10-Q Filing

GENERAL CABLE CORP /DE/ CIK: 886035 Q1 2011

Filing Information

Form Type	10-Q
Accession Number	`0000950123-11-046341`
Period End Date	20110331
Filing Date	20110506
Fiscal Year	2011
Fiscal Period	Q1
XBRL Instance	bgc-20110401.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 Income Statement 40 Cash Flow Statement 60

Balance Sheet 78 line items

Line Item	Tag	Value	Unit	Period
Allowances for receivables	`AllowanceForDoubtfulAccountsReceivableCurrent`	$21.10M	USD	Point-in-time
Allowances for receivables	`AllowanceForDoubtfulAccountsReceivableCurrent`	$24.40M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$426.30M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$499.40M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$415.20M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$458.70M	USD	Point-in-time
Receivables, net of allowances of $24.4 million at April 1, 2011 and $21.1 million at December 31, 2010	`ReceivablesNetCurrent`	$1.20B	USD	Point-in-time
Redeemable convertible preferred stock, liquidation preference	`PreferredStockLiquidationPreference`	$50.00	USD	Point-in-time
Receivables, net of allowances of $24.4 million at April 1, 2011 and $21.1 million at December 31, 2010	`ReceivablesNetCurrent`	$1.07B	USD	Point-in-time
Redeemable convertible preferred stock, liquidation preference	`PreferredStockLiquidationPreference`	$50.00	USD	Point-in-time
Redeemable convertible preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	76,202.00	shares	Point-in-time
Inventories, net	`InventoryNet`	$1.32B	USD	Point-in-time
Redeemable convertible preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	76,202.00	shares	Point-in-time
Inventories, net	`InventoryNet`	$1.12B	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$47.70M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$39.80M	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
Common stock, shares issued	`CommonStockSharesIssued`	52.17M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseCurrent`	$130.50M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseCurrent`	$121.30M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	52.12M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$2.81B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.12B	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	52.12M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	52.17M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	6.21M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	6.22M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.07B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.04B	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$15.80M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$11.30M	USD	Point-in-time
Goodwill	`Goodwill`	$173.50M	USD	Point-in-time
Goodwill	`Goodwill`	$174.90M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$199.60M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$196.10M	USD	Point-in-time
Unconsolidated affiliated companies	`EquityMethodInvestments`	$17.30M	USD	Point-in-time
Unconsolidated affiliated companies	`EquityMethodInvestments`	$17.90M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$79.30M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$76.50M	USD	Point-in-time
Total assets	`Assets`	$4.67B	USD	Point-in-time
Total assets	`Assets`	$4.33B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.05B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$922.50M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$398.40M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$376.70M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$181.80M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$121.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.42B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.63B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$913.20M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$864.50M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$202.40M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$209.90M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$238.40M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$235.30M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.99B	USD	Point-in-time
Total liabilities	`Liabilities`	$2.72B	USD	Point-in-time
Redeemable convertible preferred stock, at redemption value (liquidation preference of $50.00 per share): April 1, 2011 - 76,202 shares outstanding December 31, 2010 - 76,202 shares outstanding	`PreferredStockValue`	$3.80M	USD	Point-in-time
Redeemable convertible preferred stock, at redemption value (liquidation preference of $50.00 per share): April 1, 2011 - 76,202 shares outstanding December 31, 2010 - 76,202 shares outstanding	`PreferredStockValue`	$3.80M	USD	Point-in-time
Common stock, $0.01 par value, issued and outstanding shares: April 1, 2011 - 52,165,947 (net of 6,216,259 treasury shares) December 31, 2010 - 52,116,390 (net of 6,211,854 treasury shares)	`CommonStockValue`	$600.00K	USD	Point-in-time
Common stock, $0.01 par value, issued and outstanding shares: April 1, 2011 - 52,165,947 (net of 6,216,259 treasury shares) December 31, 2010 - 52,116,390 (net of 6,211,854 treasury shares)	`CommonStockValue`	$600.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$656.50M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$652.80M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$74.70M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$74.00M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$913.50M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$875.30M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$23.50M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$52.70M	USD	Point-in-time
Total Company shareholders' equity	`StockholdersEquity`	$1.48B	USD	Point-in-time
Total Company shareholders' equity	`StockholdersEquity`	$1.55B	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$123.30M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$122.20M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.61B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.67B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$4.33B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$4.67B	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$1.10B	USD	1 Quarter
Net sales	`SalesRevenueNet`	$1.45B	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$1.28B	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$960.40M	USD	1 Quarter
Gross profit	`GrossProfit`	$137.60M	USD	1 Quarter
Gross profit	`GrossProfit`	$167.00M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$80.30M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$93.90M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$73.10M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$57.30M	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	$-36.50M	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	$7.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$24.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$19.00M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$2.00M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.10M	USD	1 Quarter
