016 and for the years ended December 31, 2017, 2016 and 2015. The condensed consolidating financial information has been presented to show the nature of assets held, results of operations and cash flows of SGC, SGI, the Guarantor Subsidiaries and the Non-Guarantor Subsidiaries assuming the current guarantee structures of the 2018 Notes, the 2020 Notes, the 2021 Notes, the Secured Notes and the Unsecured Notes were in effect at the beginning of the periods presented. 
     The condensed consolidating financial information reflects the investments of SGC in SGI and in the Guarantor Subsidiaries and Non-Guarantor Subsidiaries using the equity method of accounting. They also reflect the investments of the Guarantor Subsidiaries in the Non-Guarantor Subsidiaries. Net changes in intercompany due from/due to accounts are reported in the accompanying Supplemental Condensed Consolidating Statements of Cash Flows as investing activities if the applicable entities have a net investment (asset) in intercompany accounts and as a financing activity if the applicable entities have a net intercompany borrowing (liability) balance.    
As disclosed in Note 1, the Company retrospectively adopted ASU 2016-18 at the beginning of the first quarter of 2017, which adoption is reflected in these supplemental condensed consolidating statements of cash flows.
SUPPLEMENTAL CONDENSED CONSOLIDATING BALANCE SHEET
December 31, 2017
 
 
SGC (Parent and Issuer1)
 
SGI (Issuer2)
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminating
Entries
 
Consolidated
Assets
 
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
$
732.6

 
$
—

 
$
—

 
$
59.4

 
$
(3.2
)
 
$
788.8

Restricted cash
 
—

 
0.6

 
28.3

 
0.1

 
—

 
29.0

Accounts receivable, net
 
0.4

 
68.1

 
192.6

 
279.8

 
—

 
540.9

Notes receivable, net
 
—

 
—

 
121.1

 
22.4

 
—

 
143.5

Inventories
 
—

 
40.7

 
91.8

 
131.8

 
(21.2
)
 
243.1

Prepaid expenses, deposits and other current assets
 
6.5

 
30.3

 
41.6

 
52.7

 
—

 
131.1

Property and equipment, net
 
28.8

 
91.5

 
295.6

 
179.9

 
(27.6
)
 
568.2

Investment in subsidiaries
 
3,098.7

 
867.9

 
987.7

 
—

 
(4,954.3
)
 
—

Goodwill
 
—

 
240.3

 
1,880.4

 
835.4

 
—

 
2,956.1

Intangible assets, net
 
15.7

 
34.9

 
1,335.3

 
218.7

 
—

 
1,604.6

Intercompany balances
 
—

 
5,889.8

 
—

 
222.5

 
(6,112.3
)
 
—

Software, net
 
67.2

 
24.7

 
199.0

 
48.5

 
—

 
339.4

Other assets(3)
 
234.4

 
388.8

 
62.0

 
270.3

 
(574.9
)
 
380.6

Total assets
 
$
4,184.3

 
$
7,677.6

 
$
5,235.4

 
$
2,321.5

 
$
(11,693.5
)
 
$
7,725.3

Liabilities and stockholders’ (deficit) equity
 


 


 


 


 


 
 
Current portion of long-term debt
 
$
—

 
$
32.8

 
$
—

 
$
7.5

 
$
—

 
$
40.3

Other current liabilities
 
67.6

 
199.0

 
254.2

 
206.4

 
(27.7
)
 
699.5

Long-term debt, excluding current portion
 
—

 
8,733.0

 
—

 
3.3

 
—

 
8,736.3

Other long-term liabilities
 
68.8

 
11.3

 
650.3

 
110.9

 
(565.1
)
 
276.2

Intercompany balances
 
6,074.9

 
—

 
37.4

 
—

 
(6,112.3
)
 
—

Stockholders’ (deficit) equity
 
(2,027.0
)
 
(1,298.5
)
 
4,293.5

 
1,993.4

 
(4,988.4
)
 
(2,027.0
)
Total liabilities and stockholders’ (deficit) equity
 
$
4,184.3

 
$
7,677.6

 
$
5,235.4

 
$
2,321.5

 
$
(11,693.5
)
 
$
7,725.3




1 - Issuer of obligations under the 2018 Notes, which were redeemed on March 17, 2017. 
2 - Issuer of obligations under the 2020 Notes, the 2021 Notes, the Secured Notes and the Unsecured Notes. 
3 - Includes $15.6 million and $0.7 million in non-current restricted cash for Guarantor Subsidiaries and Non-Guarantor Subsidiaries, respectively.  








