22. CONSOLIDATING FINANCIAL STATEMENTS

The obligations of the Company under the senior notes are guaranteed by the following 100% owned subsidiaries of the Company (the “guarantor subsidiaries”): Round Mountain Gold Corporation, Kinross Brasil Mineração S.A., Fairbanks Gold Mining, Inc., Melba Creek Mining, Inc., KG Mining (Round Mountain) Inc., KG Mining (Bald Mountain) Inc., Red Back Mining (Ghana) Limited, White Ice Ventures Limited and KG Far East (Luxembourg) Sarl. All guarantees by the guarantor subsidiaries are joint and several, and full and unconditional; subject to certain customary release provisions contained in the indenture governing the senior notes.

During the year ended December 31, 2020, a change was made to the guarantor subsidiaries such that Red Back Mining B.V. is no longer a guarantor.

The following tables contain separate financial information related to the guarantor subsidiaries as set out in the consolidating balance sheets as at December 31, 2020 and 2019 and the consolidating statements of operations, statements of comprehensive income (loss) and statements of cash flows for the years ended December 31, 2020 and 2019. For purposes of this information, the financial statements of Kinross Gold Corporation and of the guarantor subsidiaries reflect investments in subsidiary companies on an equity accounting basis. As a result of the change in the guarantor subsidiaries noted above, the consolidating balance sheet, consolidating statement of operations, comprehensive income (loss) and cash flows for the comparative periods have been recast.

Consolidating balance sheet as at December 31, 2020


	Guarantors
	Kinross Gold		Guarantor		Guarantor		Total		Non-
	Corp.		Subsidiaries		Adjustments		Guarantors		guarantors		Eliminations		Consolidated
Assets
Current assets
Cash and cash equivalents	$	115.5	$	366.8	$	—	$	482.3	$	728.6	$	—	$	1,210.9
Restricted cash		—		5.7		—		5.7		8.0		—		13.7
Accounts receivable and other assets		13.7		45.3		—		59.0		63.3		—		122.3
Intercompany receivables		610.1		1,553.5		(300.1)		1,863.5		4,293.7		(6,157.2)		—
Current income tax recoverable		—		0.7		—		0.7		29.2		—		29.9
Inventories		3.9		584.1		—		588.0		484.9		—		1,072.9
		743.2		2,556.1		(300.1)		2,999.2		5,607.7		(6,157.2)	$	2,449.7
Non-current assets
Property, plant and equipment		76.1		3,619.0		—		3,695.1		3,958.4		—		7,653.5
Goodwill		—		158.8		—		158.8		—		—		158.8
Long-term investments		103.0		—		—		103.0		10.0		—		113.0
Investment in joint venture		—		—		—		—		18.3		—		18.3
Intercompany investments		5,779.7		3,241.6		(7,482.7)		1,538.6		18,247.8		(19,786.4)		—
Other long-term assets		18.9		209.7		—		228.6		308.6		—		537.2
Long-term intercompany receivables		3,024.9		66.2		(1.5)		3,089.6		5,242.1		(8,331.7)		—
Deferred tax assets		—		—		—		—		2.7		—		2.7
Total assets	$	9,745.8	$	9,851.4	$	(7,784.3)	$	11,812.9	$	33,395.6	$	(34,275.3)	$	10,933.2

