XML 26 R9.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income (loss) $ 179.2 $ 259.4 $ (64.2)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 232.0 230.9 250.7
Asset impairment charges 5.5 0.0 316.9
Deferred income taxes (139.2) (87.2) (38.4)
Provision for bad debts 21.9 4.5 3.2
Provision for pension and other post-employment benefits 9.2 16.2 17.9
Share-based compensation 22.2 30.6 46.8
Gain on sale of assets (24.8) (7.2) 0.0
Loss on early extinguishment of debt 3.1 88.8 0.0
Other 12.8 20.5 15.0
Change in operating assets and liabilities, net of effects from purchase of acquired companies:      
Trade receivables (44.5) (43.5) (31.1)
Inventories 27.2 29.4 2.2
Prepaid expenses and other current assets 6.7 6.0 (2.3)
Accounts payable 148.2 7.0 72.4
Accrued expenses and other current liabilities 23.3 16.1 20.3
Income and other taxes payable 15.7 127.7 (31.9)
Other noncurrent assets 9.0 (136.7) (34.4)
Other noncurrent liabilities (6.1) (36.2) (6.6)
Net cash provided by operating activities 501.4 526.3 536.5
CASH FLOWS FROM INVESTING ACTIVITIES:      
Capital expenditures (150.1) (170.9) (201.5)
Payments for business combinations, net of cash acquired (908.7) 11.7 (29.5)
Additions of goodwill 0.0 (30.0) (30.0)
Proceeds from sale of assets 29.2 14.8 3.4
Payments related to loss on foreign currency contracts (29.6) 0.0 0.0
Other 0.0 3.2 0.0
Net cash used in investing activities (1,059.2) (171.2) (257.6)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from short-term debt, original maturity more than three months 19.1 652.2 39.4
Repayments of short-term debt, original maturity more than three months (28.3) (655.0) (48.1)
Net proceeds from (repayments of) short-term debt, original maturity less than three months 25.4 11.6 (8.4)
Proceeds from revolving loan facilities 1,940.0 853.0 750.0
Repayments of revolving loan facilities (1,430.0) (1,616.0) (695.5)
Proceeds from term loans and other long term debt 3,506.2 800.9 625.0
Repayments of term loans and other long term debt (2,499.4) (784.6) 0.0
Dividend payment (89.0) (71.0) (76.9)
Net proceeds from issuance of Common Stock 44.7 48.5 21.9
Payments for purchases of Common Stock held as Treasury Stock (794.9) (263.1) (100.3)
Payments for purchases of related party Common Stock held as Treasury Stock 0.0 0.0 (469.0)
Net payments for foreign currency contracts (9.7) (37.9) (2.1)
Payment for business combinations – contingent consideration 0.0 (0.8) (1.1)
Proceeds from mandatorily redeemable noncontrolling interests and noncontrolling interests 0.0 1.8 3.8
Distributions to mandatorily redeemable noncontrolling interests, redeemable noncontrolling interests and noncontrolling interests (33.2) (21.3) (37.3)
Purchase of additional mandatorily redeemable noncontrolling interests, redeemable noncontrolling interests and noncontrolling interests (0.7) (15.8) (4.4)
Payment of deferred financing fees (57.6) (11.2) (2.7)
Net cash provided by (used in) financing activities 592.6 (1,138.2) (5.7)
EFFECT OF EXCHANGE RATES ON CASH AND CASH EQUIVALENTS (3.7) (113.6) 44.4
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 31.1 (896.7) 317.6
CASH AND CASH EQUIVALENTS—Beginning of period 341.3 1,238.0 920.4
CASH AND CASH EQUIVALENTS—End of period 372.4 341.3 1,238.0
SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION:      
Cash paid during the year for interest 90.3 64.7 63.7
Cash paid during the year for income taxes, net of refunds received 118.1 104.8 84.1
SUPPLEMENTAL DISCLOSURE OF NONCASH FINANCING AND INVESTING ACTIVITIES:      
Accrued capital expenditure additions 78.0 41.2 59.2
Issuance of Treasury stock for Bourjois acquisition      
SUPPLEMENTAL DISCLOSURE OF NONCASH FINANCING AND INVESTING ACTIVITIES:      
Issuance of Treasury stock for Bourjois acquisition 0.0 376.8 0.0
Non-cash capital contribution associated with special share purchase transaction      
SUPPLEMENTAL DISCLOSURE OF NONCASH FINANCING AND INVESTING ACTIVITIES:      
Non-cash capital contribution associated with special share purchase transaction 13.8 0.0 0.0
Non-cash acquisition of additional redeemable noncontrolling interests      
SUPPLEMENTAL DISCLOSURE OF NONCASH FINANCING AND INVESTING ACTIVITIES:      
Non-cash acquisition of additional redeemable noncontrolling interests 10.1 0.0 0.0
CEO      
CASH FLOWS FROM FINANCING ACTIVITIES:      
Net proceeds from issuance of Common Stock 0.0 12.5 0.0
Payments for purchases of Common Stock held as Treasury Stock $ 0.0 $ (42.0) $ 0.0