Guarantor Subsidiaries (Tables)

12 Months Ended

Dec. 31, 2011

Jan. 01, 2011

Jan. 02, 2010

Guarantor Subsidiaries [Abstract]

Condensed Consolidating Statement of Operations

	Cott Corporation			Cott Beverages Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Elimination Entries			Consolidated
Revenue, net	$	207.0		$	932.3		$	1,065.7		$	167.3		$	(37.7	)	$	2,334.6
Cost of sales		167.8			825.5			951.7			150.7			(37.7	)		2,058.0
Gross profit		39.2			106.8			114.0			16.6			—			276.6
Selling, general and administrative expenses		30.1			59.0			71.8			11.8			—			172.7
Loss on disposal of property, plant & equipment		—			0.4			0.8			—			—			1.2
Restructuring and asset impairments
Restructuring		—			—			—			—			—			—
Asset impairments		—			—			—			0.6			—			0.6
Intangible asset impairments		—			1.4			—			—			—			1.4
Operating income		9.1			46.0			41.4			4.2			—			100.7
Contingent consideration earn-out adjustment		—			—			0.9			—			—			0.9
Other expense (income), net		1.6			(0.3	)		0.2			0.7			—			2.2
Intercompany interest (income) expense, net		(3.5	)		(4.1	)		7.6			—			—			—
Interest expense, net		0.3			54.8			1.8			0.2			—			57.1
Income (loss) before income tax expense (benefit) and equity income (loss)		10.7			(4.4	)		30.9			3.3			—			40.5
Income tax expense (benefit)		2.9			(0.8	)		(3.3	)		0.5			—			(0.7	)
Equity income (loss)		29.8			4.2			0.8			—			(34.8	)		—
Net income	$	37.6		$	0.6		$	35.0		$	2.8		$	(34.8	)	$	41.2
Less: Net income attributable to non-controlling interests		—			—			—			3.6			—			3.6
Net income (loss) attributed to Cott Corporation	$	37.6		$	0.6		$	35.0		$	(0.8	)	$	(34.8	)	$	37.6

	Cott Corporation			Cott Beverages Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Elimination Entries			Consolidated
Revenue, net	$	201.0		$	905.6		$	600.4		$	137.6		$	(41.3	)	$	1,803.3
Cost of sales		158.0			774.3			527.0			119.0			(41.3	)		1,537.0
Gross profit		43.0			131.3			73.4			18.6			—			266.3
Selling, general and administrative expenses		31.0			79.1			42.6			14.0			—			166.7
Loss (gain) on disposal of property, plant & equipment		—			1.0			(0.1	)		0.2			—			1.1
Restructuring		—			(0.5	)		—			—			—			(0.5	)
Operating income		12.0			51.7			30.9			4.4			—			99.0
Contingent consideration earn-out adjustment		—			—			(20.3	)		—			—			(20.3	)
Other expense (income), net		2.3			1.3			0.8			(0.4	)		—			4.0
Intercompany interest (income) expense, net		(6.8	)		8.2			(1.3	)		—			(0.1	)		(0.0	)
Interest expense, net		0.2			35.6			0.9			0.2			—			36.9
Income before income tax expense and equity income (loss)		16.3			6.6			50.8			4.6			0.1			78.4
Income tax expense		4.5			12.0			1.7			0.4			—			18.6
Equity income		42.9			6.0			0.9			—			(49.8	)		—
Net income	$	54.7		$	0.6		$	50.0		$	4.2		$	(49.7	)	$	59.8
Less: Net income attributable to non-controlling interests		—			—			—			5.1			—			5.1
Net income (loss) attributed to Cott Corporation	$	54.7		$	0.6		$	50.0		$	(0.9	)	$	(49.7	)	$	54.7

