← ATI INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income From Continuing Operations | — | — | — | — | — | — | $339.1m | $423.4m | $382.7m | $418.6m | |
| Net Income (Loss) Attributable to Parent | ($640.9m) | ($91.9m) | $222.4m | $257.6m | ($1.6b) | ($38.2m) | $130.9m | $410.8m | $367.8m | $404.3m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ($627.1m) | ($79.7m) | $236.7m | $270.1m | ($1.6b) | ($16.2m) | $146.5m | $423.4m | $382.7m | $418.6m | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | ($640.9m) | ($91.9m) | $222.4m | $257.6m | ($1.6b) | ($38.2m) | $130.9m | $410.8m | $367.8m | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | ($627.1m) | — | — | — | — | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $0 | — | — | — | — | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | $0 | — | — | — | — | — | — | — | — | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $13.8m | $12.2m | $14.3m | $12.5m | $13.0m | $22.0m | $15.6m | $12.6m | $14.9m | $14.3m | |
| Depreciation, Depletion and Amortization | $170.3m | $160.8m | $156.4m | $151.1m | $143.3m | $143.9m | $142.9m | $146.1m | $151.5m | $168.1m | |
| Amortization | — | — | — | — | — | — | — | — | — | $21.5m | |
| Amortization of Intangible Assets | $10.0m | $10.0m | $10.0m | $9.5m | $8.0m | $8.0m | $8.0m | $7.0m | $7.0m | $7.0m | |
| Depreciation | $170.3m | $160.8m | $156.4m | $151.1m | $143.3m | $143.9m | $142.9m | $146.1m | $151.5m | $146.6m | |
| Amortization Cash Flow | — | — | — | — | — | — | $27.5m | $28.7m | $32.7m | $21.5m | |
| Amortization Of Intangibles | — | — | — | — | — | — | $27.5m | $28.7m | $32.7m | $21.5m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $142.9m | $146.1m | $151.5m | $168.1m | |
| Deferred Income Tax Expense (Benefit) | ($120.3m) | ($10.9m) | $700k | ($39.0m) | $71.5m | $17.0m | ($3.2m) | ($139.5m) | $89.8m | $59.8m | |
| Deferred Income Tax | — | — | — | — | — | — | ($100k) | ($138.2m) | $86.4m | $59.1m | |
| Deferred Tax | — | — | — | — | — | — | ($100k) | ($138.2m) | $86.4m | $59.1m | |
| Share-based Payment Arrangement, Noncash Expense | — | — | — | — | — | — | $26.0m | $29.1m | $34.1m | $29.0m | |
| Gain (Loss) on Sale of Assets and Asset Impairment Charges | — | — | — | $89.8m | $2.5m | $13.8m | ($134.2m) | ($600k) | $52.9m | ($2.9m) | |
| Goodwill, Impairment Loss | $0 | $114.4m | $0 | $0 | $287.0m | $0 | $0 | — | — | — | |
| Restructuring Costs and Asset Impairment Charges | $471.3m | $0 | $0 | — | — | — | — | — | — | — | |
| Asset Impairment Charge | — | — | — | — | — | — | $0 | $3.0m | $0 | $0 | |
| Gain (Loss) on Disposition of Assets | $1.0m | $500k | $1.3m | $90.7m | $2.9m | $2.9m | $200k | $300k | $11.6m | $10.5m | |
| Gain (Loss) on Disposition of Business | — | — | — | ($1.9m) | $0 | $13.8m | ($141.0m) | ($600k) | $52.9m | ($2.9m) | |
| Gain (Loss) on Disposition of Property Plant Equipment | — | ($500k) | ($1.2m) | $90.6m | $2.9m | $2.9m | $900k | $600k | $15.7m | $10.7m | |
| Gain (Loss) on Extinguishment of Debt | — | ($37.0m) | $0 | ($21.6m) | ($21.5m) | ($65.5m) | $0 | $0 | — | — | |
| Income (Loss) from Equity Method Investments | — | — | ($1.0m) | ($10.7m) | ($7.0m) | $100k | $12.6m | ($1.6m) | ($1.0m) | — | |
| Income Tax Expense (Benefit) | ($106.9m) | ($6.8m) | $11.0m | ($28.5m) | $77.7m | $26.8m | $15.5m | ($128.2m) | $103.4m | $103.7m | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $108.2m | — | |
| Other Nonoperating Income (Expense) | $2.4m | $4.0m | $20.5m | $69.7m | ($1.2m) | $18.2m | ($12.5m) | $1.3m | $14.4m | $14.6m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | $51.8m | $93.2m | ($16.0m) | $52.1m | ($208.4m) | $126.0m | $128.5m | $46.1m | $85.0m | ($27.1m) | |
