Supplemental Guarantor Financial Information | 19 . Supplemental Guarantor Financial Information The Senior Notes and Senior Secured Notes issue d by Infor (US), Inc. are fully and unconditionally guaranteed, except for certain customary automatic release provisions, jointly and severally, by Infor, Inc., its parent company, and substantially all of its existing and future wholly-owned domestic subsidiaries (collectively the Guarantor Subsidiaries). See Note 1 2 , Debt . Its other subsidiaries (collectively, the Non-Guarantor Subsidiaries) are not guarantors of our borrowings. The indenture s governing the Senior N otes and Senior Secured Notes limit, among other things, the ability of Infor, Inc. and the Guarantor Subsidiaries to incur additional indebtedness; declare or pay dividends; redeem stock or make other distributions to stockholders; make investments; create liens or use assets as security in other transactions; merge or consolidate, or sell, transfer, lease or dispose of substantially all of our assets; enter into transactions with affiliates; and sell or transfer certain assets . The following tables set forth requisite financial information of Infor, Inc., Infor (US), Inc., the Guarantor Subsidiaries and Non-Guarantor Subsidiaries including our Condensed Consolidating Balance Sheets as of January 31, 2018 and April 30, 2017 , our Condensed Consolidating Statements of Operations , o ur Condensed Consolidating Statements of Comprehensive Income (Loss) for our fiscal quarters and nine-month periods ended January 31, 2018 and 2017, and our Condensed Consolidating Statements of Cash Flows for the nine months ended January 31, 2018 and 2017. During the fourth quarter of fiscal 2017, we identified and corrected an error in the manner in which we were classifying amounts related to the Tax Allocation Agreement. Previously, such amounts were presented as a current asset in income tax receivable on our Consolidated Balance Sheets and as an operating activity in our Consolidated Statements of Cash Flows. These amounts are now presented as a decrease in additional paid-in capital and as a financing activity. Presentation in the applicable prior period’s Consolidated Balance Sheets and Consolidating Statements of Cash Flows below has been revised to be consistent with the current period presentation. We have assessed the materiality of these revisions and concluded that they were not material to any of our previously issued financial statements. See Note 1, Nature of Business and Basis of Presentation – Revision of Prior Period Financial Statements. In the second q uarter of fiscal 2018, LogicBlox, which was previously designated as an “Unrestricted Subsidiary”, was designated as a “Restricted Subsidiary” and was subsequently merged into Infor (US), Inc. Accordingly, it is included in the Subsidiary Issuer column retrospectively for all periods presented below. See Note 12 , Debt – Unrestricted Subsidiary . Condensed Consolidating Balance Sheets January 31, 2018 Infor, Inc. Infor (US), Inc. Guarantor