Condensed consolidating financial information (Details) (USD $) | 3 Months Ended | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 |
Guarantor Obligations [Line Items] | ' | | ' | ' | | ' | ' | |
Percentage of subsidiary guarantor owned by company (in hundredths) | ' | | ' | 100.00% | | ' | ' | |
Assets: | ' | | ' | ' | | ' | ' | |
Cash and cash equivalents | $140,801 | | $173,375 | $140,801 | | $173,375 | ' | |
Restricted cash | 3,273 | | ' | 3,273 | | ' | 258 | |
Accounts receivable — net | 51,247 | | ' | 51,247 | | ' | 50,667 | |
Due from affiliates | 24,955 | | ' | 24,955 | | ' | 37,870 | |
Inventories | 231,505 | [1] | ' | 231,505 | [1] | ' | 159,925 | [1] |
Prepaid and other current assets | 40,708 | | ' | 40,708 | | ' | 34,975 | |
Deferred taxes - current portion | 19,720 | | ' | 19,720 | | ' | 19,726 | |
Total current assets | 512,209 | | ' | 512,209 | | ' | 487,397 | |
Investment in subsidiaries | 0 | | ' | 0 | | ' | 0 | |
Property, plant and equipment — net | 1,239,201 | | ' | 1,239,201 | | ' | 1,188,214 | |
Due from affiliates – less current portion | 0 | | ' | 0 | | ' | 0 | |
Other assets | 108,221 | | ' | 108,221 | | ' | 100,715 | |
TOTAL | 1,859,631 | | ' | 1,859,631 | | ' | 1,776,326 | |
Liabilities and shareholders' equity: | ' | | ' | ' | | ' | ' | |
Accounts payable, trade | 105,950 | | ' | 105,950 | | ' | 75,370 | |
Due to affiliates | 71,739 | | ' | 71,739 | | ' | 39,737 | |
Accrued and other current liabilities | 72,921 | | ' | 72,921 | | ' | 40,099 | |
Accrued employee benefits costs | 17,060 | | ' | 17,060 | | ' | 18,683 | |
Industrial revenue bonds | 7,815 | | ' | 7,815 | | ' | 7,815 | |
Current portion of long-term debt | 2,603 | | ' | 2,603 | | ' | 0 | |
Total current liabilities | 278,088 | | ' | 278,088 | | ' | 181,704 | |
Senior notes payable | 246,442 | | ' | 246,442 | | ' | 250,582 | |
Revolving credit facility | 16,725 | | ' | 16,725 | | ' | 0 | |
Accrued pension benefit costs — less current portion | 59,724 | | ' | 59,724 | | ' | 67,878 | |
Accrued postretirement benefits costs — less current portion | 144,025 | | ' | 144,025 | | ' | 143,105 | |
Other liabilities/intercompany loan | 37,184 | | ' | 37,184 | | ' | 40,162 | |
Deferred taxes | 111,922 | | ' | 111,922 | | ' | 110,252 | |
Total noncurrent liabilities | 616,022 | | ' | 616,022 | | ' | 611,979 | |
Shareholders' equity: | ' | | ' | ' | | ' | ' | |
Series A Preferred stock | 1 | | ' | 1 | | ' | 1 | |
Common stock | 935 | | ' | 935 | | ' | 933 | |
Additional paid-in capital | 2,508,456 | | ' | 2,508,456 | | ' | 2,507,454 | |
Treasury stock, at cost | -49,924 | | ' | -49,924 | | ' | -49,924 | |
Accumulated other comprehensive loss | -138,680 | | ' | -138,680 | | ' | -151,192 | |
Retained earnings (accumulated deficit) | -1,355,267 | | ' | -1,355,267 | | ' | -1,324,629 | |
Total shareholders’ equity | 965,521 | | ' | 965,521 | | ' | 982,643 | |
Total | 1,859,631 | | ' | 1,859,631 | | ' | 1,776,326 | |
Net sales: | ' | | ' | ' | | ' | ' | |
Third-party customers | 271,016 | | 170,023 | 680,480 | | 542,884 | ' | |
Related parties | 128,912 | | 134,612 | 372,659 | | 411,560 | ' | |
Sales Revenue – net | 399,928 | | 304,635 | 1,053,139 | | 954,444 | ' | |
Cost of goods sold | 387,574 | | 301,385 | 1,028,901 | | 924,645 | ' | |
Gross profit | 12,354 | | 3,250 | 24,238 | | 29,799 | ' | |
Other operating expenses – net | 2,174 | | 7,388 | 6,288 | | 14,926 | ' | |
Selling, general and administrative expenses | 14,422 | | 9,182 | 45,875 | | 24,792 | ' | |
Operating income (loss) | -4,242 | | -13,320 | -27,925 | | -9,919 | ' | |
Interest expense – third party | -5,406 | | -6,041 | -17,706 | | -17,966 | ' | |
Interest expense – affiliates | 0 | | 0 | 0 | | 0 | ' | |
Interest income – third party | 141 | | 72 | 458 | | 324 | ' | |
