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

12 Months Ended

Dec. 31, 2014

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

Supplemental Guarantor Consolidating Income Statement [Table Text Block]



Condensed Consolidating Statements of Income

2014	Holdings			AAM Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Elims			Consolidated
	(in millions)
Net sales
External	$	—		$	1,099.5		$	225.1		$	2,371.4		$	—		$	3,696.0
Intercompany	—			13.1			246.9			21.6			(281.6		)	—
Total net sales	—			1,112.6			472.0			2,393.0			(281.6		)	3,696.0
Cost of goods sold	—			1,112.4			396.1			1,946.3			(281.6		)	3,173.2
Gross profit	—			0.2			75.9			446.7			—			522.8
Selling, general and administrative expenses	—			194.0			0.2			61.0			—			255.2
Operating income (loss)	—			(193.8		)	75.7			385.7			—			267.6
Non-operating income (expense), net	—			(103.0		)	9.0			3.1			—			(90.9		)
Income (loss) before income taxes	—			(296.8		)	84.7			388.8			—			176.7
Income tax expense (benefit)	—			(11.8		)	0.9			44.6			—			33.7
Earnings (loss) from equity in subsidiaries	143.0			204.0			(23.3		)	—			(323.7		)	—
Net income (loss) before royalties and dividends	143.0			(81.0		)	60.5			344.2			(323.7		)	143.0
Royalties and dividends	—			224.0			—			(224.0		)	—			—
Net income after royalties and dividends	143.0			143.0			60.5			120.2			(323.7		)	143.0
Other comprehensive loss, net of tax	(80.7		)	(80.7		)	(23.5		)	(34.8		)	139.0			(80.7		)
Comprehensive income	$	62.3		$	62.3		$	37.0		$	85.4		$	(184.7	)	$	62.3




2013	Holdings			AAM Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Elims			Consolidated
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
Other comprehensive income (loss), net of tax	48.4			48.4			(7.2		)	(10.8		)	(30.4		)	48.4
Comprehensive income	$	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

Supplemental Guarantor Consolidating Balance Sheet [Table Text Block]



Condensed Consolidating Balance Sheets
2014	Holdings		AAM Inc.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Elims			Consolidated
Assets	(in millions)
Current assets
Cash and cash equivalents	$	—	$	69.7	$	—	$	179.5	$	—		$	249.2
Accounts receivable, net	—		137.5		23.9		371.3		—			532.7
Intercompany receivables	—		231.0		174.1		10.0		(415.1		)	—
Inventories, net	—		64.9		32.3		151.6		—			248.8
Other current assets	—		53.6		2.6		52.6		—			108.8
Total current assets	—		556.7		232.9		765.0		(415.1		)	1,139.5
Property, plant and equipment, net	—		230.0		87.9		743.2		—			1,061.1
Goodwill	—		—		147.9		7.1		—			155.0
Intercompany notes and accounts receivable	—		509.4		219.1		—		(728.5		)	—
Other assets and deferred charges	—		736.6		45.7		121.3		—			903.6
Investment in subsidiaries	433.8		1,134.6		—		—		(1,568.4		)	—
Total assets	$	433.8	$	3,167.3	$	733.5	$	1,636.6	$	(2,712.0	)	$	3,259.2
Liabilities and stockholders' equity
Current liabilities
Current portion of long-term debt	$	—	$	9.4	$	—	$	3.6	$	—		$	13.0
Accounts payable	—		127.3		38.9		278.1		—			444.3
Intercompany payables	—		177.0		105.3		132.8		(415.1		)	—
Other current liabilities	—		121.0		4.4		104.5		—			229.9
Total current liabilities	—		434.7		148.6		519.0		(415.1		)	687.2
Intercompany notes and accounts payable	320.4		6.9		—		401.2		(728.5		)	—
Long-term debt	—		1,483.1		4.9		35.4		—			1,523.4
Investment in subsidiaries obligation	—		—		53.8		—		(53.8		)	—
Other long-term liabilities	—		808.8		0.6		125.8		—			935.2
Total liabilities	320.4		2,733.5		207.9		1,081.4		(1,197.4		)	3,145.8
Total stockholders' equity	113.4		433.8		525.6		555.2		(1,514.6		)	113.4
Total liabilities and stockholders' equity	$	433.8	$	3,167.3	$	733.5	$	1,636.6	$	(2,712.0	)	$	3,259.2

