Guarantor Subsidiaries (Tables)

6 Months Ended

Jul. 04, 2015

DSS Group Inc [Member]

Condensed Consolidating Statement of Operations

Condensed Consolidating Statement of Operations

(in millions of U.S. dollars)

Unaudited

	For the Three Months Ended July 4, 2015
	Cott Corporation			DS Services of America, Inc.			DSS Guarantor Subsidiaries			DSS Non-Guarantor Subsidiaries			Elimination Entries			Consolidated
Revenue, net	$	46.9		$	257.0		$	457.5		$	38.3		$	(19.9	)	$	779.8
Cost of sales		38.4			100.8			389.0			30.9			(19.9	)		539.2
Gross profit		8.5			156.2			68.5			7.4			—			240.6
Selling, general and administrative expenses		4.9			139.1			43.2			3.0			—			190.2
Loss (gain) on disposal of property, plant & equipment		—			0.9			(0.7	)		—			—			0.2
Acquisition and integration expenses		—			3.1			1.0			—			—			4.1
Operating income		3.6			13.1			25.0			4.4			—			46.1
Other expense (income), net		0.7			(0.2	)		0.6			(0.1	)		—			1.0
Intercompany interest (income) expense, net		(1.9	)		11.0			(9.1	)		—			—			—
Interest expense, net		—			7.5			20.4			—			—			27.9
Income (loss) before income tax expense (benefit) and equity income		4.8			(5.2	)		13.1			4.5			—			17.2
Income tax expense (benefit)		1.8			(1.8	)		(1.2	)		0.1			—			(1.1	)
Equity income		13.6			—			1.6			—			(15.2	)		—
Net income (loss)	$	16.6		$	(3.4	)	$	15.9		$	4.4		$	(15.2	)	$	18.3
Less: Net income attributable to non-controlling interests		—			—			—			1.7			—			1.7
Less: Accumulated dividends on convertible preferred shares		1.8			—			—			—			—			1.8
Less: Accumulated dividends on non-convertible preferred shares		0.6			—			—			—			—			0.6
Less: Foreign exchange impact on redemption of preferred shares		12.0			—			—			—			—			12.0
Net income (loss) attributed to Cott Corporation	$	2.2		$	(3.4	)	$	15.9		$	2.7		$	(15.2	)	$	2.2
Comprehensive income (loss) attributed to Cott Corporation	$	24.4		$	(3.4	)	$	59.3		$	4.2		$	(60.1	)	$	24.4

	For the Six Months Ended July 4, 2015
	Cott Corporation			DS Services of America, Inc.			DSS Guarantor Subsidiaries			DSS Non-Guarantor Subsidiaries		Elimination Entries			Consolidated
Revenue, net	$	76.9		$	497.3		$	875.8		$	69.7	$	(30.1	)	$	1,489.6
Cost of sales		65.4			201.2			754.4			56.8		(30.1	)		1,047.7
Gross profit		11.5			296.1			121.4			12.9		—			441.9
Selling, general and administrative expenses		10.4			276.3			85.9			6.1		—			378.7
Loss (gain) on disposal of property, plant & equipment		—			2.0			(0.4	)		—		—			1.6
Acquisition and integration expenses		—			6.1			2.7			—		—			8.8
Operating income		1.1			11.7			33.2			6.8		—			52.8
Other (income) expense, net		(9.8	)		(0.4	)		0.8			—		—			(9.4	)
Intercompany interest (income) expense, net		(4.9	)		21.9			(17.0	)		—		—			—
Interest expense, net		0.1			14.8			40.7			—		—			55.6
Income (loss) before income tax expense (benefit) and equity income		15.7			(24.6	)		8.7			6.8		—			6.6
Income tax expense (benefit)		3.0			(9.0	)		(4.7	)		0.2		—			(10.5	)
Equity income		1.4			—			3.0			—		(4.4	)		—
Net income (loss)	$	14.1		$	(15.6	)	$	16.4		$	6.6	$	(4.4	)	$	17.1
Less: Net income attributable to non-controlling interests		—			—			—			3.0		—			3.0
Less: Accumulated dividends on convertible preferred shares		4.5			—			—			—		—			4.5
Less: Accumulated dividends on non-convertible preferred shares		1.4			—			—			—		—			1.4
Less: Foreign exchange impact on redemption of preferred shares		12.0			—			—			—		—			12.0
Net (loss) income attributed to Cott Corporation	$	(3.8	)	$	(15.6	)	$	16.4		$	3.6	$	(4.4	)	$	(3.8	)
Comprehensive (loss) income attributed to Cott Corporation	$	(7.4	)	$	(15.6	)	$	43.5		$	4.8	$	(32.7	)	$	(7.4	)

	For the Three Months Ended June 28, 2014
	Cott Corporation			DS Services of America, Inc.		DSS Guarantor Subsidiaries			DSS Non-Guarantor Subsidiaries		Elimination Entries			Consolidated
Revenue, net	$	49.5		$	—	$	476.7		$	36.0	$	(13.0	)	$	549.2
Cost of sales		41.0			—		412.3			29.9		(13.0	)		470.2
Gross profit		8.5			—		64.4			6.1		—			79.0
Selling, general and administrative expenses		6.3			—		41.3			3.1		—			50.7
Gain on disposal of property, plant & equipment		—			—		(0.1	)		—		—			(0.1	)
Restructuring		0.1			—		—			—		—			0.1
Asset impairments		—			—		0.3			—		—			0.3
Acquisition and integration expenses		—			—		1.8			—		—			1.8
Operating income		2.1			—		21.1			3.0		—			26.2
Other (income) expense, net		(9.5	)		—		29.3			—		—			19.8
Interest expense, net		—			—		8.4			—		—			8.4
Income (loss) before income tax (benefit) expense and equity (loss) income		11.6			—		(16.6	)		3.0		—			(2.0	)
Income tax (benefit) expense		(0.4	)		—		2.9			—		—			2.5
Equity (loss) income		(17.9	)		—		8.2			—		9.7			—
Net (loss) income	$	(5.9	)	$	—	$	(11.3	)	$	3.0	$	9.7		$	(4.5	)
Less: Net income attributable to non-controlling interests		—			—		—			1.4		—			1.4
Net (loss) income attributed to Cott Corporation	$	(5.9	)	$	—	$	(11.3	)	$	1.6	$	9.7		$	(5.9	)
Comprehensive income attributed to Cott Corporation	$	2.5		$	—	$	26.6		$	0.9	$	(27.5	)	$	2.5

