Century Aluminum Company CENX Income Statement

Century aluminum company (CENX)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
NET SALES:
Related parties
271,000	293,000	282,300	305,000	311,300	320,300	305,300	282,700	296,200	322,000	299,200	296,300	280,600	306,829	301,111	290,283	280,377	350,283	428,018	513,681	575,729	363,170	324,775	288,573	285,583	138,392	128,912	110,987	132,760	140,739	134,612	139,597	137,351	124,172	143,048	159,186	138,025	111,304	104,839	104,808	92,457
Other customers
150,200	142,500	155,700	168,100	178,700	166,600	176,500	187,300	158,300	111,900	101,400	92,500	85,200	33,013	32,539	36,471	38,477	33,632	26,522	9,810	12,182	188,069	175,857	169,751	135,264	262,782	271,016	220,950	188,514	176,928	170,023	184,022	188,839	193,992	202,598	207,091	188,312	205,547	174,339	183,045	192,932
Total net sales
421,200	435,500	438,000	473,100	490,000	486,900	481,800	470,000	454,500	433,900	400,600	388,800	365,800	339,842	333,650	326,754	318,854	383,915	454,540	523,491	587,911	551,239	500,632	458,324	420,847	401,174	399,928	331,937	321,274	317,667	304,635	323,619	326,190	318,164	345,646	366,277	326,337	316,851	279,178	287,853	285,389
Cost of goods sold
416,400	428,800	451,700	477,200	502,800	546,200	493,600	436,300	440,000	383,400	359,200	366,300	348,900	330,860	351,262	321,172	321,906	402,616	496,963	515,149	493,816	461,900	424,918	419,820	422,605	385,889	387,574	337,635	303,692	301,124	301,385	317,662	305,598	331,796	334,322	316,763	284,021	275,716	263,409	266,337	251,413
Gross profit (loss)
4,800	6,700	-13,700	-4,100	-12,800	-59,300	-11,800	33,700	14,500	50,500	41,400	22,500	16,900	8,982	-17,612	5,582	-3,052	-18,701	-42,423	8,342	94,095	89,339	75,714	38,504	-1,758	15,285	12,354	-5,698	17,582	16,543	3,250	5,957	20,592	-13,632	11,324	49,514	42,316	41,135	15,769	21,516	33,976
Other operating expense (income) net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-5,205	-5,884	-	3,096	4,644	4,465
Selling, general and administrative expenses
8,900	9,200	11,600	11,900	14,700	8,700	8,800	12,000	10,700	10,700	14,000	9,400	10,700	9,597	9,733	9,945	9,625	8,566	11,566	10,012	11,971	16,369	12,146	10,618	10,062	21,602	14,422	15,154	16,299	10,571	9,182	7,151	8,459	8,916	7,950	18,557	10,609	11,101	12,486	10,964	12,251
Helguvik (gains) losses
-	-	0	-	-	-	4,500	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Ravenswood (gains) losses
-	-	-	-	-	-	-	-	-	-	5,500	-	-	-	-26,830	-	-	-	0	30,850	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other operating expense, net
-300	-300	100	-300	-300	-400	500	-200	-300	-500	-400	-200	-1,000	-1,563	-878	-578	-881	-1,219	-1,537	-2,601	-2,079	-6,776	-1,417	-1,874	-2,414	-2,314	-2,174	-3,018	-1,096	-3,327	-7,388	-3,817	-3,721	-	-2,659	-	-	-	-	-	-
Operating income (loss)
-4,400	-2,800	-25,200	-16,300	-27,800	-68,400	-15,600	21,500	3,500	46,600	32,500	12,900	5,200	-154,348	-55,053	-4,941	-13,558	-28,486	-55,526	-35,121	80,045	66,194	62,151	26,012	-14,234	-8,631	-4,242	-23,870	187	2,645	-13,320	-5,011	8,412	-27,172	715	36,162	37,591	79,625	187	5,908	17,260
Interest expense - term loan
700	700	800	600	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense
6,000	5,800	5,600	5,800	5,800	5,700	5,600	5,600	5,500	5,600	5,500	5,500	5,600	5,679	5,531	5,497	5,493	5,412	5,418	5,573	5,551	5,474	5,493	5,571	5,477	5,385	5,406	6,224	6,076	6,064	6,041	5,946	5,978	6,015	5,951	6,386	6,777	6,393	6,477	6,357	6,398
Interest income
100	200	200	200	200	100	400	500	500	500	400	300	200	325	190	171	114	91	45	61	142	104	23	34	140	270	141	186	131	-	72	-	-	-	-	-	-	-	-	-	-
Interest income related parties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	2	60	61	59	70	113	115	113	111	109
Interest income third party
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	113	138	-	37	65	155	222	190	102	101
Net gain (loss) on forward and derivative contracts
3,800	1,300	10,300	6,100	-5,700	3,600	800	1,200	700	500	-3,900	3,000	-16,100	1,519	1,275	353	353	396	285	566	353	353	353	352	-879	447	440	204	15,507	-101	-340	1,450	-5,159	3,067	4,163	-1,617	-4,809	-5,681	-12,136	9,294	-1,972
Gain on bargain purchase
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	5,253	-	-	0	0	-	-	-	-	-	-	-	-	-
Unrealized gain on fair value of contingent consideration
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1,523	10,287	6,527	7,943	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on early extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-3,272	-	-	0	0	-	-	-	-	-	-	-	-	-
Other income (expense) - net
