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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
NET SALES:      
Related parties $ 1,337.0 $ 1,025.5 $ 1,191.6
Other customers 875.5 579.6 645.0
Total net sales 2,212.5 1,605.1 1,836.6
Cost of goods sold 2,088.3 1,641.6 1,860.5
Gross profit (loss) 124.2 (36.5) (23.9)
Selling, general and administrative expenses 57.6 43.5 47.4
Other operating expense - net 0.6 0.5 0.8
Operating income (loss) 66.0 (80.5) (72.1)
Interest expense – Hawesville term loan (1.6) (1.9) (2.1)
Interest expense (28.8) (29.7) (23.0)
Interest income 0.8 0.8 0.8
Net gain (loss) on forward and derivative contracts (212.4) (17.3) 12.0
Loss on early extinguishment of debt (24.7) (1.2) 0.0
Other income (expense) - net 3.1 3.5 (1.1)
Income (loss) before income taxes and equity in earnings of joint ventures (197.6) (126.3) (85.5)
Income tax benefit (expense) 30.6 3.1 8.4
Income (loss) before equity in earnings of joint ventures (167.0) (123.2) (77.1)
Loss on sale of BHH 0.0 0.0 (4.3)
Equity in earnings of joint ventures (0.1) (0.1) 0.6
Net income (loss) $ (167.1) $ (123.3) $ (80.8)
INCOME (LOSS) PER COMMON SHARE:      
Basic (in dollars per share) $ (1.85) $ (1.38) $ (0.91)
Diluted (in dollars per share) $ (1.85) $ (1.38) $ (0.91)