Guarantor and Non-Guarantor Financial Information | 9 Months Ended |
Jan. 31, 2015 |
Guarantor and Non - Guarantor Financial Information [Abstract] | |
Guarantor and Non-Guarantor Financial Information | Note 16: Guarantor and Non-Guarantor Financial Information |
Our 3.50 percent Senior Notes due October 15, 2021, are fully and unconditionally guaranteed, on a joint and several basis, by J.M. Smucker LLC and The Folgers Coffee Company (the “subsidiary guarantors”), which are 100 percent wholly-owned subsidiaries of the Company. A subsidiary guarantor will be released from its obligations under the indenture governing the notes (a) if we exercise our legal or covenant defeasance option or if our obligations under the indenture are discharged in accordance with the terms of the indenture or (b) upon delivery of an officer’s certificate to the trustee that the subsidiary guarantor does not guarantee our obligations under any of our other primary senior indebtedness and that any other guarantees of such primary senior indebtedness of the subsidiary guarantor have been released other than through discharges as a result of payment by such guarantor on such guarantees. |
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Condensed consolidating financial statements for the Company, the subsidiary guarantors, and the other subsidiaries of the Company that are not guaranteeing the indebtedness under the 3.50 percent Senior Notes (the “non-guarantor subsidiaries”) are provided below. The principal elimination entries relate to investments in subsidiaries and intercompany balances and transactions, including transactions with our 100 percent wholly-owned subsidiary guarantors and non-guarantor subsidiaries. We have accounted for investments in subsidiaries using the equity method. |
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CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME | | | | | | | | | | | | | | | | | | | | |
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| | Three Months Ended January 31, 2015 | |
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| | The J.M. Smucker | | | Subsidiary | | | Non-Guarantor | | | | | | | |
| | Company (Parent) | | | Guarantors | | | Subsidiaries | | | Eliminations | | | Consolidated | |
| | | | | | | | | | | | | | | | | | | | |
Net sales | | $ | 773.4 | | | $ | 281.9 | | | $ | 1,680.20 | | | $ | -1,295.50 | | | $ | 1,440.00 | |
Cost of products sold | | | 604.8 | | | | 256.2 | | | | 1,355.70 | | | | -1,299.60 | | | | 917.1 | |
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Gross Profit | | | 168.6 | | | | 25.7 | | | | 324.5 | | | | 4.1 | | | | 522.9 | |
Selling, distribution, and administrative expenses and other special project costs | | | 53.2 | | | | 12.8 | | | | 177.2 | | | | — | | | | 243.2 | |
Amortization | | | 1.1 | | | | — | | | | 24 | | | | 0.1 | | | | 25.2 | |
Other operating expense (income) – net | | | 0.5 | | | | -1.2 | | | | 0.1 | | | | — | | | | -0.6 | |
| | | | | | | | | | | | | | | | | | | | |
Operating Income | | | 113.8 | | | | 14.1 | | | | 123.2 | | | | 4 | | | | 255.1 | |
Interest (expense) income – net | | | -17 | | | | 0.3 | | | | -0.1 | | | | — | | | | -16.8 | |
Other income (expense) – net | | | 0.2 | | | | 0.1 | | | | -0.2 | | | | — | | | | 0.1 | |
Equity in net earnings of subsidiaries | | | 95.9 | | | | 29.4 | | | | 14.3 | | | | -139.6 | | | | — | |
| | | | | | | | | | | | | | | | | | | | |
Income Before Income Taxes | | | 192.9 | | | | 43.9 | | | | 137.2 | | | | -135.6 | | | | 238.4 | |
Income taxes | | | 32 | | | | 0.1 | | | | 45.4 | | | | — | | | | 77.5 | |
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Net Income | | $ | 160.9 | | | $ | 43.8 | | | $ | 91.8 | | | $ | -135.6 | | | $ | 160.9 | |
