Consolidating Guarantor and Non-Guarantor Financial Information (Tables) | 12 Months Ended |
Sep. 30, 2013 |
Consolidating Guarantor And Non-Guarantor Financial Information [Abstract] | ' |
Schedule Of Guarantor Companies | ' |
The following information is included as a result of the guarantee by certain of our wholly-owned U.S. subsidiaries (“Guarantor Companies”) of the Senior Unsecured Notes and the Senior Subordinated Notes. None of our other subsidiaries guarantee the Senior Unsecured Notes and the Senior Subordinated Notes. Each of the guarantees is joint and several and full and unconditional. Guarantor Companies are listed below. |
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Name | | State of | | | | | | | | | | | | | | | | | |
incorporation | | | | | | | | | | | | | | | | | |
or organization | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | |
Anvil International, LLC | | Delaware | | | | | | | | | | | | | | | | | |
Echologics, LLC | | Delaware | | | | | | | | | | | | | | | | | |
Henry Pratt Company, LLC | | Delaware | | | | | | | | | | | | | | | | | |
Henry Pratt International, LLC | | Delaware | | | | | | | | | | | | | | | | | |
Hydro Gate, LLC | | Delaware | | | | | | | | | | | | | | | | | |
J.B. Smith Mfg. Co., LLC | | Delaware | | | | | | | | | | | | | | | | | |
James Jones Company, LLC | | Delaware | | | | | | | | | | | | | | | | | |
Milliken Valve, LLC | | Delaware | | | | | | | | | | | | | | | | | |
Mueller Co. LLC | | Delaware | | | | | | | | | | | | | | | | | |
Mueller Group, LLC | | Delaware | | | | | | | | | | | | | | | | | |
Mueller Group Co-Issuer, Inc. | | Delaware | | | | | | | | | | | | | | | | | |
Mueller International, L.L.C. | | Delaware | | | | | | | | | | | | | | | | | |
Mueller Property Holdings, LLC | | Delaware | | | | | | | | | | | | | | | | | |
Mueller Co. International Holdings, LLC | | Delaware | | | | | | | | | | | | | | | | | |
Mueller Service California, Inc. | | Delaware | | | | | | | | | | | | | | | | | |
Mueller Service Co., LLC | | Delaware | | | | | | | | | | | | | | | | | |
Mueller Systems, LLC | | Delaware | | | | | | | | | | | | | | | | | |
OSP, LLC | | Delaware | | | | | | | | | | | | | | | | | |
U.S. Pipe Valve & Hydrant, LLC | | Delaware | | | | | | | | | | | | | | | | | |
Schedule Of Consolidating Balance Sheet | ' |
Mueller Water Products, Inc. and Subsidiaries |
Consolidating Balance Sheet |
30-Sep-13 |
|
| | | | | | | | | | | | | | | | | | | |
| Issuer | | Guarantor | | Non- | | Eliminations | | Total |
companies | guarantor |
| companies |
| | | | | (in millions) | | | | |
Assets: | | | | | | | | | |
Cash and cash equivalents | $ | 86.6 | | | $ | (2.3 | ) | | $ | 39.3 | | | $ | — | | | $ | 123.6 | |
|
Receivables, net | 0.1 | | | 150.4 | | | 14 | | | — | | | 164.5 | |
|
Inventories | — | | | 195.3 | | | 13.2 | | | — | | | 208.5 | |
|
Deferred income taxes | 26.3 | | | — | | | 0.4 | | | — | | | 26.7 | |
|
Other current assets | 18.2 | | | 25.7 | | | 2.2 | | | — | | | 46.1 | |
|
Total current assets | 131.2 | | | 369.1 | | | 69.1 | | | — | | | 569.4 | |
