Supplemental Guarantor Condensed Financial Information

General Cable Corporation (“Parent Company”) and its U.S. 100% wholly-owned subsidiaries (“Guarantor Subsidiaries”) fully and unconditionally guarantee the $600.0 million of 5.75% Senior Notes due in 2022 and the $125.0 million of Senior Floating Rate Notes due in 2015 of the Parent Company on a joint and several basis. In December 2012, the Canadian Subsidiaries became Non-Guarantor Subsidiaries due to amendments of the Revolving Credit Facility; this effectively changed the Guarantor structure under the terms of the notes described above. The year ended December 31, 2011 Condensed Statements of Operations and Comprehensive Income (Loss) Information and Condensed Statements of Cash Flow Information have been recast to reflect the removal of the Canadian subsidiaries as guarantor subsidiaries. The Canadian subsidiaries are now reflected as non-guarantor subsidiaries. The following tables present financial information about the Parent Company, Guarantor Subsidiaries and Non-Guarantor Subsidiaries in millions. Intercompany transactions are eliminated in the "Eliminations" column of the Supplemental Guarantor Condensed Financial Information tables.

Condensed Statement of Operations and Comprehensive Income (Loss) Information

Year Ended December 31, 2013



	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Total
Net sales:
Customers	$	—		$	2,233.0		$	4,188.2		$	—		$	6,421.2
Intercompany	56.0			292.0			281.4			(629.4		)	—
	56.0			2,525.0			4,469.6			(629.4		)	6,421.2
Cost of sales	—			2,244.5			4,046.4			(573.4		)	5,717.5
Gross profit	56.0			280.5			423.2			(56.0		)	703.7
Selling, general and administrative expenses	43.4			188.7			315.9			(56.0		)	492.0
Operating income	12.6			91.8			107.3			—			211.7
Other income (expense)	—			(6.2		)	(60.5		)	—			(66.7		)
Interest income (expense):
Interest expense	(86.9		)	(110.7		)	(48.1		)	120.8			(124.9		)
Interest income	105.1			15.2			7.4			(120.8		)	6.9
	18.2			(95.5		)	(40.7		)	—			(118.0		)
Income (loss) before income taxes	30.8			(9.9		)	6.1			—			27.0
Income tax (provision) benefit	(11.5		)	13.8			(41.1		)	—			(38.8		)
Equity in net earnings of affiliated companies and subsidiaries	(37.1		)	(41.0		)	0.8			79.0			1.7
Net income (loss) including noncontrolling interest	(17.8		)	(37.1		)	(34.2		)	79.0			(10.1		)
Less: preferred stock dividends	0.3			—			—			—			0.3
Less: net income (loss) attributable to noncontrolling interest	—			—			7.7			—			7.7
Net income (loss) attributable to Company common shareholders	$	(18.1	)	$	(37.1	)	$	(41.9	)	$	79.0		$	(18.1	)
Comprehensive income (loss):
Net income (loss)	$	(17.8	)	$	(37.1	)	$	(34.2	)	$	79.0		$	(10.1	)
Currency translation gain (loss)	(39.2		)	(39.2		)	(55.8		)	87.3			(46.9		)
Defined benefit plan adjustments, net of tax	31.8			31.8			12.3			(43.9		)	32.0
Change in fair value of derivatives, net of tax	(0.1		)	(0.1		)	0.3			0.2			0.3
Comprehensive income (loss), net of tax	(25.3		)	(44.6		)	(77.4		)	122.6			(24.7		)
Comprehensive income (loss) attributable to noncontrolling interest, net of tax	—			—			0.6			—			0.6
Comprehensive income (loss) attributable to Company common shareholders interest, net of tax	$	(25.3	)	$	(44.6	)	$	(78.0	)	$	122.6		$	(25.3	)

