XML 160 R135.htm IDEA: XBRL DOCUMENT v3.22.0.1
PRODUCTS CORPORATION AND SUBSIDIARIES GUARANTOR FINANCIAL INFORMATION - Statement of Cash Flow (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net cash provided by (used in) operating activities $ (11.0) $ (97.3)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Net cash (used in) provided by investing activities (12.1) (10.3)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net decrease in short-term borrowings and overdraft (13.7) 4.3
Borrowings on term loans 305.0 880.0
Repayments on term loans [1] (197.2) (524.3)
(Repayments) under the revolving credit facilities (29.3) (133.5)
Payment of financing costs (17.9) (122.0)
Tax withholdings related to net share settlements of restricted stock and RSUs (2.4) (1.7)
Other financing activities (0.3) (0.3)
Net cash provided by (used in) financing activities 44.2 102.5
Effect of exchange rate changes on cash, cash equivalents and restricted cash (2.7) 3.1
Net increase (decrease) in cash, cash equivalents and restricted cash 18.4 (2.0)
Cash, cash equivalents and restricted cash at beginning of period [2] 102.5 104.5
Cash, cash equivalents and restricted cash at end of period [2] 120.9 102.5
Revlon Consumer Products Corporation    
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net cash provided by (used in) operating activities (11.0) (97.3)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Net cash (used in) provided by investing activities (12.1) (10.3)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net decrease in short-term borrowings and overdraft (13.7) 4.3
Borrowings on term loans 305.0 880.0
Repayments on term loans [3] (197.2) (524.3)
(Repayments) under the revolving credit facilities (29.3) (133.5)
Payment of financing costs (17.9) (122.0)
Tax withholdings related to net share settlements of restricted stock and RSUs (2.4) (1.7)
Other financing activities (0.3) (0.3)
Net cash provided by (used in) financing activities 44.2 102.5
Effect of exchange rate changes on cash, cash equivalents and restricted cash (2.7) 3.1
Net increase (decrease) in cash, cash equivalents and restricted cash 18.4 (2.0)
Cash, cash equivalents and restricted cash at beginning of period [4] 102.5 104.5
Cash, cash equivalents and restricted cash at end of period [4] 120.9 102.5
Revlon Consumer Products Corporation | Eliminations    
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net cash provided by (used in) operating activities 0.0 0.0
CASH FLOWS FROM INVESTING ACTIVITIES:    
Net cash (used in) provided by investing activities 0.0 0.0
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net decrease in short-term borrowings and overdraft 0.0 0.0
Borrowings on term loans 0.0 0.0
Repayments on term loans 0.0 0.0
(Repayments) under the revolving credit facilities 0.0 0.0
Payment of financing costs 0.0 0.0
Tax withholdings related to net share settlements of restricted stock and RSUs 0.0 0.0
Other financing activities 0.0 0.0
Net cash provided by (used in) financing activities 0.0 0.0
Effect of exchange rate changes on cash, cash equivalents and restricted cash 0.0 0.0
Net increase (decrease) in cash, cash equivalents and restricted cash 0.0 0.0
Cash, cash equivalents and restricted cash at beginning of period 0.0 0.0
Cash, cash equivalents and restricted cash at end of period 0.0 0.0
Revlon Consumer Products Corporation | Products Corporation | Reportable Legal Entities    
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net cash provided by (used in) operating activities (456.7) (91.4)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Net cash (used in) provided by investing activities (7.2) (7.7)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net decrease in short-term borrowings and overdraft (5.5) 4.6
Borrowings on term loans 305.0 880.0
Repayments on term loans (197.2) (524.3)
(Repayments) under the revolving credit facilities (29.3) (133.5)
Payment of financing costs (17.9) (122.7)
Tax withholdings related to net share settlements of restricted stock and RSUs (2.4) (1.7)
Other financing activities (0.2) (0.1)
Net cash provided by (used in) financing activities 52.5 102.3
Effect of exchange rate changes on cash, cash equivalents and restricted cash 349.6 2.4
Net increase (decrease) in cash, cash equivalents and restricted cash (61.8) 5.6
Cash, cash equivalents and restricted cash at beginning of period 6.5 0.9
Cash, cash equivalents and restricted cash at end of period (55.3) 6.5
Revlon Consumer Products Corporation | Guarantor Subsidiaries | Reportable Legal Entities    
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net cash provided by (used in) operating activities 110.5 0.0
CASH FLOWS FROM INVESTING ACTIVITIES:    
