PRODUCTS CORPORATION AND SUBSIDIARIES GUARANTOR FINANCIAL INFORMATION - Statement of Cash Flow (Details) - USD ($) $ in Millions | 3 Months Ended |
Mar. 31, 2021 | Mar. 31, 2020 |
CASH FLOWS FROM OPERATING ACTIVITIES: | | | |
Net cash provided by (used in) operating activities | | $ (28.4) | $ (77.6) |
CASH FLOWS FROM INVESTING ACTIVITIES: | | | |
Net cash (used in) provided by investing activities | | (0.7) | (1.8) |
CASH FLOWS FROM FINANCING ACTIVITIES: | | | |
Net decrease in short-term borrowings and overdraft | | (10.6) | (6.4) |
Payment of financing costs | | (11.8) | (0.3) |
Tax withholdings related to net share settlements of restricted stock and RSUs | | (2.4) | (0.4) |
Other financing activities | | (0.1) | (0.1) |
Net cash provided by (used in) financing activities | | 29.6 | 57.4 |
Effect of exchange rate changes on cash, cash equivalents and restricted cash | | (1.3) | (3.3) |
Net increase (decrease) in cash, cash equivalents and restricted cash | | (0.8) | (25.3) |
Cash, cash equivalents and restricted cash at beginning of period | [1] | 102.5 | 104.5 |
Cash, cash equivalents and restricted cash at end of period | [1] | 101.7 | 79.2 |
SISO Term Loan Facility | | | |
CASH FLOWS FROM FINANCING ACTIVITIES: | | | |
Borrowings under long-term lines of credit | | 100 | 0 |
Amended 2016 Revolving Credit Facility | | | |
CASH FLOWS FROM FINANCING ACTIVITIES: | | | |
Borrowings under long-term lines of credit | | | 69.1 |
Net (repayments) under the Amended 2016 Revolving Credit Facility | | (59.3) | |
2021 Foreign Asset-Based Term Facility | | | |
CASH FLOWS FROM FINANCING ACTIVITIES: | | | |
Borrowings under long-term lines of credit | | 75 | 0 |
2018 Foreign Asset-Based Term Facility | | | |
CASH FLOWS FROM FINANCING ACTIVITIES: | | | |
Repayments of senior debt | | (58.9) | 0 |
2016 Term Loan Facility | | | |
CASH FLOWS FROM FINANCING ACTIVITIES: | | | |
Repayments of senior debt | | (2.3) | (4.5) |
Revlon Consumer Products Corporation | | | |
CASH FLOWS FROM OPERATING ACTIVITIES: | | | |
Net cash provided by (used in) operating activities | | (28.4) | (77.6) |
CASH FLOWS FROM INVESTING ACTIVITIES: | | | |
Net cash (used in) provided by investing activities | | (0.7) | (1.8) |
CASH FLOWS FROM FINANCING ACTIVITIES: | | | |
Net decrease in short-term borrowings and overdraft | | (10.6) | (6.4) |
Payment of financing costs | | (11.8) | (0.3) |
Tax withholdings related to net share settlements of restricted stock and RSUs | | (2.4) | (0.4) |
Other financing activities | | (0.1) | (0.1) |
Net cash provided by (used in) financing activities | | 29.6 | 57.4 |
Effect of exchange rate changes on cash, cash equivalents and restricted cash | | (1.3) | (3.3) |
Net increase (decrease) in cash, cash equivalents and restricted cash | | (0.8) | (25.3) |
Cash, cash equivalents and restricted cash at beginning of period | [2] | 102.5 | 104.5 |
Cash, cash equivalents and restricted cash at end of period | [2] | 101.7 | 79.2 |
Revlon Consumer Products Corporation | SISO Term Loan Facility | | | |
CASH FLOWS FROM FINANCING ACTIVITIES: | | | |
Borrowings under long-term lines of credit | | 100 | 0 |
Revlon Consumer Products Corporation | Amended 2016 Revolving Credit Facility | | | |
CASH FLOWS FROM FINANCING ACTIVITIES: | | | |
Borrowings under long-term lines of credit | | | 69.1 |
Net (repayments) under the Amended 2016 Revolving Credit Facility | | (59.3) | |