|
Intercompany accounts | 882.7 | | | — | | | — | | | (882.7 | ) | | — | |
|
Property, plant and equipment | 1.5 | | | 132 | | | 8.4 | | | — | | | 141.9 | |
|
Identifiable intangible assets | — | | | 551.3 | | | 1.8 | | | — | | | 553.1 | |
|
Other noncurrent assets | 16 | | | 0.2 | | | 1.3 | | | — | | | 17.5 | |
|
Investment in subsidiaries | 155.2 | | | 39.2 | | | — | | | (194.4 | ) | | — | |
|
Total assets | $ | 1,186.60 | | | $ | 1,091.80 | | | $ | 80.6 | | | $ | (1,077.1 | ) | | $ | 1,281.90 | |
|
Liabilities and stockholders' equity: | | | | | | | | | |
Current portion of long-term debt | $ | — | | | $ | 1.3 | | | $ | — | | | $ | — | | | $ | 1.3 | |
|
Accounts payable | 4.6 | | | 90 | | | 6.6 | | | — | | | 101.2 | |
|
Other current liabilities | 29.7 | | | 46.6 | | | 4.3 | | | — | | | 80.6 | |
|
Total current liabilities | 34.3 | | | 137.9 | | | 10.9 | | | — | | | 183.1 | |
|
Long-term debt | 598 | | | 1.5 | | | — | | | — | | | 599.5 | |
|
Deferred income taxes | 140.9 | | | — | | | 0.6 | | | — | | | 141.5 | |
|
Other noncurrent liabilities | 21.3 | | | 7.5 | | | 0.8 | | | — | | | 29.6 | |
|
Intercompany accounts | 63.9 | | | 789.7 | | | 29.1 | | | (882.7 | ) | | — | |
|
Total liabilities | 858.4 | | | 936.6 | | | 41.4 | | | (882.7 | ) | | 953.7 | |
|
Stockholders' equity | 328.2 | | | 155.2 | | | 39.2 | | | (194.4 | ) | | 328.2 | |
|
Total liabilities and stockholders' equity | $ | 1,186.60 | | | $ | 1,091.80 | | | $ | 80.6 | | | $ | (1,077.1 | ) | | $ | 1,281.90 | |
|
Mueller Water Products, Inc. and Subsidiaries |
Consolidating Balance Sheet |
30-Sep-12 |
|
| | | | | | | | | | | | | | | | | | | |
| Issuer | | Guarantor | | Non- | | Eliminations | | Total |
companies | guarantor |
| companies |
| | | | | (in millions) | | | | |
Assets: | | | | | | | | | |
Cash and cash equivalents | $ | 53.3 | | | $ | (3.7 | ) | | $ | 33.4 | | | $ | — | | | $ | 83 | |
|
Receivables, net | — | | | 146.9 | | | 19.2 | | | — | | | 166.1 | |
|
Inventories | — | | | 169.3 | | | 13.9 | | | — | | | 183.2 | |
|
Deferred income taxes | 18.5 | | | — | | | 1.1 | | | — | | | 19.6 | |
|
Other current assets | 10.5 | | | 26.3 | | | 1.2 | | | — | | | 38 | |
|
Total current assets | 82.3 | | | 338.8 | | | 68.8 | | | — | | | 489.9 | |
|
Intercompany accounts | 956.7 | | | — | | | — | | | (956.7 | ) | | — | |
|
Property, plant and equipment | 1.8 | | | 127.4 | | | 8.7 | | | — | | | 137.9 | |
|
Identifiable intangible assets | — | | | 579 | | | 1.5 | | | — | | | 580.5 | |
|
Other noncurrent assets | 30.5 | | | 0.7 | | | 1.4 | | | — | | | 32.6 | |
|
Investment in subsidiaries | 27.2 | | | 37.9 | | | — | | | (65.1 | ) | | — | |
|
Total assets | $ | 1,098.50 | | | $ | 1,083.80 | | | $ | 80.4 | | | $ | (1,021.8 | ) | | $ | 1,240.90 | |
|
Liabilities and stockholders' equity: | | | | | | | | | |
Current portion of long-term debt | $ | — | | | $ | 1.1 | | | $ | — | | | $ | — | | | $ | 1.1 | |
|
Accounts payable | 8.3 | | | 68.7 | | | 7.5 | | | — | | | 84.5 | |
|