	For the Six Months Ended June 28, 2014
	Cott Corporation			DS Services of America, Inc.		DSS Guarantor Subsidiaries			DSS Non-Guarantor Subsidiaries		Elimination Entries			Consolidated
Revenue, net	$	86.7			—		894.1			68.3		(24.8	)	$	1,024.3
Cost of sales		75.2			—		782.2			56.5		(24.8	)		889.1
Gross profit		11.5			—		111.9			11.8		—			135.2
Selling, general and administrative expenses		12.8			—		78.6			6.2		—			97.6
Restructuring		2.0			—		0.3			—		—			2.3
Asset impairments		0.9			—		1.0			—		—			1.9
Acquisition and integration expenses		—			—		2.9			—		—			2.9
Operating (loss) income		(4.2	)		—		29.1			5.6		—			30.5
Other (income) expense, net		(9.3	)		—		26.7			0.1		—			17.5
Interest expense, net		0.1			—		18.1			—		—			18.2
Income (loss) before income tax (benefit) expense and equity (loss) income		5.0			—		(15.7	)		5.5		—			(5.2	)
Income tax (benefit) expense		(1.4	)		—		3.3			0.1		—			2.0
Equity (loss) income		(16.4	)		—		2.7			—		13.7			—
Net (loss) income	$	(10.0	)	$	—	$	(16.3	)	$	5.4	$	13.7		$	(7.2	)
Less: Net income attributable to non-controlling interests		—			—		—			2.8		—			2.8
Net (loss) income attributed to Cott Corporation	$	(10.0	)	$	—	$	(16.3	)	$	2.6	$	13.7		$	(10.0	)
Comprehensive (loss) income attributed to Cott Corporation	$	(3.3	)	$	—	$	39.7		$	1.8	$	(41.5	)	$	(3.3	)

Consolidating Balance Sheets

Consolidating Balance Sheets

(in millions of U.S. dollars)

Unaudited

	As of July 4, 2015
	Cott Corporation			DS Services of America, Inc.			DSS Guarantor Subsidiaries			DSS Non-Guarantor Subsidiaries			Elimination Entries			Consolidated
ASSETS
Current assets
Cash & cash equivalents	$	13.8		$	28.6		$	30.8		$	5.8		$	—		$	79.0
Accounts receivable, net of allowance		22.3			135.3			248.9			16.2			(56.1	)		366.6
Income taxes recoverable		—			0.6			0.7			—			—			1.3
Inventories		15.2			28.9			215.7			6.9			—			266.7
Prepaid expenses and other assets		3.1			10.8			25.4			0.2			—			39.5
Total current assets		54.4			204.2			521.5			29.1			(56.1	)		753.1
Property, plant & equipment, net		33.6			401.4			378.0			7.2			—			820.2
Goodwill		21.8			563.0			164.1			—			—			748.9
Intangibles and other assets, net		0.7			400.8			343.7			4.7			—			749.9
Deferred income taxes		1.2			—			—			0.1			—			1.3
Other tax receivable		0.1			—			—			—			—			0.1
Due from affiliates		33.1			—			544.5			—			(577.6	)		—
Investments in subsidiaries		577.3			—			49.4			—			(626.7	)		—
Total assets	$	722.2		$	1,569.4		$	2,001.2		$	41.1		$	(1,260.4	)	$	3,073.5
LIABILITIES AND EQUITY
Current liabilities
Short-term borrowings	$	—		$	—		$	198.2		$	—		$	—		$	198.2
Current maturities of long-term debt		—			—			3.1			0.8			—			3.9
Accounts payable and accrued liabilities		49.9			150.3			298.4			11.4			(56.1	)		453.9
Total current liabilities		49.9			150.3			499.7			12.2			(56.1	)		656.0
Long-term debt		—			392.8			1,157.2			0.2			—			1,550.2
Deferred income taxes		—			113.4			(11.6	)		—			—			101.8
Other long-term liabilities		0.5			32.3			54.4			1.3			—			88.5
Due to affiliates		1.2			543.3			2.1			31.0			(577.6	)		—
Total liabilities		51.6			1,232.1			1,701.8			44.7			(633.7	)		2,396.5
Equity
Capital stock, no par		532.1			355.6			981.7			39.1			(1,376.4	)		532.1
Additional paid-in-capital		50.9			—			—			—			—			50.9
Retained earnings (deficit)		142.2			(18.4	)		(704.7	)		(55.5	)		778.6			142.2
Accumulated other comprehensive (loss) income		(54.6	)		0.1			22.4			6.4			(28.9	)		(54.6	)
Total Cott Corporation equity		670.6			337.3			299.4			(10.0	)		(626.7	)		670.6
Non-controlling interests		—			—			—			6.4			—			6.4
Total equity		670.6			337.3			299.4			(3.6	)		(626.7	)		677.0
Total liabilities and equity	$	722.2		$	1,569.4		$	2,001.2		$	41.1		$	(1,260.4	)	$	3,073.5

Consolidating Balance Sheets

(in millions of U.S. dollars)

	As of January 3, 2015
	Cott Corporation			DS Services of America, Inc.			DSS Guarantor Subsidiaries			DSS Non-Guarantor Subsidiaries			Elimination Entries			Consolidated
ASSETS
Current assets
Cash & cash equivalents	$	6.2		$	34.4		$	38.2		$	7.4		$	—		$	86.2
Accounts receivable, net of allowance		16.2			105.4			358.8			12.2			(186.9	)		305.7
Income taxes recoverable		—			0.6			0.6			0.4			—			1.6
Inventories		12.4			34.2			210.3			5.5			—			262.4
Prepaid expenses and other assets		3.2			10.3			45.4			0.4			—			59.3
Total current assets		38.0			184.9			653.3			25.9			(186.9	)		715.2
Property, plant & equipment, net		38.2			415.5			403.0			7.8			—			864.5
Goodwill		23.4			556.9			163.3			—			—			743.6
Intangibles and other assets, net		0.7			415.6			358.7			6.7			—			781.7
Deferred income taxes		2.5			—			—			—			—			2.5
Other tax receivable		0.1			—			0.1			—			—			0.2
Due from affiliates		183.8			—			403.0			0.1			(586.9	)		—
Investments in subsidiaries		436.3			—			973.1			—			(1,409.4	)		—
Total assets	$	723.0		$	1,572.9		$	2,954.5		$	40.5		$	(2,183.2	)	$	3,107.7
LIABILITIES, PREFERRED SHARES AND EQUITY
Current liabilities
Short-term borrowings	$	—		$	—		$	229.0		$	—		$	—		$	229.0
Current maturities of long-term debt		0.1			—			3.0			0.9			—			4.0
Accounts payable and accrued liabilities		30.4			106.8			461.9			8.1			(186.9	)		420.3
Total current liabilities		30.5			106.8			693.9			9.0			(186.9	)		653.3
Long-term debt		—			405.6			1,158.8			0.6			—			1,565.0
Deferred income taxes		—			129.3			(9.4	)		—			—			119.9
Other long-term liabilities		0.4			29.6			40.5			1.3			—			71.8
Due to affiliates		1.3			548.8			3.9			32.9			(586.9	)		—
Total liabilities		32.2			1,220.1			1,887.7			43.8			(773.8	)		2,410.0
Convertible preferred shares		116.1			—			—			—			—			116.1
Non-convertible preferred shares		32.7			—			—			—			—			32.7
Equity
Capital stock, no par		388.3			355.5			1,766.0			39.7			(2,161.2	)		388.3
Additional paid-in-capital		46.6			—			—			—			—			46.6
Retained earnings (deficit)		158.1			(2.8	)		(694.5	)		(55.1	)		752.4			158.1
Accumulated other comprehensive (loss) income		(51.0	)		0.1			(4.7	)		5.2			(0.6	)		(51.0	)
Total Cott Corporation equity		542.0			352.8			1,066.8			(10.2	)		(1,409.4	)		542.0
Non-controlling interests		—			—			—			6.9			—			6.9
Total equity		542.0			352.8			1,066.8			(3.3	)		(1,409.4	)		548.9
Total liabilities, preferred shares and equity	$	723.0		$	1,572.9		$	2,954.5		$	40.5		$	(2,183.2	)	$	3,107.7

