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Guarantor and Non-Guarantor Financial Statements (Notes) | 9 Months Ended
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Sep. 30, 2012
Guarantor and Non-Guarantor Financial Statement [Abstract] |
Guarantor and Non-Guarantor Financial Statements | Condensed Guarantor and Non-Guarantor Financial Information The Company issued $225.0 aggregate principal amount of its Senior Notes pursuant to an indenture dated May 23, 2012 (the “Indenture”), among Kaiser Aluminum Corporation (the "Parent'), the subsidiary guarantors party thereto (the “Guarantor Subsidiaries”) and Wells Fargo Bank, National Association, as trustee (the “Trustee”). The Guarantor Subsidiaries currently include Kaiser Aluminum Investments Company, Kaiser Aluminum Fabricated Products, LLC, Kaiser Aluminum Mill Products Inc., Kaiser Aluminum Washington, LLC and Kaiser Aluminum Alexco, LLC, all of which are directly or indirectly wholly owned by the Parent. The guarantees are full and unconditional and joint and several. Pursuant to the requirements of Section 210.3-10(f) of Regulation S-X, the following condensed consolidating balance sheet as of September 30, 2012 and December 31, 2011, condensed consolidating statements of income for the quarters and nine months ended September 30, 2012 and September 30, 2011 and condensed consolidating statements of cash flow for the nine months ended September 30, 2012 and September 30, 2011 present (i) the financial position, results of operation and cash flows for each of (a) the Parent, (b) the Guarantor Subsidiaries on a combined basis, (c) the Non-Guarantor Subsidiaries (as defined below) on a combined basis, (ii) the adjustments necessary to eliminate investments in subsidiaries and intercompany balances and transactions among the Parent, the Guarantor Subsidiaries and the Non-Guarantor Subsidiaries, and (iii) the resulting totals, reflecting information for the Company on a consolidated basis, as reported. In the following tables, "Non-Guarantor Subsidiaries" refers to Kaiser Aluminum Canada Limited, Trochus Insurance Company, DCO Management, LLC, Kaiser Aluminum France, S.A.S. and Kaiser Aluminum Beijing Trading Company; and "Consolidating Adjustments" represent the adjustments necessary to eliminate the investments in the Company's subsidiaries and other intercompany sales and cost of sales transactions. The condensed consolidating financial information should be read in conjunction with the consolidated financial statements herein. CONDENSED CONSOLIDATING BALANCE SHEET September 30, 2012
|  | Parent |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 5.0 |  |  | $ | 250.0 |  |  | $ | 0.6 |  |  | $ | — |  |  | $ | 255.6 |
Short-term investments |  | — |  |  | 79.9 |  |  | — |  |  | — |  |  | 79.9 |
Receivables: |  |  |  |  |  |  |  |  |  |
Trade, less allowance for doubtful receivables |  | — |  |  | 151.7 |  |  | 4.7 |  |  | — |  |  | 156.4 |
Intercompany receivables |  | — |  |  | 0.2 |  |  | 0.3 |  |  | (0.5 | ) |  | — |
Other |  | — |  |  | 1.5 |  |  | 0.2 |  |  | — |  |  | 1.7 |
Inventories |  | — |  |  | 181.9 |  |  | 7.1 |  |  | — |  |  | 189.0 |
Prepaid expenses and other current assets |  | 0.1 |  |  | 72.2 |  |  | 0.8 |  |  | — |  |  | 73.1 |
