Guarantor Subsidiaries (Tables)

3 Months Ended

Apr. 01, 2017

DSS Group Inc [Member]

Condensed Consolidating Statement of Operations

Condensed Consolidating Statements of Operations

(in millions of U.S. dollars)

Unaudited

	For the Three Months Ended April 1, 2017
	Cott Corporation			DS Services of America, Inc.			DSS Guarantor Subsidiaries			DSS Non-Guarantor Subsidiaries			Elimination Entries			Consolidated
Revenue, net	$	34.7		$	248.8		$	506.4		$	117.7		$	(11.2	)	$	896.4
Cost of sales		30.6			97.5			417.2			51.7			(11.2	)		585.8
Gross profit		4.1			151.3			89.2			66.0			—			310.6
Selling, general and administrative expenses		6.5			139.8			87.0			57.8			—			291.1
Loss (gain) on disposal of property, plant & equipment		—			1.7			(0.3	)		—			—			1.4
Acquisition and integration expenses		—			1.6			2.6			3.1			—			7.3
Operating (loss) income		(2.4	)		8.2			(0.1	)		5.1			—			10.8
Other expense (income), net		0.3			(0.6	)		9.5			(0.8	)		—			8.4
Intercompany interest (income) expense, net		(1.5	)		10.8			(5.1	)		(4.2	)		—			—
Interest expense (income), net		7.0			7.3			21.5			(0.1	)		—			35.7
(Loss) income before income tax expense and equity (loss) income		(8.2	)		(9.3	)		(26.0	)		10.2			—			(33.3	)
Income tax expense		—			0.4			0.5			0.2			—			1.1
Equity (loss) income		(28.2	)		—			2.1			—			26.1			—
Net (loss) income	$	(36.4	)	$	(9.7	)	$	(24.4	)	$	10.0		$	26.1		$	(34.4	)
Less: Net income attributable to non-controlling interests		—			—			—			2.0			—			2.0
Net (loss) income attributed to Cott Corporation	$	(36.4	)	$	(9.7	)	$	(24.4	)	$	8.0		$	26.1		$	(36.4	)
Comprehensive (loss) income attributed to Cott Corporation	$	(24.2	)	$	(9.7	)	$	(34.0	)	$	14.8		$	28.9		$	(24.2	)

Condensed Consolidating Statements of Operations

(in millions of U.S. dollars)

Unaudited

	For the Three Months Ended April 2, 2016
	Cott Corporation			DS Services of America, Inc.			DSS Guarantor Subsidiaries			DSS Non-Guarantor Subsidiaries			Elimination Entries			Consolidated
Revenue, net	$	33.8		$	243.1		$	406.8		$	28.5		$	(13.8	)	$	698.4
Cost of sales		29.7			97.4			348.2			22.9			(13.8	)		484.4
Gross profit		4.1			145.7			58.6			5.6			—			214.0
Selling, general and administrative expenses		5.5			137.2			51.6			2.7			—			197.0
Loss (gain) on disposal of property, plant & equipment		—			1.8			(0.9	)		—			—			0.9
Acquisition and integration expenses		—			0.9			0.5			—			—			1.4
Operating (loss) income		(1.4	)		5.8			7.4			2.9			—			14.7
Other (income) expense, net		(1.6	)		(1.0	)		0.4			—			—			(2.2	)
Intercompany interest expense (income), net		—			10.8			(10.8	)		—			—			—
Interest expense, net		0.2			7.4			20.2			—			—			27.8
(Loss) income before income tax (benefit) expense and equity (loss) income		—			(11.4	)		(2.4	)		2.9			—			(10.9	)
Income tax (benefit) expense		—			(4.2	)		(5.4	)		0.1			—			(9.5	)
Equity (loss) income		(2.8	)		—			1.8			—			1.0			—
Net (loss) income	$	(2.8	)	$	(7.2	)	$	4.8		$	2.8		$	1.0		$	(1.4	)
Less: Net income attributable to non-controlling interests		—			—			—			1.4			—			1.4
Net (loss) income attributed to Cott Corporation	$	(2.8	)	$	(7.2	)	$	4.8		$	1.4		$	1.0		$	(2.8	)
Comprehensive (loss) income attributed to Cott Corporation	$	(5.4	)	$	(7.2	)	$	31.3		$	(0.6	)	$	(23.5	)	$	(5.4	)

