XML 72 R49.htm IDEA: XBRL DOCUMENT v3.7.0.1
Supplemental Guarantor Information (Tables)
 3 Months Ended
Mar. 31, 2017
Supplemental Guarantor Information [Abstract]  
Condensed Balance Sheet [Table Text Block]
Condensed Consolidating Balance Sheets
As of March 31, 2017
 
Parent
 
Combined
Guarantor
Subsidiaries
 
Combined
Non-Guarantor
Subsidiaries
 
Reclassifications/
Eliminations
 
Consolidated
ASSETS
Current assets
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
19.0

 
$
2.2

 
$
468.9

 
$
—

 
$
490.1

Short-term investments
—

 
—

 
77.7

 
—

 
77.7

Trade receivables, net
143.2

 
0.4

 
737.0

 
—

 
880.6

Intercompany receivables
755.4

 
925.1

 
1,782.8

 
(3,463.3
)
 
—

Inventories
150.3

 
—

 
610.8

 
—

 
761.1

Prepaid expenses
11.9

 
1.1

 
50.6

 
—

 
63.6

Income taxes
20.3

 
4.1

 
102.2

 
(4.1
)
 
122.5

Other current assets
3.9

 
1.4

 
200.6

 
—

 
205.9

Total current assets
1,104.0

 
934.3

 
4,030.6

 
(3,467.4
)
 
2,601.5

Securities and other investments
94.5

 
—

 
—

 
—

 
94.5

Property, plant and equipment, net
101.1

 
3.7

 
277.4

 
—

 
382.2

Goodwill
55.5

 
—

 
956.2

 
—

 
1,011.7

Deferred income taxes
167.4

 
7.8

 
137.1

 
—

 
312.3

Finance lease receivables
—

 
4.1

 
18.8

 
—

 
22.9

Intangible assets, net
1.0

 
12.3

 
740.2

 
—

 
753.5

Investment in subsidiary
2,645.4

 
—

 
16.3

 
(2,661.7
)
 
—

Other assets
4.6

 
0.1

 
61.3

 
—

 
66.0

Total assets
$
4,173.5

 
$
962.3

 
$
6,237.9

 
$
(6,129.1
)
 
$
5,244.6

 
 
 
 
 
 
 
 
 
 
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY
Current liabilities
 
 
 
 
 
 
 
 
 
Notes payable
$
52.4

 
$
1.0

 
$
24.3

 
$
—

 
$
77.7

Accounts payable
96.9

 
0.4

 
443.9

 
—

 
541.2

Intercompany payable
1,313.3

 
181.4

 
1,968.6

 
(3,463.3
)
 
—

Deferred revenue
119.2

 
0.5

 
370.3

 
—

 
490.0

Payroll and other benefits liabilities
19.9

 
0.8

 
148.3

 
—

 
169.0

Other current liabilities
113.2

 
2.7

 
456.5

 
(4.1
)
 
568.3

Total current liabilities
1,714.9

 
186.8

 
3,411.9

 
(3,467.4
)
 
1,846.2

Long-term debt
1,689.0

 
0.3

 
0.4

 
—

 
1,689.7

Pensions, post-retirement and other benefits
211.8

 
—

 
80.8

 
—

 
292.6

Deferred income taxes
13.4

 
—

 
276.9

 
—

 
290.3

Other liabilities
11.3

 
—

 
96.7

 
—

 
108.0

Commitments and contingencies
 
 
 
 
 
 
 
 
 
Redeemable noncontrolling interests
—

 
—

 
449.9

 
—

 
449.9

Total Diebold Nixdorf, Incorporated shareholders' equity
533.1

 
775.2

 
1,886.5

 
(2,661.7
)
 
533.1

Noncontrolling interests
—

 
—

 
34.8

 
—

 
34.8

Total liabilities, redeemable noncontrolling interests and equity
$
4,173.5

 
$
962.3

 
$
6,237.9

 
$
(6,129.1
)
 
$
5,244.6

Condensed Consolidating Balance Sheets
As of December 31, 2016
 
Parent
 
Combined
Guarantor
Subsidiaries
 
Combined
Non-Guarantor
Subsidiaries
 
Reclassifications/
Eliminations
 
Consolidated
ASSETS
Current assets
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
138.4

