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10-Q Filing

CENTURY ALUMINUM CO CIK: 949157 Q1 2014
Filing Information
Form Type 10-Q
Accession Number 0000949157-14-000021
Period End Date 20140331
Filing Date 20140509
Fiscal Year 2014
Fiscal Period Q1
XBRL Instance cenx-20140331.xml
Filing Contents
Balance Sheet 84 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
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $84.09M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $52.50M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $195.47M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $183.98M 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
Restricted cash RestrictedCashAndCashEquivalents $1.03M USD Point-in-time
Series A Preferred stock, shares issued (in shares) PreferredStockSharesIssued 160,000.00 shares Point-in-time
Restricted cash RestrictedCashAndCashEquivalents $1.70M USD Point-in-time
Series A Preferred stock, shares issued (in shares) PreferredStockSharesIssued 160,000.00 shares Point-in-time
Accounts receivable net AccountsReceivableNetCurrent $56.18M USD Point-in-time
Series A Preferred stock, shares outstanding (in shares) PreferredStockSharesOutstanding 79,620.00 shares Point-in-time
Series A Preferred stock, shares outstanding (in shares) PreferredStockSharesOutstanding 79,365.00 shares Point-in-time
Accounts receivable net AccountsReceivableNetCurrent $45.62M USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Due from affiliates DueFromRelatedPartiesCurrent $56.13M USD Point-in-time
Due from affiliates DueFromRelatedPartiesCurrent $43.59M USD Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 195.00M shares Point-in-time
Inventories InventoryNet $252.10M USD Point-in-time
Inventories InventoryNet $239.62M USD Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 195.00M shares Point-in-time
Prepaid and other current assets PrepaidExpenseAndOtherAssetsCurrent $32.28M USD Point-in-time
Prepaid and other current assets PrepaidExpenseAndOtherAssetsCurrent $35.20M USD Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 93.56M shares Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 93.50M shares Point-in-time
Deferred taxes DeferredTaxAssetsNetCurrent $13.61M USD Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 88.77M shares Point-in-time
Deferred taxes DeferredTaxAssetsNetCurrent $13.61M USD Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 88.71M shares Point-in-time
Total current assets AssetsCurrent $456.19M USD Point-in-time
Total current assets AssetsCurrent $471.06M USD Point-in-time
Property, plant and equipment net PropertyPlantAndEquipmentNet $1.25B USD Point-in-time
Property, plant and equipment net PropertyPlantAndEquipmentNet $1.24B USD Point-in-time
Other assets OtherAssetsNoncurrent $91.47M USD Point-in-time
Other assets OtherAssetsNoncurrent $90.77M USD Point-in-time
TOTAL Assets $1.81B USD Point-in-time
TOTAL Assets $1.79B USD Point-in-time
Accounts payable, trade AccountsPayableTradeCurrent $99.97M USD Point-in-time
Accounts payable, trade AccountsPayableTradeCurrent $108.49M USD Point-in-time
Due to affiliates DueToRelatedPartiesCurrent $74.38M USD Point-in-time
Due to affiliates DueToRelatedPartiesCurrent $53.58M USD Point-in-time
Accrued and other current liabilities AccruedLiabilitiesCurrent $51.64M USD Point-in-time
Accrued and other current liabilities AccruedLiabilitiesCurrent $69.47M USD Point-in-time
Accrued employee benefits costs PensionAndOtherPostretirementDefinedBenefitPlansCurrentLiabilities $8.43M USD Point-in-time
Accrued employee benefits costs PensionAndOtherPostretirementDefinedBenefitPlansCurrentLiabilities $8.41M 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 $247.76M USD Point-in-time
Total current liabilities LiabilitiesCurrent $242.24M USD Point-in-time
Senior notes payable SeniorLongTermNotes $246.62M USD Point-in-time
Senior notes payable SeniorLongTermNotes $246.53M USD Point-in-time
Accrued pension benefits costs less current portion DefinedBenefitPensionPlanLiabilitiesNoncurrent $39.85M USD Point-in-time
Accrued pension benefits costs less current portion DefinedBenefitPensionPlanLiabilitiesNoncurrent $39.98M USD Point-in-time
Accrued postretirement benefits costs less current portion OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent $131.20M USD Point-in-time
