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Separate Financial Information of Subsidiary Guarantors of Indebtedness (Tables) | 12 Months Ended
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Dec. 31, 2018
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Condensed Consolidated Statement of Operations | Condensed Consolidating Statement of Operations For the Year Ended December 31, 2016
| Quad/Graphics, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Total
Net sales | $ | 1,863.6 |  |  | $ | 2,429.0 |  |  | $ | 454.6 |  |  | $ | (417.7 | ) |  | $ | 4,329.5 |
Cost of sales | 1,381.1 |  |  | 2,067.3 |  |  | 364.1 |  |  | (417.7 | ) |  | 3,394.8 |
Selling, general and administrative expenses | 257.8 |  |  | 164.6 |  |  | 44.3 |  |  | — |  |  | 466.7 |
Depreciation and amortization | 146.8 |  |  | 100.1 |  |  | 30.2 |  |  | — |  |  | 277.1 |
Restructuring, impairment and transaction-related charges | 56.8 |  |  | 18.2 |  |  | (1.4 | ) |  | — |  |  | 73.6 |
Goodwill impairment | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total operating expenses | 1,842.5 |  |  | 2,350.2 |  |  | 437.2 |  |  | (417.7 | ) |  | 4,212.2 |
Operating income (loss) | 21.1 |  |  | 78.8 |  |  | 17.4 |  |  | — |  |  | 117.3 |
Interest expense (income) | 76.0 |  |  | (4.1 | ) |  | 5.3 |  |  | — |  |  | 77.2 |
Net pension income | — |  |  | (5.1 | ) |  | — |  |  | — |  |  | (5.1 | )
Loss (gain) on debt extinguishment | (14.1 | ) |  | — |  |  | — |  |  | — |  |  | (14.1 | )
Earnings (loss) before income taxes and equity in (earnings) loss of consolidated and unconsolidated entities | (40.8 | ) |  | 88.0 |  |  | 12.1 |  |  | — |  |  | 59.3 |
Income tax expense (benefit) | 15.2 |  |  | (4.8 | ) |  | 2.6 |  |  | — |  |  | 13.0 |
Earnings (loss) before equity in (earnings) loss of consolidated and unconsolidated entities | (56.0 | ) |  | 92.8 |  |  | 9.5 |  |  | — |  |  | 46.3 |
Equity in (earnings) loss of consolidated entities | (100.9 | ) |  | (6.0 | ) |  | — |  |  | 106.9 |  |  | — |
Equity in (earnings) loss of unconsolidated entity | — |  |  | — |  |  | 1.4 |  |  | — |  |  | 1.4 |
Net earnings (loss) | 44.9 |  |  | 98.8 |  |  | 8.1 |  |  | (106.9 | ) |  | 44.9 |
Less: net earnings (loss) attributable to noncontrolling interests | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net earnings (loss) attributable to Quad common shareholders | $ | 44.9 |  |  | $ | 98.8 |  |  | $ | 8.1 |  |  | $ | (106.9 | ) |  | $ | 44.9 |
Condensed Consolidating Statement of Operations For the Year Ended December 31, 2017
| Quad/Graphics, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Total
Net sales | $ | 1,759.7 |  |  | $ | 2,342.5 |  |  | $ | 424.2 |  |  | $ | (395.0 | ) |  | $ | 4,131.4 |
Cost of sales | 1,292.2 |  |  | 2,018.9 |  |  | 336.1 |  |  | (387.8 | ) |  | 3,259.4 |
Selling, general and administrative expenses | 264.7 |  |  | 127.0 |  |  | 39.3 |  |  | (7.2 | ) |  | 423.8 |
Depreciation and amortization | 107.0 |  |  | 103.4 |  |  | 22.1 |  |  | — |  |  | 232.5 |
