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Subsidiary Guarantors (Tables)
 9 Months Ended
Sep. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Condensed Consolidating Income Statement
UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS
Three Months Ended September 30, 2019
(In millions)
Mylan N.V.
 
Mylan Inc.
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
Revenues:
 
 
 
 
 
 
 
 
 
 
 
Net sales
$
—

 
$
—

 
$
—

 
$
2,928.2

 
$
—

 
$
2,928.2

Other revenues
—

 
—

 
—

 
33.5

 
—

 
33.5

Total revenues
—

 
—

 
—

 
2,961.7

 
—

 
2,961.7

Cost of sales
—

 
—

 
—

 
1,889.3

 
—

 
1,889.3

Gross profit
—

 
—

 
—

 
1,072.4

 
—

 
1,072.4

Operating expenses:
 
 
 
 
 
 
 
 
 
 
 
Research and development
—

 
—

 
—

 
167.9

 
—

 
167.9

Selling, general and administrative
61.8

 
154.6

 
—

 
416.3

 
—

 
632.7

Litigation settlements and other contingencies, net
—

 
—

 
—

 
(51.9
)
 
—

 
(51.9
)
Total operating expenses
61.8

 
154.6

 
—

 
532.3

 
—

 
748.7

(Loss) Earnings from operations
(61.8
)
 
(154.6
)
 
—

 
540.1

 
—

 
323.7

Interest expense
78.1

 
43.8

 
—

 
7.0

 
—

 
128.9

Other (income) expense, net
(72.9
)
 
(77.9
)
 
—

 
159.8

 
—

 
9.0

(Loss) Earnings before income taxes
(67.0
)
 
(120.5
)
 
—

 
373.3

 
—

 
185.8

Income tax (benefit) provision
(8.0
)
 
(27.7
)
 
—

 
31.7

 
—

 
(4.0
)
Earnings of equity interest subsidiaries
248.8

 
279.9

 
—

 
—

 
(528.7
)
 
—

Net earnings
$
189.8

 
$
187.1

 
$
—

 
$
341.6

 
$
(528.7
)
 
$
189.8

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS
Nine Months Ended September 30, 2019
(In millions)
Mylan N.V.
 
Mylan Inc.
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
Revenues:
 
 
 
 
 
 
 
 
 
 
 
Net sales
$
—

 
$
—

 
$
—

 
$
8,207.0

 
$
—

 
$
8,207.0

Other revenues
—

 
—

 
—

 
101.7

 
—

 
101.7

Total revenues
—

 
—

 
—

 
8,308.7

 
—

 
8,308.7

Cost of sales
—

 
—

 
—

 
5,498.5

 
—

 
5,498.5

Gross profit
—

 
—

 
—

 
2,810.2

 
—

 
2,810.2

Operating expenses:
 
 
 
 
 
 
 
 
 
 
 
Research and development
—

 
—

 
—

 
488.1

 
—

 
488.1

Selling, general and administrative
85.1

 
466.2

 
—

 
1,357.9

 
—

 
1,909.2

Litigation settlements and other contingencies, net
30.0

 
18.0

 
—

 
(78.3
)
 
—

 
(30.3
)
Total operating expenses
115.1

 
484.2

 
—

 
1,767.7

 
—

 
2,367.0

(Loss) Earnings from operations
(115.1
)
 
(484.2
)
 
—

 
1,042.5

 
—

 
443.2

Interest expense
240.6

 
131.0

 
—

 
19.7

 
—

 
391.3

Other (income) expense, net
(218.2
)
 
(198.4
)
 
—

 
449.3

 
—

 
32.7

(Loss) Earnings before income taxes
(137.5
)
 
(416.8
)
 
—

 
573.5

 
—

 
19.2

Income tax (benefit) provision
(21.8
)
 
(24.1
)
 
—

 
68.8

 
—

 
22.9

Earnings of equity interest subsidiaries
112.0

 
394.3

 
—

 
—

 
(506.3
)
 
—

Net (loss) earnings
$
(3.7
)
 
$
1.6

 
$
—

 
$
504.7

 
$
(506.3
)
 
$
(3.7
)




UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS
Three Months Ended September 30, 2018
(In millions)
Mylan N.V.
 
