Condensed consolidating financial information (Tables)

9 Months Ended

Oct. 31, 2015

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Condensed Income Statement

Condensed Consolidated Statement of Operations

For the 13 weeks ended October 31, 2015

(Unaudited)

(in millions)	Signet Jewelers Limited			Signet UK Finance  plc			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations		Consolidated
Sales	$	—		$	—		$	1,197.4		$	19.0		$	—	$	1,216.4
Cost of sales	—			—			(844.4		)	(4.3		)	—		(848.7		)
Gross margin	—			—			353.0			14.7			—		367.7
Selling, general and administrative expenses	(0.4		)	—			(387.1		)	(7.5		)	—		(395.0		)
Other operating income, net	—			—			61.8			(0.9		)	—		60.9
Operating (loss) income	(0.4		)	—			27.7			6.3			—		33.6
Intra-entity interest income (expense)	—			4.7			(46.7		)	42.0			—		—
Interest expense, net	—			(5.2		)	(3.8		)	(2.7		)	—		(11.7		)
(Loss) income before income taxes	(0.4		)	(0.5		)	(22.8		)	45.6			—		21.9
Income taxes	—			0.1			9.3			(16.3		)	—		(6.9		)
Equity in income of subsidiaries	15.4			—			(30.8		)	(11.9		)	27.3		—
Net income (loss)	$	15.0		$	(0.4	)	$	(44.3	)	$	17.4		$	27.3	$	15.0

Condensed Consolidated Statement of Operations

For the 39 weeks ended October 31, 2015

(Unaudited)

(in millions)	Signet Jewelers Limited			Signet UK Finance  plc			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Sales	$	—		$	—		$	4,099.7		$	57.9		$	—		$	4,157.6
Cost of sales	—			—			(2,719.6		)	(13.6		)	—			(2,733.2		)
Gross margin	—			—			1,380.1			44.3			—			1,424.4
Selling, general and administrative expenses	(1.6		)	—			(1,276.2		)	(23.2		)	—			(1,301.0		)
Other operating income, net	—			—			186.0			1.2			—			187.2
Operating (loss) income	(1.6		)	—			289.9			22.3			—			310.6
Intra-entity interest income (expense)	—			14.1			(139.8		)	125.7			—			—
Interest expense, net	—			(15.0		)	(10.7		)	(8.1		)	—			(33.8		)
(Loss) income before income taxes	(1.6		)	(0.9		)	139.4			139.9			—			276.8
Income taxes	—			0.2			(65.4		)	(15.6		)	—			(80.8		)
Equity in income of subsidiaries	197.6			—			69.9			92.3			(359.8		)	—
Net income (loss)	$	196.0		$	(0.7	)	$	143.9		$	216.6		$	(359.8	)	$	196.0

Condensed Consolidated Statement of Operations

For the 13 weeks ended November 1, 2014

(Unaudited)

(in millions)	Signet Jewelers Limited			Signet UK Finance  plc			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations		Consolidated
Sales	$	—		$	—		$	1,161.1		$	16.8		$	—	$	1,177.9
Cost of sales	—			—			(828.9		)	(3.1		)	—		(832.0		)
Gross margin	—			—			332.2			13.7			—		345.9
Selling, general and administrative expenses	(0.8		)	—			(380.7		)	(7.2		)	—		(388.7		)
Other operating income, net	—			—			56.9			(3.4		)	—		53.5
Operating (loss) income	(0.8		)	—			8.4			3.1			—		10.7
Intra-entity interest income (expense)	—			4.7			(43.3		)	38.6			—		—
Interest expense, net	—			(5.0		)	(5.2		)	(2.4		)	—		(12.6		)
(Loss) income before income taxes	(0.8		)	(0.3		)	(40.1		)	39.3			—		(1.9		)
Income taxes	—			0.1			13.0			(12.5		)	—		0.6
Equity in income of subsidiaries	(0.5		)	—			(50.2		)	(22.4		)	73.1		—
Net income (loss)	$	(1.3	)	$	(0.2	)	$	(77.3	)	$	4.4		$	73.1	$	(1.3	)

Condensed Consolidated Statement of Operations

For the 39 weeks ended November 1, 2014

(Unaudited)