Total current assets |  | 5.1 |  |  | 737.4 |  |  | 13.7 |  |  | (0.5 | ) |  | 755.7 |
Investments in and advances to unconsolidated affiliates |  | 1,209.4 |  |  | 8.1 |  |  | — |  |  | (1,217.5 | ) |  | — |
Property, plant, and equipment — net |  | — |  |  | 362.3 |  |  | 12.4 |  |  | — |  |  | 374.7 |
Long-term intercompany receivables |  | 182.4 |  |  | 0.5 |  |  | 7.4 |  |  | (190.3 | ) |  | — |
Net asset in respect of VEBA |  | — |  |  | 266.9 |  |  | — |  |  | — |  |  | 266.9 |
Deferred tax assets — net |  | — |  |  | 131.6 |  |  | (0.6 | ) |  | 8.7 |  |  | 139.7 |
Intangible assets — net |  | — |  |  | 35.9 |  |  | — |  |  | — |  |  | 35.9 |
Goodwill |  | — |  |  | 37.2 |  |  | — |  |  | — |  |  | 37.2 |
Other assets |  | 61.3 |  |  | 19.9 |  |  | 3.2 |  |  | (0.2 | ) |  | 84.2 |
Total |  | $ | 1,458.2 |  |  | $ | 1,599.8 |  |  | $ | 36.1 |  |  | $ | (1,399.8 | ) |  | $ | 1,694.3 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |  |  |  |
Accounts payable |  | $ | 0.3 |  |  | $ | 58.5 |  |  | $ | 7.2 |  |  | $ | — |  |  | $ | 66.0 |
Intercompany payable |  | — |  |  | 0.3 |  |  | 0.2 |  |  | (0.5 | ) |  | — |
Accrued salaries, wages, and related expenses |  | — |  |  | 33.0 |  |  | 2.5 |  |  | — |  |  | 35.5 |
Other accrued liabilities |  | 10.6 |  |  | 30.9 |  |  | 0.4 |  |  | — |  |  | 41.9 |
Payable to affiliate |  | — |  |  | 14.0 |  |  | — |  |  | — |  |  | 14.0 |
Total current liabilities |  | 10.9 |  |  | 136.7 |  |  | 10.3 |  |  | (0.5 | ) |  | 157.4 |
Net liability in respect of VEBA |  | — |  |  | 19.9 |  |  | — |  |  | — |  |  | 19.9 |
Long-term intercompany payable |  | — |  |  | 189.8 |  |  | 0.5 |  |  | (190.3 | ) |  | — |
Long-term liabilities |  | 58.6 |  |  | 49.9 |  |  | 19.8 |  |  | — |  |  | 128.3 |
Long-term debt |  | 378.4 |  |  | — |  |  | — |  |  | — |  |  | 378.4 |
Total liabilities |  | 447.9 |  |  | 396.3 |  |  | 30.6 |  |  | (190.8 | ) |  | 684.0 |
Total stockholders’ equity |  | 1,010.3 |  |  | 1,203.5 |  |  | 5.5 |  |  | (1,209.0 | ) |  | 1,010.3 |
Total |  | $ | 1,458.2 |  |  | $ | 1,599.8 |  |  | $ | 36.1 |  |  | $ | (1,399.8 | ) |  | $ | 1,694.3 |
CONDENSED CONSOLIDATING BALANCE SHEETS December 31, 2011
|  | Parent |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 5.0 |  |  | $ | 43.0 |  |  | $ | 1.8 |  |  | $ | — |  |  | $ | 49.8 |
Receivables: |  |  |  |  |  |  |  |  |  |
Trade, less allowance for doubtful receivables |  | — |  |  | 96.0 |  |  | 2.9 |  |  | — |  |  | 98.9 |
Intercompany receivables |  | — |  |  | 2.3 |  |  | 0.2 |  |  | (2.5 | ) |  | — |
Other |  | — |  |  | 0.8 |  |  | 0.4 |  |  | — |  |  | 1.2 |
Inventories |  | — |  |  | 196.6 |  |  | 9.1 |  |  | — |  |  | 205.7 |
Prepaid expenses and other current assets |  | 6.9 |  |  | 71.0 |  |  | 1.0 |  |  | — |  |  | 78.9 |
Total current assets |  | 11.9 |  |  | 409.7 |  |  | 15.4 |  |  | (2.5 | ) |  | 434.5 |
Investments in and advances to unconsolidated affiliates |  | 1,036.9 |  |  | 5.8 |  |  | — |  |  | (1,042.7 | ) |  | — |
Property, plant, and equipment — net |  | — |  |  | 355.9 |  |  | 11.9 |  |  | — |  |  | 367.8 |
Long-term intercompany receivables |  | — |  |  | 22.0 |  |  | 2.5 |  |  | (24.5 | ) |  | — |
Net asset in respect of VEBA |  | — |  |  | 144.7 |  |  | — |  |  | — |  |  | 144.7 |
Deferred tax assets — net |  | — |  |  | 218.9 |  |  | (0.6 | ) |  | 8.6 |  |  | 226.9 |
