AMERICAN AXLE & MANUFACTURING HOLDINGS INC
For the period ended Sep 30, 2024. Filed Nov 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 8, 2024
DCH$4.45-3.3%Stored close · as of Nov 10, 2026
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Condensed Consolidated Balance Sheets
| September 30, 2024 | December 31, 2023 | |
|---|---|---|
| (Unaudited) | ||
| Assets · (in millions) | ||
| Current assets | ||
| Cash and cash equivalents | $542.5 | $519.9 |
| Accounts receivable, net | 900.1 | 818.5 |
| Inventories, net | 465.6 | 482.9 |
| Prepaid expenses and other | 169.2 | 185.3 |
| Current assets held-for-sale | 58.1 | — |
| Total current assets | 2,135.5 | 2,006.6 |
| Property, plant and equipment, net | 1,657.0 | 1,760.9 |
| Deferred income taxes | 188.3 | 169.4 |
| Goodwill | 174.1 | 182.1 |
| Other intangible assets, net | 477.5 | 532.8 |
| GM postretirement cost sharing asset | 109.3 | 111.9 |
| Operating lease right-of-use assets | 112.6 | 115.6 |
| Other assets and deferred charges | 474.0 | 477.0 |
| Total assets | $5,328.3 | $5,356.3 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities | ||
| Current portion of long-term debt | $42.7 | $17.0 |
| Accounts payable | 805.7 | 773.9 |
| Accrued compensation and benefits | 205.4 | 200.1 |
| Deferred revenue | 17.1 | 16.6 |
| Current portion of operating lease liabilities | 23.6 | 21.9 |
| Accrued expenses and other | 175.3 | 172.1 |
| Current liabilities held-for-sale | 24.4 | — |
| Total current liabilities | 1,294.2 | 1,201.6 |
| Long-term debt, net | 2,638.3 | 2,751.9 |
| Deferred revenue | 42.1 | 70.4 |
| Deferred income taxes | 15.9 | 16.5 |
| Long-term portion of operating lease liabilities | 91.2 | 95.5 |
| Postretirement benefits and other long-term liabilities | 630.3 | 615.5 |
| Total liabilities | 4,712.0 | 4,751.4 |
| Stockholders' equity | ||
| Common stock, par value $0.01 per share; 150.0 million shares authorized; | ||
| 128.3 million shares issued as of September 30, 2024 and 127.4 million shares issued as of December 31, 2023 | 1.3 | 1.3 |
| Paid-in capital | 1,394.3 | 1,382.6 |
| Accumulated deficit | (234.5) | (283.2) |
| Treasury stock at cost, 10.7 million shares as of September 30, 2024 and 10.3 million shares as of December 31, 2023 | (235.7) | (232.9) |
| Accumulated other comprehensive income (loss) | ||
| Defined benefit plans, net of tax | (147.1) | (145.3) |
| Foreign currency translation adjustments | (150.3) | (142.3) |
| Unrecognized gain (loss) on hedges, net of tax | (11.7) | 24.7 |
| Total stockholders' equity | 616.3 | 604.9 |
| Total liabilities and stockholders' equity | $5,328.3 | $5,356.3 |
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