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Supplementary Financial Statement Information (Tables)
3 Months Ended
Mar. 31, 2018
Inventory Disclosure [Abstract]  
Disaggregation of Revenue Net sales by market are presented below:
 
Three Months Ended March 31,
 
2018
 
2017
Automotive
$
1,119.1

 
$
1,029.5

Infrastructure and Manufacturing
241.3

 
229.6

Distributors and Converters
298.5

 
274.3

Total
$
1,658.9

 
$
1,533.4


Net sales by product line are presented below:
 
Three Months Ended March 31,
 
2018
 
2017
Carbon steel
$
1,068.6

 
$
1,029.2

Stainless and electrical steel
426.1

 
433.9

Tubular products, components and other
164.2

 
70.3

Total
$
1,658.9

 
$
1,533.4

Inventory Inventories as of March 31, 2018 and December 31, 2017, are presented below:
 
March 31,
2018
 
December 31,
2017
Finished and semi-finished
$
972.5

 
$
996.8

Raw materials
361.5

 
388.2

Inventory
$
1,334.0

 
$
1,385.0

Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block] As a result of the retrospective application of the change in accounting principle, certain financial statement line items in our condensed consolidated balance sheet as of December 31, 2017 and our condensed consolidated statements of operations and comprehensive income (loss) and cash flows for the three months ended March 31, 2017 were adjusted as follows:
 
As Originally Reported
 
Effect of Change
 
As Adjusted
Condensed consolidated statement of operations for the three months ended March 31, 2017:
 
 
 
 
 
Cost of products sold (a)
$
1,312.2

 
$
(35.3
)
 
$
1,276.9

Income tax expense (benefit)
(13.4
)
 
13.4

 

Net income
78.7

 
21.9

 
100.6

Net income attributable to AK Steel Holding Corporation
62.5

 
21.9

 
84.4

Net income per share attributable to AK Steel Holding Corporation common stockholders:
 
 

 
 
Basic
$
0.20

 
$
0.07

 
$
0.27

Diluted
0.19

 
0.07

 
0.26

 
 
 
 
 
 
Condensed consolidated statement of comprehensive income for the three months ended March 31, 2017:
 
 
 
 
 
Cash flow hedges—Reclassification of losses (gains) to net income (loss)
$
(3.2
)
 
$
2.6

 
$
(0.6
)
Comprehensive income
56.0

 
24.5

 
80.5

Comprehensive income attributable to AK Steel Holding Corporation
39.8

 
24.5

 
64.3

 
 
 
 
 
 
Condensed consolidated balance sheet as of December 31, 2017:
 
 
 
 
 
Inventory
$
1,147.8

 
$
237.2

 
$
1,385.0

Other non-current assets
476.0

 
(58.5
)
 
417.5

Other non-current liabilities
161.6

 
7.3

 
168.9

Accumulated deficit
(3,058.6
)
 
181.6

 
(2,877.0
)
Accumulated other comprehensive loss
(40.0
)
 
(10.2
)
 
(50.2
)
 
 
 
 
 
 
Condensed consolidated statement of cash flows for the three months ended March 31, 2017:
 
 
 
 
 
Net income
$
78.7

 
$
21.9

 
$
100.6

Deferred income taxes
(11.9
)
 
13.4

 
1.5

Changes in working capital
(54.6
)
 
(37.9
)
 
(92.5
)
Other operating items, net
(10.6
)
 
2.6

 
(8.0
)
(a)
Cost of products sold as originally reported reflects the change in presentation of pension and OPEB (income) expense further described in Note 1.

The following table shows the effects of the change in accounting principle from LIFO to average cost as of March 31, 2018 and for the three months ended March 31, 2018:
 
As Computed under LIFO
 
As Reported under Average Cost
 
Effect of Change
Condensed consolidated statement of operations for the three months ended March 31, 2018:
 
 
 
 
 
Cost of products sold
$
1,478.9

 
$
1,463.7

 
$
(15.2
)
Income tax expense (benefit)
(8.2
)
 
(4.9
)
 
3.3

Net income
32.9

 
44.8

 
11.9

Net income attributable to AK Steel Holding Corporation
16.8

 
28.7

 
11.9

Net income per share attributable to AK Steel Holding Corporation common stockholders:
 
 
 
 
 
Basic
$
0.05

 
$
0.09

 
$
0.04

Diluted
0.05

 
0.09

 
0.04

 
 
 
 
 
 
Condensed consolidated statement of comprehensive income for the three months ended March 31, 2018:
 
 
 
 
 
Cash flow hedges—Reclassification of losses (gains) to net income (loss)
$
(5.9
)
 
$
(7.6
)
 
$
(1.7
)
Comprehensive income
27.9

 
38.1

 
10.2

Comprehensive income attributable to AK Steel Holding Corporation
11.8

 
22.0

 
10.2

 
 
 
 
 
 
Condensed consolidated balance sheet as of March 31, 2018:
 
 
 
 
 
Inventory
$
1,083.3

 
$
1,334.0

 
$
250.7

Other non-current assets
479.1

 
412.0

 
(67.1
)
Other non-current liabilities
148.9

 
150.9

 
2.0

Accumulated deficit
(3,042.6
)
 
(2,849.1
)
 
193.5

Accumulated other comprehensive loss
(44.2
)
 
(56.1
)
 
(11.9
)
 
 
 
 
 
 
Condensed consolidated statement of cash flows for the three months ended March 31, 2018:
 
 
 
 
 
Net income
$
32.9

 
$
44.8

 
$
11.9

Deferred income taxes
(10.1
)
 
(6.8
)
 
3.3

Changes in working capital
13.7

 
0.2

 
(13.5
)
Other operating items, net
(11.6
)
 
(13.3
)
 
(1.7
)
Schedule of Intangible Assets and Goodwill [Table Text Block] The change in goodwill for the three months ended March 31, 2018, was as follows.
 
2018
Balance at December 31, 2017
$
253.8

Adjustment to acquisition purchase price
1.2

Balance at March 31, 2018
$
255.0


Intangible assets at March 31, 2018, consist of:
 
Gross Amount
 
Accumulated Amortization
 
Net Amount
Customer relationships
$
36.6

 
$
(3.5
)
 
$
33.1

Technology
19.3

 
(2.1
)
 
17.2

Other
1.0

 
(0.6
)
 
0.4

Intangible assets
$
56.9

 
$
(6.2
)
 
$
50.7


Intangible assets at December 31, 2017, consist of:
 
Gross Amount
 
Accumulated Amortization
 
Net Amount
Customer relationships
$
36.6

 
$
(2.2
)
 
$
34.4

Technology
19.3

 
(1.4
)
 
17.9

Other
1.0

 
(0.4
)
 
0.6

Intangible assets
$
56.9

 
$
(4.0
)
 
$
52.9

Investments in Affiliates Summarized financial statement data for all investees is presented below.
 
 
Three Months Ended March 31,
 
 
2018
 
2017
Revenue
 
$
74.8

 
$
72.5

Gross profit
 
21.1

 
25.5

Net income
 
4.2

 
8.9