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 Statement of Operations and Comprehensive Income (Loss) Information

Year Ended December 31, 2016



	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Total
Net sales:
Customers	$	—		$	1,730.3		$	2,128.1		$	—		$	3,858.4
Intercompany	63.2			206.4			155.3			(424.9		)	—
	63.2			1,936.7			2,283.4			(424.9		)	3,858.4
Cost of sales	—			1,703.0			2,110.0			(361.7		)	3,451.3
Gross profit	63.2			233.7			173.4			(63.2		)	407.1
Selling, general and administrative expenses	111.8			127.9			232.4			(63.2		)	408.9
Goodwill impairment charges	—			7.4			1.6			—			9.0
Intangible asset impairment charges	—			5.0			2.5			—			7.5
Operating income (loss)	(48.6		)	93.4			(63.1		)	—			(18.3		)
Other income (expense)	—			1.5			5.7			—			7.2
Interest income (expense):
Interest expense	(57.6		)	(65.3		)	(27.3		)	60.7			(89.5		)
Interest income	55.6			5.1			2.5			(60.7		)	2.5
	(2.0		)	(60.2		)	(24.8		)	—			(87.0		)
Income (loss) before income taxes	(50.6		)	34.7			(82.2		)	—			(98.1		)
Income tax (provision) benefit	9.7			18.4			(24.4		)	—			3.7
Equity in net earnings of affiliated companies and subsidiaries	(52.9		)	(106.0		)	0.2			159.6			0.9
Net income (loss) including noncontrolling interest	(93.8		)	(52.9		)	(106.4		)	159.6			(93.5		)
Less: net income (loss) attributable to noncontrolling interest	—			—			0.3			—			0.3
Net income (loss) attributable to Company common shareholders	$	(93.8	)	$	(52.9	)	$	(106.7	)	$	159.6		$	(93.8	)
Comprehensive income (loss):
Net income (loss)	$	(93.8	)	$	(52.9	)	$	(106.4	)	$	159.6		$	(93.5	)
Currency translation gain (loss)	47.2			47.2			45.6			(92.1		)	47.9
Defined benefit plan adjustments, net of tax	6.6			6.6			0.6			(7.2		)	6.6
Comprehensive income (loss), net of tax	(40.0		)	0.9			(60.2		)	60.3			(39.0		)
Comprehensive income (loss) attributable to noncontrolling interest, net of tax	—			—			1.0			—			1.0
Comprehensive income (loss) attributable to Company common shareholders, net of tax	$	(40.0	)	$	0.9		$	(61.2	)	$	60.3		$	(40.0	)

Condensed Statement of Operations and Comprehensive Income (Loss) Information

Year Ended December 31, 2015



	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Total
Net sales:
Customers	$	—		$	1,926.4		$	2,588.1		$	—		$	4,514.5
Intercompany	75.6			219.2			151.1			(445.9		)	—
	75.6			2,145.6			2,739.2			(445.9		)	4,514.5
Cost of sales	—			1,889.9			2,562.5			(370.3		)	4,082.1
Gross profit	75.6			255.7			176.7			(75.6		)	432.4
Selling, general and administrative expenses	75.6			185.1			227.2			(75.6		)	412.3
Goodwill impairment charges	—			—			3.9			—			3.9
Intangible asset impairment charges	—			—			1.7			—			1.7
Operating income	—			70.6			(56.1		)	—			14.5
Other income (expense)	0.7			(8.1		)	(63.9		)	—			(71.3		)
Interest income (expense):
Interest expense	(58.2		)	(66.2		)	(36.4		)	63.8			(97.0		)
Interest income	56.2			7.5			2.8			(63.8		)	2.7
	(2.0		)	(58.7		)	(33.6		)	—			(94.3		)
Income (loss) before income taxes	(1.3		)	3.8			(153.6		)	—			(151.1		)
Income tax (provision) benefit	0.3			21.2			(6.7		)	—			14.8
Equity in net earnings of affiliated companies and subsidiaries	(120.9		)	(145.9		)	0.2			267.1			0.5
Net income (loss) including noncontrolling interest	(121.9		)	(120.9		)	(160.1		)	267.1			(135.8		)
Less: net income (loss) attributable to noncontrolling interest	—			—			(13.9		)	—			(13.9		)
Net income (loss) attributable to Company common shareholders	$	(121.9	)	$	(120.9	)	$	(146.2	)	$	267.1		$	(121.9	)
Comprehensive income (loss):
Net income (loss)	$	(121.9	)	$	(120.9	)	$	(160.1	)	$	267.1		$	(135.8	)
Currency translation gain (loss)	(100.2		)	(100.2		)	(71.4		)	171.6			(100.2		)
Defined benefit plan adjustments, net of tax	15.1			15.1			10.0			(25.1		)	15.1
Comprehensive income (loss), net of tax	(207.0		)	(206.0		)	(221.5		)	413.6			(220.9		)
Comprehensive income (loss) attributable to noncontrolling interest, net of tax	—			—			(22.2		)	—			(22.2		)
Comprehensive income (loss) attributable to Company common shareholders, net of tax	$	(207.0	)	$	(206.0	)	$	(199.3	)	$	413.6		$	(198.7	)