Other comprehensive (loss) income, net of tax | | | -35.3 | | | | -5 | | | | -36.9 | | | | 41.9 | | | | -35.3 | |
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Comprehensive Income | | $ | 125.6 | | | $ | 38.8 | | | $ | 54.9 | | | $ | -93.7 | | | $ | 125.6 | |
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CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME | | | | | | | | | | | | | | | | | | | | |
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| | Three Months Ended January 31, 2014 | |
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| | The J.M. Smucker | | | Subsidiary | | | Non-Guarantor | | | | | | | |
| | Company (Parent) | | | Guarantors | | | Subsidiaries | | | Eliminations | | | Consolidated | |
| | | | | | | | | | | | | | | | | | | | |
Net sales | | $ | 791.4 | | | $ | 311.1 | | | $ | 1,720.90 | | | $ | -1,357.90 | | | $ | 1,465.50 | |
Cost of products sold | | | 632.7 | | | | 282.6 | | | | 1,372.00 | | | | -1,367.00 | | | | 920.3 | |
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Gross Profit | | | 158.7 | | | | 28.5 | | | | 348.9 | | | | 9.1 | | | | 545.2 | |
Selling, distribution, and administrative expenses and other special project costs | | | 47.7 | | | | 12.5 | | | | 197.2 | | | | — | | | | 257.4 | |
Amortization | | | 1.1 | | | | — | | | | 23.8 | | | | — | | | | 24.9 | |
Other operating expense (income) – net | | | 0.1 | | | | 0.3 | | | | -1 | | | | — | | | | -0.6 | |
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Operating Income | | | 109.8 | | | | 15.7 | | | | 128.9 | | | | 9.1 | | | | 263.5 | |
Interest (expense) income – net | | | -18.8 | | | | 0.3 | | | | 0.1 | | | | — | | | | -18.4 | |
Other income – net | | | 1.3 | | | | 0.1 | | | | — | | | | — | | | | 1.4 | |
Equity in net earnings of subsidiaries | | | 105.8 | | | | 37.3 | | | | 15.7 | | | | -158.8 | | | | — | |
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Income Before Income Taxes | | | 198.1 | | | | 53.4 | | | | 144.7 | | | | -149.7 | | | | 246.5 | |
Income taxes | | | 31.4 | | | | 0.1 | | | | 48.3 | | | | — | | | | 79.8 | |
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Net Income | | $ | 166.7 | | | $ | 53.3 | | | $ | 96.4 | | | $ | -149.7 | | | $ | 166.7 | |
Other comprehensive (loss) income, net of tax | | | -11.3 | | | | 2.5 | | | | -13.5 | | | | 11 | | | | -11.3 | |
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Comprehensive Income | | $ | 155.4 | | | $ | 55.8 | | | $ | 82.9 | | | $ | -138.7 | | | $ | 155.4 | |
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CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME |
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| | Nine Months Ended January 31, 2015 | |
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| | The J.M. Smucker | | | Subsidiary | | | Non-Guarantor | | | | | | | |
| | Company (Parent) | | | Guarantors | | | Subsidiaries | | | Eliminations | | | Consolidated | |
Net sales | | $ | 2,285.10 | | | $ | 918.7 | | | $ | 4,983.60 | | | $ | -3,941.80 | | | $ | 4,245.60 | |
Cost of products sold | | | 1,837.60 | | | | 832.8 | | | | 3,981.50 | | | | -3,944.40 | | | | 2,707.50 | |
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Gross Profit | | | 447.5 | | | | 85.9 | | | | 1,002.10 | | | | 2.6 | | | | 1,538.10 | |
Selling, distribution, and administrative expenses and other special project costs | | | 156.5 | | | | 39 | | | | 564.9 | | | | — | | | | 760.4 | |
Amortization | | | 3.2 | | | | — | | | | 72 | | | | 0.1 | | | | 75.3 | |
Other operating expense – net | | | 0.2 | | | | 0.7 | | | | — | | | | — | | | | 0.9 | |
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Operating Income | | | 287.6 | | | | 46.2 | | | | 365.2 | | | | 2.5 | | | | 701.5 | |
Interest (expense) income – net | | | -51 | | | | 0.9 | | | | -0.3 | | | | — | | | | -50.4 | |
