10-Q Filing

ALERIS CORP CIK: 1518587 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001518587-14-000032`
Period End Date	20140331
Filing Date	20140515
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	ars-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 36 Cash Flow Statement 58

Balance Sheet 80 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$9.80M	USD	Point-in-time
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$7.70M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$439.30M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	45.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$592.90M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$51.30M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	45.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$60.10M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$376.90M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$460.10M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	31.23M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	31.25M	shares	Point-in-time
Inventories	`InventoryNet`	$693.70M	USD	Point-in-time
Inventories	`InventoryNet`	$683.40M	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
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$7.10M	USD	Point-in-time
Redeemable preferred stock, shares authorized	`TemporaryEquitySharesAuthorized`	1.00M	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$7.10M	USD	Point-in-time
Redeemable preferred stock, shares authorized	`TemporaryEquitySharesAuthorized`	1.00M	shares	Point-in-time
Prepaid expense and other assets, current	`PrepaidExpenseAndOtherAssetsCurrent`	$28.60M	USD	Point-in-time
Prepaid expense and other assets, current	`PrepaidExpenseAndOtherAssetsCurrent`	$31.50M	USD	Point-in-time
Redeemable preferred stock, shares issued	`TemporaryEquitySharesIssued`	0.00	shares	Point-in-time
Redeemable preferred stock, shares issued	`TemporaryEquitySharesIssued`	0.00	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.24B	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.16B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.16B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.14B	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$43.00M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$43.50M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$45.20M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$45.20M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$67.50M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$65.90M	USD	Point-in-time
Total Assets	`Assets`	$2.54B	USD	Point-in-time
Total Assets	`Assets`	$2.47B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$381.30M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$303.20M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$200.90M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$197.20M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesCurrent`	$3.90M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesCurrent`	$3.90M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$10.10M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$8.30M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$592.50M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$516.30M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.24B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.23B	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$4.80M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$4.40M	USD	Point-in-time
Accrued pension benefits	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$228.50M	USD	Point-in-time
Accrued pension benefits	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$226.80M	USD	Point-in-time
Accrued postretirement benefits	`OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent`	$40.90M	USD	Point-in-time
Accrued postretirement benefits	`OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent`	$40.70M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$79.30M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$77.60M	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$1.59B	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$1.58B	USD	Point-in-time
Redeemable noncontrolling interest	`RedeemableNoncontrollingInterestEquityPreferredCarryingAmount`	$5.60M	USD	Point-in-time
Redeemable noncontrolling interest	`RedeemableNoncontrollingInterestEquityPreferredCarryingAmount`	$5.70M	USD	Point-in-time
Common stock; par value $.01; 45,000,000 shares authorized and 31,245,325 and 31,229,064 shares issued and outstanding at March 31, 2014 and December 31, 2013, respectively	`CommonStockValue`	$300.00K	USD	Point-in-time
Common stock; par value $.01; 45,000,000 shares authorized and 31,245,325 and 31,229,064 shares issued and outstanding at March 31, 2014 and December 31, 2013, 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`	$405.90M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$401.90M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-47.60M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-65.30M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$13.80M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$11.70M	USD	Point-in-time
Total Aleris Corporation Equity	`StockholdersEquity`	$368.40M	USD	Point-in-time
Total Aleris Corporation Equity	`StockholdersEquity`	$352.60M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$600.00K	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$300.00K	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$368.70M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$353.20M	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$2.54B	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$2.47B	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$1.11B	USD	1 Quarter
Revenues	`Revenues`	$1.05B	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$979.10M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$1.02B	USD	1 Quarter
Gross profit	`GrossProfit`	$75.10M	USD	1 Quarter
Gross profit	`GrossProfit`	$89.00M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$61.60M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$61.90M	USD	1 Quarter
Restructuring charges	`RestructuringCharges`	$900.00K	USD	1 Quarter
Restructuring charges	`RestructuringCharges`	$500.00K	USD	1 Quarter
Gains on derivative financial instruments	`GainLossOnDerivativeInstrumentsNetPretax`	$500.00K	USD	1 Quarter
Gains on derivative financial instruments	`GainLossOnDerivativeInstrumentsNetPretax`	$9.10M	USD	1 Quarter
Other operating expense (income), net	`OtherOperatingIncomeExpenseNet`	$1.10M	USD	1 Quarter
Other operating expense (income), net	`OtherOperatingIncomeExpenseNet`	$-300.00K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$36.70M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$12.90M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-26.30M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-21.00M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$1.90M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$400.00K	USD	1 Quarter
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$17.60M	USD	1 Quarter
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-13.00M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$4.30M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$6.30M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$11.30M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$-17.30M	USD	1 Quarter
Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$300.00K	USD	1 Quarter
Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$400.00K	USD	1 Quarter
Net (loss) income attributable to Aleris Corporation	`NetIncomeLoss`	$-17.60M	USD	1 Quarter
Net (loss) income attributable to Aleris Corporation	`NetIncomeLoss`	$10.90M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-19.30M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-5.40M	USD	1 Quarter
Comprehensive income attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$400.00K	USD	1 Quarter
Comprehensive income attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$300.00K	USD	1 Quarter
Comprehensive loss attributable to Aleris Corporation	`ComprehensiveIncomeNetOfTax`	$-19.60M	USD	1 Quarter
Comprehensive loss attributable to Aleris Corporation	`ComprehensiveIncomeNetOfTax`	$-5.80M	USD	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`ProfitLoss`	$11.30M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$-17.30M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$33.20M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$27.20M	USD	1 Quarter
Provision for deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$500.00K	USD	1 Quarter
Provision for deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.00M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$4.20M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$2.70M	USD	1 Quarter
Unrealized losses (gains) on derivative financial instruments	`UnrealizedGainLossOnDerivatives`	$10.30M	USD	1 Quarter
Unrealized losses (gains) on derivative financial instruments	`UnrealizedGainLossOnDerivatives`	$-9.30M	USD	1 Quarter
Currency exchange losses on debt	`ForeignCurrencyTransactionGainLossUnrealized`	$-400.00K	USD	1 Quarter
Currency exchange losses on debt	`ForeignCurrencyTransactionGainLossUnrealized`	$-300.00K	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$2.00M	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$1.90M	USD	1 Quarter
Other	`OtherOperatingActivitiesCashFlowStatement`	$-2.10M	USD	1 Quarter
Other	`OtherOperatingActivitiesCashFlowStatement`	$1.10M	USD	1 Quarter
Change in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$83.50M	USD	1 Quarter
Change in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$105.50M	USD	1 Quarter
Change in inventories	`IncreaseDecreaseInInventories`	$14.10M	USD	1 Quarter
Change in inventories	`IncreaseDecreaseInInventories`	$11.10M	USD	1 Quarter
Change in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$12.00M	USD	1 Quarter
Change in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-2.30M	USD	1 Quarter
Change in accounts payable	`IncreaseDecreaseInAccountsPayable`	$90.30M	USD	1 Quarter
Change in accounts payable	`IncreaseDecreaseInAccountsPayable`	$52.20M	USD	1 Quarter
Change in accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-8.30M	USD	1 Quarter
Change in accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-3.50M	USD	1 Quarter
Net cash used (provided) by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$27.80M	USD	1 Quarter
Net cash used (provided) 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`	$47.50M	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-500.00K	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-1.60M	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-95.30M	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-47.00M	USD	1 Quarter
Proceeds from the ABL facility	`ProceedsFromLongTermLinesOfCredit`	-	USD	1 Quarter
Proceeds from the ABL facility	`ProceedsFromLongTermLinesOfCredit`	$40.00M	USD	1 Quarter
Payments on the ABL facility	`RepaymentsOfLongTermLinesOfCredit`	-	USD	1 Quarter
Payments on the ABL facility	`RepaymentsOfLongTermLinesOfCredit`	$30.00M	USD	1 Quarter
Proceeds from the Zhenjiang term loans	`ProceedsFromBankDebt`	$200.00K	USD	1 Quarter
Proceeds from the Zhenjiang term loans	`ProceedsFromBankDebt`	-	USD	1 Quarter
Net proceeds from other long-term debt	`ProceedsFromRepaymentsOfOtherLongTermDebt`	$700.00K	USD	1 Quarter
Net proceeds from other long-term debt	`ProceedsFromRepaymentsOfOtherLongTermDebt`	$600.00K	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-2.30M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-300.00K	USD	1 Quarter
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$10.40M	USD	1 Quarter
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.50M	USD	1 Quarter
Effect of exchange rate differences on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	-	USD	1 Quarter
Effect of exchange rate differences on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-1.20M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-8.80M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-153.60M	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`	$592.90M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$51.30M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$60.10M	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`	$592.90M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$51.30M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$60.10M	USD	Point-in-time

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