Schedule of Supplemental Condensed Consolidating Financial Position |
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Unaudited Condensed Consolidating Statement of Financial Position |
As of June 30, 2019 |
(In Millions) |
Ìý |
ÐÇ¿Õ´«Ã½ Inc. |
Ìý |
Guarantor Subsidiaries |
Ìý |
Non-Guarantor Subsidiaries |
Ìý |
Eliminations |
Ìý |
Consolidated |
ASSETS |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
CURRENT ASSETS |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Cash and cash equivalents |
$ |
374.2 |
|
Ìý |
$ |
0.4 |
|
Ìý |
$ |
2.6 |
|
Ìý |
$ |
— |
|
Ìý |
$ |
377.2 |
|
Accounts receivable, net |
8.1 |
|
Ìý |
188.8 |
|
Ìý |
0.3 |
|
Ìý |
(4.1 |
) |
Ìý |
193.1 |
|
Inventories |
— |
|
Ìý |
219.0 |
|
Ìý |
— |
|
Ìý |
— |
|
Ìý |
219.0 |
|
Supplies and other inventories |
— |
|
Ìý |
110.8 |
|
Ìý |
— |
|
Ìý |
— |
|
Ìý |
110.8 |
|
Derivative assets |
0.2 |
|
Ìý |
118.1 |
|
Ìý |
— |
|
Ìý |
— |
|
Ìý |
118.3 |
|
Income tax receivable, current |
58.7 |
|
Ìý |
— |
|
Ìý |
— |
|
Ìý |
— |
|
Ìý |
58.7 |
|
Other current assets |
8.5 |
|
Ìý |
24.1 |
|
Ìý |
9.7 |
|
Ìý |
— |
|
Ìý |
42.3 |
|
TOTAL CURRENT ASSETS |
449.7 |
|
Ìý |
661.2 |
|
Ìý |
12.6 |
|
Ìý |
(4.1 |
) |
Ìý |
1,119.4 |
|
PROPERTY, PLANT AND EQUIPMENT, NET |
11.6 |
|
Ìý |
1,534.9 |
|
Ìý |
50.8 |
|
Ìý |
— |
|
Ìý |
1,597.3 |
|
OTHER ASSETS |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Deposits for property, plant and equipment |
— |
|
Ìý |
37.4 |
|
Ìý |
14.8 |
|
Ìý |
— |
|
Ìý |
52.2 |
|
Income tax receivable, non-current |
58.6 |
|
Ìý |
4.1 |
|
Ìý |
— |
|
Ìý |
— |
|
Ìý |
62.7 |
|
Deferred income taxes |
442.1 |
|
Ìý |
— |
|
Ìý |
1.2 |
|
Ìý |
— |
|
Ìý |
443.3 |
|
Investment in subsidiaries |
1,701.2 |
|
Ìý |
35.2 |
|
Ìý |
— |
|
Ìý |
(1,736.4 |
) |
Ìý |
— |
|
Long-term intercompany notes |
— |
|
Ìý |
— |
|
Ìý |
121.3 |
|
Ìý |
(121.3 |
) |
Ìý |
— |
|
Other non-current assets |
16.1 |
|
Ìý |
100.8 |
|
Ìý |
1.4 |
|
Ìý |
— |
|
Ìý |
118.3 |
|
TOTAL OTHER ASSETS |
2,218.0 |
|
Ìý |
177.5 |
|
Ìý |
138.7 |
|
Ìý |
(1,857.7 |
) |
Ìý |
676.5 |
|
TOTAL ASSETS |
$ |
2,679.3 |
|
Ìý |
$ |
2,373.6 |
|
Ìý |
$ |
202.1 |
|
Ìý |
$ |
(1,861.8 |
) |
Ìý |
$ |
3,393.2 |
|
LIABILITIES |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
