10-Q Filing

GENERAL CABLE CORP /DE/ CIK: 886035 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0000886035-12-000022`
Period End Date	20120331
Filing Date	20120504
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	bgc-20120330.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 82 Income Statement 42 Cash Flow Statement 68

Balance Sheet 82 line items

Line Item	Tag	Value	Unit	Period
Allowances for receivables	`AllowanceForNotesAndLoansReceivableCurrent`	$21.00M	USD	Point-in-time
Allowances for receivables	`AllowanceForNotesAndLoansReceivableCurrent`	$17.20M	USD	Point-in-time
Redeemable convertible preferred stock, liquidation preference	`PreferredStockLiquidationPreference`	$50.00	USD	Point-in-time
Redeemable convertible preferred stock, liquidation preference	`PreferredStockLiquidationPreference`	$50.00	USD	Point-in-time
Redeemable convertible preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	76,002.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$458.70M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$427.10M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$415.20M	USD	Point-in-time
Redeemable convertible preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	76,002.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$434.10M	USD	Point-in-time
Receivables, net of allowances of $21.0 million at March 30, 2012 and $17.2 million at December 31, 2011	`ReceivablesNetCurrent`	$1.08B	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Receivables, net of allowances of $21.0 million at March 30, 2012 and $17.2 million at December 31, 2011	`ReceivablesNetCurrent`	$1.18B	USD	Point-in-time
Inventories, net	`InventoryNet`	$1.27B	USD	Point-in-time
Inventories, net	`InventoryNet`	$1.23B	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	49.70M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	49.77M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	49.77M	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$43.40M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$34.10M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	49.70M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseCurrent`	$100.00M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	8.76M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseCurrent`	$104.00M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	8.69M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$3.02B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.89B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.03B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.05B	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$24.80M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$18.60M	USD	Point-in-time
Goodwill	`Goodwill`	$164.90M	USD	Point-in-time
Goodwill	`Goodwill`	$167.30M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$181.50M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$181.60M	USD	Point-in-time
Unconsolidated affiliated companies	`EquityMethodInvestments`	$18.60M	USD	Point-in-time
Unconsolidated affiliated companies	`EquityMethodInvestments`	$18.80M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$66.50M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$71.00M	USD	Point-in-time
Total assets	`Assets`	$4.37B	USD	Point-in-time
Total assets	`Assets`	$4.53B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$946.50M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$937.70M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$420.00M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$427.20M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$169.90M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$156.30M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.52B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.53B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$944.70M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$892.60M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$206.80M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$200.00M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$249.00M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$243.10M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.94B	USD	Point-in-time
Total liabilities	`Liabilities`	$2.86B	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Redeemable convertible preferred stock, at redemption value (liquidation preference of $50.00 per share): March 30, 2012 76,002 shares outstanding; December 31, 2011 76,002 shares outstanding	`PreferredStockValue`	$3.80M	USD	Point-in-time
Redeemable convertible preferred stock, at redemption value (liquidation preference of $50.00 per share): March 30, 2012 76,002 shares outstanding; December 31, 2011 76,002 shares outstanding	`PreferredStockValue`	$3.80M	USD	Point-in-time
Common stock, $0.01 par value, issued and outstanding shares: March 30, 2012 49,767,453 (net of 8,693,465 treasury shares), December 31, 2011 49,697,763 (net of 8,758,267 treasury shares)	`CommonStockValue`	$600.00K	USD	Point-in-time
