XML 36 R9.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
6 Months Ended
Dec. 31, 2014
Dec. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 151.6us-gaap_ProfitLoss $ 195.3us-gaap_ProfitLoss
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 116.7us-gaap_DepreciationAndAmortization 126.6us-gaap_DepreciationAndAmortization
Deferred income taxes (10.3)us-gaap_DeferredIncomeTaxExpenseBenefit (5.8)us-gaap_DeferredIncomeTaxExpenseBenefit
Provision for bad debts 2.3us-gaap_ProvisionForDoubtfulAccounts 4.4us-gaap_ProvisionForDoubtfulAccounts
Provision for pension and other post-employment benefits 10.2us-gaap_PensionAndOtherPostretirementBenefitExpense 9.3us-gaap_PensionAndOtherPostretirementBenefitExpense
Share-based compensation 8.1us-gaap_ShareBasedCompensation 23.5us-gaap_ShareBasedCompensation
Loss on early extinguishment of debt 88.8us-gaap_GainsLossesOnExtinguishmentOfDebt 0us-gaap_GainsLossesOnExtinguishmentOfDebt
Other 10.5us-gaap_OtherNoncashIncomeExpense 10.0us-gaap_OtherNoncashIncomeExpense
Change in operating assets and liabilities, net of effects from purchase of acquired companies:    
Trade receivables (130.7)us-gaap_IncreaseDecreaseInAccountsReceivable (142.5)us-gaap_IncreaseDecreaseInAccountsReceivable
Inventories 48.6us-gaap_IncreaseDecreaseInInventories 59.7us-gaap_IncreaseDecreaseInInventories
Prepaid expenses and other current assets (3.3)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets 8.6us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Accounts payable (29.0)us-gaap_IncreaseDecreaseInAccountsPayable 30.2us-gaap_IncreaseDecreaseInAccountsPayable
Accrued expenses and other current liabilities 126.3coty_IncreaseDecreaseInAccruedExpensesAndOtherLiabilities 127.9coty_IncreaseDecreaseInAccruedExpensesAndOtherLiabilities
Tax accruals (40.4)us-gaap_IncreaseDecreaseInAccruedTaxesPayable 37.8us-gaap_IncreaseDecreaseInAccruedTaxesPayable
Other noncurrent assets 3.7us-gaap_IncreaseDecreaseInOtherNoncurrentAssets (27.9)us-gaap_IncreaseDecreaseInOtherNoncurrentAssets
Other noncurrent liabilities 1.9us-gaap_IncreaseDecreaseInOtherNoncurrentLiabilities (9.8)us-gaap_IncreaseDecreaseInOtherNoncurrentLiabilities
Net cash provided by operating activities 355.0us-gaap_NetCashProvidedByUsedInOperatingActivities 447.3us-gaap_NetCashProvidedByUsedInOperatingActivities
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (103.1)us-gaap_PaymentsToAcquireProductiveAssets (116.6)us-gaap_PaymentsToAcquireProductiveAssets
Payments for business combinations (0.6)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired (25.0)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
Proceeds from sale of asset 14.2us-gaap_ProceedsFromSaleOfProductiveAssets 0.5us-gaap_ProceedsFromSaleOfProductiveAssets
Net cash used in investing activities (89.5)us-gaap_NetCashProvidedByUsedInInvestingActivities (141.1)us-gaap_NetCashProvidedByUsedInInvestingActivities
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from short-term debt, original maturity more than three months 625.6us-gaap_ProceedsFromShortTermDebtMaturingInMoreThanThreeMonths 14.7us-gaap_ProceedsFromShortTermDebtMaturingInMoreThanThreeMonths
Repayments of short-term debt, original maturity more than three months (25.2)us-gaap_RepaymentsOfShortTermDebtMaturingInMoreThanThreeMonths (28.9)us-gaap_RepaymentsOfShortTermDebtMaturingInMoreThanThreeMonths
Net proceeds from short-term debt, original maturity less than three months 14.6us-gaap_ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess 2.1us-gaap_ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess
Proceeds from revolving loan facilities 495.0us-gaap_ProceedsFromLongTermLinesOfCredit 355.0us-gaap_ProceedsFromLongTermLinesOfCredit