 
$
2.3

 
$
512.0

 
$
—

 
$
652.7

Short-term investments
—

 
—

 
64.1

 
—

 
64.1

Trade receivables, net
119.0

 
—

 
717.5

 
(0.6
)
 
835.9

Intercompany receivables
883.0

 
783.7

 
480.1

 
(2,146.8
)
 
—

Inventories
110.5

 
16.2

 
611.0

 
—

 
737.7

Prepaid expenses
14.7

 
0.8

 
45.2

 
—

 
60.7

Income taxes
0.3

 
25.4

 
84.9

 
(25.4
)
 
85.2

Other current assets
3.2

 
1.6

 
178.5

 
—

 
183.3

Total current assets
1,269.1

 
830.0

 
2,693.3

 
(2,172.8
)
 
2,619.6

Securities and other investments
94.7

 
—

 
—

 
—

 
94.7

Property, plant and equipment, net
102.7

 
9.0

 
275.3

 
—

 
387.0

Goodwill
55.5

 
—

 
942.8

 
—

 
998.3

Deferred income taxes
173.1

 
7.8

 
128.6

 
—

 
309.5

Finance lease receivables
—

 
4.8

 
20.4

 
—

 
25.2

Intangible assets, net
1.8

 
13.6

 
757.5

 
—

 
772.9

Investment in subsidiary
2,619.6

 
—

 
9.3

 
(2,628.9
)
 
—

Other assets
2.9

 
0.1

 
60.1

 
—

 
63.1

Total assets
$
4,319.4

 
$
865.3

 
$
4,887.3

 
$
(4,801.7
)
 
$
5,270.3

 
 
 
 
 
 
 
 
 
 
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY
Current liabilities
 
 
 
 
 
 
 
 
 
Notes payable
$
30.9

 
$
1.3

 
$
74.7

 
$
—

 
$
106.9

Accounts payable
101.6

 
1.1

 
458.4

 
(0.6
)
 
560.5

Intercompany payable
1,376.6

 
175.9

 
594.3

 
(2,146.8
)
 
—

Deferred revenue
114.7

 
0.7

 
288.8

 
—

 
404.2

Payroll and other benefits liabilities
21.0

 
1.4

 
150.1

 
—

 
172.5

Other current liabilities
156.1

 
3.9

 
445.8

 
(25.4
)
 
580.4

Total current liabilities
1,800.9

 
184.3

 
2,012.1

 
(2,172.8
)
 
1,824.5

Long-term debt
1,690.5

 
0.4

 
0.5

 
—

 
1,691.4

Pensions, post-retirement and other benefits
212.6

 
—

 
84.6

 
—

 
297.2

Deferred income taxes
13.4

 
—

 
287.2

 
—

 
300.6

Other liabilities
10.6

 
—

 
77.1

 
—

 
87.7

Commitments and contingencies
 
 
 
 
 
 
 
 
 
Redeemable noncontrolling interests
—

 
—

 
44.1

 
—

 
44.1

Total Diebold Nixdorf, Incorporated shareholders' equity
591.4

 
680.6

 
1,948.3

 
(2,628.9
)
 
591.4

Noncontrolling interests
—

 
—

 
433.4

 
—

 
433.4

Total liabilities, redeemable noncontrolling interests and equity
$
4,319.4

 
$
865.3

 
$
4,887.3

 
$
(4,801.7
)
 
$
5,270.3
Condensed Income Statement [Table Text Block]
Condensed Consolidating Statement of Operations and Comprehensive Income (Loss)
Three Months Ended March 31, 2017
 
Parent
 
Combined
Guarantor
Subsidiaries
 
Combined
Non-Guarantor
Subsidiaries
 
Reclassifications/
Eliminations
 
Consolidated
 
 
 
 
 
 
 
 
 
 
Net sales
$
251.2

 
$
4.9

 
$
851.0

 
$
(4.3
)
 
$
1,102.8

Cost of sales
199.8

 
5.9

 
658.9

 
(4.3
)
 
860.3

Gross profit
51.4

 
(1.0
)
 
