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10-Q Filing

CENTURY ALUMINUM CO CIK: 949157 Q1 2012
Filing Information
Form Type 10-Q
Accession Number 0000949157-12-000032
Period End Date 20120331
Filing Date 20120510
Fiscal Year 2012
Fiscal Period Q1
XBRL Instance cenx-20120331.xml
Filing Contents
Balance Sheet 78 line items
Line Item Tag Value Unit Period
Series A Preferred stock, par value (in dollars per share) PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Series A Preferred stock, par value (in dollars per share) PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Series A Preferred stock, shares authorized (in shares) PreferredStockSharesAuthorized 5.00M shares Point-in-time
Series A Preferred stock, shares authorized (in shares) PreferredStockSharesAuthorized 5.00M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $182.54M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $293.49M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $304.30M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $183.40M USD Point-in-time
Accounts receivable net AccountsReceivableNetCurrent $50.53M USD Point-in-time
Series A Preferred stock, shares issued (in shares) PreferredStockSharesIssued 80,718.00 shares Point-in-time
Series A Preferred stock, shares issued (in shares) PreferredStockSharesIssued 80,696.00 shares Point-in-time
Accounts receivable net AccountsReceivableNetCurrent $47.65M USD Point-in-time
Series A Preferred stock, shares outstanding (in shares) PreferredStockSharesOutstanding 80,718.00 shares Point-in-time
Due from affiliates DueFromRelatedPartiesCurrent $44.66M USD Point-in-time
Due from affiliates DueFromRelatedPartiesCurrent $39.22M USD Point-in-time
Series A Preferred stock, shares outstanding (in shares) PreferredStockSharesOutstanding 80,696.00 shares Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Inventories InventoryNet $170.30M USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Inventories InventoryNet $171.96M USD Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 195.00M shares Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 195.00M shares Point-in-time
Prepaid and other current assets PrepaidExpenseAndOtherAssetsCurrent $40.65M USD Point-in-time
Prepaid and other current assets PrepaidExpenseAndOtherAssetsCurrent $43.85M USD Point-in-time
Total current assets AssetsCurrent $488.32M USD Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 93.23M shares Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 93.24M shares Point-in-time
Total current assets AssetsCurrent $486.44M USD Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 88.45M shares Point-in-time
Property, plant and equipment net PropertyPlantAndEquipmentNet $1.21B USD Point-in-time
Property, plant and equipment net PropertyPlantAndEquipmentNet $1.22B USD Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 88.84M shares Point-in-time
Other assets OtherAssetsNoncurrent $104.88M USD Point-in-time
Other assets OtherAssetsNoncurrent $104.55M USD Point-in-time
TOTAL Assets $1.81B USD Point-in-time
TOTAL Assets $1.80B USD Point-in-time
Accounts payable, trade AccountsPayableTradeCurrent $86.17M USD Point-in-time
Accounts payable, trade AccountsPayableTradeCurrent $74.99M USD Point-in-time
Due to affiliates DueToRelatedPartiesCurrent $41.54M USD Point-in-time
Due to affiliates DueToRelatedPartiesCurrent $41.90M USD Point-in-time
Accrued and other current liabilities AccruedLiabilitiesCurrent $48.92M USD Point-in-time
Accrued and other current liabilities AccruedLiabilitiesCurrent $40.78M USD Point-in-time
Accrued employee benefits costs current portion PostemploymentBenefitsLiabilityCurrent $16.70M USD Point-in-time
Accrued employee benefits costs current portion PostemploymentBenefitsLiabilityCurrent $16.19M USD Point-in-time
Industrial revenue bonds IndustrialRevenueBonds $7.82M USD Point-in-time
