Separate Financial Information of Subsidiary Guarantors of Indebtedness:

Under the terms of the Company’s Senior Notes and the Revolver (collectively, the “Domestic Indebtedness”), Briggs & Stratton Power Products Group, LLC, a 100% owned subsidiary of the Company, is the joint and several guarantor of the Domestic Indebtedness (the “Guarantor”). The guarantees are full and unconditional guarantees. Additionally, if at any time a domestic subsidiary of the Company constitutes a significant domestic subsidiary, then such domestic subsidiary will also become a guarantor of the Domestic Indebtedness. Currently, all of the Domestic Indebtedness is unsecured. If the Company were to fail to make a payment of interest or principal on its due date, the Guarantor is obligated to pay the outstanding Domestic Indebtedness.

The Company had the following outstanding amounts related to the guaranteed debt (in thousands):



	June 30, 2013 Carrying Amount		Maximum Guarantee
6.875% Senior Notes	$	225,000	$	225,000
Multicurrency Credit Agreement	$	—	$	500,000

The following condensed supplemental consolidating financial information reflects the summarized financial information of Briggs & Stratton, its Guarantors and Non-Guarantor Subsidiaries (in thousands):



CONSOLIDATING BALANCE SHEET: As of June 30, 2013	Briggs & Stratton Corporation		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated
CURRENT ASSETS:
Cash and Cash Equivalents	$	162,628	$	1,275	$	24,542	$	—		$	188,445
Accounts Receivable, Net	80,017		80,531		30,252		—			190,800
Intercompany Accounts Receivable	11,987		5,971		46,366		(64,324		)	—
Inventories, Net	165,600		175,523		66,972		—			408,095
Deferred Tax Asset	32,543		13,923		1,068		—			47,534
Assets Held for Sale	—		—		—		—			—
Prepaid Expenses and Other	15,194		1,967		6,946		—			24,107
Total Current Assets	$	467,969	$	279,190	$	176,146	$	(64,324	)	$	858,981
OTHER ASSETS:
Goodwill	$	128,300	$	—	$	19,052	$	—		$	147,352
Investments	19,764		—		—		—			19,764
Investments in Subsidiaries	520,604		—		—		(520,604		)	—
Intercompany Note Receivable	45,747		81,844		14,486		(142,077		)	—
Debt Issuance Costs, Net	4,710		—		—		—			4,710
Other Intangible Assets, Net	—		62,612		25,368		—			87,980
Long-Term Deferred Tax Asset	48,694		—		83		(21,233		)	27,544
Other Long-Term Assets, Net	9,810		2,957		1,258		—			14,025
Total Other Assets	$	777,629	$	147,413	$	60,247	$	(683,914	)	$	301,375
PLANT AND EQUIPMENT, NET	224,002		45,475		17,718		—			287,195
TOTAL ASSETS	$	1,469,600	$	472,078	$	254,111	$	(748,238	)	$	1,447,551

CURRENT LIABILITIES:
Accounts Payable	91,965		37,112		14,112		—			143,189
Intercompany Accounts Payable	38,078		5,197		21,049		(64,324		)	—
Short-Term Debt	—		—		300		—			300
Accrued Liabilities	111,146		7,452		12,668		—			131,266
Total Current Liabilities	$	241,189	$	49,761	$	48,129	$	(64,324	)	$	274,755
OTHER LIABILITIES:
Accrued Pension Cost	149,614		472		45		—			150,131
Accrued Employee Benefits	23,458		—		—		—			23,458
Accrued Postretirement Health Care Obligation	57,298		15,397		—		—			72,695
Accrued Warranty	9,400		9,471		—		—			18,871
Intercompany Note Payable	85,095				56,982		(142,077		)	—
Deferred Tax Liabilities	—		21,233		—		(21,233		)	—
Other Long-Term Liabilities	10,608		3,070		1,025		—			14,703
Long-Term Debt	225,000				—		—			225,000
Total Other Liabilities	$	560,473	$	49,643	$	58,052	$	(163,310	)	$	504,858
TOTAL SHAREHOLDERS’ INVESTMENT:	667,938		372,674		147,930		(520,604		)	667,938
TOTAL LIABILITIES AND SHAREHOLDERS’ INVESTMENT	$	1,469,600	$	472,078	$	254,111	$	(748,238	)	$	1,447,551



