Supplemental Guarantor and Parent Company Condensed Financial Information

General Cable Corporation (“Parent Company”) and its U.S. and Canadian 100% owned subsidiaries (“Guarantor Subsidiaries”) fully and unconditionally guarantee the $10.6 million of 1.00% Senior Convertible Notes, the $355.0 million of 0.875% Convertible Notes, the $200 million of 7.125% Senior Notes due in 2017 and the $125 million of Senior Floating Rate Notes due in 2015 of the Parent Company on a joint and several basis. The following tables present financial information about the Parent Company, Guarantor Subsidiaries and non-guarantor subsidiaries in millions. Intercompany transactions are eliminated.

Condensed Statements of Operations and Comprehensive Income (Loss)

Three Fiscal Months Ended June 29, 2012



	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Net sales:
Customers	$	—		$	535.5		$	942.6		$	—		$	1,478.1
Intercompany	21.6			—			11.5			(33.1		)	—
	21.6			535.5			954.1			(33.1		)	1,478.1
Cost of sales	—			462.5			850.1			(11.5		)	1,301.1
Gross profit	21.6			73.0			104.0			(21.6		)	177.0
Selling, general and administrative expenses	11.4			40.4			74.2			(21.6		)	104.4
Operating income	10.2			32.6			29.8			—			72.6
Other income (expense)	—			(1.2		)	(12.3		)	—			(13.5		)
Interest income (expense):
Interest expense	(16.1		)	(22.8		)	(11.6		)	25.3			(25.2		)
Interest income	21.9			3.1			1.9			(25.3		)	1.6
	5.8			(19.7		)	(9.7		)	—			(23.6		)
Income before income taxes	16.0			11.7			7.8			—			35.5
Income tax (provision) benefit	(5.6		)	(3.7		)	(2.7		)	—			(12.0		)
Equity in net income of subsidiaries and affiliated companies	11.5			3.5			—			(14.5		)	0.5
Net income including non-controlling interest	21.9			11.5			5.1			(14.5		)	24.0
Less: preferred stock dividends	0.1			—			—			—			0.1
Less: net income attributable to non-controlling interest	—			—			2.1			—			2.1
Net income attributable to Company common shareholders	$	21.8		$	11.5		$	3.0		$	(14.5	)	$	21.8
Comprehensive income (loss)	$	21.4		$	4.9		$	(57.5	)	$	(14.5	)	$	(45.7	)

Condensed Statements of Operations and Comprehensive Income (Loss)

Six Fiscal Months Ended June 29, 2012



	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Net sales:
Customers	$	—		$	1,066.8		$	1,843.8		$	—		$	2,910.6
Intercompany	28.9			—			23.1			(52.0		)	—
	28.9			1,066.8			1,866.9			(52.0		)	2,910.6
Cost of sales	—			928.3			1,681.2			(23.1		)	2,586.4
Gross profit	28.9			138.5			185.7			(28.9		)	324.2
Selling, general and administrative expenses	23.1			71.6			132.4			(28.9		)	198.2
Operating income	5.8			66.9			53.3			—			126.0
Other income (expense)	—			(0.8		)	(5.9		)	—			(6.7		)
Interest income (expense):
Interest expense	(31.9		)	(45.9		)	(22.8		)	50.7			(49.9		)
Interest income	43.9			6.3			3.8			(50.7		)	3.3
	12.0			(39.6		)	(19.0		)	—			(46.6		)
Income (loss) before income taxes	17.8			26.5			28.4			—			72.7
Income tax (provision) benefit	(6.4		)	(10.9		)	(5.6		)	—			(22.9		)
Equity in net income of subsidiaries	35.5			19.9			—			(54.9		)	0.5
Net income including non-controlling interest	46.9			35.5			22.8			(54.9		)	50.3
Less: preferred stock dividends	0.2			—			—			—			0.2
Less: net income attributable to non-controlling interest	—			—			3.4			—			3.4
Net income applicable to Company common shareholders	$	46.7		$	35.5		$	19.4		$	(54.9	)	$	46.7
Comprehensive income (loss)	$	47.1		$	30.7		$	7.8		$	(54.9	)	$	30.7

