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Acquisition of Jamalco (Tables) | 6 Months Ended
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Jun. 30, 2023
Business Combination and Asset Acquisition [Abstract] |
Schedule of Fair Value of Assets Acquired and Liabilities Assumed | The following table summarizes the consideration transferred and the estimated fair value of identified assets acquired, liabilities assumed and noncontrolling interest at the date of acquisition:
Preliminary purchase price allocation |  | Amount
Consideration transferred |  |
Cash paid |  | $ | 8.3 |
Total consideration transferred |  | $ | 8.3 |
Less: identifiable assets acquired and liabilities assumed |  |
Cash and cash equivalents |  | $ | 19.4 |
Restricted cash |  | 8.3 |
Inventories |  | 93.4 |
Accounts receivable - net |  | 8.0 |
Prepaid and other current assets |  | 7.7 |
Property, plant and equipment - net |  | 102.2 |
Deferred tax assets |  | 108.1 |
Other long-term assets |  | 25.5 |
Accounts payable, trade |  | (92.9) |
Accrued and other current liabilities |  | (33.9) |
Asset retirement obligations |  | (101.4) |
Total identifiable net assets acquired |  | 144.4 |
Less: noncontrolling interest |  | (32.8) |
Deferred credit - preliminary bargain purchase gain |  | (103.3) |
Fair value allocated to net assets acquired, net of bargain purchase gain |  | $ | 8.3 |
Schedule of Unaudited Pro Forma Financial Information | The following unaudited pro forma financial information reflects the results of operations of the Company for the three and six months ended June 30, 2023 and 2022, respectively, as if the acquisition of Jamalco had been completed on January 1, 2022. This unaudited pro forma financial information has been prepared for informational purposes and is not necessarily indicative of the actual consolidated results of operations had the acquisition been completed on January 1, 2022, nor is the information indicative of future results of operations of the combined companies.
|  | Three months ended June 30, |  | Six months ended June 30,
|  | 2023 |  | 2022 |  | 2023 |  | 2022
Revenue |  | $ | 595.3 |  |  | $ | 856.6 |  |  | $ | 1,177.6 |  |  | $ | 1,610.2 |
Earnings |  | $ | 6.7 |  |  | $ | 36.1 |  |  | $ | (33.0) |  |  | $ | 62.4 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479328/805-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(3) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479328/805-10-50-2 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479907/805-20-50-1 + Details
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