Consolidating Balance Sheet

Consolidating Balance Sheets

(in millions of U.S. dollars)

Unaudited

	As of April 1, 2017
							DSS			DSS
	Cott			DS Services of			Guarantor			Non-Guarantor			Elimination
	Corporation			America, Inc.			Subsidiaries			Subsidiaries			Entries			Consolidated
ASSETS
Current assets
Cash & cash equivalents	$	1.1		$	22.4		$	24.4		$	38.2		$	—		$	86.1
Restricted cash		—			—			444.4			—			—			444.4
Accounts receivable, net of allowance		33.9			115.8			276.2			91.2			(89.6	)		427.5
Inventories		15.6			28.6			261.9			23.3			—			329.4
Prepaid expenses and other assets		1.2			9.5			19.0			10.6			—			40.3
Total current assets		51.8			176.3			1,025.9			163.3			(89.6	)		1,327.7
Property, plant & equipment, net		27.6			368.6			425.3			111.7			—			933.2
Goodwill		20.5			584.3			292.0			287.5			—			1,184.3
Intangible assets, net		0.1			352.0			379.1			198.9			—			930.1
Deferred tax assets		—			—			0.1			1.3			—			1.4
Other long-term assets, net		1.3			14.9			22.0			2.4			—			40.6
Due from affiliates		956.1			—			544.2			338.5			(1,838.8	)		—
Investments in subsidiaries		338.4			—			388.3			—			(726.7	)		—
Total assets	$	1,395.8		$	1,496.1		$	3,076.9		$	1,103.6		$	(2,655.1	)	$	4,417.3
LIABILITIES AND EQUITY
Current liabilities
Short-term borrowings	$	—		$	—		$	146.8		$	—		$	—		$	146.8
Current maturities of long-term debt		—			—			3.0			1.9			—			4.9
Accounts payable and accrued liabilities		82.6			142.4			352.6			130.1			(89.6	)		618.1
Total current liabilities		82.6			142.4			502.4			132.0			(89.6	)		769.8
Long-term debt		471.1			382.6			1,675.9			2.9			—			2,532.5
Deferred tax liabilities		1.0			81.7			48.5			26.4			—			157.6
Other long-term liabilities		0.7			39.3			45.6			26.0			—			111.6
Due to affiliates		1.0			543.3			482.4			812.1			(1,838.8	)		—
Total liabilities		556.4			1,189.3			2,754.8			999.4			(1,928.4	)		3,571.5
Equity
Common shares, no par		911.7			355.5			701.1			148.8			(1,205.4	)		911.7
Additional paid-in-capital		55.3			—			—			—			—			55.3
Accumulated deficit		(21.9	)		(48.5	)		(527.2	)		(66.9	)		642.6			(21.9	)
Accumulated other comprehensive (loss) income		(105.7	)		(0.2	)		148.2			15.9			(163.9	)		(105.7	)
Total Cott Corporation equity		839.4			306.8			322.1			97.8			(726.7	)		839.4
Non-controlling interests		—			—			—			6.4			—			6.4
Total equity		839.4			306.8			322.1			104.2			(726.7	)		845.8
Total liabilities and equity	$	1,395.8		$	1,496.1		$	3,076.9		$	1,103.6		$	(2,655.1	)	$	4,417.3

Consolidating Balance Sheets

(in millions of U.S. dollars)