Condensed Statement of Operations and Comprehensive Income (Loss) Information

Year Ended December 31, 2014



	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Total
Net sales:
Customers	$	—		$	2,064.9		$	3,914.9		$	—		$	5,979.8
Intercompany	58.8			303.6			200.3			(562.7		)	—
	58.8			2,368.5			4,115.2			(562.7		)	5,979.8
Cost of sales	—			2,103.8			3,986.7			(503.9		)	5,586.6
Gross profit	58.8			264.7			128.5			(58.8		)	393.2
Selling, general and administrative expenses	49.9			181.3			278.3			(58.8		)	450.7
Goodwill impairment charges	—			—			155.1			—			155.1
Intangible asset impairment charges	—			2.1			96.7			—			98.8
Operating income	8.9			81.3			(401.6		)	—			(311.4		)
Other income (expense)	(1.5		)	5.3			(216.7		)	—			(212.9		)
Interest income (expense):
Interest expense	(63.0		)	(65.7		)	(57.0		)	69.4			(116.3		)
Interest income	55.2			13.9			4.8			(69.4		)	4.5
	(7.8		)	(51.8		)	(52.2		)	—			(111.8		)
Income (loss) before income taxes	(0.4		)	34.8			(670.5		)	—			(636.1		)
Income tax (provision) benefit	0.1			(11.4		)	3.0			—			(8.3		)
Equity in net earnings of affiliated companies and subsidiaries	(627.3		)	(650.7		)	0.8			1,278.6			1.4
Net income (loss) including noncontrolling interest	(627.6		)	(627.3		)	(666.7		)	1,278.6			(643.0		)
Less: net income (loss) attributable to noncontrolling interest	—			—			(15.4		)	—			(15.4		)
Net income (loss) attributable to Company common shareholders	$	(627.6	)	$	(627.3	)	$	(651.3	)	$	1,278.6		$	(627.6	)
Comprehensive income (loss):
Net income (loss)	$	(627.6	)	$	(627.3	)	$	(666.7	)	$	1,278.6		$	(643.0	)
Currency translation gain (loss)	(118.0		)	(118.0		)	(61.0		)	199.7			(97.3		)
Defined benefit plan adjustments, net of tax	(25.7		)	(25.7		)	(12.4		)	38.1			(25.7		)
Other, net of tax	(7.6		)	(7.6		)	—			7.6			(7.6		)
Comprehensive income (loss), net of tax	(778.9		)	(778.6		)	(740.1		)	1,524.0			(773.6		)
Comprehensive income (loss) attributable to noncontrolling interest, net of tax	—			—			5.3			—			5.3
Comprehensive income (loss) attributable to Company common shareholders, net of tax	$	(778.9	)	$	(778.6	)	$	(745.4	)	$	1,524.0		$	(778.9	)