Liabilities
Current liabilities
Accounts payable and accrued liabilities	$	96.2	$	202.0	$	—	$	298.2	$	181.0	$	—	$	479.2
Intercompany payables		102.4		871.8		(300.1)		674.1		5,483.1		(6,157.2)		—
Current income tax payable		—		112.6		—		112.6		1.9		—		114.5
Current portion of long-term debt and credit facilities		499.7		—		—		499.7		—		—		499.7
Current portion of provisions		—		30.6		—		30.6		33.2		—		63.8
Other current liabilities		13.9		27.8		—		41.7		8.0		—		49.7
Deferred payment obligation		—		—		—		—		141.5		—		141.5
		712.2		1,244.8		(300.1)		1,656.9		5,848.7		(6,157.2)		1,348.4
Non-current liabilities
Long-term debt and credit facilities		1,240.2		—		—		1,240.2		184.0		—		1,424.2
Provisions		13.3		461.1		—		474.4		386.7		—		861.1
Long-term lease liabilities		17.3		25.9		—		43.2		3.1		—		46.3
Other long-term liabilities		0.5		37.4		—		37.9		64.5		—		102.4
Long-term intercompany payables		1,165.8		276.8		(1.5)		1,441.1		6,890.6		(8,331.7)		—
Deferred tax liabilities		—		322.7		—		322.7		165.1		—		487.8
Total liabilities		3,149.3		2,368.7		(301.6)		5,216.4		13,542.7		(14,488.9)		4,270.2

Equity
Common shareholders’ equity
Common share capital	$	4,473.7	$	1,786.7	$	(1,786.7)	$	4,473.7	$	19,619.5	$	(19,619.5)	$	4,473.7
Contributed surplus		10,709.0		2,187.6		(2,187.6)		10,709.0		7,943.3		(7,943.3)		10,709.0
Accumulated deficit		(8,562.5)		3,527.4		(3,527.4)		(8,562.5)		(7,727.4)		7,727.4		(8,562.5)
Accumulated other comprehensive income (loss)		(23.7)		(19.0)		19.0		(23.7)		(49.0)		49.0		(23.7)
Total common shareholders’ equity		6,596.5		7,482.7		(7,482.7)		6,596.5		19,786.4		(19,786.4)		6,596.5
Non-controlling interests		—		—		—		—		66.5		—		66.5
Total equity		6,596.5		7,482.7		(7,482.7)		6,596.5		19,852.9		(19,786.4)		6,663.0

Total liabilities and equity	$	9,745.8	$	9,851.4	$	(7,784.3)	$	11,812.9	$	33,395.6	$	(34,275.3)	$	10,933.2

Consolidating balance sheet as at December 31, 2019


	Guarantors
	Kinross Gold		Guarantor		Guarantor		Total		Non-
	Corp.		Subsidiaries		Adjustments		Guarantors		guarantors		Eliminations		Consolidated
Assets
Current assets
Cash and cash equivalents	$	124.9	$	118.1	$	—	$	243.0	$	332.1	$	—	$	575.1
Restricted cash		—		6.6		—		6.6		8.6		—		15.2
Accounts receivable and other assets		10.6		57.6		—		68.2		69.2		—		137.4
Intercompany receivables		601.5		1,217.6		(280.7)		1,538.4		4,420.0		(5,958.4)		—
Current income tax recoverable		—		0.7		—		0.7		42.5		—		43.2
Inventories		3.4		507.1		—		510.5		543.3		—		1,053.8
		740.4		1,907.7		(280.7)		2,367.4		5,415.7		(5,958.4)	$	1,824.7
Non-current assets
Property, plant and equipment		77.8		3,497.3		—		3,575.1		2,764.9		—		6,340.0
Goodwill		—		158.8		—		158.8		—		—		158.8
Long-term investments		116.5		—		—		116.5		9.7		—		126.2
Investment in joint venture		—		—		—		—		18.4		—		18.4
Intercompany investments		4,354.0		2,206.8		(5,994.5)		566.3		17,765.7		(18,332.0)		—
Other long-term assets		17.2		166.5		—		183.7		389.0		—		572.7
Long-term intercompany receivables		3,215.1		234.8		(1.1)		3,448.8		5,230.2		(8,679.0)		—
Deferred tax assets		—		—		—		—		35.2		—		35.2
Total assets	$	8,521.0	$	8,171.9	$	(6,276.3)	$	10,416.6	$	31,628.8	$	(32,969.4)	$	9,076.0