Common stock, $0.01 par value, issued and outstanding shares: March 30, 2012 49,767,453 (net of 8,693,465 treasury shares), December 31, 2011 49,697,763 (net of 8,758,267 treasury shares)	`CommonStockValue`	$600.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$668.90M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$666.70M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$136.50M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$135.50M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$984.00M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$959.10M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-48.10M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-95.10M	USD	Point-in-time
Total Company shareholders' equity	`StockholdersEquity`	$1.40B	USD	Point-in-time
Total Company shareholders' equity	`StockholdersEquity`	$1.47B	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$117.10M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$113.30M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.61B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.67B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.51B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.59B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$4.53B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$4.37B	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$1.43B	USD	1 Quarter
Net sales	`SalesRevenueNet`	$1.45B	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$1.28B	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$1.29B	USD	1 Quarter
Gross profit	`GrossProfit`	$147.20M	USD	1 Quarter
Gross profit	`GrossProfit`	$167.00M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$93.90M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$93.80M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$73.10M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$53.40M	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	$6.80M	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	$7.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$24.70M	USD	1 Quarter
Interest expense	`InterestExpense`	$24.00M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$2.00M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.70M	USD	1 Quarter
Interest income (expense), total	`InterestIncomeExpenseNet`	$-23.00M	USD	1 Quarter
Interest income (expense), total	`InterestIncomeExpenseNet`	$-22.00M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$37.20M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$58.10M	USD	1 Quarter
Income tax (provision) benefit	`IncomeTaxExpenseBenefit`	$19.40M	USD	1 Quarter
Income tax (provision) benefit	`IncomeTaxExpenseBenefit`	$10.90M	USD	1 Quarter
Equity in net earnings of affiliated companies	`IncomeLossFromEquityMethodInvestments`	$400.00K	USD	1 Quarter
Equity in net earnings of affiliated companies	`IncomeLossFromEquityMethodInvestments`	-	USD	1 Quarter
Net income including non-controlling interest	`ProfitLoss`	$39.10M	USD	1 Quarter
Net income including non-controlling interest	`ProfitLoss`	$26.30M	USD	1 Quarter
Less: preferred stock dividends	`DividendsPreferredStock`	$100.00K	USD	1 Quarter
Less: preferred stock dividends	`DividendsPreferredStock`	$100.00K	USD	1 Quarter
Less: net income attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.30M	USD	1 Quarter
Less: net income attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$800.00K	USD	1 Quarter
Net income attributable to Company common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$24.90M	USD	1 Quarter
Net income attributable to Company common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$38.20M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$67.70M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$76.40M	USD	1 Quarter
Earnings per common share-basic	`EarningsPerShareBasic`	$0.73	USD	1 Quarter
Earnings per common share-basic	`EarningsPerShareBasic`	$0.50	USD	1 Quarter
Weighted average common shares-basic	`WeightedAverageNumberOfSharesOutstandingBasic`	52.10M	shares	1 Quarter
Weighted average common shares-basic	`WeightedAverageNumberOfSharesOutstandingBasic`	49.70M	shares	1 Quarter
Earnings per common share-assuming dilution	`EarningsPerShareDiluted`	$0.70	USD	1 Quarter
Earnings per common share-assuming dilution	`EarningsPerShareDiluted`	$0.49	USD	1 Quarter
Weighted average common shares-assuming dilution	`WeightedAverageNumberOfDilutedSharesOutstanding`	54.50M	shares	1 Quarter
Weighted average common shares-assuming dilution	`WeightedAverageNumberOfDilutedSharesOutstanding`	51.10M	shares	1 Quarter

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net income (loss) including non-controlling interest	`ProfitLoss`	$39.10M	USD	1 Quarter
Net income (loss) including non-controlling interest	`ProfitLoss`	$26.30M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$27.70M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$26.80M	USD	1 Quarter
Amortization on restricted stock awards	`RestrictedStockExpense`	$800.00K	USD	1 Quarter
Amortization on restricted stock awards	`RestrictedStockExpense`	$1.00M	USD	1 Quarter
Foreign currency exchange (gain) loss	`ForeignCurrencyTransactionGainLossUnrealized`	$-800.00K	USD	1 Quarter
