Supplemental Guarantor Information (Tables)

3 Months Ended

Mar. 31, 2014

Supplemental Guarantor Information [Abstract]

Schedule of Condensed Comprehensive Income (Loss)

Condensed Consolidated Statements of Comprehensive Income (Loss)
Three Months Ended March 31, 2014
	AK Holding			AK Steel			Other Non-Guarantor Subsidiaries		Eliminations			Consolidated Company
Net sales	$	—		$	1,315.1		$	192.6	$	(124.2	)	$	1,383.5
Cost of products sold (exclusive of items shown separately below)	—			1,303.9			148.9		(117.2		)	1,335.6
Selling and administrative expenses (exclusive of items shown separately below)	1.6			58.9			10.3		(10.6		)	60.2
Depreciation	—			42.5			6.2		—			48.7
Pension and OPEB expense (income)	—			(25.7		)	—		—			(25.7		)
Total operating costs	1.6			1,379.6			165.4		(127.8		)	1,418.8
Operating profit (loss)	(1.6		)	(64.5		)	27.2		3.6			(35.3		)
Interest expense	—			31.7			0.5		—			32.2
Other income (expense)	—			(3.8		)	1.9		—			(1.9		)
Income (loss) before income taxes	(1.6		)	(100.0		)	28.6		3.6			(69.4		)
Income tax expense (benefit)	—			(4.6		)	5.0		1.4			1.8
Equity in net income (loss) of subsidiaries	(84.5		)	10.9			—		73.6			—
Net income (loss)	(86.1		)	(84.5		)	23.6		75.8			(71.2		)
Less: Net income attributable to noncontrolling interests	—			—			14.9		—			14.9
Net income (loss) attributable to AK Steel Holding Corporation	(86.1		)	(84.5		)	8.7		75.8			(86.1		)
Other comprehensive income (loss)	(24.2		)	(24.2		)	—		24.2			(24.2		)
Comprehensive income (loss) attributable to AK Steel Holding Corporation	$	(110.3	)	$	(108.7	)	$	8.7	$	100.0		$	(110.3	)

Condensed Consolidated Statements of Comprehensive Income (Loss)
Three Months Ended March 31, 2013
	AK Holding			AK Steel			Other Non-Guarantor Subsidiaries			Eliminations			Consolidated Company
Net sales	$	—		$	1,283.7		$	216.8		$	(130.7	)	$	1,369.8
Cost of products sold (exclusive of items shown separately below)	—			1,200.2			173.8			(121.7		)	1,252.3
Selling and administrative expenses (exclusive of items shown separately below)	1.5			50.6			9.7			(10.2		)	51.6
Depreciation	—			43.7			4.9			—			48.6
Pension and OPEB expense (income)	—			(15.9		)	—			—			(15.9		)
Total operating costs	1.5			1,278.6			188.4			(131.9		)	1,336.6
Operating profit (loss)	(1.5		)	5.1			28.4			1.2			33.2
Interest expense	—			30.7			0.3			—			31.0
Other income (expense)	—			(2.1		)	3.9			—			1.8
Income (loss) before income taxes	(1.5		)	(27.7		)	32.0			1.2			4.0
Income tax expense (benefit)	—			(9.7		)	6.4			0.5			(2.8		)
Equity in net income (loss) of subsidiaries	(8.4		)	9.6			—			(1.2		)	—
Net income (loss)	(9.9		)	(8.4		)	25.6			(0.5		)	6.8
Less: Net income attributable to noncontrolling interests	—			—			16.7			—			16.7
Net income (loss) attributable to AK Steel Holding Corporation	(9.9		)	(8.4		)	8.9			(0.5		)	(9.9		)
Other comprehensive income (loss)	(19.7		)	(19.7		)	(1.1		)	20.8			(19.7		)
Comprehensive income (loss) attributable to AK Steel Holding Corporation	$	(29.6	)	$	(28.1	)	$	7.8		$	20.3		$	(29.6	)

