Supplemental Guarantor Information (Tables)

12 Months Ended

Dec. 31, 2014

Supplemental Guarantor Information [Abstract]

Condensed Statements of Comprehensive Income (Loss)

Condensed Statements of Comprehensive Income (Loss)
Year Ended December 31, 2014
	AK Holding			AK Steel			Guarantor Subsidiaries of the Senior Notes		Other Non-Guarantor Subsidiaries			Eliminations			Consolidated Company
Net sales	$	—		$	6,284.2		$	280.7	$	599.6		$	(658.8	)	$	6,505.7
Cost of products sold (exclusive of items shown separately below)	—			5,937.6			199.3		484.7			(613.9		)	6,007.7
Selling and administrative expenses (exclusive of items shown separately below)	4.6			251.0			11.3		28.3			(48.0		)	247.2
Depreciation	—			176.1			3.9		21.9			—			201.9
Pension and OPEB expense (income) (exclusive of corridor charge shown below)	—			(92.5		)	—		—			—			(92.5		)
Pension corridor charge	—			2.0			—		—			—			2.0
Total operating costs	4.6			6,274.2			214.5		534.9			(661.9		)	6,366.3
Operating profit (loss)	(4.6		)	10.0			66.2		64.7			3.1			139.4
Interest expense	—			142.1			—		2.6			—			144.7
Other income (expense)	—			(17.7		)	6.5		(9.9		)	—			(21.1		)
Income (loss) before income taxes	(4.6		)	(149.8		)	72.7		52.2			3.1			(26.4		)
Income tax expense (benefit)	—			(19.2		)	29.1		(3.4		)	1.2			7.7
Equity in net income (loss) of subsidiaries	(92.3		)	38.3			—		—			54.0			—
Net income (loss)	(96.9		)	(92.3		)	43.6		55.6			55.9			(34.1		)
Less: Net income attributable to noncontrolling interests	—			—			—		62.8			—			62.8
Net income (loss) attributable to AK Steel Holding Corporation	(96.9		)	(92.3		)	43.6		(7.2		)	55.9			(96.9		)
Other comprehensive income (loss)	(527.8		)	(527.8		)	—		(3.7		)	531.5			(527.8		)
Comprehensive income (loss) attributable to AK Steel Holding Corporation	$	(624.7	)	$	(620.1	)	$	43.6	$	(10.9	)	$	587.4		$	(624.7	)

Condensed Statements of Comprehensive Income (Loss)
Year Ended December 31, 2013
	AK Holding			AK Steel			Guarantor Subsidiaries of the Senior Notes		Other Non-Guarantor Subsidiaries			Eliminations			Consolidated Company
Net sales	$	—		$	5,339.3		$	261.5	$	568.8		$	(599.2	)	$	5,570.4
Cost of products sold (exclusive of items shown separately below)	—			5,012.1			189.0		463.3			(556.6		)	5,107.8
Selling and administrative expenses (exclusive of items shown separately below)	4.4			205.0			10.5		26.2			(40.8		)	205.3
Depreciation	—			169.4			4.3		16.4			—			190.1
Pension and OPEB expense (income)	—			(68.6		)	—		—			—			(68.6		)
Total operating costs	4.4			5,317.9			203.8		505.9			(597.4		)	5,434.6
Operating profit (loss)	(4.4		)	21.4			57.7		62.9			(1.8		)	135.8
Interest expense	—			125.9			—		1.5			—			127.4
Other income (expense)	—			(5.9		)	6.1		(1.6		)	—			(1.4		)
Income (loss) before income taxes	(4.4		)	(110.4		)	63.8		59.8			(1.8		)	7.0
Income tax expense (benefit)	—			(27.8		)	20.1		(2.0		)	(0.7		)	(10.4		)
Equity in net income (loss) of subsidiaries	(42.4		)	40.2			—		—			2.2			—
Net income (loss)	(46.8		)	(42.4		)	43.7		61.8			1.1			17.4
Less: Net income attributable to noncontrolling interests	—			—			—		64.2			—			64.2
Net income (loss) attributable to AK Steel Holding Corporation	(46.8		)	(42.4		)	43.7		(2.4		)	1.1			(46.8		)
Other comprehensive income (loss)	322.3			322.3			—		1.2			(323.5		)	322.3
Comprehensive income (loss) attributable to AK Steel Holding Corporation	$	275.5		$	279.9		$	43.7	$	(1.2	)	$	(322.4	)	$	275.5