Restructuring, impairment and transaction-related charges | 44.3 |  |  | 13.0 |  |  | 3.1 |  |  | — |  |  | 60.4 |
Total operating expenses | 1,708.2 |  |  | 2,262.3 |  |  | 400.6 |  |  | (395.0 | ) |  | 3,976.1 |
Operating income (loss) | 51.5 |  |  | 80.2 |  |  | 23.6 |  |  | — |  |  | 155.3 |
Interest expense (income) | 70.4 |  |  | (3.1 | ) |  | 3.8 |  |  | — |  |  | 71.1 |
Net pension income | — |  |  | (9.6 | ) |  | — |  |  | — |  |  | (9.6 | )
Loss (gain) on debt extinguishment | 2.6 |  |  | — |  |  | — |  |  | — |  |  | 2.6 |
Earnings (loss) before income taxes and equity in (earnings) loss of consolidated and unconsolidated entities | (21.5 | ) |  | 92.9 |  |  | 19.8 |  |  | — |  |  | 91.2 |
Income tax expense (benefit) | (32.6 | ) |  | 30.7 |  |  | (14.1 | ) |  | — |  |  | (16.0 | )
Earnings (loss) before equity in (earnings) loss of consolidated and unconsolidated entities | 11.1 |  |  | 62.2 |  |  | 33.9 |  |  | — |  |  | 107.2 |
Equity in (earnings) loss of consolidated entities | (96.1 | ) |  | (2.9 | ) |  | — |  |  | 99.0 |  |  | — |
Equity in (earnings) loss of unconsolidated entity | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net earnings (loss) | 107.2 |  |  | 65.1 |  |  | 33.9 |  |  | (99.0 | ) |  | 107.2 |
Less: net earnings (loss) attributable to noncontrolling interests | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net earnings (loss) attributable to Quad common shareholders | $ | 107.2 |  |  | $ | 65.1 |  |  | $ | 33.9 |  |  | $ | (99.0 | ) |  | $ | 107.2 |
Condensed Consolidating Statement of Operations For the Year Ended December 31, 2018
| Quad/Graphics, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Total
Net sales | $ | 1,748.7 |  |  | $ | 2,457.6 |  |  | $ | 463.9 |  |  | $ | (476.5 | ) |  | $ | 4,193.7 |
Cost of sales | 1,378.2 |  |  | 2,156.2 |  |  | 361.2 |  |  | (466.3 | ) |  | 3,429.3 |
Selling, general and administrative expenses | 232.3 |  |  | 101.9 |  |  | 48.1 |  |  | (10.2 | ) |  | 372.1 |
Depreciation and amortization | 99.5 |  |  | 104.7 |  |  | 26.5 |  |  | — |  |  | 230.7 |
Restructuring, impairment and transaction-related charges | 9.1 |  |  | 72.3 |  |  | 22.2 |  |  | — |  |  | 103.6 |
Total operating expenses | 1,719.1 |  |  | 2,435.1 |  |  | 458.0 |  |  | (476.5 | ) |  | 4,135.7 |
Operating income (loss) | 29.6 |  |  | 22.5 |  |  | 5.9 |  |  | — |  |  | 58.0 |
Interest expense (income) | 64.9 |  |  | 3.1 |  |  | 5.3 |  |  | — |  |  | 73.3 |
Net pension income | — |  |  | (12.4 | ) |  | — |  |  | — |  |  | (12.4 | )
Loss (gain) on debt extinguishment | — |  |  | — |  |  | — |  |  | — |  |  | — |
Earnings (loss) before income taxes and equity in (earnings) loss of consolidated and unconsolidated entities | (35.3 | ) |  | 31.8 |  |  | 0.6 |  |  | — |  |  | (2.9 | )
Income tax expense (benefit) | 13.9 |  |  | (18.7 | ) |  | (5.0 | ) |  | — |  |  | (9.8 | )
Earnings (loss) before equity in (earnings) loss of consolidated and unconsolidated entities | (49.2 | ) |  | 50.5 |  |  | 5.6 |  |  | — |  |  | 6.9 |
