CONDENSED CONSOLIDATING FINANCIAL INFORMATION | 9 Months Ended |
Sep. 26, 2013 |
Condensed Financial Information of Parent Company Only Disclosure [Abstract] | ' |
CONDENSED CONSOLIDATING FINANCIAL INFORMATION | ' |
CONDENSED CONSOLIDATING FINANCIAL INFORMATION |
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On July 15, 2009, Regal Cinemas issued $400.0 million in aggregate principal amount of the 85/8% Senior Notes. The 85/8% Senior Notes are fully and unconditionally guaranteed on a joint and several senior unsecured basis by Regal and all of Regal Cinemas’ existing and future domestic restricted subsidiaries that guarantee Regal Cinemas’ other indebtedness (the "Subsidiary Guarantors"). |
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The following condensed consolidating financial information, which has been prepared in accordance with the requirements for presentation of Rule 3-10(d) of Regulation S-X promulgated by the Commission, presents the condensed consolidating financial information separately for: |
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(i) | Regal, identified below as "REG Parent Company," which is a guarantor of the 85/8% Senior Notes; | | | | | | | | | | | | | | | | | | | | | | |
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(ii) | Regal Cinemas, identified below as "RCC Parent Company," which is issuer of the 85/8% Senior Notes; | | | | | | | | | | | | | | | | | | | | | | |
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(iii) | The Subsidiary Guarantors, on a combined basis; | | | | | | | | | | | | | | | | | | | | | | |
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(iv) | The Subsidiary Non-Guarantors, on a combined basis, which are subsidiaries that are not guarantors of the 85/8% Senior Notes; | | | | | | | | | | | | | | | | | | | | | | |
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(v) | Consolidating entries and eliminations representing adjustments to (a) eliminate intercompany transactions between or among Regal, Regal Cinemas, the Subsidiary Guarantors and the Subsidiary Non-Guarantors, (b) eliminate the investments in our subsidiaries and (c) record consolidating entries; and | | | | | | | | | | | | | | | | | | | | | | |
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(vi) | Regal and its subsidiaries on a consolidated basis. | | | | | | | | | | | | | | | | | | | | | | |
UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET INFORMATION |
26-Sep-13 |
(in millions) |
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| | | | | | | | | | | | | | | | | | | | | | | |
| REG Parent | | RCC Parent | | Subsidiary | | Subsidiary | | Consolidating | | Consolidated |
Company | Company | Guarantors | Non- | Adjustments |
| | | Guarantors | |
ASSETS | | | | | | | | | | | | | | | | | |
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CURRENT ASSETS: | | | | | | | | | | | | | | | | | |
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Cash and cash equivalents | $ | — | | | $ | — | | | $ | 198.6 | | | $ | 71.6 | | | $ | — | | | $ | 270.2 | |
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Trade and other receivables | 3.9 | | | — | | | 31.5 | | | 0.7 | | | — | | | 36.1 | |
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Other current assets | 4.5 | | | — | | | 47.6 | | | 8.6 | | | — | | | 60.7 | |
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TOTAL CURRENT ASSETS | 8.4 | | | — | | | 277.7 | | | 80.9 | | | — | | | 367 | |
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Property and equipment, net | 20.3 | | | — | | | 1,331.10 | | | 173.5 | | | (12.3 | ) | | 1,512.60 | |
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Goodwill and intangible assets, net | — | | | — | | | 286.6 | | | 88 | | | — | | | 374.6 | |
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Deferred income tax asset | — | | | — | | | 7.7 | | | 12.6 | | | (6.1 | ) | | 14.2 | |
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Other non-current assets | 155.8 | | | 1,324.10 | | | 1,309.10 | | | 97.1 | | | (2,646.2 | ) | | 239.9 | |
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TOTAL ASSETS | $ | 184.5 | | | $ | 1,324.10 | | | $ | 3,212.20 | | | $ | 452.1 | | | $ | (2,664.6 | ) | | $ | 2,508.30 | |
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LIABILITIES AND EQUITY (DEFICIT) | | | | | | | | | | | | | | | | | |
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CURRENT LIABILITIES: | | | | | | | | | | | | | | | | | |
