Supplemental Guarantor Information (Tables)

3 Months Ended

Mar. 31, 2013

Supplemental Guarantor Information [Abstract]

Schedule of Condensed Comprehensive Income (Loss)

Condensed Consolidated Statements of Comprehensive Income (Loss)
Three Months Ended March 31, 2013
	AK Holding			AK Steel			Other Non-Guarantor Subsidiaries			Eliminations			Consolidated Company
Net sales	$	—		$	1,283.7		$	216.8		$	(130.7	)	$	1,369.8
Cost of products sold (exclusive of items shown separately below)	—			1,200.2			173.8			(121.7		)	1,252.3
Selling and administrative expenses (exclusive of items shown separately below)	1.5			50.6			9.7			(10.2		)	51.6
Depreciation	—			43.7			4.9			—			48.6
Pension and OPEB expense (income)	—			(15.9		)	—			—			(15.9		)
Total operating costs	1.5			1,278.6			188.4			(131.9		)	1,336.6
Operating profit (loss)	(1.5		)	5.1			28.4			1.2			33.2
Interest expense	—			30.7			0.3			—			31.0
Other income (expense)	—			(2.1		)	3.9			—			1.8
Income (loss) before income taxes	(1.5		)	(27.7		)	32.0			1.2			4.0
Income tax provision (benefit)	—			(9.7		)	6.4			0.5			(2.8		)
Equity in net income (loss) of subsidiaries	(8.4		)	9.6			—			(1.2		)	—
Net income (loss)	(9.9		)	(8.4		)	25.6			(0.5		)	6.8
Less: Net income attributable to noncontrolling interests	—			—			16.7			—			16.7
Net income (loss) attributable to AK Steel Holding Corporation	(9.9		)	(8.4		)	8.9			(0.5		)	(9.9		)
Other comprehensive income (loss)	(19.7		)	(19.7		)	(1.1		)	20.8			(19.7		)
Comprehensive income (loss) attributable to AK Steel Holding Corporation	$	(29.6	)	$	(28.1	)	$	7.8		$	20.3		$	(29.6	)

Condensed Consolidated Statements of Comprehensive Income (Loss)
Three Months Ended March 31, 2012
	AK Holding			AK Steel			Other Non-Guarantor Subsidiaries		Eliminations			Consolidated Company
Net sales	$	—		$	1,433.2		$	237.0	$	(161.5	)	$	1,508.7
Cost of products sold (exclusive of items shown separately below)	—			1,363.5			196.4		(150.9		)	1,409.0
Selling and administrative expenses (exclusive of items shown separately below)	1.4			57.3			8.3		(11.2		)	55.8
Depreciation	—			43.6			4.7		—			48.3
Pension and OPEB expense (income)	—			(8.5		)	—		—			(8.5		)
Total operating costs	1.4			1,455.9			209.4		(162.1		)	1,504.6
Operating profit (loss)	(1.4		)	(22.7		)	27.6		0.6			4.1
Interest expense	—			16.0			0.2		—			16.2
Other income (expense)	—			(2.6		)	3.5		—			0.9
Income (loss) before income taxes	(1.4		)	(41.3		)	30.9		0.6			(11.2		)
Income tax provision (benefit)	(0.6		)	(20.6		)	16.7		0.2			(4.3		)
Equity in net income (loss) of subsidiaries	(11.0		)	9.7			—		1.3			—
Net income (loss)	(11.8		)	(11.0		)	14.2		1.7			(6.9		)
Less: Net income attributable to noncontrolling interests	—			—			4.9		—			4.9
Net income (loss) attributable to AK Steel Holding Corporation	(11.8		)	(11.0		)	9.3		1.7			(11.8		)
Other comprehensive income (loss)	(12.1		)	(12.1		)	0.8		11.3			(12.1		)
Comprehensive income (loss) attributable to AK Steel Holding Corporation	$	(23.9	)	$	(23.1	)	$	10.1	$	13.0		$	(23.9	)