Mylan Inc.
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
Revenues:
 
 
 
 
 
 
 
 
 
 
 
Net sales
$
—

 
$
—

 
$
—

 
$
2,827.3

 
$
—

 
$
2,827.3

Other revenues
—

 
—

 
—

 
35.1

 
—

 
35.1

Total revenues
—

 
—

 
—

 
2,862.4

 
—

 
2,862.4

Cost of sales
—

 
—

 
—

 
1,823.2

 
—

 
1,823.2

Gross profit
—

 
—

 
—

 
1,039.2

 
—

 
1,039.2

Operating expenses:
 
 
 
 
 
 
 
 
 
 
 
Research and development
—

 
—

 
—

 
144.1

 
—

 
144.1

Selling, general and administrative
11.5

 
117.6

 
—

 
448.2

 
—

 
577.3

Litigation settlements and other contingencies, net
—

 
0.1

 
—

 
(20.5
)
 
—

 
(20.4
)
Total operating expenses
11.5

 
117.7

 
—

 
571.8

 
—

 
701.0

(Loss) Earnings from operations
(11.5
)
 
(117.7
)
 
—

 
467.4

 
—

 
338.2

Interest expense
84.0

 
42.9

 
—

 
9.3

 
—

 
136.2

Other (income) expense, net
(47.9
)
 
(79.0
)
 
—

 
136.7

 
—

 
9.8

(Loss) Earnings before income taxes
(47.6
)
 
(81.6
)
 
—

 
321.4

 
—

 
192.2

Income tax (benefit) provision
(8.0
)
 
18.1

 
—

 
5.4

 
—

 
15.5

Earnings of equity interest subsidiaries
216.3

 
143.3

 
—

 
—

 
(359.6
)
 
—

Net earnings
$
176.7

 
$
43.6

 
$
—

 
$
316.0

 
$
(359.6
)
 
$
176.7

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS
Nine Months Ended September 30, 2018
(In millions)
Mylan N.V.
 
Mylan Inc.
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
Revenues:
 
 
 
 
 
 
 
 
 
 
 
Net sales
$
—

 
$
—

 
$
—

 
$
8,233.2

 
$
—

 
$
8,233.2

Other revenues
—

 
—

 
—

 
122.0

 
—

 
122.0

Total revenues
—

 
—

 
—

 
8,355.2

 
—

 
8,355.2

Cost of sales
—

 
—

 
—

 
5,369.2

 
—

 
5,369.2

Gross profit
—

 
—

 
—

 
2,986.0

 
—

 
2,986.0

Operating expenses:
 
 
 
 
 
 
 
 
 
 
 
Research and development
—

 
—

 
—

 
555.7

 
—

 
555.7

Selling, general and administrative
31.0

 
367.7

 
—

 
1,409.4

 
—

 
1,808.1

Litigation settlements and other contingencies, net
—

 
7.1

 
—

 
(57.7
)
 
—

 
(50.6
)
Total operating expenses
31.0

 
374.8

 
—

 
1,907.4

 
—

 
2,313.2

(Loss) Earnings from operations
(31.0
)
 
(374.8
)
 
—

 
1,078.6

 
—

 
672.8

Interest expense
266.1

 
110.9

 
—

 
30.1

 
—

 
407.1

Other (income) expense, net
(211.5
)
 
(205.0
)
 
—

 
460.8

 
—

 
44.3

(Loss) Earnings before income taxes
(85.6
)
 
(280.7
)
 
—

 
587.7

 
—

 
221.4

Income tax (benefit) provision
(23.3
)
 
13.5

 
—

 
(70.1
)
 
—

 
(79.9
)
Earnings of equity interest subsidiaries
363.6

 
217.2

 
—

 
—

 
(580.8
)
 
—

Net earnings (loss)
$
301.3

 
$
(77.0
)
 
$
—

 
$
657.8

 
$
(580.8
)
 
$
301.3
Condensed Consolidating Statement of Comprehensive Earnings
UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE EARNINGS
Three Months Ended September 30, 2019
(In millions)
Mylan N.V.
 
