GUARANTOR FINANCIAL INFORMATION Statement of Cash Flows (Details) (USD $) | 9 Months Ended |
In Millions, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 |
CASH FLOWS FROM OPERATING ACTIVITIES: | ' | | ' |
Net cash provided by operating activities | $46.70 | | $5.80 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ' | | ' |
Capital expenditures | -30.3 | | -17.9 |
Insurance proceeds for property, plant and equipment | 0 | | 13.1 |
Proceeds from the sale of certain assets | 0.9 | | 3.4 |
Net cash used in investing activities | -29.4 | | -1.4 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | | ' |
Net (decrease) increase in short-term borrowings and overdraft | -3.1 | | 0.2 |
Payment of financing costs | -1.8 | | -32.7 |
Other financing activities | -2.1 | | -1.8 |
Net cash (used in) provided by financing activities | -70.7 | | 22.7 |
Effect of exchange rate changes on cash and cash equivalents | -12.3 | | -4.1 |
Net (decrease) increase in cash and cash equivalents | -65.7 | | 23 |
Cash and cash equivalents at beginning of period | 244.1 | [1] | 116.3 |
Cash and cash equivalents at end of period | 178.4 | | 139.3 |
Products Corporation | ' | | ' |
CASH FLOWS FROM OPERATING ACTIVITIES: | ' | | ' |
Net cash provided by operating activities | 2.2 | | 38.4 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ' | | ' |
Capital expenditures | -23.2 | | -15.5 |
Insurance proceeds for property, plant and equipment | ' | | 0 |
Proceeds from the sale of certain assets | 0 | | 0.3 |
Net cash used in investing activities | -23.2 | | -15.2 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | | ' |
Net (decrease) increase in short-term borrowings and overdraft | -3.7 | | -1.4 |
Payment of financing costs | -1.8 | | -32.7 |
Other financing activities | -1.7 | | -1.5 |
Net cash (used in) provided by financing activities | -70.9 | | 21.4 |
Effect of exchange rate changes on cash and cash equivalents | 0 | | 0 |
Net (decrease) increase in cash and cash equivalents | -91.9 | | 44.6 |
Cash and cash equivalents at beginning of period | 141.3 | [2] | 59.1 |
Cash and cash equivalents at end of period | 49.4 | | 103.7 |
Guarantor Subsidiaries | ' | | ' |
CASH FLOWS FROM OPERATING ACTIVITIES: | ' | | ' |
Net cash provided by operating activities | 55.7 | | 0.7 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ' | | ' |
Capital expenditures | -0.3 | | -0.5 |
Insurance proceeds for property, plant and equipment | ' | | 0 |
Proceeds from the sale of certain assets | 0 | | 0 |
Net cash used in investing activities | -0.3 | | -0.5 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | | ' |
Net (decrease) increase in short-term borrowings and overdraft | -1.9 | | -0.1 |
Payment of financing costs | 0 | | 0 |
Other financing activities | 0 | | 0 |
Net cash (used in) provided by financing activities | -1.9 | | -0.1 |
Effect of exchange rate changes on cash and cash equivalents | 0 | | 0 |
Net (decrease) increase in cash and cash equivalents | 53.5 | | 0.1 |
Cash and cash equivalents at beginning of period | 0.8 | | 0 |
Cash and cash equivalents at end of period | 68 | | 0.1 |
Non-Guarantor Subsidiaries | ' | | ' |
CASH FLOWS FROM OPERATING ACTIVITIES: | ' | | ' |
Net cash provided by operating activities | -11.2 | | -33.3 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ' | | ' |
Capital expenditures | -6.8 | | -1.9 |
Insurance proceeds for property, plant and equipment | ' | | 13.1 |
Proceeds from the sale of certain assets | 0.9 | | 3.1 |
Net cash used in investing activities | -5.9 | | 14.3 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | | ' |
Net (decrease) increase in short-term borrowings and overdraft | 2.5 | | 1.7 |
Payment of financing costs | 0 | | 0 |
Other financing activities | -0.4 | | -0.3 |
Net cash (used in) provided by financing activities | 2.1 | | 1.4 |
Effect of exchange rate changes on cash and cash equivalents | -12.3 | | -4.1 |
Net (decrease) increase in cash and cash equivalents | -27.3 | | -21.7 |
Cash and cash equivalents at beginning of period | 102 | [2],[3] | 57.2 |
Cash and cash equivalents at end of period | 61 | | 35.5 |
Eliminations | ' | | ' |
CASH FLOWS FROM OPERATING ACTIVITIES: | ' | | ' |
