Guarantor Subsidiaries (Tables)

9 Months Ended

Sep. 30, 2017

DSS Group Inc [Member]

Condensed Consolidating Statement of Operations

Condensed Consolidating Statements of Operations

(in millions of U.S. dollars)

Unaudited

	For the Three Months Ended September 30, 2017
	Cott Corporation			DS Services of America, Inc.			DSS Guarantor Subsidiaries			DSS Non-Guarantor Subsidiaries			Elimination Entries			Consolidated
Revenue, net	$	—		$	271.9		$	198.7		$	110.3		$	—		$	580.9
Cost of sales		—			105.4			145.9			36.8			—			288.1
Gross profit		—			166.5			52.8			73.5			—			292.8
Selling, general and administrative expenses		1.2			143.7			57.0			60.9			—			262.8
Loss (gain) on disposal of property, plant & equipment, net		—			0.3			(0.6	)		(0.1	)		—			(0.4	)
Acquisition and integration expenses		—			2.5			2.2			(1.5	)		—			3.2
Operating (loss) income		(1.2	)		20.0			(5.8	)		14.2			—			27.2
Other expense (income), net		—			0.3			1.3			(0.1	)		—			1.5
Intercompany interest expense (income), net		—			54.2			(33.4	)		(12.8	)		(8.0	)		—
Interest expense, net		7.5			5.2			10.5			—			—			23.2
(Loss) income before income tax expense, equity income and discontinued operations		(8.7	)		(39.7	)		15.8			27.1			8.0			2.5
Income tax expense		—			0.4			0.5			—			—			0.9
Equity income		43.4			—			0.1			—			(43.5	)		—
Net income (loss) from continuing operations	$	34.7		$	(40.1	)	$	15.4		$	27.1		$	(35.5	)	$	1.6
Net income from discontinued operations, net of income taxes		7.8			—			32.8			3.3			(0.9	)		43.0
Net income (loss)		42.5			(40.1	)		48.2			30.4			(36.4	)		44.6
Less: Net income attributable to non-controlling interests		—			—			—			2.1			—			2.1
Net income (loss) attributable to Cott Corporation	$	42.5		$	(40.1	)	$	48.2		$	28.3		$	(36.4	)	$	42.5
Comprehensive income (loss) attributable to Cott Corporation	$	46.7		$	(40.1	)	$	27.4		$	23.0		$	(10.3	)	$	46.7

Condensed Consolidating Statements of Operations

(in millions of U.S. dollars)

Unaudited

	For the Nine Months Ended September 30, 2017
	Cott Corporation			DS Services of America, Inc.			DSS Guarantor Subsidiaries			DSS Non-Guarantor Subsidiaries			Elimination Entries			Consolidated
Revenue, net	$	—		$	786.3		$	607.6		$	304.5		$	—		$	1,698.4
Cost of sales		—			305.9			443.8			100.0			—			849.7
Gross profit		—			480.4			163.8			204.5			—			848.7
Selling, general and administrative expenses		4.1			423.4			171.6			178.7			—			777.8
Loss (gain) on disposal of property, plant & equipment, net		—			6.3			(1.5	)		—			—			4.8
Acquisition and integration expenses		—			5.9			6.9			4.4			—			17.2
Operating (loss) income		(4.1	)		44.8			(13.2	)		21.4			—			48.9
Other (income) expense, net		—			(1.4	)		0.9			(0.6	)		—			(1.1	)
Intercompany interest expense (income), net		—			32.5			(21.6	)		(7.6	)		(3.3	)		—
Interest expense, net		21.6			18.4			22.1			—			—			62.1
(Loss) income before income tax (benefit) expense, equity income and discontinued operations		(25.7	)		(4.7	)		(14.6	)		29.6			3.3			(12.1	)
Income tax (benefit) expense		—			1.2			(5.3	)		5.1			—			1.0
Equity income		0.6			—			0.1			—			(0.7	)		—
Net (loss) income from continuing operations	$	(25.1	)	$	(5.9	)	$	(9.2	)	$	24.5		$	2.6		$	(13.1	)
Net income (loss) from discontinued operations, net of income taxes		6.6			—			(7.4	)		10.8			(9.0	)		1.0
Net (loss) income		(18.5	)		(5.9	)		(16.6	)		35.3			(6.4	)		(12.1	)
Less: Net income attributable to non-controlling interests		—			—			—			6.4			—			6.4
Net (loss) income attributable to Cott Corporation	$	(18.5	)	$	(5.9	)	$	(16.6	)	$	28.9		$	(6.4	)	$	(18.5	)
Comprehensive income (loss) attributable to Cott Corporation	$	6.7		$	(5.9	)	$	(81.3	)	$	28.5		$	58.7		$	6.7

Condensed Consolidating Statements of Operations

(in millions of U.S. dollars)

Unaudited

	For the Three Months Ended October 1, 2016
	Cott Corporation			DS Services of America, Inc.			DSS Guarantor Subsidiaries			DSS Non-Guarantor Subsidiaries			Elimination Entries			Consolidated
Revenue, net	$	—		$	262.2		$	144.6		$	69.9		$	—		$	476.7
Cost of sales		—			101.2			103.0			24.8			—			229.0
Gross profit		—			161.0			41.6			45.1			—			247.7
Selling, general and administrative expenses		1.6			143.9			38.7			41.1			—			225.3
Loss (gain) on disposal of property, plant & equipment, net		—			1.6			(0.2	)		—			—			1.4
Acquisition and integration expenses		—			(1.4	)		7.4			1.4			—			7.4
Operating (loss) income		(1.6	)		16.9			(4.3	)		2.6			—			13.6
Other (income) expense, net		—			(0.3	)		(0.6	)		1.1			—			0.2
Intercompany interest expense (income), net		—			10.8			(0.6	)		(4.2	)		(6.0	)		—
Interest expense (income), net		7.4			7.4			—			(0.3	)		—			14.5
(Loss) income before income tax expense (benefit), equity income and discontinued operations		(9.0	)		(1.0	)		(3.1	)		6.0			6.0			(1.1	)
Income tax expense (benefit)		7.6			(0.2	)		(4.9	)		0.4			—			2.9
Equity income		8.7			—			—			—			(8.7	)		—
Net (loss) income from continuing operations	$	(7.9	)	$	(0.8	)	$	1.8		$	5.6		$	(2.7	)	$	(4.0	)
Net income from discontinued operations, net of income taxes		5.3			—			5.0			3.2			(10.6	)		2.9
Net (loss) income		(2.6	)		(0.8	)		6.8			8.8			(13.3	)		(1.1	)
Less: Net income attributable to non-controlling interests		—			—			—			1.5			—			1.5
Net (loss) income attributable to Cott Corporation	$	(2.6	)	$	(0.8	)	$	6.8		$	7.3		$	(13.3	)	$	(2.6	)
Comprehensive (loss) income attributable to Cott Corporation	$	(7.8	)	$	(0.8	)	$	110.4		$	11.2		$	(120.8	)	$	(7.8	)

