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 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 September 30, 2016



	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Net sales:
Customers	$	—		$	422.1		$	502.4		$	—		$	924.5
Intercompany	16.5			44.6			36.0			(97.1		)	—
	16.5			466.7			538.4			(97.1		)	924.5
Cost of sales	—			405.9			496.3			(80.6		)	821.6
Gross profit	16.5			60.8			42.1			(16.5		)	102.9
Selling, general and administrative expenses	13.7			45.5			43.4			(16.5		)	86.1
Goodwill impairment charges	—			7.4			—			—			7.4
Intangible asset impairment charges	—			4.7			—			—			4.7
Operating income (loss)	2.8			3.2			(1.3		)	—			4.7
Other income (expense)	—			0.2			(2.3		)	—			(2.1		)
Interest income (expense):
Interest expense	(14.4		)	(15.9		)	(7.7		)	15.5			(22.5		)
Interest income	14.1			1.2			0.4			(15.5		)	0.2
	(0.3		)	(14.7		)	(7.3		)	—			(22.3		)
Income (loss) before income taxes	2.5			(11.3		)	(10.9		)	—			(19.7		)
Income tax (provision) benefit	(1.1		)	11.4			(4.6		)	—			5.7
Equity in net earnings of affiliated companies and subsidiaries	(15.7		)	(15.8		)	0.1			31.7			0.3
Net income (loss) including noncontrolling interest	(14.3		)	(15.7		)	(15.4		)	31.7			(13.7		)
Less: net income (loss) attributable to noncontrolling interest	—			—			0.6			—			0.6
Net income (loss) attributable to Company common shareholders	$	(14.3	)	$	(15.7	)	$	(16.0	)	$	31.7		$	(14.3	)
Comprehensive income (loss):
Net income (loss)	$	(14.3	)	$	(15.7	)	$	(15.4	)	$	31.7		$	(13.7	)
Currency translation gain (loss)	12.8			12.8			15.2			(27.4		)	13.4
Defined benefit plan adjustments, net of tax	1.3			1.3			0.3			(1.6		)	1.3
Comprehensive income (loss), net of tax	(0.2		)	(1.6		)	0.1			2.7			1.0
Comprehensive income (loss) attributable to noncontrolling interest, net of tax	—			—			1.2			—			1.2
Comprehensive income (loss) attributable to Company common shareholders, net of tax	$	(0.2	)	$	(1.6	)	$	(1.1	)	$	2.7		$	(0.2	)

Condensed Statements of Operations and Comprehensive Income (Loss) Information

Three Fiscal Months Ended October 2, 2015



	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Net sales:
Customers	$	—		$	477.4		$	619.0		$	—		$	1,096.4
Intercompany	18.5			54.4			37.1			(110.0		)	—
	18.5			531.8			656.1			(110.0		)	1,096.4
Cost of sales	—			468.3			604.3			(91.5		)	981.1
Gross profit	18.5			63.5			51.8			(18.5		)	115.3
Selling, general and administrative expenses	18.3			48.3			42.4			(18.5		)	90.5
Operating income (loss)	0.2			15.2			9.4			—			24.8
Other income (expense)	—			(3.2		)	(25.7		)	—			(28.9		)
Interest income (expense):
Interest expense	(14.3		)	(16.3		)	(8.1		)	15.5			(23.2		)
Interest income	13.8			1.8			0.6			(15.5		)	0.7
	(0.5		)	(14.5		)	(7.5		)	—			(22.5		)
Income (loss) before income taxes	(0.3		)	(2.5		)	(23.8		)	—			(26.6		)
Income tax (provision) benefit	(1.2		)	4.5			(8.6		)	—			(5.3		)
Equity in net earnings of affiliated companies and subsidiaries	(27.5		)	(29.5		)	—			57.1			0.1
Net income (loss) including noncontrolling interest	(29.0		)	(27.5		)	(32.4		)	57.1			(31.8		)
Less: net income (loss) attributable to noncontrolling interest	—			—			(2.8		)	—			(2.8		)
Net income (loss) attributable to Company common shareholders	$	(29.0	)	$	(27.5	)	$	(29.6	)	$	57.1		$	(29.0	)
Comprehensive income (loss):
Net income (loss)	$	(29.0	)	$	(27.5	)	$	(32.4	)	$	57.1		$	(31.8	)
Currency translation gain (loss)	(16.2		)	(16.2		)	(19.2		)	32.2			(19.4		)
Defined benefit plan adjustments, net of tax	1.8			1.8			0.6			(2.4		)	1.8
Comprehensive income (loss), net of tax	(43.4		)	(41.9		)	(51.0		)	86.9			(49.4		)
Comprehensive income (loss) attributable to noncontrolling interest, net of tax	—			—			(6.3		)	—			(6.3		)
Comprehensive income (loss) attributable to Company common shareholders, net of tax	$	(43.4	)	$	(41.9	)	$	(44.7	)	$	86.9		$	(43.1	)