Interest income – affiliates | 0 | | 0 | 0 | | 62 | ' | |
Net gain on forward and derivative contracts | 440 | | -340 | 16,151 | | -4,049 | ' | |
Gain on bargain purchase | 0 | | 0 | 5,253 | | 0 | ' | |
Loss on early extinguishment of debt | 0 | | 0 | -3,272 | | 0 | ' | |
Other income (expense) – net | 213 | | 7,648 | -1,001 | | 8,115 | ' | |
Income (loss) before income taxes and equity in earnings (loss) of subsidiaries and joint ventures | -8,854 | | -11,981 | -28,042 | | -23,433 | ' | |
Income tax expense | -1,384 | | -1,168 | -4,714 | | -7,384 | ' | |
Income (loss) before equity in earnings (loss) of subsidiaries and joint ventures | -10,238 | | -13,149 | -32,756 | | -30,817 | ' | |
Equity in earnings (loss) of subsidiaries and joint ventures | 731 | | 1,126 | 2,118 | | 2,116 | ' | |
Net loss | -9,507 | | -12,023 | -30,638 | | -28,701 | ' | |
Other comprehensive income before income tax effect | 866 | | 1,556 | 13,660 | | 4,842 | ' | |
Income tax effect | -383 | | -382 | -1,148 | | -1,147 | ' | |
Other comprehensive income (loss) | 483 | | 1,174 | 12,512 | | 3,695 | ' | |
Comprehensive income (loss) | -9,024 | | -10,849 | -18,126 | | -25,006 | ' | |
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS | ' | | ' | ' | | ' | ' | |
Net cash provided by (used in) operating activities | ' | | ' | 42,458 | | 21,085 | ' | |
Purchase of property, plant and equipment | ' | | ' | -31,994 | | -10,399 | ' | |
Nordural expansion — Helguvik | ' | | ' | -2,855 | | -5,474 | ' | |
Purchase of carbon anode assets and improvements | ' | | ' | -8,519 | | -14,185 | ' | |
Purchase of Sebree smelter | ' | | ' | -48,058 | | 0 | ' | |
Investments in and advances to joint ventures | ' | | ' | 0 | | -275 | ' | |
Dividends and payments received on advances to joint ventures | ' | | ' | 0 | | 3,166 | ' | |
Proceeds from sale of property, plant and equipment | ' | | ' | 515 | | 89 | ' | |
Restricted and other cash deposits | ' | | ' | -3,015 | | 0 | ' | |
Net cash used in investing activities | ' | | ' | -93,926 | | -27,078 | ' | |
Financing activities: | ' | | ' | ' | | ' | ' | |
Repayment of debt | ' | | ' | -249,604 | | 0 | ' | |
Proceeds from issuance of debt | ' | | ' | 246,330 | | 0 | ' | |
Borrowings under revolving credit facility | ' | | ' | 16,725 | | 18,076 | ' | |
Repayments under revolving credit facility | ' | | ' | 0 | | -18,076 | ' | |
Debt issuance costs | ' | | ' | -3,994 | | 0 | ' | |
Debt retirement costs | ' | | ' | 1,208 | | 0 | ' | |
Intercompany transactions | ' | | ' | 0 | | 0 | ' | |
Repurchase of common stock | ' | | ' | 0 | | -4,033 | ' | |
Issuance of common stock — net | ' | | ' | 44 | | 0 | ' | |
Net cash provided by (used in) financing activities | ' | | ' | 8,293 | | -4,033 | ' | |
Change in cash and cash equivalents | ' | | ' | -43,175 | | -10,026 | ' | |
Cash and cash equivalents, beginning of the period | ' | | ' | 183,976 | | 183,401 | ' | |
Cash and cash equivalents, end of the period | 140,801 | | 173,375 | 140,801 | | 173,375 | ' | |
Senior unsecured notes due August 15, 2014 [Member] | ' | | ' | ' | | ' | ' | |
Guarantor Obligations [Line Items] | ' | | ' | ' | | ' | ' | |
Interest rate (in hundredths) | 7.50% | | ' | 7.50% | | ' | ' | |
Combined Guarantor Subsidiaries [Member] | ' | | ' | ' | | ' | ' | |
Assets: | ' | | ' | ' | | ' | ' | |
Cash and cash equivalents | 0 | | 0 | 0 | | 0 | ' | |
Restricted cash | 790 | | ' | 790 | | ' | 258 | |
Accounts receivable — net | 50,157 | | ' | 50,157 | | ' | 38,328 | |
Due from affiliates | 610,588 | | ' | 610,588 | | ' | 604,008 | |
Inventories | 158,620 | | ' | 158,620 | | ' | 97,847 | |
Prepaid and other current assets | 4,199 | | ' | 4,199 | | ' | 4,421 | |
Deferred taxes - current portion | 0 | | ' | 0 | | ' | 0 | |
Total current assets | 824,354 | | ' | 824,354 | | ' | 744,862 | |
