2012 Q2 Form 10-Q Financial Statement

#000106223112000039 Filed on July 27, 2012

View on sec.gov

Income Statement

Concept 2012 Q2 2011 Q2
Revenue $739.8M $686.2M
YoY Change 7.81% 22.62%
Cost Of Revenue $654.0M $555.7M
YoY Change 17.69% 20.62%
Gross Profit $85.80M $130.5M
YoY Change -34.25% 31.95%
Gross Profit Margin 11.6% 19.02%
Selling, General & Admin $55.50M $31.50M
YoY Change 76.19% 5.35%
% of Gross Profit 64.69% 24.14%
Research & Development $28.80M $27.30M
YoY Change 5.49% 46.77%
% of Gross Profit 33.57% 20.92%
Depreciation & Amortization $37.00M $34.90M
YoY Change 6.02% 6.4%
% of Gross Profit 43.12% 26.74%
Operating Expenses $55.50M $58.80M
YoY Change -5.61% 21.24%
Operating Profit $30.30M $71.70M
YoY Change -57.74% 42.26%
Interest Expense $23.40M $20.50M
YoY Change 14.15% -9.29%
% of Operating Profit 77.23% 28.59%
Other Income/Expense, Net -$23.90M -$24.00M
YoY Change -0.42% 3328.57%
Pretax Income $6.400M $47.70M
YoY Change -86.58% 72.2%
Income Tax $1.700M -$200.0K
% Of Pretax Income 26.56% -0.42%
Net Earnings $4.700M $49.20M
YoY Change -90.45% 93.7%
Net Earnings / Revenue 0.64% 7.17%
Basic Earnings Per Share $0.06 $0.65
Diluted Earnings Per Share $0.06 $0.65
COMMON SHARES
Basic Shares Outstanding 75.10M shares 75.40M shares
Diluted Shares Outstanding 75.10M shares 75.40M shares

Balance Sheet

Concept 2012 Q2 2011 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $85.20M $250.3M
YoY Change -65.96% 3.64%
Cash & Equivalents $85.20M $250.3M
Short-Term Investments
Other Short-Term Assets $93.70M $80.80M
YoY Change 15.97% 23.93%
Inventory $208.5M $148.5M
Prepaid Expenses
Receivables $474.2M $199.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $861.6M $678.6M
YoY Change 26.97% 13.92%
LONG-TERM ASSETS
Property, Plant & Equipment $990.3M $960.4M
YoY Change 3.11% 4.1%
Goodwill $155.9M $156.6M
YoY Change -0.45%
Intangibles
YoY Change
Long-Term Investments $0.00
YoY Change
Other Assets $179.5M $159.3M
YoY Change 12.68% -55.95%
Total Long-Term Assets $1.580B $1.517B
YoY Change 4.14% 5.92%
TOTAL ASSETS
Total Short-Term Assets $861.6M $678.6M
Total Long-Term Assets $1.580B $1.517B
Total Assets $2.441B $2.195B
YoY Change 11.2% 8.27%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $439.6M $355.0M
YoY Change 23.83% 23.44%
Accrued Expenses $228.0M $213.0M
YoY Change 7.04% 8.78%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $691.9M $628.5M
YoY Change 10.09% 11.44%
LONG-TERM LIABILITIES
Long-Term Debt $1.174B $964.6M
YoY Change 21.74% -4.74%
Other Long-Term Liabilities $969.7M $960.2M
YoY Change 0.99% -1.16%
Total Long-Term Liabilities $2.144B $964.6M
YoY Change 122.27% -51.38%
TOTAL LIABILITIES
Total Short-Term Liabilities $691.9M $628.5M
Total Long-Term Liabilities $2.144B $964.6M
Total Liabilities $2.836B $2.553B
YoY Change 11.07% 0.2%
SHAREHOLDERS EQUITY
Retained Earnings -$587.6M -$699.4M
YoY Change -15.99%
Common Stock $599.9M $596.6M
YoY Change 0.55%
Preferred Stock
YoY Change
Treasury Stock (at cost) $182.1M $176.2M
YoY Change 3.35%
Treasury Stock Shares 6.000M shares 5.500M shares
Shareholders Equity -$394.7M -$367.7M
YoY Change
Total Liabilities & Shareholders Equity $2.441B $2.195B
YoY Change 11.2% 8.27%

Cashflow Statement

Concept 2012 Q2 2011 Q2
OPERATING ACTIVITIES
Net Income $4.700M $49.20M
YoY Change -90.45% 93.7%
Depreciation, Depletion And Amortization $37.00M $34.90M
YoY Change 6.02% 6.4%
Cash From Operating Activities $96.10M $115.5M
YoY Change -16.8% 34.46%
INVESTING ACTIVITIES
Capital Expenditures -$48.40M -$40.10M
YoY Change 20.7% 86.51%
Acquisitions
YoY Change
Other Investing Activities $300.0K $6.300M
YoY Change -95.24% 1160.0%
Cash From Investing Activities -$48.10M -$33.80M
YoY Change 42.31% 60.95%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -74.10M -49.40M
YoY Change 50.0% 2252.38%
NET CHANGE
Cash From Operating Activities 96.10M 115.5M
Cash From Investing Activities -48.10M -33.80M
Cash From Financing Activities -74.10M -49.40M
Net Change In Cash -26.10M 32.30M
YoY Change -180.8% -48.57%
FREE CASH FLOW
Cash From Operating Activities $96.10M $115.5M
Capital Expenditures -$48.40M -$40.10M
Free Cash Flow $144.5M $155.6M
YoY Change -7.13% 44.88%

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axl Net Income Loss After Royalties And Dividends
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2800000 USD
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axl Noncash Debt Refinancing And Redemption Costs
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axl Selling General And Administrative Expenses
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Q2
dei Document Fiscal Year Focus
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2012
dei Document Period End Date
DocumentPeriodEndDate
2012-06-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001062231
CY2012Q3 dei Entity Common Stock Shares Outstanding
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dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Filer Category
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Large Accelerated Filer
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718696062 USD
dei Entity Registrant Name
EntityRegistrantName
AMERICAN AXLE & MANUFACTURING HOLDINGS INC
dei Entity Voluntary Filers
EntityVoluntaryFilers
No
dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes

Files In Submission

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