Repayments of revolving loan facilities (494.5)us-gaap_RepaymentsOfLongTermLinesOfCredit (365.0)us-gaap_RepaymentsOfLongTermLinesOfCredit
Proceeds from issuance of long-term debt 0.9us-gaap_ProceedsFromIssuanceOfLongTermDebt 0us-gaap_ProceedsFromIssuanceOfLongTermDebt
Repayment of Senior Notes (584.6)us-gaap_RepaymentsOfSeniorDebt 0us-gaap_RepaymentsOfSeniorDebt
Dividend Payment (71.0)us-gaap_PaymentsOfOrdinaryDividends (76.9)us-gaap_PaymentsOfOrdinaryDividends
Net proceeds from issuance of Common Stock 22.4us-gaap_ProceedsFromIssuanceOfCommonStock 3.8us-gaap_ProceedsFromIssuanceOfCommonStock
Net proceeds from issuance of Common Stock to former CEO 12.5coty_ProceedfromissuanceofCommonStocktoformerCEO 0coty_ProceedfromissuanceofCommonStocktoformerCEO
Purchase of Class A Common Stock from former CEO (42.0)coty_PaymentsforrepurchaseofcommonstockfromformerCEO 0coty_PaymentsforrepurchaseofcommonstockfromformerCEO
Payments for purchases of Common Stock held as Treasury Stock (149.2)us-gaap_PaymentsForRepurchaseOfCommonStock (0.3)us-gaap_PaymentsForRepurchaseOfCommonStock
Net proceeds from foreign currency contracts 6.8us-gaap_PaymentsForProceedsFromDerivativeInstrumentFinancingActivities 1.1us-gaap_PaymentsForProceedsFromDerivativeInstrumentFinancingActivities
Payment for business combinations – contingent consideration (0.8)coty_ContingentConsiderationPaymentsForBusinessCombinations (1.1)coty_ContingentConsiderationPaymentsForBusinessCombinations
Proceeds from mandatorily redeemable noncontrolling interests 0coty_ProceedsFromMandatorilyRedeemableFinancialInstrument 2.2coty_ProceedsFromMandatorilyRedeemableFinancialInstrument
Proceeds from noncontrolling interests 1.8us-gaap_ProceedsFromMinorityShareholders 0us-gaap_ProceedsFromMinorityShareholders
Distributions to noncontrolling interests 0coty_PaymentsOfDividendsToNonredeemableMinorityInterest (8.3)coty_PaymentsOfDividendsToNonredeemableMinorityInterest
Purchase of additional noncontrolling interests (14.9)us-gaap_PaymentsToAcquireAdditionalInterestInSubsidiaries 0us-gaap_PaymentsToAcquireAdditionalInterestInSubsidiaries
Distributions to redeemable noncontrolling interests (3.2)coty_PaymentsOfDividendsToRedeemableMinorityInterest (4.0)coty_PaymentsOfDividendsToRedeemableMinorityInterest
Payment of deferred financing fees (5.0)us-gaap_PaymentsOfFinancingCosts (0.5)us-gaap_PaymentsOfFinancingCosts
Net cash used in financing activities (210.8)us-gaap_NetCashProvidedByUsedInFinancingActivities (106.1)us-gaap_NetCashProvidedByUsedInFinancingActivities
EFFECT OF EXCHANGE RATES ON CASH AND CASH EQUIVALENTS (89.5)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents 33.5us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (34.8)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 233.6us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
CASH AND CASH EQUIVALENTS—Beginning of period 1,238.0us-gaap_CashAndCashEquivalentsAtCarryingValue 920.4us-gaap_CashAndCashEquivalentsAtCarryingValue
CASH AND CASH EQUIVALENTS—End of period 1,203.2us-gaap_CashAndCashEquivalentsAtCarryingValue 1,154.0us-gaap_CashAndCashEquivalentsAtCarryingValue
SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION:    
Cash paid during the year for interest 32.8us-gaap_InterestPaidNet 32.3us-gaap_InterestPaidNet
Cash paid during the year for income taxes, net of refunds received 70.0us-gaap_IncomeTaxesPaid 49.7us-gaap_IncomeTaxesPaid
SUPPLEMENTAL DISCLOSURE OF NONCASH FINANCING AND INVESTING ACTIVITIES:    
Accrued capital expenditure additions $ 27.6us-gaap_CapitalExpendituresIncurredButNotYetPaid $ 36.4us-gaap_CapitalExpendituresIncurredButNotYetPaid