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. 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 Statements of Operations and Comprehensive Income (Loss) Information

Three Fiscal Months Ended March 28, 2014



	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Net sales:
Customers	$	—		$	475.7		$	954.4		$	—		$	1,430.1
Intercompany	17.7			81.6			53.2			(152.5		)	—
	17.7			557.3			1,007.6			(152.5		)	1,430.1
Cost of sales	—			486.2			946.6			(134.8		)	1,298.0
Gross profit	17.7			71.1			61.0			(17.7		)	132.1
Selling, general and administrative expenses	14.8			41.5			82.1			(17.7		)	120.7
Goodwill impairment charge	—			—			155.1			—			155.1
Indefinite-lived intangible asset impairment charge	—			—			93.4			—			93.4
Operating income (loss)	2.9			29.6			(269.6		)	—			(237.1		)
Other income (expense)	—			(2.9		)	(94.8		)	—			(97.7		)
Interest income (expense):
Interest expense	(15.0		)	(16.7		)	(13.5		)	17.8			(27.4		)
Interest income	14.1			3.7			1.2			(17.8		)	1.2
	(0.9		)	(13.0		)	(12.3		)	—			(26.2		)
Income (loss) before income taxes	2.0			13.7			(376.7		)	—			(361.0		)
Income tax (provision) benefit	(0.3		)	(0.9		)	22.6			—			21.4
Equity in net earnings of affiliated companies and subsidiaries	(317.1		)	(329.9		)	0.1			647.1			0.2
Net income (loss) including non-controlling interest	(315.4		)	(317.1		)	(354.0		)	647.1			(339.4		)
Less: net income (loss) attributable to non-controlling interest	—			—			(24.0		)	—			(24.0		)
Net income (loss) attributable to Company common shareholders	$	(315.4	)	$	(317.1	)	$	(330.0	)	$	647.1		$	(315.4	)
Comprehensive income (loss):
Net income (loss)	$	(315.4	)	$	(317.1	)	$	(354.0	)	$	647.1		$	(339.4	)
Currency translation gain (loss)	(9.8		)	(9.8		)	(8.1		)	16.9			(10.8		)
Defined benefit plan adjustments, net of tax	0.9			0.9			0.2			(1.1		)	0.9
Comprehensive income (loss), net of tax	(324.3		)	(326.0		)	(361.9		)	662.9			(349.3		)
Comprehensive income (loss) attributable to non-controlling interest, net of tax	—			—			(25.0		)	—			(25.0		)
Comprehensive income (loss) attributable to Company common shareholders interest, net of tax	$	(324.3	)	$	(326.0	)	$	(336.9	)	$	662.9		$	(324.3	)

Condensed Statements of Operations and Comprehensive Income (Loss) Information

Three Fiscal Months Ended March 29, 2013



	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Net sales:
Customers	$	—		$	610.2		$	933.5		$	—		$	1,543.7
Intercompany	13.8			42.2			103.4			(159.4		)	—
	13.8			652.4			1,036.9			(159.4		)	1,543.7
Cost of sales	—			574.4			958.0			(145.6		)	1,386.8
Gross profit	13.8			78.0			78.9			(13.8		)	156.9
Selling, general and administrative expenses	10.9			49.7			77.3			(13.8		)	124.1
Operating income (loss)	2.9			28.3			1.6			—			32.8
Other income (expense)	—			(1.3		)	(51.4		)	—			(52.7		)
Interest income (expense):
Interest expense	(20.9		)	(26.9		)	(11.3		)	29.6			(29.5		)
Interest income	25.9			3.5			1.7			(29.6		)	1.5
	5.0			(23.4		)	(9.6		)	—			(28.0		)
Income (loss) before income taxes	7.9			3.6			(59.4		)	—			(47.9		)
Income tax (provision) benefit	(3.0		)	(2.0		)	8.8			—			3.8
Equity in net earnings of affiliated companies and subsidiaries	(50.6		)	(52.2		)	0.1			102.9			0.2
Net income (loss) including non-controlling interest	(45.7		)	(50.6		)	(50.5		)	102.9			(43.9		)
Less: preferred stock dividends	0.1			—			—			—			0.1
Less: net income (loss) attributable to non-controlling interest	—			—			1.8			—			1.8
Net income (loss) attributable to Company common shareholders	$	(45.8	)	$	(50.6	)	$	(52.3	)	$	102.9		$	(45.8	)
Comprehensive income (loss):
Net income (loss)	$	(45.7	)	$	(50.6	)	$	(50.5	)	$	102.9		$	(43.9	)
Currency translation gain (loss)	(4.2		)	(4.2		)	5.7			(0.9		)	(3.6		)
Defined benefit plan adjustments, net of tax	2.7			2.7			0.3			(3.0		)	2.7
Change in fair value of derivatives, net of tax	(0.6		)	(0.6		)	—			0.7			(0.5		)
Comprehensive income (loss), net of tax	(47.8		)	(52.7		)	(44.5		)	99.7			(45.3		)
Comprehensive income (loss) attributable to non-controlling interest, net of tax	—			—			2.5			—			2.5
Comprehensive income (loss) attributable to Company common shareholders interest, net of tax	$	(47.8	)	$	(52.7	)	$	(47.0	)	$	99.7		$	(47.8	)

