Supplemental Guarantor Information (Tables)

6 Months Ended

Jun. 30, 2013

Supplemental Guarantor Information [Abstract]

Schedule of Condensed Comprehensive Income (Loss)

Condensed Consolidated Statements of Comprehensive Income (Loss)
Three Months Ended June 30, 2013
	AK Holding			AK Steel			Other Non-Guarantor Subsidiaries		Eliminations			Consolidated Company
Net sales	$	—		$	1,349.5		$	209.5	$	(154.5	)	$	1,404.5
Cost of products sold (exclusive of items shown separately below)	—			1,282.2			170.8		(143.8		)	1,309.2
Selling and administrative expenses (exclusive of items shown separately below)	1.0			50.8			8.8		(10.4		)	50.2
Depreciation	—			43.0			4.9		—			47.9
Pension and OPEB expense (income)	—			(16.5		)	—		—			(16.5		)
Total operating costs	1.0			1,359.5			184.5		(154.2		)	1,390.8
Operating profit (loss)	(1.0		)	(10.0		)	25.0		(0.3		)	13.7
Interest expense	—			31.7			0.3		—			32.0
Other income (expense)	—			1.4			1.1		—			2.5
Income (loss) before income taxes	(1.0		)	(40.3		)	25.8		(0.3		)	(15.8		)
Income tax provision (benefit)	—			5.5			4.3		(0.1		)	9.7
Equity in net income (loss) of subsidiaries	(39.4		)	6.4			—		33.0			—
Net income (loss)	(40.4		)	(39.4		)	21.5		32.8			(25.5		)
Less: Net income attributable to noncontrolling interests	—			—			14.9		—			14.9
Net income (loss) attributable to AK Steel Holding Corporation	(40.4		)	(39.4		)	6.6		32.8			(40.4		)
Other comprehensive income (loss)	(28.9		)	(28.9		)	0.4		28.5			(28.9		)
Comprehensive income (loss) attributable to AK Steel Holding Corporation	$	(69.3	)	$	(68.3	)	$	7.0	$	61.3		$	(69.3	)

Condensed Consolidated Statements of Comprehensive Income (Loss)
Three Months Ended June 30, 2012
	AK Holding			AK Steel			Other Non-Guarantor Subsidiaries			Eliminations			Consolidated Company
Net sales	$	—		$	1,476.6		$	243.6		$	(181.8	)	$	1,538.4
Cost of products sold (exclusive of items shown separately below)	—			1,366.3			199.3			(173.2		)	1,392.4
Selling and administrative expenses (exclusive of items shown separately below)	1.3			51.9			9.1			(11.5		)	50.8
Depreciation	—			43.7			4.7			—			48.4
Pension and OPEB expense (income)	—			(9.9		)	—			—			(9.9		)
Total operating costs	1.3			1,452.0			213.1			(184.7		)	1,481.7
Operating profit (loss)	(1.3		)	24.6			30.5			2.9			56.7
Interest expense	—			21.6			0.2			—			21.8
Other income (expense)	—			(2.7		)	(2.0		)	—			(4.7		)
Income (loss) before income taxes	(1.3		)	0.3			28.3			2.9			30.2
Income tax provision (benefit)	0.6			739.7			6.3			1.2			747.8
Equity in net income (loss) of subsidiaries	(722.3		)	17.1			—			705.2			—
Net income (loss)	(724.2		)	(722.3		)	22.0			706.9			(717.6		)
Less: Net income attributable to noncontrolling interests	—			—			6.6			—			6.6
Net income (loss) attributable to AK Steel Holding Corporation	(724.2		)	(722.3		)	15.4			706.9			(724.2		)
Other comprehensive income (loss)	(4.6		)	(4.6		)	(1.2		)	5.8			(4.6		)
Comprehensive income (loss) attributable to AK Steel Holding Corporation	$	(728.8	)	$	(726.9	)	$	14.2		$	712.7		$	(728.8	)

