Condensed consolidating financial information | Condensed consolidating financial information Our 2021 Notes are guaranteed by each of our material existing and future domestic subsidiaries (The "Guarantor Subsidiaries"), except for Nordural US LLC, Century Aluminum Development LLC and Century Aluminum of West Virginia, Inc. The Guarantor Subsidiaries are 100% owned by Century. All guarantees are full and unconditional; all guarantees are joint and several. These notes are not guaranteed by our foreign subsidiaries (such foreign subsidiaries along with Nordural US LLC, Century Aluminum Development LLC and Century Aluminum of West Virginia, Inc., collectively the “Non-Guarantor Subsidiaries”). We allocate corporate expenses or income to our subsidiaries and charge interest on certain intercompany balances. The following summarized condensed consolidating statements of comprehensive income (loss) for three months ended March 31, 2017 and 2016 , condensed consolidating balance sheets as of March 31, 2017 and December 31, 2016 and the condensed consolidating statements of cash flows for the three months ended March 31, 2017 and 2016 present separate results for Century, the Guarantor Subsidiaries, the Non-Guarantor Subsidiaries, consolidating adjustments and total consolidated amounts. Condensed Consolidating Statements of Comprehensive Income (Loss) For the three months ended March 31, 2017 The Company Combined Guarantor Subsidiaries Combined Non-Guarantor Subsidiaries Consolidating Adjustments Total Consolidated NET SALES: Related parties $ — $ 131,068 $ 149,505 $ — $ 280,573 Other customers — 85,183 30 — 85,213 Total net sales — 216,251 149,535 — 365,786 Cost of goods sold — 213,751 135,184 — 348,935 Gross profit — 2,500 14,351 — 16,851 Selling, general and administrative expenses 10,200 — 502 — 10,702 Other operating expense - net — — 973 — 973 Operating income (loss) (10,200 ) 2,500 12,876 — 5,176 Interest expense (5,148 ) (379 ) (44 ) — (5,571 ) Interest income (expense) - affiliates 8,982 2,081 (11,063 ) — — Interest income 80 — 150 — 230 Net loss on forward and derivative contracts — (15,847 ) (290 ) — (16,137 ) Other income (expense) - net 787 47 (450 ) — 384 Income (loss) before income taxes and equity in earnings (loss) of subsidiaries and joint ventures (5,499 ) (11,598 ) 1,179 — (15,918 ) Income tax benefit (expense) 571 493 (756 ) — 308 Income (loss) before equity in earnings (loss) of subsidiaries and joint ventures (4,928 ) (11,105 ) 423 — (15,610 ) Equity in earnings (loss) of subsidiaries and joint ventures (10,211 ) 853 471 9,358 471 Net income (loss) $ (15,139 ) $ (10,252 ) $ 894 $ 9,358 $ (15,139 ) Other comprehensive income before income tax effect 1,786 1,306 348 (1,654 ) 1,786 Income tax effect (1,074 ) — 8 (8 ) (1,074 ) Other comprehensive income 712 1,306 356 (1,662 ) 712 Total comprehensive income (loss) $ (14,427 ) $ (8,946 ) $ 1,250 $ 7,696 $ (14,427 ) Condensed Consolidating Statements of Comprehensive Income (Loss) For the three months ended March 31, 2016 The Company Combined Guarantor Subsidiaries Combined Non-Guarantor Subsidiaries Consolidating Adjustments Total Consolidated NET SALES: Related parties $ — $ 162,120 $ 141,654 $ (23,397 ) $ 280,377 Third-party customers — 38,468 9 — 38,477 Total net sales — 200,588 141,663 (23,397 ) 318,854 Cost of goods sold — 209,573 136,304 (23,971 ) 321,906 Gross profit (loss) — (8,985 ) 5,359 574 (3,052 ) Selling, general and administrative expenses 8,299 — 1,326 — 9,625 Other operating expense - net — — 881 — 881 Operating income (loss) (8,299 ) (8,985 ) 3,152 574 (13,558 ) Interest expense (5,065 ) (382 ) (46 ) — (5,493 ) Interest income (expense) - affiliates 9,548 — (9,548 ) — — Interest income 37 — 77 — 114 Net gain on forward and derivative contracts — 353 — — 353 Other income (expense) - net 771 (6 ) (771 ) — (6 ) Loss before income taxes and equity in earnings (loss) of subsidiaries and joint ventures (3,008 ) (9,020 ) (7,136 ) 574 (18,590 ) Income tax benefit 620 — 1,450 — 2,070 Loss before equity in earnings (loss) of subsidiaries and joint ventures (2,388 ) (9,020 ) (5,686 ) 574 (16,520 ) Equity in earnings (loss) of subsidiaries and joint ventures (13,775 ) — 357 13,775 357 Net loss $ (16,163 ) $ (9,020 ) $ (5,329 ) $ 14,349 $ (16,163 ) Other comprehensive income before income tax effect 1,206 778 303 (1,081 ) 1,206 Income tax effect (383 ) — 8 (8 ) (383 ) Other comprehensive income 823 778 311 (1,089 ) 823 Total comprehensive loss $ (15,340 ) $ (8,242 ) $ (5,018 ) $ 13,260 $ (15,340 ) Condensed Consolidating Balance Sheet As of March 31, 2017 The Company Combined Guarantor Subsidiaries Combined Non-Guarantor Subsidiaries Consolidating Adjustments Total Consolidated Cash & cash equivalents $ 39,218 $ (24 ) $ 86,701 $ — $ 125,895 Restricted cash — 797 — — 797 Accounts receivable - net — 35,999 226 — 36,225 Due from affiliates 42 11,747 — — 11,789 Inventories 180 155,056 89,484 — 244,720 Prepaid and other current assets 6,909 2,795 9,264 — 18,968 Total current assets 46,349 206,370 185,675 — 438,394 Property, plant and equipment - net 14,379 320,527 677,658 — 1,012,564 Investment in subsidiaries 693,468 52,093 — (745,561 ) — Due from affiliates - long term 511,577 325,392 14,199 (851,168 ) — Other assets 28,754 49,249 28,637 (31,791 ) 74,849 TOTAL $ 1,294,527 $ 953,631 $ 906,169 $ (1,628,520 ) $ 1,525,807 Accounts payable, trade $ 4,404 $ 49,249 $ 35,048 $ — $ 88,701 Due to affiliates 2,637 11,475 5,908 — 20,020 Accrued and other current liabilities 13,825 24,422 19,847 — 58,094 Accrued employee benefits costs 1,932 8,314 668 — 10,914 Industrial revenue bonds — 7,815 — — 7,815 Total current liabilities 22,798 101,275 61,471 — 185,544 Senior notes payable 247,809 — — — 247,809 Accrued pension benefits costs cost - less current portion 46,136 20,211 14,307 (31,791 ) 48,863 Accrued postretirement benefits costs - less current portion 4,476 120,502 1,751 — 126,729 Other liabilities 4,499 31,146 28,963 — 64,608 Due to affiliates - long term 226,065 43,364 581,739 (851,168 ) — Deferred taxes — 2,735 106,775 — 109,510 Total noncurrent liabilities 528,985 217,958 733,535 (882,959 ) 597,519 Preferred stock 1 — — — 1 Common stock 944 1 59 (60 ) 944 Other shareholder's equity 741,799 634,397 111,104 (745,501 ) 741,799 Total shareholder's equity 742,744 634,398 111,163 (745,561 ) 742,744 TOTAL $ 1,294,527 $ 953,631 $ 906,169 $ (1,628,520 ) $ 1,525,807 Condensed Consolidating Balance Sheet As of December 31, 2016 The Company Combined Guarantor Subsidiaries Combined Non-Guarantor Subsidiaries Consolidating Adjustments Total Consolidated Cash & cash equivalents $ 36,670 $ (255 ) $ 95,988 $ — $ 132,403 Restricted cash — 794 256 — 1,050 Accounts receivable - net 167 11,883 382 — 12,432 Due from affiliates 42 16,606 3 — 16,651 Inventories 180 146,689 86,694 — 233,563 Prepaid and other current assets 6,838 5,699 9,673 — 22,210 Assets held for sale — — 22,313 — 22,313 Total current assets 43,897 181,416 215,309 — 440,622 Property, plant and equipment - net 12,311 328,069 685,905 — 1,026,285 Investment in subsidiaries 702,659 51,240 — (753,899 ) — Due from