Other current liabilities | 29.9 | | | 49 | | | 3.9 | | | — | | | 82.8 | |
|
Total current liabilities | 38.2 | | | 118.8 | | | 11.4 | | | — | | | 168.4 | |
|
Long-term debt | 619.9 | | | 1.8 | | | — | | | — | | | 621.7 | |
|
Deferred income taxes | 132 | | | — | | | 0.8 | | | — | | | 132.8 | |
|
Other noncurrent liabilities | 77.2 | | | 7.6 | | | 2 | | | — | | | 86.8 | |
|
Intercompany accounts | — | | | 928.4 | | | 28.3 | | | (956.7 | ) | | — | |
|
Total liabilities | 867.3 | | | 1,056.60 | | | 42.5 | | | (956.7 | ) | | 1,009.70 | |
|
Stockholders' equity | 231.2 | | | 27.2 | | | 37.9 | | | (65.1 | ) | | 231.2 | |
|
Total liabilities and stockholders' equity | $ | 1,098.50 | | | $ | 1,083.80 | | | $ | 80.4 | | | $ | (1,021.8 | ) | | $ | 1,240.90 | |
|
Schedule Of Consolidating Statement Of Operations | ' |
Mueller Water Products, Inc. and Subsidiaries |
Consolidating Statement of Operations |
Year Ended September 30, 2013 |
|
| | | | | | | | | | | | | | | | | | | |
| Issuer | | Guarantor | | Non- | | Eliminations | | Total |
companies | guarantor |
| companies |
| | | | | (in millions) | | | | |
Net sales | $ | — | | | $ | 1,005.90 | | | $ | 114.9 | | | $ | — | | | $ | 1,120.80 | |
|
Cost of sales | — | | | 708.6 | | | 99 | | | — | | | 807.6 | |
|
Gross profit | — | | | 297.3 | | | 15.9 | | | — | | | 313.2 | |
|
Operating expenses: | | | | | | | | | |
Selling, general and administrative | 34 | | | 168.2 | | | 12.2 | | | — | | | 214.4 | |
|
Restructuring | — | | | 1.4 | | | 0.1 | | | — | | | 1.5 | |
|
Total operating expenses | 34 | | | 169.6 | | | 12.3 | | | — | | | 215.9 | |
|
Operating income (loss) | (34.0 | ) | | 127.7 | | | 3.6 | | | — | | | 97.3 | |
|
Interest expense, net | 51.6 | | | 0.3 | | | (0.2 | ) | | — | | | 51.7 | |
|
Loss on early extinguishment of debt | 1.4 | | | — | | | — | | | — | | | 1.4 | |
|
Income (loss) before income taxes | (87.0 | ) | | 127.4 | | | 3.8 | | | — | | | 44.2 | |
|
Income tax expense (benefit) | (17.3 | ) | | 25.5 | | | 0.6 | | | — | | | 8.8 | |
|
Equity in income of subsidiaries | 105.1 | | | 3.2 | | | — | | | (108.3 | ) | | — | |
|
Income from continuing operations | 35.4 | | | 105.1 | | | 3.2 | | | (108.3 | ) | | 35.4 | |
|
Income from discontinued operations, net of tax | 5.4 | | | — | | | — | | | — | | | 5.4 | |
|
Net income | $ | 40.8 | | | $ | 105.1 | | | $ | 3.2 | | | $ | (108.3 | ) | | $ | 40.8 | |
|
Mueller Water Products, Inc. and Subsidiaries |
Consolidating Statement of Operations |
Year Ended September 30, 2012 |
|
| | | | | | | | | | | | | | | | | | | |
| Issuer | | Guarantor | | Non- | | Eliminations | | Total |
companies | guarantor |
| companies |
| | | | | (in millions) | | | | |
Net sales | $ | — | | | $ | 907 | | | $ | 116.9 | | | $ | — | | | $ | 1,023.90 | |
|
Cost of sales | — | | | 652.1 | | | 100.7 | | | — | | | 752.8 | |
|
Gross profit | — | | | 254.9 | | | 16.2 | | | — | | | 271.1 | |
|
Operating expenses: | | | | | | | | | |
Selling, general and administrative | 30.6 | | | 160.2 | | | 13.4 | | | — | | | 204.2 | |
|
