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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES:  
Net income$ 42,432$ (5,309)
Adjustments to reconcile net income to net cash provided by operating activities:  
Unrealized net loss on forward contracts1,6434,456
Realized benefit of contractual receivable047,323
Accrued and other plant curtailment costs - net(15,023)(3,305)
Lower of cost or market inventory adjustment13,463(301)
Depreciation and amortization46,57947,313
Debt discount amortization1,6012,339
Deferred income taxes09,949
Pension and other postretirement benefits(30,768)11,918
Stock-based compensation2,6703,092
Loss (gain) on disposal of assets763(503)
Non-cash loss on early extinguishment of debt7630
Undistributed earnings of joint ventures(2,586)(2,765)
Changes in operating assets and liabilities:  
Accounts receivable - net(8,164)(1,273)
Due from affiliates6,602(20,334)
Inventories(23,269)(7,748)
Prepaid and other current assets(25,405)16,556
Accounts payable, trade(2,783)(1,306)
Due to affiliates(476)4,880
Accrued and other current liabilities17,0712,818
Other - net(14,019)(7,468)
Net cash provided by operating activities11,094100,332
CASH FLOWS FROM INVESTING ACTIVITIES:  
Purchase of property, plant and equipment(10,868)(5,378)
Nordural expansion(10,335)(15,099)
Investments in and advances to joint ventures(13)(32)
Payments received on advances to joint ventures3,0560
Proceeds from the sale of property, plant and equipment1,471808
Restricted and other cash deposits3,673(13,645)
Net cash used in investing activities(13,016)(33,346)
CASH FLOWS FROM FINANCING ACTIVITIES:  
Repayment of debt(47,067)0
Repayment of contingent obligation(189)0
Borrowings under revolving credit facility15,9000
Repayments under revolving credit facility(15,900)0
Repurchase of common stock(38,806)0
Issuance of common stock - net8323
Net cash provided by (used in) financing activities(85,979)23
CHANGE IN CASH AND CASH EQUIVALENTS(87,901)67,009
Cash and cash equivalents, beginning of the period304,296198,234
Cash and cash equivalents, end of the period$ 216,395$ 265,243