Liabilities
Current liabilities
Accounts payable and accrued liabilities	$	89.1	$	208.6	$	—	$	297.7	$	171.6	$	—	$	469.3
Intercompany payables		123.0		821.1		(280.7)		663.4		5,295.0		(5,958.4)		—
Current income tax payable		—		65.4		—		65.4		2.6		—		68.0
Current portion of long-term debt and credit facilities		—		—		—		—		—		—		—
Current portion of provisions		—		25.7		—		25.7		32.2		—		57.9
Other current liabilities		2.6		10.8		—		13.4		6.9		—		20.3
Deferred payment obligation		—		—		—		—		—		—		—
		214.7		1,131.6		(280.7)		1,065.6		5,508.3		(5,958.4)		615.5
Non-current liabilities
Long-term debt and credit facilities		1,837.4		—		—		1,837.4		—		—		1,837.4
Provisions		11.4		448.4		—		459.8		378.8		—		838.6
Long-term lease liabilities		18.4		11.5		—		29.9		9.0		—		38.9
Other long-term liabilities		0.3		45.0		—		45.3		63.2		—		108.5
Long-term intercompany payables		1,120.3		276.3		(1.1)		1,395.5		7,283.5		(8,679.0)		—
Deferred tax liabilities		—		264.6		—		264.6		39.9		—		304.5
Total liabilities		3,202.5		2,177.4		(281.8)		5,098.1		13,282.7		(14,637.4)		3,743.4

Equity
Common shareholders’ equity
Common share capital	$	14,926.2	$	1,786.6	$	(1,786.6)	$	14,926.2	$	19,285.5	$	(19,285.5)	$	14,926.2
Contributed surplus		242.1		2,187.6		(2,187.6)		242.1		7,844.4		(7,844.4)		242.1
Accumulated deficit		(9,829.4)		2,039.8		(2,039.8)		(9,829.4)		(8,744.0)		8,744.0		(9,829.4)
Accumulated other comprehensive income (loss)		(20.4)		(19.5)		19.5		(20.4)		(53.9)		53.9		(20.4)
Total common shareholders’ equity		5,318.5		5,994.5		(5,994.5)		5,318.5		18,332.0		(18,332.0)		5,318.5
Non-controlling interests		—		—		—		—		14.1		—		14.1
Total equity		5,318.5		5,994.5		(5,994.5)		5,318.5		18,346.1		(18,332.0)		5,332.6

Total liabilities and equity	$	8,521.0	$	8,171.9	$	(6,276.3)	$	10,416.6	$	31,628.8	$	(32,969.4)	$	9,076.0

Consolidating statement of operations for the year ended December 31, 2020


	Guarantors
	Kinross Gold		Guarantor		Guarantor		Total		Non-
	Corp.		Subsidiaries		Adjustments		Guarantors		guarantors		Eliminations		Consolidated
Revenue
Metal sales	$	2,225.4	$	2,229.0	$	(2,165.8)	$	2,288.6	$	1,924.8	$	—	$	4,213.4

Cost of sales
Production cost of sales		2,181.9		980.8		(2,165.8)		996.9		728.8		—		1,725.7
Depreciation, depletion and amortization		5.0		458.9		—		463.9		378.4		—		842.3
Reversals of impairment charges - net		—		—		—		—		(650.9)		—		(650.9)
Total cost of sales		2,186.9		1,439.7		(2,165.8)		1,460.8		456.3		—		1,917.1
Gross profit		38.5		789.3		—		827.8		1,468.5		—		2,296.3
Other operating expense		8.3		23.1		—		31.4		155.1		—		186.5
Exploration and business development		25.6		17.4		—		43.0		49.5		—		92.5
General and administrative		80.4		2.7		—		83.1		34.8		—		117.9
Operating earnings (loss)		(75.8)		746.1		—		670.3		1,229.1		—		1,899.4
Other income (expense) - net		22.8		7.7		—		30.5		188.2		(211.3)		7.4
Equity in earnings (losses) of intercompany investments		1,389.2		1,016.2		(1,522.7)		882.7		—		(882.7)		—
Finance income		80.6		2.7		(0.4)		82.9		143.5		(222.1)		4.3
Finance expense		(75.6)		(32.3)		0.4		(107.5)		(227.2)		222.1		(112.6)
Earnings (loss) before tax		1,341.2		1,740.4		(1,522.7)		1,558.9		1,333.6		(1,094.0)		1,798.5
Income tax expense - net		1.2		(217.7)		—		(216.5)		(223.3)		—		(439.8)
Net earnings (loss)	$	1,342.4	$	1,522.7	$	(1,522.7)	$	1,342.4	$	1,110.3	$	(1,094.0)	$	1,358.7
Net earnings (loss) attributable to:
Non-controlling interests	$	—	$	—	$	—	$	—	$	16.3	$	—	$	16.3
Common shareholders	$	1,342.4	$	1,522.7	$	(1,522.7)	$	1,342.4	$	1,094.0	$	(1,094.0)	$	1,342.4

