AMERICAN AXLE & MANUFACTURING HOLDINGS, INC AXL Balance Sheet

American axle & manufacturing holdings, inc (AXL)

Balance Sheet / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Dec'10
Assets
Current assets
Cash and cash equivalents
682	532	375	248	252	476	439	353	340	376	549	490	1,543	481	433	388	262	282	365	301	205	249	219	128	79	154	118	78	100	62	209	85	112	169	114	250	244
Accounts receivable, net
794	815	976	1,138	1,202	966	1,271	1,253	1,238	1,035	1,122	1,126	702	560	683	641	643	539	641	638	668	532	600	648	654	458	596	559	535	463	465	474	501	333	384	199	146
Inventories, net
394	373	403	459	452	459	443	426	403	392	396	384	221	182	219	226	229	230	233	237	238	248	249	255	258	261	251	233	240	224	242	208	203	177	157	148	130
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	40	-	-	-	-	-	-	-	34	-	-	-	11	-	-	8
Prepaid expenses and other
171	136	130	130	132	127	143	121	172	140	144	142	106	75	82	77	79	72	114	113	111	68	110	114	116	122	124	120	128	87	105	93	89	72	83	80	72
Current assets held-for-sale
-	-	312	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total current assets
2,043	1,857	2,198	1,976	2,038	2,029	2,298	2,155	2,155	1,945	2,212	2,144	2,573	1,299	1,419	1,334	1,215	1,124	1,354	1,292	1,224	1,139	1,179	1,146	1,108	996	1,091	992	1,005	872	1,022	861	906	763	740	678	602
Property, plant and equipment, net
2,275	2,358	2,326	2,544	2,537	2,514	2,467	2,459	2,491	2,402	2,302	2,209	1,143	1,093	1,080	1,080	1,063	1,046	1,024	1,041	1,040	1,061	1,066	1,077	1,067	1,058	1,041	1,036	1,043	1,009	1,007	990	998	971	942	960	936
Deferred income taxes
55	64	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred Tax Assets, Net of Valuation Allowance, Noncurrent
-	-	61	51	45	45	31	30	38	37	39	44	362	367	344	352	364	373	348	355	362	368	327	333	338	341	360	366	365	366	-	-	-	20	-	-	38
Goodwill
181	699	1,127	1,140	1,138	1,141	1,633	1,631	1,669	1,654	1,654	1,610	233	154	154	154	154	154	154	154	154	155	155	156	156	156	156	156	156	156	156	155	156	155	156	156	155
Other intangible assets, net
842	864	881	1,063	1,087	1,111	1,135	1,159	1,188	1,212	1,236	1,281	-	28	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
GM postretirement cost sharing asset
221	223	223	224	221	219	246	248	250	252	232	233	235	236	237	238	239	243	261	262	263	274	233	234	235	242	251	252	253	259	288	253	257	260	240	240	244
Other assets and deferred charges
566	577	497	546	545	448	433	405	379	378	379	366	314	242	278	272	269	261	254	254	262	241	264	253	243	232	217	204	205	202	199	179	183	158	153	159	137
Total assets
6,186	6,644	7,316	7,547	7,615	7,510	8,246	8,090	8,172	7,882	8,058	7,889	4,862	3,422	3,515	3,432	3,305	3,202	3,398	3,360	3,307	3,240	3,227	3,201	3,149	3,027	3,118	3,008	3,029	2,866	2,674	2,441	2,502	2,328	2,232	2,195	2,114
Liabilities and Stockholders’ Equity
Current liabilities
Borrowings under Revolving Credit Facility
200	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current portion of long-term debt
21	28	23	26	118	121	16	33	31	5	6	5	3	3	3	3	3	3	19	14	13	13	17	-	-	0	-	-	-	-	-	-	-	-	-	-	-
Accounts payable
624	623	703	853	882	840	946	930	924	799	856	840	527	382	497	503	483	412	479	490	489	444	496	509	478	437	485	450	454	396	429	439	433	337	363	355	283
Accrued compensation and benefits
142	154	165	159	155	179	185	161	158	200	200	194	106	139	129	113	101	128	125	113	102	109	102	92	88	110	102	90	83	84	110	96	98	110	118	116	115
Deferred revenue
21	18	22	33	39	44	44	38	34	34	28	27	24	24	24	24	23	22	27	21	22	22	22	22	22	17	14	15	16	17	20	24	22	32	45	60	79
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	1	-	-	-	9	-	-	8
Accrued expenses and other
208	200	220	194	196	171	220	168	200	177	193	159	110	102	110	107	105	132	109	97	103	98	100	97	108	94	102	90	96	101	89	131	87	85	87	96	81
Current liabilities held-for sale
-	-	101	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total current liabilities
1,218	1,026	1,237	1,267	1,391	1,356	1,414	1,331	1,349	1,216	1,285	1,227	772	651	766	751	717	699	761	737	732	687	738	721	697	658	704	647	651	600	649	691	642	576	614	628	569