Consolidating Statements of Condensed Cash Flows

Consolidating Statements of Condensed Cash Flows

(in millions of U.S. dollars)

Unaudited

	For the Three Months Ended July 4, 2015
	Cott Corporation			DS Services of America, Inc.			DSS Guarantor Subsidiaries			DSS Non-Guarantor Subsidiaries			Elimination Entries			Consolidated
Operating Activities
Net income (loss)	$	16.6		$	(3.4	)	$	15.9		$	4.4		$	(15.2	)	$	18.3
Depreciation & amortization		1.2			31.8			23.8			1.4			—			58.2
Amortization of financing fees		—			—			1.1			—			—			1.1
Amortization of senior notes premium		—			(1.4	)		—			—			—			(1.4	)
Share-based compensation expense		1.1			0.5			2.0			0.1			—			3.7
Increase (decrease) in deferred income taxes		0.7			(4.9	)		(0.9	)		(0.1	)		—			(5.2	)
Loss (gain) on disposal of property, plant & equipment		—			0.9			(0.7	)		—			—			0.2
Equity income, net of distributions		(13.6	)		—			(1.6	)		—			15.2			—
Intercompany dividends		2.2			—			10.0			—			(12.2	)		—
Other non-cash items		(6.8	)		—			0.5			—			—			(6.3	)
Net change in operating assets and liabilities, net of acquisition		27.9			(2.9	)		(25.6	)		7.7			—			7.1
Net cash provided by operating activities		29.3			20.6			24.5			13.5			(12.2	)		75.7
Investing Activities
Acquisition, net of cash received		—			(0.5	)		—			—			—			(0.5	)
Additions to property, plant & equipment		(0.2	)		(20.4	)		(8.9	)		(0.4	)		—			(29.9	)
Additions to intangibles and other assets		—			(0.1	)		—			—			—			(0.1	)
Proceeds from sale of property, plant & equipment and sale-leaseback		—			14.2			25.9			—			—			40.1
Net cash (used in) provided by investing activities		(0.2	)		(6.8	)		17.0			(0.4	)		—			9.6
Financing Activities
Payments of long-term debt		—			—			(0.9	)		(0.2	)		—			(1.1	)
Borrowings under ABL		—			—			654.1			—			—			654.1
Payments under ABL		—			—			(674.4	)		—			—			(674.4	)
Distributions to non-controlling interests		—			—			—			(1.6	)		—			(1.6	)
Issuance of common shares		142.5			—			—			—			—			142.5
Financing fees		—			—			(0.2	)		—			—			(0.2	)
Preferred shares repurchased and cancelled		(148.8	)		—			—			—			—			(148.8	)
Dividends paid to common and preferred shareowners		(9.0	)		—			—			—			—			(9.0	)
Payment of deferred consideration for acquisitions		—			—			(2.5	)		—			—			(2.5	)
Intercompany dividends		—			—			(2.2	)		(10.0	)		12.2			—
Net cash used in financing activities		(15.3	)		—			(26.1	)		(11.8	)		12.2			(41.0	)
Effect of exchange rate changes on cash		(0.3	)		—			0.6			(0.1	)		—			0.2
Net increase in cash & cash equivalents		13.5			13.8			16.0			1.2			—			44.5
Cash & cash equivalents, beginning of period		0.3			14.8			14.8			4.6			—			34.5
Cash & cash equivalents, end of period	$	13.8		$	28.6		$	30.8		$	5.8		$	—		$	79.0

	For the Six Months Ended July 4, 2015
	Cott Corporation			DS Services of America, Inc.			DSS Guarantor Subsidiaries			DSS Non-Guarantor Subsidiaries			Elimination Entries			Consolidated
Operating Activities
Net income (loss)	$	14.1		$	(15.6	)	$	16.4		$	6.6		$	(4.4	)	$	17.1
Depreciation & amortization		2.4			62.0			48.4			2.8			—			115.6
Amortization of financing fees		—			—			2.4			—			—			2.4
Amortization of senior notes premium		—			(2.9	)		—			—			—			(2.9	)
Share-based compensation expense		1.2			1.1			3.7			0.1			—			6.1
Increase (decrease) in deferred income taxes		1.1			(12.6	)		(5.2	)		(0.2	)		—			(16.9	)
Loss (gain) on disposal of property, plant & equipment		—			2.0			(0.4	)		—			—			1.6
Equity income, net of distributions		(1.4	)		—			(3.0	)		—			4.4			—
Intercompany dividends		4.3			—			12.1			—			(16.4	)		—
Other non-cash items		(6.8	)		—			(9.7	)		—			—			(16.5	)
Net change in operating assets and liabilities, net of acquisition		18.8			(12.8	)		(43.8	)		5.9			—			(31.9	)
Net cash provided by operating activities		33.7			21.2			20.9			15.2			(16.4	)		74.6
Investing Activities
Acquisition, net of cash received		—			(0.5	)		—			—			—			(0.5	)
Additions to property, plant & equipment		(0.5	)		(38.8	)		(17.5	)		(0.4	)		—			(57.2	)
Additions to intangibles and other assets		—			(1.9	)		(0.3	)		—			—			(2.2	)
Proceeds from sale of property, plant & equipment and sale-leaseback		—			14.2			26.3			—			—			40.5
Net cash (used in) provided by investing activities		(0.5	)		(27.0	)		8.5			(0.4	)		—			(19.4	)
Financing Activities
Payments of long-term debt		—			—			(1.4	)		(0.5	)		—			(1.9	)
Borrowings under ABL		—			—			748.9			—			—			748.9
Payments under ABL		—			—			(777.2	)		—			—			(777.2	)
Distributions to non-controlling interests		—			—			—			(3.6	)		—			(3.6	)
Issuance of common shares		142.6			—			—			—			—			142.6
Financing fees		—			—			(0.2	)		—			—			(0.2	)
Common shares repurchased and cancelled		(0.7	)		—			—			—			—			(0.7	)
Preferred shares repurchased and cancelled		(148.8	)		—			—			—			—			(148.8	)
Dividends paid to common and preferred shareowners		(18.0	)		—			—			—			—			(18.0	)
Payment of deferred consideration for acquisitions		—			—			(2.5	)		—			—			(2.5	)
Intercompany dividends		—			—			(4.3	)		(12.1	)		16.4			—
Net cash used in financing activities		(24.9	)		—			(36.7	)		(16.2	)		16.4			(61.4	)
Effect of exchange rate changes on cash		(0.7	)		—			(0.1	)		(0.2	)		—			(1.0	)
Net increase (decrease) in cash & cash equivalents		7.6			(5.8	)		(7.4	)		(1.6	)		—			(7.2	)
Cash & cash equivalents, beginning of period		6.2			34.4			38.2			7.4			—			86.2
Cash & cash equivalents, end of period	$	13.8		$	28.6		$	30.8		$	5.8		$	—		$	79.0

