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Condensed consolidating financial information (Tables)
 6 Months Ended
Aug. 04, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Condensed Income Statement
Condensed Consolidated Income Statement
For the 13 weeks ended August 4, 2018
(Unaudited)
(in millions)
Signet
Jewelers
Limited
 
Signet UK
Finance plc
 
Guarantor
Subsidiaries
 
Non-
Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Sales
$
—

 
$
—

 
$
1,296.3

 
$
123.8

 
$
—

 
$
1,420.1

Cost of sales
—

 
—

 
(867.3
)
 
(62.6
)
 
—

 
(929.9
)
Restructuring charges - cost of sales
—

 
—

 
(57.5
)
 
(5.7
)
 
—

 
(63.2
)
Gross margin
—

 
—

 
371.5

 
55.5

 
—

 
427.0

Selling, general and administrative expenses
(0.4
)
 
—

 
(407.7
)
 
(36.7
)
 
—

 
(444.8
)
Credit transaction, net
—

 
—

 
(23.9
)
 
—

 
—

 
(23.9
)
Restructuring charges
—

 
—

 
(19.6
)
 
—

 
—

 
(19.6
)
Other operating income (loss), net
—

 
—

 
(1.1
)
 
4.3

 
—

 
3.2

Operating (loss) income
(0.4
)
 
—

 
(80.8
)
 
23.1

 
—

 
(58.1
)
Intra-entity interest income (expense)
(1.7
)
 
4.7

 
(109.1
)
 
106.1

 
—

 
—

Interest expense, net
—

 
(4.9
)
 
(4.6
)
 
0.1

 
—

 
(9.4
)
Other non-operating income
—

 
—

 
0.5

 
—

 
—

 
0.5

(Loss) income before income taxes
(2.1
)
 
(0.2
)
 
(194.0
)
 
129.3

 
—

 
(67.0
)
Income taxes
—

 
0.1

 
25.1

 
18.8

 
—

 
44.0

Equity in income of subsidiaries
(20.9
)
 
—

 
(207.8
)
 
(221.0
)
 
449.7

 
—

Net (loss) income
$
(23.0
)
 
$
(0.1
)
 
$
(376.7
)
 
$
(72.9
)
 
$
449.7

 
$
(23.0
)
Dividends on redeemable convertible preferred shares
(8.2
)
 
—

 
—

 
—

 
—

 
(8.2
)
Net (loss) income attributable to common shareholders
$
(31.2
)
 
$
(0.1
)
 
$
(376.7
)
 
$
(72.9
)
 
$
449.7

 
$
(31.2
)

Condensed Consolidated Income Statement
For the 13 weeks ended July 29, 2017
(Unaudited)
(in millions)
Signet
Jewelers
Limited
 
Signet UK
Finance plc
 
Guarantor
Subsidiaries
 
Non-
Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Sales
$
—

 
$
—

 
$
1,322.3

 
$
77.3

 
$
—

 
$
1,399.6

Cost of sales
—

 
—

 
(927.8
)
 
(13.9
)
 
—

 
(941.7
)
Gross margin
—

 
—

 
394.5

 
63.4

 
—

 
457.9

Selling, general and administrative expenses
(0.2
)
 
—

 
(377.0
)
 
(31.8
)
 
—

 
(409.0
)
Credit transaction, net
—

 
—

 
14.8

 
—

 
—

 
14.8

Other operating income (loss), net
—

 
—

 
71.7

 
0.2

 
—

 
71.9

Operating (loss) income
(0.2
)
 
—

 
104.0

 
31.8

 
—

 
135.6

Intra-entity interest income (expense)
—

 
4.7

 
(46.4
)
 
41.7

 
—

 
—

Interest expense, net
—

 
(5.0
)
 
(4.7
)
 
(3.8
)
 
—

 
(13.5
)
(Loss) income before income taxes
(0.2
)
 
(0.3
)
 
52.9

 
69.7

 
—

 
122.1

Income taxes
—

 
0.1

 
(21.3
)
 
(7.5
)
 
—

 
(28.7
)
Equity in income of subsidiaries
93.6

 
—

 
21.6

 
34.2

 
(149.4
)
 
—

Net income (loss)
$
93.4

 
$
(0.2
)
 
$
53.2

 
$
96.4

 
$
(149.4
)
 
$
93.4

Dividends on redeemable convertible preferred shares
(8.2
)
 
—

 
—

 
—

 
—

 
(8.2
)
Net income (loss) attributable to common shareholders
$
85.2

 
$
(0.2
)
 
