BWAY INTERMEDIATE COMPANY, INC.

CIK:0001500341|SEC Filings

General - Schedule of Adjustments to the Consolidated Statements of Operations (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Depreciation and amortization	$ 35.4	$ 35.8	$ 70.0	$ 70.3
Provision for (benefit from) income taxes	4.6	1.8	5.7	(1.7)
Net income (loss)	7.3	0.5	9.2	(4.3)
Comprehensive (loss) income	10.5	(1.9)	9.2	(9.2)
As Originally Reported
Depreciation and amortization		36.0		69.8
Provision for (benefit from) income taxes		1.8		(1.5)
Net income (loss)				(4.0)
Comprehensive (loss) income				(6.1)
As Revised
Depreciation and amortization		35.8		70.3
Provision for (benefit from) income taxes		1.8		(1.7)
Net income (loss)				(4.3)
Comprehensive (loss) income				(9.2)
Change
Depreciation and amortization		(0.2)		0.5
Provision for (benefit from) income taxes		0		(0.2)
Net income (loss)				(0.3)
Comprehensive (loss) income				$ (3.1)

Supplemental Cash Flow Disclosures

6 Months Ended

Jun. 30, 2014



	Six Months Ended June 30,
($ in millions)	2014		2013
Non-cash investing and financing activities
Acquisitions accounted for under the acquisition method:
Fair value of assets acquired	$	—	$	340.2
Liabilities assumed	—		(72.2		)
Net assets acquired	$	—	$	268.0

Change in amounts owed for capital expenditures	$	1.6	$	1.4
Assets acquired through capital leases	$	—	$	0.2
Non-cash contribution by BWAY Parent (1)	$	6.5	$	7.8


(1)	See “Related Party Transactions” under Note 1, “General.”

Unaudited Condensed Consolidated Balance Sheets (USD $) In Millions, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
Current assets
Cash and cash equivalents	$ 2.2	$ 40.3
Accounts receivable, net of allowance for doubtful accounts of $0.6 at June 30, 2014 and December 31, 2013	204.4	141.5
Inventories	154.9	167.8
Deferred tax assets	29.7	29.7
Other current assets	26.2	22.5
Total current assets	417.4	401.8
Property, plant and equipment, net	357.0	349.6
Goodwill	569.5	577.8
Other intangible assets, net	624.6	660.0
Deferred debt issuance costs	19.9	22.9
Other assets	5.8	5.2
Total assets	1,994.2	2,017.3
Current liabilities
Accounts payable	129.0	131.7
Other current liabilities	49.6	54.9
Current portion of long-term debt	7.3	7.3
Total current liabilities	185.9	193.9
Long-term debt	933.8	938.2
Deferred tax liabilities	291.9	299.8
Other liabilities	36.6	39.2
Total liabilities	1,448.2	1,471.1
Commitments and contingencies (Note 13)
Shareholder’s equity
Common stock, $0.01 par value, authorized 1,000 shares; issued and outstanding 1,000 shares at June 30, 2014 and December 31, 2013	0	0
Additional paid-in capital	545.9	555.3
Retained earnings (accumulated deficit)	2.0	(7.2)
Accumulated other comprehensive loss	(1.9)	(1.9)
Total shareholder’s equity	546.0	546.2
Total liabilities and shareholder’s equity	$ 1,994.2	$ 2,017.3