PRODUCTS CORPORATION AND SUBSIDIARIES GUARANTOR FINANCIAL INFORMATION - Statement of Cash Flow (Details) - USD ($) | 3 Months Ended | 6 Months Ended |
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 |
CASH FLOWS FROM OPERATING ACTIVITIES: | | | | | |
Net cash provided by (used in) operating activities | | | | $ (39,300,000) | $ (164,200,000) |
CASH FLOWS FROM INVESTING ACTIVITIES: | | | | | |
Net cash (used in) provided by investing activities | | | | (800,000) | (2,700,000) |
CASH FLOWS FROM FINANCING ACTIVITIES: | | | | | |
Net decrease in short-term borrowings and overdraft | | | | (6,700,000) | (7,000,000) |
Borrowings on term loans | | | | 305,000,000 | 880,000,000 |
Repayments on term loans | [1] | | | (176,100,000) | (337,900,000) |
Net (repayments) borrowings under the revolving credit facilities | | | | (36,800,000) | (22,900,000) |
Payment of financing costs | | | | (15,800,000) | (101,200,000) |
Tax withholdings related to net share settlements of restricted stock and RSUs | | $ 0 | $ (1,200,000) | (2,400,000) | (1,600,000) |
Other financing activities | | | | (200,000) | (1,000,000) |
Net cash provided by (used in) financing activities | | | | 67,000,000 | 408,400,000 |
Effect of exchange rate changes on cash, cash equivalents and restricted cash | | | | (1,000,000) | (2,100,000) |
Net increase (decrease) in cash, cash equivalents and restricted cash | | | | 25,900,000 | 239,400,000 |
Cash, cash equivalents and restricted cash at beginning of period | [2] | | | 102,500,000 | 104,500,000 |
Cash, cash equivalents and restricted cash at end of period | [2] | 128,400,000 | 343,900,000 | 128,400,000 | 343,900,000 |
5.75% Senior Notes | | | | | |
CASH FLOWS FROM FINANCING ACTIVITIES: | | | | | |
Repayments on term loans | | | | | (99,600,000) |
2019 Term Loan Facility | | | | | |
CASH FLOWS FROM FINANCING ACTIVITIES: | | | | | |
Repayments on term loans | | | | | (200,000,000) |
2018 Foreign Asset-Based Term Facility | | | | | |
CASH FLOWS FROM FINANCING ACTIVITIES: | | | | | |
Repayments on term loans | | | | | (31,400,000) |
2016 Term Loan Facility | | | | | |
CASH FLOWS FROM FINANCING ACTIVITIES: | | | | | |
Repayments on term loans | | | | | (6,900,000) |
Revlon Consumer Products Corporation | | | | | |
CASH FLOWS FROM OPERATING ACTIVITIES: | | | | | |
Net cash provided by (used in) operating activities | | | | (39,300,000) | (164,200,000) |
CASH FLOWS FROM INVESTING ACTIVITIES: | | | | | |
Net cash (used in) provided by investing activities | | | | (800,000) | (2,700,000) |
CASH FLOWS FROM FINANCING ACTIVITIES: | | | | | |
Net decrease in short-term borrowings and overdraft | | | | (6,700,000) | (7,000,000) |
Borrowings on term loans | | | | 305,000,000 | 880,000,000 |
Repayments on term loans | [3] | | | (176,100,000) | (337,900,000) |
Net (repayments) borrowings under the revolving credit facilities | | | | (36,800,000) | (22,900,000) |
Payment of financing costs | | | | (15,800,000) | (101,200,000) |
Tax withholdings related to net share settlements of restricted stock and RSUs | | | | (2,400,000) | (1,600,000) |
Other financing activities | | | | (200,000) | (1,000,000) |
Net cash provided by (used in) financing activities | | | | 67,000,000 | 408,400,000 |
Effect of exchange rate changes on cash, cash equivalents and restricted cash | | | | (1,000,000) | (2,100,000) |
Net increase (decrease) in cash, cash equivalents and restricted cash | | | | 25,900,000 | 239,400,000 |