Foreign currency exchange (gain) loss	`ForeignCurrencyTransactionGainLossUnrealized`	$-200.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$10.00M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-6.40M	USD	1 Quarter
Excess tax (benefits) deficiencies from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$100.00K	USD	1 Quarter
Excess tax (benefits) deficiencies from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$700.00K	USD	1 Quarter
Convertible debt instruments noncash interest charges	`DebtInstrumentConvertibleInterestExpense`	$5.40M	USD	1 Quarter
Convertible debt instruments noncash interest charges	`DebtInstrumentConvertibleInterestExpense`	$5.10M	USD	1 Quarter
(Gain) loss on disposal of property	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	1 Quarter
(Gain) loss on disposal of property	`GainLossOnSaleOfPropertyPlantEquipment`	$-100.00K	USD	1 Quarter
(Increase) decrease in receivables	`IncreaseDecreaseInAccountsReceivable`	$100.60M	USD	1 Quarter
(Increase) decrease in receivables	`IncreaseDecreaseInAccountsReceivable`	$82.00M	USD	1 Quarter
(Increase) decrease in inventories	`IncreaseDecreaseInInventories`	$176.80M	USD	1 Quarter
(Increase) decrease in inventories	`IncreaseDecreaseInInventories`	$15.90M	USD	1 Quarter
(Increase) decrease in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$200.00K	USD	1 Quarter
(Increase) decrease in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$7.30M	USD	1 Quarter
Increase (decrease) in accounts payable, accrued and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-6.50M	USD	1 Quarter
Increase (decrease) in accounts payable, accrued and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$113.00M	USD	1 Quarter
Net cash flows of operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-34.60M	USD	1 Quarter
Net cash flows of operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-105.60M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$35.90M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$26.60M	USD	1 Quarter
Proceeds from properties sold	`ProceedsFromSaleOfProductiveAssets`	$4.20M	USD	1 Quarter
Proceeds from properties sold	`ProceedsFromSaleOfProductiveAssets`	$300.00K	USD	1 Quarter
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	-	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-500.00K	USD	1 Quarter
Net cash flows of investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-25.80M	USD	1 Quarter
Net cash flows of investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-31.70M	USD	1 Quarter
Preferred stock dividends paid	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$100.00K	USD	1 Quarter
Preferred stock dividends paid	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$100.00K	USD	1 Quarter
Excess tax benefits (deficiencies) from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$700.00K	USD	1 Quarter
Excess tax benefits (deficiencies) from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$100.00K	USD	1 Quarter
Proceeds from other debt	`ProceedsFromOtherDebt`	$378.70M	USD	1 Quarter
Proceeds from other debt	`ProceedsFromOtherDebt`	$450.00M	USD	1 Quarter
Repayments of other debt	`RepaymentsOfOtherDebt`	$398.30M	USD	1 Quarter
Repayments of other debt	`RepaymentsOfOtherDebt`	$281.50M	USD	1 Quarter
Dividends paid to non-controlling interest	`PaymentsOfDividendsMinorityInterest`	$600.00K	USD	1 Quarter
Dividends paid to non-controlling interest	`PaymentsOfDividendsMinorityInterest`	-	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$100.00K	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$700.00K	USD	1 Quarter
Net cash flows of financing activities	`NetCashProvidedByUsedInFinancingActivities`	$98.50M	USD	1 Quarter
Net cash flows of financing activities	`NetCashProvidedByUsedInFinancingActivities`	$51.20M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$8.10M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-10.60M	USD	1 Quarter
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-7.00M	USD	1 Quarter
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-43.50M	USD	1 Quarter
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$458.70M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$427.10M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$415.20M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$434.10M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$458.70M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$427.10M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$415.20M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$434.10M	USD	Point-in-time
Income tax payments, net of refunds	`IncomeTaxesPaidNet`	$6.50M	USD	1 Quarter
Income tax payments, net of refunds	`IncomeTaxesPaidNet`	$6.10M	USD	1 Quarter
Interest paid	`InterestPaid`	$14.80M	USD	1 Quarter
Interest paid	`InterestPaid`	$13.20M	USD	1 Quarter
Capital expenditures included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$29.00M	USD	1 Quarter
Capital expenditures included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$28.00M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.