Long-term debt, net
3,511	3,612	3,673	3,674	3,678	3,686	3,874	3,873	3,986	3,969	4,169	4,173	2,581	1,400	1,401	1,403	1,382	1,375	1,508	1,516	1,520	1,504	1,525	1,545	1,578	1,559	1,572	1,546	1,570	1,454	1,579	1,174	1,248	1,180	1,050	964	1,010
Deferred revenue
77	83	83	87	76	77	79	81	77	78	79	78	72	70	55	57	60	65	68	73	88	94	101	106	106	76	76	79	78	82	81	80	85	88	92	97	116
Deferred income taxes
45	19	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred Tax Liabilities, Net, Noncurrent
-	-	21	67	75	92	159	143	119	101	233	264	-	15	-	-	-	6	-	-	-	9	-	-	-	-	-	-	-	9	-	-	-	7	-	-	6
Postretirement benefits and other long-term liabilities
940	922	891	879	869	810	879	894	953	976	854	848	799	779	772	763	758	753	833	827	823	831	690	684	683	692	811	837	837	840	861	889	902	896	848	862	881
Total liabilities
5,794	5,664	5,906	5,975	6,091	6,024	6,407	6,324	6,486	6,342	6,621	6,592	4,226	2,918	2,995	2,975	2,918	2,901	3,171	3,155	3,165	3,127	3,056	3,058	3,066	2,987	3,165	3,110	3,137	2,986	3,171	2,835	2,878	2,748	2,606	2,553	2,582
Stockholders' equity
Series A junior participating preferred stock, par value $0.01 per share; 0.1 million shares authorized; no shares outstanding in 2019 or 2018
-	-	-	-	-	0	-	-	-	0	-	-	-	0	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	0	-	-	-	0	-	-	0
Preferred stock, par value $0.01 per share; 10.0 million shares authorized; no shares outstanding in 2019 or 2018
-	-	-	-	-	0	-	-	-	0	-	-	-	0	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	0	-	-	-	0	-	-	0
Series common stock, par value $0.01 per share; 40.0 million shares authorized; no shares outstanding in 2019 or 2018
-	-	-	-	-	0	-	-	-	0	-	-	-	0	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	0	-	-	-	0	-	-	0
Common stock, par value $0.01 per share; 150.0 million shares authorized; 121.0 million shares issued as of March 31, 2020 and 120.2 million shares issued as of December 31, 2019
1	1	1	1	1	1	1	1	1	1	1	1	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Paid-in capital
1,318	1,313	1,310	1,303	1,298	1,292	1,285	1,278	1,271	1,264	1,258	1,252	665	660	654	649	644	638	636	631	627	623	621	618	615	612	611	604	602	600	599	599	598	597	596	595	588
Retained earnings (Accumulated deficit)
-259	248	703	827	774	703	1,065	1,001	850	761	656	570	528	423	398	336	265	204	141	80	21	-31	-44	-95	-147	-174	-211	-242	-268	-275	-595	-587	-592	-643	-674	-699	-786
Treasury stock at cost, 8.0 million shares as of March 31, 2020 and 7.6 million shares as of December 31, 2019
211	209	209	209	209	201	201	201	201	198	198	198	196	191	191	190	189	185	185	185	183	182	182	182	182	182	182	182	182	182	182	182	182	176	176	176	176
Accumulated other comprehensive loss
Defined benefit plans, net of tax
258	259	241	239	240	213	237	238	250	252	239	242	243	243	218	219	219	223	235	235	236	240	191	192	192	197	258	273	275	274	332	230	229	215	148	148	152
Foreign currency translation adjustments
-149	-101	-131	-94	-99	-96	-89	-77	3	-34	-43	-85	-110	-122	-104	-103	-104	-119	-113	-77	-80	-48	-30	-7	-10	-18	-6	-9	12	7	10	5	27	17	27	57	44
Unrecognized loss on cash flow hedges, net of tax
-50	-15	-25	-19	-3	-1	13	0	8	-6	-2	-3	-8	-23	-19	-15	-10	-13	-16	-9	-7	-7	-0	1	1	0	0	0	2	2	2	-0	0	-5	-6	2	1
Total AAM stockholders' equity
389	977	1,406	1,569	1,521	1,483	1,836	1,764	1,682	1,536	1,432	1,293	-	504	-	-	-	301	-	-	-	113	-	-	83	-	-46	-101	-107	-120	-497	-394	-376	-425	-380	-367	-479
Noncontrolling interests in subsidiaries
2	2	2	2	2	2	2	2	3	4	3	3	-	0	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	5	7	9	11
Total stockholders' equity
392	980	1,409	1,572	1,523	1,486	1,838	1,766	1,686	1,540	1,436	1,297	635	504	520	457	386	-	226	205	142	-	171	143	-	40	-46	-101	-107	-120	-497	-394	-376	-419	-373	-357	-468
Total liabilities and stockholders' equity
6,186	6,644	7,316	7,547	7,615	7,510	8,246	8,090	8,172	7,882	8,058	7,889	4,862	3,422	3,515	3,432	3,305	3,202	3,398	3,360	3,307	3,240	3,227	3,201	3,149	3,027	3,118	3,008	3,029	2,866	2,674	2,441	2,502	2,328	2,232	2,195	2,114