XML 23 R6.htm IDEA: XBRL DOCUMENT v3.20.4
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income (loss) $ (123,300) $ (80,800) $ (66,200)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Lower of cost or NRV inventory adjustment 45,000 18,800 36,500
Unrealized (gains) losses on forward and derivative contracts 15,700 (11,400) (6,500)
Depreciation and amortization 83,000 83,200 90,100
Helguvik (gains) losses 0 0 (4,500)
Net loss on sale of BHH 0 4,300 0
Loss on early extinguishment of debt 1,000 0 0
Other non-cash items - net (900) (5,900) (13,200)
Change in operating assets and liabilities:      
Accounts receivable - net 19,100 12,400 (39,400)
Due from affiliates 20,800 (7,100) (12,400)
Inventories (15,500) 4,400 (62,800)
Prepaid and other current assets 600 2,700 (900)
Accounts payable, trade 20,600 (25,200) 30,500
Due to affiliates (22,400) 22,600 (10,100)
Accrued and other current liabilities (1,200) 2,700 (11,100)
Ravenswood retiree legal settlement (2,000) (2,000) (2,000)
Other - net 2,400 (1,000) 2,900
Net cash provided by (used in) operating activities 42,900 17,700 (69,100)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchase of property, plant and equipment (13,400) (59,600) (83,000)
Proceeds from sale of property, plant and equipment 1,600 0 100
Proceeds from sale of joint venture 0 20,800 0
Net cash (used in) investing activities (11,800) (38,800) (82,900)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Repayment of debt (250,000) 0 0
Proceeds from issuance of debt 243,800 0 0
Borrowings under revolving credit facilities 258,900 388,100 120,100
Repayments under revolving credit facilities (217,900) (407,300) (96,800)
Debt issuance cost (1,100) 0 0
Debt retirement costs (200) 0 0
Other short-term borrowings 0 3,400 0
Repayment on other short-term borrowings 0 (3,400) 0
Borrowing under Hawesville term loan 0 40,000 0
Repayments under Hawesville term loan (20,000) 0 0
Issuance of common stock 0 300 400
Net cash provided by financing activities 13,500 21,100 23,700
CHANGE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH 44,600 0 (128,300)
Cash, cash equivalents and restricted cash, beginning of year 39,700 39,700 168,000
Cash, cash equivalents and restricted cash, end of year 84,300 39,700 39,700
Supplemental Cash Flow Information:      
Interest 14,500 21,800 19,700
Taxes 200 500 13,100
Capital expenditures $ 900 $ 3,000 $ 8,000