XML 36 R80.htm IDEA: XBRL DOCUMENT v2.4.0.8
Guarantor Subsidiaries - Consolidating Statements of Condensed Cash Flows (Detail) (USD $)
In Millions, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 29, 2013
Jun. 30, 2012
Jun. 29, 2013
Jun. 30, 2012
Operating Activities        
Net income $ 18.1 $ 26.3 $ 19.1 $ 33.1
Depreciation & amortization 24.9 23.7 49.6 47.5
Amortization of financing fees 0.8 0.9 1.5 2.1
Share-based compensation expense 1.8 1.4 2.5 2.2
Increase (decrease) in deferred income taxes 1.6 4.0 1.6 4.0
Gain on bargain purchase   (0.9)   (0.9)
Loss on disposal of property, plant & equipment 0.3 0.3 0.3 0.9
Other non-cash items (0.1) 1.0 0.2 0.6
Net change in operating assets and liabilities, net of acquisition (13.3) (18.6) (99.3) (94.5)
Net cash provided by (used in) operating activities 34.1 38.1 (24.5) (5.0)
Investing Activities        
Acquisition, net of cash acquired (6.5)   (6.5) (5.0)
Additions to property, plant & equipment (14.6) (19.7) (34.5) (37.4)
Additions to intangibles and other assets (1.7) (1.0) (1.9) (3.7)
Proceeds from sale of assets held for sale   1.0   1.0
Proceeds from insurance recoveries       0.4  
Net cash used in investing activities (22.8) (19.7) (42.5) (45.1)
Financing Activities        
Payments of long-term debt (19.1) (1.4) (19.6) (2.6)
Borrowings under ABL   17.5   24.5
Payments under ABL   (17.5)   (24.5)
Distributions to non-controlling interests (0.7) (0.3) (2.8) (1.4)
Common shares repurchased and cancelled (5.5) (0.3) (8.4) (0.3)
Dividends to shareholders (11.2)   (11.2)  
Net cash used in financing activities (36.5) (2.0) (42.0) (4.3)
Effect of exchange rate changes on cash (1.0) (0.9) (3.6) 0.6
Net (decrease) increase in cash & cash equivalents (26.2) 15.5 (112.6) (53.8)
Cash & cash equivalents, beginning of period 93.0 31.6 179.4 100.9
Cash & cash equivalents, end of period 66.8 47.1 66.8 47.1
Cott Corporation [Member]
       
Operating Activities        
Net income 16.5 25.1 16.5 31.0
Depreciation & amortization 1.5 1.5 3.1 3.1
Amortization of financing fees 0.1   0.1 0.1
Share-based compensation expense 0.9 0.7 0.9 0.8
Increase (decrease) in deferred income taxes 0.1 1.8 0.5 1.1
Equity (income) loss, net of distributions (16.7) (21.7) (19.0) (29.8)
Intercompany transactions 11.7 12.0 22.5 16.2
Other non-cash items (0.2) 0.8 (0.1) 0.4
Net change in operating assets and liabilities, net of acquisition 4.3 (9.9) (4.4) (18.7)
Net cash provided by (used in) operating activities 18.2 10.3 20.1 4.2
Investing Activities        
Additions to property, plant & equipment (3.2) (2.7) (4.9) (4.2)
Net cash used in investing activities (3.2) (2.7) (4.9) (4.2)
Financing Activities        
Payments of long-term debt (0.1)   (0.1)  
Advances from affiliates (2.1) 0.9 (0.1) 3.5
Common shares repurchased and cancelled (5.5) (0.3) (8.4) (0.3)
Dividends to shareholders (11.2)   (11.2)  
Net cash used in financing activities (18.9) 0.6 (19.8) 3.2
Effect of exchange rate changes on cash (1.1) (0.4) (1.9) (0.1)
Net (decrease) increase in cash & cash equivalents (5.0) 7.8 (6.5) 3.1
Cash & cash equivalents, beginning of period 38.3 9.0 39.8 13.7
Cash & cash equivalents, end of period 33.3 16.8 33.3 16.8
Cott Beverages Inc. [Member]
       