Condensed Statements of Operations and Comprehensive Income (Loss)

Three Fiscal Months Ended July 1, 2011



	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Net sales:
Customers	$	—		$	554.0		$	978.2		$	—		$	1,532.2
Intercompany	13.6			—			11.9			(25.5		)	—
	13.6			554.0			990.1			(25.5		)	1,532.2
Cost of sales	—			479.8			889.7			(11.9		)	1,357.6
Gross profit	13.6			74.2			100.4			(13.6		)	174.6
Selling, general and administrative expenses	10.7			36.6			61.1			(13.6		)	94.8
Operating income	2.9			37.6			39.3			—			79.8
Other income (expense)	—			(0.4		)	(3.5		)	—			(3.9		)
Interest income (expense):
Interest expense	(15.6		)	(17.9		)	(10.6		)	20.5			(23.6		)
Interest income	17.3			3.1			2.1			(20.5		)	2.0
	1.7			(14.8		)	(8.5		)	—			(21.6		)
Income (loss) before income taxes	4.6			22.4			27.3			—			54.3
Income tax (provision) benefit	(1.7		)	(10.6		)	(4.9		)	—			(17.2		)
Equity in net income of subsidiaries	34.7			22.9			—			(56.6		)	1.0
Net income including non-controlling interest	37.6			34.7			22.4			(56.6		)	38.1
Less: preferred stock dividends	0.1			—			—			—			0.1
Less: net income attributable to non-controlling interest	—			—			0.5			—			0.5
Net income applicable to Company common shareholders	$	37.5		$	34.7		$	21.9		$	(56.6	)	$	37.5
Comprehensive income (loss)	$	37.8		$	38.7		$	37.6		$	(56.6	)	$	57.5

Condensed Statements of Operations and Comprehensive Income (Loss)

Six Fiscal Months Ended July 1, 2011



	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Net sales:
Customers	$	—		$	1,082.4		$	1,897.4		$	—		$	2,979.8
Intercompany	27.8			—			23.0			(50.8		)	—
	27.8			1,082.4			1,920.4			(50.8		)	2,979.8
Cost of sales	—			938.7			1,722.5			(23.0		)	2,638.2
Gross profit	27.8			143.7			197.9			(27.8		)	341.6
Selling, general and administrative expenses	22.0			74.1			120.4			(27.8		)	188.7
Operating income	5.8			69.6			77.5			—			152.9
Other income (expense)	—			0.6			2.5			—			3.1
Interest income (expense):
Interest expense	(31.3		)	(38.0		)	(21.3		)	43.0			(47.6		)
Interest income	36.8			6.0			4.2			(43.0		)	4.0
	5.5			(32.0		)	(17.1		)	—			(43.6		)
Income (loss) before income taxes	11.3			38.2			62.9			—			112.4
Income tax (provision) benefit	(4.2		)	(18.2		)	(14.2		)	—			(36.6		)
Equity in net income of subsidiaries	68.8			48.8			—			(116.2		)	1.4
Net income including non-controlling interest	75.9			68.8			48.7			(116.2		)	77.2
Less: preferred stock dividends	0.2			—			—			—			0.2
Less: net income attributable to non-controlling interest	—			—			1.3			—			1.3
Net income applicable to Company common shareholders	$	75.7		$	68.8		$	47.4		$	(116.2	)	$	75.7
Comprehensive income (loss)	$	77.2		$	92.1		$	72.1		$	(116.2	)	$	125.2

