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72 Jarden Corporation Annual Report 2013
19. Condensed Consolidating Financial Data
The Company’s Senior Notes and Senior Subordinated Notes (see Note 9) are fully guaranteed, jointly and severally, by certain of the
Company’s domestic subsidiaries (“Guarantor Subsidiaries”). The guarantees of the Guarantor Subsidiaries are subject to release only in
certain limited circumstances. The Company’s non-United States subsidiaries and those domestic subsidiaries who are not guarantors
(“Non-Guarantor Subsidiaries”) are not guaranteeing these notes. Presented below is the condensed consolidating nancial data of the
Company (“Parent”), the Guarantor Subsidiaries and the Non-Guarantor Subsidiaries on a consolidated basis, using the equity method
of accounting for subsidiaries, as of and for the years ended December31, 2013, 2012 and 2011.
Condensed Consolidating Results of Operations
Year Ended December31, 2013
(In millions) Parent
Guarantor
Subsidiaries
Non-Guarantor
Subsidiaries EliminationsConsolidated
Net sales $— $4,930.5 $3,191.7 $(766.3)$7,355.9
Cost of sales   — 3,732.3   2,275.2 (766.3) 5,241.2
Gross prot — 1,198.2 916.5 — 2,114.7
Selling, general and administrative expenses 133.8   804.6   581.4   — 1,519.8
Reorganization costs, net —   5.8   16.2   —   22.0
Operating earnings (loss) (133.8)   387.8   318.9   — 572.9
Interest expense, net 199.3   (21.8)   17.9   — 195.4
Loss on early extinguishment of debt 25.9   —   —   —   25.9
Income (loss) before taxes and equity earnings of subsidiaries (359.0)   409.6   301.0   — 351.6
Income tax provision (benet) (124.9)   165.9   106.7   — 147.7
Equity earnings of subsidiaries 438.0   145.0   — (583.0)   —
Net income (loss) 203.9   388.7   194.3 (583.0) 203.9
Other comprehensive income (loss), net of tax (5.2)   (2.0)   (26.1)   28.1   (5.2)
Comprehensive income (loss) $198.7 $386.7 $168.2 $(554.9)$198.7
Year Ended December 31, 2012
(In millions) Parent
Guarantor
Subsidiaries
Non-Guarantor
Subsidiaries EliminationsConsolidated
Net sales $ — $4,448.1 $2,952.2 $(704.2)$6,696.1
Cost of sales   — 3,354.8   2,121.1 (704.2) 4,771.7
Gross prot — 1,093.3   831.1   — 1,924.4
Selling, general and administrative expenses 84.6   688.3   547.6   — 1,320.5
Reorganization costs, net —   12.4   14.7   —   27.1
Operating earnings (loss) (84.6)   392.6   268.8   — 576.8
Interest expense, net 213.3   (53.7)   25.7   — 185.3
Income (loss) before taxes and equity earnings of subsidiaries (297.9)   446.3   243.1   — 391.5
Income tax provision (benet) (113.6)   194.9   66.3   — 147.6
Equity earnings of subsidiaries 428.2   163.1   — (591.3)   —
Net income (loss) 243.9   414.5   176.8 (591.3) 243.9
Other comprehensive income (loss), net of tax 3.3   12.4   9.1 (21.5)   3.3
Comprehensive income (loss) $247.2 $426.9 $185.9 $(612.8)$247.2
Notes to Consolidated Financial Statements
Jarden Corporation Annual Report 2013 (Dollars in millions, except per share data and unless otherwise indicated)