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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ (28,701) $ 42,432
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Unrealized net loss on forward contracts 3,196 1,643
Accrued and other plant curtailment costs — net 4,025 (15,023)
Lower of cost or market inventory adjustment (19,818) 13,463
Depreciation and amortization 46,925 46,579
Debt discount amortization 791 1,601
Pension and other postretirement benefits 673 (30,768)
Stock-based compensation 412 2,670
Non-cash loss on early extinguishment and modification of debt 0 763
Undistributed earnings of joint ventures (2,116) (2,586)
Change in operating assets and liabilities:    
Accounts receivable — net 3,320 (8,164)
Due from affiliates 317 6,602
Inventories 31,810 (23,269)
Prepaid and other current assets (8,254) (25,405)
Accounts payable, trade (8,823) (2,783)
Due to affiliates 761 (476)
Accrued and other current liabilities 8,743 17,071
Other — net (12,176) (13,256)
Net cash provided by operating activities 21,085 11,094
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property, plant and equipment (10,399) (10,868)
Nordural expansion - Helguvik (5,474) (10,335)
Purchase of carbon anode assets (14,185) 0
Investments in and advances to joint ventures (275) (13)
Payments received on advances from joint ventures 3,166 3,056
Proceeds from the sale of property, plant and equipment 89 1,471
Net change in restricted cash 0 3,673
Net cash used in investing activities (27,078) (13,016)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayments of debt 0 47,067
Repayments of contingent obligation 0 189
Borrowings under revolving credit facility 18,076 15,900
Repayments under revolving credit facility (18,076) (15,900)
Repurchase of common stock (4,033) (38,806)
Issuance of common stock - net 0 83
Net cash provided by (used in) financing activities (4,033) (85,979)
CHANGE IN CASH AND CASH EQUIVALENTS (10,026) (87,901)
Cash and cash equivalents, beginning of the period 183,401 304,296
Cash and cash equivalents, end of the period $ 173,375 $ 216,395