	As of December 31, 2016
							DSS			DSS
	Cott			DS Services of			Guarantor			Non-Guarantor			Elimination
	Corporation			America, Inc.			Subsidiaries			Subsidiaries			Entries			Consolidated
ASSETS
Current assets
Cash & cash equivalents	$	4.8		$	22.7		$	52.1		$	38.5		$	—		$	118.1
Accounts receivable, net of allowance		27.4			121.7			239.6			93.7			(78.5	)		403.9
Inventories		14.0			29.2			237.1			21.1			—			301.4
Prepaid expenses and other assets		1.4			7.1			16.6			4.7			—			29.8
Total current assets		47.6			180.7			545.4			158.0			(78.5	)		853.2
Property, plant & equipment, net		27.5			364.5			430.7			107.2			—			929.9
Goodwill		20.3			582.0			290.4			282.7			—			1,175.4
Intangible assets, net		0.1			356.8			385.0			197.8			—			939.7
Deferred tax assets		—			—			—			0.2			—			0.2
Other long-term assets, net		1.2			14.6			23.1			2.4			—			41.3
Due from affiliates		943.2			—			544.3			—			(1,487.5	)		—
Investments in subsidiaries		361.9			—			400.5			—			(762.4	)		—
Total assets	$	1,401.8		$	1,498.6		$	2,619.4		$	748.3		$	(2,328.4	)	$	3,939.7
LIABILITIES AND EQUITY
Current liabilities
Short-term borrowings	$	—		$	—		$	207.0		$	—		$	—		$	207.0
Current maturities of long-term debt		—			—			2.7			3.0			—			5.7
Accounts payable and accrued liabilities		66.5			135.1			341.0			133.3			(78.5	)		597.4
Total current liabilities		66.5			135.1			550.7			136.3			(78.5	)		810.1
Long-term debt		464.3			384.2			1,136.7			2.8			—			1,988.0
Deferred tax liabilities		1.0			81.2			49.0			26.6			—			157.8
Other long-term liabilities		0.5			38.0			49.9			21.6			—			110.0
Due to affiliates		1.0			543.3			453.4			489.8			(1,487.5	)		—
Total liabilities		533.3			1,181.8			2,239.7			677.1			(1,566.0	)		3,065.9
Equity
Common shares, no par		909.3			355.4			691.5			149.7			(1,196.6	)		909.3
Additional paid-in-capital		54.2			—			—			—			—			54.2
Retained earnings (deficit)		22.9			(38.4	)		(469.6	)		(92.9	)		600.9			22.9
Accumulated other comprehensive (loss) income		(117.9	)		(0.2	)		157.8			9.1			(166.7	)		(117.9	)
Total Cott Corporation equity		868.5			316.8			379.7			65.9			(762.4	)		868.5
Non-controlling interests		—			—			—			5.3			—			5.3
Total equity		868.5			316.8			379.7			71.2			(762.4	)		873.8
Total liabilities and equity	$	1,401.8		$	1,498.6		$	2,619.4		$	748.3		$	(2,328.4	)	$	3,939.7

Condensed Consolidating Statement of Cash Flows

Consolidating Statements of Condensed Cash Flows

(in millions of U.S. dollars)

