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, 2015 Parent Guarantor Subsidiaries Non-guarantor Subsidiaries Eliminations Consolidated OPERATING ACTIVITIES Net cash provided by operating activities . . . . . . . . . . . . . . . . . . . $— $106.7 $ 14.2 $— $120.9 INVESTING ACTIVITIES Capital expenditures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — (25.9) (1.2) — (27.1) Purchases of investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — (10.0) — — (10.0) Net cash used in investing activities . . . . . . . . . . . . . . . . . . . . . . . — (35.9) (1.2) — (37.1) FINANCING ACTIVITIES Net change in short-term debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — (24.0) — (24.0) Payments on note payable with an RRD affiliate . . . . . . . . . . . . . — (14.6) (0.2) — (14.8) Net transfers to Parent and affiliates . . . . . . . . . . . . . . . . . . . . . . . — (56.2) 0.2 — (56.0) Net cash used in financing activities . . . . . . . . . . . . . . . . . . . . . . . — (70.8) (24.0) — (94.8) Effect of exchange rate on cash and cash equivalents . . . . . . . . . — — (2.5) — (2.5) Net decrease in cash and cash equivalents . . . . . . . . . . . . . . . . . . — — (13.5) — (13.5) Cash and cash equivalents at beginning of year . . . . . . . . . . . . . . — 0.1 28.5 — 28.6 Cash and cash equivalents at end of period . . . . . . . . . . . . . . . . . . $— $ 0.1 $ 15.0 $— $ 15.1 F-47