Condensed Statements of Operations and Comprehensive Income (Loss) Information

Nine Fiscal Months Ended September 30, 2016



	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Net sales:
Customers	$	—		$	1,322.5		$	1,625.9		$	—		$	2,948.4
Intercompany	50.2			162.8			115.5			(328.5		)	—
	50.2			1,485.3			1,741.4			(328.5		)	2,948.4
Cost of sales	—			1,302.3			1,591.4			(278.3		)	2,615.4
Gross profit	50.2			183.0			150.0			(50.2		)	333.0
Selling, general and administrative expenses	45.3			86.8			156.1			(50.2		)	238.0
Goodwill impairment charges	—			7.4			1.6			—			9.0
Intangible asset impairment charges	—			5.0			2.5			—			7.5
Operating income (loss)	4.9			83.8			(10.2		)	—			78.5
Other income (expense)	—			(0.1		)	4.8			—			4.7
Interest income (expense):
Interest expense	(43.1		)	(48.0		)	(21.5		)	45.4			(67.2		)
Interest income	41.6			3.8			1.2			(45.4		)	1.2
	(1.5		)	(44.2		)	(20.3		)	—			(66.0		)
Income (loss) before income taxes	3.4			39.5			(25.7		)	—			17.2
Income tax (provision) benefit	(2.1		)	7.6			(13.2		)	—			(7.7		)
Equity in net earnings of affiliated companies and subsidiaries	9.5			(37.6		)	0.2			28.6			0.7
Net income (loss) including noncontrolling interest	10.8			9.5			(38.7		)	28.6			10.2
Less: net income (loss) attributable to noncontrolling interest	—			—			(0.6		)	—			(0.6		)
Net income (loss) attributable to Company common shareholders	$	10.8		$	9.5		$	(38.1	)	$	28.6		$	10.8
Comprehensive income (loss):
Net income (loss)	$	10.8		$	9.5		$	(38.7	)	$	28.6		$	10.2
Currency translation gain (loss)	44.1			44.1			42.1			(85.7		)	44.6
Defined benefit plan adjustments, net of tax	3.9			3.9			0.9			(4.8		)	3.9
Comprehensive income (loss), net of tax	58.8			57.5			4.3			(61.9		)	58.7
Comprehensive income (loss) attributable to noncontrolling interest, net of tax	—			—			(0.1		)	—			(0.1		)
Comprehensive income (loss) attributable to Company common shareholders, net of tax	$	58.8		$	57.5		$	4.4		$	(61.9	)	$	58.8

