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Condensed consolidating financial information (Tables)
 9 Months Ended
Oct. 28, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Condensed Income Statement
Condensed Consolidated Income Statement
For the 13 weeks ended October 28, 2017
(Unaudited)

(in millions)
Signet
Jewelers
Limited
 
Signet UK
Finance plc
 
Guarantor
Subsidiaries
 
Non-
Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Sales
$
—

 
$
—

 
$
1,067.0

 
$
89.9

 
$
—

 
$
1,156.9

Cost of sales
—

 
—

 
(799.9
)
 
(35.9
)
 
—

 
(835.8
)
Gross margin
—

 
—

 
267.1

 
54.0

 
—

 
321.1

Selling, general and administrative expenses
(0.6
)
 
—

 
(346.4
)
 
(28.9
)
 
—

 
(375.9
)
Credit transaction, net
—

 
—

 
(12.2
)
 
—

 
—

 
(12.2
)
Other operating income (loss), net
—

 
—

 
72.7

 
(0.2
)
 
—

 
72.5

Operating (loss) income
(0.6
)
 
—

 
(18.8
)
 
24.9

 
—

 
5.5

Intra-entity interest income (expense)
—

 
4.7

 
(47.0
)
 
42.3

 
—

 
—

Interest expense, net
—

 
(5.1
)
 
(7.7
)
 
(3.8
)
 
—

 
(16.6
)
(Loss) income before income taxes
(0.6
)
 
(0.4
)
 
(73.5
)
 
63.4

 
—

 
(11.1
)
Income taxes
—

 
0.1

 
28.3

 
(21.2
)
 
—

 
7.2

Equity in income of subsidiaries
(3.3
)
 
—

 
(71.5
)
 
(45.5
)
 
120.3

 
—

Net (loss) income
$
(3.9
)
 
$
(0.3
)
 
$
(116.7
)
 
$
(3.3
)
 
$
120.3

 
$
(3.9
)
Dividends on redeemable convertible preferred shares
(8.2
)
 
—

 
—

 
—

 
—

 
(8.2
)
Net (loss) income attributable to common shareholders
$
(12.1
)
 
$
(0.3
)
 
$
(116.7
)
 
$
(3.3
)
 
$
120.3

 
$
(12.1
)



Condensed Consolidated Income Statement
For the 13 weeks ended October 29, 2016
(Unaudited)

(in millions)
Signet
Jewelers
Limited
 
Signet UK
Finance plc
 
Guarantor
Subsidiaries
 
Non-
Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Sales
$
—

 
$
—

 
$
1,121.8

 
$
64.4

 
$
—

 
$
1,186.2

Cost of sales
—

 
—

 
(821.7
)
 
(14.5
)
 
—

 
(836.2
)
Gross margin
—

 
—

 
300.1

 
49.9

 
—

 
350.0

Selling, general and administrative expenses
(0.3
)
 
—

 
(362.0
)
 
(24.2
)
 
—

 
(386.5
)
Other operating income (loss), net
—

 
—

 
75.6

 
(7.0
)
 
—

 
68.6

Operating (loss) income
(0.3
)
 
—

 
13.7

 
18.7

 
—

 
32.1

Intra-entity interest income (expense)
—

 
4.7

 
(47.8
)
 
43.1

 
—

 
—

Interest expense, net
—

 
(5.0
)
 
(4.5
)
 
(3.2
)
 
—

 
(12.7
)
(Loss) income before income taxes
(0.3
)
 
(0.3
)
 
(38.6
)
 
58.6

 
—

 
19.4

Income taxes
—

 
—

 
15.1

 
(17.5
)
 
—

 
(2.4
)
Equity in income of subsidiaries
17.3

 
—

 
(51.9
)
 
(23.6
)
 
58.2

 
—

Net income (loss)
$
17.0

 
$
(0.3
)
 
$
(75.4
)
 
$
17.5

 
$
58.2

 
$
17.0

Dividends on redeemable convertible preferred shares
(2.2
)
 
—

 
—

 
—

 
—

 
(2.2
)
Net income (loss) attributable to common shareholders
$
14.8

 
$
(0.3
)
 
$
(75.4
)
 
