v2.4.0.8

SUPPLEMENTAL GUARANTOR INFORMATION (Tables)

6 Months Ended

Jun. 30, 2013

SUPPLEMENTAL GUARANTOR INFORMATION

Supplemental Condensed Consolidating Balance Sheet Information

Axiall Corporation
Supplemental Condensed Consolidating Balance Sheet
June 30, 2013
(Unaudited)

(In millions)		Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Assets
Cash and cash equivalents		$	-		$	26.2		$	18.1		$	-		$	44.3
Receivables, net of allowance for doubtful accounts			0.8			1,395.2			127.3			(820.4	)		702.9
Inventories			-			321.9			107.0			-			428.9
Prepaid expenses and other			0.2			46.9			3.6			-			50.7
Deferred income taxes			7.9			1.1			0.1			-			9.1
Total current assets			8.9			1,791.3			256.1			(820.4	)		1,235.9
Property, plant and equipment, net			1.8			1,313.1			329.3			-			1,644.2
Long-term receivables—affiliates			434.1			-			-			(434.1	)		-
Goodwill			-			1,393.2			264.7			-			1,657.9
Intangibles, net			-			1,046.7			180.5			-			1,227.2
Other assets, net			13.1			59.4			12.1			-			84.6
Investment in subsidiaries			3,437.5			301.3			-			(3,738.8	)		-
Total assets		$	3,895.4		$	5,905.0		$	1,042.7		$	(4,993.3	)	$	5,849.8
Liabilities and Equity
Current portion of long-term debt		$	39.5		$	2.8		$	-		$	-		$	42.3
Accounts payable			816.4			304.7			50.7			(820.4	)		351.4
Interest payable			3.3			13.5			-			-			16.8
Income taxes payable			-			6.1			1.8			-			7.9
Accrued compensation			-			36.8			10.9			-			47.7
Other accrued current liabilities			0.5			81.8			31.3			-			113.6
Total current liabilities			859.7			445.7			94.7			(820.4	)		579.7
Long-term debt excluding current portion of long-term debt			511.7			881.0			3.8			-			1,396.5
Long-term payables—affiliates			-			-			434.1			(434.1	)		-
Lease financing obligation			-			-			106.3			-			106.3
Deferred income taxes			8.1			717.1			46.5			-			771.7
Pension and other post retirement benefits			-			317.6			11.5			-			329.1
Other non-current liabilities			94.6			106.1			20.0			(93.1	)		127.6
Total liabilities			1,474.1			2,467.5			716.9			(1,347.6	)		3,310.9
Equity
Total Axiall stockholders' equity			2,421.3			3,437.5			208.2			(3,645.7	)		2,421.3
Noncontrolling interest			-			-			117.6			-			117.6
Total equity			2,421.3			3,437.5			325.8			(3,645.7	)		2,538.9
Total liabilities and equity		$	3,895.4		$	5,905.0		$	1,042.7		$	(4,993.3	)	$	5,849.8

Axiall Corporation
Supplemental Condensed Consolidating Balance Sheet
December 31, 2012
(Unaudited)

(In millions)		Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Assets:
Cash and cash equivalents		$	-		$	131.0		$	69.3		$	-		$	200.3
Receivables, net of allowance			2.2			989.1			55.3			(731.7	)		314.9
Inventories			-			201.6			86.8			-			288.4
Prepaid expenses and other			-			11.9			2.8			-			14.7
Deferred income taxes			7.9			13.0			0.2			-			21.1
Total current assets			10.1			1,346.6			214.4			(731.7	)		839.4
Property, plant and equipment, net			1.5			422.0			214.2			-			637.7
Long-term receivables—affiliates			458.0			9.4			-			(467.4	)		-
Goodwill			-			105.0			112.2			-			217.2
Intangible assets, net			-			40.9			2.5			-			43.4
Other assets, net			14.0			38.8			10.8			-			63.6
Investment in subsidiaries			1,446.5			-			-			(1,446.5	)		-
Total assets		$	1,930.1		$	1,962.7		$	554.1		$	(2,645.6	)	$	1,801.3
Liabilities and Equity
Accounts payable		$	745.1		$	176.3		$	21.5		$	(731.7	)	$	211.2
Interest payable			18.9			-			-			-			18.9
Income taxes payable			-			13.9			1.2			-			15.1
Accrued compensation			-			29.4			15.3			-			44.7
Other accrued liabilities			1.0			38.5			21.7			-			61.2
Total current liabilities			765.0			258.1			59.7			(731.7	)		351.1
Long-term debt excluding current portion of long-term debt			448.1			-			-			-			448.1
Lease financing obligation			-			-			112.3			-			112.3
Long-term payables—affiliates			-			-			467.4			(467.4	)		-
Deferred income taxes			16.9			161.0			-			-			177.9
Pension and other post retirement benefits			-			48.3			-			-			48.3
Other non-current liabilities			96.6			48.7			19.6			(104.8	)		60.1
Total liabilities			1,326.6			516.1			659.0			(1,303.9	)		1,197.8
Equity
Total Axiall stockholders' equity			603.5			1,446.6			(104.9	)		(1,341.7	)		603.5
Total equity			603.5			1,446.6			(104.9	)		(1,341.7	)		603.5
Total liabilities and equity		$	1,930.1		$	1,962.7		$	554.1		$	(2,645.6	)	$	1,801.3

