21 I5 Arial5! Arial5" Arial5# Arial5$ Arial5% Arial5& Arial5' 0Courier New5(  Arial5)  Arial5* Arial5+ Arial5, Arial5- Arial5.Arial !!""            !!!"!#!$!%  && ''( )'* +& ,  -'.(/(0) 1( 2(3*4*5+ 6* 7*8*9*:,;, <,=+>*?-@, @ @ @  @  @  @  @  @@ @@ @@ @@ @@ @@  @@  @@  @@  @@  @@  @@  @@  @@  @@  @  @@  @@  @  @@  @@  @@  @@  @@ @@ ! @@ " @@ # @@ $ @@ % @ & @ ' @@ ( @ ) @ * @ + @ , @@ - @@ . @@ / @ 0 @ 1 @@ 2 @ 3 @@ 4 @@ 5 @@ 6 @@ 7 @@ 8 @@ 9 @ : @ <@ =@ >@ ?@ A @ B @ C @ E @@ G @ H @@ I @ J @@ K @@ L @@ M @ N @@ P @@ Q @@ R @@ T @@ V @@ W @@ Y @@ Z @@ \ @ ] @@ ^ @@ ` @@ a @@ b @ c @ e@ f@ g@ h@j @k @l @m @@ n @o @@ p @ q @ r @@ s @@ t @@ u @@ v @@ w @ x @@ y @@ z @@ { @@ | @@ } @@ ~ @@  @@ @@ @ @@ @@ @@ @@ @ @@ @@ @@ @@ @@ @@ @@ @@ @@ @@ @@ @@ @@ @@ @@ @ @ q@' q@' q@'q0*:'ALLEGHENY TECHNOLOGIES INCORPORATED AND SUBSIDIARIES!'CONSOLIDATED BALANCE SHEETS7'(In millions, except share and per share amounts)^September 30,^December 31, ^2002 ^2001^(Unaudited)^(Audited) 'ASSETS'Cash and cash equivalents"$ 75.2"$ 33.7 'Accounts receivable, net "254.6 "274.6 'Inventories, net "420.4 "508.4# 'Accrued income tax receivable "25.2 "48.5 'Deferred income taxes "31.9 "33.5/ 'Prepaid expenses and other current assets "27.4 "27.4'Total Current Assets "834.7 "926.1('Property, plant and equipment, net "802.5 "828.9'Prepaid pension cost "640.1 "632.9+'Cost in excess of net assets acquired "192.8 "188.4'Other assets "78.7 "66.9'TOTAL ASSETS"$ 2,548.8"$ 2,643.2*'LIABILITIES AND STOCKHOLDERS' EQUITY'Accounts payable"$ 167.9"$ 155.3'Accrued liabilities "182.6 "168.2)'Short-term debt and current portion'of long-term debt "16.1 "9.2'Total Current Liabilities "366.6 "332.7'Long-term debt "508.6 "573.0%'Accrued postretirement benefits "500.0 "506.1 'Deferred income taxes "170.0 "153.7 !'Other !"110.7 !"133.0#'TOTAL LIABILITIES #"1,655.9 #"1,698.5%'STOCKHOLDERS' EQUITY:3&'Preferred stock, par value $0.10: authorized-$''50,000,000 shares; issued-none'"--'"--;('Common stock, par value $0.10, authorized-500,000,0007)'shares; issued-98,951,490 shares at September 30,8*'2002 and December 31, 2001; outstanding-80,635,9168+'shares at September 30, 2002 and 80,314,624 shares,'at December 31, 2001 ,"9.9 ,"9.9 -'Additional paid-in capital -"481.2 -"481.2.'Retained earnings ."879.6 ."957.5*/'Treasury stock: 18,315,574 shares at.0'September 30, 2002 and 18,636,866 shares1'at December 31, 2001 1"(469.5) 1"(478.2)%2'Accumulated other comprehensive3'loss, net of tax 3"(8.3) 3"(25.7) 5'Total Stockholders' Equity 5"892.9 5"944.707'TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY7"$ 2,548.87"$ 2,643.2F:'The accompanying notes are an integral part of these statements.:<'ALLEGHENY TECHNOLOGIES INCORPORATED AND SUBSIDIARIES+='CONSOLIDATED STATEMENTS OF OPERATIONS,>'(In millions except per share amounts)?'