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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 492.6 $ (27.3)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 267.6 289.7
Non-cash lease expense 36.6 41.2
Deferred income taxes 99.4 (299.6)
Provision (releases) for bad debts 1.1 (6.4)
Provision for pension and other post-employment benefits 8.5 7.7
Share-based compensation 135.8 22.3
Gain on divestitures (91.1) 0.0
(Gain) loss on sale of business in discontinued operations (4.8) 219.1
Realized and unrealized gains from equity investments, net (516.9) 0.0
Foreign exchange effects (9.9) 31.7
Deferred financing fees write-offs 6.7 0.0
Other 9.3 38.7
Change in operating assets and liabilities    
Trade receivables (188.7) (178.6)
Inventories 40.2 113.8
Prepaid expenses and other current assets (101.5) (73.8)
Accounts payable 257.1 (61.8)
Accrued expenses and other current liabilities 271.8 283.3
Operating lease liabilities (40.2) (79.2)
Income and other taxes payable 46.9 98.0
Other noncurrent assets (4.4) 29.2
Other noncurrent liabilities 18.6 24.7
Net cash provided by operating activities 734.7 472.7
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (86.0) (111.6)
Proceeds from sale of long-term assets 126.5 2.1
Proceeds from contingent consideration from sale of discontinued business 34.0 0.0
Proceeds from sale of business, net of cash disposed 0.0 27.0
Proceeds from sale of discontinued business, net of cash disposed 0.0 2,386.2
Return of capital from equity investments 0.0 448.0
Termination of currency swaps designated as net investment hedges 0.0 (37.6)
Net cash provided by investing activities 74.5 2,714.1
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net proceeds from short-term debt, original maturity less than three months 0.0 1.2
Proceeds from revolving loan facilities 444.3 1,376.2
Repayments of revolving loan facilities (1,114.7) (2,426.1)
Proceeds from issuance of other long-term debt 500.0 0.0
Repayments of term loans and other long-term debt (212.2) (2,113.7)
Dividend payment on Class A Common Stock (1.2) (1.5)
Dividend payment on Convertible Series B Preferred Stock (49.2) 0.0
Proceeds from issuance of Convertible Series B Preferred Stock 0.0 227.2
Net (payments of) proceeds from foreign currency contracts (50.8) 12.6
Purchase of remaining mandatorily redeemable noncontrolling interest (7.1) 0.0
Distributions to noncontrolling interests, redeemable noncontrolling interests and mandatorily redeemable financial instruments (8.5) (6.3)
Payment of deferred financing fees (37.2) 0.0
All other (10.9) (2.4)
Net cash used in financing activities (547.5) (2,932.8)
EFFECT OF EXCHANGE RATES ON CASH, CASH EQUIVALENTS AND RESTRICTED CASH (9.6) (0.7)
NET INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 252.1 253.3
CASH, CASH EQUIVALENTS AND RESTRICTED CASH—Beginning of period 310.4 352.0
CASH, CASH EQUIVALENTS AND RESTRICTED CASH—End of period 562.5 605.3
SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION:    
Cash paid during the period for interest 109.0 133.7
Net cash payments (refunds) for income taxes 43.5 (10.6)
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Accrued capital expenditure additions 56.3 40.3
Redemption of Series B Preferred Stock in exchange for Wella Equity Investment 603.3 0.0
Conversion of Series B Preferred Stock into Class A Common Stock 429.5 0.0
Non-cash Series B Preferred Stock dividends and deemed dividends (contributions) $ (1.1) $ 43.9