|
SUPPLEMENTAL GUARANTOR INFORMATION (Details 2) (USD $) In Millions, unless otherwise specified
|
3 Months Ended |
6 Months Ended |
|
Jun. 30, 2014
|
Jun. 30, 2013
|
Jun. 30, 2014
|
Jun. 30, 2013
|
| Supplemental Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) |
|
|
|
|
| Net sales |
$ 1,236.9 |
$ 1,272.8 |
$ 2,230.6 |
$ 2,334.0 |
| Operating costs and expenses: |
|
|
|
|
| Cost of sales |
1,090.0 |
1,062.8 |
2,003.3 |
1,971.8 |
| Selling, general and administrative expenses |
79.0 |
76.6 |
152.6 |
144.9 |
| Transaction-related costs and other, net |
9.4 |
8.8 |
16.0 |
18.9 |
| Long-lived asset impairment charges, net |
0.1 |
|
0.7 |
2.6 |
| Total operating costs and expenses |
1,178.5 |
1,148.2 |
2,172.6 |
2,138.2 |
| Operating income |
58.4 |
124.6 |
58.0 |
195.8 |
| Other income (expense): |
|
|
|
|
| Interest income (expense), net |
(19.1) |
(19.4) |
(37.4) |
(37.7) |
| Loss on redemption and other debt costs |
|
|
|
(78.5) |
| Gain on acquisition of controlling interest |
|
|
|
23.5 |
| Foreign exchange gain (loss) |
(0.3) |
0.3 |
0.1 |
0.4 |
| Income before income taxes |
39.0 |
105.5 |
20.7 |
103.5 |
| Provision for (benefit from) income taxes |
10.9 |
31.8 |
3.2 |
32.6 |
| Consolidated net income |
28.1 |
73.7 |
17.5 |
70.9 |
| Less net income attributable to noncontrolling interest |
0.9 |
0.9 |
1.9 |
1.6 |
| Net income attributable to Axiall |
27.2 |
72.8 |
15.6 |
69.3 |
| Comprehensive income (loss) attributable to Axiall |
37.1 |
62.7 |
12.2 |
51.5 |
|
Guarantor Subsidiaries Including Eagle Spinco Inc | Transactions between Parent Company and Guarantor Subsidiaries | Restatement adjustment
|
|
|
|
|
| Other income (expense): |
|
|
|
|
| Net income attributable to Axiall |
|
62.5 |
|
80.4 |
|
Reportable legal entity | Parent Company
|
|
|
|
|
| Operating costs and expenses: |
|
|
|
|
| Selling, general and administrative expenses |
10.2 |
9.5 |
21.2 |
17.8 |
| Transaction-related costs and other, net |
4.4 |
6.5 |
9.0 |
15.5 |
| Total operating costs and expenses |
14.6 |
16.0 |
30.2 |
33.3 |
| Operating income |
(14.6) |
(16.0) |
(30.2) |
(33.3) |
| Other income (expense): |
|
|
|
|
| Interest income (expense), net |
7.8 |
(12.1) |
15.5 |
(28.7) |
| Loss on redemption and other debt costs |
|
|
|
(66.1) |
| Equity in income (loss) of subsidiaries |
32.4 |
91.3 |
26.4 |
157.4 |
| Income before income taxes |
25.6 |
63.2 |
11.7 |
29.3 |
| Provision for (benefit from) income taxes |
(1.6) |
(9.6) |
(3.9) |
(40.0) |
| Consolidated net income |
27.2 |
72.8 |
15.6 |
69.3 |
| Net income attributable to Axiall |
27.2 |
72.8 |
15.6 |
69.3 |
| Comprehensive income (loss) attributable to Axiall |
37.1 |
62.7 |
12.2 |
51.5 |
|
Reportable legal entity | Spinco | 4.625 Notes, 4.875 Notes and Term Loan credit agreement
|
|
|
|
|
| Other income (expense): |
|
|
|
|
| Interest income (expense), net |
(21.8) |
(11.3) |
(43.3) |
(19.3) |
| Loss on redemption and other debt costs |
|
|
|
(12.4) |
| Equity in income (loss) of subsidiaries |
(8.4) |
37.5 |
(36.6) |
62.0 |
| Income before income taxes |
(30.2) |
26.2 |
(79.9) |
30.3 |
| Provision for (benefit from) income taxes |
(5.3) |
(3.7) |
(11.5) |
(9.9) |
| Consolidated net income |
(24.9) |
29.9 |
(68.4) |
40.2 |
| Net income attributable to Axiall |
(24.9) |
29.9 |
(68.4) |
40.2 |
| Comprehensive income (loss) attributable to Axiall |
(20.8) |
25.4 |
(108.9) |
31.3 |
|
Reportable legal entity | Guarantor Subsidiaries Excluding Eagle Spinco Inc | 4.625 Notes, 4.875 Notes and Term Loan credit agreement
|
|
|
|
|
| Supplemental Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) |
|
|
|
|
| Net sales |
1,087.6 |
1,114.8 |
1,992.2 |
2,086.4 |
| Operating costs and expenses: |
|
|
|
|
| Cost of sales |
981.4 |
949.9 |
1,826.3 |
1,784.8 |
| Selling, general and administrative expenses |
47.6 |
46.9 |
90.5 |
88.5 |
| Transaction-related costs and other, net |
3.9 |
2.2 |
5.4 |
3.0 |
| Long-lived asset impairment charges, net |
0.1 |
|
0.6 |
2.6 |
| Total operating costs and expenses |
1,033.0 |
999.0 |
1,922.8 |
1,878.9 |
