10-Q Filing

GRAFTECH INTERNATIONAL LTD CIK: 931148 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0000931148-17-000012`
Period End Date	20170331
Filing Date	20170427
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	gti-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 Income Statement 40 Cash Flow Statement 64

Balance Sheet 78 line items

Line Item	Tag	Value	Unit	Period
Accounts and notes receivable, net of allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivable`	$365.00K	USD	Point-in-time
Accounts and notes receivable, net of allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivable`	$326.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.93M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$18.48M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.83M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.61M	USD	Point-in-time
Accounts and notes receivable, net of allowance for doubtful accounts of $326 as of December 31, 2016 and $365 as of March 31, 2017	`AccountsNotesAndLoansReceivableNetCurrent`	$80.57M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Accounts and notes receivable, net of allowance for doubtful accounts of $326 as of December 31, 2016 and $365 as of March 31, 2017	`AccountsNotesAndLoansReceivableNetCurrent`	$74.66M	USD	Point-in-time
Inventories	`InventoryNet`	$159.39M	USD	Point-in-time
Inventories	`InventoryNet`	$156.11M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$22.44M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$21.66M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Current assets of discontinued operations	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$53.81M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	225.00M	shares	Point-in-time
Current assets of discontinued operations	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$60.98M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	225.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	100.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$328.78M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$330.93M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	100.00	shares	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$585.70M	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$594.39M	USD	Point-in-time
Less: accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$76.85M	USD	Point-in-time
Less: accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$89.59M	USD	Point-in-time
Net property, plant and equipment	`PropertyPlantAndEquipmentNet`	$508.86M	USD	Point-in-time
Net property, plant and equipment	`PropertyPlantAndEquipmentNet`	$504.81M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$20.32M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$19.80M	USD	Point-in-time
Goodwill	`Goodwill`	$171.12M	USD	Point-in-time
Goodwill	`Goodwill`	$171.12M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$138.61M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$141.57M	USD	Point-in-time
Total assets	`Assets`	$1.17B	USD	Point-in-time
Total assets	`Assets`	$1.16B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$44.72M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$47.66M	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$8.85M	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$10.36M	USD	Point-in-time
Accrued income and other taxes	`TaxesPayableCurrent`	$5.91M	USD	Point-in-time
Accrued income and other taxes	`TaxesPayableCurrent`	$5.26M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$30.59M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$33.72M	USD	Point-in-time
Short-term liabilities of discontinued operations	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$20.04M	USD	Point-in-time
Short-term liabilities of discontinued operations	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$17.32M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$112.41M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$112.02M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$369.25M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$356.58M	USD	Point-in-time
Other long-term obligations	`OtherLiabilitiesNoncurrent`	$82.15M	USD	Point-in-time
Other long-term obligations	`OtherLiabilitiesNoncurrent`	$81.17M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$42.91M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$44.28M	USD	Point-in-time
Disposal Group, Including Discontinued Operation, Liabilities, Noncurrent	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent`	$850.00K	USD	Point-in-time
Disposal Group, Including Discontinued Operation, Liabilities, Noncurrent	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent`	$1.04M	USD	Point-in-time
Contingencies Note 10	`CommitmentsAndContingencies`	-	USD	Point-in-time
Contingencies Note 10	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, par value $.01, 10,000,000 shares authorized, none issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, par value $.01, 10,000,000 shares authorized, none issued	`PreferredStockValue`	-	USD	Point-in-time
Common stock, par value $.01, 225,000,000 shares authorized, 100 shares issued as of December 31, 2016 and March 31, 2017	`CommonStockValue`	-	USD	Point-in-time
Common stock, par value $.01, 225,000,000 shares authorized, 100 shares issued as of December 31, 2016 and March 31, 2017	`CommonStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$854.34M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$854.34M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-7.56M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.72M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-269.39M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-295.74M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$577.38M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$555.88M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.17B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.16B	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$104.74M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$95.58M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$97.01M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$102.36M	USD	1 Quarter
Lower of cost or market inventory adjustment	`InventoryWriteDown`	$11.54M	USD	1 Quarter
Lower of cost or market inventory adjustment	`InventoryWriteDown`	$1.30M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.08M	USD	1 Quarter
Gross profit	`GrossProfit`	$-12.97M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$829.00K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$651.00K	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$13.79M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$11.68M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-11.43M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-27.42M	USD	1 Quarter
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$-3.07M	USD	1 Quarter
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$-237.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$7.55M	USD	1 Quarter
Interest expense	`InterestExpense`	$6.46M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$123.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$12.00K	USD	1 Quarter
Loss from continuing operations before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-34.10M	USD	1 Quarter
Loss from continuing operations before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-21.92M	USD	1 Quarter
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$361.00K	USD	1 Quarter
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$-295.00K	USD	1 Quarter
Net loss from continuing operations	`IncomeLossFromContinuingOperations`	$-22.28M	USD	1 Quarter
Net loss from continuing operations	`IncomeLossFromContinuingOperations`	$-33.81M	USD	1 Quarter
(Loss) income from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-4.07M	USD	1 Quarter
(Loss) income from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-2.56M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-36.38M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-26.34M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-36.38M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-26.34M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$4.84M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$12.50M	USD	1 Quarter
Commodities and foreign currency derivatives and other, net of tax of $10, $13 and $(12), respectively	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$133.00K	USD	1 Quarter
Commodities and foreign currency derivatives and other, net of tax of $10, $13 and $(12), respectively	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	-	USD	1 Quarter
Other comprehensive (loss) income, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$4.84M	USD	1 Quarter
Other comprehensive (loss) income, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$12.64M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-23.74M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-21.50M	USD	1 Quarter

