10-Q Filing

ALERIS CORP CIK: 1518587 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001518587-17-000017`
Period End Date	20170331
Filing Date	20170504
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	ars-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 71 Income Statement 28 Cash Flow Statement 65

Balance Sheet 71 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$7.60M	USD	Point-in-time
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$7.00M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$55.60M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$74.60M	USD	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
Accounts receivable (net of allowances of $7.0 and $7.6 at March 31, 2017 and December 31, 2016, respectively)	`AccountsReceivableNetCurrent`	$218.70M	USD	Point-in-time
Accounts receivable (net of allowances of $7.0 and $7.6 at March 31, 2017 and December 31, 2016, respectively)	`AccountsReceivableNetCurrent`	$271.30M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	31.99M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	31.90M	shares	Point-in-time
Inventories	`InventoryNet`	$538.90M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	31.99M	shares	Point-in-time
Inventories	`InventoryNet`	$610.20M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	31.90M	shares	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
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$33.40M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$36.60M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$846.60M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$992.70M	USD	Point-in-time
Redeemable preferred stock, shares authorized	`TemporaryEquitySharesAuthorized`	1.00M	shares	Point-in-time
Redeemable preferred stock, shares authorized	`TemporaryEquitySharesAuthorized`	1.00M	shares	Point-in-time
Redeemable preferred stock, shares issued	`TemporaryEquitySharesIssued`	0.00	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.38B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.35B	USD	Point-in-time
Redeemable preferred stock, shares issued	`TemporaryEquitySharesIssued`	0.00	shares	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$36.80M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$36.30M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$91.90M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$88.30M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$67.60M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$72.20M	USD	Point-in-time
Total Assets	`Assets`	$2.56B	USD	Point-in-time
Total Assets	`Assets`	$2.39B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$246.60M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$294.10M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$201.40M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$224.60M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$28.50M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$27.70M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$475.70M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$547.20M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.44B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.56B	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$9.20M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$2.80M	USD	Point-in-time
Accrued pension benefits	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$159.80M	USD	Point-in-time
Accrued pension benefits	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$158.40M	USD	Point-in-time
Accrued postretirement benefits	`OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent`	$33.60M	USD	Point-in-time
Accrued postretirement benefits	`OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent`	$34.20M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$63.20M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$63.70M	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$1.70B	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$1.83B	USD	Point-in-time
Common stock; par value $.01; 45,000,000 shares authorized and 31,989,712 and 31,904,250 shares issued at March 31, 2017 and December 31, 2016, respectively	`CommonStockValue`	$300.00K	USD	Point-in-time
Common stock; par value $.01; 45,000,000 shares authorized and 31,989,712 and 31,904,250 shares issued at March 31, 2017 and December 31, 2016, 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`	$427.50M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$428.00M	USD	Point-in-time
Retained (deficit) earnings	`RetainedEarningsAccumulatedDeficit`	$11.80M	USD	Point-in-time
Retained (deficit) earnings	`RetainedEarningsAccumulatedDeficit`	$-28.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-213.90M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-223.50M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$216.60M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$185.90M	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$2.39B	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$2.56B	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$674.20M	USD	1 Quarter
Revenues	`Revenues`	$662.50M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$589.10M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$589.00M	USD	1 Quarter
Gross profit	`GrossProfit`	$73.50M	USD	1 Quarter
Gross profit	`GrossProfit`	$85.10M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$50.30M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$53.20M	USD	1 Quarter
Restructuring charges	`RestructuringCharges`	$400.00K	USD	1 Quarter
Restructuring charges	`RestructuringCharges`	$800.00K	USD	1 Quarter
Losses (gains) on derivative financial instruments	`GainLossOnDerivativeInstrumentsNetPretax`	$-28.20M	USD	1 Quarter
Losses (gains) on derivative financial instruments	`GainLossOnDerivativeInstrumentsNetPretax`	$1.00M	USD	1 Quarter
Other operating expense, net	`OtherOperatingIncomeExpenseNet`	$-400.00K	USD	1 Quarter
Other operating expense, net	`OtherOperatingIncomeExpenseNet`	$-1.00M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$2.30M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$23.00M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-27.10M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-18.10M	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$-2.50M	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$300.00K	USD	1 Quarter
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.40M	USD	1 Quarter
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-24.50M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$8.70M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$10.70M	USD	1 Quarter
Net loss	`ProfitLoss`	$-35.20M	USD	1 Quarter
Net loss	`ProfitLoss`	$-6.30M	USD	1 Quarter
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$16.60M	USD	1 Quarter
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-25.60M	USD	1 Quarter

