XML 57 R46.htm IDEA: XBRL DOCUMENT v3.19.1
Supplemental Guarantor Information (Tables)
 3 Months Ended
Mar. 31, 2019
Supplemental Guarantor Information [Abstract]  
Condensed Balance Sheet [Table Text Block]
Condensed Consolidating Balance Sheet
As of March 31, 2019
 
Parent
 
Domestic
Guarantor
Subsidiaries
 
Foreign Guarantor Subsidiary
 
Non-
Guarantor
Subsidiaries
 
Consolidating
Entries and
Eliminations
 
Consolidated
ASSETS
Current assets
 
 
 
 
 
 
 
 
 
 
 
Cash, cash equivalents and restricted cash
$
14.1

 
$
3.0

 
$
—

 
$
360.8

 
$
—

 
$
377.9

Short-term investments
—

 
—

 
—

 
31.5

 
—

 
31.5

Trade receivables, net
117.2

 
—

 
—

 
580.5

 
—

 
697.7

Intercompany receivables
660.3

 
589.3

 
—

 
724.4

 
(1,974.0
)
 
—

Inventories
161.7

 
—

 
—

 
505.4

 
(4.1
)
 
663.0

Prepaid, income taxes and other current assets
32.8

 
12.6

 
—

 
334.0

 
(12.2
)
 
367.2

Total current assets
986.1

 
604.9

 
—

 
2,536.6

 
(1,990.3
)
 
2,137.3

Securities and other investments
18.7

 
—

 
—

 
—

 
—

 
18.7

Property, plant and equipment, net
75.5

 
0.7

 
—

 
218.3

 
—

 
294.5

Goodwill
55.5

 
—

 
—

 
758.1

 
—

 
813.6

Deferred income taxes
106.5

 
6.2

 
—

 
95.7

 
—

 
208.4

Intangible assets, net
28.9

 
—

 
—

 
559.9

 
—

 
588.8

Investment in subsidiary
1,738.7

 
(1.6
)
 
419.7

 
—

 
(2,156.8
)
 
—

Long-term intercompany receivables
617.9

 
—

 
—

 
—

 
(617.9
)
 
—

Other assets
53.5

 
0.3

 
—

 
212.2

 
—

 
266.0

Total assets
$
3,681.3

 
$
610.5

 
$
419.7

 
$
4,380.8

 
$
(4,765.0
)
 
$
4,327.3

 
 
 
 
 
 
 
 
 
 
 
 
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY
Current liabilities
 
 
 
 
 
 
 
 
 
 
 
Notes payable
$
26.9

 
$
—

 
$
—

 
$
20.3

 
$
—

 
$
47.2

Accounts payable
79.6

 
0.1

 
—

 
412.1

 
—

 
491.8

Intercompany payable
1,192.2

 
59.8

 
122.5

 
599.5

 
(1,974.0
)
 
—

Deferred revenue
124.6

 
—

 
—

 
318.6

 
—

 
443.2

Payroll and other benefits liabilities
25.0

 
0.5

 
—

 
141.7

 
—

 
167.2

Other current liabilities
151.6

 
0.1

 
—

 
365.6

 
(12.2
)
 
505.1

Total current liabilities
1,599.9

 
60.5

 
122.5

 
1,857.8

 
(1,986.2
)
 
1,654.5

Long-term debt
2,164.5

 
—

 
—

 
26.7

 
—

 
2,191.2

Long-term intercompany payable
—

 
—

 
—

 
617.9

 
(617.9
)
 
—

Other long-term liabilities
218.3

 
—

 
—

 
438.2

 
—

 
656.5

Commitments and contingencies
 
 
 
 
 
 
 
 
 
 
—

Redeemable noncontrolling interests
—

 
—

 
—

 
99.8

 
—

 
99.8

Total Diebold Nixdorf, Incorporated shareholders' equity
(301.4
)
 
550.0

 
297.2

 
1,313.7

 
(2,160.9
)
 
(301.4
)
Noncontrolling interests
—

 
—

 
—

 
26.7

 
—

 
26.7

Total liabilities, redeemable noncontrolling interests and equity
$
3,681.3

 
$
610.5

 
$
419.7

 
$
4,380.8

 
$
(4,765.0
)
 