	Cott Corporation			Cott Beverages Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Elimination Entries			Consolidated
Revenue, net	$	198.7		$	958.8		$	360.6		$	126.6		$	(48.0	)	$	1,596.7
Cost of sales		167.9			805.9			313.1			108.0			(48.0	)		1,346.9
Gross profit		30.8			152.9			47.5			18.6			—			249.8
Selling, general and administrative expenses		36.5			70.9			24.7			14.7			—			146.8
Loss (gain) on disposal of property, plant & equipment		0.2			0.4			(0.1	)		—			—			0.5
Restructuring and asset impairments:
Restructuring		0.2			1.3			—			—			—			1.5
Asset impairments		—			3.6			—			—			—			3.6
Operating (loss) income		(6.1	)		76.7			22.9			3.9			—			97.4
Other expense, net		0.8			3.6			—			—			—			4.4
Intercompany interest (income) expense, net		(8.1	)		12.9			(4.8	)		—			—			0.0
Interest expense, net		0.3			28.9			0.3			0.2			—			29.7
Income before income tax (benefit) expense and equity income		0.9			31.3			27.4			3.7			—			63.3
Income tax (benefit) expense		(16.8	)		(9.7	)		3.5			0.2			—			(22.8	)
Equity income		63.8			5.7			46.6			—			(116.1	)		—
Net income	$	81.5		$	46.7		$	70.5		$	3.5		$	(116.1	)	$	86.1
Less: Net income attributable to non-controlling interests		—			—			—			4.6			—			4.6
Net income (loss) attributed to Cott Corporation	$	81.5		$	46.7		$	70.5		$	(1.1	)	$	(116.1	)	$	81.5

Consolidating Balance Sheet

	Cott Corporation			Cott Beverages Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Elimination Entries			Consolidated
ASSETS
Current assets
Cash & cash equivalents	$	13.7		$	20.7		$	58.9		$	7.6		$	—		$	100.9
Accounts receivable, net of allowance		22.4			97.2			136.3			14.6			(59.7	)		210.8
Income taxes recoverable		—			8.8			0.8			0.3			—			9.9
Inventories		18.1			60.2			124.2			7.5			—			210.0
Prepaid expenses and other assets		1.8			13.8			3.6			0.1			—			19.3
Total current assets		56.0			200.7			323.8			30.1			(59.7	)		550.9
Property, plant & equipment		48.0			179.3			245.1			9.8			—			482.2
Goodwill		26.9			4.5			98.2			—			—			129.6
Intangibles and other assets		0.9			105.3			216.5			18.4			—			341.1
Deferred income taxes		4.1			—			—			—			—			4.1
Other tax receivable		0.5			—			0.5			—			—			1.0
Due from affiliates		30.3			166.4			79.1			41.9			(317.7	)		—
Investments in subsidiaries		459.8			365.5			572.3			225.3			(1,622.9	)		—
Total assets	$	626.5		$	1,021.7		$	1,535.5		$	325.5		$	(2,000.3	)	$	1,508.9
LIABILITIES AND EQUITY
Current liabilities
Short-term borrowings	$	—		$	—		$	—		$	—		$	—		$	—
Current maturities of long-term debt		—			2.9			0.1			0.4			—			3.4
Accounts payable and accrued liabilities		27.1			117.1			181.2			15.4			(59.7	)		281.1
Total current liabilities		27.1			120.0			181.3			15.8			(59.7	)		284.5
Long-term debt		0.2			599.0			1.2			1.7			—			602.1
Deferred income taxes		—			26.8			6.8			0.5			—			34.1
Other long-term liabilities		0.2			3.5			16.3			—			—			20.0
Due to affiliates		43.2			77.8			168.9			27.8			(317.7	)		—
Total liabilities		70.7			827.1			374.5			45.8			(377.4	)		940.7
Equity
Capital stock, no par		395.9			569.3			1,396.5			218.2			(2,184.0	)		395.9
Treasury stock		(2.1	)		—			—			—			—			(2.1	)
Additional paid-in-capital		42.6			—			—			—			—			42.6
Retained earnings (deficit)		144.1			(365.5	)		(329.0	)		(43.2	)		737.7			144.1
Accumulated other comprehensive (loss) income		(24.7	)		(9.2	)		93.5			92.3			(176.6	)		(24.7	)
Total Cott Corporation equity		555.8			194.6			1,161.0			267.3			(1,622.9	)		555.8
Non-controlling interests		—			—			—			12.4			—			12.4
Total equity		555.8			194.6			1,161.0			279.7			(1,622.9	)		568.2
Total liabilities and equity	$	626.5		$	1,021.7		$	1,535.5		$	325.5		$	(2,000.3	)	$	1,508.9

