XML 59 R48.htm IDEA: XBRL DOCUMENT v3.19.1
Condensed consolidating financial information (Tables)
 3 Months Ended
May 04, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Condensed Income Statement


Condensed Consolidated Statement of Operations
For the 13 weeks ended May 4, 2019
(Unaudited)
(in millions)
Signet
Jewelers
Limited
 
Signet UK
Finance plc
 
Guarantor
Subsidiaries
 
Non-
Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Sales
$
—

 
$
—

 
$
1,316.9

 
$
114.8

 
$
—

 
$
1,431.7

Cost of sales
—

 
—

 
(854.0
)
 
(78.3
)
 
—

 
(932.3
)
Gross margin
—

 
—

 
462.9

 
36.5

 
—

 
499.4

Selling, general and administrative expenses
—

 
—

 
(462.4
)
 
(12.8
)
 
—

 
(475.2
)
Restructuring charges
—

 
—

 
(25.8
)
 
(1.0
)
 
—

 
(26.8
)
Other operating income (loss), net
—

 
—

 
(0.1
)
 
0.1

 
—

 
—

Operating income (loss)
—

 
—

 
(25.4
)
 
22.8

 
—

 
(2.6
)
Intra-entity interest income (expense)
(0.7
)
 
4.7

 
(48.4
)
 
44.4

 
—

 
—

Interest expense, net
—

 
(5.0
)
 
(4.3
)
 
0.1

 
—

 
(9.2
)
Other non-operating income
—

 
—

 
0.3

 
—

 
—

 
0.3

Income (loss) before income taxes
(0.7
)
 
(0.3
)
 
(77.8
)
 
67.3

 
—

 
(11.5
)
Income taxes
—

 
0.1

 
8.8

 
(7.4
)
 
—

 
1.5

Equity in income (loss) of subsidiaries
(9.3
)
 
—

 
(79.7
)
 
(65.4
)
 
154.4

 
—

Net income (loss)
$
(10.0
)
 
$
(0.2
)
 
$
(148.7
)
 
$
(5.5
)
 
$
154.4

 
$
(10.0
)
Dividends on redeemable convertible preferred shares
(8.2
)
 
—

 
—

 
—

 
—

 
(8.2
)
Net income (loss) attributable to common shareholders
$
(18.2
)
 
$
(0.2
)
 
$
(148.7
)
 
$
(5.5
)
 
$
154.4

 
$
(18.2
)

Condensed Consolidated Statement of Operations
For the 13 weeks ended May 5, 2018
(Unaudited)
(in millions)
Signet
Jewelers
Limited
 
Signet UK
Finance plc
 
Guarantor
Subsidiaries
 
Non-
Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Sales
$
—

 
$
—

 
$
1,356.5

 
$
124.1

 
$
—

 
$
1,480.6

Cost of sales
—

 
—

 
(936.3
)
 
(59.5
)
 
—

 
(995.8
)
Gross margin
—

 
—

 
420.2

 
64.6

 
—

 
484.8

Selling, general and administrative expenses
(0.1
)
 
—

 
(444.4
)
 
(38.3
)
 
—

 
(482.8
)
Credit transaction, net
—

 
—

 
(143.1
)
 
—

 
—

 
(143.1
)
Restructuring charges
—

 
—

 
(5.5
)
 
(1.0
)
 
—

 
(6.5
)
Goodwill and intangible impairments
—

 
—

 
(448.7
)
 
—

 
—

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

 
22.6

 
(0.4
)
 
—

 
22.1

Operating income (loss)
(0.2
)
 
—

 
(598.9
)
 
24.9

 
—

 
(574.2
)
Intra-entity interest income (expense)
(0.7
)
 
4.7

 
(44.8
)
 
40.8

 
—

 
—

Interest expense, net
—

 
(4.9
)
 
(4.0
)
 
—

 
—

 
(8.9
)
Other non-operating income
—

 
—

 
0.6

 
—

 
—

 
0.6

Income (loss) before income taxes
(0.9
)
 
(0.2
)
 
(647.1
)
 
