| Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|
Cash flows from operating activities | ||||||
Profit (loss) for the year | ||||||
-4,359,734 | -2,922,967 | -1,664,885 | - | - | 76,331 | 1,229,381 |
Changes in working capital items: | ||||||
Loss from discontinuing operations, net of income tax | ||||||
-1,473,780 | -1,218,097 | -386,225 | - | - | - | - |
Net (loss) income from continuing operations attributable to shareholders of Mechel OAO | ||||||
- | - | - | - | 657,213 | 73,741 | 1,140,544 |
Net (loss) income from continuing operations attributable to noncontrolling interests | ||||||
- | - | - | - | 34,761 | 2,590 | 88,837 |
Net loss from continuing operations | ||||||
-2,885,954 | -1,704,870 | -1,278,660 | 831,473 | 692,574 | - | - |
Depreciation | ||||||
322,747 | 366,850 | 363,904 | 341,888 | 329,440 | 321,117 | 360,587 |
Depletion and amortization | ||||||
47,797 | 58,432 | 57,956 | 129,270 | 144,621 | 85,558 | 102,710 |
Foreign exchange loss (gain) | ||||||
-2,396,123 | -164,768 | 107,541 | -141,957 | -14,544 | 174,336 | -877,428 |
Deferred income taxes | ||||||
-354,918 | -29,750 | 876 | 19,354 | 75,354 | -31,665 | -403,816 |
Allowance for doubtful accounts | ||||||
37,968 | 9,162 | 27,579 | -1,227 | -11,460 | -38,019 | 103,632 |
Change in inventory reserves | ||||||
-5,779 | -3,414 | -32,637 | -20,199 | -20,225 | -186,263 | -278,176 |
Accretion expense | ||||||
4,963 | 4,524 | 3,842 | 5,897 | 6,545 | 7,398 | 6,078 |
Loss on write-off of property, plant and equipment | ||||||
17,395 | 17,254 | 10,879 | 10,635 | 10,776 | 20,940 | 4,323 |
Income from equity investments | ||||||
276 | 3,589 | 475 | 304 | 1,184 | 1,200 | 717 |
Impairment of goodwill and long-lived assets | ||||||
120,237 | 215,727 | 607,877 | 0 | - | - | - |
Provision for taxes restructuring | ||||||
31,950 | - | - | - | - | - | - |
Allowance for amounts due from related parties | ||||||
41,425 | 714,181 | 919,113 | 0 | - | - | - |
Non-cash interest on pension liabilities | ||||||
5,513 | 9,463 | 9,682 | 13,333 | 14,405 | 15,954 | 18,426 |
Loss (gain) on sale of property, plant and equipment | ||||||
-1,709 | -4,907 | 4,663 | 7,566 | -3,605 | 2,789 | -15,641 |
Gain on sale of investments | ||||||
14,050 | 2,466 | 2,166 | - | - | 155 | 4,568 |
Change in asset retirement obligations | ||||||
-1,505 | -7,123 | -4,004 | 5,833 | 11,262 | -9,595 | - |
Gain on accounts payable with expired legal term | ||||||
930 | 11,324 | 4,043 | 5,338 | 5,523 | -2,571 | 2,370 |
Loss on disposal of subsidiaries | ||||||
- | -76,814 | - | - | - | - | - |
Gain on forgiveness of fines and penalties | ||||||
28 | 2,550 | 2,777 | 47 | - | -1,241 | - |
Amortization of loan origination fee | ||||||
56,864 | 51,017 | 50,211 | 52,014 | 41,970 | 42,561 | 28,102 |
Loss resulting from accretion and remeasurement of contingent liability | ||||||
- | - | - | -1,760 | -1,630 | -494,238 | - |
Pension benefit plan curtailment gain | ||||||
1,914 | 3,906 | 1,360 | 38,711 | 13,910 | -37,717 | 23,421 |
Gain from bargain purchase | ||||||
- | - | - | - | 7,515 | - | - |
Remeasurement of equity interest | ||||||
- | - | - | - | -2,044 | - | - |
Pension service cost, amortization of prior service cost and actuarial (gain) loss, other expenses | ||||||
