2014 Q3 Form 10-Q Financial Statement

#000101896314000030 Filed on October 31, 2014

View on sec.gov

Income Statement

Concept 2014 Q3 2013 Q3
Revenue $1.070B $972.4M
YoY Change 10.0% -14.06%
Cost Of Revenue $972.6M $919.3M
YoY Change 5.8% -7.03%
Gross Profit $97.00M $53.10M
YoY Change 82.67% -62.79%
Gross Profit Margin 9.07% 5.46%
Selling, General & Admin $68.70M $70.60M
YoY Change -2.69% -9.02%
% of Gross Profit 70.82% 132.96%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $44.10M $46.60M
YoY Change -5.36% -4.7%
% of Gross Profit 45.46% 87.76%
Operating Expenses $68.70M $70.60M
YoY Change -2.69% -9.02%
Operating Profit $28.30M -$17.50M
YoY Change -261.71% -126.88%
Interest Expense -$23.60M -$20.80M
YoY Change 13.46% 18.86%
% of Operating Profit -83.39%
Other Income/Expense, Net $1.000M $400.0K
YoY Change 150.0% 100.0%
Pretax Income $4.100M -$35.30M
YoY Change -111.61% -173.39%
Income Tax $500.0K -$8.500M
% Of Pretax Income 12.2%
Net Earnings -$700.0K -$33.80M
YoY Change -97.93% -195.75%
Net Earnings / Revenue -0.07% -3.48%
Basic Earnings Per Share -$0.01 -$0.32
Diluted Earnings Per Share -$0.01 -$0.32
COMMON SHARES
Basic Shares Outstanding 108.7M shares 108.0M shares
Diluted Shares Outstanding 108.0M shares 106.8M shares

Balance Sheet

Concept 2014 Q3 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $264.2M $535.7M
YoY Change -50.68% 90.64%
Cash & Equivalents $264.2M $535.7M
Short-Term Investments
Other Short-Term Assets $109.4M $120.6M
YoY Change -9.29% 108.29%
Inventory $1.418B $1.345B
Prepaid Expenses
Receivables $623.7M $576.9M
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.415B $2.694B
YoY Change -10.34% 8.4%
LONG-TERM ASSETS
Property, Plant & Equipment $2.937B $2.745B
YoY Change 7.01% 10.57%
Goodwill $782.8M $728.1M
YoY Change 7.51%
Intangibles
YoY Change
Long-Term Investments $0.00 $0.00
YoY Change
Other Assets $368.3M $348.0M
YoY Change 5.83% -6.3%
Total Long-Term Assets $4.088B $3.906B
YoY Change 4.67% 8.68%
TOTAL ASSETS
Total Short-Term Assets $2.415B $2.694B
Total Long-Term Assets $4.088B $3.906B
Total Assets $6.503B $6.599B
YoY Change -1.46% 8.56%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $482.7M $401.9M
YoY Change 20.1% -1.81%
Accrued Expenses $305.7M $304.9M
YoY Change 0.26%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $17.50M $419.9M
YoY Change -95.83% 2399.4%
Total Short-Term Liabilities $839.6M $1.169B
YoY Change -28.15% 50.65%
LONG-TERM LIABILITIES
Long-Term Debt $1.509B $1.542B
YoY Change -2.15% 5.45%
Other Long-Term Liabilities $149.3M $94.90M
YoY Change 57.32% -91.16%
Total Long-Term Liabilities $149.3M $94.90M
YoY Change 57.32% -96.26%
TOTAL LIABILITIES
Total Short-Term Liabilities $839.6M $1.169B
Total Long-Term Liabilities $149.3M $94.90M
Total Liabilities $3.512B $4.035B
YoY Change -12.98% 17.42%
SHAREHOLDERS EQUITY
Retained Earnings $2.396B $2.336B
YoY Change 2.59%
Common Stock $1.173B $1.192B
YoY Change -1.62% 10738.18%
Preferred Stock
YoY Change
Treasury Stock (at cost) $44.50M $78.80M
YoY Change -43.53%
Treasury Stock Shares 984.2K shares 1.688M shares
Shareholders Equity $2.871B $2.467B
YoY Change
Total Liabilities & Shareholders Equity $6.503B $6.599B
YoY Change -1.46% 8.56%

Cashflow Statement

Concept 2014 Q3 2013 Q3
OPERATING ACTIVITIES
Net Income -$700.0K -$33.80M
YoY Change -97.93% -195.75%
Depreciation, Depletion And Amortization $44.10M $46.60M
YoY Change -5.36% -4.7%
Cash From Operating Activities -$700.0K $169.4M
YoY Change -100.41% -8.92%
INVESTING ACTIVITIES
Capital Expenditures -$59.60M -$171.8M
YoY Change -65.31% 115.02%
Acquisitions
YoY Change
Other Investing Activities -$200.0K $300.0K
YoY Change -166.67% -50.0%
Cash From Investing Activities -$59.80M -$171.5M
YoY Change -65.13% 116.27%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -30.40M 463.7M
YoY Change -106.56% -1388.06%
NET CHANGE
Cash From Operating Activities -700.0K 169.4M
Cash From Investing Activities -59.80M -171.5M
Cash From Financing Activities -30.40M 463.7M
Net Change In Cash -90.90M 461.6M
YoY Change -119.69% 552.9%
FREE CASH FLOW
Cash From Operating Activities -$700.0K $169.4M
Capital Expenditures -$59.60M -$171.8M
Free Cash Flow $58.90M $341.2M
YoY Change -82.74% 28.32%

