Guarantor Subsidiaries (Tables)

9 Months Ended

Oct. 01, 2016

DSS Group Inc [Member]

Condensed Consolidating Statements of Operations

Condensed Consolidating Statements of Operations

(in millions of U.S. dollars)

Unaudited

	For the Three Months Ended October 1, 2016
							DSS			DSS
	Cott			DS Services of			Guarantor			Non-Guarantor			Elimination
	Corporation			America, Inc.			Subsidiaries			Subsidiaries			Entries			Consolidated
Revenue, net	$	42.9		$	262.2		$	495.8		$	99.8		$	(15.6	)	$	885.1
Cost of sales		35.2			101.2			409.9			48.6			(15.6	)		579.3
Gross profit		7.7			161.0			85.9			51.2			—			305.8
Selling, general and administrative expenses		6.3			143.9			69.1			43.7			—			263.0
(Gain) loss on disposal of property, plant & equipment, net		(0.8	)		1.6			—			—			—			0.8
Acquisition and integration expenses		—			(1.4	)		7.4			1.4			—			7.4
Operating income		2.2			16.9			9.4			6.1			—			34.6
Other (income) expense, net		(2.4	)		(0.3	)		(1.6	)		1.1			—			(3.2	)
Intercompany interest expense (income), net		—			10.8			(10.8	)		—			—			—
Interest expense (income), net		7.4			7.4			19.8			(0.2	)		—			34.4
(Loss) income before income tax expense (benefit) and equity income		(2.8	)		(1.0	)		2.0			5.2			—			3.4
Income tax expense (benefit)		8.6			(0.2	)		(3.0	)		0.4			—			5.8
Equity income		7.5			—			1.7			—			(9.2	)		—
Net (loss) income	$	(3.9	)	$	(0.8	)	$	6.7		$	4.8		$	(9.2	)	$	(2.4	)
Less: Net income attributable to non-controlling interests		—			—			—			1.5			—			1.5
Net (loss) income attributed to Cott Corporation	$	(3.9	)	$	(0.8	)	$	6.7		$	3.3		$	(9.2	)	$	(3.9	)
Comprehensive (loss) income attributed to Cott Corporation	$	(9.1	)	$	(0.8	)	$	110.3		$	7.2		$	(116.7	)	$	(9.1	)

Condensed Consolidating Statements of Operations

(in millions of U.S. dollars)

Unaudited

	For the Nine Months Ended October 1, 2016
							DSS			DSS
	Cott			DS Services of			Guarantor			Non-Guarantor			Elimination
	Corporation			America, Inc.			Subsidiaries			Subsidiaries			Entries			Consolidated
Revenue, net	$	124.9		$	764.3		$	1,339.9		$	163.5		$	(44.1	)	$	2,348.5
Cost of sales		103.8			297.5			1,118.7			100.2			(44.1	)		1,576.1
Gross profit		21.1			466.8			221.2			63.3			—			772.4
Selling, general and administrative expenses		28.6			422.3			161.8			49.4			—			662.1
(Gain) loss on disposal of property, plant & equipment, net		(0.8	)		4.8			(0.1	)		—			—			3.9
Acquisition and integration expenses		—			0.6			18.5			1.4			—			20.5
Operating (loss) income		(6.7	)		39.1			41.0			12.5			—			85.9
Other (income) expense, net		(2.2	)		(1.6	)		0.2			1.2			—			(2.4	)
Intercompany interest expense (income), net		—			32.4			(32.4	)		—			—			—
Interest expense (income), net		7.8			22.0			59.6			(0.2	)		—			89.2
(Loss) income before income tax expense (benefit) and equity income		(12.3	)		(13.7	)		13.6			11.5			—			(0.9	)
Income tax expense (benefit)		8.6			(4.8	)		(9.8	)		0.5			—			(5.5	)
Equity income		21.1			—			5.0			—			(26.1	)		—
Net income (loss)	$	0.2		$	(8.9	)	$	28.4		$	11.0		$	(26.1	)	$	4.6
Less: Net income attributable to non-controlling interests		—			—			—			4.4			—			4.4
Net income (loss) attributed to Cott Corporation	$	0.2		$	(8.9	)	$	28.4		$	6.6		$	(26.1	)	$	0.2
Comprehensive (loss) income attributed to Cott Corporation	$	(19.6	)	$	(8.9	)	$	216.5		$	10.6		$	(218.2	)	$	(19.6	)

Condensed Consolidating Statements of Operations

(in millions of U.S. dollars)

Unaudited

	For the Three Months Ended October 3, 2015
							DSS			DSS
	Cott			DS Services of			Guarantor			Non-Guarantor			Elimination
	Corporation			America, Inc.			Subsidiaries			Subsidiaries			Entries			Consolidated
Revenue, net	$	37.0		$	268.1		$	431.3		$	33.3		$	(14.1	)	$	755.6
Cost of sales		31.4			104.3			375.2			26.3			(14.1	)		523.1
Gross profit		5.6			163.8			56.1			7.0			—			232.5
Selling, general and administrative expenses		6.0			142.5			44.2			3.5			—			196.2
Loss on disposal of property, plant & equipment		—			0.9			0.2			—			—			1.1
Acquisition and integration expenses		—			6.4			0.2			—			—			6.6
Operating (loss) income		(0.4	)		14.0			11.5			3.5			—			28.6
Other expense (income), net		0.8			(0.6	)		0.3			0.1			—			0.6
Intercompany interest expense (income), net		—			10.8			(10.8	)		—			—			—
Interest expense, net		—			7.4			20.0			—			—			27.4
(Loss) income before income tax benefit and equity income		(1.2	)		(3.6	)		2.0			3.4			—			0.6
Income tax benefit		(0.2	)		(1.2	)		(4.3	)		(0.1	)		—			(5.8	)
Equity income		5.8			—			1.0			—			(6.8	)		—
Net income (loss)	$	4.8		$	(2.4	)	$	7.3		$	3.5		$	(6.8	)	$	6.4
Less: Net income attributable to non-controlling interests		—			—			—			1.6			—			1.6
Net income (loss) attributed to Cott Corporation	$	4.8		$	(2.4	)	$	7.3		$	1.9		$	(6.8	)	$	4.8
Comprehensive (loss) income attributed to Cott Corporation	$	(8.9	)	$	(2.4	)	$	(19.8	)	$	3.9		$	18.3		$	(8.9	)

