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Condensed Consolidating Financial Information (Tables) | 12 Months Ended
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Dec. 31, 2020
Condensed Financial Information Disclosure [Abstract] |
Condensed Consolidating Statements of Comprehensive Income (Loss) | The following summarized condensed consolidating statements of comprehensive income (loss) for the twelve months ended December 31, 2020, 2019, and 2018, condensed consolidating balance sheets as of December 31, 2020 and December 31, 2019 and the condensed consolidating statements of cash flows for the twelve months ended December 31, 2020, 2019, and 2018 present separate results for Century, the Guarantor Subsidiaries, the Non-Guarantor Subsidiaries, consolidating adjustments and total consolidated amounts.
Condensed Consolidating Statements of Comprehensive Income (Loss)
For the year ended December 31, 2020
|  | The Company |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Total Consolidated
NET SALES: |  |  |  |  |  |  |  |  |  |
Related parties |  | $ | — |  |  | $ | 531.1 |  |  | $ | 494.4 |  |  | $ | — |  |  | $ | 1,025.5 |
Other customers |  | — |  |  | 476.4 |  |  | 103.2 |  |  | — |  |  | 579.6 |
Total net sales |  | — |  |  | 1,007.5 |  |  | 597.6 |  |  | — |  |  | 1,605.1 |
Cost of goods sold |  | — |  |  | 1,072.5 |  |  | 569.1 |  |  | — |  |  | 1,641.6 |
Gross profit (loss) |  | — |  |  | (65.0) |  |  | 28.5 |  |  | — |  |  | (36.5) |
Selling, general and administrative expenses |  | 27.2 |  |  | 11.9 |  |  | 4.4 |  |  | — |  |  | 43.5 |
Other operating expense - net |  | — |  |  | — |  |  | 0.5 |  |  |  |  | 0.5 |
Operating income (loss) |  | (27.2) |  |  | (76.9) |  |  | 23.6 |  |  | — |  |  | (80.5) |
Interest expense - Hawesville term loan |  | (1.9) |  |  | — |  |  | — |  |  | — |  |  | (1.9) |
Interest expense |  | (26.8) |  |  | (1.5) |  |  | (1.4) |  |  | — |  |  | (29.7) |
Intercompany Interest |  | 32.8 |  |  | 11.1 |  |  | (43.9) |  |  | — |  |  | — |
Interest income |  | 0.4 |  |  | — |  |  | 0.4 |  |  | — |  |  | 0.8 |
Net gain on forward and derivative contracts |  | 10.6 |  |  | 1.4 |  |  | (29.3) |  |  | — |  |  | (17.3) |
Loss on early extinguishment of debt |  | (1.2) |  |  | — |  |  | — |  |  | — |  |  | (1.2) |
Other income (expense) - net |  | (0.1) |  |  | 1.0 |  |  | 2.6 |  |  | — |  |  | 3.5 |
Income (loss) before income taxes and equity in earnings of joint ventures |  | (13.4) |  |  | (64.9) |  |  | (48.0) |  |  | — |  |  | (126.3) |
Income tax (expense) benefit |  | 1.2 |  |  | — |  |  | 1.9 |  |  | — |  |  | 3.1 |
Income (loss) before equity in earnings of joint ventures |  | (12.2) |  |  | (64.9) |  |  | (46.1) |  |  | — |  |  | (123.2) |
BHH impairment |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Equity in earnings (loss) of joint ventures |  | (111.1) |  |  | 2.6 |  |  | (0.1) |  |  | 108.5 |  |  | (0.1) |