Condensed Statements of Comprehensive Income (Loss)
Year Ended December 31, 2012
	AK Holding			AK Steel			Guarantor Subsidiaries of the Senior Notes		Other Non-Guarantor Subsidiaries		Eliminations			Consolidated Company
Net sales	$	—		$	5,676.6		$	287.4	$	618.9	$	(649.2	)	$	5,933.7
Cost of products sold (exclusive of items shown separately below)	—			5,416.8			204.5		533.5		(615.7		)	5,539.1
Selling and administrative expenses (exclusive of items shown separately below)	4.4			212.9			9.9		25.4		(43.9		)	208.7
Depreciation	—			172.8			4.7		14.5		—			192.0
Pension and OPEB expense (income) (exclusive of corridor charge shown below)	—			(35.3		)	—		—		—			(35.3		)
Pension corridor charge	—			157.3			—		—		—			157.3
Total operating costs	4.4			5,924.5			219.1		573.4		(659.6		)	6,061.8
Operating profit (loss)	(4.4		)	(247.9		)	68.3		45.5		10.4			(128.1		)
Interest expense	—			85.9			—		0.8		—			86.7
Other income (expense)	—			(9.6		)	7.0		8.8		—			6.2
Income (loss) before income taxes	(4.4		)	(343.4		)	75.3		53.5		10.4			(208.6		)
Income tax expense (benefit)	—			735.9			30.1		19.8		4.2			790.0
Equity in net income (loss) of subsidiaries	(1,022.9		)	56.4			—		—		966.5			—
Net income (loss)	(1,027.3		)	(1,022.9		)	45.2		33.7		972.7			(998.6		)
Less: Net income attributable to noncontrolling interests	—			—			—		28.7		—			28.7
Net income (loss) attributable to AK Steel Holding Corporation	(1,027.3		)	(1,022.9		)	45.2		5.0		972.7			(1,027.3		)
Other comprehensive income (loss)	(1.6		)	(1.6		)	—		0.7		0.9			(1.6		)
Comprehensive income (loss) attributable to AK Steel Holding Corporation	$	(1,028.9	)	$	(1,024.5	)	$	45.2	$	5.7	$	973.6		$	(1,028.9	)

Condensed Balance Sheets

Condensed Balance Sheets
December 31, 2014
	AK Holding			AK Steel			Guarantor Subsidiaries of the Senior Notes			Other Non-Guarantor Subsidiaries			Eliminations			Consolidated Company
ASSETS
Current assets:
Cash and cash equivalents	$	—		$	28.5		$	0.5		$	41.2		$	—		$	70.2
Accounts receivable, net	—			606.2			27.6			37.3			(26.8		)	644.3
Inventory, net	—			1,080.5			26.2			73.5			(8.1		)	1,172.1
Deferred tax assets, current	—			67.5			—			0.2			—			67.7
Other current assets	0.3			67.9			0.2			3.0			—			71.4
Total current assets	0.3			1,850.6			54.5			155.2			(34.9		)	2,025.7
Property, plant and equipment	—			5,695.8			97.3			595.3			—			6,388.4
Accumulated depreciation	—			(4,040.8		)	(71.8		)	(62.6		)	—			(4,175.2		)
Property, plant and equipment, net	—			1,655.0			25.5			532.7			—			2,213.2
Other non-current assets:
Investment in affiliates	—			84.5			—			304.2			—			388.7
Investment in subsidiaries	(2,970.9		)	1,582.4			—			—			1,388.5			—
Inter-company accounts	2,478.1			(3,420.4		)	1,325.5			(412.4		)	29.2			—
Other non-current assets	—			137.4			33.0			60.5			—			230.9
TOTAL ASSETS	$	(492.5	)	$	1,889.5		$	1,438.5		$	640.2		$	1,382.8		$	4,858.5
LIABILITIES AND EQUITY (DEFICIT)
Current liabilities:
Accounts payable	$	—		$	754.9		$	6.9		$	42.0		$	(0.7	)	$	803.1
Accrued liabilities	—			244.6			3.0			18.9			—			266.5
Current portion of pension and other postretirement benefit obligations	—			55.3			—			0.3			—			55.6
Total current liabilities	—			1,054.8			9.9			61.2			(0.7		)	1,125.2
Non-current liabilities:
Long-term debt	—			2,452.5			—			—			—			2,452.5
Pension and other postretirement benefit obligations	—			1,221.3			—			4.0			—			1,225.3
Other non-current liabilities	—			131.8			—			0.7			—			132.5
TOTAL LIABILITIES	—			4,860.4			9.9			65.9			(0.7		)	4,935.5
Equity (deficit):
Total stockholders’ equity (deficit)	(492.5		)	(2,970.9		)	1,428.6			158.8			1,383.5			(492.5		)
Noncontrolling interests	—			—			—			415.5			—			415.5
TOTAL EQUITY (DEFICIT)	(492.5		)	(2,970.9		)	1,428.6			574.3			1,383.5			(77.0		)
TOTAL LIABILITIES AND EQUITY (DEFICIT)	$	(492.5	)	$	1,889.5		$	1,438.5		$	640.2		$	1,382.8		$	4,858.5