65.7

 
—

 
(582.5
)
Income taxes
—

 
—

 
79.4

 
6.5

 
—

 
85.9

Equity in income (loss) of subsidiaries
(495.7
)
 
—

 
(565.1
)
 
(567.9
)
 
1,628.7

 
—

Net income (loss)
$
(496.6
)
 
$
(0.2
)
 
$
(1,132.8
)
 
$
(495.7
)
 
$
1,628.7

 
$
(496.6
)
Dividends on redeemable convertible preferred shares
(8.2
)
 
—

 
—

 
—

 
—

 
(8.2
)
Net income (loss) attributable to common shareholders
$
(504.8
)
 
$
(0.2
)
 
$
(1,132.8
)
 
$
(495.7
)
 
$
1,628.7

 
$
(504.8
)
Condensed Statement of Comprehensive Income

Condensed Consolidated Statement of Comprehensive Income (Loss)
For the 13 weeks ended May 4, 2019
(Unaudited)
(in millions)
Signet
Jewelers
Limited
 
Signet UK
Finance plc
 
Guarantor
Subsidiaries
 
Non-
Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Net income (loss)
$
(10.0
)
 
$
(0.2
)
 
$
(148.7
)
 
$
(5.5
)
 
$
154.4

 
$
(10.0
)
Other comprehensive income (loss):
 
 
 
 
 
 
 
 
 
 
 
Foreign currency translation adjustments
(2.0
)
 
—

 
(2.0
)
 
—

 
2.0

 
(2.0
)
Available-for-sale securities:
 
 
 
 
 
 
 
 
 
 
 
Unrealized gain
0.3

 
—

 
—

 
0.3

 
(0.3
)
 
0.3

Cash flow hedges:
 
 
 
 
 
 
 
 
 
 
 
Unrealized gain
(3.2
)
 
—

 
(3.2
)
 
—

 
3.2

 
(3.2
)
Reclassification adjustment for gains to net income
(0.4
)
 
—

 
(0.4
)
 
—

 
0.4

 
(0.4
)
Pension plan:
 
 
 
 
 
 
 
 
 
 
 
Reclassification adjustment to net income for amortization of actuarial losses
0.2

 
—

 
0.2

 
—

 
(0.2
)
 
0.2

Total other comprehensive income (loss)
(5.1
)
 
—

 
(5.4
)
 
0.3

 
5.1

 
(5.1
)
Total comprehensive income (loss)
$
(15.1
)
 
$
(0.2
)
 
$
(154.1
)
 
$
(5.2
)
 
$
159.5

 
$
(15.1
)

Condensed Consolidated Statement of Comprehensive Income (Loss)
For the 13 weeks ended May 5, 2018
(Unaudited)
(in millions)
Signet
Jewelers
Limited
 
Signet UK
Finance plc
 
Guarantor
Subsidiaries
 
Non-
Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Net income (loss)
$
(496.6
)
 
$
(0.2
)
 
$
(1,132.8
)
 
$
(495.7
)
 
$
1,628.7

 
$
(496.6
)
Other comprehensive income (loss):
 
 
 
 
 
 
 
 
 
 
 
Foreign currency translation adjustments
(21.7
)
 
—

 
(21.5
)
 
(0.2
)
 
21.7

 
(21.7
)
Available-for-sale securities:
 
 
 
 
 
 
 
 
 
 
 
Unrealized gain
(0.2
)
 
—

 
—

 
(0.2
)
 
0.2

 
(0.2
)
Impact from adoption of new accounting pronouncements(1)
(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
(0.3
)
 
—

 
(0.3
)
 
—

 
0.3

 
(0.3
)
Pension plan:
 
 
 
 
 
 
 
 
 
 
 
Reclassification adjustment to net income for amortization of actuarial losses
0.3

 
—

 
0.3

 
—

 
(0.3
)
 
0.3

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

 
(0.1
)
 
—

 
0.1

 
(0.1
)
Total other comprehensive income
(21.3
)
 
—

 
(20.1
)
 
(1.2
)
 
21.3

 
(21.3
)
Total comprehensive income (loss)
$
(517.9
)
 
$
(0.2
)
 