$
17.5

 
$
58.2

 
$
14.8



Condensed Consolidated Income Statement
For the 39 weeks ended October 28, 2017
(Unaudited)

(in millions)
Signet
Jewelers
Limited
 
Signet UK
Finance plc
 
Guarantor
Subsidiaries
 
Non-
Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Sales
$
—

 
$
—

 
$
3,714.5

 
$
245.4

 
$
—

 
$
3,959.9

Cost of sales
—

 
—

 
(2,623.1
)
 
(66.6
)
 
—

 
(2,689.7
)
Gross margin
—

 
—

 
1,091.4

 
178.8

 
—

 
1,270.2

Selling, general and administrative expenses
(1.0
)
 
—

 
(1,144.9
)
 
(91.8
)
 
—

 
(1,237.7
)
Credit transaction, net
—

 
—

 
2.6

 
—

 
—

 
2.6

Other operating income (loss), net
—

 
—

 
221.6

 
(0.3
)
 
—

 
221.3

Operating (loss) income
(1.0
)
 
—

 
170.7

 
86.7

 
—

 
256.4

Intra-entity interest income (expense)
—

 
14.1

 
(138.8
)
 
124.7

 
—

 
—

Interest expense, net
—

 
(15.0
)
 
(16.5
)
 
(11.2
)
 
—

 
(42.7
)
(Loss) income before income taxes
(1.0
)
 
(0.9
)
 
15.4

 
200.2

 
—

 
213.7

Income taxes
—

 
0.2

 
(8.4
)
 
(37.5
)
 
—

 
(45.7
)
Equity in income of subsidiaries
169.0

 
—

 
(41.2
)
 
11.0

 
(138.8
)
 
—

Net income (loss)
$
168.0

 
$
(0.7
)
 
$
(34.2
)
 
$
173.7

 
$
(138.8
)
 
$
168.0

Dividends on redeemable convertible preferred shares
(24.6
)
 
—

 
—

 
—

 
—

 
(24.6
)
Net income (loss) attributable to common shareholders
$
143.4

 
$
(0.7
)
 
$
(34.2
)
 
$
173.7

 
$
(138.8
)
 
$
143.4




Condensed Consolidated Income Statement
For the 39 weeks ended October 29, 2016
(Unaudited)

(in millions)
Signet
Jewelers
Limited
 
Signet UK
Finance plc
 
Guarantor
Subsidiaries
 
Non-
Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Sales
$
—

 
$
—

 
$
3,955.0

 
$
183.5

 
$
—

 
$
4,138.5

Cost of sales
—

 
—

 
(2,688.0
)
 
(35.2
)
 
—

 
(2,723.2
)
Gross margin
—

 
—

 
1,267.0

 
148.3

 
—

 
1,415.3

Selling, general and administrative expenses
(0.9
)
 
—

 
(1,190.9
)
 
(73.1
)
 
—

 
(1,264.9
)
Other operating income (loss), net
—

 
—

 
227.6

 
(14.0
)
 
—

 
213.6

Operating (loss) income
(0.9
)
 
—

 
303.7

 
61.2

 
—

 
364.0

Intra-entity interest income (expense)
—

 
14.1

 
(142.2
)
 
128.1

 
—

 
—

Interest expense, net
—

 
(14.8
)
 
(12.1
)
 
(9.5
)
 
—

 
(36.4
)
(Loss) income before income taxes
(0.9
)
 
(0.7
)
 
149.4

 
179.8

 
—

 
327.6

Income taxes
—

 
0.1

 
(61.5
)
 
(20.5
)
 
—

 
(81.9
)
Equity in income of subsidiaries
246.6

 
—

 
48.8

 
93.1

 
(388.5
)
 
—

Net income (loss)
$
245.7

 
$
(0.6
)
 
$
136.7

 
$
252.4

 
$
(388.5
)
 
$
245.7

Dividends on redeemable convertible preferred shares
(2.2
)
 
—

 
—

 
—

 
—

 
(2.2
)
Net income (loss) attributable to common shareholders
$
243.5

 
$
(0.6
)
 
$
136.7

 
$
252.4

 
$
(388.5
)
 
