2010 Q2 Form 10-Q Financial Statement

#000095012310073386 Filed on August 05, 2010

View on sec.gov

Income Statement

Concept 2010 Q2 2009 Q2
Revenue $1.052B $710.0M
YoY Change 48.17% -51.41%
Cost Of Revenue $900.2M $634.8M
YoY Change 41.81% -43.77%
Gross Profit $151.8M $75.20M
YoY Change 101.86% -77.37%
Gross Profit Margin 14.43% 10.59%
Selling, General & Admin $76.00M $64.40M
YoY Change 18.01% -18.69%
% of Gross Profit 50.07% 85.64%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $35.20M $32.10M
YoY Change 9.66% 9.93%
% of Gross Profit 23.19% 42.69%
Operating Expenses $76.00M $64.40M
YoY Change 18.01% -18.69%
Operating Profit $75.80M $10.80M
YoY Change 601.85% -95.73%
Interest Expense -$15.40M -$1.300M
YoY Change 1084.62% 0.0%
% of Operating Profit -20.32% -12.04%
Other Income/Expense, Net $200.0K -$300.0K
YoY Change -166.67% -150.0%
Pretax Income $60.60M $0.00
YoY Change -100.0%
Income Tax $22.40M $11.70M
% Of Pretax Income 36.96%
Net Earnings $36.40M -$13.40M
YoY Change -371.64% -107.93%
Net Earnings / Revenue 3.46% -1.89%
Basic Earnings Per Share $0.37 -$0.14
Diluted Earnings Per Share $0.36 -$0.14
COMMON SHARES
Basic Shares Outstanding 98.56M shares 98.03M shares
Diluted Shares Outstanding 108.4M shares 97.20M shares

Balance Sheet

Concept 2010 Q2 2009 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $378.7M $850.7M
YoY Change -55.48% 174.24%
Cash & Equivalents $378.7M $850.7M
Short-Term Investments
Other Short-Term Assets $75.60M $76.20M
YoY Change -0.79% 57.76%
Inventory $1.053B $692.9M
Prepaid Expenses
Receivables $569.3M $398.2M
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.077B $2.018B
YoY Change 2.9% -11.02%
LONG-TERM ASSETS
Property, Plant & Equipment $1.934B $1.787B
YoY Change 8.2% 23.51%
Goodwill $204.8M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $182.9M $319.1M
YoY Change -42.68% -27.84%
Total Long-Term Assets $2.321B $2.303B
YoY Change 0.77% 9.75%
TOTAL ASSETS
Total Short-Term Assets $2.077B $2.018B
Total Long-Term Assets $2.321B $2.303B
Total Assets $4.398B $4.321B
YoY Change 1.77% -1.04%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $363.6M $236.4M
YoY Change 53.81% -47.61%
Accrued Expenses $248.0M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $38.00M $17.50M
YoY Change 117.14% -19.35%
Total Short-Term Liabilities $654.6M $518.8M
YoY Change 26.18% -34.4%
LONG-TERM LIABILITIES
Long-Term Debt $1.032B $1.056B
YoY Change -2.25% 110.21%
Other Long-Term Liabilities $117.3M $599.1M
YoY Change -80.42% -7.35%
Total Long-Term Liabilities $117.3M $1.655B
YoY Change -92.91% 44.05%
TOTAL LIABILITIES
Total Short-Term Liabilities $654.6M $518.8M
Total Long-Term Liabilities $117.3M $1.655B
Total Liabilities $2.267B $2.246B
YoY Change 0.95% 15.79%
SHAREHOLDERS EQUITY
Retained Earnings $2.245B
YoY Change
Common Stock $651.0M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $184.0M
YoY Change
Treasury Stock Shares 3.830M shares
Shareholders Equity $2.049B $2.076B
YoY Change
Total Liabilities & Shareholders Equity $4.398B $4.321B
YoY Change 1.77% -1.04%