Cash, cash equivalents and restricted cash at beginning of period | [4] | | | 102,500,000 | 104,500,000 |
Cash, cash equivalents and restricted cash at end of period | [4] | 128,400,000 | 343,900,000 | 128,400,000 | 343,900,000 |
Revlon Consumer Products Corporation | 5.75% Senior Notes | | | | | |
CASH FLOWS FROM FINANCING ACTIVITIES: | | | | | |
Repayments on term loans | | | | | (99,600,000) |
Revlon Consumer Products Corporation | 2019 Term Loan Facility | | | | | |
CASH FLOWS FROM FINANCING ACTIVITIES: | | | | | |
Repayments on term loans | | | | | (200,000,000) |
Revlon Consumer Products Corporation | 2018 Foreign Asset-Based Term Facility | | | | | |
CASH FLOWS FROM FINANCING ACTIVITIES: | | | | | |
Repayments on term loans | | | | | (31,400,000) |
Revlon Consumer Products Corporation | 2016 Term Loan Facility | | | | | |
CASH FLOWS FROM FINANCING ACTIVITIES: | | | | | |
Repayments on term loans | | | | | (6,900,000) |
Revlon Consumer Products Corporation | Reportable Legal Entities | Products Corporation | | | | | |
CASH FLOWS FROM OPERATING ACTIVITIES: | | | | | |
Net cash provided by (used in) operating activities | | | | (38,300,000) | (148,300,000) |
CASH FLOWS FROM INVESTING ACTIVITIES: | | | | | |
Net cash (used in) provided by investing activities | | | | (600,000) | (2,700,000) |
CASH FLOWS FROM FINANCING ACTIVITIES: | | | | | |
Net decrease in short-term borrowings and overdraft | | | | (200,000) | (1,300,000) |
Borrowings on term loans | | | | 305,000,000 | 880,000,000 |
Repayments on term loans | | | | (176,100,000) | |
Net (repayments) borrowings under the revolving credit facilities | | | | (36,800,000) | (22,900,000) |
Payment of financing costs | | | | (15,800,000) | (101,200,000) |
Tax withholdings related to net share settlements of restricted stock and RSUs | | | | (2,400,000) | (1,600,000) |
Other financing activities | | | | (200,000) | (1,000,000) |
Net cash provided by (used in) financing activities | | | | 73,500,000 | 414,100,000 |
Effect of exchange rate changes on cash, cash equivalents and restricted cash | | | | (18,000,000) | 0 |
Net increase (decrease) in cash, cash equivalents and restricted cash | | | | 16,600,000 | 263,100,000 |
Cash, cash equivalents and restricted cash at beginning of period | | | | 6,500,000 | 1,000,000 |
Cash, cash equivalents and restricted cash at end of period | | 23,100,000 | 264,100,000 | 23,100,000 | 264,100,000 |
Revlon Consumer Products Corporation | Reportable Legal Entities | Products Corporation | 5.75% Senior Notes | | | | | |
CASH FLOWS FROM FINANCING ACTIVITIES: | | | | | |
Repayments on term loans | | | | | (99,600,000) |
Revlon Consumer Products Corporation | Reportable Legal Entities | Products Corporation | 2019 Term Loan Facility | | | | | |
CASH FLOWS FROM FINANCING ACTIVITIES: | | | | | |
Repayments on term loans | | | | | (200,000,000) |
Revlon Consumer Products Corporation | Reportable Legal Entities | Products Corporation | 2018 Foreign Asset-Based Term Facility | | | | | |
CASH FLOWS FROM FINANCING ACTIVITIES: | | | | | |
Repayments on term loans | | | | | (31,400,000) |
Revlon Consumer Products Corporation | Reportable Legal Entities | Products Corporation | 2016 Term Loan Facility | | | | | |
CASH FLOWS FROM FINANCING ACTIVITIES: | | | | | |
Repayments on term loans | | | | | (6,900,000) |
Revlon Consumer Products Corporation | Reportable Legal Entities | Guarantor Subsidiaries | | | | | |
CASH FLOWS FROM OPERATING ACTIVITIES: | | | | | |
Net cash provided by (used in) operating activities | | | | (41,200,000) | 14,600,000 |
