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Condensed consolidating financial information (Tables) | 9 Months Ended
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Oct. 28, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Condensed Income Statement | Condensed Consolidated Income Statement For the 13 weeks ended October 28, 2017 (Unaudited)
(in millions) | Signet Jewelers Limited |  | Signet UK Finance plc |  | Guarantor Subsidiaries |  | Non- Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Sales | $ | — |  |  | $ | — |  |  | $ | 1,067.0 |  |  | $ | 89.9 |  |  | $ | — |  |  | $ | 1,156.9 |
Cost of sales | — |  |  | — |  |  | (799.9 | ) |  | (35.9 | ) |  | — |  |  | (835.8 | )
Gross margin | — |  |  | — |  |  | 267.1 |  |  | 54.0 |  |  | — |  |  | 321.1 |
Selling, general and administrative expenses | (0.6 | ) |  | — |  |  | (346.4 | ) |  | (28.9 | ) |  | — |  |  | (375.9 | )
Credit transaction, net | — |  |  | — |  |  | (12.2 | ) |  | — |  |  | — |  |  | (12.2 | )
Other operating income (loss), net | — |  |  | — |  |  | 72.7 |  |  | (0.2 | ) |  | — |  |  | 72.5 |
Operating (loss) income | (0.6 | ) |  | — |  |  | (18.8 | ) |  | 24.9 |  |  | — |  |  | 5.5 |
Intra-entity interest income (expense) | — |  |  | 4.7 |  |  | (47.0 | ) |  | 42.3 |  |  | — |  |  | — |
Interest expense, net | — |  |  | (5.1 | ) |  | (7.7 | ) |  | (3.8 | ) |  | — |  |  | (16.6 | )
(Loss) income before income taxes | (0.6 | ) |  | (0.4 | ) |  | (73.5 | ) |  | 63.4 |  |  | — |  |  | (11.1 | )
Income taxes | — |  |  | 0.1 |  |  | 28.3 |  |  | (21.2 | ) |  | — |  |  | 7.2 |
Equity in income of subsidiaries | (3.3 | ) |  | — |  |  | (71.5 | ) |  | (45.5 | ) |  | 120.3 |  |  | — |
Net (loss) income | $ | (3.9 | ) |  | $ | (0.3 | ) |  | $ | (116.7 | ) |  | $ | (3.3 | ) |  | $ | 120.3 |  |  | $ | (3.9 | )
Dividends on redeemable convertible preferred shares | (8.2 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (8.2 | )
Net (loss) income attributable to common shareholders | $ | (12.1 | ) |  | $ | (0.3 | ) |  | $ | (116.7 | ) |  | $ | (3.3 | ) |  | $ | 120.3 |  |  | $ | (12.1 | )
Condensed Consolidated Income Statement For the 13 weeks ended October 29, 2016 (Unaudited)
(in millions) | Signet Jewelers Limited |  | Signet UK Finance plc |  | Guarantor Subsidiaries |  | Non- Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Sales | $ | — |  |  | $ | — |  |  | $ | 1,121.8 |  |  | $ | 64.4 |  |  | $ | — |  |  | $ | 1,186.2 |
Cost of sales | — |  |  | — |  |  | (821.7 | ) |  | (14.5 | ) |  | — |  |  | (836.2 | )
Gross margin | — |  |  | — |  |  | 300.1 |  |  | 49.9 |  |  | — |  |  | 350.0 |
Selling, general and administrative expenses | (0.3 | ) |  | — |  |  | (362.0 | ) |  | (24.2 | ) |  | — |  |  | (386.5 | )
Other operating income (loss), net | — |  |  | — |  |  | 75.6 |  |  | (7.0 | ) |  | — |  |  | 68.6 |
Operating (loss) income | (0.3 | ) |  | — |  |  | 13.7 |  |  | 18.7 |  |  | — |  |  | 32.1 |
Intra-entity interest income (expense) | — |  |  | 4.7 |  |  | (47.8 | ) |  | 43.1 |  |  | — |  |  | — |
Interest expense, net | — |  |  | (5.0 | ) |  | (4.5 | ) |  | (3.2 | ) |  | — |  |  | (12.7 | )
(Loss) income before income taxes | (0.3 | ) |  | (0.3 | ) |  | (38.6 | ) |  | 58.6 |  |  | — |  |  | 19.4 |
Income taxes | — |  |  | — |  |  | 15.1 |  |  | (17.5 | ) |  | — |  |  | (2.4 | )
Equity in income of subsidiaries | 17.3 |  |  | — |  |  | (51.9 | ) |  | (23.6 | ) |  | 58.2 |  |  | — |
Net income (loss) | $ | 17.0 |  |  | $ | (0.3 | ) |  | $ | (75.4 | ) |  | $ | 17.5 |  |  | $ | 58.2 |  |  | $ | 17.0 |
Dividends on redeemable convertible preferred shares | (2.2 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (2.2 | )
Net income (loss) attributable to common shareholders | $ | 14.8 |  |  | $ | (0.3 | ) |  | $ | (75.4 | ) |  | $ | 17.5 |  |  | $ | 58.2 |  |  | $ | 14.8 |
Condensed Consolidated Income Statement For the 39 weeks ended October 28, 2017 (Unaudited)