Non-Guarantor Total (in millions) (Parent) (Subsidiary Issuer) Subsidiaries Subsidiaries Eliminations Consolidated ASSETS Current assets: Cash and cash equivalents $ - $ 47.0 $ - $ 310.1 $ - $ 357.1 Accounts receivable, net - 219.4 12.8 248.0 - 480.2 Prepaid expenses - 110.4 2.7 43.8 - 156.9 Income tax receivable - 11.2 0.2 15.0 - 26.4 Other current assets - 4.9 - 15.6 - 20.5 Affiliate receivable - 96.7 133.8 153.7 (384.2) - Total current assets - 489.6 149.5 786.2 (384.2) 1,041.1 Property and equipment, net - 104.9 - 42.5 - 147.4 Intangible assets, net - 601.9 0.3 102.7 - 704.9 Goodwill - 2,968.3 62.6 1,688.9 - 4,719.8 Deferred tax assets - - 0.4 81.6 (0.4) 81.6 Other assets - 28.8 2.9 63.1 - 94.8 Affiliate receivable - 123.7 - 185.0 (308.7) - Investment in subsidiaries - 2,096.5 - - (2,096.5) - Total assets $ - $ 6,413.7 $ 215.7 $ 2,950.0 $ (2,789.8) $ 6,789.6 LIABILITIES AND STOCKHOLDERS' DEFICIT Current liabilities: Accounts payable $ - $ 48.0 $ - $ 22.1 $ - $ 70.1 Income taxes payable - - - 27.8 - 27.8 Accrued expenses - 180.9 3.5 186.7 - 371.1 Deferred revenue - 659.2 23.5 451.4 - 1,134.1 Affiliate payable 29.4 293.7 1.5 59.6 (384.2) - Current portion of long-term obligations - 33.9 - - - 33.9 Total current liabilities 29.4 1,215.7 28.5 747.6 (384.2) 1,637.0 Long-term debt - 5,823.4 - - - 5,823.4 Deferred tax liabilities - 29.8 - 32.0 (0.4) 61.4 Affiliate payable 58.2 185.0 - 65.5 (308.7) - Other long-term liabilities - 66.5 2.5 184.4 - 253.4 Losses in excess of investment in subsidiaries 906.7 - - - (906.7) - Total liabilities 994.3 7,320.4 31.0 1,029.5 (1,600.0) 7,775.2 Total Infor, Inc. stockholders' equity (deficit) (994.3) (906.7) 184.7 1,911.8 (1,189.8) (994.3) Noncontrolling interests - - - 8.7 - 8.7 Total stockholders' equity (deficit) (994.3) (906.7) 184.7 1,920.5 (1,189.8) (985.6) Total liabilities and stockholders' equity (deficit) $ - $ 6,413.7 $ 215.7 $ 2,950.0 $ (2,789.8) $ 6,789.6 April 30, 2017 Infor, Inc. Infor (US), Inc. Guarantor Non-Guarantor Total (in millions) (Parent) (Subsidiary Issuer) Subsidiaries Subsidiaries Eliminations Consolidated ASSETS Current assets: Cash and cash equivalents $ - $ 88.9 $ - $ 216.9 $ - $ 305.8 Accounts receivable, net - 238.9 14.5 193.2 - 446.6 Prepaid expenses - 120.9 2.2 38.0 - 161.1 Income tax receivable - 9.8 0.2 14.9 - 24.9 Other current assets - 10.4 - 16.1 - 26.5 Affiliate receivable - 88.0 114.0 52.9 (254.9) - Deferred tax assets - 22.8 0.9 12.7 (0.1) 36.3 Total current assets - 579.7 131.8 544.7 (255.0) 1,001.2 Property and equipment, net - 129.5 - 32.0 - 161.5 Intangible assets, net - 661.3 0.8 112.5 - 774.6 Goodwill - 2,914.8 62.5 1,510.7 - 4,488.0 Deferred tax assets 0.1 - - 71.8 (0.1) 71.8 Other assets - 31.2 2.4 61.8 - 95.4 Affiliate receivable - 116.3 - 127.8 (244.1) - Investment in subsidiaries - 1,749.5 - - (1,749.5) - Total assets $ 0.1 $ 6,182.3 $ 197.5 $ 2,461.3 $ (2,248.7) $ 6,592.5 LIABILITIES AND STOCKHOLDERS' DEFICIT Current liabilities: Accounts payable $ - $ 74.8 $ - $ 30.3 $ - $ 105.1 Income taxes payable - - - 34.0 - 34.0 