Unaudited

	For the Three Months Ended April 1, 2017
							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	$	7.7		$	23.9		$	(40.0	)	$	5.6		$	(0.9	)	$	(3.7	)
Investing Activities
Acquisition, net of cash received		—			(7.8	)		0.6			2.2			—			(5.0	)
Additions to property, plant & equipment		(0.9	)		(17.5	)		(16.2	)		(6.0	)		—			(40.6	)
Additions to intangible assets		—			(1.0	)		(1.8	)		—			—			(2.8	)
Proceeds from sale of property, plant & equipment		—			2.1			1.7			0.3			—			4.1
Other investing activities		—			—			0.2			—			—			0.2
Net cash used in investing activities		(0.9	)		(24.2	)		(15.5	)		(3.5	)		—			(44.1	)
Financing Activities
Payments of long-term debt		—			—			(203.0	)		(0.3	)		—			(203.3	)
Issuance of long-term debt		—			—			750.0			—			—			750.0
Borrowings under ABL		—			—			772.9			—			—			772.9
Payments under ABL		—			—			(832.7	)		(1.5	)		—			(834.2	)
Premiums and costs paid upon extinguishment of long-term debt		—			—			(7.2	)		—			—			(7.2	)
Financing fees		—			—			(9.4	)		—			—			(9.4	)
Distributions to non-controlling interests		—			—			—			(0.9	)		—			(0.9	)
Issuance of common shares		0.5			—			—			—			—			0.5
Common shares repurchased and cancelled		(1.8	)		—			—			—			—			(1.8	)
Dividends paid to common shareowners		(8.4	)		—			—			—			—			(8.4	)
Other financing activities		—			—			—			0.5			—			0.5
Intercompany dividends		—			—			—			(0.9	)		0.9			—
Net cash (used in) provided by financing activities		(9.7	)		—			470.6			(3.1	)		0.9			458.7
Effect of exchange rate changes on cash		(0.8	)		—			1.6			0.7			—			1.5
Net (decrease) increase in cash, cash equivalents and restricted cash		(3.7	)		(0.3	)		416.7			(0.3	)		—			412.4
Cash, cash equivalents and restricted cash, beginning of period		4.8			22.7			52.1			38.5			—			118.1
Cash, cash equivalents and restricted cash, end of period	$	1.1		$	22.4		$	468.8		$	38.2		$	—		$	530.5

Consolidating Statements of Condensed Cash Flows

(in millions of U.S. dollars)

Unaudited

	For the Three Months Ended April 2, 2016
							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	$	(136.8	)	$	26.1		$	89.7		$	4.7		$	(2.4	)	$	(18.7	)
Investing Activities
Acquisition, net of cash received		(43.2	)		(1.2	)		—			—			—			(44.4	)
Additions to property, plant & equipment		(0.4	)		(16.8	)		(12.0	)		(0.3	)		—			(29.5	)
Additions to intangible assets		(0.1	)		(0.5	)		(1.7	)		—			—			(2.3	)
Proceeds from sale of property, plant & equipment		—			0.1			2.6			—			—			2.7
Net cash used in investing activities		(43.7	)		(18.4	)		(11.1	)		(0.3	)		—			(73.5	)
Financing Activities
Payments of long-term debt		—			—			(1.0	)		(0.1	)		—			(1.1	)
Borrowings under ABL		87.6			—			409.6			—			—			497.2
Payments under ABL		(58.8	)		—			(499.5	)		—			—			(558.3	)
Distributions to non-controlling interests		—			—			—			(2.3	)		—			(2.3	)
Issuance of common shares		144.1			—			—			—			—			144.1
Common shares repurchased and cancelled		(1.1	)		—			—			—			—			(1.1	)
Dividends paid to common shareowners		(7.3	)		—			—			—			—			(7.3	)
Intercompany dividends		—			—			—			(2.4	)		2.4			—
Net cash provided by (used in) financing activities		164.5			—			(90.9	)		(4.8	)		2.4			71.2
Effect of exchange rate changes on cash		0.1			—			(1.1	)		—			—			(1.0	)
Net (decrease) increase in cash, cash equivalents and restricted cash		(15.9	)		7.7			(13.4	)		(0.4	)		—			(22.0	)
Cash, cash equivalents, and restricted cash beginning of period		20.8			12.8			38.4			5.1			—			77.1
Cash, cash equivalents and restricted cash end of period	$	4.9		$	20.5		$	25.0		$	4.7		$	—		$	55.1

Cott Beverages Inc. [Member]

Condensed Consolidating Statement of Operations

Condensed Consolidating Statements of Operations

(in millions of U.S. dollars)

