CONSOLIDATING FINANCIAL STATEMENTS OF PBF HOLDING (Tables)

12 Months Ended

Dec. 31, 2019

Text Block [Abstract]

Condensed Consolidating Balance Sheet

CONSOLIDATING BALANCE SHEETS

	December 31, 2019
(in millions)	Issuer			Guarantor Subsidiaries			Non- Guarantor Subsidiaries		Combining and Consolidating Adjustments			Total
ASSETS
Current assets:
Cash and cash equivalents	$	734.0		$	6.0		$	23.1	$	—		$	763.1
Accounts receivable		788.1			6.6			31.9		—			826.6
Accounts receivable - affiliate		2.6			3.0			0.9		—			6.5
Inventories		1,913.3			—			208.9		—			2,122.2
Prepaid and other current assets		18.7			27.3			2.0		—			48.0
Due from related parties		39,148.7			26,857.6			12,295.9		(78,302.2	)		—
Total current assets		42,605.4			26,900.5			12,562.7		(78,302.2	)		3,766.4
Property, plant and equipment, net		15.8			2,916.2			236.6		—			3,168.6
Investment in subsidiaries		—			227.2			—		(227.2	)		—
Operating lease right of use assets - third party		150.1			155.9			0.1		—			306.1
Operating lease right of use assets - affiliate		586.5			63.8			—		—			650.3
Deferred charges and other assets, net		27.0			927.2			—		—			954.2
Total assets	$	43,384.8		$	31,190.8		$	12,799.4	$	(78,529.4	)	$	8,845.6
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable	$	438.7		$	134.0		$	18.5	$	—		$	591.2
Accounts payable - affiliate		46.3			1.5			0.3		—			48.1
Accrued expenses		1,462.1			114.0			215.3		—			1,791.4
Current operating lease liabilities - third party		63.3			8.7			—		—			72.0
Current operating lease liabilities - affiliate		76.4			2.8			—		—			79.2
Deferred revenue		15.3			1.7			—		—			17.0
Due to related parties		31,996.2			33,994.6			12,311.4		(78,302.2	)		—
Total current liabilities		34,098.3			34,257.3			12,545.5		(78,302.2	)		2,598.9
Long-term debt		1,200.8			47.6			14.4		—			1,262.8
Deferred tax liabilities		—			—			31.4		—			31.4
Long-term operating lease liabilities - third party		85.6			147.3			—		—			232.9
Long-term operating lease liabilities - affiliate		510.2			60.9			—		—			571.1
Other long-term liabilities		55.9			192.3			3.1		—			251.3
Investment in subsidiaries		3,536.8			—			—		(3,536.8	)		—
Total liabilities		39,487.6			34,705.4			12,594.4		(81,839.0	)		4,948.4
Commitments and contingencies
Equity:
PBF Holding Company LLC equity
Member’s equity		2,739.1			1,595.2			141.0		(1,736.2	)		2,739.1
Retained earnings		1,156.9			(5,123.9	)		64.0		5,059.9			1,156.9
Accumulated other comprehensive income (loss)		(9.7	)		3.2			—		(3.2	)		(9.7	)
Total PBF Holding Company LLC equity		3,886.3			(3,525.5	)		205.0		3,320.5			3,886.3
Noncontrolling interest		10.9			10.9			—		(10.9	)		10.9
Total equity		3,897.2			(3,514.6	)		205.0		3,309.6			3,897.2
Total liabilities and equity	$	43,384.8		$	31,190.8		$	12,799.4	$	(78,529.4	)	$	8,845.6

