Guarantors (Tables)

9 Months Ended

Jul. 31, 2015

Condensed Consolidating Balance Sheet as of July 31, 2015.

In Thousands										Non-
				TA Mfg.			Guarantor			Guarantor
	Parent			Ltd.			Subsidiaries			Subsidiaries		Eliminations			Total
ASSETS

Current Assets
Cash and cash equivalents	$	16,454		$	995		$	1,376		$	168,857	$	-		$	187,682
Accounts receivable, net		33			-			136,624			237,042		-			373,699
Inventories		-			-			193,345			276,355		-			469,700
Income tax refundable		-			-			-			17,515		-			17,515
Deferred income tax benefits		29,330			-			(14,519	)		22,134		-			36,945
Prepaid expenses		93			-			7,648			13,666		-			21,407
Other current assets		74			-			111			17,011		-			17,196
Current assets of businesses held for sale		-			-			-			14,398		-			14,398
Total Current Assets		45,984			995			324,585			766,978		-			1,138,542

Property, Plant & Equipment, Net		1,992			-			158,658			145,741		-			306,391
Goodwill		-			-			372,021			668,422		-			1,040,443
Intangibles, net		-			-			109,929			350,039		-			459,968
Debt issuance costs, net		5,380			5,655			-			-		-			11,035
Deferred income tax benefits		18,659			-			14,670			42,283		-			75,612
Other assets		281			-			10,386			11,436		-			22,103
Non-current assets of businesses held for sale		-			-			5,262			26,296		-			31,558
Amounts Due From (To) Subsidiaries		-			353,831			817,896			-		(1,171,727	)		-
Investment in Subsidiaries		3,098,201			653,386			1,009,069			14,644		(4,775,300	)		-
Total Assets	$	3,170,497		$	1,013,867		$	2,822,476		$	2,025,839	$	(5,947,027	)	$	3,085,652

LIABILITIES AND SHAREHOLDERS' EQUITY

Current Liabilities
Accounts payable	$	2,846		$	-		$	36,884		$	71,685	$	-		$	111,415
Accrued liabilities		19,441			4,124			80,197			163,624		-			267,386
Current maturities of long-term debt		-			-			898			116		-			1,014
Deferred income tax liabilities		15,159			-			(14,669	)		2,503		-			2,993
Federal and foreign income taxes		(9,624	)		(51	)		(5,165	)		18,693		-			3,853
Current liabilities of businesses held for sale		-			-			-			8,885		-			8,885
Total Current Liabilities		27,822			4,073			98,145			265,506		-			395,546

Credit Facilities		170,000			-			-			30,000		-			200,000
Long-Term Debt, Net		250,000			362,472			56,976			43,361		-			712,809
Deferred Income Tax Liabilities		24,867			-			14,658			93,974		-			133,499
Pension and Post-Retirement Obligations		18,591			-			754			37,413		-			56,758
Other Liabilities		14,134			-			194			16,184		-			30,512
Non-current liabilities of businesses held for sale		-			-			-			1,859		-			1,859
Amounts Due To (From) Subsidiaries		1,110,414			-			-			398,562		(1,508,976	)		-
Shareholders' Equity		1,554,669			647,322			2,651,749			1,138,980		(4,438,051	)		1,554,669
Total Liabilities and Shareholders' Equity	$	3,170,497		$	1,013,867		$	2,822,476		$	2,025,839	$	(5,947,027	)	$	3,085,652

Condensed Consolidating Balance Sheet as of October 31, 2014.