Accrued postretirement benefits costs less current portion OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent $129.28M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $37.74M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $36.98M USD Point-in-time
Deferred taxes DeferredTaxLiabilitiesNoncurrent $106.22M USD Point-in-time
Deferred taxes DeferredTaxLiabilitiesNoncurrent $106.72M USD Point-in-time
Total noncurrent liabilities LiabilitiesNoncurrent $561.50M USD Point-in-time
Total noncurrent liabilities LiabilitiesNoncurrent $559.62M USD Point-in-time
COMMITMENTS AND CONTINGENCIES (NOTE 10) CommitmentsAndContingencies - USD Point-in-time
COMMITMENTS AND CONTINGENCIES (NOTE 10) CommitmentsAndContingencies - USD Point-in-time
Series A Preferred stock (one cent par value, 5,000,000 shares authorized; 160,000 issued and 79,365 outstanding at March 31, 2014; 160,000 issued and 79,620 outstanding at December 31, 2013) PreferredStockValue $1.00K USD Point-in-time
Series A Preferred stock (one cent par value, 5,000,000 shares authorized; 160,000 issued and 79,365 outstanding at March 31, 2014; 160,000 issued and 79,620 outstanding at December 31, 2013) PreferredStockValue $1.00K USD Point-in-time
Common stock (one cent par value, 195,000,000 shares authorized; 93,557,964 issued and 88,771,443 outstanding at March 31, 2014; 93,496,798 issued and 88,710,277 outstanding at December 31, 2013) CommonStockValue $936.00K USD Point-in-time
Common stock (one cent par value, 195,000,000 shares authorized; 93,557,964 issued and 88,771,443 outstanding at March 31, 2014; 93,496,798 issued and 88,710,277 outstanding at December 31, 2013) CommonStockValue $935.00K 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 $49.92M USD Point-in-time
Treasury stock, at cost TreasuryStockValue $49.92M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-150.30M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-151.19M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-91.83M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-91.73M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-1.39B USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-1.36B USD Point-in-time
Total shareholders equity StockholdersEquity $983.12M USD Point-in-time
Total shareholders equity StockholdersEquity $1.00B USD Point-in-time
TOTAL LiabilitiesAndStockholdersEquity $1.79B USD Point-in-time
TOTAL LiabilitiesAndStockholdersEquity $1.81B USD Point-in-time
Income Statement 42 line items
Line Item Tag Value Unit Period
Third-party customers SalesRevenueGoodsNet $188.51M USD 1 Quarter
Third-party customers SalesRevenueGoodsNet $135.26M USD 1 Quarter
Related parties RevenueFromRelatedParties $132.76M USD 1 Quarter
Related parties RevenueFromRelatedParties $285.58M USD 1 Quarter
Sales Revenue net SalesRevenueNet $420.85M USD 1 Quarter
Sales Revenue net SalesRevenueNet $321.27M USD 1 Quarter
Cost of goods sold CostOfGoodsSold $422.61M USD 1 Quarter
Cost of goods sold CostOfGoodsSold $303.69M USD 1 Quarter
Gross profit (loss) GrossProfit $-1.76M USD 1 Quarter
Gross profit (loss) GrossProfit $17.58M USD 1 Quarter
Other operating expense net OtherOperatingIncomeExpenseNet $-2.41M USD 1 Quarter
Other operating expense net OtherOperatingIncomeExpenseNet $-1.10M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $10.06M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $16.30M USD 1 Quarter
Operating income (loss) OperatingIncomeLoss $-14.23M USD 1 Quarter
Operating income (loss) OperatingIncomeLoss $187.00K USD 1 Quarter
Interest expense third party InterestExpense $6.08M USD 1 Quarter
Interest expense third party InterestExpense $5.48M USD 1 Quarter
Interest income third party InterestIncomeOther $131.00K USD 1 Quarter
Interest income third party InterestIncomeOther $140.00K USD 1 Quarter
Net gain (loss) on forward and derivative contracts GainLossOnDerivativeInstrumentsNetPretax $15.51M USD 1 Quarter
Net gain (loss) on forward and derivative contracts GainLossOnDerivativeInstrumentsNetPretax $-879.00K USD 1 Quarter
Other income (expense) net OtherNonoperatingIncomeExpense $70.00K USD 1 Quarter
Other income (expense) net OtherNonoperatingIncomeExpense $-253.00K USD 1 Quarter
Income (loss) before income taxes and equity in earnings (losses) of joint ventures IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $9.82M USD 1 Quarter
Income (loss) before income taxes and equity in earnings (losses) of joint ventures IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $-20.70M USD 1 Quarter
Income tax benefit (expense) IncomeTaxExpenseBenefit $-1.09M USD 1 Quarter