Accrued expenses - 296.2 3.8 178.0 - 478.0 Deferred tax liabilities 0.1 - - 1.0 (0.1) 1.0 Deferred revenue - 635.0 22.7 358.8 - 1,016.5 Affiliate payable 29.4 160.1 0.4 65.0 (254.9) - Current portion of long-term obligations - 32.4 - - - 32.4 Total current liabilities 29.5 1,198.5 26.9 667.1 (255.0) 1,667.0 Long-term debt - 5,618.5 - - - 5,618.5 Deferred tax liabilities - 76.7 0.8 14.1 (0.1) 91.5 Affiliate payable 58.2 127.8 - 58.1 (244.1) - Other long-term liabilities - 77.0 2.7 130.1 - 209.8 Losses in excess of investment in subsidiaries 916.2 - - - (916.2) - Total liabilities 1,003.9 7,098.5 30.4 869.4 (1,415.4) 7,586.8 Total Infor, Inc. stockholders' equity (deficit) (1,003.8) (916.2) 167.1 1,582.4 (833.3) (1,003.8) Noncontrolling interests - - - 9.5 - 9.5 Total stockholders' equity (deficit) (1,003.8) (916.2) 167.1 1,591.9 (833.3) (994.3) Total liabilities and stockholders' equity (deficit) $ 0.1 $ 6,182.3 $ 197.5 $ 2,461.3 $ (2,248.7) $ 6,592.5 Condensed Consolidating Statements of Operations Three Months Ended January 31, 2018 Infor, Inc. Infor (US), Inc. Guarantor Non-Guarantor Total (in millions) (Parent) (Subsidiary Issuer) Subsidiaries Subsidiaries Eliminations Consolidated Revenues: Software license fees $ - $ 32.6 $ 1.9 $ 40.7 $ - $ 75.2 SaaS subscriptions - 109.6 2.4 26.1 - 138.1 Software license fees and subscriptions - 142.2 4.3 66.8 - 213.3 Product updates and support fees - 202.0 8.0 146.4 - 356.4 Software revenues - 344.2 12.3 213.2 - 569.7 Consulting services and other fees - 87.7 5.5 113.6 - 206.8 Total revenues - 431.9 17.8 326.8 - 776.5 Operating expenses: Cost of software license fees - 5.9 - 5.6 - 11.5 Cost of SaaS subscriptions - 48.7 0.4 8.5 - 57.6 Cost of product updates and support fees - 30.3 0.6 28.7 - 59.6 Cost of consulting services and other fees - 76.3 3.5 89.2 - 169.0 Sales and marketing - 71.1 5.1 47.7 - 123.9 Research and development - 74.0 1.6 50.4 - 126.0 General and administrative - 37.2 0.1 68.5 - 105.8 Amortization of intangible assets and depreciation - 85.9 0.1 9.8 - 95.8 Restructuring costs - 0.7 - 1.0 - 1.7 Acquisition-related and other costs - 7.8 - (2.4) - 5.4 Affiliate (income) expense, net - 12.8 0.2 (13.0) - - Total operating expenses - 450.7 11.6 294.0 - 756.3 Income from operations - (18.8) 6.2 32.8 - 20.2 Other expense, net: Interest expense, net - 78.4 - - - 78.4 Affiliate interest (income) expense, net - 1.7 - (1.7) - - Other (income) expense, net - 118.4 0.1 8.3 - 126.8 Total other expense, net - 198.5 0.1 6.6 - 205.2 Income (loss) before income tax - (217.3) 6.1 26.2 - (185.0) Income tax provision (benefit) - (24.2) (0.1) 5.9 - (18.4) Equity in (earnings) loss of subsidiaries 166.6 (26.5) - - (140.1) - Net income (loss) (166.6) (166.6) 6.2 20.3 140.1 (166.6) Net income (loss) attributable to noncontrolling interests - - - 0.2 - 0.2 Net income (loss) attributable to Infor, Inc. $ (166.6) $ (166.6) $ 6.2 $ 20.1 $ 140.1 $ (166.8) Three Months Ended January 31, 2017 Infor, Inc. Infor (US), Inc. Guarantor Non-Guarantor Total (in millions) (Parent) (Subsidiary