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Consolidating Financial Information - Convertible Senior Subordinated Notes | 3 Months Ended
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Jun. 30, 2017
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Consolidating Financial Information - Convertible Senior Subordinated Notes | Consolidating Financial Information — Convertible Senior Subordinated Notes The April 2013 1.25% Notes by their terms, are fully and unconditionally guaranteed by the Company. Lions Gate Entertainment Inc. ("LGEI"), the issuer of the April 2013 1.25% Notes that are guaranteed by the Company, is 100% owned by the parent company guarantor, Lions Gate Entertainment Corp. The following tables present condensed consolidating financial information as of June 30, 2017 and March 31, 2017, and for the three months ended June 30, 2017 and 2016 for (1) the Company, on a stand-alone basis, (2) LGEI, on a stand-alone basis, (3) the non-guarantor subsidiaries of the Company (including the subsidiaries of LGEI), on a combined basis (collectively, the “Non-guarantor Subsidiaries”) and (4) the Company, on a consolidated basis.
| As of
| June 30, 2017
| Lions Gate Entertainment Corp. |  | Lions Gate Entertainment Inc. |  | Non-guarantor Subsidiaries |  | Consolidating Adjustments |  | Lions Gate Consolidated
| (Amounts in millions)
BALANCE SHEET |  |  |  |  |  |  |  |  |
Assets |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 1.2 |  |  | $ | 79.9 |  |  | $ | 75.4 |  |  | $ | — |  |  | $ | 156.5 |
Restricted cash | — |  |  | — |  |  | — |  |  | — |  |  | — |
Accounts receivable, net | 0.7 |  |  | 1.8 |  |  | 820.4 |  |  | — |  |  | 822.9 |
Program rights | — |  |  | — |  |  | 238.8 |  |  | — |  |  | 238.8 |
Other current assets | — |  |  | 24.7 |  |  | 189.5 |  |  | (4.6 | ) |  | 209.6 |
Total current assets | 1.9 |  |  | 106.4 |  |  | 1,324.1 |  |  | (4.6 | ) |  | 1,427.8 |
Investment in films and television programs and program rights, net | — |  |  | 6.6 |  |  | 1,653.8 |  |  | — |  |  | 1,660.4 |
Property and equipment, net | — |  |  | 36.0 |  |  | 126.6 |  |  | — |  |  | 162.6 |
Investments | 40.1 |  |  | 17.7 |  |  | 121.4 |  |  | — |  |  | 179.2 |
Intangible assets | — |  |  | — |  |  | 2,019.5 |  |  | — |  |  | 2,019.5 |
Goodwill | 10.2 |  |  | — |  |  | 2,694.3 |  |  | — |  |  | 2,704.5 |
Other assets | — |  |  | 17.7 |  |  | 428.5 |  |  | — |  |  | 446.2 |
Deferred tax assets | 29.1 |  |  | 303.3 |  |  | — |  |  | (298.9 | ) |  | 33.5 |
Subsidiary investments and advances | 5,292.7 |  |  | 1,818.7 |  |  | 6,039.5 |  |  | (13,150.9 | ) |  | — |
| $ | 5,374.0 |  |  | $ | 2,306.4 |  |  | $ | 14,407.7 |  |  | $ | (13,454.4 | ) |  | $ | 8,633.7 |
Liabilities and Shareholders' Equity (Deficiency) |  |  |  |  |  |  |  |  |
Accounts payable and accrued liabilities | 22.2 |  |  | 59.9 |  |  | 246.1 |  |  | — |  |  | 328.2 |
Participations and residuals | — |  |  | 3.5 |  |  | 495.4 |  |  | — |  |  | 498.9 |
