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)
Annual | Quarterly

12/31/2019
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 investments4913821422301502701,027
Cash and cash equivalents4913821422301502701,027
Receivables554528545452400608528
Inventory, net of allowances, customer advances and progress billings1,1551,2111,1761,0371,2721,4041,322
Inventory1,1551,2111,1761,0371,2721,4731,322
Progress payments netted against inventory for long-term contracts or programs     (69)✕
Contract with customer, asset3951✕✕✕✕✕
Disposal group, including discontinued operation      6
Prepaid expense and other current assets✕✕✕✕✕✕68
Other current assets6475534846136 
Other undisclosed current assets     65 
Total current assets:2,3032,2471,9161,7671,8682,4822,951
Noncurrent Assets
Property, plant and equipment2,4502,4752,4962,4992,9282,9622,874
Intangible assets, net (including goodwill)526535531642651949715
Goodwill526535531642651780728
Intangible assets, net (excluding goodwill)     169(13)
Other noncurrent assets356245243263305358 
Prepaid expense and other noncurrent assets✕✕✕✕✕✕342
Assets of disposal group, including discontinued operation✕✕✕✕✕✕4
Other undisclosed noncurrent assets     (169)13
Total noncurrent assets:3,3323,2553,2703,4043,8844,1013,948
TOTAL ASSETS:5,6355,5025,1855,1705,7526,5836,899
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities759759703604683957835
Accounts payable521499420294381557472
Accrued liabilities238260282309302323311
Employee-related liabilities     7753
Deferred revenue79✕✕✕✕✕✕
Debt12710105418420
Accrued environmental loss contingencies     98
Disposal group, including discontinued operation      5
Deferred tax liabilities✕    624
Contract with customer, liability✕71✕✕✕✕✕
Other undisclosed current liabilities     (86)(61)
Total current liabilities:8498377137096879601,211
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,3871,5361,5311,7721,4921,5091,527
Other undisclosed long-term debt and lease obligation1,3871,5361,5311,7721,4921,5091,527
Liabilities, other than long-term debt1,2051,1251,0881,2451,3771,3931,165
Pension and other postretirement defined benefit plans, liabilities✕✕✕✕✕✕811
Contract with customer, liability✕7✕✕✕✕✕
Deferred tax liabilities, net✕  167681207
Liability, pension and other postretirement and postemployment benefits1,0441,0481,0151,1461,1931,155✕
Disposal group, including discontinued operation, liabilities     1 
Other liabilities161697383108156148
Other undisclosed noncurrent liabilities 1310  (1) 
Total noncurrent liabilities:2,5922,6732,6283,0172,8692,9012,693
Total liabilities:3,4413,5103,3413,7253,5553,8613,904
Temporary equity, carrying amount    1212 
Stockholders' equity
Stockholders' equity attributable to parent2,0901,8861,7391,3552,0832,5982,894
Common stock13131311111111
Treasury stock, value(18)(31)(26)(28)(21)(44)(80)
Additional paid in capital1,6181,6151,5961,1891,1621,1641,186
Accumulated other comprehensive loss(1,202)(1,134)(1,028)(1,094)(1,015)(931)(713)
Retained earnings1,6791,4221,1841,2771,9462,3992,490
Stockholders' equity attributable to noncontrolling interest10310610590102111101
Total stockholders' equity:2,1931,9921,8451,4452,1842,7092,995
TOTAL LIABILITIES AND EQUITY:5,6355,5025,1855,1705,7526,5836,899

Income statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues4,1234,0473,5253,1353,7204,2234,044
Revenue, net✕✕3,5253,1353,7204,2234,044
Cost of revenue
(Cost of Goods and Services Sold)		(3,485)(3,416)(3,076)(2,972)(3,659)(3,845)(3,791)
Gross profit:63863044916360379253
Operating expenses(272)(268)(369)(775)(303)(301)8
Other undisclosed operating income (loss)    (127)28(352)
Operating income (loss):36636280(612)(369)106(91)
Nonoperating income702144353
Investment income, nonoperating   1111
Other nonoperating income702142242
Interest and debt expense(22)(102)(37)(125)(111)(110)(66)
Income (loss) from continuing operations before equity method investments, income taxes:41428147(734)(478)2(155)
Other undisclosed loss from continuing operations before income taxes(173)(33)(134)    
Income (loss) from continuing operations before income taxes:242248(87)(734)(478)2(155)
Income tax expense (benefit)29(11)71071129(98)
Other undisclosed income from continuing operations      161
Income (loss) from continuing operations:270237(80)(627)(366)10(91)
Income (loss) from discontinued operations     (1)253
Net income (loss):270237(80)(627)(366)10162
Net loss attributable to noncontrolling interest(13)(14)(12)(14)(12)(12)(8)
Net income (loss) available to common stockholders, basic:258222(92)(641)(378)(3)154
Interest on convertible debt1313     
Other undisclosed net income (loss) available to common stockholders, diluted    (0)0(253)
Net income (loss) available to common stockholders, diluted:270235(92)(641)(378)(2)(99)

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):270237(80)(627)(366)10162
Other comprehensive income (loss)(69)(112)74(89)(89)(220)320
Comprehensive income (loss):201125(6)(716)(455)(211)481
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(11)(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:190116(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.

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