Issuer) Subsidiaries Subsidiaries Eliminations Consolidated Revenues: Software license fees $ - $ 37.4 $ 0.6 $ 43.4 $ - $ 81.4 SaaS subscriptions - 86.9 1.1 12.1 - 100.1 Software license fees and subscriptions - 124.3 1.7 55.5 - 181.5 Product updates and support fees - 208.1 7.8 131.9 - 347.8 Software revenues - 332.4 9.5 187.4 - 529.3 Consulting services and other fees - 81.2 4.0 92.1 - 177.3 Total revenues - 413.6 13.5 279.5 - 706.6 Operating expenses: Cost of software license fees - 9.2 - 5.6 - 14.8 Cost of SaaS subscriptions - 37.0 - 6.3 - 43.3 Cost of product updates and support fees - 32.3 0.7 26.3 - 59.3 Cost of consulting services and other fees - 65.8 3.7 75.5 - 145.0 Sales and marketing - 64.5 5.9 42.0 - 112.4 Research and development - 67.8 1.4 42.7 - 111.9 General and administrative - 34.3 - 19.8 - 54.1 Amortization of intangible assets and depreciation - 45.7 0.3 12.0 - 58.0 Restructuring costs - 4.4 - 3.4 - 7.8 Acquisition-related and other costs - 1.1 - (2.3) - (1.2) Affiliate (income) expense, net - 19.4 (1.1) (18.3) - - Total operating expenses - 381.5 10.9 213.0 - 605.4 Income (loss) from operations - 32.1 2.6 66.5 - 101.2 Other expense, net: Interest expense, net - 79.1 - 0.1 - 79.2 Affiliate interest (income) expense, net - (2.1) - 2.1 - - Other (income) expense, net - (7.7) - (9.1) - (16.8) Total other expense, net - 69.3 - (6.9) - 62.4 Income (loss) before income tax - (37.2) 2.6 73.4 - 38.8 Income tax provision (benefit) - (9.5) 2.9 7.4 - 0.8 Equity in (earnings) loss of subsidiaries (38.0) (65.7) - - 103.7 - Net income (loss) 38.0 38.0 (0.3) 66.0 (103.7) 38.0 Net income (loss) attributable to noncontrolling interests - - - 0.4 - 0.4 Net income (loss) attributable to Infor, Inc. $ 38.0 $ 38.0 $ (0.3) $ 65.6 $ (103.7) $ 37.6 Nine Months Ended January 31, 2018 Infor, Inc. Infor (US), Inc. Guarantor Non-Guarantor Total (in millions) (Parent) (Subsidiary Issuer) Subsidiaries Subsidiaries Eliminations Consolidated Revenues: Software license fees $ - $ 107.9 $ 4.6 $ 113.4 $ - $ 225.9 SaaS subscriptions - 323.2 6.8 63.3 - 393.3 Software license fees and subscriptions - 431.1 11.4 176.7 - 619.2 Product updates and support fees - 607.4 25.3 430.0 - 1,062.7 Software revenues - 1,038.5 36.7 606.7 - 1,681.9 Consulting services and other fees - 286.7 16.6 326.4 - 629.7 Total revenues - 1,325.2 53.3 933.1 - 2,311.6 Operating expenses: Cost of software license fees - 19.2 0.1 14.0 - 33.3 Cost of SaaS subscriptions - 144.2 0.6 24.3 - 169.1 Cost of product updates and support fees - 93.9 2.0 83.8 - 179.7 Cost of consulting services and other fees - 238.0 10.8 256.6 - 505.4 Sales and marketing - 235.5 19.0 139.7 - 394.2 Research and development - 219.0 4.2 143.0 - 366.2 General and administrative - 119.5 0.2 110.6 - 230.3 Amortization of intangible assets and depreciation - 174.9 0.4 31.5 - 206.8 Restructuring costs - 3.7 - 8.2 - 11.9 Acquisition-related and other costs - 19.3 - (1.1) - 18.2 Affiliate (income) expense, net - 45.2 0.9 (46.1) - - Total operating expenses - 1,312.4 38.2 764.5 - 