Other income (expense) – net | | | 1.7 | | | | 0.1 | | | | -0.1 | | | | — | | | | 1.7 | |
Equity in net earnings of subsidiaries | | | 277.7 | | | | 103.8 | | | | 46.4 | | | | -427.9 | | | | — | |
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Income Before Income Taxes | | | 516 | | | | 151 | | | | 411.2 | | | | -425.4 | | | | 652.8 | |
Income taxes | | | 80.8 | | | | 0.3 | | | | 136.5 | | | | — | | | | 217.6 | |
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Net Income | | $ | 435.2 | | | $ | 150.7 | | | $ | 274.7 | | | $ | -425.4 | | | $ | 435.2 | |
Other comprehensive (loss) income, net of tax | | | -57.9 | | | | -15.8 | | | | -62.7 | | | | 78.5 | | | | -57.9 | |
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Comprehensive Income | | $ | 377.3 | | | $ | 134.9 | | | $ | 212 | | | $ | -346.9 | | | $ | 377.3 | |
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CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME |
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| | Nine Months Ended January 31, 2014 | |
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| | The J.M. Smucker | | | Subsidiary | | | Non-Guarantor | | | | | | | |
| | Company (Parent) | | | Guarantors | | | Subsidiaries | | | Eliminations | | | Consolidated | |
Net sales | | $ | 2,380.00 | | | $ | 992 | | | $ | 5,169.50 | | | $ | -4,165.20 | | | $ | 4,376.30 | |
Cost of products sold | | | 1,925.70 | | | | 905.8 | | | | 4,116.90 | | | | -4,162.80 | | | | 2,785.60 | |
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Gross Profit | | | 454.3 | | | | 86.2 | | | | 1,052.60 | | | | -2.4 | | | | 1,590.70 | |
Selling, distribution, and administrative expenses and other special project costs | | | 151.7 | | | | 35.8 | | | | 603.1 | | | | — | | | | 790.6 | |
Amortization | | | 3.2 | | | | — | | | | 70.9 | | | | — | | | | 74.1 | |
Other operating (income) expense – net | | | -1.3 | | | | 0.4 | | | | -0.7 | | | | — | | | | -1.6 | |
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Operating Income | | | 300.7 | | | | 50 | | | | 379.3 | | | | -2.4 | | | | 727.6 | |
Interest (expense) income – net | | | (63.2 | | | | 0.9 | | | | -0.4 | | | | — | | | | -62.7 | |
Other income (expense) – net | | | 1.3 | | | | -0.1 | | | | -0.1 | | | | — | | | | 1.1 | |
Equity in net earnings of subsidiaries | | | 283.9 | | | | 109.5 | | | | 49.8 | | | | -443.2 | | | | — | |
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Income Before Income Taxes | | | 522.7 | | | | 160.3 | | | | 428.6 | | | | -445.6 | | | | 666 | |
Income taxes | | | 76 | | | | 0.3 | | | | 143 | | | | — | | | | 219.3 | |
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Net Income | | $ | 446.7 | | | $ | 160 | | | $ | 285.6 | | | $ | -445.6 | | | $ | 446.7 | |
Other comprehensive (loss) income, net of tax | | | -17.7 | | | | 7.6 | | | | -22 | | | | 14.4 | | | | -17.7 | |
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Comprehensive Income | | $ | 429 | | | $ | 167.6 | | | $ | 263.6 | | | $ | -431.2 | | | $ | 429 | |
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CONDENSED CONSOLIDATING BALANCE SHEETS |
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| | | | | | | | | | | | | | | | | | | | |
| | January 31, 2015 | |
| | | | | |
| | The J.M. Smucker | | | Subsidiary | | | Non-Guarantor | | | | | | | |
| | Company (Parent) | | | Guarantors | | | Subsidiaries | | | Eliminations | | | Consolidated | |
ASSETS | | | | | | | | | | | | | | | | | | | | |
Current Assets | | | | | | | | | | | | | | | | | | | | |
Cash and cash equivalents | | | 12.3 | | | | — | | | | 99.4 | | | | — | | | | 111.7 | |
Inventories | | | — | | | | 166.8 | | | | 774.9 | | | | 2.5 | | | | 944.2 | |
Other current assets | | | 392 | | | | 8.4 | | | | 71.4 | | | | -12.1 | | | | 459.7 | |
