Condensed consolidating financial information (Tables)

6 Months Ended

Aug. 02, 2014

Condensed Financial Statements

Condensed Consolidated Income Statement

For the 13 week period ended August 2, 2014

(Unaudited)

(in millions)	Signet Jewelers Limited			Signet UK Finance  plc			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Sales	$	—		$	—		$	1,207.5		$	18.4		$	—		$	1,225.9
Cost of sales		—			—			(811.4	)		(5.5	)		—			(816.9	)
Gross margin		—			—			396.1			12.9			—			409.0
Selling, general and administrative expenses		(0.4	)		—			(371.9	)		(6.9	)		—			(379.2	)
Other operating income, net		—			—			54.0			(0.3	)		—			53.7
Operating (loss) income		(0.4	)		—			78.2			5.7			—			83.5
Intercompany interest income (expense)		—			3.8			(34.8	)		31.0			—			—
Interest expense, net		—			(3.9	)		(7.8	)		(2.0	)		—			(13.7	)
(Loss) income before income taxes		(0.4	)		(0.1	)		35.6			34.7			—			69.8
Income taxes		—			—			(13.3	)		1.5			—			(11.8	)
Equity in income of subsidiaries		58.4			—			31.9			25.8			(116.1	)		—
Net income (loss)	$	58.0		$	(0.1	)	$	54.2		$	62.0		$	(116.1	)	$	58.0

Condensed Consolidated Income Statement

For the 26 week period ended August 2, 2014

(Unaudited)

(in millions)	Signet Jewelers Limited			Signet UK Finance  plc			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Sales	$	—		$	—		$	2,251.2		$	30.8		$	—		$	2,282.0
Cost of sales		—			—			(1,459.0	)		(6.8	)		—			(1,465.8	)
Gross margin		—			—			792.2			24.0			—			816.2
Selling, general and administrative expenses		(0.8	)		—			(675.7	)		(13.2	)		—			(689.7	)
Other operating income, net		—			—			106.0			1.7			—			107.7
Operating (loss) income		(0.8	)		—			222.5			12.5			—			234.2
Intercompany interest income (expense)		—			3.8			(41.8	)		38.0			—			—
Interest expense, net		—			(3.9	)		(9.6	)		(2.0	)		—			(15.5	)
(Loss) income before income taxes		(0.8	)		(0.1	)		171.1			48.5			—			218.7
Income taxes		—			—			(69.2	)		5.1			—			(64.1	)
Equity in income of subsidiaries		155.4			—			123.1			106.6			(385.1	)		—
Net income (loss)	$	154.6		$	(0.1	)	$	225.0		$	160.2		$	(385.1	)	$	154.6

Condensed Consolidated Income Statement

For the 13 week period ended August 3, 2013

(Unaudited)

(in millions)	Signet Jewelers Limited			Signet UK Finance  plc		Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Sales	$	—		$	—	$	870.3		$	9.9		$	—		$	880.2
Cost of sales		—			—		(570.2	)		(0.3	)		—			(570.5	)
Gross margin		—			—		300.1			9.6			—			309.7
Selling, general and administrative expenses		(0.7	)		—		(250.6	)		0.8			—			(250.5	)
Other operating income, net		—			—		47.6			(1.3	)		—			46.3
Operating (loss) income		(0.7	)		—		97.1			9.1			—			105.5
Intercompany interest (expense) income		—			—		(9.0	)		9.0			—			—
Interest expense, net		—			—		(1.0	)		—			—			(1.0	)
(Loss) income before income taxes		(0.7	)		—		87.1			18.1			—			104.5
Income taxes		—			—		(33.1	)		(4.0	)		—			(37.1	)
Equity in income of subsidiaries		68.1			—		59.9			54.0			(182.0	)		—
Net income	$	67.4		$	—	$	113.9		$	68.1		$	(182.0	)	$	67.4
Condensed Consolidated Income Statement For the 26 week period ended August 3, 2013 (Unaudited)
(in millions)	Signet Jewelers Limited			Signet UK Finance  plc		Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Sales	$	—		$	—	$	1,852.0		$	21.8		$	—		$	1,873.8
Cost of sales		—			—		(1,179.5	)		(1.8	)		—			(1,181.3	)
Gross margin		—			—		672.5			20.0			—			692.5
Selling, general and administrative expenses		(1.1	)		—		(536.2	)		(0.2	)		—			(537.5	)
Other operating income, net		—			—		95.0			(1.7	)		—			93.3
Operating (loss) income		(1.1	)		—		231.3			18.1			—			248.3
Intercompany interest (expense) income		—			—		(17.1	)		17.1			—			—
Interest expense, net		—			—		(1.9	)		—			—			(1.9	)
(Loss) income before income taxes		(1.1	)		—		212.3			35.2			—			246.4
Income taxes		—			—		(81.9	)		(5.3	)		—			(87.2	)
Equity in income of subsidiaries		160.3			—		143.6			130.0			(433.9	)		—
Net income	$	159.2		$	—	$	274.0		$	159.9		$	(433.9	)	$	159.2