Interest income (expense) total	`InterestIncomeExpenseNet`	$-22.00M	USD	1 Quarter
Interest income (expense) total	`InterestIncomeExpenseNet`	$-17.90M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$2.90M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$58.10M	USD	1 Quarter
Income tax (provision) benefit	`IncomeTaxExpenseBenefit`	$19.40M	USD	1 Quarter
Income tax (provision) benefit	`IncomeTaxExpenseBenefit`	$8.30M	USD	1 Quarter
Equity in earnings (loss) of affiliated companies	`IncomeLossFromEquityMethodInvestments`	$400.00K	USD	1 Quarter
Equity in earnings (loss) of affiliated companies	`IncomeLossFromEquityMethodInvestments`	$300.00K	USD	1 Quarter
Net earnings (loss) including noncontrolling interest	`ProfitLoss`	$39.10M	USD	1 Quarter
Net earnings (loss) including noncontrolling interest	`ProfitLoss`	$-5.10M	USD	1 Quarter
Less: preferred stock dividends	`PreferredStockDividends`	$100.00K	USD	1 Quarter
Less: preferred stock dividends	`PreferredStockDividends`	$100.00K	USD	1 Quarter
Less: net income (loss) attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$800.00K	USD	1 Quarter
Less: net income (loss) attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$2.60M	USD	1 Quarter
Net income (loss) attributable to Company common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$38.20M	USD	1 Quarter
Net income (loss) attributable to Company common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-7.80M	USD	1 Quarter
Earnings (loss) per common share - basic	`EarningsPerShareBasic`	$0.73	USD	1 Quarter
Earnings (loss) per common share - basic	`EarningsPerShareBasic`	$-0.15	USD	1 Quarter
Weighted average common shares-basic	`WeightedAverageNumberOfSharesOutstandingBasic`	52.10M	shares	1 Quarter
Weighted average common shares-basic	`WeightedAverageNumberOfSharesOutstandingBasic`	52.00M	shares	1 Quarter
Earnings (loss) per common share - assuming dilution	`EarningsPerShareDiluted`	$-0.15	USD	1 Quarter
Earnings (loss) per common share - assuming dilution	`EarningsPerShareDiluted`	$0.70	USD	1 Quarter
Weighted average common shares-assuming dilution	`WeightedAverageNumberOfDilutedSharesOutstanding`	54.50M	shares	1 Quarter
Weighted average common shares-assuming dilution	`WeightedAverageNumberOfDilutedSharesOutstanding`	52.00M	shares	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net income (loss) including noncontrolling interest	`ProfitLoss`	$39.10M	USD	1 Quarter
Net income (loss) including noncontrolling interest	`ProfitLoss`	$-5.10M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$27.70M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$25.30M	USD	1 Quarter
Amortization on restricted stock awards	`RestrictedStockExpense`	$1.00M	USD	1 Quarter
Amortization on restricted stock awards	`RestrictedStockExpense`	$1.00M	USD	1 Quarter
Foreign currency exchange (gain) loss	`ForeignCurrencyTransactionGainLossUnrealized`	$-200.00K	USD	1 Quarter
Foreign currency exchange (gain) loss	`ForeignCurrencyTransactionGainLossUnrealized`	$-36.50M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-6.40M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-5.60M	USD	1 Quarter
Excess tax (benefits) deficiencies from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$700.00K	USD	1 Quarter
Convertible debt instruments noncash interest charges	`ConvertibleDebtInstrumentsNoncashInterestCharges`	$5.10M	USD	1 Quarter
Convertible debt instruments noncash interest charges	`ConvertibleDebtInstrumentsNoncashInterestCharges`	$4.70M	USD	1 Quarter
(Gain) loss on disposal of property	`GainLossOnSaleOfPropertyPlantEquipment`	$100.00K	USD	1 Quarter
(Gain) loss on disposal of property	`GainLossOnSaleOfPropertyPlantEquipment`	$-100.00K	USD	1 Quarter
(Increase) decrease in receivables	`IncreaseDecreaseInAccountsReceivable`	$-7.10M	USD	1 Quarter
(Increase) decrease in receivables	`IncreaseDecreaseInAccountsReceivable`	$100.60M	USD	1 Quarter
(Increase) decrease in inventories	`IncreaseDecreaseInInventories`	$113.70M	USD	1 Quarter
(Increase) decrease in inventories	`IncreaseDecreaseInInventories`	$176.80M	USD	1 Quarter
(Increase) decrease in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$6.10M	USD	1 Quarter
(Increase) decrease in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$7.30M	USD	1 Quarter
Increase (decrease) in accounts payable, accrued and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$113.00M	USD	1 Quarter
Increase (decrease) in accounts payable, accrued and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$37.90M	USD	1 Quarter
Net cash flows of operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-18.10M	USD	1 Quarter
Net cash flows of operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-105.60M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$19.70M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$26.60M	USD	1 Quarter
Proceeds from properties sold	`ProceedsFromSaleOfProductiveAssets`	$300.00K	USD	1 Quarter
Proceeds from properties sold	`ProceedsFromSaleOfProductiveAssets`	$2.90M	USD	1 Quarter
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$8.20M	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$1.10M	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`	$-26.10M	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
Proceeds from revolving credit borrowings	`ProceedsFromLinesOfCredit`	$180.40M	USD	1 Quarter
Repayments of revolving credit borrowings	`RepaymentsOfLinesOfCredit`	$131.70M	USD	1 Quarter
Proceeds (repayments) of other debt	`ProceedsFromRepaymentsOfOtherDebt`	$11.60M	USD	1 Quarter
Proceeds (repayments) of other debt	`ProceedsFromRepaymentsOfOtherDebt`	$48.50M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$700.00K	USD	1 Quarter
Net cash flows of financing activities	`NetCashProvidedByUsedInFinancingActivities`	$11.50M	USD	1 Quarter
Net cash flows of financing activities	`NetCashProvidedByUsedInFinancingActivities`	$98.50M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-10.60M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-40.40M	USD	1 Quarter
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-73.10M	USD	1 Quarter
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-43.50M	USD	1 Quarter
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$426.30M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$499.40M	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`	$458.70M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$426.30M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$499.40M	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`	$458.70M	USD	Point-in-time
Income tax payments, net of refunds	`IncomeTaxesPaidNet`	$3.30M	USD	1 Quarter
Income tax payments, net of refunds	`IncomeTaxesPaidNet`	$6.10M	USD	1 Quarter
Interest paid	`InterestPaid`	$10.90M	USD	1 Quarter
Interest paid	`InterestPaid`	$13.20M	USD	1 Quarter

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