Net income (loss) |  | (123.3) |  |  | (62.3) |  |  | (46.2) |  |  | 108.5 |  |  | (123.3) |
Other comprehensive income (loss) before income tax effect |  | (7.9) |  |  | (4.7) |  |  | (1.3) |  |  | 6.0 |  |  | (7.9) |
Income tax effect |  | (1.0) |  |  | — |  |  | 0.0 |  | 0.0 |  | (1.0) |
Other comprehensive income (loss) |  | (8.9) |  |  | (4.7) |  |  | (1.3) |  |  | 6.0 |  |  | (8.9) |
Total comprehensive income (loss) |  | $ | (132.2) |  |  | $ | (67.0) |  |  | $ | (47.5) |  |  | $ | 114.5 |  |  | $ | (132.2) |
Condensed Consolidating Statements of Comprehensive Income (Loss)
For the year ended December 31, 2019
|  | The Company |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Total Consolidated
NET SALES: |  |  |  |  |  |  |  |  |  |
Related parties |  | $ | — |  |  | $ | 566.5 |  |  | $ | 625.1 |  |  | $ | — |  |  | $ | 1,191.6 |
Other customers |  | — |  |  | 613.1 |  |  | 31.9 |  |  | — |  |  | 645.0 |
Total net sales |  | — |  |  | 1,179.6 |  |  | 657.0 |  |  | — |  |  | 1,836.6 |
Cost of goods sold |  | — |  |  | 1,182.4 |  |  | 678.1 |  |  | — |  |  | 1,860.5 |
Gross profit (loss) |  | — |  |  | (2.8) |  |  | (21.1) |  |  | — |  |  | (23.9) |
Selling, general and administrative expenses |  | 25.9 |  |  | 16.3 |  |  | 5.2 |  |  | — |  |  | 47.4 |
Other operating expense - net |  | — |  |  | — |  |  | 0.8 |  |  | — |  |  | 0.8 |
Operating income (loss) |  | (25.9) |  |  | (19.1) |  |  | (27.1) |  |  | — |  |  | (72.1) |
Interest expense - Hawesville term loan |  | (2.1) |  |  | — |  |  | — |  |  | — |  |  | (2.1) |
Interest expense |  | (21.0) |  |  | (1.7) |  |  | (0.3) |  |  | — |  |  | (23.0) |
Intercompany Interest |  | 35.0 |  |  | 10.3 |  |  | (45.3) |  |  | — |  |  | — |
Interest income |  | 0.2 |  |  | — |  |  | 0.6 |  |  | — |  |  | 0.8 |
Net gain (loss) on forward and derivative contracts |  | 12.0 |  |  | 1.4 |  |  | (1.4) |  |  | — |  |  | 12.0 |
Other income (expense) - net |  | 1.3 |  |  | (2.8) |  |  | 0.4 |  |  | — |  |  | (1.1) |
Income (loss) before income taxes and equity in earnings of joint ventures |  | (0.5) |  |  | (11.9) |  |  | (73.1) |  |  | — |  |  | (85.5) |
Income tax (expense) benefit |  | 1.2 |  |  | 1.4 |  |  | 5.8 |  |  | — |  |  | 8.4 |
Income (loss) before equity in earnings of joint ventures |  | 0.7 |  |  | (10.5) |  |  | (67.3) |  |  | — |  |  | (77.1) |
BHH impairment |  | — |  |  | — |  |  | (4.3) |  |  | — |  |  | (4.3) |
Equity in earnings (loss) of joint ventures |  | (81.5) |  |  | 8.2 |  |  | 0.6 |  |  | 73.3 |  |  | 0.6 |
Net income (loss) |  | (80.8) |  |  | (2.3) |  |  | (71.0) |  |  | 73.3 |  |  | (80.8) |
Other comprehensive income before income tax effect |  | (8.8) |  |  | (3.2) |  |  | (1.2) |  |  | 4.4 |  |  | (8.8) |
Income tax effect |  | (1.0) |  |  | — |  |  | 0.0 |  | — |  |  | (1.0) |
