24 ge ne r al c able annu al r e por t 2 012 2 0 11 2 0 10 Net Sales $ 6,014.3 $ 5,866.7 $ 4,864.9 Cost of Sales 5,400.1 5,259.0 4,319.2 Gross Profit 614.2 607.7 545.7 Selling, General and Administrative Expenses 419.4 377.6 331.6 Operating Income 194.8 230.1 214.1 Other Income (Expense) (2.9) (31.7) (28.1) Interest Income (Expense): Interest Expense (10 6.8) (99.2) (77.0) Interest Income 6.5 7.7 5.4 Loss on Extinguishment of Debt (9.3) – – (10 9.6) (91.5) (71.6) Income Before Income T axes 82.3 106.9 1 14.4 Income T ax Provision (74.2) (42.7) (46.7) Equity in Net Earnings of Affiliated Companies 1.7 2.9 1.4 Net Income Including Noncontrolling Interest 9.8 67.1 69.1 Less: Preferred Stock Dividends 0.3 0.3 0.3 Less: Net Income Attributable to Noncontrolling Interest 5.8 1.1 7.4 Net Income Attributable to Company Common Shareholders $ 3.7 $ 65.7 $ 6 1.4 EPS Earnings Per Common Share – Basic $ 0.07 $ 1.27 $ 1.18 W eighted A verage Common Shares – Basic 49.7 51.9 52.1 Earnings Per Common Share – Assuming Dilution $ 0.08 $ 1.23 $ 1.16 W eighted A verage Common Shares – Assuming Dilution 51.1 53.7 53.1 Comprehensive Income (Loss): Net Income (Loss) 9.8 67.1 69.1 Currency T ranslation Gain (Loss) 8.8 (63.1) (8.5) Defned Beneft Plan Adjustments, Net of T ax $7.3 million in 2012, $12.2 million in 2011 and $0.6 million in 2010 $ (21.3) $ (18.0) $ (2.3) Change in Fair V alue of Derivatives, Net of T ax $3.0 million in 2012, $8.2 million in 2011 and $8.4 million in 2010 $ 6.0 $ (37.6) $ (21.5) Comprehensive Income (Loss), Net of T ax $ 3.3 $ (51.6) $ 79.8 Comprehensive Income (Loss) Attributable to Noncontrolling Interest, Net of T ax $ 7.6 $ (4.9) $ (12.5) Comprehensive Income (Loss) Attributable to Company Common Shareholders Interest, Net of T ax $ (4.3) $ (46.7) $ 92.3 general cable corpora tion and subsidiaries Consolidated Statements of Operations and Comprehensive Income (Loss) (in millions, except per share data) Y ear ended d ece M ber 31, The unaudited Consolidated Financial Statements should be read in conjunction with the audited Consolidated Financial Statement s and notes in General Cable's 2 012 Annual Report on Form 10-K fled with the Securities and Exchange Commission on March 1, 2 013 .