$
243.5
Condensed Statement of Comprehensive Income
Condensed Consolidated Statement of Comprehensive Income (Loss)
For the 13 weeks ended October 28, 2017
(Unaudited)

(in millions)
Signet
Jewelers
Limited
 
Signet UK
Finance plc
 
Guarantor
Subsidiaries
 
Non-
Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Net (loss) income
$
(3.9
)
 
$
(0.3
)
 
$
(116.7
)
 
$
(3.3
)
 
$
120.3

 
$
(3.9
)
Other comprehensive income (loss):
 
 
 
 
 
 
 
 
 
 
 
Foreign currency translation adjustments
(6.5
)
 
—

 
(6.5
)
 
—

 
6.5

 
(6.5
)
Available-for-sale securities:
 
 
 
 
 
 
 
 
 
 
 
Unrealized loss
(0.2
)
 
—

 
—

 
(0.2
)
 
0.2

 
(0.2
)
Cash flow hedges:
 
 
 
 
 
 
 
 
 
 
 
Unrealized gain
0.9

 
—

 
0.9

 
—

 
(0.9
)
 
0.9

Reclassification adjustment for gains to net income
(0.6
)
 
—

 
(0.6
)
 
—

 
0.6

 
(0.6
)
Pension plan:
 
 
 
 
 
 
 
 
 
 
 
Actuarial loss
(0.9
)
 
—

 
(0.9
)
 
—

 
0.9

 
(0.9
)
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
)
Net curtailment gain and settlement loss
(3.0
)
 
—

 
(3.0
)
 
—

 
3.0

 
(3.0
)
Total other comprehensive (loss) income
(10.1
)
 
—

 
(9.9
)
 
(0.2
)
 
10.1

 
(10.1
)
Total comprehensive (loss) income
$
(14.0
)
 
$
(0.3
)
 
$
(126.6
)
 
$
(3.5
)
 
$
130.4

 
$
(14.0
)


Condensed Consolidated Statement of Comprehensive Income (Loss)
For the 13 weeks ended October 29, 2016
(Unaudited)

(in millions)
Signet
Jewelers
Limited
 
Signet UK
Finance plc
 
Guarantor
Subsidiaries
 
Non-
Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Net income (loss)
$
17.0

 
$
(0.3
)
 
$
(75.4
)
 
$
17.5

 
$
58.2

 
$
17.0

Other comprehensive income (loss):
 
 
 
 
 
 
 
 
 
 
 
Foreign currency translation adjustments
(28.9
)
 
—

 
(32.5
)
 
3.6

 
28.9

 
(28.9
)
Available-for-sale securities:
 
 
 
 
 
 
 
 
 
 
 
Unrealized loss
(0.2
)
 
—

 
—

 
(0.2
)
 
0.2

 
(0.2
)
Cash flow hedges:
 
 
 
 
 
 
 
 
 
 
 
Unrealized gain
1.9

 
—

 
1.9

 
—

 
(1.9
)
 
1.9

Reclassification adjustment for losses to net income
(0.1
)
 
—

 
(0.1
)
 
—

 
0.1

 
(0.1
)
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 net prior service credits
(0.4
)
 
—

 
(0.4
)
 
—

 
0.4

 
(0.4
)
Total other comprehensive (loss) income
(27.3
)
 
—

 
(30.7
)
 
3.4

 
27.3

 
(27.3
)
Total comprehensive (loss) income
$
(10.3
)
 
$
(0.3
)
 
$
(106.1
)
 
$
20.9

 
$
85.5

 
$
(10.3
)

Condensed Consolidated Statement of Comprehensive Income (Loss)
For the 39 weeks ended October 28, 2017
(Unaudited)

(in millions)
Signet
Jewelers
Limited
 
Signet UK
Finance plc
 
Guarantor
Subsidiaries
 
Non-
Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Net income (loss)
$
168.0

 
$
(0.7
)
 
$
(34.2
)
 
$
173.7

 
$
(138.8
)
 
$
168.0

Other comprehensive income (loss):
 
 
 
 
 
 
 
 
 
 
 
Foreign currency translation adjustments
18.6

 
—

 
18.6

 
—

 
(18.6
)
 
18.6

Available-for-sale securities:
 
 
 
 
 
 
 
 
 
