10-Q Filing

ALERIS CORP CIK: 1518587 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0001518587-13-000018`
Period End Date	20130331
Filing Date	20130509
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	ars-20130331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 40 Cash Flow Statement 58

Balance Sheet 80 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$8.10M	USD	Point-in-time
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$9.70M	USD	Point-in-time
Redeemable preferred stock, par value (in dollars per share)	`TemporaryEquityParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Redeemable preferred stock, par value (in dollars per share)	`TemporaryEquityParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Redeemable preferred stock, shares authorized	`TemporaryEquitySharesAuthorized`	1.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$439.30M	USD	Point-in-time
Redeemable preferred stock, shares authorized	`TemporaryEquitySharesAuthorized`	1.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$129.10M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$592.90M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$231.40M	USD	Point-in-time
Redeemable preferred stock, shares issued	`TemporaryEquitySharesIssued`	0.00	shares	Point-in-time
Accounts Receivable (net of allowances of $9.7 and $8.1 at March 31, 2013 and December 31, 2012, respectively)	`AccountsReceivableNetCurrent`	$481.00M	USD	Point-in-time
Accounts Receivable (net of allowances of $9.7 and $8.1 at March 31, 2013 and December 31, 2012, respectively)	`AccountsReceivableNetCurrent`	$384.00M	USD	Point-in-time
Redeemable preferred stock, shares issued	`TemporaryEquitySharesIssued`	0.00	shares	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventories	`InventoryNet`	$685.40M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventories	`InventoryNet`	$683.40M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	45.00M	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$12.90M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	45.00M	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$12.90M	USD	Point-in-time
Prepaid Expense and Other Assets, Current	`PrepaidExpenseAndOtherAssetsCurrent`	$36.20M	USD	Point-in-time
Prepaid Expense and Other Assets, Current	`PrepaidExpenseAndOtherAssetsCurrent`	$26.30M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	31.17M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	31.10M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.70B	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.65B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.08B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.09B	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$45.60M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$45.10M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$36.80M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$36.80M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$64.80M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$59.30M	USD	Point-in-time
Total Assets	`Assets`	$2.89B	USD	Point-in-time
Total Assets	`Assets`	$2.92B	USD	Point-in-time
Accounts Payable, Current	`AccountsPayableCurrent`	$373.60M	USD	Point-in-time
Accounts Payable, Current	`AccountsPayableCurrent`	$341.20M	USD	Point-in-time
Accrued Liabilities, Current	`AccruedLiabilitiesCurrent`	$302.40M	USD	Point-in-time
Accrued Liabilities, Current	`AccruedLiabilitiesCurrent`	$251.90M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesCurrent`	$12.00M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesCurrent`	$12.00M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$9.00M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$10.20M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$647.70M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$664.60M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.22B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.22B	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$8.80M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$9.80M	USD	Point-in-time
Defined Benefit Pension Plan, Liabilities, Noncurrent	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$251.50M	USD	Point-in-time
Defined Benefit Pension Plan, Liabilities, Noncurrent	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$258.20M	USD	Point-in-time
Other Postretirement Defined Benefit Plan, Liabilities, Noncurrent	`OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent`	$52.00M	USD	Point-in-time
Other Postretirement Defined Benefit Plan, Liabilities, Noncurrent	`OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent`	$50.70M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$75.90M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$74.60M	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$1.61B	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$1.61B	USD	Point-in-time
Redeemable Noncontrolling Interest, Equity, Preferred, Carrying Amount	`RedeemableNoncontrollingInterestEquityPreferredCarryingAmount`	$5.60M	USD	Point-in-time
Redeemable Noncontrolling Interest, Equity, Preferred, Carrying Amount	`RedeemableNoncontrollingInterestEquityPreferredCarryingAmount`	$5.70M	USD	Point-in-time
Common stock; par value $.01; 45,000,000 shares authorized and 31,170,104 and 31,097,272 shares issued at March 31, 2013 and December 31, 2012, respectively	`CommonStockValue`	$300.00K	USD	Point-in-time
Common stock; par value $.01; 45,000,000 shares authorized and 31,170,104 and 31,097,272 shares issued at March 31, 2013 and December 31, 2012, respectively	`CommonStockValue`	$300.00K	USD	Point-in-time
Preferred stock; par value $.01; 1,000,000 shares authorized; none issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock; par value $.01; 1,000,000 shares authorized; none issued	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$573.90M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$574.50M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$122.10M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$132.90M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-62.40M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-79.00M	USD	Point-in-time
Total Aleris Corporation Equity	`StockholdersEquity`	$633.90M	USD	Point-in-time
Total Aleris Corporation Equity	`StockholdersEquity`	$628.70M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$500.00K	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$200.00K	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$629.20M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$634.10M	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$2.92B	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$2.89B	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$1.14B	USD	1 Quarter
Revenues	`Revenues`	$1.11B	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$1.02B	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$1.01B	USD	1 Quarter
Gross profit	`GrossProfit`	$89.00M	USD	1 Quarter
