Supplemental Guarantor Information (Tables)

12 Months Ended

Dec. 31, 2012

Supplemental Guarantor Information [Abstract]



Condensed Statements of Operations
Year Ended December 31, 2012

	AK Holding			AK Steel			Other Non-Guarantor Subsidiaries		Eliminations			Consolidated Company
Net sales	$	—		$	5,676.6		$	906.3	$	(649.2	)	$	5,933.7
Cost of products sold (exclusive of items shown below)	—			5,416.8			738.0		(615.7		)	5,539.1
Selling and administrative expenses (exclusive of items shown below)	4.4			212.9			35.3		(43.9		)	208.7
Depreciation	—			172.8			19.2		—			192.0
Pension and OPEB expense (income) (exclusive of corridor charge shown below)	—			(35.3		)	—		—			(35.3		)
Pension corridor charge	—			157.3			—		—			157.3
Total operating costs	4.4			5,924.5			792.5		(659.6		)	6,061.8
Operating profit (loss)	(4.4		)	(247.9		)	113.8		10.4			(128.1		)
Interest expense	—			85.9			0.8		—			86.7
Other income (expense)	—			(9.6		)	15.8		—			6.2
Income (loss) before income taxes	(4.4		)	(343.4		)	128.8		10.4			(208.6		)
Income tax provision (benefit)	—			735.9			49.9		4.2			790.0
Equity in net income (loss) of subsidiaries	(1,022.9		)	56.4			—		966.5			—
Net income (loss)	(1,027.3		)	(1,022.9		)	78.9		972.7			(998.6		)
Less: Net income (loss) attributable to noncontrolling interests	—			—			28.7		—			28.7
Net income (loss) attributable to AK Steel Holding Corporation	(1,027.3		)	(1,022.9		)	50.2		972.7			(1,027.3		)
Other comprehensive income (loss)	(1.6		)	(1.6		)	0.7		0.9			(1.6		)
Comprehensive income (loss) attributable to AK Steel Holding Corporation	$	(1,028.9	)	$	(1,024.5	)	$	50.9	$	973.6		$	(1,028.9	)



Condensed Statements of Operations
Year Ended December 31, 2011

	AK Holding			AK Steel			Other Non-Guarantor Subsidiaries			Eliminations			Consolidated Company
Net sales	$	—		$	6,205.9		$	756.7		$	(494.6	)	$	6,468.0
Cost of products sold (exclusive of items shown below)	—			5,854.1			635.1			(452.4		)	6,036.8
Selling and administrative expenses (exclusive of items shown below)	4.4			222.3			36.4			(47.7		)	215.4
Depreciation	—			177.4			7.6			—			185.0
Pension and OPEB expense (income) (exclusive of corridor charge shown below)	—			(36.0		)	—			—			(36.0		)
Pension corridor charge	—			268.1			—			—			268.1
Total operating costs	4.4			6,485.9			679.1			(500.1		)	6,669.3
Operating profit (loss)	(4.4		)	(280.0		)	77.6			5.5			(201.3		)
Interest expense	—			47.3			0.2			—			47.5
Other income (expense)	—			(8.4		)	3.1			—			(5.3		)
Income (loss) before income taxes	(4.4		)	(335.7		)	80.5			5.5			(254.1		)
Income tax provision (benefit)	(1.8		)	(125.6		)	31.2			2.2			(94.0		)
Equity in net income (loss) of subsidiaries	(153.0		)	57.1			—			95.9			—
Net income (loss)	(155.6		)	(153.0		)	49.3			99.2			(160.1		)
Less: Net income (loss) attributable to noncontrolling interests	—			—			(4.5		)	—			(4.5		)
Net income (loss) attributable to AK Steel Holding Corporation	(155.6		)	(153.0		)	53.8			99.2			(155.6		)
Other comprehensive income (loss)	(89.9		)	(89.9		)	(0.7		)	90.6			(89.9		)
Comprehensive income (loss) attributable to AK Steel Holding Corporation	$	(245.5	)	$	(242.9	)	$	53.1		$	189.8		$	(245.5	)