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Current portion of debt obligations | $ | 2.2 | | | $ | 10 | | | $ | 10.4 | | | $ | 17.8 | | | $ | (15.0 | ) | | $ | 25.4 | |
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Accounts payable | 0.6 | | | — | | | 100.5 | | | 8.4 | | | — | | | 109.5 | |
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Accrued expenses and other liabilities | 10.4 | | | 11.8 | | | 139.5 | | | 16.4 | | | — | | | 178.1 | |
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TOTAL CURRENT LIABILITIES | 13.2 | | | 21.8 | | | 250.4 | | | 42.6 | | | (15.0 | ) | | 313 | |
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Long-term debt, less current portion | 820.6 | | | 1,365.20 | | | — | | | — | | | — | | | 2,185.80 | |
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Lease financing arrangements, less current portion | — | | | — | | | 46 | | | 37.1 | | | — | | | 83.1 | |
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Capital lease obligations, less current portion | — | | | — | | | 5.8 | | | 7.8 | | | — | | | 13.6 | |
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Deferred income tax liability | 6.1 | | | — | | | — | | | — | | | (6.1 | ) | | — | |
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Other liabilities | 1.2 | | | — | | | 527.9 | | | 42.2 | | | — | | | 571.3 | |
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TOTAL LIABILITIES | 841.1 | | | 1,387.00 | | | 830.1 | | | 129.7 | | | (21.1 | ) | | 3,166.80 | |
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EQUITY (DEFICIT): | | | | | | | | | | | | | | | | | |
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Stockholders’ equity (deficit) of Regal Entertainment Group | (656.6 | ) | | (62.9 | ) | | 2,384.30 | | | 322.1 | | | (2,643.5 | ) | | (656.6 | ) |
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Noncontrolling interest | — | | | — | | | (2.2 | ) | | 0.3 | | | — | | | (1.9 | ) |
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TOTAL EQUITY (DEFICIT) | (656.6 | ) | | (62.9 | ) | | 2,382.10 | | | 322.4 | | | (2,643.5 | ) | | (658.5 | ) |
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TOTAL LIABILITIES AND EQUITY (DEFICIT) | $ | 184.5 | | | $ | 1,324.10 | | | $ | 3,212.20 | | | $ | 452.1 | | | $ | (2,664.6 | ) | | $ | 2,508.30 | |
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UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET INFORMATION |
27-Dec-12 |
(in millions) |
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| REG Parent | | RCC Parent | | Subsidiary | | Subsidiary | | Consolidating | | Consolidated |
Company | Company | Guarantors | Non-Guarantors | Adjustments |
ASSETS | | | | | | | | | | | | | | | | | |
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CURRENT ASSETS: | | | | | | | | | | | | | | | | | |
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Cash and cash equivalents | $ | — | | | $ | — | | | $ | 53.8 | | | $ | 55.7 | | | $ | — | | | $ | 109.5 | |
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Trade and other receivables | — | | | — | | | 102.9 | | | 1.4 | | | — | | | 104.3 | |
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Other current assets | — | | | — | | | 40.2 | | | 3.8 | | | — | | | 44 | |
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TOTAL CURRENT ASSETS | — | | | — | | | 196.9 | | | 60.9 | | | — | | | 257.8 | |
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Property and equipment, net | 20.7 | | | — | | | 1,419.40 | | | 35.4 | | | (12.3 | ) | | 1,463.20 | |
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Goodwill and intangible assets, net | — | | | — | | | 288.5 | | | 7.1 | | | — | | | 295.6 | |
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Deferred income tax asset | 2.4 | | | — | | | 14 | | | — | | | (16.4 | ) | | — | |
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Other non-current assets | 7.2 | | | 1,144.10 | | | 1,020.90 | | | 84.9 | | | (2,064.2 | ) | | 192.9 | |
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TOTAL ASSETS | $ | 30.3 | | | $ | 1,144.10 | | | $ | 2,939.70 | | | $ | 188.3 | | | $ | (2,092.9 | ) | | $ | 2,209.50 | |
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LIABILITIES AND EQUITY (DEFICIT) | | | | | | | | | | | | | | | | | |
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CURRENT LIABILITIES: | | | | | | | | | | | | | | | | | |
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Current portion of debt obligations | $ | 2 | | | $ | 10.1 | | | $ | — | | | $ | 15.3 | | | $ | (5.4 | ) | | $ | 22 | |
