Summarized Financial Information of Anixter, Inc.

6 Months Ended

Jul. 01, 2011

Summarized Financial Information of Anixter, Inc. [Abstract]

SUMMARIZED FINANCIAL INFORMATION OF ANIXTER INC

NOTE 9. SUMMARIZED FINANCIAL INFORMATION OF ANIXTER INC.

     The Company guarantees, fully and unconditionally, substantially all of the debt of its subsidiaries, which include Anixter Inc. The Company has no independent assets or operations and all subsidiaries other than Anixter Inc. are minor. The following summarizes the financial information for Anixter Inc. (in millions):

ANIXTER INC.
CONDENSED CONSOLIDATED BALANCE SHEETS

	July 1,		December 31,
	2011		2010
	(Unaudited)
Assets:
Current assets	$	2,558.2	$	2,284.3
Property, equipment and capital leases, net		104.0		99.8
Goodwill		375.9		374.3
Other assets		180.6		191.3
	$	3,218.7	$	2,949.7
Liabilities and Stockholder’s Equity:
Current liabilities	$	983.7	$	1,067.4
Subordinated notes payable to parent		9.5		8.5
Long-term debt		691.3		394.4
Other liabilities		134.8		160.6
Stockholder’s equity		1,399.4		1,318.8
	$	3,218.7	$	2,949.7

ANIXTER INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)

	Three Months Ended				Six Months Ended
	July 1,		July 2,		July 1,		July 2,
	2011		2010		2011		2010
Net sales	$	1,612.8	$	1,367.2	$	3,130.3	$	2,639.8
Operating income	$	99.2	$	71.8	$	183.6	$	130.3
Income before income taxes	$	89.4	$	63.2	$	166.3	$	79.5
Net income	$	54.9	$	40.1	$	103.8	$	52.5