| Operating income |
54.6 |
115.8 |
69.4 |
207.5 |
| Other income (expense): |
|
|
|
|
| Interest income (expense), net |
0.4 |
9.7 |
1.0 |
21.6 |
| Gain on acquisition of controlling interest |
|
|
|
23.5 |
| Foreign exchange gain (loss) |
(0.1) |
|
(0.1) |
|
| Equity in income (loss) of subsidiaries |
5.5 |
6.7 |
8.6 |
9.0 |
| Income before income taxes |
60.4 |
132.2 |
78.9 |
261.6 |
| Provision for (benefit from) income taxes |
14.6 |
40.0 |
16.6 |
80.1 |
| Consolidated net income |
45.8 |
92.2 |
62.3 |
181.5 |
| Net income attributable to Axiall |
45.8 |
92.2 |
62.3 |
181.5 |
| Comprehensive income (loss) attributable to Axiall |
49.6 |
88.3 |
22.1 |
173.9 |
|
Reportable legal entity | Guarantor Subsidiaries Including Eagle Spinco Inc | 4.625 Notes, 4.875 Notes and Term Loan credit agreement
|
|
|
|
|
| Supplemental Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) |
|
|
|
|
| Net sales |
1,087.6 |
1,114.8 |
1,992.2 |
2,086.4 |
| Operating costs and expenses: |
|
|
|
|
| Cost of sales |
981.4 |
949.9 |
1,826.3 |
1,784.8 |
| Selling, general and administrative expenses |
47.6 |
46.9 |
90.5 |
88.5 |
| Transaction-related costs and other, net |
3.9 |
2.2 |
5.4 |
3.0 |
| Long-lived asset impairment charges, net |
0.1 |
|
0.6 |
2.6 |
| Total operating costs and expenses |
1,033.0 |
999.0 |
1,922.8 |
1,878.9 |
| Operating income |
54.6 |
115.8 |
69.4 |
207.5 |
| Other income (expense): |
|
|
|
|
| Interest income (expense), net |
(21.6) |
(1.5) |
(42.3) |
2.3 |
| Loss on redemption and other debt costs |
|
|
|
(12.4) |
| Gain on acquisition of controlling interest |
|
|
|
23.5 |
| Foreign exchange gain (loss) |
(0.1) |
|
(0.1) |
|
| Equity in income (loss) of subsidiaries |
5.5 |
6.7 |
8.6 |
9.0 |
| Income before income taxes |
38.4 |
121.0 |
35.6 |
229.9 |
| Provision for (benefit from) income taxes |
9.3 |
36.3 |
5.1 |
70.1 |
| Consolidated net income |
29.1 |
84.7 |
30.5 |
159.8 |
| Net income attributable to Axiall |
29.1 |
84.7 |
30.5 |
159.8 |
| Comprehensive income (loss) attributable to Axiall |
33.1 |
81.0 |
(9.6) |
152.2 |
|
Reportable legal entity | Non-Guarantor Subsidiaries | 4.625 Notes, 4.875 Notes and Term Loan credit agreement
|
|
|
|
|
| Supplemental Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) |
|
|
|
|
| Net sales |
215.3 |
213.4 |
358.6 |
349.1 |
| Operating costs and expenses: |
|
|
|
|
| Cost of sales |
174.6 |
168.3 |
297.2 |
288.5 |
| Selling, general and administrative expenses |
21.2 |
20.2 |
40.9 |
38.6 |
| Transaction-related costs and other, net |
1.1 |
0.1 |
1.6 |
0.4 |
| Long-lived asset impairment charges, net |
|
|
0.1 |
|
| Total operating costs and expenses |
196.9 |
188.6 |
339.8 |
327.5 |
| Operating income |
18.4 |
24.8 |
18.8 |
21.6 |
| Other income (expense): |
|
|
|
|
| Interest income (expense), net |
(5.3) |
(5.8) |
(10.6) |
(11.3) |
| Foreign exchange gain (loss) |
(0.2) |
0.3 |
0.2 |
0.4 |
| Income before income taxes |
12.9 |
19.3 |
8.4 |
10.7 |
| Provision for (benefit from) income taxes |
3.2 |
5.1 |
2.0 |
2.5 |
| Consolidated net income |
9.7 |
14.2 |
6.4 |
8.2 |
| Less net income attributable to noncontrolling interest |
0.9 |
0.9 |
1.9 |
1.6 |
| Net income attributable to Axiall |
8.8 |
13.3 |
4.5 |
6.6 |
| Comprehensive income (loss) attributable to Axiall |
14.1 |
12.7 |
5.2 |
3.7 |
|
Eliminations
|
|
|
|
|
| Supplemental Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) |
|
|
|
|
| Net sales |
(66.0) |
(55.4) |
(120.2) |
(101.5) |
| Operating costs and expenses: |
|
|
|
|
| Cost of sales |
(66.0) |
(55.4) |
(120.2) |
(101.5) |
| Total operating costs and expenses |
(66.0) |
(55.4) |
(120.2) |
(101.5) |
| Other income (expense): |
|
|
|
|
| Equity in income (loss) of subsidiaries |
(37.9) |
(98.0) |
(35.0) |
(166.4) |
| Income before income taxes |
(37.9) |
(98.0) |
(35.0) |
(166.4) |
| Consolidated net income |
(37.9) |
(98.0) |
(35.0) |
(166.4) |
| Net income attributable to Axiall |
(37.9) |
(98.0) |
(35.0) |
(166.4) |
| Comprehensive income (loss) attributable to Axiall |
$ (47.2) |
$ (93.7) |
$ 4.4 |
$ (155.9) |