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Consolidating Guarantor and Non-Guarantor Financial Information (Tables) | 12 Months Ended
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Sep. 30, 2014
Consolidating Guarantor And Non-Guarantor Financial Information [Abstract] |
Schedule Of Guarantor Companies | The following information is included as a result of the guarantee by certain of our 100% owned U.S. subsidiaries (“Guarantor Companies”) of the Senior Unsecured Notes and the Senior Subordinated Notes. None of our other subsidiaries or our industrial valve joint venture guarantee the Senior Unsecured Notes and the Senior Subordinated Notes. Each of the guarantees is joint and several and full and unconditional. Guarantor Companies are listed below.
Name |  | State of incorporation or organization
Anvil International, LLC |  | Delaware
Echologics, LLC |  | Delaware
Henry Pratt Company, LLC |  | Delaware
Henry Pratt International, LLC |  | Delaware
Hydro Gate, LLC |  | Delaware
J.B. Smith Mfg. Co., LLC |  | Delaware
James Jones Company, LLC |  | Delaware
Milliken Valve, LLC |  | Delaware
Mueller Co. LLC |  | Delaware
Mueller Group, LLC |  | Delaware
Mueller Group Co-Issuer, Inc. |  | Delaware
Mueller International, L.L.C. |  | Delaware
Mueller Property Holdings, LLC |  | Delaware
Mueller Co. International Holdings, LLC |  | Delaware
Mueller Service California, Inc. |  | Delaware
Mueller Service Co., LLC |  | Delaware
Mueller Systems, LLC |  | Delaware
OSP, LLC |  | Delaware
U.S. Pipe Valve & Hydrant, LLC |  | Delaware
The consolidating statements of cash flows below present intercompany cash transfers as financing or investing cash flows, rather than as operating cash flows as was previously our practice. The prior years' presentations have been revised to conform to the current year presentation.
Schedule Of Consolidating Balance Sheet | Mueller Water Products, Inc. and Subsidiaries Consolidating Balance Sheet September 30, 2014
| Issuer |  | Guarantor companies |  | Non- guarantor companies |  | Eliminations |  | Total
|  |  |  |  | (in millions) |  |  |  |
Assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 125.5 |  |  | $ | (2.1 | ) |  | $ | 37.7 |  |  | $ | — |  |  | $ | 161.1 |
Receivables, net | 0.1 |  |  | 166.4 |  |  | 15.6 |  |  | — |  |  | 182.1 |
Inventories | — |  |  | 187.4 |  |  | 10.6 |  |  | — |  |  | 198.0 |
Deferred income taxes | 38.0 |  |  | — |  |  | 0.6 |  |  | — |  |  | 38.6 |
Other current assets | 16.5 |  |  | 26.0 |  |  | 1.6 |  |  | — |  |  | 44.1 |
Total current assets | 180.1 |  |  | 377.7 |  |  | 66.1 |  |  | — |  |  | 623.9 |
Property, plant and equipment | 1.5 |  |  | 137.0 |  |  | 7.8 |  |  | — |  |  | 146.3 |
Intangible assets | — |  |  | 531.6 |  |  | 2.0 |  |  | — |  |  | 533.6 |
Other noncurrent assets | 11.7 |  |  | 0.3 |  |  | 1.3 |  |  | — |  |  | 13.3 |
Investment in subsidiaries | 263.2 |  |  | 41.3 |  |  | — |  |  | (304.5 | ) |  | — |
