Subsidiary Guarantor Information for Shelf Registration (Tables)

9 Months Ended

Sep. 30, 2013

Text Block [Abstract]

Condensed Consolidating Statement of Comprehensive Income

Condensed Consolidating Statement of Comprehensive Income

For the Three Months Ended September 30, 2013

	Parent			Koppers Inc.		Domestic Guarantor Subsidiaries		Foreign Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Consolidating Adjustments			Consolidated
(Dollars in millions)
Net sales	$	0.0		$	230.1	$	11.9	$	120.7		$	43.4	$	(10.9	)	$	395.2
Cost of sales including depreciation and amortization		0.0			197.5		7.2		103.6			40.5		(11.0	)		337.8
Selling, general and administrative		0.5			10.8		0.1		5.5			1.4		0.0			18.3
Operating profit (loss)		(0.5	)		21.8		4.6		11.6			1.5		0.1			39.1
Other income (expense)		19.4			0.4		1.1		0.7			0.1		(20.4	)		1.3
Interest expense (income)		0.0			6.7		0.2		0.6			0.2		(1.0	)		6.7
Income taxes		(0.2	)		10.2		0.0		3.8			0.3		0.0			14.1
Income from continuing operations		19.1			5.3		5.5		7.9			1.1		(19.3	)		19.6
Discontinued operations		0.0			0.0		0.0		(0.1	)		0.0		0.0			(0.1	)
Noncontrolling interests		0.0			0.0		0.0		0.0			0.4		0.0			0.4
Net income attributable to Koppers	$	19.1		$	5.3	$	5.5	$	7.8		$	0.7	$	(19.3	)	$	19.1
Comprehensive income attributable to Koppers	$	25.8		$	6.4	$	5.7	$	13.2		$	1.3	$	(26.6	)	$	25.8

Condensed Consolidating Statement of Comprehensive Income

For the Three Months Ended September 30, 2012

	Parent			Koppers Inc.		Domestic Guarantor Subsidiaries		Foreign Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated
(Dollars in millions)
Net sales	$	0.0		$	238.2	$	15.1	$	118.6	$	29.2		$	(13.2	)	$	387.9
Cost of sales including depreciation and amortization					211.0		9.3		102.3		27.4			(11.9	)		338.1
Selling, general and administrative		0.4			11.6		0.4		5.6		1.0			0.0			19.0
Operating profit (loss)		(0.4	)		15.6		5.4		10.7		0.8			(1.3	)		30.8
Other income (expense)		16.3			0.4		0.3		0.1		(0.2	)		(16.3	)		0.6
Interest expense (income)		0.1			6.9		0.0		1.0		0.2			(1.3	)		6.9
Income taxes		(0.2	)		7.0		0.1		1.4		0.0			0.0			8.3
Income from continuing operations		16.0			2.1		5.6		8.4		0.4			(16.3	)		16.2
Discontinued operations		0.0			0.0		0.0		0.0		0.0			0.0			0.0
Noncontrolling interests		0.0			0.0		0.0		0.0		0.2			0.0			0.2
Net income attributable to Koppers	$	16.0		$	2.1	$	5.6	$	8.4	$	0.2		$	(16.3	)	$	16.0
Comprehensive income attributable to Koppers	$	25.0		$	3.3	$	8.1	$	14.3	$	0.4		$	(26.1	)	$	25.0