(in millions) | Signet Jewelers Limited |  | Signet UK Finance plc |  | Guarantor Subsidiaries |  | Non- Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Sales | $ | — |  |  | $ | — |  |  | $ | 3,714.5 |  |  | $ | 245.4 |  |  | $ | — |  |  | $ | 3,959.9 |
Cost of sales | — |  |  | — |  |  | (2,623.1 | ) |  | (66.6 | ) |  | — |  |  | (2,689.7 | )
Gross margin | — |  |  | — |  |  | 1,091.4 |  |  | 178.8 |  |  | — |  |  | 1,270.2 |
Selling, general and administrative expenses | (1.0 | ) |  | — |  |  | (1,144.9 | ) |  | (91.8 | ) |  | — |  |  | (1,237.7 | )
Credit transaction, net | — |  |  | — |  |  | 2.6 |  |  | — |  |  | — |  |  | 2.6 |
Other operating income (loss), net | — |  |  | — |  |  | 221.6 |  |  | (0.3 | ) |  | — |  |  | 221.3 |
Operating (loss) income | (1.0 | ) |  | — |  |  | 170.7 |  |  | 86.7 |  |  | — |  |  | 256.4 |
Intra-entity interest income (expense) | — |  |  | 14.1 |  |  | (138.8 | ) |  | 124.7 |  |  | — |  |  | — |
Interest expense, net | — |  |  | (15.0 | ) |  | (16.5 | ) |  | (11.2 | ) |  | — |  |  | (42.7 | )
(Loss) income before income taxes | (1.0 | ) |  | (0.9 | ) |  | 15.4 |  |  | 200.2 |  |  | — |  |  | 213.7 |
Income taxes | — |  |  | 0.2 |  |  | (8.4 | ) |  | (37.5 | ) |  | — |  |  | (45.7 | )
Equity in income of subsidiaries | 169.0 |  |  | — |  |  | (41.2 | ) |  | 11.0 |  |  | (138.8 | ) |  | — |
Net income (loss) | $ | 168.0 |  |  | $ | (0.7 | ) |  | $ | (34.2 | ) |  | $ | 173.7 |  |  | $ | (138.8 | ) |  | $ | 168.0 |
Dividends on redeemable convertible preferred shares | (24.6 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (24.6 | )
Net income (loss) attributable to common shareholders | $ | 143.4 |  |  | $ | (0.7 | ) |  | $ | (34.2 | ) |  | $ | 173.7 |  |  | $ | (138.8 | ) |  | $ | 143.4 |
Condensed Consolidated Income Statement For the 39 weeks ended October 29, 2016 (Unaudited)
(in millions) | Signet Jewelers Limited |  | Signet UK Finance plc |  | Guarantor Subsidiaries |  | Non- Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Sales | $ | — |  |  | $ | — |  |  | $ | 3,955.0 |  |  | $ | 183.5 |  |  | $ | — |  |  | $ | 4,138.5 |
Cost of sales | — |  |  | — |  |  | (2,688.0 | ) |  | (35.2 | ) |  | — |  |  | (2,723.2 | )
Gross margin | — |  |  | — |  |  | 1,267.0 |  |  | 148.3 |  |  | — |  |  | 1,415.3 |
Selling, general and administrative expenses | (0.9 | ) |  | — |  |  | (1,190.9 | ) |  | (73.1 | ) |  | — |  |  | (1,264.9 | )
Other operating income (loss), net | — |  |  | — |  |  | 227.6 |  |  | (14.0 | ) |  | — |  |  | 213.6 |
Operating (loss) income | (0.9 | ) |  | — |  |  | 303.7 |  |  | 61.2 |  |  | — |  |  | 364.0 |
Intra-entity interest income (expense) | — |  |  | 14.1 |  |  | (142.2 | ) |  | 128.1 |  |  | — |  |  | — |
Interest expense, net | — |  |  | (14.8 | ) |  | (12.1 | ) |  | (9.5 | ) |  | — |  |  | (36.4 | )
(Loss) income before income taxes | (0.9 | ) |  | (0.7 | ) |  | 149.4 |  |  | 179.8 |  |  | — |  |  | 327.6 |
Income taxes | — |  |  | 0.1 |  |  | (61.5 | ) |  | (20.5 | ) |  | — |  |  | (81.9 | )
Equity in income of subsidiaries | 246.6 |  |  | — |  |  | 48.8 |  |  | 93.1 |  |  | (388.5 | ) |  | — |
Net income (loss) | $ | 245.7 |  |  | $ | (0.6 | ) |  | $ | 136.7 |  |  | $ | 252.4 |  |  | $ | (388.5 | ) |  | $ | 245.7 |
Dividends on redeemable convertible preferred shares | (2.2 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (2.2 | )
Net income (loss) attributable to common shareholders | $ | 243.5 |  |  | $ | (0.6 | ) |  | $ | 136.7 |  |  | $ | 252.4 |  |  | $ | (388.5 | ) |  | $ | 243.5 |
Condensed Statement of Comprehensive Income | Condensed Consolidated Statement of Comprehensive Income (Loss) For the 13 weeks ended October 28, 2017 (Unaudited)
(in millions) | Signet Jewelers Limited |  | Signet UK Finance plc |  | Guarantor Subsidiaries |  | Non- Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net (loss) income | $ | (3.9 | ) |  | $ | (0.3 | ) |  | $ | (116.7 | ) |  | $ | (3.3 | ) |  | $ | 120.3 |  |  | $ | (3.9 | )