Condensed Consolidating Statements of Operations

(in millions of U.S. dollars)

Unaudited

	For the Nine Months Ended October 3, 2015
							DSS			DSS
	Cott			DS Services of			Guarantor			Non-Guarantor		Elimination
	Corporation			America, Inc.			Subsidiaries			Subsidiaries		Entries			Consolidated
Revenue, net	$	113.9		$	765.4		$	1,307.1		$	103.0	$	(44.2	)	$	2,245.2
Cost of sales		96.8			305.5			1,129.6			83.1		(44.2	)		1,570.8
Gross profit		17.1			459.9			177.5			19.9		—			674.4
Selling, general and administrative expenses		16.4			418.8			130.1			9.6		—			574.9
Loss (gain) on disposal of property, plant & equipment		—			2.9			(0.2	)		—		—			2.7
Acquisition and integration expenses		—			12.5			2.9			—		—			15.4
Operating income		0.7			25.7			44.7			10.3		—			81.4
Other (income) expense, net		(9.0	)		(1.0	)		1.1			0.1		—			(8.8	)
Intercompany interest (income) expense, net		(4.9	)		32.7			(27.8	)		—		—			—
Interest expense, net		0.1			22.2			60.7			—		—			83.0
Income (loss) before income tax expense (benefit) and equity income		14.5			(28.2	)		10.7			10.2		—			7.2
Income tax expense (benefit)		2.8			(10.2	)		(9.0	)		0.1		—			(16.3	)
Equity income		7.2			—			4.0			—		(11.2	)		—
Net income (loss)	$	18.9		$	(18.0	)	$	23.7		$	10.1	$	(11.2	)	$	23.5
Less: Net income attributable to non-controlling interests		—			—			—			4.6		—			4.6
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 income (loss) attributed to Cott Corporation	$	1.0		$	(18.0	)	$	23.7		$	5.5	$	(11.2	)	$	1.0
Comprehensive (loss) income attributed to Cott Corporation	$	(16.3	)	$	(18.0	)	$	23.7		$	8.7	$	(14.4	)	$	(16.3	)

Consolidating Balance Sheets

Consolidating Balance Sheets

(in millions of U.S. dollars)

Unaudited

	As of October 1, 2016
							DSS			DSS
	Cott			DS Services of			Guarantor			Non-Guarantor			Elimination
	Corporation			America, Inc.			Subsidiaries			Subsidiaries			Entries			Consolidated
ASSETS
Current assets
Cash & cash equivalents	$	1.3		$	35.4		$	40.3		$	41.9		$	—		$	118.9
Accounts receivable, net of allowance		24.5			121.4			281.6			112.6			(76.8	)		463.3
Income taxes recoverable		0.1			0.7			0.1			0.3			(0.6	)		0.6
Inventories		14.3			28.8			249.4			27.6			—			320.1
Prepaid expenses and other assets		1.0			10.2			15.9			6.8			—			33.9
Total current assets		41.2			196.5			587.3			189.2			(77.4	)		936.8
Property, plant & equipment, net		29.0			377.3			440.4			104.7			—			951.4
Goodwill		20.8			581.6			303.8			280.5			—			1,186.7
Intangibles and other assets, net		11.6			379.1			402.9			226.3			—			1,019.9
Deferred tax assets		—			—			47.4			19.6			(47.4	)		19.6
Due from affiliates		992.6			—			544.3			—			(1,536.9	)		—
Investments in subsidiaries		446.7			—			400.1			—			(846.8	)		—
Total assets	$	1,541.9		$	1,534.5		$	2,726.2		$	820.3		$	(2,508.5	)	$	4,114.4
LIABILITIES AND EQUITY
Current liabilities
Short-term borrowings	$	—		$	—		$	264.1		$	—		$	—		$	264.1
Current maturities of long-term debt		—			—			3.0			2.0			—			5.0
Accounts payable and accrued liabilities		63.6			158.1			321.6			132.8			(77.4	)		598.7
Total current liabilities		63.6			158.1			588.7			134.8			(77.4	)		867.8
Long-term debt		504.5			385.7			1,126.0			2.9			—			2,019.1
Deferred tax liabilities		1.0			92.9			67.1			55.8			(47.4	)		169.4
Other long-term liabilities		0.5			36.4			36.7			8.2			—			81.8
Due to affiliates		1.1			543.3			471.3			521.2			(1,536.9	)		—
Total liabilities		570.7			1,216.4			2,289.8			722.9			(1,661.7	)		3,138.1
Equity
Common shares, no par		907.4			355.4			645.5			149.7			(1,150.6	)		907.4
Additional paid-in-capital		53.1			—			—			—			—			53.1
Retained earnings (deficit)		106.7			(37.1	)		(411.5	)		(70.4	)		519.0			106.7
Accumulated other comprehensive (loss) income		(96.0	)		(0.2	)		202.4			13.0			(215.2	)		(96.0	)
Total Cott Corporation equity		971.2			318.1			436.4			92.3			(846.8	)		971.2
Non-controlling interests		—			—			—			5.1			—			5.1
Total equity		971.2			318.1			436.4			97.4			(846.8	)		976.3
Total liabilities and equity	$	1,541.9		$	1,534.5		$	2,726.2		$	820.3		$	(2,508.5	)	$	4,114.4

Consolidating Balance Sheets

(in millions of U.S. dollars)

