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Condensed Consolidating Financial Information (Tables) | 6 Months Ended
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Jun. 30, 2020
Condensed Financial Information Disclosure [Abstract] |
Condensed Consolidating Statements of Comprehensive Income (Loss) |
Condensed Consolidating Statements of Comprehensive Income (Loss) |  |  |  |  |  |  |  |  |
For the three months ended June 30, 2020 |  |  |  |  |  |  |  |  |
| The Company |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Total Consolidated
NET SALES: |  |  |  |  |  |  |  |  |
Related parties | $ | — |  |  | $ | 156.2 |  |  | $ | 129.4 |  |  | $ | — |  |  | $ | 285.6 |
Other customers | — |  |  | 91.5 |  |  | 24.8 |  |  | — |  |  | 116.3 |
Total net sales | — |  |  | 247.7 |  |  | 154.2 |  |  | — |  |  | 401.9 |
Cost of goods sold | — |  |  | 266.3 |  |  | 148.6 |  |  | — |  |  | 414.9 |
Gross profit (loss) | — |  |  | (18.6) |  |  | 5.6 |  |  | — |  |  | (13.0) |
Selling, general and administrative expenses | 11.5 |  |  | — |  |  | 0.3 |  |  | — |  |  | 11.8 |
Other operating (income) expense - net | — |  |  | — |  |  | 0.2 |  |  | — |  |  | 0.2 |
Operating income (loss) | (11.5) |  |  | (18.6) |  |  | 5.1 |  |  | — |  |  | (25.0) |
Interest expense - term loan | (0.5) |  |  | — |  |  | — |  |  | — |  |  | (0.5) |
Interest expense | (5.4) |  |  | (0.4) |  |  | (0.1) |  |  | — |  |  | (5.9) |
Intercompany interest | 8.1 |  |  | 2.7 |  |  | (10.8) |  |  | — |  |  | — |
Interest income | 0.3 |  |  | — |  |  | 0.1 |  |  | — |  |  | 0.4 |
Net gain (loss) on forward and derivative contracts | (1.9) |  |  | 0.3 |  |  | 5.3 |  |  | — |  |  | 3.7 |
Other income (expense) - net | (0.2) |  |  | 0.8 |  |  | 0.7 |  |  | — |  |  | 1.3 |
Income (loss) before income taxes and equity in earnings of joint ventures | (11.1) |  |  | (15.2) |  |  | 0.3 |  |  | — |  |  | (26.0) |
Income tax benefit (expense) | 0.5 |  |  | — |  |  | (1.4) |  |  | — |  |  | (0.9) |
Income (loss) before equity in earnings of joint ventures | (10.6) |  |  | (15.2) |  |  | (1.1) |  |  | — |  |  | (26.9) |
Equity in earnings (loss) of joint ventures | (16.3) |  |  | 1.9 |  |  | — |  |  | 14.4 |  |  | 0.0 |
Net income (loss) | (26.9) |  |  | (13.3) |  |  | (1.1) |  |  | 14.4 |  |  | (26.9) |
Other comprehensive income before income tax effect | 1.0 |  |  | 0.4 |  |  | 0.5 |  |  | (0.9) |  |  | 1.0 |
Income tax effect | (0.3) |  |  | — |  |  | — |  |  | — |  |  | (0.3) |
Other comprehensive income | 0.7 |  |  | 0.4 |  |  | 0.5 |  |  | (0.9) |  |  | 0.7 |
Total comprehensive income (loss) | $ | (26.2) |  |  | $ | (12.9) |  |  | $ | (0.6) |  |  | $ | 13.5 |  |  | $ | (26.2) |
Condensed Consolidating Statements of Comprehensive Income (Loss) |  |  |  |  |  |  |  |  |
For the three months ended June 30, 2019 |  |  |  |  |  |  |  |  |