Other comprehensive income (loss): |  |  |  |  |  |  |  |  |  |  |
Foreign currency translation adjustments | (6.5 | ) |  | — |  |  | (6.5 | ) |  | — |  |  | 6.5 |  |  | (6.5 | )
Available-for-sale securities: |  |  |  |  |  |  |  |  |  |  |
Unrealized loss | (0.2 | ) |  | — |  |  | — |  |  | (0.2 | ) |  | 0.2 |  |  | (0.2 | )
Cash flow hedges: |  |  |  |  |  |  |  |  |  |  |
Unrealized gain | 0.9 |  |  | — |  |  | 0.9 |  |  | — |  |  | (0.9 | ) |  | 0.9 |
Reclassification adjustment for gains to net income | (0.6 | ) |  | — |  |  | (0.6 | ) |  | — |  |  | 0.6 |  |  | (0.6 | )
Pension plan: |  |  |  |  |  |  |  |  |  |  |
Actuarial loss | (0.9 | ) |  | — |  |  | (0.9 | ) |  | — |  |  | 0.9 |  |  | (0.9 | )
Reclassification adjustment to net income for amortization of actuarial losses | 0.6 |  |  | — |  |  | 0.6 |  |  | — |  |  | (0.6 | ) |  | 0.6 |
Reclassification adjustment to net income for amortization of net prior service credits | (0.4 | ) |  | — |  |  | (0.4 | ) |  | — |  |  | 0.4 |  |  | (0.4 | )
Net curtailment gain and settlement loss | (3.0 | ) |  | — |  |  | (3.0 | ) |  | — |  |  | 3.0 |  |  | (3.0 | )
Total other comprehensive (loss) income | (10.1 | ) |  | — |  |  | (9.9 | ) |  | (0.2 | ) |  | 10.1 |  |  | (10.1 | )
Total comprehensive (loss) income | $ | (14.0 | ) |  | $ | (0.3 | ) |  | $ | (126.6 | ) |  | $ | (3.5 | ) |  | $ | 130.4 |  |  | $ | (14.0 | )
Condensed Consolidated Statement of Comprehensive Income (Loss) For the 13 weeks ended October 29, 2016 (Unaudited)
(in millions) | Signet Jewelers Limited |  | Signet UK Finance plc |  | Guarantor Subsidiaries |  | Non- Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net income (loss) | $ | 17.0 |  |  | $ | (0.3 | ) |  | $ | (75.4 | ) |  | $ | 17.5 |  |  | $ | 58.2 |  |  | $ | 17.0 |
Other comprehensive income (loss): |  |  |  |  |  |  |  |  |  |  |
Foreign currency translation adjustments | (28.9 | ) |  | — |  |  | (32.5 | ) |  | 3.6 |  |  | 28.9 |  |  | (28.9 | )
Available-for-sale securities: |  |  |  |  |  |  |  |  |  |  |
Unrealized loss | (0.2 | ) |  | — |  |  | — |  |  | (0.2 | ) |  | 0.2 |  |  | (0.2 | )
Cash flow hedges: |  |  |  |  |  |  |  |  |  |  |
Unrealized gain | 1.9 |  |  | — |  |  | 1.9 |  |  | — |  |  | (1.9 | ) |  | 1.9 |
Reclassification adjustment for losses to net income | (0.1 | ) |  | — |  |  | (0.1 | ) |  | — |  |  | 0.1 |  |  | (0.1 | )
Pension plan: |  |  |  |  |  |  |  |  |  |  |
Reclassification adjustment to net income for amortization of actuarial losses | 0.4 |  |  | — |  |  | 0.4 |  |  | — |  |  | (0.4 | ) |  | 0.4 |
Reclassification adjustment to net income for amortization of net prior service credits | (0.4 | ) |  | — |  |  | (0.4 | ) |  | — |  |  | 0.4 |  |  | (0.4 | )
Total other comprehensive (loss) income | (27.3 | ) |  | — |  |  | (30.7 | ) |  | 3.4 |  |  | 27.3 |  |  | (27.3 | )
Total comprehensive (loss) income | $ | (10.3 | ) |  | $ | (0.3 | ) |  | $ | (106.1 | ) |  | $ | 20.9 |  |  | $ | 85.5 |  |  | $ | (10.3 | )
Condensed Consolidated Statement of Comprehensive Income (Loss) For the 39 weeks ended October 28, 2017 (Unaudited)
(in millions) | Signet Jewelers Limited |  | Signet UK Finance plc |  | Guarantor Subsidiaries |  | Non- Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net income (loss) | $ | 168.0 |  |  | $ | (0.7 | ) |  | $ | (34.2 | ) |  | $ | 173.7 |  |  | $ | (138.8 | ) |  | $ | 168.0 |
Other comprehensive income (loss): |  |  |  |  |  |  |  |  |  |  |
Foreign currency translation adjustments | 18.6 |  |  | — |  |  | 18.6 |  |  | — |  |  | (18.6 | ) |  | 18.6 |
Available-for-sale securities: |  |  |  |  |  |  |  |  |  |  |
Unrealized gain | 0.3 |  |  | — |  |  | — |  |  | 0.3 |  |  | (0.3 | ) |  | 0.3 |
Cash flow hedges: |  |  |  |  |  |  |  |  |  |  |
Unrealized gain | 2.7 |  |  | — |  |  | 2.7 |  |  | — |  |  | (2.7 | ) |  | 2.7 |
Reclassification adjustment for gains to net income | (3.1 | ) |  | — |  |  | (3.1 | ) |  | — |  |  | 3.1 |  |  | (3.1 | )
