ATI Announces Second Quarter 2018 Results
Note: Quarterly earnings per share amounts may not add to
year-to-date amounts due to rounding.
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Allegheny Technologies Incorporated and Subsidiaries
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Other Financial Information
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Managed Working Capital
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(Unaudited, dollars in millions)
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June 30
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December 31
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2018
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2017
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Accounts receivable
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$
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621.9
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$
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545.3
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Short-term contract assets
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47.7
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-
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Inventory
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1,254.1
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1,176.1
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Accounts payable
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(429.3
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(420.1
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Short-term contract liabilities
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(70.4
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)
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-
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Subtotal
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1,424.0
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1,301.3
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Allowance for doubtful accounts
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6.1
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5.9
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LIFO reserve
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(3.7
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)
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(43.1
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Inventory reserves
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87.0
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121.5
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Managed working capital
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$
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1,513.4
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$
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1,385.6
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Annualized prior 3 months sales
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$
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4,038.0
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$
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3,639.5
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Managed working capital as a
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% of annualized sales
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37.5
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%
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38.1
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%
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June 30, 2018 change in managed
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working capital
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$
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127.8
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