Century aluminum company (CENX)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income (Loss) Attributable to Parent

-2,700

-4,800

-20,700

-20,700

-34,600

-65,000

-20,300

19,400

-300

35,800

20,800

7,100

-15,100

-168,449

-58,273

-9,515

-16,163

-43,080

-56,112

-33,897

73,779

75,829

50,405

20,344

-20,104

-9,675

-9,507

-29,384

8,253

-6,909

-12,023

-12,277

-4,401

-31,107

-6,600

23,986

25,046

65,280

-16,787

5,146

6,332

Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Unrealized (gain) loss on derivative instruments

3,700

500

10,100

6,400

-5,600

4,600

700

800

400

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized gain on fair value of contingent consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1,523

10,287

6,527

7,943

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized (gain) loss on forward and derivative contracts

-

-

-

-

-

-

-

-

-

-

1,000

6,100

-14,000

-

330

0

0

-

-

-

-

-

-

-

-

-

-

-

-

209

-19

1,778

-4,955

2,393

4,527

-1,455

-4,715

-14,486

12,024

-9,421

1,853

Unrealized gain on contingent obligation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

353

353

353

352

353

353

353

353

353

353

353

353

353

353

15,722

0

0

0

0

-

-

-

-

-

-

-

-

Unrealized net gain on contractual receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-88

Realized benefit of contractual receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15,130

16,825

15,368

Accrued and other plant curtailment costs  net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,086

1,089

1,092

-

-1,112

-1,114

-1,154

9,276

-1,244

-1,407

-1,374

-1,095

-1,569

6,968

9,624

59,315

-729

-304

-2,272

Lower of cost or NRV inventory adjustment

13,400

3,000

2,400

13,400

0

30,600

9,100

0

-3,200

3,000

0

-200

-3,900

-2,199

2,370

4,913

-5,784

-23,474

5,324

25,689

0

0

0

-140

-1,107

-9,039

-5,763

10,211

5,838

0

-8,201

5,434

-17,051

6,303

13,479

123

-139

-125

-7,300

7,056

-57

Depreciation and amortization

20,200

20,200

19,900

18,800

24,300

22,600

23,900

22,100

21,500

21,100

20,900

21,300

20,900

21,494

20,802

21,244

21,260

24,302

19,406

18,278

18,131

18,043

17,641

17,375

17,768

17,488

17,184

16,210

15,688

15,645

15,637

15,636

15,652

15,615

15,515

15,134

15,930

16,237

15,808

15,727

15,778

Sebree power contract amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

5,534

45,492

-11,720

-2,741

0

-

-

-

-

-

-

-

-

-

-

-

-

Debt discount amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

91

89

88

-

84

223

279

278

268

267

256

256

246

534

821

811

791

782

766

Pension and other postretirement benefits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

337

713

632

-4,693

-36

722

-984

5,507

-936

-245

2,613

4,414

942

-5,059

1,443

2,456

933

878

-1,138

2,011

-2,160

-17,544

-11,064

2,660

3,700

4,552

3,666

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,007

2,926

3,587

1,393

3,769

3,867

-8,851

3,869

-3,771

-2,219

-512

-

-

-

-

-

-

-

-

-

-

-

-

-25,501

732

4,898

4,319

Stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

321

463

487

489

405

377

424

335

198

117

462

282

217

201

200

67

145

186

169

2,013

488

-

929

879

1,284

Other non-cash items - net

-700

0

-800

-600

-4,500

-9,200

4,200

-3,600

-4,600

-9,700

3,100

-1,300

1,200

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity in earnings of joint ventures, net of dividends

-

-

-

-

-

-

-

-

-

-

-

-

-

-

155

379

357

-

704

855

510

-1,086

285

871

-495

-2,989

731

436

951

507

1,126

349

641

859

907

460

1,219

6,323

-1,183

-477

-1,105

Change in operating assets and liabilities:
Increase (Decrease) in Accounts Receivable

