General form of registration statement for all companies including face-amount certificate companies

Combined Statements of Cash Flows

v3.20.2
Combined Statements of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2017
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets $ (65,714)  
Net cash used in operating activities (396,814)  
Investing activities    
Net cash used in investing activities (300,038,000)  
Financing activities    
Net cash provided by financing activities 301,440,645  
Mafco Worldwide & Merisant    
Operating activities    
Net income 30,900,000 $ 25,100,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 3,000,000 3,400,000
Amortization expense related to intangible assets 10,700,000 11,100,000
Deferred income taxes (10,500,000) (14,800,000)
Loss on sale of fixed assets 100,000 200,000
Changes in operating assets and liabilities:    
Accounts receivable 1,500,000 (7,000,000)
Inventories 2,000,000 4,800,000
Pension (1,600,000) 1,700,000
Prepaid expenses and other current assets (3,100,000) 2,500,000
Accounts payable, accrued liabilities and income taxes (3,000,000) 9,300,000
Other, net 2,000,000 3,000,000
Net cash used in operating activities 32,000,000 39,300,000
Investing activities    
Capital expenditures (4,100,000) (3,100,000)
Proceeds from sale of fixed assets   2,400,000
Net cash used in investing activities (4,100,000) (700,000)
Financing activities    
Borrowings under revolver 1,500,000  
Funding to Parent, net (25,700,000) (41,100,000)
Net cash provided by financing activities (24,200,000) (41,100,000)
Effect of exchange rate changes on cash and cash equivalents (500,000) (100,000)
Net Change in Cash 3,200,000 (2,600,000)
Cash and cash equivalents, beginning of period 7,200,000 6,800,000
Cash and cash equivalents, end of period 10,400,000 4,200,000
Supplemental disclosure of cash paid    
Income Taxes Paid, Net $ 4,500,000 $ 4,800,000