Condensed Consolidated Statement of Comprehensive Income

For the 13 week period ended August 2, 2014

(Unaudited)

(in millions)	Signet Jewelers Limited			Signet UK Finance  plc			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net income	$	58.0		$	(0.1	)	$	54.2		$	62.0		$	(116.1	)	$	58.0
Other comprehensive income (loss):
Foreign currency translation adjustments		(2.3	)		—			(2.6	)		0.4			2.2			(2.3	)
Available-for-sale securities:
Unrealized loss		(0.2	)		—			—			(0.2	)		0.2			(0.2	)
Cash flow hedges:
Unrealized loss		(0.1	)		—			(0.1	)		—			0.1			(0.1	)
Reclassification adjustment for losses to net income		3.4			—			3.4			—			(3.4	)		3.4
Pension plan:
Actuarial gain					—			—			—			(0.4	)		—
Reclassification adjustment to net income for amortization of actuarial loss		0.4			—			0.4			—			—			0.4
Prior service benefit					—			—			—			—			—
Reclassification adjustment to net income for amortization of prior service credits		(0.4	)		—			(0.4	)		—			0.4			(0.4	)
Total other comprehensive income		0.8			—			0.7			0.2			(0.9	)		0.8
Total comprehensive income (loss)	$	58.8		$	(0.1	)	$	54.9		$	62.2		$	(117.0	)	$	58.8
Condensed Consolidated Statement of Comprehensive Income For the 26 week period ended August 2, 2014 (Unaudited)
(in millions)	Signet Jewelers Limited			Signet UK Finance  plc			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net income	$	154.6		$	(0.1	)	$	225.0		$	160.2		$	(385.1	)	$	154.6
Other comprehensive income (loss):
Foreign currency translation adjustments		7.3			—			8.3			(1.4	)		(6.9	)		7.3
Available-for-sale securities:
Unrealized loss		(0.2	)		—			—			(0.2	)		0.2			(0.2	)
Cash flow hedges:
Unrealized gain		0.2			—			0.2			—			(0.2	)		0.2
Reclassification adjustment for losses to net income		8.1			—			8.1			—			(8.1	)		8.1
Pension plan:
Actuarial gain		—			—			—			—			—			—
Reclassification adjustment to net income for amortization of actuarial loss		0.8			—			0.8			—			(0.8	)		0.8
Prior service benefit		—			—			—			—			—			—
Reclassification adjustment to net income for amortization of prior service credits		(0.7	)		—			(0.7	)		—			0.7			(0.7	)
Total other comprehensive (loss) income		15.5			—			(16.7	)		(1.6	)		(15.1	)		15.5
Total comprehensive income (loss)	$	170.1		$	(0.1	)	$	241.7		$	158.6		$	(400.2	)	$	170.1

Condensed Consolidated Statement of Comprehensive Income

For the 13 week period ended August 3, 2013

(Unaudited)