Intercompany accounts | 882.7 |  |  | — |  |  | — |  |  | (882.7 | ) |  | — |
Total assets | $ | 1,339.2 |  |  | $ | 1,087.9 |  |  | $ | 77.2 |  |  | $ | (1,187.2 | ) |  | $ | 1,317.1 |
Liabilities and equity: |  |  |  |  |  |  |  |  |
Current portion of long-term debt | $ | 45.0 |  |  | $ | 1.2 |  |  | $ | — |  |  | $ | — |  |  | $ | 46.2 |
Accounts payable | 4.5 |  |  | 105.0 |  |  | 6.5 |  |  | — |  |  | 116.0 |
Other current liabilities | 29.9 |  |  | 48.9 |  |  | 3.4 |  |  | — |  |  | 82.2 |
Total current liabilities | 79.4 |  |  | 155.1 |  |  | 9.9 |  |  | — |  |  | 244.4 |
Long-term debt | 498.3 |  |  | 1.1 |  |  | — |  |  | — |  |  | 499.4 |
Deferred income taxes | 149.9 |  |  | — |  |  | 0.5 |  |  | — |  |  | 150.4 |
Other noncurrent liabilities | 63.8 |  |  | 6.5 |  |  | 1.0 |  |  | — |  |  | 71.3 |
Intercompany accounts | 196.2 |  |  | 662.0 |  |  | 24.5 |  |  | (882.7 | ) |  | — |
Total liabilities | 987.6 |  |  | 824.7 |  |  | 35.9 |  |  | (882.7 | ) |  | 965.5 |
Equity | 351.6 |  |  | 263.2 |  |  | 41.3 |  |  | (304.5 | ) |  | 351.6 |
Total liabilities and equity | $ | 1,339.2 |  |  | $ | 1,087.9 |  |  | $ | 77.2 |  |  | $ | (1,187.2 | ) |  | $ | 1,317.1 |
Mueller Water Products, Inc. and Subsidiaries Consolidating Balance Sheet September 30, 2013
| Issuer |  | Guarantor companies |  | Non- guarantor companies |  | Eliminations |  | Total
|  |  |  |  | (in millions) |  |  |  |
Assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 86.6 |  |  | $ | (2.3 | ) |  | $ | 39.3 |  |  | $ | — |  |  | $ | 123.6 |
Receivables, net | 0.1 |  |  | 150.4 |  |  | 14.0 |  |  | — |  |  | 164.5 |
Inventories | — |  |  | 195.3 |  |  | 13.2 |  |  | — |  |  | 208.5 |
Deferred income taxes | 26.3 |  |  | — |  |  | 0.4 |  |  | — |  |  | 26.7 |
Other current assets | 18.2 |  |  | 25.7 |  |  | 2.2 |  |  | — |  |  | 46.1 |
Total current assets | 131.2 |  |  | 369.1 |  |  | 69.1 |  |  | — |  |  | 569.4 |
Property, plant and equipment | 1.5 |  |  | 132.0 |  |  | 8.4 |  |  | — |  |  | 141.9 |
Intangible assets | — |  |  | 551.3 |  |  | 1.8 |  |  | — |  |  | 553.1 |
Other noncurrent assets | 16.0 |  |  | 0.2 |  |  | 1.3 |  |  | — |  |  | 17.5 |
Investment in subsidiaries | 155.2 |  |  | 39.2 |  |  | — |  |  | (194.4 | ) |  | — |
Intercompany accounts | 882.7 |  |  | — |  |  | — |  |  | (882.7 | ) |  | — |
Total assets | $ | 1,186.6 |  |  | $ | 1,091.8 |  |  | $ | 80.6 |  |  | $ | (1,077.1 | ) |  | $ | 1,281.9 |
Liabilities and equity: |  |  |  |  |  |  |  |  |
Current portion of long-term debt | $ | — |  |  | $ | 1.3 |  |  | $ | — |  |  | $ | — |  |  | $ | 1.3 |
Accounts payable | 4.6 |  |  | 90.0 |  |  | 6.6 |  |  | — |  |  | 101.2 |
Other current liabilities | 29.7 |  |  | 46.6 |  |  | 4.3 |  |  | — |  |  | 80.6 |
Total current liabilities | 34.3 |  |  | 137.9 |  |  | 10.9 |  |  | — |  |  | 183.1 |
Long-term debt | 598.0 |  |  | 1.5 |  |  | — |  |  | — |  |  | 599.5 |
Deferred income taxes | 140.9 |  |  | — |  |  | 0.6 |  |  | — |  |  | 141.5 |