Mylan Inc.
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
Net earnings
$
189.8

 
$
187.1

 
$
—

 
$
341.6

 
$
(528.7
)
 
$
189.8

Other comprehensive (loss) earnings, before tax:
 
 
 
 
 
 
 
 
 
 
 
Foreign currency translation adjustment
(748.9
)
 
—

 
—

 
(748.9
)
 
748.9

 
(748.9
)
Change in unrecognized loss and prior service cost related to defined benefit plans
(0.7
)
 
—

 
—

 
(0.7
)
 
0.7

 
(0.7
)
Net unrecognized (loss) gain on derivatives in cash flow hedging relationships
(10.6
)
 
1.8

 
—

 
(12.4
)
 
10.6

 
(10.6
)
Net unrecognized gain on derivatives in net investment hedging relationships
111.8

 
23.8

 
—

 
—

 
(23.8
)
 
111.8

Net unrealized gain on marketable securities
0.1

 
—

 
—

 
0.1

 
(0.1
)
 
0.1

Other comprehensive (loss) earnings, before tax
(648.3
)
 
25.6

 
—

 
(761.9
)
 
736.3

 
(648.3
)
Income tax provision (benefit)
1.2

 
(5.9
)
 
—

 
7.1

 
(1.2
)
 
1.2

Other comprehensive (loss) earnings, net of tax
(649.5
)
 
31.5

 
—

 
(769.0
)
 
737.5

 
(649.5
)
Comprehensive (loss) earnings
$
(459.7
)
 
$
218.6

 
$
—

 
$
(427.4
)
 
$
208.8

 
$
(459.7
)
UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE EARNINGS
Nine Months Ended September 30, 2019
(In millions)
Mylan N.V.
 
Mylan Inc.
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
Net (loss) earnings
$
(3.7
)
 
$
1.6

 
$
—

 
$
504.7

 
$
(506.3
)
 
$
(3.7
)
Other comprehensive (loss) earnings, before tax:
 
 
 
 
 
 
 
 
 
 
 
Foreign currency translation adjustment
(890.8
)
 
—

 
—

 
(890.8
)
 
890.8

 
(890.8
)
Change in unrecognized (loss) gain and prior service cost related to defined benefit plans
(0.5
)
 
0.1

 
—

 
(0.6
)
 
0.5

 
(0.5
)
Net unrecognized gain on derivatives in cash flow hedging relationships
24.8

 
5.4

 
—

 
19.4

 
(24.8
)
 
24.8

Net unrecognized gain on derivatives in net investment hedging relationships
133.6

 
28.4

 
—

 
—

 
(28.4
)
 
133.6

Net unrealized gain on marketable securities
0.7

 
—

 
—

 
0.7

 
(0.7
)
 
0.7

Other comprehensive (loss) earnings, before tax
(732.2
)
 
33.9

 
—

 
(871.3
)
 
837.4

 
(732.2
)
Income tax provision (benefit)
14.1

 
(7.9
)
 
—

 
22.0

 
(14.1
)
 
14.1

Other comprehensive (loss) earnings, net of tax
(746.3
)
 
41.8

 
—

 
(893.3
)
 
851.5

 
(746.3
)
Comprehensive (loss) earnings
$
(750.0
)
 
$
43.4

 
$
—

 
$
(388.6
)
 
$
345.2

 
$
(750.0
)
UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE EARNINGS
Three Months Ended September 30, 2018
(In millions)
Mylan N.V.
 