(in millions)	Signet Jewelers Limited			Signet UK Finance  plc			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Sales	$	—		$	—		$	3,412.3		$	47.6		$	—		$	3,459.9
Cost of sales	—			—			(2,287.9		)	(9.9		)	—			(2,297.8		)
Gross margin	—			—			1,124.4			37.7			—			1,162.1
Selling, general and administrative expenses	(1.6		)	—			(1,056.4		)	(20.4		)	—			(1,078.4		)
Other operating income, net	—			—			162.9			(1.7		)	—			161.2
Operating (loss) income	(1.6		)	—			230.9			15.6			—			244.9
Intra-entity interest income (expense)	—			8.5			(85.1		)	76.6			—			—
Interest expense, net	—			(8.9		)	(14.8		)	(4.4		)	—			(28.1		)
(Loss) income before income taxes	(1.6		)	(0.4		)	131.0			87.8			—			216.8
Income taxes	—			0.1			(56.2		)	(7.4		)	—			(63.5		)
Equity in income of subsidiaries	154.9			—			72.9			84.2			(312.0		)	—
Net income (loss)	$	153.3		$	(0.3	)	$	147.7		$	164.6		$	(312.0	)	$	153.3

Condensed Statement of Comprehensive Income

Condensed Consolidated Statement of Comprehensive Income

For the 13 weeks ended October 31, 2015

(Unaudited)

(in millions)	Signet Jewelers Limited			Signet UK Finance  plc			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net income (loss)	$	15.0		$	(0.4	)	$	(44.3	)	$	17.4		$	27.3		$	15.0
Other comprehensive income (loss):
Foreign currency translation adjustments	(4.2		)	—			(6.4		)	2.2			4.2			(4.2		)
Available-for-sale securities:
Unrealized loss	(0.1		)	—			—			(0.1		)	0.1			(0.1		)
Cash flow hedges:
Unrealized gain (loss)	1.1			—			1.1			—			(1.1		)	1.1
Reclassification adjustment of losses to net income (loss)	0.9			—			0.9			—			(0.9		)	0.9
Pension plan:
Reclassification adjustment to net income for amortization of actuarial losses	0.7			—			0.7			—			(0.7		)	0.7
Reclassification adjustment to net income for amortization of prior service credits	(0.5		)	—			(0.5		)	—			0.5			(0.5		)
Total other comprehensive (loss) income	(2.1		)	—			(4.2		)	2.1			2.1			(2.1		)
Total comprehensive income (loss)	$	12.9		$	(0.4	)	$	(48.5	)	$	19.5		$	29.4		$	12.9

Condensed Consolidated Statement of Comprehensive Income

For the 39 weeks ended October 31, 2015

(Unaudited)

(in millions)	Signet Jewelers Limited			Signet UK Finance  plc			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net income (loss)	$	196.0		$	(0.7	)	$	143.9		$	216.6		$	(359.8	)	$	196.0
Other comprehensive income (loss):
Foreign currency translation adjustments	(1.4		)	—			(0.4		)	(1.0		)	1.4			(1.4		)
Available-for-sale securities:
Unrealized loss	(0.4		)	—			—			(0.4		)	0.4			(0.4		)
Cash flow hedges:
Unrealized gain (loss)	(10.3		)	—			(10.3		)	—			10.3			(10.3		)
Reclassification adjustment of losses to net income (loss)	2.2			—			2.2			—			(2.2		)	2.2
Pension plan:
Reclassification adjustment to net income for amortization of actuarial losses	2.1			—			2.1			—			(2.1		)	2.1
Reclassification adjustment to net income for amortization of prior service credits	(1.4		)	—			(1.4		)	—			1.4			(1.4		)
Total other comprehensive (loss) income	(9.2		)	—			(7.8		)	(1.4		)	9.2			(9.2		)
Total comprehensive income (loss)	$	186.8		$	(0.7	)	$	136.1		$	215.2		$	(350.6	)	$	186.8

Condensed Consolidated Statement of Comprehensive Income

For the 13 weeks ended November 1, 2014

(Unaudited)