Investment in subsidiaries | 50,696 | | ' | 50,696 | | ' | 40,335 | |
Property, plant and equipment — net | 354,595 | | ' | 354,595 | | ' | 313,090 | |
Due from affiliates – less current portion | 0 | | ' | 0 | | ' | 0 | |
Other assets | 17,603 | | ' | 17,603 | | ' | 17,616 | |
TOTAL | 1,247,248 | | ' | 1,247,248 | | ' | 1,115,903 | |
Liabilities and shareholders' equity: | ' | | ' | ' | | ' | ' | |
Accounts payable, trade | 66,212 | | ' | 66,212 | | ' | 37,301 | |
Due to affiliates | 2,161,803 | | ' | 2,161,803 | | ' | 2,098,320 | |
Accrued and other current liabilities | 39,678 | | ' | 39,678 | | ' | 13,031 | |
Accrued employee benefits costs | 13,495 | | ' | 13,495 | | ' | 15,926 | |
Industrial revenue bonds | 7,815 | | ' | 7,815 | | ' | 7,815 | |
Current portion of long-term debt | 0 | | ' | 0 | | ' | ' | |
Total current liabilities | 2,289,003 | | ' | 2,289,003 | | ' | 2,172,393 | |
Senior notes payable | 0 | | ' | 0 | | ' | 0 | |
Revolving credit facility | 0 | | ' | 0 | | ' | ' | |
Accrued pension benefit costs — less current portion | 29,188 | | ' | 29,188 | | ' | 36,087 | |
Accrued postretirement benefits costs — less current portion | 137,388 | | ' | 137,388 | | ' | 137,184 | |
Other liabilities/intercompany loan | 57,871 | | ' | 57,871 | | ' | 65,377 | |
Deferred taxes | 0 | | ' | 0 | | ' | 0 | |
Total noncurrent liabilities | 224,447 | | ' | 224,447 | | ' | 238,648 | |
Shareholders' equity: | ' | | ' | ' | | ' | ' | |
Series A Preferred stock | 0 | | ' | 0 | | ' | 0 | |
Common stock | 60 | | ' | 60 | | ' | 60 | |
Additional paid-in capital | 370,467 | | ' | 370,467 | | ' | 303,659 | |
Treasury stock, at cost | 0 | | ' | 0 | | ' | 0 | |
Accumulated other comprehensive loss | -133,371 | | ' | -133,371 | | ' | -146,862 | |
Retained earnings (accumulated deficit) | -1,503,358 | | ' | -1,503,358 | | ' | -1,451,995 | |
Total shareholders’ equity | -1,266,202 | | ' | -1,266,202 | | ' | -1,295,138 | |
Total | 1,247,248 | | ' | 1,247,248 | | ' | 1,115,903 | |
Net sales: | ' | | ' | ' | | ' | ' | |
Third-party customers | 224,571 | | 123,525 | 535,655 | | 391,100 | ' | |
Related parties | 71,399 | | 75,590 | 189,679 | | 226,589 | ' | |
Sales Revenue – net | 295,970 | | 199,115 | 725,334 | | 617,689 | ' | |
Cost of goods sold | 303,521 | | 210,417 | 765,101 | | 640,650 | ' | |
Gross profit | -7,551 | | -11,302 | -39,767 | | -22,961 | ' | |
Other operating expenses – net | 2,174 | | 7,388 | 6,288 | | 14,926 | ' | |
Selling, general and administrative expenses | 10,585 | | 7,530 | 35,229 | | 23,747 | ' | |
Operating income (loss) | -20,310 | | -26,220 | -81,284 | | -61,634 | ' | |
Interest expense – third party | -5,406 | | -6,041 | -17,706 | | -17,966 | ' | |
Interest expense – affiliates | 13,950 | | 15,860 | 42,967 | | 48,108 | ' | |
Interest income – third party | 4 | | 4 | 35 | | 19 | ' | |
Interest income – affiliates | ' | | ' | ' | | 0 | ' | |
Net gain on forward and derivative contracts | 440 | | -340 | 16,151 | | -4,049 | ' | |
Gain on bargain purchase | ' | | ' | 5,253 | | ' | ' | |
Loss on early extinguishment of debt | ' | | ' | -3,272 | | ' | ' | |
Other income (expense) – net | -25 | | -48 | -34 | | 750 | ' | |
Income (loss) before income taxes and equity in earnings (loss) of subsidiaries and joint ventures | -11,347 | | -16,785 | -37,890 | | -34,772 | ' | |
Income tax expense | 685 | | 964 | -5,099 | | 279 | ' | |
Income (loss) before equity in earnings (loss) of subsidiaries and joint ventures | -10,662 | | -15,821 | -42,989 | | -34,493 | ' | |
Equity in earnings (loss) of subsidiaries and joint ventures | -3,108 | | -638 | -8,374 | | -482 | ' | |
Net loss | -13,770 | | -16,459 | -51,363 | | -34,975 | ' | |
Other comprehensive income before income tax effect | 2,093 | | 1,339 | 13,183 | | 4,141 | ' | |