(in millions)	Signet Jewelers Limited			Signet UK Finance  plc		Guarantor Subsidiaries			Non- Guarantor Subsidiaries		Eliminations			Consolidated
Net income	$	67.4		$	—	$	113.9		$	68.1	$	(182.0	)	$	67.4
Other comprehensive income (loss):
Foreign currency translation adjustments		(5.2	)		—		(5.9	)		1.2		4.7			(5.2	)
Cash flow hedges:
Unrealized loss		(5.4	)		—		(5.4	)		—		5.4			(5.4	)
Reclassification adjustment for gains to net income		(0.1	)		—		(0.1	)		—		0.1			(0.1	)
Pension plan:
Actuarial gain		—			—		—			—		—			—
Reclassification adjustment to net income for amortization of actuarial loss		0.4			—		0.4			—		(0.4	)		0.4
Prior service benefit		—			—		—			—		—			—
Reclassification adjustment to net income for amortization of prior service credits		(0.2	)		—		(0.2	)		—		0.2			(0.2	)
Total other comprehensive (loss) income		(10.5	)		—		(11.2	)		1.2		10.0			(10.5	)
Total comprehensive income	$	56.9		$	—	$	102.7		$	69.3	$	(172.0	)	$	56.9
Condensed Consolidated Statement of Comprehensive Income For the 26 week period ended August 3, 2013 (Unaudited)
(in millions)	Signet Jewelers Limited			Signet UK Finance  plc		Guarantor Subsidiaries			Non- Guarantor Subsidiaries		Eliminations			Consolidated
Net income	$	159.2		$	—	$	274.0		$	159.9	$	(433.9	)	$	159.2
Other comprehensive income (loss):
Foreign currency translation adjustments		(7.0	)		—		(8.0	)		1.6		6.4			(7.0	)
Cash flow hedges:
Unrealized loss		(16.8	)		—		(16.8	)		—		16.8			(16.8	)
Reclassification adjustment for gains to net income		(0.7	)		—		(0.7	)		—		0.7			(0.7	)
Pension plan:
Actuarial gain		—			—		—			—		—			—
Reclassification adjustment to net income for amortization of actuarial loss		0.9			—		0.9			—		(0.9	)		0.9
Prior service benefit		—			—		—			—		—			—
Reclassification adjustment to net income for amortization of prior service credits		(0.6	)		—		(0.6	)		—		0.6			(0.6	)
Total other comprehensive (loss) income		(24.2	)		—		(25.2	)		1.6		23.6			(24.2	)
Total comprehensive income	$	135.0		$	—	$	248.8		$	161.5	$	(410.3	)	$	135.0

Condensed Consolidated Balance Sheet

August 2, 2014

(Unaudited)

(in millions)	Signet Jewelers Limited		Signet UK Finance  plc		Guarantor Subsidiaries		Non- Guarantor Subsidiaries			Eliminations			Consolidated
Assets
Current assets:
Cash and cash equivalents	$	1.4	$	—	$	191.1	$	22.5		$	—		$	215.0
Accounts receivable, net		—		—		1,306.9		9.1			—			1,316.0
Intercompany receivables, net		50.9		—		—		—			(50.9	)		—
Other receivables		—		—		52.3		1.8			—			54.1
Other current assets		0.1		0.7		115.2		4.5			—			120.5
Deferred tax assets		—		—		2.1		0.2			—			2.3
Income taxes		—		—		14.9		0.6			—			15.5
Inventories		—		—		2,287.0		58.3			—			2,345.3
Total current assets		52.4		0.7		3,969.5		97.0			(50.9	)		4,068.7
Non-current assets:
Property, plant and equipment, net		—		—		621.6		6.2			—			627.8
Goodwill		—		—		548.3		3.6			—			551.9
Intangible assets, net		—		—		467.6		—			—			467.6
Investment in subsidiaries		2,646.2		—		546.8		435.8			(3,628.8	)		—
Intercompany receivables, net		—		403.9		—		3,330.0			(3,733.9	)		—
Other assets		—		6.1		100.4		26.5			—			133.0
Deferred tax assets		—		—		84.4		—			—			84.4
Retirement benefit asset		—		—		61.3		—			—			61.3
Total assets	$	2,698.6	$	410.7	$	6,399.9	$	3,899.1		$	(7,413.6	)	$	5,994.7
Liabilities and Shareholders’ equity
Current liabilities:
Loans and overdrafts	$	—	$	—	$	31.2	$	—		$	—		$	31.2
Accounts payable		—		—		234.7		0.3			—			235.0
Intercompany payables, net		—		—		19.7		31.2			(50.9	)		—
Accrued expenses and other current liabilities		14.7		5.0		392.4		10.0			—			422.1
Deferred revenue		—		—		211.1		—			—			211.1
Deferred tax liabilities		—		—		218.9		—			—			218.9
Income taxes		—		—		60.4		(5.0	)		—			55.4
Total current liabilities		14.7		5.0		1,168.4		36.5			(50.9	)		1,173.7
Non-current liabilities:
Long-term debt		—		398.4		380.7		600.0			—			1,379.1
Intercompany payables, net		—		—		3,733.9		—			(3,733.9	)		—
Other liabilities		—		—		226.9		8.5			—			235.4
Deferred revenue		—		—		520.4		—			—			520.4
Deferred tax liabilities		—		—		2.2		—			—			2.2
Total liabilities		14.7		403.4		6,032.5		645.0			(3,784.8	)		3,310.8
Total shareholders’ equity		2,683.9		7.3		367.4		3,254.1			(3,628.8	)		2,683.9
Total liabilities and shareholders’ equity	$	2,698.6	$	410.7	$	6,399.9	$	3,899.1		$	(7,413.6	)	$	5,994.7