$
53.2

 
$
96.4

 
$
(149.4
)
 
$
85.2


Condensed Consolidated Income Statement
For the 26 weeks ended August 4, 2018
(Unaudited)
(in millions)
Signet
Jewelers
Limited
 
Signet UK
Finance plc
 
Guarantor
Subsidiaries
 
Non-
Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Sales
$
—

 
$
—

 
$
2,652.8

 
$
247.9

 
$
—

 
$
2,900.7

Cost of sales
—

 
—

 
(1,803.6
)
 
(122.1
)
 
—

 
(1,925.7
)
Restructuring charges - cost of sales
—

 
—

 
(57.5
)
 
(5.7
)
 
—

 
(63.2
)
Gross margin
—

 
—

 
791.7

 
120.1

 
—

 
911.8

Selling, general and administrative expenses
(0.5
)
 
—

 
(852.1
)
 
(75.0
)
 
—

 
(927.6
)
Credit transaction, net
—

 
—

 
(167.0
)
 
—

 
—

 
(167.0
)
Restructuring charges
—

 
—

 
(25.1
)
 
(1.0
)
 
—

 
(26.1
)
Goodwill and intangible impairments
—

 
—

 
(448.7
)
 
—

 
—

 
(448.7
)
Other operating income (loss), net
(0.1
)
 
—

 
21.5

 
3.9

 
—

 
25.3

Operating (loss) income
(0.6
)
 
—

 
(679.7
)
 
48.0

 
—

 
(632.3
)
Intra-entity interest income (expense)
(2.4
)
 
9.4

 
(153.9
)
 
146.9

 
—

 
—

Interest expense, net
—

 
(9.8
)
 
(8.6
)
 
0.1

 
—

 
(18.3
)
Other non-operating income
—

 
—

 
1.1

 
—

 
—

 
1.1

(Loss) income before income taxes
(3.0
)
 
(0.4
)
 
(841.1
)
 
195.0

 
—

 
(649.5
)
Income taxes
—

 
0.1

 
104.5

 
25.3

 
—

 
129.9

Equity in income of subsidiaries
(516.6
)
 
—

 
(772.9
)
 
(788.9
)
 
2,078.4

 
—

Net income (loss)
$
(519.6
)
 
$
(0.3
)
 
$
(1,509.5
)
 
$
(568.6
)
 
$
2,078.4

 
$
(519.6
)
Dividends on redeemable convertible preferred shares
(16.4
)
 
—

 
—

 
—

 
—

 
(16.4
)
Net income (loss) attributable to common shareholders
$
(536.0
)
 
$
(0.3
)
 
$
(1,509.5
)
 
$
(568.6
)
 
$
2,078.4

 
$
(536.0
)

Condensed Consolidated Income Statement
For the 26 weeks ended July 29, 2017
(Unaudited)
(in millions)
Signet
Jewelers
Limited
 
Signet UK
Finance plc
 
Guarantor
Subsidiaries
 
Non-
Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Sales
$
—

 
$
—

 
$
2,647.5

 
$
155.5

 
$
—

 
$
2,803.0

Cost of sales
—

 
—

 
(1,823.2
)
 
(30.7
)
 
—

 
(1,853.9
)
Gross margin
—

 
—

 
824.3

 
124.8

 
—

 
949.1

Selling, general and administrative expenses
(0.4
)
 
—

 
(798.5
)
 
(62.9
)
 
—

 
(861.8
)
Credit transaction, net
—

 
—

 
14.8

 
—

 
—

 
14.8

Other operating income (loss), net
—

 
—

 
148.9

 
(0.1
)
 
—

 
148.8

Operating (loss) income
(0.4
)
 
—

 
189.5

 
61.8

 
—

 
250.9

Intra-entity interest income (expense)
—

 
9.4

 
(91.8
)
 
82.4

 
—

 
—

Interest expense, net
—

 
(9.9
)
 
(8.8
)
 
(7.4
)
 
—

 
(26.1
)
(Loss) income before income taxes
(0.4
)
 
(0.5
)
 
88.9

 
136.8

 
—

 
224.8

Income taxes
—

 
0.1

 
(36.7
)
 
(16.3
)
 
—

 
(52.9
)
Equity in income of subsidiaries
172.3

 
—

 
30.3

 
56.5

 
(259.1
)
 
—

Net income (loss)
$
171.9

 
$
(0.4
)
 
$
82.5

 
$
177.0

 
$
(259.1
)
 
$
171.9

Dividends on redeemable convertible preferred shares
(16.4
)
 
