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Condensed consolidating financial information (Tables)
6 Months Ended
Jul. 29, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Condensed Income Statement
Condensed Consolidated Income Statement
For the 13 weeks ended July 29, 2017
(Unaudited)

(in millions)
Signet
Jewelers
Limited
 
Signet UK
Finance plc
 
Guarantor
Subsidiaries
 
Non-
Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Sales
$

 
$

 
$
1,322.3

 
$
77.3

 
$

 
$
1,399.6

Cost of sales

 

 
(927.8
)
 
(13.9
)
 

 
(941.7
)
Gross margin

 

 
394.5

 
63.4

 

 
457.9

Selling, general and administrative expenses
(0.2
)
 

 
(377.0
)
 
(31.8
)
 

 
(409.0
)
Credit transaction, net

 

 
14.8

 

 

 
14.8

Other operating income, net

 

 
71.7

 
0.2

 

 
71.9

Operating (loss) income
(0.2
)
 

 
104.0

 
31.8

 

 
135.6

Intra-entity interest income (expense)

 
4.7

 
(46.4
)
 
41.7

 

 

Interest expense, net

 
(5.0
)
 
(4.7
)
 
(3.8
)
 

 
(13.5
)
(Loss) income before income taxes
(0.2
)
 
(0.3
)
 
52.9

 
69.7

 

 
122.1

Income taxes

 
0.1

 
(21.3
)
 
(7.5
)
 

 
(28.7
)
Equity in income of subsidiaries
93.6

 

 
21.6

 
34.2

 
(149.4
)
 

Net income (loss)
$
93.4

 
$
(0.2
)
 
$
53.2

 
$
96.4

 
$
(149.4
)
 
$
93.4

Dividends on redeemable convertible preferred shares
(8.2
)
 

 

 

 

 
(8.2
)
Net income (loss) attributable to common shareholders
$
85.2

 
$
(0.2
)
 
$
53.2

 
$
96.4

 
$
(149.4
)
 
$
85.2




Condensed Consolidated Income Statement
For the 13 weeks ended July 30, 2016
(Unaudited)

(in millions)
Signet
Jewelers
Limited
 
Signet UK
Finance plc
 
Guarantor
Subsidiaries
 
Non-
Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Sales
$

 
$

 
$
1,314.9

 
$
58.5

 
$

 
$
1,373.4

Cost of sales

 

 
(897.2
)
 
(11.3
)
 

 
(908.5
)
Gross margin

 

 
417.7

 
47.2

 

 
464.9

Selling, general and administrative expenses
(0.5
)
 

 
(390.3
)
 
(24.9
)
 

 
(415.7
)
Other operating income (loss), net

 

 
80.4

 
(9.7
)
 

 
70.7

Operating (loss) income
(0.5
)
 

 
107.8

 
12.6

 

 
119.9

Intra-entity interest income (expense)

 
4.7

 
(47.5
)
 
42.8

 

 

Interest expense, net

 
(4.9
)
 
(3.9
)
 
(3.1
)
 

 
(11.9
)
(Loss) income before income taxes
(0.5
)
 
(0.2
)
 
56.4

 
52.3

 

 
108.0

Income taxes

 
0.1

 
(22.4
)
 
(3.8
)
 

 
(26.1
)
Equity in income of subsidiaries
82.4

 

 
15.5

 
32.4

 
(130.3
)
 

Net income (loss)
$
81.9

 
$
(0.1
)
 
$
49.5

 
$
80.9

 
$
(130.3
)
 
$
81.9

Dividends on redeemable convertible preferred shares

 

 

 

 

 

Net income (loss) attributable to common shareholders
$
81.9

 
$
(0.1
)
 
$
49.5

 
$
80.9

 
$
(130.3
)
 
$
81.9



Condensed Consolidated Income Statement
For the 26 weeks ended July 29, 2017
(Unaudited)

(in millions)
Signet
Jewelers
Limited
 
Signet UK
Finance plc
 
Guarantor
Subsidiaries
 
Non-
Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Sales
$

 
$

 
$
2,647.5

 
$
155.5

 
$

 
$
2,803.0

Cost of sales

 