Other noncurrent liabilities | 21.3 |  |  | 7.5 |  |  | 0.8 |  |  | — |  |  | 29.6 |
Intercompany accounts | 63.9 |  |  | 789.7 |  |  | 29.1 |  |  | (882.7 | ) |  | — |
Total liabilities | 858.4 |  |  | 936.6 |  |  | 41.4 |  |  | (882.7 | ) |  | 953.7 |
Equity | 328.2 |  |  | 155.2 |  |  | 39.2 |  |  | (194.4 | ) |  | 328.2 |
Total liabilities and equity | $ | 1,186.6 |  |  | $ | 1,091.8 |  |  | $ | 80.6 |  |  | $ | (1,077.1 | ) |  | $ | 1,281.9 |
Schedule Of Consolidating Statement Of Operations | Mueller Water Products, Inc. and Subsidiaries Consolidating Statement of Operations Year Ended September 30, 2014
| Issuer |  | Guarantor companies |  | Non- guarantor companies |  | Eliminations |  | Total
|  |  |  |  | (in millions) |  |  |  |
Net sales | $ | — |  |  | $ | 1,072.4 |  |  | $ | 112.3 |  |  | $ | — |  |  | $ | 1,184.7 |
Cost of sales | — |  |  | 739.3 |  |  | 97.5 |  |  | — |  |  | 836.8 |
Gross profit | — |  |  | 333.1 |  |  | 14.8 |  |  | — |  |  | 347.9 |
Operating expenses: |  |  |  |  |  |  |  |  |
Selling, general and administrative | 39.1 |  |  | 171.2 |  |  | 10.4 |  |  | — |  |  | 220.7 |
Restructuring | — |  |  | 0.6 |  |  | 2.5 |  |  | — |  |  | 3.1 |
Total operating expenses | 39.1 |  |  | 171.8 |  |  | 12.9 |  |  | — |  |  | 223.8 |
Operating income (loss) | (39.1 | ) |  | 161.3 |  |  | 1.9 |  |  | — |  |  | 124.1 |
Interest expense, net | 49.7 |  |  | 0.2 |  |  | (0.3 | ) |  | — |  |  | 49.6 |
Loss on early extinguishment of debt | 1.0 |  |  | — |  |  | — |  |  | — |  |  | 1.0 |
Income (loss) before income taxes | (89.8 | ) |  | 161.1 |  |  | 2.2 |  |  | — |  |  | 73.5 |
Income tax expense (benefit) | (41.9 | ) |  | 59.4 |  |  | 0.5 |  |  | — |  |  | 18.0 |
Equity in income of subsidiaries | 103.4 |  |  | 1.7 |  |  | — |  |  | (105.1 | ) |  | — |
Net income | $ | 55.5 |  |  | $ | 103.4 |  |  | $ | 1.7 |  |  | $ | (105.1 | ) |  | 55.5 |
Mueller Water Products, Inc. and Subsidiaries Consolidating Statement of Operations Year Ended September 30, 2013
| Issuer |  | Guarantor companies |  | Non- guarantor companies |  | Eliminations |  | Total
|  |  |  |  | (in millions) |  |  |  |
Net sales | $ | — |  |  | $ | 1,005.9 |  |  | $ | 114.9 |  |  | $ | — |  |  | $ | 1,120.8 |
Cost of sales | — |  |  | 708.6 |  |  | 99.0 |  |  | — |  |  | 807.6 |
Gross profit | — |  |  | 297.3 |  |  | 15.9 |  |  | — |  |  | 313.2 |
Operating expenses: |  |  |  |  |  |  |  |  |
Selling, general and administrative | 34.0 |  |  | 168.2 |  |  | 12.2 |  |  | — |  |  | 214.4 |
Restructuring | — |  |  | 1.4 |  |  | 0.1 |  |  | — |  |  | 1.5 |
Total operating expenses | 34.0 |  |  | 169.6 |  |  | 12.3 |  |  | — |  |  | 215.9 |
Operating income (loss) | (34.0 | ) |  | 127.7 |  |  | 3.6 |  |  | — |  |  | 97.3 |
Interest expense (income), net | 51.6 |  |  | 0.3 |  |  | (0.2 | ) |  | — |  |  | 51.7 |
Loss on early extinguishment of debt | 1.4 |  |  | — |  |  | — |  |  | — |  |  | 1.4 |