Income tax effect | -375 | | -4 | -1,123 | | -605 | ' | |
Other comprehensive income (loss) | 1,718 | | 1,335 | 12,060 | | 3,536 | ' | |
Comprehensive income (loss) | -12,052 | | -15,124 | -39,303 | | -31,439 | ' | |
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS | ' | | ' | ' | | ' | ' | |
Net cash provided by (used in) operating activities | ' | | ' | 54,782 | | 11,824 | ' | |
Purchase of property, plant and equipment | ' | | ' | -10,400 | | -4,102 | ' | |
Nordural expansion — Helguvik | ' | | ' | 0 | | 0 | ' | |
Purchase of carbon anode assets and improvements | ' | | ' | 0 | | -14,185 | ' | |
Purchase of Sebree smelter | ' | | ' | 0 | | ' | ' | |
Investments in and advances to joint ventures | ' | | ' | ' | | 0 | ' | |
Dividends and payments received on advances to joint ventures | ' | | ' | ' | | 0 | ' | |
Proceeds from sale of property, plant and equipment | ' | | ' | 10 | | 0 | ' | |
Restricted and other cash deposits | ' | | ' | -532 | | ' | ' | |
Net cash used in investing activities | ' | | ' | -10,922 | | -18,287 | ' | |
Financing activities: | ' | | ' | ' | | ' | ' | |
Repayment of debt | ' | | ' | 0 | | ' | ' | |
Proceeds from issuance of debt | ' | | ' | 0 | | ' | ' | |
Borrowings under revolving credit facility | ' | | ' | 0 | | 0 | ' | |
Repayments under revolving credit facility | ' | | ' | ' | | 0 | ' | |
Debt issuance costs | ' | | ' | 0 | | ' | ' | |
Debt retirement costs | ' | | ' | 0 | | ' | ' | |
Intercompany transactions | ' | | ' | -43,860 | | 6,463 | ' | |
Repurchase of common stock | ' | | ' | ' | | 0 | ' | |
Issuance of common stock — net | ' | | ' | 0 | | ' | ' | |
Net cash provided by (used in) financing activities | ' | | ' | -43,860 | | 6,463 | ' | |
Change in cash and cash equivalents | ' | | ' | 0 | | 0 | ' | |
Cash and cash equivalents, beginning of the period | ' | | ' | 0 | | 0 | ' | |
Cash and cash equivalents, end of the period | 0 | | 0 | 0 | | 0 | ' | |
Combined Non-Guarantor Subsidiaries [Member] | ' | | ' | ' | | ' | ' | |
Assets: | ' | | ' | ' | | ' | ' | |
Cash and cash equivalents | 64,366 | | 137,992 | 64,366 | | 137,992 | ' | |
Restricted cash | 2,483 | | ' | 2,483 | | ' | 0 | |
Accounts receivable — net | 1,090 | | ' | 1,090 | | ' | 12,339 | |
Due from affiliates | 39,991 | | ' | 39,991 | | ' | 38,328 | |
Inventories | 72,885 | | ' | 72,885 | | ' | 62,078 | |
Prepaid and other current assets | 31,456 | | ' | 31,456 | | ' | 30,650 | |
Deferred taxes - current portion | 19,726 | | ' | 19,726 | | ' | 17,799 | |
Total current assets | 231,997 | | ' | 231,997 | | ' | 271,210 | |
Investment in subsidiaries | 0 | | ' | 0 | | ' | 0 | |
Property, plant and equipment — net | 883,232 | | ' | 883,232 | | ' | 874,559 | |
Due from affiliates – less current portion | 30,479 | | ' | 30,479 | | ' | 3,588 | |
Other assets | 53,596 | | ' | 53,596 | | ' | 45,474 | |
TOTAL | 1,199,304 | | ' | 1,199,304 | | ' | 1,194,831 | |
Liabilities and shareholders' equity: | ' | | ' | ' | | ' | ' | |
Accounts payable, trade | 38,383 | | ' | 38,383 | | ' | 37,627 | |
Due to affiliates | 135,587 | | ' | 135,587 | | ' | 105,945 | |
Accrued and other current liabilities | 13,678 | | ' | 13,678 | | ' | 31,332 | |
Accrued employee benefits costs | 0 | | ' | 0 | | ' | 0 | |
Industrial revenue bonds | 0 | | ' | 0 | | ' | 0 | |
Current portion of long-term debt | 0 | | ' | 0 | | ' | ' | |
Total current liabilities | 187,648 | | ' | 187,648 | | ' | 174,904 | |
Senior notes payable | 0 | | ' | 0 | | ' | 0 | |
Revolving credit facility | 0 | | ' | 0 | | ' | ' | |
Accrued pension benefit costs — less current portion | 0 | | ' | 0 | | ' | 0 | |
Accrued postretirement benefits costs — less current portion | 0 | | ' | 0 | | ' | 0 | |
Other liabilities/intercompany loan | 572,417 | | ' | 572,417 | | ' | 614,585 | |