Condensed Statements of Operations and Comprehensive Income (Loss) Information

Nine Fiscal Months Ended October 2, 2015



	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Net sales:
Customers	$	—		$	1,520.9		$	2,040.7		$	—		$	3,561.6
Intercompany	56.7			179.1			117.8			(353.6		)	—
	56.7			1,700.0			2,158.5			(353.6		)	3,561.6
Cost of sales	—			1,495.2			1,995.8			(296.9		)	3,194.1
Gross profit	56.7			204.8			162.7			(56.7		)	367.5
Selling, general and administrative expenses	54.8			137.2			175.7			(56.7		)	311.0
Goodwill impairment charges	—			—			3.2			—			3.2
Intangible asset impairment charges	—			—			1.7			—			1.7
Operating income (loss)	1.9			67.6			(17.9		)	—			51.6
Other income (expense)	0.7			(7.2		)	(55.4		)	—			(61.9		)
Interest income (expense):
Interest expense	(44.1		)	(49.9		)	(28.6		)	48.4			(74.2		)
Interest income	42.4			6.1			2.1			(48.4		)	2.2
	(1.7		)	(43.8		)	(26.5		)	—			(72.0		)
Income (loss) before income taxes	0.9			16.6			(99.8		)	—			(82.3		)
Income tax (provision) benefit	(2.0		)	11.1			(8.2		)	—			0.9
Equity in net earnings of affiliated companies and subsidiaries	(72.9		)	(100.6		)	0.1			173.7			0.3
Net income (loss) including noncontrolling interest	(74.0		)	(72.9		)	(107.9		)	173.7			(81.1		)
Less: net income (loss) attributable to noncontrolling interest	—			—			(7.1		)	—			(7.1		)
Net income (loss) attributable to Company common shareholders	$	(74.0	)	$	(72.9	)	$	(100.8	)	$	173.7		$	(74.0	)
Comprehensive income (loss):
Net income (loss)	$	(74.0	)	$	(72.9	)	$	(107.9	)	$	173.7		$	(81.1	)
Currency translation gain (loss)	(70.0		)	(70.0		)	(55.4		)	117.8			(77.6		)
Defined benefit plan adjustments, net of tax	6.6			6.6			3.0			(9.6		)	6.6
Comprehensive income (loss), net of tax	(137.4		)	(136.3		)	(160.3		)	281.9			(152.1		)
Comprehensive income (loss) attributable to noncontrolling interest, net of tax	—			—			(15.0		)	—			(15.0		)
Comprehensive income (loss) attributable to Company common shareholders, net of tax	$	(137.4	)	$	(136.3	)	$	(145.3	)	$	281.9		$	(137.1	)

Condensed Balance Sheets Information

September 30, 2016



	Parent		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Total
Assets
Current assets:
Cash and cash equivalents	$	—	$	2.5	$	117.7	$	—		$	120.2
Receivables, net of allowances	—		228.9		498.5		—			727.4
Inventories	—		328.8		450.8		—			779.6
Prepaid expenses and other	—		22.1		50.1		—			72.2
Total current assets	—		582.3		1,117.1		—			1,699.4
Property, plant and equipment, net	0.3		193.5		350.3		—			544.1
Deferred income taxes	—		62.2		28.1		(62.2		)	28.1
Intercompany accounts	1,095.5		109.6		70.6		(1,275.7		)	—
Investment in subsidiaries	129.8		677.9		—		(807.7		)	—
Goodwill	—		5.6		6.6		—			12.2
Intangible assets, net	—		6.0		22.9		—			28.9
Unconsolidated affiliated companies	—		8.9		0.2		—			9.1
Other non-current assets	—		17.0		30.8		—			47.8
Total assets	$	1,225.6	$	1,663.0	$	1,626.6	$	(2,145.6	)	$	2,369.6
Liabilities and Total Equity
Current liabilities:
Accounts payable	$	—	$	120.7	$	296.7	$	—		$	417.4
Accrued liabilities	7.3		114.5		220.6		—			342.4
Current portion of long-term debt	—		—		96.1		—			96.1
Total current liabilities	7.3		235.2		613.4		—			855.9
Long-term debt	771.3		66.0		59.6		—			896.9
Deferred income taxes	184.2		—		17.3		(62.2		)	139.3
Intercompany accounts	—		1,165.0		110.7		(1,275.7		)	—
Other liabilities	0.6		67.0		114.7		—			182.3
Total liabilities	963.4		1,533.2		915.7		(1,337.9		)	2,074.4
Redeemable noncontrolling interest	—		—		18.2		—			18.2
Total Company shareholders’ equity	262.2		129.8		677.9		(807.7		)	262.2
Noncontrolling interest	—		—		14.8		—			14.8
Total liabilities, redeemable noncontrolling interest and equity	$	1,225.6	$	1,663.0	$	1,626.6	$	(2,145.6	)	$	2,369.6