2,115.1 Income from operations - 12.8 15.1 168.6 - 196.5 Other expense, net: Interest expense, net - 238.9 - - - 238.9 Affiliate interest (income) expense, net - 4.0 - (4.0) - - Other (income) expense, net - 224.5 0.2 37.5 - 262.2 Total other expense, net - 467.4 0.2 33.5 - 501.1 Income (loss) before income tax - (454.6) 14.9 135.1 - (304.6) Income tax provision (benefit) - (24.9) (0.3) 37.7 - 12.5 Equity in loss (earnings) of subsidiaries 317.1 (112.6) - - (204.5) - Net income (loss) (317.1) (317.1) 15.2 97.4 204.5 (317.1) Net income (loss) attributable to noncontrolling interests - - - 0.8 - 0.8 Net income (loss) attributable to Infor, Inc. $ (317.1) $ (317.1) $ 15.2 $ 96.6 $ 204.5 $ (317.9) Nine Months Ended January 31, 2017 Infor, Inc. Infor (US), Inc. Guarantor Non-Guarantor Total (in millions) (Parent) (Subsidiary Issuer) Subsidiaries Subsidiaries Eliminations Consolidated Revenues: Software license fees $ - $ 125.0 $ 2.7 $ 109.9 $ - $ 237.6 SaaS subscriptions - 256.6 2.3 32.0 - 290.9 Software license fees and subscriptions - 381.6 5.0 141.9 - 528.5 Product updates and support fees - 621.7 23.9 405.4 - 1,051.0 Software revenues - 1,003.3 28.9 547.3 - 1,579.5 Consulting services and other fees - 247.7 13.6 281.5 - 542.8 Total revenues - 1,251.0 42.5 828.8 - 2,122.3 Operating expenses: Cost of software license fees - 28.4 - 15.8 - 44.2 Cost of SaaS subscriptions - 105.2 0.1 17.9 - 123.2 Cost of product updates and support fees - 94.9 2.1 83.5 - 180.5 Cost of consulting services and other fees - 191.0 10.3 229.1 - 430.4 Sales and marketing - 207.6 16.2 125.7 - 349.5 Research and development - 200.7 4.7 130.0 - 335.4 General and administrative - 98.8 0.2 57.6 - 156.6 Amortization of intangible assets and depreciation - 133.4 1.1 38.4 - 172.9 Restructuring costs - 6.9 - 30.6 - 37.5 Acquisition-related and other costs - 7.8 - (1.2) - 6.6 Affiliate (income) expense, net - 39.1 (4.0) (35.1) - - Total operating expenses - 1,113.8 30.7 692.3 - 1,836.8 Income from operations - 137.2 11.8 136.5 - 285.5 Other expense, net: Interest expense, net - 239.2 - 0.2 - 239.4 Affiliate interest (income) expense, net - (15.5) - 15.5 - - Other (income) expense, net - (31.9) - 40.3 - 8.4 Total other expense, net - 191.8 - 56.0 - 247.8 Income (loss) before income tax - (54.6) 11.8 80.5 - 37.7 Income tax provision (benefit) - (11.7) 2.8 31.2 - 22.3 Equity in loss (earnings) of subsidiaries (15.4) (58.3) - - 73.7 - Net income (loss) 15.4 15.4 9.0 49.3 (73.7) 15.4 Net income (loss) attributable to noncontrolling interests - (0.4) - 0.8 - 0.4 Net income (loss) attributable to Infor, Inc. $ 15.4 $ 15.8 $ 9.0 $ 48.5 $ (73.7) $ 15.0 Condensed Consolidating Statements of Comprehensive Income (Loss) Three Months Ended January 31, 2018 Infor, Inc. Infor (US), Inc. Guarantor Non-Guarantor Total (in millions) (Parent) (Subsidiary Issuer) Subsidiaries Subsidiaries Eliminations Consolidated Net income (loss) $ (166.6) $ (166.6) $ 6.2 $ 20.3 $ 140.1 $ (166.6) Other comprehensive income (loss): Unrealized gain (loss) on foreign currency