Pension plan: |  |  |  |  |  |  |  |  |  |  |
Actuarial loss | (0.9 | ) |  | — |  |  | (0.9 | ) |  | — |  |  | 0.9 |  |  | (0.9 | )
Reclassification adjustment to net income for amortization of actuarial losses | 1.8 |  |  | — |  |  | 1.8 |  |  | — |  |  | (1.8 | ) |  | 1.8 |
Reclassification adjustment to net income for amortization of net prior service credits | (1.1 | ) |  | — |  |  | (1.1 | ) |  | — |  |  | 1.1 |  |  | (1.1 | )
Net curtailment gain and settlement loss | (3.0 | ) |  | — |  |  | (3.0 | ) |  |  |  | 3.0 |  |  | (3.0 | )
Total other comprehensive income | 15.3 |  |  | — |  |  | 15.0 |  |  | 0.3 |  |  | (15.3 | ) |  | 15.3 |
Total comprehensive income (loss) | $ | 183.3 |  |  | $ | (0.7 | ) |  | $ | (19.2 | ) |  | $ | 174.0 |  |  | $ | (154.1 | ) |  | $ | 183.3 |
Condensed Consolidated Statement of Comprehensive Income (Loss) For the 39 weeks ended October 29, 2016 (Unaudited)
(in millions) | Signet Jewelers Limited |  | Signet UK Finance plc |  | Guarantor Subsidiaries |  | Non- Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net income (loss) | $ | 245.7 |  |  | $ | (0.6 | ) |  | $ | 136.7 |  |  | $ | 252.4 |  |  | $ | (388.5 | ) |  | $ | 245.7 |
Other comprehensive income (loss): |  |  |  |  |  |  |  |  |  |  |
Foreign currency translation adjustments | (38.0 | ) |  | — |  |  | (45.2 | ) |  | 7.2 |  |  | 38.0 |  |  | (38.0 | )
Available-for-sale securities: |  |  |  |  |  |  |  |  |  |  |
Unrealized gain | 0.2 |  |  | — |  |  | — |  |  | 0.2 |  |  | (0.2 | ) |  | 0.2 |
Cash flow hedges: |  |  |  |  |  |  |  |  |  |  |
Unrealized gain | 8.2 |  |  | — |  |  | 8.2 |  |  | — |  |  | (8.2 | ) |  | 8.2 |
Reclassification adjustment for losses to net income | 1.6 |  |  | — |  |  | 1.6 |  |  | — |  |  | (1.6 | ) |  | 1.6 |
Pension plan: |  |  |  |  |  |  |  |  |  |  |
Reclassification adjustment to net income for amortization of actuarial losses | 1.0 |  |  | — |  |  | 1.0 |  |  | — |  |  | (1.0 | ) |  | 1.0 |
Reclassification adjustment to net income for amortization of net prior service credits | (1.2 | ) |  | — |  |  | (1.2 | ) |  | — |  |  | 1.2 |  |  | (1.2 | )
Total other comprehensive (loss) income | (28.2 | ) |  | — |  |  | (35.6 | ) |  | 7.4 |  |  | 28.2 |  |  | (28.2 | )
Total comprehensive income (loss) | $ | 217.5 |  |  | $ | (0.6 | ) |  | $ | 101.1 |  |  | $ | 259.8 |  |  | $ | (360.3 | ) |  | $ | 217.5 |
Condensed Balance Sheet | Condensed Consolidated Balance Sheet October 28, 2017 (Unaudited)
(in millions) | Signet Jewelers Limited |  | Signet UK Finance plc |  | Guarantor Subsidiaries |  | Non- Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Assets |  |  |  |  |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 0.4 |  |  | $ | 0.1 |  |  | $ | 59.1 |  |  | $ | 53.8 |  |  | $ | — |  |  | $ | 113.4 |
Accounts receivable, net | — |  |  | — |  |  | 638.7 |  |  | 1.4 |  |  | — |  |  | 640.1 |
Intra-entity receivables, net | 85.6 |  |  | 7.6 |  |  | — |  |  | 262.1 |  |  | (355.3 | ) |  | — |
Other receivables | — |  |  | — |  |  | 55.6 |  |  | 24.7 |  |  | — |  |  | 80.3 |
Other current assets | — |  |  | — |  |  | 140.0 |  |  | 5.0 |  |  | — |  |  | 145.0 |
Income taxes | — |  |  | — |  |  | 17.3 |  |  | — |  |  | — |  |  | 17.3 |
Inventories | — |  |  | — |  |  | 2,392.6 |  |  | 73.5 |  |  | — |  |  | 2,466.1 |
Total current assets | 86.0 |  |  | 7.7 |  |  | 3,303.3 |  |  | 420.5 |  |  | (355.3 | ) |  | 3,462.2 |
Non-current assets: |  |  |  |  |  |  |  |  |  |  |
Property, plant and equipment, net | — |  |  | — |  |  | 847.5 |  |  | 7.6 |  |  | — |  |  | 855.1 |
Goodwill | — |  |  | — |  |  | 515.0 |  |  | 352.1 |  |  | — |  |  | 867.1 |
Intangible assets, net | — |  |  | — |  |  | 410.4 |  |  | — |  |  | — |  |  | 410.4 |
Investment in subsidiaries | 2,693.7 |  |  | — |  |  | 834.5 |  |  | 346.2 |  |  | (3,874.4 | ) |  | — |
Intra-entity receivables, net | — |  |  | 400.0 |  |  | — |  |  | 2,835.0 |  |  | (3,235.0 | ) |  | — |