Mylan Inc.
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
Net earnings
$
176.7

 
$
43.6

 
$
—

 
$
316.0

 
$
(359.6
)
 
$
176.7

Other comprehensive (loss) earnings, before tax:
 
 
 
 
 
 
 
 
 
 
 
Foreign currency translation adjustment
(270.8
)
 
—

 
—

 
(270.8
)
 
270.8

 
(270.8
)
Change in unrecognized (loss) gain and prior service cost related to defined benefit plans
(6.8
)
 
0.1

 
—

 
(6.9
)
 
6.8

 
(6.8
)
Net unrecognized (loss) gain on derivatives in cash flow hedging relationships
(51.9
)
 
1.9

 
—

 
(53.8
)
 
51.9

 
(51.9
)
Net unrecognized gain on derivatives in net investment hedging relationships
18.8

 
4.0

 
—

 
—

 
(4.0
)
 
18.8

Other comprehensive (loss) earnings, before tax
(310.7
)
 
6.0

 
—

 
(331.5
)
 
325.5

 
(310.7
)
Income tax benefit
(19.1
)
 
(1.6
)
 
—

 
(17.5
)
 
19.1

 
(19.1
)
Other comprehensive (loss) earnings, net of tax
(291.6
)
 
7.6

 
—

 
(314.0
)
 
306.4

 
(291.6
)
Comprehensive (loss) earnings
$
(114.9
)
 
$
51.2

 
$
—

 
$
2.0

 
$
(53.2
)
 
$
(114.9
)

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE EARNINGS
Nine Months Ended September 30, 2018
(In millions)
Mylan N.V.
 
Mylan Inc.
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
Net earnings (loss)
$
301.3

 
$
(77.0
)
 
$
—

 
$
657.8

 
$
(580.8
)
 
$
301.3

Other comprehensive (loss) earnings, before tax:
 
 
 
 
 
 
 
 
 
 
 
Foreign currency translation adjustment
(1,097.6
)
 
—

 
—

 
(1,097.6
)
 
1,097.6

 
(1,097.6
)
Change in unrecognized (loss) gain and prior service cost related to defined benefit plans
(8.3
)
 
0.2

 
—

 
(8.5
)
 
8.3

 
(8.3
)
Net unrecognized (loss) gain on derivatives in cash flow hedging relationships
(146.1
)
 
5.7

 
—

 
(151.8
)
 
146.1

 
(146.1
)
Net unrecognized gain on derivatives in net investment hedging relationships
78.7

 
4.6

 
—

 
—

 
(4.6
)
 
78.7

Net unrealized loss on marketable securities
(0.1
)
 
—

 
—

 
(0.1
)
 
0.1

 
(0.1
)
Other comprehensive (loss) earnings, before tax
(1,173.4
)
 
10.5

 
—

 
(1,258.0
)
 
1,247.5

 
(1,173.4
)
Income tax benefit
(51.2
)
 
(2.4
)
 
—

 
(48.8
)
 
51.2

 
(51.2
)
Other comprehensive (loss) earnings, net of tax
(1,122.2
)
 
12.9

 
—

 
(1,209.2
)
 
1,196.3

 
(1,122.2
)
Comprehensive loss
$
(820.9
)
 
$
(64.1
)
 
$
—

 
$
(551.4
)
 
$
615.5

 
$
(820.9
)
Condensed Consolidating Balance Sheet
UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET
As of September 30, 2019
(In millions)
Mylan N.V.
 
Mylan Inc.
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
ASSETS
 
 
 
 
 
 
 
 
 
 
 
Assets
 
 
 
 
 
 
 
 
 
 
 
Current assets:
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
—

 
$
4.4

 
$
—

 
$
354.5

 
$
—

 
$
358.9

Accounts receivable, net
—

 
17.4

 
—

 
2,930.6

 
—

 
2,948.0

Inventories
—

 
—

 
—

 
2,763.5

 
—

 
2,763.5

Intercompany receivables
375.6

 
592.8

 
—

 
12,822.5

 
(13,790.9
)
 
—

Prepaid expenses and other current assets
9.7

 
109.2

 
—

 
455.8

 
—

 
574.7

Total current assets
385.3

 
723.8

 
—

 
19,326.9

 
(13,790.9
)
 
6,645.1

Property, plant and equipment, net
—

 
242.5

 
—

 
1,881.4

 
—

 
2,123.9

Investments in subsidiaries
18,278.3

 
12,844.7

 
—

 
—

 
(31,123.0
)
 
