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Guarantor and Non-Guarantor Financial Statements (Notes)
 12 Months Ended
Dec. 31, 2017
Guarantor and Non-Guarantor Financial Statement [Abstract]  
Guarantor and Non-Guarantor Financial Statements
Condensed Guarantor and Non-Guarantor Financial Information
During the quarter ended June 30, 2016, we issued $375.0 million aggregate principal amount of our 5.875% Senior Notes and redeemed in full the remaining principal balance of our 8.25% Senior Notes. The 5.875% Senior Notes were issued by Kaiser Aluminum Corporation ("Parent") pursuant to an indenture dated May 12, 2016 ("Indenture") with Wells Fargo Bank, National Association, as trustee ("Trustee"). The obligations of the Parent under the Indenture are guaranteed by Kaiser Aluminum Investments Company, Kaiser Aluminum Fabricated Products, LLC and Kaiser Aluminum Washington, LLC, ("Guarantor Subsidiaries"). An additional Guarantor Subsidiary, Kaiser Aluminum Alexco, LLC, merged with and into Kaiser Aluminum Fabricated Products, LLC during the first quarter of 2017. All Guarantor Subsidiaries are 100% owned by the Parent. The guarantees are full and unconditional and joint and several but have customary releases in the following situations: (i) the sale of the Guarantor Subsidiary or all of its assets; (ii) the declaration of a Guarantor Subsidiary as an unrestricted subsidiary under the Indenture; (iii) the termination or release of the Guarantor Subsidiary's guarantee of certain other indebtedness; or (iv) our exercise of legal defeasance or covenant defeasance or the discharge of our obligations under the Indenture.
The following condensed consolidating financial information as of December 31, 2017 and December 31, 2016, and for the years ended December 31, 2017, December 31, 2016 and December 31, 2015 present: (i) the financial position, results of operation and cash flows for each of (a) Parent, (b) the Guarantor Subsidiaries on a combined basis and (c) the Non-Guarantor Subsidiaries on a combined basis; (ii) the "Consolidating Adjustments," which represent the adjustments necessary to eliminate the investments in our subsidiaries, other intercompany balances and other intercompany sales and cost of sales among Parent, the Guarantor Subsidiaries and the Non-Guarantor Subsidiaries; and (iii) the resulting totals, reflecting information for us on a consolidated basis, as reported. The condensed consolidating financial information should be read in conjunction with the consolidated financial statements herein.
The "Non-Guarantor Subsidiaries" include Kaiser Aluminum Mill Products, Inc., Kaiser Aluminum Canada Limited, Trochus Insurance Company, DCO Management, LLC (which was dissolved in the fourth quarter of 2016 and ceased to exist as of January 1, 2017), Kaiser Aluminum France, S.A.S. and Kaiser Aluminum Beijing Trading Company. Kaiser Aluminum Mill Products, Inc. was included in the "Guarantor Subsidiaries" under the indenture covering the 8.25% Senior Notes but is not a Guarantor Subsidiary under the Indenture. Historical periods have not been restated to move Kaiser Aluminum Mill Products, Inc. from the Guarantor Subsidiaries category to the Non-Guarantor Subsidiaries category because the impact of this change to the financial position, results of operation and cash flows with respect to the Guarantor Subsidiaries on a combined basis and the Non-Guarantor Subsidiaries on a combined basis is immaterial.
CONDENSED CONSOLIDATING BALANCE SHEET
(In millions of dollars)
December 31, 2017
 
 
Parent
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Consolidating Adjustments
 
Consolidated
ASSETS
 
 
 
 
 
 
 
 
 
 
Current assets:
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
$
—

 
$
48.4

 
$
2.7

 
$
—

 
$
51.1

Short-term investments
 
—

 
183.7

 
—

 
—

 
183.7

Receivables:
 
 
 
 
 
 
 
 
 
 
Trade receivables, net
 
—

 
160.1

 
4.9

 
—

 
165.0

Intercompany receivables
 
22.8

 
0.1

 
0.7

 
(23.6
)
 
—

Other
 
—

 
14.7

 
0.8

 
—

 
15.5

Inventories
 
—

 
198.7

 
9.2

 
—

 
207.9

Prepaid expenses and other current assets
 
0.1

 
32.9

 
0.4

 
—

 
33.4

Total current assets
 
22.9

 
638.6

 
18.7

 
(23.6
)
 
