SUPPLEMENTAL GUARANTOR INFORMATION (Tables)

3 Months Ended

Mar. 31, 2013

SUPPLEMENTAL GUARANTOR INFORMATION

Supplemental Condensed Consolidating Balance Sheet Information

Supplemental Condensed Consolidating Balance Sheet
March 31, 2013

(Unaudited)

(In millions)	Parent Company		Guarantor Subsidiaries		Non- Guarantor Subsidiaries		Eliminations			Consolidated
Assets
Cash and cash equivalents	$	-	$	8.6	$	60.6	$	-		$	69.2
Receivables, net of allowance for doubtful accounts		1.5		1,243.9		91.1		(699.6	)		636.9
Inventories		-		328.8		114.8		-			443.6
Prepaid expenses and other		-		26.5		4.3		-			30.8
Deferred income taxes		7.9		-		0.2		(6.8	)		1.3
Total current assets		9.4		1,607.8		271.0		(706.4	)		1,181.8
Property, plant and equipment, net		1.5		1,297.1		337.3		-			1,635.9
Long term receivables—affiliates		448.7		86.4		-		(535.1	)		-
Goodwill		-		1,395.7		271.5		-			1,667.2
Intangibles, net		-		1,066.9		186.8		-			1,253.7
Other assets, net		12.9		61.2		12.7		-			86.8
Investment in subsidiaries		3,310.0		320.6		-		(3,630.6	)		-
Total assets	$	3,782.5	$	5,835.7	$	1,079.3	$	(4,872.1	)	$	5,825.4
Liabilities and Equity
Current portion of long-term debt	$	52.3	$	2.8	$	-	$	-		$	55.1
Accounts payable		708.6		285.5		49.7		(699.6	)		344.2
Interest payable		4.0		5.5		-		-			9.5
Income taxes payable		-		3.5		2.9		-			6.4
Accrued compensation		-		23.7		10.6		-			34.3
Current deferred tax liability		-		12.1		0.1		(6.8	)		5.4
Other accrued current liabilities		1.2		79.6		30.7		-			111.5
Total current liabilities		766.1		412.7		94.0		(706.4	)		566.4
Long-term debt		536.7		881.5		-		-			1,418.2
Long-term payables—affiliates		-		-		535.1		(535.1	)		-
Lease financing obligation		-		-		110.0		-			110.0
Deferred income taxes		13.5		716.2		47.5		-			777.2
Pension and other post retirement benefits		-		315.9		11.6		-			327.5
Other non-current liabilities		104.0		111.2		21.6		(103.9	)		132.9
Total liabilities		1,420.3		2,437.5		819.8		(1,345.4	)		3,332.2
Equity
Total Axiall stockholders' equity (deficit)		2,362.2		3,398.2		128.5		(3,526.7	)		2,362.2
Noncontrolling interest		-		-		131.0		-			131.0
Total equity		2,362.2		3,398.2		259.5		(3,526.7	)		2,493.2
Total liabilities and equity	$	3,782.5	$	5,835.7	$	1,079.3	$	(4,872.1	)	$	5,825.4

Supplemental Condensed Consolidating Balance Sheet
December 31, 2012
(Unaudited)

(In millions)	Parent Company		Guarantor Subsidiaries		Non- Guarantor Subsidiaries			Eliminations			Consolidated
Assets
Cash and cash equivalents	$	-	$	131.0	$	69.3		$	-		$	200.3
Receivables, net of allowance for doubtful accounts		2.2		989.1		55.3			(731.7	)		314.9
Inventories		-		201.6		86.8			-			288.4
Prepaid expenses and other		-		11.9		2.8			-			14.7
Deferred income taxes		7.9		13.0		0.2			-			21.1
Total current assets		10.1		1,346.6		214.4			(731.7	)		839.4
Property, plant and equipment, net		1.5		422.0		214.2			-			637.7
Long term receivables—affiliates		458.0		9.4		-			(467.4	)		-
Goodwill		-		105.0		112.2			-			217.2
Intangible assets, net		-		40.9		2.5			-			43.4
Other assets, net		14.0		38.8		10.8			-			63.6
Investment in subsidiaries		1,446.5		-		-			(1,446.5	)		-
Total assets	$	1,930.1	$	1,962.7	$	554.1		$	(2,645.6	)	$	1,801.3
Liabilities and Equity
Accounts payable	$	745.1	$	176.3	$	21.5		$	(731.7	)	$	211.2
Interest payable		18.9		-		-			-			18.9
Income taxes payable		-		13.9		1.2			-			15.1
Accrued compensation		-		29.4		15.3			-			44.7
Other accrued liabilities		1.0		38.5		21.7			-			61.2
Total current liabilities		765.0		258.1		59.7			(731.7	)		351.1
Long-term debt		448.1		-		-			-			448.1
Lease financing obligation		-		-		112.3			-			112.3
Long-term payables—affiliates		-		-		467.4			(467.4	)		-
Deferred income taxes		16.9		161.0		-			-			177.9
Pension and other post retirement benefits		-		48.3		-			-			48.3
Other non-current liabilities		96.6		48.7		19.6			(104.8	)		60.1
Total liabilities		1,326.6		516.1		659.0			(1,303.9	)		1,197.8
Equity
Total Axiall stockholders' equity (deficit)		603.5		1,446.6		(104.9	)		(1,341.7	)		603.5
Total equity		603.5		1,446.6		(104.9	)		(1,341.7	)		603.5
Total liabilities and equity	$	1,930.1	$	1,962.7	$	554.1		$	(2,645.6	)	$	1,801.3

Supplemental Condensed Consolidating Statements of Income and Comprehensive Income Information

Axiall Corporation
Supplemental Condensed Consolidating Statement of Operations and Comprehensive Income (Loss)
Three Months Ended March 31, 2013
(Unaudited)

(In millions)	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	-		$	971.7		$	135.6		$	(46.1	)	$	1,061.2
Operating costs and expenses:
Cost of sales		-			825.5			119.6			(46.1	)		899.0
Selling, general and administrative expenses		8.2			51.1			19.0			-			78.3
Transaction related costs and other, net		9.1			0.7			0.3			-			10.1
Long-lived asset impairment charges (recoveries), net		-			2.6			-			-			2.6
Total operating costs and expenses		17.3			879.9			138.9			(46.1	)		990.0
Operating income (loss)		(17.3	)		91.8			(3.3	)		-			71.2
Other income (expense):
Loss on redemption and other debt costs		(66.1	)		(12.4	)		-			-			(78.5	)
Interest expense, net		(16.5	)		3.8			(5.6	)		-			(18.3	)
Gain on acquisition of controlling interest		-			23.5			-			-			23.5
Foreign exchange gain (loss)		(0.1	)		-			0.2			-			0.1
Equity in income (loss) of subsidiaries		83.9			2.3			-			(86.2	)		-
Income (loss) before income taxes		(16.1	)		109.0			(8.7	)		(86.2	)		(2.0	)
Provision for (benefit from) income taxes		(12.6	)		16.0			(2.6	)		-			0.8
Consolidated net income (loss)		(3.5	)		93.0			(6.1	)		(86.2	)		(2.8	)
Less net income attributable to noncontrolling interest		-			-			0.7			-			0.7
Net income (loss) attributable to Axiall	$	(3.5	)	$	93.0		$	(6.8	)	$	(86.2	)	$	(3.5	)
Comprehensive income (loss) attributable to Axiall	$	(11.2	)	$	89.1		$	(9.2	)	$	(79.9	)	$	(11.2	)

Axiall Corporation and Subsidiaries
Supplemental Condensed Consolidating Statement of Operations and Comprehensive Income (Loss)
Three Months Ended March 31, 2012

(Unaudited)