-898 | 3,853 | 1,253 | 5,021 | 6,397 | 7,032 | 9,745 |
Other | ||||||
-23,051 | - | - | - | - | - | - |
Net change before changes in working capital | ||||||
- | - | - | - | - | - | 2,599,337 |
Accounts receivable | ||||||
-53,627 | -63,113 | -41,923 | 321,082 | 147,299 | 97,272 | 140,545 |
Inventories | ||||||
-400,901 | -486,635 | -629,652 | 803,760 | 760,535 | 481,307 | 658,930 |
Trade payable to vendors of goods and services | ||||||
3,216 | 114,153 | 56,355 | 251,078 | 53,253 | -100,069 | 594,639 |
Advances received | ||||||
4,530 | -9,382 | -56,735 | -62,995 | 85,929 | 30,516 | -6,230 |
Taxes payable and other liabilities | ||||||
516,996 | 91,113 | 26,302 | 25,246 | 143,703 | 48,998 | -8,353 |
Cash flows from investing activities | ||||||
Settlements with related parties | ||||||
-58,195 | -481,118 | -224,875 | 345,932 | -506,676 | -77,380 | 9,308 |
Deferred revenue and cost of inventory in transit, net | ||||||
- | - | - | - | - | - | -16,591 |
Other current assets | ||||||
-21,345 | -26,281 | -68,997 | 40,343 | 260,424 | 131,273 | 79,196 |
Advanced payments to non-state pension funds | ||||||
- | - | - | - | -4,922 | 7,545 | 4,254 |
Dividends received | ||||||
- | - | -25,956 | - | - | - | - |
Unrecognized income tax benefits | ||||||
-30,378 | 61,230 | 17,598 | -2,285 | -12,965 | -9,145 | -49,136 |
Net operating cash flows of discontinued operations | ||||||
-20,463 | 39,757 | 45,303 | -22,674 | -10,594 | - | - |
Net cash provided by operating activities | ||||||
744,627 | 326,570 | 1,310,596 | 882,892 | -147,704 | 561,669 | 2,229,941 |
Acquisition of DEMP, less cash acquired | ||||||
85,215 | 66,049 | 32,810 | 70,044 | - | 0 | - |
Acquisition of Cognor, less cash acquired | ||||||
- | - | 24,172 | - | - | - | - |
Acquisition of Lomprom Rostov, less cash acquired | ||||||
- | - | 24 | - | - | - | - |
Acquisition of Port Vanino | ||||||
- | 662,911 | - | - | - | - | - |
Disposal of Port Vanino | ||||||
- | 664,006 | - | - | - | - | - |
Acquisition of other subsidiaries, less cash acquired | ||||||
- | -894 | - | 5,643 | - | - | - |
Purchase of trading and investment securities | ||||||
2,160 | - | - | - | - | - | - |
Acquisition of Oriel, less cash acquired | ||||||
- | - | - | - | - | - | 1,439,600 |
Acquisition of Ductil Steel S.A., less cash acquired | ||||||
- | - | - | - | - | - | 197,621 |
Acquisition of HBL, less cash acquired | ||||||
- | - | - | - | - | -8,387 | 14,593 |
Acquisition of the BCG Companies, less cash acquired | ||||||
- | - | - | - | - | 4,908 | 438,623 |
Acquisition of TPP Rousse, less cash acquired | ||||||
- | - | - | - | 70,181 | 0 | - |
Acquisition of SC Donau Commodities SRL, less cash acquired | ||||||
- | - | - | - | 11,040 | 0 | - |
Acquisition of Ramateks, less cash acquired | ||||||
- | - | - | - | 2,640 | 0 | - |
Acquisition of other subsidiaries, less cash acquired | ||||||
- | - | - | - | 5,621 | -8,022 | - |
Capital contribution in affiliates | ||||||
- | - | - | 571 | - | - | - |
Investments in asset trust management | ||||||
- | - | - | - | - | 45,592 | - |
Proceeds from asset trust management | ||||||
- | - | - | - | 7,126 | 38,720 | - |
Proceeds from disposal of investments in affiliates | ||||||