Condensed Consolidating Statement of Comprehensive Income

For the Nine Months Ended September 30, 2013

	Parent			Koppers Inc.		Domestic Guarantor Subsidiaries		Foreign Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Consolidating Adjustments			Consolidated
(Dollars in millions)
Net sales	$	0.0		$	660.3	$	48.5	$	348.6		$	123.9	$	(44.8	)	$	1,136.5
Cost of sales including depreciation and amortization		0.0			580.6		34.3		305.7			116.1		(44.9	)		991.8
Selling, general and administrative		1.5			29.7		0.7		16.8			3.5		0.0			52.2
Operating profit (loss)		(1.5	)		50.0		13.5		26.1			4.3		0.1			92.5
Other income (expense)		45.4			1.3		6.3		0.8			0.7		(51.7	)		2.8
Interest expense (income)		0.0			20.2		0.1		2.5			0.6		(3.2	)		20.2
Income taxes		(0.6	)		21.3		0.2		7.4			1.0		0.0			29.3
Income from continuing operations		44.5			9.8		19.5		17.0			3.4		(48.4	)		45.8
Discontinued operations		0.0			0.0		0.0		(0.1	)		0.0		0.0			(0.1	)
Noncontrolling interests		0.0			0.0		0.0		0.0			1.2		0.0			1.2
Net income attributable to Koppers	$	44.5		$	9.8	$	19.5	$	16.9		$	2.2	$	(48.4	)	$	44.5
Comprehensive income attributable to Koppers	$	40.8		$	13.0	$	12.9	$	14.4		$	2.8	$	(43.1	)	$	40.8

Condensed Consolidating Statement of Comprehensive Income

For the Nine Months Ended September 30, 2012

	Parent			Koppers Inc.		Domestic Guarantor Subsidiaries		Foreign Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Consolidating Adjustments			Consolidated
(Dollars in millions)
Net sales	$	0.0		$	689.1	$	73.0	$	355.4		$	111.3	$	(48.7	)	$	1,180.1
Cost of sales including depreciation and amortization		0.0			601.9		49.2		309.6			103.3		(39.7	)		1,024.3
Selling, general and administrative		1.3			33.0		1.6		16.7			2.5		0.0			55.1
Operating profit (loss)		(1.3	)		54.2		22.2		29.1			5.5		(9.0	)		100.7
Other income (expense)		52.9			0.4		0.8		0.1			0.4		(52.9	)		1.7
Interest expense (income)		0.1			20.7		0.0		3.0			0.9		(3.9	)		20.8
Income taxes		(0.5	)		20.5		0.3		7.5			0.7		0.0			28.5
Income from continuing operations		52.0			13.4		22.7		18.7			4.3		(58.0	)		53.1
Discontinued operations		0.0			0.0		0.0		(0.1	)		0.0		0.0			(0.1	)
Noncontrolling interests		0.0			0.0		0.0		0.0			1.0		0.0			1.0
Net income attributable to Koppers	$	52.0		$	13.4	$	22.7	$	18.6		$	3.3	$	(58.0	)	$	52.0
Comprehensive income attributable to Koppers	$	59.8		$	16.9	$	24.9	$	21.4		$	3.3	$	(66.5	)	$	59.8

