Supplemental Guarantor Condensed Consolidating Financial Statements Supplemental Guarantor Condensed Consolidating Financial Statements (Tables)

12 Months Ended

Dec. 31, 2013

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

Supplemental Guarantor Consolidating Income Statement [Table Text Block]



Condensed Consolidating Statements of Income

2013	Holdings		AAM Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Elims			Consolidated
	(in millions)
Net sales
External	$	—	$	773.6		$	226.0		$	2,207.7		$	—		$	3,207.3
Intercompany	—		15.3			226.1			14.0			(255.4		)	—
Total net sales	—		788.9			452.1			2,221.7			(255.4		)	3,207.3
Cost of goods sold	—		769.4			389.0			1,825.6			(255.4		)	2,728.6
Gross profit	—		19.5			63.1			396.1			—			478.7
Selling, general and administrative expenses	—		182.4			0.1			55.9			—			238.4
Operating income (loss)	—		(162.9		)	63.0			340.2			—			240.3
Non-operating income (expense), net	—		(155.1		)	10.7			(9.6		)	—			(154.0		)
Income (loss) before income taxes	—		(318.0		)	73.7			330.6			—			86.3
Income tax expense (benefit)	—		(24.9		)	0.9			15.8			—			(8.2		)
Earnings (loss) from equity in subsidiaries	94.5		167.0			(21.7		)	—			(239.8		)	—
Net income (loss) before royalties and dividends	94.5		(126.1		)	51.1			314.8			(239.8		)	94.5
Royalties and dividends	—		220.6			—			(220.6		)	—			—
Net income after royalties and dividends	94.5		94.5			51.1			94.2			(239.8		)	94.5
Net loss attributable to noncontrolling interests	—		—			—			—			—			—
Net income attributable to AAM	$	94.5	$	94.5		$	51.1		$	94.2		$	(239.8	)	$	94.5
Other comprehensive income (loss), net of tax	48.4		48.4			(7.2		)	(10.8		)	(30.4		)	48.4
Comprehensive income attributable to AAM	$	142.9	$	142.9		$	43.9		$	83.4		$	(270.2	)	$	142.9




2012	Holdings			AAM Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Elims			Consolidated
Net sales
External	$	—		$	704.8		$	214.4		$	2,011.7		$	—		$	2,930.9
Intercompany	—			18.6			226.8			25.2			(270.6		)	—
Total net sales	—			723.4			441.2			2,036.9			(270.6		)	2,930.9
Cost of goods sold	—			709.8			389.8			1,702.2			(270.6		)	2,531.2
Gross profit	—			13.6			51.4			334.7			—			399.7
Selling, general and administrative expenses	—			186.5			—			56.8			—			243.3
Operating income (loss)	—			(172.9		)	51.4			277.9			—			156.4
Non-operating income (expense), net	—			(135.2		)	(2.2		)	12.5			—			(124.9		)
Income (loss) before income taxes	—			(308.1		)	49.2			290.4			—			31.5
Income tax expense (benefit)	—			(343.9		)	(5.5		)	14.2			—			(335.2		)
Earnings (loss) from equity in subsidiaries	367.7			79.0			(49.2		)	—			(397.5		)	—
Net income before royalties and dividends	367.7			114.8			5.5			276.2			(397.5		)	366.7
Royalties and dividends	—			252.9			—			(252.9		)	—			—
Net income after royalties and dividends	367.7			367.7			5.5			23.3			(397.5		)	366.7
Net loss attributable to noncontrolling interests	—			—			—			1.0			—			1.0
Net income attributable to AAM	$	367.7		$	367.7		$	5.5		$	24.3		$	(397.5	)	$	367.7
Other comprehensive loss, net of tax	(60.5		)	(60.5		)	(10.1		)	(3.6		)	74.2			(60.5		)
Foreign currency translation adjustments attributable to noncontrolling interests	0.3			0.3			—			0.3			(0.6		)	0.3
Comprehensive income (loss) attributable to AAM	$	306.9		$	306.9		$	(4.6	)	$	20.4		$	(322.7	)	$	306.9