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us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
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us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
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CY2013Q3 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
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CY2014Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2013Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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262100000 USD
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84300000 USD
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us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
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us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
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CY2013Q3 us-gaap Sales Revenue Goods Net
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us-gaap Selling General And Administrative Expense
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us-gaap Selling General And Administrative Expense
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CY2013Q4 us-gaap Stockholders Equity
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CY2014Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2013Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2012Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2013Q4 us-gaap Treasury Stock Shares
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CY2014Q3 us-gaap Treasury Stock Value
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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107100000 shares
CY2013Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
106800000 shares
CY2014Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
108000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
106700000 shares
CY2013Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
106800000 shares
CY2014Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
107200000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
107100000 shares
CY2014Q2 ati Accumulated Other Comprehensive Income Loss Netof Tax Attributableto Noncontrolling Interest
AccumulatedOtherComprehensiveIncomeLossNetofTaxAttributabletoNoncontrollingInterest
24100000 USD
CY2014Q3 ati Accumulated Other Comprehensive Income Loss Netof Tax Attributableto Noncontrolling Interest
AccumulatedOtherComprehensiveIncomeLossNetofTaxAttributabletoNoncontrollingInterest
25900000 USD
CY2013Q3 ati Accumulated Other Comprehensive Income Loss Netof Tax Attributableto Noncontrolling Interest
AccumulatedOtherComprehensiveIncomeLossNetofTaxAttributabletoNoncontrollingInterest
26200000 USD
CY2012Q4 ati Accumulated Other Comprehensive Income Loss Netof Tax Attributableto Noncontrolling Interest
AccumulatedOtherComprehensiveIncomeLossNetofTaxAttributabletoNoncontrollingInterest
23700000 USD
CY2013Q4 ati Accumulated Other Comprehensive Income Loss Netof Tax Attributableto Noncontrolling Interest
AccumulatedOtherComprehensiveIncomeLossNetofTaxAttributabletoNoncontrollingInterest
27100000 USD
CY2013Q2 ati Accumulated Other Comprehensive Income Loss Netof Tax Attributableto Noncontrolling Interest
AccumulatedOtherComprehensiveIncomeLossNetofTaxAttributabletoNoncontrollingInterest
26100000 USD
ati Employee Stock Plans
EmployeeStockPlans
5100000 USD
ati Employee Stock Plans
EmployeeStockPlans
-17400000 USD
ati Corporate Expenses
CorporateExpenses
32300000 USD
CY2013Q3 ati Corporate Expenses
CorporateExpenses
8100000 USD
ati Retirement Benefit Expense
RetirementBenefitExpense
71800000 USD
ati Retirement Benefit Expense
RetirementBenefitExpense
99500000 USD
CY2014Q3 ati Segment Operating Profit Loss
SegmentOperatingProfitLoss
70600000 USD
CY2013Q3 ati Segment Operating Profit Loss
SegmentOperatingProfitLoss
27600000 USD
ati Segment Operating Profit Loss
SegmentOperatingProfitLoss
175300000 USD
ati Segment Operating Profit Loss
SegmentOperatingProfitLoss
179300000 USD
CY2013Q4 ati Total Debt
TotalDebt
1947300000 USD
CY2014Q3 ati Total Debt
TotalDebt
1526600000 USD
dei Amendment Flag
AmendmentFlag
false
CY2014Q3 ati Corporate Expenses
CorporateExpenses
10000000 USD
CY2014Q3 ati Environmental Remediation Obligation Federal Superfund Sites
EnvironmentalRemediationObligationFederalSuperfundSites
6000000 USD
CY2014Q3 ati Environmental Remediation Obligation For Formerly Owned Sites
EnvironmentalRemediationObligationForFormerlyOwnedSites
9000000 USD
CY2014Q3 ati Environmental Remediation Obligation For Owned Or Controlled Sites With Closed Operations
EnvironmentalRemediationObligationForOwnedOrControlledSitesWithClosedOperations
1000000 USD
CY2014Q3 ati Environmental Remediation Obligations For Ongoing Operations