Unaudited

	For the Three Months Ended April 1, 2017
	Cott Corporation			Cott Beverages Inc.			Cott Guarantor Subsidiaries			Cott Non-Guarantor Subsidiaries			Elimination Entries			Consolidated
Revenue, net	$	34.7		$	164.6		$	593.3		$	117.7		$	(13.9	)	$	896.4
Cost of sales		30.6			143.3			374.1			51.7			(13.9	)		585.8
Gross profit		4.1			21.3			219.2			66.0			—			310.6
Selling, general and administrative expenses		6.5			27.2			199.6			57.8			—			291.1
Loss on disposal of property, plant & equipment		—			—			1.4			—			—			1.4
Acquisition and integration expenses		—			1.5			2.7			3.1			—			7.3
Operating (loss) income		(2.4	)		(7.4	)		15.5			5.1			—			10.8
Other expense (income), net		0.3			10.0			(1.1	)		(0.8	)		—			8.4
Intercompany interest (income) expense, net		(1.5	)		(9.2	)		14.9			(4.2	)		—			—
Interest expense (income), net		7.0			20.4			8.4			(0.1	)		—			35.7
(Loss) income before income tax expense (benefit) and equity (loss) income		(8.2	)		(28.6	)		(6.7	)		10.2			—			(33.3	)
Income tax expense (benefit)		—			1.1			(0.2	)		0.2			—			1.1
Equity (loss) income		(28.2	)		2.1			—			—			26.1			—
Net (loss) income	$	(36.4	)	$	(27.6	)	$	(6.5	)	$	10.0		$	26.1		$	(34.4	)
Less: Net income attributable to non-controlling interests		—			—			—			2.0			—			2.0
Net (loss) income attributed to Cott Corporation	$	(36.4	)	$	(27.6	)	$	(6.5	)	$	8.0		$	26.1		$	(36.4	)
Comprehensive (loss) income attributed to Cott Corporation	$	(24.2	)	$	(26.9	)	$	(5.2	)	$	14.8		$	17.3		$	(24.2	)

Condensed Consolidating Statements of Operations

(in millions of U.S. dollars)

Unaudited

	For the Three Months Ended April 2, 2016
	Cott Corporation			Cott Beverages Inc.			Cott Guarantor Subsidiaries			Cott Non-Guarantor Subsidiaries			Elimination Entries			Consolidated
Revenue, net	$	33.8		$	168.9		$	481.0		$	28.5		$	(13.8	)	$	698.4
Cost of sales		29.7			146.0			299.6			22.9			(13.8	)		484.4
Gross profit		4.1			22.9			181.4			5.6			—			214.0
Selling, general and administrative expenses		5.5			28.1			160.7			2.7			—			197.0
Loss on disposal of property, plant & equipment		—			0.3			0.6			—			—			0.9
Acquisition and integration expenses		—			0.3			1.1			—			—			1.4
Operating (loss) income		(1.4	)		(5.8	)		19.0			2.9			—			14.7
Other income, net		(1.6	)		(0.1	)		(0.5	)		—			—			(2.2	)
Intercompany interest (income) expense, net		—			(11.4	)		11.4			—			—			—
Interest expense, net		0.2			20.1			7.5			—			—			27.8
(Loss) income before income tax (benefit) expense and equity (loss) income		—			(14.4	)		0.6			2.9			—			(10.9	)
Income tax (benefit) expense		—			(6.0	)		(3.6	)		0.1			—			(9.5	)
Equity (loss) income		(2.8	)		1.5			0.3			—			1.0			—
Net (loss) income	$	(2.8	)	$	(6.9	)	$	4.5		$	2.8		$	1.0		$	(1.4	)
Less: Net income attributable to non-controlling interests		—			—			—			1.4			—			1.4
Net (loss) income attributed to Cott Corporation	$	(2.8	)	$	(6.9	)	$	4.5		$	1.4		$	1.0		$	(2.8	)
Comprehensive (loss) income attributed to Cott Corporation	$	(5.4	)	$	(7.0	)	$	31.1		$	(0.6	)	$	(23.5	)	$	(5.4	)