(in millions)	Signet Jewelers Limited			Signet UK Finance  plc			Guarantor Subsidiaries			Non- Guarantor Subsidiaries		Eliminations			Consolidated
Net income (loss)	$	(1.3	)	$	(0.2	)	$	(77.3	)	$	4.4	$	73.1		$	(1.3	)
Other comprehensive income (loss):
Foreign currency translation adjustments	(21.4		)	—			(23.1		)	2.8		20.3			(21.4		)
Available-for-sale securities:
Unrealized loss	—			—			—			—		—			—
Cash flow hedges:
Unrealized gain (loss)	(1.5		)	—			(1.5		)	—		1.5			(1.5		)
Reclassification adjustment of losses to net income (loss)	1.9			—			1.9			—		(1.9		)	1.9
Pension plan:
Reclassification adjustment to net income for amortization of actuarial losses	0.4			—			0.4			—		(0.4		)	0.4
Reclassification adjustment to net income for amortization of prior service credits	(0.3		)	—			(0.3		)	—		0.3			(0.3		)
Total other comprehensive (loss) income	(20.9		)	—			(22.6		)	2.8		19.8			(20.9		)
Total comprehensive (loss) income	$	(22.2	)	$	(0.2	)	$	(99.9	)	$	7.2	$	92.9		$	(22.2	)

Condensed Consolidated Statement of Comprehensive Income

For the 39 weeks ended November 1, 2014

(Unaudited)

(in millions)	Signet Jewelers Limited			Signet UK Finance  plc			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net income (loss)	$	153.3		$	(0.3	)	$	147.7		$	164.6		$	(312.0	)	$	153.3
Other comprehensive income (loss):
Foreign currency translation adjustments	(14.1		)	—			(14.8		)	1.4			13.4			(14.1		)
Available-for-sale securities:
Unrealized loss	(0.2		)	—			—			(0.2		)	0.2			(0.2		)
Cash flow hedges:
Unrealized gain (loss)	(1.3		)	—			(1.3		)	—			1.3			(1.3		)
Reclassification adjustment of losses to net income (loss)	10.0			—			10.0			—			(10.0		)	10.0
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 prior service credits	(1.0		)	—			(1.0		)	—			1.0			(1.0		)
Total other comprehensive (loss) income	(5.4		)	—			(5.9		)	1.2			4.7			(5.4		)
Total comprehensive income (loss)	$	147.9		$	(0.3	)	$	141.8		$	165.8		$	(307.3	)	$	147.9

Condensed Balance Sheet

Condensed Consolidated Balance Sheet

October 31, 2015

(Unaudited)

(in millions)	Signet Jewelers Limited		Signet UK Finance  plc			Guarantor Subsidiaries			Non- Guarantor Subsidiaries		Eliminations			Consolidated
Assets
Current assets:
Cash and cash equivalents	$	3.1	$	0.1		$	61.0		$	13.0	$	—		$	77.2
Accounts receivable, net	—		—			1,447.1			4.4		—			1,451.5
Intra-entity receivables, net	61.9		—			—			182.1		(244.0		)	—
Other receivables	—		—			45.4			10.0		—			55.4
Other current assets	0.2		0.7			136.5			5.8		—			143.2
Deferred tax assets	—		—			3.0			0.6		—			3.6
Income taxes	—		—			24.6			—		—			24.6
Inventories	—		—			2,643.1			83.9		—			2,727.0
Total current assets	65.2		0.8			4,360.7			299.8		(244.0		)	4,482.5
Non-current assets:
Property, plant and equipment, net	—		—			712.5			5.5		—			718.0
Goodwill	—		—			514.0			3.6		—			517.6
Intangible assets, net	—		—			434.3			—		—			434.3
Investment in subsidiaries	2,797.6		—			532.4			537.1		(3,867.1		)	—
Intra-entity receivables, net	—		407.2			—			3,475.0		(3,882.2		)	—
Other assets	—		5.3			110.8			28.4		—			144.5
Deferred tax assets	—		—			132.0			0.1		—			132.1
Retirement benefit asset	—		—			40.7			—		—			40.7
Total assets	$	2,862.8	$	413.3		$	6,837.4		$	4,349.5	$	(7,993.3	)	$	6,469.7
Liabilities and Shareholders’ equity
Current liabilities:
Loans and overdrafts	$	—	$	—		$	249.8		$	—	$	—		$	249.8
Accounts payable	—		—			367.4			4.0		—			371.4
Intra-entity payables, net	—		—			244.0			—		(244.0		)	—
Accrued expenses and other current liabilities	17.8		7.1			372.8			10.3		—			408.0
Deferred revenue	—		—			241.4			—		—			241.4
Deferred tax liabilities	—		—			170.5			—		—			170.5
Income taxes	—		(0.2		)	(14.9		)	15.8		—			0.7
Total current liabilities	17.8		6.9			1,631.0			30.1		(244.0		)	1,441.8
Non-current liabilities:
Long-term debt	—		398.6			340.1			600.0		—			1,338.7
Intra-entity payables, net	—		—			3,882.2			—		(3,882.2		)	—
Other liabilities	—		—			219.5			7.1		—			226.6
Deferred revenue	—		—			597.5			—		—			597.5
Deferred tax liabilities	—		—			20.1			—		—			20.1
Total liabilities	17.8		405.5			6,690.4			637.2		(4,126.2		)	3,624.7
Total shareholders’ equity	2,845.0		7.8			147.0			3,712.3		(3,867.1		)	2,845.0
Total liabilities and shareholders’ equity	$	2,862.8	$	413.3		$	6,837.4		$	4,349.5	$	(7,993.3	)	$	6,469.7

