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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments  381735770
Cash and cash equivalents  381735770
Receivables 636518442445644
Inventory, net of allowances, customer advances and progress billings 1,4201,1481,1141,2261,172
Inventory 1,4201,1481,1141,2261,172
Deferred tax assets    68
Other current assets 97130957871
Other undisclosed current assets 49    
Total current assets: 2,2011,8341,8241,8062,026
Noncurrent Assets
Property, plant and equipment 1,9121,9862,0142,0872,213
Long-term investments and receivables    71389
Long-term investments    71389
Intangible assets, net (including goodwill) 299307  33
Goodwill 255254  33
Intangible assets, net (excluding goodwill) 4453   
Other noncurrent assets 104169198121231
Deferred tax assets, net    70
Other undisclosed noncurrent assets     (103)
Total noncurrent assets: 2,3142,4622,2122,2782,833
TOTAL ASSETS: 4,5164,2964,0364,0844,859
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 1,1291,0018651,0431,125
Accounts payable 801690590703803
Accrued liabilities 289271234262267
Employee-related liabilities 3940417856
Total current liabilities: 1,1291,0018651,0431,125
Noncurrent Liabilities
Long-term debt and lease obligation 1,9942,1101,8172,3542,453
Long-term debt, excluding current maturities 1,9942,1101,8172,3542,453
Liabilities, other than long-term debt 9641,0561,2421,2831,358
Liability, pension and other postretirement and postemployment benefits 8308941,0941,1471,225
Other liabilities 134162148136133
Total noncurrent liabilities: 2,9583,1663,0593,6373,810
Total liabilities: 4,0864,1673,9244,6804,936
Stockholders' equity
Stockholders' equity attributable to parent 100(216)(272)(978)(493)
Common stock 33322
Treasury stock, value (6)(5)(2)(2)(1)
Additional paid in capital 2,8952,8852,8552,2672,259
Accumulated other comprehensive loss (100)(40)(64)(187)(204)
Accumulated deficit (2,692)(3,059)(3,065)(3,057)(2,548)
Stockholders' equity attributable to noncontrolling interest 330345363382416
Total stockholders' equity: 43012991(596)(77)
Other undisclosed liabilities and equity   21  
TOTAL LIABILITIES AND EQUITY: 4,5164,2964,0364,0844,859

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues 6,8186,0815,8836,6936,599
Revenue, net6,0815,8836,6936,599
Cost of revenue (6,093)(5,785)(5,652)(6,606)(6,304)
Gross profit: 72529623087295
Operating expenses (361)(76)  (62)
Other undisclosed operating loss     (93)
Operating income: 36422023087139
Nonoperating income (expense) 25(17)(5)1(21)
Net periodic defined benefits expense (reversal of expense), excluding service cost component 19
Other nonoperating income (expense) 6(17)(5)1(21)
Interest and debt expense (152)(152)(164)(173)(145)
Income (loss) from continuing operations before equity method investments, income taxes: 2385161(85)(26)
Other undisclosed loss from continuing operations before income taxes    (298) 
Income (loss) from continuing operations before income taxes: 2385161(383)(26)
Income tax expense (benefit) 617(3)(63)(8)
Net income (loss): 2446858(446)(34)
Net loss attributable to noncontrolling interest (58)(61)(66)(63)(63)
Net income (loss) attributable to parent: 1866(8)(509)(97)
Other undisclosed net income (loss) available to common stockholders, basic (0) 020
Net income (loss) available to common stockholders, diluted: 1866(8)(507)(97)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss): 2446858(446)(34)
Other comprehensive income (loss) (51)2412417(528)
Comprehensive income (loss): 19491182(429)(562)
Comprehensive loss, net of tax, attributable to noncontrolling interest (58)(61)(66)(63)(63)
Comprehensive income (loss), net of tax, attributable to parent: 13530116(492)(625)

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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