| Guarantor Condensed Consolidating Balance Sheet Information |
Axiall Corporation and Subsidiaries Guarantor Condensed Consolidating Balance Sheet December 31, 2014
|
(In millions)
|
|
Parent Company (a)
|
|
Eagle Spinco Inc.
|
|
Guarantor Subsidiaries Excluding Eagle Spinco Inc.
|
|
Guarantor Subsidiaries Including Eagle Spinco Inc. (b)
|
|
Non- Guarantor Subsidiaries (c)
|
|
Eliminations (d)
|
|
Consolidated (a) + (b) + (c) + (d)
|
|
|
Assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents
|
|
$
|
-
|
|
$
|
-
|
|
$
|
78.2
|
|
$
|
78.2
|
|
$
|
88.6
|
|
$
|
-
|
|
$
|
166.8
|
|
|
Receivables, net of allowance for doubtful accounts
|
|
|
162.8
|
|
|
-
|
|
|
509.7
|
|
|
493.9
|
|
|
71.4
|
|
|
(261.1
|
)
|
|
467.0
|
|
|
Inventories
|
|
|
-
|
|
|
-
|
|
|
257.0
|
|
|
257.0
|
|
|
96.7
|
|
|
-
|
|
|
353.7
|
|
|
Prepaid expenses and other
|
|
|
0.1
|
|
|
-
|
|
|
83.0
|
|
|
83.0
|
|
|
6.6
|
|
|
-
|
|
|
89.7
|
|
|
Deferred income taxes
|
|
|
3.1
|
|
|
-
|
|
|
24.9
|
|
|
24.9
|
|
|
-
|
|
|
-
|
|
|
28.0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total current assets
|
|
|
166.0
|
|
|
-
|
|
|
952.8
|
|
|
937.0
|
|
|
263.3
|
|
|
(261.1
|
)
|
|
1,105.2
|
|
|
Property, plant and equipment, net
|
|
|
12.0
|
|
|
-
|
|
|
1,367.7
|
|
|
1,367.7
|
|
|
286.0
|
|
|
-
|
|
|
1,665.7
|
|
|
Long-term receivables—affiliates
|
|
|
1,292.9
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
(1,292.9
|
)
|
|
-
|
|
|
Goodwill
|
|
|
-
|
|
|
-
|
|
|
1,493.7
|
|
|
1,493.7
|
|
|
247.3
|
|
|
-
|
|
|
1,741.0
|
|
|
Customer relationships, net
|
|
|
-
|
|
|
-
|
|
|
877.9
|
|
|
877.9
|
|
|
146.6
|
|
|
-
|
|
|
1,024.5
|
|
|
Other intangible assets, net
|
|
|
-
|
|
|
-
|
|
|
67.8
|
|
|
67.8
|
|
|
0.3
|
|
|
-
|
|
|
68.1
|
|
|
Other assets, net
|
|
|
17.0
|
|
|
12.4
|
|
|
31.7
|
|
|
44.0
|
|
|
9.4
|
|
|
(0.6
|
)
|
|
69.8
|
|
|
Investment in subsidiaries
|
|
|
1,682.7
|
|
|
2,831.2
|
|
|
290.5
|
|
|
290.5
|
|
|
-
|
|
|
(1,973.2
|
)
|
|
-
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets
|
|
$
|
3,170.6
|
|
$
|
2,843.6
|
|
$
|
5,082.1
|
|
$
|
5,078.6
|
|
$
|
952.9
|
|
$
|
(3,527.8
|
)
|
$
|
5,674.3
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities and Equity:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current portion of long-term debt
|
|
$
|
-
|
|
$
|
2.8
|
|
$
|
-
|
|
$
|
2.8
|
|
$
|
-
|
|
$
|
-
|
|
$
|
2.8
|
|
|
Accounts payable
|
|
|
97.2
|
|
|
178.6
|
|
|
249.8