 
(1,823.2
)
 
(30.7
)
 

 
(1,853.9
)
Gross margin

 

 
824.3

 
124.8

 

 
949.1

Selling, general and administrative expenses
(0.4
)
 

 
(798.5
)
 
(62.9
)
 

 
(861.8
)
Credit transaction, net

 

 
14.8

 

 

 
14.8

Other operating income (loss), net

 

 
148.9

 
(0.1
)
 

 
148.8

Operating (loss) income
(0.4
)
 

 
189.5

 
61.8

 

 
250.9

Intra-entity interest income (expense)

 
9.4

 
(91.8
)
 
82.4

 

 

Interest expense, net

 
(9.9
)
 
(8.8
)
 
(7.4
)
 

 
(26.1
)
(Loss) income before income taxes
(0.4
)
 
(0.5
)
 
88.9

 
136.8

 

 
224.8

Income taxes

 
0.1

 
(36.7
)
 
(16.3
)
 

 
(52.9
)
Equity in income of subsidiaries
172.3

 

 
30.3

 
56.5

 
(259.1
)
 

Net income (loss)
$
171.9

 
$
(0.4
)
 
$
82.5

 
$
177.0

 
$
(259.1
)
 
$
171.9

Dividends on redeemable convertible preferred shares
(16.4
)
 

 

 

 

 
(16.4
)
Net income (loss) attributable to common shareholders
$
155.5

 
$
(0.4
)
 
$
82.5

 
$
177.0

 
$
(259.1
)
 
$
155.5




Condensed Consolidated Income Statement
For the 26 weeks ended July 30, 2016
(Unaudited)

(in millions)
Signet
Jewelers
Limited
 
Signet UK
Finance plc
 
Guarantor
Subsidiaries
 
Non-
Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Sales
$

 
$

 
$
2,833.2

 
$
119.1

 
$

 
$
2,952.3

Cost of sales

 

 
(1,866.3
)
 
(20.7
)
 

 
(1,887.0
)
Gross margin

 

 
966.9

 
98.4

 

 
1,065.3

Selling, general and administrative expenses
(0.6
)
 

 
(828.9
)
 
(48.9
)
 

 
(878.4
)
Other operating income (loss), net

 

 
152.0

 
(7.0
)
 

 
145.0

Operating (loss) income
(0.6
)
 

 
290.0

 
42.5

 

 
331.9

Intra-entity interest income (expense)

 
9.4

 
(94.4
)
 
85.0

 

 

Interest expense, net

 
(9.8
)
 
(7.6
)
 
(6.3
)
 

 
(23.7
)
(Loss) income before income taxes
(0.6
)
 
(0.4
)
 
188.0

 
121.2

 

 
308.2

Income taxes

 
0.1

 
(76.6
)
 
(3.0
)
 

 
(79.5
)
Equity in income of subsidiaries
229.3

 

 
100.7

 
116.7

 
(446.7
)
 

Net income (loss)
$
228.7

 
$
(0.3
)
 
$
212.1

 
$
234.9

 
$
(446.7
)
 
$
228.7

Dividends on redeemable convertible preferred shares

 

 

 

 

 

Net income (loss) attributable to common shareholders
$
228.7

 
$
(0.3
)
 
$
212.1

 
$
234.9

 
$
(446.7
)
 
$
228.7






Condensed Statement of Comprehensive Income
Condensed Consolidated Statement of Comprehensive Income (Loss)
For the 13 weeks ended July 29, 2017
(Unaudited)

(in millions)
Signet
Jewelers
Limited
 
Signet UK
Finance plc
 
Guarantor
Subsidiaries
 
Non-
Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Net income (loss)
$
93.4

 
$
(0.2
)
 
$
53.2

 
$
96.4

 
$
(149.4
)
 
$
93.4

Other comprehensive income (loss):
 
 
 
 
 
 
 
 
 
 
 
Foreign currency translation adjustments
24.6

 

 
24.6

 

 
(24.6
)
 