Condensed Balance Sheets Information

March 28, 2014



	Parent		Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Eliminations			Total
Assets
Current assets:
Cash and cash equivalents	$	—	$	2.0		$	313.8	$	—		$	315.8
Receivables, net of allowances	—		262.9			937.4		—			1,200.3
Inventories, net	—		492.6			835.7		—			1,328.3
Deferred income taxes	—		23.1			26.8		—			49.9
Prepaid expenses and other	1.9		29.2			87.1		—			118.2
Total current assets	1.9		809.8			2,200.8		—			3,012.5
Property, plant and equipment, net	0.6		226.4			849.1		—			1,076.1
Deferred income taxes	—		—			15.8		—			15.8
Intercompany accounts	1,284.6		519.5			44.8		(1,848.9		)	—
Investment in subsidiaries	724.4		1,008.4			—		(1,732.8		)	—
Goodwill	—		13.8			13.4		—			27.2
Intangible assets, net	—		15.1			69.4		—			84.5
Unconsolidated affiliated companies	—		7.9			10.9		—			18.8
Other non-current assets	13.3		33.6			26.7		—			73.6
Total assets	$	2,024.8	$	2,634.5		$	3,230.9	$	(3,581.7	)	$	4,308.5
Liabilities and Total Equity
Current liabilities:
Accounts payable	$	—	$	170.9		$	804.2	$	—		$	975.1
Accrued liabilities	27.1		85.6			289.9		—			402.6
Current portion of long-term debt	—		—			285.6		—			285.6
Total current liabilities	27.1		256.5			1,379.7		—			1,663.3
Long-term debt	902.4		264.4			15.6		—			1,182.4
Deferred income taxes	175.4		(18.0		)	58.2		—			215.6
Intercompany accounts	—		1,327.4			521.5		(1,848.9		)	—
Other liabilities	1.2		79.8			156.2		—			237.2
Total liabilities	1,106.1		1,910.1			2,131.2		(1,848.9		)	3,298.5
Redeemable non-controlling interest	—		—			16.7		—			16.7
Total Company shareholders’ equity	918.7		724.4			1,008.4		(1,732.8		)	918.7
Non-controlling interest	—		—			74.6		—			74.6
Total liabilities and equity	$	2,024.8	$	2,634.5		$	3,230.9	$	(3,581.7	)	$	4,308.5

Condensed Balance Sheets Information

December 31, 2013



	Parent		Guarantor Subsidiaries			Non- Guarantor Subsidiaries		Eliminations			Total
Assets
Current assets:
Cash and cash equivalents	$	0.2	$	2.2		$	416.4	$	—		$	418.8
Receivables, net of allowances	—		258.5			913.2		—			1,171.7
Inventories, net	—		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 non-controlling interest	—		—			17.0		—			17.0
Total Company shareholders’ equity	1,280.2		1,050.4			1,332.3		(2,382.7		)	1,280.2
Non-controlling 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 Statements of Cash Flows Information

