$EAF
GRAFTECH INTERNATIONAL LTD

2015 Q4 Form 10-Q Financial Statement

#000093114815000095 Filed on November 09, 2015

View on sec.gov

Income Statement

Concept 2015 Q4 2015 Q3 2014 Q4
Revenue $118.4M $126.4M -$300.0K
YoY Change -39566.67% -51.47% -100.1%
Cost Of Revenue $113.0M $115.3M -$7.000M
YoY Change -1714.29% -52.52% -102.31%
Gross Profit $5.400M $11.10M $6.700M
YoY Change -19.4% -37.09% 34.0%
Gross Profit Margin 4.56% 8.78%
Selling, General & Admin $16.70M $31.40M $5.600M
YoY Change 198.21% 16.38% -76.17%
% of Gross Profit 309.26% 282.88% 83.58%
Research & Development $900.0K $900.0K $1.200M
YoY Change -25.0% -68.65% -25.0%
% of Gross Profit 16.67% 8.11% 17.91%
Depreciation & Amortization $18.00M $16.70M $26.60M
YoY Change -32.33% -37.22% -48.45%
% of Gross Profit 333.33% 150.45% 397.01%
Operating Expenses $17.50M $32.30M $6.800M
YoY Change 157.35% 8.2% -72.8%
Operating Profit -$12.10M -$21.20M -$100.0K
YoY Change 12000.0% -8.03% -99.5%
Interest Expense -$6.700M $9.002M -$8.500M
YoY Change -21.18% -0.74% -4.49%
% of Operating Profit
Other Income/Expense, Net $1.500M -$1.000M -$1.000M
YoY Change -250.0% -12.97% 11.11%
Pretax Income -$17.40M -$34.40M $40.20M
YoY Change -143.28% 3.85% -212.92%
Income Tax $5.800M $6.300M -$9.200M
% Of Pretax Income -22.89%
Net Earnings -$26.20M -$49.50M -$83.50M
YoY Change -68.62% 41.66% 196.1%
Net Earnings / Revenue -22.13% -39.16%
Basic Earnings Per Share
Diluted Earnings Per Share -$86.70K -$163.8K -$598.6K
COMMON SHARES
Basic Shares Outstanding 1.000K shares 137.3M shares 136.4M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2015 Q4 2015 Q3 2014 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $7.000M $13.50M $17.60M
YoY Change -60.23% 12.5% 44.26%
Cash & Equivalents $6.927M $13.46M $17.55M
Short-Term Investments $100.0K $100.0K
Other Short-Term Assets $2.040M $66.60M $3.437M
YoY Change -40.65% -24.23% 62.35%
Inventory $218.1M $322.3M $382.9M
Prepaid Expenses $21.16M $66.56M $81.62M
Receivables $82.39M $111.0M $162.9M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $426.9M $513.3M $645.0M
YoY Change -33.82% -24.66% -16.85%
LONG-TERM ASSETS
Property, Plant & Equipment $551.2M $650.3M $654.0M
YoY Change -15.73% 0.0% -20.33%
Goodwill $172.1M $170.0M $420.1M
YoY Change -59.05% -65.72% -15.43%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $152.6M $162.5M $97.82M
YoY Change 56.01% 54.71% -14.24%
Total Long-Term Assets $995.1M $996.7M $1.189B
YoY Change -16.29% -22.14% -17.57%
TOTAL ASSETS
Total Short-Term Assets $426.9M $513.3M $645.0M
Total Long-Term Assets $995.1M $996.7M $1.189B
Total Assets $1.422B $1.510B $1.834B
YoY Change -22.46% -23.02% -17.32%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $40.15M $61.99M $86.41M
YoY Change -53.54% -37.21% -25.0%
Accrued Expenses $26.90M $54.80M $67.80M
YoY Change -60.32% -22.05% -5.31%
Deferred Revenue
YoY Change
Short-Term Debt $4.772M $9.600M $188.1M
YoY Change -97.46% 739.16% 16101.89%
Long-Term Debt Due $4.772M $9.600M $188.1M
YoY Change -97.46% 772.73% 16101.89%
Total Short-Term Liabilities $96.12M $131.7M $351.9M
YoY Change -72.68% -28.01% 63.01%
LONG-TERM LIABILITIES
Long-Term Debt $362.5M $368.6M $341.6M
YoY Change 6.1% -31.68% -36.92%
Other Long-Term Liabilities $94.32M $89.64M $107.6M
YoY Change -12.32% -0.38% 9.82%
Total Long-Term Liabilities $456.8M $458.2M $449.2M
YoY Change 1.69% -27.21% -29.76%
TOTAL LIABILITIES
Total Short-Term Liabilities $96.12M $131.7M $351.9M
Total Long-Term Liabilities $456.8M $458.2M $449.2M
Total Liabilities $552.9M $589.9M $801.1M
YoY Change -30.98% -27.39% -6.35%
SHAREHOLDERS EQUITY
Retained Earnings -$245.8M
YoY Change -720.19%
Common Stock $1.528M
YoY Change 0.59%
Preferred Stock
YoY Change
Treasury Stock (at cost) $239.8M
YoY Change -2.99%
Treasury Stock Shares 0.000 shares 15.92M shares
Shareholders Equity $810.5M $1.020B $1.005B
YoY Change
Total Liabilities & Shareholders Equity $1.422B $1.510B $1.834B
YoY Change -22.46% -23.02% -17.32%