Restructuring | — | | | 2.7 | | | 0.1 | | | — | | | 2.8 | |
|
Total operating expenses | 30.6 | | | 162.9 | | | 13.5 | | | — | | | 207 | |
|
Operating income (loss) | (30.6 | ) | | 92 | | | 2.7 | | | — | | | 64.1 | |
|
Interest expense (income), net | 60 | | | 0.2 | | | (0.3 | ) | | — | | | 59.9 | |
|
Loss on early extinguishment of debt | 1.5 | | | — | | | — | | | — | | | 1.5 | |
|
Income (loss) before income taxes | (92.1 | ) | | 91.8 | | | 3 | | | — | | | 2.7 | |
|
Income tax expense (benefit) | (28.3 | ) | | 35.6 | | | 0.6 | | | — | | | 7.9 | |
|
Equity in income of subsidiaries | 58.6 | | | 2.4 | | | — | | | (61.0 | ) | | — | |
|
Income (loss) from continuing operations | (5.2 | ) | | 58.6 | | | 2.4 | | | (61.0 | ) | | (5.2 | ) |
|
Loss from discontinued operations, net of tax | (103.2 | ) | | — | | | — | | | — | | | (103.2 | ) |
|
Net income (loss) | $ | (108.4 | ) | | $ | 58.6 | | | $ | 2.4 | | | $ | (61.0 | ) | | $ | (108.4 | ) |
|
Mueller Water Products, Inc. and Subsidiaries |
Consolidating Statement of Operations |
Year Ended September 30, 2011 |
|
| | | | | | | | | | | | | | | | | | | |
| Issuer | | Guarantor | | Non- | | Eliminations | | Total |
companies | guarantor |
| companies |
| | | | | (in millions) | | | | |
Net sales | $ | — | | | $ | 844.9 | | | $ | 119.7 | | | $ | — | | | $ | 964.6 | |
|
Cost of sales | (0.1 | ) | | 613.8 | | | 102.8 | | | — | | | 716.5 | |
|
Gross profit | 0.1 | | | 231.1 | | | 16.9 | | | — | | | 248.1 | |
|
Operating expenses: | | | | | | | | | |
Selling, general and administrative | 31.1 | | | 147 | | | 13.7 | | | — | | | 191.8 | |
|
Restructuring | 1 | | | 2.2 | | | 0.4 | | | — | | | 3.6 | |
|
Total operating expenses | 32.1 | | | 149.2 | | | 14.1 | | | — | | | 195.4 | |
|
Operating income | (32.0 | ) | | 81.9 | | | 2.8 | | | — | | | 52.7 | |
|
Interest expense, net | 65.6 | | | — | | | — | | | — | | | 65.6 | |
|
Income (loss) before income taxes | (97.6 | ) | | 81.9 | | | 2.8 | | | — | | | (12.9 | ) |
|
Income tax expense (benefit) | (34.4 | ) | | 30.6 | | | 0.9 | | | — | | | (2.9 | ) |
|
Equity in income of subsidiaries | 53.2 | | | 1.9 | | | — | | | (55.1 | ) | | — | |
|
Income (loss) from continuing operations | (10.0 | ) | | 53.2 | | | 1.9 | | | (55.1 | ) | | (10.0 | ) |
|
Loss from discontinued operations, net of tax | (28.1 | ) | | — | | | — | | | — | | | (28.1 | ) |
|
Net income (loss) | $ | (38.1 | ) | | $ | 53.2 | | | $ | 1.9 | | | $ | (55.1 | ) | | $ | (38.1 | ) |
|
Schedule Of Consolidating Statement Of Other Comprehensive Income [Table Text Block] | ' |
Mueller Water Products, Inc. and Subsidiaries |
Consolidating Statement of Comprehensive Income |
Year Ended September 30, 2013 |
|
| | | | | | | | | | | | | | | | | | | |
| Issuer | | Guarantor | | Non- | | Eliminations | | Total |
companies | guarantor |
| companies |
| | | | | (in millions) | | | | |
Net income | $ | 40.8 | | | $ | 105.1 | | | $ | 3.2 | | | $ | (108.3 | ) | | $ | 40.8 | |
|
Other comprehensive income (loss): | | | | | | | | | |
Minimum pension liability, net of tax | 61.5 | | | — | | | — | | | — | | | 61.5 | |