—

 
—

 
—

 
—

 
(16.4
)
Net income (loss) attributable to common shareholders
$
155.5

 
$
(0.4
)
 
$
82.5

 
$
177.0

 
$
(259.1
)
 
$
155.5
Condensed Statement of Comprehensive Income
Condensed Consolidated Statement of Comprehensive Income (Loss)
For the 13 weeks ended August 4, 2018
(Unaudited)
(in millions)
Signet
Jewelers
Limited
 
Signet UK
Finance plc
 
Guarantor
Subsidiaries
 
Non-
Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Net (loss) income
$
(23.0
)
 
$
(0.1
)
 
$
(376.7
)
 
$
(72.9
)
 
$
449.7

 
$
(23.0
)
Other comprehensive income (loss):
 
 
 
 
 
 
 
 
 
 
 
Foreign currency translation adjustments
(15.3
)
 
—

 
(15.0
)
 
(0.3
)
 
15.3

 
(15.3
)
Available-for-sale securities:
 
 
 
 
 
 
 
 
 
 
 
Unrealized loss(1)
0.5

 
—

 
—

 
0.5

 
(0.5
)
 
0.5

Cash flow hedges:
 
 
 
 
 
 
 
 
 
 
 
Unrealized gain
(3.0
)
 
—

 
(3.0
)
 
—

 
3.0

 
(3.0
)
Reclassification adjustment for gains to net income
(0.2
)
 
—

 
(0.2
)
 
—

 
0.2

 
(0.2
)
Pension plan:
 
 
 
 
 
 
 
 
 
 
 
Actuarial loss
(6.5
)
 
—

 
(6.5
)
 
—

 
6.5

 
(6.5
)
Reclassification adjustment to net income for amortization of actuarial losses
—

 
—

 
—

 
—

 
—

 
—

Reclassification adjustment to net income for amortization of net prior service credits
0.1

 
—

 
0.1

 
—

 
(0.1
)
 
0.1

Total other comprehensive (loss) income
(24.4
)
 
—

 
(24.6
)
 
0.2

 
24.4

 
(24.4
)
Total comprehensive (loss) income
$
(47.4
)
 
$
(0.1
)
 
$
(401.3
)
 
$
(72.7
)
 
$
474.1

 
$
(47.4
)
(1) 
During the 13 weeks ended August 4, 2018, amount represents unrealized losses related to the Company’s available-for-sale debt securities. During the 13 weeks ended July 29, 2017, amount represents unrealized gains related to the Company’s available-for-sale debt and equity securities.
Condensed Consolidated Statement of Comprehensive Income (Loss)
For the 13 weeks ended July 29, 2017
(Unaudited)
(in millions)
Signet
Jewelers
Limited
 
Signet UK
Finance plc
 
Guarantor
Subsidiaries
 
Non-
Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Net income (loss)
$
93.4

 
$
(0.2
)
 
$
53.2

 
$
96.4

 
$
(149.4
)
 
$
93.4

Other comprehensive income (loss):
 
 
 
 
 
 
 
 
 
 
 
Foreign currency translation adjustments
24.6

 
—

 
24.6

 
—

 
(24.6
)
 
24.6

Available-for-sale securities:
 
 
 
 
 
 
 
 
 
 
 
Unrealized gain
0.3

 
—

 
—

 
0.3

 
(0.3
)
 
0.3

Cash flow hedges:
 
 
 
 
 
 
 
 
 
 
 
Unrealized loss
(0.9
)
 
—

 
(0.9
)
 
—

 
0.9

 
(0.9
)
Reclassification adjustment for gains to net income
(1.1
)
 
—

 
(1.1
)
 
—

 
1.1

 
(1.1
)
Pension plan:
 
 
 
 
 
 
 
 
 
 
 
Reclassification adjustment to net income for amortization of actuarial losses
0.6

 
—

 
0.6

 
—

 
(0.6
)
 
0.6

Reclassification adjustment to net income for amortization of net prior service credits
(0.4
)
 
—

 
(0.4
)
 
—

 
0.4

 
(0.4
)
Total other comprehensive income
23.1

 
—

 
22.8

 
0.3

 
(23.1
)
 
23.1

Total comprehensive income (loss)
$
116.5

 
$
(0.2
)
 
$
76.0

 
$
96.7

 
$
(172.5
)
 
$
116.5


Condensed Consolidated Statement of Comprehensive Income (Loss)
For the 26 weeks ended August 4, 2018
(Unaudited)
(in millions)
Signet
Jewelers
Limited
 
Signet UK
Finance plc
 
Guarantor
Subsidiaries
 
Non-
Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Net income (loss)
$
(519.6
)
 
