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 investments688646491382142230150
Cash and cash equivalents688646491382142230150
Receivables470346554528545452400
Inventory, net of allowances, customer advances and progress billings1,0469971,1551,2111,1761,0371,272
Inventory1,0469971,1551,2111,1761,0371,272
Contract with customer, asset54393951
Other current assets49386475534846
Total current assets:2,3072,0662,3032,2471,9161,7671,868
Noncurrent Assets
Property, plant and equipment1,5291,4692,4502,4752,4962,4992,928
Intangible assets, net (including goodwill)228241526535531642651
Goodwill228241526535531642651
Other noncurrent assets222259356245243263305
Total noncurrent assets:1,9791,9693,3323,2553,2703,4043,884
TOTAL ASSETS:4,2854,0355,6355,5025,1855,1705,752
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities376291759759703604683
Accounts payable376291521499420294381
Accrued liabilities  238260282309302
Deferred revenue11611279
Debt13118127101054
Contract with customer, liability71
Other liabilities233233     
Total current liabilities:856653849837713709687
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,7121,5501,3871,5361,5311,7721,492
Other undisclosed long-term debt and lease obligation1,7121,5501,3871,5361,5311,7721,492
Liabilities, other than long-term debt8851,1901,2051,1251,0881,2451,377
Contract with customer, liability7
Deferred tax liabilities, net  1676
Liability, pension and other postretirement and postemployment benefits6741,0001,0441,0481,0151,1461,193
Other liabilities211190161697383108
Other undisclosed noncurrent liabilities   1310  
Total noncurrent liabilities:2,5962,7402,5922,6732,6283,0172,869
Total liabilities:3,4533,3943,4413,5103,3413,7253,555
Temporary equity, carrying amount      12
Stockholders' equity
Stockholders' equity attributable to parent6865212,0901,8861,7391,3552,083
Common stock13131313131111
Treasury stock, value(5) (18)(31)(26)(28)(21)
Additional paid in capital1,5971,6261,6181,6151,5961,1891,162
Accumulated other comprehensive loss(992)(1,224)(1,202)(1,134)(1,028)(1,094)(1,015)
Retained earnings731071,6791,4221,1841,2771,946
Stockholders' equity attributable to noncontrolling interest14712010310610590102
Total stockholders' equity:8336412,1931,9921,8451,4452,184
TOTAL LIABILITIES AND EQUITY:4,2854,0355,6355,5025,1855,1705,752

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
Revenues2,8002,9824,1234,0473,5253,1353,720
Revenue, net3,5253,1353,720
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:33329363863044916360
Operating expenses(227)(488)(272)(268)(369)(775)(303)
Other undisclosed operating income (loss)11(1,108)    (127)
Operating income (loss):118(1,303)36636280(612)(369)
Nonoperating income (expense)18(1)7021443
Investment income, nonoperating     11
Other nonoperating income (expense)18(1)7021422
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)41428147(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)242248(87)(734)(478)
Income tax expense (benefit)(27)(78)29(11)7107112
Net income (loss):(16)(1,560)270237(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)258222(92)(641)(378)
Interest on convertible debt  1313   
Other undisclosed net loss available to common stockholders, diluted      (0)
Net income (loss) available to common stockholders, diluted:(38)(1,573)270235(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)270237(80)(627)(366)
Other comprehensive income (loss)237(11)(69)(112)74(89)(89)
Comprehensive income (loss):221(1,570)201125(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)190116(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.

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