XML 18 R39.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Guarantor and Non-Guarantor Financial Statements (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2014
Guarantor and Non-Guarantor Financial Statement [Abstract] |
Schedule of Condensed Financial Statements | CONDENSED CONSOLIDATING BALANCE SHEET Quarter Ended March 31, 2014
|  | Parent |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 5.0 |  |  | $ | 174.3 |  |  | $ | 6.3 |  |  | $ | — |  |  | $ | 185.6 |
Short-term investments |  | — |  |  | 104.5 |  |  | — |  |  | — |  |  | 104.5 |
Receivables: |  |  |  |  |  |  |  |  |  |
Trade, less allowance for doubtful receivables |  | — |  |  | 119.5 |  |  | 4.0 |  |  | — |  |  | 123.5 |
Intercompany receivables |  | 32.2 |  |  | 25.4 |  |  | 0.7 |  |  | (58.3 | ) |  | — |
Other |  | — |  |  | 5.9 |  |  | 5.8 |  |  | — |  |  | 11.7 |
Inventories |  | — |  |  | 198.0 |  |  | 5.8 |  |  | (0.7 | ) |  | 203.1 |
Prepaid expenses and other current assets |  | 0.1 |  |  | 48.0 |  |  | 0.5 |  |  | — |  |  | 48.6 |
Total current assets |  | 37.3 |  |  | 675.6 |  |  | 23.1 |  |  | (59.0 | ) |  | 677.0 |
Investments in and advances to subsidiaries |  | 1,466.5 |  |  | 26.9 |  |  | — |  |  | (1,493.4 | ) |  | — |
Property, plant, and equipment — net |  | — |  |  | 421.6 |  |  | 15.1 |  |  | — |  |  | 436.7 |
Long-term intercompany receivables |  | — |  |  | 1.1 |  |  | 10.6 |  |  | (11.7 | ) |  | — |
Net asset of VEBAs |  | — |  |  | 414.1 |  |  | — |  |  | — |  |  | 414.1 |
Deferred tax assets — net |  | — |  |  | 50.2 |  |  | — |  |  | 9.0 |  |  | 59.2 |
Intangible assets — net |  | — |  |  | 33.3 |  |  | — |  |  | — |  |  | 33.3 |
Goodwill |  | — |  |  | 37.2 |  |  | — |  |  | — |  |  | 37.2 |
Other assets |  | 90.1 |  |  | 18.3 |  |  | 0.1 |  |  | — |  |  | 108.5 |
Total |  | $ | 1,593.9 |  |  | $ | 1,678.3 |  |  | $ | 48.9 |  |  | $ | (1,555.1 | ) |  | $ | 1,766.0 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |  |  |  |
Accounts payable |  | $ | 0.4 |  |  | $ | 66.6 |  |  | $ | 5.3 |  |  | $ | — |  |  | $ | 72.3 |
Intercompany payable |  | 22.8 |  |  | 36.9 |  |  | 1.9 |  |  | (61.6 | ) |  | — |
Accrued salaries, wages, and related expenses |  | — |  |  | 29.9 |  |  | 3.3 |  |  | — |  |  | 33.2 |
Other accrued liabilities |  | 10.1 |  |  | 25.8 |  |  | 1.2 |  |  | — |  |  | 37.1 |
Short-term capital lease |  | — |  |  | 0.2 |  |  | — |  |  | — |  |  | 0.2 |
Total current liabilities |  | 33.3 |  |  | 159.4 |  |  | 11.7 |  |  | (61.6 | ) |  | 142.8 |
Deferred tax liability |  | — |  |  | — |  |  | 1.2 |  |  | — |  |  | 1.2 |
Long-term intercompany payable |  | 1.0 |  |  | 10.7 |  |  | — |  |  | (11.7 | ) |  | — |
Long-term liabilities |  | 86.6 |  |  | 51.3 |  |  | 11.1 |  |  | — |  |  | 149.0 |
Long-term debt |  | 390.7 |  |  | — |  |  | — |  |  | — |  |  | 390.7 |
