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Supplemental Subsidiary Guarantors (Tables)
 6 Months Ended
Apr. 26, 2013
Supplemental Subsidiary Guarantors [Abstract]  
Supplementary Subsidiary Guarantor, Condensed Consolidated Statement of Income
Six months ended April 26, 2013
(In thousands)

 
Parent
Company
 
Subsidiary
Guarantors
 
Non-Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Net sales
$
—

 
$
1,412,321

 
$
1,781,436

 
$
(683,445
)
 
$
2,510,312

Cost of sales
—

 
983,443

 
1,249,533

 
(550,648
)
 
1,682,328

Product development, selling and administrative expenses
29,410

 
153,459

 
147,365

 
—

 
330,234

Other (income) expense
—

 
15,906

 
(17,941
)
 
—

 
(2,035
)
Operating income (loss)
(29,410
)
 
259,513

 
402,479

 
(132,797
)
 
499,785

Intercompany items
58,009

 
(43,815
)
 
(62,533
)
 
48,339

 
—

Interest income (expense), net
(32,925
)
 
544

 
2,043

 
—

 
(30,338
)
Income (loss) from continuing operations before income taxes and equity
(4,326
)
 
216,242

 
341,989

 
(84,458
)
 
469,447

Provision (benefit) for income taxes
(20,637
)
 
124,654

 
41,512

 
—

 
145,529

Equity in income of subsidiaries
307,607

 
196,610

 
—

 
(504,217
)
 
—

Income from continuing operations
$
323,918

 
$
288,198

 
$
300,477

 
$
(588,675
)
 
$
323,918


Six months ended April 27, 2012
(In thousands)

 
Parent
Company
 
Subsidiary
Guarantors
 
Non-Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Net sales
$
—

 
$
1,545,951

 
$
1,802,115

 
$
(670,805
)
 
$
2,677,261

Cost of sales
—

 
1,059,593

 
1,281,531

 
(537,659
)
 
1,803,465

Product development, selling and administrative expenses
42,659

 
164,919

 
145,811

 
—

 
353,389

Other (income) expense
—

 
12,259

 
(39,035
)
 
—

 
(26,776
)
Operating income (loss)
(42,659
)
 
309,180

 
413,808

 
(133,146
)
 
547,183

Intercompany items
32,493

 
(24,378
)
 
(54,131
)
 
46,016

 
—

Interest (expense) income, net
(34,532
)
 
171

 
1,164

 
—

 
(33,197
)
Income (loss) from continuing operations before income taxes and equity
(44,698
)
 
284,973

 
360,841

 
(87,130
)
 
513,986

Provision (benefit) for income taxes
(33,132
)
 
133,324

 
53,323

 
—

 
153,515

Equity in income of subsidiaries
372,037

 
175,403

 
—

 
(547,440
)
 
—

Income from continuing operations
360,471

 
327,052

 
307,518

 
(634,570
)
 
360,471

Income from continuing operations attributable to noncontrolling interest
(142
)
 
—

 
(142
)
 
142

 
(142
)
Income from continuing operations attributable to Joy Global Inc.
$
360,329

 
$
327,052

 
$
307,376

 
$
(634,428
)
 
$
360,329

 
Parent
Company
 
Subsidiary
Guarantors
 
Non-Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Net sales
$
—

 
$
811,365

 
$
903,915

 
$
(354,845
)
 
$
1,360,435

Cost of sales
—

 
572,800

 
628,413

 
(292,034
)
 
909,179

Product development, selling and administrative expenses
16,608

 
79,342

 
77,003

 
—

 
172,953

Other (income) expense
—

 
6,730

 
(7,060
)
 
—

 
(330
)
Operating income (loss)
(16,608
)
 
152,493

 
205,559

 
(62,811
)
 
278,633

Intercompany items
26,889

 
(23,967
)
 
(26,876
)
 
23,954

 
—

Interest income (expense), net
(10,355
)
 
447

 
(5,277
)
 
—

 
(15,185
)
Income (loss) from continuing operations before income taxes and equity
(74
)
 
128,973

 
173,406

 
(38,857
)
 
263,448

Provision (benefit) for income taxes
(11,361
)
 
67,608

 
25,422

 
—

 
81,669

Equity in income of subsidiaries
170,492

 
106,652

 
—

 
(277,144
)
 
—

Income from continuing operations
$
181,779

 
$
168,017

 
$
147,984

 
$
(316,001
)
 
$
181,779



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

 
$
837,708

 
$
1,050,171

 
$
(346,819
)
 
$
1,541,060

Cost of sales
—

 
570,244

 
743,642

 
(283,197
)
 
1,030,689

Product development, selling and administrative expenses
15,664

 
82,216

 
84,153

 
—

 
182,033

Other (income) expense
—

 
4,395

 
(9,494
)
 
—

 
(5,099
)
Operating income (loss)
(15,664
)
 
180,853

 
231,870

 
(63,622
)
 
333,437

Intercompany items
17,770

 
(16,943
)
 
(21,378
)
 
20,551

 
—

Interest (expense) income, net
(17,839
)
 
69

 
650

 
—

 
(17,120
)
Income (loss) from continuing operations before income taxes and equity
(15,733
)
 
163,979

 
211,142

 
(43,071
)
 