1,700	400	-900	-1,700	1,100	1,300	700	2,100	-1,100	-3,400	400	-1,900	400	-4,638	-157	-299	-6	-1,617	114	93	1,054	1,414	-470	300	-253	1,497	213	-1,284	70	13,691	-7,648	-161	-306	-988	1,143	1,132	-677	156	-417	230	408
Income (loss) before income taxes and equity in earnings of joint ventures
-5,500	-	-	-	-38,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (loss) before income taxes and equity in earnings of joint ventures
-	-	-22,000	-18,100	-	-69,100	-19,300	19,700	-1,900	38,600	23,900	8,800	-15,900	-162,821	-59,276	-10,213	-18,590	-35,028	-58,977	-29,687	82,570	86,489	56,564	21,127	-20,703	-11,802	-8,854	-29,007	9,819	-5,890	-11,981	-9,231	-2,221	-29,753	-2,120	27,162	26,950	67,290	-18,540	9,288	9,508
Income tax benefit (expense)
-2,800	-2,600	-1,300	-1,600	-2,900	-3,200	1,700	2,300	-1,000	3,200	3,300	1,400	-300	6,037	-848	-319	-2,070	-2,929	-2,161	5,065	9,301	11,304	6,444	1,654	-1,094	-1,583	1,384	813	2,517	1,526	1,168	3,395	2,821	2,213	5,387	3,636	3,123	2,803	-570	4,619	4,281
Income (loss) before equity in earnings of joint ventures
-2,700	-4,800	-20,700	-16,500	-35,100	-65,900	-21,000	17,400	-900	35,400	20,600	7,400	-15,600	-168,858	-58,428	-9,894	-16,520	-32,099	-56,816	-34,752	73,269	75,185	50,120	19,473	-19,609	-10,219	-10,238	-29,820	7,302	-7,416	-13,149	-12,626	-5,042	-31,966	-7,507	23,526	23,827	64,487	-17,970	4,669	5,227
Equity in earnings of joint ventures
-	-	0	-4,300	-	3,600	0	0	600	400	200	-300	500	409	155	379	357	603	704	855	510	644	285	871	-495	544	731	436	951	507	1,126	349	641	859	907	460	1,219	793	1,183	477	1,105
Equity in earnings of joint ventures
0	-	0	100	500	-	700	2,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
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
Net income (loss) allocated to common stockholders
-	-	-20,700	-20,700	-	-	-20,300	17,900	-300	-	19,100	6,600	-15,100	-	-58,273	-9,515	-16,163	-	-56,112	-33,897	67,813	-	46,277	18,675	-20,104	-	-9,507	-29,384	7,567	-	-12,023	-12,277	-4,401	-	-6,600	22,061	23,005	-	-16,787	4,723	5,808
EARNINGS (LOSS) PER COMMON SHARE:
Basic (in dollars per share)
-	-	-	-	-	-	-	-	-	-	0.22	0.08	-	-1.93	-0.67	-0.11	-0.19	-	-	-0.39	-	-	-	0.21	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.18	0.05	0.06
Diluted (in dollars per share)
-	-	-	-	-	-	-	-	-	-	0.22	0.07	-	-1.93	-0.67	-0.11	-0.19	-	-	-0.39	-	-	-	0.21	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.18	0.05	0.06
Basic and diluted (per share)
-0.03	-0.06	-0.23	-0.23	-0.39	-0.73	-0.23	0.20	0.00	-	-	-	-0.17	-	-	-	-0.19	-	-0.65	-	0.76	-	0.52	-	-0.23	-	-0.11	-0.33	0.09	-	-0.14	-0.14	-0.05	-0.31	-0.07	0.24	0.25	-	-	-	-
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:
Basic and diluted (per share)
89,300	-	88,900	-	88,100	-	87,600	-	87,600	-	-	-	87,300	-	-	-	87,040	-	86,907	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Weighted Average Number of Shares Outstanding, Basic
-	-	-	88,800	-	-	-	87,600	-	-	87,300	87,300	-	-	87,076	87,060	-	-	-	86,873	88,814	-	88,827	88,787	88,717	-	88,611	88,597	88,555	-	88,468	88,452	88,727	-	92,032	93,105	92,965	-	92,738	92,672	92,550
Diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	88,468	88,452	88,727	-	92,032	93,567	93,297	-	92,738	93,332	93,103
Weighted Average Number of Shares Outstanding, Diluted
-	-	-	88,800	-	-	-	88,400	-	-	88,300	88,100	-	-	87,076	87,060	-	-	-	86,873	89,369	-	89,532	89,352	88,717	-	88,611	88,597	89,020	-	88,468	88,452	-	-	-	-	-	-	-	-	-
Other comprehensive income before income tax effect:
Net unrealized gain (loss) on financial instruments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2	26	-	-	-	-	-	-	-	-	-
Net loss reclassified to income on financial instruments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-68	209	-	-	-	-	-	-	-	-	-
Net gain on foreign currency cash flow hedges reclassified as income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-47	-46	-	-	-	-	-	-	-	-	-
Net gain arising during the period
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	49	-	-	-	-	-	-	-	-	-
Amortization of prior service benefit during the period
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,029	1,031	-	-	-	-	-	-	-	-	-
Amortization of net loss during the period
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,562	2,941	-	-	-	-	-	-	-	-	-
Other comprehensive income before income tax effect
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,556	2,148	-	-	-	-	-	-	-	-	-
Income tax effect
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	382	383	-	-	-	-	-	-	-	-	-
Other comprehensive income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,174	1,765	-	-	-	-	-	-	-	-	-
Total comprehensive income (loss)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-10,849	-10,512	-	-	-	-	-	-	-	-	-