2013 Q3 Form 10-Q Financial Statement

#000144530513002639 Filed on November 01, 2013

View on sec.gov

Income Statement

Concept 2013 Q3 2012 Q3
Revenue $972.4M $1.132B
YoY Change -14.06% -16.35%
Cost Of Revenue $919.3M $988.8M
YoY Change -7.03% -13.02%
Gross Profit $53.10M $142.7M
YoY Change -62.79% -33.87%
Gross Profit Margin 5.46% 12.61%
Selling, General & Admin $70.60M $77.60M
YoY Change -9.02% -19.75%
% of Gross Profit 132.96% 54.38%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $46.60M $48.90M
YoY Change -4.7% 4.94%
% of Gross Profit 87.76% 34.27%
Operating Expenses $70.60M $77.60M
YoY Change -9.02% -19.75%
Operating Profit -$17.50M $65.10M
YoY Change -126.88% -45.34%
Interest Expense -$20.80M -$17.50M
YoY Change 18.86% -25.21%
% of Operating Profit -26.88%
Other Income/Expense, Net $400.0K $200.0K
YoY Change 100.0% -166.67%
Pretax Income -$35.30M $48.10M
YoY Change -173.39% -49.58%
Income Tax -$8.500M $14.80M
% Of Pretax Income 30.77%
Net Earnings -$33.80M $35.30M
YoY Change -195.75% -43.34%
Net Earnings / Revenue -3.48% 3.12%
Basic Earnings Per Share -$0.32 $0.33
Diluted Earnings Per Share -$0.32 $0.32
COMMON SHARES
Basic Shares Outstanding 108.0M shares 107.2M shares
Diluted Shares Outstanding 106.8M shares 116.7M shares

Balance Sheet

Concept 2013 Q3 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $535.7M $281.0M
YoY Change 90.64% -34.88%
Cash & Equivalents $535.7M $281.0M
Short-Term Investments
Other Short-Term Assets $120.6M $57.90M
YoY Change 108.29% 6.83%
Inventory $1.345B $1.460B
Prepaid Expenses
Receivables $576.9M $685.7M
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.694B $2.485B
YoY Change 8.4% -7.61%
LONG-TERM ASSETS
Property, Plant & Equipment $2.745B $2.482B
YoY Change 10.57% 7.58%
Goodwill $728.1M
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00
YoY Change
Other Assets $348.0M $371.4M
YoY Change -6.3% -4.62%
Total Long-Term Assets $3.906B $3.594B
YoY Change 8.68% 4.55%
TOTAL ASSETS
Total Short-Term Assets $2.694B $2.485B
Total Long-Term Assets $3.906B $3.594B
Total Assets $6.599B $6.079B
YoY Change 8.56% -0.79%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $401.9M $409.3M
YoY Change -1.81% -16.78%
Accrued Expenses $304.9M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $419.9M $16.80M
YoY Change 2399.4% -88.41%
Total Short-Term Liabilities $1.169B $775.7M
YoY Change 50.65% -20.73%
LONG-TERM LIABILITIES
Long-Term Debt $1.542B $1.463B
YoY Change 5.45% -1.41%
Other Long-Term Liabilities $94.90M $1.074B
YoY Change -91.16% 791.94%
Total Long-Term Liabilities $94.90M $2.536B
YoY Change -96.26% 2006.64%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.169B $775.7M
Total Long-Term Liabilities $94.90M $2.536B
Total Liabilities $4.035B $3.437B
YoY Change 17.42% 4.59%
SHAREHOLDERS EQUITY
Retained Earnings $2.336B
YoY Change
Common Stock $1.192B $11.00M
YoY Change 10738.18% -99.08%
Preferred Stock
YoY Change
Treasury Stock (at cost) $78.80M
YoY Change
Treasury Stock Shares 1.688M shares
Shareholders Equity $2.467B $2.642B
YoY Change
Total Liabilities & Shareholders Equity $6.599B $6.079B
YoY Change 8.56% -0.79%

Cashflow Statement

Concept 2013 Q3 2012 Q3
OPERATING ACTIVITIES
Net Income -$33.80M $35.30M
YoY Change -195.75% -43.34%
Depreciation, Depletion And Amortization $46.60M $48.90M
YoY Change -4.7% 4.94%
Cash From Operating Activities $169.4M $186.0M
YoY Change -8.92% 3.62%
INVESTING ACTIVITIES
Capital Expenditures -$171.8M -$79.90M
YoY Change 115.02% 12.38%
Acquisitions
YoY Change
Other Investing Activities $300.0K $600.0K
YoY Change -50.0% 50.0%
Cash From Investing Activities -$171.5M -$79.30M
YoY Change 116.27% 12.16%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 463.7M -36.00M
YoY Change -1388.06% -20.18%
NET CHANGE
Cash From Operating Activities 169.4M 186.0M
Cash From Investing Activities -171.5M -79.30M
Cash From Financing Activities 463.7M -36.00M
Net Change In Cash 461.6M 70.70M
YoY Change 552.9% 10.99%
FREE CASH FLOW
Cash From Operating Activities $169.4M $186.0M
Capital Expenditures -$171.8M -$79.90M
Free Cash Flow $341.2M $265.9M
YoY Change 28.32% 6.11%

Facts In Submission

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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The interim consolidated financial statements include the accounts of Allegheny Technologies Incorporated and its subsidiaries. Unless the context requires otherwise, &#8220;Allegheny Technologies&#8221;, &#8220;ATI&#8221; and &#8220;the Company&#8221; refer to Allegheny Technologies Incorporated and its subsidiaries.</font></div><div style="line-height:120%;padding-top:12px;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">These unaudited consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles for interim financial information and with the instructions for Form 10-Q and Article&#160;10 of Regulation S-X. Accordingly, they do not include all of the information and note disclosures required by U.S. generally accepted accounting principles for complete financial statements. In management&#8217;s opinion, all adjustments (which include only normal recurring adjustments) considered necessary for a fair presentation have been included. Certain prior year amounts have been reclassified in order to conform with the fiscal year 2013 presentation. These unaudited consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company&#8217;s </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2012</font><font style="font-family:inherit;font-size:10pt;"> Annual Report on Form 10-K. The results of operations for these interim periods are not necessarily indicative of the operating results for any future period. The </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2012</font><font style="font-family:inherit;font-size:10pt;"> financial information has been derived from the Company&#8217;s audited consolidated financial statements.</font></div></div>
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us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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us-gaap Increase Decrease In Accrued Income Taxes Payable
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27200000 USD
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us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
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us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
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us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Noncontrolling Interest
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us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment For Sale Of Securities Included In Net Income Net Of Tax
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dei Amendment Flag
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dei Current Fiscal Year End Date
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dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
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dei Document Fiscal Year Focus
DocumentFiscalYearFocus
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dei Document Period End Date
DocumentPeriodEndDate
2013-09-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001018963
CY2013Q4 dei Entity Common Stock Shares Outstanding
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dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
ALLEGHENY TECHNOLOGIES INCORPORATED
dei Entity Voluntary Filers
EntityVoluntaryFilers
No
dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes

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