Cashflow Statement

Concept 2015 Q4 2015 Q3 2014 Q4
OPERATING ACTIVITIES
Net Income -$26.20M -$49.50M -$83.50M
YoY Change -68.62% 41.66% 196.1%
Depreciation, Depletion And Amortization $18.00M $16.70M $26.60M
YoY Change -32.33% -37.22% -48.45%
Cash From Operating Activities $19.20M $8.000M $38.00M
YoY Change -49.47% -70.37% -26.36%
INVESTING ACTIVITIES
Capital Expenditures -$13.20M -$11.90M -$15.70M
YoY Change -15.92% -47.81% -33.47%
Acquisitions
YoY Change
Other Investing Activities $300.0K $200.0K -$300.0K
YoY Change -200.0% -81.82% -57.14%
Cash From Investing Activities -$12.90M -$11.70M -$16.00M
YoY Change -19.38% -46.08% -34.16%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -12.40M 3.400M -14.90M
YoY Change -16.78% -123.78% -43.77%
NET CHANGE
Cash From Operating Activities 19.20M 8.000M 38.00M
Cash From Investing Activities -12.90M -11.70M -16.00M
Cash From Financing Activities -12.40M 3.400M -14.90M
Net Change In Cash -6.100M -300.0K 7.100M
YoY Change -185.92% -96.67% 787.5%
FREE CASH FLOW
Cash From Operating Activities $19.20M $8.000M $38.00M
Capital Expenditures -$13.20M -$11.90M -$15.70M
Free Cash Flow $32.40M $19.90M $53.70M
YoY Change -39.66% -60.04% -28.59%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2015
dei Document Period End Date
DocumentPeriodEndDate
2015-09-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000931148
CY2015Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
1000 shares
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
GrafTech International LTD.
CY2015Q3 gti Max Reimbursementto Acquiror
MaxReimbursementtoAcquiror
500000 USD
CY2015Q3 gti Numberof Major Product Categories
NumberofMajorProductCategories
7 major_product_categories
CY2014Q4 gti Restructuringand Related Liability
RestructuringandRelatedLiability
9563000 USD
CY2015Q3 gti Restructuringand Related Liability
RestructuringandRelatedLiability
5263000 USD
CY2014Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
86409000 USD
CY2015Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
61987000 USD
CY2014Q4 us-gaap Accounts Payable Related Parties Current
AccountsPayableRelatedPartiesCurrent
0 USD
CY2015Q3 us-gaap Accounts Payable Related Parties Current
AccountsPayableRelatedPartiesCurrent
0 USD
CY2014Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
162919000 USD
CY2015Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
111024000 USD
CY2014Q4 us-gaap Accounts Receivable Related Parties Current
AccountsReceivableRelatedPartiesCurrent
0 USD
CY2015Q3 us-gaap Accounts Receivable Related Parties Current
AccountsReceivableRelatedPartiesCurrent
0 USD
CY2015Q3 us-gaap Accretion Expense
AccretionExpense
773000 USD
us-gaap Accretion Expense
AccretionExpense
0 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4000000 USD
CY2015Q3 us-gaap Accretion Expense
AccretionExpense
0 USD
CY2014Q3 us-gaap Accretion Expense
AccretionExpense
0 USD
us-gaap Accretion Expense
AccretionExpense
0 USD
CY2014Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1300000 USD
CY2015Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
12700000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
15300000 USD
CY2014Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
7471000 USD
CY2015Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
6459000 USD
CY2015Q3 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
0 USD
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
12027000 USD
CY2015Q3 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
5560000 USD
CY2014Q3 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
3100000 USD
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
9145000 USD
CY2015Q3 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
0 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2118000 USD
CY2015Q3 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
922000 USD
CY2014Q3 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
521000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1916000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
10800000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
14300000 USD
CY2014Q4 us-gaap Assets
Assets
1833805000 USD
CY2015Q3 us-gaap Assets
Assets
1510004000 USD
CY2014Q4 us-gaap Assets Current
AssetsCurrent
644995000 USD
CY2014Q4 us-gaap Investments In And Advances To Affiliates At Fair Value
InvestmentsInAndAdvancesToAffiliatesAtFairValue
0 USD
CY2015Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
13461000 USD
CY2014Q4 us-gaap Common Stock Shares Held In Employee Trust Shares
CommonStockSharesHeldInEmployeeTrustShares
80967 shares
CY2015Q3 us-gaap Assets Current
AssetsCurrent
513315000 USD
CY2014Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
17550000 USD
CY2014Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2015Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2015Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2014Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