Schedule of Condensed Balance Sheet

Condensed Consolidated Balance Sheets
March 31, 2014
	AK Holding			AK Steel			Other Non-Guarantor Subsidiaries			Eliminations			Consolidated Company
ASSETS
Current assets:
Cash and cash equivalents	$	—		$	15.6		$	15.5		$	—		$	31.1
Accounts receivable, net	—			452.8			68.5			(22.4		)	498.9
Inventory, net	—			625.7			69.5			(7.5		)	687.7
Deferred tax assets, current	—			70.2			0.2			—			70.4
Other current assets	0.3			34.1			3.8			—			38.2
Total current assets	0.3			1,198.4			157.5			(29.9		)	1,326.3
Property, plant and equipment	—			5,262.3			622.1			—			5,884.4
Accumulated depreciation	—			(3,924.2		)	(115.8		)	—			(4,040.0		)
Property, plant and equipment, net	—			1,338.1			506.3			—			1,844.4
Other non-current assets:
Investment in Magnetation LLC	—			—			186.5			—			186.5
Investment in affiliates	(2,913.8		)	1,421.5			—			1,492.3			—
Inter-company accounts	2,585.3			(3,529.6		)	919.8			24.5			—
Other non-current assets	—			133.4			124.8			—			258.2
TOTAL ASSETS	$	(328.2	)	$	561.8		$	1,894.9		$	1,486.9		$	3,615.4
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable	$	—		$	565.4		$	52.7		$	(0.7	)	$	617.4
Accrued liabilities	—			166.1			9.6			—			175.7
Current portion of long-term debt	—			0.6			—			—			0.6
Current portion of pension and other postretirement benefit obligations	—			72.9			0.5			—			73.4
Total current liabilities	—			805.0			62.8			(0.7		)	867.1
Non-current liabilities:
Long-term debt	—			1,657.2			—			—			1,657.2
Pension and other postretirement benefit obligations	—			903.3			4.7			—			908.0
Other non-current liabilities	—			110.1			0.4			—			110.5
TOTAL LIABILITIES	—			3,475.6			67.9			(0.7		)	3,542.8
Total stockholders’ equity (deficit)	(328.2		)	(2,913.8		)	1,426.2			1,487.6			(328.2		)
Noncontrolling interests	—			—			400.8			—			400.8
TOTAL EQUITY	(328.2		)	(2,913.8		)	1,827.0			1,487.6			72.6
TOTAL LIABILITIES AND EQUITY	$	(328.2	)	$	561.8		$	1,894.9		$	1,486.9		$	3,615.4

Condensed Consolidated Balance Sheets
December 31, 2013
	AK Holding			AK Steel			Other Non-Guarantor Subsidiaries			Eliminations			Consolidated Company
ASSETS
Current assets:
Cash and cash equivalents	$	—		$	16.8		$	28.5		$	—		$	45.3
Accounts receivable, net	—			492.4			61.1			(28.3		)	525.2
Inventory, net	—			520.0			77.7			(11.1		)	586.6
Deferred tax assets, current	—			69.4			0.2			—			69.6
Other current assets	0.3			43.9			2.3			—			46.5
Total current assets	0.3			1,142.5			169.8			(39.4		)	1,273.2
Property, plant and equipment	—			5,258.4			613.5			—			5,871.9
Accumulated depreciation	—			(3,881.7		)	(110.1		)	—			(3,991.8		)
Property, plant and equipment, net	—			1,376.7			503.4			—			1,880.1
Other non-current assets:
Investment in Magnetation LLC	—			—			187.8			—			187.8
Investment in affiliates	(2,772.4		)	1,393.8			—			1,378.6			—
Inter-company accounts	2,551.1			(3,479.7		)	896.7			31.9			—
Other non-current assets	—			141.0			123.6			—			264.6
TOTAL ASSETS	$	(221.0	)	$	574.3		$	1,881.3		$	1,371.1		$	3,605.7
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable	$	—		$	550.5		$	51.9		$	(0.6	)	$	601.8
Accrued liabilities	—			133.6			9.3			—			142.9
Current portion of long-term debt	—			0.8			—			—			0.8
Current portion of pension and other postretirement benefit obligations	—			85.4			0.5			—			85.9
Total current liabilities	—			770.3			61.7			(0.6		)	831.4
Non-current liabilities:
Long-term debt	—			1,506.2			—			—			1,506.2
Pension and other postretirement benefit obligations	—			960.6			4.8			—			965.4
Other non-current liabilities	—			109.6			0.4			—			110.0
TOTAL LIABILITIES	—			3,346.7			66.9			(0.6		)	3,413.0
Total stockholders’ equity (deficit)	(221.0		)	(2,772.4		)	1,400.7			1,371.7			(221.0		)
Noncontrolling interests	—			—			413.7			—			413.7
TOTAL EQUITY	(221.0		)	(2,772.4		)	1,814.4			1,371.7			192.7
TOTAL LIABILITIES AND EQUITY	$	(221.0	)	$	574.3		$	1,881.3		$	1,371.1		$	3,605.7