translation, net of tax - - - 118.9 - 118.9 Change in defined benefit plan funding status, net of tax - 0.3 - (0.8) - (0.5) Total other comprehensive income (loss) - 0.3 - 118.1 - 118.4 Comprehensive income (loss) (166.6) (166.3) 6.2 138.4 140.1 (48.2) Noncontrolling interests comprehensive income (loss) - - - 0.2 - 0.2 Comprehensive income (loss) attributable to Infor, Inc. $ (166.6) $ (166.3) $ 6.2 $ 138.2 $ 140.1 $ (48.4) Three Months Ended January 31, 2017 Infor, Inc. Infor (US), Inc. Guarantor Non-Guarantor Total (in millions) (Parent) (Subsidiary Issuer) Subsidiaries Subsidiaries Eliminations Consolidated Net income (loss) $ 38.0 $ 38.0 $ (0.3) $ 66.0 $ (103.7) $ 38.0 Other comprehensive income (loss): Unrealized gain (loss) on foreign currency translation, net of tax - - - (1.8) - (1.8) Change in defined benefit plan funding status, net of tax - - - (0.1) - (0.1) Unrealized gain (loss) on derivative instruments, net of tax - 1.7 - - - 1.7 Total other comprehensive income (loss) - 1.7 - (1.9) - (0.2) Comprehensive income (loss) 38.0 39.7 (0.3) 64.1 (103.7) 37.8 Noncontrolling interests comprehensive income (loss) - - - 0.2 - 0.2 Comprehensive income (loss) attributable to Infor, Inc. $ 38.0 $ 39.7 $ (0.3) $ 63.9 $ (103.7) $ 37.6 Nine Months Ended January 31, 2018 Infor, Inc. Infor (US), Inc. Guarantor Non-Guarantor Total (in millions) (Parent) (Subsidiary Issuer) Subsidiaries Subsidiaries Eliminations Consolidated Net income (loss) $ (317.1) $ (317.1) $ 15.2 $ 97.4 $ 204.5 $ (317.1) Other comprehensive income (loss): Unrealized gain (loss) on foreign currency translation, net of tax - (0.1) - 236.9 - 236.8 Change in defined benefit plan funding status, net of tax - 0.3 - (0.6) - (0.3) Unrealized gain (loss) on derivative instruments, net of tax - 2.8 - - - 2.8 Total other comprehensive income (loss) - 3.0 - 236.3 - 239.3 Comprehensive income (loss) (317.1) (314.1) 15.2 333.7 204.5 (77.8) Noncontrolling interests comprehensive income (loss) - - - 0.7 - 0.7 Comprehensive income (loss) attributable to Infor, Inc. $ (317.1) $ (314.1) $ 15.2 $ 333.0 $ 204.5 $ (78.5) Nine Months Ended January 31, 2017 Infor, Inc. Infor (US), Inc. Guarantor Non-Guarantor Total (in millions) (Parent) (Subsidiary Issuer) Subsidiaries Subsidiaries Eliminations Consolidated Net income (loss) $ 15.4 $ 15.4 $ 9.0 $ 49.3 $ (73.7) $ 15.4 Other comprehensive income (loss): Unrealized gain (loss) on foreign currency translation, net of tax - - - (73.6) - (73.6) Change in defined benefit plan funding status, net of tax - - - 2.4 - 2.4 Unrealized gain (loss) on derivative instruments, net of tax - 4.9 - - - 4.9 Total other comprehensive income (loss) - 4.9 - (71.2) - (66.3) Comprehensive income (loss) 15.4 20.3 9.0 (21.9) (73.7) (50.9) Noncontrolling interests comprehensive income (loss) - (0.4) - 0.5 - 0.1 Comprehensive income (loss) attributable to Infor, Inc. $ 15.4 $ 20.7 $ 9.0 $ (22.4) $ (73.7) $ (51.0) Condensed Consolidating Statements of Cash Flows Nine Months Ended January 31, 2018 Infor, Inc. Infor (US), Inc. Guarantor Non-Guarantor