CONSOLIDATING BALANCE SHEETS

	December 31, 2018
(in millions)	Issuer			Guarantor Subsidiaries			Non- Guarantor Subsidiaries		Combining and Consolidating Adjustments			Total
ASSETS
Current assets:
Cash and cash equivalents	$	526.0		$	9.1		$	26.6	$	—		$	561.7
Accounts receivable		690.1			7.2			13.4		—			710.7
Accounts receivable - affiliate		1.8			9.5			0.7		—			12.0
Inventories		1,685.4			—			178.7		—			1,864.1
Prepaid and other current assets		20.7			30.0			1.8		—			52.5
Due from related parties		33,793.1			25,057.3			9,534.2		(68,384.6	)		—
Total current assets		36,717.1			25,113.1			9,755.4		(68,384.6	)		3,201.0
Property, plant and equipment, net		17.3			2,722.7			231.2		—			2,971.2
Investment in subsidiaries		—			421.4			—		(421.4	)		—
Investment in equity method investee		—			—			169.5		—			169.5
Deferred charges and other assets, net		16.0			855.8			—		—			871.8
Total assets	$	36,750.4		$	29,113.0		$	10,156.1	$	(68,806.0	)	$	7,213.5
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable	$	278.2		$	189.7		$	15.9	$	—		$	483.8
Accounts payable - affiliate		34.2			14.8			0.5		—			49.5
Accrued expenses		1,364.0			156.1			58.9		—			1,579.0
Current debt		—			2.4			—		—			2.4
Deferred revenue		15.6			1.5			—		—			17.1
Due to related parties		28,340.7			30,433.4			9,610.5		(68,384.6	)		—
Total current liabilities		30,032.7			30,797.9			9,685.8		(68,384.6	)		2,131.8
Long-term debt		1,194.7			42.0			21.3		—			1,258.0
Deferred tax liabilities		—			—			40.4		—			40.4
Other long-term liabilities		54.9			194.5			4.1		—			253.5
Investment in subsidiaries		1,938.3			—			—		(1,938.3	)		—
Total liabilities		33,220.6			31,034.4			9,751.6		(70,322.9	)		3,683.7
Commitments and contingencies
Equity:
PBF Holding Company LLC equity
Member’s equity		2,652.5			1,737.2			323.7		(2,060.9	)		2,652.5
Retained earnings		890.3			(3,662.0	)		80.8		3,581.2			890.3
Accumulated other comprehensive loss		(23.9	)		(7.5	)		—		7.5			(23.9	)
Total PBF Holding Company LLC equity		3,518.9			(1,932.3	)		404.5		1,527.8			3,518.9
Noncontrolling interest		10.9			10.9			—		(10.9	)		10.9
Total equity		3,529.8			(1,921.4	)		404.5		1,516.9			3,529.8
Total liabilities and equity	$	36,750.4		$	29,113.0		$	10,156.1	$	(68,806.0	)	$	7,213.5

Condensed Consolidating Statement of Operations and Comprehensive Income (Loss)

CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME

	Year Ended December 31, 2019
(in millions)	Issuer			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Combining and Consolidating Adjustments			Total
Revenues	$	24,276.8		$	1,763.3		$	3,049.2		$	(4,620.4	)	$	24,468.9
Cost and expenses:
Cost of products and other		22,090.6			1,153.7			3,043.8			(4,620.4	)		21,667.7
Operating expenses (excluding depreciation and amortization expense as reflected below)		—			1,652.8			31.5			—			1,684.3
Depreciation and amortization expense		—			378.9			7.8			—			386.7
Cost of sales		22,090.6			3,185.4			3,083.1			(4,620.4	)		23,738.7
General and administrative expenses (excluding depreciation and amortization expense as reflected below)		224.3			36.1			(1.7	)		—			258.7
Depreciation and amortization expense		10.8			—			—			—			10.8
Equity income in investee		—			—			(7.9	)		—			(7.9	)
Gain on sale of assets		—			(29.9	)		—			—			(29.9	)
Total cost and expenses		22,325.7			3,191.6			3,073.5			(4,620.4	)		23,970.4
Income (loss) from operations		1,951.1			(1,428.3	)		(24.3	)		—			498.5
Other income (expense):
Equity in earnings (loss) of subsidiaries		(1,456.6	)		(16.8	)		—			1,473.4			—
Interest expense, net		(105.5	)		(2.4	)		(0.8	)		—			(108.7	)
Change in fair value of catalyst obligations		—			(9.7	)		—			—			(9.7	)
Other non-service components of net periodic benefit cost		(0.8	)		0.6			—			—			(0.2	)
Income (loss) before income taxes		388.2			(1,456.6	)		(25.1	)		1,473.4			379.9
Income tax benefit		—			—			(8.3	)		—			(8.3	)
Net income (loss)		388.2			(1,456.6	)		(16.8	)		1,473.4			388.2
Less: net income attributable to noncontrolling interests		—			—			—			—			—
Net income (loss) attributable to PBF Holding Company LLC	$	388.2		$	(1,456.6	)	$	(16.8	)	$	1,473.4		$	388.2
Comprehensive income (loss) attributable to PBF Holding Company LLC	$	391.6		$	(1,445.8	)	$	(16.8	)	$	1,473.4		$	402.4

CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME

	Year Ended December 31, 2018
(in millions)	Issuer			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Combining and Consolidating Adjustments			Total
Revenues	$	26,935.1		$	1,532.4		$	2,961.1		$	(4,264.6	)	$	27,164.0
Cost and expenses:
Cost of products and other		25,170.9			940.2			2,898.1			(4,264.6	)		24,744.6
Operating expenses (excluding depreciation and amortization expense as reflected below)		0.1			1,623.6			31.1			—			1,654.8
Depreciation and amortization expense		—			322.0			7.7			—			329.7
Cost of sales		25,171.0			2,885.8			2,936.9			(4,264.6	)		26,729.1
General and administrative expenses (excluding depreciation and amortization expense as reflected below)		222.9			26.7			4.2			—			253.8
Depreciation and amortization expense		10.6			—			—			—			10.6
Equity income in investee		—			—			(17.8	)		—			(17.8	)
Gain on sale of asset		—			(43.1	)		—			—			(43.1	)
Total cost and expenses		25,404.5			2,869.4			2,923.3			(4,264.6	)		26,932.6
Income (loss) from operations		1,530.6			(1,337.0	)		37.8			—			231.4
Other income (expense)
Equity in earnings (loss) of subsidiaries		(1,302.9	)		28.7			—			1,274.2			—
Interest expense, net		(124.3	)		(1.7	)		(1.1	)		—			(127.1	)
Change in fair value of catalyst obligations		—			5.6			—			—			5.6
Other non-service components of net periodic benefit cost		(0.4	)		1.5			—			—			1.1
Income (loss) before income taxes		103.0			(1,302.9	)		36.7			1,274.2			111.0
Income tax expense		—			—			8.0			—			8.0
Net income (loss)		103.0			(1,302.9	)		28.7			1,274.2			103.0
Less: net income attributable to noncontrolling interests		0.1			0.1			—			(0.1	)		0.1
Net income (loss) attributable to PBF Holding Company LLC	$	102.9		$	(1,303.0	)	$	28.7		$	1,274.3		$	102.9
Comprehensive income (loss) attributable to PBF Holding Company LLC	$	105.9		$	(1,303.0	)	$	28.7		$	1,274.3		$	105.9

CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME

	Year Ended December 31, 2017
(in millions)	Issuer			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Combining and Consolidating Adjustments			Total
Revenues	$	21,489.7		$	1,488.7		$	2,376.6		$	(3,582.6	)	$	21,772.4
Cost and expenses
Cost of products and other		19,354.4			962.9			2,361.1			(3,582.6	)		19,095.8
Operating expenses (excluding depreciation and amortization expense as reflected below)		—			1,594.9			31.5			—			1,626.4
Depreciation and amortization expense		—			246.7			7.6			—			254.3
Cost of sales		19,354.4			2,804.5			2,400.2			(3,582.6	)		20,976.5
General and administrative expenses (excluding depreciation and amortization expense as reflected below)		170.1			28.3			(0.5	)		—			197.9
Depreciation and amortization expense		13.0			—			—			—			13.0
Equity income in investee		—			—			(14.6	)		—			(14.6	)
Loss on sale of assets		—			1.5			—			—			1.5
Total cost and expenses		19,537.5			2,834.3			2,385.1			(3,582.6	)		21,174.3
Income (loss) from operations		1,952.2			(1,345.6	)		(8.5	)		—			598.1
Other income (expense):
Equity in earnings (loss) of subsidiaries		(1,349.2	)		1.3			—			1,347.9			—
Change in fair value of catalyst obligations		—			(2.2	)		—			—			(2.2	)
Debt extinguishment costs		(25.5	)		—			—			—			(25.5	)
Interest expense, net		(120.1	)		(1.5	)		(1.0	)		—			(122.6	)
Other non-service components of net periodic benefit cost		(0.2	)		(1.2	)		—			—			(1.4	)
Income (loss) before income taxes		457.2			(1,349.2	)		(9.5	)		1,347.9			446.4
Income tax benefit		—			—			(10.8	)		—			(10.8	)
Net income (loss)		457.2			(1,349.2	)		1.3			1,347.9			457.2
Less: net income attributable to noncontrolling interests		0.1			0.1			—			(0.1	)		0.1
Net income (loss) attributable to PBF Holding Company LLC	$	457.1		$	(1,349.3	)	$	1.3		$	1,348.0		$	457.1
Comprehensive income (loss) attributable to PBF Holding Company LLC	$	456.1		$	(1,349.3	)	$	1.3		$	1,348.0		$	456.1