|
|
|
412.5
|
|
|
46.9
|
|
|
(261.1
|
)
|
|
295.5
|
|
|
Interest payable
|
|
|
3.0
|
|
|
12.2
|
|
|
-
|
|
|
12.2
|
|
|
-
|
|
|
-
|
|
|
15.2
|
|
|
Income taxes payable
|
|
|
-
|
|
|
-
|
|
|
0.9
|
|
|
0.9
|
|
|
2.2
|
|
|
-
|
|
|
3.1
|
|
|
Accrued compensation
|
|
|
-
|
|
|
-
|
|
|
25.3
|
|
|
25.3
|
|
|
8.3
|
|
|
-
|
|
|
33.6
|
|
|
Other accrued liabilities
|
|
|
14.3
|
|
|
-
|
|
|
90.3
|
|
|
90.3
|
|
|
29.3
|
|
|
-
|
|
|
133.9
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total current liabilities
|
|
|
114.5
|
|
|
193.6
|
|
|
366.3
|
|
|
544.0
|
|
|
86.7
|
|
|
(261.1
|
)
|
|
484.1
|
|
|
Long-term debt excluding current portion of long-term debt
|
|
|
450.0
|
|
|
877.8
|
|
|
-
|
|
|
877.8
|
|
|
-
|
|
|
-
|
|
|
1,327.8
|
|
|
Long-term payables—affiliates
|
|
|
-
|
|
|
900.0
|
|
|
-
|
|
|
900.0
|
|
|
392.9
|
|
|
(1,292.9
|
)
|
|
-
|
|
|
Lease financing obligation
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
94.2
|
|
|
-
|
|
|
94.2
|
|
|
Deferred income taxes
|
|
|
10.0
|
|
|
-
|
|
|
720.4
|
|
|
720.4
|
|
|
37.7
|
|
|
(0.6
|
)
|
|
767.5
|
|
|
Pension and other post retirement benefits
|
|
|
4.4
|
|
|
-
|
|
|
235.7
|
|
|
235.7
|
|
|
10.4
|
|
|
-
|
|
|
250.5
|
|
|
Other non-current liabilities
|
|
|
110.6
|
|
|
-
|
|
|
118.7
|
|
|
118.7
|
|
|
9.0
|
|
|
(77.1
|
)
|
|
161.2
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total liabilities
|
|
|
689.5
|
|
|
1,971.4
|
|
|
1,441.1
|
|
|
3,396.6
|
|
|
630.9
|
|
|
(1,631.7
|
)
|
|
3,085.3
|
|
|
Equity:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Axiall stockholders' equity
|
|
|
2,481.1
|
|
|
872.2
|
|
|
3,641.0
|
|
|
1,682.0
|
|
|
214.1
|
|
|
(1,896.1
|
)
|
|
2,481.1
|
|
|
Noncontrolling interest
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
107.9
|
|
|
-
|
|
|
107.9
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total equity
|
|
|
2,481.1
|
|
|
872.2
|
|
|
3,641.0
|
|
|
1,682.0
|
|
|
322.0
|
|
|
(1,896.1
|
)
|
|
2,589.0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total liabilities and equity
|
|
$
|
3,170.6
|
|
$
|
2,843.6
|
|
$
|
5,082.1
|
|
$
|
5,078.6
|
|
$
|
952.9
|
|
$
|
(3,527.8
|
)
|
$
|
5,674.3
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Axiall Corporation and Subsidiaries Guarantor Condensed Consolidating Balance Sheet December 31, 2013
|
(In millions)
|
|
Parent Company (a)
|
|
Eagle Spinco Inc.
|
|
Guarantor Subsidiaries Excluding Eagle Spinco Inc.