-17,200

-1,700

-10,000

-9,100

8,400

-8,900

-5,200

13,200

40,300

2,700

-2,100

6,200

23,800

1,288

-3,117

1,636

3,193

863

-2,696

6,343

-72,702

14,320

-1,677

6,635

-10,566

4,938

-32,820

31,885

1,998

5,857

-27,609

21,405

2,884

-4,420

-2,771

18,455

-7,520

7,470

-2,286

-1,301

2,314

Due from affiliates

-20,200

6,900

1,800

-2,700

1,100

2,300

13,900

-2,100

-1,700

-1,500

1,400

-1,300

-4,900

2,346

-240

-967

-1,939

-11,680

-23,213

-32,752

53,559

-20,950

-1,642

-2,037

12,545

18,632

-9

-18,597

5,691

-1,885

5,084

-5,650

249

-4,092

4,663

-2,499

-8,766

58,525

-3,663

4,089

-20,760

Inventories

10,400

1,300

-14,600

25,300

-16,400

-16,000

36,500

32,300

10,000

43,400

7,200

12,200

4,700

-2,165

3,736

15,177

-17,648

-91,288

-14,239

46,296

14,335

15,624

-1,897

-8,591

11,377

-1,108

514

19,606

2,728

-44

-6,770

-6,330

-18,710

12,550

-8,195

23,540

7,924

31,757

3,414

-2,022

-9,140

Prepaid and other current assets

-100

1,100

-1,700

500

-2,600

2,700

-2,700

1,700

-800

-6,700

2,700

900

-4,700

-9,284

3,500

1,774

-14,290

3,579

384

2,141

-5,960

-357

3,781

-9,774

2,958

-10,210

1,611

-2,791

6,072

-13,200

4,377

-1,489

5,366

-4,614

-3,586

-910

29,901

-29,968

-3,867

16,731

3,692

Accounts payable, trade

-11,300

-13,900

11,800

-12,900

-10,200

7,100

-4,600

22,600

5,400

100

5,500

3,500

-4,400

7,328

-4,009

4,964

-5,983

-17,098

-9,398

-15,579

-18,508

20,682

-472

-4,588

-3,825

-1,323

-4,149

28,432

2,264

-3,291

7,108

-4,489

-11,442

1,879

-1,581

3,528

-4,730

12,980

5,419

-4,502

-2,223

Due to affiliates

-3,200

32,900

-13,200

10,100

-7,200

-6,300

14,300

-12,100

-6,000

3,300

-2,100

300

3,300

2,572

3,068

6,932

-5,372

-23,611

-30,011

13,633

27,773

-8,278

12,562

-22,024

20,798

-18,157

4,395

17,135

10,472

-2,928

-390

1,511

-360

-3,001

5,358

-3,112

-2,722

7,805

4,259

-5,980

6,601

Accrued and other current liabilities

-5,600

-5,700

10,000

2,200

-3,800

-12,800

-500

-4,000

6,200

5,200

13,700

500

-4,900

-8,669

5,254

-1,738

1,253

-23,122

5,174

-16,466

2,874

25,637

4,634

-5,580

-6,620

3,625

6,036

-11,365

7,538

-14,489

6,993

-5,253

7,003

-16,646

9,496

4,170

3,405

-4,576

5,007

-3,612

1,423

Other - net

-1,100

1,500

600

-1,700

600

-7,600

5,000

-4,100

3,800

5,600

-6,100

-7,300

3,500

-1,027

-935

-2,786

1,648

-42

-3,419

7,160

-568

-11,375

917

2,048

448

-19,161

9,355

-10,825

-2,417

-13,780

12,880

-369

-335

-12,055

12,717

-2,459

2,998

21,110

-2,695

1,320

-6,093

Net Cash Provided by (Used in) Operating Activities

34,600

22,100

21,200

-4,100

-21,500

-10,100

-28,600

2,600

-33,000

1,100

47,300

14,400

-11,300

22,873

-8,276

8,700

14,903

-643

-28,332

-55,426

116,267

109,966

89,086

19,369

-10,741

-22,740

19,482

575

22,401

16,054

22,700

-6,513

4,898

-14,030

27,229

-12,505

-3,630

31,178

28,200

50,474

21,658

Net Cash Provided by (Used in) Investing Activities [Abstract]
Payments to Acquire Property, Plant, and Equipment