656.6

Investments in and advances to subsidiaries
 
1,097.7

 
48.2

 
—

 
(1,145.9
)
 
—

Property, plant and equipment, net
 
—

 
541.2

 
30.2

 
—

 
571.4

Long-term intercompany receivables
 
—

 
—

 
12.4

 
(12.4
)
 
—

Deferred tax assets, net
 
—

 
67.3

 
—

 
4.7

 
72.0

Intangible assets, net
 
—

 
25.0

 
—

 
—

 
25.0

Goodwill
 
—

 
18.8

 
—

 
—

 
18.8

Other assets
 
—

 
41.4

 
—

 
—

 
41.4

Total
 
$
1,120.6

 
$
1,380.5

 
$
61.3

 
$
(1,177.2
)
 
$
1,385.2

LIABILITIES AND STOCKHOLDERS’ EQUITY
 
 
 
 
 
 
 
 
 
 
Current liabilities:
 
 
 
 
 
 
 
 
 
 
Accounts payable
 
$
1.9

 
$
81.4

 
$
6.7

 
$
—

 
$
90.0

Intercompany payable
 
—

 
23.5

 
0.1

 
(23.6
)
 
—

Accrued salaries, wages and related expenses
 
—

 
41.0

 
1.6

 
—

 
42.6

Other accrued liabilities
 
2.8

 
46.2

 
1.0

 
(9.5
)
 
40.5

Total current liabilities
 
4.7

 
192.1

 
9.4

 
(33.1
)
 
173.1

Net liabilities of Salaried VEBA
 
—

 
31.9

 
—

 
—

 
31.9

Deferred tax liabilities
 
—

 
—

 
4.3

 
—

 
4.3

Long-term intercompany payable
 
—

 
12.4

 
—

 
(12.4
)
 
—

Long-term liabilities
 
—

 
58.0

 
2.0

 
—

 
60.0

Long-term debt
 
369.6

 
—

 
—

 
—

 
369.6

Total liabilities
 
374.3

 
294.4

 
15.7

 
(45.5
)
 
638.9

 
 
 
 
 
 
 
 
 
 
 
Total stockholders’ equity
 
746.3

 
1,086.1

 
45.6

 
(1,131.7
)
 
746.3

Total
 
$
1,120.6

 
$
1,380.5

 
$
61.3

 
$
(1,177.2
)
 
$
1,385.2




CONDENSED CONSOLIDATING BALANCE SHEET
(In millions of dollars)
December 31, 2016
 
 
Parent
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Consolidating Adjustments
 
Consolidated
ASSETS
 
 
 
 
 
 
 
 
 
 
Current assets:
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
$
—

 
$
52.9

 
$
2.3

 
$
—

 
$
55.2

Short-term investments
 
—

 
231.0

 
—

 
—

 
231.0

Receivables:
 
 
 
 
 
 
 
 
 
 
Trade receivables, net
 
—

 
133.1

 
4.6

 
—

 
137.7

Intercompany receivables
 
85.8

 
0.1

 
0.6

 
(86.5
)
 
—

Other
 
—

 
11.4

 
0.5

 
—

 
11.9

Inventories
 
—

 
197.5

 
8.0

 
(3.9
)
 
201.6

Prepaid expenses and other current assets
 
0.1

 
18.0

 
0.9

 
(0.5
)
 
18.5

Total current assets
 
85.9

 
644.0

 
16.9

 
(90.9
)
 
655.9

Investments in and advances to subsidiaries
 
1,012.4

 
40.1

 
—

 
(1,052.5
)
 
—

Property, plant and equipment, net
 
—

 
499.5

 
31.4

 
—

 
530.9

Long-term intercompany receivables
 
80.2

 
—

 
4.9

 
(85.1
)
 
—

Deferred tax assets, net
 
—

 
154.9

 
—

 
4.8

 
159.7

Intangible assets, net
 
—

 
26.4

 
—

 
—

 
26.4

Goodwill
 
—

 
37.2

 
—

 
—

 
37.2

Other assets
 
—

 
33.4

 
—

 
—

 
33.4

Total
 
$
1,178.5

 
$
1,435.5

 
$
53.2

 
$
(1,223.7
)
 
$
1,443.5

LIABILITIES AND STOCKHOLDERS’ EQUITY
 
 
 