Consolidating statement of operations for the year ended December 31, 2019


	Guarantors
	Kinross Gold		Guarantor		Guarantor		Total		Non-
	Corp.		Subsidiaries		Adjustments		Guarantors		guarantors		Eliminations		Consolidated
Revenue
Metal sales	$	1,892.0	$	1,848.0	$	(1,794.7)	$	1,945.3	$	1,552.0	$	—	$	3,497.3

Cost of sales
Production cost of sales		1,857.5		1,009.8		(1,794.5)		1,072.8		706.1		—		1,778.9
Depreciation, depletion and amortization		3.3		373.7		(0.2)		376.8		354.5		—		731.3
Reversals of impairment charges - net		—		(200.7)		—		(200.7)		(161.1)		—		(361.8)
Total cost of sales		1,860.8		1,182.8		(1,794.7)		1,248.9		899.5		—		2,148.4
Gross profit		31.2		665.2		—		696.4		652.5		—		1,348.9
Other operating expense		18.0		21.6		—		39.6		68.9		—		108.5
Exploration and business development		29.6		20.8		—		50.4		63.1		—		113.5
General and administrative		86.1		4.0		—		90.1		45.7		—		135.8
Operating earnings (loss)		(102.5)		618.8		—		516.3		474.8		—		991.1
Other income (expense) - net		33.0		1.9		—		34.9		249.5		(211.7)		72.7
Equity in earnings (losses) of intercompany investments		767.1		399.2		(824.4)		341.9		—		(341.9)		—
Finance income		83.5		12.3		(0.4)		95.4		134.5		(222.0)		7.9
Finance expense		(63.7)		(44.7)		0.4		(108.0)		(221.9)		222.0		(107.9)
Earnings (loss) before tax		717.4		987.5		(824.4)		880.5		636.9		(553.6)		963.8
Income tax expense - net		1.2		(163.1)		—		(161.9)		(84.8)		—		(246.7)
Net earnings (loss)	$	718.6	$	824.4	$	(824.4)	$	718.6	$	552.1	$	(553.6)	$	717.1
Net earnings (loss) attributable to:
Non-controlling interests	$	—	$	—	$	—	$	—	$	(1.5)	$	—	$	(1.5)
Common shareholders	$	718.6	$	824.4	$	(824.4)	$	718.6	$	553.6	$	(553.6)	$	718.6

Consolidating statement of comprehensive income (loss) for the year ended December 31, 2020


	Guarantors
	Kinross Gold		Guarantor		Guarantor		Total		Non-
	Corp.		Subsidiaries		Adjustments		Guarantors		guarantors		Eliminations		Consolidated
Net earnings (loss)	$	1,342.4	$	1,522.7	$	(1,522.7)	$	1,342.4	$	1,110.3	$	(1,094.0)	$	1,358.7
Other comprehensive income (loss), net of tax:
Items that will not be reclassified to profit or loss:
Equity investments at fair value through other comprehensive income - net change in fair value (a)		(5.9)		—		—		(5.9)		6.2		—		0.3
Items that are or may be reclassified to profit or loss in subsequent periods:
Cash flow hedges - effective portion of changes in fair value (b)		(1.9)		(25.8)		—		(27.7)		—		—		(27.7)
Cash flow hedges - reclassified out of accumulated other comprehensive income (c)		5.2		18.9		—		24.1		—		—		24.1
		(2.6)		(6.9)		—		(9.5)		6.2		—		(3.3)
Equity in other comprehensive income (loss) of intercompany investments		(0.7)		—		6.9		6.2		—		(6.2)		—
Total comprehensive income (loss)	$	1,339.1	$	1,515.8	$	(1,515.8)	$	1,339.1	$	1,116.5	$	(1,100.2)	$	1,355.4