Income tax benefit (expense) IncomeTaxExpenseBenefit $2.52M USD 1 Quarter
Income (loss) before equity in earnings (losses) of joint ventures IncomeLossAfterIncomeTaxesBeforeIncomeLossFromEquityMethodInvestments $-19.61M USD 1 Quarter
Income (loss) before equity in earnings (losses) of joint ventures IncomeLossAfterIncomeTaxesBeforeIncomeLossFromEquityMethodInvestments $7.30M USD 1 Quarter
Equity in earnings (losses) of joint ventures IncomeLossFromEquityMethodInvestments $951.00K USD 1 Quarter
Equity in earnings (losses) of joint ventures IncomeLossFromEquityMethodInvestments $-495.00K USD 1 Quarter
Net income (loss) NetIncomeLoss $8.25M USD 1 Quarter
Net income (loss) NetIncomeLoss $-20.10M USD 1 Quarter
Net income (loss) allocated to common shareholders NetIncomeLossAvailableToCommonStockholdersBasic $-20.10M USD 1 Quarter
Net income (loss) allocated to common shareholders NetIncomeLossAvailableToCommonStockholdersBasic $7.57M USD 1 Quarter
Basic and Diluted EarningsPerShareBasicAndDiluted $-0.23 USD 1 Quarter
Basic and Diluted EarningsPerShareBasicAndDiluted $0.09 USD 1 Quarter
Basic WeightedAverageNumberOfSharesIssuedBasic 88.56M shares 1 Quarter
Basic WeightedAverageNumberOfSharesIssuedBasic 88.72M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 88.72M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 89.02M shares 1 Quarter
Cash Flow Statement 68 line items
Line Item Tag Value Unit Period
Net income (loss) NetIncomeLoss $8.25M USD 1 Quarter
Net income (loss) NetIncomeLoss $-20.10M USD 1 Quarter
Unrealized gain on E.ON contingent obligation UnrealizedGainLossOnEOnObligation $353.00K USD 1 Quarter
Unrealized gain on E.ON contingent obligation UnrealizedGainLossOnEOnObligation $15.72M USD 1 Quarter
Accrued and other plant curtailment costs net PaymentsForCurtailment $-1.15M USD 1 Quarter
Accrued and other plant curtailment costs net PaymentsForCurtailment $-1.09M USD 1 Quarter
Lower of cost or market inventory adjustment InventoryWriteDown $5.84M USD 1 Quarter
Lower of cost or market inventory adjustment InventoryWriteDown $-1.11M USD 1 Quarter
Depreciation DepreciationDepletionAndAmortization $17.77M USD 1 Quarter
Depreciation DepreciationDepletionAndAmortization $15.69M USD 1 Quarter
Sebree power contract amortization AmortizationofAssumedPowerContractLiability - USD 1 Quarter
Sebree power contract amortization AmortizationofAssumedPowerContractLiability $-5.53M USD 1 Quarter
Debt discount amortization AmortizationOfDebtDiscountPremium $88.00K USD 1 Quarter
Debt discount amortization AmortizationOfDebtDiscountPremium $279.00K USD 1 Quarter
Pension and other postretirement benefits PensionAndOtherPostretirementBenefitExpense $2.61M USD 1 Quarter
Pension and other postretirement benefits PensionAndOtherPostretirementBenefitExpense $1.44M USD 1 Quarter
Stock-based compensation ShareBasedCompensation $198.00K USD 1 Quarter
Stock-based compensation ShareBasedCompensation $217.00K USD 1 Quarter
Equity in (earnings) losses of joint ventures, net of dividends IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions $-495.00K USD 1 Quarter
Equity in (earnings) losses of joint ventures, net of dividends IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions $951.00K USD 1 Quarter
Accounts receivable net IncreaseDecreaseInAccountsReceivable $2.00M USD 1 Quarter
Accounts receivable net IncreaseDecreaseInAccountsReceivable $-10.57M USD 1 Quarter
Due from affiliates IncreaseDecreaseInDueFromRelatedPartiesCurrent $12.54M USD 1 Quarter
Due from affiliates IncreaseDecreaseInDueFromRelatedPartiesCurrent $5.69M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $2.73M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $11.38M USD 1 Quarter
Prepaid and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $6.07M USD 1 Quarter
Prepaid and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $2.96M USD 1 Quarter
Accounts payable, trade IncreaseDecreaseInAccountsPayableTrade $-3.83M USD 1 Quarter
Accounts payable, trade IncreaseDecreaseInAccountsPayableTrade $2.26M USD 1 Quarter
Due to affiliates IncreaseDecreaseInDueToRelatedPartiesCurrent $20.80M USD 1 Quarter
Due to affiliates IncreaseDecreaseInDueToRelatedPartiesCurrent $10.47M USD 1 Quarter
Accrued and other current liabilities IncreaseDecreaseInAccruedLiabilities $-6.62M USD 1 Quarter
Accrued and other current liabilities IncreaseDecreaseInAccruedLiabilities $7.54M USD 1 Quarter