- | - | 2,998 | 6 | 2,834 | 2,343 | - |
Proceeds from disposal of securities | ||||||
15,855 | 1,111 | - | - | 9,346 | 6,913 | 7,457 |
Loans issued and other investments | ||||||
983 | 1,524 | 4,447 | - | - | - | - |
Proceeds from loans issued and other investments | ||||||
1,860 | 7,328 | 217,786 | - | - | - | - |
Cash flows from financing activities | ||||||
Short-term loans issued and other investments | ||||||
- | - | - | 1,089,850 | 275,811 | 137,276 | - |
Proceeds from short-term loans issued | ||||||
- | - | - | 353,620 | 207,132 | 46,803 | -930 |
Proceeds from disposals of property, plant and equipment | ||||||
24,191 | 15,170 | 22,872 | 20,273 | 9,768 | 2,403 | 3,644 |
Prepayment for the participation in auction | ||||||
- | - | - | 7,869 | - | - | - |
Purchases of mineral licenses and other related payments | ||||||
- | 2,238 | 6,079 | 23,088 | - | -2,299 | 4,344 |
Purchases of property, plant and equipment | ||||||
443,668 | 550,188 | 943,963 | 1,761,280 | 991,552 | -610,445 | 1,166,987 |
Net investing cash flows of discontinued operations | ||||||
-114 | -26,160 | -73,938 | -33,786 | 233 | - | - |
Net cash used in investing activities | ||||||
-472,296 | -179,589 | -839,137 | -2,618,232 | -1,120,406 | -709,931 | -3,249,737 |
Proceeds from borrowings | ||||||
1,815,966 | 2,958,658 | 3,934,642 | 5,891,730 | 8,181,372 | 4,434,998 | - |
Repayment of borrowings | ||||||
2,185,343 | 2,935,382 | 4,191,946 | 3,530,275 | 6,872,133 | -3,803,353 | - |
Proceeds from short-term borrowings | ||||||
- | - | - | - | - | - | 5,593,547 |
Repayment of short-term borrowings | ||||||
- | - | - | - | - | - | 3,856,110 |
Dividends paid | ||||||
112 | 222 | 186,443 | 210,233 | 23,325 | -208,066 | 467,916 |
Dividends paid to noncontrolling interest | ||||||
136 | 7,496 | 29,054 | - | - | - | - |
Proceeds from long-term debt | ||||||
- | - | - | - | - | - | 99,377 |
Repayment of long-term debt | ||||||
- | - | - | - | - | - | 21,388 |
Acquisition of noncontrolling interest in subsidiaries | ||||||
40,043 | 45,536 | 632 | 283 | 17,481 | -14,631 | 51,346 |
Repayment of obligations under finance lease | ||||||
44,312 | 138,225 | 121,207 | 99,269 | 55,718 | -33,514 | 48,541 |
Sale leaseback proceeds | ||||||
18,210 | 74,340 | 3,143 | 35,049 | - | - | - |
Net financing cash flows of discontinued operations | ||||||
-2,719 | -68,208 | -200,509 | -7,685 | -2,589 | - | - |
Net cash used in financing activities | ||||||
-438,489 | -162,071 | -792,006 | 2,079,034 | 1,210,126 | 375,434 | 1,247,623 |
Effect of exchange rate changes on cash and cash equivalents | ||||||
-35,965 | -5,328 | -27,875 | -41,115 | -16,287 | -67,315 | -209,767 |
Net decrease in cash and cash equivalents | ||||||
-202,123 | -20,418 | -348,422 | 302,579 | -74,271 | 159,857 | 18,060 |
Interest paid, net of amount capitalized | ||||||
453,190 | 642,546 | 548,858 | 531,527 | 583,899 | 383,385 | -266,010 |
Income taxes paid | ||||||
58,739 | 57,741 | 212,962 | 529,844 | 209,991 | -27,233 | -750,863 |
Acquisition of equipment under finance lease | ||||||
67,462 | 53,163 | 131,846 | 427,000 | 141,541 | 19,741 | 10,637 |
Issuance of preferred shares for the acquisition of the BCG Companies | ||||||
- | - | - | - | - | 496,159 | - |