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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
NET SALES:        
Related parties $ 483.5 $ 306.4 $ 916.6 $ 574.7
Other customers 373.1 221.6 693.6 397.3
Total net sales 856.6 528.0 1,610.2 972.0
Cost of goods sold 840.7 507.1 1,501.1 971.8
Gross profit (loss) 15.9 20.9 109.1 0.2
Selling, general and administrative expenses 5.8 8.7 17.5 24.8
Asset impairment 159.4 0.0 159.4 0.0
Other operating expense - net 0.2 0.1 0.4 0.2
Operating income (loss) (149.5) 12.1 (68.2) (24.8)
Interest expense – Hawesville term loan 0.0 (0.2) 0.0 (0.5)
Interest expense (5.7) (7.5) (13.0) (16.5)
Interest income 0.0 0.1 0.1 0.2
Net gain (loss) on forward and derivative contracts 231.8 (64.4) 175.1 (162.5)
Loss on early extinguishment of debt 0.0 (24.7) 0.0 (24.7)
Other income - net 3.1 1.2 5.1 3.1
Income (loss) before income taxes 79.7 (83.4) 99.1 (225.7)
Income tax (expense) benefit (42.3) 48.3 (44.0) 50.6
Income (loss) before equity in earnings of joint ventures 37.4 (35.1) 55.1 (175.1)
Equity in earnings of joint ventures 0.0 0.0 0.0 0.0
Net income (loss) 37.4 (35.1) 55.1 (175.1)
Less: net income allocated to participating securities 2.3 0.0 3.3 0.0
Net income (loss) allocated to common stockholders $ 35.1 $ (35.1) $ 51.8 $ (175.1)
INCOME (LOSS) PER COMMON SHARE:        
Basic (in dollars per share) $ 0.38 $ (0.39) $ 0.57 $ (1.94)
Diluted (in dollars per share) $ 0.36 $ (0.39) $ 0.54 $ (1.94)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:        
Basic (in shares) 91.2 90.1 91.2 90.1
Diluted (in shares) 97.6 90.1 97.9 90.1