Income (loss) before income taxes | (87.0 | ) |  | 127.4 |  |  | 3.8 |  |  | — |  |  | 44.2 |
Income tax expense (benefit) | (17.3 | ) |  | 25.5 |  |  | 0.6 |  |  | — |  |  | 8.8 |
Equity in income of subsidiaries | 105.1 |  |  | 3.2 |  |  | — |  |  | (108.3 | ) |  | — |
Income from continuing operations | 35.4 |  |  | 105.1 |  |  | 3.2 |  |  | (108.3 | ) |  | 35.4 |
Income from discontinued operations | 5.4 |  |  | — |  |  | — |  |  | — |  |  | 5.4 |
Net income | $ | 40.8 |  |  | $ | 105.1 |  |  | $ | 3.2 |  |  | $ | (108.3 | ) |  | $ | 40.8 |
Mueller Water Products, Inc. and Subsidiaries Consolidating Statement of Operations Year Ended September 30, 2012
| Issuer |  | Guarantor companies |  | Non- guarantor companies |  | Eliminations |  | Total
|  |  |  |  | (in millions) |  |  |  |
Net sales | $ | — |  |  | $ | 907.0 |  |  | $ | 116.9 |  |  | $ | — |  |  | $ | 1,023.9 |
Cost of sales | — |  |  | 652.1 |  |  | 100.7 |  |  | — |  |  | 752.8 |
Gross profit | — |  |  | 254.9 |  |  | 16.2 |  |  | — |  |  | 271.1 |
Operating expenses: |  |  |  |  |  |  |  |  |
Selling, general and administrative | 30.6 |  |  | 160.2 |  |  | 13.4 |  |  | — |  |  | 204.2 |
Restructuring | — |  |  | 2.7 |  |  | 0.1 |  |  | — |  |  | 2.8 |
Total operating expenses | 30.6 |  |  | 162.9 |  |  | 13.5 |  |  | — |  |  | 207.0 |
Operating income | (30.6 | ) |  | 92.0 |  |  | 2.7 |  |  | — |  |  | 64.1 |
Interest expense (income), net | 60.0 |  |  | 0.2 |  |  | (0.3 | ) |  | — |  |  | 59.9 |
Loss on early extinguishment of debt | 1.5 |  |  | — |  |  | — |  |  | — |  |  | 1.5 |
Income (loss) before income taxes | (92.1 | ) |  | 91.8 |  |  | 3.0 |  |  | — |  |  | 2.7 |
Income tax expense (benefit) | (28.3 | ) |  | 35.6 |  |  | 0.6 |  |  | — |  |  | 7.9 |
Equity in income of subsidiaries | 58.6 |  |  | 2.4 |  |  | — |  |  | (61.0 | ) |  | — |
Income (loss) from continuing operations | (5.2 | ) |  | 58.6 |  |  | 2.4 |  |  | (61.0 | ) |  | (5.2 | )
Loss from discontinued operations, net of tax | (103.2 | ) |  | — |  |  | — |  |  | — |  |  | (103.2 | )
Net income (loss) | $ | (108.4 | ) |  | $ | 58.6 |  |  | $ | 2.4 |  |  | $ | (61.0 | ) |  | $ | (108.4 | )
Schedule Of Consolidating Statement Of Other Comprehensive Income [Table Text Block] | Mueller Water Products, Inc. and Subsidiaries Consolidating Statement of Comprehensive Income (Loss) Year Ended September 30, 2014
| Issuer |  | Guarantor companies |  | Non- guarantor companies |  | Eliminations |  | Total
|  |  |  |  | (in millions) |  |  |  |
Net income | $ | 55.5 |  |  | $ | 103.4 |  |  | $ | 1.7 |  |  | $ | (105.1 | ) |  | $ | 55.5 |
Other comprehensive income (loss): |  |  |  |  |  |  |  |  |
Minimum pension liability, net of tax | (27.7 | ) |  | — |  |  | — |  |  | — |  |  | (27.7 | )
Equity in other comprehensive loss of subsidiaries | (4.4 | ) |  | (4.4 | ) |  | — |  |  | 8.8 |  |  | — |
Foreign currency translation | — |  |  | — |  |  | (4.4 | ) |  | — |  |  | (4.4 | )
| (32.1 | ) |  | (4.4 | ) |  | (4.4 | ) |  | 8.8 |  |  | (32.1 | )