Condensed Consolidating Statement of Cash Flow

CONSOLIDATING STATEMENTS OF CASH FLOWS

	Year Ended December 31, 2019
(in millions)	Issuer			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Combining and Consolidating Adjustments			Total
Cash flows from operating activities:
Net income (loss)	$	388.2		$	(1,456.6	)	$	(16.8	)	$	1,473.4		$	388.2
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization		17.0			379.5			7.9			—			404.4
Stock-based compensation		1.2			29.3			—			—			30.5
Change in fair value of catalyst obligations		—			9.7			—			—			9.7
Deferred income taxes		—			—			(8.8	)		—			(8.8	)
Non-cash change in inventory repurchase obligations		25.4			—			—			—			25.4
Non-cash lower of cost or market inventory adjustment		(250.2	)		—			—			—			(250.2	)
Pension and other post-retirement benefit costs		9.2			35.6			—			—			44.8
Income from equity method investee		—			—			(7.9	)		—			(7.9	)
Distributions from equity method investee		—			—			7.9			—			7.9
Gain on sale of assets		—			(29.9	)		—			—			(29.9	)
Equity in earnings of subsidiaries		1,456.6			16.8			—			(1,473.4	)		—
Changes in operating assets and liabilities:
Accounts receivable		(98.0	)		0.6			(18.5	)		—			(115.9	)
Due to/from affiliates		(1,661.7	)		1,735.4			(61.1	)		—			12.6
Inventories		22.2			—			(30.2	)		—			(8.0	)
Prepaid and other current assets		2.0			2.6			(0.2	)		—			4.4
Accounts payable		160.5			(31.1	)		2.6			—			132.0
Accrued expenses		45.9			7.4			156.2			—			209.5
Deferred revenue		(0.3	)		0.1			—			—			(0.2	)
Other assets and liabilities		(13.3	)		(36.0	)		(9.6	)		—			(58.9	)
Net cash provided by operating activities	$	104.7		$	663.4		$	21.5		$	—		$	789.6
Cash flows from investing activities:
Expenditures for property, plant and equipment		(8.3	)		(351.8	)		(13.0	)		—			(373.1	)
Expenditures for deferred turnaround costs		—			(299.3	)		—			—			(299.3	)
Expenditures for other assets		—			(44.7	)		—			—			(44.7	)
Proceeds from sale of assets		—			36.3			—			—			36.3
Equity method investment - return of capital		—			—			0.6			—			0.6
Investment in subsidiaries		5.6			—			—			(5.6	)		—
Due to/from affiliates		(5.7	)		—			—			5.7			—
Net cash used in investing activities	$	(8.4	)	$	(659.5	)	$	(12.4	)	$	0.1		$	(680.2	)
Cash flows from financing activities:
Contributions from PBF LLC	$	228.5		$	—		$	—		$	—		$	228.5
Distributions to members		(116.3	)		(5.3	)		—			—			(121.6	)
Distribution to parent		—			—			(5.6	)		5.6			—
Proceeds from revolver borrowings		1,350.0			—			—			—			1,350.0
Repayments of revolver borrowings		(1,350.0	)		—			—			—			(1,350.0	)
Repayments of PBF Rail Term Loan		—			—			(7.0	)		—			(7.0	)
Settlements of catalyst obligations		—			(6.5	)		—			—			(6.5	)
Due to/from affiliates		—			5.7			—			(5.7	)		—
Deferred financing costs and other		(0.5	)		(0.9	)		—			—			(1.4	)
Net cash provided by (used in) financing activities	$	111.7		$	(7.0	)	$	(12.6	)	$	(0.1	)	$	92.0
Net increase (decrease) in cash and cash equivalents		208.0			(3.1	)		(3.5	)		—			201.4
Cash and cash equivalents, beginning of period		526.0			9.1			26.6			—			561.7
Cash and cash equivalents, end of period	$	734.0		$	6.0		$	23.1		$	—		$	763.1

