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AKS » Topics » Statements of Operations

This excerpt taken from the AKS 8-K filed Apr 24, 2007.

Statements of Operations

(Unaudited)

(Dollars and Shares in Millions, Except Per Share and Per Ton Data)

 

    

Three Months Ended

March 31,

     2007    2006

Shipments (000 tons)

      1,596.2      1,526.8

Selling price per ton

    $ 1,078    $ 940

Net sales

    $ 1,719.9    $ 1,435.9

Cost of products sold

      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

    $ 0.57    $ 0.06
             

Diluted earnings per share:

      

Net income

    $ 0.56    $ 0.06
             

Weighted average shares outstanding:

      

Basic

      110.4      109.8

Diluted

      111.3      110.3

 

-more-

4

 

This excerpt taken from the AKS 8-K filed Apr 25, 2006.

Statements of Operations

(Unaudited)

(Dollars and Shares in Millions, Except Per Share and Per Ton Data)

 

     Three Months Ended
March 31,
     2006    2005

Shipments (000 tons)

      1,526.8      1,520.5

Selling price per ton

    $ 940    $ 934

Net sales

    $ 1,435.9    $ 1,422.5

Cost of products sold

      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

    $ 0.06    $ 0.54
             

Weighted average shares outstanding:

      

Basic

      109.8      109.5

Diluted

      110.3      110.6

 

-more-

EXCERPTS ON THIS PAGE:

8-K
Apr 24, 2007
8-K
Apr 25, 2006

RELATED TOPICS for AKS:

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