Supplemental Guarantor Condensed Consolidating Financial Statements (Tables)

12 Months Ended

Dec. 31, 2011

Supplemental Guarantor Condensed Consolidating Financial Statements -9.25% Notes [Abstract]

Supplemental Guarantor Consolidating Income Statement [Table Text Block]



Condensed Consolidating Statements of Operations

2011	Holdings		AAM Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Elims			Consolidated
	(in millions)
Net sales
External	$	—	$	777.7		$	195.3		$	1,612.0		$	—		$	2,585.0
Intercompany	—		25.1			189.8			12.7			(227.6		)	—
Total net sales	—		802.8			385.1			1,624.7			(227.6		)	2,585.0
Cost of goods sold	—		727.0			334.2			1,296.3			(227.6		)	2,129.9
Gross profit	—		75.8			50.9			328.4			—			455.1
Selling, general and administrative expenses	—		192.0			—			39.7			—			231.7
Operating income (loss)	—		(116.2		)	50.9			288.7			—			223.4
Non-operating income (expense), net	—		(91.8		)	1.0			5.5			—			(85.3		)
Income (loss) before income taxes	—		(208.0		)	51.9			294.2			—			138.1
Income tax expense (benefit)	—		(5.2		)	1.2			5.0			—			1.0
Earnings (loss) from equity in subsidiaries	142.8		165.5			(37.7		)	—			(270.6		)	—
Net income (loss) before royalties and dividends	142.8		(37.3		)	13.0			289.2			(270.6		)	137.1
Royalties and dividends	—		180.1			—			(180.1		)	—			—
Net income after royalties and dividends	142.8		142.8			13.0			109.1			(270.6		)	137.1
Net loss attributable to noncontrolling interests	—		—			—			5.7			—			5.7
Net income attributable to AAM	$	142.8	$	142.8		$	13.0		$	114.8		$	(270.6	)	$	142.8




2010	Holdings			AAM Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Elims			Consolidated
Net sales
External	$	—		$	623.6		$	186.7		$	1,472.7		$	—		$	2,283.0
Intercompany	—			26.0			160.9			14.8			(201.7		)	—
Total net sales	—			649.6			347.6			1,487.5			(201.7		)	2,283.0
Cost of goods sold	—			601.1			323.9			1,158.0			(201.7		)	1,881.3
Gross profit	—			48.5			23.7			329.5			—			401.7
Selling, general and administrative expenses	—			177.8			—			19.8			—			197.6
Operating income (loss)	—			(129.3		)	23.7			309.7			—			204.1
Non-operating income (expense), net	—			(88.6		)	0.3			3.0			—			(85.3		)
Income (loss) before income taxes	—			(217.9		)	24.0			312.7			—			118.8
Income tax expense	—			1.5			0.3			2.5			—			4.3
Earnings (loss) from equity in subsidiaries	115.4			152.5			(26.8		)	—			(241.1		)	—
Net income (loss) before royalties and dividends	115.4			(66.9		)	(3.1		)	310.2			(241.1		)	114.5
Royalties and dividends	—			182.3			—			(182.3		)	—			—
Net income (loss) after royalties and dividends	115.4			115.4			(3.1		)	127.9			(241.1		)	114.5
Net loss attributable to noncontrolling interests	—			—			—			0.9			—			0.9
Net income (loss) attributable to AAM	$	115.4		$	115.4		$	(3.1	)	$	128.8		$	(241.1	)	$	115.4

2009	Holdings			AAM Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Elims			Consolidated
Net sales
External	$	—		$	514.5		$	142.3		$	864.8		$	—		$	1,521.6
Intercompany	—			25.4			92.9			12.3			(130.6		)	—
Total net sales	—			539.9			235.2			877.1			(130.6		)	1,521.6
Cost of goods sold	—			656.7			271.8			754.8			(130.6		)	1,552.7
Gross profit (loss)	—			(116.8		)	(36.6		)	122.3			—			(31.1		)
Selling, general and administrative expenses	—			163.0			—			9.7			—			172.7
Operating income (loss)	—			(279.8		)	(36.6		)	112.6			—			(203.8		)
Non-operating income (expense), net	—			(95.5		)	2.9			(0.7		)	—			(93.3		)
Income (loss) before income taxes	—			(375.3		)	(33.7		)	111.9			—			(297.1		)
Income tax expense (benefit)	—			(59.5		)	0.2			15.5			—			(43.8		)
Earnings (loss) from equity in subsidiaries	(253.1		)	17.5			(49.9		)	—			285.5			—
Net income (loss) before royalties and dividends	(253.1		)	(298.3		)	(83.8		)	96.4			285.5			(253.3		)
Royalties and dividends	—			45.2			—			(45.2		)	—			—
Net income (loss) after royalties and dividends	(253.1		)	(253.1		)	(83.8		)	51.2			285.5			(253.3		)
Net loss attributable to noncontrolling interests	—			—			—			0.2			—			0.2
Net income (loss) attributable to AAM	$	(253.1	)	$	(253.1	)	$	(83.8	)	$	51.4		$	285.5		$	(253.1	)