Attributable to non-controlling interests	$	—	$	—	$	—	$	—	$	16.3	$	—	$	16.3
Attributable to common shareholders	$	1,339.1	$	1,515.8	$	(1,515.8)	$	1,339.1	$	1,100.2	$	(1,100.2)	$	1,339.1

(a) Net of tax of	$	—	$	—	$	—	$	—	$	—	$	—	$	—
(b) Net of tax of	$	(0.7)	$	(11.8)	$	—	$	(12.5)	$	—	$	—	$	(12.5)
(c) Net of tax of	$	1.9	$	8.5	$	—	$	10.4	$	—	$	—	$	10.4

Consolidating statement of comprehensive income (loss) for the year ended December 31, 2019


	Guarantors
	Kinross Gold		Guarantor		Guarantor		Total		Non-
	Corp.		Subsidiaries		Adjustments		Guarantors		guarantors		Eliminations		Consolidated
Net earnings (loss)	$	718.6	$	824.4	$	(824.4)	$	718.6	$	552.1	$	(553.6)	$	717.1

Other comprehensive income (loss), net of tax:
Items that will not be reclassified to profit or loss:
Equity investments at fair value through other comprehensive income - net change in fair value (a)		49.6		—		—		49.6		(0.6)		—		49.0
Items that are or may be reclassified to profit or loss in subsequent periods:
Cash flow hedges - effective portion of changes in fair value (b)		14.2		9.4		—		23.6		—		—		23.6
Cash flow hedges - reclassified out of accumulated other comprehensive income (c)		(0.3)		5.8		—		5.5		—		—		5.5
		63.5		15.2		—		78.7		(0.6)		—		78.1
Equity in other comprehensive income (loss) of intercompany investments		14.6		—		(15.2)		(0.6)		—		0.6		—
Total comprehensive income (loss)	$	796.7	$	839.6	$	(839.6)	$	796.7	$	551.5	$	(553.0)	$	795.2

Attributable to non-controlling interests	$	—	$	—	$	—	$	—	$	(1.5)	$	—	$	(1.5)
Attributable to common shareholders	$	796.7	$	839.6	$	(839.6)	$	796.7	$	553.0	$	(553.0)	$	796.7

(a) Net of tax of	$	—	$	—	$	—	$	—	$	0.3	$	—	$	0.3
(b) Net of tax of	$	1.3	$	3.2	$	—	$	4.5	$	—	$	—	$	4.5
(c) Net of tax of	$	(0.1)	$	3.3	$	—	$	3.2	$	—	$	—	$	3.2