CASH FLOWS FROM INVESTING ACTIVITIES: | | | | | |
Net cash (used in) provided by investing activities | | | | 200,000 | 0 |
CASH FLOWS FROM FINANCING ACTIVITIES: | | | | | |
Net decrease in short-term borrowings and overdraft | | | | (4,600,000) | (6,200,000) |
Borrowings on term loans | | | | 0 | 0 |
Repayments on term loans | | | | 0 | |
Net (repayments) borrowings under the revolving credit facilities | | | | 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 | | | | (4,600,000) | (6,200,000) |
Effect of exchange rate changes on cash, cash equivalents and restricted cash | | | | 47,700,000 | (9,000,000) |
Net increase (decrease) in cash, cash equivalents and restricted cash | | | | 2,100,000 | (600,000) |
Cash, cash equivalents and restricted cash at beginning of period | | | | 7,800,000 | 6,400,000 |
Cash, cash equivalents and restricted cash at end of period | | 9,900,000 | 5,800,000 | 9,900,000 | 5,800,000 |
Revlon Consumer Products Corporation | Reportable Legal Entities | Guarantor Subsidiaries | 5.75% Senior Notes | | | | | |
CASH FLOWS FROM FINANCING ACTIVITIES: | | | | | |
Repayments on term loans | | | | | 0 |
Revlon Consumer Products Corporation | Reportable Legal Entities | Guarantor Subsidiaries | 2019 Term Loan Facility | | | | | |
CASH FLOWS FROM FINANCING ACTIVITIES: | | | | | |
Repayments on term loans | | | | | 0 |
Revlon Consumer Products Corporation | Reportable Legal Entities | Guarantor Subsidiaries | 2018 Foreign Asset-Based Term Facility | | | | | |
CASH FLOWS FROM FINANCING ACTIVITIES: | | | | | |
Repayments on term loans | | | | | 0 |
Revlon Consumer Products Corporation | Reportable Legal Entities | Guarantor Subsidiaries | 2016 Term Loan Facility | | | | | |
CASH FLOWS FROM FINANCING ACTIVITIES: | | | | | |
Repayments on term loans | | | | | 0 |
Revlon Consumer Products Corporation | Reportable Legal Entities | Non-Guarantor Subsidiaries | | | | | |
CASH FLOWS FROM OPERATING ACTIVITIES: | | | | | |
Net cash provided by (used in) operating activities | | | | 40,200,000 | (30,500,000) |
CASH FLOWS FROM INVESTING ACTIVITIES: | | | | | |
Net cash (used in) provided by investing activities | | | | (400,000) | 0 |
CASH FLOWS FROM FINANCING ACTIVITIES: | | | | | |
Net decrease in short-term borrowings and overdraft | | | | (1,900,000) | 500,000 |
Borrowings on term loans | | | | 0 | 0 |
Repayments on term loans | | | | 0 | |
Net (repayments) borrowings under the revolving credit facilities | | | | 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 | | | | (1,900,000) | 500,000 |
Effect of exchange rate changes on cash, cash equivalents and restricted cash | | | | (30,700,000) | 6,900,000 |
Net increase (decrease) in cash, cash equivalents and restricted cash | | | | 7,200,000 | (23,100,000) |
Cash, cash equivalents and restricted cash at beginning of period | | | | 88,200,000 | 97,200,000 |
Cash, cash equivalents and restricted cash at end of period | | 95,400,000 | 74,100,000 | 95,400,000 | 74,100,000 |
Revlon Consumer Products Corporation | Reportable Legal Entities | Non-Guarantor Subsidiaries | 5.75% Senior Notes | | | | | |
CASH FLOWS FROM FINANCING ACTIVITIES: | | | | | |
Repayments on term loans | | | | | 0 |
Revlon Consumer Products Corporation | Reportable Legal Entities | Non-Guarantor Subsidiaries | 2019 Term Loan Facility | | | | | |
CASH FLOWS FROM FINANCING ACTIVITIES: | | | | | |
Repayments on term loans | | | | | 0 |