Revlon Consumer Products Corporation | 2021 Foreign Asset-Based Term Facility | | | |
CASH FLOWS FROM FINANCING ACTIVITIES: | | | |
Borrowings under long-term lines of credit | | 75 | 0 |
Revlon Consumer Products Corporation | 2018 Foreign Asset-Based Term Facility | | | |
CASH FLOWS FROM FINANCING ACTIVITIES: | | | |
Repayments of senior debt | | (58.9) | 0 |
Revlon Consumer Products Corporation | 2016 Term Loan Facility | | | |
CASH FLOWS FROM FINANCING ACTIVITIES: | | | |
Repayments of senior debt | | (2.3) | (4.5) |
Revlon Consumer Products Corporation | Reportable Legal Entities | Products Corporation | | | |
CASH FLOWS FROM OPERATING ACTIVITIES: | | | |
Net cash provided by (used in) operating activities | | 5.4 | (57.7) |
CASH FLOWS FROM INVESTING ACTIVITIES: | | | |
Net cash (used in) provided by investing activities | | (1.9) | (1.8) |
CASH FLOWS FROM FINANCING ACTIVITIES: | | | |
Net decrease in short-term borrowings and overdraft | | (3.5) | (2.1) |
Payment of financing costs | | (11.8) | (0.3) |
Tax withholdings related to net share settlements of restricted stock and RSUs | | (2.4) | (0.4) |
Other financing activities | | (0.1) | (0.1) |
Net cash provided by (used in) financing activities | | 36.7 | 61.7 |
Effect of exchange rate changes on cash, cash equivalents and restricted cash | | (21.9) | 0 |
Net increase (decrease) in cash, cash equivalents and restricted cash | | 18.3 | 2.2 |
Cash, cash equivalents and restricted cash at beginning of period | | 6.5 | 1 |
Cash, cash equivalents and restricted cash at end of period | | 24.8 | 3.2 |
Revlon Consumer Products Corporation | Reportable Legal Entities | Products Corporation | SISO Term Loan Facility | | | |
CASH FLOWS FROM FINANCING ACTIVITIES: | | | |
Borrowings under long-term lines of credit | | 100 | |
Revlon Consumer Products Corporation | Reportable Legal Entities | Products Corporation | Amended 2016 Revolving Credit Facility | | | |
CASH FLOWS FROM FINANCING ACTIVITIES: | | | |
Borrowings under long-term lines of credit | | | 69.1 |
Net (repayments) under the Amended 2016 Revolving Credit Facility | | (59.3) | |
Revlon Consumer Products Corporation | Reportable Legal Entities | Products Corporation | 2021 Foreign Asset-Based Term Facility | | | |
CASH FLOWS FROM FINANCING ACTIVITIES: | | | |
Borrowings under long-term lines of credit | | 75 | |
Revlon Consumer Products Corporation | Reportable Legal Entities | Products Corporation | 2018 Foreign Asset-Based Term Facility | | | |
CASH FLOWS FROM FINANCING ACTIVITIES: | | | |
Repayments of senior debt | | (58.9) | |
Revlon Consumer Products Corporation | Reportable Legal Entities | Products Corporation | 2016 Term Loan Facility | | | |
CASH FLOWS FROM FINANCING ACTIVITIES: | | | |
Repayments of senior debt | | (2.3) | (4.5) |
Revlon Consumer Products Corporation | Reportable Legal Entities | Guarantor Subsidiaries | | | |
CASH FLOWS FROM OPERATING ACTIVITIES: | | | |
Net cash provided by (used in) operating activities | | (41.6) | 3.1 |
CASH FLOWS FROM INVESTING ACTIVITIES: | | | |
Net cash (used in) provided by investing activities | | 0.4 | (0.1) |
CASH FLOWS FROM FINANCING ACTIVITIES: | | | |
Net decrease in short-term borrowings and overdraft | | (4.9) | (4.8) |
Payment of financing costs | | 0 | 0 |
Tax withholdings related to net share settlements of restricted stock and RSUs | | 0 | 0 |
Other financing activities | | 0 | 0 |