Condensed Balance Sheet Information

December 31, 2016



	Parent		Guarantor Subsidiaries		Non- Guarantor Subsidiaries		Eliminations			Total
Assets
Current assets:
Cash and cash equivalents	$	—	$	1.0	$	100.1	$	—		$	101.1
Receivables, net of allowances	—		202.9		461.6		—			664.5
Inventories	—		363.4		404.8					768.2
Prepaid expenses and other	—		26.2		39.2		—			65.4
Total current assets	—		593.5		1,005.7		—			1,599.2
Property, plant and equipment, net	0.3		202.8		326.2		—			529.3
Deferred income taxes	—		42.9		20.4		(42.9		)	20.4
Intercompany accounts	1,092.4		104.7		69.4		(1,266.5		)	—
Investment in subsidiaries	73.2		612.7		—		(685.9		)	—
Goodwill	—		5.6		6.4		—			12.0
Intangible assets, net	—		6.0		22.3		—			28.3
Unconsolidated affiliated companies	—		8.8		0.2		—			9.0
Other non-current assets	—		15.5		27.9		—			43.4
Total assets	$	1,165.9	$	1,592.5	$	1,478.5	$	(1,995.3	)	$	2,241.6
Liabilities and Total Equity
Current liabilities:
Accounts payable	$	—	$	112.4	$	301.6	$	—		$	414.0
Accrued liabilities	93.4		105.0		221.2		—			419.6
Current portion of long-term debt	—		—		67.5		—			67.5
Total current liabilities	93.4		217.4		590.3		—			901.1
Long-term debt	772.3		75.9		22.9		—			871.1
Deferred income taxes	147.1		—		22.5		(42.9		)	126.7
Intercompany accounts	—		1,161.1		105.4		(1,266.5		)	—
Other liabilities	—		64.9		108.9		—			173.8
Total liabilities	1,012.8		1,519.3		850.0		(1,309.4		)	2,072.7
Total Company shareholders’ equity	153.1		73.2		612.7		(685.9		)	153.1
Noncontrolling interest	—		—		15.8		—			15.8
Total liabilities, redeemable noncontrolling interest and equity	$	1,165.9	$	1,592.5	$	1,478.5	$	(1,995.3	)	$	2,241.6

Condensed Balance Sheet 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 Statement of Cash Flows Information

Year Ended December 31, 2016



	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations		Total
Net cash flows of operating activities	$	6.3		$	63.2		$	85.1		$	—	$	154.6
Cash flows of investing activities:
Capital expenditures	—			(48.0		)	(36.1		)	—		(84.1		)
Proceeds from properties sold	—			0.7			0.8			—		1.5
Disposal of subsidiaries, net of cash disposed of	—			76.8			5.0			—		81.8
Other	—			(1.0		)	1.2			—		0.2
Net cash flows of investing activities	—			28.5			(29.1		)	—		(0.6		)
Cash flows of financing activities:
Dividends paid to shareholders	(35.6		)	—			—			—		(35.6		)
Intercompany accounts	28.1			(42.0		)	13.9			—		—
Proceeds from debt	—			1,114.0			402.2			—		1,516.2
Repayments of debt	—			(1,165.7		)	(469.5		)	—		(1,635.2		)
Purchase of noncontrolling interest	—			—			(18.0		)	—		(18.0		)
Dividends paid to noncontrolling interest	—			—			(0.1		)	—		(0.1		)
Proceeds from exercise of stock options	1.2			—			—			—		1.2
Proceeds from sale leaseback transaction	—			—			6.2			—		6.2
Net cash flows of financing activities	(6.3		)	(93.7		)	(65.3		)	—		(165.3		)
Effect of exchange rate changes on cash and cash equivalents	—			2.2			(2.2		)	—		—
Increase (decrease) in cash and cash equivalents	—			0.2			(11.5		)	—		(11.3		)
Cash and cash equivalents — beginning of period	—			0.8			111.6			—		112.4
Cash and cash equivalents — end of period	$	—		$	1.0		$	100.1		$	—	$	101.1

Condensed Statement of Cash Flows Information

Year Ended December 31, 2015



	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Total
Net cash flows of operating activities	$	1.8		$	179.2		$	29.6		$	(11.7	)	$	198.9
Cash flows of investing activities:
Capital expenditures	—			(18.6		)	(42.9		)	—			(61.5		)
Proceeds from properties sold	—			0.1			1.7			—			1.8
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	—			(0.2		)	0.2			—			—
Net cash flows of investing activities	—			69.7			(59.2		)	—			10.5
Cash flows of financing activities:
Dividends paid to shareholders	(35.3		)	—			—			—			(35.3		)
Intercompany accounts	158.3			(208.4		)	38.4			11.7			—
Proceeds from debt	—			2,082.1			863.4			—			2,945.5
Repayments of debt	(125.0		)	(2,091.3		)	(950.9		)	—			(3,167.2		)
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	(1.8		)	(217.6		)	(51.6		)	11.7			(259.3		)
Effect of exchange rate changes on cash and cash equivalents	—			(31.7		)	(11.8		)	—			(43.5		)
Increase (decrease) in cash and cash equivalents	—			(0.4		)	(93.0		)	—			(93.4		)
Cash and cash equivalents — beginning of period	—			1.2			204.6			—			205.8
Cash and cash equivalents — end of period	$	—		$	0.8		$	111.6		$	—		$	112.4