Supplemental Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) Information

Axiall Corporation
Supplemental Condensed Consolidating Statement of Operations and Comprehensive Income
Three Months Ended June 30, 2013
(Unaudited)

(In millions)		Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net sales		$	-		$	1,114.8		$	213.4		$	(55.4	)	$	1,272.8
Operating costs and expenses:
Cost of sales			-			930.2			166.9			(55.4	)		1,041.7
Selling, general and administrative expenses			9.5			66.6			21.6			-			97.7
Transaction related costs and other, net			6.5			2.2			0.1			-			8.8
Total operating costs and expenses			16.0			999.0			188.6			(55.4	)		1,148.2
Operating income (loss)			(16.0	)		115.8			24.8			-			124.6
Other income (expense):
Interest expense, net			(12.1	)		(1.5	)		(5.8	)		-			(19.4	)
Foreign exchange gain			-			-			0.3			-			0.3
Equity in income of subsidiaries			153.8			6.7			-			(160.5	)		-
Income before income taxes			125.7			121.0			19.3			(160.5	)		105.5
Provision for (benefit from) income taxes			52.9			(26.2	)		5.1			-			31.8
Consolidated net income			72.8			147.2			14.2			(160.5	)		73.7
Less net income attributable to noncontrolling interest			-			-			0.9			-			0.9
Net income attributable to Axiall		$	72.8		$	147.2		$	13.3		$	(160.5	)	$	72.8
Comprehensive income attributable to Axiall		$	62.7		$	143.5		$	12.7		$	(156.2	)	$	62.7

Axiall Corporation
Supplemental Condensed Consolidating Statement of Operations and Comprehensive Income
Three Months Ended June 30, 2012
(Unaudited)

(In millions)		Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net sales		$	-		$	739.6		$	176.6		$	(48.5	)	$	867.7
Operating costs and expenses:
Cost of sales			-			684.8			144.6			(48.5	)		780.9
Selling, general and administrative expenses			10.3			23.3			18.2			-			51.8
Transaction related costs and other, net			7.1			(0.5	)		-			-			6.6
Total operating costs and expenses			17.4			707.6			162.8			(48.5	)		839.3
Operating income (loss)			(17.4	)		32.0			13.8			-			28.4
Other income (expense):
Interest expense, net			(21.7	)		13.0			(5.8	)		-			(14.5	)
Foreign exchange loss			-			-			(0.3	)		-			(0.3	)
Equity in income of subsidiaries			44.4			1.1			-			(45.5	)		-
Income before income taxes			5.3			46.1			7.7			(45.5	)		13.6
Provision for (benefit from) income taxes			(8.3	)		11.6			(3.3	)		-			-
Consolidated net income			13.6			34.5			11.0			(45.5	)		13.6
Net income attributable to Axiall		$	13.6		$	34.5		$	11.0		$	(45.5	)	$	13.6
Comprehensive income attributable to Axiall		$	10.7		$	36.4		$	13.6		$	(50.0	)	$	10.7

Axiall Corporation and Subsidiaries
Supplemental Condensed Consolidating Statement of Operations and Comprehensive Income
Six Months Ended June 30, 2013
(Unaudited)

(In millions)		Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net sales		$	-		$	2,086.4		$	349.1		$	(101.5	)	$	2,334.0
Operating costs and expenses:
Cost of sales			-			1,755.7			286.5			(101.5	)		1,940.7
Selling, general and administrative expenses			17.8			117.6			40.6			-			176.0
Transaction related costs and other, net			15.5			5.6			0.4			-			21.5
Total operating costs and expenses			33.3			1,878.9			327.5			(101.5	)		2,138.2
Operating income (loss)			(33.3	)		207.5			21.6			-			195.8
Other income (expense):
Interest income (expense), net			(28.7	)		2.3			(11.3	)		-			(37.7	)
Foreign exchange gain			-			-			0.4			-			0.4
Loss on redemption and other debt costs			(66.1	)		(12.4	)		-			-			(78.5	)
Gain on acquisition of controlling interest			-			23.5			-			-			23.5
Equity in income of subsidiaries			237.8			9.0			-			(246.8	)		-
Income before income taxes			109.7			229.9			10.7			(246.8	)		103.5
Provision for (benefit from) income taxes			40.4			(10.3	)		2.5			-			32.6
Consolidated net income			69.3			240.2			8.2			(246.8	)		70.9
Less net income attributable to noncontrolling interest			-			-			1.6			-			1.6
Net income attributable to Axiall		$	69.3		$	240.2		$	6.6		$	(246.8	)	$	69.3
Comprehensive income attributable to Axiall		$	51.5		$	232.6		$	3.7		$	(236.3	)	$	51.5