| The Company |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Total Consolidated
NET SALES: |  |  |  |  |  |  |  |  |
Related parties | $ | — |  |  | $ | 147.4 |  |  | $ | 157.6 |  |  | $ | — |  |  | $ | 305.0 |
Other customers | — |  |  | 162.2 |  |  | 5.9 |  |  | — |  |  | 168.1 |
Total net sales | — |  |  | 309.6 |  |  | 163.5 |  |  | — |  |  | 473.1 |
Cost of goods sold | — |  |  | 306.0 |  |  | 171.2 |  |  | — |  |  | 477.2 |
Gross profit (loss) | — |  |  | 3.6 |  |  | (7.7) |  |  | — |  |  | (4.1) |
Selling, general and administrative expenses | 11.5 |  |  | — |  |  | 0.4 |  |  | — |  |  | 11.9 |
Other operating (income) expense - net | — |  |  | — |  |  | 0.3 |  |  | — |  |  | 0.3 |
Operating income (loss) | (11.5) |  |  | 3.6 |  |  | (8.4) |  |  | — |  |  | (16.3) |
Interest expense - term loan | (0.6) |  |  | — |  |  | — |  |  | — |  |  | (0.6) |
Interest expense | (5.3) |  |  | (0.4) |  |  | (0.1) |  |  | — |  |  | (5.8) |
Intercompany interest | 8.7 |  |  | 2.5 |  |  | (11.2) |  |  | — |  |  | — |
Interest income | 0.1 |  |  | — |  |  | 0.1 |  |  | — |  |  | 0.2 |
Net gain (loss) on forward and derivative contracts | 4.8 |  |  | 0.3 |  |  | 1.0 |  |  | — |  |  | 6.1 |
Other income (expense) - net | — |  |  | (1.3) |  |  | (0.4) |  |  | — |  |  | (1.7) |
Income (loss) before income taxes and equity in earnings of joint ventures | (3.8) |  |  | 4.7 |  |  | (19.0) |  |  | — |  |  | (18.1) |
Income tax (expense) benefit | (0.1) |  |  | — |  |  | 1.7 |  |  | — |  |  | 1.6 |
Income (loss) before equity in earnings of joint ventures | (3.9) |  |  | 4.7 |  |  | (17.3) |  |  | — |  |  | (16.5) |
Loss on Sale of BHH | — |  |  | — |  |  | (4.3) |  |  |  |  | (4.3) |
Equity in earnings (loss) of joint ventures | (16.8) |  |  | (0.6) |  |  | 0.1 |  |  | 17.4 |  |  | 0.1 |
Net income (loss) | (20.7) |  |  | 4.1 |  |  | (21.5) |  |  | 17.4 |  |  | (20.7) |
Other comprehensive income (loss) before income tax effect | 1.2 |  |  | 0.3 |  |  | 1.2 |  |  | (1.5) |  |  | 1.2 |
Income tax effect | (0.2) |  |  | — |  |  | — |  |  | — |  |  | (0.2) |
Other comprehensive income | 1.0 |  |  | 0.3 |  |  | 1.2 |  |  | (1.5) |  |  | 1.0 |
Total comprehensive income (loss) | $ | (19.7) |  |  | $ | 4.4 |  |  | $ | (20.3) |  |  | $ | 15.9 |  |  | $ | (19.7) |
Condensed Consolidating Statements of Comprehensive Income (Loss) |  |  |  |  |  |  |  |  |
For the six months ended June 30, 2020 |  |  |  |  |  |  |  |  |
| The Company |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Total Consolidated
NET SALES: |  |  |  |  |  |  |  |  |
Related parties | $ | — |  |  | $ | 304.1 |  |  | $ | 252.5 |  |  | $ | — |  |  | $ | 556.6 |
Other customers | — |  |  | 217.8 |  |  | 48.7 |  |  | — |  |  | 266.5 |
Total net sales | — |  |  | 521.9 |  |  | 301.2 |  |  | — |  |  | 823.1 |
Cost of goods sold | — |  |  | 547.3 |  |  | 284.0 |  |  | — |  |  | 831.3 |
