|
Condensed Consolidated Statements of Cash Flows(USD ($))
In Millions, unless otherwise specified |
3 Months Ended | |
|---|---|---|
|
Mar. 31, 2015
|
Mar. 31, 2014
|
|
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net income | $ 78.2us-gaap_NetIncomeLoss | $ 74.6us-gaap_NetIncomeLoss |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 22.9us-gaap_DepreciationAndAmortization | 21.3us-gaap_DepreciationAndAmortization |
| Excess tax benefits from share-based payment arrangements | (2.5)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities | (3.2)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities |
| Share-based compensation expenses | 11.1us-gaap_ShareBasedCompensation | 11.0us-gaap_ShareBasedCompensation |
| Non-cash interest expense | 12.2us-gaap_AmortizationOfFinancingCostsAndDiscounts | 7.2us-gaap_AmortizationOfFinancingCostsAndDiscounts |
| Deferred income taxes | 1.3us-gaap_DeferredIncomeTaxExpenseBenefit | (2.3)us-gaap_DeferredIncomeTaxExpenseBenefit |
| Inventory write-downs | 4.9us-gaap_InventoryWriteDown | 11.0us-gaap_InventoryWriteDown |
| Unrealized foreign exchange transaction (gain) loss | (18.3)us-gaap_ForeignCurrencyTransactionGainLossUnrealized | 3.4us-gaap_ForeignCurrencyTransactionGainLossUnrealized |
| Foreign exchange loss from Venezuela currency devaluation | 32.6hlf_ForeignExchangeLossFromForeignCountryCurrencyDevaluation | 86.1hlf_ForeignExchangeLossFromForeignCountryCurrencyDevaluation |
| Impairments and write-downs relating to Venezuela currency devaluation | 3.7us-gaap_AssetImpairmentCharges | 3.2us-gaap_AssetImpairmentCharges |
| Other | 4.6us-gaap_OtherNoncashIncomeExpense | 1.3us-gaap_OtherNoncashIncomeExpense |
| Changes in operating assets and liabilities: | ||
| Receivables | (14.4)us-gaap_IncreaseDecreaseInReceivables | (18.0)us-gaap_IncreaseDecreaseInReceivables |
| Inventories | 15.0us-gaap_IncreaseDecreaseInInventories | 14.2us-gaap_IncreaseDecreaseInInventories |
| Prepaid expenses and other current assets | 10.8us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets | (23.8)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets |
| Other assets | (6.2)us-gaap_IncreaseDecreaseInOtherOperatingAssets | (5.2)us-gaap_IncreaseDecreaseInOtherOperatingAssets |
| Accounts payable | (1.1)us-gaap_IncreaseDecreaseInAccountsPayable | 6.2us-gaap_IncreaseDecreaseInAccountsPayable |
| Royalty overrides | (23.0)hlf_RoyaltyOverridesIncreaseDecrease | (3.7)hlf_RoyaltyOverridesIncreaseDecrease |
| Accrued expenses and accrued compensation | 22.5hlf_IncreaseDecreaseInAccruedExpensesAndAccruedCompensation | (12.5)hlf_IncreaseDecreaseInAccruedExpensesAndAccruedCompensation |
| Advance sales deposits | 16.3us-gaap_IncreaseDecreaseInCustomerAdvances | 17.4us-gaap_IncreaseDecreaseInCustomerAdvances |
| Income taxes | (10.6)us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable | (0.9)us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable |
| Deferred compensation plan liability | 1.1us-gaap_IncreaseDecreaseInDeferredCompensation | 3.3us-gaap_IncreaseDecreaseInDeferredCompensation |
| NET CASH PROVIDED BY OPERATING ACTIVITIES | 161.1us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations | 190.6us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Purchases of property, plant and equipment | (22.8)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment | (58.5)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment |
| Investments in Venezuelan bonds | (3.2)us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt | |
| Other | 6.1us-gaap_PaymentsForProceedsFromOtherInvestingActivities | |
| NET CASH USED IN INVESTING ACTIVITIES | (16.7)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations | (61.7)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Dividends paid | 0us-gaap_PaymentsOfDividendsCommonStock | (30.4)us-gaap_PaymentsOfDividendsCommonStock |
| Dividends received | 0hlf_ProceedsFromDividendsReceivedRelatedToForwardTransactions | 3.4hlf_ProceedsFromDividendsReceivedRelatedToForwardTransactions |
| Payments for Capped Call Transactions | (123.8)us-gaap_PaymentsForDerivativeInstrumentFinancingActivities | |
| Proceeds from senior convertible notes | 1,150.0us-gaap_ProceedsFromConvertibleDebt | |
| Principal payments on senior secured credit facility and other debt | (25.0)us-gaap_RepaymentsOfSeniorDebt | (18.8)us-gaap_RepaymentsOfSeniorDebt |
| Issuance costs relating to long-term debt and senior convertible notes | (28.9)us-gaap_PaymentsOfFinancingCosts | |
| Share repurchases | (9.0)us-gaap_PaymentsForRepurchaseOfCommonStock | (694.5)us-gaap_PaymentsForRepurchaseOfCommonStock |
| Excess tax benefits from share-based payment arrangements | 2.5us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities | 3.2us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities |
| Proceeds from exercise of stock options and sale of stock under employee stock purchase plan | 0.4us-gaap_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions | 0.1us-gaap_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions |
| NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES | (31.1)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations | 260.3us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations |
| EFFECT OF EXCHANGE RATE CHANGES ON CASH | (43.2)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents | (100.3)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents |
| NET CHANGE IN CASH AND CASH EQUIVALENTS | 70.1us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | 288.9us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease |
| CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD | 645.4us-gaap_CashAndCashEquivalentsAtCarryingValue | 973.0us-gaap_CashAndCashEquivalentsAtCarryingValue |
| CASH AND CASH EQUIVALENTS, END OF PERIOD | $ 715.5us-gaap_CashAndCashEquivalentsAtCarryingValue | $ 1,261.9us-gaap_CashAndCashEquivalentsAtCarryingValue |
| X | ||||||||||
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- Definition
Foreign exchange loss relating to Venezuela. No definition available.
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in the aggregate amount of accrued expenses and accrued compensation. No definition available.
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- Definition
Dividends received primarily related to the Forward Transactions. No definition available.
