Subsidiary Guarantors for 2036 Notes

The following tables present condensed consolidated financial information as of January 29, 2016 and October 30, 2015 and for the quarters ended January 29, 2016 and January 30, 2015 for: (a) the Company; (b) on a combined basis, the guarantors of the 2036 Notes issued in November 2006, which include Joy Global Underground Mining LLC, Joy Global Surface Mining Inc, N.E.S. Investment Co., Joy Global Conveyors Inc., Joy Global Longview Operations LLC and certain immaterial wholly owned subsidiaries of Joy Global Longview Operations LLC (the "Supplemental Subsidiary Guarantors"); and (c) on a combined basis, the non-guarantors, which include all of our foreign subsidiaries and a number of small domestic subsidiaries (the "Supplemental Non-Guarantor Subsidiaries"). In prior periods these entities were defined as the Subsidiary Guarantors and the Non-Guarantor Subsidiaries, respectively. However in light of the fact that this group of guarantors relates only to the 2036 Notes and not to our more recent debt arrangements, we have determined that it is more appropriate to designate this group of guarantors with the Supplemental classification.

The borrowings are fully and unconditionally guaranteed on a joint and several unsecured basis by the Supplemental Subsidiary Guarantors, which are direct and indirect 100% owned subsidiaries of the Company. We conduct all of our business and derive essentially all of our income from our subsidiaries. Therefore, our ability to make payments on the obligations is dependent on the earnings and distribution of funds from our subsidiaries. There are no restrictions on the ability of any of our domestic subsidiaries to transfer funds to the parent company. Separate financial statements of the Supplemental Subsidiary Guarantors are not presented because we believe such separate statements or disclosures would not be useful to investors.

Condensed Consolidating Statement of Operations Quarter ended January 29, 2016

In thousands	Parent Company			Supplemental Subsidiary Guarantors			Supplemental Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	265,429		$	388,918		$	(128,047	)	$	526,300
Cost of sales	—			234,709			307,630			(104,083		)	438,256
Product development, selling and administrative expenses	7,380			40,680			62,353			—			110,413
Restructuring expenses	395			20,016			6,248			—			26,659
Other income	—			(698		)	(3,243		)	—			(3,941		)
Operating (loss) income	(7,775		)	(29,278		)	15,930			(23,964		)	(45,087		)
Intercompany items	15,148			(47,734		)	(6,071		)	38,657			—
Interest (expense) income, net	(12,720		)	248			356			—			(12,116		)
(Loss) income before income taxes and equity in income of subsidiaries	(5,347		)	(76,764		)	10,215			14,693			(57,203		)
(Benefit) provision for income taxes	(11,505		)	150			(5,627		)	—			(16,982		)
Equity in (loss) income of subsidiaries	(46,379		)	17,493			—			28,886			—
Net (loss) income	$	(40,221	)	$	(59,421	)	$	15,842		$	43,579		$	(40,221	)

Comprehensive loss	$	(72,584	)	$	(60,701	)	$	(15,434	)	$	76,135		$	(72,584	)

Condensed Consolidating Statement of Operations Quarter ended January 30, 2015

In thousands	Parent Company			Supplemental Subsidiary Guarantors			Supplemental Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	441,075		$	473,089		$	(210,291	)	$	703,873
Cost of sales	(3,177		)	321,204			362,940			(163,398		)	517,569
Product development, selling and administrative expenses	11,792			49,377			69,225			—			130,394
Restructuring expenses	—			219			446			—			665
Other (income) expense	—			4,637			(7,850		)	—			(3,213		)
Operating income (loss)	(8,615		)	65,638			48,328			(46,893		)	58,458
Intercompany items	16,770			(23,708		)	(6,040		)	12,978			—
Interest (expense) income, net	(15,598		)	1,634			1,007			—			(12,957		)
Income (loss) before income taxes and equity in income of subsidiaries	(7,443		)	43,564			43,295			(33,915		)	45,501
Provision (benefit) for income taxes	20,313			2,996			(8,333		)	—			14,976
Equity in income of subsidiaries	58,281			1,841			—			(60,122		)	—
Net income	$	30,525		$	42,409		$	51,628		$	(94,037	)	$	30,525