|
Equity in other comprehensive loss of subsidiaries | (2.4 | ) | | (2.4 | ) | | — | | | 4.8 | | | — | |
|
Foreign currency translation | — | | | — | | | (2.4 | ) | | — | | | (2.4 | ) |
|
| 59.1 | | | (2.4 | ) | | (2.4 | ) | | 4.8 | | | 59.1 | |
|
Comprehensive income | $ | 99.9 | | | $ | 102.7 | | | $ | 0.8 | | | $ | (103.5 | ) | | $ | 99.9 | |
|
Mueller Water Products, Inc. and Subsidiaries |
Consolidating Statement of Comprehensive Income (Loss) |
Year Ended September 30, 2012 |
|
| | | | | | | | | | | | | | | | | | | |
| Issuer | | Guarantor | | Non- | | Eliminations | | Total |
companies | guarantor |
| companies |
| | | | | (in millions) | | | | |
Net income (loss) | $ | (108.4 | ) | | $ | 58.6 | | | $ | 2.4 | | | $ | (61.0 | ) | | $ | (108.4 | ) |
|
Other comprehensive income (loss): | | | | | | | | | |
Minimum pension liability, net of tax | (39.4 | ) | | — | | | — | | | — | | | (39.4 | ) |
|
Interest rate swap contracts, net of tax | 3 | | | — | | | — | | | — | | | 3 | |
|
Equity in other comprehensive income of subsidiaries | 2.9 | | | 2.9 | | | — | | | (5.8 | ) | | — | |
|
Foreign currency translation | — | | | — | | | 2.9 | | | — | | | 2.9 | |
|
| (33.5 | ) | | 2.9 | | | 2.9 | | | (5.8 | ) | | (33.5 | ) |
|
Comprehensive income (loss) | $ | (141.9 | ) | | $ | 61.5 | | | $ | 5.3 | | | $ | (66.8 | ) | | $ | (141.9 | ) |
|
Mueller Water Products, Inc. and Subsidiaries |
Consolidating Statement of Comprehensive Income (Loss) |
Year Ended September 30, 2011 |
|
| | | | | | | | | | | | | | | | | | | |
| Issuer | | Guarantor | | Non- | | Eliminations | | Total |
companies | guarantor |
| companies |
| | | | | (in millions) | | | | |
Net income (loss) | $ | (38.1 | ) | | $ | 53.2 | | | $ | 1.9 | | | $ | (55.1 | ) | | $ | (38.1 | ) |
|
Other comprehensive income (loss): | | | | | | | | | |
Minimum pension liability, net of tax | 12.2 | | | — | | | — | | | — | | | 12.2 | |
|
Interest rate swap contracts, net of tax | 4.9 | | | — | | | — | | | — | | | 4.9 | |
|
Equity in other comprehensive loss of subsidiaries | (1.1 | ) | | (1.1 | ) | | — | | | 2.2 | | | — | |
|
Foreign currency translation | — | | | — | | | (1.1 | ) | | — | | | (1.1 | ) |
|
| 16 | | | (1.1 | ) | | (1.1 | ) | | 2.2 | | | 16 | |
|
Comprehensive income (loss) | $ | (22.1 | ) | | $ | 52.1 | | | $ | 0.8 | | | $ | (52.9 | ) | | $ | (22.1 | ) |
|
Schedule Of Consolidating Statement Of Cash Flow | ' |
Mueller Water Products, Inc. and Subsidiaries |
Consolidating Statement of Cash Flows |
Year Ended September 30, 2013 |
|
| | | | | | | | | | | | | | | | | | | |
| Issuer | | Guarantor | | Non- | | Eliminations | | Total |
companies | guarantor |
| companies |
| | | | | (in millions) | | | | |
Operating activities: | | | | | | | | | |
Net cash provided by operating activities from continuing operations | $ | 67.2 | | | $ | 37.9 | | | $ | 9 | | | $ | — | | | $ | 114.1 | |
|
Investing activities: | | | | | | | | | |
Capital expenditures | (0.2 | ) | | (33.5 | ) | | (1.9 | ) | | — | | | (35.6 | ) |
|