Other comprehensive income (loss) |  | (9.8) |  |  | (3.2) |  |  | (1.2) |  |  | 4.4 |  |  | (9.8) |
Total comprehensive income (loss) |  | $ | (90.6) |  |  | $ | (5.5) |  |  | $ | (72.2) |  |  | $ | 77.7 |  |  | $ | (90.6) |
Condensed Consolidating Statements of Comprehensive Income (Loss)
For the year ended December 31, 2018
|  | The Company |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Total Consolidated
NET SALES: |  |  |  |  |  |  |  |  |  |
Related parties |  | $ | — |  |  | $ | 453.6 |  |  | $ | 750.9 |  |  | $ | — |  |  | $ | 1,204.5 |
Other customers |  | — |  |  | 685.0 |  |  | 3.7 |  |  | — |  |  | 688.7 |
Total net sales |  | — |  |  | 1,138.6 |  |  | 754.6 |  |  | — |  |  | 1,893.2 |
Cost of goods sold |  | — |  |  | 1,169.2 |  |  | 746.9 |  |  | — |  |  | 1,916.1 |
Gross profit (loss) |  | — |  |  | (30.6) |  |  | 7.7 |  |  | — |  |  | (22.9) |
Selling, general and administrative expenses |  | 23.3 |  |  | 11.6 |  |  | 5.3 |  |  | — |  |  | 40.2 |
Helguvik impairment |  | — |  |  | — |  |  | (4.5) |  |  | — |  |  | (4.5) |
Other operating expense - net |  | — |  |  | — |  |  | 0.4 |  |  | — |  |  | 0.4 |
Operating income (loss) |  | (23.3) |  |  | (42.2) |  |  | 6.5 |  |  | — |  |  | (59.0) |
Interest expense |  | (20.6) |  |  | (1.6) |  |  | (0.2) |  |  | — |  |  | (22.4) |
Intercompany Interest |  | 36.3 |  |  | 9.5 |  |  | (45.8) |  |  | — |  |  | — |
Interest income |  | 0.3 |  |  | — |  |  | 1.2 |  |  | — |  |  | 1.5 |
Net gain (loss) on forward and derivative contracts |  | 1.3 |  |  | 1.4 |  |  | 3.6 |  |  | — |  |  | 6.3 |
Other income (expense) - net |  | 2.1 |  |  | (1.9) |  |  | 2.8 |  |  | — |  |  | 3.0 |
Income (loss) before income taxes and equity in earnings of joint ventures |  | (3.9) |  |  | (34.8) |  |  | (31.9) |  |  | — |  |  | (70.6) |
Income tax (expense) benefit |  | 2.6 |  |  | — |  |  | (2.4) |  |  | — |  |  | 0.2 |
Income (loss) before equity in earnings (loss) of joint ventures |  | (1.3) |  |  | (34.8) |  |  | (34.3) |  |  | — |  |  | (70.4) |
Equity in earnings (loss) of subsidiaries and joint ventures |  | (64.9) |  |  | 0.6 |  |  | 4.2 |  |  | 64.3 |  |  | 4.2 |
Net income |  | (66.2) |  |  | (34.2) |  |  | (30.1) |  |  | 64.3 |  |  | (66.2) |
Other comprehensive income before income tax effect |  | (5.5) |  |  | (24.2) |  |  | 5.2 |  |  | 19.0 |  |  | (5.5) |
Income tax effect |  | (1.5) |  |  | — |  |  | — |  |  | — |  |  | (1.5) |
Other comprehensive income |  | (7.0) |  |  | (24.2) |  |  | 5.2 |  |  | 19.0 |  |  | (7.0) |
Total comprehensive income |  | $ | (73.2) |  |  | $ | (58.4) |  |  | $ | (24.9) |  |  | $ | 83.3 |  |  | $ | (73.2) |
Condensed Consolidating Balance Sheet |
Condensed Consolidating Balance Sheets |
As of December 31, 2020 |
|  | The Company |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Total Consolidated |
Cash & cash equivalents |  | $ | 0.8 |  |  | $ | 1.2 |  |  | $ | 79.6 |  |  | $ | — |  |  | $ | 81.6 |  |
