10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001193125-12-217167 |
| Period End Date | 20120331 |
| Filing Date | 20120508 |
| Fiscal Year | 2012 |
| Fiscal Period | Q1 |
| XBRL Instance | tie-20120331.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
|
$47.30M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$83.10M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$283.40M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$39.40M | USD | Point-in-time |
| Accounts and other receivables |
AccountsReceivableNetCurrent
|
$180.40M | USD | Point-in-time |
| Accounts and other receivables |
AccountsReceivableNetCurrent
|
$156.10M | USD | Point-in-time |
| Notes receivable from affiliates |
DueFromRelatedPartiesCurrent
|
$13.80M | USD | Point-in-time |
| Notes receivable from affiliates |
DueFromRelatedPartiesCurrent
|
$27.00M | USD | Point-in-time |
| Inventories |
InventoryNet
|
$677.50M | USD | Point-in-time |
| Inventories |
InventoryNet
|
$739.10M | USD | Point-in-time |
| Refundable income taxes |
IncomeTaxesReceivable
|
$300.00K | USD | Point-in-time |
| Refundable income taxes |
IncomeTaxesReceivable
|
$800.00K | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxAssetsNetCurrent
|
$41.10M | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxAssetsNetCurrent
|
$40.80M | USD | Point-in-time |
| Other |
OtherAssetsCurrent
|
$10.00M | USD | Point-in-time |
| Other |
OtherAssetsCurrent
|
$7.00M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$1.02B | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$959.50M | USD | Point-in-time |
| Marketable securities |
MarketableSecuritiesNoncurrent
|
$138.00M | USD | Point-in-time |
| Marketable securities |
MarketableSecuritiesNoncurrent
|
$125.20M | USD | Point-in-time |
| Notes receivable from affiliates |
DueFromRelatedPartiesNoncurrent
|
$21.20M | USD | Point-in-time |
| Notes receivable from affiliates |
DueFromRelatedPartiesNoncurrent
|
$20.20M | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$385.20M | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$385.80M | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxAssetsNetNoncurrent
|
$22.80M | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxAssetsNetNoncurrent
|
$21.50M | USD | Point-in-time |
| Other |
OtherAssetsNoncurrent
|
$94.70M | USD | Point-in-time |
| Other |
OtherAssetsNoncurrent
|
$98.90M | USD | Point-in-time |
| Total assets |
Assets
|
$1.67B | USD | Point-in-time |
| Total assets |
Assets
|
$1.62B | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$84.90M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$88.00M | USD | Point-in-time |
| Accrued and other current liabilities |
AccruedLiabilitiesCurrent
|
$83.20M | USD | Point-in-time |
| Accrued and other current liabilities |
AccruedLiabilitiesCurrent
|
$88.40M | USD | Point-in-time |
| Income taxes payable |
AccruedIncomeTaxesCurrent
|
$19.80M | USD | Point-in-time |
| Income taxes payable |
AccruedIncomeTaxesCurrent
|
$9.30M | USD | Point-in-time |
| Current maturities of long-term debt |
LongTermDebtCurrent
|
$500.00K | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$182.60M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$191.50M | USD | Point-in-time |
| Long-term debt |
LongTermDebtNoncurrent
|
$31.00M | USD | Point-in-time |
| Long-term debt |
LongTermDebtNoncurrent
|
$2.50M | USD | Point-in-time |
| Accrued OPEB cost |
OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent
|
$10.80M | USD | Point-in-time |
| Accrued OPEB cost |
OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent
|
$10.70M | USD | Point-in-time |
| Accrued pension cost |
DefinedBenefitPensionPlanLiabilitiesNoncurrent
|
$110.00M | USD | Point-in-time |
| Accrued pension cost |
DefinedBenefitPensionPlanLiabilitiesNoncurrent
|
$110.50M | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxLiabilitiesNoncurrent
|
$75.20M | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxLiabilitiesNoncurrent
|
$70.80M | USD | Point-in-time |
| Other |
OtherLiabilitiesNoncurrent
|
$9.50M | USD | Point-in-time |
| Other |
OtherLiabilitiesNoncurrent
|
$9.60M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$424.10M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$390.60M | 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
|
$428.00M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$428.00M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$898.20M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$885.70M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-95.10M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-97.20M | USD | Point-in-time |
| Total TIMET stockholders' equity |
StockholdersEquity
|
$1.22B | USD | Point-in-time |
| Total TIMET stockholders' equity |
StockholdersEquity
|
$1.23B | USD | Point-in-time |
| Noncontrolling interest in subsidiary |
MinorityInterest
|
$13.10M | USD | Point-in-time |
