XML 66 R6.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
9 Months Ended 10 Months Ended 12 Months Ended
Dec. 31, 2013
Oct. 31, 2013
Dec. 31, 2014
Dec. 31, 2012
Cash flows from operating activities:        
Net (loss) income   $ 13.5us-gaap_ProfitLoss   $ 46.3us-gaap_ProfitLoss
Adjustments to reconcile net (loss) income from operations to net cash flows provided by operating activities:        
Depreciation and amortization 12.8us-gaap_DepreciationDepletionAndAmortization 32.8us-gaap_DepreciationDepletionAndAmortization 88.0us-gaap_DepreciationDepletionAndAmortization 42.2us-gaap_DepreciationDepletionAndAmortization
Deferred income taxes (7.5)us-gaap_DeferredIncomeTaxExpenseBenefit (4.8)us-gaap_DeferredIncomeTaxExpenseBenefit (43.2)us-gaap_DeferredIncomeTaxExpenseBenefit (8.3)us-gaap_DeferredIncomeTaxExpenseBenefit
Cash flows from financing activities:        
Cash and cash equivalents at beginning of period     123.0us-gaap_CashAndCashEquivalentsAtCarryingValue  
Cash and cash equivalents at end of period 123.0us-gaap_CashAndCashEquivalentsAtCarryingValue   397.3us-gaap_CashAndCashEquivalentsAtCarryingValue  
Successor [Member]        
Cash flows from operating activities:        
Net (loss) income (195.6)us-gaap_ProfitLoss
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
  (24.2)us-gaap_ProfitLoss
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Adjustments to reconcile net (loss) income from operations to net cash flows provided by operating activities:        
Non-cash charge related to preferred stock dividend rights 172.0us-gaap_OtherPreferredStockDividendsAndAdjustments
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
     
Depreciation and amortization 12.8us-gaap_DepreciationDepletionAndAmortization
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
  88.0us-gaap_DepreciationDepletionAndAmortization
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Deferred income taxes (7.5)us-gaap_DeferredIncomeTaxExpenseBenefit
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
  (43.2)us-gaap_DeferredIncomeTaxExpenseBenefit
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Manufacturer's profit in inventory adjustment 23.9pah_ManufacturersProfitInInventoryAdjustment
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
  35.5pah_ManufacturersProfitInInventoryAdjustment
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Non-cash fair value adjustment to contingent consideration (0.7)us-gaap_BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
  29.1us-gaap_BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Restructuring charges 0.8us-gaap_RestructuringCosts
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
  1.5us-gaap_RestructuringCosts
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Provision for bad debt 0.3us-gaap_ProvisionForDoubtfulAccounts
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
  1.2us-gaap_ProvisionForDoubtfulAccounts
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Equity compensation expense 0.5us-gaap_ShareBasedCompensation
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
  1.3us-gaap_ShareBasedCompensation
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Other, net (0.9)us-gaap_OtherNoncashIncomeExpense
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
  3.2us-gaap_OtherNoncashIncomeExpense
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Changes in assets & liabilities, net of acquisitions:        
Accounts receivable 6.2us-gaap_IncreaseDecreaseInAccountsReceivable
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
  4.9us-gaap_IncreaseDecreaseInAccountsReceivable
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Inventory 2.1us-gaap_IncreaseDecreaseInInventories
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
  11.4us-gaap_IncreaseDecreaseInInventories
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Accounts payable (0.2)us-gaap_IncreaseDecreaseInAccountsPayable
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
  10.9us-gaap_IncreaseDecreaseInAccountsPayable
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Accrued expenses (8.7)us-gaap_IncreaseDecreaseInAccruedLiabilities
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
  (15.7)us-gaap_IncreaseDecreaseInAccruedLiabilities
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Other assets and liabilities 2.5us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
  (5.7)us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Net cash flows provided by operating activities 7.5us-gaap_NetCashProvidedByUsedInOperatingActivities
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
  98.2us-gaap_NetCashProvidedByUsedInOperatingActivities
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Cash flows from investing activities:        
Capital expenditures (2.3)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
  (18.5)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Proceeds from sale of non-financial assets 4.4us-gaap_ProceedsFromSaleOfProductiveAssets
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
  0.6us-gaap_ProceedsFromSaleOfProductiveAssets
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Acquisition of business, net of cash acquired (922.4)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
  (1,361.8)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Cash restricted to fund acquisition     (600.0)pah_CashRestrictedToFundAcquisition
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Purchases of marketable securities (359.9)us-gaap_PaymentsToAcquireMarketableSecurities
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
     