—

Intercompany notes and interest receivable
5,255.4

 
11,083.2

 
—

 
3,098.3

 
(19,436.9
)
 
—

Intangible assets, net
—

 
—

 
—

 
11,824.3

 
—

 
11,824.3

Goodwill
—

 
17.1

 
—

 
9,370.0

 
—

 
9,387.1

Other assets
0.3

 
104.3

 
—

 
968.5

 
—

 
1,073.1

Total assets
$
23,919.3

 
$
25,015.6

 
$
—

 
$
46,469.4

 
$
(64,350.8
)
 
$
31,053.5

 
 
 
 
 
 
 
 
 
 
 
 
LIABILITIES AND EQUITY
 
 
 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
 
 
 
Current liabilities:
 
 
 
 
 
 
 
 
 
 
 
Accounts payable
$
—

 
$
76.1

 
$
—

 
$
1,435.2

 
$
—

 
$
1,511.3

Short-term borrowings
—

 
—

 
—

 
—

 
—

 
—

Income taxes payable
—

 
9.5

 
—

 
143.7

 
—

 
153.2

Current portion of long-term debt and other long-term obligations
544.4

 
0.2

 
—

 
60.7

 
—

 
605.3

Intercompany payables
1,569.3

 
12,201.6

 
—

 
20.0

 
(13,790.9
)
 
—

Other current liabilities
152.2

 
296.7

 
—

 
1,926.3

 
—

 
2,375.2

Total current liabilities
2,265.9

 
12,584.1

 
—

 
3,585.9

 
(13,790.9
)
 
4,645.0

Long-term debt
8,665.9

 
3,785.4

 
—

 
9.2

 
—

 
12,460.5

Intercompany notes payable
1,524.1

 
3,369.3

 
—

 
14,543.5

 
(19,436.9
)
 
—

Other long-term obligations
—

 
64.5

 
—

 
2,420.1

 
—

 
2,484.6

Total liabilities
12,455.9

 
19,803.3

 
—

 
20,558.7

 
(33,227.8
)
 
19,590.1

 
 
 
 
 
 
 
 
 
 
 
 
Total equity
11,463.4

 
5,212.3

 
—

 
25,910.7

 
(31,123.0
)
 
11,463.4

 
 
 
 
 
 
 
 
 
 
 
 
Total liabilities and equity
$
23,919.3

 
$
25,015.6

 
$
—

 
$
46,469.4

 
$
(64,350.8
)
 
$
31,053.5

UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET
As of December 31, 2018
(In millions)
Mylan N.V.
 
Mylan Inc.
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
ASSETS
 
 
 
 
 
 
 
 
 
 
 
Assets
 
 
 
 
 
 
 
 
 
 
 
Current assets:
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
—

 
$
18.2

 
$
—

 
$
369.9

 
$
—

 
$
388.1

Accounts receivable, net
—

 
24.3

 
—

 
2,856.7

 
—

 
2,881.0

Inventories
—

 
—

 
—

 
2,580.2

 
—

 
2,580.2

Intercompany receivables
342.9

 
518.7

 
—

 
13,107.1

 
(13,968.7
)
 
—

Prepaid expenses and other current assets
5.6

 
71.3

 
—

 
441.5

 
—

 
518.4

Total current assets
348.5

 
632.5

 
—

 
19,355.4

 
(13,968.7
)
 
6,367.7

Property, plant and equipment, net
—

 
259.7

 
—

 
1,910.5

 
—

 
2,170.2

Investments in subsidiaries
18,995.9

 
13,129.5

 
—

 
—

 
(32,125.4
)
 
—

Intercompany notes and interest receivable
6,287.4

 
10,732.6

 
—

 
2,519.8

 
(19,539.8
)
 
—

Intangible assets, net
—

 
—

 
—

 
13,664.6

 
—

 
13,664.6

Goodwill
—

 
17.1

 
—

 
9,730.7

 
—

 
9,747.8

Other assets
0.3

 
68.9

 
—

 
715.4

 
—

 
784.6

Total assets
$
25,632.1

 
$
24,840.3

 
$
—

 
$
47,896.4

 
$
(65,633.9
)
 