	As of January 2, 2016
							DSS			DSS
	Cott			DS Services of			Guarantor			Non-Guarantor			Elimination
	Corporation			America, Inc.			Subsidiaries			Subsidiaries			Entries			Consolidated
ASSETS
Current assets
Cash & cash equivalents	$	20.8		$	12.8		$	38.4		$	5.1		$	—		$	77.1
Accounts receivable, net of allowance		18.3			122.6			184.6			13.0			(45.2	)		293.3
Income taxes recoverable		—			0.5			0.9			0.2			—			1.6
Inventories		13.0			31.4			199.4			5.6			—			249.4
Prepaid expenses and other assets		2.2			4.8			10.0			0.2			—			17.2
Total current assets		54.3			172.1			433.3			24.1			(45.2	)		638.6
Property, plant & equipment, net		29.7			372.6			360.8			6.7			—			769.8
Goodwill		19.8			579.1			160.7			—			—			759.6
Intangibles and other assets, net		0.8			402.5			305.6			2.8			—			711.7
Deferred tax assets		7.4			—			38.2			0.2			(38.2	)		7.6
Due from affiliates		400.1			—			544.3			—			(944.4	)		—
Investments in subsidiaries		176.3			—			400.0			—			(576.3	)		—
Total assets	$	688.4		$	1,526.3		$	2,242.9		$	33.8		$	(1,604.1	)	$	2,887.3
LIABILITIES AND EQUITY
Current liabilities
Short-term borrowings	$	—		$	—		$	122.0		$	—		$	—		$	122.0
Current maturities of long-term debt		—			—			3.0			0.4			—			3.4
Accounts payable and accrued liabilities		47.6			131.8			295.1			8.3			(45.2	)		437.6
Total current liabilities		47.6			131.8			420.1			8.7			(45.2	)		563.0
Long-term debt		—			390.1			1,135.3			—			—			1,525.4
Deferred tax liabilities		—			97.7			17.0			—			(38.2	)		76.5
Other long-term liabilities		0.5			36.2			38.7			1.1			—			76.5
Due to affiliates		1.0			543.3			371.9			28.2			(944.4	)		—
Total liabilities		49.1			1,199.1			1,983.0			38.0			(1,027.8	)		2,241.4
Equity
Common shares, no par		534.7			355.5			683.1			38.6			(1,077.2	)		534.7
Additional paid-in-capital		51.2			—			—			—			—			51.2
Retained earnings (deficit)		129.6			(28.1	)		(437.5	)		(58.4	)		524.0			129.6
Accumulated other comprehensive (loss) income		(76.2	)		(0.2	)		14.3			9.0			(23.1	)		(76.2	)
Total Cott Corporation equity		639.3			327.2			259.9			(10.8	)		(576.3	)		639.3
Non-controlling interests		—			—			—			6.6			—			6.6
Total equity		639.3			327.2			259.9			(4.2	)		(576.3	)		645.9
Total liabilities and equity	$	688.4		$	1,526.3		$	2,242.9		$	33.8		$	(1,604.1	)	$	2,887.3

Consolidating Statements of Condensed Cash Flows

Consolidating Statements of Condensed Cash Flows

(in millions of U.S. dollars)

Unaudited

	For the Three Months Ended October 1, 2016
							DSS			DSS
	Cott			DS Services of			Guarantor			Non-Guarantor			Elimination
	Corporation			America, Inc.			Subsidiaries			Subsidiaries			Entries			Consolidated
Net cash provided by (used in) operating activities	$	250.7		$	32.8		$	(233.2	)	$	57.8		$	(16.5	)	$	91.6
Investing Activities
Acquisitions, net of cash received		(911.3	)		(1.2	)		—			—			—			(912.5	)
Additions to property, plant & equipment		(0.4	)		(21.5	)		(12.4	)		(4.4	)		—			(38.7	)
Additions to intangibles and other assets		—			(1.2	)		(0.5	)		—			—			(1.7	)
Proceeds from sale of property, plant & equipment		0.8			0.1			0.3			0.4			—			1.6
Proceeds from insurance recoveries		—			—			1.4			—			—			1.4
Decrease in restricted cash		2.8			—			—			—			—			2.8
Net cash used in investing activities		(908.1	)		(23.8	)		(11.2	)		(4.0	)		—			(947.1	)
Financing Activities
Payments of long-term debt		—			—			(1.2	)		(0.6	)		—			(1.8	)
Issue of long-term debt		498.7			—			—			—			—			498.7
Borrowings under ABL		—			—			814.5			—			—			814.5
Payments under ABL		—			—			(550.6	)		—			—			(550.6	)
Distributions to non-controlling interests		—			—			—			(2.7	)		—			(2.7	)
Issuance of common shares		2.4			—			—			—			—			2.4
Financing fees		(11.9	)		—			—			—			—			(11.9	)
Common shares repurchased and cancelled		(3.4	)		—			—			—			—			(3.4	)
Dividends paid to common shareowners		(8.4	)		—			—			—			—			(8.4	)
Payment of deferred consideration for acquisitions		—			—			(10.8	)		—			—			(10.8	)
Intercompany dividends		—			—			—			(16.5	)		16.5			—
Net cash provided by (used in) financing activities		477.4			—			251.9			(19.8	)		16.5			726.0
Effect of exchange rate changes on cash		(1.3	)		—			(0.4	)		0.6			—			(1.1	)
Net (decrease) increase in cash & cash equivalents		(181.3	)		9.0			7.1			34.6			—			(130.6	)
Cash & cash equivalents, beginning of period		182.6			26.4			33.2			7.3			—			249.5
Cash & cash equivalents, end of period	$	1.3		$	35.4		$	40.3		$	41.9		$	—		$	118.9

Consolidating Statements of Condensed Cash Flows

(in millions of U.S. dollars)