 
 
 
 
 
 
 
Current liabilities:
 
 
 
 
 
 
 
 
 
 
Accounts payable
 
$
2.2

 
$
68.9

 
$
4.7

 
$
—

 
$
75.8

Intercompany payable
 
—

 
86.4

 
0.1

 
(86.5
)
 
—

Accrued salaries, wages and related expenses
 
—

 
47.2

 
1.9

 
—

 
49.1

Other accrued liabilities
 
2.9

 
52.6

 
(0.7
)
 
(14.7
)
 
40.1

Total current liabilities
 
5.1

 
255.1

 
6.0

 
(101.2
)
 
165.0

Net liabilities of Salaried VEBA
 
—

 
28.6

 
—

 
—

 
28.6

Deferred tax liabilities
 
—

 
—

 
3.3

 
—

 
3.3

Long-term intercompany payable
 
—

 
85.1

 
—

 
(85.1
)
 
—

Long-term liabilities
 
—

 
70.5

 
2.7

 
—

 
73.2

Long-term debt
 
368.7

 
—

 
—

 
—

 
368.7

Total liabilities
 
373.8

 
439.3

 
12.0

 
(186.3
)
 
638.8

 
 
 
 
 
 
 
 
 
 
 
Total stockholders’ equity
 
804.7

 
996.2

 
41.2

 
(1,037.4
)
 
804.7

Total
 
$
1,178.5

 
$
1,435.5

 
$
53.2

 
$
(1,223.7
)
 
$
1,443.5


CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME
(In millions of dollars)
Year Ended December 31, 2017
 
 
Parent
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Consolidating Adjustments
 
Consolidated
Net sales
 
$
—

 
$
1,365.3

 
$
115.7

 
$
(83.5
)
 
$
1,397.5

Costs and expenses:
 
 
 
 
 
 
 
 
 
 
Cost of products sold:
 
 
 
 
 
 
 
 
 
 
Cost of products sold, excluding depreciation and amortization and other items
 
—

 
1,085.5

 
101.1

 
(81.3
)
 
1,105.3

Unrealized gain on derivative instruments
 
—

 
(19.4
)
 
—

 
—

 
(19.4
)
Depreciation and amortization
 
—

 
37.5

 
2.2

 
—

 
39.7

Selling, general, administrative, research and development:
 
 
 
 
 
 
 
 
 
 
Selling, general, administrative, research and development
 
4.5

 
88.3

 
6.9

 
(2.2
)
 
97.5

Net periodic postretirement benefit cost relating to Salaried VEBA
 
—

 
4.5

 
—

 
—

 
4.5

Total selling, general, administrative, research and development
 
4.5

 
92.8

 
6.9

 
(2.2
)
 
102.0

Goodwill impairment
 
—

 
18.4

 
—

 
—

 
18.4

Other operating charges, net
 
—

 
0.8

 
—

 
—

 
0.8

Total costs and expenses
 
4.5

 
1,215.6

 
110.2

 
(83.5
)
 
1,246.8

Operating (loss) income
 
(4.5
)
 
149.7

 
5.5

 
—

 
150.7

Other (expense) income:
 
 
 
 
 
 
 
 
 
 
Interest expense
 
(20.7
)
 
(1.7
)
 
—

 
0.2

 
(22.2
)
Other income, net
 
—

 
4.0

 
0.7

 
(0.2
)
 
4.5

(Loss) income before income taxes
 
(25.2
)
 
152.0

 
6.2

 
—

 
133.0

Income tax provision
 
—

 
(95.2
)
 
(1.9
)
 
9.5

 
(87.6
)
Earnings in equity of subsidiaries
 
70.6

 
4.3

 
—

 
(74.9
)
 
—

Net income
 
$
45.4

 
$
61.1

 
$
4.3

 
$
(65.4
)
 
$
45.4

 
 
 
 
 
 
 
 
 
 
 
Comprehensive income
 
$
45.4

 
$
61.1

 
$
4.3

 
$
(65.4
)
 
$
45.4





CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME
(In millions of dollars)
Year Ended December 31, 2016
 
 
Parent
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Consolidating Adjustments
 
Consolidated
Net sales
 
$
—

 
$
1,301.6

 
$
103.4

 
$
(74.4
)
 
$
1,330.6

Costs and expenses:
 
 
 
 
 
 
 