Schedule of Condensed Cash Flow Statement

Condensed Consolidated Statements of Cash Flows
Three Months Ended March 31, 2014
	AK Holding			AK Steel			Other Non-Guarantor Subsidiaries			Eliminations			Consolidated Company
Net cash flows from operating activities	$	(1.3	)	$	(142.4	)	$	26.1		$	(7.4	)	$	(125.0	)
Cash flows from investing activities:
Capital investments	—			(7.5		)	(6.3		)	—			(13.8		)
Other investing items, net	—			7.0			(0.2		)	—			6.8
Net cash flows from investing activities	—			(0.5		)	(6.5		)	—			(7.0		)
Cash flows from financing activities:
Net borrowings under credit facility	—			150.0			—			—			150.0
Redemption of long-term debt	—			(0.2		)	—			—			(0.2		)
Debt issuance costs	—			(3.3		)	—			—			(3.3		)
Purchase of treasury stock	(0.9		)	—			—			—			(0.9		)
Inter-company activity	2.2			(4.8		)	(4.8		)	7.4			—
SunCoke Middletown distributions to noncontrolling interest owners	—			—			(27.8		)	—			(27.8		)
Other financing items, net	—			—			—			—			—
Net cash flows from financing activities	1.3			141.7			(32.6		)	7.4			117.8
Net increase (decrease) in cash and cash equivalents	—			(1.2		)	(13.0		)	—			(14.2		)
Cash and equivalents, beginning of period	—			16.8			28.5			—			45.3
Cash and equivalents, end of period	$	—		$	15.6		$	15.5		$	—		$	31.1

Condensed Consolidated Statements of Cash Flows
Three Months Ended March 31, 2013
	AK Holding			AK Steel			Other Non-Guarantor Subsidiaries			Eliminations			Consolidated Company
Net cash flows from operating activities	$	(1.3	)	$	(29.7	)	$	36.3		$	(12.3	)	$	(7.0	)
Cash flows from investing activities:
Capital investments	—			(13.6		)	(2.9		)	—			(16.5		)
Other investing items, net	—			1.6			(0.8		)	—			0.8
Net cash flows from investing activities	—			(12.0		)	(3.7		)	—			(15.7		)
Cash flows from financing activities:
Redemption of long-term debt	—			(0.2		)	—			—			(0.2		)
Debt issuance costs	—			(1.5		)	—			—			(1.5		)
Purchase of treasury stock	(0.6		)	—			—			—			(0.6		)
Inter-company activity	1.9			(6.0		)	(8.2		)	12.3			—
SunCoke Middletown distributions to noncontrolling interest owners	—			—			(9.1		)	—			(9.1		)
Other financing items, net	—			(1.8		)	0.7			—			(1.1		)
Net cash flows from financing activities	1.3			(9.5		)	(16.6		)	12.3			(12.5		)
Net increase (decrease) in cash and cash equivalents	—			(51.2		)	16.0			—			(35.2		)
Cash and equivalents, beginning of period	—			203.6			23.4			—			227.0
Cash and equivalents, end of period	$	—		$	152.4		$	39.4		$	—		$	191.8