|
Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
|
12 Months Ended |
|
Sep. 30, 2012
|
Sep. 30, 2011
|
Sep. 30, 2010
|
| Cash Flows from Operating Activities: |
|
|
|
| Net (loss) earnings |
$ 49.9 |
$ (424.3) |
$ 92.0 |
| Adjustments to reconcile of net (loss) earnings to net cash provided by operating activities: |
|
|
|
| Depreciation and amortization |
63.2 |
58.7 |
55.4 |
| Impairment of goodwill and other intangible assets |
0 |
566.5 |
19.4 |
| Stock-based compensation expense |
4.5 |
1.7 |
1.9 |
| Deferred income taxes |
(2.6) |
(69.0) |
(11.1) |
| Other, net |
4.1 |
1.6 |
7.2 |
| Other changes in current assets and liabilities, net |
|
|
|
| Decrease (increase) in receivables |
(45.9) |
55.6 |
14.8 |
| Increase in receivable from Ralcorp |
41.3 |
(41.3) |
0 |
| Change in due to/from Kraft Foods Inc. |
0 |
0 |
(13.6) |
| Decrease (increase) in inventories |
(11.7) |
3.7 |
14.4 |
| (Increase) decrease in prepaid expenses and other current assets |
(8.7) |
(1.8) |
(1.7) |
| (Decrease) increase in accounts payable and other current liabilities |
49.9 |
(7.6) |
(43.1) |
| Net cash provided by operating activities |
144.0 |
143.8 |
135.6 |
| Cash Flows from Investing Activities: |
|
|
|
| Additions to property and intangible assets |
(30.9) |
(14.9) |
(24.3) |
| Net cash used by investing activities |
(30.9) |
(14.9) |
(24.3) |
| Cash Flows from Financing Activities: |
|
|
|
| Proceeds from issuance of Senior Notes |
775.0 |
0 |
0 |
| Proceeds from issuance of term loan |
175.0 |
0 |
0 |
| Payment to Ralcorp |
(900.0) |
0 |
0 |
| Repayments of long-term debt |
(4.4) |
0 |
0 |
| Purchases of treasury stock |
(53.4) |
0 |
0 |
| Change in net investment of Ralcorp |
(39.4) |
(192.3) |
(112.4) |
| Payments of debt issuance costs |
(17.7) |
0 |
0 |
| Changes in intercompany debt |
(7.8) |
(60.2) |
0 |
| Net cash used by financing activities |
(57.1) |
(132.1) |
(112.4) |
| Effect of exchange rate changes on cash |
0.5 |
0.1 |
0.2 |
| Net (decrease) increase in cash and cash equivalents |
56.5 |
(3.1) |
(0.9) |
| Cash and cash equivalents, beginning of year |
1.7 |
4.8 |
5.7 |
| Cash and cash equivalents, end of year |
$ 58.2 |
$ 1.7 |
$ 4.8 |