Industrial revenue bonds IndustrialRevenueBonds $7.82M USD Point-in-time
Total current liabilities LiabilitiesCurrent $193.37M USD Point-in-time
Total current liabilities LiabilitiesCurrent $189.45M USD Point-in-time
Senior notes payable SeniorLongTermNotes $249.51M USD Point-in-time
Senior notes payable SeniorLongTermNotes $249.77M USD Point-in-time
Accrued pension benefits costs less current portion DefinedBenefitPensionPlanLiabilitiesNoncurrent $70.90M USD Point-in-time
Accrued pension benefits costs less current portion DefinedBenefitPensionPlanLiabilitiesNoncurrent $68.27M USD Point-in-time
Accrued postretirement benefits costs less current portion OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent $128.92M USD Point-in-time
Accrued postretirement benefits costs less current portion OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent $128.08M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $40.01M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $39.47M USD Point-in-time
Deferred taxes DeferredTaxLiabilitiesNoncurrent $90.96M USD Point-in-time
Deferred taxes DeferredTaxLiabilitiesNoncurrent $90.81M USD Point-in-time
Total noncurrent liabilities LiabilitiesNoncurrent $577.23M USD Point-in-time
Total noncurrent liabilities LiabilitiesNoncurrent $579.45M USD Point-in-time
COMMITMENTS AND CONTINGENCIES (NOTE 9) CommitmentsAndContingencies - USD Point-in-time
COMMITMENTS AND CONTINGENCIES (NOTE 9) CommitmentsAndContingencies - USD Point-in-time
Series A Preferred stock (one cent par value, 5,000,000 shares authorized; 80,696 and 80,718 shares issued and outstanding at March 31, 2012 and December 31, 2011, respectively) PreferredStockValue $1.00K USD Point-in-time
Series A Preferred stock (one cent par value, 5,000,000 shares authorized; 80,696 and 80,718 shares issued and outstanding at March 31, 2012 and December 31, 2011, respectively) PreferredStockValue $1.00K USD Point-in-time
Common stock (one cent par value, 195,000,000 shares authorized; 93,236,177 issued and 88,449,656 shares outstanding at March 31, 2012 and 93,230,848 issued and 88,844,327 outstanding at December 31, 2011, respectively) CommonStockValue $932.00K USD Point-in-time
Common stock (one cent par value, 195,000,000 shares authorized; 93,236,177 issued and 88,449,656 shares outstanding at March 31, 2012 and 93,230,848 issued and 88,844,327 outstanding at December 31, 2011, respectively) CommonStockValue $932.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $2.51B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $2.51B USD Point-in-time
Treasury stock, at cost TreasuryStockValue $45.89M USD Point-in-time
Treasury stock, at cost TreasuryStockValue $49.92M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-133.83M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-134.59M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-1.29B USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-1.29B USD Point-in-time
Total shareholders' equity StockholdersEquity $1.04B USD Point-in-time
Total shareholders' equity StockholdersEquity $1.03B USD Point-in-time
TOTAL LiabilitiesAndStockholdersEquity $1.81B USD Point-in-time
TOTAL LiabilitiesAndStockholdersEquity $1.80B USD Point-in-time
Income Statement 44 line items
Line Item Tag Value Unit Period
Third-party customers SalesRevenueGoodsNet $188.84M USD 1 Quarter
Third-party customers SalesRevenueGoodsNet $188.31M USD 1 Quarter
Related parties RevenueFromRelatedParties $137.35M USD 1 Quarter
Related parties RevenueFromRelatedParties $138.03M USD 1 Quarter
Sales Revenue net SalesRevenueNet $326.34M USD 1 Quarter
Sales Revenue net SalesRevenueNet $326.19M USD 1 Quarter
Cost of goods sold CostOfGoodsSold $305.60M USD 1 Quarter
Cost of goods sold CostOfGoodsSold $284.02M USD 1 Quarter
Gross profit GrossProfit $20.59M USD 1 Quarter
Gross profit GrossProfit $42.32M USD 1 Quarter
Other operating expense (income) net OperatingCostsAndExpenses $3.72M USD 1 Quarter
Other operating expense (income) net OperatingCostsAndExpenses $-5.88M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $8.46M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $10.61M USD 1 Quarter
Operating income OperatingIncomeLoss $37.59M USD 1 Quarter
Operating income OperatingIncomeLoss $8.41M USD 1 Quarter
Interest expense third party InterestExpense $5.98M USD 1 Quarter
Interest expense third party InterestExpense $6.78M USD 1 Quarter
Interest income third party InvestmentIncomeInterest $155.00K USD 1 Quarter
Interest income third party InvestmentIncomeInterest $138.00K USD 1 Quarter
Interest income related parties InvestmentIncomeRelatedParties $60.00K USD 1 Quarter
Interest income related parties InvestmentIncomeRelatedParties $113.00K USD 1 Quarter
Net loss on forward contracts GainLossOnDerivativeInstrumentsNetPretax $-5.16M USD 1 Quarter
Net loss on forward contracts GainLossOnDerivativeInstrumentsNetPretax $-4.81M USD 1 Quarter
Other income - net OtherNonoperatingExpense $-306.00K USD 1 Quarter
Other income - net OtherNonoperatingExpense $-677.00K USD 1 Quarter
Income (loss) before income taxes and equity in earnings of joint ventures IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $26.95M USD 1 Quarter
Income (loss) before income taxes and equity in earnings of joint ventures IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $-2.22M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $2.82M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $3.12M USD 1 Quarter
Income (loss) before equity in earnings of joint ventures IncomeLossAfterIncomeTaxesBeforeIncomeLossFromEquityMethodInvestments $-5.04M USD 1 Quarter
Income (loss) before equity in earnings of joint ventures IncomeLossAfterIncomeTaxesBeforeIncomeLossFromEquityMethodInvestments $23.83M USD 1 Quarter
Equity in earnings of joint ventures IncomeLossFromEquityMethodInvestments $1.22M USD 1 Quarter
Equity in earnings of joint ventures IncomeLossFromEquityMethodInvestments $641.00K USD 1 Quarter
Net income (loss) NetIncomeLoss $-4.40M USD 1 Quarter
Net income (loss) NetIncomeLoss $25.05M USD 1 Quarter
Net income (loss) allocated to common shareholders IncomeLossFromContinuingOperations $-4.40M USD 1 Quarter
Net income (loss) allocated to common shareholders IncomeLossFromContinuingOperations $23.00M USD 1 Quarter
Basic and Diluted (in dollars per share) EarningsPerShareBasicAndDiluted $0.25 USD 1 Quarter
Basic and Diluted (in dollars per share) EarningsPerShareBasicAndDiluted $-0.05 USD 1 Quarter
Basic (in thousands of shares) WeightedAverageNumberOfSharesIssuedBasic 88.73M shares 1 Quarter
Basic (in thousands of shares) WeightedAverageNumberOfSharesIssuedBasic 92.97M shares 1 Quarter
Diluted (in thousands of shares) WeightedAverageNumberDilutedSharesOutstandingAdjustment 88.73M shares 1 Quarter
Diluted (in thousands of shares) WeightedAverageNumberDilutedSharesOutstandingAdjustment 93.30M shares 1 Quarter
Cash Flow Statement 66 line items
Line Item Tag Value Unit Period
Net income (loss) NetIncomeLoss $-4.40M USD 1 Quarter
Net income (loss) NetIncomeLoss $25.05M USD 1 Quarter
Unrealized net loss on forward contracts UnrealizedGainLossOnCommodityContracts $-4.71M USD 1 Quarter
Unrealized net loss on forward contracts UnrealizedGainLossOnCommodityContracts $-4.96M USD 1 Quarter
Accrued and other plant curtailment costs net PaymentsForCurtailment $-1.37M USD 1 Quarter
Accrued and other plant curtailment costs net PaymentsForCurtailment $9.62M USD 1 Quarter
Lower of cost or market inventory adjustment InventoryWriteDown $-17.05M USD 1 Quarter
Lower of cost or market inventory adjustment InventoryWriteDown $-139.00K USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $15.65M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $15.93M USD 1 Quarter