|
|
Guarantor Subsidiaries Including Eagle Spinco Inc. (b)
|
|
Non- Guarantor Subsidiaries (c)
|
|
Eliminations (d)
|
|
Consolidated (a) + (b) + (c) + (d)
|
|
|
Assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents
|
|
$
|
-
|
|
$
|
-
|
|
$
|
76.9
|
|
$
|
76.9
|
|
$
|
89.6
|
|
$
|
-
|
|
$
|
166.5
|
|
|
Receivables, net of allowance for doubtful accounts
|
|
|
162.5
|
|
|
-
|
|
|
482.2
|
|
|
478.7
|
|
|
73.3
|
|
|
(165.7
|
)
|
|
548.8
|
|
|
Inventories
|
|
|
-
|
|
|
-
|
|
|
310.5
|
|
|
310.5
|
|
|
93.1
|
|
|
-
|
|
|
403.6
|
|
|
Prepaid expenses and other
|
|
|
1.3
|
|
|
-
|
|
|
26.1
|
|
|
26.1
|
|
|
4.2
|
|
|
-
|
|
|
31.6
|
|
|
Deferred income taxes
|
|
|
-
|
|
|
-
|
|
|
20.5
|
|
|
20.5
|
|
|
0.2
|
|
|
(2.7
|
)
|
|
18.0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total current assets
|
|
|
163.8
|
|
|
-
|
|
|
916.2
|
|
|
912.7
|
|
|
260.4
|
|
|
(168.4
|
)
|
|
1,168.5
|
|
|
Property, plant and equipment, net
|
|
|
9.8
|
|
|
-
|
|
|
1,325.6
|
|
|
1,325.6
|
|
|
323.3
|
|
|
-
|
|
|
1,658.7
|
|
|
Long-term receivables—affiliates
|
|
|
1,328.6
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
(1,328.6
|
)
|
|
-
|
|
|
Goodwill
|
|
|
-
|
|
|
-
|
|
|
1,496.6
|
|
|
1,496.6
|
|
|
266.6
|
|
|
-
|
|
|
1,763.2
|
|
|
Customer relationships, net
|
|
|
-
|
|
|
-
|
|
|
935.2
|
|
|
935.2
|
|
|
166.6
|
|
|
-
|
|
|
1,101.8
|
|
|
Other intangible assets, net
|
|
|
-
|
|
|
-
|
|
|
72.9
|
|
|
72.9
|
|
|
-
|
|
|
-
|
|
|
72.9
|
|
|
Other assets, net
|
|
|
12.2
|
|
|
13.2
|
|
|
71.7
|
|
|
84.9
|
|
|
15.0
|
|
|
-
|
|
|
112.1
|
|
|
Investment in subsidiaries
|
|
|
1,747.7
|
|
|
2,950.8
|
|
|
312.9
|
|
|
312.9
|
|
|
-
|
|
|
(2,060.6
|
)
|
|
-
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets
|
|
$
|
3,262.1
|
|
$
|
2,964.0
|
|
$
|
5,131.1
|
|
$
|
5,140.8
|
|
$
|
1,031.9
|
|
$
|
(3,557.6
|
)
|
$
|
5,877.2
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities and Equity:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current portion of long-term debt
|
|
$
|
-
|
|
$
|
2.8
|
|
$
|
-
|
|
$
|
2.8
|
|
$
|
-
|
|
$
|
-
|
|
$
|
2.8
|
|
|
Accounts payable
|
|
|
16.8
|
|
|
119.6
|
|
|
319.6
|
|
|
435.7
|
|
|
26.9
|
|
|
(165.7
|
)
|
|
313.7
|
|
|
Interest payable
|
|
|
3.1
|
|
|
12.3
|
|
|
-
|
|
|
12.3
|
|
|
-
|
|
|
-
|
|
|
15.4
|
|
|
Income taxes payable
|
|
|
-
|
|
|
-
|
|
|
12.2
|
|
|
12.2
|
|
|