Cashflow Statement

Concept 2010 Q2 2009 Q2
OPERATING ACTIVITIES
Net Income $36.40M -$13.40M
YoY Change -371.64% -107.93%
Depreciation, Depletion And Amortization $35.20M $32.10M
YoY Change 9.66% 9.93%
Cash From Operating Activities -$121.4M -$87.60M
YoY Change 38.58% -389.11%
INVESTING ACTIVITIES
Capital Expenditures -$46.40M -$102.9M
YoY Change -54.91% -28.24%
Acquisitions
YoY Change
Other Investing Activities $400.0K -$700.0K
YoY Change -157.14% 40.0%
Cash From Investing Activities -$46.00M -$103.6M
YoY Change -55.6% -28.01%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -17.40M 535.9M
YoY Change -103.25% -1312.44%
NET CHANGE
Cash From Operating Activities -121.4M -87.60M
Cash From Investing Activities -46.00M -103.6M
Cash From Financing Activities -17.40M 535.9M
Net Change In Cash -184.8M 344.7M
YoY Change -153.61% -318.44%
FREE CASH FLOW
Cash From Operating Activities -$121.4M -$87.60M
Capital Expenditures -$46.40M -$102.9M
Free Cash Flow -$75.00M $15.30M
YoY Change -590.2% -91.19%

