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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
ASSETS    
Cash and cash equivalents $ 127,531 $ 183,976
Restricted cash 978 258
Accounts receivable — net 84,067 50,667
Due from affiliates 24,964 37,870
Inventories 224,707 [1] 159,925 [1]
Prepaid and other current assets 41,446 34,975
Deferred taxes - current portion 19,613 19,726
Total current assets 523,306 487,397
Property, plant and equipment — net 1,230,031 1,188,214
Other assets 97,838 100,715
TOTAL 1,851,175 1,776,326
LIABILITIES:    
Accounts payable, trade 103,867 75,370
Due to affiliates 67,345 39,737
Accrued and other current liabilities 81,172 40,099
Accrued employee benefits costs — current portion 18,020 18,683
Industrial revenue bonds 7,815 7,815
Total current liabilities 278,219 181,704
Senior notes payable 248,961 250,582
Accrued pension benefits costs — less current portion 63,748 67,878
Accrued postretirement benefits costs — less current portion 142,978 143,105
Other liabilities 37,056 40,162
Deferred taxes 111,318 110,252
Total noncurrent liabilities 604,061 611,979
COMMITMENTS AND CONTINGENCIES (NOTE 11)      
SHAREHOLDERS' EQUITY:    
Series A Preferred stock (one cent par value, 5,000,000 shares authorized; 80,084 and 80,283 issued and outstanding at June 30, 2013 and December 31, 2012, respectively) 1 1
Common stock (one cent par value, 195,000,000 shares authorized; 93,389,230 issued and 88,602,709 outstanding at June 30, 2013; 93,335,158 issued and 88,548,637 outstanding at December 31, 2012) 934 933
Additional paid-in capital 2,507,996 2,507,454
Treasury stock, at cost (49,924) (49,924)
Accumulated other comprehensive loss (139,163) (151,192)
Accumulated deficit (1,350,949) (1,324,629)
Total shareholders’ equity 968,895 982,643
TOTAL $ 1,851,175 $ 1,776,326
[1] (1)The balance at June 30, 2013 includes inventory acquired with the purchase of Sebree. See Note 2 Acquisition of Sebree aluminum smelter for additional information about the Sebree acquisition.