	For the Three Months Ended June 28, 2014
	Cott Corporation			DS Services of America, Inc.		DSS Guarantor Subsidiaries			DSS Non-Guarantor Subsidiaries			Elimination Entries			Consolidated
Operating Activities
Net (loss) income	$	(5.9	)	$	—	$	(11.3	)	$	3.0		$	9.7		$	(4.5	)
Depreciation & amortization		1.6			—		22.8			1.4			—			25.8
Amortization of financing fees		0.1			—		0.5			—			—			0.6
Share-based compensation expense		0.6			—		1.5			—			—			2.1
(Decrease) increase in deferred income taxes		(0.4	)		—		2.7			0.3			—			2.6
Gain on disposal of property, plant & equipment		—			—		(0.1	)		—			—			(0.1	)
Asset impairments		—			—		0.3			—			—			0.3
Write off of financing fees and discount		—			—		3.0			—			—			3.0
Equity loss (income), net of distributions		17.9			—		(8.2	)		—			(9.7	)		—
Intercompany dividends		15.9			—		2.6			—			(18.5	)		—
Other non-cash items		(0.2	)		—		(0.3	)		—			—			(0.5	)
Net change in operating assets and liabilities		(18.0	)		—		15.7			2.5			—			0.2
Net cash provided by operating activities		11.6			—		29.2			7.2			(18.5	)		29.5
Investing Activities
Acquisitions, net of cash received		—			—		(80.8	)		—			—			(80.8	)
Additions to property, plant & equipment		(0.3	)		—		(11.5	)		—			—			(11.8	)
Additions to intangibles and other assets		—			—		(1.3	)		—			—			(1.3	)
Net cash used in investing activities		(0.3	)		—		(93.6	)		—			—			(93.9	)
Financing Activities
Payments of long-term debt		(0.1	)		—		(296.7	)		0.3			—			(296.5	)
Issue of long-term debt		—			—		525.0			—			—			525.0
Borrowings under ABL		—			—		188.2			—			—			188.2
Payments under ABL		—			—		(284.3	)		—			—			(284.3	)
Distributions to non-controlling interests		—			—		—			(2.5	)		—			(2.5	)
Common shares repurchased and cancelled		(2.7	)		—		—			—			—			(2.7	)
Dividends paid to shareholders		(5.7	)		—		—			—			—			(5.7	)
Financing fees		—			—		(7.9	)		—			—			(7.9	)
Intercompany dividends		—			—		(15.9	)		(2.6	)		18.5			—
Net cash (used in) provided by financing activities		(8.5	)		—		108.4			(4.8	)		18.5			113.6
Effect of exchange rate changes on cash		0.4			—		0.7			—			—			1.1
Net increase in cash & cash equivalents		3.2			—		44.7			2.4			—			50.3
Cash & cash equivalents, beginning of period		4.0			—		32.3			4.3			—			40.6
Cash & cash equivalents, end of period	$	7.2		$	—	$	77.0		$	6.7		$	—		$	90.9

	For the Six Months Ended June 28, 2014
	Cott Corporation			DS Services of America, Inc.		DSS Guarantor Subsidiaries			DSS Non-Guarantor Subsidiaries			Elimination Entries			Consolidated
Operating Activities
Net (loss) income	$	(10.0	)	$	—	$	(16.3	)	$	5.4		$	13.7		$	(7.2	)
Depreciation & amortization		3.1			—		44.9			2.9			—			50.9
Amortization of financing fees		0.1			—		1.1			—			—			1.2
Share-based compensation expense		0.8			—		2.6			—			—			3.4
(Decrease) increase in deferred income taxes		(1.3	)		—		3.2			—			—			1.9
Asset impairments		0.9			—		1.0			—			—			1.9
Write off of financing fees and discount		—			—		3.3			—			—			3.3
Equity loss (income), net of distributions		16.4			—		(2.7	)		—			(13.7	)		—
Intercompany dividends		18.2			—		5.0			—			(23.2	)		—
Other non-cash items		(0.2	)		—		(0.5	)		—			—			(0.7	)
Net change in operating assets and liabilities		(7.7	)		—		(72.7	)		2.7			—			(77.7	)
Net cash provided by (used in) operating activities		20.3			—		(31.1	)		11.0			(23.2	)		(23.0	)
Investing Activities
Acquisitions, net of cash received		—			—		(80.8	)		—			—			(80.8	)
Additions to property, plant & equipment		(0.9	)		—		(19.7	)		—			—			(20.6	)
Additions to intangibles and other assets		—			—		(2.8	)		—			—			(2.8	)
Net cash used in investing activities		(0.9	)		—		(103.3	)		—			—			(104.2	)
Financing Activities
Payments of long-term debt		(0.1	)		—		(312.4	)		—			—			(312.5	)
Issue of long-term debt		—			—		525.0			—			—			525.0
Borrowings under ABL		—			—		283.2			—			—			283.2
Payments under ABL		—			—		(299.4	)		—			—			(299.4	)
Distributions to non-controlling interests		—			—		—			(4.8	)		—			(4.8	)
Common shares repurchased and cancelled		(3.1	)		—		—			—			—			(3.1	)
Dividends paid to shareholders		(10.8	)		—		—			—			—			(10.8	)
Financing fees		—			—		(7.9	)		—			—			(7.9	)
Intercompany dividends		—			—		(18.2	)		(5.0	)		23.2			—
Net cash (used in) provided by financing activities		(14.0	)		—		170.3			(9.8	)		23.2			169.7
Effect of exchange rate changes on cash		0.3			—		0.9			—			—			1.2
Net increase in cash & cash equivalents		5.7			—		36.8			1.2			—			43.7
Cash & cash equivalents, beginning of period		1.5			—		40.2			5.5			—			47.2
Cash & cash equivalents, end of period	$	7.2		$	—	$	77.0		$	6.7		$	—		$	90.9

Cott Beverages Inc. [Member]

Condensed Consolidating Statement of Operations

Condensed Consolidating Statement of Operations

(in millions of U.S. dollars)