Deferred taxes | 111,922 | | ' | 111,922 | | ' | 109,011 | |
Total noncurrent liabilities | 684,339 | | ' | 684,339 | | ' | 723,596 | |
Shareholders' equity: | ' | | ' | ' | | ' | ' | |
Series A Preferred stock | 0 | | ' | 0 | | ' | 0 | |
Common stock | 12 | | ' | 12 | | ' | 12 | |
Additional paid-in capital | 169,493 | | ' | 169,493 | | ' | 150,743 | |
Treasury stock, at cost | 0 | | ' | 0 | | ' | 0 | |
Accumulated other comprehensive loss | -1,640 | | ' | -1,640 | | ' | -1,525 | |
Retained earnings (accumulated deficit) | 159,452 | | ' | 159,452 | | ' | 147,101 | |
Total shareholders’ equity | 327,317 | | ' | 327,317 | | ' | 296,331 | |
Total | 1,199,304 | | ' | 1,199,304 | | ' | 1,194,831 | |
Net sales: | ' | | ' | ' | | ' | ' | |
Third-party customers | 46,445 | | 46,498 | 144,825 | | 151,784 | ' | |
Related parties | 57,513 | | 59,022 | 182,980 | | 184,971 | ' | |
Sales Revenue – net | 103,958 | | 105,520 | 327,805 | | 336,755 | ' | |
Cost of goods sold | 84,053 | | 90,968 | 263,800 | | 283,995 | ' | |
Gross profit | 19,905 | | 14,552 | 64,005 | | 52,760 | ' | |
Other operating expenses – net | 0 | | 0 | 0 | | 0 | ' | |
Selling, general and administrative expenses | 3,837 | | 1,652 | 10,646 | | 1,045 | ' | |
Operating income (loss) | 16,068 | | 12,900 | 53,359 | | 51,715 | ' | |
Interest expense – third party | 0 | | 0 | 0 | | 0 | ' | |
Interest expense – affiliates | -13,950 | | -15,860 | -42,967 | | -48,108 | ' | |
Interest income – third party | 137 | | 68 | 423 | | 305 | ' | |
Interest income – affiliates | ' | | ' | ' | | 62 | ' | |
Net gain on forward and derivative contracts | 0 | | 0 | 0 | | 0 | ' | |
Gain on bargain purchase | ' | | ' | 0 | | ' | ' | |
Loss on early extinguishment of debt | ' | | ' | 0 | | ' | ' | |
Other income (expense) – net | 238 | | 7,696 | -967 | | 7,365 | ' | |
Income (loss) before income taxes and equity in earnings (loss) of subsidiaries and joint ventures | 2,493 | | 4,804 | 9,848 | | 11,339 | ' | |
Income tax expense | -2,069 | | -2,132 | 385 | | -7,663 | ' | |
Income (loss) before equity in earnings (loss) of subsidiaries and joint ventures | 424 | | 2,672 | 10,233 | | 3,676 | ' | |
Equity in earnings (loss) of subsidiaries and joint ventures | 731 | | 1,126 | 2,118 | | 2,116 | ' | |
Net loss | 1,155 | | 3,798 | 12,351 | | 5,792 | ' | |
Other comprehensive income before income tax effect | -46 | | -47 | -139 | | -140 | ' | |
Income tax effect | 8 | | 9 | 25 | | 26 | ' | |
Other comprehensive income (loss) | -38 | | -38 | -114 | | -114 | ' | |
Comprehensive income (loss) | 1,117 | | 3,760 | 12,237 | | 5,678 | ' | |
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS | ' | | ' | ' | | ' | ' | |
Net cash provided by (used in) operating activities | ' | | ' | -12,324 | | 9,261 | ' | |
Purchase of property, plant and equipment | ' | | ' | -20,408 | | -6,219 | ' | |
Nordural expansion — Helguvik | ' | | ' | -2,855 | | -5,474 | ' | |
Purchase of carbon anode assets and improvements | ' | | ' | -8,519 | | 0 | ' | |
Purchase of Sebree smelter | ' | | ' | 0 | | ' | ' | |
Investments in and advances to joint ventures | ' | | ' | ' | | 0 | ' | |
Dividends and payments received on advances to joint ventures | ' | | ' | ' | | 0 | ' | |
Proceeds from sale of property, plant and equipment | ' | | ' | 505 | | 89 | ' | |
Restricted and other cash deposits | ' | | ' | -2,483 | | ' | ' | |
Net cash used in investing activities | ' | | ' | -33,760 | | -11,604 | ' | |
Financing activities: | ' | | ' | ' | | ' | ' | |
Repayment of debt | ' | | ' | 0 | | ' | ' | |
Proceeds from issuance of debt | ' | | ' | 0 | | ' | ' | |
Borrowings under revolving credit facility | ' | | ' | 0 | | 0 | ' | |
Repayments under revolving credit facility | ' | | ' | ' | | 0 | ' | |