Gross profit (loss) | — |  |  | (25.4) |  |  | 17.2 |  |  | — |  |  | (8.2) |
Selling, general and administrative expenses | 19.9 |  |  | — |  |  | 0.8 |  |  | — |  |  | 20.7 |
Other operating (income) expense - net | — |  |  | — |  |  | 0.5 |  |  | — |  |  | 0.5 |
Operating income (loss) | (19.9) |  |  | (25.4) |  |  | 15.9 |  |  | — |  |  | (29.4) |
Interest expense - term loan | (1.2) |  |  | — |  |  | — |  |  | — |  |  | (1.2) |
Interest expense | (10.5) |  |  | (0.8) |  |  | (0.6) |  |  | — |  |  | (11.9) |
Intercompany interest | 16.5 |  |  | 5.4 |  |  | (21.9) |  |  | — |  |  | — |
Interest income | 0.3 |  |  | — |  |  | 0.2 |  |  | — |  |  | 0.5 |
Net gain (loss) on forward and derivative contracts | 30.7 |  |  | 0.7 |  |  | (23.9) |  |  | — |  |  | 7.5 |
Other income (expense) - net | 0.2 |  |  | 0.6 |  |  | 2.2 |  |  | — |  |  | 3.0 |
Income (loss) before income taxes and equity in earnings of joint ventures | 16.1 |  |  | (19.5) |  |  | (28.1) |  |  | — |  |  | (31.5) |
Income tax benefit (expense) | 1.0 |  |  | — |  |  | 0.9 |  |  | — |  |  | 1.9 |
Income (loss) before equity in earnings of joint ventures | 17.1 |  |  | (19.5) |  |  | (27.2) |  |  | — |  |  | (29.6) |
Equity in earnings (loss) of joint ventures | (46.7) |  |  | 2.4 |  |  | — |  |  | 44.3 |  |  | 0.0 |
Net income (loss) | (29.6) |  |  | (17.1) |  |  | (27.2) |  |  | 44.3 |  |  | (29.6) |
Other comprehensive income before income tax effect | 2.7 |  |  | 1.5 |  |  | 0.9 |  |  | (2.4) |  |  | 2.7 |
Income tax effect | (0.6) |  |  | — |  |  | — |  |  | — |  |  | (0.6) |
Other comprehensive income | 2.1 |  |  | 1.5 |  |  | 0.9 |  |  | (2.4) |  |  | 2.1 |
Total comprehensive income (loss) | $ | (27.5) |  |  | $ | (15.6) |  |  | $ | (26.3) |  |  | $ | 41.9 |  |  | $ | (27.5) |
Condensed Consolidating Statements of Comprehensive Income (Loss) |  |  |  |  |  |  |  |  |
For the six months ended June 30, 2019 |  |  |  |  |  |  |  |  |
| The Company |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Total Consolidated
NET SALES: |  |  |  |  |  |  |  |  |
Related parties | $ | — |  |  | $ | 299.9 |  |  | $ | 316.5 |  |  | $ | — |  |  | $ | 616.4 |
Other customers | — |  |  | 334.9 |  |  | 11.9 |  |  | — |  |  | 346.8 |
Total net sales | — |  |  | 634.8 |  |  | 328.4 |  |  | — |  |  | 963.2 |
Cost of goods sold | — |  |  | 633.2 |  |  | 346.9 |  |  | — |  |  | 980.1 |
Gross profit (loss) | — |  |  | 1.6 |  |  | (18.5) |  |  | — |  |  | (16.9) |
Selling, general and administrative expenses | 25.6 |  |  | — |  |  | 1.0 |  |  | — |  |  | 26.6 |
Other operating (income) expense - net | — |  |  | — |  |  | 0.6 |  |  | — |  |  | 0.6 |
Operating income (loss) | (25.6) |  |  | 1.6 |  |  | (20.1) |  |  | — |  |  | (44.1) |
Interest expense - term loan | (0.6) |  |  | — |  |  | — |  |  | — |  |  | (0.6) |