Unaudited

	For the Three Months Ended July 4, 2015
	Cott Corporation			Cott Beverages Inc.			Cott Guarantor Subsidiaries			Cott Non-Guarantor Subsidiaries			Elimination Entries			Consolidated
Revenue, net	$	46.9		$	197.1		$	517.4		$	38.3		$	(19.9	)	$	779.8
Cost of sales		38.4			164.9			324.9			30.9			(19.9	)		539.2
Gross profit		8.5			32.2			192.5			7.4			—			240.6
Selling, general and administrative expenses		4.9			24.6			157.7			3.0			—			190.2
(Gain) loss on disposal of property, plant & equipment		—			(0.7	)		0.9			—			—			0.2
Acquisition and integration expenses		—			0.5			3.6			—			—			4.1
Operating income		3.6			7.8			30.3			4.4			—			46.1
Other expense (income), net		0.7			—			0.4			(0.1	)		—			1.0
Intercompany interest (income) expense, net		(1.9	)		(13.3	)		15.2			—			—			—
Interest expense, net		—			20.2			7.7			—			—			27.9
Income before income tax expense (benefit) and equity income		4.8			0.9			7.0			4.5			—			17.2
Income tax expense (benefit)		1.8			(1.9	)		(1.1	)		0.1			—			(1.1	)
Equity income		13.6			1.6			—			—			(15.2	)		—
Net income	$	16.6		$	4.4		$	8.1		$	4.4		$	(15.2	)	$	18.3
Less: Net income attributable to non-controlling interests		—			—			—			1.7			—			1.7
Less: Accumulated dividends on convertible preferred shares		1.8			—			—			—			—			1.8
Less: Accumulated dividends on non-convertible preferred shares		0.6			—			—			—			—			0.6
Less: Foreign exchange impact on redemption of preferred shares		12.0			—			—			—			—			12.0
Net income attributed to Cott Corporation	$	2.2		$	4.4		$	8.1		$	2.7		$	(15.2	)	$	2.2
Comprehensive income attributed to Cott Corporation	$	24.4		$	26.5		$	21.4		$	4.2		$	(52.1	)	$	24.4

	For the Six Months Ended July 4, 2015
	Cott Corporation			Cott Beverages Inc.			Cott Guarantor Subsidiaries			Cott Non-Guarantor Subsidiaries		Elimination Entries			Consolidated
Revenue, net	$	76.9		$	367.1		$	1,006.0		$	69.7	$	(30.1	)	$	1,489.6
Cost of sales		65.4			310.7			644.9			56.8		(30.1	)		1,047.7
Gross profit		11.5			56.4			361.1			12.9		—			441.9
Selling, general and administrative expenses		10.4			48.4			313.8			6.1		—			378.7
(Gain) loss on disposal of property, plant & equipment		—			(0.4	)		2.0			—		—			1.6
Acquisition and integration expenses		—			2.0			6.8			—		—			8.8
Operating income		1.1			6.4			38.5			6.8		—			52.8
Other (income) expense, net		(9.8	)		—			0.4			—		—			(9.4	)
Intercompany interest (income) expense, net		(4.9	)		(25.5	)		30.4			—		—			—
Interest expense, net		0.1			40.3			15.2			—		—			55.6
Income (loss) before income tax expense (benefit) and equity income		15.7			(8.4	)		(7.5	)		6.8		—			6.6
Income tax expense (benefit)		3.0			(6.5	)		(7.2	)		0.2		—			(10.5	)
Equity income		1.4			3.0			—			—		(4.4	)		—
Net income (loss)	$	14.1		$	1.1		$	(0.3	)	$	6.6	$	(4.4	)	$	17.1
Less: Net income attributable to non-controlling interests		—			—			—			3.0		—			3.0
Less: Accumulated dividends on convertible preferred shares		4.5			—			—			—		—			4.5
Less: Accumulated dividends on non-convertible preferred shares		1.4			—			—			—		—			1.4
Less: Foreign exchange impact on redemption of preferred shares		12.0			—			—			—		—			12.0
Net (loss) income attributed to Cott Corporation	$	(3.8	)	$	1.1		$	(0.3	)	$	3.6	$	(4.4	)	$	(3.8	)
Comprehensive (loss) income attributed to Cott Corporation	$	(7.4	)	$	3.7		$	0.9		$	4.8	$	(9.4	)	$	(7.4	)

	For the Three Months Ended June 28, 2014
	Cott Corporation			Cott Beverages Inc.			Cott Guarantor Subsidiaries			Cott Non-Guarantor Subsidiaries		Elimination Entries			Consolidated
Revenue, net	$	49.5		$	199.9		$	276.8		$	36.0	$	(13.0	)	$	549.2
Cost of sales		41.0			168.7			243.7			29.8		(13.0	)		470.2
Gross profit		8.5			31.2			33.1			6.2		—			79.0
Selling, general and administrative expenses		6.3			25.5			15.7			3.2		—			50.7
Gain on disposal of property, plant & equipment		—			(0.1	)		—			—		—			(0.1	)
Restructuring		0.1			—			—			—		—			0.1
Asset impairments		—			—			0.3			—		—			0.3
Acquisition and integration expenses		—			1.0			0.8			—		—			1.8
Operating income		2.1			4.8			16.3			3.0		—			26.2
Other (income) expense, net		(9.5	)		19.7			9.6			—		—			19.8
Intercompany interest (income) expense, net		—			(3.9	)		3.9			—		—			—
Interest expense (income), net		—			8.5			(0.1	)		—		—			8.4
Income (loss) before income tax (benefit) expense and equity (loss) income		11.6			(19.5	)		2.9			3.0		—			(2.0	)
Income tax (benefit) expense		(0.4	)		2.6			0.3			—		—			2.5
Equity (loss) income		(17.9	)		1.4			13.8			—		2.7			—
Net (loss) income	$	(5.9	)	$	(20.7	)	$	16.4		$	3.0	$	2.7		$	(4.5	)
Less: Net income attributable to non-controlling interests		—			—			—			1.4		—			1.4
Net (loss) income attributed to Cott Corporation	$	(5.9	)	$	(20.7	)	$	16.4		$	1.6	$	2.7		$	(5.9	)
Comprehensive income (loss) attributed to Cott Corporation	$	2.5		$	(3.6	)	$	37.6		$	0.9	$	(34.9	)	$	2.5