192.1

 
—

 
242.5

Selling and administrative expense
67.1

 
2.9

 
177.0

 
—

 
247.0

Research, development and engineering expense
(0.1
)
 
9.8

 
31.7

 
—

 
41.4

Impairment of assets
3.1

 
—

 
—

 
—

 
3.1

(Gain) loss on sale of assets, net
—

 
0.1

 
(0.5
)
 
—

 
(0.4
)
 
70.1

 
12.8

 
208.2

 
—

 
291.1

Operating profit (loss)
(18.7
)
 
(13.8
)
 
(16.1
)
 
—

 
(48.6
)
Other income (expense)
 
 
 
 
 
 
 
 
 
Interest income
0.5

 
0.1

 
5.8

 
—

 
6.4

Interest expense
(30.0
)
 
—

 
0.2

 
(1.0
)
 
(30.8
)
Foreign exchange gain (loss), net
—

 
—

 
(3.1
)
 
—

 
(3.1
)
Equity in earnings of subsidiaries
(26.4
)
 
—

 
—

 
26.4

 
—

Miscellaneous, net
0.7

 
1.9

 
(1.3
)
 
—

 
1.3

Income (loss) from continuing operations before taxes
(73.9
)
 
(11.8
)
 
(14.5
)
 
25.4

 
(74.8
)
Income tax (benefit) expense
(15.1
)
 
(4.1
)
 
(3.4
)
 
—

 
(22.6
)
Income (loss) from continuing operations, net of tax
(58.8
)
 
(7.7
)
 
(11.1
)
 
25.4

 
(52.2
)
Income (loss) from discontinued operations, net of tax
—

 
—

 
—

 
—

 
—

Net income (loss)
(58.8
)
 
(7.7
)
 
(11.1
)
 
25.4

 
(52.2
)
Net income attributable to noncontrolling interests
—

 
—

 
6.6

 
—

 
6.6

Net income (loss) attributable to Diebold Nixdorf, Incorporated
$
(58.8
)
 
$
(7.7
)
 
$
(17.7
)
 
$
25.4

 
$
(58.8
)
Comprehensive income (loss)
$
(13.9
)
 
$
(7.7
)
 
$
46.2

 
$
(31.9
)
 
$
(7.3
)
Less: comprehensive income (loss) attributable to noncontrolling interests
—

 
—

 
6.6

 
—

 
6.6

Comprehensive income (loss) attributable to Diebold Nixdorf, Incorporated
$
(13.9
)
 
$
(7.7
)
 
$
39.6

 
$
(31.9
)
 
$
(13.9
)

Condensed Consolidating Statement of Operations and Comprehensive Income (Loss)
Three Months Ended March 31, 2016
 
Parent
 
Combined
Guarantor
Subsidiaries
 
Combined
Non-Guarantor
Subsidiaries
 
Reclassifications/
Eliminations
 
Consolidated
 
 
 
 
 
 
 
 
 
 
Net sales
$
261.3

 
$
25.7

 
$
247.9

 
$
(25.3
)
 
$
509.6

Cost of sales
190.7

 
26.9

 
178.1

 
(24.9
)
 
370.8

Gross profit
70.6

 
(1.2
)
 
69.8

 
(0.4
)
 
138.8

Selling and administrative expense
78.1

 
2.6

 
44.9

 
—

 
125.6

Research, development and engineering expense
1.3

 
12.1

 
5.1

 
—

 
18.5

(Gain) loss on sale of assets, net
—

 
0.1

 
0.3

 
—

 
0.4

 
79.4

 
14.8

 
50.3

 
—

 
144.5

Operating profit (loss)
(8.8
)
 
(16.0
)
 
19.5

 
(0.4
)
 
(5.7
)
Other income (expense)
 
 
 
 
 
 
 
 
 
Interest income
0.1

 
0.2

 
4.6

 
—

 
4.9

Interest expense
(11.3
)
 
(0.1
)
 
(0.1
)
 
—

 
(11.5
)
Foreign exchange gain (loss), net
(1.7
)
 
—

 
(0.7
)
 
—

 
(2.4
)
Equity in earnings of subsidiaries
15.7

 
—

 
—

 
(15.7
)
 