Condensed Consolidating Balance Sheet

Condensed Consolidating Balance Sheet

September 30, 2013

	Parent		Koppers Inc.			Domestic Guarantor Subsidiaries			Foreign Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated
(Dollars in millions)
ASSETS
Cash and cash equivalents	$	0.0	$	8.0		$	0.0		$	48.3	$	16.1		$	0.0		$	72.4
Restricted cash		0.0		0.0			1.5			0.0		0.0			0.0			1.5
Accounts receivable, net		6.7		100.1			339.8			58.7		34.2			(357.4	)		182.1
Inventories, net		0.0		79.5			0.0			79.9		7.2			(0.2	)		166.4
Deferred tax assets		0.0		16.2			(1.5	)		0.0		0.0			0.0			14.7
Other current assets		0.0		6.5			1.8			10.6		16.2			0.0			35.1
Total current assets		6.7		210.3			341.6			197.5		73.7			(357.6	)		472.2
Equity investments		161.3		80.8			27.3			36.4		4.2			(303.8	)		6.2
Property, plant and equipment, net		0.0		105.1			0.0			41.0		23.3			0.0			169.4
Goodwill		0.0		39.8			0.0			32.3		1.3			0.0			73.4
Deferred tax assets		0.0		20.1			(12.4	)		6.5		(1.6	)		0.0			12.6
Other noncurrent assets		0.1		15.6			120.2			10.4		41.1			(160.1	)		27.3
Total assets	$	168.1	$	471.7		$	476.7		$	324.1	$	142.0		$	(821.5	)	$	761.1
LIABILITIES AND EQUITY
Accounts payable	$	0.1	$	384.3		$	14.7		$	32.9	$	20.3		$	(357.4	)	$	94.9
Accrued liabilities		4.6		17.1			10.5			30.3		9.6			0.0			72.1
Total current liabilities		4.7		401.4			25.2			63.2		29.9			(357.4	)		167.0
Long-term debt		0.0		398.5			0.0			57.9		0.0			(160.0	)		296.4
Other long-term liabilities		0.0		81.1			2.4			22.7		6.8			0.0			113.0
Total liabilities		4.7		881.0			27.6			143.8		36.7			(517.4	)		576.4
Koppers shareholders’ equity		163.4		(409.3	)		449.1			180.3		84.0			(304.1	)		163.4
Noncontrolling interests		0.0		0.0			0.0			0.0		21.3			0.0			21.3
Total liabilities and equity	$	168.1	$	471.7		$	476.7		$	324.1	$	142.0		$	(821.5	)	$	761.1

Condensed Consolidating Balance Sheet

December 31, 2012

	Parent		Koppers Inc.			Domestic Guarantor Subsidiaries			Foreign Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated
(Dollars in millions)
ASSETS
Cash and cash equivalents	$	0.0	$	4.8		$	0.0		$	40.7	$	21.2		$	0.0		$	66.7
Receivables, net		6.9		89.9			324.9			65.9		21.2			(346.1	)		162.7
Inventories, net		0.0		102.2			0.0			86.7		7.2			(0.3	)		195.8
Deferred tax assets		0.0		16.4			(1.5	)		0.0		0.2			0.0			15.1
Other current assets		0.0		8.0			2.8			17.6		12.5			0.0			40.9
Total current assets		6.9		221.3			326.2			210.9		62.3			(346.4	)		481.2
Equity investments		148.7		77.1			27.3			30.2		3.8			(281.3	)		5.8
Property, plant and equipment, net		0.0		105.7			0.0			40.7		14.7			0.0			161.1
Goodwill		0.0		39.8			0.0			34.4		1.4			0.0			75.6
Deferred tax assets		0.0		33.5			(12.4	)		7.6		(1.5	)		0.0			27.2
Other noncurrent assets		0.0		15.8			126.7			12.1		40.3			(165.8	)		29.1
Total assets	$	155.6	$	493.2		$	467.8		$	335.9	$	121.0		$	(793.5	)	$	780.0
LIABILITIES AND EQUITY
Accounts payable	$	0.1	$	371.7		$	17.0		$	42.2	$	18.6		$	(346.1	)	$	103.5
Accrued liabilities		4.9		15.9			12.2			35.7		9.0			0.0			77.7
Total current liabilities		5.0		387.6			29.2			77.9		27.6			(346.1	)		181.2
Long-term debt		0.0		397.6			0.0			64.4		0.0			(165.9	)		296.1
Other long-term liabilities		0.0		101.2			2.4			24.5		6.5			0.0			134.6
Total liabilities		5.0		886.4			31.6			166.8		34.1			(512.0	)		611.9
Koppers shareholders’ equity		150.6		(393.2	)		436.2			169.1		69.4			(281.5	)		150.6
Noncontrolling interests		0.0		0.0			0.0			0.0		17.5			0.0			17.5
Total liabilities and equity	$	155.6	$	493.2		$	467.8		$	335.9	$	121.0		$	(793.5	)	$	780.0

