Spreadsheet: 01728e93-303b-45b4-8925-588cabdf36c4
Sheet: Sheet1

Unnamed: 0 | Unnamed: 1 | Unnamed: 2 | Unnamed: 3 | Unnamed: 4 | Unnamed: 5 | Unnamed: 6 | Unnamed: 7 | Unnamed: 8 | Unnamed: 9 | Unnamed: 10 | Unnamed: 11 | Unnamed: 12 | Unnamed: 13 | Unnamed: 14 | Unnamed: 15 | Unnamed: 16 | Unnamed: 17 | Unnamed: 18 | Unnamed: 19 | Unnamed: 20 | Unnamed: 21 | Unnamed: 22 | Unnamed: 23 | Unnamed: 24 | Unnamed: 25 | Unnamed: 26 | Unnamed: 27 | Unnamed: 28 | Unnamed: 29
 | Amounts in millions, except per share data |  | 2011 |  |  |  |  |  |  |  |  |  | 2012 |  |  |  |  |  |  |  |  |  | 2013
 |  |  | 1st |  | 2nd |  | 3rd |  | 4th |  |  |  | 1st |  | 2nd |  | 3rd |  | 4th |  |  |  | 1st |  | 2nd |  | 3rd
As Reported: |  |  | Quarter * |  | Quarter * |  | Quarter * |  | Quarter |  | Year-to-Date |  | Quarter * |  | Quarter * |  | Quarter * |  | Quarter |  | Year-to-Date |  | Quarter * |  | Quarter * |  | Quarter * |  | Year-to-Date *
Net Sales |  |  | 1797.7 |  | 2358.6 |  | 2099.1 |  | 2517.8 |  | 8773.2 |  | 2273.7 |  | 2690.1 |  | 2295 |  | 2703.4 |  | 9962.199999999999 |  | 2403.1 |  | 3048.2 |  | 2475.9 |  | 7927.199999999999
Cost of goods sold |  |  | 1441.8 |  | 1870.3 |  | 1691.3 |  | 1993.7 |  | 6997.099999999999 |  | 1780.7 |  | 2078.7 |  | 1804 |  | 2175.6 |  | 7839 |  | 1870 |  | 2337.9 |  | 1919.7 |  | 6127.599999999999
 | Gross profit |  | 355.9000000000001 |  | 488.3 |  | 407.8 |  | 524.1000000000001 |  | 1776.100000000001 |  | 492.9999999999998 |  | 611.4000000000001 |  | 491 |  | 527.8000000000002 |  | 2123.199999999999 |  | 533.0999999999999 |  | 710.2999999999997 |  | 556.2 |  | 1799.599999999999
Selling, general and administrative expenses |  |  | 184.7 |  | 216.5 |  | 221.2 |  | 246.9 |  | 869.3 |  | 238.9 |  | 255 |  | 262.8 |  | 284.5 |  | 1041.2 |  | 255.7 |  | 279.7 |  | 258.1 |  | 793.5
Engineering expenses |  |  | 57.9 |  | 66.2 |  | 67.5 |  | 84 |  | 275.6 |  | 72.1 |  | 79 |  | 76.4 |  | 89.6 |  | 317.1 |  | 88 |  | 91.4 |  | 87.3 |  | 266.7
Restructuring and other infrequent expenses (income) |  |  | 0.2 |  | -0.9 |  | 0 |  | 0 |  | -0.7 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0
Impairment charge |  |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 22.4 |  | 22.4 |  | 0 |  | 0 |  | 0 |  | 0
Amortization of intangibles |  |  | 4.4 |  | 4.9 |  | 4.8 |  | 7.5 |  | 21.6 |  | 12.2 |  | 12.5 |  | 12.2 |  | 12.4 |  | 49.3 |  | 12 |  | 12.1 |  | 11.8 |  | 35.90000000000001
 | Income from operations |  | 108.7000000000001 |  | 201.6 |  | 114.3 |  | 185.7000000000002 |  | 610.3000000000013 |  | 169.7999999999998 |  | 264.9000000000001 |  | 139.6 |  | 118.9000000000002 |  | 693.1999999999987 |  | 177.3999999999999 |  | 327.0999999999997 |  | 199 |  | 703.4999999999993
Interest expense, net |  |  | 5.5 |  | 12.5 |  | 3.1 |  | 9.1 |  | 30.2 |  | 13 |  | 14.7 |  | 15.8 |  | 14.1 |  | 57.6 |  | 12.6 |  | 13.5 |  | 14.1 |  | 40.2
Other expense, net |  |  | 2.3 |  | 7.9 |  | 7.1 |  | 1.8 |  | 19.1 |  | 4.4 |  | 6.1 |  | 13.8 |  | 10.5 |  | 34.8 |  | 3.7 |  | 10.2 |  | 11.3 |  | 25.2
Income before income taxes and equity in net earnings of affiliates |  |  | 100.9000000000001 |  | 181.2 |  | 104.1 |  | 174.8000000000002 |  | 561.0000000000014 |  | 152.3999999999998 |  | 244.1000000000001 |  | 110 |  | 94.30000000000021 |  | 600.7999999999987 |  | 161.0999999999999 |  | 303.3999999999997 |  | 173.6 |  | 638.0999999999993
