$1.5 B

BGC Mkt cap, 05-Jun-2018

General Cable Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

5.8 b6 b4.5 b3.9 b

Revenue growth, %

3%(25%)(15%)

Cost of goods sold

5.2 b5.6 b4.1 b3.5 b

Gross profit

605 m393.2 m432.4 m407.1 m

Gross profit Margin, %

10%7%10%11%

General and administrative expense

429.2 m450.7 m412.3 m408.9 m

Operating expense total

429.2 m450.7 m412.3 m408.9 m

EBIT

175.8 m(311.4 m)14.5 m(18.3 m)

EBIT margin, %

3%(5%)0%0%

Interest expense

122.1 m116.3 m97 m89.5 m

Interest income

6 m4.5 m2.7 m2.5 m

Pre tax profit

(6.9 m)(636.1 m)(151.1 m)(98.1 m)

Income tax expense

(30.5 m)(8.3 m)14.8 m3.7 m

Net Income

(10.1 m)(643 m)(135.8 m)(93.5 m)

Quarterly

USDQ2, 2014Q3, 2014Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2016Q1, 2017

Revenue

1.5 b1.5 b1.3 b1.1 b1 b974 m990 m924.5 m918.2 m

Cost of goods sold

1.4 b1.4 b1.1 b990.2 m909.2 m867.9 m873.8 m821.6 m799.6 m

Gross profit

131.8 m26.6 m120.7 m123.2 m118.1 m106.1 m116.2 m102.9 m118.6 m

Gross profit Margin, %

9%2%10%11%11%11%12%11%13%

General and administrative expense

115.6 m101.9 m109.6 m97.8 m101 m88.9 m55.6 m86.1 m94.8 m

Operating expense total

115.6 m101.9 m109.6 m97.8 m101 m88.9 m55.6 m86.1 m94.8 m

EBIT

14.1 m(78.6 m)7.9 m23.7 m17.1 m15.3 m58.1 m4.7 m23.8 m

EBIT margin, %

1%(5%)1%2%2%2%6%1%3%

Interest expense

29.7 m28.5 m25.2 m25.3 m22.6 m21.5 m22.7 m22.5 m20.7 m

Interest income

1 m800 k900 k500 k500 k300 k300 k200 k600 k

Pre tax profit

(11 m)(123.6 m)(41.3 m)(7.1 m)(31.8 m)(7.3 m)44.8 m(19.7 m)18.7 m

Income tax expense

(12.1 m)4.5 m200 k5.5 m(4.5 m)(800 k)(11.4 m)5.7 m(6.3 m)

Net Income

(22.7 m)(118.8 m)(40.9 m)(8.4 m)(31.8 m)(4.4 m)28.3 m(13.7 m)12.4 m

General Cable Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

418.8 m205.8 m79.7 m101.1 m

Accounts Receivable

279 k

Inventories

1.2 b1 b807.8 m768.2 m

Current Assets

3 b2.4 b1.7 b1.6 b1.6 b

PP&E

1.1 b758.4 m523.5 m529.3 m

Goodwill

184.6 m26.1 m22.2 m12 m11 m

Total Assets

4.6 b3.4 b2.5 b2.2 b

Accounts Payable

870.6 m672.1 m411.4 m414 m

Short-term debt

250.3 m403.5 m154.9 m67.5 m

Current Liabilities

1.6 b1.5 b949.3 m901.1 m

Long-term debt

1.1 b933.9 m923.7 m871.1 m

Total Debt

1.4 b1.3 b1.1 b938.6 m

Total Liabilities

2.1 b

Additional Paid-in Capital

699.6 m714.8 m720.5 m711 m

Retained Earnings

847.4 m184.4 m27.2 m(102.2 m)

Total Equity

1.4 b513.2 m242.9 m168.9 m

Debt to Equity Ratio

1 x2.6 x4.4 x5.6 x

Debt to Assets Ratio

0.3 x0.4 x0.4 x0.4 x

Financial Leverage

3.3 x6.6 x10.2 x13.3 x

Quarterly

USDQ2, 2014Q3, 2014Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2016Q1, 2017Q1, 2018

Cash

299.1 m272.4 m167.6 m102.3 m78.9 m86.5 m62.8 m120.2 m83.4 m

Inventories

1.3 b1.3 b978.1 m897.8 m842.8 m828 m771.5 m779.6 m818.1 m

Current Assets

3.1 b2.9 b2.2 b2.2 b2 b1.9 b1.8 b1.7 b1.7 b

PP&E

1 b887.9 m704.6 m604 m572 m523.9 m506.3 m544.1 m529 m

Goodwill

27.3 m27 m22.4 m23.3 m23 m20.6 m19.7 m12.2 m12.1 m11 m

Total Assets

4.3 b4 b3.1 b3.1 b2.7 b2.6 b2.5 b2.4 b2.3 b

Accounts Payable

930.2 m855.6 m730.1 m625.7 m538.3 m470.1 m427.7 m417.4 m424.9 m

Short-term debt

422.2 m407.4 m221.4 m217.9 m139.9 m172.8 m133.8 m96.1 m59.6 m

Current Liabilities

1.7 b1.7 b1.3 b1.3 b1.1 b1 b947.5 m855.9 m825.3 m

Long-term debt

1.1 b1.1 b991.9 m969.5 m952.8 m973.8 m890.3 m896.9 m992.9 m

Total Liabilities

2.1 b

Additional Paid-in Capital

704.8 m707.5 m711.3 m713.5 m716.5 m712.2 m713.7 m714.1 m705.9 m

Retained Earnings

489.4 m356.4 m137.4 m121.7 m83.9 m13.6 m34.5 m11.3 m(98.3 m)

Total Equity

976.5 m794.3 m415.3 m387.8 m316 m261.6 m284.4 m277 m181 m

Financial Leverage

4.4 x5.1 x7.6 x8 x8.6 x9.9 x8.7 x8.6 x12.7 x

General Cable Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(10.1 m)(643 m)(135.8 m)(103.7 m)

Depreciation and Amortization

132.6 m125.4 m90.5 m86 m

Accounts Payable

(39.3 m)2.8 m

Long-term Borrowings

(3.2 b)(1.6 b)

Dividends Paid

(27 m)(35.4 m)(35.3 m)(35.6 m)

Interest Paid

93.6 m111 m84.8 m81.4 m

Quarterly

USDQ2, 2014Q3, 2014Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2016Q1, 2017Q1, 2018

Net Income

(22.7 m)(118.8 m)(40.9 m)(8.4 m)(31.8 m)(4.4 m)28.3 m(13.7 m)12.4 m

Inventories

897.8 m842.8 m828 m771.5 m779.6 m818.1 m

Accounts Payable

625.7 m538.3 m470.1 m427.7 m417.4 m424.9 m
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