24.6

Available-for-sale securities:
 
 
 
 
 
 
 
 
 
 
 
Unrealized gain
0.3

 

 

 
0.3

 
(0.3
)
 
0.3

Cash flow hedges:
 
 
 
 
 
 
 
 
 
 
 
Unrealized loss
(0.9
)
 

 
(0.9
)
 

 
0.9

 
(0.9
)
Reclassification adjustment for gains to net income
(1.1
)
 

 
(1.1
)
 

 
1.1

 
(1.1
)
Pension plan:
 
 
 
 
 
 
 
 
 
 
 
Reclassification adjustment to net income for amortization of actuarial losses
0.6

 

 
0.6

 

 
(0.6
)
 
0.6

Reclassification adjustment to net income for amortization of net prior service credits
(0.4
)
 

 
(0.4
)
 

 
0.4

 
(0.4
)
Total other comprehensive income
23.1

 

 
22.8

 
0.3

 
(23.1
)
 
23.1

Total comprehensive income (loss)
$
116.5

 
$
(0.2
)
 
$
76.0

 
$
96.7

 
$
(172.5
)
 
$
116.5



Condensed Consolidated Statement of Comprehensive Income (Loss)
For the 13 weeks ended July 30, 2016
(Unaudited)

(in millions)
Signet
Jewelers
Limited
 
Signet UK
Finance plc
 
Guarantor
Subsidiaries
 
Non-
Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Net income (loss)
$
81.9

 
$
(0.1
)
 
$
49.5

 
$
80.9

 
$
(130.3
)
 
$
81.9

Other comprehensive income (loss):
 
 
 
 
 
 
 
 
 
 
 
Foreign currency translation adjustments
(39.9
)
 

 
(44.9
)
 
5.0

 
39.9

 
(39.9
)
Available-for-sale securities:
 
 
 
 
 
 
 
 
 
 
 
Unrealized gain
0.2

 

 

 
0.2

 
(0.2
)
 
0.2

Cash flow hedges:
 
 
 
 
 
 
 
 
 
 
 
Unrealized gain
2.7

 

 
2.7

 

 
(2.7
)
 
2.7

Reclassification adjustment for losses to net income
0.6

 

 
0.6

 

 
(0.6
)
 
0.6

Pension plan:
 
 
 
 
 
 
 
 
 
 
 
Reclassification adjustment to net income for amortization of actuarial losses
0.3

 

 
0.3

 

 
(0.3
)
 
0.3

Reclassification adjustment to net income for amortization of net prior service credits
(0.4
)
 

 
(0.4
)
 

 
0.4

 
(0.4
)
Total other comprehensive (loss) income
(36.5
)
 

 
(41.7
)
 
5.2

 
36.5

 
(36.5
)
Total comprehensive income (loss)
$
45.4

 
$
(0.1
)
 
$
7.8

 
$
86.1

 
$
(93.8
)
 
$
45.4



Condensed Balance Sheet
Condensed Consolidated Balance Sheet
July 29, 2017
(Unaudited)
(in millions)
Signet
Jewelers
Limited
 
Signet UK
Finance plc
 
Guarantor
Subsidiaries
 
Non-
Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Assets
 
 
 
 
 
 
 
 
 
 
 
Current assets:
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
0.7

 
$
0.1

 
$
90.2

 
$
28.1

 
$

 
$
119.1

Accounts receivable, held for sale

 

 
1,055.6

 

 

 
1,055.6

Accounts receivable, net

 

 
664.5

 

 

 
664.5

Intra-entity receivables, net
113.1

 
3.1

 

 
162.4

 
(278.6
)
 

Other receivables

 

 
63.3

 
27.9

 

 
91.2

Other current assets

 

 
123.5

 
5.0

 

 
128.5

Income taxes

 

 
1.8

 

 

 
1.8

Inventories

 

 
2,214.7

 
67.4

 

 
2,282.1

Total current assets
113.8

 
3.2

 
4,213.6

 
290.8

 
(278.6
)
 
4,342.8

Non-current assets:
 
 
 
 
 
 
 