4.9
|
|
|
-
|
|
|
17.1
|
|
|
Accrued compensation
|
|
|
0.5
|
|
|
-
|
|
|
49.6
|
|
|
49.6
|
|
|
11.4
|
|
|
-
|
|
|
61.5
|
|
|
Other accrued current liabilities
|
|
|
12.9
|
|
|
-
|
|
|
86.5
|
|
|
86.5
|
|
|
35.9
|
|
|
(2.7
|
)
|
|
132.6
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total current liabilities
|
|
|
33.3
|
|
|
134.7
|
|
|
467.9
|
|
|
599.1
|
|
|
79.1
|
|
|
(168.4
|
)
|
|
543.1
|
|
|
Long-term debt excluding current portion of long-term debt
|
|
|
450.0
|
|
|
880.0
|
|
|
-
|
|
|
880.0
|
|
|
-
|
|
|
-
|
|
|
1,330.0
|
|
|
Lease financing obligation
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
104.7
|
|
|
-
|
|
|
104.7
|
|
|
Long-term payables—affiliates
|
|
|
-
|
|
|
900.0
|
|
|
-
|
|
|
900.0
|
|
|
428.6
|
|
|
(1,328.6
|
)
|
|
-
|
|
|
Deferred income taxes
|
|
|
31.0
|
|
|
-
|
|
|
790.9
|
|
|
790.9
|
|
|
43.6
|
|
|
-
|
|
|
865.5
|
|
|
Pension and other post retirement benefits
|
|
|
13.7
|
|
|
-
|
|
|
107.0
|
|
|
107.0
|
|
|
9.1
|
|
|
-
|
|
|
129.8
|
|
|
Other non-current liabilities
|
|
|
125.2
|
|
|
-
|
|
|
116.4
|
|
|
116.4
|
|
|
20.9
|
|
|
(86.7
|
)
|
|
175.8
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total liabilities
|
|
|
653.2
|
|
|
1,914.7
|
|
|
1,482.2
|
|
|
3,393.4
|
|
|
686.0
|
|
|
(1,583.7
|
)
|
|
3,148.9
|
|
|
Equity:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Axiall stockholders' equity
|
|
|
2,608.9
|
|
|
1,049.3
|
|
|
3,648.9
|
|
|
1,747.4
|
|
|
226.5
|
|
|
(1,973.9
|
)
|
|
2,608.9
|
|
|
Noncontrolling interest
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
119.4
|
|
|
-
|
|
|
119.4
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total equity
|
|
|
2,608.9
|
|
|
1,049.3
|
|
|
3,648.9
|
|
|
1,747.4
|
|
|
345.9
|
|
|
(1,973.9
|
)
|
|
2,728.3
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total liabilities and equity
|
|
$
|
3,262.1
|
|
$
|
2,964.0
|
|
$
|
5,131.1
|
|
$
|
5,140.8
|
|
$
|
1,031.9
|
|
$
|
(3,557.6
|
)
|
$
|
5,877.2
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Guarantor Consolidating Statement of Operations and Comprehensive Income (Loss) Information |
Axiall Corporation and Subsidiaries Guarantor Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) Year Ended December 31, 2014
|
(In millions)
|
|
Parent Company (a)
|
|
Eagle Spinco Inc.
|
|
Guarantor Subsidiaries Excluding Eagle Spinco Inc.