CONSOLIDATING BALANCE SHEET: As of July 1, 2012	Briggs & Stratton Corporation		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated
CURRENT ASSETS:
Cash and Cash Equivalents	$	133,108	$	5,375	$	17,592	$	—		$	156,075
Accounts Receivable, Net	102,997		97,009		23,990		—			223,996
Intercompany Accounts Receivable	45,391		7,593		69,096		(122,080		)	—
Inventories, Net	149,863		224,642		59,179		—			433,684
Deferred Tax Asset	25,630		17,699		1,198		—			44,527
Assets Held for Sale	—		4,000		6,404		—			10,404
Prepaid Expenses and Other	28,660		11,412		2,742		—			42,814
Total Current Assets	$	485,649	$	367,730	$	180,201	$	(122,080	)	$	911,500
OTHER ASSETS:
Goodwill	$	128,300	$	64,544	$	11,920	$	—		$	204,764
Investments	22,163		—		—		—			22,163
Investments in Subsidiaries	556,958		—		—		(556,958		)	—
Intercompany Note Receivable	22,666		36,987		11,137		(70,790		)	—
Debt Issuance Costs, Net	5,717		—		—		—			5,717
Other Intangible Assets, Net	—		83,242		3,825		—			87,067
Long-Term Deferred Tax Asset	108,003		—		2		(41,054		)	66,951
Other Long-Term Assets, Net	4,813		2,733		1,274		—			8,820
Total Other Assets	$	848,620	$	187,506	$	28,158	$	(668,802	)	$	395,482
PLANT AND EQUIPMENT, NET	230,253		53,105		17,891		—			301,249
TOTAL ASSETS	$	1,564,522	$	608,341	$	226,250	$	(790,882	)	$	1,608,231

CURRENT LIABILITIES:
Accounts Payable	85,839		44,829		20,485		—			151,153
Intercompany Accounts Payable	56,674		26,661		38,761		(122,096		)	—
Short-Term Debt	—		—		3,000		—			3,000
Accrued Liabilities	108,079		28,706		14,971		—			151,756
Total Current Liabilities	$	250,592	$	100,196	$	77,217	$	(122,096	)	$	305,909
OTHER LIABILITIES:
Accrued Pension Cost	295,862		464		68		—			296,394
Accrued Employee Benefits	25,035		—		—		—			25,035
Accrued Postretirement Health Care Obligation	73,575		16,267		—		—			89,842
Accrued Warranty	9,900		6,515		—		—			16,415
Intercompany Note Payable	41,147		—		29,627		(70,774		)	—
Deferred Tax Liabilities	—		41,054		—		(41,054		)	—
Other Long-Term Liabilities	11,441		4,970		1,255		—			17,666
Long-Term Debt	225,000		—		—		—			225,000
Total Other Liabilities	$	681,960	$	69,270	$	30,950	$	(111,828	)	$	670,352
TOTAL SHAREHOLDERS’ INVESTMENT:	631,970		438,875		118,083		(556,958		)	631,970
TOTAL LIABILITIES AND SHAREHOLDERS’ INVESTMENT	$	1,564,522	$	608,341	$	226,250	$	(790,882	)	$	1,608,231



CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) For the Fiscal Year Ended June 30, 2013	Briggs & Stratton Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net Sales	$	1,126,562		$	695,137		$	277,516		$	(236,717	)	$	1,862,498
Cost of Goods Sold	916,859			626,266			208,189			(236,717		)	1,514,597
Restructuring Charges	9,614			8,618			529			—			18,761
Gross Profit	200,089			60,253			68,798			—			329,140
Engineering, Selling, General and Administrative Expenses	161,465			71,434			43,289			—			276,188
Restructuring Charges	3,435			—			—			—			3,435
Goodwill and Tradename Impairment	—			83,314			6,766			—			90,080
Equity in Loss from Subsidiaries	45,191			—			—			(45,191		)	—
Income (Loss) from Operations	(10,002		)	(94,495		)	18,743			45,191			(40,563		)
Interest Expense	(18,369		)	(3		)	(147		)	—			(18,519		)
Other Income, Net	6,225			286			430			—			6,941
Income (Loss) Before Provision for Income Taxes	(22,146		)	(94,212		)	19,026			45,191			(52,141		)
Provision (Credit) for Income Taxes	11,511			(30,902		)	907			—			(18,484		)
Net Income (Loss)	$	(33,657	)	$	(63,310	)	$	18,119		$	45,191		$	(33,657	)
Comprehensive Income (Loss)	$	64,119		$	(62,068	)	$	16,779		$	45,289		$	64,119
For the Fiscal Year Ended July 1, 2012
Net Sales	$	1,235,805		$	835,011		$	321,216		$	(325,499	)	$	2,066,533
Cost of Goods Sold	1,007,493			744,103			258,951			(325,499		)	1,685,048
Restructuring Charges	4,235			28,790			11,735			—			44,760
Gross Profit	224,077			62,118			50,530			—			336,725
Engineering, Selling, General and Administrative Expenses	167,133			80,915			42,333			—			290,381
Restructuring Charges	4,001			1,106			—			—			5,107
Equity in Loss from Subsidiaries	5,881			—			—			(5,881		)	—
Income (Loss) from Operations	47,062			(19,903		)	8,197			5,881			41,237
Interest Expense	(18,347		)	(33		)	(162		)	—			(18,542		)
Other Income, Net	4,830			207			2,141			—			7,178
Income (Loss) Before Provision for Income Taxes	33,545			(19,729		)	10,176			5,881			29,873
Provision (Credit) for Income Taxes	4,539			(8,897		)	5,225			—			867
Net Income (Loss)	$	29,006		$	(10,832	)	$	4,951		$	5,881		$	29,006
Comprehensive Income (Loss)	$	(50,200	)	$	(12,062	)	$	(2,529	)	$	14,591		$	(50,200	)
For the Fiscal Year Ended July 3, 2011
Net Sales	$	1,327,378		$	752,970		$	343,293		$	(313,643	)	$	2,109,998
Cost of Goods Sold	1,047,229			705,410			272,686			(313,643		)	1,711,682
Gross Profit	280,149			47,560			70,607			—			398,316
Engineering, Selling, General and Administrative Expenses	179,263			75,315			42,535			—			297,113
Restructuring Charges	559			2,978			—			—			3,537
Goodwill Impairment	—			49,450			—			—			49,450
Equity in Loss from Subsidiaries	28,636			—			—			(28,636		)	—
Income (Loss) from Operations	71,691			(80,183		)	28,072			28,636			48,216
Interest Expense	(23,084		)	(66		)	(168		)	—			(23,318		)
Other Income, Net	4,331			308			2,517			—			7,156
Income (Loss) Before Provision for Income Taxes	52,938			(79,941		)	30,421			28,636			32,054
Provision (Credit) for Income Taxes	28,583			(25,552		)	4,668			—			7,699
Net Income (Loss)	$	24,355		$	(54,389	)	$	25,753		$	28,636		$	24,355
Comprehensive Income (Loss)	$	99,566		$	(54,069	)	$	39,745		$	14,323		$	99,566



