EX-99 2 financialsfor8kfiling.htm EXHIBIT 99 Converted by EDGARwiz




General Cable Corporation and Subsidiaries

Consolidated Statements of Operations

(in millions, except per share data)

(unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

Three Fiscal
Months Ended

 

Twelve Fiscal
Months Ended

 

 

 

12/31/2007

 

12/31/2006

 

12/31/2007

 

12/31/2006

 

Net sales

 

$1,297.8

 

$925.3

 

$4,614.8

 

$3,665.1

 

Cost of sales

 

1,131.5

 

803.4

 

3,952.1

 

3,194.1

 

Gross profit

 

166.3

 

121.9

 

662.7

 

471.0

 

 

 

 

 

 

 

 

 

 

 

Selling, general and

 

 

 

 

 

 

 

 

 

    administrative expenses

 

86.6

 

64.4

 

296.6

 

235.1

 

Operating income

 

79.7

 

57.5

 

366.1

 

235.9

 

Other expense

 

(0.5)

 

(0.8)

 

(3.4)

 

(0.1)

 

Interest income (expense):

 

 

 

 

 

 

 

 

 

        Interest expense

 

(18.7)

 

(9.3)

 

(48.4)

 

(40.0)

 

        Interest income

 

6.8

 

2.5

 

18.8

 

4.4

 

        Loss on extinguishment of debt

 

(0.2)

 

0.0

 

(25.3)

 

0.0

 

 

 

(12.1)

 

(6.8)

 

(54.9)

 

(35.6)

 

 

 

 

 

 

 

 

 

 

 

Income before income taxes

 

67.1

 

49.9

 

307.8

 

200.2

 

Income tax provision

 

(20.6)

 

(14.5)

 

(99.4)

 

(64.9)

 

Minority interests in consolidated subsidiaries

 

(0.2)

 

0.0

 

(0.2)

 

0.0

 

Equity in net earnings of affiliated companies

 

0.4

 

0.0

 

0.4

 

0.0

 

Net income

 

46.7

 

35.4

 

208.6

 

135.3

 

Less: preferred stock dividends

 

(0.1)

 

(0.1)

 

(0.3)

 

(0.3)

 

Net income applicable to common shareholders

 

$46.6

 

$35.3

 

$208.3

 

$135.0

 

Earnings per share

 

 

 

 

 

 

 

 

 

Earnings per common share - basic

 

$0.91

 

$0.70

 

$4.07

 

$2.70

 

Weighted average common shares - basic

 

51.3

 

50.7

 

51.2

 

50.0

 

Earnings per common share-

 

 

 

 

 

 

 

 

 

    assuming dilution

 

$0.84

 

$0.67

 

$3.82

 

$2.60

 

Weighted average common shares-

 

 

 

 

 

 

 

 

 

    assuming dilution

 

55.6

 

52.7

 

54.6

 

52.0

 






General Cable Corporation and Subsidiaries

Consolidated Statements of Operations

Segment Information

(in millions)

(unaudited)

 

 

 

 

 

 

 

 

 

 

Three Fiscal
Months Ended

 

Twelve Fiscal

Months Ended

 

 

 

12/31/2007

12/31/2006

 

12/31/2007

12/31/2006

 

Revenues (as reported)

 

 

 

 

 

 

 

North America

 

$500.0

$479.2

 

$2,243.7

$2,058.6

 

Europe and North Africa

 

513.1

402.1

 

1,939.7

1,446.8

 

Latin America, Sub-Saharan Africa, Middle East and Asia Pacific

 

284.7

44.0

 

431.4

159.7

 

Total

 

$1,297.8

$925.3

 

$4,614.8

$3,665.1

 

 

 

 

 

 

 

 

 

Revenues (metal adjusted)

 

 

 

 

 

 

 

North America

 

$500.0

$477.1

 

$2,243.7

$2,100.4

 

Europe and North Africa

 

513.1

399.6

 

1,939.7

1,475.5

 

Latin America, Sub-Saharan Africa, Middle East and Asia Pacific

 

284.7

44.0

 

431.4

164.5

 

Total

 

$1,297.8

$920.7

 

$4,614.8

$3,740.4

 

 

 

 

 

 

 

 

 

Metal Pounds Sold

 

 

 

 

 

 

 

North America

 

83.1

90.1

 

404.8

428.2

 

Europe and North Africa

 

81.2

77.3

 

336.8

307.9

 

Latin America, Sub-Saharan Africa, Middle East and Asia Pacific

 

75.5

5.9

 

96.3

28.2

 

Total

 

239.8

173.3

 

837.9

764.3

 

 

 

 

 

 

 

 

 

Operating Profit

 

 

 

 

 

 

 

North America

 

$31.5

$30.4

 

$186.0

$128.9

 

Europe and North Africa

 

44.0

24.5

 

162.4

101.9

 

Latin America, Sub-Saharan Africa, Middle East and Asia Pacific

 

10.8

2.6

 

24.3

5.1

 

Subtotal

 

86.3

57.5

 

372.7

235.9

 

   Corporate

 

(6.6)

0.0

 

(6.6)

0.0

 

Total

 

$79.7

$57.5

 

$366.1

$235.9

 

 

 

 

 

 

 

 

 

Return on Metal Adjusted Sales

 

 

 

 

 

 

 

North America

 

6.3%

6.4%

 

8.3%

6.1%

 

Europe and North Africa

 

8.6%

6.1%

 

8.4%

6.9%

 

Latin America, Sub-Saharan Africa, Middle East and Asia Pacific

 

3.8%

5.9%

 

5.6%

3.1%

 

 Total Company

 

6.1%

6.2%

 

7.9%

6.3%

 

 

 

 

 

 

 

 

 

Capital Expenditures

 

 

 

 

 

 

 

North America

 

$19.2

$9.7

 

$41.9

$23.5

 

Europe and North Africa

 

51.1

13.7

 

97.7

44.6

 

Latin America, Sub-Saharan Africa, Middle East and Asia Pacific

 

9.4

1.2

 

14.0

3.0

 

Total

 

$79.7

$24.6

 

$153.6

$71.1

 

 

 

 

 

 

 

 

 

Depreciation & Amortization

 

 

 

 

 

 

 

North America

 

$8.6

$8.1

 

$34.3

$34.0

 

Europe and North Africa

 

6.9

3.9

 

22.0

14.5

 

Latin America, Sub-Saharan Africa, Middle East and Asia Pacific

 

5.1

0.6

 

7.2

2.4

 

Total

 

$20.6

$12.6

 

$63.5

$50.9