2014 Q2 Form 10-Q Financial Statement

#000101896314000026 Filed on August 04, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2013 Q2
Revenue $1.119B $1.136B
YoY Change -1.45% -16.35%
Cost Of Revenue $1.030B $969.1M
YoY Change 6.23% -16.35%
Gross Profit $89.50M $87.70M
YoY Change 2.05% -50.62%
Gross Profit Margin 8.0% 7.72%
Selling, General & Admin $65.70M $67.10M
YoY Change -2.09% -26.02%
% of Gross Profit 73.41% 76.51%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $43.50M $48.40M
YoY Change -10.12% 0.41%
% of Gross Profit 48.6% 55.19%
Operating Expenses $65.70M $67.10M
YoY Change -2.09% -26.02%
Operating Profit $23.80M $20.60M
YoY Change 15.53% -80.96%
Interest Expense -$28.20M -$14.30M
YoY Change 97.2% -23.12%
% of Operating Profit -118.49% -69.42%
Other Income/Expense, Net $1.300M -$200.0K
YoY Change -750.0% -300.0%
Pretax Income -$3.400M $6.500M
YoY Change -152.31% -92.75%
Income Tax -$2.900M $600.0K
% Of Pretax Income 9.23%
Net Earnings -$4.000M $4.400M
YoY Change -190.91% -92.2%
Net Earnings / Revenue -0.36% 0.39%
Basic Earnings Per Share -$0.03 $0.04
Diluted Earnings Per Share -$0.03 $0.04
COMMON SHARES
Basic Shares Outstanding 108.6M shares 108.0M shares
Diluted Shares Outstanding 107.1M shares 107.2M shares

Balance Sheet

Concept 2014 Q2 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $355.2M $74.10M
YoY Change 379.35% -64.76%
Cash & Equivalents $355.1M $74.10M
Short-Term Investments $100.0K
Other Short-Term Assets $97.70M $97.30M
YoY Change 0.41% 61.09%
Inventory $1.407B $1.505B
Prepaid Expenses
Receivables $650.9M $655.5M
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.514B $2.332B
YoY Change 7.81% -7.74%
LONG-TERM ASSETS
Property, Plant & Equipment $2.917B $2.692B
YoY Change 8.33% 10.16%
Goodwill $785.1M
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00
YoY Change
Other Assets $352.0M $358.4M
YoY Change -1.79% -3.34%
Total Long-Term Assets $4.057B $3.788B
YoY Change 7.11% 6.62%
TOTAL ASSETS
Total Short-Term Assets $2.514B $2.332B
Total Long-Term Assets $4.057B $3.788B
Total Assets $6.571B $6.120B
YoY Change 7.37% 0.65%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $556.3M $445.6M
YoY Change 24.84% -1.35%
Accrued Expenses $298.5M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $17.40M $420.3M
YoY Change -95.86% 1439.56%
Total Short-Term Liabilities $903.0M $1.187B
YoY Change -23.9% 44.09%
LONG-TERM LIABILITIES
Long-Term Debt $1.521B $1.054B
YoY Change 44.33% -28.53%
Other Long-Term Liabilities $146.0M $1.288B
YoY Change -88.67% 996.43%
Total Long-Term Liabilities $146.0M $2.342B
YoY Change -93.77% 1893.11%
TOTAL LIABILITIES
Total Short-Term Liabilities $903.0M $1.187B
Total Long-Term Liabilities $146.0M $2.342B
Total Liabilities $3.580B $3.628B
YoY Change -1.33% 6.58%
SHAREHOLDERS EQUITY
Retained Earnings $2.417B
YoY Change
Common Stock $1.168B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $44.20M
YoY Change
Treasury Stock Shares 973.1K shares
Shareholders Equity $2.876B $2.491B
YoY Change
Total Liabilities & Shareholders Equity $6.571B $6.120B
YoY Change 7.37% 0.65%

Cashflow Statement

Concept 2014 Q2 2013 Q2
OPERATING ACTIVITIES
Net Income -$4.000M $4.400M
YoY Change -190.91% -92.2%
Depreciation, Depletion And Amortization $43.50M $48.40M
YoY Change -10.12% 0.41%
Cash From Operating Activities $19.40M $115.4M
YoY Change -83.19% 47.95%
INVESTING ACTIVITIES
Capital Expenditures -$58.30M -$136.8M
YoY Change -57.38% 42.8%
Acquisitions
YoY Change
Other Investing Activities -$21.10M -$200.0K
YoY Change 10450.0%
Cash From Investing Activities -$79.40M -$137.0M
YoY Change -42.04% 43.01%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -422.6M -42.30M
YoY Change 899.05% 90.54%
NET CHANGE
Cash From Operating Activities 19.40M 115.4M
Cash From Investing Activities -79.40M -137.0M
Cash From Financing Activities -422.6M -42.30M
Net Change In Cash -482.6M -63.90M
YoY Change 655.24% 59.75%
FREE CASH FLOW
Cash From Operating Activities $19.40M $115.4M
Capital Expenditures -$58.30M -$136.8M
Free Cash Flow $77.70M $252.2M
YoY Change -69.19% 45.11%