In Thousands									Non-
				TA Mfg.		Guarantor			Guarantor
	Parent			Ltd.		Subsidiaries			Subsidiaries		Eliminations			Total
ASSETS

Current Assets
Cash and cash equivalents	$	14,634		$	-	$	3,454		$	220,056	$	-		$	238,144
Accounts receivable, net		610			-		143,158			236,121		-			379,889
Inventories		-			-		188,982			244,613		-			433,595
Income tax refundable		-			-		-			5,266		-			5,266
Deferred income tax benefits		31,486			-		(1,191	)		18,384		-			48,679
Prepaid expenses		147			-		6,703			13,486		-			20,336
Other current assets		80			-		114			1,955		-			2,149
Current assets of businesses held for sale		-			-		26,800			14,646		-			41,446
Total Current Assets		46,957			-		368,020			754,527		-			1,169,504

Property, Plant & Equipment, Net		1,489			-		158,089			159,764		-			319,342
Goodwill		-			-		347,700			724,086		-			1,071,786
Intangibles, net		-			-		106,164			365,213		-			471,377
Debt issuance costs, net		4,134			-		-			161		-			4,295
Deferred income tax benefits		20,455			-		30			50,822		-			71,307
Other assets		130			-		7,502			6,547		-			14,179
Non-current assets of businesses held for sale		-			-		40,737			30,940		-			71,677
Amounts Due From (To) Subsidiaries		-			-		797,342			-		(797,342	)		-
Investment in Subsidiaries		3,307,454			-		1,127,237			20,768		(4,455,459	)		-
Total Assets	$	3,380,619		$	-	$	2,952,821		$	2,112,828	$	(5,252,801	)	$	3,193,467


LIABILITIES AND SHAREHOLDERS' EQUITY

Current Liabilities
Accounts payable	$	1,751		$	-	$	36,905		$	76,628	$	-		$	115,284
Accrued liabilities		20,178			-		93,168			149,190		-			262,536
Current maturities of long-term debt		8,750			-		349			3,675		-			12,774
Deferred income tax liabilities		76			-		8			1,689		-			1,773
Federal and foreign income taxes		(2,282	)		-		(2,643	)		6,496		-			1,571
Current liabilities of businesses held for sale		-			-		4,010			10,181		-			14,191
Total Current Liabilities		28,473			-		131,797			247,859		-			408,129

Credit Facilities		100,000			-		-			-		-			100,000
Long-Term Debt, Net		403,125			-		55,176			51,419		-			509,720
Deferred Income Tax Liabilities		58,615			-		(17,333	)		107,883		-			149,165
Pension and Post-Retirement Obligations		18,683			-		1,226			42,784		-			62,693
Other Liabilities		16,762			-		3,944			26,178		-			46,884
Non-current liabilities of businesses held for sale		-			-		17,327			1,549		-			18,876
Amounts Due To (From) Subsidiaries		856,961			-		-			456,861		(1,313,822	)		-
Shareholders' Equity		1,898,000			-		2,760,684			1,178,295		(3,938,979	)		1,898,000
Total Liabilities and Shareholders' Equity	$	3,380,619		$	-	$	2,952,821		$	2,112,828	$	(5,252,801	)	$	3,193,467

Condensed Consolidating Statement of Operations and Comprehensive Income (Loss)

Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) for the three month period ended July 31, 2015.

In Thousands										Non-
				TA Mfg.			Guarantor			Guarantor
	Parent			Ltd.			Subsidiaries			Subsidiaries			Eliminations			Total

Net sales	$	-		$	-		$	225,105		$	272,137		$	(1,025	)	$	496,217
Cost of sales		-			-			147,206			180,240			(1,025	)		326,421
		-			-			77,899			91,897			-			169,796
Expenses
Selling, general and administrative		-			55			38,794			53,119			-			91,968
Research, development & engineering		-			-			10,158			19,087			-			29,245
Restructuring charges		-			-			1,228			175			-			1,403
Other (income) expense		-			-			-			-			-			-
Total Expenses		-			55			50,180			72,381			-			122,616