Total liabilities |  | 511.6 |  |  | 221.4 |  |  | 24.0 |  |  | (73.3 | ) |  | 683.7 |
Total stockholders’ equity |  | 1,082.3 |  |  | 1,456.9 |  |  | 24.9 |  |  | (1,481.8 | ) |  | 1,082.3 |
Total |  | $ | 1,593.9 |  |  | $ | 1,678.3 |  |  | $ | 48.9 |  |  | $ | (1,555.1 | ) |  | $ | 1,766.0 |
CONDENSED CONSOLIDATING BALANCE SHEET December 31, 2013
|  | Parent |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 5.0 |  |  | $ | 157.7 |  |  | $ | 6.8 |  |  | $ | — |  |  | $ | 169.5 |
Short-term investments |  | — |  |  | 129.5 |  |  | — |  |  | — |  |  | 129.5 |
Receivables: |  |  |  |  |  |  |  |  |  |
Trade, less allowance for doubtful receivables |  | — |  |  | 117.7 |  |  | 2.1 |  |  | — |  |  | 119.8 |
Intercompany receivables |  | — |  |  | 0.1 |  |  | 0.2 |  |  | (0.3 | ) |  | — |
Other |  | — |  |  | 5.3 |  |  | 8.1 |  |  | — |  |  | 13.4 |
Inventories |  | — |  |  | 208.6 |  |  | 6.4 |  |  | (0.6 | ) |  | 214.4 |
Prepaid expenses and other current assets |  | 0.1 |  |  | 43.7 |  |  | 0.4 |  |  | — |  |  | 44.2 |
Total current assets |  | 5.1 |  |  | 662.6 |  |  | 24.0 |  |  | (0.9 | ) |  | 690.8 |
Investments in and advances to subsidiaries |  | 1,437.9 |  |  | 26.5 |  |  | — |  |  | (1,464.4 | ) |  | — |
Property, plant, and equipment — net |  | — |  |  | 414.0 |  |  | 15.3 |  |  | — |  |  | 429.3 |
Long-term intercompany receivables |  | 31.3 |  |  | 1.6 |  |  | 9.5 |  |  | (42.4 | ) |  | — |
Net asset of VEBAs |  | — |  |  | 406.0 |  |  | — |  |  | — |  |  | 406.0 |
Deferred tax assets — net |  | — |  |  | 60.2 |  |  | — |  |  | 8.9 |  |  | 69.1 |
Intangible assets — net |  | — |  |  | 33.7 |  |  | — |  |  | — |  |  | 33.7 |
Goodwill |  | — |  |  | 37.2 |  |  | — |  |  | — |  |  | 37.2 |
Other assets |  | 86.2 |  |  | 18.5 |  |  | 0.1 |  |  | — |  |  | 104.8 |
Total |  | $ | 1,560.5 |  |  | $ | 1,660.3 |  |  | $ | 48.9 |  |  | $ | (1,498.8 | ) |  | $ | 1,770.9 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |  |  |  |
Accounts payable |  | $ | 1.1 |  |  | $ | 56.3 |  |  | $ | 5.5 |  |  | $ | — |  |  | $ | 62.9 |
Intercompany payable |  | — |  |  | 13.9 |  |  | 0.1 |  |  | (14.0 | ) |  | — |
Accrued salaries, wages, and related expenses |  | — |  |  | 39.3 |  |  | 3.4 |  |  | — |  |  | 42.7 |
Other accrued liabilities |  | 3.5 |  |  | 39.9 |  |  | 1.4 |  |  | — |  |  | 44.8 |
Short-term capital lease |  | — |  |  | 0.2 |  |  | — |  |  | — |  |  | 0.2 |
Total current liabilities |  | 4.6 |  |  | 149.6 |  |  | 10.4 |  |  | (14.0 | ) |  | 150.6 |
Deferred tax liability |  | — |  |  | — |  |  | 1.2 |  |  | — |  |  | 1.2 |
Long-term intercompany payable |  | — |  |  | 40.7 |  |  | 1.7 |  |  | (42.4 | ) |  | — |
Long-term liabilities |  | 83.2 |  |  | 52.0 |  |  | 11.2 |  |  | — |  |  | 146.4 |
Long-term debt |  | 388.5 |  |  | — |  |  | — |  |  | — |  |  | 388.5 |