Condensed Consolidated Balance Sheet

January 31, 2015

(in millions)	Signet Jewelers Limited		Signet UK Finance  plc			Guarantor Subsidiaries		Non- Guarantor Subsidiaries			Eliminations			Consolidated
Assets
Current assets:
Cash and cash equivalents	$	2.1	$	0.1		$	166.5	$	24.9		$	—		$	193.6
Accounts receivable, net	—		—			1,566.2		1.4			—			1,567.6
Intra-entity receivables, net	121.6		—			—		61.8			(183.4		)	—
Other receivables	—		—			53.9		9.7			—			63.6
Other current assets	0.1		0.7			130.9		5.5			—			137.2
Deferred tax assets	—		—			4.3		0.2			—			4.5
Income taxes	—		—			1.8		—			—			1.8
Inventories	—		—			2,376.6		62.4			—			2,439.0
Total current assets	123.8		0.8			4,300.2		165.9			(183.4		)	4,407.3
Non-current assets:
Property, plant and equipment, net	—		—			660.2		5.7			—			665.9
Goodwill	—		—			515.6		3.6			—			519.2
Intangible assets, net	—		—			447.1		—			—			447.1
Investment in subsidiaries	2,701.3		—			462.8		421.7			(3,585.8		)	—
Intra-entity receivables, net	—		402.4			—		3,490.0			(3,892.4		)	—
Other assets	—		5.8			105.3		28.9			—			140.0
Deferred tax assets	—		—			111.0		0.1			—			111.1
Retirement benefit asset	—		—			37.0		—			—			37.0
Total assets	$	2,825.1	$	409.0		$	6,639.2	$	4,115.9		$	(7,661.6	)	$	6,327.6
Liabilities and Shareholders’ equity
Current liabilities:
Loans and overdrafts	$	—	$	—		$	97.5	$	—		$	—		$	97.5
Accounts payable	—		—			273.4		4.3			—			277.7
Intra-entity payables, net	—		—			183.4		—			(183.4		)	—
Accrued expenses and other current liabilities	14.7		2.4			456.7		8.6			—			482.4
Deferred revenue	—		—			248.0		—			—			248.0
Deferred tax liabilities	—		—			145.8		—			—			145.8
Income taxes	—		(0.2		)	87.7		(0.6		)	—			86.9
Total current liabilities	14.7		2.2			1,492.5		12.3			(183.4		)	1,338.3
Non-current liabilities:
Long-term debt	—		398.5			365.3		600.0			—			1,363.8
Intra-entity payables, net	—		—			3,892.4		—			(3,892.4		)	—
Other liabilities	—		—			222.0		8.2			—			230.2
Deferred revenue	—		—			563.9		—			—			563.9
Deferred tax liabilities	—		—			21.0		—			—			21.0
Total liabilities	14.7		400.7			6,557.1		620.5			(4,075.8		)	3,517.2
Total shareholders’ equity	2,810.4		8.3			82.1		3,495.4			(3,585.8		)	2,810.4
Total liabilities and shareholders’ equity	$	2,825.1	$	409.0		$	6,639.2	$	4,115.9		$	(7,661.6	)	$	6,327.6