Restricted cash |  | — |  |  | 0.8 |  |  | 1.9 |  |  | — |  |  | 2.7 |  |
Accounts receivable - net |  | 1.0 |  |  | 47.8 |  |  | 2.2 |  |  | — |  |  | 51.0 |  |
Due from affiliates |  | 1.2 |  | 9.1 |  |  | — |  |  | — |  |  | 10.3 |  |
Inventories |  | — |  |  | 183.8 |  |  | 107.3 |  |  | — |  |  | 291.1 |  |
Derivative assets |  | 3.0 |  |  | — |  |  | 3.4 |  |  | — |  |  | 6.4 |  |
Prepaid and other current assets |  | 3.5 |  |  | 0.2 |  |  | 9.2 |  |  | — |  |  | 12.9 |  |
Total current assets |  | 9.5 |  |  | 242.9 |  |  | 203.6 |  |  | — |  |  | 456.0 |  |
Property, plant and equipment - net |  | 13.8 |  |  | 311.4 |  |  | 555.2 |  |  | — |  |  | 880.4 |  |
Investment in subsidiaries |  | 495.5 |  |  | 65.4 |  |  | — |  |  | (560.9) |  |  | — |  |
Due from affiliates - less current portion |  | 788.8 |  |  | 600.3 |  |  | 3.9 |  |  | (1,391.3) |  |  | 1.7 |  |
Other assets |  | 34.2 |  |  | 4.3 |  |  | 23.0 |  |  | — |  |  | 61.5 |  |
TOTAL |  | 1,341.8 |  |  | 1,224.3 |  |  | 785.7 |  |  | (1,952.2) |  |  | 1,399.6 |  |
Accounts payable, trade |  | 4.6 |  |  | 60.3 |  |  | 41.2 |  |  | — |  |  | 106.1 |  |
Interest payable |  | 15.0 |  |  | — |  |  | — |  |  | — |  |  | 15.0 |  |
Due to affiliates |  | 0.0 |  | 10.4 |  |  | 11.3 |  |  | — |  |  | 21.7 |  |
Accrued and other current liabilities |  | 17.7 |  |  | 23.7 |  |  | 18.0 |  |  | — |  |  | 59.4 |  |
Accrued employee benefits costs |  | 1.9 |  |  | 7.8 |  |  | 0.6 |  |  | — |  |  | 10.3 |  |
Hawesville term loan - current |  | 20.0 |  |  | — |  |  | — |  |  | — |  |  | 20.0 |  |
Industrial revenue bonds |  | — |  |  | 7.8 |  |  | — |  |  | — |  |  | 7.8 |  |
Total current liabilities |  | 59.2 |  |  | 110.0 |  |  | 71.1 |  |  | — |  |  | 240.3 |  |
Senior notes payable |  | 243.1 |  |  | — |  |  | — |  |  | — |  |  | 243.1 |  |
Iceland revolving credit facility |  | — |  |  | — |  |  | 45.0 |  |  | — |  |  | 45.0 |  |
Accrued pension benefits costs - less current portion |  | 26.3 |  |  | 29.9 |  |  | 9.0 |  |  | — |  |  | 65.2 |  |
Accrued postretirement benefits costs - less current portion |  | 1.0 |  |  | 98.5 |  |  | 2.0 |  |  | — |  |  | 101.5 |  |
Leases - right of use liabilities |  | 6.4 |  |  | — |  |  | 17.9 |  |  | — |  |  | 24.3 |  |
Other liabilities |  | 6.1 |  |  | 24.9 |  |  | 13.8 |  |  | — |  |  | 44.8 |  |
Due to affiliates - less current portion |  | 453.6 |  |  | 374.1 |  |  | 563.7 |  |  | (1,391.3) |  |  | 0.1 |  |
Deferred taxes |  | — |  |  | 0.4 |  |  | 88.8 |  |  | — |  |  | 89.2 |  |
Total noncurrent liabilities |  | 736.5 |  |  | 527.8 |  |  | 740.2 |  |  | (1,391.3) |  |  | 613.2 |  |
Preferred stock |  | 0.0 |  | — |  |  | — |  |  | — |  |  | 0.0 |  |
Common stock |  | 1.0 |  |  | 0.0 |  | 0.1 |  |  | (0.1) |  |  | 1.0 |  |
Other shareholders' equity |  | 545.1 |  |  | 586.5 |  |  | (25.7) |  |  | (560.8) |  |  | 545.1 |  |