Condensed Balance Sheets Information

December 31, 2015



	Parent		Guarantor Subsidiaries		Non- Guarantor Subsidiaries		Eliminations			Total
Assets
Current assets:
Cash and cash equivalents	$	—	$	0.8	$	111.6	$	—		$	112.4
Receivables, net of allowances	—		214.0		501.4		—			715.4
Inventories	—		367.7		478.7		—			846.4
Prepaid expenses and other	—		18.5		47.7		—			66.2
Total current assets	—		601.0		1,139.4		—			1,740.4
Property, plant and equipment, net	0.4		192.6		370.2		—			563.2
Deferred income taxes	—		56.2		30.9		(56.2		)	30.9
Intercompany accounts	1,114.5		102.8		66.4		(1,283.7		)	—
Investment in subsidiaries	72.4		672.8		—		(745.2		)	—
Goodwill	—		13.8		8.4		—			22.2
Intangible assets, net	—		9.5		27.1		—			36.6
Unconsolidated affiliated companies	—		8.4		—		—			8.4
Other non-current assets	—		27.1		25.8		—			52.9
Total assets	$	1,187.3	$	1,684.2	$	1,668.2	$	(2,085.1	)	$	2,454.6
Liabilities and Total Equity
Current liabilities:
Accounts payable	$	—	$	103.5	$	325.2	$	—		$	428.7
Accrued liabilities	11.2		124.0		217.3		—			352.5
Current portion of long-term debt	—		—		168.1		—			168.1
Total current liabilities	11.2		227.5		710.6		—			949.3
Long-term debt	768.6		127.5		15.5		—			911.6
Deferred income taxes	179.5		—		22.2		(56.2		)	145.5
Intercompany accounts	—		1,180.1		103.6		(1,283.7		)	—
Other liabilities	—		76.7		110.4		—			187.1
Total liabilities	959.3		1,611.8		962.3		(1,339.9		)	2,193.5
Redeemable noncontrolling interest	—		—		18.2		—			18.2
Total Company shareholders’ equity	228.0		72.4		672.8		(745.2		)	228.0
Noncontrolling interest	—		—		14.9		—			14.9
Total liabilities, redeemable noncontrolling interest and equity	$	1,187.3	$	1,684.2	$	1,668.2	$	(2,085.1	)	$	2,454.6

Condensed Statements of Cash Flows Information

Nine Fiscal Months Ended September 30, 2016



	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Total
Net cash flows of operating activities	$	2.4		$	48.2		$	15.3		$	—	$	65.9
Cash flows of investing activities:
Capital expenditures	—			(28.2		)	(25.3		)	—		(53.5		)
Proceeds from properties sold	—			0.4			0.7			—		1.1
Disposal of subsidiaries, net of cash disposed of	—			76.8			3.2			—		80.0
Other	—			(0.8		)	1.0			—		0.2
Net cash flows of investing activities	—			48.2			(20.4		)	—		27.8
Cash flows of financing activities:
Dividends paid to shareholders	(26.7		)	—			—			—		(26.7		)
Intercompany accounts	24.3			(36.9		)	12.6			—		—
Proceeds from debt	—			820.8			334.7			—		1,155.5
Repayments of debt	—			(882.4		)	(341.5		)	—		(1,223.9		)
Proceeds from sale leaseback transaction	—			—			6.2			—		6.2
Dividends paid to noncontrolling interest	—			—			(0.1		)	—		(0.1		)
Net cash flows of financing activities	(2.4		)	(98.5		)	11.9			—		(89.0		)
Effect of exchange rate changes on cash and cash equivalents	—			3.8			(0.7		)	—		3.1
Increase (decrease) in cash and cash equivalents	—			1.7			6.1			—		7.8
Cash and cash equivalents – beginning of period	—			0.8			111.6			—		112.4
Cash and cash equivalents – end of period	$	—		$	2.5		$	117.7		$	—	$	120.2