$
4,327.3

Condensed Consolidating Balance Sheet
As of December 31, 2018
 
Parent
 
Domestic
Guarantor
Subsidiaries
 
Foreign Guarantor Subsidiary
 
Non-
Guarantor
Subsidiaries
 
Consolidating
Entries and
Eliminations
 
Consolidated
ASSETS
Current assets
 
 
 
 
 
 
 
 
 
 
 
Cash, cash equivalents and restricted cash
$
17.3

 
$
2.7

 
$
—

 
$
438.4

 
$
—

 
$
458.4

Short-term investments
—

 
—

 
—

 
33.5

 
—

 
33.5

Trade receivables, net
105.7

 
0.1

 
—

 
631.4

 
—

 
737.2

Intercompany receivables
205.3

 
606.3

 
—

 
536.5

 
(1,348.1
)
 
—

Inventories
164.8

 
—

 
—

 
447.5

 
(2.2
)
 
610.1

Prepaid, income taxes and other current assets
36.8

 
12.7

 
—

 
340.5

 
(25.8
)
 
364.2

Total current assets
529.9

 
621.8

 
—

 
2,427.8

 
(1,376.1
)
 
2,203.4

Securities and other investments
22.4

 
—

 
—

 
—

 
—

 
22.4

Property, plant and equipment, net
76.9

 
0.8

 
—

 
226.4

 
—

 
304.1

Deferred income taxes
139.9

 
6.2

 
—

 
97.8

 
—

 
243.9

Goodwill
58.1

 
—

 
—

 
769.0

 
—

 
827.1

Intangible assets, net
30.8

 
—

 
—

 
593.8

 
—

 
624.6

Investment in subsidiary
2,702.1

 
(0.6
)
 
1,129.0

 
—

 
(3,830.5
)
 
—

Other assets
30.2

 
0.4

 
—

 
69.3

 
(13.5
)
 
86.4

Total assets
$
3,590.3

 
$
628.6

 
$
1,129.0

 
$
4,184.1

 
$
(5,220.1
)
 
$
4,311.9

 
 
 
 
 
 
 
 
 
 
 
 
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY
Current liabilities
 
 
 
 
 
 
 
 
 
 
 
Notes payable
$
25.7

 
$
0.1

 
$
—

 
$
23.7

 
$
—

 
$
49.5

Accounts payable
88.1

 
—

 
—

 
421.4

 
—

 
509.5

Intercompany payable
1,030.8

 
60.8

 
120.1

 
136.4

 
(1,348.1
)
 
—

Deferred revenue
116.6

 
0.1

 
—

 
261.5

 
—

 
378.2

Payroll and other benefits liabilities
26.7

 
1.3

 
—

 
156.3

 
—

 
184.3

Other current liabilities
114.2

 
1.5

 
—

 
352.4

 
(21.2
)
 
446.9

Total current liabilities
1,402.1

 
63.8

 
120.1

 
1,351.7

 
(1,369.3
)
 
1,568.4

Long-term debt
2,172.5

 
—

 
—

 
17.5

 
—

 
2,190.0

Other long-term liabilities
202.1

 
—

 
—

 
398.6

 
(18.0
)
 
582.7

Redeemable noncontrolling interests
—

 
—

 
—

 
130.4

 
—

 
130.4

Total Diebold Nixdorf, Incorporated shareholders' equity
(186.4
)
 
564.8

 
1,008.9

 
2,259.1

 
(3,832.8
)
 
(186.4
)
Noncontrolling interests
—

 
—

 
—

 
26.8

 
—

 
26.8

Total liabilities, redeemable noncontrolling interests and equity
$
3,590.3

 
$
628.6

 
$
1,129.0

 
$
4,184.1

 
$
(5,220.1
)
 
$
4,311.9
Condensed Income Statement [Table Text Block]
 
Parent
 
Domestic
Guarantor
Subsidiaries
 
Foreign Guarantor Subsidiary
 
Non-
Guarantor
Subsidiaries
 
Consolidating
Entries and
Eliminations
 
Consolidated
 
 
 
 
 
 
 
 
 
 
 
 
Net sales
$
295.5

 
$
0.1

 
$
—

 
$
851.3

 
$
(118.8
)
 
$
1,028.1

Cost of sales
243.0

 
0.2

 
—

 
650.9

 
(110.1
)
 