2011	Holdings			AAM Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Elims			Consolidated
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		)	51.9			294.2			—			138.1
Income tax expense (benefit)	—			(5.2		)	1.2			5.0			—			1
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
Other comprehensive loss, net of tax	(97.6		)	(97.6		)	(29.0		)	(35.6		)	162.2			(97.6		)
Foreign currency translation adjustments attributable to noncontrolling interests	0.2			0.2			—			0.2			(0.4		)	0.2
Comprehensive income (loss) attributable to AAM	$	45.0		$	45.0		$	(16.0	)	$	79.0		$	(108.0	)	$	45.0

Supplemental Guarantor Consolidating Balance Sheet [Table Text Block]



Condensed Consolidating Balance Sheets
2013	Holdings			AAM Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Elims			Consolidated
Assets	(in millions)
Current assets
Cash and cash equivalents	$	—		$	36.9		$	—		$	117.1	$	—		$	154.0
Accounts receivable, net	—			102.7			25.6			330.2		—			458.5
Inventories, net	—			62.4			34.2			165.2		—			261.8
Other current assets	—			43.8			3.2			76.5		—			123.5
Total current assets	—			245.8			63.0			689.0		—			997.8
Property, plant and equipment, net	—			239.8			83.0			735.7		—			1,058.5
Goodwill	—			—			147.8			8.6		—			156.4
Other assets and deferred charges	—			671.7			44.8			99.8		—			816.3
Investment in subsidiaries	360.5			1,233.2			—			—		(1,593.7		)	—
Total assets	$	360.5		$	2,390.5		$	338.6		$	1,533.1	$	(1,593.7	)	$	3,029.0
Liabilities and stockholders' equity (deficit)
Current liabilities
Accounts payable	$	—		$	106.2		$	44.5		295.1		$	—		$	445.8
Other current liabilities	—			120.4			4.1			96.8		—			221.3
Total current liabilities	—			226.6			48.6			391.9		—			667.1
Intercompany payable (receivable)	326.9			(390.1		)	(219.5		)	282.7		—			—
Long-term debt	—			1,500.0			5.3			53.8		—			1,559.1
Investment in subsidiaries obligation	—			—			15.2			—		(15.2		)	—
Other long-term liabilities	—			693.5			0.5			75.2		—			769.2
Total liabilities	326.9			2,030.0			(149.9		)	803.6		(15.2		)	2,995.4
Total AAM Stockholders' equity	33.6			360.5			488.5			729.5		(1,578.5		)	33.6
Noncontrolling interests in subsidiaries	—			—			—			—		—			—
Total stockholders' equity	33.6			360.5			488.5			729.5		(1,578.5		)	33.6
Total liabilities and stockholders' equity	$	360.5		$	2,390.5		$	338.6		$	1,533.1	$	(1,593.7	)	$	3,029.0


2012	Holdings			AAM Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Elims			Consolidated
Assets
Current assets
Cash and cash equivalents	$	—		$	10.6		$	—		$	51.8	$	—		$	62.4
Accounts receivable, net	—			94.4			25.3			343.7		—			463.4
Inventories, net	—			48.7			31.6			144.0		—			224.3
Other current assets	—			48.8			3.5			69.7		—			122.0
Total current assets	—			202.5			60.4			609.2		—			872.1
Property, plant and equipment, net	—			250.4			84.2			675.1		—			1,009.7
Goodwill	—			—			147.8			8.6		—			156.4
Other assets and deferred charges	—			706.1			40.0			81.7		—			827.8
Investment in subsidiaries	202.9			1,094.6			—			—		(1,297.5		)	—
Total assets	$	202.9		$	2,253.6		$	332.4		$	1,374.6	$	(1,297.5	)	$	2,866.0
Liabilities and stockholders' equity (deficit)
Current liabilities
Accounts payable	$	—		$	91.4		$	37.3		$	267.4	$	—		$	396.1
Other current liabilities	—			124.5			3.8			76.4		—			204.7
Total current liabilities	—			215.9			41.1			343.8		—			600.8
Intercompany payable (receivable)	323.7			(420.6		)	(188.7		)	285.6		—			—
Long-term debt	—			1,387.5			5.6			61.0		—			1,454.1
Investment in subsidiaries obligation	—			—			7.6			—		(7.6		)	—
Other long-term liabilities	—			867.9			1.2			62.8		—			931.9
Total liabilities	323.7			2,050.7			(133.2		)	753.2		(7.6		)	2,986.8
Total AAM Stockholders' equity (deficit)	(120.8		)	202.9			465.6			621.4		(1,289.9		)	(120.8		)
Noncontrolling interests in subsidiaries	—			—			—			—		—			—
Total stockholders' equity (deficit)	(120.8		)	202.9			465.6			621.4		(1,289.9		)	(120.8		)
Total liabilities and stockholders' equity (deficit)	$	202.9		$	2,253.6		$	332.4		$	1,374.6	$	(1,297.5	)	$	2,866.0

