$MTUS
Metallus Inc.

2016 Q4 Form 10-Q Financial Statement

#000159842816000108 Filed on October 27, 2016

View on sec.gov

Income Statement

Concept 2016 Q4 2016 Q3 2015 Q3
Revenue $214.7M $213.8M $232.7M
YoY Change 3.92% -8.12% -46.41%
Cost Of Revenue $212.0M $206.3M $253.2M
YoY Change 20.87% -18.52% -30.25%
Gross Profit $2.700M $7.500M -$12.30M
YoY Change -70.97% -160.98% -117.28%
Gross Profit Margin 1.26% 3.51% -5.29%
Selling, General & Admin $23.40M $21.80M $26.60M
YoY Change 18.78% -18.05% -14.47%
% of Gross Profit 866.67% 290.67%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $18.70M $19.00M $17.90M
YoY Change -0.53% 6.15% 16.99%
% of Gross Profit 692.59% 253.33%
Operating Expenses $23.40M $21.80M $26.60M
YoY Change 18.78% -18.05% -14.47%
Operating Profit -$20.70M -$14.30M -$47.90M
YoY Change 99.04% -70.15% -219.45%
Interest Expense -$3.400M $3.900M $900.0K
YoY Change 142.86% 333.33% 350.0%
% of Operating Profit
Other Income/Expense, Net -$55.90M -$17.30M -$1.000M
YoY Change 11080.0% 1630.0% 400.0%
Pretax Income -$80.00M -$35.50M -$49.80M
YoY Change -1455.93% -28.71% -225.44%
Income Tax -$13.00M -$13.30M -$19.00M
% Of Pretax Income
Net Earnings -$67.00M -$22.20M -$24.50M
YoY Change 385.51% -9.39% -195.33%
Net Earnings / Revenue -31.21% -10.38% -10.53%
Basic Earnings Per Share -$1.52 -$0.50 -$0.55
Diluted Earnings Per Share -$1.52 -$0.50 -$0.55
COMMON SHARES
Basic Shares Outstanding 44.22M shares 44.22M shares 44.43M shares
Diluted Shares Outstanding 44.22M shares 44.43M shares

Balance Sheet

Concept 2016 Q4 2016 Q3 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $25.60M $23.30M $30.80M
YoY Change -39.62% -24.35% -17.87%
Cash & Equivalents $25.60M $23.30M $30.80M
Short-Term Investments
Other Short-Term Assets $6.200M $6.700M $9.300M
YoY Change -32.61% -27.96% -50.53%
Inventory $164.2M $155.4M $196.0M
Prepaid Expenses
Receivables $91.60M $103.8M $106.7M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $290.4M $293.0M $372.9M
YoY Change -8.62% -21.43% -32.16%
LONG-TERM ASSETS
Property, Plant & Equipment $741.9M $743.5M $764.3M
YoY Change -3.56% -2.72% 0.9%
Goodwill
YoY Change
Intangibles $25.00M $25.70M $29.10M
YoY Change -18.3% -11.68% 177.14%
Long-Term Investments
YoY Change
Other Assets $6.400M $4.900M $2.500M
YoY Change 56.1% 96.0% 0.0%
Total Long-Term Assets $37.60M $41.60M $43.00M
YoY Change -32.13% -3.26% -53.76%
TOTAL ASSETS
Total Short-Term Assets $290.4M $293.0M $372.9M
Total Long-Term Assets $37.60M $41.60M $43.00M
Total Assets $1.070B $1.078B $1.180B
YoY Change -6.35% -8.65% -15.71%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $87.00M $73.10M $48.90M
YoY Change 75.76% 49.49% -64.62%
Accrued Expenses $23.30M $21.40M $39.20M
YoY Change -5.28% -45.41% -38.65%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $130.7M $115.9M $116.7M
YoY Change 25.43% -0.69% -52.6%
LONG-TERM LIABILITIES
Long-Term Debt $136.6M $135.8M $205.2M
YoY Change -31.77% -33.82% 57.6%
Other Long-Term Liabilities $13.10M $12.70M $10.20M
YoY Change 31.0% 24.51% -12.82%
Total Long-Term Liabilities $341.8M $302.4M $376.5M
YoY Change -4.07% -19.68% 15.17%
TOTAL LIABILITIES
Total Short-Term Liabilities $130.7M $115.9M $116.7M
Total Long-Term Liabilities $341.8M $302.4M $376.5M
Total Liabilities $472.5M $418.3M $493.2M
YoY Change 2.61% -15.19% -13.94%
SHAREHOLDERS EQUITY
Retained Earnings -$193.9M -$102.4M -$37.50M
YoY Change 109.4% 173.07% -294.3%
Common Stock $0.00 $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $44.90M $45.10M $46.30M
YoY Change -3.02% -2.59% 1029.27%
Treasury Stock Shares 1.500M shares 1.500M shares
Shareholders Equity $597.4M $659.8M $687.0M
YoY Change
Total Liabilities & Shareholders Equity $1.070B $1.078B $1.180B
YoY Change -6.35% -8.65% -15.71%