	For the Six Months Ended June 28, 2014
	Cott Corporation			Cott Beverages Inc.			Cott Guarantor Subsidiaries		Cott Non-Guarantor Subsidiaries		Elimination Entries			Consolidated
Revenue, net	$	86.7		$	375.0		$	519.1	$	68.3	$	(24.8	)	$	1,024.3
Cost of sales		75.2			322.7			459.5		56.5		(24.8	)		889.1
Gross profit		11.5			52.3			59.6		11.8		—			135.2
Selling, general and administrative expenses		12.8			51.2			27.4		6.2		—			97.6
Restructuring		2.0			0.2			0.1		—		—			2.3
Asset impairments		0.9			—			1.0		—		—			1.9
Acquisition and integration expenses		—			1.0			1.9		—		—			2.9
Operating (loss) income		(4.2	)		(0.1	)		29.2		5.6		—			30.5
Other (income) expense, net		(9.3	)		17.1			9.6		0.1		—			17.5
Intercompany interest (income) expense, net		—			(7.4	)		7.4		—		—			—
Interest expense, net		0.1			17.5			0.6		—		—			18.2
Income (loss) before income tax (benefit) expense and equity (loss) income		5.0			(27.3	)		11.6		5.5		—			(5.2	)
Income tax (benefit) expense		(1.4	)		2.9			0.4		0.1		—			2.0
Equity (loss) income		(16.4	)		2.7			7.0		—		6.7			—
Net (loss) income	$	(10.0	)	$	(27.5	)	$	18.2	$	5.4	$	6.7		$	(7.2	)
Less: Net income attributable to non-controlling interests		—			—			—		2.8		—			2.8
Net (loss) income attributed to Cott Corporation	$	(10.0	)	$	(27.5	)	$	18.2	$	2.6	$	6.7		$	(10.0	)
Comprehensive (loss) income attributed to Cott Corporation	$	(3.3	)	$	(6.3	)	$	53.4	$	1.8	$	(48.9	)	$	(3.3	)

Consolidating Balance Sheets

Consolidating Balance Sheets

(in millions of U.S. dollars)

Unaudited

	As of July 4, 2015
	Cott Corporation			Cott Beverages Inc.			Cott Guarantor Subsidiaries			Cott Non-Guarantor Subsidiaries			Elimination Entries			Consolidated
ASSETS
Current assets
Cash & cash equivalents	$	13.8		$	5.1		$	54.3		$	5.8		$	—		$	79.0
Accounts receivable, net of allowance		22.3			168.6			387.3			16.2			(227.8	)		366.6
Income taxes recoverable		—			0.6			0.7			—			—			1.3
Inventories		15.2			76.7			167.9			6.9			—			266.7
Prepaid expenses and other assets		3.1			17.3			18.9			0.2			—			39.5
Total current assets		54.4			268.3			629.1			29.1			(227.8	)		753.1
Property, plant & equipment, net		33.6			165.1			614.3			7.2			—			820.2
Goodwill		21.8			4.5			722.6			—			—			748.9
Intangibles and other assets, net		0.7			100.8			643.7			4.7			—			749.9
Deferred income taxes		1.2			33.8			—			0.1			(33.8	)		1.3
Other tax receivable		0.1			—			—			—			—			0.1
Due from affiliates		33.0			709.3			2.8			—			(745.1	)		—
Investments in subsidiaries		577.4			630.6			621.1			—			(1,829.1	)		—
Total assets	$	722.2		$	1,912.4		$	3,233.6		$	41.1		$	(2,835.8	)	$	3,073.5
LIABILITIES AND EQUITY
Current liabilities
Short-term borrowings	$	—		$	192.0		$	6.2		$	—		$	—		$	198.2
Current maturities of long-term debt		—			2.6			0.5			0.8			—			3.9
Accounts payable and accrued liabilities		49.9			234.2			386.2			11.4			(227.8	)		453.9
Total current liabilities		49.9			428.8			392.9			12.2			(227.8	)		656.0
Long-term debt		—			1,155.7			394.3			0.2			—			1,550.2
Deferred income taxes		—			—			135.6			—			(33.8	)		101.8
Other long-term liabilities		0.5			15.6			71.1			1.3			—			88.5
Due to affiliates		1.2			1.6			711.3			31.0			(745.1	)		—
Total liabilities		51.6			1,601.7			1,705.2			44.7			(1,006.7	)		2,396.5
Equity
Capital stock, no par		532.1			685.2			1,909.5			39.1			(2,633.8	)		532.1
Additional paid-in-capital		50.9			—			—			—			—			50.9
Retained earnings (deficit)		142.2			(368.5	)		(386.3	)		(55.5	)		810.3			142.2
Accumulated other comprehensive (loss) income		(54.6	)		(6.0	)		5.2			6.4			(5.6	)		(54.6	)
Total Cott Corporation equity		670.6			310.7			1,528.4			(10.0	)		(1,829.1	)		670.6
Non-controlling interests		—			—			—			6.4			—			6.4
Total equity		670.6			310.7			1,528.4			(3.6	)		(1,829.1	)		677.0
Total liabilities and equity	$	722.2		$	1,912.4		$	3,233.6		$	41.1		$	(2,835.8	)	$	3,073.5

Consolidating Balance Sheets

(in millions of U.S. dollars)

	As of January 3, 2015
	Cott Corporation			Cott Beverages, Inc.			Cott Guarantor Subsidiaries			Cott Non-Guarantor Subsidiaries			Elimination Entries			Consolidated
ASSETS
Current assets
Cash & cash equivalents	$	6.2		$	8.6		$	64.0		$	7.4		$	—		$	86.2
Accounts receivable, net of allowance		16.2			130.4			333.8			12.2			(186.9	)		305.7
Income taxes recoverable		—			0.6			0.6			0.4			—			1.6
Inventories		12.4			72.5			172.0			5.5			—			262.4
Prepaid expenses and other assets		3.2			39.5			16.2			0.4			—			59.3
Total current assets		38.0			251.6			586.6			25.9			(186.9	)		715.2
Property, plant & equipment, net		38.2			178.4			640.1			7.8			—			864.5
Goodwill		23.4			4.5			715.7			—			—			743.6
Intangibles and other assets, net		0.7			105.3			669.0			6.7			—			781.7
Deferred income taxes		2.5			30.5			—			—			(30.5	)		2.5
Other tax receivable		0.1			0.1			—			—			—			0.2
Due from affiliates		183.8			564.5			3.0			0.1			(751.4	)		—
Investments in subsidiaries		436.3			623.5			349.6			—			(1,409.4	)		—
Total assets	$	723.0		$	1,758.4		$	2,964.0		$	40.5		$	(2,378.2	)	$	3,107.7
LIABILITIES, PREFERRED SHARES AND EQUITY
Current liabilities
Short-term borrowings	$	—		$	229.0		$	—		$	—		$	—		$	229.0
Current maturities of long-term debt		0.1			2.5			0.5			0.9			—			4.0
Accounts payable and accrued liabilities		30.4			212.4			356.3			8.1			(186.9	)		420.3
Total current liabilities		30.5			443.9			356.8			9.0			(186.9	)		653.3
Long-term debt		—			1,157.1			407.3			0.6			—			1,565.0
Deferred income taxes		—			—			150.4			—			(30.5	)		119.9
Other long-term liabilities		0.4			5.8			64.3			1.3			—			71.8
Due to affiliates		1.3			1.7			715.5			32.9			(751.4	)		—
Total liabilities		32.2			1,608.5			1,694.3			43.8			(968.8	)		2,410.0
Convertible preferred shares		116.1			—			—			—			—			116.1
Non-convertible preferred shares		32.7			—			—			—			—			32.7
Equity
Capital stock, no par		388.3			525.7			1,595.8			39.7			(2,161.2	)		388.3
Additional paid-in-capital		46.6			—			—			—			—			46.6
Retained earnings (deficit)		158.1			(367.2	)		(330.1	)		(55.1	)		752.4			158.1
Accumulated other comprehensive (loss) income		(51.0	)		(8.6	)		4.0			5.2			(0.6	)		(51.0	)
Total Cott Corporation equity		542.0			149.9			1,269.7			(10.2	)		(1,409.4	)		542.0
Non-controlling interests		—			—			—			6.9			—			6.9
Total equity		542.0			149.9			1,269.7			(3.3	)		(1,409.4	)		548.9
Total liabilities, preferred shares and equity	$	723.0		$	1,758.4		$	2,964.0		$	40.5		$	(2,378.2	)	$	3,107.7