CONSOLIDATING STATEMENTS OF CASH FLOWS

	Year Ended December 31, 2018
(in millions)	Issuer			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Combining and Consolidating Adjustments			Total
Cash flows from operating activities:
Net income (loss)	$	103.0		$	(1,302.9	)	$	28.7		$	1,274.2		$	103.0
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization		16.9			322.0			7.8			—			346.7
Stock-based compensation		0.2			20.0			—			—			20.2
Change in fair value of catalyst obligations		—			(5.6	)		—			—			(5.6	)
Deferred income taxes		—			—			7.2			—			7.2
Non-cash change in inventory repurchase obligations		(31.8	)		—			—			—			(31.8	)
Non-cash lower of cost or market inventory adjustment		351.3			—			—			—			351.3
Pension and other post-retirement benefit costs		7.8			39.6			—			—			47.4
Equity in earnings (loss) of subsidiaries		1,302.9			(28.7	)		—			(1,274.2	)		—
Income from equity method investee		—			—			(17.8	)		—			(17.8	)
Distributions from equity method investee		—			—			17.8			—			17.8
Gain on sale of assets		—			(43.1	)		—			—			(43.1	)
Changes in operating assets and liabilities:
Accounts receivable		213.1			0.4			26.9			—			240.4
Due to/from affiliates		(1,608.5	)		1,483.8			121.2			—			(3.5	)
Inventories		(54.2	)		—			52.7			—			(1.5	)
Prepaid and other current assets		(0.1	)		(2.9	)		0.1			—			(2.9	)
Accounts payable		(135.6	)		31.0			(6.1	)		—			(110.7	)
Accrued expenses		(43.2	)		20.6			(210.4	)		—			(233.0	)
Deferred revenue		9.5			0.1			—			—			9.6
Other assets and liabilities		32.6			(10.2	)		(21.1	)		—			1.3
Net cash provided by operating activities	$	163.9		$	524.1		$	7.0		$	—		$	695.0
Cash flows from investing activities:
Expenditures for property, plant and equipment		(6.2	)		(268.9	)		(2.2	)		—			(277.3	)
Expenditures for deferred turnaround costs		—			(266.0	)		—			—			(266.0	)
Expenditures for other assets		—			(17.0	)		—			—			(17.0	)
Proceeds from sale of assets		—			48.3			—			—			48.3
Equity method investment - return of capital		—			—			2.4			—			2.4
Net cash (used in) provided by investing activities	$	(6.2	)	$	(503.6	)	$	0.2		$	—		$	(509.6	)
Cash flows from financing activities:
Contributions from PBF LLC		287.0			—			—			—			287.0
Distributions to members		(42.5	)		(10.1	)		—			—			(52.6	)
Repayments of revolver borrowings		(350.0	)		—			—			—			(350.0	)
Repayments of PBF Rail Term Loan		—			—			(6.8	)		—			(6.8	)
Repayments of note payable		—			(5.6	)		—			—			(5.6	)
Settlements of catalyst obligations		—			(9.1	)		—			—			(9.1	)
Deferred financing costs and other		(12.8	)		—			—			—			(12.8	)
Net cash used in financing activities		(118.3	)		(24.8	)		(6.8	)		—			(149.9	)
Net increase (decrease) in cash and cash equivalents		39.4			(4.3	)		0.4			—			35.5
Cash and cash equivalents, beginning of period		486.6			13.4			26.2			—			526.2
Cash and cash equivalents, end of period	$	526.0		$	9.1		$	26.6		$	—		$	561.7

