10-Q Filing

ALERIS CORP CIK: 1518587 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001518587-19-000016`
Period End Date	20190331
Filing Date	20190508
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	ars-20190331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 75 Income Statement 28 Cash Flow Statement 63 Stockholders Equity 13

Balance Sheet 75 line items

Line Item	Tag	Value	Unit	Period
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 (in shares)	`CommonStockSharesAuthorized`	45.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	45.00M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	32.38M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$108.60M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$79.10M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	32.38M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$79.80M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	32.00M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	32.22M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	32.38M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$308.80M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$414.00M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	32.38M	shares	Point-in-time
Redeemable preferred stock, par value (in dollars per share)	`TemporaryEquityParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventories	`InventoryNet`	$772.90M	USD	Point-in-time
Redeemable preferred stock, par value (in dollars per share)	`TemporaryEquityParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventories	`InventoryNet`	$762.70M	USD	Point-in-time
Redeemable preferred stock, shares authorized (in shares)	`TemporaryEquitySharesAuthorized`	1.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$62.70M	USD	Point-in-time
Redeemable preferred stock, shares authorized (in shares)	`TemporaryEquitySharesAuthorized`	1.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$37.00M	USD	Point-in-time
Redeemable preferred stock, shares issued (in shares)	`TemporaryEquitySharesIssued`	0.00	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.29B	USD	Point-in-time
Redeemable preferred stock, shares issued (in shares)	`TemporaryEquitySharesIssued`	0.00	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.25B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.37B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.40B	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$32.50M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$32.00M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$60.20M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$60.20M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$38.70M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$60.50M	USD	Point-in-time
Total Assets	`Assets`	$2.78B	USD	Point-in-time
Total Assets	`Assets`	$2.82B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$374.80M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$352.20M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$173.50M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$198.10M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$21.90M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$23.50M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$594.80M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$549.20M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.91B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$2.02B	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityNoncurrent`	$61.60M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityNoncurrent`	$65.00M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$3.30M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$900.00K	USD	Point-in-time
Accrued pension benefits	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$160.60M	USD	Point-in-time
Accrued pension benefits	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$163.70M	USD	Point-in-time
Accrued postretirement benefits	`OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent`	$29.60M	USD	Point-in-time
Accrued postretirement benefits	`OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent`	$29.30M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$46.10M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$59.30M	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$2.21B	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$2.33B	USD	Point-in-time
Common stock; par value $.01; 45,000,000 shares authorized; 32,380,867 shares issued at March 31, 2019 and December 31, 2018	`CommonStockValue`	$300.00K	USD	Point-in-time
Common stock; par value $.01; 45,000,000 shares authorized; 32,380,867 shares issued at March 31, 2019 and December 31, 2018	`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`	$431.80M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$431.80M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-325.60M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-292.20M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-169.70M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-167.00M	USD	Point-in-time
Total Equity	`StockholdersEquity`	$-27.10M	USD	Point-in-time
Total Equity	`StockholdersEquity`	$120.90M	USD	Point-in-time
Total Equity	`StockholdersEquity`	$-63.20M	USD	Point-in-time
Total Equity	`StockholdersEquity`	$92.70M	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$2.82B	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$2.78B	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$877.00M	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$802.30M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$799.00M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$739.80M	USD	1 Quarter
Gross profit	`GrossProfit`	$62.50M	USD	1 Quarter
Gross profit	`GrossProfit`	$78.00M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$52.20M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$50.60M	USD	1 Quarter
Restructuring charges	`RestructuringCharges`	$1.00M	USD	1 Quarter
Restructuring charges	`RestructuringCharges`	$900.00K	USD	1 Quarter
Losses (gains) on derivative financial instruments	`GainLossOnDerivativeInstrumentsNetPretax`	$-6.70M	USD	1 Quarter
Losses (gains) on derivative financial instruments	`GainLossOnDerivativeInstrumentsNetPretax`	$33.90M	USD	1 Quarter
Other operating expense, net	`OtherOperatingIncomeExpenseNet`	$-500.00K	USD	1 Quarter
Other operating expense, net	`OtherOperatingIncomeExpenseNet`	$-700.00K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$17.60M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$44.20M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-33.80M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-39.30M	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-400.00K	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-200.00K	USD	1 Quarter
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-21.90M	USD	1 Quarter
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$10.00M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$5.40M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$11.50M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-33.40M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$4.60M	USD	1 Quarter
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$-36.10M	USD	1 Quarter
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$25.10M	USD	1 Quarter

