10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001193125-11-127664 |
| Period End Date | 20110331 |
| Filing Date | 20110505 |
| Fiscal Year | 2011 |
| Fiscal Period | Q1 |
| XBRL Instance | tie-20110331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
69 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$169.40M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$283.40M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$211.50M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$83.10M | USD | Point-in-time |
| Marketable securities |
MarketableSecuritiesCurrent
|
$206.20M | USD | Point-in-time |
| Accounts and other receivables |
ReceivablesNetCurrent
|
$150.30M | USD | Point-in-time |
| Accounts and other receivables |
ReceivablesNetCurrent
|
$123.00M | USD | Point-in-time |
| Notes receivable from affiliates |
DueFromRelatedPartiesCurrent
|
$24.70M | USD | Point-in-time |
| Notes receivable from affiliates |
DueFromRelatedPartiesCurrent
|
$22.40M | USD | Point-in-time |
| Inventories |
InventoryNet
|
$512.10M | USD | Point-in-time |
| Inventories |
InventoryNet
|
$470.70M | USD | Point-in-time |
| Refundable income taxes |
IncomeTaxesReceivable
|
$1.10M | USD | Point-in-time |
| Refundable income taxes |
IncomeTaxesReceivable
|
$3.00M | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxAssetsNetCurrent
|
$28.10M | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxAssetsNetCurrent
|
$28.60M | USD | Point-in-time |
| Other |
OtherAssetsCurrent
|
$12.20M | USD | Point-in-time |
| Other |
OtherAssetsCurrent
|
$7.80M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$940.70M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$1.02B | USD | Point-in-time |
| Marketable securities |
MarketableSecuritiesNoncurrent
|
$38.10M | USD | Point-in-time |
| Marketable securities |
MarketableSecuritiesNoncurrent
|
$47.60M | USD | Point-in-time |
| Notes receivable from affiliates |
DueFromRelatedPartiesNoncurrent
|
$41.20M | USD | Point-in-time |
| Notes receivable from affiliates |
DueFromRelatedPartiesNoncurrent
|
$37.00M | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$379.10M | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$381.60M | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxAssetsNetNoncurrent
|
$20.30M | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxAssetsNetNoncurrent
|
$21.30M | USD | Point-in-time |
| Other |
OtherAssetsNoncurrent
|
$79.20M | USD | Point-in-time |
| Other |
OtherAssetsNoncurrent
|
$75.10M | USD | Point-in-time |
| Total assets |
Assets
|
$1.50B | USD | Point-in-time |
| Total assets |
Assets
|
$1.58B | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$52.30M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$72.30M | USD | Point-in-time |
| Accrued and other current liabilities |
AccruedLiabilitiesCurrent
|
$67.30M | USD | Point-in-time |
| Accrued and other current liabilities |
AccruedLiabilitiesCurrent
|
$66.70M | USD | Point-in-time |
| Income taxes payable |
AccruedIncomeTaxesCurrent
|
$2.60M | USD | Point-in-time |
| Income taxes payable |
AccruedIncomeTaxesCurrent
|
$12.60M | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxLiabilitiesCurrent
|
$800.00K | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxLiabilitiesCurrent
|
$600.00K | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$122.80M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$152.40M | USD | Point-in-time |
| Accrued OPEB cost |
OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent
|
$19.30M | USD | Point-in-time |
| Accrued OPEB cost |
OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent
|
$19.10M | USD | Point-in-time |
| Accrued pension cost |
DefinedBenefitPensionPlanLiabilitiesNoncurrent
|
$85.30M | USD | Point-in-time |
| Accrued pension cost |
DefinedBenefitPensionPlanLiabilitiesNoncurrent
|
$84.90M | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxLiabilitiesNoncurrent
|
$38.80M | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxLiabilitiesNoncurrent
|
$34.00M | USD | Point-in-time |
| Other |
OtherLiabilitiesNoncurrent
|
$10.80M | USD | Point-in-time |
| Other |
OtherLiabilitiesNoncurrent
|
$11.10M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$306.20M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$272.30M | USD | Point-in-time |
| Series A Preferred Stock |
PreferredStockValue
|
$700.00K | USD | Point-in-time |
| Series A Preferred Stock |
PreferredStockValue
|
$700.00K | USD | Point-in-time |
| Common stock |
CommonStockValue
|
$1.80M | USD | Point-in-time |
| Common stock |
CommonStockValue
|