Condensed Statements of Comprehensive Income (Loss)
Six Months Ended June 30, 2013
	AK Holding			AK Steel			Other Non-Guarantor Subsidiaries			Eliminations			Consolidated Company
Net sales	$	—		$	2,633.2		$	426.3		$	(285.2	)	$	2,774.3
Cost of products sold (exclusive of items shown separately below)	—			2,482.4			344.6			(265.5		)	2,561.5
Selling and administrative expenses (exclusive of items shown separately below)	2.5			101.4			18.5			(20.6		)	101.8
Depreciation	—			86.7			9.8			—			96.5
Pension and OPEB expense (income)	—			(32.4		)	—			—			(32.4		)
Total operating costs	2.5			2,638.1			372.9			(286.1		)	2,727.4
Operating profit (loss)	(2.5		)	(4.9		)	53.4			0.9			46.9
Interest expense	—			62.4			0.6			—			63.0
Other income (expense)	—			(0.7		)	5.0			—			4.3
Income (loss) before income taxes	(2.5		)	(68.0		)	57.8			0.9			(11.8		)
Income tax provision (benefit)	—			(4.2		)	10.7			0.4			6.9
Equity in net income (loss) of subsidiaries	(47.8		)	16.0			—			31.8			—
Net income (loss)	(50.3		)	(47.8		)	47.1			32.3			(18.7		)
Less: net income attributable to noncontrolling interests	—			—			31.6			—			31.6
Net income (loss) attributable to AK Steel Holding Corporation	(50.3		)	(47.8		)	15.5			32.3			(50.3		)
Other comprehensive income (loss)	(48.6		)	(48.6		)	(0.7		)	49.3			(48.6		)
Comprehensive income (loss) attributable to AK Steel Holding Corporation	$	(98.9	)	$	(96.4	)	$	14.8		$	81.6		$	(98.9	)

Condensed Statements of Comprehensive Income (Loss)
Six Months Ended June 30, 2012
	AK Holding			AK Steel			Other Non-Guarantor Subsidiaries			Eliminations			Consolidated Company
Net sales	$	—		$	2,909.8		$	480.6		$	(343.3	)	$	3,047.1
Cost of products sold (exclusive of items shown separately below)	—			2,729.8			395.7			(324.1		)	2,801.4
Selling and administrative expenses (exclusive of items shown separately below)	2.7			109.2			17.4			(22.7		)	106.6
Depreciation	—			87.3			9.4			—			96.7
Pension and OPEB expense (income)	—			(18.4		)	—			—			(18.4		)
Total operating costs	2.7			2,907.9			422.5			(346.8		)	2,986.3
Operating profit (loss)	(2.7		)	1.9			58.1			3.5			60.8
Interest expense	—			37.6			0.4			—			38.0
Other income (expense)	—			(5.3		)	1.5			—			(3.8		)
Income (loss) before income taxes	(2.7		)	(41.0		)	59.2			3.5			19.0
Income tax provision (benefit)	—			719.1			23.0			1.4			743.5
Equity in net income (loss) of subsidiaries	(733.3		)	26.8			—			706.5			—
Net income (loss)	(736.0		)	(733.3		)	36.2			708.6			(724.5		)
Less: net income attributable to noncontrolling interests	—			—			11.5			—			11.5
Net income (loss) attributable to AK Steel Holding Corporation	(736.0		)	(733.3		)	24.7			708.6			(736.0		)
Other comprehensive income (loss)	(16.7		)	(16.7		)	(0.4		)	17.1			(16.7		)
Comprehensive income (loss) attributable to AK Steel Holding Corporation	$	(752.7	)	$	(750.0	)	$	24.3		$	725.7		$	(752.7	)

Schedule of Condensed Balance Sheet

Condensed Consolidated Balance Sheets
June 30, 2013
	AK Holding			AK Steel			Other Non-Guarantor Subsidiaries			Eliminations			Consolidated Company
ASSETS
Current assets:
Cash and cash equivalents	$	—		$	26.0		$	32.4		$	—		$	58.4
Accounts receivable, net	—			502.5			67.9			(54.6		)	515.8
Inventory, net	—			599.1			86.3			(8.4		)	677.0
Deferred tax assets, current	—			74.7			0.2			—			74.9
Other current assets	0.2			27.2			2.7			—			30.1
Total current assets	0.2			1,229.5			189.5			(63.0		)	1,356.2
Property, plant and equipment	—			5,368.1			598.6			—			5,966.7
Accumulated depreciation	—			(3,928.6		)	(99.4		)	—			(4,028.0		)
Property, plant and equipment, net	—			1,439.5			499.2			—			1,938.7
Other non-current assets:
Investment in AFSG Holdings, Inc.	—			—			55.6			—			55.6
Investment in Magnetation LLC	—			—			193.8			—			193.8
Investment in affiliates	(2,799.8		)	1,363.2			—			1,436.6			—
Inter-company accounts	2,200.4			(3,092.6		)	836.7			55.5			—
Goodwill	—			—			37.1			—			37.1
Deferred tax assets, non-current	—			80.6			0.4			—			81.0
Other non-current assets	—			71.0			39.3			—			110.3
TOTAL ASSETS	$	(599.2	)	$	1,091.2		$	1,851.6		$	1,429.1		$	3,772.7
LIABILITIES AND EQUITY (DEFICIT)
Current liabilities:
Short-term borrowings under credit facility	$	—		$	40.0		$	—		$	—		$	40.0
Accounts payable	—			544.4			52.5			(1.6		)	595.3
Accrued liabilities	—			135.2			7.2			(0.7		)	141.7
Current portion of long-term debt	—			0.7			—			—			0.7
Current portion of pension and other postretirement benefit obligations	—			104.7			0.5			—			105.2
Total current liabilities	—			825.0			60.2			(2.3		)	882.9
Non-current liabilities:
Long-term debt	—			1,414.7			—			—			1,414.7
Pension and other postretirement benefit obligations	—			1,543.8			4.3			—			1,548.1
Other non-current liabilities	—			107.5			0.5			—			108.0
TOTAL LIABILITIES	—			3,891.0			65.0			(2.3		)	3,953.7
Total stockholders’ equity (deficit)	(599.2		)	(2,799.8		)	1,368.4			1,431.4			(599.2		)
Noncontrolling interests	—			—			418.2			—			418.2
TOTAL EQUITY (DEFICIT)	(599.2		)	(2,799.8		)	1,786.6			1,431.4			(181.0		)
TOTAL LIABILITIES AND EQUITY (DEFICIT)	$	(599.2	)	$	1,091.2		$	1,851.6		$	1,429.1		$	3,772.7