Gross profit	`GrossProfit`	$131.20M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$61.60M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$63.90M	USD	1 Quarter
Gains on derivative financial instruments	`GainLossOnDerivativeInstrumentsNetPretax`	$9.10M	USD	1 Quarter
Gains on derivative financial instruments	`GainLossOnDerivativeInstrumentsNetPretax`	$2.10M	USD	1 Quarter
Other operating (income) expense, net	`OtherOperatingIncomeExpenseNet`	$-200.00K	USD	1 Quarter
Other operating (income) expense, net	`OtherOperatingIncomeExpenseNet`	$200.00K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$69.20M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$36.70M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-11.70M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-21.00M	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$-100.00K	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$1.90M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$57.40M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$17.60M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$6.30M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$9.80M	USD	1 Quarter
Net income	`ProfitLoss`	$47.60M	USD	1 Quarter
Net income	`ProfitLoss`	$11.30M	USD	1 Quarter
Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$400.00K	USD	1 Quarter
Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Net income attributable to Aleris Corporation	`NetIncomeLoss`	$10.90M	USD	1 Quarter
Net income attributable to Aleris Corporation	`NetIncomeLoss`	$47.60M	USD	1 Quarter
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-5.40M	USD	1 Quarter
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$62.30M	USD	1 Quarter
Comprehensive income attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Comprehensive income attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$400.00K	USD	1 Quarter
Comprehensive (loss) income attributable to Aleris Corporation	`ComprehensiveIncomeNetOfTax`	$-5.80M	USD	1 Quarter
Comprehensive (loss) income attributable to Aleris Corporation	`ComprehensiveIncomeNetOfTax`	$62.30M	USD	1 Quarter
Net Income Available to Common Stockholders, Basic	`NetIncomeLossAvailableToCommonStockholdersBasic`	$47.20M	USD	1 Quarter
Net Income Available to Common Stockholders, Basic	`NetIncomeLossAvailableToCommonStockholdersBasic`	$10.70M	USD	1 Quarter
Earnings Per Share, Basic	`EarningsPerShareBasic`	$0.35	USD	1 Quarter
Earnings Per Share, Basic	`EarningsPerShareBasic`	$1.52	USD	1 Quarter
Earnings Per Share, Diluted	`EarningsPerShareDiluted`	$1.41	USD	1 Quarter
Earnings Per Share, Diluted	`EarningsPerShareDiluted`	$0.34	USD	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$47.60M	USD	1 Quarter
Net income	`ProfitLoss`	$11.30M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$27.20M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$19.50M	USD	1 Quarter
Provision for deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$3.20M	USD	1 Quarter
Provision for deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.00M	USD	1 Quarter
Restructuring Charges	`RestructuringCharges`	-	USD	1 Quarter
Restructuring Charges	`RestructuringCharges`	$900.00K	USD	1 Quarter
Payments for Restructuring	`PaymentsForRestructuring`	$10.70M	USD	1 Quarter
Payments for Restructuring	`PaymentsForRestructuring`	$1.80M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$2.70M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$2.60M	USD	1 Quarter
Unrealized gains on derivative financial instruments	`UnrealizedGainLossOnDerivatives`	$10.90M	USD	1 Quarter
Unrealized gains on derivative financial instruments	`UnrealizedGainLossOnDerivatives`	$10.30M	USD	1 Quarter
Unrealized currency exchange losses (gains) on debt	`ForeignCurrencyTransactionGainLossUnrealized`	$1.70M	USD	1 Quarter
Unrealized currency exchange losses (gains) on debt	`ForeignCurrencyTransactionGainLossUnrealized`	$-400.00K	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$1.60M	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$1.90M	USD	1 Quarter
Other non-cash gains, net	`OtherNoncashIncomeExpense`	$700.00K	USD	1 Quarter
Other non-cash gains, net	`OtherNoncashIncomeExpense`	$2.10M	USD	1 Quarter
Change in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$105.50M	USD	1 Quarter
Change in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$112.30M	USD	1 Quarter
Change in inventories	`IncreaseDecreaseInInventories`	$14.10M	USD	1 Quarter
Change in inventories	`IncreaseDecreaseInInventories`	$37.20M	USD	1 Quarter
Change in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-1.20M	USD	1 Quarter
Change in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$12.00M	USD	1 Quarter
Change in accounts payable	`IncreaseDecreaseInAccountsPayable`	$100.70M	USD	1 Quarter
Change in accounts payable	`IncreaseDecreaseInAccountsPayable`	$52.20M	USD	1 Quarter
Change in accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$1.50M	USD	1 Quarter
Change in accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-38.00M	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-26.20M	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-55.60M	USD	1 Quarter
Payments for property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$96.90M	USD	1 Quarter
Payments for property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$92.50M	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-1.60M	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$4.70M	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-95.30M	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-97.20M	USD	1 Quarter
Proceeds from China Loan Facility	`ProceedsFromRepaymentsOfSecuredDebt`	$200.00K	USD	1 Quarter
Proceeds from China Loan Facility	`ProceedsFromRepaymentsOfSecuredDebt`	$17.70M	USD	1 Quarter
Net Proceeds from Other Long-term Debt	`NetProceedsOnLongTermDebt`	$-600.00K	USD	1 Quarter
Net Proceeds from Other Long-term Debt	`NetProceedsOnLongTermDebt`	$-700.00K	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-2.30M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-100.00K	USD	1 Quarter
Net cash (used) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$18.30M	USD	1 Quarter
Net cash (used) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.50M	USD	1 Quarter
Effect of exchange rate differences on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-1.20M	USD	1 Quarter
Effect of exchange rate differences on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$2.80M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-153.60M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-102.30M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$439.30M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$129.10M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$592.90M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$231.40M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$439.30M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$129.10M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$592.90M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$231.40M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.