Consolidating Balance Sheet

Consolidating Balance Sheets

(in millions of U.S. dollars)

Unaudited

	As of April 1, 2017
	Cott Corporation			Cott Beverages Inc.			Cott Guarantor Subsidiaries		Cott Non-Guarantor Subsidiaries			Elimination Entries			Consolidated
ASSETS
Current assets
Cash & cash equivalents	$	1.1		$	1.5		$	45.3	$	38.2		$	—		$	86.1
Restricted cash		—			444.4			—		—			—			444.4
Accounts receivable, net of allowance		33.9			111.6			433.7		91.2			(242.9	)		427.5
Inventories		15.6			77.7			212.8		23.3			—			329.4
Prepaid expenses and other assets		1.2			7.9			20.6		10.6			—			40.3
Total current assets		51.8			643.1			712.4		163.3			(242.9	)		1,327.7
Property, plant & equipment, net		27.6			150.0			643.9		111.7			—			933.2
Goodwill		20.5			4.5			871.8		287.5			—			1,184.3
Intangible assets, net		0.1			66.3			664.8		198.9			—			930.1
Deferred tax assets		—			—			0.1		1.3			—			1.4
Other long-term assets, net		1.3			16.9			20.0		2.4			—			40.6
Due from affiliates		956.1			580.7			893.1		338.5			(2,768.4	)		—
Investments in subsidiaries		338.4			847.3			836.2		—			(2,021.9	)		—
Total assets	$	1,395.8		$	2,308.8		$	4,642.3	$	1,103.6		$	(5,033.2	)	$	4,417.3
LIABILITIES AND EQUITY
Current liabilities
Short-term borrowings	$	—		$	145.0		$	1.8	$	—		$	—		$	146.8
Current maturities of long-term debt		—			2.5			0.5		1.9			—			4.9
Accounts payable and accrued liabilities		82.6			287.2			361.1		130.1			(242.9	)		618.1
Total current liabilities		82.6			434.7			363.4		132.0			(242.9	)		769.8
Long-term debt		471.1			936.5			1,122.0		2.9			—			2,532.5
Deferred tax liabilities		1.0			38.7			91.5		26.4			—			157.6
Other long-term liabilities		0.7			24.0			60.9		26.0			—			111.6
Due to affiliates		1.0			892.1			1,063.2		812.1			(2,768.4	)		—
Total liabilities		556.4			2,326.0			2,701.0		999.4			(3,011.3	)		3,571.5
Equity
Common shares, no par		911.7			834.7			1,505.8		148.8			(2,489.3	)		911.7
Additional paid-in-capital		55.3			—			—		—			—			55.3
(Accumulated deficit) retained earnings		(21.9	)		(832.5	)		256.5		(66.9	)		642.9			(21.9	)
Accumulated other comprehensive (loss) income		(105.7	)		(19.4	)		179.0		15.9			(175.5	)		(105.7	)
Total Cott Corporation equity		839.4			(17.2	)		1,941.3		97.8			(2,021.9	)		839.4
Non-controlling interests		—			—			—		6.4			—			6.4
Total equity		839.4			(17.2	)		1,941.3		104.2			(2,021.9	)		845.8
Total liabilities and equity	$	1,395.8		$	2,308.8		$	4,642.3	$	1,103.6		$	(5,033.2	)	$	4,417.3

Consolidating Balance Sheets

(in millions of U.S. dollars)