Redemption of marketable securities 359.9us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
     
Other, net     (3.0)us-gaap_PaymentsForProceedsFromOtherInvestingActivities
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Net cash flows used in investing activities (920.3)us-gaap_NetCashProvidedByUsedInInvestingActivities
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
  (1,982.7)us-gaap_NetCashProvidedByUsedInInvestingActivities
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Cash flows from financing activities:        
Proceeds from issuance of debt, net of discount and fees 0.2us-gaap_ProceedsFromDebtNetOfIssuanceCosts
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
  678.8us-gaap_ProceedsFromDebtNetOfIssuanceCosts
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Repayments of borrowings (2.2)us-gaap_RepaymentsOfDebt
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
  (9.1)us-gaap_RepaymentsOfDebt
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Proceeds from issuance of preferred stock, net 20.0us-gaap_ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
     
Proceeds from issuance of common stock, net 1,019.5us-gaap_ProceedsFromIssuanceOfCommonStock
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
  1,512.6us-gaap_ProceedsFromIssuanceOfCommonStock
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Payment of financing fees (1.8)us-gaap_PaymentsOfFinancingCosts
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
  (13.2)us-gaap_PaymentsOfFinancingCosts
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Other, net     (0.2)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Net cash flows provided by (used in) financing activities 1,035.7us-gaap_NetCashProvidedByUsedInFinancingActivities
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
  2,168.9us-gaap_NetCashProvidedByUsedInFinancingActivities
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Effect of exchange rate changes on cash and cash equivalents 0.1us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
  (10.1)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Net increase (decrease) in cash and cash equivalents 123.0us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
  274.3us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Cash and cash equivalents at beginning of period     123.0us-gaap_CashAndCashEquivalentsAtCarryingValue
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Cash and cash equivalents at end of period 123.0us-gaap_CashAndCashEquivalentsAtCarryingValue
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
  397.3us-gaap_CashAndCashEquivalentsAtCarryingValue
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Supplemental disclosure information:        
Cash paid for interest 5.1us-gaap_InterestPaid
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
  36.3us-gaap_InterestPaid
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Cash paid for income taxes 2.9us-gaap_IncomeTaxesPaid
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
  27.5us-gaap_IncomeTaxesPaid
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Non-cash investing activities:        
Unpaid capital expenditures included in accounts payable and accrued expenses     2.4us-gaap_CapitalExpendituresIncurredButNotYetPaid
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Predecessor [Member]        
Cash flows from operating activities:        
Net (loss) income   13.5us-gaap_ProfitLoss
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
  46.3us-gaap_ProfitLoss
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Adjustments to reconcile net (loss) income from operations to net cash flows provided by operating activities:        
Depreciation and amortization   32.8us-gaap_DepreciationDepletionAndAmortization
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
  42.2us-gaap_DepreciationDepletionAndAmortization
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Deferred income taxes   (4.8)us-gaap_DeferredIncomeTaxExpenseBenefit
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
  (8.4)us-gaap_DeferredIncomeTaxExpenseBenefit
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Loss on extinguishment of debt   18.8us-gaap_GainsLossesOnExtinguishmentOfDebt
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
   