CURRENT LIABILITIES |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Accounts payable |
$ |
7.8 |
|
Ìý |
$ |
180.2 |
|
Ìý |
$ |
4.2 |
|
Ìý |
$ |
(4.1 |
) |
Ìý |
$ |
188.1 |
|
Accrued employment costs |
16.1 |
|
Ìý |
42.2 |
|
Ìý |
0.1 |
|
Ìý |
— |
|
Ìý |
58.4 |
|
Accrued interest |
31.3 |
|
Ìý |
— |
|
Ìý |
— |
|
Ìý |
— |
|
Ìý |
31.3 |
|
Partnership distribution payable |
— |
|
Ìý |
44.1 |
|
Ìý |
— |
|
Ìý |
— |
|
Ìý |
44.1 |
|
Other current liabilities |
26.2 |
|
Ìý |
82.1 |
|
Ìý |
7.2 |
|
Ìý |
— |
|
Ìý |
115.5 |
|
TOTAL CURRENT LIABILITIES |
81.4 |
|
Ìý |
348.6 |
|
Ìý |
11.5 |
|
Ìý |
(4.1 |
) |
Ìý |
437.4 |
|
PENSION AND POSTEMPLOYMENT BENEFIT LIABILITIES |
64.0 |
|
Ìý |
414.8 |
|
Ìý |
(239.5 |
) |
Ìý |
— |
|
Ìý |
239.3 |
|
ENVIRONMENTAL AND MINE CLOSURE OBLIGATIONS |
— |
|
Ìý |
157.1 |
|
Ìý |
19.6 |
|
Ìý |
— |
|
Ìý |
176.7 |
|
LONG-TERM DEBT |
2,104.5 |
|
Ìý |
— |
|
Ìý |
— |
|
Ìý |
— |
|
Ìý |
2,104.5 |
|
LONG-TERM INTERCOMPANY NOTES |
121.3 |
|
Ìý |
— |
|
Ìý |
— |
|
Ìý |
(121.3 |
) |
Ìý |
— |
|
OTHER LIABILITIES |
22.5 |
|
Ìý |
120.1 |
|
Ìý |
7.1 |
|
Ìý |
— |
|
Ìý |
149.7 |
|
TOTAL LIABILITIES |
2,393.7 |
|
Ìý |
1,040.6 |
|
Ìý |
(201.3 |
) |
Ìý |
(125.4 |
) |
Ìý |
3,107.6 |
|
EQUITY |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
TOTAL EQUITY |
285.6 |
|
Ìý |
1,333.0 |
|
Ìý |
403.4 |
|
Ìý |
(1,736.4 |
) |
Ìý |
285.6 |
|
TOTAL LIABILITIES AND EQUITY |
$ |
2,679.3 |
|
Ìý |
$ |
2,373.6 |
|
Ìý |
$ |
202.1 |
|
Ìý |
$ |
(1,861.8 |
) |
Ìý |
$ |
3,393.2 |
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Unaudited Condensed Consolidating Statement of Financial Position |
As of December 31, 2018 |
(In Millions) |
Ìý |
ÐÇ¿Õ´«Ã½ Inc. |
Ìý |
Guarantor Subsidiaries |
Ìý |
Non-Guarantor Subsidiaries |
Ìý |
Eliminations |
Ìý |
Consolidated |
ASSETS |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
CURRENT ASSETS |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Cash and cash equivalents |
$ |
819.8 |
|
Ìý |
$ |
0.7 |
|
Ìý |
$ |
2.7 |
|
Ìý |
$ |
— |
|
Ìý |
$ |
823.2 |
|
Accounts receivable, net |
9.2 |
|
Ìý |
221.3 |
|
Ìý |
0.3 |
|
Ìý |
(4.1 |
) |
Ìý |
226.7 |
|
Inventories |
— |
|
Ìý |
87.9 |
|
Ìý |
— |
|
Ìý |
— |
|
Ìý |
87.9 |