2013	Holdings		AAM Inc.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Elims			Consolidated
Assets
Current assets
Cash and cash equivalents	$	—	$	36.9	$	—	$	117.1	$	—		$	154.0
Accounts receivable, net	—		102.7		25.6		330.2		—			458.5
Intercompany receivables	—		180.5		116.6		9.2		(306.3		)	—
Inventories, net	—		62.4		34.2		165.2		—			261.8
Other current assets	—		43.8		3.2		75.0		—			122.0
Total current assets	—		426.3		179.6		696.7		(306.3		)	996.3
Property, plant and equipment, net	—		239.8		83.0		735.7		—			1,058.5
Goodwill	—		—		147.8		8.6		—			156.4
Intercompany notes and accounts receivable	—		327.0		201.5		—		(528.5		)	—
Other assets and deferred charges	—		671.7		44.8		99.8		—			816.3
Investment in subsidiaries	363.7		1,240.1		—		—		(1,603.8		)	—
Total assets	$	363.7	$	2,904.9	$	656.7	$	1,540.8	$	(2,438.6	)	$	3,027.5
Liabilities and stockholders' equity
Current liabilities
Accounts payable	$	—	$	106.2	$	44.5	$	286.7	$	—		$	437.4
Intercompany payables			117.4		98.6		90.3		(306.3		)	—
Other current liabilities	—		120.4		4.1		96.8		—			221.3
Total current liabilities	—		344.0		147.2		473.8		(306.3		)	658.7
Intercompany notes and accounts payable	323.2		3.7		—		201.6		(528.5		)	—
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	323.2		2,541.2		168.2		804.4		(850.0		)	2,987.0
Total stockholders' equity	40.5		363.7		488.5		736.4		(1,588.6		)	40.5
Total liabilities and stockholders' equity	$	363.7	$	2,904.9	$	656.7	$	1,540.8	$	(2,438.6	)	$	3,027.5

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



Condensed Consolidating Statements of Cash Flows

2014	Holdings			AAM Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Elims			Consolidated
	(in millions)
Net cash provided by operating activities	$	—		$	83.4		$	41.9		$	193.1		$	—		$	318.4
Investing activities
Purchases of property, plant and equipment	—			(51.3		)	(18.6		)	(136.6		)	—			(206.5		)
Proceeds from sale of property, plant and equipment	—			7.9			0.4			0.8			—			9.1
Proceeds from government grants	—			—			—			2.1			—			2.1
Intercompany activity	—			—			(23.3		)	—			23.3			—
Proceeds from sale-leaseback of equipment	—			—			—			—			—			—
Net cash used in investing activities	—			(43.4		)	(41.5		)	(133.7		)	23.3			(195.3		)
Financing activities
Net debt activity	—			(7.8		)	(0.4		)	(13.8		)	—			(22.0		)
Debt issuance costs	—			(0.3		)	—			—			—			(0.3		)
Employee stock option exercises	—			1.2			—			—			—			1.2
Purchase of treasury stock	(0.3		)	—			—			—			—			(0.3		)
Intercompany activity	0.3			(0.3		)	—			23.3			(23.3		)	—
Net cash provided by (used in) financing activities	—			(7.2		)	(0.4		)	9.5			(23.3		)	(21.4		)
Effect of exchange rate changes on cash	—			—			—			(6.5		)	—			(6.5		)
Net increase in cash and cash equivalents	—			32.8			—			62.4			—			95.2
Cash and cash equivalents at beginning of period	—			36.9			—			117.1			—			154.0
Cash and cash equivalents at end of period	$	—		$	69.7		$	—		$	179.5		$	—		$	249.2

2013	Holdings			AAM Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Elims			Consolidated
Net cash provided by (used in) operating activities	$	—		$	(35.9	)	$	64.9		$	194.0		$	—		$	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
Intercompany activity	—			—			(52.6		)	—			52.6			—
Net cash used in investing activities	—			(32.0		)	(64.6		)	(174.7		)	52.6			(218.7		)
Financing activities
Net debt activity	—			110.1			(0.3		)	(5.0		)	—			104.8
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		)
Intercompany activity	0.4			(0.4		)	—			52.6			(52.6		)	—
Net cash provided by (used in) financing activities	—			94.2			(0.3		)	47.5			(52.6		)	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	$	—		$	(274.3	)	$	46.6		$	52.2		$	—		$	(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
Intercompany activity	—						(37.4		)				37.4			—
Net cash used in investing activities	—			(40.3		)	(46.4		)	(136.1		)	37.4			(185.4		)
Financing activities
Net debt activity	—			257.9			(0.2		)	16.2			—			273.9
Debt issuance costs	—			(10.6		)	—			—			—			(10.6		)
Employee stock option exercises, including tax benefit	—			0.1			—			—			—			0.1
Purchase of treasury stock	(5.9		)	—			—			—			—			(5.9		)
Purchase of noncontrolling interest	—			—			—			(4.0		)	—			(4.0		)
Intercompany activity	5.9			(5.9		)	—			37.4			(37.4		)	—
Net cash provided by (used in) financing activities	—			241.5			(0.2		)	49.6			(37.4		)	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