Total liabilities |  | 476.3 |  |  | 242.3 |  |  | 24.5 |  |  | (56.4 | ) |  | 686.7 |
Total stockholders’ equity |  | 1,084.2 |  |  | 1,418.0 |  |  | 24.4 |  |  | (1,442.4 | ) |  | 1,084.2 |
Total |  | $ | 1,560.5 |  |  | $ | 1,660.3 |  |  | $ | 48.9 |  |  | $ | (1,498.8 | ) |  | $ | 1,770.9 |
CONDENSED CONSOLIDATING STATEMENT OF COMPREHESIVE INCOME Quarter Ended March 31, 2014
|  | Parent |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Net sales |  | $ | — |  |  | $ | 327.1 |  |  | $ | 33.1 |  |  | $ | (25.1 | ) |  | $ | 335.1 |
Costs and expenses: |  |  |  |  |  |  |  |  |  |
Cost of products sold: |  |  |  |  |  |  |  |  |  |
Cost of products sold, excluding depreciation and amortization and other items |  | — |  |  | 278.9 |  |  | 28.4 |  |  | (24.4 | ) |  | 282.9 |
Unrealized gains on derivative instruments |  | — |  |  | (2.0 | ) |  | — |  |  | — |  |  | (2.0 | )
Depreciation and amortization |  | — |  |  | 7.1 |  |  | 0.3 |  |  | — |  |  | 7.4 |
Selling, administrative, research and development, and general: |  |  |  |  |  |  |  |  |  |
Selling, administrative, research and development, and general |  | 1.0 |  |  | 16.6 |  |  | 3.3 |  |  | (0.6 | ) |  | 20.3 |
Net periodic pension benefit income relating to VEBAs |  | — |  |  | (5.6 | ) |  | — |  |  | — |  |  | (5.6 | )
Total selling, administrative, research and development, and general |  | 1.0 |  |  | 11.0 |  |  | 3.3 |  |  | (0.6 | ) |  | 14.7 |
Total costs and expenses |  | 1.0 |  |  | 295.0 |  |  | 32.0 |  |  | (25.0 | ) |  | 303.0 |
Operating (loss) income |  | (1.0 | ) |  | 32.1 |  |  | 1.1 |  |  | (0.1 | ) |  | 32.1 |
Other (expense) income: |  |  |  |  |  |  |  |  |  |
Interest (expense) income |  | (9.3 | ) |  | 0.4 |  |  | — |  |  | 0.1 |  |  | (8.8 | )
Other income, net |  | 1.0 |  |  | 1.2 |  |  | (0.2 | ) |  | (0.1 | ) |  | 1.9 |
(Loss) income before income taxes |  | (9.3 | ) |  | 33.7 |  |  | 0.9 |  |  | (0.1 | ) |  | 25.2 |
Income tax provision |  | — |  |  | (12.6 | ) |  | (0.3 | ) |  | 3.5 |  |  | (9.4 | )
Earnings in equity of subsidiaries |  | 25.1 |  |  | 0.4 |  |  | — |  |  | (25.5 | ) |  | — |
Net income |  | $ | 15.8 |  |  | $ | 21.5 |  |  | $ | 0.6 |  |  | $ | (22.1 | ) |  | $ | 15.8 |
Comprehensive income |  | $ | 16.7 |  |  | $ | 22.2 |  |  | $ | 0.8 |  |  | $ | (23.0 | ) |  | $ | 16.7 |
CONDENSED CONSOLIDATING STATEMENT OF COMPREHESIVE INCOME Quarter Ended March 31, 2013
|  | Parent |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Net sales |  | $ | — |  |  | $ | 331.8 |  |  | $ | 30.4 |  |  | $ | (24.8 | ) |  | $ | 337.4 |
Costs and expenses: |  |  |  |  |  |  |  |  |  |
Cost of products sold: |  |  |  |  |  |  |  |  |  |
Cost of products sold, excluding depreciation and amortization and other items |  | — |  |  | 259.7 |  |  | 27.0 |  |  | (23.1 | ) |  | 263.6 |