Debt issuance costs | ' | | ' | 0 | | ' | ' | |
Debt retirement costs | ' | | ' | 0 | | ' | ' | |
Intercompany transactions | ' | | ' | 434 | | -18,822 | ' | |
Repurchase of common stock | ' | | ' | ' | | 0 | ' | |
Issuance of common stock — net | ' | | ' | 0 | | ' | ' | |
Net cash provided by (used in) financing activities | ' | | ' | 434 | | -18,822 | ' | |
Change in cash and cash equivalents | ' | | ' | -45,650 | | -21,165 | ' | |
Cash and cash equivalents, beginning of the period | ' | | ' | 110,016 | | 159,157 | ' | |
Cash and cash equivalents, end of the period | 64,366 | | 137,992 | 64,366 | | 137,992 | ' | |
Century Aluminum Company [Member] | ' | | ' | ' | | ' | ' | |
Assets: | ' | | ' | ' | | ' | ' | |
Cash and cash equivalents | 76,435 | | 35,383 | 76,435 | | 35,383 | ' | |
Restricted cash | 0 | | ' | 0 | | ' | 0 | |
Accounts receivable — net | 0 | | ' | 0 | | ' | 0 | |
Due from affiliates | 2,339,683 | | ' | 2,339,683 | | ' | 2,391,249 | |
Inventories | 0 | | ' | 0 | | ' | 0 | |
Prepaid and other current assets | 5,053 | | ' | 5,053 | | ' | 8,063 | |
Deferred taxes - current portion | 0 | | ' | 0 | | ' | 0 | |
Total current assets | 2,421,171 | | ' | 2,421,171 | | ' | 2,473,272 | |
Investment in subsidiaries | -959,581 | | ' | -959,581 | | ' | -1,039,141 | |
Property, plant and equipment — net | 1,793 | | ' | 1,793 | | ' | 916 | |
Due from affiliates – less current portion | 0 | | ' | 0 | | ' | 0 | |
Other assets | 32,274 | | ' | 32,274 | | ' | 37,027 | |
TOTAL | 1,495,657 | | ' | 1,495,657 | | ' | 1,472,074 | |
Liabilities and shareholders' equity: | ' | | ' | ' | | ' | ' | |
Accounts payable, trade | 1,355 | | ' | 1,355 | | ' | 442 | |
Due to affiliates | 202,075 | | ' | 202,075 | | ' | 193,788 | |
Accrued and other current liabilities | 17,638 | | ' | 17,638 | | ' | 1,967 | |
Accrued employee benefits costs | 3,565 | | ' | 3,565 | | ' | 2,757 | |
Industrial revenue bonds | 0 | | ' | 0 | | ' | 0 | |
Current portion of long-term debt | 2,603 | | ' | 2,603 | | ' | ' | |
Total current liabilities | 227,236 | | ' | 227,236 | | ' | 198,954 | |
Senior notes payable | 246,442 | | ' | 246,442 | | ' | 250,582 | |
Revolving credit facility | 16,725 | | ' | 16,725 | | ' | ' | |
Accrued pension benefit costs — less current portion | 30,536 | | ' | 30,536 | | ' | 31,791 | |
Accrued postretirement benefits costs — less current portion | 6,637 | | ' | 6,637 | | ' | 5,921 | |
Other liabilities/intercompany loan | 2,560 | | ' | 2,560 | | ' | 2,183 | |
Deferred taxes | 0 | | ' | 0 | | ' | 0 | |
Total noncurrent liabilities | 302,900 | | ' | 302,900 | | ' | 290,477 | |
Shareholders' equity: | ' | | ' | ' | | ' | ' | |
Series A Preferred stock | 1 | | ' | 1 | | ' | 1 | |
Common stock | 935 | | ' | 935 | | ' | 933 | |
Additional paid-in capital | 2,508,456 | | ' | 2,508,456 | | ' | 2,507,454 | |
Treasury stock, at cost | -49,924 | | ' | -49,924 | | ' | -49,924 | |
Accumulated other comprehensive loss | -138,680 | | ' | -138,680 | | ' | -151,192 | |
Retained earnings (accumulated deficit) | -1,355,267 | | ' | -1,355,267 | | ' | -1,324,629 | |
Total shareholders’ equity | 965,521 | | ' | 965,521 | | ' | 982,643 | |
Total | 1,495,657 | | ' | 1,495,657 | | ' | 1,472,074 | |
Net sales: | ' | | ' | ' | | ' | ' | |
Third-party customers | 0 | | 0 | 0 | | 0 | ' | |
Related parties | 0 | | 0 | 0 | | 0 | ' | |
Sales Revenue – net | 0 | | 0 | 0 | | 0 | ' | |
Cost of goods sold | 0 | | 0 | 0 | | 0 | ' | |
Gross profit | 0 | | 0 | 0 | | 0 | ' | |
Other operating expenses – net | 0 | | 0 | 0 | | 0 | ' | |
Selling, general and administrative expenses | 0 | | 0 | 0 | | 0 | ' | |
Operating income (loss) | 0 | | 0 | 0 | | 0 | ' | |
Interest expense – third party | 0 | | 0 | 0 | | 0 | ' | |
Interest expense – affiliates | 0 | | 0 | 0 | | 0 | ' | |