Other net IncreaseDecreaseInOtherOperatingCapitalNet $-64.00K USD 1 Quarter
Other net IncreaseDecreaseInOtherOperatingCapitalNet $-2.42M USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivities $-10.74M USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivities $22.40M USD 1 Quarter
Purchase of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $9.36M USD 1 Quarter
Purchase of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $9.70M USD 1 Quarter
Nordural expansion Helguvik PaymentsToAcquireProjects $93.00K USD 1 Quarter
Nordural expansion Helguvik PaymentsToAcquireProjects $1.75M USD 1 Quarter
Purchase of carbon anode assets and improvements PaymentsToAcquireCarbonAnodeAssets $150.00K USD 1 Quarter
Purchase of carbon anode assets and improvements PaymentsToAcquireCarbonAnodeAssets $5.72M USD 1 Quarter
Proceeds from sale of property, plant and equipment ProceedsFromSaleOfPropertyPlantAndEquipment - USD 1 Quarter
Proceeds from sale of property, plant and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $353.00K USD 1 Quarter
Restricted and other cash deposits IncreaseDecreaseInRestrictedCash $-665.00K USD 1 Quarter
Restricted and other cash deposits IncreaseDecreaseInRestrictedCash - USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-10.91M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-14.85M USD 1 Quarter
Borrowings under revolving credit facilities ProceedsFromLinesOfCredit $18.87M USD 1 Quarter
Borrowings under revolving credit facilities ProceedsFromLinesOfCredit - USD 1 Quarter
Repayments under revolving credit facilities RepaymentsOfLinesOfCredit - USD 1 Quarter
Repayments under revolving credit facilities RepaymentsOfLinesOfCredit $24.87M USD 1 Quarter
Issuance of common stock ProceedsFromIssuanceOfCommonStock - USD 1 Quarter
Issuance of common stock ProceedsFromIssuanceOfCommonStock $3.00K USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-6.00M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities - USD 1 Quarter
CHANGE IN CASH AND CASH EQUIVALENTS CashAndCashEquivalentsPeriodIncreaseDecrease $-31.59M USD 1 Quarter
CHANGE IN CASH AND CASH EQUIVALENTS CashAndCashEquivalentsPeriodIncreaseDecrease $11.49M USD 1 Quarter
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $84.09M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $52.50M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $195.47M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $183.98M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $84.09M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $52.50M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $195.47M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $183.98M USD Point-in-time
Comprehensive Income 16 line items
Line Item Tag Value Unit Period
Net income (loss) NetIncomeLoss $8.25M USD 1 Quarter
Net income (loss) NetIncomeLoss $-20.10M USD 1 Quarter
Net gain on foreign currency cash flow hedges reclassified as income ForeignCurrencyCashFlowHedgeGainLossReclassifiedToEarningsNet $-47.00K USD 1 Quarter
Net gain on foreign currency cash flow hedges reclassified as income ForeignCurrencyCashFlowHedgeGainLossReclassifiedToEarningsNet $-47.00K USD 1 Quarter
Amortization of prior service benefit during the period OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax $-952.00K USD 1 Quarter
Amortization of prior service benefit during the period OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax $-1.03M USD 1 Quarter
Amortization of net loss during the period OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax $-1.81M USD 1 Quarter
Amortization of net loss during the period OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax $-2.35M USD 1 Quarter
Other comprehensive income before income tax effect OtherComprehensiveIncomeLossBeforeTax $1.28M USD 1 Quarter
Other comprehensive income before income tax effect OtherComprehensiveIncomeLossBeforeTax $812.00K USD 1 Quarter
Income tax effect OtherComprehensiveIncomeLossTax $382.00K USD 1 Quarter
Income tax effect OtherComprehensiveIncomeLossTax $713.00K USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTax $99.00K USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTax $895.00K USD 1 Quarter
Total comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-20.00M USD 1 Quarter
Total comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $9.15M USD 1 Quarter

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

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