$
(0.3
)
 
$
(1,509.5
)
 
$
(568.6
)
 
$
2,078.4

 
$
(519.6
)
Other comprehensive income (loss):
 
 
 
 
 
 
 
 
 
 
 
Foreign currency translation adjustments
(37.0
)
 
—

 
(36.5
)
 
(0.5
)
 
37.0

 
(37.0
)
Available-for-sale securities:
 
 
 
 
 
 
 
 
 
 
 
Unrealized loss(1)
0.3

 
—

 
—

 
0.3

 
(0.3
)
 
0.3

Impact from adoption of new accounting pronouncements(2)
(0.8
)
 
—

 
—

 
(0.8
)
 
0.8

 
(0.8
)
Cash flow hedges:
 
 
 
 
 
 
 
 
 
 
 
Unrealized gain
(1.5
)
 
—

 
(1.5
)
 
—

 
1.5

 
(1.5
)
Reclassification adjustment for gains to net income
(0.5
)
 
—

 
(0.5
)
 
—

 
0.5

 
(0.5
)
Pension plan:
 
 
 
 
 
 
 
 
 
 
 
Actuarial loss
(6.5
)
 
—

 
(6.5
)
 
—

 
6.5

 
(6.5
)
Reclassification adjustment to net income for amortization of actuarial losses
0.3

 
—

 
0.3

 
—

 
(0.3
)
 
0.3

Total other comprehensive income
(45.7
)
 
—

 
(44.7
)
 
(1.0
)
 
45.7

 
(45.7
)
Total comprehensive income (loss)
$
(565.3
)
 
$
(0.3
)
 
$
(1,554.2
)
 
$
(569.6
)
 
$
2,124.1

 
$
(565.3
)
(1) 
During the 26 weeks ended August 4, 2018, amount represents unrealized losses related to the Company’s available-for-sale debt securities. During the 26 weeks ended July 29, 2017, amount represents unrealized gains related to the Company’s available-for-sale debt and equity securities.
(2) 
Adjustment reflects the reclassification of unrealized gains related to the Company’s equity security investments as of February 3, 2018 from AOCI into retained earnings associated with the adoption of ASU 2016-1.
Condensed Consolidated Statement of Comprehensive Income (Loss)
For the 26 weeks ended July 29, 2017
(Unaudited)
(in millions)
Signet
Jewelers
Limited
 
Signet UK
Finance plc
 
Guarantor
Subsidiaries
 
Non-
Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Net income (loss)
$
171.9

 
$
(0.4
)
 
$
82.5

 
$
177.0

 
$
(259.1
)
 
$
171.9

Other comprehensive income (loss):
 
 
 
 
 
 
 
 
 
 
 
Foreign currency translation adjustments
25.1

 
—

 
25.1

 
—

 
(25.1
)
 
25.1

Available-for-sale securities:
 
 
 
 
 
 
 
 
 
 
 
Unrealized gain
0.5

 
—

 
—

 
0.5

 
(0.5
)
 
0.5

Cash flow hedges:
 
 
 
 
 
 
 
 
 
 
 
Unrealized gain
1.8

 
—

 
1.8

 
—

 
(1.8
)
 
1.8

Reclassification adjustment for gains to net income
(2.5
)
 
—

 
(2.5
)
 
—

 
2.5

 
(2.5
)
Pension plan:
 
 
 
 
 
 
 
 
 
 
 
Reclassification adjustment to net income for amortization of actuarial losses
1.2

 
—

 
1.2

 
—

 
(1.2
)
 
1.2

Reclassification adjustment to net income for amortization of net prior service credits
(0.7
)
 
—

 
(0.7
)
 
—

 
0.7

 
(0.7
)
Total other comprehensive income
25.4

 
—

 
24.9

 
0.5

 
(25.4
)
 
25.4

Total comprehensive income (loss)
$
197.3

 
$
(0.4
)
 
$
107.4

 
$
177.5

 
$
(284.5
)
 
$
197.3
Condensed Balance Sheet
Condensed Consolidated Balance Sheet
August 4, 2018
(Unaudited)
(in millions)
Signet
Jewelers
Limited
 
Signet UK
Finance plc
 
Guarantor
Subsidiaries
 
Non-
Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Assets
 
 
 
 
 
 
 
 
 
 
 
Current assets:
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
0.9

 
$
0.1

 
$
64.6

 
$
68.5

 
$
—

 
$
134.1

Accounts receivable, held for sale
—

 
—

 
4.6

 
—

 
—

 
4.6

Accounts receivable, net
—

 
—

 
5.9

 
0.6

 
—

 
6.5

Intra-entity receivables, net
—

 
3.1

 
—

 
178.3

 
(181.4
)
 