$
32,734.9

 
 
 
 
 
 
 
 
 
 
 
 
LIABILITIES AND EQUITY
 
 
 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
 
 
 
Current liabilities:
 
 
 
 
 
 
 
 
 
 
 
Accounts payable
$
—

 
$
70.6

 
$
—

 
$
1,546.4

 
$
—

 
$
1,617.0

Short-term borrowings
—

 
—

 
—

 
1.9

 
—

 
1.9

Income taxes payable
—

 
—

 
—

 
121.5

 
—

 
121.5

Current portion of long-term debt and other long-term obligations
649.0

 
0.2

 
—

 
50.6

 
—

 
699.8

Intercompany payables
1,618.8

 
12,326.4

 
—

 
23.5

 
(13,968.7
)
 
—

Other current liabilities
21.0

 
216.0

 
—

 
1,910.6

 
—

 
2,147.6

Total current liabilities
2,288.8

 
12,613.2

 
—

 
3,654.5

 
(13,968.7
)
 
4,587.8

Long-term debt
9,370.1

 
3,786.2

 
—

 
4.9

 
—

 
13,161.2

Intercompany notes payable
1,806.1

 
3,094.2

 
—

 
14,639.5

 
(19,539.8
)
 
—

Other long-term obligations
—

 
48.6

 
—

 
2,770.2

 
—

 
2,818.8

Total liabilities
13,465.0

 
19,542.2

 
—

 
21,069.1

 
(33,508.5
)
 
20,567.8

 
 
 
 
 
 
 
 
 
 
 
 
Total equity
12,167.1

 
5,298.1

 
—

 
26,827.3

 
(32,125.4
)
 
12,167.1

 
 
 
 
 
 
 
 
 
 
 
 
Total liabilities and equity
$
25,632.1

 
$
24,840.3

 
$
—

 
$
47,896.4

 
$
(65,633.9
)
 
$
32,734.9
Condensed Consolidating Statement of Cash Flows
UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
Nine Months Ended September 30, 2019
(In millions)
Mylan N.V.
 
Mylan Inc.
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
Cash flows from operating activities:
 
 
 
 
 
 
 
 
 
 
 
Net cash (used in) provided by operating activities
$
(233.8
)
 
$
(451.7
)
 
$
—

 
$
1,802.5

 
$
—

 
$
1,117.0

Cash flows from investing activities:
 
 
 
 
 
 
 
 
 
 
 
Capital expenditures
—

 
(25.4
)
 
—

 
(114.2
)
 
—

 
(139.6
)
Purchase of available for sale securities and other investments
—

 
—

 
—

 
(19.5
)
 
—

 
(19.5
)
Proceeds from the sale of assets
—

 
—

 
—

 
24.3

 
—

 
24.3

Proceeds from the sale of marketable securities
—

 
—

 
—

 
19.1

 
—

 
19.1

Cash paid for acquisitions, net
—

 
—

 
—

 
(148.7
)
 
—

 
(148.7
)
Investments in affiliates
—

 
(18.6
)
 
—

 
—

 
18.6

 
—

Dividends from affiliates
76.7

 
—

 
—

 
—

 
(76.7
)
 
—

Loans to affiliates
(185.7
)
 
—

 
—

 
(3,569.1
)
 
3,754.8

 
—

Repayments of loans from affiliates
1,288.4

 
—

 
—

 
2,669.7

 
(3,958.1
)
 
—

Payments for product rights and other, net
—

 
—

 
—

 
(146.5
)
 
—

 
(146.5
)
Net cash provided by (used in) investing activities
1,179.4

 
(44.0
)
 
—

 
(1,284.9
)
 
(261.4
)
 
(410.9
)
Cash flows from financing activities:
 
 
 
 
 
 
 
 
 
 
 
Payments of financing fees
(0.5
)
 
(2.2
)
 