|
|
Guarantor Subsidiaries Including Eagle Spinco Inc. (b)
|
|
Non- Guarantor Subsidiaries (c)
|
|
Eliminations (d)
|
|
Consolidated (a) + (b) + (c) + (d)
|
|
|
Net sales
|
|
$
|
-
|
|
$
|
-
|
|
$
|
4,036.3
|
|
$
|
4,036.3
|
|
$
|
762.7
|
|
$
|
(230.3
|
)
|
$
|
4,568.7
|
|
|
Operating costs and expenses:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of sales
|
|
|
-
|
|
|
-
|
|
|
3,658.1
|
|
|
3,658.1
|
|
|
640.3
|
|
|
(230.3
|
)
|
|
4,068.1
|
|
|
Selling, general and administrative expenses
|
|
|
45.5
|
|
|
-
|
|
|
188.6
|
|
|
188.6
|
|
|
76.4
|
|
|
-
|
|
|
310.5
|
|
|
Transaction-related costs and other, net
|
|
|
15.4
|
|
|
-
|
|
|
15.2
|
|
|
15.2
|
|
|
7.8
|
|
|
-
|
|
|
38.4
|
|
|
Long-lived asset impairment charges, net
|
|
|
-
|
|
|
-
|
|
|
17.5
|
|
|
17.5
|
|
|
0.1
|
|
|
-
|
|
|
17.6
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total operating costs and expenses
|
|
|
60.9
|
|
|
-
|
|
|
3,879.4
|
|
|
3,879.4
|
|
|
724.6
|
|
|
(230.3
|
)
|
|
4,434.6
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating income (loss)
|
|
|
(60.9
|
)
|
|
-
|
|
|
156.9
|
|
|
156.9
|
|
|
38.1
|
|
|
-
|
|
|
134.1
|
|
|
Other income (expense):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense, net
|
|
|
31.1
|
|
|
(87.4
|
)
|
|
1.9
|
|
|
(85.5
|
)
|
|
(21.4
|
)
|
|
-
|
|
|
(75.8
|
)
|
|
Foreign exchange loss
|
|
|
-
|
|
|
-
|
|
|
(0.5
|
)
|
|
(0.5
|
)
|
|
(0.1
|
)
|
|
-
|
|
|
(0.6
|
)
|
|
Equity in income (loss) of subsidiaries
|
|
|
55.7
|
|
|
(19.3
|
)
|
|
11.7
|
|
|
11.7
|
|
|
-
|
|
|
(67.4
|
)
|
|
-
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (loss) before income taxes
|
|
|
25.9
|
|
|
(106.7
|
)
|
|
170.0
|
|
|
82.6
|
|
|
16.6
|
|
|
(67.4
|
)
|
|
57.7
|
|
|
Provision for (benefit from) income taxes
|
|
|
(20.4
|
)
|
|
(29.9
|
)
|
|
59.6
|
|
|
29.7
|
|
|
(1.8
|
)
|
|
-
|
|
|
7.5
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consolidated net income (loss)
|
|
|
46.3
|
|
|
(76.8
|
)
|
|
110.4
|
|
|
52.9
|
|
|
18.4
|
|
|
(67.4
|
)
|
|
50.2
|
|
|
Less net income attributable to noncontrolling interest
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
3.9
|
|
|
-
|
|
|
3.9
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss) attributable to Axiall
|
|
$
|
46.3
|
|
$
|
(76.8
|
)
|
$
|
110.4
|
|
$
|
52.9
|
|
$
|
14.5
|
|
$
|
(67.4
|
)
|
$
|
46.3
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Comprehensive income (loss) attributable to Axiall
|
|
$
|
(93.7
|
)
|
$
|
(193.1
|
)
|
$
|
(50.4
|
)
|
$
|
(107.9
|
)
|
$
|
(0.9
|
)
|
$
|
108.8
|
|
$
|
(93.7
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Axiall Corporation and Subsidiaries Guarantor Condensed Consolidating Statement of Operations and Comprehensive Income Year Ended December 31, 2013
|
(In millions)
|
|
Parent Company (a)
|
|
Eagle Spinco Inc.
|
|
Guarantor Subsidiaries Excluding Eagle Spinco Inc.
|
|
Guarantor Subsidiaries Including Eagle Spinco Inc. (b)
|
|
Non- Guarantor Subsidiaries (c)
|
|
Eliminations (d)
|
|
Consolidated (a) + (b) + (c) + (d)
|
|
|
Net sales
|
|
$
|
-
|
|
$
|
-
|
|
$
|
4,125.1
|
|
$
|
4,125.1
|
|
$
|
734.4
|
|
$
|
(193.5
|
)
|
$
|
4,666.0
|
|
|
Operating costs and expenses:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of sales
|
|
|
-
|
|
|
-
|
|
|
3,520.8
|
|
|
3,520.8
|
|
|
597.2
|
|
|
(193.5
|
)
|
|
3,924.5
|
|
|
Selling, general and administrative expenses
|
|
|
41.3
|
|
|
-
|
|
|
181.4
|
|
|
181.4
|
|
|
76.4
|
|
|
-
|
|
|
299.1
|
|
|
Transaction related costs and other, net
|
|
|
34.4
|
|
|
-
|
|
|
(2.3
|
)
|
|
(2.3
|
)
|
|
3.5
|
|
|
-
|
|
|
35.6
|
|
|
Long-lived asset impairment charges, net
|
|
|
7.5
|
|
|
-
|
|
|
25.5
|
|
|
25.5
|
|
|
3.0
|
|
|
-
|
|
|
36.0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total operating costs and expenses
|
|
|
83.2
|
|
|
-
|
|
|
3,725.4
|
|
|
3,725.4
|
|
|
680.1
|
|
|
(193.5
|
)
|
|
4,295.2
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating income (loss)
|
|
|
(83.2
|
)
|
|
-
|
|
|
399.7
|
|
|
399.7
|
|
|
54.3
|
|
|
-
|
|
|
370.8
|
|
|
Other income (expense):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest income (expense), net
|
|
|
(45.7
|
)
|
|
(45.8
|
)
|
|
37.7
|
|
|
(8.1
|
)
|
|
(22.8
|
)
|
|
-
|
|
|
(76.6
|
)
|
|
Loss on redemption and other debt costs
|
|
|
(66.1
|
)
|
|
(12.4
|
)
|
|
-
|
|
|
(12.4
|
)
|
|
-
|
|
|
-
|
|
|
(78.5
|
)
|
|
Gain on acquisition of controlling interest
|
|
|
-
|
|
|
-
|
|
|
25.9
|
|
|
25.9
|
|
|
-
|
|
|
-
|
|
|
25.9
|
|
|
Equity in income of subsidiaries
|
|
|
293.1
|
|
|
114.3
|
|
|
22.6
|
|
|
22.6
|
|
|
-
|
|
|
(315.7
|
)
|
|
-
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income before income taxes
|
|
|
98.1
|
|
|
56.1
|
|
|
485.9
|
|
|
427.7
|
|
|
31.5
|
|
|
(315.7
|
)
|
|
241.6
|
|
|
Provision for (benefit from) income taxes
|
|
|
(67.2
|
)
|
|
(19.7
|
)
|
|
157.1
|
|
|
137.4
|
|
|
3.4
|
|
|
-
|
|
|
73.6
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consolidated net income
|
|
|
165.3
|
|
|
75.8
|
|
|
328.8
|
|
|
290.3
|
|
|
28.1
|
|
|
(315.7
|
)
|
|
168.0
|
|
|
Less net income attributable to noncontrolling interest
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
2.7
|
|
|
-
|
|
|
2.7
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income attributable to Axiall
|
|
$
|
165.3
|
|
$
|
75.8
|
|
$
|
328.8
|
|
$
|
290.3
|
|
$
|
25.4
|
|
$
|
(315.7
|
)
|
$
|
165.3
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Comprehensive income attributable to Axiall
|
|
$
|
253.5
|
|
$
|
165.7
|
|
$
|
479.3
|
|
$
|
429.0
|
|
$
|
19.8
|
|
$
|
(448.8
|
)
|
$
|
253.5
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Axiall Corporation and Subsidiaries Guarantor Condensed Consolidating Statement of Operations and Comprehensive Income Year Ended December 31, 2012
|
(In millions)
|
|
Parent Company (a)
|
|
Eagle Spinco Inc.