Film obligations and production loans | — |  |  | — |  |  | 168.8 |  |  | — |  |  | 168.8 |
Debt - short term portion | 70.0 |  |  | — |  |  | 8.0 |  |  | — |  |  | 78.0 |
Deferred revenue | — |  |  | 2.2 |  |  | 158.9 |  |  | — |  |  | 161.1 |
Total current liabilities | 92.2 |  |  | 65.6 |  |  | 1,077.2 |  |  | — |  |  | 1,235.0 |
Debt | 2,506.0 |  |  | 54.6 |  |  | 62.6 |  |  | — |  |  | 2,623.2 |
Participations and residuals | — |  |  | — |  |  | 372.1 |  |  | — |  |  | 372.1 |
Film obligations and production loans | — |  |  | — |  |  | 156.8 |  |  | — |  |  | 156.8 |
Other liabilities | — |  |  | — |  |  | 44.2 |  |  | — |  |  | 44.2 |
Dissenting shareholders liability | — |  |  | — |  |  | 826.2 |  |  | — |  |  | 826.2 |
Deferred revenue | — |  |  | — |  |  | 73.1 |  |  | — |  |  | 73.1 |
Deferred tax liabilities | — |  |  | — |  |  | 731.2 |  |  | (298.9 | ) |  | 432.3 |
Intercompany payable | — |  |  | 2,503.2 |  |  | 4,425.0 |  |  | (6,928.2 | ) |  | — |
Redeemable noncontrolling interest | — |  |  | — |  |  | 95.0 |  |  | — |  |  | 95.0 |
Total shareholders' equity (deficiency) | 2,775.8 |  |  | (317.0 | ) |  | 6,544.3 |  |  | (6,227.3 | ) |  | 2,775.8 |
| $ | 5,374.0 |  |  | $ | 2,306.4 |  |  | $ | 14,407.7 |  |  | $ | (13,454.4 | ) |  | $ | 8,633.7 |
| Three Months Ended
| June 30, 2017
| Lions Gate Entertainment Corp. |  | Lions Gate Entertainment Inc. |  | Non-guarantor Subsidiaries |  | Consolidating Adjustments |  | Lions Gate Consolidated
|  |  | (Amounts in millions) |  |
STATEMENT OF OPERATIONS |  |  |  |  |  |  |  |  |
Revenues | $ | — |  |  | $ | 1.3 |  |  | $ | 1,004.0 |  |  | $ | — |  |  | $ | 1,005.3 |
EXPENSES: |  |  |  |  |  |  |  |  |
Direct operating | — |  |  | (0.9 | ) |  | 555.8 |  |  | — |  |  | 554.9 |
Distribution and marketing | — |  |  | 1.6 |  |  | 196.5 |  |  | — |  |  | 198.1 |
General and administration | 0.8 |  |  | 41.3 |  |  | 70.0 |  |  | (0.4 | ) |  | 111.7 |
Depreciation and amortization | — |  |  | 2.6 |  |  | 37.4 |  |  | — |  |  | 40.0 |
Restructuring and other | 1.1 |  |  | 9.1 |  |  | 0.7 |  |  | — |  |  | 10.9 |
Total expenses | 1.9 |  |  | 53.7 |  |  | 860.4 |  |  | (0.4 | ) |  | 915.6 |
OPERATING INCOME (LOSS) | (1.9 | ) |  | (52.4 | ) |  | 143.6 |  |  | 0.4 |  |  | 89.7 |
Other expenses (income): |  |  |  |  |  |  |  |  |
Interest expense | 36.4 |  |  | 55.1 |  |  | 111.0 |  |  | (150.2 | ) |  | 52.3 |
Interest and other income | (105.4 | ) |  | — |  |  | (47.4 | ) |  | 150.0 |  |  | (2.8 | )
Loss on extinguishment of debt | 10.9 |  |  | 0.7 |  |  | — |  |  | — |  |  | 11.6 |
Total other expenses (income) | (58.1 | ) |  | 55.8 |  |  | 63.6 |  |  | (0.2 | ) |  | 61.1 |
INCOME (LOSS) BEFORE EQUITY INTERESTS AND INCOME TAXES | 56.2 |  |  | (108.2 | ) |  | 80.0 |  |  | 0.6 |  |  | 28.6 |
Equity interests income (loss) | 108.6 |  |  | 277.0 |  |  | (3.1 | ) |  | (390.8 | ) |  | (8.3 | )
Gain on sale of equity interest in EPIX | — |  |  | — |  |  | 201.0 |  |  | — |  |  | 201.0 |
