10-Q Filing

ALERIS CORP CIK: 1518587 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001518587-18-000021`
Period End Date	20180331
Filing Date	20180503
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	ars-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 73 Income Statement 28 Cash Flow Statement 63

Balance Sheet 73 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`	$500.00K	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`	$102.40M	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
Common stock, shares authorized	`CommonStockSharesAuthorized`	45.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$79.10M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	32.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	32.22M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$245.70M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$364.20M	USD	Point-in-time
Inventories	`InventoryNet`	$675.70M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	32.22M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	32.00M	shares	Point-in-time
Inventories	`InventoryNet`	$631.20M	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`	$80.60M	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`	$36.10M	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`	$1.20B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.47B	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
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.47B	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$34.70M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$34.10M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$70.70M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$69.50M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$55.10M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$52.70M	USD	Point-in-time
Total Assets	`Assets`	$2.83B	USD	Point-in-time
Total Assets	`Assets`	$2.64B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$341.60M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$299.20M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$197.40M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$199.90M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$10.30M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$9.10M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$505.70M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$551.80M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.77B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.82B	USD	Point-in-time
Deferred Revenue, Noncurrent	`DeferredRevenueNoncurrent`	$17.00M	USD	Point-in-time
Deferred Revenue, Noncurrent	`DeferredRevenueNoncurrent`	$74.00M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$4.00M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$6.10M	USD	Point-in-time
Accrued pension benefits	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$170.20M	USD	Point-in-time
Accrued pension benefits	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$173.50M	USD	Point-in-time
Accrued postretirement benefits	`OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent`	$34.30M	USD	Point-in-time
Accrued postretirement benefits	`OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent`	$33.80M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$49.10M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$49.60M	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$2.16B	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$2.05B	USD	Point-in-time
Common stock; par value $.01; 45,000,000 shares authorized; 32,219,528 and 32,001,318 shares issued at March 31, 2018 and December 31, 2017, respectively	`CommonStockValue`	$300.00K	USD	Point-in-time
Common stock; par value $.01; 45,000,000 shares authorized; 32,219,528 and 32,001,318 shares issued at March 31, 2018 and December 31, 2017, 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`	$436.60M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$436.30M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-203.40M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-196.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-120.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-140.50M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$120.90M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$92.70M	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$2.83B	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$2.64B	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$674.20M	USD	1 Quarter
Revenues	`Revenues`	$802.30M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$588.60M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$739.80M	USD	1 Quarter
Gross profit	`GrossProfit`	$62.50M	USD	1 Quarter
Gross profit	`GrossProfit`	$85.60M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$50.60M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$52.90M	USD	1 Quarter
Restructuring charges	`RestructuringCharges`	$900.00K	USD	1 Quarter
Restructuring charges	`RestructuringCharges`	$400.00K	USD	1 Quarter
(Gains) losses on derivative financial instruments	`GainLossOnDerivativeInstrumentsNetPretax`	$-28.20M	USD	1 Quarter
(Gains) losses on derivative financial instruments	`GainLossOnDerivativeInstrumentsNetPretax`	$33.90M	USD	1 Quarter
Other operating expense, net	`OtherOperatingIncomeExpenseNet`	$-700.00K	USD	1 Quarter
Other operating expense, net	`OtherOperatingIncomeExpenseNet`	$-1.00M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$44.20M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$3.10M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-33.80M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-27.10M	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-500.00K	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-400.00K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$10.00M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-24.50M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$5.40M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$10.70M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-35.20M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$4.60M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-25.60M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$25.10M	USD	1 Quarter

Cash Flow Statement 63 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$-35.20M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$4.60M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$25.70M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$34.70M	USD	1 Quarter
Provision for deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$6.10M	USD	1 Quarter
Provision for deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.60M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$300.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$600.00K	USD	1 Quarter
Unrealized (gains) losses on derivative financial instruments	`UnrealizedGainLossOnDerivatives`	$-7.80M	USD	1 Quarter
Unrealized (gains) losses on derivative financial instruments	`UnrealizedGainLossOnDerivatives`	$33.70M	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$700.00K	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$800.00K	USD	1 Quarter
Other	`OtherOperatingActivitiesCashFlowStatement`	$1.00M	USD	1 Quarter
Other	`OtherOperatingActivitiesCashFlowStatement`	$-400.00K	USD	1 Quarter
Change in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$84.40M	USD	1 Quarter
Change in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$50.40M	USD	1 Quarter
Change in inventories	`IncreaseDecreaseInInventories`	$60.90M	USD	1 Quarter
Change in inventories	`IncreaseDecreaseInInventories`	$66.90M	USD	1 Quarter
Change in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$18.40M	USD	1 Quarter
Change in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$600.00K	USD	1 Quarter
Change in accounts payable	`IncreaseDecreaseInAccountsPayable`	$44.90M	USD	1 Quarter
Change in accounts payable	`IncreaseDecreaseInAccountsPayable`	$43.80M	USD	1 Quarter
Change in accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$76.10M	USD	1 Quarter
Change in accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$28.70M	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-38.60M	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-34.90M	USD	1 Quarter
Payments for property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$62.60M	USD	1 Quarter
Payments for property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$30.10M	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$400.00K	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$200.00K	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-30.30M	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-63.00M	USD	1 Quarter
Proceeds from revolving credit facilities	`ProceedsFromLongTermLinesOfCredit`	$133.90M	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`	$90.00M	USD	1 Quarter
Proceeds from senior secured notes, inclusive of premiums and discounts	`ProceedsFromIssuanceOfSeniorLongTermDebt`	-	USD	1 Quarter
Proceeds from senior secured notes, inclusive of premiums and discounts	`ProceedsFromIssuanceOfSeniorLongTermDebt`	$263.80M	USD	1 Quarter
Net payments on other long-term debt	`ProceedsFromRepaymentsOfOtherLongTermDebt`	$-3.80M	USD	1 Quarter
Net payments on other long-term debt	`ProceedsFromRepaymentsOfOtherLongTermDebt`	$-2.30M	USD	1 Quarter
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	1 Quarter
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$1.80M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-1.20M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$123.50M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$40.10M	USD	1 Quarter
Effect of exchange rate differences on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$600.00K	USD	1 Quarter
Effect of exchange rate differences on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.90M	USD	1 Quarter
Net (decrease) increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-23.20M	USD	1 Quarter
Net (decrease) increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$22.50M	USD	1 Quarter
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$55.60M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$108.00M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$84.80M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$78.10M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$55.60M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$108.00M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$84.80M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$78.10M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$102.40M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$74.60M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$79.10M	USD	Point-in-time
Restricted cash (included in Prepaid expenses and other current assets)	`RestrictedCashAndInvestmentsCurrent`	$3.50M	USD	Point-in-time
Restricted cash (included in Prepaid expenses and other current assets)	`RestrictedCashAndInvestmentsCurrent`	$5.70M	USD	Point-in-time

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