 
 
 
 
Property, plant and equipment, net

 

 
832.6

 
4.0

 

 
836.6

Goodwill

 

 
516.3

 
3.6

 

 
519.9

Intangible assets, net

 

 
413.9

 

 

 
413.9

Investment in subsidiaries
2,703.1

 

 
532.8

 
390.8

 
(3,626.7
)
 

Intra-entity receivables, net

 
400.0

 

 
3,440.0

 
(3,840.0
)
 

Other assets

 

 
133.6

 
31.5

 

 
165.1

Deferred tax assets

 

 

 

 

 

Retirement benefit asset

 

 
35.5

 

 

 
35.5

Total assets
$
2,816.9

 
$
403.2

 
$
6,678.3

 
$
4,160.7

 
$
(7,745.3
)
 
$
6,313.8

Liabilities and Shareholders’ equity
 
 
 
 
 
 
 
 
 
 
 
Current liabilities:
 
 
 
 
 
 
 
 
 
 
 
Loans and overdrafts
$

 
$
(0.7
)
 
$
340.1

 
$
600.0

 
$

 
$
939.4

Accounts payable

 

 
142.7

 
5.5

 

 
148.2

Intra-entity payables, net

 

 
278.6

 

 
(278.6
)
 

Accrued expenses and other current liabilities
27.6

 
2.4

 
375.9

 
20.7

 

 
426.6

Deferred revenue

 

 
262.3

 

 

 
262.3

Income taxes

 
(0.1
)
 
30.1

 
3.5

 

 
33.5

Total current liabilities
27.6

 
1.6

 
1,429.7

 
629.7

 
(278.6
)
 
1,810.0

Non-current liabilities:
 
 
 
 
 
 
 
 
 
 
 
Long-term debt

 
394.8

 
310.5

 

 

 
705.3

Intra-entity payables, net

 

 
3,840.0

 

 
(3,840.0
)
 

Other liabilities

 

 
241.4

 
5.7

 

 
247.1

Deferred revenue

 

 
658.8

 

 

 
658.8

Deferred tax liabilities

 

 
103.3

 

 

 
103.3

Total liabilities
27.6

 
396.4

 
6,583.7

 
635.4

 
(4,118.6
)
 
3,524.5

Series A redeemable convertible preferred shares
612.7

 

 

 

 

 
612.7

Total shareholders’ equity
2,176.6

 
6.8

 
94.6

 
3,525.3

 
(3,626.7
)
 
2,176.6

Total liabilities, preferred shares and shareholders’ equity
$
2,816.9

 
$
403.2

 
$
6,678.3

 
$
4,160.7

 
$
(7,745.3
)
 
$
6,313.8

Condensed Consolidated Balance Sheet
January 28, 2017

(in millions)
Signet
Jewelers
Limited
 
Signet UK
Finance plc
 
Guarantor
Subsidiaries
 
Non-
Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Assets
 
 
 
 
 
 
 
 
 
 
 
Current assets:
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
1.7

 
$
0.1

 
$
70.3

 
$
26.6

 
$

 
$
98.7

Accounts receivable, net

 

 
1,858.0

 

 

 
1,858.0

Intra-entity receivables, net
12.7

 

 
145.1

 

 
(157.8
)
 

Other receivables

 

 
71.1

 
24.8

 

 
95.9

Other current assets

 

 
131.4

 
4.9

 

 
136.3

Income taxes

 

 
4.4

 

 

 
4.4

Inventories

 

 
2,371.8

 
77.5

 

 
2,449.3

Total current assets
14.4

 
0.1

 
4,652.1

 
133.8

 
(157.8
)
 
4,642.6

Non-current assets:
 
 
 
 
 
 
 
 
 
 
 
Property, plant and equipment, net

 

 
818.5

 
4.4

 

 
822.9

Goodwill

 

 
514.0

 
3.6

 

 
517.6

Intangible assets, net

 

 
417.0

 

 

 
417.0

Investment in subsidiaries
3,117.6

 

 
721.6

 
590.9

 
(4,430.1
)
 