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Total Current Assets | | | 404.3 | | | | 175.2 | | | | 945.7 | | | | -9.6 | | | | 1,515.60 | |
Property, Plant, and Equipment – Net | | | 248.4 | | | | 584 | | | | 490.9 | | | | — | | | | 1,323.30 | |
Investments in Subsidiaries | | | 8,663.50 | | | | 4,152.40 | | | | 268.4 | | | | -13,084.30 | | | | — | |
Intercompany Receivable | | | — | | | | 311.3 | | | | 1,353.40 | | | | -1,664.70 | | | | — | |
Other Noncurrent Assets | | | | | | | | | | | | | | | | | | | | |
Goodwill | | | 1,082.00 | | | | — | | | | 2,052.90 | | | | — | | | | 3,134.90 | |
Other intangible assets – net | | | 502.2 | | | | — | | | | 2,471.70 | | | | — | | | | 2,973.90 | |
Other noncurrent assets | | | 71.1 | | | | 10.6 | | | | 66.2 | | | | — | | | | 147.9 | |
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Total Other Noncurrent Assets | | | 1,655.30 | | | | 10.6 | | | | 4,590.80 | | | | — | | | | 6,256.70 | |
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Total Assets | | | 10,971.50 | | | | 5,233.50 | | | | 7,649.20 | | | | -14,758.60 | | | | 9,095.60 | |
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LIABILITIES AND SHAREHOLDERS’ EQUITY | | | | | | | | | | | | | | | | | | | | |
Current Liabilities | | | 490.6 | | | | 78.2 | | | | 153.5 | | | | -12.2 | | | | 710.1 | |
Noncurrent Liabilities | | | | | | | | | | | | | | | | | | | | |
Long-term debt | | | 1,891.80 | | | | — | | | | — | | | | — | | | | 1,891.80 | |
Deferred income taxes | | | 110.4 | | | | — | | | | 915.2 | | | | — | | | | 1,025.60 | |
Intercompany payable | | | 3,033.20 | | | | — | | | | — | | | | -3,033.20 | | | | — | |
Other noncurrent liabilities | | | 221.3 | | | | 12.7 | | | | 9.9 | | | | — | | | | 243.9 | |
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Total Noncurrent Liabilities | | | 5,256.70 | | | | 12.7 | | | | 925.1 | | | | -3,033.20 | | | | 3,161.30 | |
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Total Liabilities | | | 5,747.30 | | | | 90.9 | | | | 1,078.60 | | | | -3,045.40 | | | | 3,871.40 | |
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Total Shareholders’ Equity | | | 5,224.20 | | | | 5,142.60 | | | | 6,570.60 | | | | -11,713.20 | | | | 5,224.20 | |
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Total Liabilities and Shareholders’ Equity | | | 10,971.50 | | | | 5,233.50 | | | | 7,649.20 | | | | -14,758.60 | | | | 9,095.60 | |
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CONDENSED CONSOLIDATING BALANCE SHEETS |
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| | April 30, 2014 | |
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| | The J.M. Smucker | | | Subsidiary | | | Non-Guarantor | | | | | | | |
| | Company (Parent) | | | Guarantors | | | Subsidiaries | | | Eliminations | | | Consolidated | |
ASSETS | | | | | | | | | | | | | | | | | | | | |
Current Assets | | | | | | | | | | | | | | | | | | | | |
Cash and cash equivalents | | $ | 6.8 | | | $ | — | | | $ | 146.7 | | | $ | — | | | $ | 153.5 | |
Inventories | | | — | | | | 173.3 | | | | 761.4 | | | | -3.7 | | | | 931 | |
Other current assets | | | 360.2 | | | | 9.9 | | | | 94.6 | | | | -10.1 | | | | 454.6 | |
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Total Current Assets | | | 367 | | | | 183.2 | | | | 1,002.70 | | | | -13.8 | | | | 1,539.10 | |
Property, Plant, and Equipment – Net | | | 233.6 | | | | 551.1 | | | | 480.9 | | | | — | | | | 1,265.60 | |
Investments in Subsidiaries | | | 8,367.60 | | | | 4,063.30 | | | | 237.9 | | | | -12,668.80 | | | | — | |
Intercompany Receivable | | | — | | | | 315.5 | | | | 1,132.20 | | | | -1,447.70 | | | | — | |
Other Noncurrent Assets | | | | | | | | | | | | | | | | | | | | |