Net cash provided by operating activities | 0 | | 0 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ' | | ' |
Capital expenditures | 0 | | 0 |
Insurance proceeds for property, plant and equipment | ' | | 0 |
Proceeds from the sale of certain assets | 0 | | 0 |
Net cash used in investing activities | 0 | | 0 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | | ' |
Net (decrease) increase in short-term borrowings and overdraft | 0 | | 0 |
Payment of financing costs | 0 | | 0 |
Other financing activities | 0 | | 0 |
Net cash (used in) provided by financing activities | 0 | | 0 |
Effect of exchange rate changes on cash and cash equivalents | 0 | | 0 |
Net (decrease) increase in cash and cash equivalents | 0 | | 0 |
Cash and cash equivalents at beginning of period | 0 | [4] | 0 |
Cash and cash equivalents at end of period | 0 | | 0 |
Consolidated | ' | | ' |
CASH FLOWS FROM OPERATING ACTIVITIES: | ' | | ' |
Net cash provided by operating activities | 46.7 | | 5.8 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ' | | ' |
Capital expenditures | -30.3 | | -17.9 |
Insurance proceeds for property, plant and equipment | ' | | 13.1 |
Proceeds from the sale of certain assets | 0.9 | | 3.4 |
Net cash used in investing activities | -29.4 | | -1.4 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | | ' |
Net (decrease) increase in short-term borrowings and overdraft | -3.1 | | 0.2 |
Payment of financing costs | -1.8 | | -32.7 |
Other financing activities | -2.1 | | -1.8 |
Net cash (used in) provided by financing activities | -70.7 | | 22.7 |
Effect of exchange rate changes on cash and cash equivalents | -12.3 | | -4.1 |
Net (decrease) increase in cash and cash equivalents | -65.7 | | 23 |
Cash and cash equivalents at beginning of period | 244.1 | | 116.3 |
Cash and cash equivalents at end of period | 178.4 | | 139.3 |
5 3/4% Senior Notes Due 2021 | ' | | ' |
Condensed Cash Flow Statements, Captions [Line Items] | ' | | ' |
Stated interest rate (percent) | 5.75% | | ' |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | | ' |
Proceeds from the issuance of the 5¾% Senior Notes | 0 | | 500 |
5 3/4% Senior Notes Due 2021 | Products Corporation | ' | | ' |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | | ' |
Proceeds from the issuance of the 5¾% Senior Notes | ' | | 500 |
5 3/4% Senior Notes Due 2021 | Guarantor Subsidiaries | ' | | ' |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | | ' |
Proceeds from the issuance of the 5¾% Senior Notes | ' | | 0 |
5 3/4% Senior Notes Due 2021 | Non-Guarantor Subsidiaries | ' | | ' |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | | ' |
Proceeds from the issuance of the 5¾% Senior Notes | ' | | 0 |
5 3/4% Senior Notes Due 2021 | Eliminations | ' | | ' |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | | ' |
Proceeds from the issuance of the 5¾% Senior Notes | ' | | 0 |
5 3/4% Senior Notes Due 2021 | Consolidated | ' | | ' |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | | ' |
Proceeds from the issuance of the 5¾% Senior Notes | ' | | 500 |
9 3/4% Senior Secured Notes Due 2015 | ' | | ' |
Condensed Cash Flow Statements, Captions [Line Items] | ' | | ' |
Stated interest rate (percent) | 9.75% | | ' |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | | ' |
Repayments of long term debt | 0 | | -330 |
9 3/4% Senior Secured Notes Due 2015 | Products Corporation | ' | | ' |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | | ' |
Repayments of long term debt | ' | | -330 |
9 3/4% Senior Secured Notes Due 2015 | Guarantor Subsidiaries | ' | | ' |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | | ' |
Repayments of long term debt | ' | | 0 |
9 3/4% Senior Secured Notes Due 2015 | Non-Guarantor Subsidiaries | ' | | ' |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | | ' |
Repayments of long term debt | ' | | 0 |
9 3/4% Senior Secured Notes Due 2015 | Eliminations | ' | | ' |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | | ' |
Repayments of long term debt | ' | | 0 |
9 3/4% Senior Secured Notes Due 2015 | Consolidated | ' | | ' |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | | ' |
Repayments of long term debt | ' | | -330 |
Senior Subordinated Term Loan Due 2014 | ' | | ' |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | | ' |