	Cott Corporation			Cott Beverages Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Elimination Entries			Consolidated
ASSETS
Current assets
Cash & cash equivalents	$	7.8		$	9.1		$	26.0		$	5.3		$	—		$	48.2
Accounts receivable, net of allowance		108.6			151.6			128.6			17.3			(192.5	)		213.6
Income taxes recoverable		—			1.3			(1.3	)		0.3			—			0.3
Inventories		18.1			66.1			124.6			6.7			—			215.5
Prepaid expenses and other assets		3.6			19.3			8.1			1.7			—			32.7
Total current assets		138.1			247.4			286.0			31.3			(192.5	)		510.3
Property, plant & equipment		50.0			180.4			259.5			13.9			—			503.8
Goodwill		27.4			4.5			98.3			—			—			130.2
Intangibles and other assets		1.3			114.8			233.6			21.4			—			371.1
Deferred income taxes		3.7			—			—			(1.2	)		—			2.5
Other tax receivable		2.5			7.6			1.2			—			—			11.3
Due from affiliates		241.8			166.9			220.9			41.9			(671.5	)		—
Investments in subsidiaries		—			351.5			—			161.0			(512.5	)		—
Total assets	$	464.8		$	1,073.1		$	1,099.5		$	268.3		$	(1,376.5	)	$	1,529.2
LIABILITIES AND EQUITY
Current liabilities
Short-term borrowings	$	—		$	7.9		$	—		$	—		$	—		$	7.9
Current maturities of long-term debt		0.1			5.4			0.1			0.4			—			6.0
Accounts payable and accrued liabilities		97.3			204.0			185.9			14.1			(192.5	)		308.8
Total current liabilities		97.4			217.3			186.0			14.5			(192.5	)		322.7
Long-term debt		—			601.9			1.4			2.5			(0.3	)		605.5
Deferred income taxes		—			31.8			10.7			1.1			—			43.6
Other long-term liabilities		—			5.4			16.9			—			(0.1	)		22.2
Losses and distributions in excess of investment		(198.4	)		—			(322.7	)		—			521.1			—
Due to affiliates		43.2			219.6			377.2			31.7			(671.7	)		—
Total liabilities		(57.8	)		1,076.0			269.5			49.8			(343.5	)		994.0
Equity
Capital stock, no par		395.6			354.4			1,182.6			175.0			(1,712.0	)		395.6
Treasury stock		(3.2	)		—			—			—			—			(3.2	)
Additional paid-in-capital		40.7			0.4			—			—			(0.3	)		40.8
Retained earnings (deficit)		106.4			(350.4	)		(352.0	)		(36.4	)		738.9			106.5
Accumulated other comprehensive (loss) income		(16.9	)		(7.3	)		(0.6	)		66.9			(59.6	)		(17.5	)
Total Cott Corporation equity		522.6			(2.9	)		830.0			205.5			(1,033.0	)		522.2
Non-controlling interests		—			—			—			13.0			—			13.0
Total equity		522.6			(2.9	)		830.0			218.5			(1,033.0	)		535.2
Total liabilities and equity	$	464.8		$	1,073.1		$	1,099.5		$	268.3		$	(1,376.5	)	$	1,529.2

Condensed Consolidating Statement Of Cash Flows

	Cott Corporation			Cott Beverages Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Elimination Entries			Consolidated
Operating Activities
Net income	$	37.6		$	0.6		$	35.0		$	2.8		$	(34.8	)	$	41.2
Depreciation & amortization		6.0			35.1			48.2			6.0			—			95.3
Amortization of financing fees		0.3			3.3			0.3			—			—			3.9
Share-based compensation expense		1.1			1.0			0.7			0.1			—			2.9
Increase (decrease) in deferred income taxes		0.4			0.1			(3.9	)		(0.3	)		—			(3.7	)
Loss on disposal of property, plant & equipment		—			0.4			0.8			—			—			1.2
Asset impairments		—			—			—			0.6			—			0.6
Intangible asset impairments		—			1.4			—			—			—			1.4
Contract termination payments		(0.8	)		(2.3	)		—			—			—			(3.1	)
Equity (loss) income, net of distributions		(29.6	)		(4.2	)		0.2			—			33.6			—
Intercompany transactions		25.8			9.6			—			—			(35.4	)		—
Other non-cash items		(0.1	)		1.1			3.6			0.3			—			4.9
Net change in operating assets and liabilities		(25.7	)		210.4			(198.6	)		(3.8	)		36.6			18.9
Net cash provided by (used in) operating activities		15.0			256.5			(113.7	)		5.7			—			163.5
Investing Activities
Acquisition		—			(34.3	)		—			—			—			(34.3	)
Additions to property, plant & equipment		(5.2	)		(33.9	)		(9.5	)		(0.2	)		—			(48.8	)
Additions to intangibles and other assets		(0.2	)		(5.3	)		(0.1	)		(0.1	)		—			(5.7	)
Proceeds from sale of property, plant & equipment		—			0.4			—			—			—			0.4
Other investing activities		—			(1.8	)		—			—			—			(1.8	)
Advances to affiliates		—			—			156.1			3.6			(159.7	)		—
Net cash (used in) provided by investing activities		(5.4	)		(74.9	)		146.5			3.3			(159.7	)		(90.2	)
Financing Activities
Payments of long-term debt		0.1			(6.4	)		—			(0.5	)		—			(6.8	)
Borrowings under ABL		—			224.1			—			—			—			224.1
Payments under ABL		—			(231.9	)		—			—			—			(231.9	)
Advances from affiliates		(3.6	)		(156.1	)		—			—			159.7			—
Distributions to non-controlling interests		—			—			—			(6.0	)		—			(6.0	)
Exercise of options		—			0.3			—			—			—			0.3
Net cash used in financing activities		(3.5	)		(170.0	)		—			(6.5	)		159.7			(20.3	)
Effect of exchange rate changes on cash		(0.2	)		—			0.1			(0.2	)		—			(0.3	)
Net increase in cash & cash equivalents		5.9			11.6			32.9			2.3			—			52.7
Cash & cash equivalents, beginning of period		7.8			9.1			26.0			5.3			—			48.2
Cash & cash equivalents, end of period	$	13.7		$	20.7		$	58.9		$	7.6		$	—		$	100.9

	Cott Corporation			Cott Beverages Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Elimination Entries			Consolidated
Operating Activities
Net income	$	54.7		$	0.6		$	50.0		$	4.2		$	(49.7	)	$	59.8
Depreciation & amortization		6.3			35.4			26.4			5.9			—			74.0
Amortization of financing fees		0.4			2.1			0.2			—			—			2.7
Share-based compensation expense		0.7			3.9			0.1			—			—			4.7
Increase in deferred income taxes		2.3			12.0			1.7			1.1			—			17.0
Write-off of financing fees		0.2			1.0			0.2			—			—			1.4
Loss (gain) on disposal of property, plant & equipment		—			1.0			(0.1	)		0.2			—			1.1
Loss on buyback of Notes		—			0.1			—			—			—			0.1
Contingent consideration earn-out adjustment		—			—			(20.3	)		—			—			(20.3	)
Contract termination loss		—			3.6			—			—			—			3.6
Contract termination payments		—			(5.4	)		—			—			—			(5.4	)
Equity (loss) income, net of distributions		(42.9	)		(6.0	)		(0.9	)		—			49.8			—
Intercompany transactions		8.9			7.7			—			—			(16.5	)		—
Other non-cash items		2.0			3.8			—			(0.3	)		—			5.5
Net change in operating assets and liabilities		(35.3	)		63.4			(17.9	)		7.6			16.4			34.2
Net cash (used in) provided by operating activities		(2.8	)		123.1			39.4			18.7			—			178.4
Investing Activities
Acquisition		—			(507.7	)		—			—			—			(507.7	)
Additions to property, plant & equipment		(5.4	)		(26.5	)		(10.6	)		(1.5	)		—			(44.0	)
Additions to intangibles and other assets		—			(4.2	)		—			—			—			(4.2	)
Proceeds from sale of property, plant & equipment		—			0.3			0.3			0.6			—			1.2
Advances to affiliates		21.0			—			(12.3	)		(8.8	)		0.1			—
Net cash provided by (used in) investing activities		15.6			(538.1	)		(22.6	)		(9.7	)		0.1			(554.7	)
Financing Activities
Payments of long-term debt		0.1			(18.3	)		—			(0.5	)		—			(18.7	)
Issuance of long-term debt		—			375.0			—			—			—			375.0
Borrowings under ABL		—			307.1			59.4			—			—			366.5
Payments under ABL		—			(319.3	)		(59.7	)		—			—			(379.0	)
Advances from affiliates		8.8			12.3			(21.0	)		—			(0.1	)		—
Intercompany contributions		(89.8	)		71.1			18.7			—			—			—
Distributions to non-controlling interests		—			—			—			(7.4	)		—			(7.4	)
Issuance of common shares, net of offering fees		71.1			—			—			—			—			71.1
Financing fees		—			(14.2	)		—			—			—			(14.2	)
Net cash (used in) provided by financing activities		(9.8	)		413.7			(2.6	)		(7.9	)		(0.1	)		393.3
Effect of exchange rate changes on cash		0.6			—			(0.4	)		0.1			—			0.3
Net increase (decrease) in cash & cash equivalents		3.6			(1.3	)		13.8			1.2			—			17.3
Cash & cash equivalents, beginning of period		4.2			10.4			12.2			4.1			—			30.9
Cash & cash equivalents, end of period	$	7.8		$	9.1		$	26.0		$	5.3		$	—		$	48.2