Condensed Consolidating Statements of Operations

(in millions of U.S. dollars)

Unaudited

	For the Nine Months Ended October 1, 2016
	Cott Corporation			DS Services of America, Inc.			DSS Guarantor Subsidiaries			DSS Non-Guarantor Subsidiaries			Elimination Entries			Consolidated
Revenue, net	$	—		$	764.3		$	267.8		$	69.9		$	—		$	1,102.0
Cost of sales		—			297.5			188.1			24.8			—			510.4
Gross profit		—			466.8			79.7			45.1			—			591.6
Selling, general and administrative expenses		12.6			422.3			71.7			41.1			—			547.7
Loss (gain) on disposal of property, plant & equipment, net		—			4.8			(0.2	)		—			—			4.6
Acquisition and integration expenses		—			0.6			18.5			1.4			—			20.5
Operating (loss) income		(12.6	)		39.1			(10.3	)		2.6			—			18.8
Other (income) expense, net		—			(1.6	)		0.5			1.1			—			—
Intercompany interest expense (income), net		—			32.4			0.4			(13.3	)		(19.5	)		—
Interest expense (income), net		7.4			22.0			—			(0.2	)		—			29.2
(Loss) income before income tax expense (benefit), equity income and discontinued operations		(20.0	)		(13.7	)		(11.2	)		15.0			19.5			(10.4	)
Income tax expense (benefit)		7.4			(4.8	)		(7.6	)		0.2			—			(4.8	)
Equity income		22.9			—			—			—			(22.9	)		—
Net (loss) income from continuing operations	$	(4.5	)	$	(8.9	)	$	(3.6	)	$	14.8		$	(3.4	)	$	(5.6	)
Net income from discontinued operations, net of income taxes		6.5			—			26.7			9.4			(30.6	)		12.0
Net income (loss)		2.0			(8.9	)		23.1			24.2			(34.0	)		6.4
Less: Net income attributable to non-controlling interests		—			—			—			4.4			—			4.4
Net income (loss) attributable to Cott Corporation	$	2.0		$	(8.9	)	$	23.1		$	19.8		$	(34.0	)	$	2.0
Comprehensive (loss) income attributable to Cott Corporation	$	(17.8	)	$	(8.9	)	$	211.2		$	23.8		$	(226.1	)	$	(17.8	)

Consolidating Balance Sheet

Consolidating Balance Sheets

(in millions of U.S. dollars)

Unaudited

	As of September 30, 2017
	Cott Corporation			DS Services of America, Inc.			DSS Guarantor Subsidiaries			DSS Non-Guarantor Subsidiaries			Elimination Entries			Consolidated
ASSETS
Current assets
Cash & cash equivalents	$	—		$	20.8		$	34.4		$	26.8		$	—		$	82.0
Accounts receivable, net of allowance		—			137.4			89.0			93.9			(8.7	)		311.6
Inventories		—			30.2			96.5			15.6			—			142.3
Prepaid expenses and other current assets		0.1			8.5			7.1			6.5			—			22.2
Current assets of discontinued operations		63.2			—			563.4			28.9			(229.0	)		426.5
Total current assets		63.3			196.9			790.4			171.7			(237.7	)		984.6
Property, plant & equipment, net		—			371.2			112.2			107.0			—			590.4
Goodwill		—			587.2			189.6			320.2			—			1,097.0
Intangible assets, net		—			353.1			203.6			207.2			—			763.9
Deferred tax assets		—			—			—			2.2			—			2.2
Other long-term assets, net		0.4			14.6			5.6			16.2			—			36.8
Due from affiliates		—			—			1.1			371.8			(372.9	)		—
Investments in subsidiaries		—			—			3.9			—			(3.9	)		—
Long-term assets of discontinued operations		1,425.1			—			1,546.1			6.9			(2,304.5	)		673.6
Total assets	$	1,488.8		$	1,523.0		$	2,852.5		$	1,203.2		$	(2,919.0	)	$	4,148.5
LIABILITIES AND EQUITY
Current liabilities
Current maturities of long-term debt	$	—		$	0.1		$	—		$	2.5		$	—		$	2.6
Accounts payable and accrued liabilities		8.6			275.6			187.1			136.8			(155.0	)		453.1
Current liabilities of discontinued operations		91.6			—			500.2			10.0			(82.7	)		519.1
Total current liabilities		100.2			275.7			687.3			149.3			(237.7	)		974.8
Long-term debt		521.3			271.2			738.8			2.7			—			1,534.0
Deferred tax liabilities		—			82.6			18.6			30.7			—			131.9
Other long-term liabilities		—			39.5			17.2			10.8			—			67.5
Due to affiliates		—			543.3			424.8			858.6			(1,826.7	)		—
Long-term liabilities of discontinued operations		1.9			—			655.4			28.1			(118.9	)		566.5
Total liabilities		623.4			1,212.3			2,542.1			1,080.2			(2,183.3	)		3,274.7
Equity
Common shares, no par		915.5			355.5			752.1			144.5			(1,252.1	)		915.5
Additional paid-in-capital		63.3			—			—			—						63.3
(Accumulated deficit) retained earnings		(20.7	)		(44.6	)		(534.8	)		(38.6	)		618.0			(20.7	)
Accumulated other comprehensive (loss) income		(92.7	)		(0.2	)		93.1			8.7			(101.6	)		(92.7	)
Total Cott Corporation equity		865.4			310.7			310.4			114.6			(735.7	)		865.4
Non-controlling interests		—			—			—			8.4			—			8.4
Total equity		865.4			310.7			310.4			123.0			(735.7	)		873.8
Total liabilities and equity	$	1,488.8		$	1,523.0		$	2,852.5		$	1,203.2		$	(2,919.0	)	$	4,148.5

Consolidating Balance Sheets

(in millions of U.S. dollars)