Supplemental Guarantor Consolidating Balance Sheet [Table Text Block]



Condensed Consolidating Balance Sheets
2011	Holdings			AAM Inc.			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Elims			Consolidated
Assets	(in millions)
Current assets
Cash and cash equivalents	$	—		$	83.7		$	—	$	85.5		$	—		$	169.2
Accounts receivable, net	—			77.1			23.3		232.9			—			333.3
Inventories, net	—			48.2			35.3		93.7			—			177.2
Other current assets	—			26.5			1.7		55.2			—			83.4
Total current assets	—			235.5			60.3		467.3			—			763.1
Property, plant and equipment, net	—			260.4			84.6		626.2			—			971.2
Goodwill	—			—			147.8		8.1			—			155.9
Other assets and deferred charges	—			327.2			35.8		75.5			—			438.5
Investment in subsidiaries	—			1,015.2			26.6		—			(1,041.8		)	—
Total assets	$	—		$	1,838.3		$	355.1	$	1,177.1		$	(1,041.8	)	$	2,328.7
Liabilities and stockholders' equity (deficit)
Current liabilities
Accounts payable	$	—		$	96.3		$	41.0	199.8			$	—		$	337.1
Other current liabilities	—			155.1			3.0		80.9			—			239.0
Total current liabilities	—			251.4			44.0		280.7			—			576.1
Intercompany payable (receivable)	320.7			(368.6		)	289.0		(241.1		)	—			—
Long-term debt	—			1,128.9			5.9		45.4			—			1,180.2
Investment in subsidiaries obligation	104.8			—			—		—			(104.8		)	—
Other long-term liabilities	—			931.4			3.6		57.0			—			992.0
Total liabilities	425.5			1,943.1			342.5		142.0			(104.8		)	2,748.3
Total AAM Stockholders' equity (deficit)	(425.5		)	(104.8		)	12.6		1,029.2			(937.0		)	(425.5		)
Noncontrolling interests in subsidiaries	—			—			—		5.9			—			5.9
Total stockholders' equity (deficit)	(425.5		)	(104.8		)	12.6		1,035.1			(937.0		)	(419.6		)
Total liabilities and stockholders' equity (deficit)	$	—		$	1,838.3		$	355.1	$	1,177.1		$	(1,041.8	)	$	2,328.7

2010	Holdings			AAM Inc.			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Elims			Consolidated
Assets
Current assets
Cash and cash equivalents	$	—		$	67.6		$	—	$	177.0		$	—		$	244.6
Accounts receivable, net	—			18.4			24.5		103.7			—			146.6
Inventories, net	—			34.8			27.0		68.5			—			130.3
Other current assets	—			35.6			0.2		44.8			—			80.6
Total current assets	—			156.4			51.7		394.0			—			602.1
Property, plant and equipment, net	—			259.6			91.0		585.7			—			936.3
Goodwill	—			—			147.8		8.0			—			155.8
Other assets and deferred charges	—			329.8			17.2		73.5			—			420.5
Investment in subsidiaries	—			887.7			41.0		—			(928.7		)	—
Total assets	$	—		$	1,633.5		$	348.7	$	1,061.2		$	(928.7	)	$	2,114.7
Liabilities and stockholders' equity (deficit)
Current liabilities
Accounts payable	$	—		$	76.4		$	35.7	$	171.5		$	—		$	283.6
Other current liabilities	—			209.9			4.1		71.5			—			285.5
Total current liabilities	—			286.3			39.8		243.0			—			569.1
Intercompany payable (receivable)	320.1			(395.3		)	272.5		(197.3		)	—			—
Long-term debt	0.4			970.2			6.1		33.3			—			1,010.0
Investment in subsidiaries obligation	159.0			—			—		—			(159.0		)	—
Other long-term liabilities	—			931.3			1.2		71.2			—			1,003.7
Total liabilities	479.5			1,792.5			319.6		150.2			(159.0		)	2,582.8
Total AAM Stockholders' equity (deficit)	(479.5		)	(159.0		)	29.1		899.6			(769.7		)	(479.5		)
Noncontrolling interests in subsidiaries	—			—			—		11.4			—			11.4
Total stockholders' equity (deficit)	(479.5		)	(159.0		)	29.1		911.0			(769.7		)	(468.1		)
Total liabilities and stockholders' equity (deficit)	$	—		$	1,633.5		$	348.7	$	1,061.2		$	(928.7	)	$	2,114.7

Supplemental Guarantor Consolidating Statement of Cash Flows [Table Text Block]