Cash Flow Statement 63 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$108.60M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$79.10M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$79.80M	USD	Point-in-time
Net (loss) income	`NetIncomeLoss`	$-33.40M	USD	1 Quarter
Restricted cash (included in Prepaid expenses and other current assets)	`RestrictedCashAndInvestmentsCurrent`	$5.70M	USD	Point-in-time
Net (loss) income	`NetIncomeLoss`	$4.60M	USD	1 Quarter
Restricted cash (included in Prepaid expenses and other current assets)	`RestrictedCashAndInvestmentsCurrent`	$7.20M	USD	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$115.60M	USD	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$108.00M	USD	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$84.80M	USD	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$87.00M	USD	Point-in-time
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$34.60M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$34.70M	USD	1 Quarter
Provision for deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.60M	USD	1 Quarter
Provision for deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$2.20M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$300.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	-	USD	1 Quarter
Unrealized losses (gains) on derivative financial instruments	`UnrealizedGainLossOnDerivatives`	$-30.80M	USD	1 Quarter
Unrealized losses (gains) on derivative financial instruments	`UnrealizedGainLossOnDerivatives`	$33.70M	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$2.30M	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$700.00K	USD	1 Quarter
Other	`OtherOperatingActivitiesCashFlowStatement`	$-400.00K	USD	1 Quarter
Other	`OtherOperatingActivitiesCashFlowStatement`	$-700.00K	USD	1 Quarter
Change in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$84.40M	USD	1 Quarter
Change in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$108.40M	USD	1 Quarter
Change in inventories	`IncreaseDecreaseInInventories`	$60.90M	USD	1 Quarter
Change in inventories	`IncreaseDecreaseInInventories`	$-5.80M	USD	1 Quarter
Change in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$3.90M	USD	1 Quarter
Change in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$18.40M	USD	1 Quarter
Change in accounts payable	`IncreaseDecreaseInAccountsPayable`	$44.90M	USD	1 Quarter
Change in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-9.80M	USD	1 Quarter
Change in accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$76.10M	USD	1 Quarter
Change in accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-32.00M	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-34.90M	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-112.50M	USD	1 Quarter
Payments for property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$33.70M	USD	1 Quarter
Payments for property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$30.10M	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$200.00K	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	-	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-33.70M	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-30.30M	USD	1 Quarter
Proceeds from revolving credit facilities	`ProceedsFromLongTermLinesOfCredit`	$133.90M	USD	1 Quarter
Proceeds from revolving credit facilities	`ProceedsFromLongTermLinesOfCredit`	$136.30M	USD	1 Quarter
Payments on revolving credit facilities	`RepaymentsOfLongTermLinesOfCredit`	$90.00M	USD	1 Quarter
Payments on revolving credit facilities	`RepaymentsOfLongTermLinesOfCredit`	$11.30M	USD	1 Quarter
Payments on term loan	`RepaymentsOfSeniorDebt`	-	USD	1 Quarter
Payments on term loan	`RepaymentsOfSeniorDebt`	$2.80M	USD	1 Quarter
Net payments on other long-term debt and finance leases	`RepaymentsOfOtherLongTermDebt`	$4.50M	USD	1 Quarter
Net payments on other long-term debt and finance leases	`RepaymentsOfOtherLongTermDebt`	$3.80M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$40.10M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$117.70M	USD	1 Quarter
Effect of exchange rate differences on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.90M	USD	1 Quarter
Effect of exchange rate differences on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-100.00K	USD	1 Quarter
Net decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-23.20M	USD	1 Quarter
Net decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-28.60M	USD	1 Quarter
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$115.60M	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`	$87.00M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$115.60M	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`	$87.00M	USD	Point-in-time

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Total Equity at beginning of period	`StockholdersEquity`	$-27.10M	USD	Point-in-time
Total Equity at beginning of period	`StockholdersEquity`	$120.90M	USD	Point-in-time
Total Equity at beginning of period	`StockholdersEquity`	$-63.20M	USD	Point-in-time
Total Equity at beginning of period	`StockholdersEquity`	$92.70M	USD	Point-in-time
Net (loss) income	`NetIncomeLoss`	$-33.40M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$4.60M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$20.50M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-2.70M	USD	1 Quarter
Stock-based compensation activity	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$300.00K	USD	1 Quarter
Total Equity at end of period	`StockholdersEquity`	$-27.10M	USD	Point-in-time
Total Equity at end of period	`StockholdersEquity`	$120.90M	USD	Point-in-time
Total Equity at end of period	`StockholdersEquity`	$-63.20M	USD	Point-in-time
Total Equity at end of period	`StockholdersEquity`	$92.70M	USD	Point-in-time

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