Condensed Statements of Operations
Year Ended December 31, 2010

	AK Holding			AK Steel			Other Non-Guarantor Subsidiaries			Eliminations			Consolidated Company
Net sales	$	—		$	5,765.6		$	615.7		$	(413.0	)	$	5,968.3
Cost of products sold (exclusive of items shown below)	—			5,507.7			517.9			(382.4		)	5,643.2
Selling and administrative expenses (exclusive of items shown below)	4.2			214.9			29.2			(44.3		)	204.0
Depreciation	—			190.1			7.0			—			197.1
Pension and OPEB expense (income)	—			(14.9		)	—			—			(14.9		)
Other operating items	—			72.8			—			—			72.8
Total operating costs	4.2			5,970.6			554.1			(426.7		)	6,102.2
Operating profit (loss)	(4.2		)	(205.0		)	61.6			13.7			(133.9		)
Interest expense	—			32.8			0.2			—			33.0
Other income (expense)	—			(11.6		)	3.9			0.1			(7.6		)
Income (loss) before income taxes	(4.2		)	(249.4		)	65.3			13.8			(174.5		)
Income tax provision (benefit)	(1.5		)	(70.8		)	23.7			4.8			(43.8		)
Equity in net income (loss) of subsidiaries	(126.2		)	52.4			—			73.8			—
Net income (loss)	(128.9		)	(126.2		)	41.6			82.8			(130.7		)
Less: Net income (loss) attributable to noncontrolling interests	—			—			(1.8		)	—			(1.8		)
Net income (loss) attributable to AK Steel Holding Corporation	(128.9		)	(126.2		)	43.4			82.8			(128.9		)
Other comprehensive income (loss)	(75.3		)	(75.3		)	(0.8		)	76.1			(75.3		)
Comprehensive income (loss) attributable to AK Steel Holding Corporation	$	(204.2	)	$	(201.5	)	$	42.6		$	158.9		$	(204.2	)

Consolidating balance sheets



Condensed Balance Sheets
December 31, 2012

	AK Holding			AK Steel			Other Non-Guarantor Subsidiaries			Eliminations			Consolidated Company
ASSETS
Current assets:
Cash and cash equivalents	$	—		$	203.6		$	23.4		$	—		$	227.0
Accounts receivable, net	—			484.4			54.3			(64.8		)	473.9
Inventory, net	—			504.2			114.4			(9.4		)	609.2
Deferred tax assets, current	—			73.0			0.2			—			73.2
Other current assets	0.2			57.6			1.6			—			59.4
Total current assets	0.2			1,322.8			193.9			(74.2		)	1,442.7
Property, plant and equipment	—			5,355.1			588.8			—			5,943.9
Accumulated depreciation	—			(3,841.9		)	(89.7		)	—			(3,931.6		)
Property, plant and equipment, net	—			1,513.2			499.1			—			2,012.3
Other non-current assets:
Investment in AFSG Holdings, Inc.	—			—			55.6			—			55.6
Investment in Magnetation LLC	—			—			150.0			—			150.0
Investment in affiliates	(2,660.7		)	1,337.4			—			1,323.3			—
Inter-company accounts	2,155.2			(3,066.5		)	843.8			67.5			—
Goodwill	—			—			37.1			—			37.1
Deferred tax assets, non-current	—			87.9			0.3			—			88.2
Other non-current assets	—			79.8			37.4			—			117.2
TOTAL ASSETS	$	(505.3	)	$	1,274.6		$	1,817.2		$	1,316.6		$	3,903.1
LIABILITIES AND EQUITY (DEFICIT)
Current liabilities:
Accounts payable	$	—		$	494.8		$	44.4		$	(0.9	)	$	538.3
Accrued liabilities	—			155.0			9.8			—			164.8
Current portion of long-term debt	—			0.7			—			—			0.7
Current portion of pension and other postretirement benefit obligations	—			108.1			0.5			—			108.6
Total current liabilities	—			758.6			54.7			(0.9		)	812.4
Non-current liabilities:
Long-term debt	—			1,411.2			—			—			1,411.2
Pension and other postretirement benefit obligations	—			1,657.2			4.5			—			1,661.7
Other non-current liabilities	—			108.3			0.5			—			108.8
TOTAL LIABILITIES	—			3,935.3			59.7			(0.9		)	3,994.1
Total stockholders’ equity (deficit)	(505.3		)	(2,660.7		)	1,343.2			1,317.5			(505.3		)
Noncontrolling interests	—			—			414.3			—			414.3
TOTAL EQUITY (DEFICIT)	(505.3		)	(2,660.7		)	1,757.5			1,317.5			(91.0		)
TOTAL LIABILITIES AND EQUITY (DEFICIT)	$	(505.3	)	$	1,274.6		$	1,817.2		$	1,316.6		$	3,903.1