Equity in (earnings) loss of consolidated entities | (57.7 | ) |  | (5.7 | ) |  | — |  |  | 63.4 |  |  | — |
Equity in (earnings) loss of unconsolidated entity | — |  |  | — |  |  | (1.0 | ) |  | — |  |  | (1.0 | )
Net earnings (loss) | 8.5 |  |  | 56.2 |  |  | 6.6 |  |  | (63.4 | ) |  | 7.9 |
Less: net earnings (loss) attributable to noncontrolling interests | — |  |  | — |  |  | (0.6 | ) |  | — |  |  | (0.6 | )
Net earnings (loss) attributable to Quad common shareholders | $ | 8.5 |  |  | $ | 56.2 |  |  | $ | 7.2 |  |  | $ | (63.4 | ) |  | $ | 8.5 |
Condensed Consolidated Statement of Comprehensive Income (Loss) | Condensed Consolidating Statement of Comprehensive Income (Loss) For the Year Ended December 31, 2018
| Quad/Graphics, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Total
Net earnings (loss) | $ | 8.5 |  |  | $ | 56.2 |  |  | $ | 6.6 |  |  | $ | (63.4 | ) |  | $ | 7.9 |
Other comprehensive income (loss), net of tax | (24.9 | ) |  | (17.8 | ) |  | (12.7 | ) |  | 30.5 |  |  | (24.9 | )
Total comprehensive income (loss) | (16.4 | ) |  | 38.4 |  |  | (6.1 | ) |  | (32.9 | ) |  | (17.0 | )
Less: comprehensive income (loss) attributable to noncontrolling interests | — |  |  | — |  |  | (0.6 | ) |  | — |  |  | (0.6 | )
Comprehensive income (loss) attributable to Quad common shareholders | $ | (16.4 | ) |  | $ | 38.4 |  |  | $ | (5.5 | ) |  | $ | (32.9 | ) |  | $ | (16.4 | )
Condensed Consolidating Statement of Comprehensive Income (Loss) For the Year Ended December 31, 2016
| Quad/Graphics, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Total
Net earnings (loss) | $ | 44.9 |  |  | $ | 98.8 |  |  | $ | 8.1 |  |  | $ | (106.9 | ) |  | $ | 44.9 |
Other comprehensive income (loss), net of tax | (0.1 | ) |  | 1.7 |  |  | (4.7 | ) |  | 3.0 |  |  | (0.1 | )
Total comprehensive income (loss) | 44.8 |  |  | 100.5 |  |  | 3.4 |  |  | (103.9 | ) |  | 44.8 |
Less: comprehensive income (loss) attributable to noncontrolling interests | — |  |  | — |  |  | — |  |  | — |  |  | — |
Comprehensive income (loss) attributable to Quad common shareholders | $ | 44.8 |  |  | $ | 100.5 |  |  | $ | 3.4 |  |  | $ | (103.9 | ) |  | $ | 44.8 |
Condensed Consolidating Statement of Comprehensive Income (Loss) For the Year Ended December 31, 2017
| Quad/Graphics, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Total
Net earnings (loss) | $ | 107.2 |  |  | $ | 65.1 |  |  | $ | 33.9 |  |  | $ | (99.0 | ) |  | $ | 107.2 |
Other comprehensive income (loss), net of tax | 28.2 |  |  | 13.0 |  |  | 12.0 |  |  | (25.0 | ) |  | 28.2 |
Total comprehensive income (loss) | 135.4 |  |  | 78.1 |  |  | 45.9 |  |  | (124.0 | ) |  | 135.4 |
Less: comprehensive income (loss) attributable to noncontrolling interests | — |  |  | — |  |  | — |  |  | — |  |  | — |
Comprehensive income (loss) attributable to Quad common shareholders | $ | 135.4 |  |  | $ | 78.1 |  |  | $ | 45.9 |  |  | $ | (124.0 | ) |  | $ | 135.4 |