SUPPLEMENTAL CONDENSED CONSOLIDATING BALANCE SHEET
December 31, 2016
 
 
SGC (Parent and Issuer1)
 
SGI (Issuer2)
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminating
Entries
 
Consolidated
Assets
 
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
$
32.7

 
$
1.7

 
$
—

 
$
81.8

 
$
(1.1
)
 
$
115.1

Restricted cash
 
—

 
—

 
24.6

 
0.1

 
—

 
24.7

Accounts receivable, net
 
—

 
61.4

 
199.2

 
234.4

 
—

 
495.0

Notes receivable, net
 
—

 
—

 
94.4

 
31.0

 
—

 
125.4

Inventories
 
—

 
40.3

 
83.1

 
138.1

 
(19.2
)
 
242.3

Prepaid expenses, deposits and other current assets
 
11.6

 
15.7

 
45.6

 
41.2

 
—

 
114.1

Property and equipment, net
 
5.6

 
98.4

 
369.3

 
154.9

 
(16.0
)
 
612.2

Investment in subsidiaries
 
3,000.7

 
926.7

 
944.0

 
—

 
(4,871.4
)
 
—

Goodwill
 
—

 
188.3

 
1,931.6

 
768.5

 
—

 
2,888.4

Intangible assets, net
 
185.8

 
37.5

 
1,343.0

 
202.0

 
—

 
1,768.3

Intercompany balances
 
—

 
5,415.1

 
—

 
116.6

 
(5,531.7
)
 
—

Software, net
 
74.7

 
21.4

 
264.6

 
48.4

 
—

 
409.1

Other assets(3)
 
233.6

 
236.5

 
50.8

 
173.5

 
(401.6
)
 
292.8

Total assets
 
$
3,544.7

 
$
7,043.0

 
$
5,350.2

 
$
1,990.5

 
$
(10,841.0
)
 
$
7,087.4

Liabilities and stockholders’ (deficit) equity
 
 

 
 

 
 

 
 

 
 

 


Current portion of long-term debt
 
$
—

 
$
43.0

 
$
—

 
$
6.3

 
$
—

 
$
49.3

Other current liabilities
 
100.5

 
158.7

 
216.3

 
168.7

 
(1.1
)
 
643.1

Long-term debt, excluding current portion
 
248.7

 
7,767.3

 
—

 
8.9

 
—

 
8,024.9

Other long-term liabilities
 
159.0

 
12.4

 
468.8

 
67.2

 
(401.6
)
 
305.8

Intercompany balances
 
4,972.2

 
—

 
559.5

 
—

 
(5,531.7
)
 
—

Stockholders’ (deficit) equity
 
(1,935.7
)
 
(938.4
)
 
4,105.6

 
1,739.4

 
(4,906.6
)
 
(1,935.7
)
Total liabilities and stockholders’ (deficit) equity
 
$
3,544.7

 
$
7,043.0

 
$
5,350.2

 
$
1,990.5

 
$
(10,841.0
)
 
$
7,087.4



1 - Issuer of obligations under the 2018 Notes, which were redeemed on March 17, 2017. 
2 - Issuer of obligations under the 2020 Notes, the 2021 Notes, the Secured Notes and the Unsecured Notes. 
3 - Includes $16.4 million and $0.7 million in non-current restricted cash for Guarantor Subsidiaries and Non-Guarantor Subsidiaries, respectively.  


SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENT OF
OPERATIONS AND COMPREHENSIVE (LOSS) INCOME
Year Ended December 31, 2017
 
 
SGC (Parent and Issuer1)
 
SGI (Issuer2)
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminating
Entries
 
Consolidated
Revenue
 
$
—

 
$
498.1

 
$
1,683.9

 
$
1,223.3

 
$
(321.7
)
 
$
3,083.6

Cost of instant games, cost of services and cost of product sales (3)
 
—

 
341.9

 
511.0

 
629.1

 
(317.4
)
 
1,164.6

Selling, general and administrative
 
127.1

 
41.3

 
244.4

 
250.2

 
(49.9
)
 
613.1

Research and development
 
2.1

 
6.5

 
101.3

 
74.2

 
—

 
184.1

Depreciation, amortization and impairments
 
71.6

 
31.3

 
462.7

 
128.0

 
(10.8
)
 