Intra-entity receivables, net

 
402.9

 

 
3,647.1

 
(4,050.0
)
 

Other assets

 

 
134.8

 
30.3

 

 
165.1

Deferred tax assets

 

 
0.6

 
0.1

 

 
0.7

Retirement benefit asset

 

 
31.9

 

 

 
31.9

Total assets
$
3,132.0

 
$
403.0

 
$
7,290.5

 
$
4,410.2

 
$
(8,637.9
)
 
$
6,597.8

Liabilities and Shareholders’ equity
 
 
 
 
 
 
 
 
 
 
 
Current liabilities:
 
 
 
 
 
 
 
 
 
 
 
Loans and overdrafts
$

 
$
(0.7
)
 
$
91.8

 
$

 
$

 
$
91.1

Accounts payable

 

 
248.2

 
7.5

 

 
255.7

Intra-entity payables, net

 

 

 
157.8

 
(157.8
)
 

Accrued expenses and other current liabilities
29.9

 
2.5

 
429.2

 
16.6

 

 
478.2

Deferred revenue

 

 
275.5

 
1.4

 

 
276.9

Income taxes

 
(0.2
)
 
115.5

 
(13.5
)
 

 
101.8

Total current liabilities
29.9

 
1.6

 
1,160.2

 
169.8

 
(157.8
)
 
1,203.7

Non-current liabilities:
 
 
 
 
 
 
 
 
 
 
 
Long-term debt

 
394.3

 
323.6

 
600.0

 

 
1,317.9

Intra-entity payables, net

 

 
4,050.0

 

 
(4,050.0
)
 

Other liabilities

 

 
208.7

 
5.0

 

 
213.7

Deferred revenue

 

 
659.0

 

 

 
659.0

Deferred tax liabilities

 

 
101.4

 

 

 
101.4

Total liabilities
29.9

 
395.9

 
6,502.9

 
774.8

 
(4,207.8
)
 
3,495.7

Series A redeemable convertible preferred shares
611.9

 

 

 

 

 
611.9

Total shareholders’ equity
2,490.2

 
7.1

 
787.6

 
3,635.4

 
(4,430.1
)
 
2,490.2

Total liabilities, preferred shares and shareholders’ equity
$
3,132.0

 
$
403.0

 
$
7,290.5

 
$
4,410.2

 
$
(8,637.9
)
 
$
6,597.8



Condensed Consolidated Balance Sheet
July 30, 2016
(Unaudited)
(in millions)
Signet
Jewelers
Limited
 
Signet UK
Finance plc
 
Guarantor
Subsidiaries
 
Non-
Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Assets
 
 
 
 
 
 
 
Current assets:
 
 
 
 
 
 
 
Cash and cash equivalents
$
0.2

 
$
0.1

 
$
83.8

 
$
34.6

 
$

 
$
118.7

Accounts receivable, net

 

 
1,648.5

 
2.1

 

 
1,650.6

Intra-entity receivables, net
74.0

 

 

 
221.0

 
(295.0
)
 

Other receivables

 

 
46.3

 
20.6

 

 
66.9

Other current assets
0.1

 

 
146.7

 
5.2

 

 
152.0

Income taxes

 

 
1.4

 

 

 
1.4

Inventories

 

 
2,342.5

 
75.8

 

 
2,418.3

Total current assets
74.3

 
0.1

 
4,269.2

 
359.3

 
(295.0
)
 
4,407.9

Non-current assets:
 
 
 
 
 
 
 
 
 
 
 
Property, plant and equipment, net

 

 
734.6

 
4.9

 

 
739.5

Goodwill

 

 
514.5

 
3.6

 

 
518.1

Intangible assets, net

 

 
424.7

 

 

 
424.7

Investment in subsidiaries
2,835.5

 

 
675.2

 
525.6

 
(4,036.3
)
 

Intra-entity receivables, net

 
402.8

 

 
3,657.2

 
(4,060.0
)
 

Other assets

 

 
127.4

 
30.6

 

 
158.0

Deferred tax assets

 

 

 

 

 