$
(1,152.9
)
 
$
(496.9
)
 
$
1,650.0

 
$
(517.9
)

(1) 
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 Balance Sheet
Condensed Consolidated Balance Sheet
May 4, 2019
(Unaudited)
(in millions)
Signet
Jewelers
Limited
 
Signet UK
Finance plc
 
Guarantor
Subsidiaries
 
Non-
Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Assets
 
 
 
 
 
 
 
 
 
 
 
Current assets:
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
0.4

 
$
0.1

 
$
133.7

 
$
60.9

 
$
—

 
$
195.1

Accounts receivable
—

 
—

 
13.4

 
9.7

 
—

 
23.1

Intra-entity receivables, net
—

 
11.8

 
30.7

 
297.2

 
(339.7
)
 
—

Other current assets
—

 
—

 
171.8

 
33.7

 
—

 
205.5

Income taxes
—

 
—

 
4.3

 
0.5

 
—

 
4.8

Inventories
—

 
—

 
2,309.0

 
85.2

 
—

 
2,394.2

Total current assets
0.4

 
11.9

 
2,662.9

 
487.2

 
(339.7
)
 
2,822.7

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

 
—

 
765.5

 
10.6

 
—

 
776.1

Operating lease right-of-use assets
—

 
—

 
1,814.7

 
8.1

 
—

 
1,822.8

Goodwill
—

 
—

 
206.1

 
90.3

 
—

 
296.4

Intangible assets, net
—

 
—

 
243.3

 
20.8

 
—

 
264.1

Investment in subsidiaries
2,144.9

 
—

 
(96.3
)
 
(382.4
)
 
(1,666.2
)
 
—

Intra-entity receivables, net
—

 
400.0

 
—

 
2,583.0

 
(2,983.0
)
 
—

Other assets
—

 
—

 
165.9

 
23.3

 
—

 
189.2

Deferred tax assets
—

 
—

 
25.9

 
(3.9
)
 
—

 
22.0

Total assets
$
2,145.3

 
$
411.9

 
$
5,788.0

 
$
2,837.0

 
$
(4,988.9
)
 
$
6,193.3

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

 
$
(0.7
)
 
$
44.4

 
$
—

 
$
—

 
$
43.7

Accounts payable
—

 
—

 
176.1

 
62.2

 
—

 
238.3

Intra-entity payables, net
339.7

 
—

 
—

 
—

 
(339.7
)
 
—

Accrued expenses and other current liabilities
28.5

 
7.1

 
362.0

 
22.6

 
—

 
420.2

Deferred revenue
—

 
—

 
266.7

 
10.3

 
—

 
277.0

Operating lease liabilities
—

 
—

 
357.0

 
1.9

 
—

 
358.9

Income taxes
—

 
—

 
23.8

 
0.3

 
—

 
24.1

Total current liabilities
368.2

 
6.4

 
1,230.0

 
97.3

 
(339.7
)
 
1,362.2

Non-current liabilities:
 
 
 
 
 
 
 
 
 
 
 
Long-term debt
—

 
396.2

 
242.8

 
—

 
—

 
639.0

Intra-entity payables, net
—

 
—

 
2,983.0

 
—

 
(2,983.0
)
 
—

Operating lease liabilities
—

 
—

 
1,583.2

 
6.2

 
—

 
1,589.4

Other liabilities
—

 
—

 
121.4

 
4.6

 
—

 
126.0

Deferred revenue
—

 
—

 
699.6

 
—

 
—

 
699.6

Total liabilities
368.2

 
402.6

 
6,860.0

 
108.1

 
(3,322.7
)
 
4,416.2

Series A redeemable convertible preferred shares
615.7

 
—

 
—

 
—

 
—

 
615.7

Total shareholders’ equity (deficit)
1,161.4

 
9.3

 
(1,072.0
)
 
2,728.9

 
(1,666.2
)
 
1,161.4

Total liabilities, redeemable convertible preferred shares and shareholders’ equity
$
2,145.3

 
$
411.9

 
$
5,788.0

 
$
2,837.0

 
$
(4,988.9
)
 