 
 
Unrealized gain
0.3

 
—

 
—

 
0.3

 
(0.3
)
 
0.3

Cash flow hedges:
 
 
 
 
 
 
 
 
 
 
 
Unrealized gain
2.7

 
—

 
2.7

 
—

 
(2.7
)
 
2.7

Reclassification adjustment for gains to net income
(3.1
)
 
—

 
(3.1
)
 
—

 
3.1

 
(3.1
)
Pension plan:
 
 
 
 
 
 
 
 
 
 
 
Actuarial loss
(0.9
)
 
—

 
(0.9
)
 
—

 
0.9

 
(0.9
)
Reclassification adjustment to net income for amortization of actuarial losses
1.8

 
—

 
1.8

 
—

 
(1.8
)
 
1.8

Reclassification adjustment to net income for amortization of net prior service credits
(1.1
)
 
—

 
(1.1
)
 
—

 
1.1

 
(1.1
)
Net curtailment gain and settlement loss
(3.0
)
 
—

 
(3.0
)
 
 
 
3.0

 
(3.0
)
Total other comprehensive income
15.3

 
—

 
15.0

 
0.3

 
(15.3
)
 
15.3

Total comprehensive income (loss)
$
183.3

 
$
(0.7
)
 
$
(19.2
)
 
$
174.0

 
$
(154.1
)
 
$
183.3



Condensed Consolidated Statement of Comprehensive Income (Loss)
For the 39 weeks ended October 29, 2016
(Unaudited)

(in millions)
Signet
Jewelers
Limited
 
Signet UK
Finance plc
 
Guarantor
Subsidiaries
 
Non-
Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Net income (loss)
$
245.7

 
$
(0.6
)
 
$
136.7

 
$
252.4

 
$
(388.5
)
 
$
245.7

Other comprehensive income (loss):
 
 
 
 
 
 
 
 
 
 
 
Foreign currency translation adjustments
(38.0
)
 
—

 
(45.2
)
 
7.2

 
38.0

 
(38.0
)
Available-for-sale securities:
 
 
 
 
 
 
 
 
 
 
 
Unrealized gain
0.2

 
—

 
—

 
0.2

 
(0.2
)
 
0.2

Cash flow hedges:
 
 
 
 
 
 
 
 
 
 
 
Unrealized gain
8.2

 
—

 
8.2

 
—

 
(8.2
)
 
8.2

Reclassification adjustment for losses to net income
1.6

 
—

 
1.6

 
—

 
(1.6
)
 
1.6

Pension plan:
 
 
 
 
 
 
 
 
 
 
 
Reclassification adjustment to net income for amortization of actuarial losses
1.0

 
—

 
1.0

 
—

 
(1.0
)
 
1.0

Reclassification adjustment to net income for amortization of net prior service credits
(1.2
)
 
—

 
(1.2
)
 
—

 
1.2

 
(1.2
)
Total other comprehensive (loss) income
(28.2
)
 
—

 
(35.6
)
 
7.4

 
28.2

 
(28.2
)
Total comprehensive income (loss)
$
217.5

 
$
(0.6
)
 
$
101.1

 
$
259.8

 
$
(360.3
)
 
$
217.5
Condensed Balance Sheet
Condensed Consolidated Balance Sheet
October 28, 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
$
0.4

 
$
0.1

 
$
59.1

 
$
53.8

 
$
—

 
$
113.4

Accounts receivable, net
—

 
—

 
638.7

 
1.4

 
—

 
640.1

Intra-entity receivables, net
85.6

 
7.6

 
—

 
262.1

 
(355.3
)
 
—

Other receivables
—

 
—

 
55.6

 
24.7

 
—

 
80.3

Other current assets
—

 
—

 
140.0

 
5.0

 
—

 
145.0

Income taxes
—

 
—

 
17.3

 
—

 
—

 
17.3

Inventories
—

 
—

 
2,392.6

 
73.5

 
—

 
2,466.1

Total current assets
86.0

 
7.7

 
3,303.3

 
420.5

 
(355.3
)
 
