Supplemental Guarantor and Parent Company Condensed Financial Information

General Cable Corporation (“Parent Company”) and its U.S. 100% owned subsidiaries (“Guarantor Subsidiaries”) fully and unconditionally guarantee the $600 million of 5.75% Senior Notes due in 2022, the $355 million of 0.875% Convertible Notes due in 2013, and the $125 million of Senior Floating Rate Notes due in 2015 of the Parent Company on a joint and several basis. For the three months ended March 30, 2012 the Condensed Statements of Operations and Comprehensive Income (Loss) Information and Statements of Cash Flow Information have been recast to reflect the removal of the Canadian subsidiaries as guarantor subsidiaries. The Canadian subsidiaries are now reflected as non-guarantor subsidiaries. The following tables present financial information about the Parent Company, Guarantor Subsidiaries and Non-Guarantor Subsidiaries in millions. Intercompany transactions are eliminated.

Condensed Statements of Operations and Comprehensive Income (Loss) Information

Three Fiscal Months Ended March 29, 2013



	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Net sales:
Customers	$	—		$	610.2		$	922.9		$	—		$	1,533.1
Intercompany	13.8			42.2			103.4			(159.4		)	—
	13.8			652.4			1,026.3			(159.4		)	1,533.1
Cost of sales	—			574.4			949.3			(145.6		)	1,378.1
Gross profit	13.8			78.0			77.0			(13.8		)	155.0
Selling, general and administrative expenses	10.9			49.7			76.2			(13.8		)	123.0
Operating income	2.9			28.3			0.8			—			32.0
Other income (expense)	—			(1.3		)	(51.4		)	—			(52.7		)
Interest income (expense):
Interest expense	(20.9		)	(26.9		)	(11.3		)	29.6			(29.5		)
Interest income	25.9			3.5			1.7			(29.6		)	1.5
	5.0			(23.4		)	(9.6		)	—			(28.0		)
Income (loss) before income taxes	7.9			3.6			(60.2		)	—			(48.7		)
Income tax (provision) benefit	(3.0		)	(2.0		)	9.1			—			4.1
Equity in net income (loss) of subsidiaries	(51.3		)	(52.9		)	0.1			104.3			0.2
Net income (loss) including non-controlling interest	(46.4		)	(51.3		)	(51.0		)	104.3			(44.4		)
Less: preferred stock dividends	0.1			—			—			—			0.1
Less: net income attributable to non-controlling interest	—			—			2.0			—			2.0
Net income (loss) attributable to Company common shareholders	$	(46.5	)	$	(51.3	)	$	(53.0	)	$	104.3		$	(46.5	)
Comprehensive income (loss):
Net income (loss)	$	(46.4	)	$	(51.3	)	$	(51.0	)	$	104.3		$	(44.4	)
Currency translation gain (loss)	—			(9.3		)	5.6			—			(3.7		)
Defined benefit plan adjustments, net of an immaterial tax effect in 2013	—			2.4			0.3			—			2.7
Change in fair value of derivatives, net of tax of $0.4 million in 2013	—			(0.5		)	—			—			(0.5		)
Comprehensive income (loss), net of tax	(46.4		)	(58.7		)	(45.1		)	104.3			(45.9		)
Comprehensive income (loss) attributable to non-controlling interest, net of tax	—			—			2.7			—			2.7
Comprehensive income (loss) attributable to Company common shareholders interest, net of tax	$	(46.4	)	$	(58.7	)	$	(47.8	)	$	104.3		$	(48.6	)