$
6,193.3

Condensed Consolidated Balance Sheet
February 2, 2019

(in millions)
Signet
Jewelers
Limited
 
Signet UK
Finance plc
 
Guarantor
Subsidiaries
 
Non-
Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Assets
 
 
 
 
 
 
 
 
 
 
 
Current assets:
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
0.2

 
$
0.1

 
$
146.7

 
$
48.4

 
$
—

 
$
195.4

Accounts receivable
—

 
—

 
14.3

 
9.4

 
—

 
23.7

Intra-entity receivables, net
—

 
7.9

 
83.4

 
220.0

 
(311.3
)
 
—

Other current assets
—

 
—

 
215.9

 
28.1

 
—

 
244.0

Income taxes
—

 
—

 
5.1

 
0.7

 
—

 
5.8

Inventories
—

 
—

 
2,302.6

 
84.3

 
—

 
2,386.9

Total current assets
0.2

 
8.0

 
2,768.0

 
390.9

 
(311.3
)
 
2,855.8

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

 
—

 
789.6

 
10.9

 
—

 
800.5

Goodwill
—

 
—

 
206.3

 
90.3

 
—

 
296.6

Intangible assets, net
—

 
—

 
244.0

 
21.0

 
—

 
265.0

Investment in subsidiaries
2,155.7

 
—

 
(15.7
)
 
(305.5
)
 
(1,834.5
)
 
—

Intra-entity receivables, net
—

 
400.0

 
—

 
2,588.0

 
(2,988.0
)
 
—

Other assets
—

 
—

 
164.0

 
17.2

 
—

 
181.2

Deferred tax assets
—

 
—

 
24.5

 
(3.5
)
 
—

 
21.0

Total assets
$
2,155.9

 
$
408.0

 
$
4,180.7

 
$
2,809.3

 
$
(5,133.8
)
 
$
4,420.1

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

 
$
(0.7
)
 
$
79.5

 
$
—

 
$
—

 
$
78.8

Accounts payable
—

 
—

 
119.7

 
34.0

 
—

 
153.7

Intra-entity payables, net
311.3

 
—

 
—

 
—

 
(311.3
)
 
—

Accrued expenses and other current liabilities
27.7

 
2.4

 
450.4

 
22.3

 
—

 
502.8

Deferred revenue
—

 
—

 
257.6

 
12.4

 
—

 
270.0

Income taxes
—

 
0.8

 
26.4

 
0.5

 
—

 
27.7

Total current liabilities
339.0

 
2.5

 
933.6

 
69.2

 
(311.3
)
 
1,033.0

Non-current liabilities:
 
 
 
 
 
 
 
 
 
 
 
Long-term debt
—

 
396.0

 
253.6

 
—

 
—

 
649.6

Intra-entity payables, net
—

 
—

 
2,988.0

 
—

 
(2,988.0
)
 
—

Other liabilities
—

 
—

 
219.4

 
4.7

 
—

 
224.1

Deferred revenue
—

 
—

 
696.5

 
—

 
—

 
696.5

Deferred tax liabilities
—

 
—

 
—

 
—

 
—

 
—

Total liabilities
339.0

 
398.5

 
5,091.1

 
73.9

 
(3,299.3
)
 
2,603.2

Series A redeemable convertible preferred shares
615.3

 
—

 
—

 
—

 
—

 
615.3

Total shareholders’ equity (deficit)
1,201.6

 
9.5

 
(910.4
)
 
2,735.4

 
(1,834.5
)
 
1,201.6

Total liabilities, redeemable convertible preferred shares and shareholders’ equity
$
2,155.9

 
$
408.0

 
$
4,180.7

 
$
2,809.3

 
$
(5,133.8
)
 
$
4,420.1



Condensed Consolidated Balance Sheet
May 5, 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
$
1.3

 
$
0.1

 
$
102.5

 
$
50.0

 
$
—

 
$
153.9

Accounts receivable
—

 
—

 
490.4

 
1.0

 
—

 
491.4

Intra-entity receivables, net
—

 
7.8

 
—

 
237.3

 
(245.1
)
 