Condensed Balance Sheets
December 31, 2013
	AK Holding			AK Steel			Guarantor Subsidiaries of the Senior Notes			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			25.2			35.9			(28.3		)	525.2
Inventory, net	—			520.0			19.2			58.5			(11.1		)	586.6
Deferred tax assets, current	—			69.4			—			0.2			—			69.6
Other current assets	0.3			43.9			0.2			2.1			—			46.5
Total current assets	0.3			1,142.5			44.6			125.2			(39.4		)	1,273.2
Property, plant and equipment	—			5,258.4			94.9			518.6			—			5,871.9
Accumulated depreciation	—			(3,881.7		)	(67.9		)	(42.2		)	—			(3,991.8		)
Property, plant and equipment, net	—			1,376.7			27.0			476.4			—			1,880.1
Other non-current assets:
Investment in affiliates	—			—			—			214.1			—			214.1
Investment in subsidiaries	(2,772.4		)	1,393.8			—			—			1,378.6			—
Inter-company accounts	2,551.1			(3,479.7		)	1,269.6			(372.9		)	31.9			—
Other non-current assets	—			141.0			33.0			64.3			—			238.3
TOTAL ASSETS	$	(221.0	)	$	574.3		$	1,374.2		$	507.1		$	1,371.1		$	3,605.7
LIABILITIES AND EQUITY (DEFICIT)
Current liabilities:
Accounts payable	$	—		$	550.5		$	6.3		$	45.6		$	(0.6	)	$	601.8
Accrued liabilities	—			133.6			2.9			6.4			—			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			9.2			52.5			(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			9.2			57.7			(0.6		)	3,413.0
Equity (deficit):
Total stockholders’ equity (deficit)	(221.0		)	(2,772.4		)	1,365.0			35.7			1,371.7			(221.0		)
Noncontrolling interests	—			—			—			413.7			—			413.7
TOTAL EQUITY (DEFICIT)	(221.0		)	(2,772.4		)	1,365.0			449.4			1,371.7			192.7
TOTAL LIABILITIES AND EQUITY (DEFICIT)	$	(221.0	)	$	574.3		$	1,374.2		$	507.1		$	1,371.1		$	3,605.7

Condensed Statements of Cash Flows

Condensed Statements of Cash Flows
Year Ended December 31, 2014
	AK Holding			AK Steel			Guarantor Subsidiaries of the Senior Notes			Other Non-Guarantor Subsidiaries			Eliminations			Consolidated Company
Net cash flows from operating activities	$	(3.4	)	$	(447.2	)	$	39.2		$	91.3		$	(2.7	)	$	(322.8	)
Cash flows from investing activities:
Capital investments	—			(63.1		)	(2.8		)	(15.2		)	—			(81.1		)
Investments in Magnetation joint venture	—			—						(100.0		)	—			(100.0		)
Investments in acquired business, net of cash acquired	—			(690.3		)	—			—			—			(690.3		)
Other investing items, net	—			13.6			—			—			—			13.6
Net cash flows from investing activities	—			(739.8		)	(2.8		)	(115.2		)	—			(857.8		)
Cash flows from financing activities:
Net borrowings (repayments) under credit facility	—			515.0			—			—			—			515.0
Proceeds from issuance of long-term debt	—			427.1			—			—			—			427.1
Redemption of long-term debt	—			(0.8		)	—			—			—			(0.8		)
Proceeds from issuance of common stock	345.3			—						—			—			345.3
Debt issuance costs	—			(15.5		)	—			—			—			(15.5		)
Inter-company activity	(341.0		)	272.9			(35.9		)	101.3			2.7			—
SunCoke Middletown distributions to noncontrolling interest owners	—			—			—			(61.0		)	—			(61.0		)
Other financing items, net	(0.9		)	—			—			(3.7		)	—			(4.6		)
Net cash flows from financing activities	3.4			1,198.7			(35.9		)	36.6			2.7			1,205.5
Net increase (decrease) in cash and cash equivalents	—			11.7			0.5			12.7			—			24.9
Cash and equivalents, beginning of year	—			16.8			—			28.5			—			45.3
Cash and equivalents, end of year	$	—		$	28.5		$	0.5		$	41.2		$	—		$	70.2

