XML 49 R6.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Cash Flows from Operating Activities    
Net loss $ (146.4)us-gaap_ProfitLoss $ (167.2)us-gaap_ProfitLoss
Adjustments to reconcile net loss to net cash used by operating activities:    
Depreciation 31.8us-gaap_Depreciation 35.4us-gaap_Depreciation
Amortization 9.5us-gaap_AdjustmentForAmortization 11.6us-gaap_AdjustmentForAmortization
Provision for doubtful accounts 38.7us-gaap_ProvisionForDoubtfulAccounts 50.8us-gaap_ProvisionForDoubtfulAccounts
Provision for obsolescence 15.7us-gaap_InventoryWriteDown 26.4us-gaap_InventoryWriteDown
Share-based compensation (0.1)us-gaap_ShareBasedCompensation 11.5us-gaap_ShareBasedCompensation
Foreign exchange losses 6.4us-gaap_ForeignCurrencyTransactionGainLossUnrealized 8.3us-gaap_ForeignCurrencyTransactionGainLossUnrealized
Deferred income taxes 28.4us-gaap_DeferredIncomeTaxExpenseBenefit (10.4)us-gaap_DeferredIncomeTaxExpenseBenefit
Charge for Venezuelan monetary assets and liabilities (4.2)avp_ChargesForVenezuelanMonetaryAssetsAndLiabilities 53.7avp_ChargesForVenezuelanMonetaryAssetsAndLiabilities
Charge for Venezuelan non-monetary assets 101.7avp_ChargeforVenezuelannonmonetaryassets 115.7avp_ChargeforVenezuelannonmonetaryassets
Other 9.0us-gaap_OtherNoncashIncomeExpense 7.8us-gaap_OtherNoncashIncomeExpense
Changes in assets and liabilities:    
Accounts receivable (27.6)us-gaap_IncreaseDecreaseInAccountsReceivable (41.7)us-gaap_IncreaseDecreaseInAccountsReceivable
Inventories (73.1)us-gaap_IncreaseDecreaseInInventories (97.8)us-gaap_IncreaseDecreaseInInventories
Prepaid expenses and other (6.7)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets (23.2)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Accounts payable and accrued liabilities (149.1)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities (29.1)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Income and other taxes (14.1)us-gaap_IncreaseDecreaseInAccruedTaxesPayable (21.5)us-gaap_IncreaseDecreaseInAccruedTaxesPayable
Noncurrent assets and liabilities (18.0)us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet (42.9)us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet
Net cash used by operating activities (198.1)us-gaap_NetCashProvidedByUsedInOperatingActivities (112.6)us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash Flows from Investing Activities    
Capital expenditures (22.4)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (29.6)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Disposal of assets 2.4us-gaap_ProceedsFromSaleOfProductiveAssets 2.6us-gaap_ProceedsFromSaleOfProductiveAssets
Purchases of investments (4.6)us-gaap_PaymentsToAcquireInvestments (5.8)us-gaap_PaymentsToAcquireInvestments
Proceeds from sale of investments 0.6us-gaap_ProceedsFromSaleMaturityAndCollectionsOfInvestments 6.2us-gaap_ProceedsFromSaleMaturityAndCollectionsOfInvestments
Net cash used by investing activities (24.0)us-gaap_NetCashProvidedByUsedInInvestingActivities (26.6)us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash Flows from Financing Activities    
Cash dividends (26.2)us-gaap_PaymentsOfDividends (28.7)us-gaap_PaymentsOfDividends
Debt, net (maturities of three months or less) (6.3)us-gaap_ProceedsFromRepaymentsOfShortTermDebt 1.8us-gaap_ProceedsFromRepaymentsOfShortTermDebt
Repayment of debt (2.9)us-gaap_RepaymentsOfOtherDebt (10.6)us-gaap_RepaymentsOfOtherDebt
Net proceeds from exercise of stock options 0avp_Netproceedsfromexerciseofstockoptions 0.2avp_Netproceedsfromexerciseofstockoptions
Repurchase of common stock (1.9)us-gaap_PaymentsForRepurchaseOfCommonStock (6.5)us-gaap_PaymentsForRepurchaseOfCommonStock
Net cash used by financing activities (37.3)us-gaap_NetCashProvidedByUsedInFinancingActivities (43.8)us-gaap_NetCashProvidedByUsedInFinancingActivities
Effect of exchange rate changes on cash and equivalents (32.2)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents (129.8)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
Net decrease in cash and equivalents (291.6)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (312.8)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at beginning of year 960.5us-gaap_CashAndCashEquivalentsAtCarryingValue 1,107.9us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of period $ 668.9us-gaap_CashAndCashEquivalentsAtCarryingValue $ 795.1us-gaap_CashAndCashEquivalentsAtCarryingValue