—

Other current assets
—

 
—

 
208.6

 
28.2

 
—

 
236.8

Income taxes
—

 
—

 
32.0

 
23.2

 
—

 
55.2

Inventories
—

 
—

 
2,360.6

 
68.4

 
—

 
2,429.0

Total current assets
1.3

 
7.9

 
3,194.1

 
408.1

 
(245.1
)
 
3,366.3

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

 
—

 
839.7

 
7.5

 
—

 
847.2

Goodwill
—

 
—

 
206.4

 
302.7

 
—

 
509.1

Intangible assets, net
—

 
—

 
268.4

 
74.8

 
—

 
343.2

Investment in subsidiaries
2,571.8

 
—

 
579.4

 
15.6

 
(3,166.8
)
 
—

Intra-entity receivables, net
—

 
400.0

 
—

 
2,825.0

 
(3,225.0
)
 
—

Other assets
—

 
—

 
176.4

 
29.9

 
—

 
206.3

Deferred tax assets
—

 
—

 
0.8

 
—

 
—

 
0.8

Total assets
$
2,573.1

 
$
407.9

 
$
5,265.2

 
$
3,663.6

 
$
(6,636.9
)
 
$
5,272.9

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

 
$
(0.7
)
 
$
73.0

 
$
—

 
$
—

 
$
72.3

Accounts payable
—

 
—

 
257.2

 
30.3

 
—

 
287.5

Intra-entity payables, net
36.3

 
—

 
208.8

 
—

 
(245.1
)
 
—

Accrued expenses and other current liabilities
30.2

 
7.1

 
403.7

 
22.7

 
—

 
463.7

Deferred revenue
—

 
—

 
272.1

 
12.8

 
—

 
284.9

Total current liabilities
66.5

 
6.4

 
1,214.8

 
65.8

 
(245.1
)
 
1,108.4

Non-current liabilities:
 
 
 
 
 
 
 
 
 
 
 
Long-term debt
—

 
395.4

 
284.3

 
—

 
—

 
679.7

Intra-entity payables, net
—

 
—

 
3,225.0

 
—

 
(3,225.0
)
 
—

Other liabilities
—

 
—

 
231.5

 
5.0

 
—

 
236.5

Deferred revenue
—

 
—

 
667.5

 
—

 
—

 
667.5

Deferred tax liabilities
—

 
—

 
57.5

 
16.7

 
—

 
74.2

Total liabilities
66.5

 
401.8

 
5,680.6

 
87.5

 
(3,470.1
)
 
2,766.3

Series A redeemable convertible preferred shares
614.0

 
—

 
—

 
—

 
—

 
614.0

Total shareholders’ equity (deficit)
1,892.6

 
6.1

 
(415.4
)
 
3,576.1

 
(3,166.8
)
 
1,892.6

Total liabilities, redeemable convertible preferred shares and shareholders’ equity
$
2,573.1

 
$
407.9

 
$
5,265.2

 
$
3,663.6

 
$
(6,636.9
)
 
$
5,272.9
Condensed Cash Flow Statement
Condensed Consolidated Statement of Cash Flows
For the 13 weeks ended May 4, 2019
(Unaudited)

(in millions)
Signet
Jewelers
Limited
 
Signet UK
Finance plc
 
Guarantor
Subsidiaries
 
Non-
Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Net cash provided by (used in) operating activities
$
(0.1
)
 
$
3.9

 
$
9.3

 
$
92.3

 
$
—

 
$
105.4

Investing activities
 
 
 
 
 
 
 
 
 
 
 
Purchase of property, plant and equipment
—

 
—

 
(24.6
)
 
—

 
—

 
(24.6
)
Purchase of available-for-sale securities
—

 
—

 
—

 
(6.1
)
 
—

 
(6.1
)
Proceeds from available-for-sale securities
—

 
—

 
—

 
0.3

 
—

 
0.3

Net cash provided by (used in) investing activities
—

 
—

 
(24.6
)
 
(5.8
)
 
—

 
(30.4
)
Financing activities
 
 
 
 
 
 
 
 
 
 
 
Dividends paid on common shares
(19.2
)
 