Condensed Statements of Operations and Comprehensive Income (Loss) Information

Three Fiscal Months Ended March 30, 2012



	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Net sales:
Customers	$	—		$	473.1		$	959.4		$	—		$	1,432.5
Intercompany	7.3			28.4			48.6			(84.3		)	—
	7.3			501.5			1,008.0			(84.3		)	1,432.5
Cost of sales	—			439.2			925.8			(77.0		)	1,288.0
Gross profit	7.3			62.3			82.2			(7.3		)	144.5
Selling, general and administrative expenses	11.7			28.0			61.4			(7.3		)	93.8
Operating income	(4.4		)	34.3			20.8			—			50.7
Other income (expense)	—			(0.2		)	7.0			—			6.8
Interest income (expense):
Interest expense	(15.8		)	(23.1		)	(11.9		)	26.1			(24.7		)
Interest income	22.0			3.9			1.9			(26.1		)	1.7
	6.2			(19.2		)	(10.0		)	—			(23.0		)
Income (loss) before income taxes	1.8			14.9			17.8			—			34.5
Income tax (provision) benefit	(0.8		)	(7.2		)	(2.4		)	—			(10.4		)
Equity in net income of subsidiaries	21.8			14.1			—			(35.9		)	—
Net income including non-controlling interest	22.8			21.8			15.4			(35.9		)	24.1
Less: preferred stock dividends	0.1			—			—			—			0.1
Less: net income attributable to non-controlling interest	—			—			1.3			—			1.3
Net income applicable to Company common shareholders	$	22.7		$	21.8		$	14.1		$	(35.9	)	$	22.7
Comprehensive income (loss):
Net income (loss)	$	22.8		$	21.8		$	15.4		$	(35.9	)	$	24.1
Currency translation gain (loss)	0.7			7.4			34.2			—			42.3
Defined benefit plan adjustments, net of an immaterial tax effect in 2012	—			—			—			—			—
Change in fair value of derivatives, net of tax of $3.4 million in 2012	—			2.5			3.5			—			6.0
Comprehensive income (loss), net of tax	23.5			31.7			53.1			(35.9		)	72.4
Comprehensive income (loss) attributable to non-controlling interest, net of tax	—			—			4.4			—			4.4
Comprehensive income (loss) attributable to Company common shareholders interest, net of tax	$	23.5		$	31.7		$	48.7		$	(35.9	)	$	68.0

Condensed Balance Sheets Information

March 29, 2013



	Parent		Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Eliminations			Total
Assets
Current assets:
Cash and cash equivalents	$	57.3	$	23.5		$	419.0	$	—		$	499.8
Receivables, net of allowances	—		308.8			911.0		—			1,219.8
Inventories, net	—		484.7			866.0		—			1,350.7
Deferred income taxes	—		23.8			15.7		—			39.5
Prepaid expenses and other	2.2		20.8			90.3		—			113.3
Total current assets	59.5		861.6			2,302.0		—			3,223.1
Property, plant and equipment, net	0.4		233.3			934.1		—			1,167.8
Deferred income taxes	—		—			15.9		—			15.9
Intercompany accounts	1,612.8		476.1			30.5		(2,119.4		)	—
Investment in subsidiaries	1,055.0		1,371.5			—		(2,426.5		)	—
Goodwill	—		15.6			178.3		—			193.9
Intangible assets, net	—		17.1			184.8		—			201.9
Unconsolidated affiliated companies	—		7.4			11.7		—			19.1
Other non-current assets	14.9		27.4			23.1		—			65.4
Total assets	$	2,742.6	$	3,010.0		$	3,680.4	$	(4,545.9	)	$	4,887.1
Liabilities and Total Equity
Current liabilities:
Accounts payable	$	—	$	138.0		$	830.3	$	—		$	968.3
Accrued liabilities	33.5		96.8			302.6		—			432.9
Current portion of long-term debt	340.0		—			271.3		—			611.3
Total current liabilities	373.5		234.8			1,404.2		—			2,012.5
Long-term debt	900.9		—			35.8		—			936.7
Deferred income taxes	161.7		(26.1		)	79.7		—			215.3
Intercompany accounts	—		1,642.2			477.2		(2,119.4		)	—
Other liabilities	1.0		104.1			174.2		—			279.3
Total liabilities	1,437.1		1,955.0			2,171.1		(2,119.4		)	3,443.8
Redeemable non-controlling interest	—		—			18.0		—			18.0
Total Company shareholders’ equity	1,305.5		1,055.0			1,371.5		(2,426.5		)	1,305.5
Non-controlling interest	—		—			119.8		—			119.8
Total liabilities and equity	$	2,742.6	$	3,010.0		$	3,680.4	$	(4,545.9	)	$	4,887.1

