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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
ASSETS    
Cash and cash equivalents $ 84,088 $ 183,976
Restricted cash 1,697 258
Accounts receivable — net 56,184 50,667
Due from affiliates 43,587 37,870
Inventories 239,615 [1] 159,925 [1]
Prepaid and other current assets 32,276 34,975
Deferred taxes — current portion 13,614 19,726
Total current assets 471,061 487,397
Property, plant and equipment — net 1,247,661 1,188,214
Other assets 91,474 100,715
TOTAL 1,810,196 [2] 1,776,326 [2]
LIABILITIES:    
Accounts payable, trade 108,490 75,370
Due to affiliates 53,582 39,737
Accrued and other current liabilities 69,466 40,099
Accrued employee benefits costs 8,410 18,683
Industrial revenue bonds 7,815 7,815
Total current liabilities 247,763 181,704
Senior notes payable 246,528 250,582
Accrued pension benefits costs — less current portion 39,848 67,878
Accrued postretirement benefits costs — less current portion 129,284 143,105
Other liabilities 37,743 40,162
Deferred taxes 106,218 110,252
Total noncurrent liabilities 559,621 611,979
COMMITMENTS AND CONTINGENCIES (NOTE 15)      
SHAREHOLDERS’ EQUITY:    
Series A Preferred stock (one cent par value, 5,000,000 shares authorized; 160,000 issued and 79,620 outstanding at December 31, 2013; 160,000 issued and 80,283 outstanding at December 31, 2012) 1 1
Common stock (one cent par value, 195,000,000 shares authorized; 93,496,798 issued and 88,710,277 outstanding at December 31, 2013; 93,335,158 issued and 88,548,637 outstanding at December 31, 2012) 935 933
Additional paid-in capital 2,508,574 2,507,454
Treasury stock, at cost (49,924) (49,924)
Accumulated other comprehensive loss (91,832) (151,192)
Accumulated deficit (1,364,942) (1,324,629)
Total shareholders’ equity 1,002,812 982,643
TOTAL $ 1,810,196 $ 1,776,326
[1] The balance at December 31, 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.
[2] Segment assets include accounts receivable, due from affiliates, prepaid and other current assets, inventory, intangible assets and property, plant and equipment — net; the remaining assets are unallocated corporate assets.