—

 
—

 
—

 
—

 
(19.2
)
Dividends paid on redeemable convertible preferred shares
(7.8
)
 
—

 
—

 
—

 
—

 
(7.8
)
Repayments of term and bridge loans
—

 
—

 
(8.9
)
 
—

 
—

 
(8.9
)
Repayments of bank overdrafts
—

 
—

 
(37.3
)
 
—

 
—

 
(37.3
)
Other financing activities
(1.5
)
 
—

 
—

 
—

 
—

 
(1.5
)
Intra-entity activity, net
28.8

 
(3.9
)
 
49.2

 
(74.1
)
 
—

 
—

Net cash provided by (used in) financing activities
0.3

 
(3.9
)
 
3.0

 
(74.1
)
 
—

 
(74.7
)
Cash and cash equivalents at beginning of period
0.2

 
0.1

 
146.7

 
48.4

 
—

 
195.4

Increase (decrease) in cash and cash equivalents
0.2

 
—

 
(12.4
)
 
12.5

 
—

 
0.3

Effect of exchange rate changes on cash and cash equivalents
—

 
—

 
(0.6
)
 
—

 
—

 
(0.6
)
Cash and cash equivalents at end of period
$
0.4

 
$
0.1

 
$
133.7

 
$
60.9

 
$
—

 
$
195.1


Condensed Consolidated Statement of Cash Flows
For the 13 weeks ended May 5, 2018
(Unaudited)

(in millions)
Signet
Jewelers
Limited
 
Signet UK
Finance plc
 
Guarantor
Subsidiaries
 
Non-
Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Net cash provided by (used in) operating activities
$
61.2

 
$
4.9

 
$
(68.0
)
 
$
93.4

 
$
(63.6
)
 
$
27.9

Investing activities
 
 
 
 
 
 
 
 
 
 
 
Purchase of property, plant and equipment
—

 
—

 
(25.9
)
 
(0.2
)
 
—

 
(26.1
)
Purchase of available-for-sale securities
—

 
—

 
—

 
(0.4
)
 
—

 
(0.4
)
Proceeds from available-for-sale securities
—

 
—

 
—

 
1.1

 
—

 
1.1

Net cash provided by (used in) investing activities
—

 
—

 
(25.9
)
 
0.5

 
—

 
(25.4
)
Financing activities
 
 
 
 
 
 
 
 
 
 
 
Dividends paid on common shares
(18.8
)
 
—

 
—

 
—

 
—

 
(18.8
)
Dividends paid on redeemable convertible preferred shares
(7.8
)
 
—

 
—

 
—

 
—

 
(7.8
)
Intra-entity dividends paid
—

 
—

 
—

 
(63.6
)
 
63.6

 
—

Repurchase of common shares
(60.0
)
 
—

 
—

 
—

 
—

 
(60.0
)
Proceeds from term and bridge loans
—

 
—

 
(6.7
)
 
—

 
—

 
(6.7
)
Proceeds from revolving credit facility
—

 
—

 
40.0

 
—

 
—

 
40.0

Repayments of revolving credit facility
—

 
—

 
(13.9
)
 
—

 
—

 
(13.9
)
Other financing activities
(2.1
)
 
—

 
—

 
—

 
—

 
(2.1
)
Intra-entity activity, net
27.1

 
(4.9
)
 
30.8

 
(53.0
)
 
—

 
—

Net cash provided by (used in) financing activities
(61.6
)
 
(4.9
)
 
50.2

 
(116.6
)
 
63.6

 
(69.3
)
Cash and cash equivalents at beginning of period
1.7

 
0.1

 
150.5

 
72.8

 
—

 
225.1

Increase (decrease) in cash and cash equivalents
(0.4
)
 
—

 
(43.7
)
 
(22.7
)
 
—

 
(66.8
)
Effect of exchange rate changes on cash and cash equivalents
—

 
—

 
(4.3
)
 
(0.1
)
 
—

 
(4.4
)
Cash and cash equivalents at end of period
$
1.3

 
$
0.1

 
$
102.5

 
$
50.0

 
$
—

 
$
153.9