Other assets | — |  |  | — |  |  | 136.9 |  |  | 32.2 |  |  | — |  |  | 169.1 |
Deferred tax assets | — |  |  | — |  |  | 1.2 |  |  | 0.1 |  |  | — |  |  | 1.3 |
Retirement benefit asset | — |  |  | — |  |  | 35.5 |  |  | — |  |  | — |  |  | 35.5 |
Total assets | $ | 2,779.7 |  |  | $ | 407.7 |  |  | $ | 6,084.3 |  |  | $ | 3,993.7 |  |  | $ | (7,464.7 | ) |  | $ | 5,800.7 |
Liabilities and Shareholders’ equity |  |  |  |  |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |  |  |  |  |
Loans and overdrafts | $ | — |  |  | $ | (0.7 | ) |  | $ | 292.5 |  |  | $ | — |  |  | $ | — |  |  | $ | 291.8 |
Accounts payable | — |  |  | — |  |  | 291.0 |  |  | 33.9 |  |  | — |  |  | 324.9 |
Intra-entity payables, net | — |  |  | — |  |  | 355.3 |  |  | — |  |  | (355.3 | ) |  | — |
Accrued expenses and other current liabilities | 27.6 |  |  | 7.1 |  |  | 372.1 |  |  | 23.7 |  |  | — |  |  | 430.5 |
Deferred revenue | — |  |  | — |  |  | 259.6 |  |  | 10.7 |  |  | — |  |  | 270.3 |
Income taxes | — |  |  | (0.2 | ) |  | (24.3 | ) |  | 24.5 |  |  | — |  |  | — |
Total current liabilities | 27.6 |  |  | 6.2 |  |  | 1,546.2 |  |  | 92.8 |  |  | (355.3 | ) |  | 1,317.5 |
Non-current liabilities: |  |  |  |  |  |  |  |  |  |  |
Long-term debt | — |  |  | 395.0 |  |  | 301.8 |  |  | — |  |  | — |  |  | 696.8 |
Intra-entity payables, net | — |  |  | — |  |  | 3,235.0 |  |  | — |  |  | (3,235.0 | ) |  | — |
Other liabilities | — |  |  | — |  |  | 238.8 |  |  | 5.6 |  |  | — |  |  | 244.4 |
Deferred revenue | — |  |  | — |  |  | 646.1 |  |  | — |  |  | — |  |  | 646.1 |
Deferred tax liabilities | — |  |  | — |  |  | 143.6 |  |  | 0.2 |  |  | — |  |  | 143.8 |
Total liabilities | 27.6 |  |  | 401.2 |  |  | 6,111.5 |  |  | 98.6 |  |  | (3,590.3 | ) |  | 3,048.6 |
Series A redeemable convertible preferred shares | 613.1 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 613.1 |
Total shareholders’ equity (deficit) | 2,139.0 |  |  | 6.5 |  |  | (27.2 | ) |  | 3,895.1 |  |  | (3,874.4 | ) |  | 2,139.0 |
Total liabilities, preferred shares and shareholders’ equity | $ | 2,779.7 |  |  | $ | 407.7 |  |  | $ | 6,084.3 |  |  | $ | 3,993.7 |  |  | $ | (7,464.7 | ) |  | $ | 5,800.7 |
Condensed Consolidated Balance Sheet January 28, 2017
(in millions) | Signet Jewelers Limited |  | Signet UK Finance plc |  | Guarantor Subsidiaries |  | Non- Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Assets |  |  |  |  |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 1.7 |  |  | $ | 0.1 |  |  | $ | 70.3 |  |  | $ | 26.6 |  |  | $ | — |  |  | $ | 98.7 |
Accounts receivable, net | — |  |  | — |  |  | 1,858.0 |  |  | — |  |  | — |  |  | 1,858.0 |
Intra-entity receivables, net | 12.7 |  |  | — |  |  | 145.1 |  |  | — |  |  | (157.8 | ) |  | — |
Other receivables | — |  |  | — |  |  | 71.1 |  |  | 24.8 |  |  | — |  |  | 95.9 |
Other current assets | — |  |  | — |  |  | 131.4 |  |  | 4.9 |  |  | — |  |  | 136.3 |
Income taxes | — |  |  | — |  |  | 4.4 |  |  | — |  |  | — |  |  | 4.4 |
Inventories | — |  |  | — |  |  | 2,371.8 |  |  | 77.5 |  |  | — |  |  | 2,449.3 |
Total current assets | 14.4 |  |  | 0.1 |  |  | 4,652.1 |  |  | 133.8 |  |  | (157.8 | ) |  | 4,642.6 |
Non-current assets: |  |  |  |  |  |  |  |  |  |  |
Property, plant and equipment, net | — |  |  | — |  |  | 818.5 |  |  | 4.4 |  |  | — |  |  | 822.9 |
Goodwill | — |  |  | — |  |  | 514.0 |  |  | 3.6 |  |  | — |  |  | 517.6 |
Intangible assets, net | — |  |  | — |  |  | 417.0 |  |  | — |  |  | — |  |  | 417.0 |
Investment in subsidiaries | 3,117.6 |  |  | — |  |  | 721.6 |  |  | 590.9 |  |  | (4,430.1 | ) |  | — |
Intra-entity receivables, net | — |  |  | 402.9 |  |  | — |  |  | 3,647.1 |  |  | (4,050.0 | ) |  | — |
Other assets | — |  |  | — |  |  | 134.8 |  |  | 30.3 |  |  | — |  |  | 165.1 |
Deferred tax assets | — |  |  | — |  |  | 0.6 |  |  | 0.1 |  |  | — |  |  | 0.7 |
Retirement benefit asset | — |  |  | — |  |  | 31.9 |  |  | — |  |  | — |  |  | 31.9 |