Intangible assets — net |  | — |  |  | 37.2 |  |  | — |  |  | — |  |  | 37.2 |
Goodwill |  | — |  |  | 37.2 |  |  | — |  |  | — |  |  | 37.2 |
Other assets |  | 50.2 |  |  | 19.2 |  |  | 2.9 |  |  | — |  |  | 72.3 |
Total |  | $ | 1,099.0 |  |  | $ | 1,250.6 |  |  | $ | 32.1 |  |  | $ | (1,061.1 | ) |  | $ | 1,320.6 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |  |  |  |
Accounts payable |  | $ | — |  |  | $ | 57.1 |  |  | $ | 5.1 |  |  | $ | — |  |  | $ | 62.2 |
Intercompany payable |  | — |  |  | 0.2 |  |  | 2.3 |  |  | (2.5 | ) |  | — |
Accrued salaries, wages, and related expenses |  | — |  |  | 28.7 |  |  | 2.2 |  |  | — |  |  | 30.9 |
Other accrued liabilities |  | 2.2 |  |  | 38.0 |  |  | 0.8 |  |  | — |  |  | 41.0 |
Payable to affiliate |  | — |  |  | 14.4 |  |  | — |  |  | — |  |  | 14.4 |
Long-term debt-current portion |  | — |  |  | 1.3 |  |  | — |  |  | — |  |  | 1.3 |
Total current liabilities |  | 2.2 |  |  | 139.7 |  |  | 10.4 |  |  | (2.5 | ) |  | 149.8 |
Net liability in respect of VEBA |  | — |  |  | 20.6 |  |  | — |  |  | — |  |  | 20.6 |
Long-term intercompany payable |  | 22.0 |  |  | 2.5 |  |  | — |  |  | (24.5 | ) |  | — |
Long-term liabilities |  | 54.0 |  |  | 53.5 |  |  | 18.5 |  |  | — |  |  | 126.0 |
Long-term debt |  | 148.0 |  |  | 3.4 |  |  | — |  |  | — |  |  | 151.4 |
Total liabilities |  | 226.2 |  |  | 219.7 |  |  | 28.9 |  |  | (27.0 | ) |  | 447.8 |
Total stockholders’ equity |  | 872.8 |  |  | 1,030.9 |  |  | 3.2 |  |  | (1,034.1 | ) |  | 872.8 |
Total |  | $ | 1,099.0 |  |  | $ | 1,250.6 |  |  | $ | 32.1 |  |  | $ | (1,061.1 | ) |  | $ | 1,320.6 |
CONDENSED CONSOLIDATING STATEMENT OF COMPREHESIVE INCOME Quarter Ended September 30, 2012
|  | Parent |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Net sales |  | $ | — |  |  | $ | 328.6 |  |  | $ | 32.0 |  |  | $ | (25.1 | ) |  | $ | 335.5 |
Costs and expenses: |  |  |  |  |  |  |  |  |  |
Cost of products sold: |  |  |  |  |  |  |  |  |  |
Cost of products sold, excluding depreciation and amortization |  | — |  |  | 251.4 |  |  | 29.7 |  |  | (24.5 | ) |  | 256.6 |
Depreciation and amortization |  | — |  |  | 6.4 |  |  | 0.3 |  |  | — |  |  | 6.7 |
Selling, administrative, research and development, and general |  | 0.4 |  |  | 14.0 |  |  | 2.1 |  |  | (0.5 | ) |  | 16.0 |
Other operating charges (benefits), net |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total costs and expenses |  | 0.4 |  |  | 271.8 |  |  | 32.1 |  |  | (25.0 | ) |  | 279.3 |
Operating (loss) income |  | (0.4 | ) |  | 56.8 |  |  | (0.1 | ) |  | (0.1 | ) |  | 56.2 |
Other (expense) income: |  |  |  |  |  |  |  |  |  |
Interest expense |  | (9.0 | ) |  | (0.2 | ) |  | — |  |  | — |  |  | (9.2 | )
Other income (expense), net |  | — |  |  | 0.3 |  |  | 0.1 |  |  | — |  |  | 0.4 |
(Loss) income before income taxes |  | (9.4 | ) |  | 56.9 |  |  | — |  |  | (0.1 | ) |  | 47.4 |
Income tax (provision) benefit |  | — |  |  | (21.6 | ) |  | (0.6 | ) |  | 4.0 |  |  | (18.2 | )
Equity earnings (losses) of subsidiaries |  | 38.6 |  |  | (0.7 | ) |  | — |  |  | (37.9 | ) |  | — |
Net income (loss) |  | $ | 29.2 |  |  | $ | 34.6 |  |  | $ | (0.6 | ) |  | $ | (34.0 | ) |  | $ | 29.2 |
Comprehensive income (loss) |  | $ | 30.1 |  |  | $ | 36.0 |  |  | $ | (1.1 | ) |  | $ | (34.9 | ) |  | $ | 30.1 |
CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME Nine Months Ended September 30, 2012
|  | Parent |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Net sales |  | $ | — |  |  | $ | 1,019.1 |  |  | $ | 96.7 |  |  | $ | (69.7 | ) |  | $ | 1,046.1 |
Costs and expenses: |  |  |  |  |  |  |  |  |  |
Cost of products sold: |  |  |  |  |  |  |  |  |  |
Cost of products sold, excluding depreciation and amortization |  | — |  |  | 815.7 |  |  | 88.6 |  |  | (68.2 | ) |  | 836.1 |
Depreciation and amortization |  | — |  |  | 18.8 |  |  | 0.8 |  |  | — |  |  | 19.6 |
Selling, administrative, research and development, and general |  | 1.7 |  |  | 45.2 |  |  | 2.8 |  |  | (1.4 | ) |  | 48.3 |
Other operating charges, net |  | — |  |  | 0.1 |  |  | — |  |  | — |  |  | 0.1 |
Total costs and expenses |  | 1.7 |  |  | 879.8 |  |  | 92.2 |  |  | (69.6 | ) |  | 904.1 |
Operating (loss) income |  | (1.7 | ) |  | 139.3 |  |  | 4.5 |  |  | (0.1 | ) |  | 142.0 |
Other (expense) income: |  |  |  |  |  |  |  |  |  |
Interest expense |  | (19.2 | ) |  | (0.6 | ) |  | — |  |  | — |  |  | (19.8 | )
Other income (expense), net |  | 1.2 |  |  | 0.8 |  |  | 0.2 |  |  | — |  |  | 2.2 |
(Loss) income before income taxes |  | (19.7 | ) |  | 139.5 |  |  | 4.7 |  |  | (0.1 | ) |  | 124.4 |
Income tax (provision) benefit |  | — |  |  | (53.1 | ) |  | (2.0 | ) |  | 7.4 |  |  | (47.7 | )
Equity earnings of subsidiaries |  | 96.4 |  |  | 2.6 |  |  | — |  |  | (99.0 | ) |  | — |
Net income |  | $ | 76.7 |  |  | $ | 89.0 |  |  | $ | 2.7 |  |  | $ | (91.7 | ) |  | $ | 76.7 |
Comprehensive income |  | $ | 80.2 |  |  | $ | 92.9 |  |  | $ | 2.3 |  |  | $ | (95.2 | ) |  | $ | 80.2 |
CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME Quarter Ended September 30, 2011
|  | Parent |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Net sales |  | $ | — |  |  | $ | 316.2 |  |  | $ | 38.0 |  |  | $ | (31.9 | ) |  | $ | 322.3 |
Costs and expenses: |  |  |  |  |  |  |  |  |  |
Cost of products sold: |  |  |  |  |  |  |  |  |  |
Cost of products sold, excluding depreciation and amortization |  | — |  |  | 293.3 |  |  | 36.0 |  |  | (31.6 | ) |  | 297.7 |
Restructuring benefits |  | — |  |  | (0.3 | ) |  | — |  |  | — |  |  | (0.3 | )
Depreciation and amortization |  | — |  |  | 6.0 |  |  | 0.2 |  |  | — |  |  | 6.2 |
Selling, administrative, research and development, and general |  | 0.2 |  |  | 13.9 |  |  | (0.1 | ) |  | (0.3 | ) |  | 13.7 |
Other operating charges, net |  | — |  |  | — |  |  | 0.1 |  |  | — |  |  | 0.1 |
Total costs and expenses |  | 0.2 |  |  | 312.9 |  |  | 36.2 |  |  | (31.9 | ) |  | 317.4 |
Operating (loss) income |  | (0.2 | ) |  | 3.3 |  |  | 1.8 |  |  | — |  |  | 4.9 |
Other (expense) income: |  |  |  |  |  |  |  |  |  |
Interest expense |  | (4.0 | ) |  | (0.3 | ) |  | — |  |  | — |  |  | (4.3 | )
Other income (expense), net |  | 4.1 |  |  | 0.1 |  |  | (0.3 | ) |  | — |  |  | 3.9 |
(Loss) income before income taxes |  | (0.1 | ) |  | 3.1 |  |  | 1.5 |  |  | — |  |  | 4.5 |
Income tax (provision) benefits |  | — |  |  | (1.2 | ) |  | 1.2 |  |  | (0.4 | ) |  | (0.4 | )
Equity earnings of subsidiaries |  | 4.2 |  |  | 2.6 |  |  | — |  |  | (6.8 | ) |  | — |
Net income |  | $ | 4.1 |  |  | $ | 4.5 |  |  | $ | 2.7 |  |  | $ | (7.2 | ) |  | $ | 4.1 |