Retirement benefit asset

 

 
49.8

 

 

 
49.8

Total assets
$
2,909.8

 
$
402.9

 
$
6,795.4

 
$
4,581.2

 
$
(8,391.3
)
 
$
6,298.0

Liabilities and Shareholders’ equity
 
 
 
 
 
 
 
Current liabilities:
 
 
 
 
 
 
 
 
 
 
 
Loans and overdrafts
$

 
$
(0.7
)
 
$
239.3

 
$

 
$

 
$
238.6

Accounts payable

 

 
192.5

 
2.6

 

 
195.1

Intra-entity payables, net

 

 
295.0

 

 
(295.0
)
 

Accrued expenses and other current liabilities
29.9

 
2.4

 
371.5

 
13.8

 

 
417.6

Deferred revenue

 

 
254.5

 

 

 
254.5

Income taxes

 
(0.1
)
 
38.4

 

 

 
38.3

Total current liabilities
29.9

 
1.6

 
1,391.2

 
16.4

 
(295.0
)
 
1,144.1

Non-current liabilities:
 
 
 
 
 
 
 
 
 
 
 
Long-term debt

 
393.9

 
336.6

 
600.0

 

 
1,330.5

Intra-entity payables, net

 

 
4,060.0

 

 
(4,060.0
)
 

Other liabilities

 

 
217.3

 
6.5

 

 
223.8

Deferred revenue

 

 
639.9

 

 

 
639.9

Deferred tax liabilities

 

 
80.0

 
(0.2
)
 

 
79.8

Total liabilities
29.9

 
395.5

 
6,725.0

 
622.7

 
(4,355.0
)
 
3,418.1

Series A redeemable convertible preferred shares

 

 

 

 

 

Total shareholders’ equity
2,879.9

 
7.4

 
70.4

 
3,958.5

 
(4,036.3
)
 
2,879.9

Total liabilities, preferred shares and shareholders’ equity
$
2,909.8

 
$
402.9

 
$
6,795.4

 
$
4,581.2

 
$
(8,391.3
)
 
$
6,298.0

Condensed Cash Flow Statement



Condensed Consolidated Statement of Cash Flows
For the 26 weeks ended July 29, 2017
(Unaudited)

(in millions)
Signet
Jewelers
Limited
 
Signet UK
Finance plc
 
Guarantor
Subsidiaries
 
Non-
Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Net cash provided by operating activities
$
617.7

 
$
0.1

 
$
479.3

 
$
430.7

 
$
(1,118.0
)
 
$
409.8

Investing activities
 
 
 
 
 
 
 
 
 
 
 
Purchase of property, plant and equipment

 

 
(105.6
)
 
(0.1
)
 

 
(105.7
)
Purchase of available-for-sale securities

 

 

 
(1.3
)
 

 
(1.3
)
Proceeds from available-for-sale securities

 

 

 
0.6

 

 
0.6

Net cash used in investing activities

 

 
(105.6
)
 
(0.8
)
 

 
(106.4
)
Financing activities
 
 
 
 
 
 
 
 
 
 
 
Dividends paid on common shares
(39.0
)
 

 

 

 

 
(39.0
)
Dividends paid on redeemable convertible preferred shares
(19.1
)
 

 

 

 

 
(19.1
)
Intra-entity dividends paid

 

 
(800.0
)
 
(318.0
)
 
1,118.0

 

Proceeds from issuance of common shares
0.2

 

 

 

 

 
0.2

Repayments of term loan

 

 
(9.0
)
 

 

 
(9.0
)
Proceeds from securitization facility

 

 

 
1,242.9

 

 
1,242.9

Repayments of securitization facility

 

 

 
(1,242.9
)
 

 
(1,242.9
)
Proceeds from revolving credit facility

 

 
550.0

 

 

 
550.0

Repayments of revolving credit facility

 

 
(303.0
)
 

 

 
(303.0
)
Repurchase of common shares
(460.0
)
 

 

 

 

 
(460.0
)
Net settlement of equity based awards
(3.2
)
 

 

 

 

