Metallus Inc. (MTUS) Financial Statements (2024 and earlier)

Company Profile

Business Address 1835 DUEBER AVENUE SW
CANTON, OH 44706-0928
State of Incorp. OH
Fiscal Year End December 31
Industry (SIC) 3312 - Steel Works, Blast Furnaces (Including Coke Ovens), and Rolling Mills (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments257,200259,600102,80027,10021,60024,500
Cash and cash equivalents257,200259,600102,80027,10021,60024,500
Restricted cash and investments600     
Receivables81,600100,50063,30077,500163,400149,800
Inventory, net of allowances, customer advances and progress billings192,400210,900178,400281,900296,800224,000
Inventory192,400210,900178,400281,900296,800224,000
Asset, held-for-sale, not part of disposal group  4,3003004,100  
Other current assets21,2003,1008,8007,8006,1008,000
Other undisclosed current assets3,6003,9004,0003,3003,5003,900
Total current assets:556,600582,300357,600401,700491,400410,200
Noncurrent Assets
Operating lease, right-of-use asset12,50014,50021,000 
Property, plant and equipment486,100510,200569,800626,400  
Intangible assets, net (including goodwill)5,0006,7009,30014,30017,80019,900
Intangible assets, net (excluding goodwill)5,0006,7009,30014,30017,80019,900
Other noncurrent assets2,4002,1002,8003,3003,5005,200
Other undisclosed noncurrent assets19,40043,10033,50039,50010,50014,600
Total noncurrent assets:525,400576,600636,400683,50031,80039,700
Other undisclosed assets     674,400706,700
TOTAL ASSETS:1,082,0001,158,900994,0001,085,2001,197,6001,156,600
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities139,100162,300105,200103,100217,800195,300
Employee-related liabilities4,3002,30013,90036,80032,400
Accounts payable113,200141,90089,50069,300160,600135,300
Accrued liabilities25,90016,10013,40019,90020,40027,600
Debt20,40044,90038,900   
Other undisclosed current liabilities27,20043,60036,9009,2003,00011,500
Total current liabilities:186,700250,800181,000112,300220,800206,800
Noncurrent Liabilities
Long-term debt and lease obligation  8,80052,800168,60074,10070,100
Long-term debt, excluding current maturities   39,300168,60074,10070,100
Liabilities, other than long-term debt208,800234,700252,700232,100251,700223,500
Deferred income tax liabilities25,9002,2001,000 
Liability, pension and other postretirement and postemployment benefits162,900223,000240,700222,100240,000210,800
Other liabilities13,5009,50011,00010,00011,70012,700
Operating lease, liability6,5008,80013,500 
Other undisclosed noncurrent liabilities    9,100115,80095,500
Total noncurrent liabilities:208,800243,500305,500409,800441,600389,100
Total liabilities:395,500494,300486,500522,100662,400595,900
Equity
Equity, attributable to parent686,500664,600507,500563,100535,200560,700
Treasury stock, value(52,100) (12,900)(24,900)(33,000)(37,400)
Additional paid in capital847,000832,100843,400844,800846,300843,700
Accumulated other comprehensive income (loss)14,70020,70040,40044,700(8,900)(7,600)
Accumulated deficit(123,100)(188,200)(363,400)(301,500)(269,200)(238,000)
Total equity:686,500664,600507,500563,100535,200560,700
TOTAL LIABILITIES AND EQUITY:1,082,0001,158,900994,0001,085,2001,197,6001,156,600

Income Statement (P&L) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues1,329,9001,282,900830,7001,208,8001,610,6001,329,200
Revenue, net1,329,200
Cost of revenue
(Cost of Goods and Services Sold)
(1,203,200)(1,062,900)(815,100)(1,186,200)(1,505,700)(1,261,400)
Gross profit:126,700220,00015,60022,600104,90067,800
Operating expenses(76,500)(95,800)(83,800)(109,700)(98,200)(90,500)
Other undisclosed operating loss     (900)(700)
Operating income (loss):50,200124,200(68,200)(87,100)5,800(23,400)
Nonoperating income (expense)93,90059,50014,200(23,300)(18,600)(4,100)
Investment income, nonoperating3,300     
Other nonoperating income (expense)90,60059,50014,200(23,300)(18,600)(4,100)
Interest and debt expense(47,000)(5,900)(13,100)(15,700)(17,100)(14,800)
Other undisclosed income from continuing operations before equity method investments, income taxes   6,400   
Income (loss) from continuing operations before equity method investments, income taxes:97,100177,800(60,700)(126,100)(29,900)(42,300)
Other undisclosed loss from continuing operations before income taxes  (1,100)    
Income (loss) from continuing operations before income taxes:97,100176,700(60,700)(126,100)(29,900)(42,300)
Income tax expense (benefit)(32,000)(5,700)(1,200)16,100(1,800)(1,500)
Income (loss) from continuing operations:65,100171,000(61,900)(110,000)(31,700)(43,800)
Income (loss) before gain (loss) on sale of properties:171,000(61,900)(110,000)(31,700)(43,800)
Net income (loss) available to common stockholders, basic:65,100171,000(61,900)(110,000)(31,700)(43,800)
Interest on convertible debt1,9004,100    
Net income (loss) available to common stockholders, diluted:67,000175,100(61,900)(110,000)(31,700)(43,800)

Comprehensive Income ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):65,100171,000(61,900)(110,000)(31,700)(43,800)
Other comprehensive income (loss)    53,600(1,300)1,800
Comprehensive income (loss):65,100171,000(61,900)(56,400)(33,000)(42,000)
Other undisclosed comprehensive loss, net of tax, attributable to parent(6,000)(19,700)(4,300)   
Comprehensive income (loss), net of tax, attributable to parent:59,100151,300(66,200)(56,400)(33,000)(42,000)

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.

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