225000000 shares
CY2015Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
225000000 shares
CY2015Q3 us-gaap Common Stock Shares Held In Employee Trust Shares
CommonStockSharesHeldInEmployeeTrustShares
0 shares
CY2014Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
152821011 shares
CY2015Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
0 shares
CY2014Q4 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.06375
CY2014Q4 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
16819000 USD
CY2015Q3 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
13846000 USD
CY2014Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
28197000 USD
CY2015Q3 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
79269000 USD
CY2015Q1 us-gaap Defined Benefit Plan Settlements Benefit Obligation
DefinedBenefitPlanSettlementsBenefitObligation
59000000 USD
CY2014Q3 us-gaap Derivative Net Hedge Ineffectiveness Gain Loss
DerivativeNetHedgeIneffectivenessGainLoss
700000 USD
CY2015Q3 us-gaap Derivative Net Hedge Ineffectiveness Gain Loss
DerivativeNetHedgeIneffectivenessGainLoss
1800000 USD
CY2014Q4 us-gaap Due To Related Parties Noncurrent
DueToRelatedPartiesNoncurrent
0 USD
CY2015Q3 us-gaap Due To Related Parties Noncurrent
DueToRelatedPartiesNoncurrent
0 USD
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
4500000 USD
CY2014Q4 us-gaap Goodwill
Goodwill
420129000 USD
CY2015Q3 us-gaap Goodwill
Goodwill
170021000 USD
CY2015Q3 us-gaap Interest Expense
InterestExpense
3701000 USD
us-gaap Interest Expense
InterestExpense
27118000 USD
CY2015Q3 us-gaap Interest Expense
InterestExpense
9002000 USD
CY2014Q3 us-gaap Interest Expense
InterestExpense
9069000 USD
us-gaap Interest Expense
InterestExpense
27223000 USD
CY2015Q3 us-gaap Interest Expense Debt
InterestExpenseDebt
2928000 USD
us-gaap Interest Expense Debt
InterestExpenseDebt
12973000 USD
CY2015Q3 us-gaap Interest Expense Debt
InterestExpenseDebt
2520000 USD
CY2014Q3 us-gaap Interest Expense Debt
InterestExpenseDebt
5448000 USD
us-gaap Interest Expense Debt
InterestExpenseDebt
16162000 USD
CY2014Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
84544000 USD
CY2015Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
88573000 USD
CY2014Q4 us-gaap Inventory Net
InventoryNet
382903000 USD
CY2015Q3 us-gaap Inventory Net
InventoryNet
322268000 USD
CY2014Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
122218000 USD
CY2015Q3 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
91480000 USD
CY2014Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
176141000 USD
CY2015Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
142215000 USD
CY2015Q3 us-gaap Investments In And Advances To Affiliates At Fair Value
InvestmentsInAndAdvancesToAffiliatesAtFairValue
0 USD
CY2015Q3 us-gaap Inventory Write Down
InventoryWriteDown
30900000 USD
CY2014Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1833805000 USD
CY2015Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1510004000 USD
CY2014Q4 us-gaap Liabilities Current
LiabilitiesCurrent
351901000 USD
CY2015Q3 us-gaap Liabilities Current
LiabilitiesCurrent
131672000 USD
us-gaap Line Of Credit Facility Interest Rate During Period
LineOfCreditFacilityInterestRateDuringPeriod
0.0217
us-gaap Line Of Credit Facility Interest Rate During Period
LineOfCreditFacilityInterestRateDuringPeriod
0.0245
CY2014Q4 us-gaap Long Term Debt
LongTermDebt
529719000 USD
CY2015Q3 us-gaap Long Term Debt
LongTermDebt
378189000 USD
CY2014Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
188104000 USD
CY2015Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
9600000 USD
CY2014Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
473300000 USD
CY2014Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
341615000 USD
CY2015Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
368589000 USD
CY2014Q4 us-gaap Net Investment Hedge Derivatives At Fair Value Net
NetInvestmentHedgeDerivativesAtFairValueNet
15800000 USD
CY2015Q3 us-gaap Net Investment Hedge Derivatives At Fair Value Net
NetInvestmentHedgeDerivativesAtFairValueNet
13200000 USD
CY2014Q4 us-gaap Notes Receivable Related Parties Noncurrent
NotesReceivableRelatedPartiesNoncurrent
0 USD
CY2015Q3 us-gaap Notes Receivable Related Parties Noncurrent
NotesReceivableRelatedPartiesNoncurrent
0 USD
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2014Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
43319000 USD
CY2015Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
37072000 USD
CY2014Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
97822000 USD
CY2015Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
162474000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
116000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
-154000 USD
CY2014Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
107566000 USD