|
Supplies and other inventories |
— |
|
Ìý |
93.2 |
|
Ìý |
— |
|
Ìý |
— |
|
Ìý |
93.2 |
|
Derivative assets |
0.1 |
|
Ìý |
91.4 |
|
Ìý |
— |
|
Ìý |
— |
|
Ìý |
91.5 |
|
Income tax receivable, current |
117.3 |
|
Ìý |
— |
|
Ìý |
— |
|
Ìý |
— |
|
Ìý |
117.3 |
|
Other current assets |
10.0 |
|
Ìý |
16.9 |
|
Ìý |
12.9 |
|
Ìý |
— |
|
Ìý |
39.8 |
|
TOTAL CURRENT ASSETS |
956.4 |
|
Ìý |
511.4 |
|
Ìý |
15.9 |
|
Ìý |
(4.1 |
) |
Ìý |
1,479.6 |
|
PROPERTY, PLANT AND EQUIPMENT, NET |
13.3 |
|
Ìý |
1,221.9 |
|
Ìý |
50.8 |
|
Ìý |
— |
|
Ìý |
1,286.0 |
|
OTHER ASSETS |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Deposits for property, plant and equipment |
— |
|
Ìý |
68.4 |
|
Ìý |
14.6 |
|
Ìý |
— |
|
Ìý |
83.0 |
|
Income tax receivable, non-current |
117.2 |
|
Ìý |
4.1 |
|
Ìý |
— |
|
Ìý |
— |
|
Ìý |
121.3 |
|
Deferred income taxes |
463.6 |
|
Ìý |
— |
|
Ìý |
1.2 |
|
Ìý |
— |
|
Ìý |
464.8 |
|
Investment in subsidiaries |
1,262.3 |
|
Ìý |
50.8 |
|
Ìý |
— |
|
Ìý |
(1,313.1 |
) |
Ìý |
— |
|
Long-term intercompany notes |
— |
|
Ìý |
— |
|
Ìý |
121.3 |
|
Ìý |
(121.3 |
) |
Ìý |
— |
|
Other non-current assets |
8.0 |
|
Ìý |
85.4 |
|
Ìý |
1.5 |
|
Ìý |
— |
|
Ìý |
94.9 |
|
TOTAL OTHER ASSETS |
1,851.1 |
|
Ìý |
208.7 |
|
Ìý |
138.6 |
|
Ìý |
(1,434.4 |
) |
Ìý |
764.0 |
|
TOTAL ASSETS |
$ |
2,820.8 |
|
Ìý |
$ |
1,942.0 |
|
Ìý |
$ |
205.3 |
|
Ìý |
$ |
(1,438.5 |
) |
Ìý |
$ |
3,529.6 |
|
LIABILITIES |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
CURRENT LIABILITIES |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Accounts payable |
$ |
5.3 |
|
Ìý |
$ |
181.4 |
|
Ìý |
$ |
4.2 |
|
Ìý |
$ |
(4.1 |
) |
Ìý |
$ |
186.8 |
|
Accrued employment costs |
28.5 |
|
Ìý |
45.4 |
|
Ìý |
0.1 |
|
Ìý |
— |
|
Ìý |
74.0 |
|
Accrued interest |
38.4 |
|
Ìý |
— |
|
Ìý |
— |
|
Ìý |
— |
|
Ìý |
38.4 |
|
Partnership distribution payable |
— |
|
Ìý |
43.5 |
|
Ìý |
— |
|
Ìý |
— |
|
Ìý |
43.5 |
|
Other current liabilities |
30.6 |
|
Ìý |
86.7 |
|
Ìý |
8.2 |
|
Ìý |
— |
|
Ìý |
125.5 |
|
TOTAL CURRENT LIABILITIES |
102.8 |
|
Ìý |
357.0 |
|
Ìý |
12.5 |
|
Ìý |
(4.1 |
) |
Ìý |
468.2 |
|
PENSION AND POSTEMPLOYMENT BENEFIT LIABILITIES |
64.3 |
|
Ìý |
414.4 |
|
Ìý |
(230.0 |
) |
Ìý |
— |
|
Ìý |
248.7 |