Total (in millions) (Parent) (Subsidiary Issuer) Subsidiaries Subsidiaries Eliminations Consolidated Net cash provided by (used in) operating activities $ - $ 47.7 $ - $ 134.4 $ - $ 182.1 Cash flows from investing activities: Acquisitions, net of cash acquired - (70.6) - 1.8 - (68.8) Purchase of other investments - (0.3) - - - (0.3) Change in restricted cash - 0.2 - 4.5 - 4.7 Purchases of property, equipment and software - (57.3) - (16.5) - (73.8) Net cash used in investing activities - (128.0) - (10.2) - (138.2) Cash flows from financing activities: Equity contributions received - 75.0 - - - 75.0 Dividends paid - (23.7) - - - (23.7) Payments on capital lease obligations - (0.9) - (1.2) - (2.1) Proceeds from issuance of debt - 1,176.5 - - - 1,176.5 Payments on long-term debt - (1,190.2) - - - (1,190.2) (Payments) proceeds from affiliate within group - 38.9 - (38.9) - - Deferred purchase price and contingent consideration - (35.9) - (5.5) - (41.4) Other - (1.3) - (1.6) - (2.9) Net cash provided by (used in) financing activities - 38.4 - (47.2) - (8.8) Effect of exchange rate changes on cash and cash equivalents - - - 16.2 - 16.2 Net increase (decrease) in cash and cash equivalents - (41.9) - 93.2 - 51.3 Cash and cash equivalents at the beginning of the period - 88.9 - 216.9 - 305.8 Cash and cash equivalents at the end of the period $ - $ 47.0 $ - $ 310.1 $ - $ 357.1 Nine Months Ended January 31, 2017 Infor, Inc. Infor (US), Inc. Guarantor Non-Guarantor Total (in millions) (Parent) (Subsidiary Issuer) Subsidiaries Subsidiaries Eliminations Consolidated Net cash provided by (used in) operating activities $ - $ 35.4 $ - $ 110.0 $ - $ 145.4 Cash flows from investing activities: Acquisitions, net of cash acquired - (154.2) - (16.7) - (170.9) Purchase of other investments - (0.1) - - - (0.1) Change in restricted cash - - - (0.1) - (0.1) Purchases of property, equipment and software - (52.3) - (7.7) - (60.0) Net cash used in investing activities - (206.6) - (24.5) - (231.1) Cash flows from financing activities: Equity contributions received 144.0 144.0 - - (144.0) 144.0 Equity contributions made (144.0) - - - 144.0 - Dividends received 111.5 - - - (111.5) - Dividends paid (111.5) (111.5) - - 111.5 (111.5) Distributions under tax sharing arrangement - (9.1) - - - (9.1) Payments on capital lease obligations - (1.6) - (1.6) - (3.2) Payments on long-term debt - (78.8) - - - (78.8) (Payments) proceeds from affiliate within group - 285.7 - (285.7) - - Deferred financing and early debt redemption fees paid - (0.8) - - - (0.8) Purchase of non-controlling interests - (138.0) - - - (138.0) Other - (1.2) - (0.7) - (1.9) Net cash provided by (used in) financing activities - 88.7 - (288.0) - (199.3) Effect of exchange rate changes on cash and cash equivalents - - - (8.7) - (8.7) Net increase (decrease) in cash and cash equivalents - (82.5) - (211.2) - (293.7) Cash and cash equivalents at the beginning of the period - 163.7 - 542.0 - 705.7 Cash and cash equivalents at the end of the period $ - $ 81.2 $ - $ 330.8 $ - $ 412.0 |