Condensed Statement of Operations and Comprehensive Income (Loss) Information

Year Ended December 31, 2012



	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Total
Net sales:
Customers	$	—		$	2,015.8		$	4,043.7		$	—		$	6,059.5
Intercompany	54.4			150.3			320.6			(525.3		)	—
	54.4			2,166.1			4,364.3			(525.3		)	6,059.5
Cost of sales	—			1,903.6			4,001.9			(470.9		)	5,434.6
Gross profit	54.4			262.5			362.4			(54.4		)	624.9
Selling, general and administrative expenses	41.5			150.6			287.8			(54.4		)	425.5
Operating income	12.9			111.9			74.6			—			199.4
Other income (expense)	—			—			(2.9		)	—			(2.9		)
Interest income (expense):
Interest expense	(70.6		)	(96.1		)	(48.0		)	107.9			(106.8		)
Interest income	91.6			15.5			7.3			(107.9		)	6.5
Loss on extinguishment of debt	(9.3		)	—			—			—			(9.3		)
	11.7			(80.6		)	(40.7		)	—			(109.6		)
Income (loss) before income taxes	24.6			31.3			31.0			—			86.9
Income tax (provision) benefit	(10.9		)	(11.0		)	(56.7		)	—			(78.6		)
Equity in net earnings of affiliated companies and subsidiaries	(9.4		)	(29.7		)	1.2			39.6			1.7
Net income (loss) including noncontrolling interest	4.3			(9.4		)	(24.5		)	39.6			10.0
Less: preferred stock dividends	0.3			—			—			—			0.3
Less: net income (loss) attributable to noncontrolling interest	—			—			5.7			—			5.7
Net income (loss) attributable to Company common shareholders	$	4.0		$	(9.4	)	$	(30.2	)	$	39.6		$	4.0
Comprehensive income (loss):
Net income (loss)	$	4.3		$	(9.4	)	$	(24.5	)	$	39.6		$	10.0
Currency translation gain (loss)	8.4			7.6			5.1			(11.2		)	9.9
Defined benefit plan adjustments, net of tax	(21.4		)	(21.4		)	(20.0		)	41.5			(21.3		)
Change in fair value of derivatives, net of tax	5.8			5.8			2.8			(8.4		)	6.0
Comprehensive income (loss), net of tax	(2.9		)	(17.4		)	(36.6		)	61.5			4.6
Comprehensive income (loss) attributable to noncontrolling interest, net of tax	—			—			7.5			—			7.5
Comprehensive income (loss) attributable to Company common shareholders interest, net of tax	$	(2.9	)	$	(17.4	)	$	(44.1	)	$	61.5		$	(2.9	)

Condensed Statement of Operations and Comprehensive Income (Loss) Information

Year Ended December 31, 2011



	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Total
Net sales:
Customers	$	—		$	1,857.0		$	3,951.2		$	—		$	5,808.2
Intercompany	55.9			116.4			204.9			(377.2		)	—
	55.9			1,973.4			4,156.1			(377.2		)	5,808.2
Cost of sales	—			1,742.5			3,792.7			(321.3		)	5,213.9
Gross profit	55.9			230.9			363.4			(55.9		)	594.3
Selling, general and administrative expenses	44.6			130.7			260.3			(55.9		)	379.7
Operating income	11.3			100.2			103.1			—			214.6
Other income (expense)	(0.1		)	(0.2		)	(31.4		)	—			(31.7		)
Interest income (expense):
Interest expense	(63.0		)	(91.6		)	(48.9		)	104.3			(99.2		)
Interest income	88.6			15.0			8.4			(104.3		)	7.7
	25.6			(76.6		)	(40.5		)	—			(91.5		)
Income (loss) before income taxes	36.8			23.4			31.2			—			91.4
Income tax (provision) benefit	(15.8		)	2.6			(25.4		)	—			(38.6		)
Equity in net earnings of affiliated companies and subsidiaries	33.8			7.8			2.6			(41.3		)	2.9
Net income (loss) including noncontrolling interest	54.8			33.8			8.4			(41.3		)	55.7
Less: preferred stock dividends	0.3			—			—			—			0.3
Less: net income (loss) attributable to noncontrolling interest	—			—			0.9			—			0.9
Net income (loss) attributable to Company common shareholders	$	54.5		$	33.8		$	7.5		$	(41.3	)	$	54.5
Comprehensive income (loss):
Net income (loss)	$	54.8		$	33.8		$	8.4		$	(41.3	)	$	55.7
Currency translation gain (loss)	(57.1		)	(56.6		)	(51.8		)	104.9			(60.6		)
Defined benefit plan adjustments, net of tax	(15.6		)	(15.6		)	(3.0		)	16.2			(18.0		)
Change in fair value of derivatives, net of tax	(37.5		)	(37.5		)	(33.8		)	71.2			(37.6		)
Comprehensive income (loss), net of tax	(55.4		)	(75.9		)	(80.2		)	151.0			(60.5		)
Comprehensive income (loss) attributable to noncontrolling interest, net of tax	—			—			(5.1		)	—			(5.1		)
Comprehensive income (loss) attributable to Company common shareholders interest, net of tax	$	(55.4	)	$	(75.9	)	$	(75.1	)	$	151.0		$	(55.4	)

