10-Q Filing

ALERIS CORP CIK: 1518587 Q2 2017

Filing Information

Form Type	10-Q
Accession Number	`0001518587-17-000031`
Period End Date	20170630
Filing Date	20170809
Fiscal Year	2017
Fiscal Period	Q2
XBRL Instance	ars-20170630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 71 Income Statement 56 Cash Flow Statement 71

Balance Sheet 71 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$7.20M	USD	Point-in-time
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$7.60M	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`	$52.30M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$74.90M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$55.60M	USD	Point-in-time
Accounts receivable (net of allowances of $7.2 and $7.6 at June 30, 2017 and December 31, 2016, respectively)	`AccountsReceivableNetCurrent`	$299.70M	USD	Point-in-time
Accounts receivable (net of allowances of $7.2 and $7.6 at June 30, 2017 and December 31, 2016, respectively)	`AccountsReceivableNetCurrent`	$218.70M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	31.90M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	31.99M	shares	Point-in-time
Inventories	`InventoryNet`	$621.80M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	31.99M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	31.90M	shares	Point-in-time
Inventories	`InventoryNet`	$538.90M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$45.10M	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
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$33.40M	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
Total Current Assets	`AssetsCurrent`	$1.02B	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$846.60M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.43B	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
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`	$35.70M	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`	$68.40M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$72.20M	USD	Point-in-time
Total Assets	`Assets`	$2.65B	USD	Point-in-time
Total Assets	`Assets`	$2.39B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$281.50M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$246.60M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$201.40M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$191.40M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$27.70M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$18.70M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$475.70M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$491.60M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.65B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.44B	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$2.80M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$17.50M	USD	Point-in-time
Accrued pension benefits	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$168.00M	USD	Point-in-time
Accrued pension benefits	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$158.40M	USD	Point-in-time
Accrued postretirement benefits	`OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent`	$33.40M	USD	Point-in-time
Accrued postretirement benefits	`OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent`	$34.20M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$65.50M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$63.70M	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$1.93B	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$1.70B	USD	Point-in-time
Common stock; par value $.01; 45,000,000 shares authorized and 31,991,478 and 31,904,250 shares issued at June 30, 2017 and December 31, 2016, respectively	`CommonStockValue`	$300.00K	USD	Point-in-time
Common stock; par value $.01; 45,000,000 shares authorized and 31,991,478 and 31,904,250 shares issued at June 30, 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`	$428.00M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$428.00M	USD	Point-in-time
Retained (deficit) earnings	`RetainedEarningsAccumulatedDeficit`	$-30.50M	USD	Point-in-time
Retained (deficit) earnings	`RetainedEarningsAccumulatedDeficit`	$11.80M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-174.00M	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`	$223.80M	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$2.39B	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$2.65B	USD	Point-in-time

Income Statement 56 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$704.90M	USD	1 Quarter
Revenues	`Revenues`	$1.45B	USD	2 Qtrs
Revenues	`Revenues`	$776.20M	USD	1 Quarter
Revenues	`Revenues`	$1.37B	USD	2 Qtrs
Cost of sales	`CostOfGoodsSold`	$1.22B	USD	2 Qtrs
Cost of sales	`CostOfGoodsSold`	$690.50M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$626.40M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$1.28B	USD	2 Qtrs
Gross profit	`GrossProfit`	$170.70M	USD	2 Qtrs
Gross profit	`GrossProfit`	$78.50M	USD	1 Quarter
Gross profit	`GrossProfit`	$85.70M	USD	1 Quarter
Gross profit	`GrossProfit`	$152.00M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$50.20M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$104.10M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$100.50M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$51.00M	USD	1 Quarter
Restructuring charges	`RestructuringCharges`	$800.00K	USD	1 Quarter
Restructuring charges	`RestructuringCharges`	$1.40M	USD	2 Qtrs
Restructuring charges	`RestructuringCharges`	$1.20M	USD	2 Qtrs
Restructuring charges	`RestructuringCharges`	$600.00K	USD	1 Quarter
(Gains) losses on derivative financial instruments	`GainLossOnDerivativeInstrumentsNetPretax`	$12.50M	USD	1 Quarter
(Gains) losses on derivative financial instruments	`GainLossOnDerivativeInstrumentsNetPretax`	$-2.60M	USD	2 Qtrs
(Gains) losses on derivative financial instruments	`GainLossOnDerivativeInstrumentsNetPretax`	$-15.70M	USD	2 Qtrs
(Gains) losses on derivative financial instruments	`GainLossOnDerivativeInstrumentsNetPretax`	$-3.60M	USD	1 Quarter
Other operating expense, net	`OtherOperatingIncomeExpenseNet`	$-1.00M	USD	1 Quarter
Other operating expense, net	`OtherOperatingIncomeExpenseNet`	$-1.60M	USD	2 Qtrs
Other operating expense, net	`OtherOperatingIncomeExpenseNet`	$-1.10M	USD	1 Quarter
Other operating expense, net	`OtherOperatingIncomeExpenseNet`	$-2.00M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$45.40M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$23.00M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$47.70M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$45.90M	USD	2 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-31.30M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-21.10M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-58.40M	USD	2 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-39.20M	USD	2 Qtrs
Other expense, net	`OtherNonoperatingIncomeExpense`	$-7.90M	USD	2 Qtrs
Other expense, net	`OtherNonoperatingIncomeExpense`	$-3.80M	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-3.40M	USD	2 Qtrs
Other expense, net	`OtherNonoperatingIncomeExpense`	$-5.50M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-14.10M	USD	2 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$10.30M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.20M	USD	2 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-3.60M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$12.80M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$23.50M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$9.40M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$18.20M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-19.40M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-37.60M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-2.50M	USD	1 Quarter
Net loss	`ProfitLoss`	$-13.00M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$37.40M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-13.20M	USD	2 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$11.90M	USD	2 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-29.70M	USD	1 Quarter