Condensed Statements of Cash Flows
Year Ended December 31, 2013
	AK Holding			AK Steel			Guarantor Subsidiaries of the Senior Notes			Other Non-Guarantor Subsidiaries			Eliminations			Consolidated Company
Net cash flows from operating activities	$	(3.5	)	$	(251.1	)	$	50.4		$	129.6		$	(35.6	)	$	(110.2	)
Cash flows from investing activities:
Capital investments	—			(39.2		)	(1.7		)	(22.7		)	—			(63.6		)
Investments in Magnetation joint venture	—			—			—			(50.0		)	—			(50.0		)
Other investing items, net	—			8.5			0.3			6.3			—			15.1
Net cash flows from investing activities	—			(30.7		)	(1.4		)	(66.4		)	—			(98.5		)
Cash flows from financing activities:
Net borrowings (repayments) under credit facility	—			90.0			—			—			—			90.0
Proceeds from issuance of long-term debt	—			31.9			—			—			—			31.9
Redemption of long-term debt	—			(27.4		)	—			—			—			(27.4		)
Debt issuance costs	—			(3.4		)	—			—			—			(3.4		)
Inter-company activity	4.1			3.9			(49.0		)	5.4			35.6			—
SunCoke Middletown distributions to noncontrolling interest owners	—			—			—			(64.8		)	—			(64.8		)
Other financing items, net	(0.6		)	—			—			1.3			—			0.7
Net cash flows from financing activities	3.5			95.0			(49.0		)	(58.1		)	35.6			27.0
Net increase (decrease) in cash and cash equivalents	—			(186.8		)	—			5.1			—			(181.7		)
Cash and equivalents, beginning of year	—			203.6			—			23.4			—			227.0
Cash and equivalents, end of year	$	—		$	16.8		$	—		$	28.5		$	—		$	45.3

Condensed Statements of Cash Flows
Year Ended December 31, 2012
	AK Holding			AK Steel			Guarantor Subsidiaries of the Senior Notes			Other Non-Guarantor Subsidiaries			Eliminations			Consolidated Company
Net cash flows from operating activities	$	(3.5	)	$	(360.0	)	$	57.3		$	55.8		$	(20.4	)	$	(270.8	)
Cash flows from investing activities:
Capital investments	—			(38.3		)	(1.7		)	(24.1		)	—			(64.1		)
Investments in acquired businesses	—			—			—			(60.6		)	—			(60.6		)
Other investing items, net	—			6.7			0.2			(0.8		)	—			6.1
Net cash flows from investing activities	—			(31.6		)	(1.5		)	(85.5		)	—			(118.6		)
Cash flows from financing activities:
Net borrowings (repayments) under credit facility	—			(250.0		)	—			—			—			(250.0		)
Proceeds from issuance of long-term debt	—			873.3			—			—			—			873.3
Redemption of long-term debt	—			(74.0		)	—			—			—			(74.0		)
Proceeds from issuance of common stock	96.4			—			—			—			—			96.4
Debt issuance costs	—			(22.3		)	—			—			—			(22.3		)
Common stock dividends paid	(11.0		)	—			—			—			—			(11.0		)
Inter-company activity	(80.2		)	48.8			(55.8		)	66.8			20.4			—
SunCoke Middletown distributions to noncontrolling interest owners	—			—			—			(36.6		)	—			(36.6		)
Other financing items, net	(1.7		)	(0.5		)	—			0.8			—			(1.4		)
Net cash flows from financing activities	3.5			575.3			(55.8		)	31.0			20.4			574.4
Net increase (decrease) in cash and cash equivalents	—			183.7			—			1.3			—			185.0
Cash and equivalents, beginning of year	—			19.9			—			22.1			—			42.0
Cash and equivalents, end of year	$	—		$	203.6		$	—		$	23.4		$	—		$	227.0