DFIN 2017 Annual Report

Notes to the Consolidated and Combined Financial Statements (in millions, except per share data, unless otherwise indicated) Condensed Consolidating Statements of Cash Flows Year Ended December 31, 2017 Parent Guarantor Subsidiaries Non-guarantor Subsidiaries Eliminations Consolidated OPERATING ACTIVITIES Net cash provided by operating activities . . . . . . . . . . . . . . . . . $ 39.3 $ 35.7 $ 14.0 $ 2.4 $ 91.4 INVESTING ACTIVITIES Capital expenditures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — (26.4) (1.4) — (27.8) Purchase of investment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — (3.4) — — (3.4) Intercompany note receivable, net . . . . . . . . . . . . . . . . . . . . . . . — — (14.7) 14.7 — Other investing activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 0.2 — — 0.2 Net cash used in investing activities . . . . . . . . . . . . . . . . . . . . . — (29.6) (16.1) 14.7 (31.0) FINANCING ACTIVITIES Revolving facility borrowings . . . . . . . . . . . . . . . . . . . . . . . . . . 298.5 — — — 298.5 Payments on revolving facility borrowings . . . . . . . . . . . . . . . . (298.5) — — — (298.5) Payments on long term debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . (133.0) — — — (133.0) Debt issuance costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (2.1) — — — (2.1) Separation-related payment from R.R. Donnelley . . . . . . . . . . . 68.0 — — — 68.0 Proceeds from the issuance of common stock . . . . . . . . . . . . . . 18.8 — — — 18.8 Proceeds from issuance of long-term debt . . . . . . . . . . . . . . . . . 3.1 — — — 3.1 Treasury stock repurchases . . . . . . . . . . . . . . . . . . . . . . . . . . . . (0.9) — — — (0.9) Intercompany note payable, net . . . . . . . . . . . . . . . . . . . . . . . . . 14.7 — — (14.7) — Other financing activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.4 — — — 0.4 Net cash used in financing activities . . . . . . . . . . . . . . . . . . . . . (31.0) — — (14.7) (45.7) Effect of exchange rate on cash and cash equivalents . . . . . . . . — — 1.1 — 1.1 Net increase (decrease) in cash and cash equivalents . . . . . . . . 8.3 6.1 (1.0) 2.4 15.8 Cash and cash equivalents at beginning of year . . . . . . . . . . . . . — 21.8 16.8 (2.4) 36.2 Cash and cash equivalents at end of period . . . . . . . . . . . . . . . . $ 8.3 $ 27.9 $ 15.8 $ — $ 52.0 F-45