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WeightedAverageNumberOfDilutedSharesOutstanding
107100000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
106700000 shares
CY2013Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
106800000 shares
CY2014Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
107100000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
107000000 shares
CY2013Q4 ati Accumulated Other Comprehensive Income Loss Netof Tax Attributableto Noncontrolling Interest
AccumulatedOtherComprehensiveIncomeLossNetofTaxAttributabletoNoncontrollingInterest
27100000 USD
CY2014Q2 ati Accumulated Other Comprehensive Income Loss Netof Tax Attributableto Noncontrolling Interest
AccumulatedOtherComprehensiveIncomeLossNetofTaxAttributabletoNoncontrollingInterest
24100000 USD
CY2013Q2 ati Accumulated Other Comprehensive Income Loss Netof Tax Attributableto Noncontrolling Interest
AccumulatedOtherComprehensiveIncomeLossNetofTaxAttributabletoNoncontrollingInterest
26100000 USD
CY2013Q1 ati Accumulated Other Comprehensive Income Loss Netof Tax Attributableto Noncontrolling Interest
AccumulatedOtherComprehensiveIncomeLossNetofTaxAttributabletoNoncontrollingInterest
24200000 USD
ati Corporate Expenses
CorporateExpenses
23200000 USD
CY2012Q4 ati Accumulated Other Comprehensive Income Loss Netof Tax Attributableto Noncontrolling Interest
AccumulatedOtherComprehensiveIncomeLossNetofTaxAttributabletoNoncontrollingInterest
23700000 USD
CY2014Q1 ati Accumulated Other Comprehensive Income Loss Netof Tax Attributableto Noncontrolling Interest
AccumulatedOtherComprehensiveIncomeLossNetofTaxAttributabletoNoncontrollingInterest
25300000 USD
ati Effectivetaxrateexcludingdiscretetaxadjustmentsinperiod
Effectivetaxrateexcludingdiscretetaxadjustmentsinperiod
0.292
ati Employee Stock Plans
EmployeeStockPlans
-11000000 USD
CY2014Q2 ati Corporate Expenses
CorporateExpenses
11700000 USD
ati Corporate Expenses
CorporateExpenses
24200000 USD
CY2013Q2 ati Corporate Expenses
CorporateExpenses
11800000 USD
ati Employee Stock Plans
EmployeeStockPlans
9900000 USD
CY2014Q2 ati Environmental Remediation Obligation Federal Superfund Sites
EnvironmentalRemediationObligationFederalSuperfundSites
4000000 USD
CY2014Q2 ati Environmental Remediation Obligation For Formerly Owned Sites
EnvironmentalRemediationObligationForFormerlyOwnedSites
9000000 USD
CY2014Q2 ati Environmental Remediation Obligation For Owned Or Controlled Sites With Closed Operations
EnvironmentalRemediationObligationForOwnedOrControlledSitesWithClosedOperations
2000000 USD
CY2014Q2 ati Environmental Remediation Obligations For Ongoing Operations
EnvironmentalRemediationObligationsForOngoingOperations
1000000 USD
CY2014Q2 ati Interest Expense Net
InterestExpenseNet
28500000 USD
ati Interest Expense Net
InterestExpenseNet
57600000 USD
ati Interest Expense Net
InterestExpenseNet
28300000 USD
CY2013Q2 ati Interest Expense Net
InterestExpenseNet
13900000 USD
ati Lifo Provision Benefit
LifoProvisionBenefit
37900000 USD
ati Lifo Provision Benefit
LifoProvisionBenefit
-23900000 USD
ati Netreceiptspaymentsonintercompanyactivity
Netreceiptspaymentsonintercompanyactivity
0 USD
ati Netreceiptspaymentsonintercompanyactivity
Netreceiptspaymentsonintercompanyactivity
0 USD
ati Other Comprehensive Income Loss Before Reclassification Adjustments Net Of Tax Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossBeforeReclassificationAdjustmentsNetOfTaxAttributableToNoncontrollingInterest
-3000000 USD
CY2013Q2 ati Other Comprehensive Income Loss Before Reclassification Adjustments Net Of Tax Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossBeforeReclassificationAdjustmentsNetOfTaxAttributableToNoncontrollingInterest
1900000 USD
ati Other Comprehensive Income Loss Before Reclassification Adjustments Net Of Tax Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossBeforeReclassificationAdjustmentsNetOfTaxAttributableToNoncontrollingInterest
2400000 USD
CY2014Q2 ati Other Comprehensive Income Loss Before Reclassification Adjustments Net Of Tax Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossBeforeReclassificationAdjustmentsNetOfTaxAttributableToNoncontrollingInterest
-1200000 USD