Condensed Consolidated Balance Sheet

February 1, 2014

(in millions)	Signet Jewelers Limited		Signet UK Finance  plc		Guarantor Subsidiaries		Non- Guarantor Subsidiaries		Eliminations			Consolidated
Assets
Current assets:
Cash and cash equivalents	$	1.4	$	—	$	237.0	$	9.2	$	—		$	247.6
Accounts receivable, net		—		—		1,361.3		12.7		—			1,374.0
Intercompany receivables, net		47.7		—		—		238.0		(285.7	)		—
Other receivables		—		—		51.1		0.4		—			51.5
Other current assets		—		—		86.5		0.5		—			87.0
Deferred tax assets		—		—		2.8		0.2		—			3.0
Income taxes		—		—		6.0		0.5		—			6.5
Inventories		—		—		1,434.5		53.5		—			1,488.0
Total current assets		49.1		—		3,179.2		315.0		(285.7	)		3,257.6
Non-current assets:
Property, plant and equipment, net		—		—		481.5		6.1		—			487.6
Investment in subsidiaries		2,526.3		—		1,452.8		1,143.2		(5,122.3	)		—
Intercompany receivables, net		—		—		—		1,098.0		(1,098.0	)		—
Other assets		—		—		110.4		3.6		—			114.0
Deferred tax assets		—		—		113.6		0.1		—			113.7
Retirement benefit asset		—		—		56.3		—		—			56.3
Total assets	$	2,575.4	$	—	$	5,393.8	$	2,566.0	$	(6,506.0	)	$	4,029.2
Liabilities and Shareholders’ equity
Current liabilities:
Loans and overdrafts	$	—	$	—	$	19.3	$	—	$	—		$	19.3
Accounts payable		—		—		160.5		2.4		—			162.9
Intercompany payables, net		—		—		285.7		—		(285.7	)		—
Accrued expenses and other current liabilities		12.3		—		313.1		3.1		—			328.5
Deferred revenue		—		—		173.0		—		—			173.0
Deferred tax liabilities		—		—		113.1		—		—			113.1
Income taxes		—		—		101.3		2.6		—			103.9
Total current liabilities		12.3		—		1,166.0		8.1		(285.7	)		900.7
Non-current liabilities:
Long-term debt		—		—		—		—		—			—
Intercompany payables, net		—		—		1,098.0		—		(1,098.0	)		—
Other liabilities		—		—		118.5		3.2		—			121.7
Deferred revenue		—		—		443.7		—		—			443.7
Total liabilities		12.3		—		2,826.2		11.3		(1,383.7	)		1,466.1
Total shareholders’ equity		2,563.1		—		2,567.6		2,554.7		(5,122.3	)		2,563.1
Total liabilities and shareholders’ equity	$	2,575.4	$	—	$	5,393.8	$	2,566.0	$	(6,506.0	)	$	4,029.2