Operating Earnings from Continuing Operations		-			(55	)		27,719			19,516			-			47,180
Interest Income		(3,928	)		(3,401	)		(3,766	)		(7,597	)		18,548			(144	)
Interest Expense		8,790			3,500			8,838			8,038			(18,548	)		10,618
Loss on Extinguishment of Debt		(122	)		-			-			122			-			-
Earnings (Loss) from Continuing Operations Before Income Taxes		(4,740	)		(154	)		22,647			18,953			-			36,706
Income Tax Expense (Benefit)		(943	)		(31	)		3,678			3,701			-			6,405
Earnings (Loss) from Continuing Operations Including Noncontrolling Interests		(3,797	)		(123	)		18,969			15,252			-			30,301
Earnings Attributable to Noncontrolling Interests		-			-			-			(111	)		-			(111	)
Earnings (Loss) from Continuing Operations Attributable to Esterline, Net of Tax		(3,797	)		(123	)		18,969			15,141			-			30,190
Loss from Discontinued Operations Attributable to Esterline, Net of Tax		(541	)		-			63			(1,215	)		-			(1,693	)
Equity in Net Earnings of Consolidated Subsidiaries		32,835			10,457			27			-			(43,319	)		-

Net Earnings (Loss) Attributable to Esterline	$	28,497		$	10,334		$	19,059		$	13,926		$	(43,319	)	$	28,497

Comprehensive Income (Loss)	$	(1,797	)	$	14,871		$	19,728		$	(4,972	)	$	(28,820	)	$	(990	)

Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) for the nine month period ended July 31, 2015.

In Thousands										Non-
				TA Mfg.			Guarantor			Guarantor
	Parent			Ltd.			Subsidiaries			Subsidiaries			Eliminations			Total

Net sales	$	-		$	-		$	668,970		$	776,796		$	(3,125	)	$	1,442,641
Cost of sales		-			-			440,583			526,386			(3,125	)		963,844
		-			-			228,387			250,410			-			478,797
Expenses
Selling, general and administrative		-			71			113,087			173,208			-			286,366
Research, development & engineering		-			-			32,455			46,245			-			78,700
Restructuring charges		-			-			4,588			787			-			5,375
Other (income) expense		-			-			-			(12,744	)		-			(12,744	)
Total Expenses		-			71			150,130			207,496			-			357,697

Operating Earnings from Continuing Operations		-			(71	)		78,257			42,914			-			121,100
Interest Income		(11,922	)		(4,261	)		(18,232	)		(23,485	)		57,453			(447	)
Interest Expense		21,991			4,389			33,633			22,463			(57,453	)		25,023
Loss on Extinguishment of Debt		207			-			-			122			-			329
Earnings (Loss) from Continuing Operations Before Income Taxes		(10,276	)		(199	)		62,856			43,814			-			96,195
Income Tax Expense (Benefit)		(2,052	)		(40	)		10,625			10,564			-			19,097
Earnings (Loss) from Continuing Operations Including Noncontrolling Interests		(8,224	)		(159	)		52,231			33,250			-			77,098
Earnings Attributable to Noncontrolling Interests		-			-			-			(218	)		-			(218	)
Earnings (Loss) from Continuing Operations Attributable to Esterline, Net of Tax		(8,224	)		(159	)		52,231			33,032			-			76,880
Loss from Discontinued Operations Attributable to Esterline, Net of Tax		(1,315	)		-			(9,592	)		(9,347	)		-			(20,254	)
Equity in Net Earnings of Consolidated Subsidiaries		66,165			31,991			140			-			(98,296	)		-

Net Earnings (Loss) Attributable to Esterline	$	56,626		$	31,832		$	42,779		$	23,685		$	(98,296	)	$	56,626

Comprehensive Income (Loss)	$	(95,254	)	$	25,408		$	43,723		$	(109,270	)	$	27,761		$	(107,632	)

Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) for the three month period ended August 1, 2014.