Condensed Balance Sheets

June 29, 2012



	Parent		Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Eliminations			Total
Assets
Current assets:
Cash and cash equivalents	$	0.1	$	10.2		$	428.5	$	—		$	438.8
Receivables, net of allowances	—		306.6			907.0		—			1,213.6
Inventories, net	—		448.0			811.6		—			1,259.6
Deferred income taxes	—		25.8			13.2		—			39.0
Prepaid expenses and other	1.8		19.8			83.6		—			105.2
Total current assets	1.9		810.4			2,243.9		—			3,056.2
Property, plant and equipment, net	0.3		180.1			831.8		—			1,012.2
Deferred income taxes	—		2.0			22.9		—			24.9
Intercompany accounts	1,249.1		373.0			38.8		(1,660.9		)	—
Investment in subsidiaries	1,162.5		1,407.5			—		(2,570.0		)	—
Goodwill	—		0.8			164.2		—			165.0
Intangible assets, net	—		3.2			176.3		—			179.5
Unconsolidated affiliated companies	—		13.1			5.9		—			19.0
Other non-current assets	7.3		23.6			24.8		—			55.7
Total assets	$	2,421.1	$	2,813.7		$	3,508.6	$	(4,230.9	)	$	4,512.5
Liabilities and Total Equity
Current liabilities:
Accounts payable	$	—	$	106.9		$	862.7	$	—		$	969.6
Accrued liabilities	6.2		96.4			288.0		—			390.6
Current portion of long-term debt	10.4		—			218.3		—			228.7
Total current liabilities	16.6		203.3			1,369.0		—			1,588.9
Long-term debt	824.1		61.3			32.8		—			918.2
Deferred income taxes	148.0		(13.5		)	76.2		—			210.7
Intercompany accounts	—		1,287.9			373.0		(1,660.9		)	—
Other liabilities	—		112.2			135.0		—			247.2
Total liabilities	988.7		1,651.2			1,986.0		(1,660.9		)	2,965.0
Total Company shareholders’ equity	1,432.4		1,162.5			1,407.5		(2,570.0		)	1,432.4
Non-controlling interest	—		—			115.1		—			115.1
Total liabilities and equity	$	2,421.1	$	2,813.7		$	3,508.6	$	(4,230.9	)	$	4,512.5

Condensed Balance Sheets

December 31, 2011



	Parent		Guarantor Subsidiaries			Non- Guarantor Subsidiaries		Eliminations			Total
Assets
Current assets:
Cash	$	0.1	$	12.4		$	421.6	$	—		$	434.1
Receivables, net of allowances	—		247.0			833.9		—			1,080.9
Inventories	—		436.3			792.4		—			1,228.7
Deferred income taxes	—		25.4			18.0		—			43.4
Prepaid expenses and other	1.8		23.5			74.7		—			100.0
Total current assets	1.9		744.6			2,140.6		—			2,887.1
Property, plant and equipment, net	0.4		186.3			841.9		—			1,028.6
Deferred income taxes	—		1.9			16.7		—			18.6
Intercompany accounts	1,210.4		378.4			40.1		(1,628.9		)	—
Investment in subsidiaries	1,147.1		1,374.3			—		(2,521.4		)	—
Goodwill	—		0.8			164.1		—			164.9
Intangible assets, net	—		3.3			178.3		—			181.6
Unconsolidated affiliated companies	—		12.6			6.0		—			18.6
Other non-current assets	8.2		23.4			39.4		—			71.0
Total assets	$	2,368.0	$	2,725.6		$	3,427.1	$	(4,150.3	)	$	4,370.4
Liabilities and Total Equity
Current liabilities:
Accounts payable	$	—	$	100.1		$	846.4	$	—		$	946.5
Accrued liabilities	6.4		102.8			310.8		—			420.0
Current portion of long-term debt	10.1		—			146.2		—			156.3
Total current liabilities	16.5		202.9			1,303.4		—			1,522.8
Long-term debt	813.5		34.9			44.2		—			892.6
Deferred income taxes	139.4		(18.1		)	78.7		—			200.0
Intercompany accounts	—		1,250.5			378.4		(1,628.9		)	—
Other liabilities	—		108.3			134.8		—			243.1
Total liabilities	969.4		1,578.5			1,939.5		(1,628.9		)	2,858.5
Total Company shareholders’ equity	1,398.6		1,147.1			1,374.3		(2,521.4		)	1,398.6
Non-controlling interest	—		—			113.3		—			113.3
Total liabilities and equity	$	2,368.0	$	2,725.6		$	3,427.1	$	(4,150.3	)	$	4,370.4

