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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
NET SALES:        
Total net sales $ 575.5 $ 856.6 $ 1,127.9 $ 1,610.2
Cost of goods sold 559.6 840.7 1,063.9 1,501.1
Gross profit 15.9 15.9 64.0 109.1
Selling, general and administrative expenses 12.0 5.8 25.4 17.5
Asset impairment 0.0 159.4 0.0 159.4
Other operating expense - net 4.6 0.2 11.8 0.4
Operating (loss) income (0.7) (149.5) 26.8 (68.2)
Interest expense (8.7) (5.7) (17.4) (13.0)
Interest income 0.4 0.0 0.7 0.1
Net gain (loss) on forward and derivative contracts 9.1 231.8 (48.5) 175.1
Other (expense) income - net (3.5) 3.1 (3.8) 5.1
(Loss) income before income taxes (3.4) 79.7 (42.2) 99.1
Income tax benefit (expense) 10.0 (42.3) 10.2 (44.0)
Income (loss) before equity in earnings of joint ventures 6.6 37.4 (32.0) 55.1
Equity in (losses) earnings of joint ventures 0.0 0.0 0.0 0.0
Net income (loss) 6.6 37.4 (32.0) 55.1
Net loss attributable to noncontrolling interests (0.9) 0.0 (0.9) 0.0
Net income (loss) attributable to Century stockholders 7.5 37.4 (31.1) 55.1
Less: net income allocated to participating securities 0.4 2.3 0.0 3.3
Net income (loss) allocated to common stockholders $ 7.1 $ 35.1 $ (31.1) $ 51.8
INCOME (LOSS) ATTRIBUTABLE TO CENTURY STOCKHOLDERS PER COMMON SHARE:        
Basic (in dollars per share) $ 0.08 $ 0.38 $ (0.34) $ 0.57
Diluted (in dollars per share) $ 0.07 $ 0.36 $ (0.34) $ 0.54
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:        
Basic (in shares) 92.3 91.2 92.3 91.2
Diluted (in shares) 93.2 97.6 92.3 97.9
Related Party        
NET SALES:        
Total net sales $ 427.2 $ 483.5 $ 839.4 $ 916.6
Nonrelated Party        
NET SALES:        
Total net sales $ 148.3 $ 373.1 $ 288.5 $ 693.6