316,317

Provision (benefit) for income taxes
(19,890
)
 
85,957

 
32,298

 
—

 
98,365

Equity in income of subsidiaries
213,795

 
117,840

 
—

 
(331,635
)
 
—

Income from continuing operations
217,952

 
195,862

 
178,844

 
(374,706
)
 
217,952

Income from continuing operations attributable to noncontrolling interest
(33
)
 
—

 
(33
)
 
33

 
(33
)
Income from continuing operations attributable to Joy Global Inc.
$
217,919

 
$
195,862

 
$
178,811

 
$
(374,673
)
 
$
217,919
Supplementary Subsidiary Guarantor, Condensed Consolidated Balance Sheet
 
Parent
Company
 
Subsidiary
Guarantors
 
Non-Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
ASSETS
 
 
 
 
 
 
 
 
 
Current assets
$
92,611

 
$
1,058,405

 
$
2,159,368

 
$
(198,777
)
 
$
3,111,607

Property, plant and equipment, net
15,317

 
385,046

 
489,709

 
—

 
890,072

Goodwill and intangible assets, net
—

 
810,093

 
1,169,895

 
—

 
1,979,988

Other assets
4,379,517

 
2,710,655

 
1,988,420

 
(8,871,757
)
 
206,835

Total assets
$
4,487,445

 
$
4,964,199

 
$
5,807,392

 
$
(9,070,534
)
 
$
6,188,502

LIABILITIES AND SHAREHOLDERS’ EQUITY
 
 
 
 
 
 
 
 
 
Current liabilities
$
81,215

 
$
600,827

 
$
953,382

 
$
(53,305
)
 
$
1,582,119

Long-term obligations
1,308,784

 
991

 
—

 
—

 
1,309,775

Accrued pension costs
241,216

 
6,274

 
6,942

 
—

 
254,432

Other non-current liabilities
(20,783
)
 
10,305

 
175,641

 
—

 
165,163

Total liabilities
1,610,432

 
618,397

 
1,135,965

 
(53,305
)
 
3,311,489

Shareholders’ equity
2,877,013

 
4,345,802

 
4,671,427

 
(9,017,229
)
 
2,877,013

Total liabilities and shareholders’ equity
$
4,487,445

 
$
4,964,199

 
$
5,807,392

 
$
(9,070,534
)
 
$
6,188,502



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

Goodwill and 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 obligations
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
Supplementary Subsidiary Guarantor, Condensed Consolidated Statement of Cash Flows
Condensed Consolidating Statements of Cash Flows:
Six months ended April 26, 2013
(In thousands)
 
 
Parent
Company
 
Subsidiary
Guarantors
 
Non-Guarantor
Subsidiaries
 
Consolidated
Net cash provided by operating activities of continuing operations
$
26,790

 
$
22,991

 
$
43,494

 
$
93,275

Net cash used by operating activities of discontinued operations
—

 
(2,372
)
 
—

 
(2,372
)
Net cash provided by operating activities
26,790

 
20,619

 
43,494

 
90,903

Net cash used by investing activities
(2,878
)
 
(23,313
)
 
(58,693
)
 
(84,884
)
Net cash used by financing activities
(27,202
)
 
(209
)
 
(5,575
)
 
(32,986
)
Effect of exchange rate changes on cash and cash equivalents
—

 
—

 
(2,031
)
 
(2,031
)
Decrease in cash and cash equivalents
(3,290
)
 
(2,903
)
 
(22,805
)
 
(28,998
)
Cash and cash equivalents at beginning of period
3,459

 
6,628

 
253,786

 
263,873

Cash and cash equivalents at end of period
$
169

 
$
3,725

 
$
230,981

 
$
234,875



Six months ended April 27, 2012
(In thousands)

 
Parent
Company
 
Subsidiary
Guarantors
 
Non-Guarantor
Subsidiaries
 
Consolidated
Net cash provided (used) by operating activities of continuing operations
$
(60,722
)
 
$
72,552

 
$
84,617

 
$
96,447

Net cash used by operating activities of discontinued operations
—

 
(10,158
)
 
—

 
(10,158
)
Net cash provided (used) by operating activities
(60,722
)
 
62,394

 
84,617

 
86,289

Investing Activities:
 
 
 
 
 
 
 
Acquisition of controlling interest in International Mining Machinery, net of cash acquired
(1,012,361
)
 
—

 
72,912

 
(939,449
)
Withdrawal of cash held in escrow
849,700

 
—

 
—

 
849,700

Other investing activities
(3,166
)
 
(65,757
)
 
(43,620
)
 
(112,543
)
Net cash (used) provided by investing activities
(165,827
)
 
(65,757
)
 
29,292

 
(202,292
)
Net cash provided (used) by financing activities
226,659

 
(199
)
 
(4,773
)
 
221,687

Effect of exchange rate changes on cash and cash equivalents
—

 
—

 
(3,028
)
 
(3,028
)
Increase (decrease) in cash and cash equivalents
110

 
(3,562
)
 
106,108

 
102,656

Cash and cash equivalents at beginning of period
100,181

 
16,152

 
171,988

 
288,321

Cash and cash equivalents at end of period
$
100,291

 
$
12,590

 
$
278,096

 
$
390,977