	As of December 31, 2016
	Cott Corporation			DS Services of America, Inc.			DSS Guarantor Subsidiaries			DSS Non-Guarantor Subsidiaries			Elimination Entries			Consolidated
ASSETS
Current assets
Cash & cash equivalents	$	—		$	22.7		$	23.6		$	31.8		$	—		$	78.1
Accounts receivable, net of allowance		—			121.7			82.6			84.0			(11.6	)		276.7
Inventories		—			29.2			79.9			15.5			—			124.6
Prepaid expenses and other current assets		1.7			7.1			10.0			4.2			(0.9	)		22.1
Current assets of discontinued operations		47.2			—			346.6			23.2			(65.3	)		351.7
Total current assets		48.9			180.7			542.7			158.7			(77.8	)		853.2
Property, plant & equipment, net		—			364.5			115.8			101.5			—			581.8
Goodwill		—			582.0			183.6			282.7			—			1,048.3
Intangible assets, net		—			356.8			204.4			197.8			—			759.0
Other long-term assets, net		0.5			14.6			6.6			2.3			—			24.0
Due from affiliates		—			—			—			329.6			(329.6	)		—
Investments in subsidiaries		—			—			—			—			—			—
Long-term assets of discontinued operations		1,353.7			—			1,548.9			4.2			(2,233.4	)		673.4
Total assets	$	1,403.1		$	1,498.6		$	2,602.0		$	1,076.8		$	(2,640.8	)	$	3,939.7
LIABILITIES AND EQUITY
Current liabilities
Current maturities of long-term debt	$	—		$	—		$	0.1		$	2.8		$	—		$	2.9
Accounts payable and accrued liabilities		4.2			135.1			124.9			124.8			(21.0	)		368.0
Current liabilities of discontinued operations		63.6			—			423.8			8.5			(56.7	)		439.2
Total current liabilities		67.8			135.1			548.8			136.1			(77.7	)		810.1
Long-term debt		464.4			384.2			—			2.8			—			851.4
Deferred tax liabilities		0.9			81.2			46.5			26.4			—			155.0
Other long-term liabilities		—			38.0			16.9			20.5			—			75.4
Due to affiliates		—			543.3			390.6			775.1			(1,709.0	)		—
Long-term liabilities of discontinued operations		1.5			—			1,255.8			24.6			(107.9	)		1,174.0
Total liabilities		534.6			1,181.8			2,258.6			985.5			(1,894.6	)		3,065.9
Equity
Common shares, no par		909.3			355.4			691.5			149.7			(1,196.6	)		909.3
Additional paid-in-capital		54.2			—			—			—			—			54.2
Retained earnings (accumulated deficit)		22.9			(38.4	)		(505.9	)		(72.8	)		617.1			22.9
Accumulated other comprehensive (loss) income		(117.9	)		(0.2	)		157.8			9.1			(166.7	)		(117.9	)
Total Cott Corporation equity		868.5			316.8			343.4			86.0			(746.2	)		868.5
Non-controlling interests		—			—			—			5.3			—			5.3
Total equity		868.5			316.8			343.4			91.3			(746.2	)		873.8
Total liabilities and equity	$	1,403.1		$	1,498.6		$	2,602.0		$	1,076.8		$	(2,640.8	)	$	3,939.7

Condensed Consolidating Statement of Cash Flows

Consolidating Statements of Condensed Cash Flows

(in millions of U.S. dollars)

Unaudited

	For the Three Months Ended September 30, 2017
	Cott Corporation			DS Services of America, Inc.			DSS Guarantor Subsidiaries			DSS Non-Guarantor Subsidiaries			Elimination Entries			Consolidated
Net cash (used in) provided by operating activities from continuing operations	$	(0.1	)	$	(88.0	)	$	17.4		$	14.7		$	102.2		$	46.2
Investing Activities
Acquisitions, net of cash received		—			(1.1	)		—			(2.3	)		—			(3.4	)
Additions to property, plant & equipment		—			(22.1	)		(7.9	)		(8.2	)		—			(38.2	)
Additions to intangible assets		—			(0.4	)		(2.7	)		(0.3	)		—			(3.4	)
Proceeds from sale of property, plant & equipment		—			0.2			0.9			2.0			—			3.1
Other investing activities		—			—			0.5			—			—			0.5
Net cash used in investing activities from continuing operations		—			(23.4	)		(9.2	)		(8.8	)		—			(41.4	)
Financing Activities
Payments of long-term debt		—			—			(0.2	)		(0.1	)		—			(0.3	)
Issuance of common shares		2.1			—			—			—			—			2.1
Common shares repurchased and cancelled		(0.1	)		—			—			—			—			(0.1	)
Dividends paid to common shareowners		(8.4	)		—			—			—			—			(8.4	)
Proceeds from intercompany loan from affiliate		—			109.5			—			—			(109.5	)		—
Net cash (used in) provided by financing activities from continuing operations		(6.4	)		109.5			(0.2	)		(0.1	)		(109.5	)		(6.7	)
Cash Flows from Discontinued Operations
Net cash provided by operating activities from discontinued operations		7.6			—			137.5			6.1			(103.8	)		47.4
Net cash used in investing activities from discontinued operations		(0.5	)		—			(121.8	)		(0.5	)		109.5			(13.3	)
Net cash used in financing activities from discontinued operations		—			—			(7.9	)		(2.9	)		1.6			(9.2	)
Net cash provided by discontinued operations		7.1			—			7.8			2.7			7.3			24.9
Effect of exchange rate changes on cash		0.1			—			1.1			0.8			—			2.0
Net increase (decrease) in cash & cash equivalents		0.7			(1.9	)		16.9			9.3			—			25.0
Cash & cash equivalents, beginning of period		5.1			22.7			67.3			28.1			—			123.2
Cash & cash equivalents, end of period		5.8			20.8			84.2			37.4			—			148.2
Cash & cash equivalents from discontinued operations, end of period		5.8			—			49.8			10.6			—			66.2
Cash & cash equivalents from continuing operations, end of period	$	—		$	20.8		$	34.4		$	26.8		$	—		$	82.0

Consolidating Statements of Condensed Cash Flows

(in millions of U.S. dollars)

Unaudited

	For the Nine Months Ended September 30, 2017
	Cott Corporation			DS Services of America, Inc.			DSS Guarantor Subsidiaries			DSS Non-Guarantor Subsidiaries			Elimination Entries			Consolidated
Net cash provided by operating activities from continuing operations	$	0.5		$	84.0		$	34.4		$	29.8		$	(10.0	)	$	138.7
Investing Activities
Acquisitions, net of cash received		—			(27.9	)		(2.1	)		(3.4	)		—			(33.4	)
Additions to property, plant & equipment		—			(59.8	)		(13.3	)		(24.0	)		—			(97.1	)
Additions to intangible assets		—			(2.4	)		(2.7	)		(0.9	)		—			(6.0	)
Proceeds from sale of property, plant & equipment		—			2.4			0.9			2.7			—			6.0
Intercompany loan to affiliate		—			—			(750.0	)		—			750.0			—
Other investing activities		—			—			0.9			—			—			0.9
Net cash used in investing activities from continuing operations		—			(87.7	)		(766.3	)		(25.6	)		750.0			(129.6	)
Financing Activities
Payments of long-term debt		—			(100.0	)		(0.2	)		(1.7	)		—			(101.9	)
Issuance of long-term debt		—			—			750.0			—			—			750.0
Premiums and costs paid upon extinguishment of long-term debt		—			(7.7	)		—			—			—			(7.7	)
Financing fees		—			—			(11.1	)		—			—			(11.1	)
Issuance of common shares		2.9			—			—			—			—			2.9
Common shares repurchased and cancelled		(1.9	)		—			—			—			—			(1.9	)
Dividends paid to common shareowners		(25.1	)		—			—			—			—			(25.1	)
Proceeds from intercompany loan from affiliate		—			109.5			—			—			(109.5	)		—
Other financing activities		—			—			—			0.5			—			0.5
Intercompany dividends		—			—			—			(10.9	)		10.9			—
Net cash (used in) provided by financing activities from continuing operations		(24.1	)		1.8			738.7			(12.1	)		(98.6	)		605.7
Cash Flows from Discontinued Operations
Net cash provided by operating activities from discontinued operations		27.0			—			21.8			11.6			(4.3	)		56.1
Net cash used in investing activities from discontinued operations		(1.9	)		—			(142.9	)		(1.4	)		109.5			(36.7	)
Net cash provided by (used in) financing activities from discontinued operations		—			—			142.4			(6.3	)		(746.6	)		(610.5	)
Net cash provided by (used in) discontinued operations		25.1			—			21.3			3.9			(641.4	)		(591.1	)
Effect of exchange rate changes on cash		(0.5	)		—			4.0			2.9			—			6.4
Net increase (decrease) in cash & cash equivalents		1.0			(1.9	)		32.1			(1.1	)		—			30.1
Cash & cash equivalents, beginning of period		4.8			22.7			52.1			38.5			—			118.1
Cash & cash equivalents, end of period		5.8			20.8			84.2			37.4			—			148.2
Cash & cash equivalents from discontinued operations, end of period		5.8			—			49.8			10.6			—			66.2
Cash & cash equivalents from continuing operations, end of period	$	—		$	20.8		$	34.4		$	26.8		$	—		$	82.0