Unrealized losses on derivative instruments |  | — |  |  | 0.7 |  |  | — |  |  | — |  |  | 0.7 |
Depreciation and amortization |  | — |  |  | 6.7 |  |  | 0.3 |  |  | — |  |  | 7.0 |
Selling, administrative, research and development, and general |  |  |  |  |  |  |  |  |  |
Selling, administrative, research and development and general |  | 0.4 |  |  | 20.4 |  |  | 2.4 |  |  | (1.5 | ) |  | 21.7 |
Net periodic pension benefit income relating to VEBAs |  | — |  |  | (5.6 | ) |  | — |  |  | — |  |  | (5.6 | )
Total selling, administrative, research and development, and general |  | 0.4 |  |  | 14.8 |  |  | 2.4 |  |  | (1.5 | ) |  | 16.1 |
Total costs and expenses |  | 0.4 |  |  | 281.9 |  |  | 29.7 |  |  | (24.6 | ) |  | 287.4 |
Operating (loss) income |  | (0.4 | ) |  | 49.9 |  |  | 0.7 |  |  | (0.2 | ) |  | 50.0 |
Other (expense) income: |  |  |  |  |  |  |  |  |  |
Interest expense |  | (9.1 | ) |  | (0.3 | ) |  | — |  |  | 0.1 |  |  | (9.3 | )
Other income, net |  | 0.4 |  |  | 0.6 |  |  | 0.1 |  |  | (0.1 | ) |  | 1.0 |
(Loss) income before income taxes |  | (9.1 | ) |  | 50.2 |  |  | 0.8 |  |  | (0.2 | ) |  | 41.7 |
Income tax (provision) benefit |  | — |  |  | (19.0 | ) |  | 7.2 |  |  | 3.6 |  |  | (8.2 | )
Earnings in equity of subsidiaries |  | 42.6 |  |  | 7.8 |  |  | — |  |  | (50.4 | ) |  | — |
Net income |  | $ | 33.5 |  |  | $ | 39.0 |  |  | $ | 8.0 |  |  | $ | (47.0 | ) |  | $ | 33.5 |
Comprehensive income |  | $ | 34.7 |  |  | $ | 39.8 |  |  | $ | 8.4 |  |  | $ | (48.2 | ) |  | $ | 34.7 |
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS Quarter Ended March 31, 2014
|  | Parent |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Cash flows from operating activities: |  |  |  |  |  |  |  |  |  |
Net cash (used in) provided by operating activities |  | $ | (11.0 | ) |  | $ | 35.8 |  |  | $ | 2.3 |  |  | $ | — |  |  | $ | 27.1 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |
Capital expenditures |  | — |  |  | (15.4 | ) |  | — |  |  | — |  |  | (15.4 | )
Proceeds from disposition of available for sale securities |  | — |  |  | 25.0 |  |  | — |  |  | — |  |  | 25.0 |
Net cash provided by investing activities |  | — |  |  | 9.6 |  |  | — |  |  | — |  |  | 9.6 |
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |
Excess tax benefit upon vesting of non-vested shares and dividend payment on unvested shares expected to vest |  | — |  |  | 0.7 |  |  | — |  |  | — |  |  | 0.7 |
Cancellation of shares to cover employees’ tax withholdings upon vesting of non-vested shares |  | (2.2 | ) |  | — |  |  | — |  |  | — |  |  | (2.2 | )
Cash dividend paid to stockholders |  | (6.4 | ) |  | — |  |  | — |  |  | — |  |  | (6.4 | )
Repurchase of common stock |  | (12.7 | ) |  | — |  |  | — |  |  | — |  |  | (12.7 | )
Intercompany loan |  | 32.3 |  |  | (29.5 | ) |  | (2.8 | ) |  | — |  |  | — |
