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Supplemental Subsidiary Guarantors (Tables)
 3 Months Ended
Jan. 25, 2013
Supplemental Subsidiary Guarantors [Abstract]  
Supplementary Subsidiary Guarantor, Condensed Consolidated Statement of Income
Condensed Consolidating Statements of Income
Quarter ended January 25, 2013
(In thousands)
 
 
Parent
Company
 
Subsidiary
Guarantors
 
Non-Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Net sales
$
—

 
$
600,956

 
$
877,521

 
$
(328,600
)
 
$
1,149,877

Cost of sales
—

 
410,643

 
621,120

 
(258,614
)
 
773,149

Product development, selling and administrative expenses
12,802

 
74,117

 
70,362

 
—

 
157,281

Other (income) expense
—

 
9,176

 
(10,881
)
 
—

 
(1,705
)
Operating income (loss)
(12,802
)
 
107,020

 
196,920

 
(69,986
)
 
221,152

Intercompany items
31,120

 
(19,848
)
 
(35,657
)
 
24,385

 
—

Interest income (expense), net
(22,570
)
 
97

 
7,320

 
—

 
(15,153
)
Income (loss) from continuing operations before income taxes and equity
(4,252
)
 
87,269

 
168,583

 
(45,601
)
 
205,999

Provision (benefit) for income taxes
(9,276
)
 
57,046

 
16,090

 
—

 
63,860

Equity in income of subsidiaries
137,115

 
89,958

 
—

 
(227,073
)
 
—

Income from continuing operations
$
142,139

 
$
120,181

 
$
152,493

 
$
(272,674
)
 
$
142,139

Quarter ended January 27, 2012
(In thousands)
 
 
Parent
Company
 
Subsidiary
Guarantors
 
Non-Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Net sales
$
—

 
$
692,872

 
$
767,315

 
$
(323,986
)
 
$
1,136,201

Cost of sales
—

 
478,418

 
548,820

 
(254,462
)
 
772,776

Product development, selling and administrative expenses
26,995

 
80,815

 
63,546

 
—

 
171,356

Other (income) expense
—

 
7,970

 
(29,647
)
 
—

 
(21,677
)
Operating income (loss)
(26,995
)
 
125,669

 
184,596

 
(69,524
)
 
213,746

Intercompany items
14,723

 
(7,435
)
 
(32,753
)
 
25,465

 
—

Interest income (expense), net
(16,693
)
 
110

 
506

 
—

 
(16,077
)
Income (loss) from continuing operations before income taxes and equity
(28,965
)
 
118,344

 
152,349

 
(44,059
)
 
197,669

Provision (benefit) for income taxes
(13,242
)
 
47,334

 
21,058

 
—

 
55,150

Equity in income of subsidiaries
158,242

 
57,563

 
—

 
(215,805
)
 
—

Income from continuing operations
142,519

 
128,573

 
131,291

 
(259,864
)
 
142,519

Income from continuing operations attributable to noncontrolling interest
(109
)
 
—

 
(109
)
 
109

 
(109
)
Income from continuing operations attributable to Joy Global Inc.
$
142,410

 
$
128,573

 
$
131,182

 
$
(259,755
)
 
$
142,410
Supplementary Subsidiary Guarantor, Condensed Consolidated Balance Sheet
As of October 26, 2012
(In thousands)
 
 
Parent
Company
 
Subsidiary
Guarantors
 
Non-Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
ASSETS
 
 
 
 
 
 
 
 
 
Current assets
$
97,443

 
$
1,129,867

 
$
2,149,820

 
$
(221,053
)
 
$
3,156,077

Property, plant and equipment, net
12,515

 
374,324

 
446,023

 
—

 
832,862

Intangible assets, net
—

 
818,435

 
1,153,147

 
—

 
1,971,582

Other assets
4,178,760

 
2,517,019

 
1,814,876

 
(8,328,673
)
 
181,982

Total assets
$
4,288,718

 
$
4,839,645

 
$
5,563,866

 
$
(8,549,726
)
 
$
6,142,503

LIABILITIES AND SHAREHOLDERS’ EQUITY
 
 
 
 
 
 
 
 
 
Current liabilities
$
106,207

 
$
701,676

 
$
1,041,266

 
$
(81,479
)
 
$
1,767,670

Current liabilities of discontinued operations
—

 
46,693

 
(33,546
)
 
—

 
13,147

Long-term debt
1,305,413

 
1,212

 
—

 
—

 
1,306,625

Accrued pension costs
322,310

 
6,589

 
6,914

 
—

 
335,813

Other non-current liabilities
(22,401
)
 
10,205

 
154,255

 
—

 
142,059

Total liabilities
1,711,529

 
766,375

 
1,168,889

 
(81,479
)
 
3,565,314

Shareholders’ equity
2,577,189

 
4,073,270

 
4,394,977

 
(8,468,247
)
 