affiliates - long term 529,873 346,893 1,792 (878,558 ) — Other assets 28,215 49,331 27,596 (31,722 ) 73,420 TOTAL $ 1,316,955 $ 956,949 $ 930,602 $ (1,664,179 ) $ 1,540,327 Accounts payable, trade $ 6,125 $ 52,921 $ 35,914 $ — $ 94,960 Due to affiliates 417 9,641 5,310 — 15,368 Accrued and other current liabilities 11,950 17,744 20,406 — 50,100 Accrued employee benefits costs 1,932 8,317 668 — 10,917 Industrial revenue bonds — 7,815 — — 7,815 Total current liabilities 20,424 96,438 62,298 — 179,160 Senior notes payable 247,699 — — — 247,699 Accrued pension benefits costs cost - less current portion 46,390 20,167 14,658 (31,722 ) 49,493 Accrued postretirement benefits costs - less current portion 4,380 120,242 1,733 — 126,355 Other liabilities 4,160 30,920 36,946 — 72,026 Due to affiliates - long term 237,247 42,609 598,702 (878,558 ) — Deferred taxes — 2,735 106,204 — 108,939 Total noncurrent liabilities 539,876 216,673 758,243 (910,280 ) 604,512 Preferred stock 1 — — — 1 Common stock 944 1 59 (60 ) 944 Other shareholder's equity 755,710 643,837 110,002 (753,839 ) 755,710 Total shareholder's equity 756,655 643,838 110,061 (753,899 ) 756,655 TOTAL $ 1,316,955 $ 956,949 $ 930,602 $ (1,664,179 ) $ 1,540,327 Condensed Consolidating Statement of Cash Flows For the three months ended March 31, 2017 The Company Combined Guarantor Subsidiaries Combined Non-Guarantor Subsidiaries Consolidating Adjustments Total Consolidated Net cash provided by (used in) operating activities $ (1,142 ) $ (21,757 ) $ 11,555 $ — $ (11,344 ) Purchase of property, plant and equipment (4,395 ) (2,346 ) (2,304 ) — (9,045 ) Proceeds from sale of Ravenswood — — 13,585 — 13,585 Restricted and other cash deposits — (3 ) 256 — 253 Intercompany transactions 19,224 23,582 (12,406 ) (30,400 ) — Net cash provided by (used in) investing activities 14,829 21,233 (869 ) (30,400 ) 4,793 Borrowings under revolving credit facilities 233 — — — 233 Repayments under revolving credit facilities (233 ) — — — (233 ) Issuance of common stock 43 — — — 43 Intercompany transactions (11,182 ) 755 (19,973 ) 30,400 — Net cash provided by financing activities (11,139 ) 755 (19,973 ) 30,400 43 CHANGE IN CASH AND CASH EQUIVALENTS 2,548 231 (9,287 ) — (6,508 ) Cash and cash equivalents, beginning of period 36,670 (255 ) 95,988 — 132,403 Cash and cash equivalents, end of period $ 39,218 $ (24 ) $ 86,701 $ — $ 125,895 Condensed Consolidating Statement of Cash Flows For the three months ended March 31, 2016 The Company Combined Guarantor Subsidiaries Combined Non-Guarantor Subsidiaries Consolidating Adjustments Total Consolidated Net cash provided by (used in) operating activities $ (8,754 ) $ 5,435 $ 9,956 $ 8,266 $ 14,903 Purchase of property, plant and equipment — (1,426 ) (2,409 ) — (3,835 ) Net cash used in investing activities — (1,426 ) (2,409 ) — (3,835 ) Borrowings under revolving credit facilities 371 — — — 371 Repayments under revolving credit facilities (371 ) — — — (371 ) Intercompany transactions — (436 ) 8,702 (8,266 ) — Net cash provided by (used in) financing activities — (436 ) 8,702 (8,266 ) — CHANGE IN CASH AND CASH EQUIVALENTS (8,754 ) 3,573 16,249 — 11,068 Cash and cash equivalents, beginning of period 58,421 (3,647 ) 60,619 — 115,393 Cash and cash equivalents, end of period $ 49,667 $ (74 ) $ 76,868 $ — $ 126,461 | Condensed consolidating financial information Our 2021 Notes are guaranteed by each of our material existing and future domestic subsidiaries (the "Guarantor Subsidiaries"), except for Nordural US LLC, Century Aluminum Development LLC and