Cashflow Statement

Concept 2016 Q4 2016 Q3 2015 Q3
OPERATING ACTIVITIES
Net Income -$67.00M -$22.20M -$24.50M
YoY Change 385.51% -9.39% -195.33%
Depreciation, Depletion And Amortization $18.70M $19.00M $17.90M
YoY Change -0.53% 6.15% 16.99%
Cash From Operating Activities $18.90M $7.500M $1.600M
YoY Change -56.35% 368.75% -87.69%
INVESTING ACTIVITIES
Capital Expenditures -$16.60M -$10.90M -$18.30M
YoY Change -34.39% -40.44% 4.57%
Acquisitions
YoY Change
Other Investing Activities $0.00 $100.0K
YoY Change
Cash From Investing Activities -$16.60M -$10.90M -$18.20M
YoY Change -34.39% -40.11% 4.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 -10.50M 11.70M
YoY Change -100.0% -189.74% -788.24%
NET CHANGE
Cash From Operating Activities 18.90M 7.500M 1.600M
Cash From Investing Activities -16.60M -10.90M -18.20M
Cash From Financing Activities 0.000 -10.50M 11.70M
Net Change In Cash 2.300M -13.90M -4.900M
YoY Change -80.17% 183.67% -20.97%
FREE CASH FLOW
Cash From Operating Activities $18.90M $7.500M $1.600M
Capital Expenditures -$16.60M -$10.90M -$18.30M
Free Cash Flow $35.50M $18.40M $19.90M
YoY Change -48.25% -7.54% -34.75%

Facts In Submission

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CY2015Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
1298200000 USD
CY2016Q3 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
1332300000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-15000000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-48500000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-52500000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-26100000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
63800000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
55500000 USD
CY2015Q3 us-gaap Net Income Loss
NetIncomeLoss
-30800000 USD
us-gaap Net Income Loss
NetIncomeLoss
-48200000 USD
CY2016Q3 us-gaap Net Income Loss
NetIncomeLoss
-16600000 USD
us-gaap Net Income Loss
NetIncomeLoss
-40700000 USD
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
us-gaap Oci Before Reclassifications Before Tax Attributable To Parent
OciBeforeReclassificationsBeforeTaxAttributableToParent
-600000 USD
us-gaap Oci Before Reclassifications Before Tax Attributable To Parent
OciBeforeReclassificationsBeforeTaxAttributableToParent
-22300000 USD
CY2015Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-47900000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-73200000 USD
CY2016Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-22500000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-55800000 USD
CY2015Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
30100000 USD
CY2016Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
21400000 USD
CY2015Q4 us-gaap Other Assets Current
OtherAssetsCurrent
9200000 USD
CY2016Q3 us-gaap Other Assets Current
OtherAssetsCurrent
6700000 USD
CY2015Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
4100000 USD
CY2016Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
4900000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-1100000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-1100000 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-500000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-2800000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
5000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
16100000 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-9000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-2000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
16100000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-2000000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-6100000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-17200000 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
8500000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-800000 USD
us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
-10000000 USD
us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
-100000 USD
CY2015Q4 us-gaap Other Inventory Supplies
OtherInventorySupplies
43300000 USD
CY2016Q3 us-gaap Other Inventory Supplies
OtherInventorySupplies
38500000 USD
CY2015Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
10000000 USD
CY2016Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
12700000 USD
CY2015Q4 us-gaap Other Long Term Debt
OtherLongTermDebt
200200000 USD
CY2016Q3 us-gaap Other Long Term Debt
OtherLongTermDebt
70200000 USD
CY2015Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1000000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-2400000 USD
CY2016Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-200000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1700000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
52900000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
26100000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
17300000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
us-gaap Payments For Restructuring
PaymentsForRestructuring
2400000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
3100000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
18700000 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
12200000 USD
us-gaap Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
3100000 USD
us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
22900000 USD
us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
21200000 USD
CY2015Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Current Liabilities
PensionAndOtherPostretirementDefinedBenefitPlansCurrentLiabilities
3200000 USD
CY2016Q3 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
CY2016Q3 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
143800000 USD
CY2016Q3 us-gaap Percentage Of Lifo Inventory
PercentageOfLIFOInventory
0.63
CY2015Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2016Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2015Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2016Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2015Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2016Q3 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2015Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
11400000 USD
CY2016Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
3800000 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
65000000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
400000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1500000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 USD
CY2015Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1804700000 USD
CY2016Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1826900000 USD
CY2015Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
769300000 USD
CY2016Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
743500000 USD
us-gaap Reclassification From Aoci Current Period Before Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodBeforeTaxAttributableToParent
26700000 USD
us-gaap Reclassification From Aoci Current Period Before Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodBeforeTaxAttributableToParent
-20200000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
45000000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
130000000 USD
us-gaap Restructuring Charges
RestructuringCharges
300000 USD
CY2015Q3 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
800000 USD
us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
2800000 USD
CY2016Q3 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
0 USD
us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
300000 USD
CY2015Q4 us-gaap Restructuring Reserve
RestructuringReserve
2300000 USD
CY2016Q3 us-gaap Restructuring Reserve
RestructuringReserve
200000 USD
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-61700000 USD
CY2016Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-102400000 USD
CY2015Q3 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
232700000 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
899600000 USD
CY2016Q3 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
213800000 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
654800000 USD
CY2015Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
26600000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
85400000 USD
CY2016Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
25000000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
71600000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
6000000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
4600000 USD
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
CY2016Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
659800000 USD
CY2015Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
1500000 shares
CY2016Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
1500000 shares
CY2015Q4 us-gaap Treasury Stock Value
TreasuryStockValue
46300000 USD
CY2016Q3 us-gaap Treasury Stock Value
TreasuryStockValue
45100000 USD
CY2015Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
44431092 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
44636149 shares
CY2016Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
44221310 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
44215373 shares
CY2015Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
44431092 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
44636149 shares
CY2016Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
44221310 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
44215373 shares

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