Interest income – third party | 0 | | 0 | 0 | | 0 | ' | |
Interest income – affiliates | ' | | ' | ' | | 0 | ' | |
Net gain on forward and derivative contracts | 0 | | 0 | 0 | | 0 | ' | |
Gain on bargain purchase | ' | | ' | 0 | | ' | ' | |
Loss on early extinguishment of debt | ' | | ' | 0 | | ' | ' | |
Other income (expense) – net | 0 | | 0 | 0 | | 0 | ' | |
Income (loss) before income taxes and equity in earnings (loss) of subsidiaries and joint ventures | 0 | | 0 | 0 | | 0 | ' | |
Income tax expense | 0 | | 0 | 0 | | 0 | ' | |
Income (loss) before equity in earnings (loss) of subsidiaries and joint ventures | 0 | | 0 | 0 | | 0 | ' | |
Equity in earnings (loss) of subsidiaries and joint ventures | -9,507 | | -12,023 | -30,638 | | -28,701 | ' | |
Net loss | -9,507 | | -12,023 | -30,638 | | -28,701 | ' | |
Other comprehensive income before income tax effect | 866 | | 1,556 | 13,660 | | 4,842 | ' | |
Income tax effect | -383 | | -382 | -1,148 | | -1,147 | ' | |
Other comprehensive income (loss) | 483 | | 1,174 | 12,512 | | 3,695 | ' | |
Comprehensive income (loss) | -9,024 | | -10,849 | -18,126 | | -25,006 | ' | |
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS | ' | | ' | ' | | ' | ' | |
Net cash provided by (used in) operating activities | ' | | ' | 0 | | 0 | ' | |
Purchase of property, plant and equipment | ' | | ' | -1,186 | | -78 | ' | |
Nordural expansion — Helguvik | ' | | ' | 0 | | 0 | ' | |
Purchase of carbon anode assets and improvements | ' | | ' | 0 | | 0 | ' | |
Purchase of Sebree smelter | ' | | ' | -48,058 | | ' | ' | |
Investments in and advances to joint ventures | ' | | ' | ' | | -275 | ' | |
Dividends and payments received on advances to joint ventures | ' | | ' | ' | | 3,166 | ' | |
Proceeds from sale of property, plant and equipment | ' | | ' | 0 | | 0 | ' | |
Restricted and other cash deposits | ' | | ' | 0 | | ' | ' | |
Net cash used in investing activities | ' | | ' | -49,244 | | 2,813 | ' | |
Financing activities: | ' | | ' | ' | | ' | ' | |
Repayment of debt | ' | | ' | -249,604 | | ' | ' | |
Proceeds from issuance of debt | ' | | ' | 246,330 | | ' | ' | |
Borrowings under revolving credit facility | ' | | ' | 16,725 | | 18,076 | ' | |
Repayments under revolving credit facility | ' | | ' | ' | | -18,076 | ' | |
Debt issuance costs | ' | | ' | -3,994 | | ' | ' | |
Debt retirement costs | ' | | ' | 1,208 | | ' | ' | |
Intercompany transactions | ' | | ' | 43,426 | | 12,359 | ' | |
Repurchase of common stock | ' | | ' | ' | | -4,033 | ' | |
Issuance of common stock — net | ' | | ' | 44 | | ' | ' | |
Net cash provided by (used in) financing activities | ' | | ' | 51,719 | | 8,326 | ' | |
Change in cash and cash equivalents | ' | | ' | 2,475 | | 11,139 | ' | |
Cash and cash equivalents, beginning of the period | ' | | ' | 73,960 | | 24,244 | ' | |
Cash and cash equivalents, end of the period | 76,435 | | 35,383 | 76,435 | | 35,383 | ' | |
Reclassifications and Eliminations [Member] | ' | | ' | ' | | ' | ' | |
Assets: | ' | | ' | ' | | ' | ' | |
Cash and cash equivalents | 0 | | ' | 0 | | ' | ' | |
Restricted cash | 0 | | ' | 0 | | ' | 0 | |
Accounts receivable — net | 0 | | ' | 0 | | ' | 0 | |
Due from affiliates | -2,965,307 | | ' | -2,965,307 | | ' | -2,995,715 | |
Inventories | 0 | | ' | 0 | | ' | 0 | |
Prepaid and other current assets | 0 | | ' | 0 | | ' | -8,159 | |
Deferred taxes - current portion | -6 | | ' | -6 | | ' | 1,927 | |
Total current assets | -2,965,313 | | ' | -2,965,313 | | ' | -3,001,947 | |
Investment in subsidiaries | 908,885 | | ' | 908,885 | | ' | 998,806 | |
Property, plant and equipment — net | -419 | | ' | -419 | | ' | -351 | |
Due from affiliates – less current portion | -30,479 | | ' | -30,479 | | ' | -3,588 | |
Other assets | 4,748 | | ' | 4,748 | | ' | 598 | |