Debt discount amortization AmortizationOfDebtDiscountPremium $256.00K USD 1 Quarter
Debt discount amortization AmortizationOfDebtDiscountPremium $821.00K USD 1 Quarter
Pension and other postretirement benefits PensionAndOtherPostretirementBenefitExpense $-1.14M USD 1 Quarter
Pension and other postretirement benefits PensionAndOtherPostretirementBenefitExpense $-11.06M USD 1 Quarter
Stock-based compensation ShareBasedCompensation $145.00K USD 1 Quarter
Stock-based compensation ShareBasedCompensation $488.00K USD 1 Quarter
Undistributed earnings of joint ventures IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions $641.00K USD 1 Quarter
Undistributed earnings of joint ventures IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions $1.22M USD 1 Quarter
Accounts receivable net IncreaseDecreaseInAccountsReceivable $-7.52M USD 1 Quarter
Accounts receivable net IncreaseDecreaseInAccountsReceivable $2.88M USD 1 Quarter
Due from affiliates IncreaseDecreaseInDueFromRelatedPartiesCurrent $-8.77M USD 1 Quarter
Due from affiliates IncreaseDecreaseInDueFromRelatedPartiesCurrent $249.00K USD 1 Quarter
Inventories IncreaseDecreaseInInventories $7.92M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $-18.71M USD 1 Quarter
Prepaid and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $29.90M USD 1 Quarter
Prepaid and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $5.37M USD 1 Quarter
Accounts payable, trade IncreaseDecreaseInAccountsPayableTrade $-4.73M USD 1 Quarter
Accounts payable, trade IncreaseDecreaseInAccountsPayableTrade $-11.44M USD 1 Quarter
Due to affiliates IncreaseDecreaseInDueToRelatedPartiesCurrent $-2.72M USD 1 Quarter
Due to affiliates IncreaseDecreaseInDueToRelatedPartiesCurrent $-360.00K USD 1 Quarter
Accrued and other current liabilities IncreaseDecreaseInAccruedLiabilities $7.00M USD 1 Quarter
Accrued and other current liabilities IncreaseDecreaseInAccruedLiabilities $3.40M USD 1 Quarter
Other net IncreaseDecreaseInOtherOperatingCapitalNet $3.00M USD 1 Quarter
Other net IncreaseDecreaseInOtherOperatingCapitalNet $-335.00K USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivities $-3.63M USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivities $4.90M USD 1 Quarter
Purchase of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $3.13M USD 1 Quarter
Purchase of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $2.90M USD 1 Quarter
Nordural expansion PaymentsToAcquireProjects $1.95M USD 1 Quarter
Nordural expansion PaymentsToAcquireProjects $4.05M USD 1 Quarter
Investments in and advances to joint ventures PaymentsToAcquireInterestInJointVenture - USD 1 Quarter
Investments in and advances to joint ventures PaymentsToAcquireInterestInJointVenture $100.00K USD 1 Quarter
Payments received on advances from joint ventures ProceedsFromCollectionOfLongtermLoansToRelatedParties $3.17M USD 1 Quarter
Payments received on advances from joint ventures ProceedsFromCollectionOfLongtermLoansToRelatedParties - USD 1 Quarter
Proceeds from sale of property, plant and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $58.00K USD 1 Quarter
Proceeds from sale of property, plant and equipment ProceedsFromSaleOfPropertyPlantAndEquipment - USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-1.72M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-7.18M USD 1 Quarter
Borrowings under revolving credit facility ProceedsFromSecuredLinesOfCredit $18.08M USD 1 Quarter
Borrowings under revolving credit facility ProceedsFromSecuredLinesOfCredit - USD 1 Quarter
Repayments under revolving credit facility RepaymentsOfLinesOfCredit $18.08M USD 1 Quarter
Repayments under revolving credit facility RepaymentsOfLinesOfCredit - USD 1 Quarter
Repurchase of common stock PaymentsForRepurchaseOfCommonStock - USD 1 Quarter