Comprehensive income |  | $ | 5.2 |  |  | $ | 4.8 |  |  | $ | 3.5 |  |  | $ | (8.3 | ) |  | $ | 5.2 |
CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME Nine Months Ended September 30, 2011
|  | Parent |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Net sales |  | $ | — |  |  | $ | 957.8 |  |  | $ | 108.6 |  |  | $ | (82.7 | ) |  | $ | 983.7 |
Costs and expenses: |  |  |  |  |  |  |  |  |  |
Cost of products sold: |  |  |  |  |  |  |  |  |  |
Cost of products sold, excluding depreciation and amortization |  | — |  |  | 858.1 |  |  | 102.0 |  |  | (81.5 | ) |  | 878.6 |
Restructuring benefits |  | — |  |  | (0.3 | ) |  | — |  |  | — |  |  | (0.3 | )
Depreciation and amortization |  | — |  |  | 18.2 |  |  | 0.7 |  |  | — |  |  | 18.9 |
Selling, administrative, research and development, and general |  | 1.5 |  |  | 41.6 |  |  | 5.4 |  |  | (1.2 | ) |  | 47.3 |
Other operating charges (benefits), net |  | — |  |  | 0.1 |  |  | (0.3 | ) |  | — |  |  | (0.2 | )
Total costs and expenses |  | 1.5 |  |  | 917.7 |  |  | 107.8 |  |  | (82.7 | ) |  | 944.3 |
Operating (loss) income |  | (1.5 | ) |  | 40.1 |  |  | 0.8 |  |  | — |  |  | 39.4 |
Other (expense) income: |  |  |  |  |  |  |  |  |  |
Interest expense |  | (11.7 | ) |  | (1.5 | ) |  | — |  |  | — |  |  | (13.2 | )
Other income (expense), net |  | 2.2 |  |  | 0.3 |  |  | (0.3 | ) |  | — |  |  | 2.2 |
(Loss) income before income taxes |  | (11.0 | ) |  | 38.9 |  |  | 0.5 |  |  | — |  |  | 28.4 |
Income tax (provision) benefits |  | — |  |  | (14.2 | ) |  | 0.1 |  |  | 4.7 |  |  | (9.4 | )
Equity earnings of subsidiaries |  | 30.0 |  |  | 0.5 |  |  | — |  |  | (30.5 | ) |  | — |
Net income |  | $ | 19.0 |  |  | $ | 25.2 |  |  | $ | 0.6 |  |  | $ | (25.8 | ) |  | $ | 19.0 |
Comprehensive income |  | $ | 21.3 |  |  | $ | 27.0 |  |  | $ | 1.1 |  |  | $ | (28.1 | ) |  | $ | 21.3 |
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS Nine Months Ended September 30, 2012
|  | Parent |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Cash flows from operating activities: |  |  |  |  |  |  |  |  |  |
Net cash (used in) provided by operating activities |  | $ | (208.4 | ) |  | $ | 314.8 |  |  | $ | 0.3 |  |  | $ | — |  |  | $ | 106.7 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |
Capital expenditures |  | — |  |  | (24.6 | ) |  | (1.1 | ) |  | — |  |  | (25.7 | )
Purchase of available for sale securities |  | — |  |  | (80.0 | ) |  | — |  |  | — |  |  | (80.0 | )
Change in restricted cash |  | 6.9 |  |  | 0.3 |  |  | (0.4 | ) |  | — |  |  | 6.8 |
Net cash provided by (used in) investing activities |  | 6.9 |  |  | (104.3 | ) |  | (1.5 | ) |  | — |  |  | (98.9 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |
Repayment of capital lease |  | — |  |  | (0.1 | ) |  | — |  |  | — |  |  | (0.1 | )
Proceeds from issuance of senior notes |  | 225.0 |  |  | — |  |  | — |  |  | — |  |  | 225.0 |
Cash paid for financing costs |  | (6.6 | ) |  | — |  |  | — |  |  | — |  |  | (6.6 | )
Repayment of promissory notes |  | — |  |  | (4.7 | ) |  | — |  |  | — |  |  | (4.7 | )
Excess tax benefit upon vesting of non-vested shares and dividend payment on unvested shares expected to vest |  | — |  |  | 1.3 |  |  | — |  |  | — |  |  | 1.3 |