Restructuring charges   3.6us-gaap_RestructuringCosts
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
  0.3us-gaap_RestructuringCosts
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Provision for bad debt   2.1us-gaap_ProvisionForDoubtfulAccounts
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
  1.7us-gaap_ProvisionForDoubtfulAccounts
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Equity compensation expense   9.3us-gaap_ShareBasedCompensation
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
  0.2us-gaap_ShareBasedCompensation
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Other, net   1.4us-gaap_OtherNoncashIncomeExpense
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
  (1.7)us-gaap_OtherNoncashIncomeExpense
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Changes in assets & liabilities, net of acquisitions:        
Accounts receivable   (11.3)us-gaap_IncreaseDecreaseInAccountsReceivable
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
  (4.9)us-gaap_IncreaseDecreaseInAccountsReceivable
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Inventory   (4.6)us-gaap_IncreaseDecreaseInInventories
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
  0.8us-gaap_IncreaseDecreaseInInventories
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Accounts payable   2.4us-gaap_IncreaseDecreaseInAccountsPayable
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
  3.3us-gaap_IncreaseDecreaseInAccountsPayable
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Accrued expenses   3.9us-gaap_IncreaseDecreaseInAccruedLiabilities
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
  (3.6)us-gaap_IncreaseDecreaseInAccruedLiabilities
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Other assets and liabilities   (11.1)us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
  (1.0)us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Net cash flows provided by operating activities   56.0us-gaap_NetCashProvidedByUsedInOperatingActivities
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
  75.2us-gaap_NetCashProvidedByUsedInOperatingActivities
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Cash flows from investing activities:        
Capital expenditures   (8.9)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
  (13.4)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Proceeds from sale of non-financial assets   2.1us-gaap_ProceedsFromSaleOfProductiveAssets
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
  0.1us-gaap_ProceedsFromSaleOfProductiveAssets
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Acquisition of business, net of cash acquired       (5.1)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Other, net   (1.0)us-gaap_PaymentsForProceedsFromOtherInvestingActivities
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
  0.1us-gaap_PaymentsForProceedsFromOtherInvestingActivities
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Net cash flows used in investing activities   (7.8)us-gaap_NetCashProvidedByUsedInInvestingActivities
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
  (18.3)us-gaap_NetCashProvidedByUsedInInvestingActivities
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Cash flows from financing activities:        
Proceeds from issuance of debt, net of discount and fees   1,109.5us-gaap_ProceedsFromDebtNetOfIssuanceCosts
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
   
Repayments of borrowings   (732.9)us-gaap_RepaymentsOfDebt
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
  (26.1)us-gaap_RepaymentsOfDebt
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Repurchase of Series A preferred stock   (270.2)us-gaap_PaymentsForRepurchaseOfPreferredStockAndPreferenceStock
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
   
Advance from Platform Acquisition Holdings Limited   33.3us-gaap_ProceedsFromRepaymentsOfRelatedPartyDebt
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
   
Payment of accumulated dividends on Series A preferred stock   (229.8)us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
   
Payment of financing fees   (13.6)us-gaap_PaymentsOfFinancingCosts
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
  (0.3)us-gaap_PaymentsOfFinancingCosts
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Other, net   (0.6)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
  (0.8)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Net cash flows provided by (used in) financing activities   (104.3)us-gaap_NetCashProvidedByUsedInFinancingActivities
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
  (27.2)us-gaap_NetCashProvidedByUsedInFinancingActivities
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Effect of exchange rate changes on cash and cash equivalents   (0.2)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
  0.2us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Net increase (decrease) in cash and cash equivalents   (56.3)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
  29.9us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Cash and cash equivalents at beginning of period   143.4us-gaap_CashAndCashEquivalentsAtCarryingValue
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
  113.5us-gaap_CashAndCashEquivalentsAtCarryingValue
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Cash and cash equivalents at end of period   87.1us-gaap_CashAndCashEquivalentsAtCarryingValue
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
  143.4us-gaap_CashAndCashEquivalentsAtCarryingValue
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Supplemental disclosure information:        
Cash paid for interest   50.0us-gaap_InterestPaid
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
  45.2us-gaap_InterestPaid
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Cash paid for income taxes   21.8us-gaap_IncomeTaxesPaid
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
  27.1us-gaap_IncomeTaxesPaid
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Non-cash financing activities:        
Cash paid by Platform Acquisition Holdings, Ltd for interest   $ 5.0us-gaap_OtherSignificantNoncashTransactionValueOfConsiderationReceived1
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember