10-Q Filing

ALERIS CORP CIK: 1518587 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001518587-16-000096`
Period End Date	20160331
Filing Date	20160505
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	ars-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 40 Cash Flow Statement 62

Balance Sheet 70 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`	$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
Common stock, shares authorized	`CommonStockSharesAuthorized`	45.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	45.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$61.90M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$62.20M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	31.89M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	31.77M	shares	Point-in-time
Accounts receivable (net of allowances of $8.1 and $7.7 at March 31, 2016 and December 31, 2015, respectively)	`AccountsReceivableNetCurrent`	$278.10M	USD	Point-in-time
Accounts receivable (net of allowances of $8.1 and $7.7 at March 31, 2016 and December 31, 2015, respectively)	`AccountsReceivableNetCurrent`	$216.20M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	31.89M	shares	Point-in-time
Inventories	`InventoryNet`	$485.50M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	31.77M	shares	Point-in-time
Inventories	`InventoryNet`	$480.30M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$28.70M	USD	Point-in-time
Redeemable preferred stock, par value (in dollars per share)	`TemporaryEquityParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$34.10M	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
Total Current Assets	`AssetsCurrent`	$859.60M	USD	Point-in-time
Redeemable preferred stock, shares authorized	`TemporaryEquitySharesAuthorized`	1.00M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$787.40M	USD	Point-in-time
Redeemable preferred stock, shares issued	`TemporaryEquitySharesIssued`	0.00	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.23B	USD	Point-in-time
Redeemable preferred stock, shares issued	`TemporaryEquitySharesIssued`	0.00	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.14B	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$38.90M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$38.40M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$112.60M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$112.60M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$81.90M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$82.90M	USD	Point-in-time
Total Assets	`Assets`	$2.32B	USD	Point-in-time
Total Assets	`Assets`	$2.16B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$223.20M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$269.40M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$210.20M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$233.80M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$18.00M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$8.70M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$465.70M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$497.60M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.11B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.21B	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$6.00M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$2.50M	USD	Point-in-time
Accrued pension benefits	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$152.30M	USD	Point-in-time
Accrued pension benefits	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$149.10M	USD	Point-in-time
Accrued postretirement benefits	`OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent`	$38.80M	USD	Point-in-time
Accrued postretirement benefits	`OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent`	$38.00M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$67.60M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$67.60M	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$1.48B	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$1.37B	USD	Point-in-time
Common stock; par value $.01; 45,000,000 shares authorized and 31,892,441 and 31,768,819 shares issued and outstanding at March 31, 2016 and December 31, 2015, respectively	`CommonStockValue`	$300.00K	USD	Point-in-time
Common stock; par value $.01; 45,000,000 shares authorized and 31,892,441 and 31,768,819 shares issued and outstanding at March 31, 2016 and December 31, 2015, 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`	$421.90M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$423.00M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$87.70M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$81.40M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-182.70M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-159.80M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$327.20M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$344.90M	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$2.32B	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$2.16B	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$746.20M	USD	1 Quarter
Revenues	`Revenues`	$662.50M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$689.40M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$589.00M	USD	1 Quarter
Gross profit	`GrossProfit`	$56.80M	USD	1 Quarter
Gross profit	`GrossProfit`	$73.50M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$50.30M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$61.30M	USD	1 Quarter
Restructuring charges	`RestructuringCharges`	$2.90M	USD	1 Quarter
Restructuring charges	`RestructuringCharges`	$800.00K	USD	1 Quarter
(Gains) losses on derivative financial instruments	`GainLossOnDerivativeInstrumentsNetPretax`	$-9.10M	USD	1 Quarter
(Gains) losses on derivative financial instruments	`GainLossOnDerivativeInstrumentsNetPretax`	$1.00M	USD	1 Quarter
Other operating expense, net	`OtherOperatingIncomeExpenseNet`	$-1.00M	USD	1 Quarter
Other operating expense, net	`OtherOperatingIncomeExpenseNet`	$-400.00K	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$23.00M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-17.50M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-18.10M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-26.60M	USD	1 Quarter
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$-2.50M	USD	1 Quarter
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$16.20M	USD	1 Quarter
Income (loss) from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.40M	USD	1 Quarter
Income (loss) from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-27.90M	USD	1 Quarter
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$8.70M	USD	1 Quarter
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$-2.30M	USD	1 Quarter
Loss from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-6.30M	USD	1 Quarter
Loss from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-25.60M	USD	1 Quarter
Income from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTax`	-	USD	1 Quarter
Income from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$131.10M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$105.50M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$-6.30M	USD	1 Quarter
Net income from discontinued operations attributable to noncontrolling interest	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Net income from discontinued operations attributable to noncontrolling interest	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest`	$100.00K	USD	1 Quarter
Net (loss) income attributable to Aleris Corporation	`NetIncomeLoss`	$-6.30M	USD	1 Quarter
Net (loss) income attributable to Aleris Corporation	`NetIncomeLoss`	$105.40M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$16.60M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$71.70M	USD	1 Quarter
Comprehensive income attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Comprehensive income attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$100.00K	USD	1 Quarter
Comprehensive income attributable to Aleris Corporation	`ComprehensiveIncomeNetOfTax`	$16.60M	USD	1 Quarter
Comprehensive income attributable to Aleris Corporation	`ComprehensiveIncomeNetOfTax`	$71.60M	USD	1 Quarter