Condensed Consolidated Balance Sheet

August 3, 2013

(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	$	—	$	203.1	$	8.9	$	—		$	212.9
Accounts receivable, net		—		—		1,144.1		8.0		—			1,152.1
Intercompany receivables, net		48.1		—		—		725.0		(773.1	)		—
Other receivables		—		—		42.6		0.4		—			43.0
Other current assets		0.1		—		79.0		0.1		—			79.2
Deferred tax assets		—		—		2.0		0.3		—			2.3
Income taxes		—		—		12.8		—		—			12.8
Inventories		—		—		1,367.5		50.2		—			1,417.7
Total current assets		49.1		—		2,851.1		792.9		(773.1	)		2,920.0
Non-current assets:
Property, plant and equipment, net		—		—		434.1		0.8		—			434.9
Investment in subsidiaries		2,335.7		—		1,455.2		1,157.5		(4,948.4	)		—
Intercompany receivables, net		—		—		—		600.0		(600.0	)		—
Other assets		—		—		107.4		—		—			107.4
Deferred tax assets		—		—		127.3		—		—			127.3
Retirement benefit asset		—		—		50.7		—		—			50.7
Total assets	$	2,384.8	$	—	$	5,025.8	$	2,551.2	$	(6,321.5	)	$	3,640.3
Liabilities and Shareholders’ equity
Current liabilities:
Loans and overdrafts	$	—	$	—	$	1.7	$	—	$	—		$	1.7
Accounts payable		—		—		129.6		0.7		—			130.3
Intercompany payables, net		—		—		773.1		—		(773.1	)		—
Accrued expenses and other current liabilities		12.2		—		245.4		2.1		—			259.7
Deferred revenue		—		—		154.6		—		—			154.6
Deferred tax liabilities		—		—		140.8		—		—			140.8
Income taxes		—		—		45.2		1.7		—			46.9
Total current liabilities		12.2		—		1,490.4		4.5		(773.1	)		734.0
Non-current liabilities:
Intercompany payables, net		—		—		600.0		—		(600.0	)		—
Deferred tax liabilities		—		—		0.7		—		—			0.7
Other liabilities		—		—		109.9		4.7		—			114.6
Deferred revenue		—		—		418.4		—		—			418.4
Total liabilities		12.2		—		2,619.4		9.2		(1,373.1	)		1,267.7
Total shareholders’ equity		2,372.6		—		2,406.4		2,542.0		(4,948.4	)		2,372.6
Total liabilities and shareholders’ equity	$	2,384.8	$	—	$	5,025.8	$	2,551.2	$	(6,321.5	)	$	3,640.3

Condensed Consolidated Statement of Cash Flows

For the 13 week period ended August 2, 2014

(Unaudited)

