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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
NET SALES:        
Total net sales $ 545.2 $ 637.2 $ 1,673.1 $ 2,247.4
Cost of goods sold 556.7 680.2 1,620.6 2,181.3
Gross (loss) profit (11.5) (43.0) 52.5 66.1
Selling, general and administrative expenses 10.8 8.7 36.2 26.2
Asset impairment 0.0 0.0 0.0 159.4
Other operating expense (income) - net 1.9 (0.2) 13.7 0.2
Operating (loss) income (24.2) (51.5) 2.6 (119.7)
Interest expense (9.2) (7.9) (26.6) (20.9)
Interest income 0.4 0.1 1.1 0.2
Net (loss) gain on forward and derivative contracts (25.2) 112.6 (73.7) 287.7
Other income (expense) - net 1.3 11.6 (2.5) 16.7
(Loss) income before income taxes (56.9) 64.9 (99.1) 164.0
Income tax benefit (expense) 11.0 (20.6) 21.2 (64.6)
(Loss) income before equity in earnings of joint ventures (45.9) 44.3 (77.9) 99.4
Equity in earnings of joint ventures 0.0 0.0 0.0 0.0
Net (loss) income (45.9) 44.3 (77.9) 99.4
Net loss attributable to noncontrolling interests (3.9) 0.0 (4.8) 0.0
Net (loss) income attributable to Century stockholders (42.0) 44.3 (73.1) 99.4
Less: net income allocated to participating securities 0.0 2.7 0.0 6.0
Net (loss) income allocated to common stockholders $ (42.0) $ 41.6 $ (73.1) $ 93.4
(LOSS) INCOME ATTRIBUTABLE TO CENTURY STOCKHOLDERS PER COMMON SHARE:        
Basic (in dollars per share) $ (0.45) $ 0.46 $ (0.79) $ 1.02
Diluted (in dollars per share) $ (0.45) $ 0.43 $ (0.79) $ 0.97
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:        
Basic (in shares) 92.4 91.3 92.4 91.3
Diluted (in shares) 92.4 97.3 92.4 97.6
Related Party        
NET SALES:        
Total net sales $ 400.9 $ 404.9 $ 1,240.3 $ 1,321.5
Nonrelated Party        
NET SALES:        
Total net sales $ 144.3 $ 232.3 $ 432.8 $ 925.9