Interest expense | (10.8) |  |  | (0.8) |  |  | (0.1) |  |  | — |  |  | (11.7) |
Intercompany interest | 17.4 |  |  | 5.0 |  |  | (22.4) |  |  | — |  |  | — |
Interest income | 0.1 |  |  | — |  |  | 0.3 |  |  | — |  |  | 0.4 |
Net gain (loss) on forward and derivative contracts | 0.1 |  |  | 0.7 |  |  | (0.4) |  |  | — |  |  | 0.4 |
Other income (expense) - net | 0.9 |  |  | (1.9) |  |  | 0.5 |  |  | — |  |  | (0.5) |
Income (loss) before income taxes and equity in earnings of joint ventures | (18.5) |  |  | 4.6 |  |  | (42.2) |  |  | — |  |  | (56.1) |
Income tax benefit (expense) | 0.9 |  |  | — |  |  | 3.5 |  |  | — |  |  | 4.4 |
Income (loss) before equity in earnings of joint ventures | (17.6) |  |  | 4.6 |  |  | (38.7) |  |  | — |  |  | (51.7) |
Loss on sale of BHH | — |  |  | — |  |  | (4.3) |  |  | — |  |  | (4.3) |
Equity in earnings (loss) of joint ventures | (37.7) |  |  | (0.3) |  |  | 0.7 |  |  | 38.0 |  |  | 0.7 |
Net income (loss) | (55.3) |  |  | 4.3 |  |  | (42.3) |  |  | 38.0 |  |  | (55.3) |
Other comprehensive income before income tax effect | 1.8 |  |  | 0.9 |  |  | 1.5 |  |  | (2.4) |  |  | 1.8 |
Income tax effect | (0.5) |  |  | — |  |  | — |  |  | — |  |  | (0.5) |
Other comprehensive income | 1.3 |  |  | 0.9 |  |  | 1.5 |  |  | (2.4) |  |  | 1.3 |
Total comprehensive income (loss) | $ | (54.0) |  |  | $ | 5.2 |  |  | $ | (40.8) |  |  | $ | 35.6 |  |  | $ | (54.0) |
Condensed Consolidating Balance Sheets |
Condensed Consolidating Balance Sheets |  |  |  |  |  |  |  |  |
As of June 30, 2020 |  |  |  |  |  |  |  |  |
| The Company |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Total Consolidated
Cash & cash equivalents | $ | 103.7 |  |  | $ | 0.2 |  |  | $ | 70.2 |  |  | $ | — |  |  | $ | 174.1 |
Restricted cash | — |  |  | 1.8 |  |  | 1.9 |  |  | — |  |  | 3.7 |
Accounts receivable - net | 3.6 |  |  | 31.4 |  |  | 0.9 |  |  | — |  |  | 35.9 |
Due from affiliates | 1.9 |  |  | 7.5 |  |  | 0.4 |  |  | — |  |  | 9.8 |
Inventories | — |  |  | 168.7 |  |  | 106.3 |  |  | — |  |  | 275.0 |
Derivative Assets | 18.3 |  |  | — |  |  | — |  |  | — |  |  | 18.3 |
Prepaid and other current assets | 4.5 |  |  | 1.0 |  |  | 9.1 |  |  | — |  |  | 14.6 |
Total current assets | 132.0 |  |  | 210.6 |  |  | 188.8 |  |  | — |  |  | 531.4 |
Property, plant and equipment - net | 15.7 |  |  | 327.7 |  |  | 575.6 |  |  | — |  |  | 919.0 |
Investment in subsidiaries | 568.3 |  |  | 65.1 |  |  | — |  |  | (633.4) |  |  | — |
Due from affiliates - less current portion | 736.2 |  |  | 599.6 |  |  | 5.3 |  |  | (1,337.2) |  |  | 3.9 |
Other assets | 48.1 |  |  | 3.7 |  |  | 17.9 |  |  | — |  |  | 69.7 |
TOTAL | $ | 1,500.3 |  |  | $ | 1,206.7 |  |  | $ | 787.6 |  |  | $ | (1,970.6) |  |  | $ | 1,524.0 |
Accounts payable, trade | $ | 2.5 |  |  | $ | 62.2 |  |  | $ | 23.0 |  |  | $ | — |  |  | $ | 87.7 |
Due to affiliates | — |  |  | 1.8 |  |  | — |  |  | — |  |  | 1.8 |
