Supplemental Guarantor Information (Tables)

9 Months Ended

Sep. 30, 2013

Supplemental Guarantor Information [Abstract]

Schedule of Condensed Comprehensive Income (Loss)

Condensed Consolidated Statements of Comprehensive Income (Loss)
Three Months Ended September 30, 2013
	AK Holding			AK Steel			Other Non-Guarantor Subsidiaries			Eliminations			Consolidated Company
Net sales	$	—		$	1,284.1		$	200.3		$	(153.1	)	$	1,331.3
Cost of products sold (exclusive of items shown separately below)	—			1,206.4			158.4			(142.4		)	1,222.4
Selling and administrative expenses (exclusive of items shown separately below)	1.0			50.8			9.4			(9.7		)	51.5
Depreciation	—			43.1			5.3			—			48.4
Pension and OPEB expense (income)	—			(16.9		)	—			—			(16.9		)
Total operating costs	1.0			1,283.4			173.1			(152.1		)	1,305.4
Operating profit (loss)	(1.0		)	0.7			27.2			(1.0		)	25.9
Interest expense	—			31.7			0.4			—			32.1
Other income (expense)	—			(1.9		)	(0.9		)	—			(2.8		)
Income (loss) before income taxes	(1.0		)	(32.9		)	25.9			(1.0		)	(9.0		)
Income tax provision (benefit)	—			3.6			3.6			(0.5		)	6.7
Equity in net income (loss) of subsidiaries	(30.7		)	5.8			—			24.9			—
Net income (loss)	(31.7		)	(30.7		)	22.3			24.4			(15.7		)
Less: Net income attributable to noncontrolling interests	—			—			16.0			—			16.0
Net income (loss) attributable to AK Steel Holding Corporation	(31.7		)	(30.7		)	6.3			24.4			(31.7		)
Other comprehensive income (loss)	(3.4		)	(3.4		)	1.2			2.2			(3.4		)
Comprehensive income (loss) attributable to AK Steel Holding Corporation	$	(35.1	)	$	(34.1	)	$	7.5		$	26.6		$	(35.1	)

Condensed Consolidated Statements of Comprehensive Income (Loss)
Three Months Ended September 30, 2012
	AK Holding			AK Steel			Other Non-Guarantor Subsidiaries		Eliminations			Consolidated Company
Net sales	$	—		$	1,409.2		$	224.8	$	(170.5	)	$	1,463.5
Cost of products sold (exclusive of items shown separately below)	—			1,365.9			182.8		(163.7		)	1,385.0
Selling and administrative expenses (exclusive of items shown separately below)	0.9			52.5			9.4		(10.9		)	51.9
Depreciation	—			43.3			4.9		—			48.2
Pension and OPEB expense (income)	—			(9.6		)	—		—			(9.6		)
Total operating costs	0.9			1,452.1			197.1		(174.6		)	1,475.5
Operating profit (loss)	(0.9		)	(42.9		)	27.7		4.1			(12.0		)
Interest expense	—			22.2			0.2		—			22.4
Other income (expense)	—			(2.1		)	7.8		—			5.7
Income (loss) before income taxes	(0.9		)	(67.2		)	35.3		4.1			(28.7		)
Income tax provision (benefit)	—			8.5			13.6		1.7			23.8
Equity in net income (loss) of subsidiaries	(60.0		)	15.7			—		44.3			—
Net income (loss)	(60.9		)	(60.0		)	21.7		46.7			(52.5		)
Less: Net income attributable to noncontrolling interests	—			—			8.4		—			8.4
Net income (loss) attributable to AK Steel Holding Corporation	(60.9		)	(60.0		)	13.3		46.7			(60.9		)
Other comprehensive income (loss)	(8.2		)	(8.2		)	0.7		7.5			(8.2		)
Comprehensive income (loss) attributable to AK Steel Holding Corporation	$	(69.1	)	$	(68.2	)	$	14.0	$	54.2		$	(69.1	)