—

 
—

 
—

 
(2.7
)
Change in short-term borrowings, net
—

 
—

 
—

 
(1.9
)
 
—

 
(1.9
)
Proceeds from issuance of long-term debt
—

 
—

 
—

 
6.4

 
—

 
6.4

Payments of long-term debt
(650.0
)
 
—

 
—

 
(7.1
)
 
—

 
(657.1
)
Proceeds from exercise of stock options
8.0

 
—

 
—

 
—

 
—

 
8.0

Taxes paid related to net share settlement of equity awards
(8.4
)
 
—

 
—

 
—

 
—

 
(8.4
)
Contingent consideration payments
—

 
—

 
—

 
(47.8
)
 
—

 
(47.8
)
Capital contribution from affiliates
—

 
—

 
—

 
18.6

 
(18.6
)
 
—

Capital payments to affiliates
—

 
—

 
—

 
(76.7
)
 
76.7

 
—

Payments on borrowings from affiliates
(1,052.6
)
 
(2,399.1
)
 
—

 
(506.4
)
 
3,958.1

 
—

Proceeds from borrowings from affiliates
757.9

 
2,883.2

 
—

 
113.7

 
(3,754.8
)
 
—

Other items, net
—

 
—

 
—

 
(1.1
)
 
—

 
(1.1
)
Net cash (used in) provided by financing activities
(945.6
)
 
481.9

 
—

 
(502.3
)
 
261.4

 
(704.6
)
Effect on cash of changes in exchange rates
—

 
—

 
—

 
(16.4
)
 
—

 
(16.4
)
Net decrease in cash, cash equivalents and restricted cash
—

 
(13.8
)
 
—

 
(1.1
)
 
—

 
(14.9
)
Cash, cash equivalents and restricted cash — beginning of period
—

 
18.2

 
—

 
371.1

 
—

 
389.3

Cash, cash equivalents and restricted cash — end of period
$
—

 
$
4.4

 
$
—

 
$
370.0

 
$
—

 
$
374.4

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
Nine Months Ended September 30, 2018
(In millions)
Mylan N.V.
 
Mylan Inc.
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
Cash flows from operating activities:
 
 
 
 
 
 
 
 
 
 
 
Net cash (used in) provided by operating activities
$
(68.6
)
 
$
(1,201.6
)
 
$
—

 
$
2,975.8

 
$
—

 
$
1,705.6

Cash flows from investing activities:
 
 
 
 
 
 
 
 
 
 
 
Capital expenditures
—

 
(17.8
)
 
—

 
(119.6
)
 
—

 
(137.4
)
Purchase of available for sale securities and other investments
—

 
—

 
—

 
(49.4
)
 
—

 
(49.4
)
Proceeds from the sale of marketable securities
—

 
36.3

 
—

 
35.8

 
—

 
72.1

Cash paid for acquisitions, net
—

 
—

 
—

 
(307.1
)
 
—

 
(307.1
)
Investments in affiliates
—

 
(22.0
)
 
—

 
—

 
22.0

 
—

Dividends from affiliates
65.3

 
—

 
—

 
—

 
(65.3
)
 
—

Loans to affiliates
(470.6
)
 
—

 
—

 
(4,577.1
)
 
5,047.7

 
—

Repayments of loans from affiliates
1,810.8

 
—

 
—

 
3,205.0

 
(5,015.8
)
 
—

Payments for product rights and other, net
—

 
(0.4
)
 
—

 
(612.6
)
 
—

 
(613.0
)
Net cash provided by (used in) investing activities
1,405.5

 
(3.9
)
 
—

 
(2,425.0
)
 
(11.4
)
 
(1,034.8
)
Cash flows from financing activities:
 
 
 
 
 
 
 
 
 
 
 
Payments of financing fees
(0.5
)
 
(20.2
)
 
—

 
(0.1
)
 
—

 
(20.8
)
Purchase of ordinary shares
(432.0
)
 
—

 
—

 
—

 
—

 
(432.0
)
Change in short-term borrowings, net
—

 
—

 
—

 
(45.9
)
 