Condensed Consolidating Statements of Cash Flows

2011	Holdings			AAM Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Elims		Consolidated
	(in millions)
Net cash provided by (used in) operating activities	$	—		$	(119.3	)	$	40.1		$	22.9		$	—	$	(56.3	)
Investing activities
Purchases of property, plant and equipment	—			(43.9		)	(4.9		)	(114.3		)	—		(163.1		)
Proceeds from sale of property, plant and equipment	—			1.5			—			7.4			—		8.9
Purchase buyouts of leased equipment	—			(13.4		)	—			—			—		(13.4		)
Acquisition, net	—			—			(16.5		)	—			—		(16.5		)
Net cash used in investing activities	—			(55.8		)	(21.4		)	(106.9		)	—		(184.1		)
Financing activities
Net debt activity	—			159.6			(0.2		)	14.2			—		173.6
Intercompany activity	0.1			37.9			(18.5		)	(19.5		)	—		—
Debt issuance costs	—			(10.9		)	—			—			—		(10.9		)
Employee stock option exercises	—			4.6			—			—			—		4.6
Purchase of treasury stock	(0.1		)	—			—			—			—		(0.1		)
Net cash provided by (used in) financing activities	—			191.2			(18.7		)	(5.3		)	—		167.2
Effect of exchange rate changes on cash	—			—			—			(2.2		)	—		(2.2		)
Net increase (decrease) in cash and cash equivalents	—			16.1			—			(91.5		)	—		(75.4		)
Cash and cash equivalents at beginning of period	—			67.6			—			177.0			—		244.6
Cash and cash equivalents at end of period	$	—		$	83.7		$	—		$	85.5		$	—	$	169.2

2010	Holdings			AAM Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Elims		Consolidated
Net cash provided by (used in) operating activities	$	—		$	(5.9	)	$	40.3		$	205.9		$	—	$	240.3
Investing activities
Purchases of property, plant and equipment	—			(30.8		)	(6.2		)	(71.3		)	—		(108.3		)
Proceeds from sale of property, plant and equipment	—			1.7			—			3.2			—		4.9
Redemption of short-term investments	—			1.6			—			4.8			—		6.4
Purchase buyouts of leased equipment	—			(7.8		)	—			—			—		(7.8		)
Acquisition, net	—			—			—			(2.2		)	—		(2.2		)
Net cash used in investing activities	—			(35.3		)	(6.2		)	(65.5		)	—		(107.0		)
Financing activities
Net debt activity	—			(59.2		)	(0.2		)	(2.5		)	—		(61.9		)
Intercompany activity	1.3			88.5			(33.7		)	(56.1		)	—		—
Debt issuance costs	—			(2.2		)	—			—			—		(2.2		)
Employee stock option exercises	—			1.1			—			—			—		1.1
Purchase of treasury stock	(1.3		)	—			—			—			—		(1.3		)
Purchase of noncontrolling interest	—			—			(2.1		)	—			—		(2.1		)
Net cash provided by (used in) financing activities	—			28.2			(36.0		)	(58.6		)	—		(66.4		)
Effect of exchange rate changes on cash	—			—			—			(0.4		)	—		(0.4		)
Net increase (decrease) in cash and cash equivalents	—			(13.0		)	(1.9		)	81.4			—		66.5
Cash and cash equivalents at beginning of period	—			80.6			1.9			95.6			—		178.1
Cash and cash equivalents at end of period	$	—		$	67.6		$	—		$	177.0		$	—	$	244.6



2009	Holdings			AAM Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Elims		Consolidated

Net cash provided by (used in) operating activities	$	—		$	(160.1	)	$	15.6		$	160.4		$	—	$	15.9
Investing activities
Purchases of property, plant and equipment	—			(55.3		)	(26.3		)	(56.1		)	—		(137.7		)
Redemption of short-term investments	—			7.9			—			63.7			—		71.6
Acquisition, net	—			—			(10.2		)	—			—		(10.2		)
Proceeds from sale of property, plant and equipment	—			1.4			0.3			—			—		1.7
Net cash provided by (used in) investing activities	—			(46.0		)	(36.2		)	7.6			—		(74.6		)
Financing activities
Net debt activity	—			(65.4		)	(0.2		)	(9.5		)	—		(75.1		)
Intercompany activity	(139.1		)	329.4			22.7			(213.0		)	—		—
Debt issuance costs	—			(32.9		)	—			—			—		(32.9		)
Proceeds from issuance of common stock	109.7			—			—			—			—		109.7
Proceeds from issuance of warrants to GM	30.3			—			—			—			—		30.3
Employee stock option exercises, including tax benefit	—			1.0			—			—			—		1.0
Purchase of treasury stock	(0.9		)	—			—			—			—		(0.9		)
Net cash provided by (used in) financing activities	—			232.1			22.5			(222.5		)	—		32.1
Effect of exchange rate changes on cash	—			—			—			5.9			—		5.9
Net increase (decrease) in cash and cash equivalents	—			26.0			1.9			(48.6		)	—		(20.7		)
Cash and cash equivalents at beginning of period	—			54.6			—			144.2			—		198.8
Cash and cash equivalents at end of period	$	—		$	80.6		$	1.9		$	95.6		$	—	$	178.1