Condensed Balance Sheet Information

December 31, 2013



	Parent		Guarantor Subsidiaries			Non- Guarantor Subsidiaries		Eliminations			Total
Assets
Current assets:
Cash	$	0.2	$	2.2		$	416.4	$	—		$	418.8
Receivables, net of allowances	—		258.5			913.2		—			1,171.7
Inventories	—		438.0			801.6		—			1,239.6
Deferred income taxes	—		23.3			26.9		—			50.2
Prepaid expenses and other	1.9		32.7			91.6		—			126.2
Total current assets	2.1		754.7			2,249.7		—			3,006.5
Property, plant and equipment, net	0.6		231.9			859.5		—			1,092.0
Deferred income taxes	—		—			15.8		—			15.8
Intercompany accounts	1,305.5		507.7			35.8		(1,849.0		)	—
Investment in subsidiaries	1,050.4		1,332.3			—		(2,382.7		)	—
Goodwill	—		13.7			170.9		—			184.6
Intangible assets, net	—		15.5			167.4		—			182.9
Unconsolidated affiliated companies	—		8.0			11.0		—			19.0
Other non-current assets	13.7		33.8			30.6		—			78.1
Total assets	$	2,372.3	$	2,897.6		$	3,540.7	$	(4,231.7	)	$	4,578.9
Liabilities and Total Equity
Current liabilities:
Accounts payable	$	—	$	118.5		$	752.1	$	—		$	870.6
Accrued liabilities	13.8		103.9			317.2		—			434.9
Current portion of long-term debt	—		—			250.3		—			250.3
Total current liabilities	13.8		222.4			1,319.6		—			1,555.8
Long-term debt	902.0		225.0			9.6		—			1,136.6
Deferred income taxes	175.2		(19.4		)	78.0		—			233.8
Intercompany accounts	—		1,339.7			509.3		(1,849.0		)	—
Other liabilities	1.1		79.5			175.3		—			255.9
Total liabilities	1,092.1		1,847.2			2,091.8		(1,849.0		)	3,182.1
Redeemable noncontrolling interest	—		—			17.0		—			17.0
Total Company shareholders’ equity	1,280.2		1,050.4			1,332.3		(2,382.7		)	1,280.2
Noncontrolling interest	—		—			99.6		—			99.6
Total liabilities and equity	$	2,372.3	$	2,897.6		$	3,540.7	$	(4,231.7	)	$	4,578.9

Condensed Balance Sheet Information

December 31, 2012



	Parent		Guarantor Subsidiaries			Non- Guarantor Subsidiaries		Eliminations			Total
Assets
Current assets:
Cash	$	65.3	$	44.2		$	512.8	$	—		$	622.3
Receivables, net of allowances	—		277.6			904.5		—			1,182.1
Inventories	—		460.0			813.6		—			1,273.6
Deferred income taxes	—		24.4			15.1		—			39.5
Prepaid expenses and other	2.3		20.9			109.8		—			133.0
Total current assets	67.6		827.1			2,355.8		—			3,250.5
Property, plant and equipment, net	0.4		238.2			955.3		—			1,193.9
Deferred income taxes	—		—			12.8		—			12.8
Intercompany accounts	1,566.7		491.0			40.2		(2,097.9		)	—
Investment in subsidiaries	1,086.9		1,367.4			—		(2,454.3		)	—
Goodwill	—		15.0			172.6		—			187.6
Intangible assets, net	—		17.7			185.2		—			202.9
Unconsolidated affiliated companies	—		7.3			11.6		—			18.9
Other non-current assets	15.3		26.4			24.3		—			66.0
Total assets	$	2,736.9	$	2,990.1		$	3,757.8	$	(4,552.2	)	$	4,932.6
Liabilities and Total Equity
Current liabilities:
Accounts payable	$	—	$	103.8		$	899.2	$	—		$	1,003.0
Accrued liabilities	12.1		109.1			374.9		—			496.1
Current portion of long-term debt	334.6		—			176.6		—			511.2
Total current liabilities	346.7		212.9			1,450.7		—			2,010.3
Long-term debt	900.5		—			38.4		—			938.9
Deferred income taxes	156.9		(18.2		)	85.2		—			223.9
Intercompany accounts	—		1,606.9			491.0		(2,097.9		)	—
Other liabilities	1.1		101.6			190.0		—			292.7
Total liabilities	1,405.2		1,903.2			2,255.3		(2,097.9		)	3,465.8
Redeemable noncontrolling interest	—		—			18.6		—			18.6
Total Company shareholders’ equity	1,331.7		1,086.9			1,367.4		(2,454.3		)	1,331.7
Noncontrolling interest	—		—			116.5		—			116.5
Total liabilities and equity	$	2,736.9	$	2,990.1		$	3,757.8	$	(4,552.2	)	$	4,932.6