Condensed Balance Sheets
December 31, 2011

	AK Holding			AK Steel			Other Non-Guarantor Subsidiaries			Eliminations			Consolidated Company
ASSETS
Current assets:
Cash and cash equivalents	$	—		$	19.9		$	22.1		$	—		$	42.0
Accounts receivable, net	—			587.5			69.8			(93.1		)	564.2
Inventory, net	—			304.6			122.1			(8.0		)	418.7
Deferred tax assets, current	—			216.3			0.2			—			216.5
Other current assets	0.2			31.9			0.9			—			33.0
Total current assets	0.2			1,160.2			215.1			(101.1		)	1,274.4
Property, plant and equipment	—			5,377.2			590.0			—			5,967.2
Accumulated depreciation	—			(3,726.9		)	(70.1		)	—			(3,797.0		)
Property, plant and equipment, net	—			1,650.3			519.9			—			2,170.2
Other non-current assets:
Investment in AFSG Holdings, Inc.	—			—			55.6			—			55.6
Investment in Magnetation LLC	—			—			101.2			—			101.2
Investment in affiliates	(1,589.1		)	1,589.1			1,204.3			(1,204.3		)	—
Inter-company accounts	1,977.4			(3,207.3		)	(401.7		)	1,631.6			—
Goodwill	—			—			37.1			—			37.1
Deferred tax assets, non-current	—			716.3			0.2			—			716.5
Other non-current assets	—			64.4			30.5			—			94.9
TOTAL ASSETS	$	388.5		$	1,973.0		$	1,762.2		$	326.2		$	4,449.9
LIABILITIES AND EQUITY (DEFICIT)
Current liabilities:
Borrowings under credit facility	$	—		$	250.0		$	—		$	—		$	250.0
Accounts payable	—			525.4			59.4			(1.2		)	583.6
Accrued liabilities	—			162.3			10.5			—			172.8
Current portion of long-term debt	—			0.7			—			—			0.7
Current portion of pension and other postretirement benefit obligations	—			129.6			0.4			—			130.0
Total current liabilities	—			1,068.0			70.3			(1.2		)	1,137.1
Non-current liabilities:
Long-term debt	—			650.0			—			—			650.0
Pension and other postretirement benefit obligations	—			1,740.7			4.1			—			1,744.8
Other non-current liabilities	—			103.4			437.4			—			540.8
TOTAL LIABILITIES	—			3,562.1			511.8			(1.2		)	4,072.7
Total stockholders’ equity (deficit)	388.5			(1,589.1		)	1,261.7			327.4			388.5
Noncontrolling interests	—			—			(11.3		)	—			(11.3		)
TOTAL EQUITY (DEFICIT)	388.5			(1,589.1		)	1,250.4			327.4			377.2
TOTAL LIABILITIES AND EQUITY (DEFICIT)	$	388.5		$	1,973.0		$	1,762.2		$	326.2		$	4,449.9

Consolidating statements of cash flows



Condensed Statements of Cash Flows
Year Ended December 31, 2012

	AK Holding			AK Steel			Other Non-Guarantor Subsidiaries			Eliminations			Consolidated Company
Net cash flows from operating activities	$	(3.5	)	$	(360.0	)	$	113.1		$	(20.4	)	$	(270.8	)
Cash flows from investing activities:
Capital investments	—			(38.3		)	(25.8		)	—			(64.1		)
Investments in acquired businesses	—			—			(60.6		)	—			(60.6		)
Other investing items, net	—			6.7			(0.6		)	—			6.1
Net cash flows from investing activities	—			(31.6		)	(87.0		)	—			(118.6		)
Cash flows from financing activities:
Net borrowings (repayments) under credit facility	—			(250.0		)	—			—			(250.0		)
Proceeds from issuance of long-term debt	—			873.3			—			—			873.3
Redemption of long-term debt	—			(74.0		)	—			—			(74.0		)
Proceeds from issuance of common stock	96.4			—			—			—			96.4
Debt issuance costs	—			(22.3		)	—			—			(22.3		)
Purchase of treasury stock	(1.7		)	—			—			—			(1.7		)
Common stock dividends paid	(11.0		)	—			—			—			(11.0		)
Inter-company activity	(80.2		)	48.8			11.0			20.4			—
SunCoke Middletown advances from (repayments to) noncontrolling interest owner	—			—			(36.6		)	—			(36.6		)
Other financing items, net	—			(0.5		)	0.8			—			0.3
Net cash flows from financing activities	3.5			575.3			(24.8		)	20.4			574.4
Net increase (decrease) in cash and cash equivalents	—			183.7			1.3			—			185.0
Cash and equivalents, beginning of year	—			19.9			22.1			—			42.0
Cash and equivalents, end of year	$	—		$	203.6		$	23.4		$	—		$	227.0