(In millions)	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	-		$	781.7		$	126.8		$	(48.6	)	$	859.9
Operating costs and expenses:
Cost of sales		-			692.8			112.2			(48.6	)		756.4
Selling, general and administrative expenses		7.8			23.2			16.7			-			47.7
Transaction related costs and other, net		5.0			0.3			-			-			5.3
Long-lived asset impairment charges (recoveries), net		-			(0.3	)		-			-			(0.3	)
Gain on sale of assets		-			(17.4	)		-			-			(17.4	)
Total operating costs and expenses		12.8			698.6			128.9			(48.6	)		791.7
Operating income (loss)		(12.8	)		83.1			(2.1	)		-			68.2
Other income (expense):
Interest income (expense), net		(21.5	)		13.0			(5.9	)		-			(14.4	)
Foreign exchange gain (loss)		0.3			-			(0.4	)		-			(0.1	)
Equity in income (loss) of subsidiaries		57.7			(0.8	)		-			(56.9	)		-
Income (loss) before income taxes		23.7			95.3			(8.4	)		(56.9	)		53.7
Provision for (benefit from) income taxes		(11.6	)		30.1			(0.1	)		-			18.4
Consolidated net income (loss)		35.3			65.2			(8.3	)		(56.9	)		35.3
Net income (loss) attributable to Axiall	$	35.3		$	65.2		$	(8.3	)	$	(56.9	)	$	35.3
Comprehensive income (loss) attributable to Axiall	$	38.2		$	64.4		$	(10.6	)	$	(53.8	)	$	38.2

Supplemental Condensed Consolidating Statement of Cash Flows Information

Axiall Corporation
Supplemental Condensed Consolidating Statement of Cash Flows
Three Months Ended March 31, 2013
(Unaudited)

(In millions)	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations		Consolidated
Net cash used in operating activities	$	(75.0	)	$	(0.8	)	$	(29.0	)	$	-	$	(104.8	)
Cash flows from investing activities:
Capital expenditures		-			(13.7	)		(2.7	)		-		(16.4	)
Cash acquired in acquisition		-			-			26.7			-		26.7
Net cash provided by (used in) investing activities		-			(13.7	)		24.0			-		10.3
Cash flows from financing activities:
Borrowings on ABL revolver		222.7			-			-			-		222.7
Repayments on ABL revolver		(83.7	)		-			-			-		(83.7	)
Issuance of long-term debt		450.0			-			-			-		450.0
Long-term debt payments		(450.0	)		(79.7	)		-			-		(529.7	)
Fees paid related to financing activities		(64.1	)		(28.6	)		(1.7	)		-		(94.4	)
Excess tax benefits from share-based payment arrangements		0.1			-			-			-		0.1
Net cash provided by (used in) financing activities		75.0			(108.3	)		(1.7	)		-		(35.0	)
Effect of exchange rate changes on cash and cash equivalents		-			-			(1.6	)		-		(1.6	)
Net change in cash and cash equivalents		-			(122.8	)		(8.3	)		-		(131.1	)
Cash and cash equivalents at beginning of period		-			131.4			68.9			-		200.3
Cash and cash equivalents at end of period	$	-		$	8.6		$	60.6		$	-	$	69.2

Axiall Corporation
Supplemental Condensed Consolidating Statement of Cash Flows
Three Months Ended March 31, 2012
(Unaudited)

(In millions)	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net cash used in operating activities	$	(30.8	)	$	(33.0	)	$	(21.7	)	$	-		$	(85.5	)
Cash flows from investing activities:
Capital expenditures		(0.1	)		(9.1	)		(4.3	)		-			(13.5	)
Proceeds from sale of assets		-			19.3			-			-			19.3
Distributions from affiliate		1.9			0.2			-			(2.1	)		-
Net cash provided by (used in) investing activities		1.8			10.4			(4.3	)		(2.1	)		5.8
Cash flows from financing activities:
Borrowings on ABL revolver		89.1			-			-			-			89.1
Repayments on ABL revolver		(60.1	)		-			-			-			(60.1	)
Return on capital		-			-			(2.1	)		2.1			-
Net cash provided by (used in) financing activities		29.0			-			(2.1	)		2.1			29.0
Effect of exchange rate changes on cash and cash equivalents		-			-			1.1			-			1.1
Net change in cash and cash equivalents		-			(22.6	)		(27.0	)		-			(49.6	)
Cash and cash equivalents at beginning of period		-			43.4			45.2			-			88.6
Cash and cash equivalents at end of period	$	-		$	20.8		$	18.2		$	-		$	39.0