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10-Q Filing

CENTURY ALUMINUM CO CIK: 949157 Q1 2017
Filing Information
Form Type 10-Q
Accession Number 0000949157-17-000044
Period End Date 20170331
Filing Date 20170509
Fiscal Year 2017
Fiscal Period Q1
XBRL Instance cenx-20160930.xml
Filing Contents
Balance Sheet 66 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $132.40M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $125.89M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $115.39M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $126.46M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalents $1.05M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalents $797.00K USD Point-in-time
Accounts receivable - net AccountsReceivableNetCurrent $36.23M USD Point-in-time
Accounts receivable - net AccountsReceivableNetCurrent $12.43M USD Point-in-time
Due from affiliates DueFromRelatedPartiesCurrent $11.79M USD Point-in-time
Due from affiliates DueFromRelatedPartiesCurrent $16.65M USD Point-in-time
Inventories InventoryNet $244.72M USD Point-in-time
Inventories InventoryNet $233.56M USD Point-in-time
Prepaid and other current assets PrepaidExpenseAndOtherAssetsCurrent $22.21M USD Point-in-time
Prepaid and other current assets PrepaidExpenseAndOtherAssetsCurrent $18.97M USD Point-in-time
Assets held for sale AssetsHeldForSaleNotPartOfDisposalGroupCurrent $22.31M USD Point-in-time
Assets held for sale AssetsHeldForSaleNotPartOfDisposalGroupCurrent - USD Point-in-time
Total current assets AssetsCurrent $440.62M USD Point-in-time
Total current assets AssetsCurrent $438.39M USD Point-in-time
Property, plant and equipment - net PropertyPlantAndEquipmentNet $1.01B USD Point-in-time
Property, plant and equipment - net PropertyPlantAndEquipmentNet $1.03B USD Point-in-time
Other assets OtherAssetsNoncurrent $73.42M USD Point-in-time
Other assets OtherAssetsNoncurrent $74.85M USD Point-in-time
TOTAL Assets $1.53B USD Point-in-time
TOTAL Assets $1.54B USD Point-in-time
Accounts payable, trade AccountsPayableTradeCurrent $94.96M USD Point-in-time
Accounts payable, trade AccountsPayableTradeCurrent $88.70M USD Point-in-time
Due to affiliates DueToRelatedPartiesCurrent $15.37M USD Point-in-time
Due to affiliates DueToRelatedPartiesCurrent $20.02M USD Point-in-time
Accrued and other current liabilities AccruedLiabilitiesCurrent $50.10M USD Point-in-time
Accrued and other current liabilities AccruedLiabilitiesCurrent $58.09M USD Point-in-time
Accrued employee benefits costs PensionAndOtherPostretirementDefinedBenefitPlansCurrentLiabilities $10.92M USD Point-in-time
Accrued employee benefits costs PensionAndOtherPostretirementDefinedBenefitPlansCurrentLiabilities $10.91M 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 $185.54M USD Point-in-time
Total current liabilities LiabilitiesCurrent $179.16M USD Point-in-time
Senior notes payable SeniorLongTermNotes $247.70M USD Point-in-time
Senior notes payable SeniorLongTermNotes $247.81M USD Point-in-time
Accrued pension benefits costs - less current portion DefinedBenefitPensionPlanLiabilitiesNoncurrent $49.49M USD Point-in-time
Accrued pension benefits costs - less current portion DefinedBenefitPensionPlanLiabilitiesNoncurrent $48.86M USD Point-in-time
Accrued postretirement benefits costs - less current portion OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent $126.73M USD Point-in-time
Accrued postretirement benefits costs - less current portion OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent $126.36M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $72.03M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $64.61M USD Point-in-time
Deferred taxes DeferredTaxLiabilitiesNoncurrent $108.94M USD Point-in-time
Deferred taxes DeferredTaxLiabilitiesNoncurrent $109.51M USD Point-in-time
Total noncurrent liabilities LiabilitiesNoncurrent $604.51M USD Point-in-time
