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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2021
Dec. 31, 2020
ASSETS    
Cash and cash equivalents $ 9.0 $ 81.6
Restricted cash 1.2 2.7
Accounts receivable - net 67.0 51.0
Due from affiliates 25.7 10.3
Inventories 331.5 291.1
Derivative assets 25.6 6.4
Prepaid and other current assets 18.0 12.9
Total current assets 478.0 456.0
Property, plant and equipment - net 868.8 880.4
Due from affiliates - less current portion 0.0 1.7
Other assets 58.6 61.5
TOTAL 1,405.4 1,399.6
LIABILITIES:    
Accounts payable, trade 133.6 106.1
Interest payable 0.0 15.0
Due to affiliates 50.7 21.7
Accrued and other current liabilities 54.8 54.5
Derivative liabilities 88.0 4.9
Accrued employee benefits costs 9.9 10.3
Hawesville term loan 10.0 20.0
U.S. revolving credit facility 39.6 0.0
Industrial revenue bonds 7.8 7.8
Total current liabilities 394.4 240.3
Senior notes payable 245.4 243.1
Convertible senior notes payable 83.8 0.0
Iceland revolving credit facility 0.0 45.0
Accrued pension benefits costs - less current portion 60.2 65.2
Accrued postretirement benefits costs - less current portion 100.7 101.5
Other liabilities 47.5 44.5
Derivative liabilities - less current portion 22.8 0.3
Leases - right of use liabilities 23.1 24.3
Due to affiliates - less current portion 14.3 0.1
Deferred taxes 42.8 89.2
Total noncurrent liabilities 640.6 613.2
COMMITMENTS AND CONTINGENCIES (NOTE 10) 0.0 0.0
SHAREHOLDERS’ EQUITY:    
Preferred stock (Note 6) 0.0 0.0
Common stock (Note 6) 1.0 1.0
Additional paid-in capital 2,527.0 2,530.0
Treasury stock, at cost (86.3) (86.3)
Accumulated other comprehensive loss (116.4) (118.8)
Accumulated deficit (1,954.9) (1,779.8)
Total shareholders’ equity 370.4 546.1
TOTAL $ 1,405.4 $ 1,399.6