INCOME (LOSS) BEFORE INCOME TAXES | 164.8 |  |  | 168.8 |  |  | 277.9 |  |  | (390.2 | ) |  | 221.3 |
Income tax provision (benefit) | (9.0 | ) |  | 60.2 |  |  | 105.8 |  |  | (110.2 | ) |  | 46.8 |
NET INCOME (LOSS) | 173.8 |  |  | 108.6 |  |  | 172.1 |  |  | (280.0 | ) |  | 174.5 |
Less: Net income attributable to noncontrolling interest | — |  |  | — |  |  | — |  |  | (0.7 | ) |  | (0.7 | )
Net income (loss) attributable to Lions Gate Entertainment Corp. shareholders | $ | 173.8 |  |  | $ | 108.6 |  |  | $ | 172.1 |  |  | $ | (280.7 | ) |  | $ | 173.8 |
| Three Months Ended
| June 30, 2017
| Lions Gate Entertainment Corp. |  | Lions Gate Entertainment Inc. |  | Non-guarantor Subsidiaries |  | Consolidating Adjustments |  | Lions Gate Consolidated
STATEMENT OF COMPREHENSIVE INCOME (LOSS) |  |  | (Amounts in millions) |  |
NET INCOME (LOSS) | $ | 173.8 |  |  | $ | 108.6 |  |  | $ | 172.1 |  |  | $ | (280.0 | ) |  | $ | 174.5 |
Foreign currency translation adjustments, net of tax | 1.1 |  |  | 3.3 |  |  | (10.4 | ) |  | 8.0 |  |  | 2.0 |
Net unrealized loss on available-for-sale securities, net of tax | (0.9 | ) |  | (0.9 | ) |  | — |  |  | 0.9 |  |  | (0.9 | )
Net unrealized gain on foreign exchange contracts, net of tax | 0.7 |  |  | — |  |  | 0.7 |  |  | (0.7 | ) |  | 0.7 |
COMPREHENSIVE INCOME (LOSS) | 174.7 |  |  | 111.0 |  |  | 162.4 |  |  | (271.8 | ) |  | 176.3 |
Less: Comprehensive income attributable to noncontrolling interest | — |  |  | — |  |  | — |  |  | (0.7 | ) |  | (0.7 | )
Comprehensive income (loss) attributable to Lions Gate Entertainment Corp. shareholders | $ | 174.7 |  |  | $ | 111.0 |  |  | $ | 162.4 |  |  | $ | (272.5 | ) |  | $ | 175.6 |
| Three Months Ended
| June 30, 2017
| Lions Gate Entertainment Corp. |  | Lions Gate Entertainment Inc. |  | Non-guarantor Subsidiaries |  | Consolidating Adjustments |  | Lions Gate Consolidated
| (Amounts in millions)
STATEMENT OF CASH FLOWS |  |  |  |  |  |  |  |  |
NET CASH FLOWS PROVIDED BY (USED IN) OPERATING ACTIVITIES | $ | 419.9 |  |  | $ | (75.9 | ) |  | $ | (274.4 | ) |  | $ | — |  |  | $ | 69.6 |
INVESTING ACTIVITIES: |  |  |  |  |  |  |  |  |
Proceeds from the sale of equity method investees | — |  |  | — |  |  | 393.7 |  |  | — |  |  | 393.7 |
Investment in equity method investees | — |  |  | (2.7 | ) |  | (6.8 | ) |  | — |  |  | (9.5 | )
Capital expenditures | — |  |  | (2.1 | ) |  | (7.3 | ) |  | — |  |  | (9.4 | )
NET CASH FLOWS PROVIDED BY (USED IN) INVESTING ACTIVITIES | — |  |  | (4.8 | ) |  | 379.6 |  |  | — |  |  | 374.8 |
FINANCING ACTIVITIES: |  |  |  |  |  |  |  |  |
Debt - borrowings | 115.0 |  |  | — |  |  | — |  |  | — |  |  | 115.0 |
Debt - repayments | (552.5 | ) |  | — |  |  | (1.5 | ) |  | — |  |  | (554.0 | )
Production loans - borrowings | — |  |  | — |  |  | 38.5 |  |  | — |  |  | 38.5 |
Production loans - repayments | — |  |  | — |  |  | (209.1 | ) |  | — |  |  | (209.1 | )
Distributions to noncontrolling interest | — |  |  | — |  |  | (3.0 | ) |  | — |  |  | (3.0 | )
Exercise of stock options | 9.2 |  |  | — |  |  | — |  |  | — |  |  | 9.2 |
Tax withholding required on equity awards | (5.5 | ) |  | — |  |  | — |  |  | — |  |  | (5.5 | )
NET CASH FLOWS PROVIDED BY (USED IN) FINANCING ACTIVITIES | (433.8 | ) |  | — |  |  | (175.1 | ) |  | — |  |  | (608.9 | )
NET CHANGE IN CASH AND CASH EQUIVALENTS | (13.9 | ) |  | (80.7 | ) |  | (69.9 | ) |  | — |  |  | (164.5 | )
FOREIGN EXCHANGE EFFECTS ON CASH | — |  |  | — |  |  | (0.9 | ) |  | — |  |  | (0.9 | )
CASH AND CASH EQUIVALENTS — BEGINNING OF PERIOD | 15.1 |  |  | 160.6 |  |  | 146.2 |  |  | — |  |  | 321.9 |
CASH AND CASH EQUIVALENTS — END OF PERIOD | $ | 1.2 |  |  | $ | 79.9 |  |  | $ | 75.4 |  |  | $ | — |  |  | $ | 156.5 |
| As of
| March 31, 2017
| Lions Gate Entertainment Corp. |  | Lions Gate Entertainment Inc. |  | Non-guarantor Subsidiaries |  | Consolidating Adjustments |  | Lions Gate Consolidated
| (Amounts in millions)
BALANCE SHEET |  |  |  |  |  |  |  |  |
Assets |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 15.1 |  |  | $ | 160.6 |  |  | $ | 146.2 |  |  | $ | — |  |  | $ | 321.9 |
Restricted cash | — |  |  | 2.8 |  |  | — |  |  | — |  |  | 2.8 |
Accounts receivable, net | 0.6 |  |  | 1.7 |  |  | 905.8 |  |  | — |  |  | 908.1 |
Program rights | — |  |  | — |  |  | 261.7 |  |  | — |  |  | 261.7 |
Other current assets | — |  |  | 21.0 |  |  | 179.7 |  |  | (4.8 | ) |  | 195.9 |
Total current assets | 15.7 |  |  | 186.1 |  |  | 1,493.4 |  |  | (4.8 | ) |  | 1,690.4 |
Investment in films and television programs, net | — |  |  | 6.5 |  |  | 1,723.0 |  |  | — |  |  | 1,729.5 |
Property and equipment, net | — |  |  | 36.3 |  |  | 129.2 |  |  | — |  |  | 165.5 |
Investments | 40.1 |  |  | 18.0 |  |  | 313.4 |  |  | — |  |  | 371.5 |
Intangible assets | — |  |  | — |  |  | 2,046.7 |  |  | — |  |  | 2,046.7 |
Goodwill | 10.2 |  |  | — |  |  | 2,690.3 |  |  | — |  |  | 2,700.5 |
Other assets | — |  |  | 17.1 |  |  | 455.7 |  |  | — |  |  | 472.8 |
Deferred tax assets | 20.0 |  |  | 290.8 |  |  | — |  |  | (290.8 | ) |  | 20.0 |
Subsidiary investments and advances | 5,451.0 |  |  | 1,413.3 |  |  | 5,738.7 |  |  | (12,603.0 | ) |  | — |
| $ | 5,537.0 |  |  | $ | 1,968.1 |  |  | $ | 14,590.4 |  |  | $ | (12,898.6 | ) |  | $ | 9,196.9 |
Liabilities and Shareholders' Equity (Deficiency) |  |  |  |  |  |  |  |  |
Accounts payable and accrued liabilities | 24.1 |  |  | 75.3 |  |  | 473.6 |  |  | — |  |  | 573.0 |
Participations and residuals | — |  |  | 3.5 |  |  | 511.4 |  |  | — |  |  | 514.9 |
Film obligations and production loans | — |  |  | — |  |  | 367.2 |  |  | — |  |  | 367.2 |
Debt - short term portion | 70.0 |  |  | — |  |  | 7.9 |  |  | — |  |  | 77.9 |
Deferred revenue | — |  |  | 2.4 |  |  | 154.5 |  |  | — |  |  | 156.9 |
Total current liabilities | 94.1 |  |  | 81.2 |  |  | 1,514.6 |  |  | — |  |  | 1,689.9 |
Debt | 2,928.6 |  |  | 53.7 |  |  | 64.7 |  |  | — |  |  | 3,047.0 |
Participations and residuals | — |  |  | — |  |  | 359.7 |  |  | — |  |  | 359.7 |