Unaudited

	For the Nine Months Ended October 1, 2016
							DSS			DSS
	Cott			DS Services of			Guarantor			Non-Guarantor			Elimination
	Corporation			America, Inc.			Subsidiaries			Subsidiaries			Entries			Consolidated
Net cash provided by (used in) operating activities	$	113.6		$	88.5		$	(76.3	)	$	67.7		$	(33.0	)	$	160.5
Investing Activities
Acquisitions, net of cash received		(954.0	)		(4.7	)		—			—			—			(958.7	)
Additions to property, plant & equipment		(1.3	)		(59.1	)		(36.0	)		(5.0	)		—			(101.4	)
Additions to intangibles and other assets		(0.1	)		(2.3	)		(2.6	)		—			—			(5.0	)
Proceeds from sale of property, plant & equipment		0.8			0.2			3.1			0.4			—			4.5
Proceeds from insurance recoveries		—			—			1.4			—			—			1.4
Net cash used in investing activities		(954.6	)		(65.9	)		(34.1	)		(4.6	)		—			(1,059.2	)
Financing Activities
Payments of long-term debt		—			—			(2.5	)		(0.8	)		—			(3.3	)
Issue of long-term debt		498.7			—			—			—			—			498.7
Borrowings under ABL		144.8			—			1,290.8			—			—			1,435.6
Payments under ABL		(147.7	)		—			(1,148.9	)		—			—			(1,296.6	)
Distributions to non-controlling interests		—			—			—			(6.0	)		—			(6.0	)
Issuance of common shares		366.6			—			—			—			—			366.6
Financing fees		(11.9	)		—			—			—			—			(11.9	)
Common shares repurchased and cancelled		(4.5	)		—			—			—			—			(4.5	)
Dividends paid to common shareowners		(23.1	)		—			—			—			—			(23.1	)
Payment of deferred consideration for acquisitions		—			—			(10.8	)		—			—			(10.8	)
Intercompany dividends		—			—			(13.0	)		(20.0	)		33.0			—
Net cash provided by (used in) financing activities		822.9			—			115.6			(26.8	)		33.0			944.7
Effect of exchange rate changes on cash		(1.4	)		—			(3.3	)		0.5			—			(4.2	)
Net (decrease) increase in cash & cash equivalents		(19.5	)		22.6			1.9			36.8			—			41.8
Cash & cash equivalents, beginning of period		20.8			12.8			38.4			5.1			—			77.1
Cash & cash equivalents, end of period	$	1.3		$	35.4		$	40.3		$	41.9		$	—		$	118.9

Consolidating Statements of Condensed Cash Flows

(in millions of U.S. dollars)

Unaudited

	For the Three Months Ended October 3, 2015
							DSS			DSS
	Cott			DS Services of			Guarantor			Non-Guarantor			Elimination
	Corporation			America, Inc.			Subsidiaries			Subsidiaries			Entries			Consolidated
Net cash (used in) provided by operating activities	$	(4.4	)	$	32.2		$	58.6		$	8.9		$	(3.5	)	$	91.8
Investing Activities
Acquisition, net of cash received		—			(22.0	)		—			—			—			(22.0	)
Additions to property, plant & equipment		(0.5	)		(18.5	)		(8.7	)		(0.6	)		—			(28.3	)
Additions to intangibles and other assets		—			—			(0.5	)		—			—			(0.5	)
Proceeds from sale of property, plant & equipment and sale-leaseback		—			0.3			0.1			—			—			0.4
Net cash used in investing activities		(0.5	)		(40.2	)		(9.1	)		(0.6	)		—			(50.4	)
Financing Activities
Payments of long-term debt		(0.1	)		—			(0.8	)		(0.1	)		—			(1.0	)
Borrowings under ABL		—			—			52.4			—			—			52.4
Payments under ABL		—			—			(97.3	)		—			—			(97.3	)
Distributions to non-controlling interests		—			—			—			(3.2	)		—			(3.2	)
Issuance of common shares		0.5			—			—			—			—			0.5
Financing fees		—			—			(0.1	)		—			—			(0.1	)
Common shares repurchased and cancelled		(0.1	)		—			—			—			—			(0.1	)
Dividends paid to common and preferred shareowners		(6.5	)		—			—			—			—			(6.5	)
Intercompany dividends		—			—			(0.2	)		(3.3	)		3.5			—
Net cash used in financing activities		(6.2	)		—			(46.0	)		(6.6	)		3.5			(55.3	)
Effect of exchange rate changes on cash		(0.7	)		—			(0.6	)		(0.1	)		—			(1.4	)
Net (decrease) increase in cash & cash equivalents		(11.8	)		(8.0	)		2.9			1.6			—			(15.3	)
Cash & cash equivalents, beginning of period		13.8			28.6			30.8			5.8			—			79.0
Cash & cash equivalents, end of period	$	2.0		$	20.6		$	33.7		$	7.4		$	—		$	63.7

Consolidating Statements of Condensed Cash Flows

(in millions of U.S. dollars)

Unaudited

	For the Nine Months Ended October 3, 2015
							DSS			DSS
	Cott			DS Services of			Guarantor			Non-Guarantor			Elimination
	Corporation			America, Inc.			Subsidiaries			Subsidiaries			Entries			Consolidated
Net cash provided by operating activities	$	29.3		$	53.4		$	79.5		$	15.7		$	(11.5	)	$	166.4
Investing Activities
Acquisition, net of cash received		—			(22.5	)		—			—			—			(22.5	)
Additions to property, plant & equipment		(1.0	)		(57.3	)		(26.2	)		(1.0	)		—			(85.5	)
Additions to intangibles and other assets		—			(1.9	)		(0.8	)		—			—			(2.7	)
Proceeds from sale of property, plant & equipment and sale-leaseback		—			14.5			26.4			—			—			40.9
Net cash used in investing activities		(1.0	)		(67.2	)		(0.6	)		(1.0	)		—			(69.8	)
Financing Activities
Payments of long-term debt		(0.1	)		—			(2.2	)		(0.6	)		—			(2.9	)
Borrowings under ABL		—			—			801.3			—			—			801.3
Payments under ABL		—			—			(874.5	)		—			—			(874.5	)
Distributions to non-controlling interests		—			—			—			(6.8	)		—			(6.8	)
Issuance of common shares		143.1			—			—			—			—			143.1
Financing fees		—			—			(0.3	)		—			—			(0.3	)
Preferred shares repurchased and cancelled		(148.8	)		—			—			—			—			(148.8	)
Common shares repurchased and cancelled		(0.8	)		—			—			—			—			(0.8	)
Dividends paid to common and preferred shareowners		(24.5	)		—			—			—			—			(24.5	)
Payment of deferred consideration for acquisitions		—			—			(2.5	)		—			—			(2.5	)
Intercompany dividends		—			—			(4.5	)		(7.0	)		11.5			—
Net cash used in financing activities		(31.1	)		—			(82.7	)		(14.4	)		11.5			(116.7	)
Effect of exchange rate changes on cash		(1.4	)		—			(0.7	)		(0.3	)		—			(2.4	)
Net decrease in cash & cash equivalents		(4.2	)		(13.8	)		(4.5	)		0.0			—			(22.5	)
Cash & cash equivalents, beginning of period		6.2			34.4			38.2			7.4			—			86.2
Cash & cash equivalents, end of period	$	2.0		$	20.6		$	33.7		$	7.4		$	—		$	63.7

Cott Beverages Inc. [Member]