Net cash provided by (used in) financing activities |  | 11.0 |  |  | (28.8 | ) |  | (2.8 | ) |  | — |  |  | (20.6 | )
Net increase (decrease) in cash and cash equivalents during the period |  | — |  |  | 16.6 |  |  | (0.5 | ) |  | — |  |  | 16.1 |
Cash and cash equivalents at beginning of period |  | 5.0 |  |  | 157.7 |  |  | 6.8 |  |  | — |  |  | 169.5 |
Cash and cash equivalents at end of period |  | $ | 5.0 |  |  | $ | 174.3 |  |  | $ | 6.3 |  |  | $ | — |  |  | $ | 185.6 |
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS Quarter Ended March 31, 2013
|  | Parent |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Cash flows from operating activities: |  |  |  |  |  |  |  |  |  |
Net cash (used in) provided by operating activities |  | $ | (0.5 | ) |  | $ | 5.4 |  |  | $ | 1.4 |  |  | $ | — |  |  | $ | 6.3 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |
Capital expenditures |  | — |  |  | (9.0 | ) |  | (0.3 | ) |  | — |  |  | (9.3 | )
Purchase of available for sale securities |  | — |  |  | (85.6 | ) |  | — |  |  | — |  |  | (85.6 | )
Proceeds from disposition of available for sale securities |  | — |  |  | 85.2 |  |  | — |  |  | — |  |  | 85.2 |
Net cash used in investing activities |  | — |  |  | (9.4 | ) |  | (0.3 | ) |  | — |  |  | (9.7 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |
Excess tax benefit upon vesting of non-vested shares and dividend payment on unvested shares expected to vest |  | — |  |  | 0.8 |  |  | — |  |  | — |  |  | 0.8 |
Cancellation of shares to cover employees’ tax withholdings upon vesting of non-vested shares |  | (2.2 | ) |  | — |  |  | — |  |  | — |  |  | (2.2 | )
Cash dividend paid to stockholders |  | (5.9 | ) |  | — |  |  | — |  |  | — |  |  | (5.9 | )
Repurchase of common stock |  | (14.7 | ) |  | — |  |  | — |  |  | — |  |  | (14.7 | )
Intercompany loan |  | 23.3 |  |  | (21.2 | ) |  | (2.1 | ) |  | — |  |  | — |
Net cash provided by (used in) financing activities |  | 0.5 |  |  | (20.4 | ) |  | (2.1 | ) |  | — |  |  | (22.0 | )
Net decrease in cash and cash equivalents during the period |  | — |  |  | (24.4 | ) |  | (1.0 | ) |  | — |  |  | (25.4 | )
Cash and cash equivalents at beginning of period |  | 5.0 |  |  | 266.0 |  |  | 2.4 |  |  | — |  |  | 273.4 |
Cash and cash equivalents at end of period |  | $ | 5.0 |  |  | $ | 241.6 |  |  | $ | 1.4 |  |  | $ | — |  |  | $ | 248.0 |

X
- Details
Name: | kalu_GuarantorAndNonGuarantorFinancialStatementAbstract
Namespace Prefix: | kalu_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed financial statements, including, but not limited to, the balance sheet, income statement, and statement of cash flows. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCondensedFinancialStatementsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration