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SUPPLEMENTAL GUARANTOR INFORMATION
 3 Months Ended
Mar. 31, 2014
SUPPLEMENTAL GUARANTOR INFORMATION  
SUPPLEMENTAL GUARANTOR INFORMATION

17. 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 Spinco and the Term Loan credit agreement under which Spinco is the borrower, as described in Note 8 to the condensed consolidated financial statements, are guaranteed by each of Axiall Corporation's 100 percent owned domestic subsidiaries (including Spinco in the case of the 4.875 Notes), other than certain excluded subsidiaries. Axiall Corporation is also a guarantor under Spinco's 4.625 Notes and the Term Loan credit agreement.

As of March 31, 2014, 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, LLC., Eagle Holdco 3 LLC, Eagle US 2 LLC, Axiall Ohio, Inc., Eagle Natrium LLC, and Eagle Pipeline, Inc. (collectively, the "Guarantor Subsidiaries") and Spinco. As of December 31, 2013, payment obligations under the indenture for the 4.625 Notes issued by Spinco are guaranteed by Axiall Corporation and each of the Guarantor Subsidiaries.

Each of Spinco and the Guarantor Subsidiaries is a direct or indirect 100 percent owned subsidiary of Axiall Corporation. The guarantees made by each of Axiall Corporation, Spinco and the Guarantor Subsidiaries are full, unconditional and joint and several. Except with respect to certain subordination requirements relating to a non-guarantor subsidiary of the Company loaning funds to the Company or a Guarantor Subsidiary, there are no restrictions on the ability of Axiall Corporation, Spinco or any Guarantor Subsidiary to obtain funds from any of Axiall's 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 Spinco 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 Spinco, 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 the (i) condensed consolidating balance sheets as of March 31, 2014 and December 31, 2013, (ii) condensed consolidating statements of operations and comprehensive income (loss) for the three months ended March 31, 2014 and 2013, and (iii) condensed consolidating statements of cash flows for the three months ended March 31, 2014 and 2013, of each of Axiall Corporation (as parent issuer), Spinco (as subsidiary issuer), the Guarantor Subsidiaries (excluding Spinco), the Guarantor Subsidiaries (including Spinco and which also includes entries necessary to eliminate Spinco's investment in such Guarantor Subsidiaries and other intercompany account balances) and the Non-Guarantor Subsidiaries. The Company acquired PHH Monomers, LLC, Eagle Holdco 3 LLC, Eagle US 2 LLC, Axiall Ohio, Inc., Eagle Natrium LLC, and Eagle Pipeline, Inc. (the "Eagle Guarantors") and Spinco in connection with the consummation of the Transactions on January 28, 2013. The Eagle Guarantors are included in the Guarantor Subsidiary column of the following supplemental condensed consolidating balance sheet as of March 31, 2014 and December 31, 2013, the supplemental condensed consolidating statement of operations and comprehensive loss for the three months ended March 31, 2014 and 2013 and the supplemental condensed consolidating statement of cash flows for the three months ended March 31, 2014 and 2013. However, for the three months ended March 31, 2013, the Eagle Guarantors were only included in the supplemental condensed consolidating statement of operations and comprehensive income (loss) and supplemental condensed consolidating statement of cash flows as of and from January 28, 2013 and, accordingly, the information for these periods may be of limited relevance.

AXIALL CORPORATION
Supplemental Condensed Consolidating Balance Sheet
March 31, 2014
(Unaudited)

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

Assets

                              

Cash and cash equivalents

     ​$ -     ​$ -     ​$ 48.6     ​$ 48.6     ​$ 37.9     ​$ -     ​$ 86.5  

Receivables, net of allowance for doubtful accounts

     128.0     -     467.4     451.9     83.7     (133.9 )   529.7

Inventories

     -     -     326.7     326.7     116.7     -     443.4  

Prepaid expenses and other

     0.8     -     24.8     24.8     9.5     (0.2 )   34.9

Deferred income taxes

     -     -     23.2     23.2     -     (2.7 )   20.5  
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total current assets

   128.8     -     890.7     875.2     247.8     (136.8 )   1,115.0

Property, plant and equipment, net

     10.8     -     1,311.3     1,311.3     323.9     -     1,646.0  

Long-term receivables—affiliates

     1,312.3     -     -     -     -     (1,312.3 )   -

Goodwill

     -     -     1,495.6     1,495.6     259.6     -     1,755.2  

Customer relationships, net

     -     -     921.8     921.8     159.8     -     1,081.6  

Other intangible assets, net

     -     -     71.3     71.3     0.3     -     71.6  

Other assets, net

     12.4     12.8     67.7     80.5     10.6     -     103.5  

Investment in subsidiaries

     1,757.3     2,877.9     309.5     309.5     -     (2,066.8 )   -  
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total assets

   $ 3,221.6     $ 2,890.7     $ 5,067.9     $ 5,065.2     $ 1,002.0     $ (3,515.9 )   $ 5,772.9
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                               

Liabilities and Equity

                                            

Current portion of long-term debt

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

Accounts payable

     16.0     143.2     287.4     415.0     42.1     (133.9 )   339.2  

Interest payable

     8.5     4.2     -     4.2     -     -     12.7  

Income taxes payable

     -     -     0.2     0.2     3.9     (0.2 )   3.9  

Accrued compensation

     -     -     16.9     16.9     8.8     -     25.7  

Other accrued current liabilities

     23.2     -     71.2     71.2     36.2     (2.7 )   127.9  
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total current liabilities

   47.7     150.2     375.7     510.3     91.0     (136.8 )   512.2

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

     450.0     879.3     -     879.3     -     -     1,329.3  

Long-term payables—affiliates

     -     900.0     -     900.0     412.3     (1,312.3 )   -

Lease financing obligation

     -     -     -     -     100.6     -     100.6  

Deferred income taxes

     25.2     -     780.4     780.4     41.8     -     847.4  

Pension and other post-retirement benefits

     3.4     -     113.7     113.7     8.8     -     125.9  

Other non-current liabilities

     120.6     -     123.9     123.9     13.0     (91.5 )   166.0
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total liabilities

     646.9     1,929.5     1,393.7     3,307.6     667.5     (1,540.6 )   3,081.4  

Equity

                                          

Total Axiall stockholders' equity

     2,574.7     961.2     3,674.2     1,757.6     217.7     (1,975.3 )   2,574.7  

Noncontrolling interest

     -     -     -     -     116.8     -     116.8  
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total equity

     2,574.7     961.2     3,674.2     1,757.6     334.5     (1,975.3 )   2,691.5  
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total liabilities and equity

   $ 3,221.6     $ 2,890.7     $ 5,067.9     $ 5,065.2     $ 1,002.0     $ (3,515.9 )   $ 5,772.9
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                               

AXIALL CORPORATION
Supplemental Condensed Consolidating Balance Sheet
December 31, 2013
(Unaudited)

(In millions)
   Parent
Company
(a)		   Eagle
Spinco Inc.		   Guarantor
Subsidiaries
Excluding
Eagle
Spinco Inc.		   Guarantor
Subsidiaries
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  

Lease financing obligation

     -     -     -     -     104.7     -     104.7  

Long-term payables—affiliates

     -     900.0     -     900.0     428.6     (1,328.6 )   -  

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
Supplemental Condensed Consolidating Statement of Operations and Comprehensive Income (Loss)
Three Months Ended March 31, 2014
(Unaudited)

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

Net sales

   $ -     $ -     $ 903.7     $ 905.6     $ 143.4     $ (55.3 )   $ 993.7

Operating costs and expenses:

                                            

Cost of sales

     -     -     843.4     845.3     123.3     (55.3 )   913.3

Selling, general and administrative expenses

     10.9     -     42.8     42.8     19.9     -     73.6  

Transaction-related costs and other, net

     4.6     -     1.4     1.4     0.6     -     6.6  

Long-lived asset impairment charges, net

     -     -     0.4     0.4     0.2     -     0.6  
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total operating costs and expenses

   15.5     -     888.0     889.9     144.0     (55.3 )   994.1
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Operating income (loss)

     (15.5 )   -     15.7     15.7     (0.6 )   -     (0.4 )

Other income (expense):

                                          

Interest income (expense), net

     7.8     (21.4 )   0.6     (20.9 )   (5.2 )   -     (18.3 )

Foreign exchange gain (loss)

     (0.1 )   -     (0.1 )   -     0.5     -     0.4  

Equity in income (loss) of subsidiaries

     (6.1 )   (28.3 )   3.0     3.0     -     3.1     -  
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Income (loss) before income taxes

   (13.9 )   (49.7 )   19.2     (2.2 )   (5.3 )   3.1     (18.3 )  

Provision for (benefit from) income taxes

     (2.3 )   (6.2 )   2.0     (4.2 )   (1.2 )   -     (7.7 )
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Consolidated net income (loss)

   (11.6 )   (43.5 )   17.2     2.0     (4.1 )   3.1     (10.6 ) 

Less net income attributable to noncontrolling interest

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

Net income (loss) attributable to Axiall

   $ (11.6 )   $ (43.5 )   $ 17.2     $ 2.0     $ (5.1 )   $ 3.1     $ (11.6 )  
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                               

    

                                            
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Comprehensive income (loss) attributable to Axiall

   $ (24.9 )   $ (88.1 )   $ (26.6 )   $ (41.8 )   $ (9.8 )   $ 51.6     $ (24.9 )  
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                               

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

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

Net sales

   $ -     $ -     $ 970.0     $ 971.7     $ 135.6     $ (46.1 )   $ 1,061.2

Operating costs and expenses:

                                            

Cost of sales

     -     -     832.4     834.9     120.2     (46.1 )   909.0

Selling, general and administrative expenses

     8.2     -     42.5     41.7     18.4     -     68.3  

Transaction-related costs and other, net

     9.1     -     0.7     0.7     0.3     -     10.1  

Long-lived asset impairment charges, net

     -     -     2.6     2.6     -     -     2.6  
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total operating costs and expenses

   17.3     -     878.2     879.9     138.9     (46.1 )   990.0
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Operating income (loss)

     (17.3 )   -     91.8     91.8     (3.3 )   -     71.2  

Other income (expense):

                                          

Interest income (expense), net

     (16.5 )   (8.0 )   11.9     3.8     (5.6 )   -     (18.3 )

Loss on redemption and other debt costs

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

Gain on acquisition of controlling interest

     -     -     23.5     23.5     -     -     23.5  

Foreign exchange gain

     (0.1 )   -     -     -     0.2     -     0.1  

Equity in income of subsidiaries

     66.0     24.5     2.4     2.4     -     (68.4 )   -  
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Income (loss) before income taxes

   (34.0 )   4.1     129.6     109.1     (8.7 )   (68.4 )   (2.0 )

Provision for (benefit from) income taxes

     (30.5 )   (6.2 )   40.1     33.9     (2.6 )   -     0.8  
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Consolidated net income (loss)

   (3.5 )   10.3     89.5     75.2     (6.1 )   (68.4 )   (2.8 )

Less net income attributable to noncontrolling interest

     -     -     -     -     0.7     -     0.7  
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net income (loss) attributable to Axiall

   $ (3.5 )   $ 10.3     $ 89.5     $ 75.2     $ (6.8 )   $ (68.4 )   $ (3.5 )
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                               

    

                                            
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Comprehensive income (loss) attributable to Axiall

   $ (11.2 )   $ -     $ 89.1     $ 89.1     $ (9.2 )   $ (79.9 )   $ (11.2 )
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                               

The above table reflects the correction of an error related to the allocation of the provision for (benefit from) income taxes between our Parent Company and Guarantor Subsidiaries, including Eagle Spinco Inc.

During the three months ended March 31, 2013, the Company incorrectly reflected transactions between the Parent Company and the Guarantor Subsidiaries in the Supplemental Condensed Consolidating Financial Statements which did not impact the consolidated results. As of and for the three months ended March 31, 2013, this resulted in an overstatement of the Guarantor Subsidiaries' equity, receivables and net income by approximately $17.8 million. These corrections had no impact to the company's consolidated net income attributable to Axiall, earnings per share or retained earnings.

AXIALL CORPORATION
Supplemental Condensed Consolidating Statement of Cash Flows
Three Months Ended March 31, 2014
(Unaudited)

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

Net cash provided by (used in) operating activities

   $ 13.0     $ 0.7     $ 5.9     $ 6.6     $ (41.4 )   $ -     $ (21.8 ) 
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Cash flows from investing activities:

                                            

Capital expenditures

   (1.8 )   -     (34.2 )   (34.2 )   (7.0 )   -     (43.0 )  

Proceeds from sale of assets

     -     -     -     -     0.1     -     0.1  
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net cash used in investing activities

   (1.8 )   -     (34.2 )   (34.2 )   (6.9 )   -     (42.9 ) 

Cash flows from financing activities:

                                            

Long-term debt payments

     -     (0.7 )   -     (0.7 )   -     -     (0.7 ) 

Dividends paid

     (11.2 )   -     -     -     -     -     (11.2 )
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net cash used in financing activities

   (11.2 )   (0.7 )   -     (0.7 )   -     -     (11.9 )  

Effect of exchange rate changes on cash and cash equivalents

     -     -     -     -     (3.4 )   -     (3.4 )
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net change in cash and cash equivalents

   -     -     (28.3 )   (28.3 )   (51.7 )   -     (80.0 ) 

Cash and cash equivalents at beginning of period

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

Cash and cash equivalents at end of period

   $ -     $ -     $ 48.6     $ 48.6     $ 37.9     $ -     $ 86.5  
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                               

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

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

Net cash used in operating activities

   $ (75.0 )   $ 108.3     $ (109.1 )   $ (0.8 )   $ (29.0 )   $ -     $ (104.8 ) 
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Cash flows from investing activities:

                                            

Capital expenditures

   -     -     (13.7 )   (13.7 )   (2.7 )   -     (16.4 )  

Cash acquired in acquisition

     -     -     -     -     26.7     -     26.7  
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net cash provided by (used in) investing activities

   -     -     (13.7 )   (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 )   -     (79.7 )   -     -     (529.7 )

Fees paid related to financing activities

     (64.1 )   (28.6 )   -     (28.6 )   (1.7 )   -     (94.4 ) 

Stock compensation plan activity

     0.1     -     -     -     -     -     0.1  
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net cash provided by (used in) financing activities

   75.0     (108.3 )   -     (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 )   (122.8 )   (8.3 )   -     (131.1 ) 

Cash and cash equivalents at beginning of period

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

Cash and cash equivalents at end of period

   $ -     $ -     $ 8.6     $ 8.6     $ 60.6     $ -     $ 69.2  
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​