Repurchase of common stock to cover employees' tax withholdings upon vesting of non-vested shares |  | (2.2 | ) |  | — |  |  | — |  |  | — |  |  | (2.2 | )
Cash dividend paid to stockholders |  | (14.7 | ) |  | — |  |  | — |  |  | — |  |  | (14.7 | )
Net cash provided by (used in) financing activities |  | 201.5 |  |  | (3.5 | ) |  | — |  |  | — |  |  | 198.0 |
Net increase (decrease) in cash and cash equivalents during the period |  | — |  |  | 207.0 |  |  | (1.2 | ) |  | — |  |  | 205.8 |
Cash and cash equivalents at beginning of period |  | 5.0 |  |  | 43.0 |  |  | 1.8 |  |  | — |  |  | 49.8 |
Cash and cash equivalents at end of period |  | $ | 5.0 |  |  | $ | 250.0 |  |  | $ | 0.6 |  |  | $ | — |  |  | $ | 255.6 |
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS Nine Months Ended September 30, 2011
|  | Parent |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Cash flows from operating activities: |  |  |  |  |  |  |  |  |  |
Net cash provided by operating activities |  | $ | 15.3 |  |  | $ | 5.0 |  |  | $ | 0.5 |  |  | $ | — |  |  | $ | 20.8 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |
Capital expenditures |  | — |  |  | (22.1 | ) |  | (0.8 | ) |  | — |  |  | (22.9 | )
Purchase of available for sale securities |  | — |  |  | (0.2 | ) |  | — |  |  | — |  |  | (0.2 | )
Cash payment for acquisition of manufacturing facility and related assets (net of $4.9 of cash received in connection with the acquisition in 2011) |  | — |  |  | (83.2 | ) |  | — |  |  | — |  |  | (83.2 | )
Change in restricted cash |  | — |  |  | (1.1 | ) |  | — |  |  | — |  |  | (1.1 | )
Net cash used in investing activities |  | — |  |  | (106.6 | ) |  | (0.8 | ) |  | — |  |  | (107.4 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |
Repayment of capital lease |  | — |  |  | (0.1 | ) |  | — |  |  | — |  |  | (0.1 | )
Cash paid for financing costs |  | — |  |  | (2.1 | ) |  | — |  |  | — |  |  | (2.1 | )
Repayment of promissory notes |  | — |  |  | (8.0 | ) |  | — |  |  | — |  |  | (8.0 | )
Repurchase of common stock to cover employees' tax withholdings upon vesting of non-vested shares |  | (1.1 | ) |  | — |  |  | — |  |  | — |  |  | (1.1 | )
Cash dividend paid to stockholders |  | (14.1 | ) |  | — |  |  | — |  |  | — |  |  | (14.1 | )
Net cash used in financing activities |  | (15.2 | ) |  | (10.2 | ) |  | — |  |  | — |  |  | (25.4 | )
Net increase (decrease) in cash and cash equivalents during the period |  | 0.1 |  |  | (111.8 | ) |  | (0.3 | ) |  | — |  |  | (112.0 | )
Cash and cash equivalents at beginning of period |  | 5.0 |  |  | 129.6 |  |  | 1.0 |  |  | — |  |  | 135.6 |
Cash and cash equivalents at end of period |  | $ | 5.1 |  |  | $ | 17.8 |  |  | $ | 0.7 |  |  | $ | — |  |  | $ | 23.6 |

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph c -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 12 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 06 -Article 9 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 05 -Paragraph c -Article 7 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=7656940&loc=d3e5283-111683 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e24072-122690 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph 24 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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