Condensed Consolidating Balance Sheet | Condensed Consolidating Balance Sheet As of December 31, 2018
| Quad/Graphics, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Total
ASSETS |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 60.3 |  |  | $ | 2.9 |  |  | $ | 6.3 |  |  | $ | — |  |  | $ | 69.5 |
Receivables, less allowances for doubtful accounts | 378.0 |  |  | 63.3 |  |  | 87.4 |  |  | — |  |  | 528.7 |
Intercompany receivables | — |  |  | 153.9 |  |  | 28.8 |  |  | (182.7 | ) |  | — |
Inventories | 108.6 |  |  | 121.0 |  |  | 71.0 |  |  | — |  |  | 300.6 |
Other current assets | 34.3 |  |  | 4.3 |  |  | 9.2 |  |  | — |  |  | 47.8 |
Total current assets | 581.2 |  |  | 345.4 |  |  | 202.7 |  |  | (182.7 | ) |  | 946.6 |
Property, plant and equipment—net | 647.7 |  |  | 451.6 |  |  | 158.1 |  |  | — |  |  | 1,257.4 |
Investment in consolidated entities | 757.0 |  |  | 16.7 |  |  | — |  |  | (773.7 | ) |  | — |
Goodwill and intangible assets—net | 1.7 |  |  | 111.3 |  |  | 54.2 |  |  | — |  |  | 167.2 |
Intercompany loan receivable | 109.7 |  |  | — |  |  | — |  |  | (109.7 | ) |  | — |
Other long-term assets | 42.5 |  |  | 10.4 |  |  | 45.0 |  |  | — |  |  | 97.9 |
Total assets | $ | 2,139.8 |  |  | $ | 935.4 |  |  | $ | 460.0 |  |  | $ | (1,066.1 | ) |  | $ | 2,469.1 |
LIABILITIES AND SHAREHOLDERS' EQUITY |  |  |  |  |  |  |  |  |
Accounts payable | $ | 265.5 |  |  | $ | 137.8 |  |  | $ | 107.7 |  |  | $ | — |  |  | $ | 511.0 |
Intercompany accounts payable | 182.7 |  |  | — |  |  | — |  |  | (182.7 | ) |  | — |
Short-term debt and current portion of long-term debt and capital lease obligations | 29.7 |  |  | 0.7 |  |  | 17.6 |  |  | — |  |  | 48.0 |
Other current liabilities | 182.6 |  |  | 64.7 |  |  | 45.0 |  |  | — |  |  | 292.3 |
Total current liabilities | 660.5 |  |  | 203.2 |  |  | 170.3 |  |  | (182.7 | ) |  | 851.3 |
Long-term debt and capital lease obligations | 878.8 |  |  | 1.0 |  |  | 13.1 |  |  | — |  |  | 892.9 |
Intercompany loan payable | — |  |  | 42.0 |  |  | 67.7 |  |  | (109.7 | ) |  | — |
Other long-term liabilities | 140.3 |  |  | 115.4 |  |  | 9.0 |  |  | — |  |  | 264.7 |
Total liabilities | 1,679.6 |  |  | 361.6 |  |  | 260.1 |  |  | (292.4 | ) |  | 2,008.9 |
Total shareholders' equity and noncontrolling interests | 460.2 |  |  | 573.8 |  |  | 199.9 |  |  | (773.7 | ) |  | 460.2 |
Total liabilities and shareholders' equity | $ | 2,139.8 |  |  | $ | 935.4 |  |  | $ | 460.0 |  |  | $ | (1,066.1 | ) |  | $ | 2,469.1 |
Condensed Consolidating Balance Sheet As of December 31, 2017
| Quad/Graphics, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Total
ASSETS |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 51.7 |  |  | $ | 2.0 |  |  | $ | 10.7 |  |  | $ | — |  |  | $ | 64.4 |
Receivables, less allowances for doubtful accounts | 427.9 |  |  | 40.6 |  |  | 84.0 |  |  | — |  |  | 552.5 |
Intercompany receivables | — |  |  | 85.3 |  |  | — |  |  | (85.3 | ) |  | — |
Inventories | 97.0 |  |  | 108.6 |  |  | 40.9 |  |  | — |  |  | 246.5 |