Accrued and other current liabilities | 26.2 |  |  | 22.6 |  |  | 28.1 |  |  | — |  |  | 76.9 |
Accrued employee benefits costs | 1.9 |  |  | 7.7 |  |  | 0.8 |  |  | — |  |  | 10.4 |
Term loan - current | 20.0 |  |  | — |  |  | — |  |  | — |  |  | 20.0 |
U.S revolving credit facility | 45.0 |  |  | — |  |  | — |  |  | — |  |  | 45.0 |
Industrial revenue bonds | — |  |  | 7.8 |  |  | — |  |  | — |  |  | 7.8 |
Total current liabilities | 95.6 |  |  | 102.1 |  |  | 51.9 |  |  | — |  |  | 249.6 |
Senior notes payable | 249.5 |  |  | — |  |  | — |  |  | — |  |  | 249.5 |
Term loan - less current portion | 10.0 |  |  | — |  |  | — |  |  | — |  |  | 10.0 |
Iceland revolving credit facility | — |  |  | — |  |  | 45.0 |  |  | — |  |  | 45.0 |
Accrued pension benefits costs - less current portion | 24.4 |  |  | 26.0 |  |  | 7.3 |  |  | — |  |  | 57.7 |
Accrued postretirement benefits costs - less current portion | 1.0 |  |  | 96.5 |  |  | 1.8 |  |  | — |  |  | 99.3 |
Due to affiliates - long term | 459.5 |  |  | 320.0 |  |  | 557.7 |  |  | (1,337.2) |  |  | — |
Other liabilities | 6.3 |  |  | 23.9 |  |  | 17.6 |  |  | — |  |  | 47.8 |
Leases - right of use liabilities | 5.3 |  |  | 0.0 |  |  | 16.4 |  |  | — |  |  | 21.7 |
Deferred taxes | — |  |  | 0.3 |  |  | 94.4 |  |  | — |  |  | 94.7 |
Total noncurrent liabilities | 756.0 |  |  | 466.7 |  |  | 740.2 |  |  | (1,337.2) |  |  | 625.7 |
Preferred stock | 0.0 |  |  | — |  |  | — |  |  | — |  |  | 0.0 |
Common stock | 1.0 |  |  | — |  |  | — |  |  | — |  |  | 1.0 |
Other shareholders' equity | 647.7 |  |  | 637.9 |  |  | (4.5) |  |  | (633.4) |  |  | 647.7 |
Total shareholders' equity | 648.7 |  |  | 637.9 |  |  | (4.5) |  |  | (633.4) |  |  | 648.7 |
TOTAL | $ | 1,500.3 |  |  | $ | 1,206.7 |  |  | $ | 787.6 |  |  | $ | (1,970.6) |  |  | $ | 1,524.0 |
Condensed Consolidating Balance Sheets |  |  |  |  |  |  |  |  |
As of December 31, 2019 |  |  |  |  |  |  |  |  |
| The Company |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Total Consolidated
Cash & cash equivalents | $ | 0.3 |  |  | $ | 0.1 |  |  | $ | 38.5 |  |  | $ | — |  |  | $ | 38.9 |
Restricted cash | — |  |  | 0.8 |  |  | — |  |  | — |  |  | 0.8 |
Accounts receivable - net | 0.7 |  |  | 64.1 |  |  | 5.3 |  |  | — |  |  | 70.1 |
Due from affiliates | — |  |  | 10.9 |  |  | 19.2 |  |  | — |  |  | 30.1 |
Inventories | — |  |  | 205.5 |  |  | 115.1 |  |  | — |  |  | 320.6 |
Derivative Assets | 12.2 |  |  | — |  |  | 2.4 |  |  | — |  |  | 14.6 |
Prepaid and other current assets | 3.0 |  |  | 2.8 |  |  | 6.4 |  |  | — |  |  | 12.2 |
Total current assets | 16.2 |  |  | 284.2 |  |  | 186.9 |  |  | — |  |  | 487.3 |
Property, plant and equipment - net | 17.2 |  |  | 334.8 |  |  | 597.2 |  |  | — |  |  | 949.2 |
Investment in subsidiaries | 609.5 |  |  | 62.7 |  |  | — |  |  | (672.2) |  |  | — |