—

Miscellaneous, net
33.2

 
1.5

 
(0.1
)
 
—

 
34.6

Income (loss) from continuing operations before taxes
27.2

 
(14.4
)
 
23.2

 
(16.1
)
 
19.9

Income tax (benefit) expense
(3.0
)
 
(2.8
)
 
5.0

 
—

 
(0.8
)
Income (loss) from continuing operations, net of tax
30.2

 
(11.6
)
 
18.2

 
(16.1
)
 
20.7

Income (loss) from discontinued operations, net of tax
138.0

 
—

 
9.8

 
—

 
147.8

Net income (loss)
168.2

 
(11.6
)
 
28.0

 
(16.1
)
 
168.5

Net income attributable to noncontrolling interests
—

 
—

 
0.3

 
—

 
0.3

Net income (loss) attributable to Diebold Nixdorf, Incorporated
$
168.2

 
$
(11.6
)
 
$
27.7

 
$
(16.1
)
 
$
168.2

Comprehensive income (loss)
$
196.0

 
$
(9.4
)
 
$
60.7

 
$
(48.8
)
 
$
198.5

Less: comprehensive income (loss) attributable to noncontrolling interests
—

 
—

 
0.4

 
—

 
0.4

Comprehensive income (loss) attributable to Diebold Nixdorf, Incorporated
$
196.0

 
$
(9.4
)
 
$
60.3

 
$
(48.8
)
 
$
198.1
Condensed Cash Flow Statement [Table Text Block]
Condensed Consolidating Statement of Cash Flows
Three Months Ended March 31, 2017
 
Parent
 
Combined
Guarantor
Subsidiaries
 
Combined
Non-Guarantor
Subsidiaries
 
Reclassifications/
Eliminations
 
Consolidated
Net cash used by operating activities
$
(111.5
)
 
$
(2.2
)
 
$
4.2

 
$
43.1

 
$
(66.4
)
 
 
 
 
 
 
 
 
 
 
Cash flow from investing activities
 
 
 
 
 
 
 
 
 
Proceeds from maturities of investments
0.8

 
—

 
84.1

 
—

 
84.9

Payments for purchases of investments
—

 
—

 
(95.1
)
 
—

 
(95.1
)
Proceeds from sale of assets
—

 
—

 
2.0

 
—

 
2.0

Capital expenditures
(1.8
)
 
—

 
(10.3
)
 
—

 
(12.1
)
Increase in certain other assets
(4.9
)
 
4.2

 
(8.0
)
 
—

 
(8.7
)
Capital contributions and loans paid
(164.7
)
 
—

 
—

 
164.7

 
—

Proceeds from intercompany loans
162.3

 
—

 
—

 
(162.3
)
 
—

Net cash (used) provided by investing activities - continuing operations
(8.3
)
 
4.2

 
(27.3
)
 
2.4

 
(29.0
)
Net cash provided by investing activities - discontinued operations
—

 
—

 
—

 
—

 
—

Net cash (used) provided by investing activities
(8.3
)
 
4.2

 
(27.3
)
 
2.4

 
(29.0
)
 
 
 
 
 
 
 
 
 
 
Cash flow from financing activities
 
 
 
 
 
 
 
 
 
Dividends paid
(7.6
)
 
—

 
—

 
—

 
(7.6
)
Debt issuance costs
—

 
—

 
—

 
—

 
—

Revolving credit facility borrowings (repayments), net
20.0

 
—

 
—

 
—

 
20.0

Other debt borrowings
—

 
—

 
62.2

 
(43.1
)
 
19.1

Other debt repayments
(7.8
)
 
(0.3
)
 
(75.9
)
 
—

 
(84.0
)
Distributions to noncontrolling interest holders
—

 
—

 
(15.7
)
 
—

 
(15.7
)
Excess tax benefits from share-based compensation
0.1

 
—

 
—

 
—

 
0.1

Issuance of common shares
0.3

 
—

 
—

 
—

 
0.3

Repurchase of common shares
(4.6
)
 
—

 
—

 
—

 
(4.6
)
Capital contributions received and loans incurred
—

 
17.8

 
146.9

 
(164.7
)
 
—

Payments on intercompany loans
—

 
(19.6
)
 