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
Six Months Ended June 30, 2013
	AK Holding			AK Steel			Other Non-Guarantor Subsidiaries			Eliminations			Consolidated Company
Net cash flows from operating activities	$	(2.1	)	$	(167.8	)	$	77.5		$	(12.1	)	$	(104.5	)
Cash flows from investing activities:
Capital investments	—			(22.5		)	(9.9		)	—			(32.4		)
Investments in acquired businesses	—			(50.0		)	—			—			(50.0		)
Other investing items, net	—			5.1			(0.3		)	—			4.8
Net cash flows from investing activities	—			(67.4		)	(10.2		)	—			(77.6		)
Cash flows from financing activities:
Net borrowings under credit facility	—			40.0			—			—			40.0
Proceeds from issuance of long-term debt	—			31.9			—			—			31.9
Redemption of long-term debt	—			(27.0		)	—			—			(27.0		)
Debt issuance costs	—			(2.4		)	—			—			(2.4		)
Purchase of treasury stock	(0.7		)	—			—			—			(0.7		)
Inter-company activity	2.8			15.2			(30.1		)	12.1			—
SunCoke Middletown distributions to noncontrolling interest owners	—			—			(27.6		)	—			(27.6		)
Other financing items, net	—			(0.1		)	(0.6		)	—			(0.7		)
Net cash flows from financing activities	2.1			57.6			(58.3		)	12.1			13.5
Net increase (decrease) in cash and cash equivalents	—			(177.6		)	9.0			—			(168.6		)
Cash and equivalents, beginning of period	—			203.6			23.4			—			227.0
Cash and equivalents, end of period	$	—		$	26.0		$	32.4		$	—		$	58.4

Condensed Consolidated Statements of Cash Flows
Six Months Ended June 30, 2012
	AK Holding			AK Steel			Other Non-Guarantor Subsidiaries			Eliminations			Consolidated Company
Net cash flows from operating activities	$	(2.2	)	$	(362.4	)	$	55.7		$	(1.2	)	$	(310.1	)
Cash flows from investing activities:
Capital investments	—			(16.4		)	(19.1		)	—			(35.5		)
Other investing items, net	—			0.8			(0.1		)	—			0.7
Net cash flows from investing activities	—			(15.6		)	(19.2		)	—			(34.8		)
Cash flows from financing activities:
Net borrowings under credit facility	—			75.0			—			—			75.0
Proceeds from issuance of long-term debt	—			373.3			—			—			373.3
Redemption of long-term debt	—			(73.7		)	—			—			(73.7		)
Debt issuance costs	—			(8.4		)	—			—			(8.4		)
Purchase of treasury stock	(1.7		)	—			—			—			(1.7		)
Common stock dividends paid	(11.0		)	—			—			—			(11.0		)
Inter-company activity	14.9			11.4			(27.5		)	1.2			—
SunCoke Middletown distributions to noncontrolling interest owners	—			—			(12.8		)	—			(12.8		)
Other financing items, net	—			—			(0.4		)	—			(0.4		)
Net cash flows from financing activities	2.2			377.6			(40.7		)	1.2			340.3
Net decrease in cash and cash equivalents	—			(0.4		)	(4.2		)	—			(4.6		)
Cash and equivalents, beginning of period	—			19.9			22.1			—			42.0
Cash and equivalents, end of period	$	—		$	19.5		$	17.9		$	—		$	37.4