CY2015Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
89643000 USD
CY2014Q4 us-gaap Other Long Term Debt Current
OtherLongTermDebtCurrent
529700000 USD
CY2014Q4 us-gaap Other Short Term Borrowings
OtherShortTermBorrowings
0 USD
CY2015Q3 us-gaap Other Short Term Borrowings
OtherShortTermBorrowings
0 USD
CY2014Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2015Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2014Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2015Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2014Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2015Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2014Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
81623000 USD
CY2015Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
66562000 USD
CY2014Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
923000 USD
CY2015Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
1332000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
483000 USD
us-gaap Product Warranty Expense
ProductWarrantyExpense
892000 USD
CY2014Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
650348000 USD
CY2014Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
654040000 USD
CY2015Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
650348000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Accelerated Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost
12700000 USD
CY2014Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
188104000 USD
CY2015Q3 us-gaap Short Term Borrowings
ShortTermBorrowings
9600000 USD
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
1004526000 USD
CY2015Q3 us-gaap Stockholders Equity
StockholdersEquity
840831000 USD
us-gaap Subordinated Borrowing Interest Rate
SubordinatedBorrowingInterestRate
0.07
CY2014Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
24506000 USD
CY2015Q3 us-gaap Taxes Payable Current
TaxesPayableCurrent
17750000 USD
CY2014Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
15922729 shares
CY2015Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
0 shares
CY2015Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
3600000 USD
CY2015Q3 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
3400000 USD
us-gaap Comparability Of Prior Year Financial Data
ComparabilityOfPriorYearFinancialData
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:18px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Predecessor and Successor Reporting</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">On August 17, 2015, the Company was acquired by affiliates of Brookfield Asset Management Inc. (see Note 2 "</font><font style="font-family:inherit;font-size:10pt;font-weight:normal;"><font style="font-family:Arial;font-size:10pt;font-weight:normal;">Preferred Share Issuance and Merger</font></font><font style="font-family:Arial;font-size:10pt;">"). We elected to account for the acquisition under the acquisition method of accounting. Under the acquisition method of accounting, the assets and liabilities of GTI were adjusted to their fair market value as of August 15, 2015, as this was the day that Brookfield effectively took control of the Company. </font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Our consolidated statements of operations subsequent to the Merger will include amortization expense relating to the fair value adjustments and depreciation expense based on the the fair value of the Company's property, plant and equipment that had previously been carried at historical cost less accumulated depreciation. Therefore, the Company's financial information prior to the Merger is not comparable to the financial information subsequent to the Merger. As a result, the financial statements and certain note presentations are separated into two distinct periods, the period before the consummation of the Merger (labeled "Predecessor") and the period after the date of merger (labeled "Successor"), to indicate the application of the different basis of accounting between the periods presented.</font></div></div>

Files In Submission

Name View Source Status
0000931148-15-000095-index-headers.html Edgar Link pending
0000931148-15-000095-index.html Edgar Link pending
0000931148-15-000095.txt Edgar Link pending
0000931148-15-000095-xbrl.zip Edgar Link pending
a2015-q310q.htm Edgar Link pending
a2015q310qex311.htm Edgar Link pending
a2015q310qex312.htm Edgar Link pending
a2015q310qex321.htm Edgar Link pending
a2015q310qex322.htm Edgar Link pending
filinglogoa12.jpg Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
gti-20150930.xml Edgar Link completed
gti-20150930.xsd Edgar Link pending
gti-20150930_cal.xml Edgar Link unprocessable
gti-20150930_def.xml Edgar Link unprocessable
gti-20150930_lab.xml Edgar Link unprocessable
gti-20150930_pre.xml Edgar Link unprocessable
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending