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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (26,320) $ (16,678)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Unrealized net (gain) loss on forward contracts (397) 3,177
Gain on bargain purchase (2,042) 0
Unrealized gain on E.ON contingent obligation (16,075) 0
Accrued and other plant curtailment costs — net 2,268 2,781
Lower of cost or market inventory adjustment 16,049 (11,617)
Depreciation and amortization 29,157 31,288
Debt discount amortization 502 523
Pension and other postretirement benefits (3,616) (260)
Stock-based compensation 499 212
Loss on early extinguishment of debt 3,272 0
Undistributed earnings of joint ventures (1,387) (990)
Change in operating assets and liabilities:    
Accounts receivable — net (33,883) (24,289)
Due from affiliates 12,906 5,401
Inventories (22,334) 25,040
Prepaid and other current assets (5,992) (3,877)
Accounts payable, trade 30,696 (15,931)
Due to affiliates 27,607 1,151
Accrued and other current liabilities (1,827) 1,750
Other — net 13,893 704
Net cash provided by (used in) operating activities 22,976 (1,615)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property, plant and equipment (16,565) (6,165)
Nordural expansion — Helguvik (2,559) (3,586)
Purchase of carbon anode assets and improvements (3,670) (14,524)
Purchase of Sebree smelter (48,058) 0
Investments in and advances to joint ventures 0 (200)
Dividends and payments received on advances from joint ventures 0 3,166
Proceeds from sale of property, plant and equipment 515 68
Restricted and other cash deposits (720) 0
Net cash used in investing activities (71,057) (21,241)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayment of debt (249,604)  
Proceeds from issuance of debt 246,330 0
Borrowings under revolving credit facility 0 18,076
Repayments under revolving credit facility 0 (18,076)
Debt issuance costs (3,926) 0
Debt retirement costs (1,208) 0
Repurchase of common stock 0 (4,033)
Issuance of common stock — net 44  
Net cash used in financing activities (8,364) (4,033)
CHANGE IN CASH AND CASH EQUIVALENTS (56,445) (26,889)
Cash and cash equivalents, beginning of the period 183,976 183,401
Cash and cash equivalents, end of the period $ 127,531 $ 156,512