Revlon Consumer Products Corporation | Reportable Legal Entities | Non-Guarantor Subsidiaries | 2018 Foreign Asset-Based Term Facility | | | | | |
CASH FLOWS FROM FINANCING ACTIVITIES: | | | | | |
Repayments on term loans | | | | | 0 |
Revlon Consumer Products Corporation | Reportable Legal Entities | Non-Guarantor Subsidiaries | 2016 Term Loan Facility | | | | | |
CASH FLOWS FROM FINANCING ACTIVITIES: | | | | | |
Repayments on term loans | | | | | 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 |
Borrowings on term loans | | | | 0 | 0 |
Repayments on term loans | | | | 0 | |
Net (repayments) borrowings under the revolving credit facilities | | | | 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 | $ 0 | 0 |
Revlon Consumer Products Corporation | Eliminations | 5.75% Senior Notes | | | | | |
CASH FLOWS FROM FINANCING ACTIVITIES: | | | | | |
Repayments on term loans | | | | | 0 |
Revlon Consumer Products Corporation | Eliminations | 2019 Term Loan Facility | | | | | |
CASH FLOWS FROM FINANCING ACTIVITIES: | | | | | |
Repayments on term loans | | | | | 0 |
Revlon Consumer Products Corporation | Eliminations | 2018 Foreign Asset-Based Term Facility | | | | | |
CASH FLOWS FROM FINANCING ACTIVITIES: | | | | | |
Repayments on term loans | | | | | 0 |
Revlon Consumer Products Corporation | Eliminations | 2016 Term Loan Facility | | | | | |
CASH FLOWS FROM FINANCING ACTIVITIES: | | | | | |
Repayments on term loans | | | | | |
| |
[1] | Repayments on term loans for the six months ended June 30, 2020 includes the repayment of the 2019 Term Loan Facility, repayment under the 2018 Foreign Asset-Based Term Loan and repayments under the 2016 Term Loan Facility of $200.0 million, $31.4 million and $6.9 million, respectively, as well as repurchases of the 5.75% Senior Notes of $99.6 million. During 2020, the Company used a portion of the proceeds from the 2020 BrandCo Facility to repurchase and subsequently cancel a portion of its 5.75% Senior Notes. See Note 8, "Debt" in the Company's 2020 Form 10-K for additional information. | |
[2] | These amounts include restricted cash of $18.6 million and $5.4 million as of June 30, 2021 and 2020, respectively. The balance as of June 30, 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 June 30, 2020 represents: (i) cash on deposit in lieu of a mandatory prepayment under the 2018 Foreign Asset-Based Term Facility; 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 June 30, 2021 and June 30, 2020, respectively. | |
[3] | Repayments on term loans for the six months ended June 30, 2020 includes the repayment of the 2019 Term Loan Facility, repayment under the 2018 Foreign Asset-Based Term Loan and repayments under the 2016 Term Loan Facility of $200.0 million, $31.4 million and $6.9 million, respectively, as well as repurchases of the 5.75% Senior Notes of $99.6 million. During 2020, the Company used a portion of the proceeds from the 2020 BrandCo Facility to repurchase and subsequently cancel a portion of its 5.75% Senior Notes. See Note 8, "Debt" in the Company's 2020 Form 10-K for additional information. | |
[4] | These amounts include restricted cash of $18.6 million and $5.4 million as of June 30, 2021 and 2020, respectively. The balance as of June 30, 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 June 30, 2020 represents: (i) cash on deposit in lieu of a mandatory prepayment under the 2018 Foreign Asset-Based Term Facility; 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 June 30, 2021 and June 30, 2020, respectively | |