Net cash provided by (used in) financing activities | | (4.9) | (4.8) |
Effect of exchange rate changes on cash, cash equivalents and restricted cash | | 47.7 | (2.1) |
Net increase (decrease) in cash, cash equivalents and restricted cash | | 1.6 | (3.9) |
Cash, cash equivalents and restricted cash at beginning of period | | 7.8 | 6.4 |
Cash, cash equivalents and restricted cash at end of period | | 9.4 | 2.5 |
Revlon Consumer Products Corporation | Reportable Legal Entities | Guarantor Subsidiaries | SISO Term Loan Facility | | | |
CASH FLOWS FROM FINANCING ACTIVITIES: | | | |
Borrowings under long-term lines of credit | | 0 | |
Revlon Consumer Products Corporation | Reportable Legal Entities | Guarantor Subsidiaries | Amended 2016 Revolving Credit Facility | | | |
CASH FLOWS FROM FINANCING ACTIVITIES: | | | |
Borrowings under long-term lines of credit | | | 0 |
Net (repayments) under the Amended 2016 Revolving Credit Facility | | 0 | |
Revlon Consumer Products Corporation | Reportable Legal Entities | Guarantor Subsidiaries | 2021 Foreign Asset-Based Term Facility | | | |
CASH FLOWS FROM FINANCING ACTIVITIES: | | | |
Borrowings under long-term lines of credit | | 0 | |
Revlon Consumer Products Corporation | Reportable Legal Entities | Guarantor Subsidiaries | 2018 Foreign Asset-Based Term Facility | | | |
CASH FLOWS FROM FINANCING ACTIVITIES: | | | |
Repayments of senior debt | | 0 | |
Revlon Consumer Products Corporation | Reportable Legal Entities | Guarantor Subsidiaries | 2016 Term Loan Facility | | | |
CASH FLOWS FROM FINANCING ACTIVITIES: | | | |
Repayments of senior debt | | 0 | 0 |
Revlon Consumer Products Corporation | Reportable Legal Entities | Non-Guarantor Subsidiaries | | | |
CASH FLOWS FROM OPERATING ACTIVITIES: | | | |
Net cash provided by (used in) operating activities | | 7.8 | (23) |
CASH FLOWS FROM INVESTING ACTIVITIES: | | | |
Net cash (used in) provided by investing activities | | 0.8 | 0.1 |
CASH FLOWS FROM FINANCING ACTIVITIES: | | | |
Net decrease in short-term borrowings and overdraft | | (2.2) | 0.5 |
Payment of financing costs | | 0 | 0 |
Tax withholdings related to net share settlements of restricted stock and RSUs | | 0 | 0 |
Other financing activities | | 0 | 0 |
Net cash provided by (used in) financing activities | | (2.2) | 0.5 |
Effect of exchange rate changes on cash, cash equivalents and restricted cash | | (27.1) | (1.2) |
Net increase (decrease) in cash, cash equivalents and restricted cash | | (20.7) | (23.6) |
Cash, cash equivalents and restricted cash at beginning of period | | 88.2 | 97.2 |
Cash, cash equivalents and restricted cash at end of period | | 67.5 | 73.6 |
Revlon Consumer Products Corporation | Reportable Legal Entities | Non-Guarantor Subsidiaries | SISO Term Loan Facility | | | |
CASH FLOWS FROM FINANCING ACTIVITIES: | | | |
Borrowings under long-term lines of credit | | 0 | |
Revlon Consumer Products Corporation | Reportable Legal Entities | Non-Guarantor Subsidiaries | Amended 2016 Revolving Credit Facility | | | |
CASH FLOWS FROM FINANCING ACTIVITIES: | | | |
Borrowings under long-term lines of credit | | | 0 |
Net (repayments) under the Amended 2016 Revolving Credit Facility | | 0 | |
Revlon Consumer Products Corporation | Reportable Legal Entities | Non-Guarantor Subsidiaries | 2021 Foreign Asset-Based Term Facility | | | |
CASH FLOWS FROM FINANCING ACTIVITIES: | | | |
Borrowings under long-term lines of credit | | 0 | |
