10-Q Filing

RTI INTERNATIONAL METALS INC CIK: 1068717 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001193125-12-220826`
Period End Date	20120331
Filing Date	20120509
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	rti-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 Income Statement 31 Cash Flow Statement 63 Comprehensive Income 18

Balance Sheet 78 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$954.00K	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$872.00K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$276.15M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$376.95M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$117.87M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$156.84M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Short-term investments	`ShortTermInvestments`	$164.25M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	31.07M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	30.95M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	30.20M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	30.29M	shares	Point-in-time
Receivables, less allowance for doubtful accounts of $954 and $872	`AccountsReceivableNetCurrent`	$107.18M	USD	Point-in-time
Receivables, less allowance for doubtful accounts of $954 and $872	`AccountsReceivableNetCurrent`	$95.02M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	779,375.00	shares	Point-in-time
Inventories, net	`InventoryNet`	$327.92M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	749,429.00	shares	Point-in-time
Inventories, net	`InventoryNet`	$275.06M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$18.67M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$19.39M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$10.97M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$9.93M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$719.78M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$583.34M	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$289.43M	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$361.52M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesNoncurrent`	$12.68M	USD	Point-in-time
Goodwill	`Goodwill`	$140.24M	USD	Point-in-time
Goodwill	`Goodwill`	$55.86M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$59.53M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$22.58M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$29.11M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$27.42M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$4.97M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$5.17M	USD	Point-in-time
Total assets	`Assets`	$1.13B	USD	Point-in-time
Total assets	`Assets`	$1.18B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$68.46M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$59.59M	USD	Point-in-time
Accrued wages and other employee costs	`EmployeeRelatedLiabilitiesCurrent`	$27.26M	USD	Point-in-time
Accrued wages and other employee costs	`EmployeeRelatedLiabilitiesCurrent`	$19.88M	USD	Point-in-time
Unearned revenues	`DeferredRevenueCurrent`	$40.89M	USD	Point-in-time
Unearned revenues	`DeferredRevenueCurrent`	$31.69M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$21.83M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$20.09M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$138.63M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$151.06M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$191.19M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$186.98M	USD	Point-in-time
Liability for post-retirement benefits	`PostemploymentBenefitsLiabilityNoncurrent`	$41.81M	USD	Point-in-time
Liability for post-retirement benefits	`PostemploymentBenefitsLiabilityNoncurrent`	$41.39M	USD	Point-in-time
Liability for pension benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$15.10M	USD	Point-in-time
Liability for pension benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$20.83M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$38.21M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$13.61M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$8.89M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$8.76M	USD	Point-in-time
Total liabilities	`Liabilities`	$446.26M	USD	Point-in-time
Total liabilities	`Liabilities`	$410.19M	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.01 par value; 50,000,000 shares authorized; 31,066,254 and 30,948,209 shares issued; 30,286,879 and 30,198,780 shares outstanding	`CommonStockValue`	$309.00K	USD	Point-in-time
Common stock, $0.01 par value; 50,000,000 shares authorized; 31,066,254 and 30,948,209 shares issued; 30,286,879 and 30,198,780 shares outstanding	`CommonStockValue`	$311.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$480.65M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$479.25M	USD	Point-in-time
Treasury stock, at cost; 779,375 and 749,429 shares	`TreasuryStockValue`	$18.40M	USD	Point-in-time
Treasury stock, at cost; 779,375 and 749,429 shares	`TreasuryStockValue`	$17.66M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-39.21M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-35.81M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$300.07M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$305.69M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$722.75M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$732.45M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.18B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.13B	USD	Point-in-time

Income Statement 31 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$162.85M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$120.85M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$94.84M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$127.14M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$17.46M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$21.62M	USD	1 Quarter
Research, technical, and product development expenses	`ResearchAndDevelopmentExpense`	$632.00K	USD	1 Quarter
Research, technical, and product development expenses	`ResearchAndDevelopmentExpense`	$1.06M	USD	1 Quarter
Asset and asset-related charges (income)	`AssetAndAssetRelatedChargesIncome`	$-1.50M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$13.02M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$9.42M	USD	1 Quarter
Other expense	`OtherNonoperatingIncomeExpense`	$-268.00K	USD	1 Quarter
Other expense	`OtherNonoperatingIncomeExpense`	$-569.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$225.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$82.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$4.30M	USD	1 Quarter
Interest expense	`InterestExpense`	$4.28M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$8.55M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$4.77M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.93M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.43M	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.62M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.34M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.19	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.08	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.19	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.08	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	30.00M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	30.09M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	30.20M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	30.23M	shares	1 Quarter

Cash Flow Statement 63 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$5.62M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.34M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$5.58M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$8.73M	USD	1 Quarter
Asset and asset-related charges (income)	`AssetAndAssetRelatedChargesIncomeNoncash`	$-597.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-1.23M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-1.92M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$1.38M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$1.40M	USD	1 Quarter
Excess tax benefits from stock-based compensation activity	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$61.00K	USD	1 Quarter
Excess tax benefits from stock-based compensation activity	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$102.00K	USD	1 Quarter
Gain on sale of property, plant, and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-47.00K	USD	1 Quarter
Amortization of discount on long-term debt	`AmortizationOfDebtDiscountPremium`	$2.17M	USD	1 Quarter
Amortization of discount on long-term debt	`AmortizationOfDebtDiscountPremium`	$2.35M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$68.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-116.00K	USD	1 Quarter
Receivables	`IncreaseDecreaseInAccountsReceivable`	$-4.75M	USD	1 Quarter
Receivables	`IncreaseDecreaseInAccountsReceivable`	$19.48M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-1.52M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$31.13M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-6.64M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$5.50M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-87.00K	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$1.66M	USD	1 Quarter
Unearned revenue	`IncreaseDecreaseInDeferredRevenue`	$-3.44M	USD	1 Quarter
Unearned revenue	`IncreaseDecreaseInDeferredRevenue`	$8.23M	USD	1 Quarter
Other current assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$2.40M	USD	1 Quarter
Other current assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$14.43M	USD	1 Quarter
Other assets and liabilities	`IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet`	$3.59M	USD	1 Quarter
Other assets and liabilities	`IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet`	$2.97M	USD	1 Quarter
Cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-12.96M	USD	1 Quarter
Cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-23.77M	USD	1 Quarter
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$185.63M	USD	1 Quarter
Maturity/sale of investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$176.81M	USD	1 Quarter
Maturity/sale of investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$5.00M	USD	1 Quarter
Purchase of investments	`PaymentsToAcquireInvestments`	$38.00K	USD	1 Quarter
Purchase of investments	`PaymentsToAcquireInvestments`	$72.61M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$17.13M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$10.14M	USD	1 Quarter
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-25.99M	USD	1 Quarter
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-77.75M	USD	1 Quarter
Proceeds from exercise of employee stock options	`ProceedsFromStockOptionsExercised`	$120.00K	USD	1 Quarter
Proceeds from exercise of employee stock options	`ProceedsFromStockOptionsExercised`	$154.00K	USD	1 Quarter
Excess tax benefits from stock-based compensation activity	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$61.00K	USD	1 Quarter
Excess tax benefits from stock-based compensation activity	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$102.00K	USD	1 Quarter
Repayments on long-term debt	`RepaymentsOfLongTermDebt`	$3.00K	USD	1 Quarter
Repayments on long-term debt	`RepaymentsOfLongTermDebt`	$97.00K	USD	1 Quarter
Purchase of common stock held in treasury	`PaymentsForRepurchaseOfCommonStock`	$283.00K	USD	1 Quarter
Purchase of common stock held in treasury	`PaymentsForRepurchaseOfCommonStock`	$742.00K	USD	1 Quarter
Cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-658.00K	USD	1 Quarter
Cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-30.00K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$637.00K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$757.00K	USD	1 Quarter
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-38.97M	USD	1 Quarter
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-100.80M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$276.15M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$376.95M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$117.87M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$156.84M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$276.15M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$376.95M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$117.87M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$156.84M	USD	Point-in-time

Comprehensive Income 18 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$5.62M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.34M	USD	1 Quarter
Unrealized loss on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$-45.00K	USD	1 Quarter
Unrealized loss on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	-	USD	1 Quarter
Realized loss on investment	`OtherComprehensiveIncomeRealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	-	USD	1 Quarter
Realized loss on investment	`OtherComprehensiveIncomeRealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$4.00K	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease`	$-3.70M	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease`	$-2.19M	USD	1 Quarter
Benefit plan amortization	`OtherComprehensiveIncomeLossAmortizationPensionAndOtherPostretirementBenefitPlansNetPriorServiceCostRecognizedInNetPeriodicPensionCostTaxEffect`	$725.00K	USD	1 Quarter
Benefit plan amortization	`OtherComprehensiveIncomeLossAmortizationPensionAndOtherPostretirementBenefitPlansNetPriorServiceCostRecognizedInNetPeriodicPensionCostTaxEffect`	$490.00K	USD	1 Quarter
Unrealized loss on investments, net of tax of $0, and $(45)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-84.00K	USD	1 Quarter
Realized loss on investment, net of tax of $4, and $0	`OtherComprehensiveIncomeRealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$8.00K	USD	1 Quarter
Benefit plan amortization, net of tax of $725 and $490	`OtherComprehensiveIncomeAmortizationOfDefinedBenefitPlanNetPriorServiceCostRecognizedInNetPeriodicPensionCostNetOfTax`	$909.00K	USD	1 Quarter
Benefit plan amortization, net of tax of $725 and $490	`OtherComprehensiveIncomeAmortizationOfDefinedBenefitPlanNetPriorServiceCostRecognizedInNetPeriodicPensionCostNetOfTax`	$1.20M	USD	1 Quarter
Other comprehensive income, net of tax	`OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease`	$3.40M	USD	1 Quarter
Other comprehensive income, net of tax	`OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease`	$4.53M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$6.87M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$9.03M	USD	1 Quarter

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