CY2014Q2 ati Other Expense
OtherExpense
4300000 USD
CY2013Q2 ati Other Expense
OtherExpense
5500000 USD
ati Other Expense
OtherExpense
9300000 USD
ati Other Expense
OtherExpense
8900000 USD
ati Percentage Electricity Hedged
PercentageElectricityHedged
0.10
ati Percentage Of Forecasted International Sales Hedged
PercentageOfForecastedInternationalSalesHedged
0.10
ati Percentage Of Forecasted Natural Gas Usage Hedgedfor Year1
PercentageOfForecastedNaturalGasUsageHedgedforYear1
0.70
ati Percentage Of Forecasted Natural Gas Usage Hedgedfor Year2
PercentageOfForecastedNaturalGasUsageHedgedforYear2
0.80
ati Percentage Of Forecasted Natural Gas Usage Hedgedfor Year3
PercentageOfForecastedNaturalGasUsageHedgedforYear3
0.50
ati Percentage Of Raw Material Usage Hedged
PercentageOfRawMaterialUsageHedged
0.10
ati Percentageof Forecasted Natural Gas Usage Hedged Year4
PercentageofForecastedNaturalGasUsageHedgedYear4
0.15
ati Proceeds Paymentsfrom Intercompany Activites Investing Activities
ProceedsPaymentsfromIntercompanyActivitesInvestingActivities
0 USD
ati Proceeds Paymentsfrom Intercompany Activites Investing Activities
ProceedsPaymentsfromIntercompanyActivitesInvestingActivities
0 USD
ati Reclassificationfrom Accumulated Other Comprehensive Income Loss Current Period Netof Tax Attributableto Noncontrolling Interest
ReclassificationfromAccumulatedOtherComprehensiveIncomeLossCurrentPeriodNetofTaxAttributabletoNoncontrollingInterest
0 USD
CY2013Q2 ati Reclassificationfrom Accumulated Other Comprehensive Income Loss Current Period Netof Tax Attributableto Noncontrolling Interest
ReclassificationfromAccumulatedOtherComprehensiveIncomeLossCurrentPeriodNetofTaxAttributabletoNoncontrollingInterest
0 USD
ati Reclassificationfrom Accumulated Other Comprehensive Income Loss Current Period Netof Tax Attributableto Noncontrolling Interest
ReclassificationfromAccumulatedOtherComprehensiveIncomeLossCurrentPeriodNetofTaxAttributabletoNoncontrollingInterest
0 USD
CY2014Q2 ati Reclassificationfrom Accumulated Other Comprehensive Income Loss Current Period Netof Tax Attributableto Noncontrolling Interest
ReclassificationfromAccumulatedOtherComprehensiveIncomeLossCurrentPeriodNetofTaxAttributabletoNoncontrollingInterest
0 USD
CY2013Q2 ati Retirement Benefit Expense
RetirementBenefitExpense
32500000 USD
ati Segment Operating Profit Loss
SegmentOperatingProfitLoss
108700000 USD
CY2013Q4 ati Total Debt
TotalDebt
1947300000 USD
CY2014Q2 ati Total Debt
TotalDebt
1538100000 USD
dei Amendment Flag
AmendmentFlag
false
CY2014Q2 ati Retirement Benefit Expense
RetirementBenefitExpense
24100000 USD
ati Retirement Benefit Expense
RetirementBenefitExpense
48000000 USD
ati Retirement Benefit Expense
RetirementBenefitExpense
65000000 USD
CY2014Q2 ati Segment Operating Profit Loss
SegmentOperatingProfitLoss
65200000 USD
CY2013Q2 ati Segment Operating Profit Loss
SegmentOperatingProfitLoss
70200000 USD
ati Segment Operating Profit Loss
SegmentOperatingProfitLoss
147700000 USD
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Period End Date
DocumentPeriodEndDate
2014-06-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001018963
CY2014Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
108721200 shares
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2013Q2 dei Entity Public Float
EntityPublicFloat
2800000000 USD
dei Entity Registrant Name
EntityRegistrantName
ALLEGHENY TECHNOLOGIES INCORPORATED
dei Entity Voluntary Filers
EntityVoluntaryFilers
No
dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes

Files In Submission

Name View Source Status
0001018963-14-000026-index-headers.html Edgar Link pending
0001018963-14-000026-index.html Edgar Link pending
0001018963-14-000026.txt Edgar Link pending
0001018963-14-000026-xbrl.zip Edgar Link pending
ati-20140630.xml Edgar Link completed
ati-20140630.xsd Edgar Link pending
ati-20140630_cal.xml Edgar Link unprocessable
ati-20140630_def.xml Edgar Link unprocessable
ati-20140630_lab.xml Edgar Link unprocessable
ati-20140630_pre.xml Edgar Link unprocessable
ati201410-qq2.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
fy2014q2exhibit121.htm Edgar Link pending
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