6,000

19,700

16,600

12,700

10,600

33,700

36,300

9,500

3,500

8,200

4,700

9,900

9,000

8,773

5,393

3,899

3,835

7,105

16,227

18,741

12,627

28,261

10,107

7,058

9,700

36,083

15,429

7,201

9,364

7,278

4,234

3,266

2,899

9,232

3,515

4,225

3,128

6,863

2,366

2,040

972

Proceeds from sale of Ravenswood

-

-

-

-

-

-

-

-

-

-

-

100

13,500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Nordural expansion  Helguvik

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

91

93

93

-

296

814

1,745

1,843

1,888

1,640

1,946

2,547

2,367

3,917

4,051

4,128

4,986

5,435

4,678

Purchase of carbon anode assets and improvements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,054

1,502

5,724

-

4,849

3,520

150

-371

-339

14,524

0

-

-

-

-

-

-

-

-

Investments in and advances to joint ventures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

75

100

100

100

13

0

0

0

15

7

10

Payments received from joint ventures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,456

0

0

3,166

0

0

3,056

0

-

-

-

-

Proceeds from sales of property, plant & equipment

100

-

-

-

0

-

-

-

-

-

-

-

-

1,000

0

0

0

-

-

-

-

-

-

-

-

10

0

162

353

99

21

10

58

0

1,415

56

0

-

-

-

-

Restricted and other cash deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,878

0

-151

-141

-20,730

21,012

-416

-1,814

1,999

-665

-1,576

2,295

720

0

-

-

-

-

-

-

-

-

-18,851

12,662

490

493

Net cash provided by (used in) investing activities

-5,900

-9,400

-16,600

-2,200

-10,600

-33,600

-36,300

-9,500

-3,500

-8,300

-3,800

-9,800

4,500

-7,773

-3,515

-5,777

-3,835

-6,940

-16,100

13,316

-33,639

-80,388

-14,480

-10,606

-14,852

-23,248

-22,869

-60,151

-10,906

-5,453

-5,837

-19,520

-1,721

-11,879

-4,480

-1,357

-7,179

7,875

-19,221

-7,972

-6,153

Net Cash Provided by (Used in) Financing Activities [Abstract]
Repayments on term loan

5,000

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Borrowings under revolving credit facilities

121,800

73,500

26,400

118,600

169,600

105,800

14,300

-300

300

300

300

500

200

300

305

224

371

323

404

555

455

692

5,085

67,776

18,870

6,000

16,725

0

0

0

0

0

18,076

0

15,900

0

0

-

-

-

-

Repayments of Lines of Credit

35,800

69,800

34,200

145,700

157,600

96,800

0

-300

300

300

300

500

200

300

305

224

371

323

404

555

455

692

5,085

67,776

24,870

16,725

0

0

0

0

0

0

18,076

0

15,900

0

0

-

-

-

-

Other short-term borrowings

0

0

0

0

3,400

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of common stock

-

-

-

-

-

200

0

100

100

100

100

200

0

0

0

0

0

-

-

-

-

254

23

123

3

0

0

44

0

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

16,913

19,439

0

0

0

0

-

-

-

-

0

0

0

4,033

7,085

38,806

0

0

-

-

-

-

Net cash provided by (used in) financing activities

81,000

3,700

-7,800

9,800

15,400

9,200

14,300

100

100

100

100

200

0

0

0

0

0

0

0

-16,913

-19,439

254

-2,580

123

-5,997

-10,725

16,657

-8,364

0

0

0

0

-4,033

-7,085

-38,755

-47,224

0

-

-

-

-

CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH

109,700

16,400

-3,200

3,500

-16,700

-34,500

-50,600

-6,800

-36,400

-7,100

43,600

4,800

-6,800

15,100

-11,791

2,923

11,068

-7,583

-44,432

-59,023

63,189

29,832

72,026

8,886

-31,590

-56,713

13,270

-67,940

11,495

10,601

16,863

-26,033

-856

-32,994

-16,006

-61,086

-10,809

39,053

8,979

42,525

15,505

Supplemental Cash Flow Information:
Cash paid for:
Interest

800

10,200

1,000

10,200

400

9,800

0

9,700

200

9,500

100

9,700

200

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Taxes

0

200

0

200

100

8,500

1,000

3,100

500

2,100

1,700

-1,200

3,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash investing activities:
Capital expenditures

1,200

-900

1,800

-1,900

4,000

1,500

-100

6,600

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-