$MTUS
Metallus Inc.

2016 Q2 Form 10-Q Financial Statement

#000119312516671776 Filed on August 04, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2015 Q2
Revenue $223.1M $278.2M
YoY Change -19.81% -37.09%
Cost Of Revenue $210.8M $284.3M
YoY Change -25.85% -23.06%
Gross Profit $12.30M $2.100M
YoY Change 485.71% -97.11%
Gross Profit Margin 5.51% 0.75%
Selling, General & Admin $22.90M $29.70M
YoY Change -22.9% 13.79%
% of Gross Profit 186.18% 1414.29%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $18.50M $19.10M
YoY Change -3.14% 36.43%
% of Gross Profit 150.41% 909.52%
Operating Expenses $22.90M $29.70M
YoY Change -22.9% 13.79%
Operating Profit -$10.90M -$37.40M
YoY Change -70.86% -180.26%
Interest Expense $2.100M $1.000M
YoY Change 110.0% 42.86%
% of Operating Profit
Other Income/Expense, Net $2.600M -$500.0K
YoY Change -620.0% -66.67%
Pretax Income -$10.40M -$38.90M
YoY Change -73.26% -187.61%
Income Tax -$3.800M -$14.60M
% Of Pretax Income
Net Earnings -$6.600M -$18.10M
YoY Change -63.54% -163.29%
Net Earnings / Revenue -2.96% -6.51%
Basic Earnings Per Share -$0.15 -$0.40
Diluted Earnings Per Share -$0.15 -$0.40
COMMON SHARES
Basic Shares Outstanding 44.22M shares 44.78M shares
Diluted Shares Outstanding 44.22M shares 44.78M shares

Balance Sheet

Concept 2016 Q2 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $37.20M $35.70M
YoY Change 4.2% -18.31%
Cash & Equivalents $37.20M $35.70M
Short-Term Investments
Other Short-Term Assets $6.900M $9.300M
YoY Change -25.81% 173.53%
Inventory $157.4M $229.5M
Prepaid Expenses
Receivables $97.40M $115.3M
Other Receivables $0.00 $0.00
Total Short-Term Assets $300.6M $420.1M
YoY Change -28.45% -12.17%
LONG-TERM ASSETS
Property, Plant & Equipment $750.0M $764.5M
YoY Change -1.9% 1.88%
Goodwill
YoY Change
Intangibles $27.30M $31.60M
YoY Change -13.61% 195.33%
Long-Term Investments
YoY Change
Other Assets $5.400M $2.500M
YoY Change 116.0% -3.85%
Total Long-Term Assets $56.80M $44.40M
YoY Change 27.93% -50.88%
TOTAL ASSETS
Total Short-Term Assets $300.6M $420.1M
Total Long-Term Assets $56.80M $44.40M
Total Assets $1.107B $1.229B
YoY Change -9.89% -6.83%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $72.60M $61.80M
YoY Change 17.48% -53.39%
Accrued Expenses $19.70M $41.80M
YoY Change -52.87% -20.53%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $110.5M $133.9M
YoY Change -17.48% -33.52%
LONG-TERM LIABILITIES
Long-Term Debt $145.3M $175.2M
YoY Change -17.07% 34.56%
Other Long-Term Liabilities $12.40M $10.00M
YoY Change 24.0% -5.66%
Total Long-Term Liabilities $313.0M $365.2M
YoY Change -14.29% 13.95%
TOTAL LIABILITIES
Total Short-Term Liabilities $110.5M $133.9M
Total Long-Term Liabilities $313.0M $365.2M
Total Liabilities $423.5M $499.1M
YoY Change -15.15% -4.37%
SHAREHOLDERS EQUITY
Retained Earnings -$85.80M -$500.0K
YoY Change 17060.0%
Common Stock $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $45.10M $34.20M
YoY Change 31.87%
Treasury Stock Shares 1.500M shares
Shareholders Equity $683.9M $729.9M
YoY Change
Total Liabilities & Shareholders Equity $1.107B $1.229B
YoY Change -9.89% -6.83%

Cashflow Statement

Concept 2016 Q2 2015 Q2
OPERATING ACTIVITIES
Net Income -$6.600M -$18.10M
YoY Change -63.54% -163.29%
Depreciation, Depletion And Amortization $18.50M $19.10M
YoY Change -3.14% 36.43%
Cash From Operating Activities $27.90M $47.60M
YoY Change -41.39% 371.29%
INVESTING ACTIVITIES
Capital Expenditures -$6.700M -$16.70M
YoY Change -59.88% -48.77%
Acquisitions
YoY Change
Other Investing Activities $100.0K
YoY Change
Cash From Investing Activities -$6.700M -$16.60M
YoY Change -59.64% -49.08%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -21.50M -26.30M
YoY Change -18.25% -139.73%
NET CHANGE
Cash From Operating Activities 27.90M 47.60M
Cash From Investing Activities -6.700M -16.60M
Cash From Financing Activities -21.50M -26.30M
Net Change In Cash -300.0K 4.700M
YoY Change -106.38% -89.24%
FREE CASH FLOW
Cash From Operating Activities $27.90M $47.60M
Capital Expenditures -$6.700M -$16.70M
Free Cash Flow $34.60M $64.30M
YoY Change -46.19% 50.59%

