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SUPPLEMENTAL GUARANTOR INFORMATION
 12 Months Ended
Dec. 31, 2013
SUPPLEMENTAL GUARANTOR INFORMATION  
SUPPLEMENTAL GUARANTOR INFORMATION

19. SUPPLEMENTAL GUARANTOR INFORMATION

Axiall Corporation is primarily a holding company for its 100 percent and majority owned subsidiaries. Payment obligations under the indentures for the 4.875% Notes issued by Axiall Corporation, the 4.625% Notes issued by Eagle Spinco Inc. ("Splitco") and the Term Loan Credit Agreement under which Splitco is the borrower, as described in Note 8 to the consolidated financial statements, are guaranteed by each of Axiall Corporation's 100 percent owned domestic subsidiaries (including Splitco in the case of the 4.875% Notes), other than certain excluded subsidiaries. Axiall Corporation is also a guarantor under Splitco's 4.625% Notes and the Term Loan Credit Agreement.

As of December 31, 2013, payment obligations under the indenture for the 4.875% Notes issued by Axiall Corporation are guaranteed by Axiall Holdco, Inc., Axiall, LLC, Georgia Gulf Lake Charles, LLC, Royal Mouldings Limited, Royal Window and Door Profiles Plant 13 Inc., Royal Window and Door Profiles Plant 14 Inc., Exterior Portfolio, LLC, Plastic Trends, Inc., Royal Group Sales (USA) Limited, Rome Delaware Corporation, Royal Plastics Group (U.S.A.) Limited, PHH Monomers, L.L.C., Eagle Holdco 3 LLC, Eagle US 2 LLC, Axiall Ohio, Inc., Eagle Natrium LLC, and Eagle Pipeline, Inc. (collectively, the "Guarantor Subsidiaries") and Splitco. As of December 31, 2013, payment obligations under the indenture for the 4.625% Notes issued by Splitco are guaranteed by Axiall Corporation and each of the Guarantor Subsidiaries.

Each of Splitco and the Guarantor Subsidiaries is a direct or indirect 100 percent owned subsidiary of Axiall Corporation. The guarantees made by each of Axiall Corporation, Splitco and the other Guarantor Subsidiaries are full, unconditional and joint and several. Except as disclosed in Note 8 to the consolidated financial statements, there are no restrictions on the ability of Axiall Corporation, Splitco or any other Guarantor Subsidiary to obtain funds from any of its direct or indirect 100 percent owned subsidiaries through dividends, loans or advances as a result of the issuance of the 4.625% Notes or the 4.875% Notes. Separate financial statements and other disclosures with respect to Splitco or the Guarantor Subsidiaries have not been provided as management believes the following information is sufficient. Investments in subsidiaries in the supplemental guarantor financial statements reflect investments in 100 percent owned entities within Axiall under the equity accounting method. This presentation of Splitco, the Guarantor Subsidiaries and the non-guarantor subsidiaries of Axiall Corporation (the "Non-Guarantor Subsidiaries") is not included to present the Company's financial condition, results of operations or cash flows for any purpose other than to comply with the specific requirements for subsidiary issuer and subsidiary guarantor reporting.

The following tables present (i) condensed consolidating statements of operations for the years ended December 31, 2013, 2012 and 2011, (ii) condensed consolidating balance sheets as of December 31, 2013 and 2012, and (iii) condensed consolidating statements of cash flows for the years ended December 31, 2013, 2012 and 2011, of each of Axiall Corporation (as parent issuer), Splitco (as subsidiary issuer), the Guarantor Subsidiaries (excluding Splitco), the Guarantor Subsidiaries (including Splitco and which also includes entries necessary to eliminate Splitco's investment in such Guarantor Subsidiaries and other intercompany account balances) and the Non-Guarantor Subsidiaries. The Company acquired PHH Monomers, L.L.C., Eagle Holdco 3 LLC, Eagle US 2 LLC, Axiall Ohio, Inc., Eagle Natrium LLC, and Eagle Pipeline, Inc. (the "Eagle Guarantors") and Splitco in connection with the consummation of the Transactions on January 28, 2013. Accordingly, the Eagle Guarantors are included in the Guarantor Subsidiary column of the following supplemental condensed consolidating balance sheet, as of December 31, 2013, the supplemental statement of operations and comprehensive income for the year ended December 31, 2013 and the supplemental condensed consolidating statement of cash flows for the year ended December 31, 2013. The Eagle Guarantors are not included in the supplemental financial information below for the years ended December 31, 2012 and December 31, 2011 and, accordingly, the supplemental financial information for those periods may be of limited relevance.

Axiall Corporation and Subsidiaries
Supplemental Condensed Consolidating Balance Sheet
December 31, 2013

(In millions)
   Parent
Company
(a)		   Eagle
Spinco Inc.		   Subsidiary
Guarantors
Excluding
Eagle Spinco Inc.		   Subsidiary
Guarantors
Including
Eagle Spinco Inc.
(b)		   Non-
Guarantor
Subsidiaries
(c)		   Eliminations
(d)		   Consolidated
(a) + (b) + (c) + (d)		  

Assets

                                            

Cash and cash equivalents

   $ -   $ -   $ 76.9   $ 76.9   $ 89.6   $ -   $ 166.5  

Receivables, net of allowance for doubtful accounts

     162.5     -     482.2     478.7     73.3     (165.7 )   548.8  

Inventories

     -     -     310.5     310.5     93.1     -     403.6  

Prepaid expenses and other

     1.3     -     26.1     26.1     4.2     -     31.6  

Deferred income taxes

     -     -     20.5     20.5     0.2     (2.7 )   18.0  
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total current assets

     163.8     -     916.2     912.7     260.4     (168.4 )   1,168.5  

Property, plant and equipment, net

     9.8     -     1,325.6     1,325.6     323.3     -     1,658.7  

Long-term receivables—affiliates

     1,328.6     -     -     -     -     (1,328.6 )   -  

Goodwill

     -     -     1,496.6     1,496.6     266.6     -     1,763.2  

Customer relationships, net

     -     -     935.2     935.2     166.6     -     1,101.8  

Other intangible assets, net

     -     -     72.9     72.9     -     -     72.9  

Other assets, net

     12.2     13.2     71.7     84.9     15.0     -     112.1  

Investment in subsidiaries

     1,747.7     2,950.8     312.9     312.9     -     (2,060.6 )   -  
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total assets

   $ 3,262.1   $ 2,964.0   $ 5,131.1   $ 5,140.8   $ 1,031.9   $ (3,557.6 ) $ 5,877.2  
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                               

Liabilities and Equity:

                                            

Current portion of long-term debt

   $ -   $ 2.8   $ -   $ 2.8   $ -   $ -   $ 2.8  

Accounts payable

     16.8     119.6     319.6     435.7     26.9     (165.7 )   313.7  

Interest payable

     3.1     12.3     -     12.3     -     -     15.4  

Income taxes payable

     -     -     12.2     12.2     4.9     -     17.1  

Accrued compensation

     0.5     -     49.6     49.6     11.4     -     61.5  

Other accrued current liabilities

     12.9     -     86.5     86.5     35.9     (2.7 )   132.6  
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total current liabilities

     33.3     134.7     467.9     599.1     79.1     (168.4 )   543.1  

Long-term debt, excluding current portion of long-term debt

     450.0     880.0     -     880.0     -     -     1,330.0  

Long-term payables—affiliates

     -     900.0     -     900.0     428.6     (1,328.6 )   -  

Lease financing obligation

     -     -     -     -     104.7     -     104.7  

Deferred income taxes

     31.0     -     790.9     790.9     43.6           865.5  

Pension and other post retirement benefits

     13.7     -     107.0     107.0     9.1     -     129.8  

Other non-current liabilities

     125.2     -     116.4     116.4     20.9     (86.7 )   175.8  
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total liabilities

     653.2     1,914.7     1,482.2     3,393.4     686.0     (1,583.7 )   3,148.9  

Equity

                                            

Total Axiall stockholders' equity

     2,608.9     1,049.3     3,648.9     1,747.4     226.5     (1,973.9 )   2,608.9  

Noncontrolling interest

     -     -     -     -     119.4     -     119.4  
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total equity

     2,608.9     1,049.3     3,648.9     1,747.4     345.9     (1,973.9 )   2,728.3  
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total liabilities and equity

   $ 3,262.1   $ 2,964.0   $ 5,131.1   $ 5,140.8   $ 1,031.9   $ (3,557.6 ) $ 5,877.2  
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                               


Axiall Corporation and Subsidiaries
Supplemental Condensed Consolidating Balance Sheet
December 31, 2012

(In millions)
   Parent
Company
(a)		   Eagle
Spinco Inc.		   Subsidiary
Guarantors
Excluding
Eagle
Spinco Inc.		   Subsidiary
Guarantors
Including
Eagle
Spinco Inc.
(b)		   Non-
Guarantor
Subsidiaries
(c)		   Eliminations
(d)		   Consolidated
(a) + (b)  +(c) + (d)		  

Assets:

                                            

Cash and cash equivalents

   $ -   $ -   $ 131.4   $ 131.4   $ 68.9   $ -   $ 200.3  

Receivables, net of allowance

     2.2     -     988.7     988.7     55.7     (731.7 )   314.9  

Inventories

     -     -     201.6     201.6     86.8     -     288.4  

Prepaid expenses and other

     -     -     11.9     11.9     2.8     -     14.7  

Deferred income taxes

     7.9     -     13.0     13.0     0.2     -     21.1  
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total current assets

     10.1     -     1,346.6     1,346.6     214.4     (731.7 )   839.4  

Property, plant and equipment, net

     1.5     -     422.0     422.0     214.2     -     637.7  

Long-term receivables—affiliates

     458.0     -     9.4     9.4     -     (467.4 )   -  

Goodwill

     -     -     105.0     105.0     112.2     -     217.2  

Customer relationships, net

     -     -     26.5     26.5     -     -     26.5  

Other intangible assets, net

     -     -     14.4     14.4     2.5     -     16.9  

Other assets, net

     14.0     -     38.8     38.8     10.8     -     63.6  

Investment in subsidiaries

     1,446.5     -     -     -     -     (1,446.5 )   -  
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total assets

   $ 1,930.1   $ -   $ 1,962.7   $ 1,962.7   $ 554.1   $ (2,645.6 ) $ 1,801.3  
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                               

Liabilities and Equity

                                            

Accounts payable

   $ 745.1   $ -   $ 176.3   $ 176.3   $ 21.5   $ (731.7 ) $ 211.2  

Interest payable

     18.9     -     -     -     -     -     18.9  

Income taxes payable

     -     -     13.9     13.9     1.2     -     15.1  

Accrued compensation

     -     -     29.4     29.4     15.3     -     44.7  

Other accrued liabilities

     1.0     -     38.5     38.5     21.7     -     61.2  
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total current liabilities

     765.0     -     258.1     258.1     59.7     (731.7 )   351.1  

Long-term debt excluding current portion of 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     161.0     -     -     177.9  

Pension and other post retirement benefits

     -     -     52.3     52.3     -     -     52.3  

Other non-current liabilities

     96.6     -     44.7     44.7     19.6     (104.8 )   56.1  
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total liabilities

     1,326.6     -     516.1     516.1     659.0     (1,303.9 )   1,197.8  

Equity

                                            

Total Axiall stockholders' equity

     603.5     -     1,446.6     1,446.6     (104.9 )   (1,341.7 )   603.5  

Noncontrolling interest

     -     -     -     -     -     -     -  
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total equity

     603.5     -     1,446.6     1,446.6     (104.9 )   (1,341.7 )   603.5  
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total liabilities and equity

   $ 1,930.1   $ -   $ 1,962.7   $ 1,962.7   $ 554.1   $ (2,645.6 ) $ 1,801.3  
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                               

Axiall Corporation and Subsidiaries
Supplemental Condensed Consolidating Statement of Income and Comprehensive Income
Year Ended December 31, 2013

(In millions)
   Parent
Company
(a)		   Eagle
Spinco Inc.		   Subsidiary
Guarantors
Excluding
Eagle Spinco Inc.		   Subsidiary
Guarantors
Including
Eagle Spinco Inc.
(b)		   Non-
Guarantor
Subsidiaries
(c)		   Eliminations
(d)		   Consolidated
(a) + (b) + (c) + (d)		  

Net sales

   $ -   $ -   $ 4,125.1   $ 4,125.1   $ 734.4   $ (193.5 ) $ 4,666.0  

Operating costs and expenses:

                                            

Cost of sales

     -     -     3,520.8     3,520.8     597.2     (193.5 )   3,924.5  

Selling, general and administrative expenses

     41.3     -     181.4     181.4     76.4     -     299.1  

Transaction related costs and other, net

     34.4     -     (2.3 )   (2.3 )   3.5     -     35.6  

Long-lived asset impairment charges, net

     7.5     -     25.5     25.5     3.0     -     36.0  

Gain on sale of assets

     -     -     -     -     -     -     -  
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total operating costs and expenses

     83.2     -     3,725.4     3,725.4     680.1     (193.5 )   4,295.2  
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Operating income (loss)

     (83.2 )   -     399.7     399.7     54.3     -     370.8  

Other income (expense):

                                            

Interest income (expense), net

     (45.7 )   (45.8 )   37.7     (8.1 )   (22.8 )   -     (76.6 )

Foreign exchange gain

     -     -     -     -     -     -     -  

Loss on redemption and other debt costs

     (66.1 )   (12.4 )   -     (12.4 )   -     -     (78.5 )

Gain on acquisition of controlling interest

     -     -     25.9     25.9     -     -     25.9  

Equity in income of subsidiaries

     293.1     114.3     22.6     22.6     -     (315.7 )   -  
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Income before income taxes

     98.1     56.1     485.9     427.7     31.5     (315.7 )   241.6  

Provision for (benefit from) income taxes

     (67.2 )   (19.7 )   157.1     137.4     3.4     -     73.6  
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Consolidated net income

     165.3     75.8     328.8     290.3     28.1     (315.7 )   168.0  

Less net income attributable to noncontrolling interest

     -     -     -     -     2.7     -     2.7  
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net income attributable to Axiall

   $ 165.3   $ 75.8   $ 328.8   $ 290.3   $ 25.4   $ (315.7 ) $ 165.3  
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                               

Comprehensive income (loss) attributable to Axiall

   $ 253.5   $ 165.7   $ 479.3   $ 429.0   $ 19.8   $ (448.8 ) $ 253.5  
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                               

Axiall Corporation and Subsidiaries
Supplemental Condensed Consolidating Statement of Income and Comprehensive Income
Year Ended December 31, 2012

(In millions)
   Parent
Company
(a)		   Eagle
Spinco Inc.		   Subsidiary
Guarantors
Excluding
Eagle Spinco Inc.		   Subsidiary
Guarantors
Including
Eagle Spinco Inc.
(b)		   Non-
Guarantor
Subsidiaries
(c)		   Eliminations
(d)		   Consolidated
(a) + (b) + (c) + (d)		  

Net sales

   $ -   $ -   $ 2,880.8   $ 2,880.8   $ 611.1   $ (166.1 ) $ 3,325.8  

Operating costs and expenses:

                 -                          

Cost of sales

     -     -     2,518.0     2,518.0     513.5     (166.1 )   2,865.4  

Selling, general and administrative expenses

     38.1     -     94.5     94.5     70.9     -     203.5  

Transaction related costs and other, net

     35.8     -     2.6     2.6     0.5     -     38.9  

Long-lived asset impairment charges

     -     -     (0.8 )   (0.8 )   -     -     (0.8 )

Gain on sale of assets

     -     -     (19.3 )   (19.3 )   -     -     (19.3 )
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total operating costs and expenses

     73.9     -     2,595.0     2,595.0     584.9     (166.1 )   3,087.7  
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Operating income (loss)

     (73.9 )   -     285.8     285.8     26.2     -     238.1  

Other income (expense):

                                            

Interest income (expense), net

     (89.9 )   -     56.3     56.3     (23.5 )   -     (57.1 )

Loss on redemption and other debt costs

     (2.7 )   -     -     -     -     -     (2.7 )

Foreign exchange gain (loss)

     0.2     -     (0.1 )   (0.1 )   (0.7 )   -     (0.6 )

Equity in income of subsidiaries

     233.3     -     0.7     0.7     -     (234.0 )   -  
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Income before income taxes

     67.0     -     342.7     342.7     2.0     (234.0 )   177.7  

Provision for (benefit from) income taxes

     (53.5 )   -     115.2     115.2     (4.5 )   -     57.2  
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Consolidated net income

     120.5     -     227.5     227.5     6.5     (234.0 )   120.5  

Less net income attributable to noncontrolling interest

     -     -     -     -     -     -     -  
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net income attributable to Axiall

   $ 120.5   $ -   $ 227.5   $ 227.5   $ 6.5   $ (234.0 ) $ 120.5  
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                               

Comprehensive income attributable to Axiall

   $ 116.8   $ -   $ 219.9   $ 219.9   $ 4.1   $ (224.0 ) $ 116.8  
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                               

Axiall Corporation and Subsidiaries
Supplemental Condensed Consolidating Statement of Income and Comprehensive Income
Year Ended December 31, 2011

(In millions)
   Parent
Company
(a)		   Eagle
Spinco Inc.		   Subsidiary
Guarantors
Excluding
Eagle Spinco Inc.		   Subsidiary
Guarantors
Including
Eagle Spinco Inc.
(b)		   Non-
Guarantor
Subsidiaries
(c)		   Eliminations
(d)		   Consolidated
(a) + (b) + (c) + (d)		  

Net sales

   $ -   $ -   $ 2,747.1   $ 2,747.1   $ 649.7   $ (173.9 ) $ 3,222.9  

Operating costs and expenses:

                                            

Cost of sales

     -     -     2,540.6     2,540.6     552.9     (173.9 )   2,919.6  

Selling, general and administrative expenses

     32.0     -     73.6     73.6     62.6     -     168.2  

Transaction related costs, restructuring and other, net

     -     -     0.7     0.7     2.6     -     3.3  

Long-lived asset impairment charges

     -     -     3.4     3.4     4.9     -     8.3  

Gain on sale of assets

     -     -     (1.1 )   (1.1 )   -     -     (1.1 )

Total operating costs and expenses

     32.0     -     2,617.2     2,617.2     623.0     (173.9 )   3,098.3  
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Operating income (loss)

     (32.0 )   -     129.9     129.9     26.7     -     124.6  
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Other income (expense)

                                            

Interest income (expense), net

     (77.1 )   -     35.9     35.9     (24.1 )   -     (65.3 )

Loss on redemption and other debt costs

     (4.9 )   -     -     -     -     -     (4.9 )

Foreign exchange gain (loss)

     -     -     -     -     (0.9 )   -     (0.9 )

Equity in income of subsidiaries

     180.8     -     (0.4 )   (0.4 )   -     (180.4 )   -  
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Income before income taxes

     66.8     -     165.4     165.4     1.7     (180.4 )   53.5  

Provision for (benefit from) income taxes

     9.0           6.2     6.2     (19.4 )   -     (4.2 )
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Consolidated net income

   $ 57.8   $ -   $ 159.2   $ 159.2   $ 21.1   $ (180.4 ) $ 57.7  
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                               

Net income attributable to Axiall

   $ 57.8   $ -   $ 159.2   $ 159.2   $ 21.1   $ (180.4 ) $ 57.7  
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                               

Comprehensive income (loss) attributable to Axiall

   $ 39.7   $ -   $ 145.1   $ 145.1   $ 23.6   $ (168.7 ) $ 39.7  
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                               

Axiall Corporation and Subsidiaries
Supplemental Condensed Consolidating Statement of Cash Flows
Year Ended December 31, 2013

(In millions)
   Parent
Company
(a)		   Eagle
Spinco Inc.		   Subsidiary
Guarantors
Excluding
Eagle Spinco Inc.		   Subsidiary
Guarantors
Including
Eagle Spinco Inc.
(b)		   Non-
Guarantor
Subsidiaries
(c)		   Eliminations
(d)		   Consolidated
(a) + (b) + (c) + (d)		    

Net cash provided by operating activities

   $ 60.1   $ 112.0   $ 94.0   $ 206.0   $ 59.6   $ -   $ 325.7    
                                 
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Cash flows from investing activities:

                                              

Capital expenditures

     (8.7 )   -     (163.6 )   (163.6 )   (23.8 )   -     (196.1 )  

Proceeds from sale of assets

     -     -     11.1     11.1     0.3     -     11.4    

Distribution from affiliate

     15.9     15.9     19.9     19.9     -     (35.8 )   -    

Acquisitions, net of cash acquired

     21.6     -     -     -     23.5     -     45.1    
                                 
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net cash provided by (used in) investing activities

     28.8     15.9     (132.6 )   (132.6 )   -     (35.8 )   (139.6 )  

Cash flows from financing activities:

                                              

Issuance of long-term debt

     450.0     -     -     -     -     -     450.0    

Long-term debt payments

     (450.0 )   (81.8 )   -     (81.8 )   -     -     (531.8 )  

Make-whole and other fees paid related to financing activities

     (65.9 )   (30.2 )   -     (30.2 )   (2.0 )   -     (98.1 )  

Dividends paid

     (22.2 )   -     -     -     -     -     (22.2 )  

Distribution to affiliate

     -     (15.9 )   (15.9 )   (15.9 )   (19.9 )   35.8     -    

Distribution to noncontrolling interest

     -     -     -     -     (13.3 )   -     (13.3 )  

Excess tax benefits from share-based payment arrangements

     0.9     -     -     -     -     -     0.9    

Stock compensation plan activity

     (1.7 )   -     -     -     -     -     (1.7 )  
                                 
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net cash used in financing activities

     (88.9 )   (127.9 )   (15.9 )   (127.9 )   (35.2 )   35.8     (216.2 )  
                                 
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Effect of exchange rate changes on cash and cash equivalents

     -     -     -     -     (3.7 )   -     (3.7 )  
                                 
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net change in cash and cash equivalents

     -     -     (54.5 )   (54.5 )   20.7     -     (33.8 )  

Cash and cash equivalents at beginning of the year

     -     -     131.4     131.4     68.9     -     200.3    
                                 
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Cash and cash equivalents at end of the year

   $ -   $ -   $ 76.9   $ 76.9   $ 89.6   $ -   $ 166.5    
                                 
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                                 

Axiall Corporation and Subsidiaries
Supplemental Condensed Consolidating Statement of Cash Flows
Year Ended December 31, 2012

(In millions)
   Parent
Company
(a)		   Eagle
Spinco Inc.		   Subsidiary
Guarantors
Excluding
Eagle Spinco Inc.		   Subsidiary
Guarantors
Including
Eagle Spinco Inc.
(b)		   Non-
Guarantor
Subsidiaries
(c)		   Eliminations
(d)		   Consolidated
(a) + (b) + (c) + (d)		    

Net cash provided by operating activities

   $ 62.3   $ -   $ 126.9   $ 126.9   $ 42.0   $ -   $ 231.2    
                                 
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Investing activities:

                                              

Capital expenditures

     (0.4 )   -     (62.6 )   (62.6 )   (17.3 )   -     (80.3 )  

Proceeds from sale of assets

     -     -     23.5     23.5     0.1     -     23.6    

Distribution from affiliate

     1.9     -     0.2     0.2     -     (2.1 )   -    
                                 
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net cash provided by (used in) investing activities

     1.5     -     (38.9 )   (38.9 )   (17.2 )   (2.1 )   (56.7 )  

Financing activities:

                                              

Long-term debt payments

     (51.5 )   -     -     -     -     -     (51.5 )  

Fees paid related to financing activities

     (1.5 )   -     -     -     -     -     (1.5 )  

Return of capital

     -     -     -     -     (2.1 )   2.1     -    

Tax benefits from employee share-based exercises

     2.7     -     -     -     -     -     2.7    

Dividends

     (8.3 )   -     -     -     -     -     (8.3 )  

Stock compensation plan activity

     (5.2 )   -     -     -     -     -     (5.2 )  
                                 
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net cash (used in) provided by financing activities

     (63.8 )   -     -     -     (2.1 )   2.1     (63.8 )  
                                 
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Effect of exchange rate changes on cash and cash equivalents

     -     -     -     -     1.0     -     1.0    
                                 
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net change in cash and cash equivalents

     -     -     88.0     88.0     23.7     -     111.7    

Cash and cash equivalents at beginning of year

     -     -     43.4     43.4     45.2     -     88.6    
                                 
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Cash and cash equivalents at end of year

   $ -   $ -   $ 131.4   $ 131.4   $ 68.9   $ -   $ 200.3    
                                 
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                                 

Axiall Corporation and Subsidiaries
Supplemental Condensed Consolidating Statement of Cash Flows
Year Ended December 31, 2011

(In millions)
   Parent
Company
(a)		   Eagle
Spinco Inc.		   Subsidiary
Guarantors
Excluding
Eagle Spinco Inc.		   Subsidiary
Guarantors
Including
Eagle Spinco Inc.
(b)		   Non-
Guarantor
Subsidiaries
(c)		   Eliminations
(d)		   Consolidated
(a) + (b) + (c) + (d)		    

Net cash provided by operating activities

   $ 158.3   $ -   $ 1.7   $ 1.7   $ 27.4   $ -   $ 187.4    
                                 
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Investing activities:

                                              

Capital expenditures

     (1.2 )   -     (53.9 )   (53.9 )   (11.3 )   -     (66.4 )  

Proceeds from sale of assets

     -     -     1.3     1.3     -     -     1.3    

Acquisitions, net of cash acquired

     -     -     (71.4 )   (71.4 )   -     -     (71.4 )  
                                 
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net cash used in investing activities

     (1.2 )   -     (124.0 )   (124.0 )   (11.3 )   -     (136.5 )  

Financing activities:

                                              

Long-term debt payments

     (85.1 )   -     -     -     -     -     (85.1 )  

Fees paid related to financing activities

     (1.4 )   -     -     -     (0.6 )   -     (2.0 )  

Intercompany financing to fund acquisition

     (72.1 )   -     72.1     72.1     -     -     -    

Excess tax benefits from employee share-based payment arrangements

     1.5     -     -     -     -     -     1.5    
                                 
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net cash provided by (used in) financing activities

     (157.1 )   -     72.1     72.1     (0.6 )   -     (85.6 )  
                                 
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Effect of exchange rate changes on cash and cash equivalents

     -     -     -     -     0.5     -     0.5    
                                 
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net change in cash and cash equivalents

     -     -     (50.2 )   (50.2 )   16.0     -     (34.2 )  

Cash and cash equivalents at beginning of year

     -     -           93.7     29.1     -     122.8    
                                 
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Cash and cash equivalents at end of year

   $ -   $ -   $ (50.2 ) $ 43.5   $ 45.1   $ -   $ 88.6    
                                 
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​