Schedule of Condensed Balance Sheet

Condensed Consolidated Balance Sheets
March 31, 2013
	AK Holding			AK Steel			Other Non-Guarantor Subsidiaries			Eliminations			Consolidated Company
ASSETS
Current assets:
Cash and cash equivalents	$	—		$	152.4		$	39.4		$	—		$	191.8
Accounts receivable, net	—			500.5			68.8			(52.9		)	516.4
Inventory, net	—			588.9			83.2			(8.1		)	664.0
Deferred tax assets, current	—			77.2			0.2			—			77.4
Other current assets	0.2			40.6			2.2			—			43.0
Total current assets	0.2			1,359.6			193.8			(61.0		)	1,492.6
Property, plant and equipment	—			5,360.7			591.7			—			5,952.4
Accumulated depreciation	—			(3,885.6		)	(94.5		)	—			(3,980.1		)
Property, plant and equipment, net	—			1,475.1			497.2			—			1,972.3
Other non-current assets:
Investment in AFSG Holdings, Inc.	—			—			55.6			—			55.6
Investment in Magnetation LLC	—			—			145.0			—			145.0
Investment in affiliates	(2,739.2		)	1,352.4			—			1,386.8			—
Inter-company accounts	2,207.4			(3,136.6		)	873.9			55.3			—
Goodwill	—			—			37.1			—			37.1
Deferred tax assets, non-current	—			88.0			0.4			—			88.4
Other non-current assets	—			76.9			38.2			—			115.1
TOTAL ASSETS	$	(531.6	)	$	1,215.4		$	1,841.2		$	1,381.1		$	3,906.1
LIABILITIES AND EQUITY (DEFICIT)
Current liabilities:
Accounts payable	$	—		$	548.2		$	44.9		$	(0.7	)	$	592.4
Accrued liabilities	—			174.0			11.7			—			185.7
Current portion of long-term debt	—			0.7			—			—			0.7
Current portion of pension and other postretirement benefit obligations	—			109.3			0.5			—			109.8
Total current liabilities	—			832.2			57.1			(0.7		)	888.6
Non-current liabilities:
Long-term debt	—			1,411.9			—			—			1,411.9
Pension and other postretirement benefit obligations	—			1,603.4			4.3			—			1,607.7
Other non-current liabilities	—			107.1			0.5			—			107.6
TOTAL LIABILITIES	—			3,954.6			61.9			(0.7		)	4,015.8
Total stockholders’ equity (deficit)	(531.6		)	(2,739.2		)	1,357.4			1,381.8			(531.6		)
Noncontrolling interests	—			—			421.9			—			421.9
TOTAL EQUITY (DEFICIT)	(531.6		)	(2,739.2		)	1,779.3			1,381.8			(109.7		)
TOTAL LIABILITIES AND EQUITY (DEFICIT)	$	(531.6	)	$	1,215.4		$	1,841.2		$	1,381.1		$	3,906.1

Condensed Consolidated 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

Schedule of Condensed Cash Flow Statement

Condensed Consolidated Statements of Cash Flows
Three Months Ended March 31, 2013
	AK Holding			AK Steel			Other Non-Guarantor Subsidiaries			Eliminations			Consolidated Company
Net cash flows from operating activities	$	(1.3	)	$	(29.7	)	$	36.3		$	(12.3	)	$	(7.0	)
Cash flows from investing activities:
Capital investments	—			(13.6		)	(2.9		)	—			(16.5		)
Other investing items, net	—			1.6			(0.8		)	—			0.8
Net cash flows from investing activities	—			(12.0		)	(3.7		)	—			(15.7		)
Cash flows from financing activities:
Redemption of long-term debt	—			(0.2		)	—			—			(0.2		)
Debt issuance costs	—			(1.5		)	—			—			(1.5		)
Purchase of treasury stock	(0.6		)	—			—			—			(0.6		)
Inter-company activity	1.9			(6.0		)	(8.2		)	12.3			—
SunCoke Middletown distributions to noncontrolling interest owners	—			—			(9.1		)	—			(9.1		)
Other financing items, net	—			(1.8		)	0.7			—			(1.1		)
Net cash flows from financing activities	1.3			(9.5		)	(16.6		)	12.3			(12.5		)
Net increase (decrease) in cash and cash equivalents	—			(51.2		)	16.0			—			(35.2		)
Cash and equivalents, beginning of period	—			203.6			23.4			—			227.0
Cash and equivalents, end of period	$	—		$	152.4		$	39.4		$	—		$	191.8

Condensed Consolidated Statements of Cash Flows
Three Months Ended March 31, 2012
	AK Holding			AK Steel			Other Non-Guarantor Subsidiaries			Eliminations			Consolidated Company
Net cash flows from operating activities	$	(0.6	)	$	(174.7	)	$	23.3		$	2.0		$	(150.0	)
Cash flows from investing activities:
Capital investments	—			(9.7		)	(20.0		)	—			(29.7		)
Other investing items, net	—			—			(0.2		)	—			(0.2		)
Net cash flows from investing activities	—			(9.7		)	(20.2		)	—			(29.9		)
Cash flows from financing activities:
Net borrowings (repayments) under credit facility	—			(105.0		)	—			—			(105.0		)
Proceeds from issuance of long-term debt	—			373.3			—			—			373.3
Redemption of long-term debt	—			(73.5		)	—			—			(73.5		)
Debt issuance costs	—			(8.2		)	—			—			(8.2		)
Purchase of treasury stock	(1.7		)	—			—			—			(1.7		)
Common stock dividends paid	(5.5		)	—			—			—			(5.5		)
Inter-company activity	7.8			—			(5.8		)	(2.0		)	—
Other financing items, net	—			—			0.8			—			0.8
Net cash flows from financing activities	0.6			186.6			(5.0		)	(2.0		)	180.2
Net increase (decrease) in cash and cash equivalents	—			2.2			(1.9		)	—			0.3
Cash and equivalents, beginning of period	—			19.9			22.1			—			42.0
Cash and equivalents, end of period	$	—		$	22.1		$	20.2		$	—		$	42.3