ATI Inc. (ATI) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
2021 MCKINNEY AVENUE DALLAS, TX 75201 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3317 - Steel Pipe and Tubes (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 744 | 584 | 688 | 646 | 491 | 382 | |||
| Cash and cash equivalent | 744 | 584 | 688 | 646 | 491 | 382 | |||
| Receivables | 625 | 579 | 470 | 346 | 554 | 528 | |||
| Inventory, net of allowances, customer advances and progress billings | 1,248 | 1,196 | 1,046 | 997 | 1,155 | 1,211 | |||
| Inventory | 1,248 | 1,196 | 1,046 | 997 | 1,155 | 1,211 | |||
| Contract with customer, asset, after allowance for credit loss | 59 | 64 | 54 | 39 | 39 | 51 | |||
| Other current assets | 62 | 53 | 49 | 38 | 64 | 75 | |||
| Total current assets: | 2,738 | 2,476 | 2,307 | 2,066 | 2,303 | 2,247 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 1,666 | 1,549 | 1,529 | 1,469 | 2,450 | 2,475 | |||
| Intangible assets, net (including goodwill) | 227 | 227 | 228 | 241 | 526 | 535 | |||
| Goodwill | 227 | 227 | 228 | 241 | 526 | 535 | |||
| Other noncurrent assets | 354 | 193 | 222 | 259 | 356 | 245 | |||
| Total noncurrent assets: | 2,247 | 1,969 | 1,979 | 1,969 | 3,332 | 3,255 | |||
| TOTAL ASSETS: | 4,985 | 4,446 | 4,285 | 4,035 | 5,635 | 5,502 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 525 | 553 | 376 | 291 | 759 | 759 | |||
| Accounts payable | 525 | 553 | 376 | 291 | 521 | 499 | |||
| Accrued liabilities | 238 | 260 | |||||||
| Deferred revenue | 164 | 149 | 116 | 112 | 79 | ✕ | |||
| Debt | 32 | 42 | 131 | 18 | 12 | 7 | |||
| Other liabilities | 257 | 220 | 233 | 233 | |||||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 71 | ||
| Total current liabilities: | 977 | 964 | 856 | 653 | 849 | 837 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 2,148 | 1,706 | 1,712 | 1,550 | 1,387 | 1,536 | |||
| Other undisclosed long-term debt and lease obligation | 2,148 | 1,706 | 1,712 | 1,550 | 1,387 | 1,536 | |||
| Liabilities, other than long-term debt | 380 | 618 | 885 | 1,190 | 1,205 | 1,125 | |||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 7 | ||
| Liability, pension and other postretirement and postemployment benefits | 215 | 411 | 674 | 1,000 | 1,044 | 1,048 | |||
| Other liabilities | 165 | 208 | 211 | 190 | 161 | 69 | |||
| Other undisclosed noncurrent liabilities | 13 | ||||||||
| Total noncurrent liabilities: | 2,528 | 2,325 | 2,596 | 2,740 | 2,592 | 2,673 | |||
| Total liabilities: | 3,505 | 3,288 | 3,453 | 3,394 | 3,441 | 3,510 | |||
| Equity | |||||||||
| Equity, attributable to parent | 1,373 | 1,046 | 686 | 521 | 2,090 | 1,886 | |||
| Common stock | 13 | 13 | 13 | 13 | 13 | 13 | |||
| Treasury stock, value | (184) | (87) | (5) | (18) | (31) | ||||
| Additional paid in capital | 1,697 | 1,668 | 1,597 | 1,626 | 1,618 | 1,615 | |||
| Accumulated other comprehensive loss | (83) | (725) | (992) | (1,224) | (1,202) | (1,134) | |||
| Retained earnings (accumulated deficit) | (70) | 177 | 73 | 107 | 1,679 | 1,422 | |||
| Equity, attributable to noncontrolling interest | 108 | 111 | 147 | 120 | 103 | 106 | |||
| Total equity: | 1,481 | 1,157 | 833 | 641 | 2,193 | 1,992 | |||
| TOTAL LIABILITIES AND EQUITY: | 4,985 | 4,446 | 4,285 | 4,035 | 5,635 | 5,502 | |||
Income Statement (P&L) ($ in millions)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 4,174 | 3,836 | 2,800 | 2,982 | 4,123 | 4,047 | ||
| Cost of revenue (Cost of Product and Service Sold) | (3,371) | (3,122) | (2,467) | (2,689) | (3,485) | (3,416) | ||
| Gross profit: | 803 | 714 | 333 | 293 | 638 | 630 | ||
| Operating expenses | (328) | (298) | (227) | (488) | (272) | (268) | ||
| Other undisclosed operating income (loss) | (8) | (129) | 11 | (1,108) | ||||
| Operating income (loss): | 466 | 287 | 118 | (1,303) | 366 | 362 | ||
| Nonoperating income (expense) | 14 | (13) | 18 | (1) | 70 | 21 | ||
| Investment income, nonoperating | 13 | |||||||
| Other nonoperating income (expense) | 1 | (13) | 18 | (1) | 70 | 21 | ||
| Interest and debt expense | (110) | (4) | (66) | (22) | (22) | (102) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 370 | 271 | 70 | (1,325) | 414 | 281 | ||
| Loss from equity method investments | (2) | |||||||
| Other undisclosed loss from continuing operations before income taxes | (74) | (109) | (60) | (157) | (173) | (33) | ||
| Income (loss) from continuing operations before income taxes: | 295 | 162 | 11 | (1,482) | 242 | 248 | ||
| Income tax expense (benefit) | 128 | (16) | (27) | (78) | 29 | (11) | ||
| Income (loss) from continuing operations: | 423 | 147 | (16) | (1,560) | 270 | 237 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (16) | (1,560) | 270 | 237 | |
| Net income (loss): | 423 | 147 | (16) | (1,560) | 270 | 237 | ||
| Net loss attributable to noncontrolling interest | (13) | (16) | (22) | (13) | (13) | (14) | ||
| Net income (loss) available to common stockholders, basic: | 411 | 131 | (38) | (1,573) | 258 | 222 | ||
| Interest on convertible debt | 13 | 13 | ||||||
| Other undisclosed net income available to common stockholders, diluted | 11 | 14 | ||||||
| Net income (loss) available to common stockholders, diluted: | 421 | 144 | (38) | (1,573) | 270 | 235 | ||
Comprehensive Income ($ in millions)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 423 | 147 | (16) | (1,560) | 270 | 237 | ||
| Other comprehensive income (loss) | (16) | 248 | 237 | (11) | (69) | (112) | ||
| Comprehensive income (loss): | 407 | 395 | 221 | (1,570) | 201 | 125 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (12) | 3 | (27) | (24) | (11) | (8) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 395 | 397 | 194 | (1,595) | 190 | 116 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.