(Unaudited)A^Three Months EndedA^Three Months EndedA^Nine Months EndedA^Nine Months EndedB^September 30,B^September 30,B^September 30,B^September 30, C^2002 C^2001 C^2002 C^2001 E'SalesE"$ 469.3E"$ 537.7E"$ 1,453.6E"$ 1,634.9G'Costs and expenses:H'Cost of sales H"419.7 H"470.3 H"1,316.5 H"1,431.0 I'Selling and administrativeJ'expenses J"47.1 J"45.3 J"146.9 J"146.2K'Restructuring costs K"5.5K"- K"5.5K"-$M'Income (loss) before interest,#N'other income and income taxes N"(3.0) N"22.1 N"(15.3) N"57.7P'Interest expense, net P"8.3 P"7.1 P"26.1 P"22.7Q'Other income (expense) Q"(2.3) Q"(0.5) Q"(0.7) Q"0.5'T'Income (loss) before income taxes T"(13.6) T"14.5 T"(42.1) T"35.5$V'Income tax provision (benefit) V"(6.1) V"6.5 V"(16.0) V"14.9Y'Net income (loss)Y"$ (7.5)Y"$ 8.0Y"$ (26.1)Y"$ 20.6"\'Basic and diluted net income]'(loss) per common share]"$ (0.09)]"$ 0.10]"$ (0.32)]"$ 0.26)`'Dividends declared per common share`"$ 0.20`"$ 0.20`"$ 0.60`"$ 0.60Fc'The accompanying notes are an integral part of these statements.:e'ALLEGHENY TECHNOLOGIES INCORPORATED AND SUBSIDIARIES+f'CONSOLIDATED STATEMENTS OF CASH FLOWSg'(In millions)h'(Unaudited)j^Nine Months Endedj^Nine Months Endedk^September 30,k^September 30, l^2002 l^2001n'OPERATING ACTIVITIES:o'Net income (loss)o"$ (26.1) o"$ 20.67p'Adjustments to reconcile net income (loss) to net,q'cash provided by operating activities:#r'Depreciation and amortization r"68.5 r"74.7s'Deferred income taxes s"18.4 s"(0.8)2t'Gains on sales of investments and businesses t"(2.4) t"(2.7)!u'Non-cash restructuring gain u"(1.7)u"-4v'Non-cash write-off of MetalSpectrum investmentv"- v"5.51w'Change in operating assets and liabilities:x'Inventories x"88.0 x"37.5!y'Income tax refunds received y"45.6y"-%z'Accrued income taxes receivable z"(22.3)z"-{'Accounts receivable {"20.2 {"14.8|'Accounts payable |"13.1 |"7.0}'Prepaid pension cost }"(7.3) }"(30.8)#~'Accrued liabilities and other ~"10.3 ~"(31.4)+'CASH PROVIDED BY OPERATING ACTIVITIES "204.3 "94.4'INVESTING ACTIVITIES:0'Purchases of property, plant and equipment "(35.9) "(78.3) 'Other "2.2 "7.4''CASH USED IN INVESTING ACTIVITIES "(33.7) "(70.9)'FINANCING ACTIVITIES:9'Net borrowings (repayments) under credit facilities "(72.7) "35.03'Payments on long-term debt and capital leases "(8.1) "(0.5)"'Borrowings on long-term debt"- "4.5%'Net increase (decrease) in debt "(80.8) "39.0'Dividends paid "(48.3) "(48.1) 'Other"- "(2.8)''CASH USED IN FINANCING ACTIVITIES "(129.1) "(11.9)+'INCREASE IN CASH AND CASH EQUIVALENTS "41.5 "11.68'CASH AND CASH EQUIVALENTS AT BEGINNING OF THE YEAR "33.7 "26.20'CASH AND CASH EQUIVALENTS AT END OF PERIOD "$ 75.2 "$ 37.8F'The accompanying notes are an integral part of these statements. 6Sheet1 6Sheet2 6Sheet3d_ ArialArial    O4!*d"""dFM3FM3 PropertyWK3WK3 Property  1 /1 1/1 1CMHdr1