Acquisitions, net of cash acquired | — | | | (1.1 | ) | | — | | | — | | | (1.1 | ) |
|
Proceeds from sales of assets | — | | | 0.5 | | | — | | | — | | | 0.5 | |
|
Net cash used in investing activities from continuing operations | (0.2 | ) | | (34.1 | ) | | (1.9 | ) | | — | | | (36.2 | ) |
|
Financing activities: | | | | | | | | | |
Early repayment of debt | (23.2 | ) | | — | | | — | | | — | | | (23.2 | ) |
|
Dividends paid | (11.0 | ) | | — | | | — | | | — | | | (11.0 | ) |
|
Common stock issued | 3.1 | | | — | | | — | | | — | | | 3.1 | |
|
Shares retained for employee taxes | (1.5 | ) | | — | | | — | | | — | | | (1.5 | ) |
|
Payment of deferred financing fees | (0.7 | ) | | — | | | — | | | — | | | (0.7 | ) |
|
Other | — | | | (2.4 | ) | | — | | | — | | | (2.4 | ) |
|
Net cash used in financing activities from continuing operations | (33.3 | ) | | (2.4 | ) | | — | | | — | | | (35.7 | ) |
|
Net cash flows from discontinued operations: | | | | | | | | | |
Operating activities | (4.9 | ) | | — | | | — | | | — | | | (4.9 | ) |
|
Investing activities | 4.5 | | | — | | | — | | | — | | | 4.5 | |
|
Net cash provided by discontinued operations | (0.4 | ) | | — | | | — | | | — | | | (0.4 | ) |
|
Effect of currency exchange rate changes on cash | — | | | — | | | (1.2 | ) | | — | | | (1.2 | ) |
|
Net change in cash and cash equivalents | 33.3 | | | 1.4 | | | 5.9 | | | — | | | 40.6 | |
|
Cash and cash equivalents at beginning of year | 53.3 | | | (3.7 | ) | | 33.4 | | | — | | | 83 | |
|
Cash and cash equivalents at end of year | $ | 86.6 | | | $ | (2.3 | ) | | $ | 39.3 | | | $ | — | | | $ | 123.6 | |
|
Mueller Water Products, Inc. and Subsidiaries |
Consolidating Statement of Cash Flows |
Year Ended September 30, 2012 |
|
| | | | | | | | | | | | | | | | | | | |
| Issuer | | Guarantor | | Non- | | Eliminations | | Total |
companies | guarantor |
| companies |
| | | | | (in millions) | | | | |
Operating activities: | | | | | | | | | |
Net cash provided by operating activities from continuing operations | $ | 40.9 | | | $ | 32.2 | | | $ | 3.7 | | | $ | — | | | $ | 76.8 | |
|
Investing activities: | | | | | | | | | |
Capital expenditures | — | | | (30.5 | ) | | (0.9 | ) | | — | | | (31.4 | ) |
|
Acquisitions, net of cash acquired | — | | | (1.8 | ) | | 0.5 | | | — | | | (1.3 | ) |
|
Proceeds from sales of assets | — | | | 0.3 | | | — | | | — | | | 0.3 | |
|
Net cash used in investing activities from continuing operations | — | | | (32.0 | ) | | (0.4 | ) | | — | | | (32.4 | ) |
|
Financing activities: | | | | | | | | | |
Debt paid | (34.0 | ) | | — | | | — | | | — | | | (34.0 | ) |
|
Early repayment of debt | (23.2 | ) | | — | | | — | | | — | | | (23.2 | ) |
|
Dividends paid | (11.0 | ) | | — | | | — | | | — | | | (11.0 | ) |
|
Common stock issued | 0.7 | | | — | | | — | | | — | | | 0.7 | |
|
Shares retained for employee taxes | (0.5 | ) | | — | | | — | | | — | | | (0.5 | ) |
|
Other | — | | | (0.1 | ) | | — | | | — | | | (0.1 | ) |
|
Net cash used in financing activities from continuing operations | (68.0 | ) | | (0.1 | ) | | — | | | — | | | (68.1 | ) |