—

 
(45.9
)
Proceeds from issuance of long-term debt
496.5

 
2,079.2

 
—

 
2.0

 
—

 
2,577.7

Payments of long-term debt
(1,446.5
)
 
(1,150.0
)
 
—

 
(2.1
)
 
—

 
(2,598.6
)
Proceeds from exercise of stock options
15.6

 
—

 
—

 
—

 
—

 
15.6

Taxes paid related to net share settlement of equity awards
(10.1
)
 
—

 
—

 
—

 
—

 
(10.1
)
Contingent consideration payments
—

 
—

 
—

 
(0.2
)
 
—

 
(0.2
)
Capital contribution from affiliates
—

 
—

 
—

 
22.0

 
(22.0
)
 
—

Capital payments to affiliates
—

 
—

 
—

 
(65.3
)
 
65.3

 
—

Payments on borrowings from affiliates
(1,273.9
)
 
(3,010.1
)
 
—

 
(731.8
)
 
5,015.8

 
—

Proceeds from borrowings from affiliates
1,314.0

 
3,309.9

 
—

 
423.8

 
(5,047.7
)
 
—

Other items, net
—

 
—

 
—

 
(0.4
)
 
—

 
(0.4
)
Net cash (used in) provided by financing activities
(1,336.9
)
 
1,208.8

 
—

 
(398.0
)
 
11.4

 
(514.7
)
Effect on cash of changes in exchange rates
—

 
—

 
—

 
(22.9
)
 
—

 
(22.9
)
Net increase in cash, cash equivalents and restricted cash
—

 
3.3

 
—

 
129.9

 
—

 
133.2

Cash, cash equivalents and restricted cash — beginning of period
—

 
23.8

 
—

 
346.1

 
—

 
369.9

Cash, cash equivalents and restricted cash — end of period
$
—

 
$
27.1

 
$
—

 
$
476.0

 
$
—

 
$
503.1
Schedule of Cash, cash equivalents, and restricted cash [Table Text Block]
Cash and restricted cash
(In millions)
September 30,
2019
 
December 31,
2018
 
September 30,
2018
Cash and cash equivalents
$
358.9

 
$
388.1

 
$
449.2

Restricted cash, included in prepaid expenses and other current assets
15.5

 
1.2

 
53.9

Cash, cash equivalents and restricted cash
$
374.4

 
$
389.3

 
$
503.1


The following tables provide a reconciliation of cash and cash equivalents, as reported on our unaudited condensed consolidating balance sheets, to cash, cash equivalents and restricted cash, as reported on our unaudited condensed consolidating statements of cash flows (in millions):
 
September 30, 2019
 
Mylan N.V.
 
Mylan Inc.
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
Cash and cash equivalents
$
—

 
$
4.4

 
$
—

 
$
354.5

 
$
—

 
$
358.9

Restricted cash, included in prepaid expenses and other current assets
—

 
—

 
—

 
15.5

 
—

 
15.5

Cash, cash equivalents and restricted cash
$
—

 
$
4.4

 
$
—

 
$
370.0

 
$
—

 
$
374.4

 
December 31, 2018
 
Mylan N.V.
 
Mylan Inc.
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
Cash and cash equivalents
$
—

 
$
18.2

 
$
—

 
$
369.9

 
$
—

 
$
388.1

Restricted cash, included in prepaid expenses and other current assets
—

 
—

 
—

 
1.2

 
—

 
1.2

Cash, cash equivalents and restricted cash
$
—

 
$
18.2

 
$
—

 
$
371.1

 
$
—

 
$
389.3

 
September 30, 2018
 
Mylan N.V.
 
Mylan Inc.
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
Cash and cash equivalents
$
—

 
$
27.1

 
$
—

 
$
422.1

 
$
—

 
$
449.2

Restricted cash, included in prepaid expenses and other current assets
—

 
—

 
—

 
53.9

 
—

 
53.9

Cash, cash equivalents and restricted cash
$
—

 
$
27.1

 
$
—

 
$
476.0

 
$
—

 
$
503.1