Consolidating Statements of Condensed Cash Flows

(in millions of U.S. dollars)

Unaudited

	For the Three Months Ended October 1, 2016
	Cott Corporation			DS Services of America, Inc.			DSS Guarantor Subsidiaries			DSS Non-Guarantor Subsidiaries			Elimination Entries			Consolidated
Net cash (used in) provided by operating activities from continuing operations	$	(0.3	)	$	35.6		$	17.8		$	52.5		$	(54.5	)	$	51.1
Investing Activities
Acquisitions, net of cash received		(911.3	)		(1.2	)		—			—			—			(912.5	)
Additions to property, plant & equipment		—			(24.2	)		(4.1	)		(4.1	)		—			(32.4	)
Additions to intangible assets		—			(1.2	)		—			—			—			(1.2	)
Proceeds from sale of property, plant & equipment		—			—			0.9			0.4			—			1.3
Net cash used in investing activities from continuing operations		(911.3	)		(26.6	)		(3.2	)		(3.7	)		—			(944.8	)
Financing Activities
Payments of long-term debt		—			—			(0.2	)		(0.6	)		—			(0.8	)
Financing fees		(9.6	)		—			—			—			—			(9.6	)
Issuance of common shares		2.4			—			—			—			—			2.4
Common shares repurchased and cancelled		(3.4	)		—			—			—			—			(3.4	)
Dividends paid to common shareowners		(8.4	)		—			—			—			—			(8.4	)
Payment of deferred consideration for acquisitions		—			—			(10.8	)		—			—			(10.8	)
Intercompany dividends		—			—			—			(13.9	)		13.9			—
Net cash used in financing activities from continuing operations		(19.0	)		—			(11.0	)		(14.5	)		13.9			(30.6	)
Cash Flows from Discontinued Operations
Net cash provided by (used in) operating activities from discontinued operations		252.2			—			(250.4	)		5.3			37.8			44.9
Net cash provided by (used in) investing activities from discontinued operations		0.4			—			(8.5	)		(0.1	)		—			(8.2	)
Net cash (used in) provided by financing activities from discontinued operations		(2.3	)		—			262.9			(5.5	)		2.8			257.9
Net cash provided by (used in) discontinued operations		250.3			—			4.0			(0.3	)		40.6			294.6
Effect of exchange rate changes on cash		(4.1	)		—			(0.5	)		0.6			—			(4.0	)
Net (decrease) increase in cash, cash equivalents and restricted cash		(684.4	)		9.0			7.1			34.6			—			(633.7	)
Cash, cash equivalents and restricted cash, beginning of period		685.7			26.4			33.2			7.3			—			752.6
Cash & cash equivalents, end of period		1.3			35.4			40.3			41.9			—			118.9
Cash & cash equivalents from discontinued operations, end of period		1.3			—			19.2			7.0			—			27.5
Cash & cash equivalents from continuing operations, end of period	$	—		$	35.4		$	21.1		$	34.9		$	—		$	91.4

Consolidating Statements of Condensed Cash Flows

(in millions of U.S. dollars)

Unaudited

	For the Nine Months Ended October 1, 2016
	Cott Corporation			DS Services of America, Inc.			DSS Guarantor Subsidiaries			DSS Non-Guarantor Subsidiaries			Elimination Entries			Consolidated
Net cash provided by operating activities from continuing operations	$	1.4		$	87.4		$	34.2		$	52.6		$	(103.7	)	$	71.9
Investing Activities
Acquisitions, net of cash received		(954.0	)		(4.7	)		—			—			—			(958.7	)
Additions to property, plant & equipment		—			(58.0	)		(7.2	)		(4.1	)		—			(69.3	)
Additions to intangible assets		—			(2.3	)		—			—			—			(2.3	)
Proceeds from sale of property, plant & equipment		—			0.2			0.9			0.4			—			1.5
Net cash used in investing activities from continuing operations		(954.0	)		(64.8	)		(6.3	)		(3.7	)		—			(1,028.8	)
Financing Activities
Payments of long-term debt		—			—			(0.3	)		(0.6	)		—			(0.9	)
Issuance of long-term debt		498.7			—			—			—			—			498.7
Financing fees		(9.6	)		—			—			—			—			(9.6	)
Issuance of common shares		366.6			—			—			—			—			366.6
Common shares repurchased and cancelled		(4.5	)		—			—			—			—			(4.5	)
Dividends paid to common shareowners		(23.1	)		—			—			—			—			(23.1	)
Payment of deferred consideration for acquisitions		—			—			(10.8	)		—			—			(10.8	)
Intercompany dividends		—			—			(12.2	)		(13.9	)		26.1			—
Net cash provided by (used in) financing activities from continuing operations		828.1			—			(23.3	)		(14.5	)		26.1			816.4
Cash Flows from Discontinued Operations
Net cash provided by (used in) operating activities from discontinued operations		112.2			—			(98.4	)		15.1			58.6			87.5
Net cash used in investing activities from discontinued operations		(0.6	)		—			(28.0	)		(0.7	)		—			(29.3	)
Net cash (used in) provided by financing activities from discontinued operations		(5.2	)		—			127.0			(12.5	)		19.0			128.3
Net cash provided by discontinued operations		106.4			—			0.6			1.9			77.6			186.5
Effect of exchange rate changes on cash		(1.4	)		—			(3.3	)		0.5			—			(4.2	)
Net (decrease) increase in cash & cash equivalents		(19.5	)		22.6			1.9			36.8			—			41.8
Cash & cash equivalents, beginning of period		20.8			12.8			38.4			5.1			—			77.1
Cash & cash equivalents, end of period		1.3			35.4			40.3			41.9			—			118.9
Cash & cash equivalents from discontinued operations, end of period		1.3			—			19.2			7.0			—			27.5
Cash & cash equivalents from continuing operations, end of period	$	—		$	35.4		$	21.1		$	34.9		$	—		$	91.4

Cott Beverages Inc. [Member]

Condensed Consolidating Statement of Operations

Condensed Consolidating Statements of Operations

(in millions of U.S. dollars)

Unaudited

	For the Three Months Ended September 30, 2017
	Cott Corporation			Cott Beverages Inc.			Cott Guarantor Subsidiaries			Cott Non-Guarantor Subsidiaries			Elimination Entries			Consolidated
Revenue, net	$	—		$	15.8		$	454.8		$	110.3		$	—		$	580.9
Cost of sales		—			13.2			238.1			36.8			—			288.1
Gross profit		—			2.6			216.7			73.5			—			292.8
Selling, general and administrative expenses		1.2			10.4			190.3			60.9			—			262.8
Gain on disposal of property, plant & equipment, net		—			—			(0.3	)		(0.1	)		—			(0.4	)
Acquisition and integration expenses		—			2.5			2.2			(1.5	)		—			3.2
Operating (loss) income		(1.2	)		(10.3	)		24.5			14.2			—			27.2
Other expense (income), net		—			0.1			1.5			(0.1	)		—			1.5
Intercompany interest expense (income), net		—			—			20.8			(12.8	)		(8.0	)		—
Interest expense, net		7.5			—			15.7			—			—			23.2
(Loss) income before income tax expense (benefit), equity income and discontinued operations		(8.7	)		(10.4	)		(13.5	)		27.1			8.0			2.5
Income tax expense (benefit)		—			0.2			0.7			—			—			0.9
Equity income		43.4			—			0.1			—			(43.5	)		—
Net income (loss) from continuing operations	$	34.7		$	(10.6	)	$	(14.1	)	$	27.1		$	(35.5	)	$	1.6
Net income (loss) from discontinued operations, net of income taxes		7.8			33.5			(0.7	)		3.3			(0.9	)		43.0
Net income (loss)		42.5			22.9			(14.8	)		30.4			(36.4	)		44.6
Less: Net income attributable to non-controlling interests		—			—			—			2.1			—			2.1
Net income (loss) attributable to Cott Corporation	$	42.5		$	22.9		$	(14.8	)	$	28.3		$	(36.4	)	$	42.5
Comprehensive income (loss) attributable to Cott Corporation	$	46.7		$	22.5		$	(36.5	)	$	23.0		$	(9.0	)	$	46.7

Condensed Consolidating Statements of Operations

(in millions of U.S. dollars)

Unaudited

	For the Nine Months Ended September 30, 2017
	Cott Corporation			Cott Beverages Inc.			Cott Guarantor Subsidiaries			Cott Non-Guarantor Subsidiaries			Elimination Entries			Consolidated
Revenue, net	$	—		$	52.1		$	1,341.8		$	304.5		$	—		$	1,698.4
Cost of sales		—			43.8			705.9			100.0			—			849.7
Gross profit		—			8.3			635.9			204.5			—			848.7
Selling, general and administrative expenses		4.1			30.8			564.2			178.7			—			777.8
Loss on disposal of property, plant & equipment, net		—			—			4.8			—			—			4.8
Acquisition and integration expenses		—			5.9			6.9			4.4			—			17.2
Operating (loss) income		(4.1	)		(28.4	)		60.0			21.4			—			48.9
Other expense (income), net		—			0.1			(0.6	)		(0.6	)		—			(1.1	)
Intercompany interest expense (income), net		—			—			10.9			(7.6	)		(3.3	)		—
Interest expense, net		21.6			—			40.5			—			—			62.1
(Loss) income before income tax expense (benefit), equity income and discontinued operations		(25.7	)		(28.5	)		9.2			29.6			3.3			(12.1	)
Income tax expense (benefit)		—			0.3			(4.4	)		5.1			—			1.0
Equity income		0.6			—			0.1			—			(0.7	)		—
Net (loss) income from continuing operations	$	(25.1	)	$	(28.8	)	$	13.7		$	24.5		$	2.6		$	(13.1	)
Net income (loss) from discontinued operations, net of income taxes		6.6			(7.3	)		(0.1	)		10.8			(9.0	)		1.0
Net (loss) income		(18.5	)		(36.1	)		13.6			35.3			(6.4	)		(12.1	)
Less: Net income attributable to non-controlling interests		—			—			—			6.4			—			6.4
Net (loss) income attributable to Cott Corporation	$	(18.5	)	$	(36.1	)	$	13.6		$	28.9		$	(6.4	)	$	(18.5	)
Comprehensive income (loss) attributable to Cott Corporation	$	6.7		$	(34.3	)	$	(44.1	)	$	28.5		$	49.9		$	6.7

Condensed Consolidating Statements of Operations

(in millions of U.S. dollars)

Unaudited

	For the Three Months Ended October 1, 2016
	Cott Corporation			Cott Beverages Inc.			Cott Guarantor Subsidiaries			Cott Non-Guarantor Subsidiaries			Elimination Entries			Consolidated
Revenue, net	$	—		$	15.4		$	391.4		$	69.9		$	—		$	476.7
Cost of sales		—			13.0			191.2			24.8			—			229.0
Gross profit		—			2.4			200.2			45.1			—			247.7
Selling, general and administrative expenses		1.6			4.5			178.1			41.1			—			225.3
Loss on disposal of property, plant & equipment, net		—			—			1.4			—			—			1.4
Acquisition and integration expenses		—			3.2			2.8			1.4			—			7.4
Operating (loss) income		(1.6	)		(5.3	)		17.9			2.6			—			13.6
Other (income) expense, net		—			—			(0.8	)		1.0			—			0.2
Intercompany interest expense (income), net		—			—			55.4			(22.4	)		(33.0	)		—
Interest expense (income), net		7.4			—			7.3			(0.2	)		—			14.5
(Loss) income before income tax expense (benefit), equity income and discontinued operations		(9.0	)		(5.3	)		(44.0	)		24.2			33.0			(1.1	)
Income tax expense (benefit)		7.6			(1.9	)		(3.2	)		0.4			—			2.9
Equity income		8.7			—			—			—			(8.7	)		—
Net (loss) income from continuing operations	$	(7.9	)	$	(3.4	)	$	(40.8	)	$	23.8		$	24.3		$	(4.0	)
Net income (loss) from discontinued operations, net of income taxes		5.3			7.7			(2.8	)		3.2			(10.5	)		2.9
Net (loss) income		(2.6	)		4.3			(43.6	)		27.0			13.8			(1.1	)
Less: Net income attributable to non-controlling interests		—			—			—			1.5			—			1.5
Net (loss) income attributable to Cott Corporation	$	(2.6	)	$	4.3		$	(43.6	)	$	25.5		$	13.8		$	(2.6	)
Comprehensive (loss) income attributable to Cott Corporation	$	(7.8	)	$	3.7		$	60.6		$	29.4		$	(93.7	)	$	(7.8	)

Condensed Consolidating Statements of Operations

(in millions of U.S. dollars)