Condensed Statements of Cash Flows Information

Nine Fiscal Months Ended October 2, 2015



	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Net cash flows of operating activities	$	(0.6	)	$	161.9		$	(24.5	)	$	(11.7	)	$	125.1
Cash flows of investing activities:
Capital expenditures	—			(15.6		)	(32.5		)	—			(48.1		)
Proceeds from properties sold	—			0.1			1.6			—			1.7
Reduction of cash due to Venezuela deconsolidation	—			—			(8.2		)	—			(8.2		)
Disposal of subsidiaries, net of cash disposed of	—			88.4			(10.0		)	—			78.4
Other	—			(0.1		)	0.3			—			0.2
Net cash flows of investing activities	—			72.8			(48.8		)	—			24.0
Cash flows of financing activities:
Dividends paid to shareholders	(26.5		)	—			—			—			(26.5		)
Intercompany accounts	151.9			(201.5		)	37.9			11.7			—
Proceeds from debt	—			1,780.4			674.3			—			2,454.7
Repayments of debt	(125.0		)	(1,784.1		)	(720.2		)	—			(2,629.3		)
Dividends paid to noncontrolling interest	—			—			(2.5		)	—			(2.5		)
Proceeds from exercise of stock options	0.2			—			—			—			0.2
Net cash flows of financing activities	0.6			(205.2		)	(10.5		)	11.7			(203.4		)
Effect of exchange rate changes on cash and cash equivalents	—			(26.8		)	(15.0		)	—			(41.8		)
Increase (decrease) in cash and cash equivalents	—			2.7			(98.8		)	—			(96.1		)
Cash and cash equivalents - beginning of period	—			1.2			204.6			—			205.8
Cash and cash equivalents - end of period	$	—		$	3.9		$	105.8		$	—		$	109.7

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, dividends, 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 SG&A 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 Condensed Consolidated Statements of Cash Flows. Non-operating cash flow changes are classified as financing activities.

A summary of cash and non-cash transactions of the Parent Company’s intercompany account is provided below for the nine fiscal months ended September 30, 2016 and the twelve months ended December 31, 2015:



(in millions)	September 30, 2016			December 31, 2015
Beginning Balance	$	1,114.5		$	1,280.8
Non-cash transactions
Deferred tax	—			(19.9		)
Equity based awards	5.3			11.7
Foreign currency and other	—			0.2
Cash transactions	(24.3		)	(158.3		)
Ending Balance	$	1,095.5		$	1,114.5

Dividends

There were no cash dividend payments to the Parent Company from the Guarantor Subsidiaries in the nine fiscal months ended September 30, 2016 or October 2, 2015.

Parent Company Long-Term Debt

At September 30, 2016 and December 31, 2015, the Parent Company was party to the following long-term financing arrangements:



(in millions)	September 30, 2016			December 31, 2015
5.75% Senior Notes due 2022	$	600.0		$	600.0
Subordinated Convertible Notes due 2029	429.5			429.5
Debt discount	(256.2		)	(257.8		)
Debt issuance costs	(11.0		)	(12.1		)
Other	9.0			9.0
Total Parent Company debt	771.3			768.6
Less current maturities	—			—
Parent Company Long-term debt	$	771.3		$	768.6

(in millions)

Q3 2017

Q3 2018

Q3 2019

Q3 2020

Q3 2021

Debt maturities twelve month period ending

—

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