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Accounts payable | 0.4 | | | — | | | 150.7 | | | 5.9 | | | — | | | 157 | |
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Accrued expenses and other liabilities | 183.3 | | | 20.2 | | | 162.9 | | | 6.9 | | | (164.8 | ) | | 208.5 | |
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TOTAL CURRENT LIABILITIES | 185.7 | | | 30.3 | | | 313.6 | | | 28.1 | | | (170.2 | ) | | 387.5 | |
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Long-term debt, less current portion | 540.4 | | | 1,372.00 | | | — | | | — | | | — | | | 1,912.40 | |
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Lease financing arrangements, less current portion | — | | | — | | | 52.2 | | | — | | | — | | | 52.2 | |
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Capital lease obligations, less current portion | — | | | — | | | 7.8 | | | 0.8 | | | — | | | 8.6 | |
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Deferred income tax liability | — | | | — | | | — | | | 24.1 | | | (16.4 | ) | | 7.7 | |
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Other liabilities | 1 | | | — | | | 512.9 | | | 25.8 | | | — | | | 539.7 | |
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TOTAL LIABILITIES | 727.1 | | | 1,402.30 | | | 886.5 | | | 78.8 | | | (186.6 | ) | | 2,908.10 | |
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EQUITY (DEFICIT): | | | | | | | | | | | | | | | | | |
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Stockholders’ equity (deficit) of Regal Entertainment Group | (696.8 | ) | | (258.2 | ) | | 2,055.30 | | | 109.2 | | | (1,906.3 | ) | | (696.8 | ) |
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Noncontrolling interest | — | | | — | | | (2.1 | ) | | 0.3 | | | — | | | (1.8 | ) |
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TOTAL EQUITY (DEFICIT) | (696.8 | ) | | (258.2 | ) | | 2,053.20 | | | 109.5 | | | (1,906.3 | ) | | (698.6 | ) |
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TOTAL LIABILITIES AND EQUITY (DEFICIT) | $ | 30.3 | | | $ | 1,144.10 | | | $ | 2,939.70 | | | $ | 188.3 | | | $ | (2,092.9 | ) | | $ | 2,209.50 | |
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UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF INCOME INFORMATION |
QUARTER ENDED SEPTEMBER 26, 2013 |
(in millions) |
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| REG Parent | | RCC Parent | | Subsidiary | | Subsidiary | | Consolidating | | Consolidated |
Company | Company | Guarantors | Non-Guarantors | Adjustments |
REVENUES | $ | — | | | $ | — | | | $ | 712.8 | | | $ | 101.9 | | | $ | (1.6 | ) | | $ | 813.1 | |
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OPERATING EXPENSES: | | | | | | | | | | | | |
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Film rental and advertising costs | — | | | — | | | 251.9 | | | 34.7 | | | — | | | 286.6 | |
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Cost of concessions | — | | | — | | | 25.4 | | | 5.1 | | | — | | | 30.5 | |
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Rent expense | — | | | — | | | 93.8 | | | 12.6 | | | (0.7 | ) | | 105.7 | |
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Other operating expenses | — | | | — | | | 179.9 | | | 28.8 | | | — | | | 208.7 | |
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General and administrative expenses | 0.1 | | | — | | | 15.8 | | | 2.6 | | | (1.6 | ) | | 16.9 | |
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Depreciation and amortization | 0.1 | | | — | | | 44.1 | | | 6.6 | | | — | | | 50.8 | |
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Net loss on disposal and impairment of operating assets | — | | | — | | | 4 | | | 0.1 | | | — | | | 4.1 | |
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TOTAL OPERATING EXPENSES | 0.2 | | | — | | | 614.9 | | | 90.5 | | | (2.3 | ) | | 703.3 | |
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INCOME (LOSS) FROM OPERATIONS | (0.2 | ) | | — | | | 97.9 | | | 11.4 | | | 0.7 | | | 109.8 | |
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OTHER EXPENSE (INCOME): | | | | | | | | | | | | | | | | | |
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Interest expense, net | 14.9 | | | 17.5 | | | 1.2 | | | 1.4 | | | — | | | 35 | |
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Loss on extinguishment of debt | — | | | — | | | — | | | — | | | — | | | — | |
