Allegheny Technologies Incorporated (ATI) financial statements (2020 and earlier)
Company profile
| Business Address |
1000 SIX PPG PLACE PITTSBURGH, PA 15222 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| SIC | 3317 - Steel Pipe and Tubes (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 investments | 511 | 382 | 142 | 230 | 150 | 270 | 1,027 | ||
| Cash and cash equivalents | 511 | 382 | 142 | 230 | 150 | 270 | 1,027 | ||
| Receivables | 597 | 528 | 545 | 452 | 400 | 608 | 528 | ||
| Inventory, net of allowances, customer advances and progress billings | 1,169 | 1,211 | 1,176 | 1,037 | 1,272 | 1,404 | 1,322 | ||
| Inventory | 1,169 | 1,211 | 1,176 | 1,037 | 1,272 | 1,473 | 1,322 | ||
| Progress payments netted against inventory for long-term contracts or programs | (69) | ✕ | |||||||
| Contract with customer, asset | 38 | 51 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Disposal group, including discontinued operation | 6 | ||||||||
| Prepaid expense and other current assets | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 68 | ||
| Other current assets | 108 | 75 | 53 | 48 | 46 | 136 | |||
| Other undisclosed current assets | 65 | ||||||||
| Total current assets: | 2,422 | 2,247 | 1,916 | 1,767 | 1,868 | 2,482 | 2,951 | ||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 2,408 | 2,475 | 2,496 | 2,499 | 2,928 | 2,962 | 2,874 | ||
| Intangible assets, net (including goodwill) | 524 | 535 | 531 | 642 | 651 | 949 | 715 | ||
| Goodwill | 524 | 535 | 531 | 642 | 651 | 780 | 728 | ||
| Intangible assets, net (excluding goodwill) | 169 | (13) | |||||||
| Other noncurrent assets | 275 | 245 | 243 | 263 | 305 | 358 | |||
| Prepaid expense and other noncurrent assets | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 342 | ||
| Assets of disposal group, including discontinued operation | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 4 | ||
| Other undisclosed noncurrent assets | (169) | 13 | |||||||
| Total noncurrent assets: | 3,207 | 3,255 | 3,270 | 3,404 | 3,884 | 4,101 | 3,948 | ||
| TOTAL ASSETS: | 5,629 | 5,502 | 5,185 | 5,170 | 5,752 | 6,583 | 6,899 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 654 | 759 | 703 | 604 | 683 | 957 | 835 | ||
| Accounts payable | 416 | 499 | 420 | 294 | 381 | 557 | 472 | ||
| Accrued liabilities | 238 | 260 | 282 | 309 | 302 | 323 | 311 | ||
| Employee-related liabilities | 77 | 53 | |||||||
| Deferred revenue | 97 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Debt | 12 | 7 | 10 | 105 | 4 | 18 | 420 | ||
| Accrued environmental loss contingencies | 9 | 8 | |||||||
| Disposal group, including discontinued operation | 5 | ||||||||
| Deferred tax liabilities | ✕ | 62 | 4 | ||||||
| Contract with customer, liability | ✕ | 71 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Other undisclosed current liabilities | (86) | (61) | |||||||
| Total current liabilities: | 763 | 837 | 713 | 709 | 687 | 960 | 1,211 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 1,542 | 1,536 | 1,531 | 1,772 | 1,492 | 1,509 | 1,527 | ||
| Other undisclosed long-term debt and lease obligation | 1,542 | 1,536 | 1,531 | 1,772 | 1,492 | 1,509 | 1,527 | ||
| Liabilities, other than long-term debt | 1,044 | 1,125 | 1,088 | 1,245 | 1,377 | 1,393 | 1,165 | ||
| Pension and other postretirement defined benefit plans, liabilities | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 811 | ||
| Contract with customer, liability | ✕ | 7 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Deferred tax liabilities, net | ✕ | 16 | 76 | 81 | 207 | ||||
| Deferred income tax liabilities | 16 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Liability, pension and other postretirement and postemployment benefits | 903 | 1,048 | 1,015 | 1,146 | 1,193 | 1,155 | ✕ | ||
| Disposal group, including discontinued operation, liabilities | 1 | ||||||||
| Other liabilities | 125 | 69 | 73 | 83 | 108 | 156 | 148 | ||