Facts In Submission

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OciBeforeReclassificationsBeforeTaxAttributableToParent
-100000 USD
us-gaap Oci Before Reclassifications Before Tax Attributable To Parent
OciBeforeReclassificationsBeforeTaxAttributableToParent
-1500000 USD
CY2015Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-37400000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-25300000 USD
CY2016Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-13800000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-33300000 USD
CY2015Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
30100000 USD
CY2016Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
18200000 USD
CY2015Q4 us-gaap Other Assets Current
OtherAssetsCurrent
9200000 USD
CY2016Q2 us-gaap Other Assets Current
OtherAssetsCurrent
6900000 USD
CY2015Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
4100000 USD
CY2016Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
5400000 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
900000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
0 USD
CY2016Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-1800000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-2300000 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
5500000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
11100000 USD
CY2016Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
3300000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
7000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
11100000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
7000000 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax
-4600000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax
-11100000 USD
CY2016Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax
-5100000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax
-9300000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
9300000 USD
us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
6400000 USD
us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
5100000 USD
CY2015Q4 us-gaap Other Inventory Supplies
OtherInventorySupplies
43300000 USD
CY2016Q2 us-gaap Other Inventory Supplies
OtherInventorySupplies
38500000 USD
CY2015Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
10000000 USD
CY2016Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
12400000 USD
CY2015Q4 us-gaap Other Long Term Debt
OtherLongTermDebt
200200000 USD
CY2016Q2 us-gaap Other Long Term Debt
OtherLongTermDebt
80200000 USD
CY2015Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-500000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1400000 USD
CY2016Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-700000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1500000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
34600000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
15200000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
5000000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
us-gaap Payments For Restructuring
PaymentsForRestructuring
2100000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
2600000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
12500000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
0 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1700000 USD
us-gaap Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
8300000 USD
us-gaap Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
3300000 USD
us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
15100000 USD
us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
14200000 USD
CY2015Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Current Liabilities
PensionAndOtherPostretirementDefinedBenefitPlansCurrentLiabilities
3200000 USD
CY2016Q2 us-gaap Pension And Other Postretirement Defined Benefit Plans Current Liabilities
PensionAndOtherPostretirementDefinedBenefitPlansCurrentLiabilities
3200000 USD
CY2015Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
114100000 USD
CY2016Q2 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
130100000 USD
CY2016Q2 us-gaap Percentage Of Lifo Inventory
PercentageOfLIFOInventory
0.63
CY2015Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2016Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2015Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2016Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2015Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2016Q2 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2015Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
11400000 USD
CY2016Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
1700000 USD
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
0 USD
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
86300000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
30000000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
300000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1300000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 USD
CY2015Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1804700000 USD
CY2016Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1817200000 USD
CY2015Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
769300000 USD
CY2016Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
750000000 USD
us-gaap Reclassification From Aoci Current Period Before Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodBeforeTaxAttributableToParent
-17600000 USD
us-gaap Reclassification From Aoci Current Period Before Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodBeforeTaxAttributableToParent
-13600000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
40000000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
120000000 USD
us-gaap Restructuring Charges
RestructuringCharges
300000 USD
CY2015Q2 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
1600000 USD
us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
2000000 USD
CY2016Q2 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
300000 USD
us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
300000 USD
CY2015Q4 us-gaap Restructuring Reserve
RestructuringReserve
2300000 USD
CY2016Q2 us-gaap Restructuring Reserve
RestructuringReserve
500000 USD
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-61700000 USD
CY2016Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-85800000 USD
CY2015Q2 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
278200000 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
666900000 USD
CY2016Q2 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
223100000 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
441000000 USD
CY2015Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
29700000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
58800000 USD
CY2016Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
23700000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
46600000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
4800000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
3000000 USD
CY2016Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
6750000.00 shares
CY2016Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
11050000.00 shares
us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
0 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
686400000 USD
CY2016Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
683900000 USD
CY2015Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
1500000 shares
CY2016Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
1500000 shares
CY2015Q4 us-gaap Treasury Stock Value
TreasuryStockValue
46300000 USD
CY2016Q2 us-gaap Treasury Stock Value
TreasuryStockValue
45100000 USD
CY2015Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
44779016 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
44776190 shares
CY2016Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
44220496 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
44212796 shares
CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
44779016 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
44776190 shares
CY2016Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
44220496 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
44212796 shares

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