|
| | | | | | | | | | | | |
| | Fiscal |
| | 2016 | | 2015 | | 2014 |
Cash flows from operating activities: | | | | | | |
Net (loss) income | | (463.1 | ) | | (53.9 | ) | | 172.5 |
|
Adjustments to reconcile net income to net cash used in operating activities | | | | | | |
Equity in net income of subsidiaries | | (118.7 | ) | | 52.4 |
| | (173.2 | ) |
Dividends received | | 12.6 |
| | 14.6 |
| | 65.4 |
|
Write-down of assets of business held for sale to fair value less cost to sell | | 362.8 |
| | — |
| | — |
|
Change in deferred tax assets | | 226.7 |
| | (0.9 | ) | | 1.0 |
|
(Increase) decrease in accounts receivables | | (2.0 | ) | | 2.2 |
| | (0.7 | ) |
Increase in accounts payable and accrued expenses | | — |
| | — |
| | 0.1 |
|
Net change in cash due to operating activities | | 18.3 |
| | 14.4 |
| | 65.1 |
|
Cash flows from investing activities: | | | | | | |
Capital contributions to subsidiaries | | — |
| | (36.0 | ) | | (5.2 | ) |
Net change in cash due to investing activities | | — |
| | (36.0 | ) | | (5.2 | ) |
Cash flows from financing activities: | | | | | | |
Cash contributions from parent | | — |
| | 36.0 |
| | 5.2 |
|
Dividends payments | | (12.6 | ) | | (14.6 | ) | | (65.4 | ) |
Net change in cash due to financing activities | | (12.6 | ) | | 21.4 |
| | (60.2 | ) |
Net increase in cash and cash equivalents | | 5.7 |
| | (0.2 | ) | | (0.3 | ) |
Cash and cash equivalents at beginning of year | | 2.0 |
| | 2.2 |
| | 2.5 |
|
Cash and cash equivalents at end of year | | $ | 7.7 |
| | $ | 2.0 |
| | $ | 2.2 |
|
