XML 40 R7.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities      
Net income (loss) $ 872.0 $ 273.2 $ (33.9)
Income (loss) from discontinued operations, net of tax 567.6 342.4 (101.5)
Net income (loss) from continuing operations 304.4 (69.2) 67.6
Adjustments to reconcile net income to net cash from operating activities:      
Depreciation and amortization 131.7 132.2 120.4
Share based compensation 11.8 52.9 70.8
Write-off from impairment of goodwill 92.5   10.7
Write-off from impairment of intangible assets 20.3 16.3 2.7
Purchase accounting inventory adjustment 0.8 3.3  
Pet safety recall inventory write-off 4.1 15.0  
Amortization of debt issuance costs and debt discount 19.6 17.3 21.1
Write-off of unamortized discount and debt issuance costs   2.5 5.8
Gain on extinguishment of debt     (8.0)
Net recognized losses on investments and derivatives     1.2
Dividends from subsidiaries classified as discontinued operations 3.1 12.2 12.2
Deferred tax (benefit) expense (539.0) 21.9 (73.6)
Net changes in operating assets and liabilities      
Receivables 0.7 0.6 52.3
Inventories (15.4) (45.2) 20.9
Prepaid expenses and other current assets 23.3 (11.0) (0.5)
Accounts payable and accrued liabilities 41.0 4.2 (60.6)
Other (25.0) 2.1 31.1
Net cash provided by operating activities from continuing operations 73.9 155.1 274.1
Net cash provided by operating activities from discontinued operations 269.2 685.0 639.2
Net cash (used) provided by operating activities 343.1 840.1 913.3
Cash flows from investing activities      
Purchases of property, plant and equipment (64.7) (77.8) (61.0)
Proceeds from sales of property, plant and equipment 2.8 3.9 19.6
Business acquisitions, net of cash acquired   (304.7)  
Proceeds from investments sold, matured or repaid     35.1
Proceeds from sale of HRG Insurance Operations 1,546.8    
Net asset-based loan repayments   30.9 170.9
Other investing activities, net (0.5) (1.5) (3.0)
Net cash provided (used) by investing activities from continuing operations 1,484.4 (349.2) 161.6
Net cash used by investing activities from discontinued operations (211.6) (1,253.2) (1,053.0)
Net cash provided (used) by investing activities 1,272.8 (1,602.4) (891.4)
Cash flows from financing activities      
Proceeds from issuance of debt 19.6 315.6 484.4
Payment of debt (1,066.0) (251.9) (1,087.1)
Payment of debt issuance costs (0.4) (7.0) (9.3)
Purchase of subsidiary stock, net (288.0) (265.0) (52.0)
Dividends paid to shareholders (22.4)    
Dividend paid by subsidiary to non-controlling interest (28.6) (39.9) (37.3)
Share based award tax withholding payments, net of proceeds upon vesting (24.3) (40.8) (28.7)
Other financing activities, net 20.7 6.5 3.0
Net cash (used) provided by financing activities from continuing operations (1,389.4) (282.5) (727.0)
Net cash provided (used) by financing activities from discontinued operations 100.6 865.5 875.7
Net cash (used) provided by financing activities (1,288.8) 583.0 148.7
Effect of exchange rate changes on cash and cash equivalents due to Venezuela devaluation   (0.4)  
Effect of exchange rate changes on cash and cash equivalents (7.0) 3.1 (1.4)
Net changes in cash and cash equivalents 320.1 (176.6) 169.2
Net change in cash and cash equivalents in discontinued operations 37.7 18.5 347.2
Net change in cash and cash equivalents in continuing operations 282.4 (195.1) (178.0)
Cash and cash equivalents, beginning of period 270.1 465.2 643.2
Cash and cash equivalents, end of period 552.5 270.1 465.2
Supplemental disclsoure of cash flow information      
Cash paid for interest 314.1 323.5 397.7
Cash paid for taxes 53.8 37.5 35.9
Non cash investing activities      
Acquisition of property, plant and equipment through capital leases 3.2 151.7 37.6
SB/RH [Member]      
Cash flows from operating activities      
Net income (loss) 182.9 301.2 352.3
Income (loss) from discontinued operations, net of tax 98.6 172.1 76.6
Net income (loss) from continuing operations 84.3 129.1 275.7
Adjustments to reconcile net income to net cash from operating activities:      
Depreciation and amortization 131.0 131.6 119.7
Share based compensation 8.7 44.9 52.1
Write-off from impairment of goodwill 92.5    
Write-off from impairment of intangible assets 20.3 16.3 2.7
Purchase accounting inventory adjustment 0.8 3.3  
Pet safety recall inventory write-off 4.1 15.0  
Amortization of debt issuance costs and debt discount 8.9 8.0 13.9
Write-off of unamortized discount and debt issuance costs   2.5 5.8
Deferred tax (benefit) expense (153.4) 27.8 (55.6)
Net changes in operating assets and liabilities      
Receivables (50.4) 0.6 52.3
Inventories (15.4) (45.2) 20.9
Prepaid expenses and other current assets 23.3 (10.3) (0.5)
Accounts payable and accrued liabilities 44.8 1.6 (60.8)
Other (18.9) (2.2) 22.1
Net cash provided by operating activities from continuing operations 180.6 323.0 448.3
Net cash provided by operating activities from discontinued operations 171.9 324.6 153.3
Net cash (used) provided by operating activities 352.5 647.6 601.6
Cash flows from investing activities      
Purchases of property, plant and equipment (64.7) (77.8) (60.7)
Proceeds from sales of property, plant and equipment 2.8 3.9 0.9
Business acquisitions, net of cash acquired   (304.7)  
Other investing activities, net (0.5) (1.5) (3.2)
Net cash provided (used) by investing activities from continuing operations (62.4) (380.1) (63.0)
Net cash used by investing activities from discontinued operations (36.8) (36.5) (35.4)
Net cash provided (used) by investing activities (99.2) (416.6) (98.4)
Cash flows from financing activities      
Proceeds from issuance of debt 539.6 265.6 498.4
Payment of debt (59.5) (223.3) (864.4)
Payment of debt issuance costs (0.4) (5.9) (9.3)
Payment of cash dividends to parent (374.2) (350.8) (97.2)
Purchase of non-controlling interest   (12.6)  
Payment of contingent consideration     (3.2)
Net cash (used) provided by financing activities from continuing operations 105.5 (327.0) (475.7)
Net cash provided (used) by financing activities from discontinued operations (14.6) (9.3) (3.2)
Net cash (used) provided by financing activities 90.9 (336.3) (478.9)
Effect of exchange rate changes on cash and cash equivalents due to Venezuela devaluation   (0.4)  
Effect of exchange rate changes on cash and cash equivalents (7.0) 3.1 (1.4)
Net changes in cash and cash equivalents 337.2 (102.6) 22.9
Cash and cash equivalents, beginning of period 168.2 270.8 247.9
Cash and cash equivalents, end of period 505.4 168.2 270.8
Supplemental disclsoure of cash flow information      
Cash paid for interest 208.4 184.9 283.3
Cash paid for taxes 53.8 37.5 35.4
Non cash investing activities      
Acquisition of property, plant and equipment through capital leases $ 3.2 $ 151.7 $ 37.6