$1.80M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$507.80M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$507.80M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$811.60M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$840.50M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-95.30M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-112.00M | USD | Point-in-time |
| Total TIMET stockholders' equity |
StockholdersEquity
|
$1.21B | USD | Point-in-time |
| Total TIMET stockholders' equity |
StockholdersEquity
|
$1.26B | USD | Point-in-time |
| Noncontrolling interest in subsidiary |
MinorityInterest
|
$15.80M | USD | Point-in-time |
| Noncontrolling interest in subsidiary |
MinorityInterest
|
$17.50M | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.27B | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.23B | USD | Point-in-time |
| Total liabilities and equity |
LiabilitiesAndStockholdersEquity
|
$1.50B | USD | Point-in-time |
| Total liabilities and equity |
LiabilitiesAndStockholdersEquity
|
$1.58B | USD | Point-in-time |
Income Statement
32 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net sales |
SalesRevenueNet
|
$217.50M | USD | 1 Quarter |
| Net sales |
SalesRevenueNet
|
$252.00M | USD | 1 Quarter |
| Cost of sales |
CostOfGoodsSold
|
$203.80M | USD | 1 Quarter |
| Cost of sales |
CostOfGoodsSold
|
$179.70M | USD | 1 Quarter |
| Gross margin |
GrossProfit
|
$37.80M | USD | 1 Quarter |
| Gross margin |
GrossProfit
|
$48.20M | USD | 1 Quarter |
| Selling, general, administrative and development expense |
SellingGeneralAndAdministrativeExpense
|
$14.80M | USD | 1 Quarter |
| Selling, general, administrative and development expense |
SellingGeneralAndAdministrativeExpense
|
$13.60M | USD | 1 Quarter |
| Other income, net |
OtherOperatingIncomeExpenseNet
|
$11.60M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$45.00M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$24.20M | USD | 1 Quarter |
| Other non-operating income (expense), net |
OtherNonoperatingIncomeExpense
|
$3.00M | USD | 1 Quarter |
| Other non-operating income (expense), net |
OtherNonoperatingIncomeExpense
|
$-400.00K | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$27.20M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$44.60M | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$14.90M | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$9.90M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$29.70M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$17.30M | USD | 1 Quarter |
| Noncontrolling interest in net income of subsidiary |
NetIncomeLossAttributableToNoncontrollingInterest
|
$500.00K | USD | 1 Quarter |
| Noncontrolling interest in net income of subsidiary |
NetIncomeLossAttributableToNoncontrollingInterest
|
$800.00K | USD | 1 Quarter |
| Net income attributable to TIMET stockholders |
NetIncomeLoss
|
$28.90M | USD | 1 Quarter |
| Net income attributable to TIMET stockholders |
NetIncomeLoss
|
$16.80M | USD | 1 Quarter |
| Dividends on Series A Preferred Stock |
PreferredStockDividendsAndOtherAdjustments
|
$100.00K | USD | 1 Quarter |
| Net income attributable to TIMET common stockholders |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$28.90M | USD | 1 Quarter |
| Net income attributable to TIMET common stockholders |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$16.70M | USD | 1 Quarter |
| Basic and diluted earnings per share attributable to TIMET common stockholders |
EarningsPerShareBasicAndDiluted
|
$0.16 | USD | 1 Quarter |
| Basic and diluted earnings per share attributable to TIMET common stockholders |
EarningsPerShareBasicAndDiluted
|
$0.09 | USD | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
180.20M | shares | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
179.60M | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
180.40M | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
180.60M | shares | 1 Quarter |
Cash Flow Statement
53 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
ProfitLoss
|
$29.70M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$17.30M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$13.10M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$12.30M | USD | 1 Quarter |
| Gain on settlement |
GainOnSettlement
|
$-10.60M | USD | 1 Quarter |
| Gain on sale of marketable securities |
MarketableSecuritiesRealizedGainLoss
|
$1.30M | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$1.90M | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$600.00K | USD | 1 Quarter |
| Other, net |
AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesOther
|
$900.00K | USD | 1 Quarter |
| Other, net |
AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesOther
|
$1.40M | USD | 1 Quarter |
| Receivables |
IncreaseDecreaseInAccountsReceivable
|
$28.50M | USD | 1 Quarter |
| Receivables |
IncreaseDecreaseInAccountsReceivable
|
$25.10M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$36.50M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$-36.80M | USD | 1 Quarter |
| Accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-2.40M | USD | 1 Quarter |
| Accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$14.70M | USD | 1 Quarter |
| Income taxes |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$8.80M | USD | 1 Quarter |
| Income taxes |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$11.90M | USD | 1 Quarter |
| Other, net |
IncreaseDecreaseInOtherOperatingCapitalNet
|
$-5.20M | USD | 1 Quarter |
| Other, net |
IncreaseDecreaseInOtherOperatingCapitalNet
|
$4.60M | USD | 1 Quarter |
| Net cash provided (used) by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$51.80M | USD | 1 Quarter |
| Net cash provided (used) by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-6.20M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$2.40M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$7.60M | USD | 1 Quarter |
| Purchases |
PaymentsToAcquireMarketableSecurities
|
$205.90M | USD | 1 Quarter |
| Proceeds from sale |
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
$13.20M | USD | 1 Quarter |
| Loans |
OriginationOfNotesReceivableFromRelatedParties
|
$31.20M | USD | 1 Quarter |
| Loans |
OriginationOfNotesReceivableFromRelatedParties
|
$24.80M | USD | 1 Quarter |
| Collections of principal payments |
RepaymentOfNotesReceivableFromRelatedParties
|
$30.50M | USD | 1 Quarter |
| Collections of principal payments |
RepaymentOfNotesReceivableFromRelatedParties
|
$27.10M | USD | 1 Quarter |
| Other, net |
PaymentsForProceedsFromOtherInvestingActivities
|
$2.00M | USD | 1 Quarter |
| Other, net |
PaymentsForProceedsFromOtherInvestingActivities
|
$100.00K | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-196.60M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-6.60M | USD | 1 Quarter |
| Treasury stock purchases |
PaymentsForRepurchaseOfCommonStock
|
$1.30M | USD | 1 Quarter |
| Other, net |
ProceedsFromPaymentsForOtherFinancingActivities
|
$-100.00K | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-1.40M | USD | 1 Quarter |
| Net cash provided (used) by operating, investing and financing activities: |
NetCashUsedInProvidedByOperatingInvestingAndFinancingActivities
|
$43.80M | USD | 1 Quarter |
| Net cash provided (used) by operating, investing and financing activities: |
NetCashUsedInProvidedByOperatingInvestingAndFinancingActivities
|
$-202.80M | USD | 1 Quarter |
| Effect of exchange rate changes on cash |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$-1.70M | USD | 1 Quarter |
| Effect of exchange rate changes on cash |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$2.50M | USD | 1 Quarter |
| Net cash provided (used) during period |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$42.10M | USD | 1 Quarter |
| Net cash provided (used) during period |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-200.30M | USD | 1 Quarter |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$169.40M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$283.40M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$211.50M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$83.10M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$169.40M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$283.40M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$211.50M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$83.10M | USD | Point-in-time |
| Income taxes |
IncomeTaxesPaidNet
|
$1.10M | USD | 1 Quarter |
| Income taxes |
IncomeTaxesPaidNet
|
$500.00K | USD | 1 Quarter |
Stockholders Equity
7 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.27B | USD | Point-in-time |
| Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.23B | USD | Point-in-time |
| Net income |
ProfitLoss
|
$29.70M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$17.30M | USD | 1 Quarter |
| Other comprehensive income |
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease
|
$17.60M | USD | 1 Quarter |
| Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.27B | USD | Point-in-time |
| Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.23B | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.