01—Abstract
Summary
Summary of the 10-K filed February 28, 2013. Cited figures are marked; the original filing is the authoritative source.
Allegheny Technologies Incorporated (ATI) filed its 10-K for the fiscal year ended December 31, 2012, reporting as a large accelerated filer.
The report details the company's business operations, financial performance, and risk factors. ATI operates in the specialty materials sector, likely facing industry-specific economic and competitive pressures. Investors should pay close attention to the company's revenue trends, profitability, and cash flows as presented in the Management's Discussion and Analysis (MD&A) and the financial statements.
Key areas of interest for investors include the company's strategic initiatives, capital expenditures, and any significant changes in its business segments. The risk factors section will provide insights into potential challenges that could impact future performance, such as market demand, raw material costs, and regulatory changes. Understanding these elements is crucial for assessing ATI's long-term prospects and investment potential.
02—Key points
Key Highlights
- ATI Inc. (ATI) is a large accelerated filer, indicating a well-established company with significant market capitalization.
- The filing covers the fiscal year ending December 31, 2012, providing a look at the company's performance in that period.
- The report includes a comprehensive overview of ATI's business segments and operations.
- Key financial data and the Management's Discussion and Analysis (MD&A) offer insights into the company's financial condition and results of operations.
- The Risk Factors section (Item 1A) is critical for understanding potential challenges and uncertainties facing the company.
- ATI registered its Common Stock on the New York Stock Exchange.
- The company had approximately 107.5 million shares of Common Stock outstanding as of February 15, 2013.
03—One dollar
Follow one dollar
Of each $1.00 of revenue in FY2012, ATI Inc kept $0.03.
- Revenue$4.67B100.0%
- Cost of revenue−$4.04B86.6%
- Gross profit$625.5M13.4%
- Operating costs−$321.6M6.9%
- Operating income$303.9M6.5%
- Interest, other & tax−$145.5M3.1%
- Net income$158.4M3.4%
Where FY2012 revenue went
$4.67B- Cost of revenue: $4.04B, 87% of revenue
- Net income: $158.4M, 3.4% of revenue
- R&D: $22.3M, 0.5% of revenue
- SG&A: $321.6M, 6.9% of revenue
- Interest, other & tax: $145.5M, 3.1% of revenue
Kept 3.4% as net incomeNet income $158.4M · 3.4%R&D $22.3M · 0.5%
Full revenue history →04—Financials
Financial Highlights
Figures from 10-KFY2012filed February 28, 2013Financial Statements
FY2012 against FY2011
| Line item | FY2012FY2011 | Change |
|---|---|---|
| Revenue | $4.67B$4.81B | −3.0% |
| Cost of Revenue | $4.04B$4.08B | −0.8% |
| Gross Profit | $625.50M$736.80M | −15.1% |
| R&D Expenses | $22.30M$17.00M | +31.2% |
| SG&A Expenses | $321.60M$323.00M | −0.4% |
| Operating Income | $303.90M$413.80M | −26.6% |
| Interest Expense | $72.40M$93.70M | −22.7% |
| Net Income | $158.40M$214.30M | −26.1% |
| EPS (Basic) | $1.49$2.09 | −28.7% |
| EPS (Diluted) | $1.43$1.97 | −27.4% |
| Shares Outstanding (Basic) | 106.10M102.50M | +3.5% |
| Shares Outstanding (Diluted) | 116.60M113.90M | +2.4% |
05—Questions
Frequently Asked Questions
What is Allegheny Technologies Incorporated's primary business?
Allegheny Technologies Incorporated (ATI) is a producer of specialty materials, including high-performance materials and components. The 2012 10-K would detail its specific product lines and end markets.
What were the key financial performance indicators for ATI in 2012?
To understand the key financial performance indicators for 2012, investors should review Item 7 (Management's Discussion and Analysis of Financial Condition and Results of Operations) and Item 8 (Financial Statements) in the 10-K. These sections will provide details on revenues, profitability, cash flows, and balance sheet items.
What are the major risks that investors should be aware of for ATI?
The major risks for ATI are detailed in Item 1A (Risk Factors). These typically include factors related to the industries it serves (e.g., aerospace, defense, energy), raw material costs, competition, economic conditions, and operational risks.
How did ATI's stock perform or what was its market value around the filing date?
The filing notes that the aggregate market value of ATI's voting stock held by non-affiliates was approximately $3.4 billion as of June 30, 2012. Item 5 (Market for the Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities) would provide more specific information on stock performance and related matters.
06—Continue