 
 
 
Cost of products sold:
 
 
 
 
 
 
 
 
 
 
Cost of products sold, excluding depreciation and amortization and other items
 
—

 
1,000.6

 
90.0

 
(71.1
)
 
1,019.5

Lower of cost or market inventory write-down
 
—

 
4.9

 
—

 
—

 
4.9

Unrealized gain on derivative instruments
 
—

 
(18.7
)
 
—

 
—

 
(18.7
)
Depreciation and amortization
 
—

 
34.0

 
2.0

 
—

 
36.0

Selling, general, administrative, research and development:
 
 
 
 
 
 
 
 
 
 
Selling, general, administrative, research and development
 
4.2

 
95.0

 
8.4

 
(2.6
)
 
105.0

Net periodic postretirement benefit cost relating to Salaried VEBA
 
—

 
3.4

 
—

 
—

 
3.4

Gain on removal of Union VEBA net assets
 
—

 
(0.1
)
 
—

 
—

 
(0.1
)
Total selling, general, administrative, research and development
 
4.2

 
98.3

 
8.4

 
(2.6
)
 
108.3

Other operating charges, net
 
—

 
2.8

 
—

 
—

 
2.8

Total costs and expenses
 
4.2

 
1,121.9

 
100.4

 
(73.7
)
 
1,152.8

Operating (loss) income
 
(4.2
)
 
179.7

 
3.0

 
(0.7
)
 
177.8

Other (expense) income:
 
 
 
 
 
 
 
 
 
 
Interest (expense) income
 
(21.6
)
 
1.2

 
—

 
0.1

 
(20.3
)
Other (expense) income, net
 
(11.1
)
 
0.9

 
—

 
(0.1
)
 
(10.3
)
(Loss) income before income taxes
 
(36.9
)
 
181.8

 
3.0

 
(0.7
)
 
147.2

Income tax provision
 
—

 
(69.0
)
 
(0.6
)
 
14.1

 
(55.5
)
Earnings in equity of subsidiaries
 
128.6

 
1.7

 
—

 
(130.3
)
 
—

Net income
 
$
91.7

 
$
114.5

 
$
2.4

 
$
(116.9
)
 
$
91.7

 
 
 
 
 
 
 
 
 
 
 
Comprehensive income
 
$
86.7

 
$
109.8

 
$
2.1

 
$
(111.9
)
 
$
86.7















CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE (LOSS) INCOME
(In millions of dollars)
Year Ended December 31, 2015
 
 
Parent
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Consolidating Adjustments
 
Consolidated
Net sales
 
$
—

 
$
1,361.6

 
$
123.3

 
$
(93.0
)
 
$
1,391.9

Costs and expenses:
 
 
 
 
 
 
 
 
 
 
Cost of products sold:
 
 
 
 
 
 
 
 
 
 
Cost of products sold, excluding depreciation and amortization and other items
 
—

 
1,095.6

 
108.4

 
(88.6
)
 
1,115.4

Lower of cost or market inventory write-down
 
—

 
2.6

 
—

 
—

 
2.6

Unrealized loss on derivative instruments
 
—

 
3.4

 
—

 
—

 
3.4

Depreciation and amortization
 
—

 
31.3

 
1.1

 
—

 
32.4

Selling, general, administrative, research and development:
 
 
 
 
 
 
 
 
 
 
Selling, general, administrative, research and development
 
4.3

 
76.5

 
9.3

 
(2.0
)
 
88.1

Net periodic postretirement benefit income relating to Salaried VEBA
 
—

 
2.4

 
—

 
—

 
2.4

Loss on removal of Union VEBA net assets
 
—

 
493.4

 
—

 
—

 
493.4

Total selling, general, administrative, research and development
 
4.3

 
572.3

 
9.3

 
(2.0
)
 
583.9

Other operating charges, net
 
—

 
0.1

 
—

 
—

 
0.1

Total costs and expenses
 
4.3

 
1,705.3

 
118.8

 
(90.6
)
 
1,737.8

Operating (loss) income
 
(4.3
)
 
(343.7
)
 
4.5

 
(2.4
)
 
(345.9
)
Other income (expense):
 
 
 
 
 
 
 
 
 
 
Interest expense
 
(23.5
)
 
(0.9
)
 
—

 
0.3

 
(24.1
)
Other (expense) income, net
 
(2.5
)
 