	Cott Corporation			Cott Beverages Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Elimination Entries			Consolidated
Operating Activities
Net income	$	81.5		$	46.7		$	70.5		$	3.5		$	(116.1	)	$	86.1
Depreciation & amortization		8.1			37.9			14.6			5.6			—			66.2
Amortization of financing fees		0.2			1.1			0.2			—			—			1.5
Share-based compensation expense		0.1			1.2			—			—			—			1.3
Increase (decrease) in deferred income taxes		3.3			2.9			0.1			(0.1	)		—			6.2
Loss (gain) on disposal of property, plant & equipment		0.2			0.4			(0.1	)		—			—			0.5
Loss on buyback of Notes		1.5			—			—			—			—			1.5
Asset impairments		—			0.1			—			—			—			0.1
Intangible impairments		—			3.5			—			—			—			3.5
Contract termination payments		—			(3.8	)		—			—			—			(3.8	)
Equity (loss) income, net of distributions		(62.4	)		(5.7	)		(46.7	)		(1.3	)		116.1			—
Intercompany transactions		8.6			6.9			—			—			(15.5	)		—
Other non-cash items		—			2.6			—			—			—			2.6
Net change in operating assets and liabilities		(102.0	)		64.6			(0.5	)		11.8			15.5			(10.6	)
Net cash (used in) provided by operating activities		(60.9	)		158.4			38.1			19.5			—			155.1
Investing Activities
Additions to property, plant & equipment		(4.3	)		(18.4	)		(8.6	)		(1.0	)		—			(32.3	)
Additions to intangibles and other assets		—			(1.6	)		—			—			—			(1.6	)
Proceeds from sale of property, plant & equipment		—			1.5			0.2			—			—			1.7
Advances to affiliates		12.6			—			(11.2	)		(9.9	)		8.5			—
Net cash provided by (used in) investing activities		8.3			(18.5	)		(19.6	)		(10.9	)		8.5			(32.2	)
Financing Activities
Payments of long-term debt		—			(265.2	)		—			(0.3	)		—			(265.5	)
Issuance of long-term debt		—			211.9			—			—			—			211.9
Borrowings under ABL		87.0			595.0			86.1			—			—			768.1
Payments under ABL		(90.1	)		(679.4	)		(87.1	)		—			—			(856.6	)
Advances from affiliates		10.0			11.3			(12.8	)		—			(8.5	)		—
Distributions to non-controlling interests		—			—			—			(6.7	)		—			(6.7	)
Issuance of common shares, net of offering fees		47.5			—			—			—			—			47.5
Financing fees		—			(6.2	)		—			—			—			(6.2	)
Other financing activities		—			—			—			(0.1	)		—
Net cash provided by (used in) financing activities		54.4			(132.6	)		(13.8	)		(7.1	)		(8.5	)		(107.5	)
Effect of exchange rate changes on cash		0.3			—			0.1			0.4			—			0.8
Net increase in cash & cash equivalents		2.1			7.3			4.8			1.9			—			16.2
Cash & cash equivalents, beginning of period		2.1			3.1			7.4			2.1			—			14.7
Cash & cash equivalents, end of period	$	4.2		$	10.4		$	12.2		$	4.0		$	—		$	30.9