Cash Flow Statement 71 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-19.40M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-37.60M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-2.50M	USD	1 Quarter
Net loss	`ProfitLoss`	$-13.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$52.70M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$51.50M	USD	2 Qtrs
Provision for deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$8.00M	USD	2 Qtrs
Provision for deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$14.40M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$1.10M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$3.40M	USD	2 Qtrs
Unrealized gains on derivative financial instruments	`UnrealizedGainLossOnDerivatives`	$17.20M	USD	2 Qtrs
Unrealized gains on derivative financial instruments	`UnrealizedGainLossOnDerivatives`	$14.80M	USD	2 Qtrs
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$2.90M	USD	2 Qtrs
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$1.40M	USD	2 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	2 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-12.60M	USD	2 Qtrs
Other	`OtherOperatingActivitiesCashFlowStatement`	$4.70M	USD	2 Qtrs
Other	`OtherOperatingActivitiesCashFlowStatement`	$2.60M	USD	2 Qtrs
Change in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$67.80M	USD	2 Qtrs
Change in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$53.30M	USD	2 Qtrs
Change in inventories	`IncreaseDecreaseInInventories`	$-3.80M	USD	2 Qtrs
Change in inventories	`IncreaseDecreaseInInventories`	$58.30M	USD	2 Qtrs
Change in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-6.00M	USD	2 Qtrs
Change in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-3.40M	USD	2 Qtrs
Change in accounts payable	`IncreaseDecreaseInAccountsPayable`	$46.10M	USD	2 Qtrs
Change in accounts payable	`IncreaseDecreaseInAccountsPayable`	$24.30M	USD	2 Qtrs
Change in accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$2.40M	USD	2 Qtrs
Change in accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-3.50M	USD	2 Qtrs
Net cash (used) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-75.10M	USD	2 Qtrs
Net cash (used) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$44.50M	USD	2 Qtrs
Payments for property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$222.10M	USD	2 Qtrs
Payments for property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$118.00M	USD	2 Qtrs
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$1.10M	USD	2 Qtrs
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$1.00M	USD	2 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-223.10M	USD	2 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-119.10M	USD	2 Qtrs
Proceeds from revolving credit facilities	`ProceedsFromLongTermLinesOfCredit`	$135.00M	USD	2 Qtrs
Proceeds from revolving credit facilities	`ProceedsFromLongTermLinesOfCredit`	$300.90M	USD	2 Qtrs
Payments on revolving credit facilities	`RepaymentsOfLongTermLinesOfCredit`	$35.80M	USD	2 Qtrs
Payments on revolving credit facilities	`RepaymentsOfLongTermLinesOfCredit`	$366.50M	USD	2 Qtrs
Proceeds from senior secured notes, inclusive of premiums and discounts	`ProceedsFromIssuanceOfSeniorLongTermDebt`	$263.80M	USD	2 Qtrs
Proceeds from senior secured notes, inclusive of premiums and discounts	`ProceedsFromIssuanceOfSeniorLongTermDebt`	$540.40M	USD	2 Qtrs
Payments on senior notes, including premiums	`RepaymentsOfSeniorDebt`	-	USD	2 Qtrs
Payments on senior notes, including premiums	`RepaymentsOfSeniorDebt`	$443.80M	USD	2 Qtrs
Net payments on other long-term debt	`ProceedsFromRepaymentsOfOtherLongTermDebt`	$-4.10M	USD	2 Qtrs
Net payments on other long-term debt	`ProceedsFromRepaymentsOfOtherLongTermDebt`	$-900.00K	USD	2 Qtrs
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$1.80M	USD	2 Qtrs
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$3.40M	USD	2 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-1.20M	USD	2 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-500.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$191.10M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$191.00M	USD	2 Qtrs
Effect of exchange rate differences on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$2.20M	USD	2 Qtrs
Effect of exchange rate differences on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$300.00K	USD	2 Qtrs
Net (decrease) increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsandRestrictedCashPeriodIncreaseDecrease`	$12.70M	USD	2 Qtrs
Net (decrease) increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsandRestrictedCashPeriodIncreaseDecrease`	$-900.00K	USD	2 Qtrs
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsandRestrictedCash`	$74.90M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsandRestrictedCash`	$54.70M	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`	$62.20M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsandRestrictedCash`	$74.90M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsandRestrictedCash`	$54.70M	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`	$62.20M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$52.30M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$74.90M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$55.60M	USD	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsandRestrictedCash`	$74.90M	USD	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsandRestrictedCash`	$54.70M	USD	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsandRestrictedCash`	$55.60M	USD	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsandRestrictedCash`	$62.20M	USD	Point-in-time

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