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Earnings recognized from NCM | — | | | — | | | (10.4 | ) | | — | | | — | | | (10.4 | ) |
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Gain on sale of NCM, Inc. common stock | — | | | — | | | (30.9 | ) | | — | | | — | | | (30.9 | ) |
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Other, net | (84.4 | ) | | (96.8 | ) | | (56.0 | ) | | — | | | 228 | | | (9.2 | ) |
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TOTAL OTHER EXPENSE (INCOME), NET | (69.5 | ) | | (79.3 | ) | | (96.1 | ) | | 1.4 | | | 228 | | | (15.5 | ) |
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INCOME BEFORE INCOME TAXES | 69.3 | | | 79.3 | | | 194 | | | 10 | | | (227.3 | ) | | 125.3 | |
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PROVISION FOR (BENEFIT FROM) INCOME TAXES | (5.7 | ) | | (2.2 | ) | | 54.1 | | | 4 | | | — | | | 50.2 | |
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NET INCOME | 75 | | | 81.5 | | | 139.9 | | | 6 | | | (227.3 | ) | | 75.1 | |
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NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTEREST, NET OF TAX | — | | | — | | | — | | | — | | | — | | | — | |
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NET INCOME ATTRIBUTABLE TO CONTROLLING INTEREST | $ | 75 | | | $ | 81.5 | | | $ | 139.9 | | | $ | 6 | | | $ | (227.3 | ) | | $ | 75.1 | |
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UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF INCOME INFORMATION |
QUARTER ENDED SEPTEMBER 27, 2012 |
(in millions) |
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| REG Parent | | RCC Parent | | Subsidiary | | Subsidiary | | Consolidating | | Consolidated |
Company | Company | Guarantors | Non-Guarantors | Adjustments |
REVENUES | $ | — | | | $ | — | | | $ | 638.1 | | | $ | 56.4 | | | $ | (1.6 | ) | | $ | 692.9 | |
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OPERATING EXPENSES: | | | | | | | | | | | | |
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Film rental and advertising costs | — | | | — | | | 228.5 | | | 19.1 | | | — | | | 247.6 | |
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Cost of concessions | — | | | — | | | 23 | | | 2.5 | | | — | | | 25.5 | |
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Rent expense | — | | | — | | | 87.2 | | | 9.5 | | | (0.8 | ) | | 95.9 | |
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Other operating expenses | — | | | — | | | 169 | | | 16.2 | | | — | | | 185.2 | |
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General and administrative expenses | — | | | — | | | 15.7 | | | 1.8 | | | (1.4 | ) | | 16.1 | |
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Depreciation and amortization | 0.1 | | | — | | | 42.6 | | | 2.3 | | | — | | | 45 | |
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Net loss on disposal and impairment of operating assets | — | | | — | | | 3.8 | | | 0.1 | | | — | | | 3.9 | |
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TOTAL OPERATING EXPENSES | 0.1 | | | — | | | 569.8 | | | 51.5 | | | (2.2 | ) | | 619.2 | |
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INCOME (LOSS) FROM OPERATIONS | (0.1 | ) | | — | | | 68.3 | | | 4.9 | | | 0.6 | | | 73.7 | |
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OTHER EXPENSE (INCOME): | | | | | | | | | | | | | | | | | |
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Interest expense, net | 12.3 | | | 18.5 | | | 1.4 | | | 0.1 | | | — | | | 32.3 | |
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Earnings recognized from NCM | — | | | — | | | (8.7 | ) | | — | | | — | | | (8.7 | ) |
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Other, net | (31.7 | ) | | (42.2 | ) | | (7.6 | ) | | — | | | 92 | | | 10.5 | |
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TOTAL OTHER EXPENSE (INCOME), NET | (19.4 | ) | | (23.7 | ) | | (14.9 | ) | | 0.1 | | | 92 | | | 34.1 | |
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INCOME BEFORE INCOME TAXES | 19.3 | | | 23.7 | | | 83.2 | | | 4.8 | | | (91.4 | ) | | 39.6 | |
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PROVISION FOR (BENEFIT FROM) INCOME TAXES | (4.6 | ) | | (7.4 | ) | | 25.6 | | | 2.1 | | | — | | | 15.7 | |
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NET INCOME | 23.9 | | | 31.1 | | | 57.6 | | | 2.7 | | | (91.4 | ) | | 23.9 | |
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NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTEREST, NET OF TAX | — | | | — | | | 0.1 | | | — | | | — | | | 0.1 | |