—

Other receivables
—

 
—

 
57.7

 
25.7

 
—

 
83.4

Other current assets
—

 
—

 
154.1

 
1.8

 
—

 
155.9

Income taxes
—

 
—

 
77.3

 
41.9

 
—

 
119.2

Inventories
—

 
—

 
2,298.6

 
65.2

 
—

 
2,363.8

Total current assets
0.9

 
3.2

 
2,662.8

 
382.0

 
(181.4
)
 
2,867.5

Non-current assets:
 
 
 
 
 
 
 
 
 
 
 
Property, plant and equipment, net
—

 
—

 
812.8

 
7.3

 
—

 
820.1

Goodwill
—

 
—

 
206.3

 
302.7

 
—

 
509.0

Intangible assets, net
—

 
—

 
267.3

 
74.0

 
—

 
341.3

Investment in subsidiaries
2,107.2

 
—

 
335.9

 
(243.3
)
 
(2,199.8
)
 
—

Intra-entity receivables, net
—

 
400.0

 
—

 
2,598.0

 
(2,998.0
)
 
—

Other assets
—

 
—

 
151.4

 
18.2

 
—

 
169.6

Deferred tax assets
—

 
—

 
2.1

 
0.1

 
—

 
2.2

Retirement benefit asset
—

 
—

 
31.1

 
—

 
—

 
31.1

Total assets
$
2,108.1

 
$
403.2

 
$
4,469.7

 
$
3,139.0

 
$
(5,379.2
)
 
$
4,740.8

Liabilities and Shareholders’ equity
 
 
 
 
 
 
 
 
 
 
 
Current liabilities:
 
 
 
 
 
 
 
 
 
 
 
Loans and overdrafts
$
—

 
$
(0.7
)
 
$
112.1

 
$
—

 
$
—

 
$
111.4

Accounts payable
—

 
—

 
206.6

 
30.1

 
—

 
236.7

Intra-entity payables, net
66.0

 
—

 
115.4

 
—

 
(181.4
)
 
—

Accrued expenses and other current liabilities
27.6

 
2.4

 
394.2

 
16.2

 
—

 
440.4

Deferred revenue
—

 
—

 
263.9

 
12.4

 
—

 
276.3

Total current liabilities
93.6

 
1.7

 
1,092.2

 
58.7

 
(181.4
)
 
1,064.8

Non-current liabilities:
 
 
 
 
 
 
 
 
 
 
 
Long-term debt
—

 
395.6

 
275.5

 
—

 
—

 
671.1

Intra-entity payables, net
—

 
—

 
2,998.0

 
—

 
(2,998.0
)
 
—

Other liabilities
—

 
—

 
230.8

 
5.3

 
—

 
236.1

Deferred revenue
—

 
—

 
663.3

 
—

 
—

 
663.3

Deferred tax liabilities
—

 
—

 
74.6

 
16.4

 
—

 
91.0

Total liabilities
93.6

 
397.3

 
5,334.4

 
80.4

 
(3,179.4
)
 
2,726.3

Series A redeemable convertible preferred shares
614.4

 
—

 
—

 
—

 
—

 
614.4

Total shareholders’ equity (deficit)
1,400.1

 
5.9

 
(864.7
)
 
3,058.6

 
(2,199.8
)
 
1,400.1

Total liabilities, redeemable convertible preferred shares and shareholders’ equity
$
2,108.1

 
$
403.2

 
$
4,469.7

 
$
3,139.0

 
$
(5,379.2
)
 
$
4,740.8

Condensed Consolidated Balance Sheet
February 3, 2018

(in millions)
Signet
Jewelers
Limited
 
Signet UK
Finance plc
 
Guarantor
Subsidiaries
 
Non-
Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Assets
 
 
 
 
 
 
 
 
 
 
 
Current assets:
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
1.7

 
$
0.1

 
$
150.5

 
$
72.8

 
$
—

 
$
225.1

Accounts receivable, net
—

 
—

 
692.5

 
—

 
—

 
692.5

Intra-entity receivables, net
—

 
2.9

 
—

 
166.9

 
(169.8
)
 
—

Other receivables
—

 
—

 
62.0

 
25.2

 
—

 
87.2

Other current assets
—

 
—

 
154.4

 
3.8

 
—

 
158.2

Income taxes
—

 
—

 
2.6

 
—

 
—

 
2.6

Inventories
—

 
—

 
2,201.3

 
79.2

 
—

 
2,280.5

Total current assets
1.7

 
3.0

 
3,263.3

 
347.9

 
(169.8
)
 