Consolidating statement of cash flows for the year ended December 31, 2020


	Guarantors
	Kinross Gold		Guarantor		Guarantor		Total		Non-
	Corp.		Subsidiaries		Adjustments		Guarantors		guarantors		Eliminations		Consolidated
Net inflow (outflow) of cash related to the following activities:
Operating:
Net earnings (loss)	$	1,342.4	$	1,522.7	$	(1,522.7)	$	1,342.4	$	1,110.3	$	(1,094.0)	$	1,358.7
Adjustments to reconcile net earnings (loss) to net cash provided from (used in) operating activities:
Depreciation, depletion and amortization		5.0		458.9		—		463.9		378.4		—		842.3
Reversals of impairment charges - net		—		—		—		—		(650.9)		—		(650.9)
Equity in (earnings) losses of intercompany investments		(1,389.2)		(1,016.2)		1,522.7		(882.7)		—		882.7		—
Share-based compensation expense		13.7		—		—		13.7		—		—		13.7
Finance expense		75.6		32.3		(0.4)		107.5		227.2		(222.1)		112.6
Deferred tax expense (recovery)		(1.2)		61.1		—		59.9		158.0		—		217.9
Foreign exchange (gains) losses and other		15.0		0.5		—		15.5		(3.7)		—		11.8
Reclamation expense (recovery)		—		—		—		—		6.6		—		6.6
Changes in operating assets and liabilities:
Accounts receivable and other assets		(2.4)		3.7		—		1.3		(122.2)		—		(120.9)
Inventories		(0.5)		(61.9)		—		(62.4)		55.6		—		(6.8)
Accounts payable and accrued liabilities		(5.5)		124.5		—		119.0		160.0		—		279.0
Cash flow provided from (used in) operating activities		52.9		1,125.6		(0.4)		1,178.1		1,319.3		(433.4)		2,064.0
Income taxes paid		—		(88.4)		—		(88.4)		(18.0)		—		(106.4)
Net cash flow provided from (used in) operating activities		52.9		1,037.2		(0.4)		1,089.7		1,301.3		(433.4)		1,957.6
Investing:
Additions to property, plant and equipment		(3.2)		(554.0)		—		(557.2)		(358.9)		—		(916.1)
Interest paid capitalized to property, pLant and equipment		(0.1)		(26.8)		—		(26.9)		(21.0)		—		(47.9)
Acquisitions		1.3		—		—		1.3		(268.3)		—		(267.0)
Net proceeds from the sale of (additions to) long-term investments and other assets		7.5		(21.9)		—		(14.4)		8.5		—		(5.9)
Net proceeds from the sale of property, plant and equipment		—		1.8		—		1.8		6.6		—		8.4
(Increase) decrease in restricted cash - net		—		1.0		—		1.0		(24.5)		—		(23.5)
Interest received and other - net		0.7		0.5		—		1.2		1.7		—		2.9
Net cash flow provided from (used in) investing activities		6.2		(599.4)		—		(593.2)		(655.9)		—		(1,249.1)
Financing:
Proceeds from drawdown of debt		750.0		—		—		750.0		200.0		—		950.0
Repayment of debt		(850.0)		—		—		(850.0)		—		—		(850.0)
Interest paid		(63.1)		—		—		(63.1)		—		—		(63.1)
Payment of lease liabilities		(1.8)		(10.8)		—		(12.6)		(8.1)		—		(20.7)
Dividends received from (paid to) common shareholders and subsidiaries		(72.0)		(48.4)		—		(120.4)		(166.4)		211.3		(75.5)
Dividend paid to non-controlling interest		—		—		—		—		(6.0)		—		(6.0)
Intercompany advances		159.2		(129.9)		0.4		29.7		(251.8)		222.1		—
Other - net		9.2		—		—		9.2		(11.6)		—		(2.4)
Net cash flow provided from (used in) financing activities		(68.5)		(189.1)		0.4		(257.2)		(243.9)		433.4		(67.7)
Effect of exchange rate changes on cash and cash equivalents		—		—		—		—		(5.0)		—		(5.0)
Increase (decrease) in cash and cash equivalents		(9.4)		248.7		—		239.3		396.5		—		635.8
Cash and cash equivalents, beginning of period		124.9		118.1		—		243.0		332.1		—		575.1
Cash and cash equivalents, end of period	$	115.5	$	366.8	$	—	$	482.3	$	728.6	$	—	$	1,210.9