Goodwill | | | 1,082.00 | | | | — | | | | 2,016.20 | | | | — | | | | 3,098.20 | |
Other intangible assets – net | | | 505.5 | | | | — | | | | 2,518.80 | | | | — | | | | 3,024.30 | |
Other noncurrent assets | | | 70.4 | | | | 11.1 | | | | 63.4 | | | | — | | | | 144.9 | |
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Total Other Noncurrent Assets | | | 1,657.90 | | | | 11.1 | | | | 4,598.40 | | | | — | | | | 6,267.40 | |
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Total Assets | | $ | 10,626.10 | | | $ | 5,124.20 | | | $ | 7,452.10 | | | $ | -14,130.30 | | | $ | 9,072.10 | |
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LIABILITIES AND SHAREHOLDERS’ EQUITY | | | | | | | | | | | | | | | | | | | | |
Current Liabilities | | $ | 595.9 | | | $ | 103.8 | | | $ | 201.4 | | | $ | -10.1 | | | $ | 891 | |
Noncurrent Liabilities | | | | | | | | | | | | | | | | | | | | |
Long-term debt | | | 1,879.80 | | | | — | | | | — | | | | — | | | | 1,879.80 | |
Deferred income taxes | | | 107.6 | | | | — | | | | 913.1 | | | | — | | | | 1,020.70 | |
Intercompany payable | | | 2,792.90 | | | | — | | | | — | | | | -2,792.90 | | | | — | |
Other noncurrent liabilities | | | 220.3 | | | | 12.8 | | | | 17.9 | | | | — | | | | 251 | |
| | | | | | | | | | | | | | | | | | | | |
Total Noncurrent Liabilities | | | 5,000.60 | | | | 12.8 | | | | 931 | | | | -2,792.90 | | | | 3,151.50 | |
| | | | | | | | | | | | | | | | | | | | |
Total Liabilities | | | 5,596.50 | | | | 116.6 | | | | 1,132.40 | | | | -2,803.00 | | | | 4,042.50 | |
| | | | | | | | | | | | | | | | | | | | |
Total Shareholders’ Equity | | | 5,029.60 | | | | 5,007.60 | | | | 6,319.70 | | | | -11,327.30 | | | | 5,029.60 | |
| | | | | | | | | | | | | | | | | | | | |
Total Liabilities and Shareholders’ Equity | | $ | 10,626.10 | | | $ | 5,124.20 | | | $ | 7,452.10 | | | $ | -14,130.30 | | | $ | 9,072.10 | |
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CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS |
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| | | | | | | | | | | | | | | | | | | | |
| | Nine Months Ended January 31, 2015 | |
| | | | | |
| | The J.M. Smucker | | | Subsidiary | | | Non-Guarantor | | | Eliminations | | | Consolidated | |
Company (Parent) | Guarantors | Subsidiaries |
Net Cash Provided by Operating Activities | | $ | 162.7 | | | $ | 70.4 | | | $ | 278.5 | | | $ | — | | | $ | 511.6 | |
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Investing Activities | | | | | | | | | | | | | | | | | | | | |
Businesses acquired, net of cash acquired | | | — | | | | — | | | | -80.5 | | | | — | | | | -80.5 | |
Additions to property, plant, and equipment | | | -36 | | | | -68.9 | | | | -57.2 | | | | — | | | | -162.1 | |
Equity investments in subsidiaries | | | -83.1 | | | | — | | | | — | | | | 83.1 | | | | — | |
Proceeds from disposal of property, plant, and equipment | | | — | | | | 1.1 | | | | 0.5 | | | | — | | | | 1.6 | |
Repayments from (Disbursements of) intercompany loans | | | — | | | | 4.2 | | | | -244.5 | | | | 240.3 | | | | — | |
Other – net | | | — | | | | -6.8 | | | | -5.2 | | | | — | | | | -12 | |
| | | | | | | | | | | | | | | | | | | | |
Net Cash (Used for) Provided by Investing Activities | | | -119.1 | | | | -70.4 | | | | -386.9 | | | | 323.4 | | | | -253 | |
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Financing Activities | | | | | | | | | | | | | | | | | | | | |
Revolving credit facility – net | | | 15.6 | | | | — | | | | — | | | | — | | | | 15.6 | |
Repayments of long-term debt | | | -100 | | | | — | | | | — | | | | — | | | | -100 | |
Quarterly dividends paid | | | -189 | | | | — | | | | — | | | | — | | | | -189 | |
Purchase of treasury shares | | | -15.3 | | | | — | | | | — | | | | — | | | | -15.3 | |
Proceeds from stock option exercises | | | 0.8 | | | | — | | | | — | | | | — | | | | 0.8 | |