Condensed Consolidated Balance Sheet

November 1, 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	$	2.9	$	—		$	74.1		$	10.6	$	—		$	87.6
Accounts receivable, net	—		—			1,281.9			10.2		—			1,292.1
Intra-entity receivables, net	129.9		—			—			29.4		(159.3		)	—
Other receivables	—		—			55.0			1.7		—			56.7
Other current assets	0.1		0.7			127.1			5.8		—			133.7
Deferred tax assets	—		—			1.4			0.2		—			1.6
Income taxes	—		—			21.0			0.6		—			21.6
Inventories	—		—			2,619.1			55.5		—			2,674.6
Total current assets	132.9		0.7			4,179.6			114.0		(159.3		)	4,267.9
Non-current assets:
Property, plant and equipment, net	—		—			652.8			6.0		—			658.8
Goodwill	—		—			520.7			3.6		—			524.3
Intangible assets, net	—		—			461.3			—		—			461.3
Investment in subsidiaries	2,524.2		—			484.0			451.3		(3,459.5		)	—
Intra-entity receivables, net	—		408.5			—			3,325.0		(3,733.5		)	—
Other assets	—		6.0			100.0			27.5		—			133.5
Deferred tax assets	—		—			72.7			0.1		—			72.8
Retirement benefit asset	—		—			59.9			—		—			59.9
Total assets	$	2,657.1	$	415.2		$	6,531.0		$	3,927.5	$	(7,352.3	)	$	6,178.5
Liabilities and Shareholders’ equity
Current liabilities:
Loans and overdrafts	$	—	$	—		$	221.8		$	—	$	—		$	221.8
Accounts payable	—		—			396.0			0.2		—			396.2
Intra-entity payables, net	—		—			159.3			—		(159.3		)	—
Accrued expenses and other current liabilities	14.8		8.4			389.5			10.0		—			422.7
Deferred revenue	—		—			221.6			—		—			221.6
Deferred tax liabilities	—		—			151.2			—		—			151.2
Income taxes	—		(0.1		)	(3.8		)	7.5		—			3.6
Total current liabilities	14.8		8.3			1,535.6			17.7		(159.3		)	1,417.1
Non-current liabilities:
Long-term debt	—		398.4			372.9			600.0		—			1,371.3
Intra-entity payables, net	—		—			3,733.5			—		(3,733.5		)	—
Other liabilities	—		—			219.1			8.1		—			227.2
Deferred revenue	—		—			518.8			—		—			518.8
Deferred tax liabilities	—		—			1.8			—		—			1.8
Total liabilities	14.8		406.7			6,381.7			625.8		(3,892.8		)	3,536.2
Total shareholders’ equity	2,642.3		8.5			149.3			3,301.7		(3,459.5		)	2,642.3
Total liabilities and shareholders’ equity	$	2,657.1	$	415.2		$	6,531.0		$	3,927.5	$	(7,352.3	)	$	6,178.5

Condensed Cash Flow Statement

Condensed Consolidated Statement of Cash Flows

For the 13 weeks ended October 31, 2015

(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	$	99.3		$	4.4		$	(170.0	)	$	44.4		$	(100.0	)	$	(121.9	)
Investing activities
Purchase of property, plant and equipment	—			—			(71.7		)	(0.2		)	—			(71.9		)
Investment in subsidiaries	—			—			—			—			—			—
Purchase of available-for-sale securities	—			—			—			(1.9		)	—			(1.9		)
Proceeds from available-for-sale securities	—			—			—			—			—			—
Acquisition of Zale Corporation, net of cash acquired	—			—			—			—			—			—
Net cash used in investing activities	—			—			(71.7		)	(2.1		)	—			(73.8		)
Financing activities
Dividends paid	(17.5		)	—			—			—			—			(17.5		)
Intra-entity dividends paid	—			—			(100.0		)	—			100.0			—
Proceeds from issuance of common shares	3.1			—			—			—			—			3.1
Excess tax benefit from exercise of share awards	—			—			—			—			—			—
Proceeds from long-term debt	—			—			—			542.6			—			542.6
Repayments of long-term debt	—			—			(7.5		)	(542.6		)	—			(550.1		)
Proceeds from revolving credit facility	—			—			177.0			—			—			177.0
Repayments of revolving credit facility	—			—			(30.0		)	—			—			(30.0		)
Payment of debt issuance costs	—			—			—			—			—			—
Repurchase of common shares	(30.0		)	—			—			—			—			(30.0		)
Net settlement of equity based awards	—			—			—			—			—			—
Capital lease payments	—			—			(0.2		)	—			—			(0.2		)
Proceeds from short-term borrowings	—			—			18.5			—			—			18.5
Intra-entity activity, net	(52.0		)	(4.4		)	102.0			(45.6		)	—			—
Net cash (used in) provided by financing activities	(96.4		)	(4.4		)	159.8			(45.6		)	100.0			113.4
Cash and cash equivalents at beginning of period	0.2			0.1			143.0			16.5			—			159.8
Increase (decrease) in cash and cash equivalents	2.9			—			(81.9		)	(3.3		)	—			(82.3		)
Effect of exchange rate changes on cash and cash equivalents	—			—			(0.1		)	(0.2		)	—			(0.3		)
Cash and cash equivalents at end of period	$	3.1		$	0.1		$	61.0		$	13.0		$	—		$	77.2