Condensed Statement of Cash Flows Information

Year Ended December 31, 2014



	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Total
Net cash flows of operating activities	$	0.6		$	116.9		$	30.8		$	(15.1	)	$	133.2
Cash flows of investing activities:
Capital expenditures	—			(34.3		)	(55.3		)	—			(89.6		)
Proceeds from properties sold	—			16.6			4.8			—			21.4
Disposal of subsidiaries, net of cash disposed of	—			—			52.4			—			52.4
Intercompany accounts	—			(19.8		)	—			19.8			—
Other	—			(1.6		)	1.4			—			(0.2		)
Net cash flows of investing activities	—			(39.1		)	3.3			19.8			(16.0		)
Cash flows of financing activities:
Dividends paid to shareholders	(35.4		)	—			—			—			(35.4		)
Intercompany accounts	65.0			49.3			(109.6		)	(4.7		)	—
Proceeds from debt	—			1,406.6			1,283.3			—			2,689.9
Repayments of debt	—			(1,494.9		)	(1,245.4		)	—			(2,740.3		)
Purchase of noncontrolling interest	—			(1.5		)	0.8			—			(0.7		)
Dividends paid to noncontrolling interest	—			—			(6.2		)	—			(6.2		)
Repurchase of common shares	(30.7		)	—			—			—			(30.7		)
Proceeds from exercise of stock options	0.3			—			—			—			0.3
Net cash flows of financing activities	(0.8		)	(40.5		)	(77.1		)	(4.7		)	(123.1		)
Effect of exchange rate changes on cash and cash equivalents	—			(38.3		)	(167.5		)	—			(205.8		)
Cash held for sale	—			—			(1.3		)	—			(1.3		)
Increase (decrease) in cash and cash equivalents	(0.2		)	(1.0		)	(211.8		)	—			(213.0		)
Cash and cash equivalents — beginning of period	0.2			2.2			416.4			—			418.8
Cash and cash equivalents — end of period	$	—		$	1.2		$	204.6		$	—		$	205.8

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 “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 Consolidated Statements 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, 2016			Dec 31, 2015			Dec 31, 2014
Beginning Balance	$	1,114.5		$	1,280.8		$	1,305.5
Non-cash transactions
Deferred tax	(27.6		)	(19.9		)	21.4
Equity based awards	5.2			11.7			13.8
Foreign currency and other	28.4			0.2			5.1
Cash transactions	(28.1		)	(158.3		)	(65.0		)
Ending Balance	$	1,092.4		$	1,114.5		$	1,280.8

Dividends

There were no dividend payments to the Parent Company from the Guarantor Subsidiaries in the twelve months ended December 31, 2016, 2015, and 2014.

Parent Company Long-Term Debt

At December 31, 2016 and 2015, the Parent Company was party to various long-term financing arrangements, as summarized below (in millions):



(in millions)	Dec 31, 2016			Dec 31, 2015
5.75% Senior Notes due 2022	$	600.0		$	600.0
Subordinated Convertible Notes due 2029	429.5			429.5
Debt discount	(255.6		)	(257.8		)
Debt issuance costs	(10.6		)	(12.1		)
Other	9.0			9.0
Total Parent Company debt	772.3			768.6
Less current maturities	—			—
Parent Company Long-term debt	$	772.3		$	768.6



(in millions)	2017		2018		2019		2020		2021
Debt maturities	$	—	$	—	$	—	$	—	$	—

Long-term debt related to the Parent Company is discussed in Note 10 - Long-Term Debt.

Commitments and Contingencies

For contingencies and guarantees related to the Parent Company, refer to Note 10 - Long-Term Debt and Note 19 - Commitments and Contingencies.