Axiall Corporation and Subsidiaries
Supplemental Condensed Consolidating Statement of Operations and Comprehensive Income
Six Months Ended June 30, 2012
(Unaudited)

(In millions)		Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net sales		$	-		$	1,521.3		$	303.3		$	(97.0	)	$	1,727.6
Operating costs and expenses:
Cost of sales			-			1,377.6			256.7			(97.0	)		1,537.3
Selling, general and administrative expenses			18.1			46.5			34.9			-			99.5
Transaction related costs and other, net			12.0			(0.5	)		0.1			-			11.6
Gain on sale of assets			-			(17.4	)		-			-			(17.4	)
Total operating costs and expenses			30.1			1,406.2			291.7			(97.0	)		1,631.0
Operating income (loss)			(30.1	)		115.1			11.6			-			96.6
Other income (expense):
Interest expense, net			(43.2	)		26.0			(11.7	)		-			(28.9	)
Foreign exchange gain (loss)			0.2			-			(0.6	)		-			(0.4	)
Equity in income of subsidiaries			102.1			0.3			-			(102.4	)		-
Income (loss) before income taxes			29.0			141.4			(0.7	)		(102.4	)		67.3
Provision for (benefit from) income taxes			(19.9	)		41.7			(3.4	)		-			18.4
Consolidated net income			48.9			99.7			2.7			(102.4	)		48.9
Net income attributable to Axiall		$	48.9		$	99.7		$	2.7		$	(102.4	)	$	48.9
Comprehensive income attributable to Axiall		$	48.9		$	100.8		$	3.0		$	(103.8	)	$	48.9

Supplemental Condensed Consolidating Statement of Cash Flows Information

Axiall Corporation
Supplemental Condensed Consolidating Statement of Cash Flows
Six Months Ended June 30, 2013
(Unaudited)

(In millions)		Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net cash provided by (used in) operating activities		$	(49.9	)	$	50.2		$	(35.1	)	$	-		$	(34.8	)
Cash flows from investing activities:
Capital expenditures			(0.5	)		(46.4	)		(8.7	)		-			(55.6	)
Distribution from affiliate			19.9			19.9			-			(39.8	)		-
Cash acquired in acquisition			-			-			26.7			-			26.7
Net cash provided by (used in) investing activities			19.4			(26.5	)		18.0			(39.8	)		(28.9	)
Cash flows from financing activities:
Borrowings on ABL revolver			396.6			-			5.9			-			402.5
Repayments on ABL revolver			(295.4	)		-			(1.9	)		-			(297.3	)
Issuance of long-term debt			450.0			-			-			-			450.0
Long-term debt payments			(450.0	)		(80.4	)		-			-			(530.4	)
Make-whole and other fees paid related to financing activities			(64.5	)		(28.6	)		(1.9	)		-			(95.0	)
Dividends paid			(5.6	)		-			-			-			(5.6	)
Distribution to affiliate			-			(19.9	)		(19.9	)		39.8			-
Distribution to noncontrolling interest			-			-			(13.3	)					(13.3	)
Excess tax benefits from share-based payment arrangements			0.7			-			-			-			0.7
Stock compensation plan activity			(1.3	)		-			-			-			(1.3	)
Net cash provided by (used in) financing activities			30.5			(128.9	)		(31.1	)		39.8			(89.7	)
Effect of exchange rate changes on cash and cash equivalents			-			-			(2.6	)		-			(2.6	)
Net change in cash and cash equivalents			-			(105.2	)		(50.8	)		-			(156.0	)
Cash and cash equivalents at beginning of period			-			131.4			68.9			-			200.3
Cash and cash equivalents at end of period		$	-		$	26.2		$	18.1		$	-		$	44.3

Axiall Corporation
Supplemental Condensed Consolidating Statement of Cash Flows
Six Months Ended June 30, 2012
(Unaudited)

(In millions)		Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net cash provided by (used in) operating activities		$	(1.4	)	$	9.4		$	(22.9	)	$	-		$	(14.9	)
Cash flows from investing activities:
Capital expenditures			(0.2	)		(33.7	)		(6.8	)		-			(40.7	)
Proceeds from sale of assets			-			21.7			-			-			21.7
Distributions from affiliate			1.9			0.2			-			(2.1	)		-
Net cash provided by (used in) investing activities			1.7			(11.8	)		(6.8	)		(2.1	)		(19.0	)
Cash flows from financing activities:
Stock compensation plan activity			(0.4	)		-			-			-			(0.4	)
Return on capital			-			-			(2.1	)		2.1			-
Excess tax benefits from share-based payment arrangements			0.1			-			-			-			0.1
Net cash provided by (used in) financing activities			(0.3	)		-			(2.1	)		2.1			(0.3	)
Effect of exchange rate changes on cash and cash equivalents			-			-			1.0			-			1.0
Net change in cash and cash equivalents			-			(2.4	)		(30.8	)		-			(33.2	)
Cash and cash equivalents at beginning of period			-			43.4			45.2			-			88.6
Cash and cash equivalents at end of period		$	-		$	41.0		$	14.4		$	-		$	55.4

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