2,577,189

Total liabilities and shareholders’ equity
$
4,288,718

 
$
4,839,645

 
$
5,563,866

 
$
(8,549,726
)
 
$
6,142,503

Condensed Consolidating Balance Sheets:
As of January 25, 2013
(In thousands)
 
 
Parent
Company
 
Subsidiary
Guarantors
 
Non-Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
ASSETS
 
 
 
 
 
 
 
 
 
Current assets
$
136,126

 
$
1,131,131

 
$
2,074,611

 
$
(205,087
)
 
$
3,136,781

Property, plant and equipment, net
13,221

 
378,880

 
472,693

 
—

 
864,794

Intangible assets, net
—

 
816,809

 
1,169,100

 
—

 
1,985,909

Other assets
4,223,489

 
2,546,838

 
1,973,029

 
(8,554,042
)
 
189,314

Total assets
$
4,372,836

 
$
4,873,658

 
$
5,689,433

 
$
(8,759,129
)
 
$
6,176,798

LIABILITIES AND SHAREHOLDERS’ EQUITY
 
 
 
 
 
 
 
 
 
Current liabilities
$
111,417

 
$
697,086

 
$
977,042

 
$
(69,085
)
 
$
1,716,460

Long-term debt
1,293,098

 
1,102

 
—

 
—

 
1,294,200

Accrued pension costs
279,112

 
6,445

 
7,066

 
—

 
292,623

Other non-current liabilities
(23,340
)
 
10,393

 
173,913

 
—

 
160,966

Total liabilities
1,660,287

 
715,026

 
1,158,021

 
(69,085
)
 
3,464,249

Shareholders’ equity
2,712,549

 
4,158,632

 
4,531,412

 
(8,690,044
)
 
2,712,549

Total liabilities and shareholders’ equity
$
4,372,836

 
$
4,873,658

 
$
5,689,433

 
$
(8,759,129
)
 
$
6,176,798
Supplementary Subsidiary Guarantor, Condensed Consolidated Statement of Cash Flows
Condensed Consolidating Statements of Cash Flows:
Quarter ended January 25, 2013
(In thousands)
 
 
Parent
Company
 
Subsidiary
Guarantors
 
Non-Guarantor
Subsidiaries
 
Consolidated
Net cash provided by operating activities of continuing operations
$
51,491

 
$
13,630

 
$
26,944

 
$
92,065

Net cash used by operating activities of discontinued operations
—

 
—

 
(1,571
)
 
(1,571
)
Net cash provided by operating activities
51,491

 
13,630

 
25,373

 
90,494

Net cash used by investing activities
(1,449
)
 
(16,570
)
 
(33,723
)
 
(51,742
)
Net cash used by financing activities
(26,508
)
 
(104
)
 
(4,598
)
 
(31,210
)
Effect of exchange rate changes on cash and cash equivalents
—

 
—

 
(1,520
)
 
(1,520
)
Increase (decrease) in cash and cash equivalents
23,534

 
(3,044
)
 
(14,468
)
 
6,022

Cash and cash equivalents at beginning of period
3,459

 
6,628

 
253,786

 
263,873

Cash and cash equivalents at end of period
$
26,993

 
$
3,584

 
$
239,318

 
$
269,895



Quarter ended January 27, 2012
(In thousands)

 
Parent
Company
 
Subsidiary
Guarantors
 
Non-Guarantor
Subsidiaries
 
Consolidated
Net cash (used) provided by operating activities of continuing operations
$
(19,035
)
 
$
24,921

 
$
(20,030
)
 
$
(14,144
)
Net cash used by operating activities of discontinued operations
—

 
—

 
(4,363
)
 
(4,363
)
Net cash (used) provided by operating activities
(19,035
)
 
24,921

 
(24,393
)
 
(18,507
)
Investing Activities:
 
 
 
 
 
 
 
Acquisition of controlling interest in International Mining Machinery, net of cash acquired
(589,686
)
 
—

 
75,925

 
(513,761
)
Withdrawal of cash held in escrow
589,686

 
—

 
—

 
589,686

Other investing activities
(1,641
)
 
(31,635
)
 
(16,008
)
 
(49,284
)
Net cash (used) provided by investing activities
(1,641
)
 
(31,635
)
 
59,917

 
26,641

Net cash used by financing activities
(6,799
)
 
(100
)
 
(4,221
)
 
(11,120
)
Effect of exchange rate changes on cash and cash equivalents
—

 
—

 
(2,089
)
 
(2,089
)
(Decrease) increase in cash and cash equivalents
(27,475
)
 
(6,814
)
 
29,214

 
(5,075
)
Cash and cash equivalents at beginning of period
100,181

 
16,152

 
171,988

 
288,321

Cash and cash equivalents at end of period
$
72,706

 
$
9,338

 
$
201,202

 
$
283,246