Condensed Statement of Cash Flows Information

Year Ended December 31, 2013



	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations		Total
Net cash flows of operating activities	$	56.0		$	102.4		$	(120.2	)	$	—	$	38.2
Cash flows of investing activities:							—
Capital expenditures	(0.3		)	(29.1		)	(59.7		)	—		(89.1		)
Acquisitions, net of cash acquired	—			(2.3		)	(4.6		)	—		(6.9		)
Proceeds from properties sold	—			0.3			0.1			—		0.4
Other	—			(43.7		)	44.7			—		1.0
Net cash flows of investing activities	(0.3		)	(74.8		)	(19.5		)	—		(94.6		)
Cash flows of financing activities:
Preferred stock dividend paid	(27.0		)	—			—			—		(27.0		)
Intercompany accounts	280.0			(308.3		)	28.3			—		—
Proceeds from other debt	—			420.0			1,225.3			—		1,645.3
Repayments of other debt	—			(194.9		)	(1,162.7		)	—		(1,357.6		)
Settlement of long term debt including fees and expenses	(355.0		)	—			—			—		(355.0		)
Purchase of non-controlling interest	—			8.2			(12.2		)	—		(4.0		)
Dividends paid to non-controlling interest	—			—			(5.3		)	—		(5.3		)
Repurchase of common shares	(19.5		)	—			—			—		(19.5		)
Proceeds from exercise of stock options	0.7			—			—			—		0.7
Net cash flows of financing activities	(120.8		)	(75.0		)	73.4			—		(122.4		)
Effect of exchange rate changes on cash and cash equivalents	—			5.4			(30.1		)	—		(24.7		)
Increase (decrease) in cash and cash equivalents	(65.1		)	(42.0		)	(96.4		)	—		(203.5		)
Cash and cash equivalents — beginning of period	65.3			44.2			512.8			—		622.3
Cash and cash equivalents — end of period	$	0.2		$	2.2		$	416.4		$	—	$	418.8

Condensed Statement of Cash Flows Information

Year Ended December 31, 2012



	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations		Total
Net cash flows of operating activities	$	55.6		$	60.6		$	156.4		$	—	$	272.6
Cash flows of investing activities:
Capital expenditures	(0.2		)	(25.1		)	(83.3		)	—		(108.6		)
Acquisitions, net of cash acquired	—			(175.3		)	(111.2		)	—		(286.5		)
Return of investment intercompany dividends	—			90.8			(90.8		)	—		—
Proceeds from properties sold	—			0.1			4.4			—		4.5
Other	(29.2		)	(129.0		)	158.5			—		0.3
Net cash flows of investing activities	(29.4		)	(238.5		)	(122.4		)	—		(390.3		)
Cash flows of financing activities:
Preferred stock dividend paid	(0.3		)	—			—			—		(0.3		)
Excess tax benefits from stock-based compensation	(0.6		)	—			—			—		(0.6		)
Intercompany accounts	(342.1		)	241.5			100.6			—		—
Proceeds from other debt	—			692.5			781.1			—		1,473.6
Repayments of other debt	—			(727.3		)	(833.5		)	—		(1,560.8		)
Issuance of long term debt	600.0			—			—			—		600.0
Settlement of long term debt including fees and expenses	(217.7		)	—			—			—		(217.7		)
Dividends paid to non-controlling interest	—			—			(3.5		)	—		(3.5		)
Repurchase of common shares	(1.2		)	—			—			—		(1.2		)
Proceeds from exercise of stock options	0.1			—			—			—		0.1
Net cash flows of financing activities	38.2			206.7			44.7			—		289.6
Effect of exchange rate changes on cash and cash equivalents	0.8			6.9			8.6			—		16.3
Increase (decrease) in cash and cash equivalents	65.2			35.7			87.3			—		188.2
Cash and cash equivalents — beginning of period	0.1			8.5			425.5			—		434.1
Cash and cash equivalents — end of period	$	65.3		$	44.2		$	512.8		$	—	$	622.3