3,462.2

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

 
—

 
847.5

 
7.6

 
—

 
855.1

Goodwill
—

 
—

 
515.0

 
352.1

 
—

 
867.1

Intangible assets, net
—

 
—

 
410.4

 
—

 
—

 
410.4

Investment in subsidiaries
2,693.7

 
—

 
834.5

 
346.2

 
(3,874.4
)
 
—

Intra-entity receivables, net
—

 
400.0

 
—

 
2,835.0

 
(3,235.0
)
 
—

Other assets
—

 
—

 
136.9

 
32.2

 
—

 
169.1

Deferred tax assets
—

 
—

 
1.2

 
0.1

 
—

 
1.3

Retirement benefit asset
—

 
—

 
35.5

 
—

 
—

 
35.5

Total assets
$
2,779.7

 
$
407.7

 
$
6,084.3

 
$
3,993.7

 
$
(7,464.7
)
 
$
5,800.7

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

 
$
(0.7
)
 
$
292.5

 
$
—

 
$
—

 
$
291.8

Accounts payable
—

 
—

 
291.0

 
33.9

 
—

 
324.9

Intra-entity payables, net
—

 
—

 
355.3

 
—

 
(355.3
)
 
—

Accrued expenses and other current liabilities
27.6

 
7.1

 
372.1

 
23.7

 
—

 
430.5

Deferred revenue
—

 
—

 
259.6

 
10.7

 
—

 
270.3

Income taxes
—

 
(0.2
)
 
(24.3
)
 
24.5

 
—

 
—

Total current liabilities
27.6

 
6.2

 
1,546.2

 
92.8

 
(355.3
)
 
1,317.5

Non-current liabilities:
 
 
 
 
 
 
 
 
 
 
 
Long-term debt
—

 
395.0

 
301.8

 
—

 
—

 
696.8

Intra-entity payables, net
—

 
—

 
3,235.0

 
—

 
(3,235.0
)
 
—

Other liabilities
—

 
—

 
238.8

 
5.6

 
—

 
244.4

Deferred revenue
—

 
—

 
646.1

 
—

 
—

 
646.1

Deferred tax liabilities
—

 
—

 
143.6

 
0.2

 
—

 
143.8

Total liabilities
27.6

 
401.2

 
6,111.5

 
98.6

 
(3,590.3
)
 
3,048.6

Series A redeemable convertible preferred shares
613.1

 
—

 
—

 
—

 
—

 
613.1

Total shareholders’ equity (deficit)
2,139.0

 
6.5

 
(27.2
)
 
3,895.1

 
(3,874.4
)
 
2,139.0

Total liabilities, preferred shares and shareholders’ equity
$
2,779.7

 
$
407.7

 
$
6,084.3

 
$
3,993.7

 
$
(7,464.7
)
 
$
5,800.7

Condensed Consolidated Balance Sheet
January 28, 2017

(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

 
$
70.3

 
$
26.6

 
$
—

 
$
98.7

Accounts receivable, net
—

 
—

 
1,858.0

 
—

 
—

 
1,858.0

Intra-entity receivables, net
12.7

 
—

 
145.1

 
—

 
(157.8
)
 
—

Other receivables
—

 
—

 
71.1

 
24.8

 
—

 
95.9

Other current assets
—

 
—

 
131.4

 
4.9

 
—

 
136.3

Income taxes
—

 
—

 
4.4

 
—

 
—

 
4.4

Inventories
—

 
—

 
2,371.8

 
77.5

 
—

 
2,449.3

Total current assets
14.4

 
0.1

 
4,652.1

 
133.8

 
(157.8
)
 
4,642.6

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

 
—

 
818.5

 
4.4

 
—

 
822.9

Goodwill
—

 
—

 
514.0

 
3.6

 
—

 
517.6

Intangible assets, net
—

 
—

 
417.0

 
—

 
—

 
417.0

Investment in subsidiaries
3,117.6

 
—

 
721.6

 
590.9

 
(4,430.1
)
 
—

Intra-entity receivables, net
—

 
402.9

 
—

 
3,647.1

 
(4,050.0
)
 
—

Other assets
—

 
—

 
134.8

 
30.3

 
—

 
165.1

Deferred tax assets
—

 
—

 
0.6

 
0.1

 
—

 
0.7

Retirement benefit asset
—

 
—

 
31.9

 
—

 
—

 
31.9

Total assets
$
3,132.0

 
$
403.0

 
$
7,290.5

 
$
4,410.2

 
$
(8,637.9
)
 