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NET INCOME ATTRIBUTABLE TO CONTROLLING INTEREST | $ | 23.9 | | | $ | 31.1 | | | $ | 57.7 | | | $ | 2.7 | | | $ | (91.4 | ) | | $ | 24 | |
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UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF INCOME INFORMATION |
THREE QUARTERS ENDED SEPTEMBER 26, 2013 |
(in millions) |
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| REG Parent | | RCC Parent | | Subsidiary | | Subsidiary | | Consolidating | | Consolidated |
Company | Company | Guarantors | Non-Guarantors | Adjustments |
REVENUES | $ | — | | | $ | — | | | $ | 2,051.70 | | | $ | 250.9 | | | $ | (4.4 | ) | | $ | 2,298.20 | |
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OPERATING EXPENSES: | | | | | | | | | | | | |
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Film rental and advertising costs | — | | | — | | | 726.1 | | | 86.3 | | | — | | | 812.4 | |
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Cost of concessions | — | | | — | | | 73.8 | | | 12.1 | | | — | | | 85.9 | |
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Rent expense | — | | | | | | 277.7 | | | 34.3 | | | (2.1 | ) | | 309.9 | |
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Other operating expenses | — | | | — | | | 526.9 | | | 70.8 | | | — | | | 597.7 | |
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General and administrative expenses | 0.4 | | | — | | | 52.6 | | | 5.9 | | | (4.4 | ) | | 54.5 | |
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Depreciation and amortization | 0.4 | | | — | | | 133.1 | | | 15.5 | | | — | | | 149 | |
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Net loss on disposal and impairment of operating assets | — | | | — | | | 3.2 | | | 1.5 | | | — | | | 4.7 | |
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TOTAL OPERATING EXPENSES | 0.8 | | | — | | | 1,793.40 | | | 226.4 | | | (6.5 | ) | | 2,014.10 | |
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INCOME (LOSS) FROM OPERATIONS | (0.8 | ) | | — | | | 258.3 | | | 24.5 | | | 2.1 | | | 284.1 | |
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OTHER EXPENSE (INCOME): | | | | | | | | | | | | | | | | | |
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Interest expense, net | 45.7 | | | 54.1 | | | 3.6 | | | 3.1 | | | — | | | 106.5 | |
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Loss on extinguishment of debt | 30.3 | | | 0.4 | | | — | | | — | | | — | | | 30.7 | |
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Earnings recognized from NCM | — | | | — | | | (24.6 | ) | | — | | | — | | | (24.6 | ) |
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Gain on sale of NCM, Inc. common stock | — | | | — | | | (30.9 | ) | | — | | | — | | | (30.9 | ) |
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Other, net | (181.7 | ) | | (220.7 | ) | | (116.0 | ) | | — | | | 495 | | | (23.4 | ) |
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TOTAL OTHER EXPENSE (INCOME), NET | (105.7 | ) | | (166.2 | ) | | (167.9 | ) | | 3.1 | | | 495 | | | 58.3 | |
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INCOME BEFORE INCOME TAXES | 104.9 | | | 166.2 | | | 426.2 | | | 21.4 | | | (492.9 | ) | | 225.8 | |
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PROVISION FOR (BENEFIT FROM) INCOME TAXES | (28.8 | ) | | (7.2 | ) | | 119.4 | | | 8.8 | | | — | | | 92.2 | |
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NET INCOME | 133.7 | | | 173.4 | | | 306.8 | | | 12.6 | | | (492.9 | ) | | 133.6 | |
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NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTEREST, NET OF TAX | — | | | — | | | 0.1 | | | — | | | — | | | 0.1 | |
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NET INCOME ATTRIBUTABLE TO CONTROLLING INTEREST | $ | 133.7 | | | $ | 173.4 | | | $ | 306.9 | | | $ | 12.6 | | | $ | (492.9 | ) | | $ | 133.7 | |
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UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF INCOME INFORMATION |
THREE QUARTERS ENDED SEPTEMBER 27, 2012 |
(in millions) |
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| REG Parent | | RCC Parent | | Subsidiary | | Subsidiary | | Consolidating | | Consolidated |
Company | Company | Guarantors | Non-Guarantors | Adjustments |
REVENUES | $ | — | | | $ | — | | | $ | 1,935.40 | | | $ | 170.3 | | | $ | (4.6 | ) | | $ | 2,101.10 | |
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OPERATING EXPENSES: | | | | | | | | | | | | |