Condensed Balance Sheets Information

December 31, 2012



	Parent		Guarantor Subsidiaries			Non- Guarantor Subsidiaries		Eliminations			Total
Assets
Current assets:
Cash	$	65.3	$	44.2		$	528.7	$	—		$	638.2
Receivables, net of allowances	—		277.6			912.1		—			1,189.7
Inventories	—		460.0			791.6		—			1,251.6
Deferred income taxes	—		24.4			14.7		—			39.1
Prepaid expenses and other	2.3		20.9			92.8		—			116.0
Total current assets	67.6		827.1			2,339.9		—			3,234.6
Property, plant and equipment, net	0.4		238.2			961.2		—			1,199.8
Deferred income taxes	—		—			12.8		—			12.8
Intercompany accounts	1,566.7		491.0			40.2		(2,097.9		)	—
Investment in subsidiaries	1,108.5		1,390.4			—		(2,498.9		)	—
Goodwill	—		15.0			169.4		—			184.4
Intangible assets, net	—		17.7			185.4		—			203.1
Unconsolidated affiliated companies	—		7.3			11.9		—			19.2
Other non-current assets	15.3		26.4			24.3		—			66.0
Total assets	$	2,758.5	$	3,013.1		$	3,745.1	$	(4,596.8	)	$	4,919.9
Liabilities and Total Equity
Current liabilities:
Accounts payable	$	—	$	103.8		$	899.2	$	—		$	1,003.0
Accrued liabilities	12.1		110.6			340.7		—			463.4
Current portion of long-term debt	334.6		—			176.6		—			511.2
Total current liabilities	346.7		214.4			1,416.5		—			1,977.6
Long-term debt	900.5		—			38.4		—			938.9
Deferred income taxes	156.9		(18.2		)	82.8		—			221.5
Intercompany accounts	—		1,606.9			491.0		(2,097.9		)	—
Other liabilities	1.1		101.5			190.0		—			292.6
Total liabilities	1,405.2		1,904.6			2,218.7		(2,097.9		)	3,430.6
Redeemable non-controlling interest	—		—			18.6		—			18.6
Total Company shareholders’ equity	1,353.3		1,108.5			1,390.4		(2,498.9		)	1,353.3
Non-controlling interest	—		—			117.4		—			117.4
Total liabilities and equity	$	2,758.5	$	3,013.1		$	3,745.1	$	(4,596.8	)	$	4,919.9

Condensed Statements of Cash Flows Information

Three Fiscal Months Ended March 29, 2013



	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Total
Net cash flows of operating activities	$	31.9		$	(63.9	)	$	(147.3	)	$	—	$	(179.3	)
Cash flows of investing activities:				—
Capital expenditures	—			(8.0		)	(19.4		)	—		(27.4		)
Proceeds from properties sold	—			0.1			—			—		0.1
Acquisitions, net of cash acquired	—			—			—			—		—
Other	—			(4.5		)	4.7			—		0.2
Net cash flows of investing activities	—			(12.4		)	(14.7		)	—		(27.1		)
Cash flows of financing activities:
Preferred stock dividends paid	(0.1		)	—			—			—		(0.1		)
Excess tax benefits from stock-based compensation	0.1			—			—			—		0.1
Intercompany accounts	(40.4		)	65.1			(24.7		)	—		—
Proceeds from other debt	—			0.8			298.2			—		299.0
Repayments of other debt	—			(0.8		)	(203.7		)	—		(204.5		)
Issuance of long-term debt	—			—			—			—		—
Dividends paid to non-controlling interest	—			—			(0.3		)	—		(0.3		)
Purchase of treasury shares	—											—
Proceeds from exercise of stock options	0.5			—			—			—		0.5
Net cash flows of financing activities	(39.9		)	65.1			69.5			—		94.7
Effect of exchange rate changes on cash and cash equivalents	—			(9.5		)	(17.2		)	—		(26.7		)
Increase (decrease) in cash and cash equivalents	(8.0		)	(20.7		)	(109.7		)	—		(138.4		)
Cash and cash equivalents – beginning of period	65.3			44.2			528.7			—		638.2
Cash and cash equivalents – end of period	$	57.3		$	23.5		$	419.0		$	—	$	499.8