Film obligations and production loans | — |  |  | — |  |  | 116.0 |  |  | — |  |  | 116.0 |
Other liabilities | — |  |  | — |  |  | 50.3 |  |  | — |  |  | 50.3 |
Dissenting shareholders liability | — |  |  | — |  |  | 812.9 |  |  | — |  |  | 812.9 |
Deferred revenue | — |  |  | — |  |  | 72.7 |  |  | — |  |  | 72.7 |
Deferred tax liabilities | — |  |  | — |  |  | 731.0 |  |  | (290.8 | ) |  | 440.2 |
Intercompany payable | — |  |  | 2,314.6 |  |  | 4,643.7 |  |  | (6,958.3 | ) |  | — |
Redeemable noncontrolling interest | — |  |  | — |  |  | 93.8 |  |  | — |  |  | 93.8 |
Total shareholders' equity (deficiency) | 2,514.3 |  |  | (481.4 | ) |  | 6,131.0 |  |  | (5,649.5 | ) |  | 2,514.4 |
| $ | 5,537.0 |  |  | $ | 1,968.1 |  |  | $ | 14,590.4 |  |  | $ | (12,898.6 | ) |  | $ | 9,196.9 |
| Three Months Ended
| June 30, 2016
| Lions Gate Entertainment Corp. |  | Lions Gate Entertainment Inc. |  | Non-guarantor Subsidiaries |  | Consolidating Adjustments |  | Lions Gate Consolidated
| (Amounts in millions)
STATEMENT OF OPERATIONS |  |  |  |  |  |  |  |  |
Revenues | $ | — |  |  | $ | 5.2 |  |  | $ | 548.4 |  |  | $ | — |  |  | $ | 553.6 |
EXPENSES: |  |  |  |  |  |  |  |  |
Direct operating | — |  |  | 1.0 |  |  | 365.3 |  |  | — |  |  | 366.3 |
Distribution and marketing | — |  |  | 0.5 |  |  | 124.5 |  |  | — |  |  | 125.0 |
General and administration | 0.4 |  |  | 38.7 |  |  | 32.0 |  |  | (0.1 | ) |  | 71.0 |
Depreciation and amortization | — |  |  | 3.6 |  |  | 2.0 |  |  | — |  |  | 5.6 |
Restructuring and other | — |  |  | 7.6 |  |  | 0.1 |  |  | — |  |  | 7.7 |
Total expenses | 0.4 |  |  | 51.4 |  |  | 523.9 |  |  | (0.1 | ) |  | 575.6 |
OPERATING INCOME (LOSS) | (0.4 | ) |  | (46.2 | ) |  | 24.5 |  |  | 0.1 |  |  | (22.0 | )
Other expenses (income): |  |  |  |  |  |  |  |  |
Interest expense | 11.1 |  |  | 57.1 |  |  | 45.7 |  |  | (98.7 | ) |  | 15.2 |
Interest and other income | (53.9 | ) |  | 0.1 |  |  | (45.7 | ) |  | 98.6 |  |  | (0.9 | )
Total other expenses (income) | (42.8 | ) |  | 57.2 |  |  | — |  |  | (0.1 | ) |  | 14.3 |
INCOME (LOSS) BEFORE EQUITY INTERESTS AND INCOME TAXES | 42.4 |  |  | (103.4 | ) |  | 24.5 |  |  | 0.2 |  |  | (36.3 | )
Equity interests income (loss) | (40.6 | ) |  | 35.4 |  |  | 11.4 |  |  | 4.6 |  |  | 10.8 |
INCOME (LOSS) BEFORE INCOME TAXES | 1.8 |  |  | (68.0 | ) |  | 35.9 |  |  | 4.8 |  |  | (25.5 | )
Income tax provision (benefit) | 0.5 |  |  | (27.4 | ) |  | 14.2 |  |  | (13.6 | ) |  | (26.3 | )
NET INCOME (LOSS) | 1.3 |  |  | (40.6 | ) |  | 21.7 |  |  | 18.4 |  |  | 0.8 |
Less: Net loss attributable to noncontrolling interest | — |  |  | — |  |  | — |  |  | 0.5 |  |  | 0.5 |
Net income (loss) attributable to Lions Gate Entertainment Corp. shareholders | $ | 1.3 |  |  | $ | (40.6 | ) |  | $ | 21.7 |  |  | $ | 18.9 |  |  | $ | 1.3 |
| Three Months Ended
| June 30, 2016
| Lions Gate Entertainment Corp. |  | Lions Gate Entertainment Inc. |  | Non-guarantor Subsidiaries |  | Consolidating Adjustments |  | Lions Gate Consolidated