|
Net cash flows from discontinued operations: | | | | | | | | | |
Operating activities | (43.3 | ) | | — | | | — | | | — | | | (43.3 | ) |
|
Investing activities | 87.5 | | | — | | | — | | | — | | | 87.5 | |
|
Net cash provided by discontinued operations | 44.2 | | | — | | | — | | | — | | | 44.2 | |
|
Effect of currency exchange rate changes on cash | — | | | — | | | 1.5 | | | — | | | 1.5 | |
|
Net change in cash and cash equivalents | 17.1 | | | 0.1 | | | 4.8 | | | — | | | 22 | |
|
Cash and cash equivalents at beginning of year | 36.2 | | | (3.8 | ) | | 28.6 | | | — | | | 61 | |
|
Cash and cash equivalents at end of year | $ | 53.3 | | | $ | (3.7 | ) | | $ | 33.4 | | | $ | — | | | $ | 83 | |
|
Mueller Water Products, Inc. and Subsidiaries |
Consolidating Statement of Cash Flows |
Year Ended September 30, 2011 |
|
| | | | | | | | | | | | | | | | | | | |
| Issuer | | Guarantor | | Non- | | Eliminations | | Total |
companies | guarantor |
| companies |
| | | | | (in millions) | | | | |
Operating activities: | | | | | | | | | |
Net cash provided by operating activities from continuing operations | $ | 31.6 | | | $ | 17.9 | | | $ | 2.6 | | | $ | — | | | $ | 52.1 | |
|
Investing activities: | | | | | | | | | |
Capital expenditures | (0.8 | ) | | (21.8 | ) | | (0.5 | ) | | — | | | (23.1 | ) |
|
Acquisitions, net of cash acquired | — | | | (1.3 | ) | | (7.9 | ) | | — | | | (9.2 | ) |
|
Proceeds from sales of assets | — | | | 1.1 | | | — | | | — | | | 1.1 | |
|
Net cash used in investing activities from continuing operations | (0.8 | ) | | (22.0 | ) | | (8.4 | ) | | — | | | (31.2 | ) |
|
Financing activities: | | | | | | | | | |
Debt paid | (15.0 | ) | | — | | | — | | | — | | | (15.0 | ) |
|
Common stock | 1.3 | | | — | | | — | | | — | | | 1.3 | |
|
Shares retained for employee taxes | (0.3 | ) | | — | | | — | | | — | | | (0.3 | ) |
|
Dividends paid | (10.9 | ) | | — | | | — | | | — | | | (10.9 | ) |
|
Payment of deferred financing fees | (0.4 | ) | | — | | | — | | | — | | | (0.4 | ) |
|
Other | — | | | 2.4 | | | — | | | — | | | 2.4 | |
|
Net cash provided by (used in) financing activities from continuing operations | (25.3 | ) | | 2.4 | | | — | | | — | | | (22.9 | ) |
|
Net cash flows from discontinued operations: | | | | | | | | | | |
|
Operating activities | (12.2 | ) | | — | | | — | | | — | | | (12.2 | ) |
|
Investing activities | (8.4 | ) | | — | | | — | | | — | | | (8.4 | ) |
|
Net cash used in discontinued operations | (20.6 | ) | | — | | | — | | | — | | | (20.6 | ) |
|
Effect of currency exchange rate changes on cash | — | | | — | | | (0.4 | ) | | — | | | (0.4 | ) |
|
Net change in cash and cash equivalents | (15.1 | ) | | (1.7 | ) | | (6.2 | ) | | — | | | (23.0 | ) |
|
Cash and cash equivalents at beginning of year | 51.3 | | | (2.1 | ) | | 34.8 | | | — | | | 84 | |
|
Cash and cash equivalents at end of year | $ | 36.2 | | | $ | (3.8 | ) | | $ | 28.6 | | | $ | — | | | $ | 61 | |
|
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