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CONSOLIDATED BALANCE SHEETS (USD $)
In Millions, unless otherwise specified
Mar. 31, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 120.8 $ 116.3
Trade receivables, less allowance for doubtful accounts of $3.5 as of March 31, 2013 and December 31, 2012 185.9 216.0
Inventories 128.2 114.7
Deferred income taxes - current 49.4 48.5
Receivable from Revlon, Inc. 77.7 75.1
Prepaid expenses and other 54.8 45.4
Total current assets 616.8 616.0
Property, plant and equipment, net of accumulated depreciation of $228.9 and $226.0 as of March 31, 2013 and December 31, 2012, respectively 100.3 99.5
Deferred income taxes - noncurrent 202.7 203.1
Goodwill 217.8 217.8
Intangible assets, net of accumulated amortization of $31.2 and $29.7 as of March 31, 2013 and December 31, 2012, respectively 67.6 68.8
Other assets 100.3 92.5
Total assets 1,305.5 1,297.7
Current liabilities:    
Short-term borrowings 5.0 5.0
Current portion of long-term debt 0 [1] 21.5 [1]
Current portion of long-term debt - affiliates 48.6 [2] 48.6 [2]
Accounts payable 111.9 101.8
Accrued expenses and other 209.4 264.7
Total current liabilities 374.9 441.6
Long-term debt 1,227.6 1,145.8
Long-term pension and other post-retirement plan liabilities 228.2 233.7
Other long-term liabilities 54.7 53.3
Commitments and contingencies      
Stockholder's deficiency:    
RCPC Preferred Stock, par value $1.00 per share; 1,000 shares authorized; 546 shares issued and outstanding as of March 31, 2013 and December 31, 2012 54.6 54.6
Common Stock, par value $1.00 per share; 10,000 shares authorized; 5,260 shares issued and outstanding as of March 31, 2013 and December 31, 2012 0 0
Additional paid-in capital 946.3 946.3
Accumulated deficit (1,373.7) (1,369.4)
Accumulated other comprehensive loss (207.1) (208.2)
Total stockholder's deficiency (579.9) (576.7)
Total liabilities and stockholder's deficiency $ 1,305.5 $ 1,297.7
[1] On February 21, 2013, Products Corporation consummated an amendment (the "2013 Bank Term Loan Amendments") to its third amended and restated term loan agreement dated as of May 19, 2011 (as amended, the "2011 Term Loan Agreement") for its 6.5 year term loan facility due November 19, 2017 (the “2011 Term Loan Facility”), to among other things: (i) reduce the total aggregate principal amount outstanding under the 2011 Term Loan Facility from $788.0 million to $675.0 million; (ii) reduce the minimum Eurodollar Rate on Eurodollar Loans from 1.25% to 1.00%; and (iii) reduce the Applicable Margin on Eurodollar Loans from 3.50% to 3.00%. Refer to “Recent Debt Transactions – 2013 Bank Term Loan Amendments to the 2011 Term Loan Agreement” below for further discussion. Additionally, see Note 10, “Long-Term Debt,” to the Consolidated Financial Statements in the Company's 2012 Form 10-K for additional details regarding Products Corporation’s 2011 Term Loan Facility prior to the 2013 Bank Term Loan Amendments.
[2] For detail regarding Products Corporation’s Amended and Restated Senior Subordinated Term Loan (the “Amended and Restated Senior Subordinated Term Loan”), consisting of (i) the $58.4 million principal amount which remains owing from Products Corporation to various third parties (the “Non-Contributed Loan”), which matures on October 8, 2014 and (ii) the $48.6 million principal amount due from Products Corporation to Revlon, Inc. (the “Contributed Loan”), which matures on October 8, 2013, see Note 10, “Long-Term Debt,” to the Consolidated Financial Statements in the Company’s 2012 Form 10-K. The Contributed Loan is presented as a current liability on the Company’s Consolidated Balance Sheets as of March 31, 2013 and December 31, 2012.