Condensed Statements of Cash Flows

Six Fiscal Months Ended June 29, 2012



	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Total
Net cash flows of operating activities	$	33.1		$	(42.6	)	$	(7.6	)	$	—	$	(17.1	)
Cash flows of investing activities:
Capital expenditures	—			(12.1		)	(51.8		)	—		(63.9		)
Proceeds from properties sold	—			—			4.2			—		4.2
Acquisitions, net of cash acquired	—			—			(7.3		)	—		(7.3		)
Other	—			(13.6		)	13.5			—		(0.1		)
Net cash flows of investing activities	—			(25.7		)	(41.4		)	—		(67.1		)
Cash flows of financing activities:
Preferred stock dividends paid	(0.2		)	—			—			—		(0.2		)
Excess tax benefits from stock-based compensation	0.1			—			—			—		0.1
Intercompany accounts	(33.2		)	44.5			(11.3		)	—		—
Proceeds from other debt	—			466.3			411.5			—		877.8
Repayments of other debt	—			(439.9		)	(350.9		)	—		(790.8		)
Dividends paid to non-controlling interest	—			—			(1.9		)	—		(1.9		)
Proceeds from exercise of stock options	0.1			—			—			—		0.1
Net cash flows of financing activities	(33.2		)	70.9			47.4			—		85.1
Effect of exchange rate changes on cash and cash equivalents	0.1			(4.8		)	8.5			—		3.8
Increase (decrease) in cash and cash equivalents	—			(2.2		)	6.9			—		4.7
Cash and cash equivalents – beginning of period	0.1			12.4			421.6			—		434.1
Cash and cash equivalents – end of period	$	0.1		$	10.2		$	428.5		$	—	$	438.8

Condensed Statements of Cash Flows

Six Fiscal Months Ended July 1, 2011



	Parent				Guarantor Subsidiaries				Non-Guarantor Subsidiaries				Eliminations			Total
Net cash flows of operating activities	$	19.3			$	(20.1	)		$	(81.7	)		$	—		$	(82.5	)
Cash flows of investing activities:
Capital expenditures	(0.2		)		(9.2		)		(46.1		)		—			(55.5		)
Proceeds from properties sold	—				0.1				2.7				—			2.8
Acquisitions, net of cash acquired	—				—				—				—			—
Other	—				(16.8		)		17.6				—			0.8
Net cash flows of investing activities	(0.2		)		(25.9		)		(25.8		)		—			(51.9		)
Cash flows of financing activities:
Preferred stock dividends paid	(0.2		)		—				—				—			(0.2		)
Excess tax benefits from stock-based compensation	0.7				—				—				—			0.7
Intercompany accounts	(49.2		)		3.6				45.6				—			—
Proceeds from other debt	—			Proceeds from other debt	484.6			Proceeds from other debt	387.0			Proceeds from other debt	—		Proceeds from other debt	871.6
Repayments of other debt	—				(442.5		)		(316.8		)		—			(759.3		)
Dividends paid to non-controlling interests	—				—				(2.8		)		—			(2.8		)
Proceeds from exercise of stock options	0.7				—				—				—			0.7
Net cash flows of financing activities	(48.0		)		45.7				113.0				—			110.7
Effect of exchange rate changes on cash and cash equivalents	—				0.2				(13.2		)		—			(13.0		)
Increase (decrease) in cash and cash equivalents	(28.9		)		(0.1		)		(7.7		)		—			(36.7		)
Cash and cash equivalents - beginning of period	29.0				8.0				421.7				—			458.7
Cash and cash equivalents - end of period	$	0.1			$	7.9			$	414.0			$	—		$	422.0