3.5

 
(2.5
)
 
(0.3
)
 
(1.8
)
(Loss) income before income taxes
 
(30.3
)
 
(341.1
)
 
2.0

 
(2.4
)
 
(371.8
)
Income tax benefit
 
—

 
122.5

 
1.3

 
11.4

 
135.2

(Loss) earnings in equity of subsidiaries
 
(206.3
)
 
0.9

 
—

 
205.4

 
—

Net (loss) income
 
$
(236.6
)
 
$
(217.7
)
 
$
3.3

 
$
214.4

 
$
(236.6
)
 
 
 
 
 
 
 
 
 
 
 
Comprehensive (loss) income
 
$
(172.2
)
 
$
(153.5
)
 
$
3.5

 
$
150.0

 
$
(172.2
)





CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
(In millions of dollars)
Year Ended December 31, 2017
 
 
Parent
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Consolidating Adjustments
 
Consolidated
Cash flows from operating activities:
 
 
 
 
 
 
 
 
 
 
Net cash (used in) provided by operating activities
 
$
(24.2
)
 
$
156.9

 
$
8.8

 
$
—

 
$
141.5

Cash flows from investing activities:
 
 
 
 
 
 
 
 
 
 
Capital expenditures
 
—

 
(74.7
)
 
(0.8
)
 
—

 
(75.5
)
Purchase of available for sale securities
 
—

 
(247.5
)
 
—

 
—

 
(247.5
)
Proceeds from disposition of available for sale securities
 
—

 
296.9

 
—

 
—

 
296.9

Proceeds from disposal of property, plant and equipment
 
—

 
0.6

 
—

 
—

 
0.6

Intercompany loans receivable
 
143.2

 
—

 
(7.6
)
 
(135.6
)
 
—

Net cash provided by (used in) investing activities
 
143.2

 
(24.7
)
 
(8.4
)
 
(135.6
)
 
(25.5
)
Cash flows from financing activities:
 
 
 
 
 
 
 
 
 
 
Repayment of capital lease
 
—

 
(0.4
)
 
—

 
—

 
(0.4
)
Cancellation of shares to cover employees' tax withholdings upon vesting of non-vested shares
 
(4.5
)
 
—

 
—

 
—

 
(4.5
)
Repurchase of common stock
 
(79.5
)
 
—

 
—

 
—

 
(79.5
)
Cash dividends and dividend equivalents paid
 
(35.0
)
 
—

 
—

 
—

 
(35.0
)
Intercompany loans payable
 
—

 
(135.6
)
 
—

 
135.6

 
—

Net cash used in financing activities
 
(119.0
)
 
(136.0
)
 
—

 
135.6

 
(119.4
)
Net (decrease) increase in cash and cash equivalents during the period
 
—

 
(3.8
)
 
0.4

 
—

 
(3.4
)
Cash, cash equivalents and restricted cash at beginning of period
 
—

 
65.1

 
2.6

 
—

 
67.7

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

 
$
61.3

 
$
3.0

 
$
—

 
$
64.3




CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
(In millions of dollars)
Year Ended December 31, 2016
 
 
Parent
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Consolidating Adjustments
 
Consolidated
Cash flows from operating activities:
 
 
 
 
 
 
 
 
 
 
Net cash provided by operating activities
 
$
177.7

 
$
178.7

 
$
9.2

 
$
(200.0
)
 
$
165.6

Cash flows from investing activities:
 
 
 
 
 
 
 
 
 
 
Capital expenditures
 
—

 
(74.0
)
 
(2.1
)
 
—

 
(76.1
)
Purchase of available for sale securities
 
—

 
(255.3
)
 
—

 
—

 
(255.3
)
Proceeds from disposition of available for sale securities
 
—

 
55.0

 
—

 
—

 
55.0

Intercompany loans receivable1
 
(166.0
)
 
110.4

 
(1.3
)
 
56.9

 
—

Net cash used in investing activities
 
(166.0
)
 
(163.9
)
 
(3.4
)
 
56.9

 
(276.4
)
Cash flows from financing activities:
 
 
 
 
 
 
 
 
 
 
Repayment of principal and redemption premium of 8.25% Senior Notes
 
(206.0
)
 
—

 
—

 
—

 
(206.0
)
Issuance of 5.875% Senior Notes
 
375.0

 
—

 
—

 
—

 
375.0

Cash paid for debt issuance costs
 
(6.8
)
 
