SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT –January 25, 2005
(Date of Earliest Event Reported)
AK STEEL HOLDING CORPORATION
(Exact name of registrant as specified in its charter)
Commission File No. 1-13696
| Delaware | 31-1401455 | |
| (State of Incorporation) | (I.R.S. Employer Identification No.) | |
| 703 Curtis Street, Middletown, OH | 45043 | |
| (Address of principal executive offices) | (Zip Code) | |
Registrant’s telephone number, including area code: (513) 425-5000
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Solicitation material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 2.02 Results of Operations and Financial Condition
The following schedule reflects the reconciliation of Non-GAAP measures that will be discussed in the fourth quarter and full year 2004 analysts’ conference call to be held on January 25, 2005 at 11:00 a.m.
Supplemental Information
| EBITDA (Dollars in millions)
|
Three Months Ended December 31, |
Twelve Months Ended December 31, |
||||||||||||||
| 2004 |
2003 |
2004 |
2003 |
|||||||||||||
| EBITDA |
$ | 146 | $ | 23 | $ | 463 | $ | (84 | ) | |||||||
| Depreciation |
(47 | ) | (50 | ) | (206 | ) | (222 | ) | ||||||||
| Amortization |
— | (1 | ) | (6 | ) | (5 | ) | |||||||||
| Goodwill impairment |
— | — | — | (101 | ) | |||||||||||
| Corridor charge |
(331 | ) | (240 | ) | (331 | ) | (240 | ) | ||||||||
| Operating loss |
$ | (232 | ) | $ | (268 | ) | $ | (80 | ) | $ | (652 | ) | ||||
| EBITDA per ton |
||||||||||||||||
| EBITDA per ton |
$ | 90 | $ | 15 | $ | 74 | $ | (14 | ) | |||||||
| Depreciation per ton |
(29 | ) | (32 | ) | (33 | ) | (38 | ) | ||||||||
| Amortization per ton |
— | (1 | ) | (1 | ) | (1 | ) | |||||||||
| Goodwill impairment per ton |
— | — | — | (18 | ) | |||||||||||
| Corridor charge per ton |
(203 | ) | (154 | ) | (53 | ) | (41 | ) | ||||||||
| Operating loss per ton |
$ | (142 | ) | $ | (172 | ) | $ | (13 | ) | $ | (112 | ) | ||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| AK STEEL HOLDING CORPORATION | ||
| By: |
/s/ David C. Horn | |
| David C. Horn | ||
| Secretary | ||
Dated: January 25, 2005