TOTAL | -2,082,578 | | ' | -2,082,578 | | ' | -2,006,482 | |
Liabilities and shareholders' equity: | ' | | ' | ' | | ' | ' | |
Accounts payable, trade | 0 | | ' | 0 | | ' | 0 | |
Due to affiliates | -2,427,726 | | ' | -2,427,726 | | ' | -2,358,316 | |
Accrued and other current liabilities | 1,927 | | ' | 1,927 | | ' | -6,231 | |
Accrued employee benefits costs | 0 | | ' | 0 | | ' | 0 | |
Industrial revenue bonds | 0 | | ' | 0 | | ' | 0 | |
Current portion of long-term debt | 0 | | ' | 0 | | ' | ' | |
Total current liabilities | -2,425,799 | | ' | -2,425,799 | | ' | -2,364,547 | |
Senior notes payable | 0 | | ' | 0 | | ' | 0 | |
Revolving credit facility | 0 | | ' | 0 | | ' | ' | |
Accrued pension benefit costs — less current portion | 0 | | ' | 0 | | ' | 0 | |
Accrued postretirement benefits costs — less current portion | 0 | | ' | 0 | | ' | 0 | |
Other liabilities/intercompany loan | -595,664 | | ' | -595,664 | | ' | -641,983 | |
Deferred taxes | 0 | | ' | 0 | | ' | 1,241 | |
Total noncurrent liabilities | -595,664 | | ' | -595,664 | | ' | -640,742 | |
Shareholders' equity: | ' | | ' | ' | | ' | ' | |
Series A Preferred stock | 0 | | ' | 0 | | ' | 0 | |
Common stock | -72 | | ' | -72 | | ' | -72 | |
Additional paid-in capital | -539,960 | | ' | -539,960 | | ' | -454,402 | |
Treasury stock, at cost | 0 | | ' | 0 | | ' | 0 | |
Accumulated other comprehensive loss | 135,011 | | ' | 135,011 | | ' | 148,387 | |
Retained earnings (accumulated deficit) | 1,343,906 | | ' | 1,343,906 | | ' | 1,304,894 | |
Total shareholders’ equity | 938,885 | | ' | 938,885 | | ' | 998,807 | |
Total | -2,082,578 | | ' | -2,082,578 | | ' | -2,006,482 | |
Net sales: | ' | | ' | ' | | ' | ' | |
Third-party customers | 0 | | 0 | 0 | | 0 | ' | |
Related parties | 0 | | 0 | 0 | | 0 | ' | |
Sales Revenue – net | 0 | | 0 | 0 | | 0 | ' | |
Cost of goods sold | 0 | | 0 | 0 | | 0 | ' | |
Gross profit | 0 | | 0 | 0 | | 0 | ' | |
Other operating expenses – net | 0 | | 0 | 0 | | 0 | ' | |
Selling, general and administrative expenses | 0 | | 0 | 0 | | 0 | ' | |
Operating income (loss) | 0 | | 0 | 0 | | 0 | ' | |
Interest expense – third party | 0 | | 0 | 0 | | 0 | ' | |
Interest expense – affiliates | 0 | | 0 | 0 | | 0 | ' | |
Interest income – third party | 0 | | 0 | 0 | | 0 | ' | |
Interest income – affiliates | ' | | ' | ' | | 0 | ' | |
Net gain on forward and derivative contracts | 0 | | 0 | 0 | | 0 | ' | |
Gain on bargain purchase | ' | | ' | 0 | | ' | ' | |
Loss on early extinguishment of debt | ' | | ' | 0 | | ' | ' | |
Other income (expense) – net | 0 | | 0 | 0 | | 0 | ' | |
Income (loss) before income taxes and equity in earnings (loss) of subsidiaries and joint ventures | 0 | | 0 | 0 | | 0 | ' | |
Income tax expense | 0 | | 0 | 0 | | 0 | ' | |
Income (loss) before equity in earnings (loss) of subsidiaries and joint ventures | 0 | | 0 | 0 | | 0 | ' | |
Equity in earnings (loss) of subsidiaries and joint ventures | 12,615 | | 12,661 | 39,012 | | 29,183 | ' | |
Net loss | 12,615 | | 12,661 | 39,012 | | 29,183 | ' | |
Other comprehensive income before income tax effect | -2,047 | | -1,292 | -13,044 | | -4,001 | ' | |
Income tax effect | 367 | | -5 | 1,098 | | 579 | ' | |
Other comprehensive income (loss) | -1,680 | | -1,297 | -11,946 | | -3,422 | ' | |
Comprehensive income (loss) | 10,935 | | 11,364 | 27,066 | | 25,761 | ' | |
Financing activities: | ' | | ' | ' | | ' | ' | |
Cash and cash equivalents, beginning of the period | ' | | ' | 0 | | ' | ' | |
Cash and cash equivalents, end of the period | $0 | | ' | $0 | | ' | ' | |
|
[1] | The balance at September 30, 2013 includes inventory maintained at the recently acquired Sebree smelter. See Note 2 Acquisition of Sebree aluminum smelter for additional information about the Sebree acquisition. |