784.0

Gross profit (loss)
52.5

 
(0.1
)
 
—

 
200.4

 
(8.7
)
 
244.1

Selling and administrative expense
84.0

 
1.1

 
—

 
143.2

 
—

 
228.3

Research, development and engineering expense
1.2

 
8.8

 
—

 
31.5

 
(4.6
)
 
36.9

Loss on sale of assets, net
—

 
—

 
—

 
3.4

 
—

 
3.4

 
85.2

 
9.9

 
—

 
178.1

 
(4.6
)
 
268.6

Operating (loss) income
(32.7
)
 
(10.0
)
 
—

 
22.3

 
(4.1
)
 
(24.5
)
Other income (expense)
 
 
 
 
 
 
 
 
 
 
 
Interest income
0.9

 
—

 
—

 
2.0

 
—

 
2.9

Interest expense
(47.5
)
 
—

 
—

 
(3.4
)
 
—

 
(50.9
)
Foreign exchange (loss) gain, net
(1.4
)
 
—

 
—

 
4.2

 
—

 
2.8

Miscellaneous, net
12.6

 
0.3

 
(1.7
)
 
(9.8
)
 
(2.8
)
 
(1.4
)
(Loss) income before taxes
(68.1
)
 
(9.7
)
 
(1.7
)
 
15.3

 
(6.9
)
 
(71.1
)
Income tax expense
41.0

 
(6.4
)
 
0.7

 
25.1

 
—

 
60.4

Equity in earnings of subsidiaries
(23.6
)
 
(1.0
)
 
19.8

 
(0.4
)
 
4.8

 
(0.4
)
Net (loss) income
(132.7
)
 
(4.3
)
 
17.4

 
(10.2
)
 
(2.1
)
 
(131.9
)
Net income attributable to noncontrolling interests
—

 
—

 
—

 
0.8

 
—

 
0.8

Net (loss) income attributable to Diebold Nixdorf, Incorporated
$
(132.7
)
 
$
(4.3
)
 
$
17.4

 
$
(11.0
)
 
$
(2.1
)
 
$
(132.7
)
Comprehensive (loss) income
$
(133.8
)
 
$
(4.3
)
 
$
19.5

 
$
(40.6
)
 
$
28.9

 
$
(130.3
)
Less: comprehensive income attributable to noncontrolling interests
—

 
—

 
—

 
3.5

 
—

 
3.5

Comprehensive (loss) income attributable to Diebold Nixdorf, Incorporated
$
(133.8
)
 
$
(4.3
)
 
$
19.5

 
$
(44.1
)
 
$
28.9

 
$
(133.8
)
Condensed Consolidating Statement of Operations and Comprehensive Income (Loss)
Three Months Ended March 31, 2018
 
Parent
 
Domestic
Guarantor
Subsidiaries
 
Foreign Guarantor Subsidiary
 
Non-
Guarantor
Subsidiaries
 
Consolidating
Entries and
Eliminations
 
Consolidated
 
 
 
 
 
 
 
 
 
 
 
 
Net sales
$
252.5

 
$
0.2

 
$
—

 
$
864.6

 
$
(53.1
)
 
$
1,064.2

Cost of sales
208.9

 
0.4

 
—

 
658.4

 
(41.9
)
 
825.8

Gross profit (loss)
43.6

 
(0.2
)
 
—

 
206.2

 
(11.2
)
 
238.4

Selling and administrative expense
75.7

 
1.2

 
0.2

 
150.8

 
—

 
227.9

Research, development and engineering expense
0.7

 
11.3

 
—

 
35.3

 
(5.6
)
 
41.7

Gain on sale of assets, net
(4.4
)
 
—

 
—

 
(3.3
)
 
—

 
(7.7
)
 
72.0

 
12.5

 
0.2

 
182.8

 
(5.6
)
 
261.9

Operating (loss) income
(28.4
)
 
(12.7
)
 
(0.2
)
 
23.4

 
(5.6
)
 
(23.5
)
Other income (expense)
 
 
 
 
 
 
 
 
 
 
 
Interest income
0.2

 
—

 
—

 
3.3

 
—

 
3.5

Interest expense
(24.8
)
 
—

 
—

 
(1.2
)
 