Due from affiliates - long term | 749.5 |  |  | 537.9 |  |  | 5.1 |  |  | (1,292.0) |  |  | 0.5 |
Other assets | 38.1 |  |  | 5.7 |  |  | 18.9 |  |  | — |  |  | 62.7 |
TOTAL | $ | 1,430.5 |  |  | $ | 1,225.3 |  |  | $ | 808.1 |  |  | $ | (1,964.2) |  |  | $ | 1,499.7 |
Accounts payable, trade | $ | 2.3 |  |  | $ | 66.2 |  |  | $ | 28.6 |  |  | $ | — |  |  | $ | 97.1 |
Due to affiliates | — |  |  | 2.2 |  |  | 30.7 |  |  | — |  |  | 32.9 |
Accrued and other current liabilities | 23.5 |  |  | 27.3 |  |  | 14.7 |  |  | — |  |  | 65.5 |
Accrued employee benefits costs | 1.9 |  |  | 7.7 |  |  | 0.8 |  |  | — |  |  | 10.4 |
Hawesville term loan | 20.0 |  |  | — |  |  | — |  |  | — |  |  | 20.0 |
Industrial revenue bonds | — |  |  | 7.8 |  |  | — |  |  | — |  |  | 7.8 |
Total current liabilities | 47.7 |  |  | 111.2 |  |  | 74.8 |  |  | — |  |  | 233.7 |
Senior notes payable | 249.2 |  |  | — |  |  | — |  |  | — |  |  | 249.2 |
Hawesville term loan - less current portion | 20.0 |  |  | — |  |  | — |  |  | — |  |  | 20.0 |
Accrued pension benefits costs - less current portion | 25.1 |  |  | 27.3 |  |  | 8.4 |  |  | — |  |  | 60.8 |
Accrued postretirement benefits costs - less current portion | 1.1 |  |  | 97.8 |  |  | 1.8 |  |  | — |  |  | 100.7 |
Leases - right of use liabilities | 5.5 |  |  | 0.4 |  |  | 16.9 |  |  | — |  |  | 22.8 |
Other liabilities | 3.5 |  |  | 22.2 |  |  | 16.7 |  |  | — |  |  | 42.4 |
Due to affiliates - long term | 403.4 |  |  | 315.9 |  |  | 572.7 |  |  | (1,292.0) |  |  | — |
Deferred taxes | — |  |  | 0.4 |  |  | 94.7 |  |  | — |  |  | 95.1 |
Total noncurrent liabilities | 707.8 |  |  | 464.0 |  |  | 711.2 |  |  | (1,292.0) |  |  | 591.0 |
Preferred stock | 0.0 |  |  | — |  |  | — |  |  | — |  |  | 0.0 |
Common stock | 1.0 |  |  | 0.0 |  |  | 0.1 |  |  | (0.1) |  |  | 1.0 |
Other shareholders' equity | 674.0 |  |  | 650.1 |  |  | 22.0 |  |  | (672.1) |  |  | 674.0 |
Total shareholders' equity | 675.0 |  |  | 650.1 |  |  | 22.1 |  |  | (672.2) |  |  | 675.0 |
TOTAL | $ | 1,430.5 |  |  | $ | 1,225.3 |  |  | $ | 808.1 |  |  | $ | (1,964.2) |  |  | $ | 1,499.7 |
Condensed Consolidating Statements of Cash Flows |
Condensed Consolidating Statements of Cash Flows |  |  |  |  |  |  |  |  |
For the six months ended June 30, 2020 |  |  |  |  |  |  |  |  |
| The Company |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Total Consolidated
Net cash provided by (used in) operating activities | $ | (21.6) |  |  | $ | 66.8 |  |  | $ | 26.4 |  |  | $ | — |  |  | $ | 71.6 |
Purchase of property, plant and equipment | (0.5) |  |  | (8.3) |  |  | (0.8) |  |  | — |  |  | (9.6) |
Proceeds from sale of property, plant, and equipment | — |  |  | — |  |  | 0.1 |  |  | — |  |  | 0.1 |
Intercompany transactions | 38.4 |  |  | (56.3) |  |  | (0.2) |  |  | 18.1 |  |  | — |
