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AK Steel Revenue

AK Steel revenue was $6.36 b in FY, 2019 which is a 6.7% year over year decrease from the previous period.

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Summary - Funding Rounds

Founding Date

1899
AK Steel is a subsidiary of Cleveland-Cliffs

AK Steel Revenue Breakdown

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AK Steel revenue breakdown by business segment: 65.2% from Carbon Steel, 25.4% from Stainless and Electrical and 9.4% from Tubular, Components and Other

AK Steel Income Statement

Annual

USDFY, 2017FY, 2018FY, 2019

Revenue

6.1b6.8b6.4b

Revenue growth, %

3%12%(7%)

Cost of goods sold

5.4b5.9b5.6b

Gross profit

720.8m907.2m753.1m

Gross profit Margin, %

12%13%12%

General and administrative expense

282.9m322.6m295.2m

Operating expense total

500.8m542.8m487.8m

Depreciation and amortization

226.0m220.2m192.6m

EBIT

220.0m364.4m209.3m

EBIT margin, %

4%5%3%

Interest expense

152.3m151.6m146.6m

Pre tax profit

50.6m237.9m69.2m

Income tax expense

(17.0m)(6.2m)6.2m

Net Income

67.6m244.1m11.2m

EPS

0.00.60.0

AK Steel Balance Sheet

Annual

USDFY, 2017FY, 2018FY, 2019

Cash

38.0m48.6m31.0m

Accounts Receivable

517.8m635.8m577.9m

Inventories

1.1b1.4b1.3b

Current Assets

1.8b2.2b2.0b

PP&E

2.0b1.9b1.9b

Goodwill

306.7m298.9m

Total Assets

4.3b4.5b4.6b

Accounts Payable

690.4m801.0m705.1m

Short-term debt

40.1m38.7m

Current Liabilities

1.0b1.1b1.1b

Long-term debt

3.0b2.8b2.0b

Total Debt

3.0b2.9b2.0b

Total Liabilities

4.2b4.1b4.1b

Common Stock

3.2m3.2m3.2m

Additional Paid-in Capital

2.9b2.9b2.9b

Retained Earnings

(3.1b)(2.7b)(2.7b)

Total Equity

129.2m429.5m477.3m

Debt to Equity Ratio

23.6 x

Debt to Assets Ratio

0.7 x

Financial Leverage

33.3 x10.5 x9.6 x

AK Steel Cash Flow

Annual

USDFY, 2017FY, 2018FY, 2019

Net Income

67.6m244.1m63.0m

Depreciation and Amortization

250.1m252.2m225.3m

Accounts Receivable

(34.4m)(125.0m)60.2m

Inventories

1.8m(34.8m)73.7m

Accounts Payable

46.2m119.6m(172.8m)

Cash From Operating Activities

198.8m364.7m265.9m

Purchases of PP&E

(152.5m)(152.0m)(194.8m)

Cash From Investing Activities

(508.7m)(151.9m)(188.2m)

Short-term Borrowings

450.0m(115.0m)115.0m

Long-term Borrowings

(848.4m)(12.6m)(152.3m)

Dividends Paid

(55.6m)

Cash From Financing Activities

174.7m(202.2m)(95.3m)

Net Change in Cash

(135.2m)10.6m(17.6m)

AK Steel Ratios

USDQ1, 2017

Debt/Equity

22 x

Debt/Assets

0.7 x

Financial Leverage

30.4 x

AK Steel Operating Metrics

FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Flat-Rolled Steel Selling Price per Ton

1.04 k9299551.02 k1.09 k1.08 k

Flat-Rolled Steel Shipments, tons

6.01 m6.97 m5.94 m5.6 m5.68 m5.34 m

AK Steel Employee Rating

3.5307 votes
Culture & Values
3.3
Work/Life Balance
3.2
Senior Management
3.2
Salary & Benefits
4.1
Career Opportunities
3.4
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