Revlon Consumer Products Corporation | Reportable Legal Entities | Non-Guarantor Subsidiaries | 2018 Foreign Asset-Based Term Facility | | | |
CASH FLOWS FROM FINANCING ACTIVITIES: | | | |
Repayments of senior debt | | 0 | |
Revlon Consumer Products Corporation | Reportable Legal Entities | Non-Guarantor Subsidiaries | 2016 Term Loan Facility | | | |
CASH FLOWS FROM FINANCING ACTIVITIES: | | | |
Repayments of senior debt | | 0 | 0 |
Revlon Consumer Products Corporation | Eliminations | | | |
CASH FLOWS FROM OPERATING ACTIVITIES: | | | |
Net cash provided by (used in) operating activities | | 0 | 0 |
CASH FLOWS FROM INVESTING ACTIVITIES: | | | |
Net cash (used in) provided by investing activities | | 0 | 0 |
CASH FLOWS FROM FINANCING ACTIVITIES: | | | |
Net decrease in short-term borrowings and overdraft | | 0 | 0 |
Payment of financing costs | | 0 | 0 |
Tax withholdings related to net share settlements of restricted stock and RSUs | | 0 | 0 |
Other financing activities | | 0 | 0 |
Net cash provided by (used in) financing activities | | 0 | 0 |
Effect of exchange rate changes on cash, cash equivalents and restricted cash | | 0 | 0 |
Net increase (decrease) in cash, cash equivalents and restricted cash | | 0 | 0 |
Cash, cash equivalents and restricted cash at beginning of period | | 0 | 0 |
Cash, cash equivalents and restricted cash at end of period | | 0 | 0 |
Revlon Consumer Products Corporation | Eliminations | SISO Term Loan Facility | | | |
CASH FLOWS FROM FINANCING ACTIVITIES: | | | |
Borrowings under long-term lines of credit | | 0 | |
Revlon Consumer Products Corporation | Eliminations | Amended 2016 Revolving Credit Facility | | | |
CASH FLOWS FROM FINANCING ACTIVITIES: | | | |
Borrowings under long-term lines of credit | | | 0 |
Net (repayments) under the Amended 2016 Revolving Credit Facility | | 0 | |
Revlon Consumer Products Corporation | Eliminations | 2021 Foreign Asset-Based Term Facility | | | |
CASH FLOWS FROM FINANCING ACTIVITIES: | | | |
Borrowings under long-term lines of credit | | 0 | |
Revlon Consumer Products Corporation | Eliminations | 2018 Foreign Asset-Based Term Facility | | | |
CASH FLOWS FROM FINANCING ACTIVITIES: | | | |
Repayments of senior debt | | 0 | |
Revlon Consumer Products Corporation | Eliminations | 2016 Term Loan Facility | | | |
CASH FLOWS FROM FINANCING ACTIVITIES: | | | |
Repayments of senior debt | | $ 0 | $ 0 |
| |
[1] | These amounts include restricted cash of $16.1 million and $16.4 million as of March 31, 2021 and 2020, respectively. The balance as of March 31, 2021 represents: (i) cash on deposit in lieu of a mandatory prepayment and loan proceeds held in escrow until certain collateral perfection requirements are satisfied under the 2021 Foreign Asset-Based Term Agreement; and (ii) cash on deposit to support outstanding undrawn letters of credit. The balance as of March 31, 2020 represents: (i) cash on deposit in lieu of a mandatory prepayment under the 2018 Foreign Asset-Based Term Facility; (ii) restricted cash under the terms of 2019 Term Loan Agreement; and (ii) cash on deposit to support outstanding undrawn letters of credit. These balances were included within prepaid expenses and other current assets and other assets in the Company's Consolidated Balance Sheets as of March 31, 2021 and March 31, 2020, respectively. | |
[2] | These amounts include restricted cash of $16.1 million and $16.4 million as of March 31, | |