Condensed Consolidating Statements of Operations

Condensed Consolidating Statements of Operations

(in millions of U.S. dollars)

Unaudited

	For the Three Months Ended October 1, 2016
							Cott			Cott
	Cott			Cott			Guarantor			Non-Guarantor			Elimination
	Corporation			Beverages Inc.			Subsidiaries			Subsidiaries			Entries			Consolidated
Revenue, net	$	42.9		$	179.7		$	578.3		$	99.8		$	(15.6	)	$	885.1
Cost of sales		35.2			150.3			360.8			48.6			(15.6	)		579.3
Gross profit		7.7			29.4			217.5			51.2			—			305.8
Selling, general and administrative expenses		6.3			22.4			190.6			43.7			—			263.0
(Gain) loss on disposal of property, plant & equipment, net		(0.8	)		0.1			1.5			—			—			0.8
Acquisition and integration expenses		—			3.2			2.8			1.4			—			7.4
Operating income		2.2			3.7			22.6			6.1			—			34.6
Other (income) expense, net		(2.4	)		(1.2	)		(0.7	)		1.1			—			(3.2	)
Intercompany interest (income) expense, net		—			(10.7	)		10.7			—			—			—
Interest expense (income), net		7.4			19.7			7.5			(0.2	)		—			34.4
(Loss) income before income tax expense (benefit) and equity income		(2.8	)		(4.1	)		5.1			5.2			—			3.4
Income tax expense (benefit)		8.6			(3.2	)		—			0.4			—			5.8
Equity income		7.5			1.6			0.1			—			(9.2	)		—
Net (loss) income	$	(3.9	)	$	0.7		$	5.2		$	4.8		$	(9.2	)	$	(2.4	)
Less: Net income attributable to non-controlling interests		—			—			—			1.5			—			1.5
Net (loss) income attributed to Cott Corporation	$	(3.9	)	$	0.7		$	5.2		$	3.3		$	(9.2	)	$	(3.9	)
Comprehensive (loss) income attributed to Cott Corporation	$	(9.1	)	$	0.1		$	109.4		$	7.2		$	(116.7	)	$	(9.1	)

Condensed Consolidating Statements of Operations

(in millions of U.S. dollars)

Unaudited

	For the Nine Months Ended October 1, 2016
							Cott			Cott
	Cott			Cott			Guarantor			Non-Guarantor			Elimination
	Corporation			Beverages Inc.			Subsidiaries			Subsidiaries			Entries			Consolidated
Revenue, net	$	124.9		$	539.9		$	1,564.3		$	163.5		$	(44.1	)	$	2,348.5
Cost of sales		103.8			454.6			961.6			100.2			(44.1	)		1,576.1
Gross profit		21.1			85.3			602.7			63.3			—			772.4
Selling, general and administrative expenses		28.6			66.3			517.8			49.4			—			662.1
(Gain) loss on disposal of property, plant & equipment, net		(0.8	)		0.6			4.1			—			—			3.9
Acquisition and integration expenses		—			14.2			4.9			1.4			—			20.5
Operating (loss) income		(6.7	)		4.2			75.9			12.5			—			85.9
Other (income) expense, net		(2.2	)		(1.2	)		(0.2	)		1.2			—			(2.4	)
Intercompany interest (income) expense, net		—			(33.4	)		33.4			—			—			—
Interest expense (income), net		7.8			59.3			22.3			(0.2	)		—			89.2
(Loss) income before income tax expense (benefit) and equity income		(12.3	)		(20.5	)		20.4			11.5			—			(0.9	)
Income tax expense (benefit)		8.6			(10.4	)		(4.2	)		0.5			—			(5.5	)
Equity income		21.1			4.6			0.4			—			(26.1	)		—
Net income (loss)	$	0.2		$	(5.5	)	$	25.0		$	11.0		$	(26.1	)	$	4.6
Less: Net income attributable to non-controlling interests		—			—			—			4.4			—			4.4
Net income (loss) attributed to Cott Corporation	$	0.2		$	(5.5	)	$	25.0		$	6.6		$	(26.1	)	$	0.2
Comprehensive (loss) income attributed to Cott Corporation	$	(19.6	)	$	(7.4	)	$	215.0		$	10.6		$	(218.2	)	$	(19.6	)

Condensed Consolidating Statements of Operations

(in millions of U.S. dollars)

Unaudited

	For the Three Months Ended October 3, 2015
							Cott			Cott
	Cott			Cott			Guarantor			Non-Guarantor			Elimination
	Corporation			Beverages Inc.			Subsidiaries			Subsidiaries			Entries			Consolidated
Revenue, net	$	37.0		$	182.1		$	517.3		$	33.3		$	(14.1	)	$	755.6
Cost of sales		31.4			156.3			323.2			26.3			(14.1	)		523.1
Gross profit		5.6			25.8			194.1			7.0			—			232.5
Selling, general and administrative expenses		6.0			23.8			162.9			3.5			—			196.2
Loss on disposal of property, plant & equipment		—			0.2			0.9			—			—			1.1
Acquisition and integration expenses		—			0.2			6.4			—			—			6.6
Operating (loss) income		(0.4	)		1.6			23.9			3.5			—			28.6
Other expense (income), net		0.8			(0.1	)		(0.2	)		0.1			—			0.6
Intercompany interest (income) expense, net		—			(14.1	)		14.1			—			—			—
Interest expense, net		—			19.8			7.6			—			—			27.4
(Loss) income before income tax benefit and equity income (loss)		(1.2	)		(4.0	)		2.4			3.4			—			0.6
Income tax benefit		(0.2	)		(4.2	)		(1.3	)		(0.1	)		—			(5.8	)
Equity income (loss)		5.8			1.6			(0.6	)		—			(6.8	)		—
Net income	$	4.8		$	1.8		$	3.1		$	3.5		$	(6.8	)	$	6.4
Less: Net income attributable to non-controlling interests		—			—			—			1.6			—			1.6
Net income attributed to Cott Corporation	$	4.8		$	1.8		$	3.1		$	1.9		$	(6.8	)	$	4.8
Comprehensive (loss) income attributed to Cott Corporation	$	(8.9	)	$	(7.8	)	$	8.9		$	3.9		$	(5.0	)	$	(8.9	)

Condensed Consolidating Statements of Operations

(in millions of U.S. dollars)