| Noncontrolling interest in subsidiary |
MinorityInterest
|
$15.10M | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.23B | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.25B | USD | Point-in-time |
| Total liabilities and equity |
LiabilitiesAndStockholdersEquity
|
$1.62B | USD | Point-in-time |
| Total liabilities and equity |
LiabilitiesAndStockholdersEquity
|
$1.67B | USD | Point-in-time |
| Commitments and contingencies (Note 13) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingencies (Note 13) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
Income Statement
31 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net sales |
SalesRevenueNet
|
$276.70M | USD | 1 Quarter |
| Net sales |
SalesRevenueNet
|
$252.00M | USD | 1 Quarter |
| Cost of sales |
CostOfGoodsSold
|
$203.80M | USD | 1 Quarter |
| Cost of sales |
CostOfGoodsSold
|
$218.30M | USD | 1 Quarter |
| Gross margin |
GrossProfit
|
$58.40M | USD | 1 Quarter |
| Gross margin |
GrossProfit
|
$48.20M | USD | 1 Quarter |
| Selling, general, administrative and development expense |
SellingGeneralAndAdministrativeExpense
|
$17.20M | USD | 1 Quarter |
| Selling, general, administrative and development expense |
SellingGeneralAndAdministrativeExpense
|
$14.80M | USD | 1 Quarter |
| Other income, net |
OtherOperatingIncomeExpenseNet
|
$11.60M | USD | 1 Quarter |
| Other income, net |
OtherOperatingIncomeExpenseNet
|
$900.00K | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$42.10M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$45.00M | USD | 1 Quarter |
| Other non-operating expense, net |
OtherNonoperatingIncomeExpense
|
$-1.60M | USD | 1 Quarter |
| Other non-operating expense, net |
OtherNonoperatingIncomeExpense
|
$-400.00K | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$40.50M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$44.60M | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$13.40M | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$14.90M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$29.70M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$27.10M | USD | 1 Quarter |
| Noncontrolling interest in net income of subsidiary |
NetIncomeLossAttributableToNoncontrollingInterest
|
$1.50M | 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
|
$25.60M | USD | 1 Quarter |
| Basic and diluted earnings per share attributable to TIMET stockholders |
EarningsPerShareBasicAndDiluted
|
$0.15 | USD | 1 Quarter |
| Basic and diluted earnings per share attributable to TIMET stockholders |
EarningsPerShareBasicAndDiluted
|
$0.16 | USD | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
175.20M | shares | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
180.20M | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
180.40M | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
175.20M | shares | 1 Quarter |
| Cash dividends per common share |
CommonStockDividendsPerShareCashPaid
|
$0.07 | USD | 1 Quarter |
Cash Flow Statement
52 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
ProfitLoss
|
$29.70M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$27.10M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$12.30M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$13.20M | USD | 1 Quarter |
| Gain on settlement |
GainOnSettlement
|
$-10.60M | USD | 1 Quarter |
| Deferred income taxes |
IncreaseDecreaseInDeferredIncomeTaxes
|
$-1.30M | USD | 1 Quarter |
| Deferred income taxes |
IncreaseDecreaseInDeferredIncomeTaxes
|
$-1.90M | USD | 1 Quarter |
| Other, net |
OtherNoncashIncomeExpense
|
$-100.00K | USD | 1 Quarter |
| Other, net |
OtherNoncashIncomeExpense
|
$-1.20M | USD | 1 Quarter |
| Receivables |
IncreaseDecreaseInAccountsReceivable
|
$25.10M | USD | 1 Quarter |
| Receivables |
IncreaseDecreaseInAccountsReceivable
|
$21.10M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$55.00M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$36.50M | USD | 1 Quarter |
| Accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$14.70M | USD | 1 Quarter |
| Accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-4.10M | USD | 1 Quarter |
| Income taxes |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$10.60M | USD | 1 Quarter |
| Income taxes |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$11.90M | USD | 1 Quarter |
| Other, net |
IncreaseDecreaseInOtherOperatingCapitalNet
|
$4.60M | USD | 1 Quarter |
| Other, net |
IncreaseDecreaseInOtherOperatingCapitalNet
|
$6.70M | USD | 1 Quarter |
| Net cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-6.20M | USD | 1 Quarter |
| Net cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-33.50M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$7.60M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$9.70M | USD | 1 Quarter |
| Purchases of mutual funds and other |
PaymentsToAcquireMarketableSecurities
|
$205.90M | USD | 1 Quarter |