Total shareholders' equity |  | 546.1 |  |  | 586.5 |  |  | (25.6) |  |  | (560.9) |  |  | 546.1 |  |
TOTAL |  | $ | 1,341.8 |  |  | $ | 1,224.3 |  |  | $ | 785.7 |  |  | $ | (1,952.2) |  |  | $ | 1,399.6 |  |
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 |  | 0.0 |  | 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 - less current portion |  | 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 - current |  | 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 |
Other liabilities |  | 3.5 |  |  | 22.2 |  |  | 16.7 |  |  | — |  |  | 42.4 |
Lease - right of use liabilities |  | 5.5 |  |  | 0.4 |  |  | 16.9 |  |  | — |  |  | 22.8 |
Due to affiliates - less current portion |  | 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 Statement of Cash Flows |
Condensed Consolidating Statements of Cash Flows
For the year ended December 31, 2020
|  | The Company |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Total Consolidated
Net cash provided by (used in) operating activities |  | $ | (23.9) |  |  | $ | 15.0 |  |  | $ | 51.8 |  |  | $ | — |  |  | $ | 42.9 |
Purchase of property, plant and equipment |  | (0.8) |  |  | (10.4) |  |  | (2.2) |  |  | — |  |  | (13.4) |
Proceeds from sale of property, plant and equipment |  | — |  |  | 1.5 |  |  | 0.1 |  |  | — |  |  | 1.6 |
Intercompany transactions |  | 6.5 |  |  | (51.3) |  |  | 1.3 |  |  | 43.5 |  |  | — |
Net cash provided by (used in) investing activities |  | 5.7 |  |  | (60.2) |  |  | (0.8) |  |  | 43.5 |  |  | (11.8) |
Repayment of debt |  | (250.0) |  |  | — |  |  | — |  |  | — |  |  | (250.0) |
Proceeds from issuance of debt |  | 243.8 |  |  | — |  |  | — |  |  | — |  |  | 243.8 |
Borrowings under revolving credit facilities |  | 213.9 |  |  | — |  |  | 45.0 |  |  | — |  |  | 258.9 |
Repayments under revolving credit facilities |  | (217.9) |  |  | — |  |  | — |  |  | — |  |  | (217.9) |
Debt issuance cost |  | (1.1) |  |  | — |  |  | — |  |  | — |  |  | (1.1) |
Debt retirement costs |  | (0.2) |  |  | — |  |  | — |  |  | — |  |  | (0.2) |
Repayments under Hawesville term loan |  | (20.0) |  |  | — |  |  | — |  |  | — |  |  | (20.0) |
Intercompany transactions |  | 50.2 |  |  | 46.3 |  |  | (53.0) |  |  | (43.5) |  |  | — |
Net cash provided by (used in) financing activities |  | 18.7 |  |  | 46.3 |  |  | (8.0) |  |  | (43.5) |  |  | 13.5 |
CHANGE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH |  | 0.5 |  |  | 1.1 |  |  | 43.0 |  |  | — |  |  | 44.6 |
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 |  | $ | 0.8 |  |  | $ | 2.0 |  |  | $ | 81.5 |  |  | $ | — |  |  | $ | 84.3 |
Condensed Consolidating Statements of Cash Flows
For the year ended December 31, 2019
|  | The Company |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Total Consolidated
Net cash provided by (used in) operating activities |  | $ | (71.7) |  |  | $ | 51.4 |  |  | $ | 38.0 |  |  | $ | — |  |  | $ | 17.7 |