Unaudited

	For the Nine Months Ended October 1, 2016
	Cott Corporation			Cott Beverages Inc.			Cott Guarantor Subsidiaries			Cott Non-Guarantor Subsidiaries			Elimination Entries			Consolidated
Revenue, net	$	—		$	52.2		$	979.9		$	69.9		$	—		$	1,102.0
Cost of sales		—			42.5			443.1			24.8			—			510.4
Gross profit		—			9.7			536.8			45.1			—			591.6
Selling, general and administrative expenses		12.6			13.8			480.2			41.1			—			547.7
Loss on disposal of property, plant & equipment, net		—			—			4.6			—			—			4.6
Acquisition and integration expenses		—			14.2			4.9			1.4			—			20.5
Operating (loss) income		(12.6	)		(18.3	)		47.1			2.6			—			18.8
Other (income) expense, net		—			—			(1.0	)		1.0			—			—
Intercompany interest expense (income), net		—			—			32.8			(13.3	)		(19.5	)		—
Interest expense (income), net		7.4			—			22.0			(0.2	)		—			29.2
(Loss) income before income tax expense (benefit), equity income and discontinued operations		(20.0	)		(18.3	)		(6.7	)		15.1			19.5			(10.4	)
Income tax expense (benefit)		7.4			(4.0	)		(8.4	)		0.2			—			(4.8	)
Equity income		22.9			—			—			—			(22.9	)		—
Net (loss) income from continuing operations	$	(4.5	)	$	(14.3	)	$	1.7		$	14.9		$	(3.4	)	$	(5.6	)
Net income from discontinued operations, net of income taxes		6.5			16.2			12.0			9.4			(32.1	)		12.0
Net income (loss)		2.0			1.9			13.7			24.3			(35.5	)		6.4
Less: Net income attributable to non-controlling interests		—			—			—			4.4			—			4.4
Net income (loss) attributable to Cott Corporation	$	2.0		$	1.9		$	13.7		$	19.9		$	(35.5	)	$	2.0
Comprehensive (loss) income attributable to Cott Corporation	$	(17.8	)	$	—		$	203.7		$	23.9		$	(227.6	)	$	(17.8	)

Consolidating Balance Sheet

Consolidating Balance Sheets

(in millions of U.S. dollars)

Unaudited

	As of September 30, 2017
	Cott Corporation			Cott Beverages Inc.			Cott Guarantor Subsidiaries		Cott Non-Guarantor Subsidiaries			Elimination Entries			Consolidated
ASSETS
Current assets
Cash & cash equivalents	$	—		$	—		$	55.2	$	26.8		$	—		$	82.0
Accounts receivable, net of allowance		—			8.1			216.5		93.9			(6.9	)		311.6
Inventories		—			15.5			111.2		15.6			—			142.3
Prepaid expenses and other current assets		0.1			0.4			15.2		6.5			—			22.2
Current assets of discontinued operations		63.2			324.4			415.2		28.9			(405.2	)		426.5
Total current assets		63.3			348.4			813.3		171.7			(412.1	)		984.6
Property, plant & equipment, net		—			3.7			479.7		107.0			—			590.4
Goodwill		—			4.5			772.3		320.2			—			1,097.0
Intangible assets, net		—			24.5			532.2		207.2			—			763.9
Deferred tax assets		—			—			—		2.2			—			2.2
Other long-term assets, net		0.4			1.1			19.1		16.2			—			36.8
Due from affiliates		—			—			893.2		371.8			(1,265.0	)		—
Investments in subsidiaries		—			—			1,038.7		—			(1,038.7	)		—
Long-term assets of discontinued operations		1,425.1			1,847.4			414.1		6.9			(3,019.9	)		673.6
Total assets	$	1,488.8		$	2,229.6		$	4,962.6	$	1,203.2		$	(5,735.7	)	$	4,148.5
LIABILITIES AND EQUITY
Current liabilities
Current maturities of long-term debt	$	—		$	—		$	0.1	$	2.5		$	—		$	2.6
Accounts payable and accrued liabilities		8.6			27.8			385.1		136.8			(105.2	)		453.1
Current liabilities of discontinued operations		91.6			580.3			144.1		10.0			(306.9	)		519.1
Total current liabilities		100.2			608.1			529.3		149.3			(412.1	)		974.8
Long-term debt		521.3			—			1,010.0		2.7			—			1,534.0
Deferred tax liabilities		—			11.5			89.7		30.7			—			131.9
Other long-term liabilities		—			10.9			45.8		10.8			—			67.5
Due to affiliates		—			—			1,208.3		858.6			(2,066.9	)		—
Long-term liabilities of discontinued operations		1.9			1,427.6			119.9		28.1			(1,011.0	)		566.5
Total liabilities		623.4			2,058.1			3,003.0		1,080.2			(3,490.0	)		3,274.7
Equity
Common shares, no par		915.5			1,034.7			1,574.1		144.5			(2,753.3	)		915.5
Additional paid-in-capital		63.3			—			—		—			—			63.3
(Accumulated deficit) retained earnings		(20.7	)		(844.9	)		265.5		(38.6	)		618.0			(20.7	)
Accumulated other comprehensive (loss) income		(92.7	)		(18.3	)		120.0		8.7			(110.4	)		(92.7	)
Total Cott Corporation equity		865.4			171.5			1,959.6		114.6			(2,245.7	)		865.4
Non-controlling interests		—			—			—		8.4			—			8.4
Total equity		865.4			171.5			1,959.6		123.0			(2,245.7	)		873.8
Total liabilities and equity	$	1,488.8		$	2,229.6		$	4,962.6	$	1,203.2		$	(5,735.7	)	$	4,148.5

Consolidating Balance Sheets

(in millions of U.S. dollars)