Condensed Consolidated Statement of Cash Flows

For the 39 weeks ended October 31, 2015

(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	$	98.4		$	4.6		$	(12.8	)	$	98.5		$	(100.0	)	$	88.7
Investing activities
Purchase of property, plant and equipment	—			—			(170.3		)	(0.5		)	—			(170.8		)
Investment in subsidiaries	—			—			—			—			—			—
Purchase of available-for-sale securities	—			—			—			(3.8		)	—			(3.8		)
Proceeds from available-for-sale securities	—			—			—			3.6			—			3.6
Acquisition of Zale Corporation, net of cash acquired	—			—			—			—			—			—
Net cash used in investing activities	—			—			(170.3		)	(0.7		)	—			(171.0		)
Financing activities
Dividends paid	(49.6		)	—			—			—			—			(49.6		)
Intra-entity dividends paid	—			—			(100.0		)	—			100.0			—
Proceeds from issuance of common shares	3.3			—			—			—			—			3.3
Excess tax benefit from exercise of share awards	—			—			5.1			—			—			5.1
Proceeds from long-term debt	—			—			—			1,738.9			—			1,738.9
Repayments of long-term debt	—			—			(17.5		)	(1,738.9		)	—			(1,756.4		)
Proceeds from revolving credit facility	—			—			177.0			—			—			177.0
Repayments of revolving credit facility	—			—			(30.0		)	—			—			(30.0		)
Payment of debt issuance costs	—			—			—			—			—			—
Repurchase of common shares	(111.9		)	—			—			—			—			(111.9		)
Net settlement of equity based awards	(8.3		)	—			—			—			—			(8.3		)
Capital lease payments	—			—			(0.8		)	—			—			(0.8		)
Repayment of short-term borrowings	—			—			(1.5		)	—			—			(1.5		)
Intra-entity activity, net	69.1			(4.6		)	45.2			(109.7		)	—			—
Net cash (used in) provided by financing activities	(97.4		)	(4.6		)	77.5			(109.7		)	100.0			(34.2		)
Cash and cash equivalents at beginning of period	2.1			0.1			166.5			24.9			—			193.6
Increase (decrease) in cash and cash equivalents	1.0			—			(105.6		)	(11.9		)	—			(116.5		)
Effect of exchange rate changes on cash and cash equivalents	—			—			0.1			—			—			0.1
Cash and cash equivalents at end of period	$	3.1		$	0.1		$	61.0		$	13.0		$	—		$	77.2