Purchase of property, plant and equipment |  | (0.7) |  |  | (43.4) |  |  | (15.5) |  |  | — |  |  | (59.6) |
Proceeds from sale of joint venture |  | — |  |  | — |  |  | 20.8 |  |  | — |  |  | 20.8 |
Intercompany transactions |  | 43.4 |  |  | (10.0) |  |  | 2.1 |  |  | (35.5) |  |  | — |
Net cash provided by (used in) investing activities |  | 42.7 |  |  | (53.4) |  |  | 7.4 |  |  | (35.5) |  |  | (38.8) |
Borrowings under Hawesville term loan |  | 40.0 |  |  | — |  |  | — |  |  | — |  |  | 40.0 |
Borrowings under revolving credit facilities |  | 368.6 |  |  | — |  |  | 19.5 |  |  | — |  |  | 388.1 |
Repayments under revolving credit facilities |  | (387.8) |  |  | — |  |  | (19.5) |  |  | — |  |  | (407.3) |
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 |  | 8.1 |  |  | 2.1 |  |  | (45.7) |  |  | 35.5 |  |  | — |
Net cash provided by (used in) financing activities |  | 29.2 |  |  | 2.1 |  |  | (45.7) |  |  | 35.5 |  |  | 21.1 |
CHANGE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH |  | 0.2 |  |  | 0.1 |  |  | (0.3) |  |  | — |  |  | — |
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 |  | $ | 0.3 |  |  | $ | 0.9 |  |  | $ | 38.5 |  |  | $ | — |  |  | $ | 39.7 |
Condensed Consolidating Statements of Cash Flows
For the year ended December 31, 2018
|  | The Company |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Total Consolidated
Net cash provided by operating activities |  | $ | (53.0) |  |  | $ | (19.5) |  |  | $ | 3.4 |  |  | $ | — |  |  | $ | (69.1) |
Purchase of property, plant and equipment |  | (4.4) |  |  | (65.1) |  |  | (13.5) |  |  | — |  |  | (83.0) |
Proceeds from sale of property, plant and equipment |  | — |  |  | — |  |  | 0.1 |  |  | — |  |  | 0.1 |
Intercompany transactions |  | 21.6 |  |  | 54.7 |  |  | 2.2 |  |  | (78.5) |  |  | — |
Net cash used in investing activities |  | 17.2 |  |  | (10.4) |  |  | (11.2) |  |  | (78.5) |  |  | (82.9) |
Borrowings under revolving credit facilities |  | 120.1 |  |  | — |  |  | — |  |  | — |  |  | 120.1 |
Repayments under revolving credit facilities |  | (96.8) |  |  | — |  |  | — |  |  | — |  |  | (96.8) |
Issuance of common stock |  | 0.4 |  |  | — |  |  | — |  |  | — |  |  | 0.4 |
Intercompany transactions |  | (52.1) |  |  | 30.0 |  |  | (56.4) |  |  | 78.5 |  |  | — |
Net cash used in financing activities |  | (28.4) |  |  | 30.0 |  |  | (56.4) |  |  | 78.5 |  |  | 23.7 |
CHANGE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH |  | (64.2) |  |  | 0.1 |  |  | (64.2) |  |  | — |  |  | (128.3) |
Cash, cash equivalents, and restricted cash, beginning of period |  | 64.3 |  |  | 0.7 |  |  | 103.0 |  |  | — |  |  | 168.0 |
Cash, cash equivalents, and restricted cash, end of period |  | $ | 0.1 |  |  | $ | 0.8 |  |  | $ | 38.8 |  |  | $ | — |  |  | $ | 39.7 |

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