682.8

Restructuring and other
 
29.7

 
5.1

 
7.3

 
3.8

 
—

 
45.9

Operating (loss) income
 
(230.5
)
 
72.0

 
357.2

 
138.0

 
56.4

 
393.1

Interest expense
 
(4.6
)
 
(603.9
)
 
—

 
(1.2
)
 
—

 
(609.7
)
Loss on debt financing transactions

 
(1.1
)
 
(37.0
)
 
—

 
—

 
—

 
(38.1
)
Other income (expense), net
 
87.7

 
150.4

 
(184.7
)
 
(26.5
)
 
—

 
26.9

Net (loss) income before equity in (loss) income of subsidiaries and income taxes
 
(148.5
)
 
(418.5
)
 
172.5

 
110.3

 
56.4

 
(227.8
)
Equity in (loss) income of subsidiaries
 
(45.4
)
 
67.6

 
21.9

 
—

 
(44.1
)
 
—

Income tax (expense) benefit
 
(48.4
)
 
157.9

 
(85.6
)
 
(38.4
)
 
—

 
(14.5
)
Net (loss) income
 
$
(242.3
)
 
$
(193.0
)
 
$
108.8

 
$
71.9

 
$
12.3

 
$
(242.3
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Other comprehensive income
 
133.9

 
10.3

 
65.8

 
128.7

 
(204.8
)
 
133.9

Comprehensive (loss) income
 
$
(108.4
)
 
$
(182.7
)
 
$
174.6

 
$
200.6

 
$
(192.5
)
 
$
(108.4
)

1 - Issuer of obligations under the 2018 Notes, which were redeemed on March 17, 2017. 
2 - Issuer of obligations under the 2020 Notes, the 2021 Notes, the Secured Notes and the Unsecured Notes. 
3 - Exclusive of D&A. 


SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENT OF
OPERATIONS AND COMPREHENSIVE LOSS
Year Ended December 31, 2016
 
 
SGC (Parent and Issuer1)
 
SGI (Issuer2)
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminating
Entries
 
Consolidated
Revenue
 
$
—

 
$
469.5

 
$
1,583.5

 
$
1,148.6

 
$
(318.2
)
 
$
2,883.4

Cost of instant games, cost of services and cost of product sales (3)
 
—

 
328.6

 
480.9

 
553.8

 
(257.0
)
 
1,106.3

Selling, general and administrative
 
121.0

 
46.9

 
213.8

 
235.9

 
(40.6
)
 
577.0

Research and development
 
6.1

 
10.7

 
145.2

 
42.8

 
—

 
204.8

Depreciation, amortization and impairments
 
53.5

 
40.9

 
534.6

 
116.0

 
(6.3
)
 
738.7

Goodwill impairment
 
—

 
—

 
—

 
69.0

 
—

 
69.0

Restructuring and other
 
32.6

 
4.6

 
11.7

 
8.1

 
—

 
57.0

Operating (loss) income
 
(213.2
)
 
37.8

 
197.3

 
123.0

 
(14.3
)
 
130.6

Interest expense
 
(21.0
)
 
(640.2
)
 
—

 
(0.2
)
 
—

 
(661.4
)
Gain on debt financing transactions
 
—

 
25.2

 
—

 
—

 
—

 
25.2

Other (expense) income, net
 
64.0

 
194.4

 
(227.3
)
 
(4.2
)
 
—

 
26.9

Net (loss) before equity in (loss) income of subsidiaries and income taxes
 
(170.2
)
 
(382.8
)
 
(30.0
)
 
118.6

 
(14.3
)
 
(478.7
)
Equity in (loss) income of subsidiaries
 
(180.1
)
 
48.5

 
61.1

 
—

 
70.5

 
—

Income tax (expense) benefit
 
(3.4
)
 
138.2

 
15.9

 
(25.7
)
 
—

 
125.0

Net (loss) income
 
$
(353.7
)
 
$
(196.1
)
 
$
47.0

 
$
92.9

 
$
56.2

 
$
(353.7
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Other comprehensive loss
 
(111.4
)
 
(1.7
)
 
(43.1
)
 
(135.1
)
 
179.9

 
(111.4
)
Comprehensive (loss) income
 
$
(465.1
)
 
$
(197.8
)
 
$
3.9

 
$
(42.2
)
 
$
236.1

 
$
(465.1
)

1 - Issuer of obligations under the 2018 Notes, which were redeemed on March 17, 2017. 
2 - Issuer of obligations under the 2020 Notes, the 2021 Notes, the Secured Notes and the Unsecured Notes. 
3 - Exclusive of D&A. 



SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENT OF
OPERATIONS AND COMPREHENSIVE LOSS
Year Ended December 31, 2015

 
 
SGC (Parent and Issuer1)
 
SGI (Issuer2)
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminating
Entries
 
Consolidated
Revenue
 
$
—

 
$
446.9

 
$
1,540.5

 
$
1,110.0

 
$
(338.6
)
 
$
2,758.8

Cost of instant games, cost of services and cost of product sales (3)
 
—

 
322.1

 
522.7

 
597.9

 
(338.6
)
 
1,104.1

Selling, general and administrative
 
62.0

 
67.6

 
244.0

 
194.1

 
—

 
567.7

Research and development
 
—

 
5.5

 
139.3

 
39.1

 
—

 
183.9

Depreciation, amortization and impairments
 
33.7

 
40.4

 
681.4

 
147.7

 
—

 
903.2

Goodwill impairments
 
—

 
67.6

 
802.9

 
132.1

 
—

 
1,002.6

Restructuring and other
 
6.1

 
1.3

 
11.2

 
3.3

 
—

 
21.9

Operating loss
 
(101.8
)
 
(57.6
)
 
(861.0
)
 
(4.2
)
 
—

 
(1,024.6
)
Interest expense
 
(21.0
)
 
(643.2
)
 
—

 
(0.7
)
 
—

 
(664.9
)
Other (expense) income, net
 
(21.0
)
 
204.9

 
(167.3
)
 
(21.3
)
 
—

 
(4.7
)
Net loss before equity in (loss) income of subsidiaries and income taxes
 
(143.8
)
 
(495.9
)
 
(1,028.3
)
 
(26.2
)
 
—

 
(1,694.2
)
Equity in (loss) income of subsidiaries
 
(1,288.3
)
 
6.5

 
(137.2
)
 
—

 
1,419.0

 
—

Income tax benefit (expense)
 
37.8

 
16.6

 
290.0

 
(44.5
)
 
—

 
299.9

Net loss
 
$
(1,394.3
)
 
$
(472.8
)
 
$
(875.5
)
 
$
(70.7
)
 
$
1,419.0

 
$
(1,394.3
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Other comprehensive (loss) income
 
(127.8
)
 
(11.0
)
 
(4.4
)
 
(131.0
)
 
146.4

 
(127.8
)
Comprehensive (loss) income
 
$
(1,522.1
)
 
$
(483.8
)
 
$
(879.9
)
 
$
(201.7
)
 
$
1,565.4

 
$
(1,522.1
)

1 - Issuer of obligations under the 2018 Notes, which were redeemed on March 17, 2017. 
2 - Issuer of obligations under the 2020 Notes, the 2021 Notes, the Secured Notes and the Unsecured Notes. 
3 - Exclusive of D&A. 














SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
Year Ended December 31, 2017
 
 
SGC (Parent and Issuer1)
 
SGI (Issuer2)
 
Guarantor
Subsidiaries
 
Non-
Guarantor
Subsidiaries
 
Eliminating
Entries
 
Consolidated
Net cash (used in) provided by operating activities
 
$
(40.7
)
 
$
(300.0
)
 
$
567.3

 
$
282.6

 
$
(2.1
)
 
$
507.1

Cash flows from investing activities:
 
 
 
 
 
 
 
 
 
 
 
 
  Capital expenditures
 
(53.3
)
 
(31.0
)
 
(128.8
)
 
(80.6
)
 
—

 
(293.7
)
Acquisitions of businesses, net of cash acquired
 
—

 
—

 
(26.3
)
 
(31.4
)
 
—

 
(57.7
)
Acquisitions and additions to equity method investments
 
—

 
—

 
—

 
(107.3
)
 
—

 
(107.3
)
Distributions of capital from equity investments
 
—

 
—

 
—

 
34.1

 
—

 
34.1

Changes in other assets and liabilities and other
 
—

 
—

 
7.5

 
2.5

 
—

 
10.0

Other, principally change in intercompany investing activities
 
—

 
(569.1
)
 
