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Cash Flow Statement

 2018 Q1 YTD2017 Y2016 Y2015 Y2014 Y
Source Document3/31/201812/31/201712/31/201712/31/201712/31/2016
Currency Code (in millions)USDUSDUSDUSDUSD
      
Cash Flows from Operating Activities 
Net loss (21.1)20.0(107.4)(1,145.6)(384.9)
Loss from discontinued operations, net of tax NA014.0349.140.4
Income (loss) from continuing operations, net of tax NA20.0(93.4)(796.5)(344.5)
Adjustments to reconcile net loss to net cash used by operating activities 
Depreciation 20.884.383.394.0121.7
Amortization 7.129.730.632.147.7
Provision for doubtful accounts 43.1221.9190.5144.1171.1
Provision for obsolescence 9.736.736.545.478.4
Share-based compensation 3.824.224.051.238.9
Foreign exchange losses (gains) 4.618.16.144.341.4
Deferred income taxes 1.8(30.2)(8.5)644.6236.4
Charge for Venezuelan monetary assets and liabilities NA00(4.2)53.7
Charge for Venezuelan non-monetary assets NA00101.7115.7
Loss on deconsolidation of Venezuela NA0120.500
Pre-tax gain on sale of business NA00(44.9)0
Impairment of goodwill NA006.90
Other 3.239.6(3.3)11.610.8
Changes in assets and liabilities 
Accounts receivable (4.4)(214.6)(216.6)(184.7)(179.0)
Inventories (58.4)(19.2)(28.6)(106.6)(170.5)
Prepaid expenses and other 0.114.816.88.7(77.0)
Accounts payable and accrued liabilities (106.3)12.3(17.6)80.4142.6
Income and other taxes (0.9)4.1(4.7)50.757.5
Noncurrent assets and liabilities 0.629.5(7.6)(87.4)(56.0)
Net cash used by operating activities of continuing operations (96.3)271.2128.091.4288.9
Cash Flows from Investing Activities 
Capital expenditures (27.8)(97.3)(93.0)(92.4)(126.3)
Disposal of assets 0.85.913.38.215.7
Distribution from New Avon LLC NA22.000NA
Net proceeds from sale of business NA00208.30
Purchases of investments NA00(35.3)(26.8)
Net proceeds from sale of investments NA0053.736.9
Reduction of cash due to Venezuela deconsolidation NA0(4.5)00
Other investing activities NA(0.2)1.500
Net cash used by investing activities of continuing operations (27.0)(69.6)(82.7)142.5(100.5)
Cash Flows from Financing Activities 
Cash dividends NA00(108.8)(110.2)
Debt, net (maturities of three months or less) 3.610.3(36.4)(59.1)(22.4)
Proceeds from debt NA0508.77.60
Repayment of debt (0.5)(2.9)(733.0)(261.2)(66.5)
Net proceeds from exercise of stock options NANANANA0.2
Repurchase of common stock (2.7)(7.2)(5.6)(3.1)(9.8)
Net proceeds from the sale of series C convertible preferred stock NA0426.300
Other financing activities NA(0.2)(23.0)(5.9)0
Net cash provided (used) by financing activities of continuing operations 0.40137.0(430.5)(208.7)
Cash Flows from Discontinued Operations 
Net cash used by operating activities of discontinued operations 0(8.6)(67.6)20.770.9
Net cash used by investing activities of discontinued operations NA0(94.6)(4.2)(4.6)
Net cash used by financing activities of discontinued operations NA00(15.0)(10.1)
Net cash used by discontinued operations 0(8.6)(162.2)1.556.2
Effect of exchange rate changes on cash and cash equivalents 13.934.1(50.4)(80.7)NA
Net decrease in cash and cash equivalents (109.0)227.1(30.3)(275.8)NA
Cash and cash equivalents at beginning of year 881.5654.4684.7960.5NA
Cash and cash equivalents at end of period 772.5881.5654.4684.7NA
Cash paid for 
Interest NA141.7142.8128.6NA
Income taxes, net of refunds received NA132.2143.3162.5NA


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