|
|
Guarantor Subsidiaries Excluding Eagle Spinco Inc.
|
|
Guarantor Subsidiaries Including Eagle Spinco Inc. (b)
|
|
Non- Guarantor Subsidiaries (c)
|
|
Eliminations (d)
|
|
Consolidated (a) + (b) + (c) + (d)
|
|
|
Net sales
|
|
$
|
-
|
|
$
|
-
|
|
$
|
2,880.8
|
|
$
|
2,880.8
|
|
$
|
611.1
|
|
$
|
(166.1
|
)
|
$
|
3,325.8
|
|
|
Operating costs and expenses:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of sales
|
|
|
-
|
|
|
-
|
|
|
2,518.0
|
|
|
2,518.0
|
|
|
513.5
|
|
|
(166.1
|
)
|
|
2,865.4
|
|
|
Selling, general and administrative expenses
|
|
|
38.1
|
|
|
-
|
|
|
94.5
|
|
|
94.5
|
|
|
70.9
|
|
|
-
|
|
|
203.5
|
|
|
Transaction related costs and other, net
|
|
|
35.8
|
|
|
-
|
|
|
2.6
|
|
|
2.6
|
|
|
0.5
|
|
|
-
|
|
|
38.9
|
|
|
Long-lived asset impairment charges
|
|
|
-
|
|
|
-
|
|
|
(0.8
|
)
|
|
(0.8
|
)
|
|
-
|
|
|
-
|
|
|
(0.8
|
)
|
|
Gain on sale of assets
|
|
|
-
|
|
|
-
|
|
|
(19.3
|
)
|
|
(19.3
|
)
|
|
-
|
|
|
-
|
|
|
(19.3
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total operating costs and expenses
|
|
|
73.9
|
|
|
-
|
|
|
2,595.0
|
|
|
2,595.0
|
|
|
584.9
|
|
|
(166.1
|
)
|
|
3,087.7
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating income (loss)
|
|
|
(73.9
|
)
|
|
-
|
|
|
285.8
|
|
|
285.8
|
|
|
26.2
|
|
|
-
|
|
|
238.1
|
|
|
Other income (expense):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest income (expense), net
|
|
|
(89.9
|
)
|
|
-
|
|
|
56.3
|
|
|
56.3
|
|
|
(23.5
|
)
|
|
-
|
|
|
(57.1
|
)
|
|
Loss on redemption and other debt costs
|
|
|
(2.7
|
)
|
|
-
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
(2.7
|
)
|
|
Foreign exchange gain (loss)
|
|
|
0.2
|
|
|
-
|
|
|
(0.1
|
)
|
|
(0.1
|
)
|
|
(0.7
|
)
|
|
-
|
|
|
(0.6
|
)
|
|
Equity in income of subsidiaries
|
|
|
233.3
|
|
|
-
|
|
|
0.7
|
|
|
0.7
|
|
|
-
|
|
|
(234.0
|
)
|
|
-
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income before income taxes
|
|
|
67.0
|
|
|
-
|
|
|
342.7
|
|
|
342.7
|
|
|
2.0
|
|
|
(234.0
|
)
|
|
177.7
|
|
|
Provision for (benefit from) income taxes
|
|
|
(53.5
|
)
|
|
-
|
|
|
115.2
|
|
|
115.2
|
|
|
(4.5
|
)
|
|
-
|
|
|
57.2
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income attributable to Axiall
|
|
$
|
120.5
|
|
$
|
-
|
|
$
|
227.5
|
|
$
|
227.5
|
|
$
|
6.5
|
|
$
|
(234.0
|
)
|
$
|
120.5
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Comprehensive income attributable to Axiall
|
|
$
|
116.8
|
|
$
|
-
|
|
$
|
219.9
|
|
$
|
219.9
|
|
$
|
4.1
|
|
$
|
(224.0
|
)
|
$
|
116.8
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|