Condensed Consolidated Statements of Comprehensive Income (Loss)
Nine Months Ended September 30, 2013
	AK Holding			AK Steel			Other Non-Guarantor Subsidiaries		Eliminations			Consolidated Company
Net sales	$	—		$	3,917.3		$	626.6	$	(438.3	)	$	4,105.6
Cost of products sold (exclusive of items shown separately below)	—			3,688.8			503.0		(407.9		)	3,783.9
Selling and administrative expenses (exclusive of items shown separately below)	3.5			152.2			27.9		(30.3		)	153.3
Depreciation	—			129.8			15.1		—			144.9
Pension and OPEB expense (income)	—			(49.3		)	—		—			(49.3		)
Total operating costs	3.5			3,921.5			546.0		(438.2		)	4,032.8
Operating profit (loss)	(3.5		)	(4.2		)	80.6		(0.1		)	72.8
Interest expense	—			94.1			1.0		—			95.1
Other income (expense)	—			(2.6		)	4.1		—			1.5
Income (loss) before income taxes	(3.5		)	(100.9		)	83.7		(0.1		)	(20.8		)
Income tax provision (benefit)	—			(0.6		)	14.3		(0.1		)	13.6
Equity in net income (loss) of subsidiaries	(78.5		)	21.8			—		56.7			—
Net income (loss)	(82.0		)	(78.5		)	69.4		56.7			(34.4		)
Less: Net income attributable to noncontrolling interests	—			—			47.6		—			47.6
Net income (loss) attributable to AK Steel Holding Corporation	(82.0		)	(78.5		)	21.8		56.7			(82.0		)
Other comprehensive income (loss)	(52.0		)	(52.0		)	0.5		51.5			(52.0		)
Comprehensive income (loss) attributable to AK Steel Holding Corporation	$	(134.0	)	$	(130.5	)	$	22.3	$	108.2		$	(134.0	)

Condensed Consolidated Statements of Comprehensive Income (Loss)
Nine Months Ended September 30, 2012
	AK Holding			AK Steel			Other Non-Guarantor Subsidiaries		Eliminations			Consolidated Company
Net sales	$	—		$	4,319.0		$	705.4	$	(513.8	)	$	4,510.6
Cost of products sold (exclusive of items shown separately below)	—			4,095.7			578.5		(487.8		)	4,186.4
Selling and administrative expenses (exclusive of items shown separately below)	3.6			161.7			26.8		(33.6		)	158.5
Depreciation	—			130.6			14.3		—			144.9
Pension and OPEB expense (income)	—			(28.0		)	—		—			(28.0		)
Total operating costs	3.6			4,360.0			619.6		(521.4		)	4,461.8
Operating profit (loss)	(3.6		)	(41.0		)	85.8		7.6			48.8
Interest expense	—			59.8			0.6		—			60.4
Other income (expense)	—			(7.4		)	9.3		—			1.9
Income (loss) before income taxes	(3.6		)	(108.2		)	94.5		7.6			(9.7		)
Income tax provision (benefit)	—			727.6			36.6		3.1			767.3
Equity in net income (loss) of subsidiaries	(793.3		)	42.5			—		750.8			—
Net income (loss)	(796.9		)	(793.3		)	57.9		755.3			(777.0		)
Less: Net income attributable to noncontrolling interests	—			—			19.9		—			19.9
Net income (loss) attributable to AK Steel Holding Corporation	(796.9		)	(793.3		)	38.0		755.3			(796.9		)
Other comprehensive income (loss)	(24.9		)	(24.9		)	0.3		24.6			(24.9		)
Comprehensive income (loss) attributable to AK Steel Holding Corporation	$	(821.8	)	$	(818.2	)	$	38.3	$	779.9		$	(821.8	)

Schedule of Condensed Balance Sheet

Condensed Consolidated Balance Sheets
September 30, 2013
	AK Holding			AK Steel			Other Non-Guarantor Subsidiaries			Eliminations			Consolidated Company
ASSETS
Current assets:
Cash and cash equivalents	$	—		$	28.1		$	37.6		$	—		$	65.7
Accounts receivable, net	—			528.3			66.9			(58.6		)	536.6
Inventory, net	—			596.3			97.8			(9.5		)	684.6
Deferred tax assets, current	—			70.6			0.2			—			70.8
Other current assets	0.2			41.3			3.3			—			44.8
Total current assets	0.2			1,264.6			205.8			(68.1		)	1,402.5
Property, plant and equipment	—			5,368.2			605.8			—			5,974.0
Accumulated depreciation	—			(3,963.6		)	(104.7		)	—			(4,068.3		)
Property, plant and equipment, net	—			1,404.6			501.1			—			1,905.7
Other non-current assets:
Investment in AFSG Holdings, Inc.	—			—			55.6			—			55.6
Investment in Magnetation LLC	—			—			190.4			—			190.4
Investment in affiliates	(2,814.9		)	1,359.4			—			1,455.5			—
Inter-company accounts	2,182.1			(3,075.3		)	831.7			61.5			—
Goodwill	—			—			37.1			—			37.1
Deferred tax assets, non-current	—			79.3			0.3			—			79.6
Other non-current assets	—			65.7			29.8			—			95.5
TOTAL ASSETS	$	(632.6	)	$	1,098.3		$	1,851.8		$	1,448.9		$	3,766.4
LIABILITIES AND EQUITY (DEFICIT)
Current liabilities:
Short-term borrowings under credit facility	$	—		$	185.0		$	—		$	—		$	185.0
Accounts payable	—			514.4			50.2			(0.7		)	563.9
Accrued liabilities	—			169.0			10.1			—			179.1
Current portion of long-term debt	—			0.7			—			—			0.7
Current portion of pension and other postretirement benefit obligations	—			78.4			0.5			—			78.9
Total current liabilities	—			947.5			60.8			(0.7		)	1,007.6
Non-current liabilities:
Long-term debt	—			1,415.4			—			—			1,415.4
Pension and other postretirement benefit obligations	—			1,442.8			4.3			—			1,447.1
Other non-current liabilities	—			107.5			0.6			—			108.1
TOTAL LIABILITIES	—			3,913.2			65.7			(0.7		)	3,978.2
Total stockholders’ equity (deficit)	(632.6		)	(2,814.9		)	1,365.3			1,449.6			(632.6		)
Noncontrolling interests	—			—			420.8			—			420.8
TOTAL EQUITY (DEFICIT)	(632.6		)	(2,814.9		)	1,786.1			1,449.6			(211.8		)
TOTAL LIABILITIES AND EQUITY (DEFICIT)	$	(632.6	)	$	1,098.3		$	1,851.8		$	1,448.9		$	3,766.4