Other current assets | 35.2 |  |  | 2.6 |  |  | 7.3 |  |  | — |  |  | 45.1 |
Total current assets | 611.8 |  |  | 239.1 |  |  | 142.9 |  |  | (85.3 | ) |  | 908.5 |
Property, plant and equipment—net | 706.5 |  |  | 508.6 |  |  | 162.5 |  |  | — |  |  | 1,377.6 |
Investment in consolidated entities | 578.3 |  |  | 12.1 |  |  | — |  |  | (590.4 | ) |  | — |
Goodwill and intangible assets—net | 6.9 |  |  | 25.5 |  |  | 11.0 |  |  | — |  |  | 43.4 |
Intercompany loan receivable | 106.3 |  |  | — |  |  | 1.7 |  |  | (108.0 | ) |  | — |
Other long-term assets | 60.5 |  |  | 13.5 |  |  | 48.9 |  |  | — |  |  | 122.9 |
Total assets | $ | 2,070.3 |  |  | $ | 798.8 |  |  | $ | 367.0 |  |  | $ | (783.7 | ) |  | $ | 2,452.4 |
LIABILITIES AND SHAREHOLDERS' EQUITY |  |  |  |  |  |  |  |  |
Accounts payable | $ | 201.6 |  |  | $ | 115.9 |  |  | $ | 64.1 |  |  | $ | — |  |  | $ | 381.6 |
Intercompany accounts payable | 75.1 |  |  | — |  |  | 10.2 |  |  | (85.3 | ) |  | — |
Short-term debt and current portion of long-term debt and capital lease obligations | 31.9 |  |  | 1.0 |  |  | 14.7 |  |  | — |  |  | 47.6 |
Other current liabilities | 213.9 |  |  | 74.9 |  |  | 27.9 |  |  | — |  |  | 316.7 |
Total current liabilities | 522.5 |  |  | 191.8 |  |  | 116.9 |  |  | (85.3 | ) |  | 745.9 |
Long-term debt and capital lease obligations | 904.3 |  |  | 1.4 |  |  | 11.5 |  |  | — |  |  | 917.2 |
Intercompany loan payable | — |  |  | 40.9 |  |  | 67.1 |  |  | (108.0 | ) |  | — |
Other long-term liabilities | 121.1 |  |  | 133.4 |  |  | 12.4 |  |  | — |  |  | 266.9 |
Total liabilities | 1,547.9 |  |  | 367.5 |  |  | 207.9 |  |  | (193.3 | ) |  | 1,930.0 |
Total shareholders' equity and noncontrolling interests | 522.4 |  |  | 431.3 |  |  | 159.1 |  |  | (590.4 | ) |  | 522.4 |
Total liabilities and shareholders' equity | $ | 2,070.3 |  |  | $ | 798.8 |  |  | $ | 367.0 |  |  | $ | (783.7 | ) |  | $ | 2,452.4 |
Condensed Consolidated Statement of Cash Flows | Condensed Consolidating Statement of Cash Flows For the Year Ended December 31, 2018
| Quad/Graphics, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Total
OPERATING ACTIVITIES |  |  |  |  |  |  |  |  |
Net cash from (used in) operating activities | $ | 145.1 |  |  | $ | 65.6 |  |  | $ | 49.9 |  |  | $ | — |  |  | $ | 260.6 |
INVESTING ACTIVITIES |  |  |  |  |  |  |  |  |
Purchases of property, plant and equipment | (23.7 | ) |  | (45.3 | ) |  | (27.3 | ) |  | — |  |  | (96.3 | )
Acquisition related investing activities—net of cash acquired | — |  |  | (76.4 | ) |  | 5.0 |  |  | — |  |  | (71.4 | )
Intercompany investing activities | (151.0 | ) |  | (81.2 | ) |  | (0.6 | ) |  | 232.8 |  |  | — |
Other investing activities | 29.4 |  |  | 13.3 |  |  | 4.5 |  |  | — |  |  | 47.2 |
Net cash from (used in) investing activities | (145.3 | ) |  | (189.6 | ) |  | (18.4 | ) |  | 232.8 |  |  | (120.5 | )
FINANCING ACTIVITIES |  |  |  |  |  |  |  |  |