	As of December 31, 2016
	Cott Corporation			Cott Beverages Inc.			Cott Guarantor Subsidiaries		Cott Non-Guarantor Subsidiaries			Elimination Entries			Consolidated
ASSETS
Current assets
Cash & cash equivalents	$	—		$	—		$	46.3	$	31.8		$	—		$	78.1
Accounts receivable, net of allowance		—			8.6			198.0		84.0			(13.9	)		276.7
Inventories		—			13.2			95.9		15.5			—			124.6
Prepaid expenses and other current assets		1.7			0.8			15.4		4.2			—			22.1
Current assets of discontinued operations		47.2			126.9			360.5		23.2			(206.1	)		351.7
Total current assets		48.9			149.5			716.1		158.7			(220.0	)		853.2
Property, plant & equipment, net		—			4.0			476.3		101.5			—			581.8
Goodwill		—			4.5			761.1		282.7			—			1,048.3
Intangible assets, net		—			24.5			536.7		197.8			—			759.0
Deferred tax assets		—			6.0			—		—			(6.0	)		—
Other long-term assets, net		0.5			1.3			19.9		2.3			—			24.0
Due from affiliates		—			—			143.1		329.6			(472.7	)		—
Investments in subsidiaries		—			—			975.0		—			(975.0	)		—
Long-term assets of discontinued operations		1,353.7			1,635.4			411.3		4.2			(2,731.2	)		673.4
Total assets	$	1,403.1		$	1,825.2		$	4,039.5	$	1,076.8		$	(4,404.9	)	$	3,939.7
LIABILITIES AND EQUITY
Current liabilities
Current maturities of long-term debt	$	—		$	—		$	0.1	$	2.8		$	—		$	2.9
Accounts payable and accrued liabilities		4.2			30.5			229.7		124.8			(21.2	)		368.0
Current liabilities of discontinued operations		63.6			437.7			128.2		8.5			(198.8	)		439.2
Total current liabilities		67.8			468.2			358.0		136.1			(220.0	)		810.1
Long-term debt		464.4			—			384.2		2.8			—			851.4
Deferred tax liabilities		0.9			—			133.7		26.4			(6.0	)		155.0
Other long-term liabilities		—			11.3			43.6		20.5			—			75.4
Due to affiliates		—			—			970.8		775.1			(1,745.9	)		—
Long-term liabilities of discontinued operations		1.5			1,290.7			107.4		24.6			(250.2	)		1,174.0
Total liabilities		534.6			1,770.2			1,997.7		985.5			(2,222.1	)		3,065.9
Equity
Common shares, no par		909.3			834.8			1,648.7		149.7			(2,633.2	)		909.3
Additional paid-in-capital		54.2			—			—		—			—			54.2
Retained earnings
(accumulated deficit)		22.9			(759.7	)		215.4		(72.8	)		617.1			22.9
Accumulated other comprehensive
(loss) income		(117.9	)		(20.1	)		177.7		9.1			(166.7	)		(117.9	)
Total Cott Corporation equity		868.5			55.0			2,041.8		86.0			(2,182.8	)		868.5
Non-controlling interests		—			—			—		5.3			—			5.3
Total equity		868.5			55.0			2,041.8		91.3			(2,182.8	)		873.8
Total liabilities and equity	$	1,403.1		$	1,825.2		$	4,039.5	$	1,076.8		$	(4,404.9	)	$	3,939.7

Condensed Consolidating Statement of Cash Flows

Consolidating Statements of Condensed Cash Flows

(in millions of U.S. dollars)

Unaudited

	For the Three Months Ended September 30, 2017
	Cott Corporation			Cott Beverages Inc.			Cott Guarantor Subsidiaries			Cott Non-Guarantor Subsidiaries			Elimination Entries			Consolidated
Net cash (used in) provided by operating activities from continuing operations	$	(0.1	)	$	—		$	(70.6	)	$	14.7		$	102.2		$	46.2
Investing Activities
Acquisitions, net of cash received		—			—			(1.1	)		(2.3	)		—			(3.4	)
Additions to property, plant & equipment		—			—			(30.0	)		(8.2	)		—			(38.2	)
Additions to intangible assets		—			—			(3.1	)		(0.3	)		—			(3.4	)
Proceeds from sale of property, plant & equipment		—			—			1.1			2.0			—			3.1
Other investing activities		—			—			0.5			—			—			0.5
Net cash used in investing activities from continuing operations		—			—			(32.6	)		(8.8	)		—			(41.4	)
Financing Activities
Payments of long-term debt		—			—			(0.2	)		(0.1	)		—			(0.3	)
Issuance of common shares		2.1			—			—			—			—			2.1
Common shares repurchased and cancelled		(0.1	)		—			—			—			—			(0.1	)
Dividends paid to common shareowners		(8.4	)		—			—			—			—			(8.4	)
Proceeds from intercompany loan from affiliate		—			—			109.5			—			(109.5	)		—
Net cash (used in) provided by financing activities from continuing operations		(6.4	)		—			109.3			(0.1	)		(109.5	)		(6.7	)
Cash Flows from Discontinued Operations
Net cash provided by operating activities from discontinued operations		7.6			132.8			4.7			6.1			(103.8	)		47.4
Net cash used in investing activities from discontinued operations		(0.5	)		(117.7	)		(4.1	)		(0.5	)		109.5			(13.3	)
Net cash used in financing activities from discontinued operations		—			(7.8	)		(0.1	)		(2.9	)		1.6			(9.2	)
Net cash provided by discontinued operations		7.1			7.3			0.5			2.7			7.3			24.9
Effect of exchange rate changes on cash		0.1			—			1.1			0.8			—			2.0
Net increase in cash & cash equivalents		0.7			7.3			7.7			9.3			—			25.0
Cash & cash equivalents, beginning of period		5.1			16.1			73.9			28.1			—			123.2
Cash & cash equivalents, end of period		5.8			23.4			81.6			37.4			—			148.2
Cash & cash equivalents from discontinued operations, end of period		5.8			23.4			26.4			10.6			—			66.2
Cash & cash equivalents from continuing operations, end of period	$	—		$	—		$	55.2		$	26.8		$	—		$	82.0

Consolidating Statements of Condensed Cash Flows

(in millions of U.S. dollars)

Unaudited

	For the Nine Months Ended September 30, 2017
	Cott Corporation			Cott Beverages Inc.			Cott Guarantor Subsidiaries			Cott Non-Guarantor Subsidiaries			Elimination Entries			Consolidated
Net cash provided by operating activities from continuing operations	$	0.5		$	—		$	118.4		$	29.8		$	(10.0	)	$	138.7
Investing Activities
Acquisitions, net of cash received		—			—			(30.0	)		(3.4	)		—			(33.4	)
Additions to property, plant & equipment		—			—			(73.1	)		(24.0	)		—			(97.1	)
Additions to intangible assets		—			—			(5.1	)		(0.9	)		—			(6.0	)
Proceeds from sale of property, plant & equipment		—			—			3.3			2.7			—			6.0
Intercompany loan to affiliate		—			—			(750.0	)		—			750.0			—
Other investing activities		—			—			0.9			—			—			0.9
Net cash used in investing activities from continuing operations		—			—			(854.0	)		(25.6	)		750.0			(129.6	)
Financing Activities
Payments of long-term debt		—			—			(100.2	)		(1.7	)		—			(101.9	)
Issuance of long-term debt		—			—			750.0			—			—			750.0
Premiums and costs paid upon extinguishment of long-term debt		—			—			(7.7	)		—			—			(7.7	)
Financing fees		—			—			(11.1	)		—			—			(11.1	)
Issuance of common shares		2.9			—			—			—			—			2.9
Common shares repurchased and cancelled		(1.9	)		—			—			—			—			(1.9	)
Dividends paid to common shareowners		(25.1	)		—			—			—			—			(25.1	)
Proceeds from intercompany loan from affiliate		—			—			109.5			—			(109.5	)		—
Other financing activities		—			—			—			0.5			—			0.5
Intercompany dividends		—			—			—			(10.9	)		10.9			—
Net cash (used in) provided by financing activities from continuing operations		(24.1	)		—			740.5			(12.1	)		(98.6	)		605.7
Cash Flows from Discontinued Operations
Net cash provided by operating activities from discontinued operations		27.0			15.7			6.1			11.6			(4.3	)		56.1
Net cash used in investing activities from discontinued operations		(1.9	)		(138.0	)		(4.9	)		(1.4	)		109.5			(36.7	)
Net cash provided by (used in) financing activities from discontinued operations		—			142.6			(0.2	)		(6.3	)		(746.6	)		(610.5	)
Net cash provided by (used in) discontinued operations		25.1			20.3			1.0			3.9			(641.4	)		(591.1	)
Effect of exchange rate changes on cash		(0.5	)		—			4.0			2.9			—			6.4
Net increase (decrease) in cash & cash equivalents		1.0			20.3			9.9			(1.1	)		—			30.1
Cash & cash equivalents, beginning of period		4.8			3.1			71.7			38.5			—			118.1
Cash & cash equivalents, end of period		5.8			23.4			81.6			37.4			—			148.2
Cash & cash equivalents from discontinued operations, end of period		5.8			23.4			26.4			10.6			—			66.2
Cash & cash equivalents from continuing operations, end of period	$	—		$	—		$	55.2		$	26.8		$	—		$	82.0