Investments in subsidiaries | | | — | | | | — | | | | 83.1 | | | | -83.1 | | | | — | |
Intercompany payable | | | 240.3 | | | | — | | | | — | | | | -240.3 | | | | — | |
Other – net | | | 9.5 | | | | — | | | | — | | | | — | | | | 9.5 | |
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Net Cash (Used for) Provided by Financing Activities | | | -38.1 | | | | — | | | | 83.1 | | | | (323.4 | | | | -278.4 | |
Effect of exchange rate changes on cash | | | — | | | | — | | | | -22 | | | | — | | | | -22 | |
| | | | | | | | | | | | | | | | | | | | |
Net increase (decrease) in cash and cash equivalents | | | 5.5 | | | | — | | | | -47.3 | | | | — | | | | -41.8 | |
Cash and cash equivalents at beginning of period | | | 6.8 | | | | — | | | | 146.7 | | | | — | | | | 153.5 | |
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Cash and Cash Equivalents at End of Period | | $ | 12.3 | | | $ | — | | | $ | 99.4 | | | | — | | | $ | 111.7 | |
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CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS |
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| | Nine Months Ended January 31, 2014 | |
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| | The J.M. Smucker | | | Subsidiary | | | Non-Guarantor | | | Eliminations | | | Consolidated | |
Company (Parent) | Guarantors | Subsidiaries |
Net Cash Provided by Operating Activities | | $ | 171.2 | | | $ | 61 | | | $ | 356.9 | | | $ | — | | | $ | 589.1 | |
| | | | | | | | | | | | | | | | | | | | |
Investing Activities | | | | | | | | | | | | | | | | | | | | |
Businesses acquired, net of cash acquired | | | — | | | | — | | | | -101.8 | | | | — | | | | -101.8 | |
Additions to property, plant, and equipment | | | -20 | | | | -83.8 | | | | -45.1 | | | | — | | | | -148.9 | |
Equity investments in subsidiaries | | | -101.8 | | | | — | | | | — | | | | 101.8 | | | | — | |
Proceeds from disposal of property, plant, and equipment | | | — | | | | 0.5 | | | | 1.3 | | | | — | | | | 1.8 | |
Repayments from (disbursements of) intercompany loans | | | — | | | | 23.3 | | | | -285 | | | | 261.7 | | | | — | |
Other – net | | | -3.4 | | | | -1 | | | | -3.9 | | | | — | | | | -8.3 | |
| | | | | | | | | | | | | | | | | | | | |
Net Cash (Used for) Provided by Investing Activities | | | -125.2 | | | | -61 | | | | -434.5 | | | | 363.5 | | | | -257.2 | |
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Financing Activities | | | | | | | | | | | | | | | | | | | | |
Quarterly dividends paid | | | -177.4 | | | | — | | | | — | | | | — | | | | -177.4 | |
Purchase of treasury shares | | | -227 | | | | — | | | | — | | | | — | | | | -227 | |
Proceeds from stock option exercises | | | 0.4 | | | | — | | | | — | | | | — | | | | 0.4 | |
Investments in subsidiaries | | | — | | | | — | | | | 101.8 | | | | -101.8 | | | | — | |
Intercompany payable | | | 261.7 | | | | — | | | | — | | | | -261.7 | | | | — | |
Other – net | | | 6.6 | | | | — | | | | -7.8 | | | | — | | | | -1.2 | |
| | | | | | | | | | | | | | | | | | | | |
Net Cash (Used for) Provided by Financing Activities | | | -135.7 | | | | — | | | | 94 | | | | -363.5 | | | | -405.2 | |
Effect of exchange rate changes | | | — | | | | — | | | | -14.5 | | | | — | | | | -14.5 | |
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Net (decrease) increase in cash and cash equivalents | | | -89.7 | | | | — | | | | 1.9 | | | | — | | | | -87.8 | |
Cash and cash equivalents at beginning of period | | | 108 | | | | — | | | | 148.4 | | | | — | | | | 256.4 | |
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Cash and Cash Equivalents at End of Period | | $ | 18.3 | | | $ | — | | | $ | 150.3 | | | $ | — | | | $ | 168.6 | |
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