AK Steel Holding Corporation (AKS) financial statements (2020 and earlier)

Company profile

Business Address 9227 CENTRE POINTE DRIVE
WEST CHESTER, OH 45069
State of Incorp. DE
Fiscal Year End December 31
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 millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments31 38173577045
Cash and cash equivalents31 38173577045
Receivables624636518442445644525
Inventory, net of allowances, customer advances and progress billings1,3631,4201,1481,1141,2261,172587
Inventory1,3631,4201,1481,1141,2261,172587
Deferred tax assets    6870
Other current assets489713095787147
Other undisclosed current assets 49     
Total current assets:2,0662,2011,8341,8241,8062,0261,273
Noncurrent Assets
Operating lease, right-of-use asset253
Property, plant and equipment1,8921,9121,9862,0142,0872,2131,880
Long-term investments and receivables    71389188
Long-term investments    71389188
Intangible assets, net (including goodwill) 299307  3337
Goodwill 255254  3337
Intangible assets, net (excluding goodwill) 4453    
Other noncurrent assets393104169198121231265
Deferred tax assets, net    7077
Other undisclosed noncurrent assets     (103)(114)
Total noncurrent assets:2,5382,3142,4622,2122,2782,8332,333
TOTAL ASSETS:4,6054,5164,2964,0364,0844,8593,606
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities9481,1291,0018651,0431,125745
Accounts payable676801690590703803602
Accrued liabilities235289271234262267143
Employee-related liabilities373940417856 
Debt54     1
Other undisclosed current liabilities      86
Total current liabilities:1,0021,1291,0018651,0431,125831
Noncurrent Liabilities
Long-term debt and lease obligation2,1891,9942,1101,8172,3542,4531,506
Long-term debt, excluding current maturities1,9701,9942,1101,8172,3542,4531,506
Operating lease, liability219
Liabilities, other than long-term debt9569641,0561,2421,2831,3581,075
Pension and other postretirement defined benefit plans, liabilities965
Liability, pension and other postretirement and postemployment benefits7858308941,0941,1471,225
Other liabilities171134162148136133110
Total noncurrent liabilities:3,1442,9583,1663,0593,6373,8102,582
Total liabilities:4,1464,0864,1673,9244,6804,9363,413
Stockholders' equity
Stockholders' equity attributable to parent135100(216)(272)(978)(493)(221)
Common stock3333222
Treasury stock, value(7)(6)(5)(2)(2)(1)(174)
Additional paid in capital2,9032,8952,8852,8552,2672,2592,079
Accumulated other comprehensive income (loss)(137)(100)(40)(64)(187)(204)323
Accumulated deficit(2,627)(2,692)(3,059)(3,065)(3,057)(2,548)(2,451)
Stockholders' equity attributable to noncontrolling interest324330345363382416414
Total stockholders' equity:45943012991(596)(77)193
Other undisclosed liabilities and equity   21   
TOTAL LIABILITIES AND EQUITY:4,6054,5164,2964,0364,0844,8593,606

Income statement (P&L) ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues6,5916,8186,0815,8836,6936,5995,642
Revenue, net6,0815,8836,6936,5995,642
Cost of revenue(5,957)(6,093)(5,785)(5,652)(6,606)(6,304)(5,421)
Gross profit:63472529623087295221
Operating expenses(348)(361)(76)  (62)(13)
Other undisclosed operating loss     (93)(72)
Operating income:28536422023087139136
Nonoperating income (expense)1525(17)(5)1(21)(1)
Net periodic defined benefits expense (reversal of expense), excluding service cost component(4)19
Other nonoperating income (expense)196(17)(5)1(21)(1)
Interest and debt expense(150)(152)(152)(164)(173)(145)(127)
Income (loss) from continuing operations before equity method investments, income taxes:1512385161(85)(26)7
Other undisclosed loss from continuing operations before income taxes    (298)  
Income (loss) from continuing operations before income taxes:1512385161(383)(26)7
Income tax expense (benefit)(1)617(3)(63)(8)10
Net income (loss):1502446858(446)(34)17
Net loss attributable to noncontrolling interest(51)(58)(61)(66)(63)(63)(64)
Net income (loss) attributable to parent:991866(8)(509)(97)(47)
Other undisclosed net income (loss) available to common stockholders, basic(0)(0) 0200
Net income (loss) available to common stockholders, diluted:991866(8)(507)(97)(47)

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):1502446858(446)(34)17
Other comprehensive income (loss)(70)(51)2412417(528)322
Comprehensive income (loss):8019491182(429)(562)340
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(82)(58)(61)(66)(63)(63)64
Other undisclosed comprehensive income (loss), net of tax, attributable to parent30     (128)
Comprehensive income (loss), net of tax, attributable to parent:2913530116(492)(625)276

Statements sources

The financial statements are based on the company's filings with the 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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