| Proceeds from the sale of mutual funds and other |
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
$13.20M | USD | 1 Quarter |
| Proceeds from the sale of mutual funds and other |
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
$100.00K | USD | 1 Quarter |
| Loans |
PaymentsToFundLongtermLoansToRelatedParties
|
$24.80M | USD | 1 Quarter |
| Loans |
PaymentsToFundLongtermLoansToRelatedParties
|
$16.40M | USD | 1 Quarter |
| Collections of principal payments |
ProceedsFromCollectionOfLongtermLoansToRelatedParties
|
$30.70M | USD | 1 Quarter |
| Collections of principal payments |
ProceedsFromCollectionOfLongtermLoansToRelatedParties
|
$30.50M | USD | 1 Quarter |
| Other, net |
PaymentsForProceedsFromOtherInvestingActivities
|
$2.00M | USD | 1 Quarter |
| Other, net |
PaymentsForProceedsFromOtherInvestingActivities
|
$-3.80M | USD | 1 Quarter |
| Net cash (used in) provided by investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-196.60M | USD | 1 Quarter |
| Net cash (used in) provided by investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$8.50M | USD | 1 Quarter |
| Borrowings |
ProceedsFromIssuanceOfLongTermDebt
|
$63.10M | USD | 1 Quarter |
| Repayments |
RepaymentsOfDebt
|
$34.10M | USD | 1 Quarter |
| Common stock dividends |
PaymentsOfDividendsCommonStock
|
$13.10M | USD | 1 Quarter |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$15.90M | USD | 1 Quarter |
| Effect of exchange rate changes on cash |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$1.20M | USD | 1 Quarter |
| Effect of exchange rate changes on cash |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$2.50M | USD | 1 Quarter |
| Net cash used during period |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-7.90M | USD | 1 Quarter |
| Net cash used during period |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-200.30M | USD | 1 Quarter |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$47.30M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$83.10M | 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
|
$39.40M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$47.30M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$83.10M | 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
|
$39.40M | USD | Point-in-time |
| Supplemental disclosures of cash paid for income taxes |
IncomeTaxesPaidNet
|
$1.50M | USD | 1 Quarter |
| Supplemental disclosures of cash paid for income taxes |
IncomeTaxesPaidNet
|
$1.10M | USD | 1 Quarter |
Stockholders Equity
9 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.23B | USD | Point-in-time |
| Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.25B | USD | Point-in-time |
| Net income |
ProfitLoss
|
$29.70M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$27.10M | USD | 1 Quarter |
| Other comprehensive income |
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease
|
$17.60M | USD | 1 Quarter |
| Other comprehensive income |
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease
|
$2.60M | USD | 1 Quarter |
| Common stock dividends |
DividendsCommonStockCash
|
$13.10M | USD | 1 Quarter |
| Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.23B | USD | Point-in-time |
| Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.25B | USD | Point-in-time |
Comprehensive Income
14 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
ProfitLoss
|
$29.70M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$27.10M | USD | 1 Quarter |
| Currency translation adjustment |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease
|
$9.60M | USD | 1 Quarter |
| Currency translation adjustment |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease
|
$9.80M | USD | 1 Quarter |
| Unrealized gain (loss) on marketable securities |
AvailableForSaleSecuritiesChangeInNetUnrealizedHoldingGainLossNetOfTax
|
$6.50M | USD | 1 Quarter |
| Unrealized gain (loss) on marketable securities |
AvailableForSaleSecuritiesChangeInNetUnrealizedHoldingGainLossNetOfTax
|
$-8.30M | USD | 1 Quarter |
| Total other comprehensive income |
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease
|
$17.60M | USD | 1 Quarter |
| Total other comprehensive income |
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease
|
$2.60M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$29.70M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$47.30M | USD | 1 Quarter |
| Comprehensive income attributable to noncontrolling interest |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$1.70M | USD | 1 Quarter |
| Comprehensive income attributable to noncontrolling interest |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$2.00M | USD | 1 Quarter |
| Comprehensive income attributable to TIMET stockholders |
ComprehensiveIncomeNetOfTax
|
$27.70M | USD | 1 Quarter |
| Comprehensive income attributable to TIMET stockholders |
ComprehensiveIncomeNetOfTax
|
$45.60M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.