ÐÇ¿Õ´«Ã½

Quarterly report pursuant to Section 13 or 15(d)

SEGMENT REPORTING (Tables)

v3.19.1
SEGMENT REPORTING (Tables)
 3 Months Ended
Mar. 31, 2019
Segment Reporting [Abstract] Ìý
Schedule Of Segment Reporting Information, By Segment
The following tables present a summary of our reportable segments including a reconciliation of segment sales margin to Income (loss) from Continuing Operations Before Income Taxes and a reconciliation of Net loss to EBITDA and Adjusted EBITDA:
Ìý
(In Millions)
Ìý
Three Months Ended
March 31,
Ìý
2019
Ìý
2018
Revenues from product sales and services:
Ìý
Ìý
Ìý
Mining and Pelletizing
$
157.0

Ìý
$
180.0

Ìý
Ìý
Ìý
Ìý
Sales margin:
Ìý
Ìý
Ìý
Mining and Pelletizing
$
30.9

Ìý
$
61.5

Other operating expense
(31.7
)
Ìý
(31.2
)
Other expense
(25.0
)
Ìý
(28.0
)
Income (loss) from continuing operations before income taxes
$
(25.8
)
Ìý
$
2.3

Ìý
(In Millions)
Ìý
Three Months Ended
March 31,
Ìý
2019
Ìý
2018
Net loss
$
(22.1
)
Ìý
$
(84.3
)
Less:
Ìý
Ìý
Ìý
Interest expense, net
(25.1
)
Ìý
(33.5
)
Income tax benefit (expense)
3.7

Ìý
(15.7
)
Depreciation, depletion and amortization
(19.9
)
Ìý
(23.9
)
EBITDA
$
19.2

Ìý
$
(11.2
)
Less:
Ìý
Ìý
Ìý
Foreign exchange remeasurement
$
0.1

Ìý
$
(0.4
)
Impact of discontinued operations
—

Ìý
(63.1
)
Loss on extinguishment of debt
(0.3
)
Ìý
—

Severance costs
(1.7
)
Ìý
—

Adjusted EBITDA
$
21.1

Ìý
$
52.3

Ìý
Ìý
Ìý
Ìý
EBITDA:
Ìý
Ìý
Ìý
Mining and Pelletizing
$
42.8

Ìý
$
72.5

Metallics
(0.8
)
Ìý
(0.3
)
Corporate and Other (including discontinued operations)
(22.8
)
Ìý
(83.4
)
Total EBITDA
$
19.2

Ìý
$
(11.2
)
Ìý
Ìý
Ìý
Ìý
Adjusted EBITDA:
Ìý
Ìý
Ìý
Mining and Pelletizing
$
47.5

Ìý
$
77.1

Metallics
(0.8
)
Ìý
(0.3
)
Corporate
(25.6
)
Ìý
(24.5
)
Total Adjusted EBITDA
$
21.1

Ìý
$
52.3

The following table summarizes our depreciation, depletion and amortization expense and capital additions:
Ìý
(In Millions)
Ìý
Three Months Ended
March 31,
Ìý
2019
Ìý
2018
Depreciation, depletion and amortization:
Ìý
Ìý
Ìý
Mining and Pelletizing
$
18.5

Ìý
$
15.8

Corporate
1.4

Ìý
1.4

Total depreciation, depletion and amortization
$
19.9

Ìý
$
17.2

Ìý
Ìý
Ìý
Ìý
Capital additions1:
Ìý
Ìý
Ìý
Mining and Pelletizing
$
46.8

Ìý
$
18.7

Metallics
82.4

Ìý
60.0

Corporate
0.1

Ìý
0.2

Total capital additions
$
129.3

Ìý
$
78.9

Ìý
Ìý
Ìý
Ìý
1 Refer to NOTE 17 - CASH FLOW INFORMATION for additional information.
Reconciliation of Assets from Segment to Consolidated [Table Text Block]
A summary of assets by segment is as follows:
Ìý
(In Millions)
Ìý
MarchÌý31,
2019
Ìý
DecemberÌý31,
2018
Assets:
Ìý
Ìý
Ìý
Mining and Pelletizing
$
1,774.5

Ìý
$
1,694.1

Metallics
350.0

Ìý
265.9

Total segment assets
2,124.5

Ìý
1,960.0

Corporate and Other (including discontinued operations)
1,181.8

Ìý
1,569.6

Total assets
$
3,306.3

Ìý
$
3,529.6