| Other undisclosed noncurrent liabilities | 13 | 10 | (1) | ||||||
| Total noncurrent liabilities: | 2,586 | 2,673 | 2,628 | 3,017 | 2,869 | 2,901 | 2,693 | ||
| Total liabilities: | 3,349 | 3,510 | 3,341 | 3,725 | 3,555 | 3,861 | 3,904 | ||
| Temporary equity, carrying amount | 12 | 12 | |||||||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 2,168 | 1,886 | 1,739 | 1,355 | 2,083 | 2,598 | 2,894 | ||
| Common stock | 13 | 13 | 13 | 11 | 11 | 11 | 11 | ||
| Treasury stock, value | (18) | (31) | (26) | (28) | (21) | (44) | (80) | ||
| Additional paid in capital | 1,612 | 1,615 | 1,596 | 1,189 | 1,162 | 1,164 | 1,186 | ||
| Accumulated other comprehensive loss | (1,061) | (1,134) | (1,028) | (1,094) | (1,015) | (931) | (713) | ||
| Retained earnings | 1,623 | 1,422 | 1,184 | 1,277 | 1,946 | 2,399 | 2,490 | ||
| Stockholders' equity attributable to noncontrolling interest | 112 | 106 | 105 | 90 | 102 | 111 | 101 | ||
| Total stockholders' equity: | 2,280 | 1,992 | 1,845 | 1,445 | 2,184 | 2,709 | 2,995 | ||
| TOTAL LIABILITIES AND EQUITY: | 5,629 | 5,502 | 5,185 | 5,170 | 5,752 | 6,583 | 6,899 | ||
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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 4,142 | 4,047 | 3,525 | 3,135 | 3,720 | 4,223 | 4,044 | |
| Revenue, net | ✕ | ✕ | 3,525 | 3,135 | 3,720 | 4,223 | 4,044 | |
| Cost of revenue (Cost of Goods and Services Sold) | (3,526) | (3,416) | (3,076) | (2,972) | (3,659) | (3,845) | (3,791) | |
| Gross profit: | 616 | 630 | 449 | 163 | 60 | 379 | 253 | |
| Operating expenses | (274) | (268) | (369) | (775) | (303) | (301) | 8 | |
| Other undisclosed operating income (loss) | (127) | 28 | (352) | |||||
| Operating income (loss): | 342 | 362 | 80 | (612) | (369) | 106 | (91) | |
| Nonoperating income | 81 | 21 | 4 | 4 | 3 | 5 | 3 | |
| Investment income, nonoperating | 1 | 1 | 1 | 1 | ||||
| Other nonoperating income | 81 | 21 | 4 | 2 | 2 | 4 | 2 | |
| Interest and debt expense | (0) | (102) | (37) | (125) | (111) | (110) | (66) | |
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (131) | |||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 292 | 281 | 47 | (734) | (478) | 2 | (155) | |
| Other undisclosed loss from continuing operations before income taxes | (33) | (33) | (134) | |||||
| Income (loss) from continuing operations before income taxes: | 260 | 248 | (87) | (734) | (478) | 2 | (155) | |
| Income tax expense (benefit) | (5) | (11) | 7 | 107 | 112 | 9 | (98) | |
| Other undisclosed income from continuing operations | 161 | |||||||
| Income (loss) from continuing operations: | 255 | 237 | (80) | (627) | (366) | 10 | (91) | |
| Income (loss) from discontinued operations | (1) | 253 | ||||||
| Net income (loss): | 255 | 237 | (80) | (627) | (366) | 10 | 162 | |
| Net loss attributable to noncontrolling interest | (13) | (14) | (12) | (14) | (12) | (12) | (8) | |
| Net income (loss) available to common stockholders, basic: | 242 | 222 | (92) | (641) | (378) | (3) | 154 | |
| Interest on convertible debt | 10 | 13 | ||||||
| Other undisclosed net income (loss) available to common stockholders, diluted | (0) | 0 | (253) | |||||
| Net income (loss) available to common stockholders, diluted: | 252 | 235 | (92) | (641) | (378) | (2) | (99) | |
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): | 255 | 237 | (80) | (627) | (366) | 10 | 162 | |
| Other comprehensive income (loss) | (74) | (112) | 74 | (89) | (89) | (220) | 320 | |
| Comprehensive income (loss): | 181 | 125 | (6) | (716) | (455) | (211) | 481 | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (9) | (8) | (20) | (4) | (6) | (10) | 11 | |
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (22) | |||||||
| Comprehensive income (loss), net of tax, attributable to parent: | 172 | 116 | (26) | (720) | (461) | (221) | 470 | |
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.