10-Q Filing

GRAFTECH INTERNATIONAL LTD CIK: 931148 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0000931148-18-000008`
Period End Date	20180331
Filing Date	20180507
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	gti-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 45 Cash Flow Statement 66

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Accounts and notes receivable, net of allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivable`	$994.00K	USD	Point-in-time
Accounts and notes receivable, net of allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivable`	$1.10M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.61M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$18.48M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$13.37M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$138.37M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	300.00M	shares	Point-in-time
Accounts and notes receivable, net of allowance for doubtful accounts of $326 as of December 31, 2016 and $367 as of June 30, 2017	`AccountsNotesAndLoansReceivableNetCurrent`	$252.22M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	300.00M	shares	Point-in-time
Accounts and notes receivable, net of allowance for doubtful accounts of $326 as of December 31, 2016 and $367 as of June 30, 2017	`AccountsNotesAndLoansReceivableNetCurrent`	$116.84M	USD	Point-in-time
Inventories	`InventoryNet`	$174.15M	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
Inventories	`InventoryNet`	$202.52M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$35.56M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$44.87M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	3.00B	shares	Point-in-time
Current assets of discontinued operations	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$2.41M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	3.00B	shares	Point-in-time
Current assets of discontinued operations	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$5.31M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$631.08M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	302.23M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	302.23M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$354.54M	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$662.00M	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$642.65M	USD	Point-in-time
Less: accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$129.81M	USD	Point-in-time
Less: accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$143.86M	USD	Point-in-time
Net property, plant and equipment	`PropertyPlantAndEquipmentNet`	$518.14M	USD	Point-in-time
Net property, plant and equipment	`PropertyPlantAndEquipmentNet`	$512.84M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$19.68M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$30.77M	USD	Point-in-time
Goodwill	`Goodwill`	$171.12M	USD	Point-in-time
Goodwill	`Goodwill`	$171.12M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$129.84M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$127.17M	USD	Point-in-time
Total assets	`Assets`	$1.47B	USD	Point-in-time
Total assets	`Assets`	$1.20B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$69.11M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$79.18M	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$52.39M	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$16.47M	USD	Point-in-time
Accrued income and other taxes	`TaxesPayableCurrent`	$22.45M	USD	Point-in-time
Accrued income and other taxes	`TaxesPayableCurrent`	$9.74M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$32.51M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$53.23M	USD	Point-in-time
Short-term liabilities of discontinued operations	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$3.41M	USD	Point-in-time
Short-term liabilities of discontinued operations	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$2.85M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$189.38M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$151.96M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.42B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$322.90M	USD	Point-in-time
Other long-term obligations	`OtherLiabilitiesNoncurrent`	$80.18M	USD	Point-in-time
Other long-term obligations	`OtherLiabilitiesNoncurrent`	$68.91M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$41.75M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$52.17M	USD	Point-in-time
Disposal Group, Including Discontinued Operation, Liabilities, Noncurrent	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent`	$376.00K	USD	Point-in-time
Disposal Group, Including Discontinued Operation, Liabilities, Noncurrent	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent`	$376.00K	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 June 30, 2017	`CommonStockValue`	$3.02M	USD	Point-in-time
Common stock, par value $.01, 225,000,000 shares authorized, 100 shares issued as of December 31, 2016 and June 30, 2017	`CommonStockValue`	$3.02M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$851.32M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$851.32M	USD	Point-in-time
Accumulated other comprehensive (loss) income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$20.29M	USD	Point-in-time
Accumulated other comprehensive (loss) income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$19.22M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.15B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-261.41M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$613.22M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$-276.19M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.20B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.47B	USD	Point-in-time

Income Statement 45 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$104.74M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$451.90M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$103.45M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$145.15M	USD	1 Quarter
Lower of cost or market inventory adjustment	`InventoryWriteDown`	$1.30M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.29M	USD	1 Quarter
Gross profit	`GrossProfit`	$306.75M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$820.00K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$429.00K	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$11.66M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$15.88M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-11.19M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$290.44M	USD	1 Quarter
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$-3.30M	USD	1 Quarter
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$-2.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$7.55M	USD	1 Quarter
Interest expense	`InterestExpense`	$37.87M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$123.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$115.00K	USD	1 Quarter
Loss from continuing operations before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-21.92M	USD	1 Quarter
Loss from continuing operations before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$250.69M	USD	1 Quarter
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$361.00K	USD	1 Quarter
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$28.64M	USD	1 Quarter
Net income (loss) from continuing operations	`IncomeLossFromContinuingOperations`	$222.05M	USD	1 Quarter
Net income (loss) from continuing operations	`IncomeLossFromContinuingOperations`	$-22.28M	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`	$1.63M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-26.34M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$223.67M	USD	1 Quarter
Net income (loss) per share (usd per share)	`EarningsPerShareBasicAndDiluted`	$0.74	USD	1 Quarter
Net income (loss) per share (usd per share)	`EarningsPerShareBasicAndDiluted`	$-0.09	USD	1 Quarter
Income (loss) from continuing operations per common share (usd per share)	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.07	USD	1 Quarter
Income (loss) from continuing operations per common share (usd per share)	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$0.73	USD	1 Quarter
Weighted average common shares outstanding (shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	302.23M	shares	1 Quarter
Weighted average common shares outstanding (shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	302.23M	shares	1 Quarter
Net loss	`NetIncomeLoss`	$-26.34M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$223.67M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$4.84M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$5.04M	USD	1 Quarter
Commodities and foreign currency derivatives and other, net of tax of $10, $13 and $(12), respectively	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	-	USD	1 Quarter
Commodities and foreign currency derivatives and other, net of tax of $10, $13 and $(12), respectively	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$-6.11M	USD	1 Quarter
Other comprehensive (loss) income, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$4.84M	USD	1 Quarter
Other comprehensive (loss) income, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-1.07M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-21.50M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$222.60M	USD	1 Quarter

