-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, EfNcdTCngsAX5AtevxrHA3AzDRJlDUTMBokNKa/DDovZi8D7UhI1DclkmapCXMCS QpJhKO/6ej9D+U2exLO/nA== 0001193125-08-039328.txt : 20080227 0001193125-08-039328.hdr.sgml : 20080227 20080227060726 ACCESSION NUMBER: 0001193125-08-039328 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20080227 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20080227 DATE AS OF CHANGE: 20080227 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COTT CORP /CN/ CENTRAL INDEX KEY: 0000884713 STANDARD INDUSTRIAL CLASSIFICATION: BOTTLED & CANNED SOFT DRINKS CARBONATED WATERS [2086] IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-31410 FILM NUMBER: 08644619 BUSINESS ADDRESS: STREET 1: 6525 VISCOUNT RD CITY: MISSISSAUGA STATE: A6 ZIP: 00000 BUSINESS PHONE: 9056721900 MAIL ADDRESS: STREET 1: 6525 VISCOUNT RD CITY: MISSISSAUGA STATE: A6 ZIP: 00000 8-K 1 d8k.htm FORM 8-K Form 8-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 27, 2008

 

 

COTT CORPORATION

(Exact name of registrant as specified in its charter)

 

 

 

CANADA   001-31410   None

(State or other jurisdiction

of incorporation)

   (Commission File Number)  

(IRS Employer

Identification No.)

 

6525 Viscount Road

Mississauga, Ontario, Canada

5519 West Idlewild Avenue, Suite 100

Tampa, Florida, United States

  

L4V 1H6

33634

 
(Address of principal executive offices)  

(Zip Code)

 

  Registrant’s telephone number, including area code    (905) 672-1900   
     (813) 313-1800   

N/A

(Former name or former address, if changed since last report.)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

Item 2.02. Results of Operations and Financial Condition.

On February 27, 2008, Cott Corporation issued an unaudited Consolidated Statements of Cash Flow for the full fiscal year ended December 29, 2007. The statement of cash flows are furnished herewith as Exhibit 99.1 to this Form 8-K and is incorporated by reference into this Item 2.02 as if fully set forth herein.

 

Item 9.01. Financial Statements and Exhibits.

 

  (d) Exhibits

99.1 Consolidated Statement of Cash Flows (Unaudited) dated February 27, 2008.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

        COTT CORPORATION
Date:   February 27, 2008   By:  

/s/ Matthew A. Kane, Jr.

      Matthew A. Kane, Jr.
      Vice President, General Counsel and Secretary

EXHIBIT INDEX

 

Number

  

Description

99.1   Consolidated Statement of Cash Flows (Unaudited) dated February 27, 2008.
 EX-99.1 2 dex991.htm CONSOLIDATED STATEMENTS OF CASH FLOWS Consolidated Statements of Cash Flows

Exhibit 99.1

Consolidated Statements of Cash Flows (Unaudited)

 

(in millions of U.S. dollars)    December 29,
2007		     December 30,
2006		     December 31,
2005		  

OPERATING ACTIVITIES

       

Net (loss) income

    $ (73.2 )   $ (17.5 )   $ 24.6  

Depreciation and amortization

      71.7       86.8       70.2  

Amortization of financing fees

      1.8       1.1       0.8  

Share-based compensation

      3.9       11.4       —    

Minority interest

      2.7       3.8       4.5  

Loss on disposal of property, plant and equipment

      0.2       —         1.5  

Gain on buyback of notes

      (0.4 )     —         —    

Asset impairments

      66.4       15.4       33.5  

Net change in non-cash working capital, deferred income taxes and other non-cash items

      7.7       8.4       (6.0 )
                        

Cash provided by operating activities

      80.8       109.4       129.1  

INVESTING ACTIVITIES

       

Additions to property, plant and equipment

      (74.1 )     (35.1 )     (75.8 )

Additions to intangibles and other assets

      (3.7 )     (13.0 )     (9.0 )

Proceeds from disposition of property, plant and equipment

      1.3       1.6       2.2  

Acquisition of businesses and business assets

      (2.2 )     —         (135.1 )
                        

Cash used in investing activities

      (78.7 )     (46.5 )     (217.7 )

FINANCING ACTIVITIES

       

Payments of long-term debt

      (0.7 )     (1.0 )     (0.9 )

Payments of short-term borrowings

      (13.7 )     —         —    

Short-term borrowings

      34.7       (65.9 )     91.8  

Long-term borrowings

      0.7       —         —    

Purchase and cancellation of long-term debt

      (5.5 )     —         —    

Distributions to subsidiary minority shareowner

      (3.9 )     (5.4 )     (5.8 )

Issue of common shares

      0.5       0.4       3.6  

Financing costs

      —         —         (3.8 )

Other financing activities

      (0.4 )     0.6       (0.4 )
                        

Cash provided by (used in) financing activities

      11.7       (71.3 )     84.5  

Effect of exchange rate changes on cash

      0.2       0.1       (0.8 )
                        

Net increase (decrease) in cash

      14.0       (8.3 )     (4.9 )

Cash, beginning of year

      13.4       21.7       26.6  
                        

Cash, end of year

    $ 27.4     $ 13.4     $ 21.7  
                        
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