CONSOLIDATING STATEMENTS OF CASH FLOWS

	Year Ended December 31, 2017
(in millions)	Issuer			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Combining and Consolidating Adjustments			Total
Cash flows from operating activities:
Net income (loss)	$	457.2		$	(1,349.2	)	$	1.3		$	1,347.9		$	457.2
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:
Depreciation and amortization		20.0			247.0			7.7			—			274.7
Stock-based compensation		—			21.5			—			—			21.5
Change in fair value of catalyst obligations		—			2.2			—			—			2.2
Deferred income taxes		—			—			(12.5	)		—			(12.5	)
Non-cash change in inventory repurchase obligations		13.8			—			—			—			13.8
Non-cash lower of cost or market inventory adjustment		(295.5	)		—			—			—			(295.5	)
Debt extinguishment costs		25.5			—			—			—			25.5
Distribution received from subsidiaries		—			7.2			—			(7.2	)		—
Pension and other post-retirement benefit costs		6.6			35.6			—			—			42.2
Income from equity method investee		—			—			(14.6	)		—			(14.6	)
Distributions from equity method investee		—			—			20.2			—			20.2
Loss on sale of assets		—			1.5			—			—			1.5
Equity in earnings (loss) of subsidiaries		1,349.2			(1.3	)		—			(1,347.9	)		—
Changes in operating assets and liabilities:
Accounts receivable		(304.1	)		0.4			(31.5	)		—			(335.2	)
Due to/from affiliates		(1,696.1	)		1,709.8			(10.5	)		—			3.2
Inventories		(6.7	)		—			(48.0	)		—			(54.7	)
Prepaid and other current assets		6.9			(14.4	)		(1.7	)		—			(9.2	)
Accounts payable		53.5			(28.1	)		7.6			1.5			34.5
Accrued expenses		288.4			(38.0	)		102.7			—			353.1
Deferred revenue		(4.8	)		—			—			—			(4.8	)
Other assets and liabilities		(11.8	)		(19.1	)		(21.1	)		—			(52.0	)
Net cash (used in) provided by operating activities	$	(97.9	)	$	575.1		$	(0.4	)	$	(5.7	)	$	471.1
Cash flows from investing activities:
Expenditures for property, plant and equipment		(1.9	)		(230.2	)		(0.5	)		—			(232.6	)
Expenditures for deferred turnaround costs		—			(379.1	)		—			—			(379.1	)
Expenditures for other assets		—			(31.2	)		—			—			(31.2	)
Equity method investment - return of capital		—			—			1.3			—			1.3
Due to/from affiliates		(0.9	)		—			—			0.9			—
Net cash (used in) provided by investing activities	$	(2.8	)	$	(640.5	)	$	0.8		$	0.9		$	(641.6	)
Cash flows from financing activities:
Contributions from PBF LLC		97.0			—			—			—			97.0
Distributions to members		(61.2	)		—			—			—			(61.2	)
Distributions to T&M and Collins shareholders		—			—			(9.0	)		7.2			(1.8	)
Payment received for affiliate note receivable		—			11.6			—			—			11.6
Proceeds from 2025 Senior Notes		725.0			—			—			—			725.0
Cash paid to extinguish 2020 Senior Notes		(690.2	)		—			—			—			(690.2	)
Proceeds from revolver borrowings		490.0			—			—			—			490.0
Repayments of revolver borrowings		(490.0	)		—			—			—			(490.0	)
Repayments of PBF Rail Term Loan		—			—			(6.6	)		—			(6.6	)
Repayments of note payable		—			(1.2	)		—			—			(1.2	)
Settlements of catalyst obligations		—			10.8			—			—			10.8
Due to/from affiliates		—			0.9			—			(0.9	)		—
Deferred financing costs and other		(13.4	)		—			—			—			(13.4	)
Net cash provided by (used in) financing activities	$	57.2		$	22.1		$	(15.6	)	$	6.3		$	70.0
Net (decrease) increase in cash and cash equivalents		(43.5	)		(43.3	)		(15.2	)		1.5			(100.5	)
Cash and cash equivalents, beginning of period		530.1			56.7			41.4			(1.5	)		626.7
Cash and cash equivalents, end of period	$	486.6		$	13.4		$	26.2		$	—		$	526.2