3,446.1

Non-current assets:
 
 
 
 
 
 
 
 
 
 
 
Property, plant and equipment, net
—

 
—

 
870.1

 
7.8

 
—

 
877.9

Goodwill
—

 
—

 
516.4

 
305.3

 
—

 
821.7

Intangible assets, net
—

 
—

 
410.9

 
70.6

 
—

 
481.5

Investment in subsidiaries
3,150.2

 
—

 
1,163.6

 
606.0

 
(4,919.8
)
 
—

Intra-entity receivables, net
—

 
400.0

 
—

 
2,859.0

 
(3,259.0
)
 
—

Other assets
—

 
—

 
140.1

 
31.1

 
—

 
171.2

Deferred tax assets
—

 
—

 
1.3

 
0.1

 
—

 
1.4

Retirement benefit asset
—

 
—

 
39.8

 
—

 
—

 
39.8

Total assets
$
3,151.9

 
$
403.0

 
$
6,405.5

 
$
4,227.8

 
$
(8,348.6
)
 
$
5,839.6

Liabilities and Shareholders’ equity
 
 
 
 
 
 
 
 
 
 
 
Current liabilities:
 
 
 
 
 
 
 
 
 
 
 
Loans and overdrafts
$
—

 
$
(0.7
)
 
$
44.7

 
$
—

 
$
—

 
$
44.0

Accounts payable
—

 
—

 
202.2

 
34.8

 
—

 
237.0

Intra-entity payables, net
11.3

 
—

 
158.5

 
—

 
(169.8
)
 
—

Accrued expenses and other current liabilities
27.2

 
2.4

 
397.5

 
20.9

 
—

 
448.0

Deferred revenue
—

 
—

 
276.2

 
12.4

 
—

 
288.6

Income taxes
—

 
(0.2
)
 
36.7

 
(16.9
)
 
—

 
19.6

Total current liabilities
38.5

 
1.5

 
1,115.8

 
51.2

 
(169.8
)
 
1,037.2

Non-current liabilities:
 
 
 
 
 
 
 
 
 
 
 
Long-term debt
—

 
395.2

 
293.0

 
—

 
—

 
688.2

Intra-entity payables, net
—

 
—

 
3,259.0

 
—

 
(3,259.0
)
 
—

Other liabilities
—

 
—

 
233.0

 
6.6

 
—

 
239.6

Deferred revenue
—

 
—

 
668.9

 
—

 
—

 
668.9

Deferred tax liabilities
—

 
—

 
76.7

 
15.6

 
—

 
92.3

Total liabilities
38.5

 
396.7

 
5,646.4

 
73.4

 
(3,428.8
)
 
2,726.2

Series A redeemable convertible preferred shares
613.6

 
—

 
—

 
—

 
—

 
613.6

Total shareholders’ equity
2,499.8

 
6.3

 
759.1

 
4,154.4

 
(4,919.8
)
 
2,499.8

Total liabilities, redeemable convertible preferred shares and shareholders’ equity
$
3,151.9

 
$
403.0

 
$
6,405.5

 
$
4,227.8

 
$
(8,348.6
)
 
$
5,839.6



Condensed Consolidated Balance Sheet
July 29, 2017
(Unaudited)
(in millions)
Signet
Jewelers
Limited
 
Signet UK
Finance plc
 
Guarantor
Subsidiaries
 
Non-
Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Assets
 
 
 
 
 
 
 
 
 
 
 
Current assets:
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
0.7

 
$
0.1

 
$
90.2

 
$
28.1

 
$
—

 
$
119.1

Accounts receivable, held for sale
—

 
—

 
1,055.6

 
—

 
—

 
1,055.6

Accounts receivable, net
—

 
—

 
664.5

 
—

 
—

 
664.5

Intra-entity receivables, net
113.1

 
3.1

 
—

 
162.4

 
(278.6
)
 
—

Other receivables
—

 
—

 
63.3

 
27.9

 
—

 
91.2

Other current assets
—

 
—

 
123.5

 
5.0

 
—

 
128.5

Income taxes
—

 
—

 
1.8

 
—

 
—

 
1.8

Inventories
—

 
—

 
2,214.7

 
67.4

 
—

 
2,282.1

Total current assets
113.8

 
3.2

 
4,213.6

 
290.8

 
(278.6
)
 
4,342.8

Non-current assets:
 