STATEMENT OF COMPREHENSIVE INCOME (LOSS) | (Amounts in millions)
NET INCOME (LOSS) | $ | 1.3 |  |  | $ | (40.6 | ) |  | $ | 21.7 |  |  | $ | 18.4 |  |  | $ | 0.8 |
Foreign currency translation adjustments, net of tax | (4.3 | ) |  | (7.0 | ) |  | (11.0 | ) |  | 18.0 |  |  | (4.3 | )
Net unrealized gain (loss) on available-for-sale securities, net of tax | 16.9 |  |  | — |  |  | 16.9 |  |  | (16.9 | ) |  | 16.9 |
Net unrealized loss on foreign exchange contracts, net of tax | (2.6 | ) |  | — |  |  | (2.6 | ) |  | 2.6 |  |  | (2.6 | )
COMPREHENSIVE INCOME (LOSS) | $ | 11.3 |  |  | $ | (47.6 | ) |  | $ | 25.0 |  |  | $ | 22.1 |  |  | $ | 10.8 |
Less: Comprehensive loss attributable to noncontrolling interest | — |  |  | — |  |  | — |  |  | 0.5 |  |  | 0.5 |
Comprehensive income (loss) attributable to Lions Gate Entertainment Corp. shareholders | $ | 11.3 |  |  | $ | (47.6 | ) |  | $ | 25.0 |  |  | $ | 22.6 |  |  | $ | 11.3 |
| Three Months Ended
| June 30, 2016
| Lions Gate Entertainment Corp. |  | Lions Gate Entertainment Inc. |  | Non-guarantor Subsidiaries |  | Consolidating Adjustments |  | Lions Gate Consolidated
| (Amounts in millions)
STATEMENT OF CASH FLOWS |  |  |  |  |  |  |  |  |
NET CASH FLOWS PROVIDED BY (USED IN) OPERATING ACTIVITIES | $ | (37.0 | ) |  | $ | 2.4 |  |  | $ | 177.7 |  |  | $ | — |  |  | $ | 143.1 |
INVESTING ACTIVITIES: |  |  |  |  |  |  |  |  |
Investment in equity method investees and other investments | — |  |  | — |  |  | (4.2 | ) |  | — |  |  | (4.2 | )
Capital expenditures | — |  |  | (2.0 | ) |  | (0.9 | ) |  | — |  |  | (2.9 | )
NET CASH FLOWS PROVIDED BY (USED IN) INVESTING ACTIVITIES | — |  |  | (2.0 | ) |  | (5.1 | ) |  | — |  |  | (7.1 | )
FINANCING ACTIVITIES: |  |  |  |  |  |  |  |  |
Debt - borrowings | 185.0 |  |  | — |  |  | — |  |  | — |  |  | 185.0 |
Debt - repayments | (121.0 | ) |  | — |  |  | — |  |  | — |  |  | (121.0 | )
Production loans - borrowings | — |  |  | — |  |  | 63.3 |  |  | — |  |  | 63.3 |
Production loans - repayments | — |  |  | — |  |  | (222.7 | ) |  | — |  |  | (222.7 | )
Dividends paid | (13.2 | ) |  | — |  |  | — |  |  | — |  |  | (13.2 | )
Distributions to noncontrolling interest | — |  |  | — |  |  | (2.2 | ) |  | — |  |  | (2.2 | )
Exercise of stock options | 0.4 |  |  | — |  |  | — |  |  | — |  |  | 0.4 |
Tax withholding required on equity awards | (13.8 | ) |  | — |  |  | — |  |  | — |  |  | (13.8 | )
NET CASH FLOWS PROVIDED BY (USED IN) FINANCING ACTIVITIES | 37.4 |  |  | — |  |  | (161.6 | ) |  | — |  |  | (124.2 | )
NET CHANGE IN CASH AND CASH EQUIVALENTS | 0.4 |  |  | 0.4 |  |  | 11.0 |  |  | — |  |  | 11.8 |
FOREIGN EXCHANGE EFFECTS ON CASH | — |  |  | — |  |  | 0.4 |  |  | — |  |  | 0.4 |
CASH AND CASH EQUIVALENTS — BEGINNING OF PERIOD | 0.7 |  |  | 28.1 |  |  | 28.9 |  |  | — |  |  | 57.7 |
CASH AND CASH EQUIVALENTS — END OF PERIOD | $ | 1.1 |  |  | $ | 28.5 |  |  | $ | 40.3 |  |  | $ | — |  |  | $ | 69.9 |

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