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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
NET SALES:      
Total net sales $ 2,220.3 $ 2,185.4 $ 2,777.3
Costs of goods sold [1] 2,035.3 2,093.5 2,730.6
Gross profit 185.0 91.9 46.7
Selling, general and administrative expenses 56.8 44.3 37.5
Asset impairment 0.0 0.0 159.4
Other operating expense - net 6.8 15.8 0.0
Operating income (loss) 121.4 31.8 (150.2)
Interest income 2.1 2.0 0.5
Net gain (loss) on forward and derivative contracts - nonaffiliates 2.0 61.8 197.2
Bargain purchase gain 245.9 0.0 0.0
Other income (loss) - net (4.5) (3.3) 15.3
Income (loss) before income taxes 323.8 (66.8) 33.4
Income tax benefit (expense) (3.2) 14.6 (47.4)
Income (loss) before equity in earnings of joint ventures 320.6 (52.2) (14.0)
Equity in losses of joint ventures 0.1 (0.1) (0.1)
Net Income (loss) 320.7 (52.3) (14.1)
Net loss attributable to noncontrolling interests (16.1) (9.2) 0.0
Net income (loss) attributable to Century stockholders 336.8 (43.1) (14.1)
Less: net income allocated to participating securities 17.9 0.0 0.0
Net income (loss) allocated to common stockholders $ 318.9 $ (43.1) $ (14.1)
INCOME (LOSS) ATTRIBUTABLE TO CENTURY STOCKHOLDERS PER COMMON SHARE:      
Basic (in dollars per share) $ 3.44 $ (0.47) $ (0.15)
Diluted (in dollars per share) $ 3.27 $ (0.47) $ (0.15)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:      
Basic (in shares) 92.8 92.4 91.4
Diluted (in shares) 98.4 92.4 91.4
Related Party      
NET SALES:      
Total net sales $ 1,312.1 $ 1,612.1 $ 1,671.1
Costs of goods sold 277.9 181.4 284.7
Interest expense (6.7) (1.8) 0.0
Net gain (loss) on forward and derivative contracts - nonaffiliates (0.5) 0.6 (13.3)
Nonrelated Party      
NET SALES:      
Total net sales 908.2 573.3 1,106.2
Interest expense (36.4) (33.7) (29.3)
Net gain (loss) on forward and derivative contracts - nonaffiliates $ 2.5 $ (62.4) $ 210.4
[1]
(1) Including purchases from related party of $277.9 million, $181.4 million and $284.7 million for the years ended December 31, 2024, 2023 and 2022, respectively.