Consolidating Statements of Condensed Cash Flows

Consolidating Statements of Condensed Cash Flows

(in millions of U.S. dollars)

Unaudited

	For the Three Months Ended July 4, 2015
	Cott Corporation			Cott Beverages Inc.			Cott Guarantor Subsidiaries			Cott Non-Guarantor Subsidiaries			Elimination Entries			Consolidated
Operating Activities
Net income	$	16.6		$	4.4		$	8.1		$	4.4		$	(15.2	)	$	18.3
Depreciation & amortization		1.2			10.7			44.9			1.4			—			58.2
Amortization of financing fees		—			1.0			0.1			—			—			1.1
Amortization of senior notes premium		—			(1.4	)		—			—			—			(1.4	)
Share-based compensation expense		1.1			1.8			0.7			0.1			—			3.7
Increase (decrease) in deferred income taxes		0.7			(1.7	)		(4.1	)		(0.1	)		—			(5.2	)
(Gain) loss on disposal of property, plant & equipment		—			(0.7	)		0.9			—			—			0.2
Equity income, net of distributions		(13.6	)		(1.6	)		—			—			15.2			—
Intercompany dividends		2.2			1.6			8.4			—			(12.2	)		—
Other non-cash items		(6.8	)		6.3			(5.8	)		—			—			(6.3	)
Net change in operating assets and liabilities, net of acquisitions		27.9			(11.4	)		(8.7	)		(0.7	)		—			7.1
Net cash provided by operating activities		29.3			9.0			44.5			5.1			(12.2	)		75.7
Investing Activities
Acquisitions, net of cash received		—			—			(0.5	)		—			—			(0.5	)
Additions to property, plant & equipment		(0.2	)		(4.3	)		(25.0	)		(0.4	)		—			(29.9	)
Additions to intangibles and other assets		—			—			(0.1	)		—			—			(0.1	)
Proceeds from sale of property, plant & equipment and sale-leaseback		—			25.9			14.2			—			—			40.1
Net cash (used in) provided by investing activities		(0.2	)		21.6			(11.4	)		(0.4	)		—			9.6
Financing Activities
Payments of long-term debt		—			(0.9	)		—			(0.2	)		—			(1.1	)
Borrowings under ABL		—			628.1			26.0			—			—			654.1
Payments under ABL		—			(645.5	)		(28.9	)		—			—			(674.4	)
Distributions to non-controlling interests		—			—			—			(1.6	)		—			(1.6	)
Issuance of common shares		142.5			—			—			—			—			142.5
Financing fees		—			(0.2	)		—			—			—			(0.2	)
Preferred shares repurchased and cancelled		(148.8	)		—			—			—			—			(148.8	)
Dividends paid to common and preferred shareowners		(9.0	)		—			—			—			—			(9.0	)
Payment of deferred consideration for acquisitions		—			—			(2.5	)		—			—			(2.5	)
Intercompany dividends		—			(8.4	)		(2.2	)		(1.6	)		12.2			—
Net cash used in financing activities		(15.3	)		(26.9	)		(7.6	)		(3.4	)		12.2			(41.0	)
Effect of exchange rate changes on cash		(0.3	)		—			0.6			(0.1	)		—			0.2
Net increase in cash & cash equivalents		13.5			3.7			26.1			1.2			—			44.5
Cash & cash equivalents, beginning of period		0.3			1.4			28.2			4.6			—			34.5
Cash & cash equivalents, end of period	$	13.8		$	5.1		$	54.3		$	5.8		$	—		$	79.0

	For the Six Months Ended July 4, 2015
	Cott Corporation			Cott Beverages Inc.			Cott Guarantor Subsidiaries			Cott Non-Guarantor Subsidiaries			Elimination Entries			Consolidated
Operating Activities
Net income (loss)	$	14.1		$	1.1		$	(0.3	)	$	6.6		$	(4.4	)	$	17.1
Depreciation & amortization		2.4			22.2			88.2			2.8			—			115.6
Amortization of financing fees		—			2.3			0.1			—			—			2.4
Amortization of senior notes premium		—			(2.9	)		—			—			—			(2.9	)
Share-based compensation expense		1.2			3.3			1.5			0.1			—			6.1
Increase (decrease) in deferred income taxes		1.1			(6.9	)		(10.9	)		(0.2	)		—			(16.9	)
(Gain) loss on disposal of property, plant & equipment		—			(0.4	)		2.0			—			—			1.6
Equity income, net of distributions		(1.4	)		(3.0	)		—			—			4.4			—
Intercompany dividends		4.3			3.7			8.4			—			(16.4	)		—
Other non-cash items		(6.8	)		(3.9	)		(5.8	)		—			—			(16.5	)
Net change in operating assets and liabilities, net of acquisitions		18.8			10.4			(58.6	)		(2.5	)		—			(31.9	)
Net cash provided by operating activities		33.7			25.9			24.6			6.8			(16.4	)		74.6
Investing Activities
Acquisitions, net of cash received		—			—			(0.5	)		—			—			(0.5	)
Additions to property, plant & equipment		(0.5	)		(11.2	)		(45.1	)		(0.4	)		—			(57.2	)
Additions to intangibles and other assets		—			(0.3	)		(1.9	)		—			—			(2.2	)
Proceeds from sale of property, plant & equipment and sale-leaseback		—			26.3			14.2			—			—			40.5
Net cash (used in) provided by investing activities		(0.5	)		14.8			(33.3	)		(0.4	)		—			(19.4	)
Financing Activities
Payments of long-term debt		—			(1.3	)		(0.1	)		(0.5	)		—			(1.9	)
Borrowings under ABL		—			714.0			34.9			—			—			748.9
Payments under ABL		—			(748.3	)		(28.9	)		—			—			(777.2	)
Distributions to non-controlling interests		—			—			—			(3.6	)		—			(3.6	)
Issuance of common shares		142.6			—			—			—			—			142.6
Financing fees		—			(0.2	)		—			—			—			(0.2	)
Preferred shares repurchased and cancelled		(148.8	)		—			—			—			—			(148.8	)
Common shares repurchased and cancelled		(0.7	)		—			—			—			—			(0.7	)
Dividends paid to common and preferred shareowners		(18.0	)		—			—			—			—			(18.0	)
Payment of deferred consideration for acquisitions		—			—			(2.5	)		—			—			(2.5	)
Intercompany dividends		—			(8.4	)		(4.3	)		(3.7	)		16.4			—
Net cash used in financing activities		(24.9	)		(44.2	)		(0.9	)		(7.8	)		16.4			(61.4	)
Effect of exchange rate changes on cash		(0.7	)		—			(0.1	)		(0.2	)		—			(1.0	)
Net increase (decrease) cash & cash equivalents		7.6			(3.5	)		(9.7	)		(1.6	)		—			(7.2	)
Cash & cash equivalents, beginning of period		6.2			8.6			64.0			7.4			—			86.2
Cash & cash equivalents, end of period	$	13.8		$	5.1		$	54.3		$	5.8		$	—		$	79.0