Condensed Statements of Cash Flows
Year Ended December 31, 2011

	AK Holding			AK Steel			Other Non-Guarantor Subsidiaries			Eliminations			Consolidated Company
Net cash flows from operating activities	$	(1.7	)	$	(216.9	)	$	39.7		$	(1.6	)	$	(180.5	)
Cash flows from investing activities:
Capital investments	—			(98.9		)	(197.2		)	—			(296.1		)
Investments in acquired businesses	—			—			(125.4		)	—			(125.4		)
Other investing items, net	—			1.4			(0.1		)	—			1.3
Net cash flows from investing activities	—			(97.5		)	(322.7		)	—			(420.2		)
Cash flows from financing activities:
Net borrowings (repayments) under credit facility	—			250.0			—			—			250.0
Redemption of long-term debt	—			(0.7		)	—			—			(0.7		)
Debt issuance costs	—			(10.1		)	—			—			(10.1		)
Proceeds from exercise of stock options	0.2			—			—			—			0.2
Purchase of treasury stock	(1.5		)	—			—			—			(1.5		)
Common stock dividends paid	(22.0		)	—			—			—			(22.0		)
Inter-company activity	25.0			(106.4		)	79.8			1.6			—
SunCoke Middletown advances from (repayments to) noncontrolling interest owner	—			—			210.7			—			210.7
Other financing items, net	—			0.1			(0.8		)	—			(0.7		)
Net cash flows from financing activities	1.7			132.9			289.7			1.6			425.9
Net increase (decrease) in cash and cash equivalents	—			(181.5		)	6.7			—			(174.8		)
Cash and equivalents, beginning of year	—			201.4			15.4			—			216.8
Cash and equivalents, end of year	$	—		$	19.9		$	22.1		$	—		$	42.0



Condensed Statements of Cash Flows
Year Ended December 31, 2010

	AK Holding			AK Steel			Other Non-Guarantor Subsidiaries			Eliminations			Consolidated Company
Net cash flows from operating activities	$	(2.0	)	$	(157.5	)	$	41.2		$	(14.1	)	$	(132.4	)
Cash flows from investing activities:
Capital investments	—			(117.0		)	(149.3		)	—			(266.3		)
Other investing items, net	—			1.3			(1.3		)	—			—
Net cash flows from investing activities	—			(115.7		)	(150.6		)	—			(266.3		)
Cash flows from financing activities:
Proceeds from issuance of long-term debt	—			549.1			—			—			549.1
Redemption of long-term debt	—			(506.3		)	—			—			(506.3		)
Debt issuance costs	—			(11.3		)	—			—			(11.3		)
Proceeds from exercise of stock options	1.3			—			—			—			1.3
Purchase of treasury stock	(7.9		)	—			—			—			(7.9		)
Common stock dividends paid	(22.0		)	—			—			—			(22.0		)
Inter-company activity	28.3			1.1			(43.5		)	14.1			—
SunCoke Middletown advances from (repayments to) noncontrolling interest owner	—			—			151.7			—			151.7
Other financing items, net	2.3			(2.3		)	(0.8		)	—			(0.8		)
Net cash flows from financing activities	2.0			30.3			107.4			14.1			153.8
Net increase (decrease) in cash and cash equivalents	—			(242.9		)	(2.0		)	—			(244.9		)
Cash and equivalents, beginning of year	—			444.3			17.4			—			461.7
Cash and equivalents, end of year	$	—		$	201.4		$	15.4		$	—		$	216.8