Net cash (used in) provided by investing activities (1.2) (0.3)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net decrease in short-term borrowings and overdraft (5.8) (0.4)
Borrowings on term loans 0.0 0.0
Repayments on term loans 0.0 0.0
(Repayments) under the revolving credit facilities 0.0 0.0
Payment of financing costs 0.0 0.0
Tax withholdings related to net share settlements of restricted stock and RSUs 0.0 0.0
Other financing activities (0.1) (0.1)
Net cash provided by (used in) financing activities (5.9) (0.5)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (115.1) 2.1
Net increase (decrease) in cash, cash equivalents and restricted cash (11.7) 1.3
Cash, cash equivalents and restricted cash at beginning of period 7.8 6.5
Cash, cash equivalents and restricted cash at end of period (3.9) 7.8
Revlon Consumer Products Corporation | Non-Guarantor Subsidiaries | Reportable Legal Entities    
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net cash provided by (used in) operating activities 335.2 (5.9)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Net cash (used in) provided by investing activities (3.7) (2.3)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net decrease in short-term borrowings and overdraft (2.4) 0.1
Borrowings on term loans 0.0 0.0
Repayments on term loans 0.0 0.0
(Repayments) under the revolving credit facilities 0.0 0.0
Payment of financing costs 0.0 0.7
Tax withholdings related to net share settlements of restricted stock and RSUs 0.0 0.0
Other financing activities 0.0 (0.1)
Net cash provided by (used in) financing activities (2.4) 0.7
Effect of exchange rate changes on cash, cash equivalents and restricted cash (237.2) (1.4)
Net increase (decrease) in cash, cash equivalents and restricted cash 91.9 (8.9)
Cash, cash equivalents and restricted cash at beginning of period 88.2 97.1
Cash, cash equivalents and restricted cash at end of period $ 180.1 $ 88.2
[1] Repayments on term loans for the year ended December 31, 2020 includes the repayment of the 2019 Term Loan Facility, repayment under the 2018 Foreign Asset-Based Term Loan and repayments under the 2016 Term Loan Facility of $200.0 million, $31.4 million and $11.5 million, respectively, as well as repurchases of the 5.75% Senior Notes of $281.4 million. During 2020, the Company used a portion of the proceeds from the 2020 BrandCo Facility to repurchase and subsequently cancel a portion of its 5.75% Senior Notes. See Note 8, "Debt" in the Company's 2020 Form 10-K for additional information.
[2] These amounts include restricted cash of $18.5 million and $5.4 million as of December 31, 2021 and 2020, respectively. The balance as of December 31, 2021 represents: (i) cash on deposit in lieu of a mandatory prepayment and loan proceeds held in escrow until certain collateral perfection requirements are satisfied under the 2021 Foreign Asset-Based Term Agreement; and (ii) cash on deposit to support outstanding undrawn letters of credit. The balance as of December 31, 2020 represents: (i) cash on deposit in lieu of a mandatory prepayment under the 2018 Foreign Asset-Based Term Facility; and (ii) cash on deposit to support outstanding undrawn letters of credit. These balances were included within prepaid expenses and other current assets and other assets in the Company's Consolidated Balance Sheets as of December 31, 2021 and December 31, 2020, respectively.
[3] Repayments on term loans for the year ended December 31, 2020 includes the repayment of the 2019 Term Loan Facility, repayment under the 2018 Foreign Asset-Based Term Loan and repayments under the 2016 Term Loan Facility of $200.0 million, $31.4 million and $11.5 million, respectively, as well as repurchases of the 5.75% Senior Notes of $281.4 million. During 2020, the Company used a portion of the proceeds from the 2020 BrandCo Facility to repurchase and subsequently cancel a portion of its 5.75% Senior Notes. See Note 8, "Debt" in the Company's 2020 Form 10-K for additional information.
[4] These amounts include restricted cash of $18.5 million and $5.4 million as of December 31, 2021 and 2020, respectively. The balance as of December 31, 2021 represents: (i) cash on deposit in lieu of a mandatory prepayment and loan proceeds held in escrow until certain collateral perfection requirements are satisfied under the 2021 Foreign Asset-Based Term Agreement; and (ii) cash on deposit to support outstanding undrawn letters of credit. The balance as of December 31, 2020 represents: (i) cash on deposit in lieu of a mandatory prepayment under the 2018 Foreign Asset-Based Term Facility; and (ii) cash on deposit to support outstanding undrawn letters of credit. These balances were included within prepaid expenses and other current assets and other assets in the Company's Consolidated Balance Sheets as of December 31, 2021 and December 31, 2020, respectively