Operating Activities        
Net income 1.6 7.0 (0.7) 11.7
Depreciation & amortization 9.8 8.9 19.4 17.7
Amortization of financing fees 0.6 0.9 1.3 1.9
Share-based compensation expense 0.9 0.3 1.4 0.8
Increase (decrease) in deferred income taxes 2.4 2.1 1.8 2.5
Loss on disposal of property, plant & equipment 0.3   0.3 0.4
Equity (income) loss, net of distributions (1.5) (1.3) (2.6) (2.3)
Intercompany transactions 0.7 0.2 2.9 1.4
Other non-cash items 0.2 0.2 0.3 0.2
Net change in operating assets and liabilities, net of acquisition (3.7) (0.4) (25.9) (21.0)
Net cash provided by (used in) operating activities 11.3 17.9 (1.8) 13.3
Investing Activities        
Additions to property, plant & equipment (7.3) (13.7) (20.0) (24.8)
Additions to intangibles and other assets (1.7) (1.4) (1.9) (3.6)
Proceeds from insurance recoveries     0.4  
Net cash used in investing activities (9.0) (15.1) (21.5) (28.4)
Financing Activities        
Payments of long-term debt (0.3) (1.3) (0.7) (2.4)
Borrowings under ABL   17.5   24.5
Payments under ABL   (17.5)   (24.5)
Net cash used in financing activities (0.3) (1.3) (0.7) (2.4)
Net (decrease) increase in cash & cash equivalents 2.0 1.5 (24.0) (17.5)
Cash & cash equivalents, beginning of period 11.5 1.7 37.5 20.7
Cash & cash equivalents, end of period 13.5 3.2 13.5 3.2
Guarantor Subsidiaries [Member]
       
Operating Activities        
Net income 16.3 21.8 19.6 31.4
Depreciation & amortization 12.1 11.9 24.1 23.9
Amortization of financing fees 0.1   0.1 0.1
Share-based compensation expense   0.3 0.2 0.5
Increase (decrease) in deferred income taxes (0.9) 0.4 (0.7) 0.6
Gain on bargain purchase   (0.9)   (0.9)
Loss on disposal of property, plant & equipment   0.3   0.5
Equity (income) loss, net of distributions (1.5) (6.7) 0.6 (11.8)
Other non-cash items (0.1)      
Net change in operating assets and liabilities, net of acquisition (24.5) (20.1) (92.7) (72.8)
Net cash provided by (used in) operating activities 1.5 7.0 (48.8) (28.5)
Investing Activities        
Acquisition, net of cash acquired (6.5)   (6.5) (5.0)
Additions to property, plant & equipment (3.6) (3.1) (8.3) (8.1)
Additions to intangibles and other assets   0.4   (0.1)
Proceeds from sale of assets held for sale   1.0   1.0
Net cash used in investing activities (10.1) (1.7) (14.8) (12.2)
Financing Activities        
Payments of long-term debt (18.5)   (18.5)  
Net cash used in financing activities (18.5)   (18.5)  
Effect of exchange rate changes on cash 0.2 (0.2) (1.7) 0.6
Net (decrease) increase in cash & cash equivalents (26.9) 5.1 (83.8) (40.1)
Cash & cash equivalents, beginning of period 39.5 13.7 96.4 58.9
Cash & cash equivalents, end of period 12.6 18.8 12.6 18.8
Non-Guarantor Subsidiaries [Member]
       
Operating Activities        
Net income 3.4 2.1 4.7 2.9
Depreciation & amortization 1.5 1.4 3.0 2.8
Share-based compensation expense   0.1   0.1
Increase (decrease) in deferred income taxes   (0.3)   (0.2)
Net change in operating assets and liabilities, net of acquisition (1.8) (0.4) (1.7) 0.4
Net cash provided by (used in) operating activities 3.1 2.9 6.0 6.0
Investing Activities        
Additions to property, plant & equipment (0.5) (0.2) (1.3) (0.3)
Advances to affiliates 2.1 (0.9) 0.1 (3.5)
Net cash used in investing activities 1.6 (1.1) (1.2) (3.8)
Financing Activities        
Payments of long-term debt (0.2) (0.1) (0.3) (0.2)
Distributions to non-controlling interests (0.7) (0.3) (2.8) (1.4)
Net cash used in financing activities (0.9) (0.4) (3.1) (1.6)
Effect of exchange rate changes on cash (0.1) (0.3)   0.1
Net (decrease) increase in cash & cash equivalents 3.7 1.1 1.7 0.7
Cash & cash equivalents, beginning of period 3.7 7.2 5.7 7.6
Cash & cash equivalents, end of period 7.4 8.3 7.4 8.3
Elimination Entries [Member]
       
Operating Activities        
Net income (19.7) (29.7) (21.0) (43.9)
Equity (income) loss, net of distributions 19.7 29.7 21.0 43.9
Intercompany transactions (12.4) (12.2) (25.4) (17.6)
Net change in operating assets and liabilities, net of acquisition 12.4 12.2 25.4 17.6
Investing Activities        
Advances to affiliates (2.1) 0.9 (0.1) 3.5
Net cash used in investing activities (2.1) 0.9 (0.1) 3.5
Financing Activities        
Advances from affiliates 2.1 (0.9) 0.1 (3.5)
Net cash used in financing activities $ 2.1 $ (0.9) $ 0.1 $ (3.5)