Total assets | $ | 3,132.0 |  |  | $ | 403.0 |  |  | $ | 7,290.5 |  |  | $ | 4,410.2 |  |  | $ | (8,637.9 | ) |  | $ | 6,597.8 |
Liabilities and Shareholders’ equity |  |  |  |  |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |  |  |  |  |
Loans and overdrafts | $ | — |  |  | $ | (0.7 | ) |  | $ | 91.8 |  |  | $ | — |  |  | $ | — |  |  | $ | 91.1 |
Accounts payable | — |  |  | — |  |  | 248.2 |  |  | 7.5 |  |  | — |  |  | 255.7 |
Intra-entity payables, net | — |  |  | — |  |  | — |  |  | 157.8 |  |  | (157.8 | ) |  | — |
Accrued expenses and other current liabilities | 29.9 |  |  | 2.5 |  |  | 429.2 |  |  | 16.6 |  |  | — |  |  | 478.2 |
Deferred revenue | — |  |  | — |  |  | 275.5 |  |  | 1.4 |  |  | — |  |  | 276.9 |
Income taxes | — |  |  | (0.2 | ) |  | 115.5 |  |  | (13.5 | ) |  | — |  |  | 101.8 |
Total current liabilities | 29.9 |  |  | 1.6 |  |  | 1,160.2 |  |  | 169.8 |  |  | (157.8 | ) |  | 1,203.7 |
Non-current liabilities: |  |  |  |  |  |  |  |  |  |  |
Long-term debt | — |  |  | 394.3 |  |  | 323.6 |  |  | 600.0 |  |  | — |  |  | 1,317.9 |
Intra-entity payables, net | — |  |  | — |  |  | 4,050.0 |  |  | — |  |  | (4,050.0 | ) |  | — |
Other liabilities | — |  |  | — |  |  | 208.7 |  |  | 5.0 |  |  | — |  |  | 213.7 |
Deferred revenue | — |  |  | — |  |  | 659.0 |  |  | — |  |  | — |  |  | 659.0 |
Deferred tax liabilities | — |  |  | — |  |  | 101.4 |  |  | — |  |  | — |  |  | 101.4 |
Total liabilities | 29.9 |  |  | 395.9 |  |  | 6,502.9 |  |  | 774.8 |  |  | (4,207.8 | ) |  | 3,495.7 |
Series A redeemable convertible preferred shares | 611.9 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 611.9 |
Total shareholders’ equity | 2,490.2 |  |  | 7.1 |  |  | 787.6 |  |  | 3,635.4 |  |  | (4,430.1 | ) |  | 2,490.2 |
Total liabilities, preferred shares and shareholders’ equity | $ | 3,132.0 |  |  | $ | 403.0 |  |  | $ | 7,290.5 |  |  | $ | 4,410.2 |  |  | $ | (8,637.9 | ) |  | $ | 6,597.8 |
Condensed Consolidated Balance Sheet October 29, 2016 (Unaudited)
(in millions) | Signet Jewelers Limited |  | Signet UK Finance plc |  | Guarantor Subsidiaries |  | Non- Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Assets |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |
Cash and cash equivalents | $ | 0.2 |  |  | $ | 0.1 |  |  | $ | 55.7 |  |  | $ | 26.7 |  |  | $ | — |  |  | $ | 82.7 |
Accounts receivable, net | — |  |  | — |  |  | 1,581.1 |  |  | — |  |  | — |  |  | 1,581.1 |
Intra-entity receivables, net | 50.4 |  |  | — |  |  | — |  |  | 278.9 |  |  | (329.3 | ) |  | — |
Other receivables | — |  |  | — |  |  | 52.0 |  |  | 22.2 |  |  | — |  |  | 74.2 |
Other current assets | — |  |  | — |  |  | 140.3 |  |  | 6.5 |  |  | — |  |  | 146.8 |
Income taxes | — |  |  | 0.1 |  |  | 35.6 |  |  | (14.9 | ) |  | — |  |  | 20.8 |
Inventories | — |  |  | — |  |  | 2,578.3 |  |  | 71.1 |  |  | — |  |  | 2,649.4 |
Total current assets | 50.6 |  |  | 0.2 |  |  | 4,443.0 |  |  | 390.5 |  |  | (329.3 | ) |  | 4,555.0 |
Non-current assets: |  |  |  |  |  |  |  |  |  |  |
Property, plant and equipment, net | — |  |  | — |  |  | 786.4 |  |  | 4.7 |  |  | — |  |  | 791.1 |
Goodwill | — |  |  | — |  |  | 513.4 |  |  | 3.6 |  |  | — |  |  | 517.0 |
Intangible assets, net | — |  |  | — |  |  | 419.8 |  |  | — |  |  | — |  |  | 419.8 |
Investment in subsidiaries | 2,812.5 |  |  | — |  |  | 586.7 |  |  | 474.4 |  |  | (3,873.6 | ) |  | — |
Intra-entity receivables, net | — |  |  | 407.6 |  |  | — |  |  | 3,647.4 |  |  | (4,055.0 | ) |  | — |
Other assets | — |  |  | — |  |  | 126.2 |  |  | 31.3 |  |  | — |  |  | 157.5 |
Deferred tax assets | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Retirement benefit asset | — |  |  | — |  |  | 47.1 |  |  | — |  |  | — |  |  | 47.1 |
Total assets | $ | 2,863.1 |  |  | $ | 407.8 |  |  | $ | 6,922.6 |  |  | $ | 4,551.9 |  |  | $ | (8,257.9 | ) |  | $ | 6,487.5 |
Liabilities and Shareholders’ equity |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |  |  |  |  |