	As of December 31, 2016
	Cott Corporation			Cott Beverages Inc.			Cott Guarantor Subsidiaries		Cott Non-Guarantor Subsidiaries			Elimination Entries			Consolidated
ASSETS
Current assets
Cash & cash equivalents	$	4.8		$	3.1		$	71.7	$	38.5		$	—		$	118.1
Accounts receivable, net of allowance		27.4			73.3			443.1		93.7			(233.6	)		403.9
Inventories		14.0			72.0			194.3		21.1			—			301.4
Prepaid expenses and other assets		1.4			4.3			19.4		4.7			—			29.8
Total current assets		47.6			152.7			728.5		158.0			(233.6	)		853.2
Property, plant & equipment, net		27.5			154.4			640.8		107.2			—			929.9
Goodwill		20.3			4.5			867.9		282.7			—			1,175.4
Intangible assets, net		0.1			66.2			675.6		197.8			—			939.7
Deferred tax assets		—			6.0			—		0.2			(6.0	)		0.2
Other long-term assets, net		1.2			17.0			20.7		2.4			—			41.3
Due from affiliates		943.2			580.2			343.1		—			(1,866.5	)		—
Investments in subsidiaries		361.9			847.3			989.8		—			(2,199.0	)		—
Total assets	$	1,401.8		$	1,828.3		$	4,266.4	$	748.3		$	(4,305.1	)	$	3,939.7
LIABILITIES AND EQUITY
Current liabilities
Short-term borrowings	$	—		$	207.0		$	—	$	—		$	—		$	207.0
Current maturities of long-term debt		—			2.5			0.2		3.0			—			5.7
Accounts payable and accrued liabilities		66.5			261.9			369.3		133.3			(233.6	)		597.4
Total current liabilities		66.5			471.4			369.5		136.3			(233.6	)		810.1
Long-term debt		464.3			1,135.6			385.3		2.8			—			1,988.0
Deferred tax liabilities		1.0			—			136.2		26.6			(6.0	)		157.8
Other long-term liabilities		0.5			24.4			63.5		21.6			—			110.0
Due to affiliates		1.0			142.1			1,233.6		489.8			(1,866.5	)		—
Total liabilities		533.3			1,773.5			2,188.1		677.1			(2,106.1	)		3,065.9
Equity
Common shares, no par		909.3			834.8			1,648.7		149.7			(2,633.2	)		909.3
Additional paid-in-capital		54.2			—			—		—			—			54.2
Retained earnings (deficit)		22.9			(759.9	)		251.9		(92.9	)		600.9			22.9
Accumulated other comprehensive (loss) income		(117.9	)		(20.1	)		177.7		9.1			(166.7	)		(117.9	)
Total Cott Corporation equity		868.5			54.8			2,078.3		65.9			(2,199.0	)		868.5
Non-controlling interests		—			—			—		5.3			—			5.3
Total equity		868.5			54.8			2,078.3		71.2			(2,199.0	)		873.8
Total liabilities and equity	$	1,401.8		$	1,828.3		$	4,266.4	$	748.3		$	(4,305.1	)	$	3,939.7

Condensed Consolidating Statement of Cash Flows

Consolidating Statements of Condensed Cash Flows

(in millions of U.S. dollars)