Comprehensive income (loss) | $ | 23.4 |  |  | $ | 99.0 |  |  | $ | (2.7 | ) |  | $ | (96.3 | ) |  | $ | 23.4 |
Mueller Water Products, Inc. and Subsidiaries Consolidating Statement of Comprehensive Income Year Ended September 30, 2013
| Issuer |  | Guarantor companies |  | Non- guarantor companies |  | Eliminations |  | Total
|  |  |  |  | (in millions) |  |  |  |
Net income | $ | 40.8 |  |  | $ | 105.1 |  |  | $ | 3.2 |  |  | $ | (108.3 | ) |  | $ | 40.8 |
Other comprehensive income (loss): |  |  |  |  |  |  |  |  |
Minimum pension liability, net of tax | 61.5 |  |  | — |  |  | — |  |  | — |  |  | 61.5 |
Equity in other comprehensive income of subsidiaries | (2.4 | ) |  | (2.4 | ) |  | — |  |  | 4.8 |  |  | — |
Foreign currency translation | — |  |  | — |  |  | (2.4 | ) |  | — |  |  | (2.4 | )
| 59.1 |  |  | (2.4 | ) |  | (2.4 | ) |  | 4.8 |  |  | 59.1 |
Comprehensive income | $ | 99.9 |  |  | $ | 102.7 |  |  | $ | 0.8 |  |  | $ | (103.5 | ) |  | $ | 99.9 |
Mueller Water Products, Inc. and Subsidiaries Consolidating Statement of Comprehensive Income (Loss) Year Ended September 30, 2012
| Issuer |  | Guarantor companies |  | Non- guarantor companies |  | Eliminations |  | Total
|  |  |  |  | (in millions) |  |  |  |
Net income (loss) | $ | (108.4 | ) |  | $ | 58.6 |  |  | $ | 2.4 |  |  | $ | (61.0 | ) |  | $ | (108.4 | )
Other comprehensive income (loss): |  |  |  |  |  |  |  |  |
Minimum pension liability, net of tax | (39.4 | ) |  | — |  |  | — |  |  | — |  |  | (39.4 | )
Interest rate swap contracts, net of tax | 3.0 |  |  | — |  |  | — |  |  | — |  |  | 3.0 |
Equity in other comprehensive loss of subsidiaries | 2.9 |  |  | 2.9 |  |  |  |  |  | (5.8 | ) |  | — |
Foreign currency translation | — |  |  | — |  |  | 2.9 |  |  | — |  |  | 2.9 |
| (33.5 | ) |  | 2.9 |  |  | 2.9 |  |  | (5.8 | ) |  | (33.5 | )
Comprehensive income (loss) | $ | (141.9 | ) |  | $ | 61.5 |  |  | $ | 5.3 |  |  | $ | (66.8 | ) |  | $ | (141.9 | )
Schedule Of Consolidating Statement Of Cash Flow | Mueller Water Products, Inc. and Subsidiaries Consolidating Statement of Cash Flows Year Ended September 30, 2014
| Issuer |  | Guarantor companies |  | Non- guarantor companies |  | Eliminations |  | Total
|  |  |  |  | (in millions) |  |  |  |
Operating activities: |  |  |  |  |  |  |  |  |
Net cash provided by (used in) operating activities | $ | (108.0 | ) |  | $ | 256.5 |  |  | $ | (0.9 | ) |  | $ | — |  |  | $ | 147.6 |
Investing activities: |  |  |  |  |  |  |  |  |
Capital expenditures | (0.2 | ) |  | (35.3 | ) |  | (1.4 | ) |  | — |  |  | (36.9 | )
Business acquisitions, net of cash acquired | — |  |  | (11.7 | ) |  | — |  |  | 1.7 |  |  | (10.0 | )
Proceeds from sales of assets | — |  |  | 4.7 |  |  | — |  |  | — |  |  | 4.7 |
Intercompany | — |  |  | (213.3 | ) |  | — |  |  | 213.3 |  |  | — |
Net cash used in investing activities | (0.2 | ) |  | (255.6 | ) |  | (1.4 | ) |  | 215.0 |  |  | (42.2 | )