| Increase (Decrease) in Inventories | ($234.7m) | $139.2m | $108.5m | ($25.4m) | ($158.2m) | $53.9m | $190.8m | $51.8m | $118.5m | $52.8m | |
| Asset Retirement Obligation, Accretion Expense | $700k | $800k | $800k | $900k | $900k | $800k | $800k | $700k | $500k | $500k | |
| Deconsolidation, Gain (Loss), Amount | — | — | $15.9m | $0 | $0 | — | — | — | — | — | |
| Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal | — | — | — | ($1.8m) | $0 | $13.8m | ($134.2m) | $0 | — | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | — | ($7.3m) | — | — | — | — | — | — | — | — | |
| Goodwill | $641.9m | $531.4m | $534.7m | $525.8m | $240.7m | $227.9m | $227.2m | $227.2m | $227.2m | $225.2m | |
| Inventory Write-down | — | — | — | — | $7.2m | $800k | — | — | — | — | |
| Investment Income, Interest | $1.4m | $1.1m | $1.1m | $5.9m | $1.7m | $700k | $4.7m | $13.0m | $16.0m | $12.1m | |
| Proceeds from Stock Options Exercised | $0 | — | — | — | — | — | — | — | — | — | |
| Beginning Cash Position | — | — | — | — | — | — | $687.7m | $584.0m | $743.9m | $721.2m | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($201.9m) | $267.2m | ($260.4m) | ($699.9m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($126.7m) | ($193.2m) | ($159.6m) | ($234.5m) | |
| Change In Account Payable | — | — | — | — | — | — | $156.1m | ($29.8m) | $87.6m | ($43.4m) | |
| Change In Accrued Expense | — | — | — | — | — | — | ($23.1m) | ($26.8m) | ($67.1m) | $31.6m | |
| Change In Income Tax Payable | — | — | — | — | — | — | $2.5m | ($4.8m) | ($300k) | ($26.4m) | |
| Change In Inventory | — | — | — | — | — | — | ($190.8m) | ($51.8m) | ($118.5m) | ($52.8m) | |
| Change In Other Working Capital | — | — | — | — | — | — | ($210.5m) | $53.8m | $4.4m | $11.2m | |
| Change In Payable | — | — | — | — | — | — | $158.6m | ($34.6m) | $87.3m | ($69.8m) | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $135.5m | ($61.4m) | $20.2m | ($38.2m) | |
| Change In Receivables | — | — | — | — | — | — | ($128.5m) | ($46.1m) | ($85.0m) | $27.1m | |
| Change In Tax Payable | — | — | — | — | — | — | $2.5m | ($4.8m) | ($300k) | ($26.4m) | |
| Change In Working Capital | — | — | — | — | — | — | ($394.3m) | ($105.5m) | ($178.9m) | ($52.7m) | |
| Changes In Account Receivables | — | — | — | — | — | — | ($128.5m) | ($46.1m) | ($85.0m) | $27.1m | |
| Changes In Cash | — | — | — | — | — | — | ($103.7m) | $159.9m | ($12.8m) | ($320.1m) | |
| End Cash Position | — | — | — | — | — | — | $584.0m | $743.9m | $721.2m | $416.7m | |
| Financing Cash Flow | — | — | — | — | — | — | ($201.9m) | $267.2m | ($260.4m) | ($699.9m) | |
| Free Cash Flow | — | — | — | — | — | — | $94.0m | ($114.8m) | $168.1m | $333.7m | |
| Gain Loss On Sale Of Business | — | — | — | — | — | — | $112.2m | $600k | ($52.9m) | $2.9m | |
| Gain Loss On Sale Of PPE | — | — | — | — | — | — | ($900k) | ($600k) | ($15.7m) | ($10.7m) | |
| Investing Cash Flow | — | — | — | — | — | — | ($126.7m) | ($193.2m) | ($159.6m) | ($234.5m) | |
| Net Business Purchase And Sale | — | — | — | — | — | — | $300k | ($300k) | $48.0m | $26.8m | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($127.8m) | ($196.9m) | ($211.5m) | ($269.5m) | |
| Operating Gains Losses | — | — | — | — | — | $48.8m | $111.3m | — | ($68.6m) | ($7.8m) | |
| Other Cash Adjustment Outside Changein Cash | — | — | — | — | — | — | $0 | $0 | ($2.3m) | $0 | |
| Purchase Of PPE | $202.2m | $122.7m | $139.2m | $168.2m | $136.5m | $152.6m | ($130.9m) | ($200.7m) | ($239.1m) | ($280.6m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($145.6m) | ($96.4m) | ($286.0m) | ($504.1m) | |