Condensed Statements of Cash Flows Information

Three Fiscal Months Ended March 30, 2012



	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Total
Net cash flows of operating activities	$	11.9		$	5.2		$	(51.7	)	$	—	$	(34.6	)
Cash flows of investing activities:
Capital expenditures	—			(6.9		)	(29.0		)	—		(35.9		)
Proceeds from properties sold	—			0.1			4.1			—		4.2
Acquisitions, net of cash acquired	—			—			—			—		—
Other	—			(15.3		)	15.3			—		—
Net cash flows of investing activities	—			(22.1		)	(9.6		)	—		(31.7		)
Cash flows of financing activities:
Preferred stock dividends paid	(0.1		)	—			—			—		(0.1		)
Excess tax benefits from stock-based compensation	0.1			—			—			—		0.1
Intercompany accounts	(12.7		)	(38.4		)	51.1			—		—
Proceeds from other debt	—			265.4			184.6			—		450.0
Repayments of other debt	—			(214.0		)	(184.3		)	—		(398.3		)
Dividends paid to non-controlling interests	—			—			(0.6		)	—		(0.6		)
Proceeds from exercise of stock options	0.1			—			—			—		0.1
Net cash flows of financing activities	(12.6		)	13.0			50.8			—		51.2
Effect of exchange rate changes on cash and cash equivalents	0.7			9.7			(2.3		)	—		8.1
Increase (decrease) in cash and cash equivalents	—			5.8			(12.8		)	—		(7.0		)
Cash and cash equivalents - beginning of period	0.1			8.5			425.5			—		434.1
Cash and cash equivalents - end of period	$	0.1		$	14.3		$	412.7		$	—	$	427.1

Notes to Parent Company Condensed Financial Information

Basis of Presentation

In accordance with the requirements of Regulation S-X of the Securities and Exchange Commission, restricted net assets of the Company’s subsidiaries exceeded 25% of the Company’s total consolidated net assets. The Company’s Spanish Term Loans include covenants that require its Spanish subsidiary to maintain minimum net assets of 197 million euros. This financial information is condensed and omits many disclosures presented in the Condensed Consolidated Financial Statements and Notes thereto.

Intercompany Activity

The Parent Company and its Guarantor Subsidiaries participate in a cash pooling program. As part of this program, cash balances are generally swept on a daily basis between the Guarantor Subsidiaries’ bank accounts and those of the Parent Company. There are a significant number of the Company’s subsidiaries that participate in this cash pooling arrangement and there are thousands of transactions per week that occur between the Parent Company and Guarantor Subsidiaries, all of which are accounted for through the intercompany accounts.

Parent Company transactions include interest, dividend, tax payments and intercompany sales transactions related to administrative costs incurred by the Parent Company, which are billed to Guarantor Subsidiaries on a cost-plus basis. These costs are reported in the Parent’s “Selling, general and administrative expenses” on the Condensed Consolidated Statement of Operations for the respective period(s). All intercompany transactions are presumed to be settled in cash when they occur and are included in operating activities on the statement of cash flows.

A summary of cash and non-cash transactions of the Parent Company’s intercompany account is provided below for the three fiscal months ended March 29, 2013 and the twelve months ended December 31, 2012:



(in millions)	March 29, 2013		December 31, 2012
Beginning Balance	$	1,566.7	$	1,210.4
Non-cash transactions
Deferred tax	1.8		5.9
Equity based awards	1.1		11.7
Foreign currency and other	2.8		(3.4		)
Cash transactions	40.4		342.1
Ending Balance	$	1,612.8	$	1,566.7

Dividends

There were no cash dividend payments to the Parent Company from the Guarantor Subsidiaries in the three fiscal months ended March 29, 2013 or March 30, 2012.

Parent Company Long-Term Debt

At March 29, 2013 and December 31, 2012, the Parent Company was party to the following long-term financing arrangements:



(in millions)	March 29, 2013			December 31, 2012
5.75% Senior Notes due 2022	$	600.0		$	600.0
Subordinated Convertible Notes due 2029	429.5			429.5
Debt discount on Subordinated Convertible Notes due 2029	(262.6		)	(263.0		)
0.875% Convertible Notes due 2013	355.0			355.0
Debt discount on 0.875% Convertible Notes due 2013	(15.0		)	(20.4		)
Senior Floating Rate Notes	125.0			125.0
Other	9.0			9.0
Total Parent Company debt	1,240.9			1,235.1
Less current maturities	340.0			334.6
Parent Company Long-term debt	$	900.9		$	900.5



(in millions)	Q1 2014		Q1 2015		Q1 2016		Q1 2017		Q1 2018
Debt maturities twelve month period ending	$	340.0	$	—	$	125.0	$	—	$	—

For long-term debt related to the Parent Company, refer to Footnote 9 "Long-Term Debt" of the Notes to the Condensed Consolidated Financial Statements.

Commitments and Contingencies

For contingencies and guarantees related to the Parent Company, refer to Note 19 "Commitments and Contingencies" of the Notes to the Condensed Consolidated Financial Statements.