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Film rental and advertising costs | — | | | — | | | 691.7 | | | 58 | | | — | | | 749.7 | |
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Cost of concessions | — | | | — | | | 67.7 | | | 7.5 | | | — | | | 75.2 | |
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Rent expense | — | | | — | | | 259 | | | 28.5 | | | (2.2 | ) | | 285.3 | |
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Other operating expenses | — | | | — | | | 496.4 | | | 49.6 | | | — | | | 546 | |
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General and administrative expenses | 0.3 | | | — | | | 47.7 | | | 5.3 | | | (4.6 | ) | | 48.7 | |
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Depreciation and amortization | 0.4 | | | — | | | 129.7 | | | 7.5 | | | — | | | 137.6 | |
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Net loss on disposal and impairment of operating assets and other | — | | | — | | | 6 | | | 0.4 | | | — | | | 6.4 | |
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TOTAL OPERATING EXPENSES | 0.7 | | | — | | | 1,698.20 | | | 156.8 | | | (6.8 | ) | | 1,848.90 | |
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INCOME (LOSS) FROM OPERATIONS | (0.7 | ) | | — | | | 237.2 | | | 13.5 | | | 2.2 | | | 252.2 | |
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OTHER EXPENSE (INCOME): | | | | | | | | | | | | | | | | | |
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Interest expense, net | 36.8 | | | 61.5 | | | 4.1 | | | 0.4 | | | — | | | 102.8 | |
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Earnings recognized from NCM | — | | | — | | | (23.1 | ) | | — | | | — | | | (23.1 | ) |
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Other, net | (131.0 | ) | | (165.4 | ) | | (58.0 | ) | | — | | | 353.6 | | | (0.8 | ) |
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TOTAL OTHER EXPENSE (INCOME), NET | (94.2 | ) | | (103.9 | ) | | (77.0 | ) | | 0.4 | | | 353.6 | | | 78.9 | |
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INCOME BEFORE INCOME TAXES | 93.5 | | | 103.9 | | | 314.2 | | | 13.1 | | | (351.4 | ) | | 173.3 | |
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PROVISION FOR (BENEFIT FROM) INCOME TAXES | (13.9 | ) | | (24.6 | ) | | 99 | | | 5.4 | | | — | | | 65.9 | |
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NET INCOME | 107.4 | | | 128.5 | | | 215.2 | | | 7.7 | | | (351.4 | ) | | 107.4 | |
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NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTEREST, NET OF TAX | — | | | — | | | 0.1 | | | — | | | — | | | 0.1 | |
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NET INCOME ATTRIBUTABLE TO CONTROLLING INTEREST | $ | 107.4 | | | $ | 128.5 | | | $ | 215.3 | | | $ | 7.7 | | | $ | (351.4 | ) | | $ | 107.5 | |
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UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME INFORMATION |
QUARTER ENDED SEPTEMBER 26, 2013 |
(in millions) |
|
| | | | | | | | | | | | | | | | | | | | | | | |
| REG Parent | | RCC Parent | | Subsidiary | | Subsidiary | | Consolidating | | Consolidated |
Company | Company | Guarantors | Non- | Adjustments |
| | | Guarantors | |
NET INCOME | $ | 75 | | | $ | 81.5 | | | $ | 139.9 | | | $ | 6 | | | $ | (227.3 | ) | | $ | 75.1 | |
|
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX: | | | | | | | | | | | | |
|
Change in fair value of interest rate swap transactions | (0.3 | ) | | (0.3 | ) | | — | | | — | | | 0.3 | | | (0.3 | ) |
|
Change in fair value of available for sale securities | (3.2 | ) | | (3.2 | ) | | (3.2 | ) | | — | | | 6.4 | | | (3.2 | ) |
|
Change in fair value of equity method investee interest rate swap transactions | (0.4 | ) | | (0.4 | ) | | (0.4 | ) | | — | | | 0.8 | | | (0.4 | ) |
|
TOTAL OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX | (3.9 | ) | | (3.9 | ) | | (3.6 | ) | | — | | | 7.5 | | | (3.9 | ) |
|
TOTAL COMPREHENSIVE INCOME, NET OF TAX | 71.1 | | | 77.6 | | | 136.3 | | | 6 | | | (219.8 | ) | | 71.2 | |
|
Comprehensive loss attributable to noncontrolling interest, net of tax | — | | | — | | | — | | | — | | | — | | | — | |
|
COMPREHENSIVE INCOME ATTRIBUTABLE TO CONTROLLING INTEREST | $ | 71.1 | | | $ | 77.6 | | | $ | 136.3 | | | $ | 6 | | | $ | (219.8 | ) | | $ | 71.2 | |
|
UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME INFORMATION |
QUARTER ENDED SEPTEMBER 27, 2012 |
(in millions) |
|
| | | | | | | | | | | | | | | | | | | | | | | |