Century Aluminum of West Virginia, Inc. The Guarantor Subsidiaries are 100% owned by Century. All guarantees are full and unconditional; all guarantees are joint and several. These notes are not guaranteed by our foreign subsidiaries (such foreign subsidiaries along with Nordural US LLC, Century Aluminum Development LLC and Century Aluminum of West Virginia, collectively the “Non-Guarantor Subsidiaries”). We allocate corporate expenses or income to our subsidiaries and charge interest on certain intercompany balances. The following summarized condensed consolidating statements of comprehensive income (loss) for the years ended December 31, 2016, 2015 and 2014, condensed consolidating balance sheets as of December 31, 2016 and 2015, and the condensed consolidating statements of cash flows for the years ended December 31, 2016, 2015 and 2014 present separate results for Century, the Guarantor Subsidiaries, the Non-Guarantor Subsidiaries, consolidating adjustments and total consolidated amounts. Condensed Consolidating Statements of Comprehensive Income (Loss) For the year ended December 31, 2016 The Company Combined Guarantor Subsidiaries Combined Non-Guarantor Subsidiaries Consolidating Adjustments Total Consolidated NET SALES: Related parties $ — $ 668,486 $ 510,145 $ — $ 1,178,631 Third-party customers — 140,426 37 — 140,463 Total net sales — 808,912 510,182 — 1,319,094 Cost of goods sold — 862,632 467,504 — 1,330,136 Gross profit (loss) — (53,720 ) 42,678 — (11,042 ) Selling, general and administrative expenses 20,704 9,853 9,707 — 40,264 Helguvik impairment — — 152,220 — 152,220 Ravenswood charges — — 26,830 — 26,830 Other operating expense - net — — 3,857 — 3,857 Operating loss (20,704 ) (63,573 ) (149,936 ) — (234,213 ) Interest expense - third parties (20,378 ) (1,659 ) (179 ) — (22,216 ) Interest income (expense) - affiliates 39,211 8,107 (47,318 ) — — Interest income - third parties 182 10 566 — 758 Net gain on forward and derivative contracts — 3,487 — — 3,487 Other income (expense) - net 1,239 218 (138 ) — 1,319 Loss before income taxes and equity in earnings (loss) of subsidiaries and joint ventures (450 ) (53,410 ) (197,005 ) — (250,865 ) Income tax (expense) benefit 1,925 — (4,749 ) — (2,824 ) Income (loss) before equity in earnings (loss) of subsidiaries and joint ventures 1,475 (53,410 ) (201,754 ) — (253,689 ) Equity in earnings (loss) of subsidiaries and joint ventures (253,890 ) 12,463 1,274 241,427 1,274 Net loss $ (252,415 ) $ (40,947 ) $ (200,480 ) $ 241,427 $ (252,415 ) Other comprehensive income before income tax effect 288 1,868 5,134 (7,002 ) 288 Income tax effect (1,531 ) — (24 ) 24 (1,531 ) Other comprehensive income (loss) (1,243 ) 1,868 5,110 (6,978 ) (1,243 ) Total comprehensive loss $ (253,658 ) $ (39,079 ) $ (195,370 ) $ 234,449 $ (253,658 ) Condensed Consolidating Statements of Comprehensive Income (Loss) For the year ended December 31, 2015 The Company Combined Guarantor Subsidiaries Combined Non-Guarantor Subsidiaries Consolidating Adjustments Total Consolidated NET SALES: Related parties $ — $ 1,277,474 $ 632,597 $ (42,360 ) $ 1,867,711 Third-party customers — 82,327 43 (224 ) 82,146 Total net sales — 1,359,801 632,640 (42,584 ) 1,949,857 Cost of goods sold — 1,388,400 564,380 (44,236 ) 1,908,544 Gross profit (loss) — (28,599 ) 68,260 1,652 41,313 Selling, general and administrative expenses 28,000 8,798 5,317 — 42,115 Ravenswood charges — — 30,850 — 30,850 Other operating expense - net — — 7,436 — 7,436 Operating income (loss) (28,000 ) (37,397 ) 24,657 1,652 (39,088 ) Interest expense - third parties (20,201 ) (1,567 ) (186 ) — (21,954 ) Interest income (expense) - affiliates 37,626 — (37,626 ) — — Interest income - third parties 65 4 270 — 339 Net gain on forward and derivative contracts — 1,411 189 — 1,600 Unrealized gain on fair value of contingent consideration — 18,337 — — 18,337 Other income (expense) - net 1,356 (658 ) 2,356 (3,410 ) (356 ) Loss before income taxes and equity in earnings (loss) of subsidiaries and joint ventures (9,154 ) (19,870 ) (10,340 ) (1,758 ) (41,122 ) Income tax benefit (expense) 2,140 — (11,416 ) — (9,276 ) Income (loss) before equity in earnings (loss) of subsidiaries and joint ventures (7,014 ) (19,870 ) (21,756 ) (1,758 ) (50,398 ) BHH impairment — — (11,584 ) — (11,584 ) Equity in earnings (loss) of subsidiaries and joint ventures (52,296 ) — 2,672 52,296 2,672 Net loss $ (59,310 ) $ (19,870 ) $ (30,668 ) $ 50,538 $ (59,310 ) Other comprehensive income (loss) before income tax effect 6,568 14,754 (1,114 ) (13,640 ) 6,568 Income tax effect (1,536 ) — 33 (33 ) (1,536 ) Other comprehensive income (loss) 5,032 14,754 (1,081 ) (13,673 ) 5,032 Total comprehensive loss $ (54,278 ) $ (5,116 ) $ (31,749 ) $ 36,865 $ (54,278 ) Condensed Consolidating Statements of Comprehensive Income (Loss) For the year ended December 31, 2014 The Company Combined Guarantor Subsidiaries Combined Non-Guarantor Subsidiaries Consolidating Adjustments Total Consolidated NET SALES: Related parties $ — $ 715,796 $ 625,076 $ (78,771 ) $ 1,262,101 Third-party customers — 669,466 31 (556 ) 668,941 Total net sales — 1,385,262 625,107 (79,327 ) 1,931,042 Cost of goods sold — 1,282,194 522,543 (75,494 ) 1,729,243 Gross profit — 103,068 102,564 (3,833 ) 201,799 Selling, general and administrative expenses 32,840 11,353 5,002 — 49,195 Other operating expense - net — — 12,481 — 12,481 Operating income (loss) (32,840 ) 91,715 85,081 (3,833 ) 140,123 Interest expense - third parties (20,228 ) (1,555 ) (232 ) — (22,015 ) Interest income (expense) - affiliates 43,688 — (43,688 ) — — Interest income - third parties 15 — 286 — 301 Net gain (loss) on forward and derivative contracts (1,080 ) 1,259 — — 179 Unrealized gain on fair value of contingent consideration — 7,943 — — 7,943 Gain on remeasurement of equity investment — 15,955 — — 15,955 Other income (expense) - net 518 (459 ) 4,564 (3,632 ) 991 Income (loss) before income taxes and equity in earnings of subsidiaries and joint ventures (9,927 ) 114,858 46,011 (7,465 ) 143,477 Income tax expense (4,777 ) (493 ) (13,211 ) 173 (18,308 ) Income (loss) before equity in earnings of subsidiaries and joint ventures (14,704 ) 114,365 32,800 (7,292 ) 125,169 Equity in earnings of subsidiaries and joint ventures 141,178 — 1,305 (141,178 ) 1,305 Net income $ 126,474 $ 114,365 $ 34,105 $ (148,470 ) $ 126,474 Other comprehensive loss before income tax effect (24,022 ) (28,955 ) (2,662 ) 18,967 (36,672 ) Income tax effect (1,829 ) — 33 (33 ) (1,829 ) Other comprehensive loss (25,851 ) (28,955 ) (2,629 ) 18,934 (38,501 ) Total comprehensive income $ 100,623 $ 85,410 $ 31,476 $ (129,536 ) $ 87,973 Condensed Consolidating Balance Sheet As of December 31, 2016 The Company Combined Guarantor Subsidiaries Combined Non-Guarantor Subsidiaries Consolidating Adjustments Total Consolidated Cash & cash equivalents $ 36,670 $ (255 ) $ 95,988 $ — $ 132,403 Restricted cash — 794 256 — 1,050 Accounts receivable - net 167 11,883 382 — 12,432 Due from affiliates 42 16,606 3 — 16,651 Inventories 180 146,689 86,694 — 233,563 Prepaid and other current assets 6,838 5,699 