Notes to Parent Company Condensed Financial Information

Basis of Presentation

In accordance with the requirements of Regulation S-X of the Securities and Exchange Commission, restricted net assets of the Company’s subsidiaries exceeded 25% of the Company’s total consolidated net assets. The Company’s Spanish Term Loans include covenants that require its Spanish subsidiary to maintain minimum net assets of 197 million euros. This financial information is condensed and omits many disclosures presented in the Condensed Consolidated Financial Statements and Notes thereto.

Intercompany Activity

The Parent Company and its Guarantor Subsidiaries participate in a cash pooling program. As part of this program, cash balances are generally swept on a daily basis between the Guarantor Subsidiaries’ bank accounts and those of the Parent Company. There are a significant number of the Company’s subsidiaries that participate in this cash pooling arrangement and there are thousands of transactions per week that occur between the Parent Company and Guarantor Subsidiaries, all of which are accounted for through the intercompany accounts.

Parent Company transactions include interest, dividend, tax payments and intercompany sales transactions related to administrative costs incurred by the Parent Company, which are billed to Guarantor Subsidiaries on a cost-plus basis. These costs are reported in the Parent’s “Selling, general and administrative expenses” on the Condensed Consolidated Statement of Operations for the respective period(s). All intercompany transactions are presumed to be settled in cash when they occur and are included in operating activities on the statement of cash flows.

A summary of cash and non-cash transactions of the Parent Company’s intercompany account is provided below for the six fiscal months ended June 29, 2012 and the twelve months ended December 31, 2011:



(in millions)	June 29, 2012			December 31, 2011
Beginning Balance	$	1,210.4		$	1,169.7
Non-cash transactions
Deferred tax	2.1			8.0
Equity based awards	7.1			12.7
Foreign currency and other	(3.7		)	(1.0		)
Cash transactions	33.2			21.0
Ending Balance	$	1,249.1		$	1,210.4

Dividends

There were no cash dividend payments to the Parent Company from the Guarantor Subsidiaries in the six fiscal months ended June 29, 2012 or July 1, 2011.

Parent Company Long-Term Debt

At June 29, 2012 and December 31, 2011, the Parent Company was party to the following long-term financing arrangements:



(in millions)	June 29, 2012			December 31, 2011
Subordinated Convertible Notes due 2029	$	429.5		$	429.5
Debt discount on Subordinated Convertible Notes due 2029	(263.7		)	(264.4		)
1.00% Senior Convertible Notes due 2012	10.6			10.6
Debt discount on 1.00% Senior Convertible Notes due 2012	(0.2		)	(0.5		)
0.875% Convertible Notes due 2013	355.0			355.0
Debt discount on 0.875% Convertible Notes due 2013	(30.7		)	(40.6		)
7.125% Senior Notes due 2017	200.0			200.0
Senior Floating Rate Notes	125.0			125.0
Other	9.0			9.0
Total Parent Company debt	834.5			823.6
Less current maturities	10.4			10.1
Parent Company Long-term debt	$	824.1		$	813.5



(in millions)	Q2 2013		Q2 2014		Q2 2015		Q2 2016		Q2 2017
Debt maturities twelve month period ending	$	10.4	$	324.3	$	—	$	125.0	$	—

For long-term debt related to the Parent Company, refer to Footnote 9 "Long-Term Debt" of the Notes to the Condensed Consolidated Financial Statements.

Commitments and Contingencies

For contingencies and guarantees related to the Parent Company, refer to Footnote 18 "Commitments and Contingencies" of the Notes to the Condensed Consolidated Financial Statements.