—

 
(120.1
)
 
689.2

 
—

Net cash used in investing activities
 
(53.3
)
 
(600.1
)
 
(147.6
)
 
(302.8
)
 
689.2

 
(414.6
)
Cash flows from financing activities:
 
 
 
 
 
 
 
 
 
 
 
 
Net (payments) proceeds of long-term debt including senior notes and term loans
 
(250.0
)
 
957.7

 
—

 
(6.7
)
 
—

 
701.0

Payments of debt issuance and deferred financing costs
 
—

 
(58.7
)
 
—

 
—

 
—

 
(58.7
)
Payments on license obligations
 
(47.5
)
 
—

 
(5.1
)
 
—

 
—

 
(52.6
)
Net redemptions of common stock under stock-based compensation plans and other
 
(8.5
)
 
—

 
(1.0
)
 
—

 
—

 
(9.5
)
Other, principally change in intercompany financing activities
 
1,099.9

 
—

 
(410.7
)
 
—

 
(689.2
)
 
—

Net cash provided by (used in) financing activities
 
793.9

 
899.0

 
(416.8
)
 
(6.7
)
 
(689.2
)
 
580.2

Effect of exchange rate changes on cash, cash equivalents and restricted cash
 
—

 
—

 
—

 
4.5

 
—

 
4.5

Increase (decrease) in cash, cash equivalents and restricted cash
 
699.9

 
(1.1
)
 
2.9

 
(22.4
)
 
(2.1
)
 
677.2

Cash, cash equivalents, and restricted cash, beginning of period
 
32.7

 
1.7

 
41.0

 
82.6

 
(1.1
)
 
156.9

Cash, cash equivalents and restricted cash, end of period
 
$
732.6

 
$
0.6

 
$
43.9

 
$
60.2

 
$
(3.2
)
 
$
834.1


1 - Issuer of obligations under the 2018 Notes, which were redeemed on March 17, 2017. 
2 - Issuer of obligations under the 2020 Notes, the 2021 Notes, the Secured Notes and the Unsecured Notes. 


SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
Year Ended December 31, 2016


SGC (Parent and Issuer1)

SGI (Issuer2)

Guarantor
Subsidiaries

Non-
Guarantor
Subsidiaries

Eliminating
Entries

Consolidated
Net cash (used in) provided by operating activities
 
$
(90.4
)
 
$
(259.8
)
 
$
535.0

 
$
235.3

 
$
(1.1
)
 
$
419.0

Cash flows from investing activities:
 
 
 
 
 
 
 
 
 
 
 
 
  Capital expenditures
 
(39.1
)
 
(22.8
)
 
(149.5
)
 
(61.5
)
 
—

 
(272.9
)
Distributions of capital on equity investments
 
—

 
—

 
—

 
25.3

 
—

 
25.3

Changes in other assets and liabilities and other
 
—

 
(1.2
)
 
16.8

 
4.0

 
—

 
19.6

Other, principally change in intercompany investing activities
 
—

 
418.4

 
—

 
(194.5
)
 
(223.9
)
 
—

Net cash (used in) provided by investing activities
 
(39.1
)
 
394.4

 
(132.7
)
 
(226.7
)
 
(223.9
)
 
(228.0
)
Cash flows from financing activities:
 
 
 
 
 
 
 
 
 
 
 
 
Net payments on long-term debt
 
—

 
(132.9
)
 
—

 
(6.8
)
 
—

 
(139.7
)
  Payments on license obligations
 
(38.0
)
 
—

 
(12.2
)
 
—

 
—

 
(50.2
)
Net (redemptions) issuances of common stock under stock-based compensation plans and other
 
(6.1
)
 
—

 
—

 
—

 
—

 
(6.1
)
Other, principally change in intercompany financing activities
 
163.1

 
—

 
(387.0
)
 
—

 
223.9

 
—

Net cash provided by (used in) financing activities
 
119.0

 
(132.9
)
 
(399.2
)
 
(6.8
)
 
223.9

 
(196.0
)
Effect of exchange rate changes on cash, cash equivalents and restricted cash
 
—

 
—

 
—

 
(4.9
)
 
—

 
(4.9
)
Increase (decrease) in cash, cash equivalents and restricted cash
 
(10.5
)
 
1.7

 
3.1

 
(3.1
)
 
(1.1
)
 