—

 
(26.0
)
Foreign exchange (loss) gain, net
(3.0
)
 
—

 
—

 
1.6

 
—

 
(1.4
)
Miscellaneous, net
(1.3
)
 
1.5

 
(0.9
)
 
0.6

 
—

 
(0.1
)
Loss before taxes
(57.3
)
 
(11.2
)
 
(1.1
)
 
27.7

 
(5.6
)
 
(47.5
)
Income tax expense
(28.6
)
 
(20.6
)
 
1.9

 
66.5

 
—

 
19.2

Equity in earnings of subsidiaries
(44.5
)
 
—

 
8.7

 
1.1

 
35.8

 
1.1

Net (loss) income
(73.2
)
 
9.4

 
5.7

 
(37.7
)
 
30.2

 
(65.6
)
Net income attributable to noncontrolling interests
—

 
—

 
—

 
7.6

 
—

 
7.6

Net (loss) income attributable to Diebold Nixdorf, Incorporated
$
(73.2
)
 
$
9.4

 
$
5.7

 
$
(45.3
)
 
$
30.2

 
$
(73.2
)
Comprehensive (loss) income
$
(82.4
)
 
$
9.4

 
$
5.7

 
$
(7.6
)
 
$
0.1

 
$
(74.8
)
Less: comprehensive income attributable to noncontrolling interests
—

 
—

 
—

 
7.6

 
—

 
7.6

Comprehensive (loss) income attributable to Diebold Nixdorf, Incorporated
$
(82.4
)
 
$
9.4

 
$
5.7

 
$
(15.2
)
 
$
0.1

 
$
(82.4
)
Condensed Cash Flow Statement [Table Text Block]
Condensed Consolidating Statement of Cash Flows
Three Months Ended March 31, 2019
 
Parent
 
Domestic
Guarantor
Subsidiaries
 
Foreign Guarantor Subsidiary
 
Non-
Guarantor
Subsidiaries
 
Consolidating
Entries and
Eliminations
 
Consolidated
Net cash provided (used) by operating activities
$
15.3

 
$
(12.5
)
 
$
—

 
$
(59.9
)
 
$
—

 
$
(57.1
)
 
 
 
 
 
 
 
 
 
 
 
 
Cash flow from investing activities
 
 
 
 
 
 
 
 
 
 
 
Capital expenditures
(1.1
)
 
—

 
—

 
(13.6
)
 
—

 
(14.7
)
Proceeds from maturities of investments
2.0

 
—

 
—

 
50.7

 
—

 
52.7

Payments for purchases of investments
—

 
—

 
—

 
(48.3
)
 
—

 
(48.3
)
Proceeds from sale of assets
—

 
—

 
—

 
4.2

 
—

 
4.2

Increase in certain other assets
(1.6
)
 
—

 
—

 
(3.8
)
 
—

 
(5.4
)
Capital contributions and loans paid
(16.5
)
 
—

 
—

 
—

 
16.5

 
—

Proceeds from intercompany loans
6.4

 
—

 
—

 
—

 
(6.4
)
 
—

Net cash provided (used) by investing activities
(10.8
)
 
—

 
—

 
(10.8
)
 
10.1

 
(11.5
)
 
 
 
 
 
 
 
 
 
 
 
 
Cash flow from financing activities
 
 
 
 
 
 
 
 
 
 
 
Revolving credit facility (repayments) borrowings, net
—

 
—

 
—

 
10.0

 
—

 
10.0

Other debt borrowings
—

 
—

 
—

 
5.0

 
—

 
5.0

Other debt repayments
(6.6
)
 
—

 
—

 
(10.2
)
 
—

 
(16.8
)
Distributions and payments to noncontrolling interest holders
—

 
—

 
—

 
(11.0
)
 
—

 
(11.0
)
Repurchase of common shares
(1.1
)
 
—

 
—

 
—

 
—

 
(1.1
)
Capital contributions received and loans incurred
—

 
16.1

 
—

 
0.4

 
(16.5
)
 
—

Payments on intercompany loans
—

 
(3.3
)
 
—

 
(3.1
)
 
6.4

 
—

Net cash provided (used) by financing activities
(7.7
)
 
12.8

 
—

 
(8.9
)
 
(10.1
)
 