(142.7
)
 
162.3

 
—

Net cash provided (used) by financing activities
0.4

 
(2.1
)
 
(25.2
)
 
(45.5
)
 
(72.4
)
Effect of exchange rate changes on cash and cash equivalents
—

 
—

 
5.2

 
—

 
5.2

Increase (decrease) in cash and cash equivalents
(119.4
)
 
(0.1
)
 
(43.1
)
 
—

 
(162.6
)
Cash and cash equivalents at the beginning of the period
138.4

 
2.3

 
512.0

 
—

 
652.7

Cash and cash equivalents at the end of the period
$
19.0

 
$
2.2

 
$
468.9

 
$
—

 
$
490.1


Condensed Consolidating Statement of Cash Flows
Three Months Ended March 31, 2016
 
Parent
 
Combined
Guarantor
Subsidiaries
 
Combined
Non-Guarantor
Subsidiaries
 
Reclassifications/
Eliminations
 
Consolidated
Net cash used by operating activities
$
(113.2
)
 
$
(23.4
)
 
$
21.4

 
$
—

 
$
(115.2
)
 
 
 
 
 
 
 
 
 
 
Cash flow from investing activities
 
 
 
 
 
 
 
 
 
Proceeds from maturities of investments
1.0

 
—

 
34.1

 
—

 
35.1

Payments for purchases of investments
—

 
—

 
(39.5
)
 
—

 
(39.5
)
Proceeds from sale of assets
—

 
—

 
0.2

 
—

 
0.2

Capital expenditures
(1.4
)
 
(0.4
)
 
(2.9
)
 
—

 
(4.7
)
Increase in certain other assets
(12.2
)
 
(1.5
)
 
8.8

 
—

 
(4.9
)
Capital contributions and loans paid
(53.0
)
 
—

 
—

 
53.0

 
—

Proceeds from intercompany loans
47.1

 
—

 
—

 
(47.1
)
 
—

Net cash (used) provided by investing activities - continuing operations
(18.5
)
 
(1.9
)
 
0.7

 
5.9

 
(13.8
)
Net cash provided by investing activities - discontinued operations
365.1

 
—

 
—

 
—

 
365.1

Net cash (used) provided by investing activities
346.6

 
(1.9
)
 
0.7

 
5.9

 
351.3

 
 
 
 
 
 
 
 
 
 
Cash flow from financing activities
 
 
 
 
 
 
 
 
 
Dividends paid
(18.8
)
 
—

 
—

 
—

 
(18.8
)
Debt issuance costs
(0.8
)
 
—

 
—

 
—

 
(0.8
)
Restricted cash, net
(116.1
)
 
—

 
—

 
—

 
(116.1
)
Revolving credit facility borrowings (repayments), net
73.1

 
—

 
—

 
—

 
73.1

Other debt borrowings
—

 
—

 
17.3

 
—

 
17.3

Other debt repayments
(177.7
)
 
(0.2
)
 
(20.1
)
 
—

 
(198.0
)
Distributions to noncontrolling interest holders
—

 
—

 
(2.0
)
 
—

 
(2.0
)
Repurchase of common shares
(1.7
)
 
—

 
—

 
—

 
(1.7
)
Capital contributions received and loans incurred
—

 
49.9

 
3.1

 
(53.0
)
 
—

Payments on intercompany loans
—

 
(29.5
)
 
(17.6
)
 
47.1

 
—

Net cash provided (used) by financing activities
(242.0
)
 
20.2

 
(19.3
)
 
(5.9
)
 
(247.0
)
Effect of exchange rate changes on cash and cash equivalents
—

 
—

 
3.4

 
—

 
3.4

(Decrease) increase in cash and cash equivalents
(8.6
)
 
(5.1
)
 
6.2

 
—

 
(7.5
)
Add: Cash overdraft included in assets held for sale at beginning of period
(1.5
)
 
—

 
—

 
—

 
(1.5
)
Cash and cash equivalents at the beginning of the period
20.3

 
7.9

 
285.4

 
—

 
313.6

Cash and cash equivalents at the end of the period
$
10.2

 
$
2.8

 
$
291.6

 
$
—

 
$
304.6