Income tax provision (benefit) |  |  | 30.7 |  | 61.1 |  | 31.6 |  | -98.8 |  | 24.60000000000001 |  | 43.2 |  | 57.3 |  | 30.5 |  | 6.9 |  | 137.9 |  | 52.9 |  | 104.4 |  | 62.5 |  | 219.8
Income before equity in net earnings of affiliates |  |  | 70.2000000000001 |  | 120.1 |  | 72.49999999999994 |  | 273.6000000000001 |  | 536.4000000000013 |  | 109.1999999999998 |  | 186.8000000000001 |  | 79.49999999999997 |  | 87.4000000000002 |  | 462.8999999999987 |  | 108.1999999999999 |  | 198.9999999999997 |  | 111.1 |  | 418.2999999999993
Equity in net earnings of affiliates |  |  | 11.4 |  | 13.8 |  | 12 |  | 11.7 |  | 48.90000000000001 |  | 12 |  | 15.3 |  | 12.6 |  | 13.6 |  | 53.5 |  | 8.9 |  | 14.1 |  | 14.1 |  | 37.1
Net income |  |  | 81.60000000000011 |  | 133.9 |  | 84.49999999999994 |  | 285.3000000000001 |  | 585.3000000000013 |  | 121.1999999999998 |  | 202.1000000000001 |  | 92.09999999999997 |  | 101.0000000000002 |  | 516.3999999999987 |  | 117.0999999999999 |  | 213.0999999999997 |  | 125.2 |  | 455.3999999999994
Net (income) loss attributable to noncontrolling interests |  |  | -1.6 |  | -0.2 |  | -0.1 |  | -0.1 |  | -2 |  | -1 |  | 2.8 |  | 2.4 |  | 1.5 |  | 5.699999999999999 |  | 0.9 |  | 0.6 |  | 1 |  | 2.5
Net income attributable to AGCO Corporation and subsidiaries |  |  | 80.00000000000011 |  | 133.7 |  | 84.39999999999995 |  | 285.2000000000001 |  | 583.3000000000013 |  | 120.1999999999998 |  | 204.9000000000001 |  | 94.49999999999997 |  | 102.5000000000002 |  | 522.0999999999988 |  | 117.9999999999999 |  | 213.6999999999997 |  | 126.2 |  | 457.8999999999994
Net income per common share - diluted (1) |  |  | 0.8138351983723308 |  | 1.355983772819473 |  | 0.8710010319917435 |  | 2.904276985743382 |  | 5.945973496432226 |  | 1.212916246215941 |  | 2.082317073170732 |  | 0.9603658536585362 |  | 1.04060913705584 |  | 5.295131845841773 |  | 1.19071644803229 |  | 2.152064451158104 |  | 1.268341708542714 |  | 4.611278952668674
Weighted average number of common and common equivalent        shares outstanding - diluted |  |  | 98.3 |  | 98.6 |  | 96.9 |  | 98.2 |  | 98.1 |  | 99.1 |  | 98.4 |  | 98.4 |  | 98.5 |  | 98.6 |  | 99.1 |  | 99.3 |  | 99.5 |  | 99.3
As adjusted (a non-GAAP measure):
 | Impairment charge (2) |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 22.4 |  | 22.4 |  | 0 |  | 0 |  | 0 |  | 0
 | Restructuring and other infrequent expenses (income) (1)(3) |  | 0.2 |  | -0.9 |  | 0 |  | 0 |  | -0.7 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0
 | GSI Acquisition (4) |  | 0 |  | 0 |  | 0 |  | 5.8 |  | 5.8 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0
Adjusted income from operations |  |  | 108.9000000000001 |  | 200.7 |  | 114.3 |  | 191.5000000000002 |  | 615.4000000000012 |  | 169.7999999999998 |  | 264.9000000000001 |  | 139.6 |  | 141.3000000000002 |  | 715.5999999999987 |  | 177.3999999999999 |  | 327.0999999999997 |  | 199 |  | 703.4999999999993
 | Tax adjustments (5) |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | -26.9 |  | -26.9 |  | 0 |  | 0 |  | 0 |  | 0
 | Impairment charge (2) |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 22.4 |  | 22.4 |  | 0 |  | 0 |  | 0 |  | 0
 | Restructuring and other infrequent expenses (income) (1)(3) |  | 0.1 |  | -0.6 |  | 0 |  | 0 |  | -0.5 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0