(in millions)	Signet Jewelers Limited			Signet UK Finance  plc			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Cash flows from operating activities
Other cash provided by operating activities	$	49.6		$	3.8		$	76.9		$	30.1		$	(50.0	)	$	110.4
Net cash provided by operating activities		49.6			3.8			76.9			30.1			(50.0	)		110.4
Investing activities
Purchase of property, plant and equipment		—			—			(61.8	)		(0.1	)		—			(61.9	)
Investment in subsidiaries		—			—			(7.4	)		—			7.4			—
Purchase of available-for-sale securities		—			—			—			(1.2	)		—			(1.2	)
Proceeds from available-for-sale securities		—			—			—			1.0			—			1.0
Acquisition of Zale Corporation, net of cash acquired		—			—			(1,431.1	)		1.9			—			(1,429.2	)
Net cash (used in) provided by investing activities		—			—			(1,500.3	)		1.6			7.4			(1,491.3	)
Financing activities
Dividends paid		(14.4	)		—			—			—			—			(14.4	)
Intercompany dividends paid		—			—			(850.2	)		0.2			850.0			—
Proceeds from issuance of common shares		1.0			7.4			—			800.0			(807.4	)		1.0
Excess tax benefit from exercise of share awards		—			—			—			—			—			—
Proceeds from long-term debt		—			398.4			400.0			600.0			—			1,398.4
Payment of debt issuance costs		—			(5.7	)		(7.4	)		(2.3	)		—			(15.4	)
Repurchase of common shares		(11.0	)		—			—			—			—			(11.0	)
Net settlement of equity based awards		0.2			—			—			—			—			0.2
Capital lease payments		—			—			(0.2	)		—			—			(0.2	)
Repayment of short-term borrowings		—			—			(11.7	)		—			—			(11.7	)
Intercompany activity, net		(25.7	)		(403.9	)		1,857.9			(1,428.3	)		—			—
Net cash (used in) provided by financing activities		(49.9	)		(3.8	)		1,388.4			(30.4	)		42.6			1,346.9
Cash and cash equivalents at beginning of period		1.7			—			226.7			20.7			—			249.1
(Decrease) increase in cash and cash equivalents		(0.3	)		—			(35.0	)		1.3			—			(34.0	)
Effect of exchange rate changes on cash and cash equivalents		—			—			(0.6	)		0.5			—			(0.1	)
Cash and cash equivalents at end of period	$	1.4		$	—		$	191.1		$	22.5		$	—		$	215.0

Condensed Consolidated Statement of Cash Flows

For the 26 week period ended August 2, 2014

(Unaudited)

(in millions)	Signet Jewelers Limited			Signet UK Finance  plc			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Cash flows from operating activities
Other cash provided by operating activities	$	49.1		$	3.8		$	139.3		$	41.7		$	(50.0	)	$	183.9
Net cash provided by operating activities		49.1			3.8			139.3			41.7			(50.0	)		183.9
Investing activities
Purchase of property, plant and equipment		—			—			(89.6	)		(0.4	)		—			(90.0	)
Investment in subsidiaries		—			—			(7.4	)		—			7.4			—
Purchase of available-for-sale securities		—			—			—			(1.2	)		—			(1.2	)
Proceeds from available-for-sale securities		—			—			—			1.0			—			1.0
Acquisition of Zale Corporation, net of cash acquired		—			—			(1,431.1	)		1.9			—			(1,429.2	)
Net cash (used in) provided by investing activities		—			—			(1,528.1	)		1.3			7.4			(1,519.4	)
Financing activities
Dividends paid		(26.4	)		—			—			—			—			(26.4	)
Intercompany dividends paid		—			—			(849.1	)		(0.9	)		850.0			—
Proceeds from issuance of common shares		2.0			7.4			—			800.0			(807.4	)		2.0
Excess tax benefit from exercise of share awards		—			—			7.7			—			—			7.7
Proceeds from long-term debt		—			398.4			400.0			600.0			—			1,398.4
Payment of debt issuance costs		—			(5.7	)		(10.4	)		(2.3	)		—			(18.4	)
Repurchase of common shares		(22.4	)		—			—			—			—			(22.4	)
Net settlement of equity based awards		(15.1	)		—			—			—			—			(15.1	)
Capital lease payments		—			—			(0.2	)		—			—			(0.2	)
Repayment of short-term borrowings		—			—			(22.2	)		—			—			(22.2	)
Intercompany activity, net		12.8			(403.9	)		1,815.5			(1,424.4	)		—			—
Net cash (used in) provided by financing activities		(49.1	)		(3.8	)		1,341.3			(27.6	)		42.6			1,303.4
Cash and cash equivalents at beginning of period		1.4			—			237.0			9.2			—			247.6
(Decrease) increase in cash and cash equivalents		—			—			(47.5	)		15.4			—			(32.1	)
Effect of exchange rate changes on cash and cash equivalents		—			—			1.6			(2.1	)		—			(0.5	)
Cash and cash equivalents at end of period	$	1.4		$	—		$	191.1		$	22.5		$	—		$	215.0

Condensed Consolidated Statement of Cash Flows

For the 13 week period ended August 3, 2013

(Unaudited)