9,673 — 22,210 Assets held for sale — — 22,313 — 22,313 Total current assets 43,897 181,416 215,309 — 440,622 Property, plant and equipment - net 12,311 328,069 685,905 — 1,026,285 Investment in subsidiaries 702,659 51,240 — (753,899 ) — Due from affiliates - long term 529,873 346,893 1,792 (878,558 ) — Other assets 28,215 49,331 27,596 (31,722 ) 73,420 TOTAL $ 1,316,955 $ 956,949 $ 930,602 $ (1,664,179 ) $ 1,540,327 Accounts payable, trade $ 6,125 $ 52,921 $ 35,914 $ — $ 94,960 Due to affiliates 417 9,641 5,310 — 15,368 Accrued and other current liabilities 11,950 17,744 20,406 — 50,100 Accrued employee benefits costs 1,932 8,317 668 — 10,917 Industrial revenue bonds — 7,815 — — 7,815 Total current liabilities 20,424 96,438 62,298 — 179,160 Senior notes payable 247,699 — — — 247,699 Accrued pension benefits costs cost - less current portion 46,390 20,167 14,658 (31,722 ) 49,493 Accrued postretirement benefits costs - less current portion 4,380 120,242 1,733 — 126,355 Other liabilities 4,160 30,920 36,946 — 72,026 Due to affiliates - long term 237,247 42,609 598,702 (878,558 ) — Deferred taxes — 2,735 106,204 — 108,939 Total noncurrent liabilities 539,876 216,673 758,243 (910,280 ) 604,512 Preferred stock 1 — — — 1 Common stock 944 1 59 (60 ) 944 Other shareholder's equity 755,710 643,837 110,002 (753,839 ) 755,710 Total shareholder's equity 756,655 643,838 110,061 (753,899 ) 756,655 TOTAL $ 1,316,955 $ 956,949 $ 930,602 $ (1,664,179 ) $ 1,540,327 Condensed Consolidating Balance Sheet As of December 31, 2015 The Company Combined Guarantor Subsidiaries Combined Non-Guarantor Subsidiaries Consolidating Adjustments Total Consolidated Cash & cash equivalents $ 58,421 $ (3,647 ) $ 60,619 $ — $ 115,393 Restricted cash — 791 — — 791 Accounts receivable - net 104 8,891 480 — 9,475 Due from affiliates 13 14,493 2,911 — 17,417 Inventories 180 148,280 85,937 (2,525 ) 231,872 Prepaid and other current assets 7,713 16,242 18,457 — 42,412 Assets held for sale — — 30,697 — 30,697 Total current assets 66,431 185,050 199,101 (2,525 ) 448,057 Property, plant and equipment - net 9,188 361,626 861,442 — 1,232,256 Investment in subsidiaries 593,604 — — (593,604 ) — Due from affiliates - long term 632,170 — — (632,170 ) — Other assets 29,536 19,153 16,047 7,419 72,155 TOTAL $ 1,330,929 $ 565,829 $ 1,076,590 $ (1,220,880 ) $ 1,752,468 Accounts payable, trade $ 2,380 $ 53,145 $ 34,964 $ — $ 90,489 Due to affiliates 2,143 7,167 735 — 10,045 Accrued and other current liabilities 11,247 14,759 22,816 — 48,822 Accrued employee benefits costs 1,824 7,644 680 — 10,148 Industrial revenue bonds — 7,815 — — 7,815 Total current liabilities 17,594 90,530 59,195 — 167,319 Senior notes payable 247,278 — — — 247,278 Accrued pension benefits costs cost - less current portion 39,831 (11,021 ) 15,189 — 43,999 Accrued postretirement benefits costs - less current portion 4,524 119,911 1,564 — 125,999 Other liabilities 3,307 30,505 11,779 7,418 53,009 Intercompany loan — 124,518 509,652 (634,170 ) — Deferred taxes — — 106,053 — 106,053 Total noncurrent liabilities 294,940 263,913 644,237 (626,752 ) 576,338 Preferred stock 1 — — — 1 Common stock 942 — 224,424 (224,424 ) 942 Other shareholder's equity 1,017,452 211,386 148,734 (369,704 ) 1,007,868 Total shareholder's equity 1,018,395 211,386 373,158 (594,128 ) 1,008,811 TOTAL $ 1,330,929 $ 565,829 $ 1,076,590 $ (1,220,880 ) $ 1,752,468 Condensed Consolidating Statement of Cash Flows For the year ended December 31, 2016 The Company Combined Guarantor Subsidiaries Combined Non-Guarantor Subsidiaries