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`ProfitLoss`	$105.50M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$-6.30M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$26.30M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$36.60M	USD	1 Quarter
Provision for deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$78.70M	USD	1 Quarter
Provision for deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$3.30M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$1.70M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$2.70M	USD	1 Quarter
Unrealized (gains) losses on derivative financial instruments	`UnrealizedGainLossOnDerivatives`	$-17.40M	USD	1 Quarter
Unrealized (gains) losses on derivative financial instruments	`UnrealizedGainLossOnDerivatives`	$9.20M	USD	1 Quarter
Currency exchange gains on debt	`ForeignCurrencyTransactionGainLossUnrealized`	$11.30M	USD	1 Quarter
Currency exchange gains on debt	`ForeignCurrencyTransactionGainLossUnrealized`	$400.00K	USD	1 Quarter
Net gain on sale of discontinued operations	`GainLossOnSaleOfBusiness`	$205.30M	USD	1 Quarter
Net gain on sale of discontinued operations	`GainLossOnSaleOfBusiness`	-	USD	1 Quarter
Other	`OtherOperatingActivitiesCashFlowStatement`	$2.00M	USD	1 Quarter
Other	`OtherOperatingActivitiesCashFlowStatement`	$-8.10M	USD	1 Quarter
Change in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$55.90M	USD	1 Quarter
Change in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$161.60M	USD	1 Quarter
Change in inventories	`IncreaseDecreaseInInventories`	$-19.70M	USD	1 Quarter
Change in inventories	`IncreaseDecreaseInInventories`	$-5.10M	USD	1 Quarter
Change in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-4.30M	USD	1 Quarter
Change in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$3.30M	USD	1 Quarter
Change in accounts payable	`IncreaseDecreaseInAccountsPayable`	$46.10M	USD	1 Quarter
Change in accounts payable	`IncreaseDecreaseInAccountsPayable`	$19.40M	USD	1 Quarter
Change in accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-10.70M	USD	1 Quarter
Change in accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-5.80M	USD	1 Quarter
Net cash provided (used) by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-120.30M	USD	1 Quarter
Net cash provided (used) by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$11.20M	USD	1 Quarter
Payments for property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$65.20M	USD	1 Quarter
Payments for property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$122.00M	USD	1 Quarter
Proceeds from the sale of businesses, net of cash transferred	`ProceedsFromDivestitureOfBusinessesNetOfCashDivested`	-	USD	1 Quarter
Proceeds from the sale of businesses, net of cash transferred	`ProceedsFromDivestitureOfBusinessesNetOfCashDivested`	$518.00M	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$400.00K	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$100.00K	USD	1 Quarter
Net cash (used) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-122.10M	USD	1 Quarter
Net cash (used) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$452.40M	USD	1 Quarter
Proceeds from revolving credit facilities	`ProceedsFromLongTermLinesOfCredit`	$159.50M	USD	1 Quarter
Proceeds from revolving credit facilities	`ProceedsFromLongTermLinesOfCredit`	$110.00M	USD	1 Quarter
Payments on revolving credit facilities	`RepaymentsOfLongTermLinesOfCredit`	$200.00K	USD	1 Quarter
Payments on revolving credit facilities	`RepaymentsOfLongTermLinesOfCredit`	$377.60M	USD	1 Quarter
Net (payments on) proceeds from other long-term debt	`ProceedsFromRepaymentsOfOtherLongTermDebt`	$-300.00K	USD	1 Quarter
Net (payments on) proceeds from other long-term debt	`ProceedsFromRepaymentsOfOtherLongTermDebt`	$900.00K	USD	1 Quarter
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	1 Quarter
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$400.00K	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-400.00K	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-800.00K	USD	1 Quarter
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$108.70M	USD	1 Quarter
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-218.00M	USD	1 Quarter
Effect of exchange rate differences on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$1.90M	USD	1 Quarter
Effect of exchange rate differences on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-4.00M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$110.10M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-300.00K	USD	1 Quarter
Cash and cash equivalents at beginning of the period	`CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations`	$146.10M	USD	Point-in-time
Cash and cash equivalents at beginning of the period	`CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations`	$61.90M	USD	Point-in-time
Cash and cash equivalents at beginning of the period	`CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations`	$36.00M	USD	Point-in-time
Cash and cash equivalents at beginning of the period	`CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations`	$62.20M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations`	$146.10M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations`	$61.90M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations`	$36.00M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations`	$62.20M	USD	Point-in-time
Cash and cash equivalents of continuing operations	`CashAndCashEquivalentsAtCarryingValue`	$61.90M	USD	Point-in-time
Cash and cash equivalents of continuing operations	`CashAndCashEquivalentsAtCarryingValue`	$62.20M	USD	Point-in-time

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