(in millions)	Signet Jewelers Limited			Signet UK Finance  plc		Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Cash flows from operating activities
Other cash provided by (used in) operating activities	$	49.4		$	—	$	14.1		$	(0.1	)	$	(50.0	)	$	13.4
Net cash provided by (used in) operating activities		49.4			—		14.1			(0.1	)		(50.0	)		13.4
Investing activities
Purchase of property, plant and equipment		—			—		(30.2	)		(0.2	)		—			(30.4	)
Investment in subsidiaries		(0.3	)		—		—			—			0.3			—
Acquisition of Ultra Stores, Inc.		—			—		1.4			—			—			1.4
Net cash used in investing activities		(0.3	)		—		(28.8	)		(0.2	)		0.3			(29.0	)
Financing activities
Dividends paid		(12.1	)		—		—			—			—			(12.1	)
Intercompany dividends paid		—			—		(43.7	)		(6.3	)		50.0			—
Proceeds from issuance of common shares		0.2			—		0.3			—			(0.3	)		0.2
Excess tax benefit from exercise of share awards		—			—		4.5			—			—			4.5
Repurchase of common shares		(25.0	)		—		—			—			—			(25.0	)
Net settlement of equity based awards		0.1			—		—			—			—			0.1
Repayment of short-term borrowings		—			—		(4.0	)		—			—			(4.0	)
Intercompany activity, net		(20.8	)		—		36.1			(15.3	)		—			—
Net cash used in financing activities		(57.6	)		—		(6.8	)		(21.6	)		49.7			(36.3	)
Cash and cash equivalents at beginning of period		9.4			—		225.0			29.3			—			263.7
Decrease in cash and cash equivalents		(8.5	)		—		(21.5	)		(21.9	)		—			(51.9	)
Effect of exchange rate changes on cash and cash equivalents		—			—		(0.4	)		1.5			—			1.1
Cash and cash equivalents at end of period	$	0.9		$	—	$	203.1		$	8.9		$	—		$	212.9

Condensed Consolidated Statement of Cash Flows

For the 26 week period ended August 3, 2013

(Unaudited)

(in millions)	Signet Jewelers Limited			Signet UK Finance  plc		Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Cash flows from operating activities
Other cash provided by operating activities	$	88.9		$	—	$	45.2		$	14.4		$	(90.0	)	$	58.5
Net cash provided by operating activities		88.9			—		45.2			14.4			(90.0	)		58.5
Investing activities
Purchase of property, plant and equipment		—			—		(53.4	)		(0.2	)		—			(53.6	)
Investment in subsidiaries		(0.3	)		—		—			—			0.3			—
Acquisition of Ultra Stores, Inc.		—			—		1.4			—			—			1.4
Net cash used in investing activities		(0.3	)		—		(52.0	)		(0.2	)		0.3			(52.2	)
Financing activities
Dividends paid		(21.9	)		—		—			—			—			(21.9	)
Intercompany dividends paid		—			—		(77.0	)		(13.0	)		90.0			—
Proceeds from issuance of common shares		5.2			—		0.3			—			(0.3	)		5.2
Excess tax benefit from exercise of share awards		—			—		4.5			—			—			4.5
Repurchase of common shares		(75.1	)		—		—			—			—			(75.1	)
Net settlement of equity based awards		(9.0	)		—		—			—			—			(9.0	)
Proceeds from short-term borrowings		—			—		1.7			—			—			1.7
Intercompany activity, net		(0.3	)		—		10.9			(10.6	)		—			—
Net cash used in financing activities		(101.1	)		—		(59.6	)		(23.6	)		89.7			(94.6	)
Cash and cash equivalents at beginning of period		13.4			—		271.3			16.3			—			301.0
Decrease in cash and cash equivalents		(12.5	)		—		(66.4	)		(9.4	)		—			(88.3	)
Effect of exchange rate changes on cash and cash equivalents		—			—		(1.8	)		2.0			—			0.2
Cash and cash equivalents at end of period	$	0.9		$	—	$	203.1		$	8.9		$	—		$	212.9