Financing activities: |  |  |  |  |  |  |  |  |
Debt paid | (55.7 | ) |  | — |  |  | — |  |  | — |  |  | (55.7 | )
Dividends paid | (11.2 | ) |  | — |  |  | — |  |  | — |  |  | (11.2 | )
Common stock issued | 4.2 |  |  | — |  |  | — |  |  | — |  |  | 4.2 |
Shares retained for employee taxes | (3.1 | ) |  | — |  |  | — |  |  | — |  |  | (3.1 | )
Joint venture capital contributed | — |  |  | — |  |  | 3.4 |  |  | (1.7 | ) |  | 1.7 |
Intercompany | 213.3 |  |  | — |  |  | — |  |  | (213.3 | ) |  | — |
Other | (0.4 | ) |  | (0.7 | ) |  | — |  |  | — |  |  | (1.1 | )
Net cash provided by (used in) financing activities | 147.1 |  |  | (0.7 | ) |  | 3.4 |  |  | (215.0 | ) |  | (65.2 | )
Effect of currency exchange rate changes on cash | — |  |  | — |  |  | (2.7 | ) |  | — |  |  | (2.7 | )
Net change in cash and cash equivalents | 38.9 |  |  | 0.2 |  |  | (1.6 | ) |  | — |  |  | 37.5 |
Cash and cash equivalents at beginning of year | 86.6 |  |  | (2.3 | ) |  | 39.3 |  |  | — |  |  | 123.6 |
Cash and cash equivalents at end of year | $ | 125.5 |  |  | $ | (2.1 | ) |  | $ | 37.7 |  |  | $ | — |  |  | $ | 161.1 |
Mueller Water Products, Inc. and Subsidiaries Consolidating Statement of Cash Flows Year Ended September 30, 2013
| Issuer |  | Guarantor companies |  | Non- guarantor companies |  | Eliminations |  | Total
|  |  |  |  | (in millions) |  |  |  |
Operating activities: |  |  |  |  |  |  |  |  |
Net cash provided by (used in) operating activities from continuing operations | $ | (102.7 | ) |  | $ | 207.8 |  |  | $ | 9.0 |  |  | $ | — |  |  | $ | 114.1 |
Investing activities: |  |  |  |  |  |  |  |  |
Capital expenditures | (0.2 | ) |  | (34.4 | ) |  | (1.9 | ) |  | — |  |  | (36.5 | )
Business acquisitions, net of cash acquired | — |  |  | (0.2 | ) |  | — |  |  | — |  |  | (0.2 | )
Proceeds from sales of assets | — |  |  | 0.5 |  |  | — |  |  | — |  |  | 0.5 |
Intercompany | — |  |  | (169.9 | ) |  | — |  |  | 169.9 |  |  | — |
Net cash used in investing activities from continuing operations | (0.2 | ) |  | (204.0 | ) |  | (1.9 | ) |  | 169.9 |  |  | (36.2 | )
Financing activities: |  |  |  |  |  |  |  |  |
Debt paid | (23.2 | ) |  | — |  |  | — |  |  | — |  |  | (23.2 | )
Dividends paid | (11.0 | ) |  | — |  |  | — |  |  | — |  |  | (11.0 | )
Common stock issued | 3.1 |  |  | — |  |  | — |  |  | — |  |  | 3.1 |
Shares retained for employee taxes | (1.5 | ) |  | — |  |  | — |  |  | — |  |  | (1.5 | )
Payment of deferred financing fees | (0.7 | ) |  | — |  |  | — |  |  | — |  |  | (0.7 | )
Intercompany | 169.9 |  |  | — |  |  | — |  |  | (169.9 | ) |  | — |
Other | — |  |  | (2.4 | ) |  | — |  |  | — |  |  | (2.4 | )
Net cash provided by (used in) financing activities from continuing operations | 136.6 |  |  | (2.4 | ) |  | — |  |  | (169.9 | ) |  | (35.7 | )
Net cash flows from discontinued operations: |  |  |  |  |  |  |  |  |
Operating activities | (4.9 | ) |  | — |  |  | — |  |  | — |  |  | (4.9 | )