| Sale Of Business | — | — | — | — | — | $53.1m | $300k | — | $48.0m | $26.8m | |
| Sale Of PPE | — | — | — | — | — | — | $3.1m | $3.8m | $27.6m | $11.1m | |
| Stock Based Compensation | — | — | — | — | — | — | $26.0m | $29.1m | $34.1m | $29.0m | |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement | — | — | — | — | — | $64.9m | $0 | ($41.7m) | $0 | $0 | |
| Net Cash Provided by (Used in) Operating Activities | ($43.7m) | $22.4m | $392.8m | $230.1m | $166.9m | $16.1m | $224.9m | $85.9m | $407.2m | $614.3m | |
| Cash flows from investing activities: | |||||||||||
| Capital Expenditure | — | — | — | — | — | — | ($130.9m) | ($200.7m) | ($239.1m) | ($280.6m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | $0 | $0 | $10.0m | $0 | $0 | — | — | — | — | — | |
| Payments for (Proceeds from) Other Investing Activities | ($2.2m) | ($3.1m) | ($4.1m) | $200k | ($1.9m) | ($1.4m) | ($800k) | ($4.0m) | ($3.9m) | ($8.2m) | |
| Net Other Investing Changes | — | — | — | — | — | — | $800k | $4.0m | $3.9m | $8.2m | |
| Net Cash Provided by (Used in) Investing Activities | ($200.0m) | ($119.6m) | ($145.1m) | $81.7m | ($128.7m) | ($77.3m) | ($126.7m) | ($193.2m) | ($159.6m) | ($234.5m) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | $387.5m | $8.5m | $7.1m | $350.0m | $391.4m | $675.7m | $0 | $425.0m | $0 | $0 | |
| Issuance Of Debt | — | — | — | — | — | — | $0 | $425.0m | $0 | $0 | |
| Long Term Debt Issuance | — | — | — | — | — | — | $0 | $425.0m | $0 | $0 | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | ($28.7m) | $385.8m | ($34.5m) | ($182.6m) | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | ($28.7m) | $385.8m | ($34.5m) | ($182.6m) | |
| Net Short Term Debt Issuance | — | — | — | — | — | $21.7m | ($5.6m) | ($14.0m) | — | — | |
| Long Term Debt Payments | — | — | — | — | — | — | ($28.7m) | ($39.2m) | ($34.5m) | ($182.6m) | |
| Repayment Of Debt | — | — | — | — | — | — | ($28.7m) | ($39.2m) | ($34.5m) | ($182.6m) | |
| Proceeds from Issuance of Common Stock | — | $397.8m | $0 | $0 | — | — | — | — | — | — | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($145.6m) | ($96.4m) | ($286.0m) | ($504.1m) | |
| Payments for Repurchase of Common Stock | — | — | — | — | — | — | $139.9m | $85.2m | $260.0m | $470.0m | |
| Payments of Ordinary Dividends, Common Stock | $25.8m | $0 | $0 | $0 | — | — | — | — | — | — | |
| Common Stock Payments | — | — | — | — | — | — | ($145.6m) | ($96.4m) | ($286.0m) | ($504.1m) | |
| Proceeds from Noncontrolling Interests | — | $3.7m | $14.4m | $0 | $0 | — | $6.4m | $0 | $0 | — | |
| Net Other Financing Charges | — | — | — | — | — | — | ($27.6m) | ($22.2m) | $60.1m | ($13.2m) | |
| Net Cash Provided by (Used in) Financing Activities | $323.5m | $9.2m | ($7.3m) | ($203.0m) | $116.9m | $103.0m | ($201.9m) | $267.2m | ($260.4m) | ($699.9m) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | — | — | $0 | ($7.6m) | $15.6m | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | — | $0 | $0 | ($7.6m) | $15.6m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | — | $155.1m | $41.8m | ($103.7m) | $159.9m | ($22.7m) | ($304.5m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | $645.9m | $687.7m | $584.0m | $743.9m | $721.2m | $416.7m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($103.7m) | $159.9m | ($22.7m) | ($304.5m) | |
| Income Taxes Paid, Net | ($1.9m) | $3.3m | $8.1m | $5.9m | $5.3m | $13.6m | $18.5m | $15.8m | $15.0m | $76.7m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.