(13.9
)
Effect of exchange rate changes on cash and cash equivalents
—

 
—

 
—

 
(0.5
)
 
—

 
(0.5
)
Increase (decrease) in cash, cash equivalents and restricted cash
(3.2
)
 
0.3

 
—

 
(80.1
)
 
—

 
(83.0
)
Add: Cash included in assets held for sale at beginning of period
—

 
—

 
—

 
7.3

 
—

 
7.3

Less: Cash included in assets held for sale at end of period
—

 
—

 
—

 
4.8

 
—

 
4.8

Cash, cash equivalents and restricted cash at the beginning of the period
17.3

 
2.7

 
—

 
438.4

 
—

 
458.4

Cash, cash equivalents and restricted cash at the end of the period
$
14.1

 
$
3.0

 
$
—

 
$
360.8

 
$
—

 
$
377.9


Condensed Consolidating Statement of Cash Flows
Three Months Ended March 31, 2018
 
Parent
 
Domestic
Guarantor
Subsidiaries
 
Foreign Guarantor Subsidiary
 
Non-
Guarantor
Subsidiaries
 
Consolidating
Entries and
Eliminations
 
Consolidated
Net cash used by operating activities
$
(31.8
)
 
$
(3.0
)
 
$
(0.2
)
 
$
(107.3
)
 
$
—

 
$
(142.3
)
 
 
 
 
 
 
 
 
 
 
 
 
Cash flow from investing activities
 
 
 
 
 
 
 
 
 
 
 
Capital expenditures
(2.3
)
 
(0.1
)
 
—

 
(17.8
)
 
—

 
(20.2
)
Payments for acquisitions
—

 
—

 
—

 
(5.8
)
 
—

 
(5.8
)
Proceeds from maturities of investments
1.0

 
—

 
—

 
103.6

 
—

 
104.6

Payments for purchases of investments
—

 
—

 
—

 
(45.5
)
 
—

 
(45.5
)
Proceeds from sale of assets
8.6

 
—

 
—

 
0.6

 
—

 
9.2

Increase in certain other assets
(2.5
)
 
0.8

 
—

 
(7.4
)
 
—

 
(9.1
)
Capital contributions and loans paid
(12.1
)
 
—

 
—

 
—

 
12.1

 
—

Proceeds from intercompany loans
9.3

 
—

 
—

 
—

 
(9.3
)
 
—

Net cash provided by investing activities
2.0

 
0.7

 
—

 
27.7

 
2.8

 
33.2

 
 
 
 
 
 
 
 
 
 
 
 
Cash flow from financing activities
 
 
 
 
 
 
 
 
 
 
 
Dividends paid
(7.7
)
 
—

 
—

 
—

 
—

 
(7.7
)
Revolving credit facility (repayments) borrowings, net
—

 
—

 
—

 
(75.0
)
 
—

 
(75.0
)
Other debt borrowings
—

 
—

 
—

 
26.0

 
—

 
26.0

Other debt repayments
(11.3
)
 
(0.1
)
 
—

 
(20.3
)
 
—

 
(31.7
)
Distributions and payments to noncontrolling interest holders
—

 
—

 
—

 
(0.5
)
 
—

 
(0.5
)
Repurchase of common shares
(2.5
)
 
—

 
—

 
—

 
—

 
(2.5
)
Capital contributions received and loans incurred
—

 
12.1

 
—

 
—

 
(12.1
)
 
—

Payments on intercompany loans
—

 
(9.3
)
 
—

 
—

 
9.3

 
—

Net cash provided (used) by financing activities
(21.5
)
 
2.7

 
—

 
(69.8
)
 
(2.8
)
 
(91.4
)
Effect of exchange rate changes on cash and cash equivalents
—

 
—

 
—

 
21.5

 
—

 
21.5

Increase (decrease) in cash, cash equivalents and restricted cash
(51.3
)
 
0.4

 
(0.2
)
 
(127.9
)
 
—

 
(179.0
)
Cash, cash equivalents and restricted cash at the beginning of the period
58.5

 
2.3

 
0.2

 
482.2

 
—

 
543.2

Cash, cash equivalents and restricted cash at the end of the period
$
7.2

 
$
2.7

 
$
—

 
$
354.3

 
$
—

 
$
364.2