(9.9
)
Cash, cash equivalents, and restricted cash, beginning of period
 
43.2

 
—

 
37.9

 
85.7

 
—

 
166.8

Cash, cash equivalents and restricted cash, end of period(3)
 
$
32.7

 
$
1.7

 
$
41.0

 
$
82.6

 
$
(1.1
)
 
$
156.9



1 - Issuer of obligations under the 2018 Notes, which were redeemed on March 17, 2017. 
2 - Issuer of obligations under the 2020 Notes, the 2021 Notes, the Secured Notes and the Unsecured Notes. 
3- The adoption of ASU 2016-18 resulted in increase to the cash, cash equivalents and restricted cash end-of period line item totaling $0, $0, $40.8, $1.0 million for SGC, SGI, Guarantor Subsidiaries and Non-Guarantor Subsidiaries, respectively, which now include restricted cash.  


SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
Year Ended December 31, 2015
 
 
SGC (Parent and Issuer1)
 
SGI (Issuer2)
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminating
Entries
 
Consolidated
Net cash provided by (used in) operating activities
 
$
(112.2
)
 
$
(350.3
)
 
$
603.2

 
$
273.5

 
$
—

 
$
414.2

Cash flows from investing activities:
 
 
 
 
 
 
 
 
 
 
 
 
Capital expenditures
 
(36.6
)
 
(24.0
)
 
(225.8
)
 
(37.2
)
 
—

 
(323.6
)
Distribution of capital on equity investments
 
—

 
1.0

 
—

 
37.7

 
—

 
38.7

Proceeds from asset sales
 
—

 
—

 
6.9

 
(0.2
)
 
—

 
6.7

Changes in other assets and liabilities and other
 
—

 
(2.9
)
 
5.9

 
5.5

 
—

 
8.5

Other, principally change in intercompany investing activities
 
—

 
509.6

 
—

 
—

 
(509.6
)
 
—

Net cash (used in) provided by investing activities
 
(36.6
)
 
483.7

 
(213.0
)
 
5.8

 
(509.6
)
 
(269.7
)
Cash flows from financing activities:
 
 
 
 
 
 
 
 
 
 
 
 
Net payments on long-term debt
 
—

 
(133.0
)
 
—

 
(8.3
)
 
—

 
(141.3
)
Payments on license obligations
 
(26.0
)
 
—

 
(14.5
)
 
—

 
—

 
(40.5
)
Net (redemptions) issuances of common stock under stock-based compensation plans and other
 
(0.8
)
 
—

 
(36.1
)
 
23.7

 
11.8

 
(1.4
)
Other, principally change in intercompany financing activities
 
180.9

 
—

 
(376.0
)
 
(302.7
)
 
497.8

 
—

Net cash provided by (used in) financing activities
 
154.1

 
(133.0
)
 
(426.6
)
 
(287.3
)
 
509.6

 
(183.2
)
Effect of exchange rate changes on cash, cash equivalents and restricted cash
 
—

 
(0.5
)
 
3.1

 
(12.9
)
 
—

 
(10.3
)
Increase (decrease) in cash, cash equivalents and restricted cash
 
5.3

 
(0.1
)
 
(33.3
)
 
(20.9
)
 
—

 
(49.0
)
Cash, cash equivalents, and restricted cash, beginning of period(3)
 
37.9

 
0.1

 
71.2

 
106.6

 
—

 
215.8

Cash, cash equivalents and restricted cash, end of period(3)
 
$
43.2

 
$
—

 
$
37.9

 
$
85.7

 
$
—

 
$
166.8


1 - Issuer of obligations under the 2018 Notes, which were redeemed on March 17, 2017. 
2 - Issuer of obligations under the 2020 Notes, the 2021 Notes, the Secured Notes and the Unsecured Notes. 
3- The adoption of ASU 2016-18 resulted in increase to the cash, cash equivalents and restricted cash beginning-of period line item totaling $0, $0, $43.9, $0.1 million for SGC, SGI, Guarantor Subsidiaries and Non-Guarantor Subsidiaries, respectively, which now include restricted cash. The adoption of ASU 2016-18 resulted in increase to the cash, cash equivalents and restricted cash end-of period line item totaling $0, $0, $37.3, $0.8 million for SGC, SGI, Guarantor Subsidiaries and Non-Guarantor Subsidiaries, respectively, which now include restricted cash.