| REG Parent | | RCC Parent | | Subsidiary | | Subsidiary | | Consolidating | | Consolidated |
Company | Company | Guarantors | Non- | Adjustments |
| | | Guarantors | |
NET INCOME | $ | 23.9 | | | $ | 31.1 | | | $ | 57.6 | | | $ | 2.7 | | | $ | (91.4 | ) | | $ | 23.9 | |
|
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX: | | | | | | | | | | | | |
|
Change in fair value of interest rate swap transactions | 0.2 | | | 0.2 | | | — | | | — | | | (0.2 | ) | | 0.2 | |
|
Change in fair value of available for sale securities | (4.2 | ) | | (4.2 | ) | | (4.2 | ) | | — | | | 8.4 | | | (4.2 | ) |
|
TOTAL OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX | (4.0 | ) | | (4.0 | ) | | (4.2 | ) | | — | | | 8.2 | | | (4.0 | ) |
|
TOTAL COMPREHENSIVE INCOME, NET OF TAX | 19.9 | | | 27.1 | | | 53.4 | | | 2.7 | | | (83.2 | ) | | 19.9 | |
|
Comprehensive loss attributable to noncontrolling interest, net of tax | — | | | — | | | 0.1 | | | — | | | — | | | 0.1 | |
|
COMPREHENSIVE INCOME ATTRIBUTABLE TO CONTROLLING INTEREST | $ | 19.9 | | | $ | 27.1 | | | $ | 53.5 | | | $ | 2.7 | | | $ | (83.2 | ) | | $ | 20 | |
|
|
UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME INFORMATION |
THREE QUARTERS ENDED SEPTEMBER 26, 2013 |
(in millions) |
|
| | | | | | | | | | | | | | | | | | | | | | | |
| REG Parent | | RCC Parent | | Subsidiary | | Subsidiary | | Consolidating | | Consolidated |
Company | Company | Guarantors | Non- | Adjustments |
| | | Guarantors | |
NET INCOME | $ | 133.7 | | | $ | 173.4 | | | $ | 306.8 | | | $ | 12.6 | | | $ | (492.9 | ) | | $ | 133.6 | |
|
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX: | | | | | | | | | | | | |
|
Change in fair value of interest rate swap transactions | 1.7 | | | 1.7 | | | — | | | — | | | (1.7 | ) | | 1.7 | |
|
Change in fair value of available for sale securities | (1.2 | ) | | (1.2 | ) | | (1.2 | ) | | — | | | 2.4 | | | (1.2 | ) |
|
Reclassification adjustment for gain on sale of available for sale securities recognized in net income | (1.2 | ) | | (1.2 | ) | | (1.2 | ) | | — | | | 2.4 | | | (1.2 | ) |
|
Change in fair value of equity method investee interest rate swap transactions | 1.1 | | | 1.1 | | | 1.1 | | | — | | | (2.2 | ) | | 1.1 | |
|
TOTAL OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX | 0.4 | | | 0.4 | | | (1.3 | ) | | — | | | 0.9 | | | 0.4 | |
|
TOTAL COMPREHENSIVE INCOME, NET OF TAX | 134.1 | | | 173.8 | | | 305.5 | | | 12.6 | | | (492.0 | ) | | 134 | |
|
Comprehensive loss attributable to noncontrolling interest, net of tax | — | | | — | | | 0.1 | | | — | | | — | | | 0.1 | |
|
COMPREHENSIVE INCOME ATTRIBUTABLE TO CONTROLLING INTEREST | $ | 134.1 | | | $ | 173.8 | | | $ | 305.6 | | | $ | 12.6 | | | $ | (492.0 | ) | | $ | 134.1 | |
|
UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME INFORMATION |
THREE QUARTERS ENDED SEPTEMBER 27, 2012 |
(in millions) |
|
| | | | | | | | | | | | | | | | | | | | | | | |
| REG Parent | | RCC Parent | | Subsidiary | | Subsidiary | | Consolidating | | Consolidated |
Company | Company | Guarantors | Non- | Adjustments |
| | | Guarantors | |
NET INCOME | $ | 107.4 | | | $ | 128.5 | | | $ | 215.2 | | | $ | 7.7 | | | $ | (351.4 | ) | | $ | 107.4 | |
|
OTHER COMPREHENSIVE INCOME, NET OF TAX: | | | | | | | | | | | | |
|
Change in fair value of interest rate swap transactions | 2.5 | | | 2.5 | | | — | | | — | | | (2.5 | ) | | 2.5 | |
|
Change in fair value of available for sale securities | 0.7 | | | 0.7 | | | 0.7 | | | — | | | (1.4 | ) | | 0.7 | |
|
TOTAL OTHER COMPREHENSIVE INCOME, NET OF TAX | 3.2 | | | 3.2 | | | 0.7 | | | — | | | (3.9 | ) | | 3.2 | |
|
TOTAL COMPREHENSIVE INCOME, NET OF TAX | 110.6 | | | 131.7 | | | 215.9 | | | 7.7 | | | (355.3 | ) | | 110.6 | |
|
Comprehensive loss attributable to noncontrolling interest, net of tax | — | | | — | | | 0.1 | | | — | | | — | | | 0.1 | |
|
COMPREHENSIVE INCOME ATTRIBUTABLE TO CONTROLLING INTEREST | $ | 110.6 | | | $ | 131.7 | | | $ | 216 | | | $ | 7.7 | | | $ | (355.3 | ) | | $ | 110.7 | |
|
UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS INFORMATION |
THREE QUARTERS ENDED SEPTEMBER 26, 2013 |
(in millions) |
|
| | | | | | | | | | | | | | | | | | | | | | | |
| REG Parent | | RCC Parent | | Subsidiary | | Subsidiary | | Consolidating | | Consolidated |
Company | Company | Guarantors | Non- | Adjustments |
| | | Guarantors | |
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES | $ | 69.1 | | | $ | — | | | $ | 165.1 | | | $ | 21.4 | | | $ | — | | | $ | 255.6 | |
|