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- Definition
The net change during the reporting period in the amount of obligations payable for a form of compensation to Members, called royalty overrides or production bonuses, based on retail volume. Used to reflect net change in the current portion of the liabilities (due within one year or within the normal operating cycle if longer). No definition available.
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- Details
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- Definition
Amount of noncash expense included in interest expense to allocate debt discount and premium, and the costs to issue debt and obtain financing over the related debt instruments. Alternate captions include noncash interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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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://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes 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. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes 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. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of increase (decrease) from the effect of exchange rate changes on cash and cash equivalent balances held in foreign currencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of cash inflow from realized tax benefit related to deductible compensation cost reported on the entity's tax return for equity instruments in excess of the compensation cost for those instruments recognized for financial reporting purposes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of cash outflow for realized tax benefit related to deductible compensation cost reported on the entity's tax return for equity instruments in excess of the compensation cost for those instruments recognized for financial reporting purposes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount before tax of foreign currency transaction unrealized gain (loss) recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in the aggregate amount of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the period in the amount due for taxes based on the reporting entity's earnings or attributable to the entity's income earning process (business presence) within a given jurisdiction. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in the amount of prepayments by customers for goods or services to be provided at a later date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in the obligation created by employee agreements whereby earned compensation will be paid in the future. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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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://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The increase (decrease) during the reporting period in other assets used in operating activities not separately disclosed in the statement of cash flows. May include changes in other current assets, other noncurrent assets, or a combination of other current and noncurrent assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in the value of prepaid expenses and other assets not separately disclosed in the statement of cash flows, for example, deferred expenses, intangible assets, or income taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in the total amount due within one year (or one operating cycle) from all parties, associated with underlying transactions that are classified as operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Charge to cost of goods sold that represents the reduction of the carrying amount of inventory, generally attributable to obsolescence or market conditions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of cash inflow (outflow) of financing activities, excluding 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/presentationRef
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- Details
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- Definition
Amount of cash inflow (outflow) of investing activities, excluding 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/presentationRef
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- Details
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- Definition
Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Other income (expense) included in net income that results in no cash inflows or outflows in the period. Includes noncash adjustments to reconcile net income (loss) to cash provided by (used in) operating activities that are not separately disclosed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow for derivative instruments during the period, which are classified as financing activities, excluding those designated as hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The net cash outflow or inflow from other investing activities. This element is used when there is not a more specific and appropriate element in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow to reacquire common stock during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash outflow in the form of ordinary dividends to common shareholders of the parent entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow for loan and debt issuance costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow to acquire debt securities classified as available-for-sale securities, because they are not classified as either held-to-maturity securities or trading securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash inflow from the issuance of a long-term debt instrument which can be exchanged for a specified amount of another security, typically the entity's common stock, at the option of the issuer or the holder. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The total cash inflow associated with the amount received from holders to acquire the entity's shares under incentive and share awards, including stock option exercises. This item inherently excludes any excess tax benefit, which the entity may have realized and reported separately. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow for a long-term debt where the holder has highest claim on the entity's asset in case of bankruptcy or liquidation during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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