Facts In Submission

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<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">Note </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">11</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">. Financial Information for Subsidiary and Guarantor Parent </font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:18px;">The payment obligations under the $150 million 6.95% debentures due 2025 issued by Allegheny Ludlum Corporation (the "Subsidiary") are fully and unconditionally guaranteed by Allegheny Technologies Incorporated (the "Guarantor Parent"). In accordance with positions established by the Securities and Exchange Commission, the following financial information sets forth separately financial information with respect to the Subsidiary, the non-guarantor subsidiaries and the Guarantor Parent. The principal elimination entries eliminate investments in subsidiaries and certain intercompany balances and transactions. 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text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 78px; text-align:left;border-color:#000000;min-width:78px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 69px; text-align:left;border-color:#000000;min-width:69px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 77px; text-align:left;border-color:#000000;min-width:77px;">&#160;</td></tr><tr style="height: 17px"><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;">&#160;</td><td style="width: 197px; text-align:left;border-color:#000000;min-width:197px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">other assets</font></td><td style="width: 11px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 63px; border-bottom-style:solid;border-bottom-width:1px;border-color:#000000;min-width:63px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 4,086.1</font></td><td style="width: 11px; 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text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 78px; text-align:left;border-color:#000000;min-width:78px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 69px; text-align:left;border-color:#000000;min-width:69px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 77px; text-align:left;border-color:#000000;min-width:77px;">&#160;</td></tr><tr style="height: 17px"><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;">&#160;</td><td style="width: 197px; text-align:left;border-color:#000000;min-width:197px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">of long-term debt</font></td><td style="width: 11px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 63px; border-bottom-style:solid;border-bottom-width:1px;border-color:#000000;min-width:63px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> -</font></td><td style="width: 11px; 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border-color:#000000;min-width:63px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 870.1</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 64px; border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 356.0</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 78px; border-color:#000000;min-width:78px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 6.0</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 69px; border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> (200.0)</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 77px; border-color:#000000;min-width:77px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 1,032.1</font></td></tr><tr style="height: 17px"><td colspan="2" style="width: 213px; 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text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 69px; text-align:left;border-color:#000000;min-width:69px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 77px; text-align:left;border-color:#000000;min-width:77px;">&#160;</td></tr><tr style="height: 17px"><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;">&#160;</td><td style="width: 197px; text-align:left;border-color:#000000;min-width:197px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">equity</font></td><td style="width: 11px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:11px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 63px; border-bottom-style:double;border-bottom-width:3px;border-color:#000000;min-width:63px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 4,105.7</font></td><td style="width: 11px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:11px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-bottom-style:double;border-bottom-width:3px;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 2,823.0</font></td><td style="width: 11px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:11px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 78px; border-bottom-style:double;border-bottom-width:3px;border-color:#000000;min-width:78px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 3,888.6</font></td><td style="width: 11px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:11px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 69px; 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text-align:left;border-color:#000000;min-width:74px;">&#160;</td></tr><tr style="height: 17px"><td colspan="12" style="width: 635px; text-align:left;border-color:#000000;min-width:635px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Allegheny Technologies Incorporated</font></td></tr><tr style="height: 17px"><td colspan="12" style="width: 635px; text-align:left;border-color:#000000;min-width:635px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Financial Information for Subsidiary and Guarantor Parent</font></td></tr><tr style="height: 17px"><td colspan="12" style="width: 635px; text-align:left;border-color:#000000;min-width:635px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Statements of Operations</font></td></tr><tr style="height: 17px"><td colspan="12" style="width: 635px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:635px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">For the six months ended June 30, 2010</font></td></tr><tr style="height: 17px"><td style="width: 15px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 209px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:209px;">&#160;</td><td colspan="2" style="width: 73px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:73px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">Guarantor</font></td><td style="width: 13px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 65px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:65px;">&#160;</td><td colspan="2" style="width: 88px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:88px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">Non-guarantor</font></td><td style="width: 13px; 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text-align:left;border-color:#000000;min-width:77px;">&#160;</td></tr><tr style="height: 17px"><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;">&#160;</td><td style="width: 197px; text-align:left;border-color:#000000;min-width:197px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">other assets</font></td><td style="width: 11px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 63px; border-bottom-style:solid;border-bottom-width:1px;border-color:#000000;min-width:63px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 3,969.0</font></td><td style="width: 11px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:1px;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 1,422.5</font></td><td style="width: 11px; 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text-align:left;border-color:#000000;min-width:63px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 78px; text-align:left;border-color:#000000;min-width:78px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 69px; text-align:left;border-color:#000000;min-width:69px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 77px; text-align:left;border-color:#000000;min-width:77px;">&#160;</td></tr><tr style="height: 17px"><td colspan="2" style="width: 213px; text-align:left;border-color:#000000;min-width:213px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Liabilities and stockholders&#8217; equity:</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 