01—Abstract
Summary
Summary of the 10-Q/A filed August 27, 2009. Cited figures are marked; the original filing is the authoritative source.
This filing is an amended Form 10-Q for ATI Inc. (ATI) filed on August 27, 2009.
It primarily serves as an update to the original filing and includes various exhibits related to the company's financial instruments and corporate governance. Importantly, this filing does not reflect subsequent events or modify the disclosures made in the original Form 10-Q. Investors should note that the bulk of the content consists of incorporated exhibits, such as indentures for senior and convertible notes, and amendments to credit agreements, all of which were previously filed via Form 8-K in June 2009.
The filing also includes certifications from the CEO and CFO, as required by SEC rules, attesting to the accuracy of the financial reporting. While this amended 10-Q provides supplementary documentation, investors seeking a comprehensive understanding of ATI's financial performance and operational status for the period should refer to the original Form 10-Q filed on August 4, 2009, and any subsequent filings that offer updated financial results and management discussion.
02—Key points
Key Highlights
- This filing is an amendment (10-Q/A) to a previously filed Form 10-Q, not a new quarterly report, and does not update disclosures beyond the original filing date.
- Key exhibits include indentures for 9.375% Senior Notes due 2019 and 4.25% Convertible Senior Notes due 2014, both dated June 2009.
- A First Amendment to the Credit Agreement, dated May 29, 2009, involving ATI Funding Corporation, TDY Holdings, LLC, and PNC Bank, is also included.
- The filing contains certifications from the Chief Executive Officer and Chief Financial Officer, confirming compliance with SEC rules regarding financial reporting.
- XBRL (eXtensible Business Reporting Language) documents are provided, enabling machine-readable data extraction for financial analysis.
- All referenced financial agreements and indentures were previously disclosed in Current Reports on Form 8-K filed in June 2009.
- This amended filing emphasizes the nature of the exhibits and does not introduce new financial performance data or management commentary.
03—One dollar
Follow one dollar
For each $1.00 of revenue in Q2 FY2009, ATI Inc lost $0.02.
- Revenue$710.0M100.0%
- Cost of revenue−$634.8M89.4%
- Gross profit$75.2M10.6%
- Operating costs−$64.4M9.1%
- Operating income$10.8M1.5%
- Interest, other & tax−$24.2M3.4%
- Net income−$13.4M1.9%
04—Financials
Financial Highlights
Figures from 10-Q/AQ2 FY2009filed August 27, 2009Financial Statements
Q2 FY2009 against Q2 FY2008
| Line item | Q2 FY2009Q2 FY2008 | Change |
|---|---|---|
| Revenue | $710.00M$1.46B | −51.4% |
| Cost of Revenue | $634.80M$1.13B | −43.8% |
| Gross Profit | $75.20M$332.30M | −77.4% |
| SG&A Expenses | $64.40M$79.20M | −18.7% |
| Operating Income | $10.80M$253.10M | −95.7% |
| Net Income | -$13.40M$168.90M | −107.9% |
| EPS (Basic) | $-0.14$1.68 | −108.3% |
| EPS (Diluted) | $-0.14$1.66 | −108.4% |
| Shares Outstanding (Basic) | 98.03M— | — |
| Shares Outstanding (Diluted) | 97.20M— | — |
05—Questions
Frequently Asked Questions
What is the primary purpose of this Form 10-Q/A filing?
This filing is an amendment to a previously filed Form 10-Q. Its main purpose is to include specific exhibits and certifications, rather than to present new financial results or update existing disclosures from the original Form 10-Q filed on August 4, 2009.
Are there any new financial performance figures or operational updates in this filing?
No, this filing explicitly states that it does not reflect subsequent events or modify disclosures made in the original Form 10-Q. The content primarily consists of exhibits that were previously filed and do not contain new financial performance data.
What types of financial agreements are detailed in the exhibits?
The exhibits include indentures for two types of notes: 9.375% Senior Notes due 2019 and 4.25% Convertible Senior Notes due 2014. Additionally, a First Amendment to a Credit Agreement involving ATI Funding Corporation, TDY Holdings, LLC, and PNC Bank is referenced.
Who has certified the accuracy of the financial information in this filing?
The Chief Executive Officer and the Chief Financial Officer of ATI Inc. have provided certifications as required by Securities and Exchange Commission rules (Rule 13a-14(a) or 15d-14(a)). A separate certification pursuant to 18 U.S.C. Section 1350 is also included.
06—Continue