Unaudited

	For the Three Months Ended April 1, 2017
	Cott Corporation			Cott Beverages Inc.			Cott Guarantor Subsidiaries			Cott Non-Guarantor Subsidiaries			Elimination Entries			Consolidated
Net cash provided by (used in) operating activities	$	7.7		$	(28.8	)	$	12.7		$	5.6		$	(0.9	)	$	(3.7	)
Investing Activities
Acquisition, net of cash received		—			—			(7.2	)		2.2			—			(5.0	)
Additions to property, plant & equipment		(0.9	)		(4.7	)		(29.0	)		(6.0	)		—			(40.6	)
Additions to intangible assets		—			(1.8	)		(1.0	)		—			—			(2.8	)
Proceeds from sale of property, plant & equipment		—			—			3.8			0.3			—			4.1
Intercompany loan to affiliate		—			—			(750.0	)		—			750.0			—
Other investing activities		—			—			0.2			—			—			0.2
Net cash used in investing activities		(0.9	)		(6.5	)		(783.2	)		(3.5	)		750.0			(44.1	)
Financing Activities
Payments of long-term debt		—			(203.0	)		—			(0.3	)		—			(203.3	)
Issuance of long-term debt		—			—			750.0			—			—			750.0
Borrowings under ABL		—			771.0			1.9			—			—			772.9
Payments under ABL		—			(832.7	)		—			(1.5	)		—			(834.2	)
Premiums and costs paid upon extinguishment of long-term debt		—			(7.2	)		—			—			—			(7.2	)
Financing fees		—			—			(9.4	)		—			—			(9.4	)
Distributions to non-controlling interests		—			—			—			(0.9	)		—			(0.9	)
Issuance of common shares		0.5			—			—			—			—			0.5
Common shares repurchased and cancelled		(1.8	)		—			—			—			—			(1.8	)
Dividends paid to common shareowners		(8.4	)		—			—			—			—			(8.4	)
Proceeds from intercompany loan from affiliate		—			750.0			—			—			(750.0	)		—
Other financing activities		—			—			—			0.5			—			0.5
Intercompany dividends		—			—			—			(0.9	)		0.9			—
Net cash (used in) provided by financing activities		(9.7	)		478.1			742.5			(3.1	)		(749.1	)		458.7
Effect of exchange rate changes on cash		(0.8	)		—			1.6			0.7			—			1.5
Net (decrease) increase in cash, cash equivalents and restricted cash		(3.7	)		442.8			(26.4	)		(0.3	)		—			412.4
Cash, cash equivalents and restricted cash, beginning of period		4.8			3.1			71.7			38.5			—			118.1
Cash, cash equivalents and restricted cash, end of period	$	1.1		$	445.9		$	45.3		$	38.2		$	—		$	530.5

Consolidating Statements of Condensed Cash Flows

(in millions of U.S. dollars)

Unaudited

	For the Three Months Ended April 2, 2016
	Cott Corporation			Cott Beverages Inc.			Cott Guarantor Subsidiaries			Cott Non-Guarantor Subsidiaries			Elimination Entries			Consolidated
Net cash (used in) provided by operating activities	$	(136.8	)	$	99.0		$	16.8		$	4.7		$	(2.4	)	$	(18.7	)
Investing Activities
Acquisition, net of cash received		(43.2	)		—			(1.2	)		—			—			(44.4	)
Additions to property, plant & equipment		(0.4	)		(6.7	)		(22.1	)		(0.3	)		—			(29.5	)
Additions to intangible assets		(0.1	)		(1.7	)		(0.5	)		—			—			(2.3	)
Proceeds from sale of property, plant & equipment		—			—			2.7			—			—			2.7
Net cash used in investing activities		(43.7	)		(8.4	)		(21.1	)		(0.3	)		—			(73.5	)
Financing Activities
Payments of long-term debt		—			(0.7	)		(0.3	)		(0.1	)		—			(1.1	)
Borrowings under ABL		87.6			409.6			—			—			—			497.2
Payments under ABL		(58.8	)		(499.5	)		—			—			—			(558.3	)
Distributions to non-controlling interests		—			—			—			(2.3	)		—			(2.3	)
Issuance of common shares		144.1			—			—			—			—			144.1
Common shares repurchased and cancelled		(1.1	)		—			—			—			—			(1.1	)
Dividends paid to common shareowners		(7.3	)		—			—			—			—			(7.3	)
Intercompany dividends		—			—			—			(2.4	)		2.4			—
Net cash provided by (used in) financing activities		164.5			(90.6	)		(0.3	)		(4.8	)		2.4			71.2
Effect of exchange rate changes on cash		0.1			—			(1.1	)		—			—			(1.0	)
Net (decrease) increase in cash, cash equivalents and restricted cash		(15.9	)		0.0			(5.7	)		(0.4	)		—			(22.0	)
Cash, cash equivalents, and restricted cash beginning of period		20.8			1.0			50.2			5.1			—			77.1
Cash, cash equivalents and restricted cash end of period	$	4.9		$	1.0		$	44.5		$	4.7		$	—		$	55.1