Net cash provided by (used in) investing activities | 37.9 |  |  | (64.6) |  |  | (0.9) |  |  | 18.1 |  |  | (9.5) |
Repayments on term loan | (10.0) |  |  | — |  |  | — |  |  | — |  |  | (10.0) |
Borrowings under revolving credit facilities | 77.4 |  |  | — |  |  | 45.0 |  |  | — |  |  | 122.4 |
Repayments under revolving credit facilities | (36.4) |  |  | — |  |  | — |  |  | — |  |  | (36.4) |
Intercompany transactions | 56.1 |  |  | (1.1) |  |  | (36.9) |  |  | (18.1) |  |  | — |
Net cash provided by (used in) financing activities | 87.1 |  |  | (1.1) |  |  | 8.1 |  |  | (18.1) |  |  | 76.0 |
CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | 103.4 |  |  | 1.1 |  |  | 33.6 |  |  | — |  |  | 138.1 |
Cash, cash equivalents and restricted cash, beginning of period | 0.3 |  |  | 0.9 |  |  | 38.5 |  |  | — |  |  | 39.7 |
Cash, cash equivalents and restricted cash, end of period | $ | 103.7 |  |  | $ | 2.0 |  |  | $ | 72.1 |  |  | $ | — |  |  | $ | 177.8 |
Condensed Consolidating Statements of Cash Flows |  |  |  |  |  |  |  |  |
For the six months ended June 30, 2019 |  |  |  |  |  |  |  |  |
| The Company |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Total Consolidated
Net cash provided by (used in) operating activities | $ | (35.6) |  |  | $ | (1.1) |  |  | $ | 11.1 |  |  | $ | — |  |  | $ | (25.6) |
Purchase of property, plant and equipment | (0.6) |  |  | (12.2) |  |  | (10.5) |  |  | — |  |  | (23.3) |
Proceeds from sale of joint venture | — |  |  | — |  |  | 10.5 |  |  | — |  |  | 10.5 |
Intercompany transactions | (22.2) |  |  | (33.6) |  |  | 0.2 |  |  | 55.6 |  |  | — |
Net cash provided by (used in) investing activities | (22.8) |  |  | (45.8) |  |  | 0.2 |  |  | 55.6 |  |  | (12.8) |
Borrowing under term loan | 40.0 |  |  | — |  |  | — |  |  | — |  |  | 40.0 |
Borrowings under revolving credit facilities | 288.2 |  |  | — |  |  | — |  |  | — |  |  | 288.2 |
Repayments under revolving credit facilities | (303.3) |  |  | — |  |  | — |  |  | — |  |  | (303.3) |
Other short term borrowings | 3.4 |  |  | — |  |  | — |  |  | — |  |  | 3.4 |
Repayment on other short term borrowings | (3.4) |  |  | — |  |  | — |  |  | — |  |  | (3.4) |
Issuance of common stock | 0.3 |  |  | — |  |  | — |  |  | — |  |  | 0.3 |
Intercompany transactions | 33.7 |  |  | 46.8 |  |  | (24.9) |  |  | (55.6) |  |  | — |
Net cash provided by (used in) financing activities | 58.9 |  |  | 46.8 |  |  | (24.9) |  |  | (55.6) |  |  | 25.2 |
CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | 0.5 |  |  | (0.1) |  |  | (13.6) |  |  | — |  |  | (13.2) |
Cash, cash equivalents and restricted cash, beginning of period | 0.1 |  |  | 0.8 |  |  | 38.8 |  |  | — |  |  | 39.7 |
Cash, cash equivalents and restricted cash, end of period | $ | 0.6 |  |  | $ | 0.7 |  |  | $ | 25.2 |  |  | $ | — |  |  | $ | 26.5 |

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