Proceeds from issuance of long-term debt | — |  |  | — |  |  | 7.8 |  |  | — |  |  | 7.8 |
Payments of long-term debt and capital lease obligations | (31.7 | ) |  | (2.1 | ) |  | (5.7 | ) |  | — |  |  | (39.5 | )
Borrowings on revolving credit facilities | 2,536.3 |  |  | — |  |  | 27.4 |  |  | — |  |  | 2,563.7 |
Payments on revolving credit facilities | (2,536.3 | ) |  | — |  |  | (24.8 | ) |  | — |  |  | (2,561.1 | )
Purchases of treasury stock | (36.7 | ) |  | — |  |  | — |  |  | — |  |  | (36.7 | )
Payment of cash dividends | (62.9 | ) |  | — |  |  | — |  |  | — |  |  | (62.9 | )
Intercompany financing activities | 144.9 |  |  | 127.0 |  |  | (39.1 | ) |  | (232.8 | ) |  | — |
Other financing activities | (4.8 | ) |  | — |  |  | — |  |  | — |  |  | (4.8 | )
Net cash from (used in) financing activities | 8.8 |  |  | 124.9 |  |  | (34.4 | ) |  | (232.8 | ) |  | (133.5 | )
Effect of exchange rates on cash and cash equivalents | — |  |  | — |  |  | (1.5 | ) |  | — |  |  | (1.5 | )
Net increase (decrease) in cash and cash equivalents | 8.6 |  |  | 0.9 |  |  | (4.4 | ) |  | — |  |  | 5.1 |
Cash and cash equivalents at beginning of year | 51.7 |  |  | 2.0 |  |  | 10.7 |  |  | — |  |  | 64.4 |
Cash and cash equivalents at end of year | $ | 60.3 |  |  | $ | 2.9 |  |  | $ | 6.3 |  |  | $ | — |  |  | $ | 69.5 |
Condensed Consolidating Statement of Cash Flows For the Year Ended December 31, 2017
| Quad/Graphics, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Total
OPERATING ACTIVITIES |  |  |  |  |  |  |  |  |
Net cash from (used in) operating activities | $ | 974.5 |  |  | $ | (647.3 | ) |  | $ | 16.8 |  |  | $ | — |  |  | $ | 344.0 |
INVESTING ACTIVITIES |  |  |  |  |  |  |  |  |
Purchases of property, plant and equipment | (27.5 | ) |  | (43.9 | ) |  | (14.5 | ) |  | — |  |  | (85.9 | )
Divestiture related investing activities | 8.4 |  |  | 5.7 |  |  | — |  |  | — |  |  | 14.1 |
Acquisition related investing activities—net of cash acquired | — |  |  | — |  |  | — |  |  | — |  |  | — |
Intercompany investing activities | (18.1 | ) |  | 632.7 |  |  | (0.3 | ) |  | (614.3 | ) |  | — |
Other investing activities | 0.9 |  |  | 21.6 |  |  | 2.1 |  |  | — |  |  | 24.6 |
Net cash from (used in) investing activities | (36.3 | ) |  | 616.1 |  |  | (12.7 | ) |  | (614.3 | ) |  | (47.2 | )
FINANCING ACTIVITIES |  |  |  |  |  |  |  |  |
Proceeds from issuance of long-term debt | 375.0 |  |  | — |  |  | — |  |  | — |  |  | 375.0 |
Payments of long-term debt and capital lease obligations | (523.3 | ) |  | (2.9 | ) |  | (4.3 | ) |  | — |  |  | (530.5 | )
Borrowings on revolving credit facilities | 706.7 |  |  | — |  |  | 11.8 |  |  | — |  |  | 718.5 |
Payments on revolving credit facilities | (725.7 | ) |  | — |  |  | (10.3 | ) |  | — |  |  | (736.0 | )
Purchases of treasury stock | (3.8 | ) |  | — |  |  | — |  |  | — |  |  | (3.8 | )
Payment of cash dividends | (62.5 | ) |  | — |  |  | — |  |  | — |  |  | (62.5 | )
Intercompany financing activities | (645.1 | ) |  | 30.2 |  |  | 0.6 |  |  | 614.3 |  |  | — |