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-36.38M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-26.34M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$19.46M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$17.31M	USD	1 Quarter
Impairments	`ImpairmentOfLongLivedAssetsToBeDisposedOf`	$2.50M	USD	1 Quarter
Impairments	`ImpairmentOfLongLivedAssetsToBeDisposedOf`	-	USD	1 Quarter
Change in inventory lower-of-cost-or-market reserve net of depreciation	`Inventorywritedownnetofdepreciation`	$-1.28M	USD	1 Quarter
Change in inventory lower-of-cost-or-market reserve net of depreciation	`Inventorywritedownnetofdepreciation`	$9.96M	USD	1 Quarter
Deferred income tax provision	`DeferredIncomeTaxExpenseBenefit`	$-485.00K	USD	1 Quarter
Deferred income tax provision	`DeferredIncomeTaxExpenseBenefit`	$-761.00K	USD	1 Quarter
Post-retirement and pension plan changes	`PensionAndOtherPostretirementBenefitExpense`	$1.05M	USD	1 Quarter
Post-retirement and pension plan changes	`PensionAndOtherPostretirementBenefitExpense`	$739.00K	USD	1 Quarter
Interest expense	`PaidInKindInterest`	$1.69M	USD	1 Quarter
Interest expense	`PaidInKindInterest`	$1.58M	USD	1 Quarter
Other charges, net	`OtherNoncashIncomeExpense`	$750.00K	USD	1 Quarter
Other charges, net	`OtherNoncashIncomeExpense`	$-2.05M	USD	1 Quarter
Net change in working capital	`IncreaseDecreaseInOperatingCapital`	$-16.52M	USD	1 Quarter
Net change in working capital	`IncreaseDecreaseInOperatingCapital`	$-8.65M	USD	1 Quarter
Change in long-term assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$2.72M	USD	1 Quarter
Change in long-term assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$1.23M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.82M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$9.72M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.00M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.41M	USD	1 Quarter
Proceeds from the sale of assets	`ProceedsFromSaleOfProductiveAssets`	$404.00K	USD	1 Quarter
Proceeds from the sale of assets	`ProceedsFromSaleOfProductiveAssets`	$368.00K	USD	1 Quarter
Other	`PaymentsForProceedsFromDerivativeInstrumentInvestingActivities`	$253.00K	USD	1 Quarter
Other	`PaymentsForProceedsFromDerivativeInstrumentInvestingActivities`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.63M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-8.26M	USD	1 Quarter
Short-term debt, net	`ProceedsFromRepaymentsOfShortTermDebt`	$-498.00K	USD	1 Quarter
Short-term debt, net	`ProceedsFromRepaymentsOfShortTermDebt`	$5.00M	USD	1 Quarter
Revolving Facility borrowings	`ProceedsFromLinesOfCredit`	$19.00M	USD	1 Quarter
Revolving Facility borrowings	`ProceedsFromLinesOfCredit`	$13.00M	USD	1 Quarter
Revolving Facility reductions	`RepaymentsOfLinesOfCredit`	-	USD	1 Quarter
Revolving Facility reductions	`RepaymentsOfLinesOfCredit`	$23.00M	USD	1 Quarter
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$36.00K	USD	1 Quarter
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$34.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$967.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$12.47M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$6.66M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$2.43M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$477.00K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$216.00K	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.93M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$18.48M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$9.83M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$11.61M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$6.93M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$18.48M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$9.83M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$11.61M	USD	Point-in-time
Accounts and notes receivable, net	`IncreaseDecreaseInAccountsAndNotesReceivable`	$-5.80M	USD	1 Quarter
Accounts and notes receivable, net	`IncreaseDecreaseInAccountsAndNotesReceivable`	$-14.25M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-4.87M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-2.72M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$758.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.87M	USD	1 Quarter
Change in accounts payable and accruals	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-4.59M	USD	1 Quarter
Change in accounts payable and accruals	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-3.93M	USD	1 Quarter
Increase in interest payable	`IncreaseDecreaseInInterestPayableNet`	$4.86M	USD	1 Quarter
Increase in interest payable	`IncreaseDecreaseInInterestPayableNet`	$4.82M	USD	1 Quarter
Net change in working capital	`IncreaseDecreaseInOperatingCapital`	$-16.52M	USD	1 Quarter
Net change in working capital	`IncreaseDecreaseInOperatingCapital`	$-8.65M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.