$
6,597.8

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

 
$
(0.7
)
 
$
91.8

 
$
—

 
$
—

 
$
91.1

Accounts payable
—

 
—

 
248.2

 
7.5

 
—

 
255.7

Intra-entity payables, net
—

 
—

 
—

 
157.8

 
(157.8
)
 
—

Accrued expenses and other current liabilities
29.9

 
2.5

 
429.2

 
16.6

 
—

 
478.2

Deferred revenue
—

 
—

 
275.5

 
1.4

 
—

 
276.9

Income taxes
—

 
(0.2
)
 
115.5

 
(13.5
)
 
—

 
101.8

Total current liabilities
29.9

 
1.6

 
1,160.2

 
169.8

 
(157.8
)
 
1,203.7

Non-current liabilities:
 
 
 
 
 
 
 
 
 
 
 
Long-term debt
—

 
394.3

 
323.6

 
600.0

 
—

 
1,317.9

Intra-entity payables, net
—

 
—

 
4,050.0

 
—

 
(4,050.0
)
 
—

Other liabilities
—

 
—

 
208.7

 
5.0

 
—

 
213.7

Deferred revenue
—

 
—

 
659.0

 
—

 
—

 
659.0

Deferred tax liabilities
—

 
—

 
101.4

 
—

 
—

 
101.4

Total liabilities
29.9

 
395.9

 
6,502.9

 
774.8

 
(4,207.8
)
 
3,495.7

Series A redeemable convertible preferred shares
611.9

 
—

 
—

 
—

 
—

 
611.9

Total shareholders’ equity
2,490.2

 
7.1

 
787.6

 
3,635.4

 
(4,430.1
)
 
2,490.2

Total liabilities, preferred shares and shareholders’ equity
$
3,132.0

 
$
403.0

 
$
7,290.5

 
$
4,410.2

 
$
(8,637.9
)
 
$
6,597.8



Condensed Consolidated Balance Sheet
October 29, 2016
(Unaudited)
(in millions)
Signet
Jewelers
Limited
 
Signet UK
Finance plc
 
Guarantor
Subsidiaries
 
Non-
Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Assets
 
 
 
 
 
 
 
Current assets:
 
 
 
 
 
 
 
Cash and cash equivalents
$
0.2

 
$
0.1

 
$
55.7

 
$
26.7

 
$
—

 
$
82.7

Accounts receivable, net
—

 
—

 
1,581.1

 
—

 
—

 
1,581.1

Intra-entity receivables, net
50.4

 
—

 
—

 
278.9

 
(329.3
)
 
—

Other receivables
—

 
—

 
52.0

 
22.2

 
—

 
74.2

Other current assets
—

 
—

 
140.3

 
6.5

 
—

 
146.8

Income taxes
—

 
0.1

 
35.6

 
(14.9
)
 
—

 
20.8

Inventories
—

 
—

 
2,578.3

 
71.1

 
—

 
2,649.4

Total current assets
50.6

 
0.2

 
4,443.0

 
390.5

 
(329.3
)
 
4,555.0

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

 
—

 
786.4

 
4.7

 
—

 
791.1

Goodwill
—

 
—

 
513.4

 
3.6

 
—

 
517.0

Intangible assets, net
—

 
—

 
419.8

 
—

 
—

 
419.8

Investment in subsidiaries
2,812.5

 
—

 
586.7

 
474.4

 
(3,873.6
)
 
—

Intra-entity receivables, net
—

 
407.6

 
—

 
3,647.4

 
(4,055.0
)
 
—

Other assets
—

 
—

 
126.2

 
31.3

 
—

 
157.5

Deferred tax assets
—

 
—

 
—

 
—

 
—

 
—

Retirement benefit asset
—

 
—

 
47.1

 
—

 
—

 
47.1

Total assets
$
2,863.1

 
$
407.8

 
$
6,922.6

 
$
4,551.9

 
$
(8,257.9
)
 
$
6,487.5

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

 
$
(0.7
)
 