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-26.34M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$223.67M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$17.31M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$16.33M	USD	1 Quarter
Impairments	`ImpairmentOfLongLivedAssetsToBeDisposedOf`	$2.50M	USD	1 Quarter
Impairments	`ImpairmentOfLongLivedAssetsToBeDisposedOf`	-	USD	1 Quarter
Deferred income tax provision	`DeferredIncomeTaxExpenseBenefit`	$19.79M	USD	1 Quarter
Deferred income tax provision	`DeferredIncomeTaxExpenseBenefit`	$-761.00K	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-23.83M	USD	1 Quarter
Interest expense	`PaidInKindInterest`	$1.13M	USD	1 Quarter
Interest expense	`PaidInKindInterest`	$1.69M	USD	1 Quarter
Other charges, net	`OtherNoncashIncomeExpense`	$-2.57M	USD	1 Quarter
Other charges, net	`OtherNoncashIncomeExpense`	$-1.50M	USD	1 Quarter
Net change in working capital	`IncreaseDecreaseInOperatingCapital`	$150.53M	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`	$-3.76M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$140.55M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.82M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.00M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$14.03M	USD	1 Quarter
Proceeds from the sale of assets	`ProceedsFromSaleOfProductiveAssets`	$368.00K	USD	1 Quarter
Proceeds from the sale of assets	`ProceedsFromSaleOfProductiveAssets`	$736.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-13.29M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.63M	USD	1 Quarter
Short-term debt, net	`ProceedsFromRepaymentsOfShortTermDebt`	$-534.00K	USD	1 Quarter
Short-term debt, net	`ProceedsFromRepaymentsOfShortTermDebt`	$-12.54M	USD	1 Quarter
Revolving Facility borrowings	`ProceedsFromLinesOfCredit`	-	USD	1 Quarter
Revolving Facility borrowings	`ProceedsFromLinesOfCredit`	$13.00M	USD	1 Quarter
Revolving Facility reductions	`RepaymentsOfLinesOfCredit`	-	USD	1 Quarter
Revolving Facility reductions	`RepaymentsOfLinesOfCredit`	$45.69M	USD	1 Quarter
Revolving Facility refinancing fees	`PaymentsOfFinancingCosts`	-	USD	1 Quarter
Revolving Facility refinancing fees	`PaymentsOfFinancingCosts`	$20.09M	USD	1 Quarter
Proceeds from Issuance of Secured Debt	`ProceedsFromIssuanceOfSecuredDebt`	-	USD	1 Quarter
Proceeds from Issuance of Secured Debt	`ProceedsFromIssuanceOfSecuredDebt`	$1.49B	USD	1 Quarter
Early Repayment of Subordinated Debt	`EarlyRepaymentOfSubordinatedDebt`	-	USD	1 Quarter
Early Repayment of Subordinated Debt	`EarlyRepaymentOfSubordinatedDebt`	$304.78M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$1.11B	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$12.47M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.60M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$6.66M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$124.66M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$344.00K	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`	$11.61M	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`	$13.37M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$138.37M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$11.61M	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`	$13.37M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$138.37M	USD	Point-in-time
Accounts and notes receivable, net	`IncreaseDecreaseInAccountsAndNotesReceivable`	$132.79M	USD	1 Quarter
Accounts and notes receivable, net	`IncreaseDecreaseInAccountsAndNotesReceivable`	$-5.80M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-2.72M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$28.68M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-10.75M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$758.00K	USD	1 Quarter
Change in accounts payable and accruals	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.69M	USD	1 Quarter
Change in accounts payable and accruals	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-3.93M	USD	1 Quarter
Increase in interest payable	`IncreaseDecreaseInInterestPayableNet`	$1.89M	USD	1 Quarter
Increase in interest payable	`IncreaseDecreaseInInterestPayableNet`	$4.82M	USD	1 Quarter
Net change in working capital	`IncreaseDecreaseInOperatingCapital`	$150.53M	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.