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



Condensed Consolidating Statements of Cash Flows

2013	Holdings			AAM Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Elims		Consolidated
	(in millions)
Net cash provided by (used in) operating activities	$	—		$	(70.4	)	$	84.9		$	208.5		$	—	$	223.0
Investing activities
Purchases of property, plant and equipment	—			(61.2		)	(12.5		)	(178.2		)	—		(251.9		)
Proceeds from sale of property, plant and equipment	—			5.1			0.5			3.5			—		9.1
Proceeds from sale-leaseback of equipment	—			24.1			—			—			—		24.1
Net cash used in investing activities	—			(32.0		)	(12.0		)	(174.7		)	—		(218.7		)
Financing activities
Net debt activity	—			110.1			(0.3		)	(5.0		)	—		104.8
Intercompany activity	0.4			34.1			(72.6		)	38.1			—		—
Debt issuance costs	—			(16.6		)	—			(0.1		)	—		(16.7		)
Employee stock option exercises	—			1.1			—			—			—		1.1
Purchase of treasury stock	(0.4		)	—			—			—			—		(0.4		)
Net cash provided by (used in) financing activities	—			128.7			(72.9		)	33.0			—		88.8
Effect of exchange rate changes on cash	—			—			—			(1.5		)	—		(1.5		)
Net increase in cash and cash equivalents	—			26.3			—			65.3			—		91.6
Cash and cash equivalents at beginning of period	—			10.6			—			51.8			—		62.4
Cash and cash equivalents at end of period	$	—		$	36.9		$	—		$	117.1		$	—	$	154.0

2012	Holdings			AAM Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Elims		Consolidated
Net cash provided by (used in) operating activities	$	—		$	(228.2	)	$	56.8		$	(4.1	)	$	—	$	(175.5	)
Investing activities
Purchases of property, plant and equipment	—			(59.4		)	(9.0		)	(139.2		)	—		(207.6		)
Proceeds from sale of property, plant and equipment	—			7.0			—			3.1			—		10.1
Proceeds from sale-leaseback of equipment	—			12.1			—			—			—		12.1
Net cash used in investing activities	—			(40.3		)	(9.0		)	(136.1		)	—		(185.4		)
Financing activities
Net debt activity	—			257.9			(0.2		)	16.2			—		273.9
Intercompany activity	5.9			(52.0		)	(47.6		)	93.7			—		—
Debt issuance costs	—			(10.6		)	—			—			—		(10.6		)
Employee stock option exercises	—			0.1			—			—			—		0.1
Purchase of treasury stock	(5.9		)	—			—			—			—		(5.9		)
Purchase of noncontrolling interest	—			—			—			(4.0		)	—		(4.0		)
Net cash provided by (used in) financing activities	—			195.4			(47.8		)	105.9			—		253.5
Effect of exchange rate changes on cash	—			—			—			0.6			—		0.6
Net decrease in cash and cash equivalents	—			(73.1		)	—			(33.7		)	—		(106.8		)
Cash and cash equivalents at beginning of period	—			83.7			—			85.5			—		169.2
Cash and cash equivalents at end of period	$	—		$	10.6		$	—		$	51.8		$	—	$	62.4



2011	Holdings			AAM Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Elims		Consolidated

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
Acquisition, net	—			—			(16.5		)	—			—		(16.5		)
Purchase buyouts of leased equipment	—			(13.4		)	—			—			—		(13.4		)
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, including tax benefit	—			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