|
ENVIRONMENTAL AND MINE CLOSURE OBLIGATIONS |
— |
|
Ìý |
152.1 |
|
Ìý |
19.9 |
|
Ìý |
— |
|
Ìý |
172.0 |
|
LONG-TERM DEBT |
2,092.9 |
|
Ìý |
— |
|
Ìý |
— |
|
Ìý |
— |
|
Ìý |
2,092.9 |
|
LONG-TERM INTERCOMPANY NOTES |
121.3 |
|
Ìý |
— |
|
Ìý |
— |
|
Ìý |
(121.3 |
) |
Ìý |
— |
|
OTHER LIABILITIES |
15.3 |
|
Ìý |
99.5 |
|
Ìý |
8.8 |
|
Ìý |
— |
|
Ìý |
123.6 |
|
TOTAL LIABILITIES |
2,396.6 |
|
Ìý |
1,023.0 |
|
Ìý |
(188.8 |
) |
Ìý |
(125.4 |
) |
Ìý |
3,105.4 |
|
EQUITY |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
TOTAL EQUITY |
424.2 |
|
Ìý |
919.0 |
|
Ìý |
394.1 |
|
Ìý |
(1,313.1 |
) |
Ìý |
424.2 |
|
TOTAL LIABILITIES AND EQUITY |
$ |
2,820.8 |
|
Ìý |
$ |
1,942.0 |
|
Ìý |
$ |
205.3 |
|
Ìý |
$ |
(1,438.5 |
) |
Ìý |
$ |
3,529.6 |
|
|
Schedule of Supplemental Statements of Condensed Consolidating Operations and Comprehensive Income (Loss) |
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Unaudited Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) |
For the Three Months Ended June 30, 2019 |
(In Millions) |
Ìý |
ÐÇ¿Õ´«Ã½ Inc. |
Ìý |
Guarantor Subsidiaries |
Ìý |
Non-Guarantor Subsidiaries |
Ìý |
Eliminations |
Ìý |
Consolidated |
REVENUES FROM PRODUCT SALES AND SERVICES |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Product |
$ |
— |
|
Ìý |
$ |
697.4 |
|
Ìý |
$ |
— |
|
Ìý |
$ |
— |
|
Ìý |
$ |
697.4 |
|
Freight |
— |
|
Ìý |
45.8 |
|
Ìý |
— |
|
Ìý |
— |
|
Ìý |
45.8 |
|
Ìý |
— |
|
Ìý |
743.2 |
|
Ìý |
— |
|
Ìý |
— |
|
Ìý |
743.2 |
|
COST OF GOODS SOLD |
— |
|
Ìý |
(480.2 |
) |
Ìý |
— |
|
Ìý |
— |
|
Ìý |
(480.2 |
) |
SALES MARGIN |
— |
|
Ìý |
263.0 |
|
Ìý |
— |
|
Ìý |
— |
|
Ìý |
263.0 |
|
OTHER OPERATING EXPENSE |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Selling, general and administrative expenses |
(23.6 |
) |
Ìý |
(6.8 |
) |
Ìý |
(0.2 |
) |
Ìý |
— |
|
Ìý |
(30.6 |
) |
Miscellaneous – net |
— |
|
Ìý |
(4.8 |
) |
Ìý |
(0.8 |
) |
Ìý |
— |
|
Ìý |
(5.6 |
) |
Ìý |
(23.6 |
) |
Ìý |
(11.6 |
) |
Ìý |
(1.0 |
) |
Ìý |
— |
|
Ìý |
(36.2 |
) |
OPERATING INCOME (LOSS) |
(23.6 |
) |
Ìý |
251.4 |
|
Ìý |
(1.0 |
) |
Ìý |
— |
|
Ìý |
226.8 |
|
OTHER INCOME (EXPENSE) |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Interest income (expense), net |