63px; text-align:left;border-color:#000000;min-width:63px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 78px; text-align:left;border-color:#000000;min-width:78px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 69px; text-align:left;border-color:#000000;min-width:69px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 77px; text-align:left;border-color:#000000;min-width:77px;">&#160;</td></tr><tr style="height: 17px"><td colspan="2" style="width: 213px; text-align:left;border-color:#000000;min-width:213px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Accounts payable</font></td><td style="width: 11px; text-align:right;border-color:#000000;min-width:11px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 63px; border-color:#000000;min-width:63px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 4.5</font></td><td style="width: 11px; text-align:right;border-color:#000000;min-width:11px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 135.4</font></td><td style="width: 11px; text-align:right;border-color:#000000;min-width:11px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 78px; border-color:#000000;min-width:78px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 168.7</font></td><td style="width: 11px; text-align:right;border-color:#000000;min-width:11px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 69px; border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> -</font></td><td style="width: 11px; text-align:right;border-color:#000000;min-width:11px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 77px; border-color:#000000;min-width:77px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 308.6</font></td></tr><tr style="height: 17px"><td colspan="2" style="width: 213px; text-align:left;border-color:#000000;min-width:213px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Accrued liabilities</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 63px; border-color:#000000;min-width:63px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 1,013.4</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 64px; border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 54.5</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 78px; border-color:#000000;min-width:78px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 696.6</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 69px; border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> (1,505.7)</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 77px; border-color:#000000;min-width:77px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 258.8</font></td></tr><tr style="height: 17px"><td colspan="2" style="width: 213px; text-align:left;border-color:#000000;min-width:213px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Deferred income taxes</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 63px; border-color:#000000;min-width:63px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 23.7</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 64px; border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> -</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 78px; border-color:#000000;min-width:78px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> -</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 69px; border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> -</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 77px; border-color:#000000;min-width:77px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 23.7</font></td></tr><tr style="height: 17px"><td colspan="2" style="width: 213px; text-align:left;border-color:#000000;min-width:213px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Short-term debt and current portion </font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 63px; text-align:left;border-color:#000000;min-width:63px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 78px; text-align:left;border-color:#000000;min-width:78px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 69px; text-align:left;border-color:#000000;min-width:69px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 77px; text-align:left;border-color:#000000;min-width:77px;">&#160;</td></tr><tr style="height: 17px"><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;">&#160;</td><td style="width: 197px; text-align:left;border-color:#000000;min-width:197px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">of long-term debt</font></td><td style="width: 11px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 63px; border-bottom-style:solid;border-bottom-width:1px;border-color:#000000;min-width:63px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> -</font></td><td style="width: 11px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:1px;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 10.5</font></td><td style="width: 11px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 78px; border-bottom-style:solid;border-bottom-width:1px;border-color:#000000;min-width:78px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 23.0</font></td><td style="width: 11px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 69px; border-bottom-style:solid;border-bottom-width:1px;border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> -</font></td><td style="width: 11px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 77px; border-bottom-style:solid;border-bottom-width:1px;border-color:#000000;min-width:77px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 33.5</font></td></tr><tr style="height: 17px"><td colspan="2" style="width: 213px; text-align:left;border-color:#000000;min-width:213px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Total current liabilities</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 63px; border-color:#000000;min-width:63px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 1,041.6</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 64px; border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 200.4</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 78px; border-color:#000000;min-width:78px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 888.3</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 69px; border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> (1,505.7)</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 77px; border-color:#000000;min-width:77px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 624.6</font></td></tr><tr style="height: 17px"><td colspan="2" style="width: 213px; text-align:left;border-color:#000000;min-width:213px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Long-term debt</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 63px; border-color:#000000;min-width:63px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 870.4</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 64px; border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 361.3</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 78px; border-color:#000000;min-width:78px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 5.9</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 69px; border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> (200.0)</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 77px; border-color:#000000;min-width:77px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 1,037.6</font></td></tr><tr style="height: 17px"><td colspan="2" style="width: 213px; 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border-bottom-style:solid;border-bottom-width:1px;border-color:#000000;min-width:63px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 45.6</font></td><td style="width: 11px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:1px;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 22.6</font></td><td style="width: 11px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 78px; border-bottom-style:solid;border-bottom-width:1px;border-color:#000000;min-width:78px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 51.1</font></td><td style="width: 11px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 69px; 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text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 63px; text-align:left;border-color:#000000;min-width:63px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 