 
(3.2
)
Proceeds from short-term borrowings

 

 
(3.1
)
 

 

 
(3.1
)
Intra-entity activity, net
(97.6
)
 
(0.1
)
 
208.1

 
(110.4
)
 

 

Net cash used in financing activities
(618.7
)
 
(0.1
)
 
(357.0
)
 
(428.4
)
 
1,118.0

 
(286.2
)
Cash and cash equivalents at beginning of period
1.7

 
0.1

 
70.3

 
26.6

 

 
98.7

(Decrease) increase in cash and cash equivalents
(1.0
)
 

 
16.7

 
1.5

 

 
17.2

Effect of exchange rate changes on cash and cash equivalents

 

 
3.2

 

 

 
3.2

Cash and cash equivalents at end of period
$
0.7

 
$
0.1

 
$
90.2

 
$
28.1

 
$

 
$
119.1


Condensed Consolidated Statement of Cash Flows
For the 26 weeks ended July 30, 2016
(Unaudited)

(in millions)
Signet
Jewelers
Limited
 
Signet UK
Finance plc
 
Guarantor
Subsidiaries
 
Non-
Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Net cash provided by operating activities
$
549.7

 
$
0.2

 
$
383.3

 
$
317.0

 
$
(941.0
)
 
$
309.2

Investing activities
 
 
 
 
 
 
 
 
 
 
 
Purchase of property, plant and equipment

 

 
(101.0
)
 

 

 
(101.0
)
Investment in subsidiaries
(91.0
)
 

 

 

 
91.0

 

Purchase of available-for-sale securities

 

 

 
(2.6
)
 

 
(2.6
)
Proceeds from available-for-sale securities

 

 

 
3.1

 

 
3.1

Net cash (used in) provided by investing activities
(91.0
)
 

 
(101.0
)
 
0.5

 
91.0

 
(100.5
)
Financing activities
 
 
 
 
 
 
 
 
 
 
 
Dividends paid on common shares
(37.9
)
 

 

 

 

 
(37.9
)
Dividends paid on redeemable convertible preferred shares

 

 

 

 

 

Intra-entity dividends paid

 

 
(650.0
)
 
(291.0
)
 
941.0

 

Proceeds from issuance of common shares
0.4

 

 
91.0

 

 
(91.0
)
 
0.4

Excess tax benefit from exercise of share awards

 

 
1.3

 

 

 
1.3

Repayments of term loan

 

 
(7.5
)
 

 

 
(7.5
)
Proceeds from securitization facility

 

 

 
1,278.9

 

 
1,278.9

Repayments of securitization facility

 

 

 
(1,278.9
)
 

 
(1,278.9
)
Proceeds from revolving credit facility

 

 
318.0

 

 

 
318.0

Repayments of revolving credit facility

 

 
(118.0
)
 

 

 
(118.0
)
Payment of debt issuance costs

 

 
(2.1
)
 
(0.6
)
 

 
(2.7
)
Repurchase of common shares
(375.0
)
 

 

 

 

 
(375.0
)
Net settlement of equity based awards
(4.8
)
 

 

 

 

 
(4.8
)
Capital lease payments

 

 
(0.1
)
 

 

 
(0.1
)
Proceeds from short-term borrowings

 

 
(2.3
)
 

 

 
(2.3
)
Intra-entity activity, net
(43.1
)
 
(0.2
)
 
68.0

 
(24.7
)
 

 

Net cash used in financing activities
(460.4
)
 
(0.2
)
 
(301.7
)
 
(316.3
)
 
850.0

 
(228.6
)
Cash and cash equivalents at beginning of period
1.9

 
0.1

 
102.0

 
33.7

 

 
137.7

(Decrease) increase in cash and cash equivalents
(1.7
)
 

 
(19.4
)
 
1.2

 

 
(19.9
)
Effect of exchange rate changes on cash and cash equivalents

 

 
1.2

 
(0.3
)
 

 
0.9

Cash and cash equivalents at end of period
$
0.2

 
$
0.1

 
$
83.8

 
$
34.6

 
$

 
$
118.7