Total noncurrent liabilities LiabilitiesNoncurrent $597.52M USD Point-in-time
COMMITMENTS AND CONTINGENCIES CommitmentsAndContingencies - USD Point-in-time
COMMITMENTS AND CONTINGENCIES CommitmentsAndContingencies - USD Point-in-time
Preferred stock PreferredStockValue $1.00K USD Point-in-time
Preferred stock PreferredStockValue $1.00K USD Point-in-time
Common stock CommonStockValue $944.00K USD Point-in-time
Common stock CommonStockValue $944.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $2.52B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $2.52B USD Point-in-time
Treasury stock, at cost TreasuryStockValue $86.28M USD Point-in-time
Treasury stock, at cost TreasuryStockValue $86.28M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-113.18M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-113.89M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-1.57B USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-1.56B USD Point-in-time
Total shareholders equity StockholdersEquity $742.74M USD Point-in-time
Total shareholders equity StockholdersEquity $756.65M USD Point-in-time
TOTAL LiabilitiesAndStockholdersEquity $1.53B USD Point-in-time
TOTAL LiabilitiesAndStockholdersEquity $1.54B USD Point-in-time
Income Statement 40 line items
Line Item Tag Value Unit Period
Related parties RevenueFromRelatedParties $280.38M USD 1 Quarter
Related parties RevenueFromRelatedParties $280.57M USD 1 Quarter
Other customers SalesRevenueGoodsNet $85.21M USD 1 Quarter
Other customers SalesRevenueGoodsNet $38.48M USD 1 Quarter
Total net sales SalesRevenueNet $318.85M USD 1 Quarter
Total net sales SalesRevenueNet $365.79M USD 1 Quarter
Cost of goods sold CostOfGoodsSold $348.94M USD 1 Quarter
Cost of goods sold CostOfGoodsSold $321.91M USD 1 Quarter
Gross profit (loss) GrossProfit $16.85M USD 1 Quarter
Gross profit (loss) GrossProfit $-3.05M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $10.70M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $9.62M USD 1 Quarter
Other operating expense - net OtherOperatingIncomeExpenseNet $-973.00K USD 1 Quarter
Other operating expense - net OtherOperatingIncomeExpenseNet $-881.00K USD 1 Quarter
Operating income (loss) OperatingIncomeLoss $5.18M USD 1 Quarter
Operating income (loss) OperatingIncomeLoss $-13.56M USD 1 Quarter
Interest expense InterestExpense $5.49M USD 1 Quarter
Interest expense InterestExpense $5.57M USD 1 Quarter
Interest income InterestIncomeOther $114.00K USD 1 Quarter
Interest income InterestIncomeOther $230.00K USD 1 Quarter
Net gain (loss) on forward and derivative contracts GainLossOnDerivativeInstrumentsNetPretax $-16.14M USD 1 Quarter
Net gain (loss) on forward and derivative contracts GainLossOnDerivativeInstrumentsNetPretax $353.00K USD 1 Quarter
Other income (expense) - net OtherNonoperatingIncomeExpense $-6.00K USD 1 Quarter
Other income (expense) - net OtherNonoperatingIncomeExpense $384.00K USD 1 Quarter
Loss before income taxes and equity in earnings of joint ventures IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $-18.59M USD 1 Quarter
Loss before income taxes and equity in earnings of joint ventures IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $-15.92M USD 1 Quarter
Income tax benefit (expense) IncomeTaxExpenseBenefit $-308.00K USD 1 Quarter
Income tax benefit (expense) IncomeTaxExpenseBenefit $-2.07M USD 1 Quarter
Loss before equity in earnings of joint ventures IncomeLossAfterIncomeTaxesBeforeIncomeLossFromEquityMethodInvestments $-16.52M USD 1 Quarter
Loss before equity in earnings of joint ventures IncomeLossAfterIncomeTaxesBeforeIncomeLossFromEquityMethodInvestments $-15.61M USD 1 Quarter
Equity in earnings of joint ventures IncomeLossFromEquityMethodInvestments $471.00K USD 1 Quarter
Equity in earnings of joint ventures IncomeLossFromEquityMethodInvestments $357.00K USD 1 Quarter