Condensed Consolidated Statement of Cash Flows

For the 13 weeks ended November 1, 2014

(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	$	99.3		$	4.5		$	(253.1	)	$	41.2		$	(100.0	)	$	(208.1	)
Investing activities
Purchase of property, plant and equipment	—			—			(75.1		)	—			—			(75.1		)
Investment in subsidiaries	—			—			(1.4		)	—			1.4			—
Purchase of available-for-sale securities	—			—			—			(3.0		)	—			(3.0		)
Proceeds from available-for-sale securities	—			—			—			1.5			—			1.5
Acquisition of Zale Corporation, net of cash acquired	—			—			—			—			—			—
Net cash used in investing activities	—			—			(76.5		)	(1.5		)	1.4			(76.6		)
Financing activities
Dividends paid	(14.4		)	—			—			—			—			(14.4		)
Intra-entity dividends paid	—			—			(100.0		)	—			100.0			—
Proceeds from issuance of common shares	2.2			1.4			—			—			(1.4		)	2.2
Excess tax benefit from exercise of share awards	—			—			—			—			—			—
Proceeds from long-term debt	—			—			—			493.4			—			493.4
Repayments of long-term debt	—			—			(5.0		)	(493.4		)	—			(498.4		)
Proceeds from revolving credit facility	—			—			145.0			—			—			145.0
Repayments of revolving credit facility	—			—			—			—			—			—
Payment of debt issuance costs	—			(1.3		)	(0.3		)	(0.5		)	—			(2.1		)
Repurchase of common shares	(7.4		)	—			—			—			—			(7.4		)
Net settlement of equity based awards	(3.0		)	—			—			—			—			(3.0		)
Capital lease payments	—			—			(0.3		)	—			—			(0.3		)
Proceeds from short-term borrowings	—			—			43.0			—			—			43.0
Intra-entity activity, net	(75.2		)	(4.6		)	135.0			(55.2		)	—			—
Net cash (used in) provided by financing activities	(97.8		)	(4.5		)	217.4			(55.7		)	98.6			158.0
Cash and cash equivalents at beginning of period	1.4			—			191.1			22.5			—			215.0
Increase (decrease) in cash and cash equivalents	1.5			—			(112.2		)	(16.0		)	—			(126.7		)
Effect of exchange rate changes on cash and cash equivalents	—			—			(4.8		)	4.1			—			(0.7		)
Cash and cash equivalents at end of period	$	2.9		$	—		$	74.1		$	10.6		$	—		$	87.6

Condensed Consolidated Statement of Cash Flows

For the 39 weeks ended November 1, 2014

(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	$	148.4		$	8.3		$	(113.8	)	$	82.9		$	(150.0	)	$	(24.2	)
Investing activities
Purchase of property, plant and equipment	—			—			(164.7		)	(0.4		)	—			(165.1		)
Investment in subsidiaries	—			—			(8.8		)	—			8.8			—
Purchase of available-for-sale securities	—			—			—			(4.2		)	—			(4.2		)
Proceeds from available-for-sale securities	—			—			—			2.5			—			2.5
Acquisition of Zale Corporation, net of cash acquired	—			—			(1,431.1		)	1.9			—			(1,429.2		)
Net cash used in investing activities	—			—			(1,604.6		)	(0.2		)	8.8			(1,596.0		)
Financing activities
Dividends paid	(40.8		)	—			—			—			—			(40.8		)
Intra-entity dividends paid	—			—			(949.1		)	(0.9		)	950.0			—
Proceeds from issuance of common shares	4.2			8.8			—			800.0			(808.8		)	4.2
Excess tax benefit from exercise of share awards	—			—			7.7			—			—			7.7
Proceeds from long-term debt	—			398.4			400.0			1,424.0			—			2,222.4
Repayments of long-term debt	—			—			(5.0		)	(824.0		)	—			(829.0		)
Proceeds from revolving credit facility	—			—			145.0			—			—			145.0
Repayments of revolving credit facility	—			—			—			—			—			—
Payment of debt issuance costs	—			(7.0		)	(10.7		)	(2.8		)	—			(20.5		)
Repurchase of common shares	(29.8		)	—			—			—			—			(29.8		)
Net settlement of equity based awards	(18.1		)	—			—			—			—			(18.1		)
Capital lease payments	—			—			(0.5		)	—			—			(0.5		)
Proceeds from short-term borrowings	—			—			20.8			—			—			20.8
Intra-entity activity, net	(62.4		)	(408.5		)	1,950.5			(1,479.6		)	—			—
Net cash (used in) provided by financing activities	(146.9		)	(8.3		)	1,558.7			(83.3		)	141.2			1,461.4
Cash and cash equivalents at beginning of period	1.4			—			237.0			9.2			—			247.6
Increase (decrease) in cash and cash equivalents	1.5			—			(159.7		)	(0.6		)	—			(158.8		)
Effect of exchange rate changes on cash and cash equivalents	—			—			(3.2		)	2.0			—			(1.2		)
Cash and cash equivalents at end of period	$	2.9		$	—		$	74.1		$	10.6		$	—		$	87.6