Cash Flow Statement 65 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-35.20M	USD	1 Quarter
Net loss	`ProfitLoss`	$-6.30M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$25.70M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$26.30M	USD	1 Quarter
Provision for deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$3.30M	USD	1 Quarter
Provision for deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$6.10M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$1.70M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$600.00K	USD	1 Quarter
Unrealized losses (gains) on derivative financial instruments	`UnrealizedGainLossOnDerivatives`	$9.20M	USD	1 Quarter
Unrealized losses (gains) on derivative financial instruments	`UnrealizedGainLossOnDerivatives`	$-7.80M	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$1.60M	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$800.00K	USD	1 Quarter
Other	`OtherOperatingActivitiesCashFlowStatement`	$1.00M	USD	1 Quarter
Other	`OtherOperatingActivitiesCashFlowStatement`	-	USD	1 Quarter
Change in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$50.40M	USD	1 Quarter
Change in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$55.90M	USD	1 Quarter
Change in inventories	`IncreaseDecreaseInInventories`	$66.90M	USD	1 Quarter
Change in inventories	`IncreaseDecreaseInInventories`	$-5.10M	USD	1 Quarter
Change in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$600.00K	USD	1 Quarter
Change in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-4.30M	USD	1 Quarter
Change in accounts payable	`IncreaseDecreaseInAccountsPayable`	$43.80M	USD	1 Quarter
Change in accounts payable	`IncreaseDecreaseInAccountsPayable`	$46.10M	USD	1 Quarter
Change in accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-5.80M	USD	1 Quarter
Change in accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$28.70M	USD	1 Quarter
Net cash (used) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$11.20M	USD	1 Quarter
Net cash (used) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-38.60M	USD	1 Quarter
Payments for property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$122.00M	USD	1 Quarter
Payments for property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$62.60M	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$400.00K	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$100.00K	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-122.10M	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-63.00M	USD	1 Quarter
Proceeds from revolving credit facilities	`ProceedsFromLongTermLinesOfCredit`	$110.00M	USD	1 Quarter
Proceeds from revolving credit facilities	`ProceedsFromLongTermLinesOfCredit`	$159.50M	USD	1 Quarter
Payments on revolving credit facilities	`RepaymentsOfLongTermLinesOfCredit`	$294.50M	USD	1 Quarter
Payments on revolving credit facilities	`RepaymentsOfLongTermLinesOfCredit`	$200.00K	USD	1 Quarter
Proceeds from senior secured notes, inclusive of premiums	`ProceedsFromIssuanceOfSeniorLongTermDebt`	$263.80M	USD	1 Quarter
Proceeds from senior secured notes, inclusive of premiums	`ProceedsFromIssuanceOfSeniorLongTermDebt`	-	USD	1 Quarter
Net payments on other long-term debt	`ProceedsFromRepaymentsOfOtherLongTermDebt`	$-2.30M	USD	1 Quarter
Net payments on other long-term debt	`ProceedsFromRepaymentsOfOtherLongTermDebt`	$-300.00K	USD	1 Quarter
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$1.80M	USD	1 Quarter
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$400.00K	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-400.00K	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-1.20M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$108.70M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$123.50M	USD	1 Quarter
Effect of exchange rate differences on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$600.00K	USD	1 Quarter
Effect of exchange rate differences on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$1.90M	USD	1 Quarter
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsandRestrictedCashPeriodIncreaseDecrease`	$22.50M	USD	1 Quarter
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsandRestrictedCashPeriodIncreaseDecrease`	$-300.00K	USD	1 Quarter
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsandRestrictedCash`	$61.90M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsandRestrictedCash`	$62.20M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsandRestrictedCash`	$55.60M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsandRestrictedCash`	$78.10M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsandRestrictedCash`	$61.90M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsandRestrictedCash`	$62.20M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsandRestrictedCash`	$55.60M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsandRestrictedCash`	$78.10M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$55.60M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$74.60M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$61.90M	USD	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsandRestrictedCash`	$61.90M	USD	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsandRestrictedCash`	$62.20M	USD	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsandRestrictedCash`	$55.60M	USD	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsandRestrictedCash`	$78.10M	USD	Point-in-time

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