$
289.5

 
$
—

 
$
—

 
$
288.8

Accounts payable
—

 
—

 
376.4

 
5.8

 
—

 
382.2

Intra-entity payables, net
—

 
—

 
329.3

 
—

 
(329.3
)
 
—

Accrued expenses and other current liabilities
20.2

 
7.1

 
360.1

 
15.5

 
—

 
402.9

Deferred revenue
—

 
—

 
256.7

 
—

 
—

 
256.7

Income taxes
—

 
—

 
3.9

 
0.5

 
—

 
4.4

Total current liabilities
20.2

 
6.4

 
1,615.9

 
21.8

 
(329.3
)
 
1,335.0

Non-current liabilities:
 
 
 
 
 
 
 
 
 
 
 
Long-term debt
—

 
394.1

 
330.1

 
600.0

 
—

 
1,324.2

Intra-entity payables, net
—

 
—

 
4,055.0

 
—

 
(4,055.0
)
 
—

Other liabilities
—

 
—

 
213.7

 
6.2

 
—

 
219.9

Deferred revenue
—

 
—

 
632.1

 
—

 
—

 
632.1

Deferred tax liabilities
—

 
—

 
133.5

 
(0.1
)
 
—

 
133.4

Total liabilities
20.2

 
400.5

 
6,980.3

 
627.9

 
(4,384.3
)
 
3,644.6

Series A redeemable convertible preferred shares
611.7

 
—

 
—

 
—

 
—

 
611.7

Total shareholders’ equity (deficit)
2,231.2

 
7.3

 
(57.7
)
 
3,924.0

 
(3,873.6
)
 
2,231.2

Total liabilities, preferred shares and shareholders’ equity
$
2,863.1

 
$
407.8

 
$
6,922.6

 
$
4,551.9

 
$
(8,257.9
)
 
$
6,487.5
Condensed Cash Flow Statement
Condensed Consolidated Statement of Cash Flows
For the 39 weeks ended October 28, 2017
(Unaudited)

(in millions)
Signet
Jewelers
Limited
 
Signet UK
Finance plc
 
Guarantor
Subsidiaries
 
Non-
Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Net cash provided by operating activities
$
617.1

 
$
4.6

 
$
1,467.2

 
$
511.4

 
$
(1,118.0
)
 
$
1,482.3

Investing activities
 
 
 
 
 
 
 
 
 
 
 
Purchase of property, plant and equipment
—

 
—

 
(165.7
)
 
(0.4
)
 
—

 
(166.1
)
Purchase of available-for-sale securities
—

 
—

 
—

 
(1.7
)
 
—

 
(1.7
)
Proceeds from available-for-sale securities
—

 
—

 
—

 
0.9

 
—

 
0.9

Acquisition of R2Net Inc., net of cash acquired
—

 
—

 
(332.4
)
 
—

 
—

 
(332.4
)
Net cash used in investing activities
—

 
—

 
(498.1
)
 
(1.2
)
 
—

 
(499.3
)
Financing activities
 
 
 
 
 
 
 
 
 
 
 
Dividends paid on common shares
(57.7
)
 
—

 
—

 
—

 
—

 
(57.7
)
Dividends paid on redeemable convertible preferred shares
(26.9
)
 
—

 
—

 
—

 
—

 
(26.9
)
Intra-entity dividends paid
—

 
—

 
(800.0
)
 
(318.0
)
 
1,118.0

 
—

Proceeds from term and bridge loans
—

 
—

 
350.0

 
—

 
—

 
350.0

Repayments of term and bridge loans
—

 
—

 
(365.7
)
 
—

 
—

 
(365.7
)
Proceeds from securitization facility
—

 
—

 
—

 
1,745.9

 
—

 
1,745.9

Repayments of securitization facility
—

 
—

 
—

 
(2,345.9
)
 
—

 
(2,345.9
)
Proceeds from revolving credit facility
—

 
—

 
605.0

 
—

 
—

 
605.0

Repayments of revolving credit facility
—

 
—

 
(405.0
)
 
—

 
—

 
(405.0
)
Repurchase of common shares
(460.0
)
 
—

 
—

 
—

 
—

 
(460.0
)
Repayments of bank overdrafts
—

 
—

 
(5.9
)
 