Loans and overdrafts | $ | — |  |  | $ | (0.7 | ) |  | $ | 289.5 |  |  | $ | — |  |  | $ | — |  |  | $ | 288.8 |
Accounts payable | — |  |  | — |  |  | 376.4 |  |  | 5.8 |  |  | — |  |  | 382.2 |
Intra-entity payables, net | — |  |  | — |  |  | 329.3 |  |  | — |  |  | (329.3 | ) |  | — |
Accrued expenses and other current liabilities | 20.2 |  |  | 7.1 |  |  | 360.1 |  |  | 15.5 |  |  | — |  |  | 402.9 |
Deferred revenue | — |  |  | — |  |  | 256.7 |  |  | — |  |  | — |  |  | 256.7 |
Income taxes | — |  |  | — |  |  | 3.9 |  |  | 0.5 |  |  | — |  |  | 4.4 |
Total current liabilities | 20.2 |  |  | 6.4 |  |  | 1,615.9 |  |  | 21.8 |  |  | (329.3 | ) |  | 1,335.0 |
Non-current liabilities: |  |  |  |  |  |  |  |  |  |  |
Long-term debt | — |  |  | 394.1 |  |  | 330.1 |  |  | 600.0 |  |  | — |  |  | 1,324.2 |
Intra-entity payables, net | — |  |  | — |  |  | 4,055.0 |  |  | — |  |  | (4,055.0 | ) |  | — |
Other liabilities | — |  |  | — |  |  | 213.7 |  |  | 6.2 |  |  | — |  |  | 219.9 |
Deferred revenue | — |  |  | — |  |  | 632.1 |  |  | — |  |  | — |  |  | 632.1 |
Deferred tax liabilities | — |  |  | — |  |  | 133.5 |  |  | (0.1 | ) |  | — |  |  | 133.4 |
Total liabilities | 20.2 |  |  | 400.5 |  |  | 6,980.3 |  |  | 627.9 |  |  | (4,384.3 | ) |  | 3,644.6 |
Series A redeemable convertible preferred shares | 611.7 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 611.7 |
Total shareholders’ equity (deficit) | 2,231.2 |  |  | 7.3 |  |  | (57.7 | ) |  | 3,924.0 |  |  | (3,873.6 | ) |  | 2,231.2 |
Total liabilities, preferred shares and shareholders’ equity | $ | 2,863.1 |  |  | $ | 407.8 |  |  | $ | 6,922.6 |  |  | $ | 4,551.9 |  |  | $ | (8,257.9 | ) |  | $ | 6,487.5 |
Condensed Cash Flow Statement | Condensed Consolidated Statement of Cash Flows For the 39 weeks ended October 28, 2017 (Unaudited)
(in millions) | Signet Jewelers Limited |  | Signet UK Finance plc |  | Guarantor Subsidiaries |  | Non- Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net cash provided by operating activities | $ | 617.1 |  |  | $ | 4.6 |  |  | $ | 1,467.2 |  |  | $ | 511.4 |  |  | $ | (1,118.0 | ) |  | $ | 1,482.3 |
Investing activities |  |  |  |  |  |  |  |  |  |  |
Purchase of property, plant and equipment | — |  |  | — |  |  | (165.7 | ) |  | (0.4 | ) |  | — |  |  | (166.1 | )
Purchase of available-for-sale securities | — |  |  | — |  |  | — |  |  | (1.7 | ) |  | — |  |  | (1.7 | )
Proceeds from available-for-sale securities | — |  |  | — |  |  | — |  |  | 0.9 |  |  | — |  |  | 0.9 |
Acquisition of R2Net Inc., net of cash acquired | — |  |  | — |  |  | (332.4 | ) |  | — |  |  | — |  |  | (332.4 | )
Net cash used in investing activities | — |  |  | — |  |  | (498.1 | ) |  | (1.2 | ) |  | — |  |  | (499.3 | )
Financing activities |  |  |  |  |  |  |  |  |  |  |
Dividends paid on common shares | (57.7 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (57.7 | )
Dividends paid on redeemable convertible preferred shares | (26.9 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (26.9 | )
Intra-entity dividends paid | — |  |  | — |  |  | (800.0 | ) |  | (318.0 | ) |  | 1,118.0 |  |  | — |
Proceeds from term and bridge loans | — |  |  | — |  |  | 350.0 |  |  | — |  |  | — |  |  | 350.0 |
Repayments of term and bridge loans | — |  |  | — |  |  | (365.7 | ) |  | — |  |  | — |  |  | (365.7 | )
Proceeds from securitization facility | — |  |  | — |  |  | — |  |  | 1,745.9 |  |  | — |  |  | 1,745.9 |
Repayments of securitization facility | — |  |  | — |  |  | — |  |  | (2,345.9 | ) |  | — |  |  | (2,345.9 | )
Proceeds from revolving credit facility | — |  |  | — |  |  | 605.0 |  |  | — |  |  | — |  |  | 605.0 |
Repayments of revolving credit facility | — |  |  | — |  |  | (405.0 | ) |  | — |  |  | — |  |  | (405.0 | )
Repurchase of common shares | (460.0 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (460.0 | )
Repayments of bank overdrafts | — |  |  | — |  |  | (5.9 | ) |  | — |  |  | — |  |  | (5.9 | )