Comprehensive (loss) income	$	(86,474	)	$	41,000		$	(62,456	)	$	21,456		$	(86,474	)

Condensed Consolidating Balance Sheet As of January 29, 2016

In thousands	Parent Company		Supplemental Subsidiary Guarantors		Supplemental Non-Guarantor Subsidiaries		Eliminations			Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	21,242	$	2,567	$	116,124	$	—		$	139,933
Accounts receivable, net	—		177,562		485,295		(11,926		)	650,931
Inventories	—		482,262		568,718		(88,317		)	962,663
Other current assets	24,035		15,953		70,891		—			110,879
Total current assets	45,277		678,344		1,241,028		(100,243		)	1,864,406
Property, plant and equipment, net	20,632		280,034		456,798		(5,016		)	752,448
Other assets:
Other intangible assets, net	—		203,219		46,459		—			249,678
Goodwill	—		346,348		8,279		—			354,627
Deferred income taxes	92,648		—		56,993		—			149,641
Other non-current assets	2,591,311		2,049,573		1,685,949		(6,216,899		)	109,934
Total other assets	2,683,959		2,599,140		1,797,680		(6,216,899		)	863,880
Total assets	$	2,749,868	$	3,557,518	$	3,495,506	$	(6,322,158	)	$	3,480,734
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Short-term borrowings, including current portion of long-term obligations	$	23,438	$	—	$	6,094	$	—		$	29,532
Trade accounts payable	3,059		78,279		135,070		—			216,408
Employee compensation and benefits	8,251		28,486		42,006		—			78,743
Advance payments and progress billings	—		100,974		148,857		(14,323		)	235,508
Accrued warranties	—		19,521		30,997		—			50,518
Other accrued liabilities	86,823		57,066		78,334		(10,855		)	211,368
Current liabilities of discontinued operations	—		11,582		—		—			11,582
Total current liabilities	121,571		295,908		441,358		(25,178		)	833,659
Long-term obligations	992,732		—		8		—			992,740
Other liabilities:
Liabilities for postretirement benefits	17,296		—		—		—			17,296
Accrued pension costs	178,513		—		—		—			178,513
Other non-current liabilities	95,338		8,068		10,702		—			114,108
Total other liabilities	291,147		8,068		10,702		—			309,917
Shareholders’ equity	1,344,418		3,253,542		3,043,438		(6,296,980		)	1,344,418
Total liabilities and shareholders’ equity	$	2,749,868	$	3,557,518	$	3,495,506	$	(6,322,158	)	$	3,480,734

Condensed Consolidating Balance Sheet As of October 30, 2015

In thousands	Parent Company		Supplemental Subsidiary Guarantors		Supplemental Non-Guarantor Subsidiaries		Eliminations			Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	581	$	2,008	$	100,296	$	—		$	102,885
Accounts receivable, net	—		214,381		597,826		(134		)	812,073
Inventories	—		508,774		607,461		(108,310		)	1,007,925
Other current assets	58,441		15,610		71,508		—			145,559
Total current assets	59,022		740,773		1,377,091		(108,444		)	2,068,442
Property, plant and equipment, net	21,318		297,476		478,253		(5,015		)	792,032
Other assets:
Other intangible assets, net	—		207,891		47,819		—			255,710
Goodwill	—		346,348		8,273		—			354,621
Deferred income taxes	49,660		—		69,253		—			118,913
Other non-current assets	2,740,518		2,078,294		2,517,110		(7,213,194		)	122,728
Total other assets	2,790,178		2,632,533		2,642,455		(7,213,194		)	851,972
Total assets	$	2,870,518	$	3,670,782	$	4,497,799	$	(7,326,653	)	$	3,712,446
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Short-term borrowings, including current portion of long-term obligations	$	18,750	$	—	$	7,571	$	—		$	26,321
Trade accounts payable	3,342		96,891		175,556		—			275,789
Employee compensation and benefits	5,843		36,527		47,965		—			90,335
Advance payments and progress billings	—		100,312		149,795		(20,637		)	229,470
Accrued warranties	—		19,027		33,119		—			52,146
Other accrued liabilities	76,650		60,228		100,660		(12,261		)	225,277
Current liabilities of discontinued operations	—		11,582		—		—			11,582
Total current liabilities	104,585		324,567		514,666		(32,898		)	910,920
Long-term obligations	1,060,598		—		45		—			1,060,643
Other liabilities:
Liabilities for postretirement benefits	18,662		878		—		—			19,540
Accrued pension costs	159,594		8,406		7,699		—			175,699
Other non-current liabilities	81,595		8,325		35,715		—			125,635
Total other liabilities	259,851		17,609		43,414		—			320,874
Shareholders’ equity	1,445,484		3,328,606		3,939,674		(7,293,755		)	1,420,009
Total liabilities and shareholders’ equity	$	2,870,518	$	3,670,782	$	4,497,799	$	(7,326,653	)	$	3,712,446