Condensed Consolidating Statement of Cash Flows

Condensed Consolidating Statement of Cash Flows

For the Nine Months Ended September 30, 2013

	Parent			Koppers Inc.			Domestic Guarantor Subsidiaries		Foreign Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated
(Dollars in millions)
Cash provided by (used in) operating activities	$	32.6		$	39.7		$	0.0	$	14.9		$	1.9		$	(23.5	)	$	65.6
Cash provided by (used in) investing activities:
Capital expenditures and acquisitions		0.0			(13.3	)		0.0		(6.6	)		(9.5	)		0.0			(29.4	)
Net cash proceeds (payments) from divestitures and asset sales		0.0			1.4			0.0		1.1			(0.1	)		0.0			2.4
Net cash provided by (used in) investing activities		0.0			(11.9	)		0.0		(5.5	)		(9.6	)		0.0			(27.0	)
Cash provided by (used in) financing activities:
Deferred financing costs		0.0			(1.2	)		0.0		0.0			0.0			0.0			(1.2	)
Dividends paid		(15.3	)		(23.5	)		0.0		0.0			0.0			23.5			(15.3	)
Other financing activities		0.0			0.0			0.0		0.0			2.3			0.0			2.3
Stock issued (repurchased)		(17.3	)		0.0			0.0		0.0			0.0			0.0			(17.3	)
Net cash provided by (used in) financing activities		(32.6	)		(24.7	)		0.0		0.0			2.3			23.5			(31.5	)
Effect of exchange rates on cash		0.0			0.1			0.0		(1.8	)		0.3			0.0			(1.4	)
Net increase (decrease) in cash and cash equivalents		0.0			3.2			0.0		7.6			(5.1	)		0.0			5.7
Cash and cash equivalents at beginning of year		0.0			4.8			0.0		40.7			21.2			0.0			66.7
Cash and cash equivalents at end of period	$	0.0		$	8.0		$	0.0	$	48.3		$	16.1		$	0.0		$	72.4

Condensed Consolidating Statement of Cash Flows

For the Nine Months Ended September 30, 2012

	Parent			Koppers Inc.			Domestic Guarantor Subsidiaries		Foreign Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated
(Dollars in millions)
Cash provided by (used in) operating activities	$	21.8		$	32.0		$	0.0	$	21.5		$	(6.0	)	$	(14.8	)	$	54.5
Cash provided by (used in) investing activities:
Capital expenditures and acquisitions		0.0			(12.2	)		0.0		(3.2	)		(0.4	)		0.0			(15.8	)
Net cash proceeds (payments) from divestitures and asset sales		0.0			0.3			0.0		0.3			0.1			0.0			0.7
Net cash provided by (used in) investing activities		0.0			(11.9	)		0.0		(2.9	)		(0.3	)		0.0			(15.1	)
Cash provided by (used in) financing activities:
Borrowings (repayments) of long-term debt		0.1			(5.0	)		0.0		0.0			(0.1	)		0.0			(5.0	)
Deferred financing costs		0.0			(0.1	)		0.0		0.0			0.0			0.0			(0.1	)
Stock issued (repurchased)		(7.4	)		0.0			0.0		0.0			0.0			0.0			(7.4	)
Dividends paid		(14.5	)		(14.8	)		0.0		0.0			0.0			14.8			(14.5	)
Net cash provided by (used in) financing activities		(21.8	)		(19.9	)		0.0		0.0			(0.1	)		14.8			(27.0	)
Effect of exchange rates on cash		0.0			(0.1	)		0.0		2.5			0.0			0.0			2.4
Net increase (decrease) in cash and cash equivalents		0.0			0.1			0.0		21.1			(6.4	)		0.0			14.8
Cash and cash equivalents at beginning of year		0.0			0.0			0.0		45.1			9.0			0.0			54.1
Cash and cash equivalents at end of period	$	0.0		$	0.1		$	0.0	$	66.2		$	2.6		$	0.0		$	68.9