Financials

As Reported Financials

Source Document Currency Code (in millions) 2014 Y 12/31/2016 USD 2015 Y 12/31/2017 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2017 USD 2018 Q1 YTD 3/31/2018 USD
Source Document Currency Code 2014 Y 12/31/2016 USD 2015 Y 12/31/2017 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2017 USD 2018 Q1 YTD 3/31/2018 USD

Cash Flows from Operating Activities

Net loss (384.9) (1,145.6) (107.4) 20.0 (21.1)
Loss from discontinued operations, net of tax 40.4 349.1 14.0 0 NA
Income (loss) from continuing operations, net of tax (344.5) (796.5) (93.4) 20.0 NA

Adjustments to reconcile net loss to net cash used by operating activities

Depreciation 121.7 94.0 83.3 84.3 20.8
Amortization 47.7 32.1 30.6 29.7 7.1
Provision for doubtful accounts 171.1 144.1 190.5 221.9 43.1
Provision for obsolescence 78.4 45.4 36.5 36.7 9.7
Share-based compensation 38.9 51.2 24.0 24.2 3.8
Foreign exchange losses (gains) 41.4 44.3 6.1 18.1 4.6
Deferred income taxes 236.4 644.6 (8.5) (30.2) 1.8
Charge for Venezuelan monetary assets and liabilities 53.7 (4.2) 0 0 NA
Charge for Venezuelan non-monetary assets 115.7 101.7 0 0 NA
Loss on deconsolidation of Venezuela 0 0 120.5 0 NA
Pre-tax gain on sale of business 0 (44.9) 0 0 NA
Impairment of goodwill 0 6.9 0 0 NA
Other 10.8 11.6 (3.3) 39.6 3.2

Changes in assets and liabilities

Accounts receivable (179.0) (184.7) (216.6) (214.6) (4.4)
Inventories (170.5) (106.6) (28.6) (19.2) (58.4)
Prepaid expenses and other (77.0) 8.7 16.8 14.8 0.1
Accounts payable and accrued liabilities 142.6 80.4 (17.6) 12.3 (106.3)
Income and other taxes 57.5 50.7 (4.7) 4.1 (0.9)
Noncurrent assets and liabilities (56.0) (87.4) (7.6) 29.5 0.6
Net cash used by operating activities of continuing operations 288.9 91.4 128.0 271.2 (96.3)

Cash Flows from Investing Activities

Capital expenditures (126.3) (92.4) (93.0) (97.3) (27.8)
Disposal of assets 15.7 8.2 13.3 5.9 0.8
Distribution from New Avon LLC NA 0 0 22.0 NA
Net proceeds from sale of business 0 208.3 0 0 NA
Purchases of investments (26.8) (35.3) 0 0 NA
Net proceeds from sale of investments 36.9 53.7 0 0 NA
Reduction of cash due to Venezuela deconsolidation 0 0 (4.5) 0 NA
Other investing activities 0 0 1.5 (0.2) NA
Net cash used by investing activities of continuing operations (100.5) 142.5 (82.7) (69.6) (27.0)

Cash Flows from Financing Activities

Cash dividends (110.2) (108.8) 0 0 NA
Debt, net (maturities of three months or less) (22.4) (59.1) (36.4) 10.3 3.6
Proceeds from debt 0 7.6 508.7 0 NA
Repayment of debt (66.5) (261.2) (733.0) (2.9) (0.5)
Net proceeds from exercise of stock options 0.2 NA NA NA NA
Repurchase of common stock (9.8) (3.1) (5.6) (7.2) (2.7)
Net proceeds from the sale of series C convertible preferred stock 0 0 426.3 0 NA
Other financing activities 0 (5.9) (23.0) (0.2) NA
Net cash provided (used) by financing activities of continuing operations (208.7) (430.5) 137.0 0 0.4

Cash Flows from Discontinued Operations

Net cash used by operating activities of discontinued operations 70.9 20.7 (67.6) (8.6) 0
Net cash used by investing activities of discontinued operations (4.6) (4.2) (94.6) 0 NA
Net cash used by financing activities of discontinued operations (10.1) (15.0) 0 0 NA
Net cash used by discontinued operations 56.2 1.5 (162.2) (8.6) 0
Effect of exchange rate changes on cash and cash equivalents NA (80.7) (50.4) 34.1 13.9
Net decrease in cash and cash equivalents NA (275.8) (30.3) 227.1 (109.0)
Cash and cash equivalents at beginning of year NA 960.5 684.7 654.4 881.5
Cash and cash equivalents at end of period NA 684.7 654.4 881.5 772.5

Cash paid for

Interest NA 128.6 142.8 141.7 NA
Income taxes, net of refunds received NA 162.5 143.3 132.2 NA
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.