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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
NET SALES:    
Related parties $ 412.2 $ 433.1
Other customers 140.2 320.5
Total net sales 552.4 753.6
Cost of goods sold 504.3 660.4
Gross profit 48.1 93.2
Selling, general and administrative expenses 13.4 11.7
Other operating expense - net 7.2 0.2
Operating income 27.5 81.3
Interest expense (8.7) (7.3)
Interest income 0.3 0.1
Net loss on forward and derivative contracts (57.6) (56.7)
Other (expense) income - net (0.3) 2.0
(Loss) income before income taxes (38.8) 19.4
Income tax benefit (expense) 0.2 (1.7)
Net (loss) income (38.6) 17.7
Less: net income allocated to participating securities 0.0 1.1
Net (loss) income allocated to common stockholders $ (38.6) $ 16.6
(LOSS) INCOME PER COMMON SHARE:    
Basic (in dollars per share) $ (0.42) $ 0.18
Diluted (in dollars per share) $ (0.42) $ 0.18
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:    
Basic (in shares) 92.3 91.2
Diluted (in shares) 92.3 97.1