 
 
 
 
 
 
 
 
 
 
Property, plant and equipment, net
—

 
—

 
832.6

 
4.0

 
—

 
836.6

Goodwill
—

 
—

 
516.3

 
3.6

 
—

 
519.9

Intangible assets, net
—

 
—

 
413.9

 
—

 
—

 
413.9

Investment in subsidiaries
2,703.1

 
—

 
532.8

 
390.8

 
(3,626.7
)
 
—

Intra-entity receivables, net
—

 
400.0

 
—

 
3,440.0

 
(3,840.0
)
 
—

Other assets
—

 
—

 
133.6

 
31.5

 
—

 
165.1

Deferred tax assets
—

 
—

 
—

 
—

 
—

 
—

Retirement benefit asset
—

 
—

 
35.5

 
—

 
—

 
35.5

Total assets
$
2,816.9

 
$
403.2

 
$
6,678.3

 
$
4,160.7

 
$
(7,745.3
)
 
$
6,313.8

Liabilities and Shareholders’ equity
 
 
 
 
 
 
 
Current liabilities:
 
 
 
 
 
 
 
 
 
 
 
Loans and overdrafts
$
—

 
$
(0.7
)
 
$
340.1

 
$
600.0

 
$
—

 
$
939.4

Accounts payable
—

 
—

 
142.7

 
5.5

 
—

 
148.2

Intra-entity payables, net
—

 
—

 
278.6

 
—

 
(278.6
)
 
—

Accrued expenses and other current liabilities
27.6

 
2.4

 
375.9

 
20.7

 
—

 
426.6

Deferred revenue
—

 
—

 
262.3

 
—

 
—

 
262.3

Income taxes
—

 
(0.1
)
 
30.1

 
3.5

 
—

 
33.5

Total current liabilities
27.6

 
1.6

 
1,429.7

 
629.7

 
(278.6
)
 
1,810.0

Non-current liabilities:
 
 
 
 
 
 
 
 
 
 
 
Long-term debt
—

 
394.8

 
310.5

 
—

 
—

 
705.3

Intra-entity payables, net
—

 
—

 
3,840.0

 
—

 
(3,840.0
)
 
—

Other liabilities
—

 
—

 
241.4

 
5.7

 
—

 
247.1

Deferred revenue
—

 
—

 
658.8

 
—

 
—

 
658.8

Deferred tax liabilities
—

 
—

 
103.3

 
—

 
—

 
103.3

Total liabilities
27.6

 
396.4

 
6,583.7

 
635.4

 
(4,118.6
)
 
3,524.5

Series A redeemable convertible preferred shares
612.7

 
—

 
—

 
—

 
—

 
612.7

Total shareholders’ equity (deficit)
2,176.6

 
6.8

 
94.6

 
3,525.3

 
(3,626.7
)
 
2,176.6

Total liabilities, redeemable convertible preferred shares and shareholders’ equity
$
2,816.9

 
$
403.2

 
$
6,678.3

 
$
4,160.7

 
$
(7,745.3
)
 
$
6,313.8
Condensed Cash Flow Statement
Condensed Consolidated Statement of Cash Flows
For the 26 weeks ended August 4, 2018
(Unaudited)

(in millions)
Signet
Jewelers
Limited
 
Signet UK
Finance plc
 
Guarantor
Subsidiaries
 
Non-
Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Net cash provided by operating activities
$
467.5

 
$
0.2

 
$
227.7

 
$
227.7

 
$
(470.5
)
 
$
452.6

Investing activities
 
 
 
 
 
 
 
 
 
 
 
Purchase of property, plant and equipment
—

 
—

 
(55.1
)
 
(1.0
)
 
—

 
(56.1
)
Proceeds from sale of assets
—

 
—

 
—

 
5.5

 
—

 
5.5

Purchase of available-for-sale securities
—

 
—

 
—

 
(0.6
)
 
—

 
(0.6
)
Proceeds from available-for-sale securities
—

 
—

 
—

 
8.5

 
—

 
8.5

Net cash used in investing activities
—

 
—

 
(55.1
)
 
12.4

 
—

 
(42.7
)
Financing activities
 
 
 
 
 
 
 
 
 
 
 
Dividends paid on common shares
(40.6
)
 
—

 
—

 
—

 
—

 
(40.6
)
Dividends paid on redeemable convertible preferred shares
(15.6
)
 
—

 
—

 
—

 
—

 
(15.6
)
Intra-entity dividends paid
—

 
—

 
—

 
(470.5
)
 
470.5

 
—

Repurchase of common shares
(485.0
)
 
