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AKS » Topics » CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

This excerpt taken from the AKS 10-Q filed May 7, 2007.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(dollars in millions, except per share data)

 

(unaudited)    Three Months Ended
March 31,
     2007    2006

Net sales

    $ 1,719.9    $ 1,435.9

Cost of products sold (exclusive of items shown below)

      1,480.9      1,304.3

Selling and administrative expenses

      54.1      52.1

Depreciation

      49.8      50.1

Pension curtailment charge

      15.1      —  
             

Total operating costs

      1,599.9      1,406.5

Operating profit

      120.0      29.4

Interest expense

      24.6      22.0

Other income

      4.1      4.0
             

Income before income taxes

      99.5      11.4

Income tax provision due to state tax law changes

      —        1.5

Income tax provision

      36.8      3.7
             

Net income

    $ 62.7    $ 6.2
             

Basic earnings per share:

      

Net income per share

    $ 0.57    $ 0.06
             

Diluted earnings per share:

      

Net income per share

    $ 0.56    $ 0.06
             

Common shares and common share equivalents outstanding (weighted average in millions):

      

Basic

      110.4      109.8

Diluted

      111.3      110.3

See notes to condensed consolidated financial statements.

 

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Table of Contents
This excerpt taken from the AKS 10-Q filed May 4, 2006.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(dollars in millions, except per share data)

 

(unaudited)    Three Months Ended
March 31,
   2006    2005

Net sales

    $ 1,435.9    $ 1,422.5

Cost of products sold (exclusive of items shown below)

      1,304.3      1,206.3

Selling and administrative expenses

      52.1      52.3

Depreciation

      50.1      50.3
             

Total operating costs

      1,406.5      1,308.9

Operating profit

      29.4      113.6

Interest expense

      22.0      22.4

Other income

      4.0      5.4
             

Income before income taxes

      11.4      96.6

Income tax provision due to state tax law changes

      1.5      3.1

Income tax provision

      3.7      34.3
             

Net income

    $ 6.2    $ 59.2
             

Basic and diluted earnings per share:

      

Net income per share

    $ 0.06    $ 0.54
             

Common shares and common share equivalents outstanding (weighted average in millions):

      

Basic

     109.8      109.5

Diluted

      110.3      110.6

See notes to condensed consolidated financial statements.

 

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Table of Contents

EXCERPTS ON THIS PAGE:

10-Q
May 7, 2007
10-Q
May 4, 2006

RELATED TOPICS for AKS:

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