Condensed Statement of Cash Flows Information

Year Ended December 31, 2011



	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations		Total
Net cash flows of operating activities	$	53.3		$	52.1		$	(7.6	)	$	—	$	97.8
Cash flows of investing activities:
Capital expenditures	(0.2		)	(20.6		)	(100.7		)	—		(121.5		)
Acquisitions, net of cash acquired	—			—			—			—		—
Proceeds from properties sold	—			—			6.5			—		6.5
Other	—			(58.1		)	58.4			—		0.3
Net cash flows of investing activities	(0.2		)	(78.7		)	(35.8		)	—		(114.7		)
Cash flows of financing activities:
Preferred stock dividend paid	(0.3		)	—			—			—		(0.3		)
Excess tax benefits from stock-based compensation	1.0			—			—			—		1.0
Intercompany accounts	(21.0		)	3.6			17.4			—		—
Proceeds from other debt	—			940.0			951.4			—		1,891.4
Repayments of other debt	—			(905.2		)	(930.6		)	—		(1,835.8		)
Dividends paid to non-controlling interest	—			—			(3.8		)	—		(3.8		)
Repurchase of common shares	(62.5		)	—			—			—		(62.5		)
Proceeds from exercise of stock options	1.5			—			—			—		1.5
Net cash flows of financing activities	(81.3		)	38.4			34.4			—		(8.5		)
Effect of exchange rate changes on cash and cash equivalents	(0.7		)	(6.2		)	7.7			—		0.8
Increase (decrease) in cash and cash equivalents	(28.9		)	5.6			(1.3		)	—		(24.6		)
Cash and cash equivalents — beginning of period	29.0			2.9			426.8			—		458.7
Cash and cash equivalents — end of period	$	0.1		$	8.5		$	425.5		$	—	$	434.1

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 Consolidated Statement of Operations and Comprehensive Income (Loss) Information 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. Non-operating cash flow changes have been classified as financing activities beginning in 2009.

A summary of cash and non-cash transactions of the Parent Company’s intercompany account is provided below:



	Year ended
(in millions)	Dec 31, 2013			Dec 31, 2012			Dec 31, 2011
Beginning Balance	$	1,566.7		$	1,210.4		$	1,169.7
Non-cash transactions
Convertible notes and other debt	—			—			—
Deferred tax	7.1			5.9			8.0
Equity based awards	11.7			11.7			12.7
Foreign currency and other	—			(3.4		)	(1.0		)
Cash transactions	(280.0		)	342.1			21.0
Ending Balance	$	1,305.5		$	1,566.7		$	1,210.4

Dividends

There were no dividend payments to the Parent Company from the Guarantor Subsidiaries in the twelve months ended December 31, 2013, 2012, and 2011.

Parent Company Long-Term Debt

At December 31, 2013 and 2012, the Parent Company was party to various long-term financing arrangements, as summarized below (in millions):



(in millions)	Dec 31, 2013			Dec 31, 2012
5.75% Senior Notes due 2022	$	600.0		$	600.0
Subordinated Convertible Notes due 2029	429.5			429.5
Debt discount on Subordinated Convertible Notes due 2029	(261.5		)	(263.0		)
0.875% Convertible Notes due 2013	—			355.0
Debt discount on 0.875% Convertible Notes due 2013	—			(20.4		)
Senior Floating Rate Notes	125.0			125.0
Other	9.0			9.0
Total Parent Company debt	902.0			1,235.1
Less current maturities	—			334.6
Parent Company Long-term debt	$	902.0		$	900.5



(in millions)	2014		2015		2016		2017		2018
Debt maturities	$	—	$	125.0	$	—	$	—	$	—

Long-term debt related to the Parent Company is discussed in Note 9 - Long-Term Debt.

Commitments and Contingencies

For contingencies and guarantees related to the Parent Company, refer to Note 9 - Long-Term Debt and Note 18 - Commitments and Contingencies.