In Thousands									Non-
				TA Mfg.		Guarantor			Guarantor
	Parent			Ltd.		Subsidiaries			Subsidiaries			Eliminations			Total

Net sales	$	-		$	-	$	239,134		$	268,860		$	(1,685	)	$	506,309
Cost of sales		-			-		150,139			180,768			(1,685	)		329,222
		-			-		88,995			88,092			-			177,087
Expenses
Selling, general and administrative		-			-		33,454			55,430			-			88,884
Research, development & engineering		-			-		10,932			13,327			-			24,259
Restructuring charges		-			-		2,577			828			-			3,405
Other (income) expense		-			-		-			-			-			-
Total Expenses		-			-		46,963			69,585			-			116,548

Operating Earnings from Continuing Operations		-			-		42,032			18,507			-			60,539
Interest Income		(3,837	)		-		(1,948	)		(13,931	)		19,571			(145	)
Interest Expense		5,777			-		6,832			14,827			(19,571	)		7,865
Loss on Extinguishment of Debt		-			-		-			533			-			533
Earnings (Loss) from Continuing Operations Before Income Taxes		(1,940	)		-		37,148			17,078			-			52,286
Income Tax Expense (Benefit)		(466	)		-		8,449			4,420			-			12,403
Earnings (Loss) from Continuing Operations Including Noncontrolling Interests		(1,474	)		-		28,699			12,658			-			39,883
Earnings Attributable to Noncontrolling Interests		-			-		-			(46	)		-			(46	)
Earnings (Loss) from Continuing Operations Attributable to Esterline, Net of Tax		(1,474	)		-		28,699			12,612			-			39,837
Loss from Discontinued Operations Attributable to Esterline, Net of Tax		-			-		(787	)		(142	)		-			(929	)
Equity in Net Earnings of Consolidated Subsidiaries		40,382			-		883			114			(41,379	)		-

Net Earnings (Loss) Attributable to Esterline	$	38,908		$	-	$	28,795		$	12,584		$	(41,379	)	$	38,908

Comprehensive Income (Loss)	$	15,707		$	-	$	26,224		$	(9,163	)	$	(16,289	)	$	16,479

Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) for the nine month period ended August 1, 2014.

In Thousands									Non-
				TA Mfg.		Guarantor			Guarantor
	Parent			Ltd.		Subsidiaries			Subsidiaries			Eliminations			Total

Net sales	$	-		$	-	$	702,424		$	804,889		$	(4,203	)	$	1,503,110
Cost of sales		-			-		446,042			534,224			(4,203	)		976,063
		-			-		256,382			270,665			-			527,047
Expenses
Selling, general and administrative		-			-		107,162			162,889			-			270,051
Research, development & engineering		-			-		35,245			40,196			-			75,441
Restructuring charges		-			-		6,898			3,381			-			10,279
Other (income) expense		-			-		-			-			-			-
Total Expenses		-			-		149,305			206,466			-			355,771

Operating Earnings from Continuing Operations		-			-		107,077			64,199			-			171,276
Interest Income		(11,588	)		-		(5,886	)		(42,303	)		59,377			(400	)
Interest Expense		18,350			-		20,619			45,332			(59,377	)		24,924
Loss on Extinguishment of Debt		-			-		-			533			-			533
Earnings (Loss) from Continuing Operations Before Income Taxes		(6,762	)		-		92,344			60,637			-			146,219
Income Tax Expense (Benefit)		(1,462	)		-		20,686			12,191			-			31,415
Earnings (Loss) from Continuing Operations Including Noncontrolling Interests		(5,300	)		-		71,658			48,446			-			114,804
Earnings Attributable to Noncontrolling Interests		-			-		-			(429	)		-			(429	)
Earnings (Loss) from Continuing Operations Attributable to Esterline, Net of Tax		(5,300	)		-		71,658			48,017			-			114,375
Loss from Discontinued Operations Attributable to Esterline, Net of Tax		(343	)		-		(3,645	)		(4,497	)		-			(8,485	)
Equity in Net Earnings of Consolidated Subsidiaries		111,533			-		2,117			1,434			(115,084	)		-

Net Earnings (Loss) Attributable to Esterline	$	105,890		$	-	$	70,130		$	44,954		$	(115,084	)	$	105,890

Comprehensive Income (Loss)	$	88,374		$	-	$	68,693		$	35,471		$	(106,376	)	$	86,162

Condensed Consolidating Statement of Cash Flows

Condensed Consolidating Statement of Cash Flows for the nine month period ended July 31, 2015.