Cash Flows from Investing Activities: | | | | | | | | | | | | |
|
Capital expenditures | — | | | — | | | (64.5 | ) | | (5.6 | ) | | — | | | (70.1 | ) |
|
Proceeds from disposition of assets | | | | — | | | 6.6 | | | 0.1 | | | — | | | 6.7 | |
|
Proceeds from sale of NCM, Inc. common stock | — | | | — | | | 40.9 | | | — | | | — | | | 40.9 | |
|
Investment in non-consolidated entities and other | — | | | — | | | (5.3 | ) | | — | | | — | | | (5.3 | ) |
|
Cash used for acquisition, net of cash acquired | (194.4 | ) | | — | | | — | | | — | | | — | | | (194.4 | ) |
|
Proceeds from sale of available for sale securities | — | | | — | | | 5.9 | | | — | | | — | | | 5.9 | |
|
NET CASH USED IN INVESTING ACTIVITIES | (194.4 | ) | | — | | | (16.4 | ) | | (5.5 | ) | | — | | | (216.3 | ) |
|
Cash Flows from Financing Activities: | | | | | | | | | | | | | | | | | |
|
Cash used to pay dividends | (99.5 | ) | | — | | | — | | | — | | | — | | | (99.5 | ) |
|
Cash received (paid) to/from REG Parent Company | (14.0 | ) | | 14 | | | — | | | — | | | — | | | — | |
|
Cash received (paid) to/from subsidiary | — | | | (14.0 | ) | | 14 | | | — | | | — | | | — | |
|
Proceeds from issuance of Regal 53/4% Senior Notes Due 2025 | 250 | | | — | | | — | | | — | | | — | | | 250 | |
|
Proceeds from issuance of Regal 53/4% Senior Notes Due 2023 | 250 | | | — | | | — | | | — | | | — | | | 250 | |
|
Cash used to repurchase Regal 91/8% Senior Notes | (244.3 | ) | | — | | | — | | | — | | | — | | | (244.3 | ) |
|
Payments on long-term obligations | (3.1 | ) | | — | | | (15.1 | ) | | — | | | — | | | (18.2 | ) |
|
Payment of debt acquisition costs | (10.7 | ) | | — | | | (2.8 | ) | | — | | | — | | | (13.5 | ) |
|
Proceeds from stock option exercises and other | 1.3 | | | — | | | — | | | — | | | — | | | 1.3 | |
|
Cash paid for tax withholdings | (4.4 | ) | | — | | | — | | | — | | | — | | | (4.4 | ) |
|
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES | 125.3 | | | — | | | (3.9 | ) | | — | | | — | | | 121.4 | |
|
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | — | | | — | | | 144.8 | | | 15.9 | | | — | | | 160.7 | |
|
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD | — | | | — | | | 53.8 | | | 55.7 | | | — | | | 109.5 | |
|
CASH AND CASH EQUIVALENTS AT END OF PERIOD | $ | — | | | $ | — | | | $ | 198.6 | | | $ | 71.6 | | | $ | — | | | $ | 270.2 | |
|
UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS INFORMATION |
THREE QUARTERS ENDED SEPTEMBER 27, 2012 |
(in millions) |
|
| | | | | | | | | | | | | | | | | | | | | | | |
| REG Parent | | RCC Parent | | Subsidiary | | Subsidiary | | Consolidating | | Consolidated |
Company | Company | Guarantors | Non-Guarantors | Adjustments |
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES | $ | (47.1 | ) | | $ | — | | | $ | 228.3 | | | $ | 0.5 | | | $ | — | | | $ | 181.7 | |
|
Cash Flows from Investing Activities: | | | | | | | | | | | | |
|
Capital expenditures | — | | | — | | | (57.6 | ) | | (5.5 | ) | | — | | | (63.1 | ) |
|
Proceeds from disposition of assets | — | | | — | | | 1.1 | | | — | | | — | | | 1.1 | |
|
Investment in non-consolidated entities and other | — | | | — | | | (7.1 | ) | | — | | | — | | | (7.1 | ) |
|
NET CASH USED IN INVESTING ACTIVITIES | — | | | — | | | (63.6 | ) | | (5.5 | ) | | — | | | (69.1 | ) |
|
Cash Flows from Financing Activities: | | | | | | | | | | | | | | | | | |
|
Cash used to pay dividends | (99.2 | ) | | — | | | — | | | — | | | — | | | (99.2 | ) |
|
Cash received (paid) to/from REG Parent Company | 147.1 | | | (147.1 | ) | | — | | | — | | | — | | | — | |
|
Cash received (paid) to/from subsidiary | — | | | 147.1 | | | (147.1 | ) | | — | | | — | | | — | |
|
Payments on long-term obligations | (1.8 | ) | | — | | | (14.2 | ) | | — | | | — | | | (16.0 | ) |
|
Cash paid for tax withholdings | (1.7 | ) | | — | | | — | | | — | | | — | | | (1.7 | ) |
|
Proceeds from stock option exercises and other | 2.7 | | | — | | | — | | | — | | | — | | | 2.7 | |
|
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES | 47.1 | | | — | | | (161.3 | ) | | — | | | — | | | (114.2 | ) |
|
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | — | | | — | | | 3.4 | | | (5.0 | ) | | — | | | (1.6 | ) |
|
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD | — | | | — | | | 197.5 | | | 55.5 | | | — | | | 253 | |
|
CASH AND CASH EQUIVALENTS AT END OF PERIOD | $ | — | | | $ | — | | | $ | 200.9 | | | $ | 50.5 | | | $ | — | | | $ | 251.4 | |
|
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