Net loss NetIncomeLoss $-16.16M USD 1 Quarter
Net loss NetIncomeLoss $-15.14M USD 1 Quarter
Net loss allocated to common stockholders NetIncomeLossAvailabletoCommonStockholdersBasicandDiluted $-16.16M USD 1 Quarter
Net loss allocated to common stockholders NetIncomeLossAvailabletoCommonStockholdersBasicandDiluted $-15.14M USD 1 Quarter
Basic and diluted (in USD per share) EarningsPerShareBasicAndDiluted $-0.19 USD 1 Quarter
Basic and diluted (in USD per share) EarningsPerShareBasicAndDiluted $-0.17 USD 1 Quarter
Basic and diluted (shares) WeightedAverageNumberOfShareOutstandingBasicAndDiluted 87.04M shares 1 Quarter
Basic and diluted (shares) WeightedAverageNumberOfShareOutstandingBasicAndDiluted 87.25M shares 1 Quarter
Cash Flow Statement 62 line items
Line Item Tag Value Unit Period
Net loss NetIncomeLoss $-16.16M USD 1 Quarter
Net loss NetIncomeLoss $-15.14M USD 1 Quarter
Unrealized loss on forward and derivative contracts UnrealizedGainLossOnCommodityContracts - USD 1 Quarter
Unrealized loss on forward and derivative contracts UnrealizedGainLossOnCommodityContracts $-13.98M USD 1 Quarter
Unrealized gain on E.ON contingent obligation UnrealizedGainLossOnEOnObligation $353.00K USD 1 Quarter
Unrealized gain on E.ON contingent obligation UnrealizedGainLossOnEOnObligation $353.00K USD 1 Quarter
Lower of cost or market inventory adjustment InventoryWriteDown $-3.88M USD 1 Quarter
Lower of cost or market inventory adjustment InventoryWriteDown $-5.78M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $21.26M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $20.94M USD 1 Quarter
Pension and other postretirement benefits PensionAndOtherPostretirementBenefitExpense $1.58M USD 1 Quarter
Pension and other postretirement benefits PensionAndOtherPostretirementBenefitExpense $632.00K USD 1 Quarter
Deferred income taxes IncreaseDecreaseInDeferredIncomeTaxes $95.00K USD 1 Quarter
Deferred income taxes IncreaseDecreaseInDeferredIncomeTaxes $3.59M USD 1 Quarter
Stock-based compensation ShareBasedCompensation $321.00K USD 1 Quarter
Stock-based compensation ShareBasedCompensation $477.00K USD 1 Quarter
Equity in earnings of joint ventures, net of dividends IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions $357.00K USD 1 Quarter
Equity in earnings of joint ventures, net of dividends IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions $393.00K USD 1 Quarter
Accounts receivable - net IncreaseDecreaseInAccountsReceivable $23.79M USD 1 Quarter
Accounts receivable - net IncreaseDecreaseInAccountsReceivable $3.19M USD 1 Quarter
Due from affiliates IncreaseDecreaseInDueFromRelatedPartiesCurrent $-1.94M USD 1 Quarter
Due from affiliates IncreaseDecreaseInDueFromRelatedPartiesCurrent $-4.86M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $4.68M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $-17.65M USD 1 Quarter
Prepaid and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-14.29M USD 1 Quarter
Prepaid and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-4.73M USD 1 Quarter
Accounts payable, trade IncreaseDecreaseInAccountsPayableTrade $-4.38M USD 1 Quarter
Accounts payable, trade IncreaseDecreaseInAccountsPayableTrade $-5.98M USD 1 Quarter
Due to affiliates IncreaseDecreaseInDueToRelatedPartiesCurrent $-5.37M USD 1 Quarter
Due to affiliates IncreaseDecreaseInDueToRelatedPartiesCurrent $3.30M USD 1 Quarter
Accrued and other current liabilities IncreaseDecreaseInAccruedLiabilities $1.25M USD 1 Quarter
Accrued and other current liabilities IncreaseDecreaseInAccruedLiabilities $-4.91M USD 1 Quarter
Other - net IncreaseDecreaseInOtherOperatingCapitalNet $3.58M USD 1 Quarter
Other - net IncreaseDecreaseInOtherOperatingCapitalNet $1.65M USD 1 Quarter
Net cash (used in) provided by operating activities NetCashProvidedByUsedInOperatingActivities $14.90M USD 1 Quarter
Net cash (used in) provided by operating activities NetCashProvidedByUsedInOperatingActivities $-11.34M USD 1 Quarter