In Thousands										Non-
				TA Mfg.			Guarantor			Guarantor
	Parent			Ltd.			Subsidiaries			Subsidiaries			Eliminations			Total

Cash Flows Provided (Used) by Operating Activities
Net earnings (loss) including noncontrolling interests	$	56,844		$	31,832		$	42,779		$	23,685		$	(98,296	)	$	56,844
Depreciation & amortization		-			-			28,339			48,971			-			77,310
Deferred income taxes		(17,829	)		-			16,243			(7,747	)		-			(9,333	)
Share-based compensation		-			5			3,722			4,891			-			8,618
Gain on release of non-income tax liability		-			-			-			(15,656	)		-			(15,656	)
Loss on assets held for sale		-			-			10,842			6,121			-			16,963
Working capital changes, net of effect of acquisitions:
Accounts receivable		577			-			8,228			9,138			-			17,943
Inventories		-			-			(5,268	)		(13,045	)		-			(18,313	)
Prepaid expenses		54			-			(918	)		(1,724	)		-			(2,588	)
Other current assets		6			-			3			133			-			142
Accounts payable		1,095			-			(4,430	)		(13,474	)		-			(16,809	)
Accrued liabilities		(2,286	)		-			(12,976	)		8,073			-			(7,189	)
Federal and foreign income taxes		(7,342	)		(51	)		(2,522	)		1,414			-			(8,501	)
Other liabilities		3,608			-			(528	)		163			-			3,243
Other, net		(28,400	)		-			(42,771	)		72,697			-			1,526
		6,327			31,786			40,743			123,640			(98,296	)		104,200

Cash Flows Provided (Used) by Investing Activities
Purchases of capital assets		(804	)		-			(14,480	)		(22,493	)		-			(37,777	)
Proceeds from sale of discontinued operations		-			-			32,053			-			-			32,053
Acquisition of businesses, net of cash acquired		-			-			-			(171,070	)		-			(171,070	)
		(804	)		-			17,573			(193,563	)		-			(176,794	)

In Thousands										Non-
				TA Mfg.			Guarantor			Guarantor
	Parent			Ltd.			Subsidiaries			Subsidiaries			Eliminations		Total

Cash Flows Provided (Used) by Financing Activities
Proceeds provided by stock issuance under employee stock plans		13,477			-			-			-			-		13,477
Excess tax benefits from stock option exercises		1,877			-			-			-			-		1,877
Shares repurchased		(259,518	)		-			-			-			-		(259,518	)
Repayment of long-term credit facilities		(235,000	)		-			-			-			-		(235,000	)
Repayment of long-term debt		(161,875	)		-			(416	)		(4,774	)		-		(167,065	)
Proceeds from issuance of long-term credit facilities		305,000			-			-			30,000			-		335,000
Proceeds from issuance of long-term debt		-			356,532			-			-			-		356,532
Proceeds from government assistance		-			-			-			3,054			-		3,054
Dividends paid to noncontrolling interests		-			-			-			-			-		-
Debt and other issuance costs		(2,333	)		(5,880	)		-			-			-		(8,213	)
Net change in intercompany financing		333,610			(380,925	)		(60,805	)		9,824			98,296		-
		(4,762	)		(30,273	)		(61,221	)		38,104			98,296		40,144

Effect of Foreign Exchange Rates on Cash and Cash Equivalents		1,059			(518	)		827			(19,380	)		-		(18,012	)

Net Increase (Decrease) in Cash and Cash Equivalents		1,820			995			(2,078	)		(51,199	)		-		(50,462	)
Cash and Cash Equivalents - Beginning of Year		14,634			-			3,454			220,056			-		238,144

Cash and Cash Equivalents - End of Period	$	16,454		$	995		$	1,376		$	168,857		$	-	$	187,682

Condensed Consolidating Statement of Cash Flows for the nine month period ended August 1, 2014.