EnvironmentalRemediationObligationsForOngoingOperations
1000000 USD
CY2014Q3 ati Interest Expense Net
InterestExpenseNet
25200000 USD
ati Interest Expense Net
InterestExpenseNet
82800000 USD
ati Interest Expense Net
InterestExpenseNet
46500000 USD
CY2013Q3 ati Interest Expense Net
InterestExpenseNet
18200000 USD
ati Lifo Provision Benefit
LifoProvisionBenefit
47900000 USD
ati Lifo Provision Benefit
LifoProvisionBenefit
-39100000 USD
ati Net Income Loss Including Portion Attributableto Noncontrolling Interest Reportedin Equity
NetIncomeLossIncludingPortionAttributabletoNoncontrollingInterestReportedinEquity
-15600000 USD
ati Netreceiptspaymentsonintercompanyactivity
Netreceiptspaymentsonintercompanyactivity
0 USD
ati Netreceiptspaymentsonintercompanyactivity
Netreceiptspaymentsonintercompanyactivity
0 USD
CY2014Q3 ati Other Comprehensive Income Loss Before Reclassification Adjustments Net Of Tax Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossBeforeReclassificationAdjustmentsNetOfTaxAttributableToNoncontrollingInterest
1800000 USD
ati Other Comprehensive Income Loss Before Reclassification Adjustments Net Of Tax Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossBeforeReclassificationAdjustmentsNetOfTaxAttributableToNoncontrollingInterest
2500000 USD
ati Other Comprehensive Income Loss Before Reclassification Adjustments Net Of Tax Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossBeforeReclassificationAdjustmentsNetOfTaxAttributableToNoncontrollingInterest
-1200000 USD
CY2013Q3 ati Other Comprehensive Income Loss Before Reclassification Adjustments Net Of Tax Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossBeforeReclassificationAdjustmentsNetOfTaxAttributableToNoncontrollingInterest
100000 USD
CY2013Q3 ati Other Expense
OtherExpense
2100000 USD
ati Other Expense
OtherExpense
16800000 USD
ati Other Expense
OtherExpense
11000000 USD
CY2014Q3 ati Other Expense
OtherExpense
7500000 USD
ati Percentage Electricity Hedged
PercentageElectricityHedged
0.10
ati Percentage Of Forecasted International Sales Hedged
PercentageOfForecastedInternationalSalesHedged
0.20
ati Percentage Of Forecasted Natural Gas Usage Hedgedfor Year1
PercentageOfForecastedNaturalGasUsageHedgedforYear1
0.80
ati Percentage Of Forecasted Natural Gas Usage Hedgedfor Year2
PercentageOfForecastedNaturalGasUsageHedgedforYear2
0.85
ati Percentage Of Forecasted Natural Gas Usage Hedgedfor Year3
PercentageOfForecastedNaturalGasUsageHedgedforYear3
0.65
ati Percentage Of Raw Material Usage Hedged
PercentageOfRawMaterialUsageHedged
0.15
ati Percentageof Forecasted Natural Gas Usage Hedged Year4
PercentageofForecastedNaturalGasUsageHedgedYear4
0.20
ati Proceeds Paymentsfrom Intercompany Activites Investing Activities
ProceedsPaymentsfromIntercompanyActivitesInvestingActivities
0 USD
ati Proceeds Paymentsfrom Intercompany Activites Investing Activities
ProceedsPaymentsfromIntercompanyActivitesInvestingActivities
0 USD
CY2014Q3 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
ati Reclassificationfrom Accumulated Other Comprehensive Income Loss Current Period Netof Tax Attributableto Noncontrolling Interest
ReclassificationfromAccumulatedOtherComprehensiveIncomeLossCurrentPeriodNetofTaxAttributabletoNoncontrollingInterest
0 USD
CY2013Q3 ati Reclassificationfrom Accumulated Other Comprehensive Income Loss Current Period Netof Tax Attributableto Noncontrolling Interest
ReclassificationfromAccumulatedOtherComprehensiveIncomeLossCurrentPeriodNetofTaxAttributabletoNoncontrollingInterest
0 USD
CY2013Q3 ati Restructuring Charge
RestructuringCharge
9500000 USD
CY2013Q3 ati Restructuring Charges Netof Tax
RestructuringChargesNetofTax
8100000 USD
CY2013Q3 ati Retirement Benefit Expense
RetirementBenefitExpense
34500000 USD
CY2014Q3 ati Retirement Benefit Expense
RetirementBenefitExpense
23800000 USD
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Period End Date
DocumentPeriodEndDate
2014-09-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001018963
CY2014Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
108702948 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
0001018963-14-000030-index-headers.html Edgar Link pending
0001018963-14-000030-index.html Edgar Link pending
0001018963-14-000030.txt Edgar Link pending
0001018963-14-000030-xbrl.zip Edgar Link pending
ati-20140930.xml Edgar Link completed
ati-20140930.xsd Edgar Link pending
ati-20140930_cal.xml Edgar Link unprocessable
ati-20140930_def.xml Edgar Link unprocessable
ati-20140930_lab.xml Edgar Link unprocessable
ati-20140930_pre.xml Edgar Link unprocessable
ati201410-qq3.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
fy2013q3exhibit102.htm Edgar Link pending
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