—

 
—

 
(5.9
)
Other financing activities
(3.1
)
 
—

 
(1.4
)
 
—

 
—

 
(4.5
)
Intra-entity activity, net
(70.7
)
 
(4.6
)
 
(359.7
)
 
435.0

 
—

 
—

Net cash used in financing activities
(618.4
)
 
(4.6
)
 
(982.7
)
 
(483.0
)
 
1,118.0

 
(970.7
)
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
(1.3
)
 
—

 
(13.6
)
 
27.2

 
—

 
12.3

Effect of exchange rate changes on cash and cash equivalents
—

 
—

 
2.4

 
—

 
—

 
2.4

Cash and cash equivalents at end of period
$
0.4

 
$
0.1

 
$
59.1

 
$
53.8

 
$
—

 
$
113.4


Condensed Consolidated Statement of Cash Flows
For the 39 weeks ended October 29, 2016
(Unaudited)

(in millions)
Signet
Jewelers
Limited
 
Signet UK
Finance plc
 
Guarantor
Subsidiaries
 
Non-
Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Net cash provided by operating activities
$
558.7

 
$
4.9

 
$
385.1

 
$
391.4

 
$
(979.2
)
 
$
360.9

Investing activities
 
 
 
 
 
 
 
 
 
 
 
Purchase of property, plant and equipment
—

 
—

 
(195.6
)
 
—

 
—

 
(195.6
)
Investment in subsidiaries
(91.0
)
 
—

 
—

 
—

 
91.0

 
—

Purchase of available-for-sale securities
—

 
—

 
—

 
(10.4
)
 
—

 
(10.4
)
Proceeds from available-for-sale securities
—

 
—

 
—

 
10.0

 
—

 
10.0

Net cash used in investing activities
(91.0
)
 
—

 
(195.6
)
 
(0.4
)
 
91.0

 
(196.0
)
Financing activities
 
 
 
 
 
 
 
 
 
 
 
Dividends paid on common shares
(57.5
)
 
—

 
—

 
—

 
—

 
(57.5
)
Dividends paid on redeemable convertible preferred shares
—

 
—

 
—

 
—

 
—

 
—

Intra-entity dividends paid
—

 
—

 
(650.0
)
 
(329.2
)
 
979.2

 
—

Proceeds from issuance of redeemable convertible preferred shares, net of issuance costs
611.6

 
—

 
—

 
—

 
—

 
611.6

Repayments of term loan
—

 
—

 
(12.0
)
 
—

 
—

 
(12.0
)
Proceeds from securitization facility
—

 
—

 
—

 
1,837.1

 
—

 
1,837.1

Repayments of securitization facility
—

 
—

 
—

 
(1,837.1
)
 
—

 
(1,837.1
)
Proceeds from revolving credit facility
—

 
—

 
598.0

 
—

 
—

 
598.0

Repayments of revolving credit facility
—

 
—

 
(339.0
)
 
—

 
—

 
(339.0
)
Repurchase of common shares
(1,000.0
)
 
—

 
—

 
—

 
—

 
(1,000.0
)
Repayments of bank overdrafts
—

 
—

 
(13.3
)
 
—

 
—

 
(13.3
)
Other financing activities
(4.4
)
 
—

 
90.0

 
(0.6
)
 
(91.0
)
 
(6.0
)
Intra-entity activity, net
(19.1
)
 
(4.9
)
 
91.6

 
(67.6
)
 
—

 
—

Net cash used in financing activities
(469.4
)
 
(4.9
)
 
(234.7
)
 
(397.4
)
 
888.2

 
(218.2
)
Cash and cash equivalents at beginning of period
1.9

 
0.1

 
102.0

 
33.7

 
—

 
137.7

(Decrease) increase in cash and cash equivalents
(1.7
)
 
—

 
(45.2
)
 
(6.4
)
 
—

 
(53.3
)
Effect of exchange rate changes on cash and cash equivalents
—

 
—

 
(1.1
)
 
(0.6
)
 
—

 
(1.7
)
Cash and cash equivalents at end of period
$
0.2

 
$
0.1

 
$
55.7

 
$
26.7

 
$
—

 
$
82.7