Consolidating Statements of Condensed Cash Flows

(in millions of U.S. dollars)

Unaudited

	For the Three Months Ended October 1, 2016
	Cott Corporation			Cott Beverages Inc.			Cott Guarantor Subsidiaries			Cott Non-Guarantor Subsidiaries			Elimination Entries			Consolidated
Net cash (used in) provided by operating activities from continuing operations	$	(0.3	)	$	0.4		$	53.0		$	52.5		$	(54.5	)	$	51.1
Investing Activities
Acquisitions, net of cash received		(911.3	)		—			(1.2	)		—			—			(912.5	)
Additions to property, plant & equipment		—			(0.4	)		(27.9	)		(4.1	)		—			(32.4	)
Additions to intangible assets		—			—			(1.2	)		—			—			(1.2	)
Proceeds from sale of property, plant & equipment		—			—			0.9			0.4			—			1.3
Net cash used in investing activities from continuing operations		(911.3	)		(0.4	)		(29.4	)		(3.7	)		—			(944.8	)
Financing Activities
Payments of long-term debt		—			—			(0.2	)		(0.6	)		—			(0.8	)
Financing fees		(9.6	)		—						—			—			(9.6	)
Issuance of common shares		2.4			—			—			—			—			2.4
Common shares repurchased and cancelled		(3.4	)		—			—			—			—			(3.4	)
Dividends paid to common shareowners		(8.4	)		—			—			—			—			(8.4	)
Payment of deferred consideration for acquisitions		—			—			(10.8	)		—			—			(10.8	)
Intercompany dividends		—			—			—			(13.9	)		13.9			—
Net cash used in financing activities from continuing operations		(19.0	)		—			(11.0	)		(14.5	)		13.9			(30.6	)
Cash Flows from Discontinued Operations
Net cash provided by (used in) operating activities from discontinued operations		252.2			(258.1	)		7.7			5.3			37.8			44.9
Net cash provided by (used in) investing activities from discontinued operations		0.4			(5.0	)		(3.5	)		(0.1	)		—			(8.2	)
Net cash (used in) provided by financing activities from discontinued operations		(2.3	)		262.9			—			(5.5	)		2.8			257.9
Net cash provided by (used in) discontinued operations		250.3			(0.2	)		4.2			(0.3	)		40.6			294.6
Effect of exchange rate changes on cash		(4.1	)		—			(0.5	)		0.6			—			(4.0	)
Net (decrease) increase in cash, cash equivalents and restricted cash		(684.4	)		(0.2	)		16.3			34.6			—			(633.7	)
Cash, cash equivalents and restricted cash, beginning of period		685.7			2.4			57.2			7.3			—			752.6
Cash & cash equivalents, end of period		1.3			2.2			73.5			41.9			—			118.9
Cash & cash equivalents from discontinued operations, end of period		1.3			2.2			17.0			7.0			—			27.5
Cash & cash equivalents from continuing operations, end of period	$	—		$	—		$	56.5		$	34.9		$	—		$	91.4

Consolidating Statements of Condensed Cash Flows

(in millions of U.S. dollars)

Unaudited

	For the Nine Months Ended October 1, 2016
							Cott			Cott
	Cott			Cott			Guarantor			Non-Guarantor			Elimination
	Corporation			Beverages Inc.			Subsidiaries			Subsidiaries			Entries			Consolidated
Net cash provided by operating activities from continuing operations	$	1.4		$	0.4		$	121.2		$	52.6		$	(103.7	)	$	71.9
Investing Activities
Acquisitions, net of cash received		(954.0	)		—			(4.7	)		—			—			(958.7	)
Additions to property, plant & equipment		—			(0.4	)		(64.8	)		(4.1	)		—			(69.3	)
Additions to intangible assets		—			—			(2.3	)		—			—			(2.3	)
Proceeds from sale of property, plant & equipment		—			—			1.1			0.4			—			1.5
Net cash used in investing activities from continuing operations		(954.0	)		(0.4	)		(70.7	)		(3.7	)		—			(1,028.8	)
Financing Activities
Payments of long-term debt		—			—			(0.3	)		(0.6	)		—			(0.9	)
Issuance of long-term debt		498.7			—			—			—			—			498.7
Financing fees		(9.6	)		—			—			—			—			(9.6	)
Issuance of common shares		366.6			—			—			—			—			366.6
Common shares repurchased and cancelled		(4.5	)		—			—			—			—			(4.5	)
Dividends paid to common shareowners		(23.1	)		—			—			—			—			(23.1	)
Payment of deferred consideration for acquisitions		—			—			(10.8	)		—			—			(10.8	)
Intercompany dividends		—			—			(12.2	)		(13.9	)		26.1			—
Net cash provided by (used in) financing activities from continuing operations		828.1			—			(23.3	)		(14.5	)		26.1			816.4
Cash Flows from Discontinued Operations
Net cash provided by (used in) operating activities from discontinued operations		112.2			(112.3	)		13.9			15.1			58.6			87.5
Net cash used in investing activities from discontinued operations		(0.6	)		(18.0	)		(10.0	)		(0.7	)		—			(29.3	)
Net cash (used in) provided by financing activities from discontinued operations		(5.2	)		131.5			(4.5	)		(12.5	)		19.0			128.3
Net cash provided by (used in) discontinued operations		106.4			1.2			(0.6	)		1.9			77.6			186.5
Effect of exchange rate changes on cash		(1.4	)		—			(3.3	)		0.5			—			(4.2	)
Net (decrease) increase in cash, cash equivalents and restricted cash		(19.5	)		1.2			23.3			36.8			—			41.8
Cash, cash equivalents and restricted cash, beginning of period		20.8			1.0			50.2			5.1			—			77.1
Cash & cash equivalents, end of period		1.3			2.2			73.5			41.9			—			118.9
Cash & cash equivalents from discontinued operations, end of period		1.3			2.2			17.0			7.0			—			27.5
Cash & cash equivalents from continuing operations, end of period	$	—		$	—		$	56.5		$	34.9		$	—		$	91.4