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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
ASSETS    
Cash and cash equivalents $ 29.0 $ 81.6
Restricted cash 11.7 2.7
Accounts receivable - net 80.6 51.0
Due from affiliates 8.3 10.3
Inventories 425.6 291.1
Derivative assets 34.8 6.4
Prepaid and other current assets 28.2 12.9
Total current assets 618.2 456.0
Property, plant and equipment - net 892.5 880.4
Other assets 59.2 61.5
Due from affiliates - less current portion 0.0 1.7
TOTAL 1,569.9 1,399.6
LIABILITIES:    
Accounts payable, trade 186.5 106.1
Interest payable 0.0 15.0
Due to affiliates 65.8 21.7
Accrued and other current liabilities 62.7 54.5
Derivative liabilities 102.1 4.9
Accrued employee benefits costs 8.9 10.3
Hawesville term loan 0.0 20.0
U.S. revolving credit facility 63.6 0.0
Iceland revolving credit facility 50.0 0.0
Industrial revenue bonds 7.8 7.8
Total current liabilities 547.4 240.3
Senior notes payable 245.8 243.1
Convertible senior notes payable 84.0 0.0
Iceland revolving credit facility - less current portion 0.0 45.0
Accrued pension benefits costs - less current portion 28.6 65.2
Accrued postretirement benefits costs - less current portion 93.3 101.5
Other liabilities 46.3 44.8
Leases - right of use liabilities 22.9 24.3
Due to affiliates - less current portion 21.9 0.1
Deferred taxes 58.7 89.2
Total noncurrent liabilities 601.5 613.2
COMMITMENTS AND CONTINGENCIES (NOTE 15) 0.0 0.0
SHAREHOLDERS’ EQUITY:    
Preferred stock (Note 7) 0.0 0.0
Common stock (Note 7) 1.0 1.0
Additional paid-in capital 2,535.5 2,530.0
Treasury stock, at cost (86.3) (86.3)
Accumulated other comprehensive loss (82.3) (118.8)
Accumulated deficit (1,946.9) (1,779.8)
Total shareholders’ equity 421.0 546.1
TOTAL $ 1,569.9 $ 1,399.6