Unaudited

	For the Nine Months Ended October 3, 2015
							Cott			Cott
	Cott			Cott			Guarantor			Non-Guarantor		Elimination
	Corporation			Beverages Inc.			Subsidiaries			Subsidiaries		Entries			Consolidated
Revenue, net	$	113.9		$	549.2		$	1,523.3		$	103.0	$	(44.2	)	$	2,245.2
Cost of sales		96.8			467.0			968.1			83.1		(44.2	)		1,570.8
Gross profit		17.1			82.2			555.2			19.9		—			674.4
Selling, general and administrative expenses		16.4			72.2			476.7			9.6		—			574.9
(Gain) loss on disposal of property, plant & equipment		—			(0.2	)		2.9			—		—			2.7
Acquisition and integration expenses		—			2.2			13.2			—		—			15.4
Operating income		0.7			8.0			62.4			10.3		—			81.4
Other (income) expense, net		(9.0	)		(0.1	)		0.2			0.1		—			(8.8	)
Intercompany interest (income) expense, net		(4.9	)		(39.6	)		44.5			—		—			—
Interest expense, net		0.1			60.1			22.8			—		—			83.0
Income (loss) before income tax expense (benefit) and equity income (loss)		14.5			(12.4	)		(5.1	)		10.2		—			7.2
Income tax expense (benefit)		2.8			(10.7	)		(8.5	)		0.1		—			(16.3	)
Equity income (loss)		7.2			4.6			(0.6	)		—		(11.2	)		—
Net income	$	18.9		$	2.9		$	2.8		$	10.1	$	(11.2	)	$	23.5
Less: Net income attributable to non-controlling interests		—			—			—			4.6		—			4.6
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 income attributed to Cott Corporation	$	1.0		$	2.9		$	2.8		$	5.5	$	(11.2	)	$	1.0
Comprehensive (loss) income attributed to Cott Corporation	$	(16.3	)	$	(4.1	)	$	9.8		$	8.7	$	(14.4	)	$	(16.3	)

Consolidating Balance Sheets

Consolidating Balance Sheets

(in millions of U.S. dollars)

Unaudited

	As of October 1, 2016
							Cott		Cott
	Cott			Cott			Guarantor		Non-Guarantor			Elimination
	Corporation			Beverages Inc.			Subsidiaries		Subsidiaries			Entries			Consolidated
ASSETS
Current assets
Cash & cash equivalents	$	1.3		$	2.2		$	73.5	$	41.9		$	—		$	118.9
Accounts receivable, net of allowance		24.5			93.4			438.0		112.6			(205.2	)		463.3
Income taxes recoverable		0.1			—			0.8		0.3			(0.6	)		0.6
Inventories		14.3			77.2			201.0		27.6			—			320.1
Prepaid expenses and other assets		1.0			7.2			18.9		6.8			—			33.9
Total current assets		41.2			180.0			732.2		189.2			(205.8	)		936.8
Property, plant & equipment, net		29.0			155.4			662.3		104.7			—			951.4
Goodwill		20.8			4.5			880.9		280.5			—			1,186.7
Intangibles and other assets, net		11.6			74.2			707.8		226.3			—			1,019.9
Deferred tax assets		—			47.4			—		19.6			(47.4	)		19.6
Due from affiliates		992.6			582.2			343.1		—			(1,917.9	)		—
Investments in subsidiaries		446.7			847.3			967.5		—			(2,261.5	)		—
Total assets	$	1,541.9		$	1,891.0		$	4,293.8	$	820.3		$	(4,432.6	)	$	4,114.4
LIABILITIES AND EQUITY
Current liabilities
Short-term borrowings	$	—		$	264.1		$	—	$	—		$	—		$	264.1
Current maturities of long-term debt		—			2.6			0.4		2.0			—			5.0
Accounts payable and accrued liabilities		63.6			238.1			370.0		132.8			(205.8	)		598.7
Total current liabilities		63.6			504.8			370.4		134.8			(205.8	)		867.8
Long-term debt		504.5			1,125.1			386.6		2.9			—			2,019.1
Deferred tax liabilities		1.0			—			160.0		55.8			(47.4	)		169.4
Other long-term liabilities		0.5			23.5			49.6		8.2			—			81.8
Due to affiliates		1.1			142.1			1,253.5		521.2			(1,917.9	)		—
Total liabilities		570.7			1,795.5			2,220.1		722.9			(2,171.1	)		3,138.1
Equity
Common shares, no par		907.4			812.3			1,603.3		149.7			(2,565.3	)		907.4
Additional paid-in-capital		53.1			—			—		—			—			53.1
Retained earnings (deficit)		106.7			(698.2	)		249.6		(70.4	)		519.0			106.7
Accumulated other comprehensive (loss) income		(96.0	)		(18.6	)		220.8		13.0			(215.2	)		(96.0	)
Total Cott Corporation equity		971.2			95.5			2,073.7		92.3			(2,261.5	)		971.2
Non-controlling interests		—			—			—		5.1			—			5.1
Total equity		971.2			95.5			2,073.7		97.4			(2,261.5	)		976.3
Total liabilities and equity	$	1,541.9		$	1,891.0		$	4,293.8	$	820.3		$	(4,432.6	)	$	4,114.4

Consolidating Balance Sheets

(in millions of U.S. dollars)