Repayments of long term debt | -58.4 | | 0 |
Senior Subordinated Term Loan Due 2014 | Products Corporation | ' | | ' |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | | ' |
Repayments of long term debt | -58.4 | | ' |
Senior Subordinated Term Loan Due 2014 | Guarantor Subsidiaries | ' | | ' |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | | ' |
Repayments of long term debt | 0 | | ' |
Senior Subordinated Term Loan Due 2014 | Non-Guarantor Subsidiaries | ' | | ' |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | | ' |
Repayments of long term debt | 0 | | ' |
Senior Subordinated Term Loan Due 2014 | Eliminations | ' | | ' |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | | ' |
Repayments of long term debt | 0 | | ' |
Senior Subordinated Term Loan Due 2014 | Consolidated | ' | | ' |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | | ' |
Repayments of long term debt | -58.4 | | ' |
Acquisition Term Loan | ' | | ' |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | | ' |
Repayments of long term debt | -5.3 | | 0 |
Acquisition Term Loan | Products Corporation | ' | | ' |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | | ' |
Repayments of long term debt | -5.3 | | ' |
Acquisition Term Loan | Guarantor Subsidiaries | ' | | ' |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | | ' |
Repayments of long term debt | 0 | | ' |
Acquisition Term Loan | Non-Guarantor Subsidiaries | ' | | ' |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | | ' |
Repayments of long term debt | 0 | | ' |
Acquisition Term Loan | Eliminations | ' | | ' |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | | ' |
Repayments of long term debt | 0 | | ' |
Acquisition Term Loan | Consolidated | ' | | ' |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | | ' |
Repayments of long term debt | -5.3 | | ' |
2011 Term Loan | ' | | ' |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | | ' |
Repayments of long term debt | 0 | | -113 |
2011 Term Loan | Products Corporation | ' | | ' |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | | ' |
Repayments of long term debt | ' | | -113 |
2011 Term Loan | Guarantor Subsidiaries | ' | | ' |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | | ' |
Repayments of long term debt | ' | | 0 |
2011 Term Loan | Non-Guarantor Subsidiaries | ' | | ' |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | | ' |
Repayments of long term debt | ' | | 0 |
2011 Term Loan | Eliminations | ' | | ' |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | | ' |
Repayments of long term debt | ' | | 0 |
2011 Term Loan | Consolidated | ' | | ' |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | | ' |
Repayments of long term debt | ' | | ($113) |
|
[1] | During the nine months ended September 30, 2014, the Company recorded Measurement Period Adjustments (as hereinafter defined) to certain net assets and intangible assets acquired in the Colomer Acquisition (as hereinafter defined) on October 9, 2013. Accordingly, the prior period has been retrospectively adjusted for such Measurement Period Adjustments. Refer to Note 2, "Business Combination" for additional details. |
[2] | In the second quarter of 2014, the Company retrospectively adjusted deferred taxes for an immaterial correction, as discussed in Note 1, Description of Business and Basis of Presentation. For the Guarantor financials, the correction also included moving certain tax balances from Non-Guarantor to the Products Corporation Balance Sheet as of December 31, 2013. |
[3] | During the three months ended March 31, 2014, the Company recorded Measurement Period Adjustments to certain net assets and intangible assets acquired in the Colomer Acquisition on October 9, 2013. Accordingly, the prior period has been retrospectively adjusted for such Measurement Period Adjustments. Refer to Note 2, "Business Combination" for additional details. |
[4] | In January 2014, Colomer's U.S. subsidiaries became additional guarantors under Products Corporation's Amended Credit Agreements and 5¾% Senior Notes. Accordingly, for cash flow presentation purposes, the cash and cash equivalents at the beginning of the period associated with Colomer's U.S. subsidiaries have been reported under Guarantor Subsidiaries. |