(25.4 |
) |
Ìý |
(0.8 |
) |
Ìý |
0.1 |
|
Ìý |
— |
|
Ìý |
(26.1 |
) |
Loss on extinguishment of debt |
(17.9 |
) |
Ìý |
— |
|
Ìý |
— |
|
Ìý |
— |
|
Ìý |
(17.9 |
) |
Other non-operating income (expense) |
(1.0 |
) |
Ìý |
(3.2 |
) |
Ìý |
4.8 |
|
Ìý |
— |
|
Ìý |
0.6 |
|
Ìý |
(44.3 |
) |
Ìý |
(4.0 |
) |
Ìý |
4.9 |
|
Ìý |
— |
|
Ìý |
(43.4 |
) |
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES |
(67.9 |
) |
Ìý |
247.4 |
|
Ìý |
3.9 |
|
Ìý |
— |
|
Ìý |
183.4 |
|
INCOME TAX EXPENSE |
(21.8 |
) |
Ìý |
(0.2 |
) |
Ìý |
— |
|
Ìý |
— |
|
Ìý |
(22.0 |
) |
EQUITY IN INCOME OF SUBSIDIARIES |
250.4 |
|
Ìý |
4.3 |
|
Ìý |
— |
|
Ìý |
(254.7 |
) |
Ìý |
— |
|
INCOME FROM CONTINUING OPERATIONS |
160.7 |
|
Ìý |
251.5 |
|
Ìý |
3.9 |
|
Ìý |
(254.7 |
) |
Ìý |
161.4 |
|
INCOME (LOSS) FROM DISCONTINUED OPERATIONS, NET OF TAX |
0.1 |
|
Ìý |
0.1 |
|
Ìý |
(0.8 |
) |
Ìý |
— |
|
Ìý |
(0.6 |
) |
NET INCOME |
$ |
160.8 |
|
Ìý |
$ |
251.6 |
|
Ìý |
$ |
3.1 |
|
Ìý |
$ |
(254.7 |
) |
Ìý |
$ |
160.8 |
|
OTHER COMPREHENSIVE INCOME |
3.7 |
|
Ìý |
6.6 |
|
Ìý |
— |
|
Ìý |
(6.6 |
) |
Ìý |
3.7 |
|
TOTAL COMPREHENSIVE INCOME |
$ |
164.5 |
|
Ìý |
$ |
258.2 |
|
Ìý |
$ |
3.1 |
|
Ìý |
$ |
(261.3 |
) |
Ìý |
$ |
164.5 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) |
For the Three Months Ended June 30, 2018 |
(In Millions) |
Ìý |
ÐÇ¿Õ´«Ã½ Inc. |
Ìý |
Guarantor Subsidiaries |
Ìý |
Non-Guarantor Subsidiaries |
Ìý |
Eliminations |
Ìý |
Consolidated |
REVENUES FROM PRODUCT SALES AND SERVICES |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Product |
$ |
— |
|
Ìý |
$ |
672.0 |
|
Ìý |
$ |
— |
|
Ìý |
$ |
— |
|
Ìý |
$ |
672.0 |
|
Freight |
— |
|
Ìý |
42.3 |
|
Ìý |
— |
|
Ìý |
— |
|
Ìý |
42.3 |
|
Ìý |
— |
|
Ìý |
714.3 |
|
Ìý |
— |
|
Ìý |
— |
|
Ìý |
714.3 |
|
COST OF GOODS SOLD |
— |
|
Ìý |
(429.8 |
) |
Ìý |
— |
|
Ìý |
— |
|
Ìý |
(429.8 |
) |
SALES MARGIN |
— |
|
Ìý |
284.5 |
|
Ìý |
— |
|
Ìý |
— |
|
Ìý |
284.5 |
|
OTHER OPERATING EXPENSE |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Selling, general and administrative expenses |
(19.7 |
) |
Ìý |
(6.4 |
) |
Ìý |
(0.1 |
) |
Ìý |
— |
|
Ìý |
(26.2 |
) |
Miscellaneous – net |
(0.2 |
) |
Ìý |
(3.6 |
) |
Ìý |
(0.3 |
) |
Ìý |
— |
|
Ìý |
(4.1 |
) |