	As of January 2, 2016
							Cott			Cott
	Cott			Cott			Guarantor			Non-Guarantor			Elimination
	Corporation			Beverages, Inc.			Subsidiaries			Subsidiaries			Entries			Consolidated
ASSETS
Current assets
Cash & cash equivalents	$	20.8		$	1.0		$	50.2		$	5.1		$	—		$	77.1
Accounts receivable, net of allowance		18.3			63.3			361.8			13.0			(163.1	)		293.3
Income taxes recoverable		—			0.6			0.8			0.2			—			1.6
Inventories		13.0			76.7			154.1			5.6			—			249.4
Prepaid expenses and other assets		2.2			4.6			10.2			0.2			—			17.2
Total current assets		54.3			146.2			577.1			24.1			(163.1	)		638.6
Property, plant & equipment, net		29.7			163.3			570.1			6.7			—			769.8
Goodwill		19.8			4.5			735.3			—			—			759.6
Intangibles and other assets, net		0.8			79.2			628.9			2.8			—			711.7
Deferred tax assets		7.4			38.2			—			0.2			(38.2	)		7.6
Due from affiliates		400.1			587.5			2.6			—			(990.2	)		—
Investments in subsidiaries		176.3			847.3			702.5			—			(1,726.1	)		—
Total assets	$	688.4		$	1,866.2		$	3,216.5		$	33.8		$	(2,917.6	)	$	2,887.3
LIABILITIES AND EQUITY
Current liabilities
Short-term borrowings	$	—		$	122.0		$	—		$	—		$	—		$	122.0
Current maturities of long-term debt		—			2.6			0.4			0.4			—			3.4
Accounts payable and accrued liabilities		47.6			234.6			310.2			8.3			(163.1	)		437.6
Total current liabilities		47.6			359.2			310.6			8.7			(163.1	)		563.0
Long-term debt		—			1,134.1			391.3			—			—			1,525.4
Deferred tax liabilities		—			—			114.7			—			(38.2	)		76.5
Other long-term liabilities		0.5			20.0			54.9			1.1			—			76.5
Due to affiliates		1.0			1.6			959.4			28.2			(990.2	)		—
Total liabilities		49.1			1,514.9			1,830.9			38.0			(1,191.5	)		2,241.4
Equity
Common shares, no par		534.7			701.5			1,486.9			38.6			(2,227.0	)		534.7
Additional paid-in-capital		51.2			—			—			—			—			51.2
Retained earnings (deficit)		129.6			(333.5	)		(132.1	)		(58.4	)		524.0			129.6
Accumulated other comprehensive (loss) income		(76.2	)		(16.7	)		30.8			9.0			(23.1	)		(76.2	)
Total Cott Corporation equity		639.3			351.3			1,385.6			(10.8	)		(1,726.1	)		639.3
Non-controlling interests		—			—			—			6.6			—			6.6
Total equity		639.3			351.3			1,385.6			(4.2	)		(1,726.1	)		645.9
Total liabilities and equity	$	688.4		$	1,866.2		$	3,216.5		$	33.8		$	(2,917.6	)	$	2,887.3

Consolidating Statements of Condensed Cash Flows

Consolidating Statements of Condensed Cash Flows

(in millions of U.S. dollars)

Unaudited

	For the Three Months Ended October 1, 2016
							Cott			Cott
	Cott			Cott			Guarantor			Non-Guarantor			Elimination
	Corporation			Beverages Inc.			Subsidiaries			Subsidiaries			Entries			Consolidated
Net cash provided by (used in) operating activities	$	250.7		$	(257.7	)	$	57.3		$	57.8		$	(16.5	)	$	91.6
Investing Activities
Acquisitions, net of cash received		(911.3	)		—			(1.2	)		—			—			(912.5	)
Additions to property, plant & equipment		(0.4	)		(6.5	)		(27.4	)		(4.4	)		—			(38.7	)
Additions to intangibles and other assets		—			(0.6	)		(1.1	)		—			—			(1.7	)
Proceeds from sale of property, plant & equipment		0.8			0.3			0.1			0.4			—			1.6
Proceeds from insurance recoveries		—			1.4			—			—			—			1.4
Decrease in restricted cash		2.8			—			—			—			—			2.8
Net cash used in investing activities		(908.1	)		(5.4	)		(29.6	)		(4.0	)		—			(947.1	)
Financing Activities
Payments of long-term debt		—			(1.0	)		(0.2	)		(0.6	)		—			(1.8	)
Issuance of long-term debt		498.7			—			—			—			—			498.7
Borrowings under ABL		—			814.5			—			—			—			814.5
Payments under ABL		—			(550.6	)		—			—			—			(550.6	)
Distributions to non-controlling interests		—			—			—			(2.7	)		—			(2.7	)
Issuance of common shares		2.4			—			—			—			—			2.4
Financing fees		(11.9	)		—			—			—			—			(11.9	)
Common shares repurchased and cancelled		(3.4	)		—			—			—			—			(3.4	)
Dividends paid to common shareowners		(8.4	)		—			—			—			—			(8.4	)
Payment of deferred consideration for acquisitions		—			—			(10.8	)		—			—			(10.8	)
Intercompany dividends		—			—			—			(16.5	)		16.5			—
Net cash provided by (used in) financing activities		477.4			262.9			(11.0	)		(19.8	)		16.5			726.0
Effect of exchange rate changes on cash		(1.3	)		—			(0.4	)		0.6			—			(1.1	)
Net (decrease) increase in cash & cash equivalents		(181.3	)		(0.2	)		16.3			34.6			—			(130.6	)
Cash & cash equivalents, beginning of period		182.6			2.4			57.2			7.3			—			249.5
Cash & cash equivalents, end of period	$	1.3		$	2.2		$	73.5		$	41.9		$	—		$	118.9

Consolidating Statements of Condensed Cash Flows

(in millions of U.S. dollars)

Unaudited

	For the Nine Months Ended October 1, 2016
							Cott			Cott
	Cott			Cott			Guarantor			Non-Guarantor			Elimination
	Corporation			Beverages Inc.			Subsidiaries			Subsidiaries			Entries			Consolidated
Net cash provided by (used in) operating activities	$	113.6		$	(111.9	)	$	124.1		$	67.7		$	(33.0	)	$	160.5
Investing Activities
Acquisitions, net of cash received		(954.0	)		—			(4.7	)		—			—			(958.7	)
Additions to property, plant & equipment		(1.3	)		(17.5	)		(77.6	)		(5.0	)		—			(101.4	)
Additions to intangibles and other assets		(0.1	)		(2.7	)		(2.2	)		—			—			(5.0	)
Proceeds from sale of property, plant & equipment		0.8			0.4			2.9			0.4			—			4.5
Proceeds from insurance recoveries		—			1.4			—			—			—			1.4
Net cash used in investing activities		(954.6	)		(18.4	)		(81.6	)		(4.6	)		—			(1,059.2	)
Financing Activities
Payments of long-term debt		—			(2.0	)		(0.5	)		(0.8	)		—			(3.3	)
Issuance of long-term debt		498.7			—			—			—			—			498.7
Borrowings under ABL		144.8			1,290.8			—			—			—			1,435.6
Payments under ABL		(147.7	)		(1,148.9	)		—			—			—			(1,296.6	)
Distributions to non-controlling interests		—			—			—			(6.0	)		—			(6.0	)
Issuance of common shares		366.6			—			—			—			—			366.6
Financing fees		(11.9	)		—			—			—			—			(11.9	)
Common shares repurchased and cancelled		(4.5	)		—			—			—			—			(4.5	)
Dividends paid to common shareowners		(23.1	)		—			—			—			—			(23.1	)
Payment of deferred consideration for acquisitions		—			—			(10.8	)		—			—			(10.8	)
Intercompany dividends		—			(8.4	)		(4.6	)		(20.0	)		33.0			—
Net cash provided by (used in) financing activities		822.9			131.5			(15.9	)		(26.8	)		33.0			944.7
Effect of exchange rate changes on cash		(1.4	)		—			(3.3	)		0.5			—			(4.2	)
Net (decrease) increase in cash & cash equivalents		(19.5	)		1.2			23.3			36.8			—			41.8
Cash & cash equivalents, beginning of period		20.8			1.0			50.2			5.1			—			77.1
Cash & cash equivalents, end of period	$	1.3		$	2.2		$	73.5		$	41.9		$	—		$	118.9