CONSOLIDATING STATEMENT OF CASH FLOWS: For the Fiscal Year Ended June 30, 2013	Briggs & Stratton Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Cash Provided by Operating Activities	$	69,746		$	40,812		$	50,255		$	—	$	160,813
CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to Plant and Equipment	(36,306		)	(6,120		)	(2,452		)	—		(44,878		)
Cash Paid for Acquisition, Net of Cash Acquired	—			—			(59,627		)	—		(59,627		)
Proceeds Received on Disposition of Plant and Equipment	70			6,068			6,354			—		12,492
Cash Investment in Subsidiary	(15,194		)	—			15,194			—		—
Net Cash Used in Investing Activities	(51,430		)	(52		)	(40,531		)	—		(92,013		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net Borrowings (Repayments) on Loans, Notes Payable and Long-Term Debt	44,860			(44,860		)	(2,700		)	—		(2,700		)
Cash Dividends Paid	(23,285		)	—			—			—		(23,285		)
Stock Option Exercise Proceeds and Tax Benefits	19,988			—			—			—		19,988
Treasury Stock Repurchases	(30,359		)	—			—			—		(30,359		)
Net Cash Provided by (Used in) Financing Activities	11,204			(44,860		)	(2,700		)	—		(36,356		)
EFFECT OF FOREIGN CURRENCY EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			(74		)	—		(74		)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	29,520			(4,100		)	6,950			—		32,370
Cash and Cash Equivalents, Beginning of Year	133,108			5,375			17,592			—		156,075
Cash and Cash Equivalents, End of Year	$	162,628		$	1,275		$	24,542		$	—	$	188,445



CONSOLIDATING STATEMENT OF CASH FLOWS: For the Fiscal Year Ended July 1, 2012	Briggs & Stratton Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Cash Provided by (Used in) Operating Activities	$	82,114		$	2,879		$	(19,032	)	$	—	$	65,961
CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to Plant and Equipment	(40,456		)	(6,588		)	(2,529		)	—		(49,573		)
Cash Paid for Acquisition, Net of Cash Acquired	—			—			(2,673		)	—		(2,673		)
Proceeds Received on Disposition of Plant and Equipment	141			1,278			38			—		1,457
Cash Investment in Subsidiary	2,141			—			(2,141		)	—		—
Net Cash Used in Investing Activities	(38,174		)	(5,310		)	(7,305		)	—		(50,789		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net Borrowings (Repayments) on Loans, Notes Payable and Long-Term Debt	(6,434		)	6,434			—			—		—
Debt Issuance Costs	(2,007		)	—			—			—		(2,007		)
Cash Dividends Paid	(22,011		)	—			—			—		(22,011		)
Stock Option Exercise Proceeds and Tax Benefits	235			—			—			—		235
Treasury Stock Repurchases	(39,287		)	—			—			—		(39,287		)
Net Cash Provided by (Used in) Financing Activities	(69,504		)	6,434			—			—		(63,070		)
EFFECT OF FOREIGN CURRENCY EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			(5,666		)	—		(5,666		)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(25,564		)	4,003			(32,003		)	—		(53,564		)
Cash and Cash Equivalents, Beginning of Year	158,672			1,372			49,595			—		209,639
Cash and Cash Equivalents, End of Year	$	133,108		$	5,375		$	17,592		$	—	$	156,075



CONSOLIDATING STATEMENT OF CASH FLOWS: For the Fiscal Year Ended July 3, 2011	Briggs & Stratton Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Cash Provided by (Used in)Operating Activities	$	126,397		$	(13,433	)	$	43,967		$	—	$	156,931
CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to Plant and Equipment	(47,627		)	(9,384		)	(2,908		)	—		(59,919		)
Proceeds Received on Disposition of Plant and Equipment	73			49			26			—		148
Cash Investment in Subsidiary	3,908			—			(3,908		)	—		—
Net Cash Used in Investing Activities	(43,646		)	(9,335		)	(6,790		)	—		(59,771		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net Borrowings on Loans, Notes Payable and Long-Term Debt	837			20,465			—			—		21,302
Debt Issuance Costs	(4,994		)	—			—			—		(4,994		)
Cash Dividends Paid	(22,334		)	—			—			—		(22,334		)
Stock Option Exercise Proceeds and Tax Benefits	1,532			—			—			—		1,532
Net Cash Provided by (Used in) Financing Activities	(24,959		)	20,465			—			—		(4,494		)
EFFECT OF FOREIGN CURRENCY EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			419			—		419
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	57,792			(2,303		)	37,596			—		93,085
Cash and Cash Equivalents, Beginning of Year	100,880			3,675			11,999			—		116,554
Cash and Cash Equivalents, End of Year	$	158,672		$	1,372		$	49,595		$	—	$	209,639