	For the Three Months Ended June 28, 2014
							Cott			Cott
	Cott			Cott			Guarantor			Non-Guarantor			Elimination
	Corporation			Beverages Inc.			Subsidiaries			Subsidiaries			Entries			Consolidated
Operating Activities
Net (loss) income	$	(5.9	)	$	(20.7	)	$	16.4		$	3.0		$	2.7		$	(4.5	)
Depreciation & amortization		1.6			10.0			12.8			1.4			—			25.8
Amortization of financing fees		0.1			0.4			0.1			—			—			0.6
Share-based compensation expense		0.6			1.3			0.2			—			—			2.1
(Decrease) increase in deferred income taxes		(0.4	)		2.7			—			0.3			—			2.6
Gain on disposal of property, plant & equipment		—			(0.1	)		—			—			—			(0.1	)
Asset impairments		—			—			0.3			—			—			0.3
Write-off of financing fees and discount		—			3.0			—			—			—			3.0
Equity loss (income), net of distributions		17.9			(1.4	)		(13.8	)		—			(2.7	)		—
Intercompany dividends		15.9			2.6			9.3			—			(27.8	)		—
Other non-cash items		(0.2	)		—			(0.3	)		—			—			(0.5	)
Net change in operating assets and liabilities, net of acquisitions		(18.0	)		(77.5	)		93.2			2.5			—			0.2
Net cash provided by (used in) operating activities		11.6			(79.7	)		118.2			7.2			(27.8	)		29.5
Investing Activities
Acquisitions, net of cash received		—			—			(80.8	)		—			—			(80.8	)
Additions to property, plant & equipment		(0.3	)		(7.1	)		(4.4	)		—			—			(11.8	)
Additions to intangibles and other assets		—			(1.3	)		—			—			—			(1.3	)
Net cash used in investing activities		(0.3	)		(8.4	)		(85.2	)		—			—			(93.9	)
Financing Activities
Payments of long-term debt		(0.1	)		(296.6	)		(0.1	)		0.3			—			(296.5	)
Issuance of long-term debt		—			525.0			—			—			—			525.0
Borrowings under ABL		—			188.2			—			—			—			188.2
Payments under ABL		—			(284.3	)		—			—			—			(284.3	)
Distributions to non-controlling interests		—			—			—			(2.5	)		—			(2.5	)
Financing fees		—			(7.9	)		—			—			—			(7.9	)
Common shares repurchased and cancelled		(2.7	)		—			—			—			—			(2.7	)
Dividends paid to shareholders		(5.7	)		—			—			—			—			(5.7	)
Intercompany dividends		—			(9.3	)		(15.9	)		(2.6	)		27.8			—
Net cash (used in) provided by financing activities		(8.5	)		115.1			(16.0	)		(4.8	)		27.8			113.6
Effect of exchange rate changes on cash		0.4			—			0.7			—			—			1.1
Net increase in cash & cash equivalents		3.2			27.0			17.7			2.4			—			50.3
Cash & cash equivalents, beginning of period		4.0			5.9			26.4			4.3			—			40.6
Cash & cash equivalents, end of period	$	7.2		$	32.9		$	44.1		$	6.7		$	—		$	90.9

	For the Six Months Ended June 28, 2014
							Cott			Cott
	Cott			Cott			Guarantor			Non-Guarantor			Elimination
	Corporation			Beverages Inc.			Subsidiaries			Subsidiaries			Entries			Consolidated
Operating Activities
Net (loss) income	$	(10.0	)	$	(27.5	)	$	18.2		$	5.4		$	6.7		$	(7.2	)
Depreciation & amortization		3.1			20.0			24.9			2.9			—			50.9
Amortization of financing fees		0.1			1.0			0.1			—			—			1.2
Share-based compensation expense		0.8			2.3			0.3			—			—			3.4
(Decrease) increase in deferred income taxes		(1.3	)		2.6			0.6			—			—			1.9
Asset impairments		0.9			—			1.0			—			—			1.9
Write-off of financing fees and discount		—			3.3			—			—			—			3.3
Equity loss (income), net of distributions		16.4			(2.7	)		(7.0	)		—			(6.7	)		—
Intercompany dividends		18.2			5.0			9.3			—			(32.5	)		—
Other non-cash items		(0.2	)		(0.2	)		(0.3	)		—			—			(0.7	)
Net change in operating assets and liabilities, net of acquisitions		(7.7	)		(136.4	)		63.7			2.7			—			(77.7	)
Net cash provided by (used in) operating activities		20.3			(132.6	)		110.8			11.0			(32.5	)		(23.0	)
Investing Activities
Acquisitions, net of cash received		—			—			(80.8	)		—			—			(80.8	)
Additions to property, plant & equipment		(0.9	)		(12.2	)		(7.5	)		—			—			(20.6	)
Additions to intangibles and other assets		—			(2.8	)		—			—			—			(2.8	)
Net cash used in investing activities		(0.9	)		(15.0	)		(88.3	)		—			—			(104.2	)
Financing Activities
Payments of long-term debt		(0.1	)		(312.2	)		(0.2	)		—			—			(312.5	)
Issuance of long-term debt		—			525.0			—			—			—			525.0
Borrowings under ABL		—			283.2			—			—			—			283.2
Payments under ABL		—			(299.4	)		—			—			—			(299.4	)
Distributions to non-controlling interests		—			—			—			(4.8	)		—			(4.8	)
Financing fees		—			(7.9	)		—			—			—			(7.9	)
Common shares repurchased and cancelled		(3.1	)		—			—			—			—			(3.1	)
Dividends paid to shareholders		(10.8	)		—			—			—			—			(10.8	)
Intercompany dividends		—			(9.3	)		(18.2	)		(5.0	)		32.5			—
Net cash (used in) provided by financing activities		(14.0	)		179.4			(18.4	)		(9.8	)		32.5			169.7
Effect of exchange rate changes on cash		0.3			—			0.9			—			—			1.2
Net increase in cash & cash equivalents		5.7			31.8			5.0			1.2			—			43.7
Cash & cash equivalents, beginning of period		1.5			1.1			39.1			5.5			—			47.2
Cash & cash equivalents, end of period	$	7.2		$	32.9		$	44.1		$	6.7		$	—		$	90.9