Consolidating Statements of Condensed Cash Flows

(in millions of U.S. dollars)

Unaudited

	For the Three Months Ended October 3, 2015
							Cott			Cott
	Cott			Cott			Guarantor			Non-Guarantor			Elimination
	Corporation			Beverages Inc.			Subsidiaries			Subsidiaries			Entries			Consolidated
Net cash (used in) provided by operating activities	$	(4.4	)	$	39.9		$	53.5		$	8.9		$	(6.1	)	$	91.8
Investing Activities
Acquisitions, net of cash received		—			—			(22.0	)		—			—			(22.0	)
Additions to property, plant & equipment		(0.5	)		(3.8	)		(23.4	)		(0.6	)		—			(28.3	)
Additions to intangibles and other assets		—			(0.5	)		—			—			—			(0.5	)
Proceeds from sale of property, plant & equipment and sale-leaseback		—			0.1			0.3			—			—			0.4
Net cash used in investing activities		(0.5	)		(4.2	)		(45.1	)		(0.6	)		—			(50.4	)
Financing Activities
Payments of long-term debt		(0.1	)		(0.7	)		(0.1	)		(0.1	)		—			(1.0	)
Borrowings under ABL		—			43.0			9.4			—			—			52.4
Payments under ABL		—			(81.7	)		(15.6	)		—			—			(97.3	)
Distributions to non-controlling interests		—			—			—			(3.2	)		—			(3.2	)
Issuance of common shares		0.5			—			—			—			—			0.5
Financing fees		—			(0.1	)		—			—			—			(0.1	)
Common shares repurchased and cancelled		(0.1	)		—			—			—			—			(0.1	)
Dividends paid to common and preferred shareowners		(6.5	)		—			—			—			—			(6.5	)
Intercompany dividends		—			—			(2.8	)		(3.3	)		6.1			—
Net cash used in financing activities		(6.2	)		(39.5	)		(9.1	)		(6.6	)		6.1			(55.3	)
Effect of exchange rate changes on cash		(0.7	)		—			(0.6	)		(0.1	)		—			(1.4	)
Net (decrease) increase in cash & cash equivalents		(11.8	)		(3.8	)		(1.3	)		1.6			—			(15.3	)
Cash & cash equivalents, beginning of period		13.8			5.1			54.3			5.8			—			79.0
Cash & cash equivalents, end of period	$	2.0		$	1.3		$	53.0		$	7.4		$	—		$	63.7

Consolidating Statements of Condensed Cash Flows

(in millions of U.S. dollars)

Unaudited

	For the Nine Months Ended October 3, 2015
							Cott			Cott
	Cott			Cott			Guarantor			Non-Guarantor			Elimination
	Corporation			Beverages Inc.			Subsidiaries			Subsidiaries			Entries			Consolidated
Net cash provided by operating activities	$	29.3		$	65.8		$	78.1		$	15.7		$	(22.5	)	$	166.4
Investing Activities
Acquisitions, net of cash received		—			—			(22.5	)		—			—			(22.5	)
Additions to property, plant & equipment		(1.0	)		(15.0	)		(68.5	)		(1.0	)		—			(85.5	)
Additions to intangibles and other assets		—			(0.8	)		(1.9	)		—			—			(2.7	)
Proceeds from sale of property, plant & equipment and sale-leaseback		—			26.4			14.5			—			—			40.9
Net cash (used in) provided by investing activities		(1.0	)		10.6			(78.4	)		(1.0	)		—			(69.8	)
Financing Activities
Payments of long-term debt		(0.1	)		(2.0	)		(0.2	)		(0.6	)		—			(2.9	)
Borrowings under ABL		—			757.0			44.3			—			—			801.3
Payments under ABL		—			(830.0	)		(44.5	)		—			—			(874.5	)
Distributions to non-controlling interests		—			—			—			(6.8	)		—			(6.8	)
Issuance of common shares		143.1			—			—			—			—			143.1
Financing fees		—			(0.3	)		—			—			—			(0.3	)
Preferred shares repurchased and cancelled		(148.8	)		—			—			—			—			(148.8	)
Common shares repurchased and cancelled		(0.8	)		—			—			—			—			(0.8	)
Dividends paid to common and preferred shareowners		(24.5	)		—			—			—			—			(24.5	)
Payment of deferred consideration for acquisitions		—			—			(2.5	)		—			—			(2.5	)
Intercompany dividends		—			(8.4	)		(7.1	)		(7.0	)		22.5			—
Net cash used in financing activities		(31.1	)		(83.7	)		(10.0	)		(14.4	)		22.5			(116.7	)
Effect of exchange rate changes on cash		(1.4	)		—			(0.7	)		(0.3	)		—			(2.4	)
Net decrease in cash & cash equivalents		(4.2	)		(7.3	)		(11.0	)		0.0			—			(22.5	)
Cash & cash equivalents, beginning of period		6.2			8.6			64.0			7.4			—			86.2
Cash & cash equivalents, end of period	$	2.0		$	1.3		$	53.0		$	7.4		$	—		$	63.7