—

 
—

 
—

 
(6.8
)
Proceeds from stock option exercises
 
1.2

 
—

 
—

 
—

 
1.2

Cancellation of shares to cover employees' tax withholdings upon vesting of non-vested shares
 
(2.9
)
 
—

 
—

 
—

 
(2.9
)
Repurchase of common stock
 
(33.3
)
 
—

 
—

 
—

 
(33.3
)
Cash dividends and dividend equivalents paid
 
(32.4
)
 
—

 
—

 
—

 
(32.4
)
Cash dividends paid to Parent
 
—

 
(200.0
)
 
—

 
200.0

 
—

Intercompany loans payable1
 
(106.5
)
 
167.3

 
(3.9
)
 
(56.9
)
 
—

Net cash (used in) provided by financing activities
 
(11.7
)
 
(32.7
)
 
(3.9
)
 
143.1

 
94.8

Net (decrease) increase in cash and cash equivalents during the period
 
—

 
(17.9
)
 
1.9

 
—

 
(16.0
)
Cash, cash equivalents and restricted cash at beginning of period
 
—

 
83.0

 
0.7

 
—

 
83.7

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

 
$
65.1

 
$
2.6

 
$
—

 
$
67.7

________________
1 
As a result of the Parent's additional liquidity associated with the 5.875% Senior Notes (see Note 8), we classify all intercompany receivables and payables as Intercompany loans receivable and Intercompany loans payable, respectively, and therefore categorize changes in these balances within the investing and financing sections, respectively, of the Condensed Consolidating Statement of Cash Flows.

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
(In millions of dollars)
Year Ended December 31, 2015
 
 
Parent
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Consolidating Adjustments
 
Consolidated
Cash flows from operating activities:
 
 
 
 
 
 
 
 
 
 
Net cash provided by (used in) operating activities
 
$
285.7

 
$
(126.3
)
 
$
0.3

 
$
—

 
$
159.7

Cash flows from investing activities:
 
 
 
 
 
 
 
 
 
 
Capital expenditures
 
—

 
(47.9
)
 
(15.2
)
 
—

 
(63.1
)
Purchase of available for sale securities
 
—

 
(0.5
)
 
—

 
—

 
(0.5
)
Proceeds from disposition of available for sale securities
 
—

 
84.0

 
—

 
—

 
84.0

Net cash provided by (used in) investing activities
 
—

 
35.6

 
(15.2
)
 
—

 
20.4

Cash flows from financing activities:
 
 
 
 
 
 
 
 
 
 
Repayment of principal and redemption premium of 8.25% Senior Notes
 
(30.0
)
 
—

 
—

 
—

 
(30.0
)
Repayment of Convertible Notes
 
(175.0
)
 
—

 
—

 
—

 
(175.0
)
Proceeds from cash-settled call options related to settlement of Convertible Notes
 
94.9

 
—

 
—

 
—

 
94.9

Payment for conversion premium related to settlement of Convertible Notes
 
(94.9
)
 
—

 
—

 
—

 
(94.9
)
Cash paid for debt issuance costs
 
(0.6
)
 
—

 
—

 
—

 
(0.6
)
Excess tax benefit upon vesting of non-vested shares and dividend payment on unvested shares expected to vest
 
—

 
1.3

 
—

 
—

 
1.3

Cancellation of shares to cover employees' tax withholdings upon vesting of non-vested shares
 
(2.8
)
 
—

 
—

 
—

 
(2.8
)
Repurchase of common stock
 
(49.2
)
 
—

 
—

 
—

 
(49.2
)
Cash dividends and dividend equivalents paid
 
(28.1
)
 
—

 
—

 
—

 
(28.1
)
Intercompany loans payable
 
—

 
(12.8
)
 
12.8

 
—

 
—

Net cash (used in) provided by financing activities
 
(285.7
)
 
(11.5
)
 
12.8

 
—

 
(284.4
)
Net decrease in cash and cash equivalents during the period
 
—

 
(102.2
)
 
(2.1
)
 
—

 
(104.3
)
Cash, cash equivalents and restricted cash at beginning of period
 
—

 
185.2

 
2.8

 
—

 
188.0

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

 
$
83.0

 
$
0.7

 
$
—

 
$
83.7