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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2020
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
NET SALES:                      
Related parties                 $ 1,025.5 $ 1,191.6 $ 1,204.5
Other customers                 579.6 645.0 688.7
Total net sales                 1,605.1 1,836.6 1,893.2
Cost of goods sold                 1,641.6 1,860.5 1,916.1
Gross profit (loss) $ (1.2) $ (27.1) $ (13.0) $ 4.8 $ 6.7 $ (13.7) $ (4.1) $ (12.8) (36.5) (23.9) (22.9)
Selling, general and administrative expenses                 43.5 47.4 40.2
Helguvik (gains) losses                 0.0 0.0 (4.5)
Other operating expense - net                 0.5 0.8 0.4
Operating income (loss)                 (80.5) (72.1) (59.0)
Interest expense – Hawesville term loan                 (1.9) (2.1) 0.0
Interest expense                 (29.7) (23.0) (22.4)
Interest income                 0.8 0.8 1.5
Net gain (loss) on forward and derivative contracts                 (17.3) 12.0 6.3
Loss on early extinguishment of debt                 (1.2) 0.0 0.0
Other income (expense) - net                 3.5 (1.1) 3.0
Income (loss) before income taxes and equity in earnings of joint ventures                 (126.3) (85.5) (70.6)
Income tax benefit (expense)                 3.1 8.4 0.2
Income (loss) before equity in earnings of joint ventures                 (123.2) (77.1) (70.4)
Loss on sale of BHH                 0.0 (4.3) 0.0
Equity in earnings of joint ventures                 (0.1) 0.6 4.2
Net income (loss) $ (35.5) $ (58.2) $ (26.9) $ (2.7) $ (4.8) $ (20.7) $ (20.7) $ (34.6) $ (123.3) $ (80.8) $ (66.2)
INCOME (LOSS) PER COMMON SHARE:                      
Basic and diluted (in dollars per share)                 $ (1.38) $ (0.91) $ (0.76)