Combined Statements of Cash Flow - USD ($) |
3 Months Ended | 12 Months Ended | |||
|---|---|---|---|---|---|
Mar. 31, 2020 |
Mar. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2018 |
Dec. 31, 2017 |
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| Changes in operating assets and liabilities: | |||||
| Prepaid expenses and other current assets | $ (56,954) | $ (65,714) | |||
| Net cash used in operating activities | (422,635) | (15,517) | (396,814) | ||
| Investing activities | |||||
| Net cash used in investing activities | (300,038,000) | ||||
| Cash Flows from Financing Activities: | |||||
| Net cash provided by financing activities | 0 | 48,526 | 301,440,645 | ||
| Net Change in Cash | (422,635) | 33,009 | |||
| Mafco Worldwide & Merisant | |||||
| Cash Flows from Operating Activities: | |||||
| Net (loss) income | (28,500,000) | 9,200,000 | 30,900,000 | $ 20,900,000 | $ 25,100,000 |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: | |||||
| Depreciation | 700,000 | 800,000 | 3,000,000 | 3,600,000 | 3,400,000 |
| Amortization expense related to intangible assets | 2,500,000 | 2,700,000 | 10,700,000 | 11,100,000 | 11,100,000 |
| Deferred income taxes | (600,000) | 400,000 | (10,500,000) | (6,000,000) | (14,800,000) |
| Asset impairment charges | 40,600,000 | ||||
| Changes in operating assets and liabilities: | |||||
| Accounts receivable | 300,000 | (6,600,000) | 1,500,000 | 2,500,000 | (7,000,000) |
| Inventories | 4,000,000 | 1,700,000 | 2,000,000 | (700,000) | 4,800,000 |
| Pension | 200,000 | (1,600,000) | 1,600,000 | 1,700,000 | |
| Prepaid expenses and other current assets | (1,000,000) | 200,000 | (3,100,000) | 300,000 | 2,500,000 |
| Accounts payable, accrued liabilities and income taxes | (4,500,000) | 3,000,000 | (3,000,000) | 200,000 | 9,300,000 |
| Other, net | 1,100,000 | (1,100,000) | 2,000,000 | 3,000,000 | |
| Net cash used in operating activities | 14,600,000 | 10,500,000 | 32,000,000 | 34,000,000 | 39,300,000 |
| Investing activities | |||||
| Capital expenditures | (900,000) | (400,000) | (4,100,000) | (4,100,000) | (3,100,000) |
| Net cash used in investing activities | (900,000) | (400,000) | (4,100,000) | (2,200,000) | (700,000) |
| Cash Flows from Financing Activities: | |||||
| Borrowings under revolver | 3,500,000 | 1,500,000 | 7,500,000 | ||
| Repayments of revolver | (5,000,000) | (600,000) | |||
| Funding to Parent, net | (12,400,000) | (12,200,000) | (25,700,000) | (35,700,000) | (41,100,000) |
| Net cash provided by financing activities | (13,900,000) | (12,200,000) | (24,200,000) | (28,800,000) | (41,100,000) |
| Effect of exchange rate changes on cash and cash equivalents | 300,000 | 100,000 | |||
| Net Change in Cash | 100,000 | (2,000,000) | 3,200,000 | 3,000,000 | (2,600,000) |
| Cash and cash equivalents, beginning of period | 10,400,000 | 7,200,000 | 7,200,000 | 4,200,000 | 6,800,000 |
| Cash and cash equivalents, end of period | 10,500,000 | 5,200,000 | 10,400,000 | 7,200,000 | 4,200,000 |
| Supplemental disclosure of cash paid | |||||
| Taxes paid, net of refunds | $ 1,100,000 | $ 1,300,000 | $ 4,500,000 | $ 5,100,000 | $ 4,800,000 |
| X | ||||||||||
- Definition The increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received, the amount of obligations and expenses incurred but not paid and amounts payable to taxing authorities for taxes that are based on the reporting entity's earnings. No definition available.
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- Definition The cash outflow for payments for funding to parent, net. No definition available.
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- References No definition available.
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- Definition The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of write-down of assets recognized in the income statement. Includes, but is not limited to, losses from tangible assets, intangible assets and goodwill. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of cash and cash equivalents, and cash and cash equivalents restricted to withdrawal or usage. Excludes amount for disposal group and discontinued operations. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of increase (decrease) in cash, cash equivalents, and cash and cash equivalents restricted to withdrawal or usage; including effect from exchange rate change. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of increase (decrease) from effect of exchange rate changes on cash and cash equivalents, and cash and cash equivalents restricted to withdrawal or usage; held in foreign currencies; including, but not limited to, disposal group and discontinued operations. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income, net of any cash received during the current period as refunds for the overpayment of taxes. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The increase (decrease) during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of increase (decrease) in operating assets after deduction of operating liabilities classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of increase (decrease) in obligation for pension benefits. Includes, but is not limited to, defined benefit or defined contribution plans. Excludes other postretirement benefits. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of increase (decrease) in prepaid expenses, and assets classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The cash outflow for purchases of and capital improvements on property, plant and equipment (capital expenditures), software, and other intangible assets. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of cash inflow from contractual arrangement with the lender, including but not limited to, letter of credit, standby letter of credit and revolving credit arrangements. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of cash outflow for payment of an obligation from a lender, including but not limited to, letter of credit, standby letter of credit and revolving credit arrangements. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Details
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