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
Nine Months Ended September 30, 2013
	AK Holding			AK Steel			Other Non-Guarantor Subsidiaries			Eliminations			Consolidated Company
Net cash flows from operating activities	$	(2.8	)	$	(325.4	)	$	110.4		$	(5.9	)	$	(223.7	)
Cash flows from investing activities:
Capital investments	—			(31.6		)	(16.5		)	—			(48.1		)
Investments in acquired businesses	—			—			(50.0		)	—			(50.0		)
Other investing items, net	—			4.8			10.3			—			15.1
Net cash flows from investing activities	—			(26.8		)	(56.2		)	—			(83.0		)
Cash flows from financing activities:
Net borrowings under credit facility	—			185.0			—			—			185.0
Proceeds from issuance of long-term debt	—			31.9			—			—			31.9
Redemption of long-term debt	—			(27.2		)	—			—			(27.2		)
Debt issuance costs	—			(3.1		)	—			—			(3.1		)
Purchase of treasury stock	(0.7		)	—			—			—			(0.7		)
Inter-company activity	3.5			(9.9		)	0.5			5.9			—
SunCoke Middletown advances from (distributions to) noncontrolling interest owners	—			—			(41.1		)	—			(41.1		)
Other financing items, net	—			—			0.6			—			0.6
Net cash flows from financing activities	2.8			176.7			(40.0		)	5.9			145.4
Net increase (decrease) in cash and cash equivalents	—			(175.5		)	14.2			—			(161.3		)
Cash and equivalents, beginning of period	—			203.6			23.4			—			227.0
Cash and equivalents, end of period	$	—		$	28.1		$	37.6		$	—		$	65.7

Condensed Consolidated Statements of Cash Flows
Nine Months Ended September 30, 2012
	AK Holding			AK Steel			Other Non-Guarantor Subsidiaries			Eliminations			Consolidated Company
Net cash flows from operating activities	$	(2.9	)	$	(431.6	)	$	50.7		$	(4.1	)	$	(387.9	)
Cash flows from investing activities:
Capital investments	—			(29.7		)	(19.6		)	—			(49.3		)
Investments in acquired businesses	—			—			(38.1		)	—			(38.1		)
Other investing items, net	—			5.3			(0.7		)	—			4.6
Net cash flows from investing activities	—			(24.4		)	(58.4		)	—			(82.8		)
Cash flows from financing activities:
Net borrowings under credit facility	—			192.0			—			—			192.0
Proceeds from issuance of long-term debt	—			373.3			—			—			373.3
Redemption of long-term debt	—			(73.9		)	—			—			(73.9		)
Debt issuance costs	—			(8.6		)	—			—			(8.6		)
Purchase of treasury stock	(1.7		)	—			—			—			(1.7		)
Common stock dividends paid	(11.0		)	—			—			—			(11.0		)
Inter-company activity	15.6			(19.2		)	(0.5		)	4.1			—
SunCoke Middletown advances from (distributions to) noncontrolling interest owners	—			—			5.5			—			5.5
Other financing items, net	—			(0.2		)	0.4			—			0.2
Net cash flows from financing activities	2.9			463.4			5.4			4.1			475.8
Net increase (decrease) in cash and cash equivalents	—			7.4			(2.3		)	—			5.1
Cash and equivalents, beginning of period	—			19.9			22.1			—			42.0
Cash and equivalents, end of period	$	—		$	27.3		$	19.8		$	—		$	47.1