Three Fiscal Months Ended March 28, 2014



	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Total
Net cash flows of operating activities	$	15.6		$	8.3		$	(59.4	)	$	—	$	(35.5	)
Cash flows of investing activities:				—
Capital expenditures	—			(7.9		)	(19.1		)	—		(27.0		)
Proceeds from properties sold	—			0.2			—			—		0.2
Other	—			(6.0		)	6.1			—		0.1
Net cash flows of investing activities	—			(13.7		)	(13.0		)	—		(26.7		)
Cash flows of financing activities:
Dividends paid to shareholders	(9.0		)	—			—			—		(9.0		)
Intercompany accounts	23.8			(31.7		)	7.9			—		—
Proceeds from other debt	—			308.6			292.4			—		601.0
Repayments of other debt	—			(269.3		)	(242.6		)	—		(511.9		)
Repurchase of common shares	(30.7		)	—			—					(30.7		)
Proceeds from exercise of stock options	0.1			—			—			—		0.1
Net cash flows of financing activities	(15.8		)	7.6			57.7			—		49.5
Effect of exchange rate changes on cash and cash equivalents	—			(2.4		)	(87.9		)	—		(90.3		)
Increase (decrease) in cash and cash equivalents	(0.2		)	(0.2		)	(102.6		)	—		(103.0		)
Cash and cash equivalents – beginning of period	0.2			2.2			416.4			—		418.8
Cash and cash equivalents – end of period	$	—		$	2.0		$	313.8		$	—	$	315.8

Condensed Statements of Cash Flows Information

Three Fiscal Months Ended March 29, 2013



	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Total
Net cash flows of operating activities	$	31.9		$	(63.9	)	$	(148.0	)	$	—	$	(180.0	)
Cash flows of investing activities:
Capital expenditures	—			(8.0		)	(18.7		)	—		(26.7		)
Proceeds from properties sold	—			0.1			—			—		0.1
Acquisitions, net of cash acquired	—			—			—			—		—
Other	—			(4.5		)	4.7			—		0.2
Net cash flows of investing activities	—			(12.4		)	(14.0		)	—		(26.4		)
Cash flows of financing activities:
Dividends paid to shareholders	(0.1		)	—			—			—		(0.1		)
Excess tax benefits (deficiencies) from stock-based compensation	0.1			—			—			—		0.1
Intercompany accounts	(40.4		)	65.1			(24.7		)	—		—
Proceeds from other debt	—			0.8			298.2			—		299.0
Repayments of other debt	—			(0.8		)	(203.7		)	—		(204.5		)
Dividends paid to non-controlling interests	—			—			(0.3		)	—		(0.3		)
Proceeds from exercise of stock options	0.5			—			—			—		0.5
Net cash flows of financing activities	(39.9		)	65.1			69.5			—		94.7
Effect of exchange rate changes on cash and cash equivalents	—			(9.5		)	(16.7		)	—		(26.2		)
Increase (decrease) in cash and cash equivalents	(8.0		)	(20.7		)	(109.2		)	—		(137.9		)
Cash and cash equivalents - beginning of period	65.3			44.2			512.8					622.3
Cash and cash equivalents - end of period	$	57.3		$	23.5		$	403.6		$	—	$	484.4

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 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 for the three fiscal months ended March 28, 2014 and the twelve months ended December 31, 2013:



(in millions)	March 28, 2014			December 31, 2013
Beginning Balance	$	1,305.5		$	1,566.7
Non-cash transactions
Deferred tax	—			7.1
Equity based awards	2.9			11.7
Foreign currency and other	—			—
Cash transactions	(23.8		)	(280.0		)
Ending Balance	$	1,284.6		$	1,305.5

Dividends

There were no cash dividend payments to the Parent Company from the Guarantor Subsidiaries in the three fiscal months ended March 28, 2014 or March 29, 2013.

Parent Company Long-Term Debt

At March 28, 2014 and December 31, 2013, the Parent Company was party to the following long-term financing arrangements:



(in millions)	March 28, 2014			December 31, 2013
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	(261.1		)	(261.5		)
0.875% Convertible Notes due 2013	—			—
Debt discount on 0.875% Convertible Notes due 2013	—			—
Senior Floating Rate Notes	125.0			125.0
Other	9.0			9.0
Total Parent Company debt	902.4			902.0
Less current maturities	—			—
Parent Company Long-term debt	$	902.4		$	902.0



(in millions)	Q1 2015		Q1 2016		Q1 2017		Q1 2018		Q1 2019
Debt maturities twelve month period ending	$	—	$	125.0	$	—	$	—	$	—

For long-term debt related to the Parent Company, refer to Note 8 "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 Note 18 "Commitments and Contingencies" of the Notes to the Condensed Consolidated Financial Statements.