Condensed Consolidating Statement of Cash Flows Quarter ended January 29, 2016

In thousands	Parent Company			Supplemental Subsidiary Guarantors			Supplemental Non-Guarantor Subsidiaries			Consolidated
Operating Activities:
Net cash provided (used) by operating activities	$	86,203		$	(4,564	)	$	26,950		$	108,589
Investing Activities:
Property, plant and equipment acquired	(240		)	(1,666		)	(6,197		)	(8,103		)
Proceeds from sale of property, plant and equipment	—			6,789			2,378			9,167
Other investing activities, net	(7		)	—			129			122
Net cash provided (used) by investing activities	(247		)	5,123			(3,690		)	1,186
Financing Activities:
Dividends paid	(997		)	—			—			(997		)
Repayments of term loan	(4,687		)	—			—			(4,687		)
Payments on credit agreement	(58,600		)	—			—			(58,600		)
Repayments of short-term debt	—			—			(1,507		)	(1,507		)
Financing fees	(1,011		)	—			—			(1,011		)
Net cash used by financing activities	(65,295		)	—			(1,507		)	(66,802		)
Effect of Exchange Rate Changes on Cash and Cash Equivalents	—			—			(5,925		)	(5,925		)
Increase (Decrease) in Cash and Cash Equivalents	20,661			559			15,828			37,048
Cash and Cash Equivalents at Beginning of Period	581			2,008			100,296			102,885
Cash and Cash Equivalents at End of Period	$	21,242		$	2,567		$	116,124		$	139,933

Condensed Consolidating Statement of Cash Flow Quarter ended January 30, 2015

In thousands	Parent Company			Supplemental Subsidiary Guarantors			Supplemental Non-Guarantor Subsidiaries			Consolidated
Operating Activities:
Net cash (used) provided by operating activities	25,892			(7,426		)	(36,821		)	(18,355		)
Investing Activities:
Property, plant and equipment acquired	(93		)	(5,971		)	(16,194		)	(22,258		)
Proceeds from sale of property, plant and equipment	—			133			623			756
Other investing activities, net	(1,168		)	—			1,309			141
Net cash used by investing activities	(1,261		)	(5,838		)	(14,262		)	(21,361		)
Financing Activities:
Common stock issued	273			—			—			273
Dividends paid	(19,489		)	—			—			(19,489		)
Treasury stock purchased	(50,000		)	—			—			(50,000		)
Other financing activities, net	261			262			(83		)	440
Net cash (used) provided by financing activities	(68,955		)	262			(83		)	(68,776		)
Effect of Exchange Rate Changes on Cash and Cash Equivalents	—			—			(9,373		)	(9,373		)
Decrease in Cash and Cash Equivalents	(44,324		)	(13,002		)	(60,539		)	(117,865		)
Cash and Cash Equivalents at Beginning of Period	54,874			16,429			198,888			270,191
Cash and Cash Equivalents at End of Period	$	10,550		$	3,427		$	138,349		$	152,326