Purchase of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $9.04M USD 1 Quarter
Purchase of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $3.83M USD 1 Quarter
Proceeds from sale of Ravenswood ProceedsFromSaleOfPropertyPlantAndEquipment - USD 1 Quarter
Proceeds from sale of Ravenswood ProceedsFromSaleOfPropertyPlantAndEquipment $13.59M USD 1 Quarter
Restricted and other cash deposits IncreaseDecreaseInRestrictedCash $-253.00K USD 1 Quarter
Restricted and other cash deposits IncreaseDecreaseInRestrictedCash - USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $-3.83M USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $4.79M USD 1 Quarter
Borrowings under revolving credit facilities ProceedsFromLinesOfCredit $233.00K USD 1 Quarter
Borrowings under revolving credit facilities ProceedsFromLinesOfCredit $371.00K USD 1 Quarter
Repayments under revolving credit facilities RepaymentsOfLinesOfCredit $233.00K USD 1 Quarter
Repayments under revolving credit facilities RepaymentsOfLinesOfCredit $371.00K USD 1 Quarter
Issuance of common stock ProceedsFromIssuanceOfCommonStock - USD 1 Quarter
Issuance of common stock ProceedsFromIssuanceOfCommonStock $43.00K USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $43.00K USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities - USD 1 Quarter
CHANGE IN CASH AND CASH EQUIVALENTS CashAndCashEquivalentsPeriodIncreaseDecrease $-6.51M USD 1 Quarter
CHANGE IN CASH AND CASH EQUIVALENTS CashAndCashEquivalentsPeriodIncreaseDecrease $11.07M USD 1 Quarter
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $132.40M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $125.89M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $115.39M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $126.46M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $132.40M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $125.89M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $115.39M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $126.46M USD Point-in-time
Comprehensive Income 16 line items
Line Item Tag Value Unit Period
Net loss NetIncomeLoss $-16.16M USD 1 Quarter
Net loss NetIncomeLoss $-15.14M USD 1 Quarter
Net loss on foreign currency cash flow hedges reclassified as income ForeignCurrencyCashFlowHedgeGainLossReclassifiedToEarningsNet $-46.00K USD 1 Quarter
Net loss on foreign currency cash flow hedges reclassified as income ForeignCurrencyCashFlowHedgeGainLossReclassifiedToEarningsNet $-46.00K USD 1 Quarter
Amortization of prior service benefit during the period OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax $-667.00K USD 1 Quarter
Amortization of prior service benefit during the period OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax $-311.00K USD 1 Quarter
Amortization of net loss during the period OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax $-2.14M USD 1 Quarter
Amortization of net loss during the period OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax $-1.92M USD 1 Quarter
Other comprehensive income before income tax effect OtherComprehensiveIncomeLossBeforeTax $1.21M USD 1 Quarter
Other comprehensive income before income tax effect OtherComprehensiveIncomeLossBeforeTax $1.79M USD 1 Quarter
Income tax effect OtherComprehensiveIncomeLossTax $1.07M USD 1 Quarter
Income tax effect OtherComprehensiveIncomeLossTax $383.00K USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTax $712.00K USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTax $823.00K USD 1 Quarter
Total comprehensive loss ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-15.34M USD 1 Quarter
Total comprehensive loss ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-14.43M USD 1 Quarter

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

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