Other financing activities | (3.1 | ) |  | — |  |  | (1.4 | ) |  | — |  |  | — |  |  | (4.5 | )
Intra-entity activity, net | (70.7 | ) |  | (4.6 | ) |  | (359.7 | ) |  | 435.0 |  |  | — |  |  | — |
Net cash used in financing activities | (618.4 | ) |  | (4.6 | ) |  | (982.7 | ) |  | (483.0 | ) |  | 1,118.0 |  |  | (970.7 | )
Cash and cash equivalents at beginning of period | 1.7 |  |  | 0.1 |  |  | 70.3 |  |  | 26.6 |  |  | — |  |  | 98.7 |
(Decrease) increase in cash and cash equivalents | (1.3 | ) |  | — |  |  | (13.6 | ) |  | 27.2 |  |  | — |  |  | 12.3 |
Effect of exchange rate changes on cash and cash equivalents | — |  |  | — |  |  | 2.4 |  |  | — |  |  | — |  |  | 2.4 |
Cash and cash equivalents at end of period | $ | 0.4 |  |  | $ | 0.1 |  |  | $ | 59.1 |  |  | $ | 53.8 |  |  | $ | — |  |  | $ | 113.4 |
Condensed Consolidated Statement of Cash Flows For the 39 weeks ended October 29, 2016 (Unaudited)
(in millions) | Signet Jewelers Limited |  | Signet UK Finance plc |  | Guarantor Subsidiaries |  | Non- Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net cash provided by operating activities | $ | 558.7 |  |  | $ | 4.9 |  |  | $ | 385.1 |  |  | $ | 391.4 |  |  | $ | (979.2 | ) |  | $ | 360.9 |
Investing activities |  |  |  |  |  |  |  |  |  |  |
Purchase of property, plant and equipment | — |  |  | — |  |  | (195.6 | ) |  | — |  |  | — |  |  | (195.6 | )
Investment in subsidiaries | (91.0 | ) |  | — |  |  | — |  |  | — |  |  | 91.0 |  |  | — |
Purchase of available-for-sale securities | — |  |  | — |  |  | — |  |  | (10.4 | ) |  | — |  |  | (10.4 | )
Proceeds from available-for-sale securities | — |  |  | — |  |  | — |  |  | 10.0 |  |  | — |  |  | 10.0 |
Net cash used in investing activities | (91.0 | ) |  | — |  |  | (195.6 | ) |  | (0.4 | ) |  | 91.0 |  |  | (196.0 | )
Financing activities |  |  |  |  |  |  |  |  |  |  |
Dividends paid on common shares | (57.5 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (57.5 | )
Dividends paid on redeemable convertible preferred shares | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Intra-entity dividends paid | — |  |  | — |  |  | (650.0 | ) |  | (329.2 | ) |  | 979.2 |  |  | — |
Proceeds from issuance of redeemable convertible preferred shares, net of issuance costs | 611.6 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 611.6 |
Repayments of term loan | — |  |  | — |  |  | (12.0 | ) |  | — |  |  | — |  |  | (12.0 | )
Proceeds from securitization facility | — |  |  | — |  |  | — |  |  | 1,837.1 |  |  | — |  |  | 1,837.1 |
Repayments of securitization facility | — |  |  | — |  |  | — |  |  | (1,837.1 | ) |  | — |  |  | (1,837.1 | )
Proceeds from revolving credit facility | — |  |  | — |  |  | 598.0 |  |  | — |  |  | — |  |  | 598.0 |
Repayments of revolving credit facility | — |  |  | — |  |  | (339.0 | ) |  | — |  |  | — |  |  | (339.0 | )
Repurchase of common shares | (1,000.0 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (1,000.0 | )
Repayments of bank overdrafts | — |  |  | — |  |  | (13.3 | ) |  | — |  |  | — |  |  | (13.3 | )
Other financing activities | (4.4 | ) |  | — |  |  | 90.0 |  |  | (0.6 | ) |  | (91.0 | ) |  | (6.0 | )
Intra-entity activity, net | (19.1 | ) |  | (4.9 | ) |  | 91.6 |  |  | (67.6 | ) |  | — |  |  | — |
Net cash used in financing activities | (469.4 | ) |  | (4.9 | ) |  | (234.7 | ) |  | (397.4 | ) |  | 888.2 |  |  | (218.2 | )
Cash and cash equivalents at beginning of period | 1.9 |  |  | 0.1 |  |  | 102.0 |  |  | 33.7 |  |  | — |  |  | 137.7 |
(Decrease) increase in cash and cash equivalents | (1.7 | ) |  | — |  |  | (45.2 | ) |  | (6.4 | ) |  | — |  |  | (53.3 | )
Effect of exchange rate changes on cash and cash equivalents | — |  |  | — |  |  | (1.1 | ) |  | (0.6 | ) |  | — |  |  | (1.7 | )
Cash and cash equivalents at end of period | $ | 0.2 |  |  | $ | 0.1 |  |  | $ | 55.7 |  |  | $ | 26.7 |  |  | $ | — |  |  | $ | 82.7 |

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