Investing activities | 4.5 |  |  | — |  |  | — |  |  | — |  |  | 4.5 |
Net cash provided by discontinued operations | (0.4 | ) |  | — |  |  | — |  |  | — |  |  | (0.4 | )
Effect of currency exchange rate changes on cash | — |  |  | — |  |  | (1.2 | ) |  | — |  |  | (1.2 | )
Net change in cash and cash equivalents | 33.3 |  |  | 1.4 |  |  | 5.9 |  |  | — |  |  | 40.6 |
Cash and cash equivalents at beginning of year | 53.3 |  |  | (3.7 | ) |  | 33.4 |  |  | — |  |  | 83.0 |
Cash and cash equivalents at end of year | $ | 86.6 |  |  | $ | (2.3 | ) |  | $ | 39.3 |  |  | $ | — |  |  | $ | 123.6 |
Mueller Water Products, Inc. and Subsidiaries Consolidating Statement of Cash Flows Year Ended September 30, 2012
| Issuer |  | Guarantor companies |  | Non- guarantor companies |  | Eliminations |  | Total
|  |  |  |  | (in millions) |  |  |  |
Operating activities: |  |  |  |  |  |  |  |  |
Net cash provided by (used in) operating activities from continuing operations | $ | (112.9 | ) |  | $ | 186.0 |  |  | $ | 3.7 |  |  | $ | — |  |  | $ | 76.8 |
Investing activities: |  |  |  |  |  |  |  |  |
Capital expenditures | — |  |  | (30.5 | ) |  | (0.9 | ) |  | — |  |  | (31.4 | )
Business acquisitions, net of cash acquired | — |  |  | (1.8 | ) |  | 0.5 |  |  | — |  |  | (1.3 | )
Proceeds from sales of assets | — |  |  | 0.3 |  |  | — |  |  | — |  |  | 0.3 |
Intercompany | — |  |  | (153.8 | ) |  | — |  |  | 153.8 |  |  | — |
Net cash provided by (used in) investing activities from continuing operations | — |  |  | (185.8 | ) |  | (0.4 | ) |  | 153.8 |  |  | (32.4 | )
Financing activities: |  |  |  |  |  |  |  |  |
Debt paid | (57.2 | ) |  | — |  |  | — |  |  | — |  |  | (57.2 | )
Dividends paid | (11.0 | ) |  | — |  |  | — |  |  | — |  |  | (11.0 | )
Common stock issued | 0.7 |  |  | — |  |  | — |  |  | — |  |  | 0.7 |
Shares retained for employee taxes | (0.5 | ) |  | — |  |  | — |  |  | — |  |  | (0.5 | )
Intercompany | 153.8 |  |  | — |  |  | — |  |  | (153.8 | ) |  | — |
Other | — |  |  | (0.1 | ) |  | — |  |  | — |  |  | (0.1 | )
Net cash provided by (used in) financing activities from continuing operations | 85.8 |  |  | (0.1 | ) |  | — |  |  | (153.8 | ) |  | (68.1 | )
Net cash flows from discontinued operations: |  |  |  |  |  |  |  |  |  |
Operating activities | (43.3 | ) |  | — |  |  | — |  |  | — |  |  | (43.3 | )
Investing activities | 87.5 |  |  | — |  |  | — |  |  | — |  |  | 87.5 |
Net cash used in discontinued operations | 44.2 |  |  | — |  |  | — |  |  | — |  |  | 44.2 |
Effect of currency exchange rate changes on cash | — |  |  | — |  |  | 1.5 |  |  | — |  |  | 1.5 |
Net change in cash and cash equivalents | 17.1 |  |  | 0.1 |  |  | 4.8 |  |  | — |  |  | 22.0 |
Cash and cash equivalents at beginning of year | 36.2 |  |  | (3.8 | ) |  | 28.6 |  |  | — |  |  | 61.0 |
Cash and cash equivalents at end of year | $ | 53.3 |  |  | $ | (3.7 | ) |  | $ | 33.4 |  |  | $ | — |  |  | $ | 83.0 |

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