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Segment Information (Tables)
6 Months Ended
Jun. 30, 2015
Segment Reporting [Abstract]  
Reconciliation of Adjusted EBITDA from Continuing Operations

The following tables show segment revenues and Adjusted EBITDA for the three and six months ended June 30, 2015 and a reconciliation from Adjusted EBITDA to operating profit. For the three and six months ended June 30, 2014, there were no reportable segments.

 

 

Three Months Ended June 30, 2015

 

(In millions)

RANA

 

 

RAEU

 

 

Total

 

Revenues

$

231.0

 

 

$

137.6

 

 

$

368.6

 

Adjusted EBITDA

$

15.9

 

 

$

7.0

 

 

$

22.9

 

 

 

Six Months Ended June 30, 2015

 

(In millions)

RANA

 

 

RAEU

 

 

Total

 

Revenues

$

316.5

 

 

$

189.9

 

 

$

506.4

 

Adjusted EBITDA

$

20.9

 

 

$

9.5

 

 

$

30.4

 

 

(In millions)

Three

Months Ended

June 30,

2015

 

 

Six

Months Ended

June 30,

2015

 

Adjusted EBITDA

$

22.9

 

 

$

30.4

 

Unrealized losses on derivative financial instruments

 

1.4

 

 

 

1.3

 

Depreciation and amortization

 

10.2

 

 

 

13.9

 

Impact of recording inventory at fair value through purchase accounting

 

3.5

 

 

 

7.2

 

Operating loss of Corporate and Other

 

4.1

 

 

 

7.3

 

Other

 

0.9

 

 

 

1.1

 

Operating profit (loss)

$

2.8

 

 

$

(0.4

)

 

Summarized Balance Sheet Information of Reportable Segments

 

The following tables present summarized balance sheet information for each of our reportable segments and a reconciliation to consolidated assets and liabilities as of June 30, 2015:

 

(In millions)

RANA

 

 

RAEU

 

Segment Assets

 

 

 

 

 

 

 

Current assets:

 

 

 

 

 

 

 

Cash and cash equivalents

$

9.1

 

 

$

8.8

 

Trade accounts receivable, net

 

87.5

 

 

 

18.5

 

Financing receivable

 

 

 

 

52.2

 

Inventories

 

79.1

 

 

 

44.1

 

Other current assets

 

4.5

 

 

 

2.4

 

Total current assets

 

180.2

 

 

 

126.0

 

Property, plant and equipment, net

 

218.2

 

 

 

106.6

 

Other noncurrent assets

 

4.2

 

 

 

1.7

 

Total segment assets

$

402.6

 

 

$

234.3

 

Segment Liabilities

 

 

 

 

 

 

 

Current liabilities:

 

 

 

 

 

 

 

Trade payables

$

73.2

 

 

$

54.5

 

Accrued liabilities

 

34.4

 

 

 

15.3

 

Total current liabilities

 

107.6

 

 

 

69.8

 

Accrued pension benefits

 

 

 

 

45.7

 

Environmental liabilities

 

18.4

 

 

 

 

Other noncurrent liabilities

 

 

 

 

1.8

 

Total segment liabilities

$

126.0

 

 

$

117.3

 

 

(In millions)

 

 

 

Assets:

 

 

 

RANA

$

402.6

 

RAEU

 

234.3

 

Unallocated

 

136.3

 

Total consolidated assets

$

773.2

 

Liabilities:

 

 

 

RANA

$

126.0

 

RAEU

 

117.3

 

Unallocated

 

369.0

 

Total consolidated liabilities

$

612.3