 | GSI Acquisition (4) |  | 0 |  | 0 |  | 0 |  | -143.5 |  | -143.5 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0
Adjusted net income attributable to AGCO Corporation and subsidiaries ** |  |  | 80.10000000000011 |  | 133.1 |  | 84.39999999999995 |  | 141.7000000000001 |  | 439.3000000000013 |  | 120.1999999999998 |  | 204.9000000000001 |  | 94.49999999999997 |  | 98.0000000000002 |  | 517.5999999999988 |  | 117.9999999999999 |  | 213.6999999999997 |  | 126.2 |  | 457.8999999999994
 | Tax adjustments (5) |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | -0.27 |  | -0.27 |  | 0 |  | 0 |  | 0 |  | 0
 | Impairment charge (2) |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0.22 |  | 0.22 |  | 0 |  | 0 |  | 0 |  | 0
 | Restructuring and other infrequent expenses (income) (1)(3) |  | 0 |  | -0.01 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0
 | GSI Acquisition (4) |  | 0 |  | 0 |  | 0 |  | -1.46 |  | -1.47 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0
Adjusted net income per common shares - diluted ** |  |  | 0.8138351983723308 |  | 1.345983772819473 |  | 0.8710010319917435 |  | 1.444276985743382 |  | 4.475973496432226 |  | 1.212916246215941 |  | 2.082317073170732 |  | 0.9603658536585362 |  | 0.9906091370558396 |  | 5.245131845841772 |  | 1.19071644803229 |  | 2.152064451158104 |  | 1.268341708542714 |  | 4.611278952668674
-1 | For 2011, the quarters ended March 31, June 30, September 30 and December 31 include restructuring and other infrequent expenses (income) of $0.2 million, ($0.9) million, $0.0 million and $0.0 million, respectively, thereby impacting net income per common share on a diluted basis by $0.00, ($0.01), $0.00 and $0.00, respectively.
-2 | During the fourth quarter of 2012, the Company recorded an impairment charge of $22.4 million with respect to goodwill and certain other intangible assets associated with the Company's Chinese harvesting business.
-3 | For additional information regarding restructuring and other infrequent expenses (income), please see the Restructuring and Other Infrequent (Income) Expenses Note to the Consolidated Financial Statements included in the Company's Annual Report on Form 10-K for 2011 and 2012, as filed with the SEC.
-4 | During 2011, the Company recorded a tax benefit of $149.3 million and acquisition expenses of $5.8 million associated with the GSI Holdings Corp. ("GSI") acquisition. For additional information regarding the GSI acquisition, please see the Acquisitions Note to the Consolidated Financial Statements included in the Company's Annual Report on Form 10-K for 2011, as filed with the SEC.
-5 | During the fourth quarter of 2012, the Company recorded a non-cash tax gain associated with the recognition of certain U.S. deferred tax assets from the reversal of its U.S. deferred tax valuation allowance and the recognition of certain U.S. research and development tax credits.
* | The Condensed Consolidated Statements of Operations should be read in conjunction with the Company's audited Consolidated Financial Statements and the accompanying Notes to Consolidated Financial Statements, which are included in the Company's Annual Report on Form 10-K for 2011 and 2012, as filed with the SEC.
** | Net income attributable to AGCO Corporation and subsidiaries and net income per common share amounts are after tax.