Consolidating statement of cash flows for the year ended December 31, 2019


	Guarantors
	Kinross Gold		Guarantor		Guarantor		Total		Non-
	Corp.		Subsidiaries		Adjustments		Guarantors		guarantors		Eliminations		Consolidated
Net inflow (outflow) of cash related to the following activities:
Operating:
Net earnings (loss)	$	718.6	$	824.4	$	(824.4)	$	718.6	$	552.1	$	(553.6)	$	717.1
Adjustments to reconcile net earnings (loss) to net cash provided from (used in) operating activities:
Depreciation, depletion and amortization		3.3		373.7		(0.2)		376.8		354.5		—		731.3
Reversals of impairment charges - net		—		(200.7)		—		(200.7)		(161.1)		—		(361.8)
Equity in (earnings) losses of intercompany investments		(767.1)		(399.2)		824.4		(341.9)		—		341.9		—
Share-based compensation expense		14.3		—		—		14.3		—		—		14.3
Finance expense		63.7		44.7		(0.4)		108.0		221.9		(222.0)		107.9
Deferred tax expense (recovery)		(1.2)		65.8		—		64.6		(23.5)		—		41.1
Foreign exchange (gains) losses and other		(9.8)		(10.4)		—		(20.2)		(33.0)		—		(53.2)
Reclamation expense (recovery)		—		—		—		—		(11.9)		—		(11.9)
Changes in operating assets and liabilities:
Accounts receivable and other assets		(1.2)		(14.4)		—		(15.6)		(48.9)		—		(64.5)
Inventories		(0.8)		12.6		0.2		12.0		41.8		—		53.8
Accounts payable and accrued liabilities		4.1		75.0		—		79.1		86.8		—		165.9
Cash flow provided from (used in) operating activities		23.9		771.5		(0.4)		795.0		978.7		(433.7)		1,340.0
Income taxes paid		—		(51.7)		—		(51.7)		(63.4)		—		(115.1)
Net cash flow provided from (used in) operating activities		23.9		719.8		(0.4)		743.3		915.3		(433.7)		1,224.9
Investing:
Additions to property, plant and equipment		(30.4)		(663.8)		—		(694.2)		(366.0)		—		(1,060.2)
Interest paid capitalized to property, plant and equipment		(0.3)		(32.6)		—		(32.9)		(12.1)		—		(45.0)
Acquisitions		—		—		—		—		(30.0)		—		(30.0)
Net proceeds from the sale of (additions to) long-term investments and other assets		126.8		(22.6)		—		104.2		(32.6)		—		71.6
Net proceeds from the sale of property, plant and equipment		12.0		0.3		—		12.3		19.6		—		31.9
(Increase) decrease in restricted cash - net		—		(0.4)		—		(0.4)		(2.1)		—		(2.5)
Interest received and other - net		0.5		1.6		—		2.1		5.5		—		7.6
Net cash flow provided from (used in) investing activities		108.6		(717.5)		—		(608.9)		(417.7)		—		(1,026.6)
Financing:
Proceeds from drawdown of debt		300.0		—		—		300.0		—		—		300.0
Repayment of debt		(200.0)		—		—		(200.0)		—		—		(200.0)
Interest paid		(55.6)		—		—		(55.6)		—		—		(55.6)
Payment of lease liabilities		(2.0)		(8.6)		—		(10.6)		(3.7)		—		(14.3)
Dividends received from (paid to) common shareholders and subsidiaries		—		(22.3)		—		(22.3)		(189.4)		211.7		—
Dividend paid to non-controlling interest		—		—		—		—		(5.0)		—		(5.0)
Intercompany advances		(83.6)		57.5		0.4		(25.7)		(196.3)		222.0		—
Other - net		3.9		—		—		3.9		(3.9)		—		—
Net cash flow provided from (used in) financing activities		(37.3)		26.6		0.4		(10.3)		(398.3)		433.7		25.1
Effect of exchange rate changes on cash and cash equivalents		—		—		—		—		2.7		—		2.7
Increase (decrease) in cash and cash equivalents		95.2		28.9		—		124.1		102.0		—		226.1
Cash and cash equivalents, beginning of period		29.7		89.2		—		118.9		230.1		—		349.0
Cash and cash equivalents, end of period	$	124.9	$	118.1	$	—	$	243.0	$	332.1	$	—	$	575.1