In Thousands									Non-
				TA Mfg.		Guarantor			Guarantor
	Parent			Ltd.		Subsidiaries			Subsidiaries			Eliminations			Total

Cash Flows Provided (Used) by Operating Activities
Net earnings (loss) including noncontrolling interests	$	106,319		$	-	$	70,130		$	44,954		$	(115,084	)	$	106,319
Depreciation & amortization		-			-		32,336			55,107			-			87,443
Deferred income taxes		(4,971	)		-		(2	)		(8,131	)		-			(13,104	)
Share-based compensation		-			-		4,248			5,585			-			9,833
Gain on release of non-income tax liability		-			-		-			-			-			-
Loss on assets held for sale		-			-		-			-			-			-
Working capital changes, net of effect of acquisitions:
Accounts receivable		528			-		13,887			9,065			-			23,480
Inventories		-			-		(17,289	)		(25,122	)		-			(42,411	)
Prepaid expenses		(52	)		-		(1,913	)		(4,237	)		-			(6,202	)
Other current assets		2			-		(1	)		(100	)		-			(99	)
Accounts payable		117			-		3,585			(8,210	)		-			(4,508	)
Accrued liabilities		(10,486	)		-		(1,534	)		(4,438	)		-			(16,458	)
Federal and foreign income taxes		(4,462	)		-		21,809			(25,330	)		-			(7,983	)
Other liabilities		5,415			-		95			(6,950	)		-			(1,440	)
Other, net		(497	)		-		(10,962	)		11,304			-			(155	)
		91,913			-		114,389			43,497			(115,084	)		134,715

Cash Flows Provided (Used) by Investing Activities
Purchases of capital assets		(186	)		-		(11,748	)		(23,075	)		-			(35,009	)
Proceeds from sale of discontinued operations		-			-		-			-			-			-
Acquisition of businesses, net of cash acquired		-			-		(44,745	)		-			-			(44,745	)
		(186	)		-		(56,493	)		(23,075	)		-			(79,754	)

In Thousands									Non-
				TA Mfg.		Guarantor			Guarantor
	Parent			Ltd.		Subsidiaries			Subsidiaries			Eliminations		Total

Cash Flows Provided (Used) by Financing Activities
Proceeds provided by stock issuance under employee stock plans		23,173			-		-			-			-		23,173
Excess tax benefits from stock option exercises		6,392			-		-			-			-		6,392
Shares repurchased		(5,176	)		-		-			-			-		(5,176	)
Repayment of long-term credit facilities		(40,000	)		-		-			-			-		(40,000	)
Repayment of long-term debt		(6,562	)		-		(245	)		(27,269	)		-		(34,076	)
Proceeds from issuance of long-term credit facilities		25,000			-		-			-			-		25,000
Proceeds from issuance of long-term debt		-			-		-			-			-		-
Proceeds from government assistance		-			-		-			3,362			-		3,362
Dividends paid to noncontrolling interests		-			-		-			(780	)		-		(780	)
Debt and other issuance costs		-			-		-			-			-		-
Net change in intercompany financing		(98,319	)		-		(56,888	)		40,123			115,084		-
		(95,492	)		-		(57,133	)		15,436			115,084		(22,105	)

Effect of Foreign Exchange Rates on Cash and Cash Equivalents		(22	)		-		(22	)		(1,534	)		-		(1,578	)

Net Increase (Decrease) in Cash and Cash Equivalents		(3,787	)		-		741			34,324			-		31,278
Cash and Cash Equivalents - Beginning of Year		7,826			-		4,876			166,476			-		179,178

Cash and Cash Equivalents - End of Period	$	4,039		$	-	$	5,617		$	200,800		$	-	$	210,456