Other financing activities | (8.1 | ) |  | (4.3 | ) |  | — |  |  | — |  |  | (12.4 | )
Net cash from (used in) financing activities | (886.8 | ) |  | 23.0 |  |  | (2.2 | ) |  | 614.3 |  |  | (251.7 | )
Effect of exchange rates on cash and cash equivalents | — |  |  | — |  |  | 0.1 |  |  | — |  |  | 0.1 |
Net increase (decrease) in cash and cash equivalents | 51.4 |  |  | (8.2 | ) |  | 2.0 |  |  | — |  |  | 45.2 |
Cash and cash equivalents at beginning of year | 0.3 |  |  | 10.2 |  |  | 8.7 |  |  | — |  |  | 19.2 |
Cash and cash equivalents at end of year | $ | 51.7 |  |  | $ | 2.0 |  |  | $ | 10.7 |  |  | $ | — |  |  | $ | 64.4 |
Condensed Consolidating Statement of Cash Flows For the Year Ended December 31, 2016
| Quad/Graphics, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Total
OPERATING ACTIVITIES |  |  |  |  |  |  |  |  |
Net cash from (used in) operating activities | $ | 676.2 |  |  | $ | (340.8 | ) |  | $ | 18.2 |  |  | $ | — |  |  | $ | 353.6 |
INVESTING ACTIVITIES |  |  |  |  |  |  |  |  |
Purchases of property, plant and equipment | (35.9 | ) |  | (46.8 | ) |  | (23.4 | ) |  | — |  |  | (106.1 | )
Acquisition related investing activities—net of cash acquired | (0.9 | ) |  | 0.9 |  |  | — |  |  | — |  |  | — |
Intercompany investing activities | (62.4 | ) |  | 368.1 |  |  | 3.8 |  |  | (309.5 | ) |  | — |
Other investing activities | (4.5 | ) |  | 18.1 |  |  | 3.7 |  |  | — |  |  | 17.3 |
Net cash from (used in) investing activities | (103.7 | ) |  | 340.3 |  |  | (15.9 | ) |  | (309.5 | ) |  | (88.8 | )
FINANCING ACTIVITIES |  |  |  |  |  |  |  |  |
Proceeds from issuance of long-term debt | — |  |  | — |  |  | 19.7 |  |  | — |  |  | 19.7 |
Payments of long-term debt and capital lease obligations | (195.7 | ) |  | (3.5 | ) |  | (2.3 | ) |  | — |  |  | (201.5 | )
Borrowings on revolving credit facilities | 806.1 |  |  | — |  |  | 65.8 |  |  | — |  |  | 871.9 |
Payments on revolving credit facilities | (857.9 | ) |  | — |  |  | (60.1 | ) |  | — |  |  | (918.0 | )
Purchases of treasury stock | (8.8 | ) |  | — |  |  | — |  |  | — |  |  | (8.8 | )
Payment of cash dividends | (61.1 | ) |  | — |  |  | — |  |  | — |  |  | (61.1 | )
Intercompany financing activities | (285.9 | ) |  | 0.2 |  |  | (23.8 | ) |  | 309.5 |  |  | — |
Other financing activities | 28.8 |  |  | (0.3 | ) |  | — |  |  | — |  |  | 28.5 |
Net cash from (used in) financing activities | (574.5 | ) |  | (3.6 | ) |  | (0.7 | ) |  | 309.5 |  |  | (269.3 | )
Effect of exchange rates on cash and cash equivalents | — |  |  | — |  |  | (0.6 | ) |  | — |  |  | (0.6 | )
Net increase (decrease) in cash and cash equivalents | (2.0 | ) |  | (4.1 | ) |  | 1.0 |  |  | — |  |  | (5.1 | )
Cash and cash equivalents at beginning of year | 2.3 |  |  | 14.3 |  |  | 7.7 |  |  | — |  |  | 24.3 |
Cash and cash equivalents at end of year | $ | 0.3 |  |  | $ | 10.2 |  |  | $ | 8.7 |  |  | $ | — |  |  | $ | 19.2 |

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