78px; text-align:left;border-color:#000000;min-width:78px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 69px; text-align:left;border-color:#000000;min-width:69px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 77px; text-align:left;border-color:#000000;min-width:77px;">&#160;</td></tr><tr style="height: 17px"><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;">&#160;</td><td style="width: 197px; text-align:left;border-color:#000000;min-width:197px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">equity</font></td><td style="width: 11px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:11px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 63px; border-bottom-style:double;border-bottom-width:3px;border-color:#000000;min-width:63px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 4,059.2</font></td><td style="width: 11px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:11px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-bottom-style:double;border-bottom-width:3px;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 2,760.1</font></td><td style="width: 11px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:11px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 78px; border-bottom-style:double;border-bottom-width:3px;border-color:#000000;min-width:78px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 3,748.1</font></td><td style="width: 11px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:11px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 69px; border-bottom-style:double;border-bottom-width:3px;border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> (6,221.4)</font></td><td style="width: 11px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:11px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 77px; border-bottom-style:double;border-bottom-width:3px;border-color:#000000;min-width:77px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 4,346.0</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td colspan="12" style="width: 644px; text-align:left;border-color:#000000;min-width:644px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Note 11. 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text-align:left;border-color:#000000;min-width:69px;">&#160;</td></tr><tr style="height: 17px"><td colspan="12" style="width: 644px; text-align:left;border-color:#000000;min-width:644px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Allegheny Technologies Incorporated</font></td></tr><tr style="height: 17px"><td colspan="12" style="width: 644px; text-align:left;border-color:#000000;min-width:644px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Financial Information for Subsidiary and Guarantor Parent</font></td></tr><tr style="height: 17px"><td colspan="12" style="width: 644px; text-align:left;border-color:#000000;min-width:644px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Statements of Operations</font></td></tr><tr style="height: 17px"><td colspan="12" style="width: 644px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:644px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">For the six months ended June 30, 2009</font></td></tr><tr style="height: 17px"><td style="width: 15px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 228px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:228px;">&#160;</td><td colspan="2" style="width: 73px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:73px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">Guarantor</font></td><td style="width: 13px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 65px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:65px;">&#160;</td><td colspan="2" style="width: 88px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:88px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">Non-guarantor</font></td><td style="width: 13px; 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text-align:left;border-color:#000000;min-width:73px;">&#160;</td></tr><tr style="height: 17px"><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 222px; text-align:left;border-color:#000000;min-width:222px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">and cash equivalents</font></td><td style="width: 12px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:12px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 65px; border-bottom-style:double;border-bottom-width:3px;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> (2.1)</font></td><td style="width: 12px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:12px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 67px; border-bottom-style:double;border-bottom-width:3px;border-color:#000000;min-width:67px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 355.7</font></td><td style="width: 12px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:12px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 77px; border-bottom-style:double;border-bottom-width:3px;border-color:#000000;min-width:77px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 27.2</font></td><td style="width: 12px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:12px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 67px; border-bottom-style:double;border-bottom-width:3px;border-color:#000000;min-width:67px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> -</font></td><td style="width: 12px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:12px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 73px; border-bottom-style:double;border-bottom-width:3px;border-color:#000000;min-width:73px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 380.8</font></td></tr></table></div>
CY2010Q2 us-gaap Defined Benefit Plan Assets For Plan Benefits Noncurrent
DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent
0 USD
ati Cash Flows Provided By Used In Operating Activities
CashFlowsProvidedByUsedInOperatingActivities
-193400000 USD
ati Condensed Statements Of Cash Flows Increase Decrease In Cash And Cash Equivalents
CondensedStatementsOfCashFlowsIncreaseDecreaseInCashAndCashEquivalents
-330100000 USD
CY2009Q4 us-gaap Defined Benefit Plan Assets For Plan Benefits Noncurrent
DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent
0 USD
ati Cash Flows Provided By Used In Operating Activities
CashFlowsProvidedByUsedInOperatingActivities
81300000 USD
ati Condensed Statements Of Cash Flows Increase Decrease In Cash And Cash Equivalents
CondensedStatementsOfCashFlowsIncreaseDecreaseInCashAndCashEquivalents
380800000 USD
CY2010Q2 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
18000000 USD
CY2010Q2 us-gaap Accrued Environmental Loss Contingencies Current
AccruedEnvironmentalLossContingenciesCurrent
8000000 USD
CY2010Q2 ati Environmental Remediation Obligation Federal Superfund Sites
EnvironmentalRemediationObligationFederalSuperfundSites
6000000 USD
CY2010Q2 ati Environmental Remediation Obligation For Formerly Owned Sites
EnvironmentalRemediationObligationForFormerlyOwnedSites
7000000 USD
CY2010Q2 ati Environmental Remediation Obligation For Owned Or Controlled Sites With Closed Operations
EnvironmentalRemediationObligationForOwnedOrControlledSitesWithClosedOperations
3000000 USD
CY2010Q2 ati Environmental Remediation Obligations For Ongoing Operations
EnvironmentalRemediationObligationsForOngoingOperations
2000000 USD
CY2010Q2 us-gaap Accrual For Environmental Loss Contingencies Component Amount
AccrualForEnvironmentalLossContingenciesComponentAmount
1600000 USD
us-gaap Site Contingency Status Of Regulatory Proceedings
SiteContingencyStatusOfRegulatoryProceedings
In November 2007, the EPA sent a subsidiary of the Company a Notice of Violation (NOV) alleging that the company&#8217;s Natrona, PA facility is operating in violation of the Clean Air Act. The notice invited the company to meet with the EPA to discuss a resolution of the NOV. The Company and the EPA resolved the allegations by entering into a Consent Decree that was approved by the United States District Court for the Western District of Pennsylvania, including $1.6 million of civil penalties, which were fully reserved at June 30, 2010. In addition, the Company agreed to close its Natrona, PA melt shop prior to November 30, 2010, which is part of its previously announced plans to consolidate the Natrona operations with its Brackenridge facility.

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