Repurchase of common stock PaymentsForRepurchaseOfCommonStock $4.03M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities - USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $-4.03M USD 1 Quarter
CHANGE IN CASH AND CASH EQUIVALENTS CashAndCashEquivalentsPeriodIncreaseDecrease $-856.00K USD 1 Quarter
CHANGE IN CASH AND CASH EQUIVALENTS CashAndCashEquivalentsPeriodIncreaseDecrease $-10.81M USD 1 Quarter
Cash and cash equivalents, beginning of the period CashAndCashEquivalentsAtCarryingValue $182.54M USD Point-in-time
Cash and cash equivalents, beginning of the period CashAndCashEquivalentsAtCarryingValue $293.49M USD Point-in-time
Cash and cash equivalents, beginning of the period CashAndCashEquivalentsAtCarryingValue $304.30M USD Point-in-time
Cash and cash equivalents, beginning of the period CashAndCashEquivalentsAtCarryingValue $183.40M USD Point-in-time
Cash and cash equivalents, end of the period CashAndCashEquivalentsAtCarryingValue $182.54M USD Point-in-time
Cash and cash equivalents, end of the period CashAndCashEquivalentsAtCarryingValue $293.49M USD Point-in-time
Cash and cash equivalents, end of the period CashAndCashEquivalentsAtCarryingValue $304.30M USD Point-in-time
Cash and cash equivalents, end of the period CashAndCashEquivalentsAtCarryingValue $183.40M USD Point-in-time
Comprehensive Income 20 line items
Line Item Tag Value Unit Period
Net income (loss) NetIncomeLoss $-4.40M USD 1 Quarter
Net income (loss) NetIncomeLoss $25.05M USD 1 Quarter
Net unrealized loss on financial instruments OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax $-11.00K USD 1 Quarter
Net unrealized loss on financial instruments OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax $-246.00K USD 1 Quarter
Net loss (gain) reclassified to income on financial instruments OtherComprehensiveIncomeReclassificationAdjustmentOnDerivativesIncludedInNetIncomeBeforeTax $-272.00K USD 1 Quarter
Net loss (gain) reclassified to income on financial instruments OtherComprehensiveIncomeReclassificationAdjustmentOnDerivativesIncludedInNetIncomeBeforeTax $6.00K USD 1 Quarter
Net gain on foreign currency cash flow hedges reclassified to income ForeignCurrencyCashFlowHedgeGainLossReclassifiedToEarningsNet $47.00K USD 1 Quarter
Net gain on foreign currency cash flow hedges reclassified to income ForeignCurrencyCashFlowHedgeGainLossReclassifiedToEarningsNet $46.00K USD 1 Quarter
Amortization of prior service benefit OtherComprehensiveIncomeAmortizationOfDefinedBenefitPlanNetPriorServiceCostCreditRecognizedInNetPeriodicBenefitCostBeforeTax $1.02M USD 1 Quarter
Amortization of prior service benefit OtherComprehensiveIncomeAmortizationOfDefinedBenefitPlanNetPriorServiceCostCreditRecognizedInNetPeriodicBenefitCostBeforeTax $15.12M USD 1 Quarter
Amortization of net loss OtherComprehensiveIncomeReclassificationOfDefinedBenefitPlansNetGainLossRecognizedInNetPeriodicBenefitCostBeforeTax $2.18M USD 1 Quarter
Amortization of net loss OtherComprehensiveIncomeReclassificationOfDefinedBenefitPlansNetGainLossRecognizedInNetPeriodicBenefitCostBeforeTax $6.29M USD 1 Quarter
Other comprehensive income (loss) before income tax effect OtherComprehensiveIncomeLossBeforeTaxPeriodIncreaseDecrease $-8.90M USD 1 Quarter
Other comprehensive income (loss) before income tax effect OtherComprehensiveIncomeLossBeforeTaxPeriodIncreaseDecrease $1.14M USD 1 Quarter
Income tax effect OtherComprehensiveIncomeLossTax $382.00K USD 1 Quarter
Income tax effect OtherComprehensiveIncomeLossTax $2.46M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease $-11.36M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease $756.00K USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-3.65M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $13.69M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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