Consolidating Adjustments Total Consolidated Net cash provided by (used in) operating activities $ (63,446 ) $ 19,019 $ 82,600 $ — $ 38,173 Purchase of property, plant and equipment (1,425 ) (7,807 ) (12,712 ) — (21,944 ) Proceeds from sale of property, plant and equipment — — 1,040 — 1,040 Restricted and other cash deposits — (3 ) (256 ) — (259 ) Intercompany transactions 27,761 (15,305 ) (937 ) (11,519 ) — Net cash provided by (used in) investing activities 26,336 (23,115 ) (12,865 ) (11,519 ) (21,163 ) Borrowings under revolving credit facilities 1,179 — — — 1,179 Repayments under revolving credit facilities (1,179 ) — — — (1,179 ) Intercompany transactions 15,359 7,488 (34,366 ) 11,519 — Net cash provided by (used in) financing activities 15,359 7,488 (34,366 ) 11,519 — CHANGE IN CASH AND CASH EQUIVALENTS (21,751 ) 3,392 35,369 — 17,010 Cash and cash equivalents, beginning of period 58,421 (3,647 ) 60,619 — 115,393 Cash and cash equivalents, end of period $ 36,670 $ (255 ) $ 95,988 $ — $ 132,403 Condensed Consolidating Statement of Cash Flows For the year ended December 31, 2015 The Company Combined Guarantor Subsidiaries Combined Non-Guarantor Subsidiaries Consolidating Adjustments Total Consolidated Net cash provided by operating activities $ 25,423 $ 30,890 $ 65,085 $ (89,532 ) $ 31,866 Purchase of property, plant and equipment (8,574 ) (21,477 ) (24,209 ) (440 ) (54,700 ) Purchase of remaining interest in Mt. Holly smelter 11,313 — — — 11,313 Proceeds from sale of property, plant and equipment — 14 — — 14 Restricted and other cash deposits — (4 ) 14 — 10 Intercompany transactions (4,072 ) — — 4,072 — Net cash used in investing activities (1,333 ) (21,467 ) (24,195 ) 3,632 (43,363 ) Borrowings under revolving credit facilities 1,737 — — — 1,737 Repayments under revolving credit facilities (1,737 ) — — — (1,737 ) Repurchase of common stock (36,352 ) — — — (36,352 ) Intercompany transactions — (11,883 ) (74,017 ) 85,900 — Net cash used in financing activities (36,352 ) (11,883 ) (74,017 ) 85,900 (36,352 ) CHANGE IN CASH AND CASH EQUIVALENTS (12,262 ) (2,460 ) (33,127 ) — (47,849 ) Cash and cash equivalents, beginning of year 70,683 (1,187 ) 93,746 — 163,242 Cash and cash equivalents, end of year $ 58,421 $ (3,647 ) $ 60,619 $ — $ 115,393 Condensed Consolidating Statement of Cash Flows For the year ended December 31, 2014 The Company Combined Guarantor Subsidiaries Combined Non-Guarantor Subsidiaries Consolidating Adjustments Total Consolidated Net cash provided by operating activities $ 92,338 $ 40,711 $ 139,896 $ (65,265 ) $ 207,680 Purchase of property, plant and equipment (587 ) (22,939 ) (31,603 ) 3 (55,126 ) Purchase of Sebree smelter (1,042 ) — — — (1,042 ) Purchase of remaining interest in Mt. Holly smelter (65,100 ) — — — (65,100 ) Proceeds from sale of property, plant and equipment — — 46 — 46 Restricted and other cash deposits — — 896 — 896 Net cash used in investing activities (66,729 ) (22,939 ) (30,661 ) 3 (120,326 ) Repayment of debt (2,603 ) — — — (2,603 ) Borrowings under revolving credit facilities 92,423 — — — 92,423 Repayments under revolving credit facilities (92,423 ) — (6,000 ) — (98,423 ) Issuance of common stock 403 — — — 403 Intercompany transactions — (17,801 ) (47,461 ) 65,262 — Net cash used in financing activities (2,200 ) (17,801 ) (53,461 ) 65,262 (8,200 ) CHANGE IN CASH AND CASH EQUIVALENTS 23,409 (29 ) 55,774 — 79,154 Cash and cash equivalents, beginning of year 47,274 (1,158 ) 37,972 — 84,088 Cash and cash equivalents, end of year $ 70,683 $ (1,187 ) $ 93,746 $ — $ 163,242 |