—

 
—

 
—

 
—

 
(485.0
)
Repayments of term and bridge loans
—

 
—

 
(13.4
)
 
—

 
—

 
(13.4
)
Proceeds from revolving credit facility
—

 
—

 
308.0

 
—

 
—

 
308.0

Repayments of revolving credit facility
—

 
—

 
(237.0
)
 
—

 
—

 
(237.0
)
Repayments of bank overdrafts
—

 
—

 
(8.1
)
 
—

 
—

 
(8.1
)
Other financing activities
(2.1
)
 
—

 
—

 
—

 
—

 
(2.1
)
Intra-entity activity, net
75.0

 
(0.2
)
 
(302.0
)
 
227.2

 
—

 
—

Net cash (used in) provided by financing activities
(468.3
)
 
(0.2
)
 
(252.5
)
 
(243.3
)
 
470.5

 
(493.8
)
Cash and cash equivalents at beginning of period
1.7

 
0.1

 
150.5

 
72.8

 
—

 
225.1

(Decrease) increase in cash and cash equivalents
(0.8
)
 
—

 
(79.9
)
 
(3.2
)
 
—

 
(83.9
)
Effect of exchange rate changes on cash and cash equivalents
—

 
—

 
(6.0
)
 
(1.1
)
 
—

 
(7.1
)
Cash and cash equivalents at end of period
$
0.9

 
$
0.1

 
$
64.6

 
$
68.5

 
$
—

 
$
134.1


Condensed Consolidated Statement of Cash Flows
For the 26 weeks ended July 29, 2017
(Unaudited)

(in millions)
Signet
Jewelers
Limited
 
Signet UK
Finance plc
 
Guarantor
Subsidiaries
 
Non-
Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Net cash provided by operating activities
$
617.7

 
$
0.1

 
$
479.3

 
$
430.7

 
$
(1,118.0
)
 
$
409.8

Investing activities
 
 
 
 
 
 
 
 
 
 
 
Purchase of property, plant and equipment
—

 
—

 
(105.6
)
 
(0.1
)
 
—

 
(105.7
)
Purchase of available-for-sale securities
—

 
—

 
—

 
(1.3
)
 
—

 
(1.3
)
Proceeds from available-for-sale securities
—

 
—

 
—

 
0.6

 
—

 
0.6

Net cash used in investing activities
—

 
—

 
(105.6
)
 
(0.8
)
 
—

 
(106.4
)
Financing activities
 
 
 
 
 
 
 
 
 
 
 
Dividends paid on common shares
(39.0
)
 
—

 
—

 
—

 
—

 
(39.0
)
Dividends paid on redeemable convertible preferred shares
(19.1
)
 
—

 
—

 
—

 
—

 
(19.1
)
Intra-entity dividends paid
—

 
—

 
(800.0
)
 
(318.0
)
 
1,118.0

 
—

Repurchase of common shares
(460.0
)
 
—

 
—

 
—

 
—

 
(460.0
)
Repayments of term loan
—

 
—

 
(9.0
)
 
—

 
—

 
(9.0
)
Proceeds from securitization facility
—

 
—

 
—

 
1,242.9

 
—

 
1,242.9

Repayments of securitization facility
—

 
—

 
—

 
(1,242.9
)
 
—

 
(1,242.9
)
Proceeds from revolving credit facility
—

 
—

 
550.0

 
—

 
—

 
550.0

Repayments of revolving credit facility
—

 
—

 
(303.0
)
 
—

 
—

 
(303.0
)
Proceeds from bank overdrafts
—

 
—

 
(3.1
)
 
—

 
—

 
(3.1
)
Other financing activities
(3.0
)
 
—

 
—

 
—

 
—

 
(3.0
)
Intra-entity activity, net
(97.6
)
 
(0.1
)
 
208.1

 
(110.4
)
 
—

 
—

Net cash (used in) provided by financing activities
(618.7
)
 
(0.1
)
 
(357.0
)
 
(428.4
)
 
1,118.0

 
(286.2
)
Cash and cash equivalents at beginning of period
1.7

 
0.1

 
70.3

 
26.6

 
—

 
98.7

(Decrease) increase in cash and cash equivalents
(1.0
)
 
—

 
16.7

 
1.5

 
—

 
17.2

Effect of exchange rate changes on cash and cash equivalents
—

 
—

 
3.2

 
—

 
—

 
3.2

Cash and cash equivalents at end of period
$
0.7

 
$
0.1

 
$
90.2

 
$
28.1

 
$
—

 
$
119.1