Allegheny Technologies Incorporated (ATI) financial statements (2022 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)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 688 | 646 | 491 | 382 | 142 | 230 | 150 | ||
| Cash and cash equivalents | 688 | 646 | 491 | 382 | 142 | 230 | 150 | ||
| Receivables | 470 | 346 | 554 | 528 | 545 | 452 | 400 | ||
| Inventory, net of allowances, customer advances and progress billings | 1,046 | 997 | 1,155 | 1,211 | 1,176 | 1,037 | 1,272 | ||
| Inventory | 1,046 | 997 | 1,155 | 1,211 | 1,176 | 1,037 | 1,272 | ||
| Contract with customer, asset | 54 | 39 | 39 | 51 | ✕ | ✕ | ✕ | ||
| Other current assets | 49 | 38 | 64 | 75 | 53 | 48 | 46 | ||
| Total current assets: | 2,307 | 2,066 | 2,303 | 2,247 | 1,916 | 1,767 | 1,868 | ||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 1,529 | 1,469 | 2,450 | 2,475 | 2,496 | 2,499 | 2,928 | ||
| Intangible assets, net (including goodwill) | 228 | 241 | 526 | 535 | 531 | 642 | 651 | ||
| Goodwill | 228 | 241 | 526 | 535 | 531 | 642 | 651 | ||
| Other noncurrent assets | 222 | 259 | 356 | 245 | 243 | 263 | 305 | ||
| Total noncurrent assets: | 1,979 | 1,969 | 3,332 | 3,255 | 3,270 | 3,404 | 3,884 | ||
| TOTAL ASSETS: | 4,285 | 4,035 | 5,635 | 5,502 | 5,185 | 5,170 | 5,752 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 376 | 291 | 759 | 759 | 703 | 604 | 683 | ||
| Accounts payable | 376 | 291 | 521 | 499 | 420 | 294 | 381 | ||
| Accrued liabilities | 238 | 260 | 282 | 309 | 302 | ||||
| Deferred revenue | 116 | 112 | 79 | ✕ | ✕ | ✕ | ✕ | ||
| Debt | 131 | 18 | 12 | 7 | 10 | 105 | 4 | ||
| Contract with customer, liability | ✕ | ✕ | ✕ | 71 | ✕ | ✕ | ✕ | ||
| Other liabilities | 233 | 233 | |||||||
| Total current liabilities: | 856 | 653 | 849 | 837 | 713 | 709 | 687 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 1,712 | 1,550 | 1,387 | 1,536 | 1,531 | 1,772 | 1,492 | ||
| Other undisclosed long-term debt and lease obligation | 1,712 | 1,550 | 1,387 | 1,536 | 1,531 | 1,772 | 1,492 | ||
| Liabilities, other than long-term debt | 885 | 1,190 | 1,205 | 1,125 | 1,088 | 1,245 | 1,377 | ||
| Contract with customer, liability | ✕ | ✕ | ✕ | 7 | ✕ | ✕ | ✕ | ||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | 16 | 76 | ||||
| Liability, pension and other postretirement and postemployment benefits | 674 | 1,000 | 1,044 | 1,048 | 1,015 | 1,146 | 1,193 | ||
| Other liabilities | 211 | 190 | 161 | 69 | 73 | 83 | 108 | ||
| Other undisclosed noncurrent liabilities | 13 | 10 | |||||||
| Total noncurrent liabilities: | 2,596 | 2,740 | 2,592 | 2,673 | 2,628 | 3,017 | 2,869 | ||
| Total liabilities: | 3,453 | 3,394 | 3,441 | 3,510 | 3,341 | 3,725 | 3,555 | ||
| Temporary equity, carrying amount | 12 | ||||||||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 686 | 521 | 2,090 | 1,886 | 1,739 | 1,355 | 2,083 | ||
| Common stock | 13 | 13 | 13 | 13 | 13 | 11 | 11 | ||
| Treasury stock, value | (5) | (18) | (31) | (26) | (28) | (21) | |||
| Additional paid in capital | 1,597 | 1,626 | 1,618 | 1,615 | 1,596 | 1,189 | 1,162 | ||
| Accumulated other comprehensive loss | (992) | (1,224) | (1,202) | (1,134) | (1,028) | (1,094) | (1,015) | ||
| Retained earnings | 73 | 107 | 1,679 | 1,422 | 1,184 | 1,277 | 1,946 | ||
| Stockholders' equity attributable to noncontrolling interest | 147 | 120 | 103 | 106 | 105 | 90 | 102 | ||
| Total stockholders' equity: | 833 | 641 | 2,193 | 1,992 | 1,845 | 1,445 | 2,184 | ||
| TOTAL LIABILITIES AND EQUITY: | 4,285 | 4,035 | 5,635 | 5,502 | 5,185 | 5,170 | 5,752 | ||
Income statement (P&L) ($ in millions)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 2,800 | 2,982 | 4,123 | 4,047 | 3,525 | 3,135 | 3,720 | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 3,525 | 3,135 | 3,720 | |
| Cost of revenue (Cost of Goods and Services Sold) | (2,467) | (2,689) | (3,485) | (3,416) | (3,076) | (2,972) | (3,659) | |
| Gross profit: | 333 | 293 | 638 | 630 | 449 | 163 | 60 | |
| Operating expenses | (227) | (488) | (272) | (268) | (369) | (775) | (303) | |
| Other undisclosed operating income (loss) | 11 | (1,108) | (127) | |||||
| Operating income (loss): | 118 | (1,303) | 366 | 362 | 80 | (612) | (369) | |
| Nonoperating income (expense) | 18 | (1) | 70 | 21 | 4 | 4 | 3 | |
| Investment income, nonoperating | 1 | 1 | ||||||
| Other nonoperating income (expense) | 18 | (1) | 70 | 21 | 4 | 2 | 2 | |
| Interest and debt expense | (66) | (22) | (22) | (102) | (37) | (125) | (111) | |
| Income (loss) from continuing operations before equity method investments, income taxes: | 70 | (1,325) | 414 | 281 | 47 | (734) | (478) | |
| Other undisclosed loss from continuing operations before income taxes | (60) | (157) | (173) | (33) | (134) | |||
| Income (loss) from continuing operations before income taxes: | 11 | (1,482) | 242 | 248 | (87) | (734) | (478) | |
| Income tax expense (benefit) | (27) | (78) | 29 | (11) | 7 | 107 | 112 | |
| Net income (loss): | (16) | (1,560) | 270 | 237 | (80) | (627) | (366) | |
| Net loss attributable to noncontrolling interest | (22) | (13) | (13) | (14) | (12) | (14) | (12) | |
| Net income (loss) available to common stockholders, basic: | (38) | (1,573) | 258 | 222 | (92) | (641) | (378) | |
| Interest on convertible debt | 13 | 13 | ||||||
| Other undisclosed net loss available to common stockholders, diluted | (0) | |||||||
| Net income (loss) available to common stockholders, diluted: | (38) | (1,573) | 270 | 235 | (92) | (641) | (378) | |
Comprehensive Income ($ in millions)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (16) | (1,560) | 270 | 237 | (80) | (627) | (366) | |
| Other comprehensive income (loss) | 237 | (11) | (69) | (112) | 74 | (89) | (89) | |
| Comprehensive income (loss): | 221 | (1,570) | 201 | 125 | (6) | (716) | (455) | |
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (27) | (24) | (11) | (8) | (20) | (4) | (6) | |
| Comprehensive income (loss), net of tax, attributable to parent: | 194 | (1,595) | 190 | 116 | (26) | (720) | (461) | |
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.