Ìý |
(19.9 |
) |
Ìý |
(10.0 |
) |
Ìý |
(0.4 |
) |
Ìý |
— |
|
Ìý |
(30.3 |
) |
OPERATING INCOME (LOSS) |
(19.9 |
) |
Ìý |
274.5 |
|
Ìý |
(0.4 |
) |
Ìý |
— |
|
Ìý |
254.2 |
|
OTHER INCOME (EXPENSE) |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Interest income (expense), net |
(30.8 |
) |
Ìý |
(0.6 |
) |
Ìý |
0.2 |
|
Ìý |
— |
|
Ìý |
(31.2 |
) |
Gain on extinguishment of debt |
0.2 |
|
Ìý |
— |
|
Ìý |
— |
|
Ìý |
— |
|
Ìý |
0.2 |
|
Other non-operating income (expense) |
(0.8 |
) |
Ìý |
0.2 |
|
Ìý |
5.0 |
|
Ìý |
— |
|
Ìý |
4.4 |
|
Ìý |
(31.4 |
) |
Ìý |
(0.4 |
) |
Ìý |
5.2 |
|
Ìý |
— |
|
Ìý |
(26.6 |
) |
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES |
(51.3 |
) |
Ìý |
274.1 |
|
Ìý |
4.8 |
|
Ìý |
— |
|
Ìý |
227.6 |
|
INCOME TAX BENEFIT (EXPENSE) |
2.1 |
|
Ìý |
(0.1 |
) |
Ìý |
(0.2 |
) |
Ìý |
— |
|
Ìý |
1.8 |
|
EQUITY IN INCOME OF SUBSIDIARIES |
210.4 |
|
Ìý |
4.6 |
|
Ìý |
— |
|
Ìý |
(215.0 |
) |
Ìý |
— |
|
INCOME FROM CONTINUING OPERATIONS |
161.2 |
|
Ìý |
278.6 |
|
Ìý |
4.6 |
|
Ìý |
(215.0 |
) |
Ìý |
229.4 |
|
INCOME (LOSS) FROM DISCONTINUED OPERATIONS, net of tax |
3.9 |
|
Ìý |
(0.3 |
) |
Ìý |
(67.9 |
) |
Ìý |
— |
|
Ìý |
(64.3 |
) |
NET INCOME (LOSS) |
$ |
165.1 |
|
Ìý |
$ |
278.3 |
|
Ìý |
$ |
(63.3 |
) |
Ìý |
$ |
(215.0 |
) |
Ìý |
$ |
165.1 |
|
OTHER COMPREHENSIVE INCOME |
9.1 |
|
Ìý |
6.0 |
|
Ìý |
2.2 |
|
Ìý |
(8.2 |
) |
Ìý |
9.1 |
|
TOTAL COMPREHENSIVE INCOME (LOSS) |
$ |
174.2 |
|
Ìý |
$ |
284.3 |
|
Ìý |
$ |
(61.1 |
) |
Ìý |
$ |
(223.2 |
) |
Ìý |
$ |
174.2 |
|
|
Schedule of Supplemental Statements of Condensed Consolidating Cash Flows |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Condensed Consolidating Statement of Cash Flows |
For the Six Months Ended June 30, 2019 |
(In Millions) |
Ìý |
ÐÇ¿Õ´«Ã½ Inc. |
Ìý |
Guarantor Subsidiaries |
Ìý |
Non-Guarantor Subsidiaries |
Ìý |
Eliminations |
Ìý |
Consolidated |
Net cash provided (used) by operating activities |
$ |
20.1 |
|
Ìý |
$ |
134.0 |
|
Ìý |
$ |
(3.0 |
) |
Ìý |
$ |
— |
|
Ìý |
$ |
151.1 |
|
INVESTING ACTIVITIES |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Purchase of property, plant and equipment |
(1.2 |
) |
Ìý |
(293.2 |
) |
Ìý |
— |
|
Ìý |
— |
|
Ìý |
(294.4 |
) |
Deposits for property, plant and equipment |
— |
|
Ìý |
(6.3 |
) |
Ìý |
(0.2 |
) |
Ìý |
— |
|
Ìý |
(6.5 |
) |
Intercompany investing |
(153.3 |
) |
Ìý |
(1.2 |
) |
Ìý |
— |
|
Ìý |
154.5 |
|
Ìý |
— |
|
Other investing activities |
— |
|
Ìý |
8.4 |
|
Ìý |
0.1 |
|
Ìý |
— |
|
Ìý |
8.5 |
|
Net cash used by investing activities |
(154.5 |
) |
Ìý |
(292.3 |
) |
Ìý |
(0.1 |
) |
Ìý |
154.5 |
|
Ìý |
(292.4 |
) |
FINANCING ACTIVITIES |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Repurchase of common shares |
(252.9 |
) |
Ìý |
— |
|
Ìý |
— |
|
Ìý |
— |
|
Ìý |
(252.9 |
) |
Dividends paid |
(28.9 |
) |
Ìý |
— |
|
Ìý |
— |
|
Ìý |
— |
|
Ìý |
(28.9 |
) |
Proceeds from issuance of debt |
720.9 |
|
Ìý |
— |
|
Ìý |
— |
|
Ìý |
— |
|
Ìý |
720.9 |
|
Debt issuance costs |
(6.8 |
) |
Ìý |
— |
|
Ìý |
— |
|
Ìý |
— |
|
Ìý |
(6.8 |
) |
Repurchase of debt |
(729.3 |
) |
Ìý |
— |
|
Ìý |
— |
|
Ìý |
— |
|
Ìý |
(729.3 |
) |
Intercompany financing |
— |
|
Ìý |
152.9 |
|
Ìý |
1.6 |
|
Ìý |
(154.5 |
) |
Ìý |
— |
|
Other financing activities |
(14.2 |
) |
Ìý |
5.1 |
|
Ìý |
(1.8 |
) |
Ìý |
— |
|
Ìý |
(10.9 |
) |
Net cash provided (used) by financing activities |
(311.2 |
) |
Ìý |
158.0 |
|
Ìý |
(0.2 |
) |
Ìý |
(154.5 |
) |
Ìý |
(307.9 |
) |
DECREASE IN CASH AND CASH EQUIVALENTS, INCLUDING CASH CLASSIFIED WITHIN OTHER CURRENT ASSETS RELATED TO DISCONTINUED OPERATIONS |
(445.6 |
) |
Ìý |
(0.3 |
) |
Ìý |
(3.3 |
) |
Ìý |
— |
|
Ìý |
(449.2 |
) |
LESS: DECREASE IN CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS, CLASSIFIED WITHIN OTHER CURRENT ASSETS |
— |
|
Ìý |
— |
|
Ìý |
(3.2 |
) |
Ìý |
— |
|
Ìý |
(3.2 |
) |
NET DECREASE IN CASH AND CASH EQUIVALENTS |
(445.6 |
) |
Ìý |
(0.3 |
) |
Ìý |
(0.1 |
) |
Ìý |
— |
|
Ìý |
(446.0 |
) |
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD |
819.8 |
|
Ìý |
0.7 |
|
Ìý |
2.7 |
|
Ìý |
— |
|
Ìý |
823.2 |
|
CASH AND CASH EQUIVALENTS AT END OF PERIOD |
$ |
374.2 |
|
Ìý |
$ |
0.4 |
|
Ìý |
$ |
2.6 |
|
Ìý |
$ |
— |
|
Ìý |
$ |
377.2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Condensed Consolidating Statement of Cash Flows |
For the Six Months Ended June 30, 2018 |
(In Millions) |
Ìý |
ÐÇ¿Õ´«Ã½ Inc. |
Ìý |
Guarantor Subsidiaries |
Ìý |
Non-Guarantor Subsidiaries |
Ìý |
Eliminations |
Ìý |
Consolidated |
Net cash provided (used) by operating activities |
$ |
(82.1 |
) |
Ìý |
$ |
83.5 |
|
Ìý |
$ |
(50.7 |
) |
Ìý |
$ |
— |
|
Ìý |
$ |
(49.3 |
) |
INVESTING ACTIVITIES |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Purchase of property, plant and equipment |
(0.3 |
) |
Ìý |
(41.8 |
) |
Ìý |
— |
|
Ìý |
— |
|
Ìý |
(42.1 |
) |
Deposits for property, plant and equipment |
— |
|
Ìý |
(67.6 |
) |
Ìý |
(4.7 |
) |
Ìý |
— |
|
Ìý |
(72.3 |
) |
Intercompany investing |
(35.2 |
) |
Ìý |
(5.5 |
) |
Ìý |
14.6 |
|
Ìý |
26.1 |
|
Ìý |
— |
|
Proceeds on sales of assets |
— |
|
Ìý |
0.4 |
|
Ìý |
14.2 |
|
Ìý |
— |
|
Ìý |
14.6 |
|
Net cash provided (used) by investing activities |
(35.5 |
) |
Ìý |
(114.5 |
) |
Ìý |
24.1 |
|
Ìý |
26.1 |
|
Ìý |
(99.8 |
) |
FINANCING ACTIVITIES |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Debt issuance costs |
(1.5 |
) |
Ìý |
— |
|
Ìý |
— |
|
Ìý |
— |
|
Ìý |
(1.5 |
) |
Repurchase of debt |
(15.3 |
) |
Ìý |
— |
|
Ìý |
— |
|
Ìý |
— |
|
Ìý |
(15.3 |
) |
Intercompany financing |
(14.6 |
) |
Ìý |
31.5 |
|
Ìý |
9.2 |
|
Ìý |
(26.1 |
) |
Ìý |
— |
|
Other financing activities |
(1.5 |
) |
Ìý |
(1.0 |
) |
Ìý |
(6.4 |
) |
Ìý |
— |
|
Ìý |
(8.9 |
) |
Net cash provided (used) by financing activities |
(32.9 |
) |
Ìý |
30.5 |
|
Ìý |
2.8 |
|
Ìý |
(26.1 |
) |
Ìý |
(25.7 |
) |
EFFECT OF EXCHANGE RATE CHANGES ON CASH |
— |
|
Ìý |
— |
|
Ìý |
(1.0 |
) |
Ìý |
— |
|
Ìý |
(1.0 |
) |
DECREASE IN CASH AND CASH EQUIVALENTS, INCLUDING CASH CLASSIFIED WITHIN OTHER CURRENT ASSETS RELATED TO DISCONTINUED OPERATIONS |
(150.5 |
) |
Ìý |
(0.5 |
) |
Ìý |
(24.8 |
) |
Ìý |
— |
|
Ìý |
(175.8 |
) |
LESS: DECREASE IN CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS, CLASSIFIED WITHIN OTHER CURRENT ASSETS |
— |
|
Ìý |
— |
|
Ìý |
— |
|
Ìý |
— |
|
Ìý |
— |
|
NET DECREASE IN CASH AND CASH EQUIVALENTS |
(150.5 |
) |
Ìý |
(0.5 |
) |
Ìý |
(24.8 |
) |
Ìý |
— |
|
Ìý |
(175.8 |
) |
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD |
948.9 |
|
Ìý |
2.1 |
|
Ìý |
27.3 |
|
Ìý |
— |
|
Ìý |
978.3 |
|
CASH AND CASH EQUIVALENTS AT END OF PERIOD |
$ |
798.4 |
|
Ìý |
$ |
1.6 |
|
Ìý |
$ |
2.5 |
|
Ìý |
$ |
— |
|
Ìý |
$ |
802.5 |
|
|