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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (30,638) $ (28,701)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Unrealized net (gain) loss on forward contracts (762) 3,196
Gain on bargain purchase (5,253) 0
Unrealized gain on E.ON contingent obligation (16,428) 0
Accrued and other plant curtailment costs — net 3,380 4,025
Lower of cost or market inventory adjustment 10,286 (19,818)
Depreciation 49,082 46,925
Sebree power contract amortization (14,461) 0
Debt discount amortization 586 791
Pension and other postretirement benefits (2,674) 673
Stock-based compensation 961 412
Loss on early extinguishment of debt 3,272 0
Undistributed earnings of joint ventures (2,118) (2,116)
Change in operating assets and liabilities:    
Accounts receivable — net (1,063) 3,320
Due from affiliates 12,915 317
Inventories (22,848) 31,810
Prepaid and other current assets (4,892) (8,254)
Accounts payable, trade 26,547 (8,823)
Due to affiliates 32,002 761
Accrued and other current liabilities 2,209 8,743
Other — net 2,355 (12,176)
Net cash provided by operating activities 42,458 21,085
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property, plant and equipment (31,994) (10,399)
Nordural expansion — Helguvik (2,855) (5,474)
Purchase of carbon anode assets and improvements (8,519) (14,185)
Purchase of Sebree smelter (48,058) 0
Investments in and advances to joint ventures 0 (275)
Dividends and payments received on advances from joint ventures 0 3,166
Proceeds from sale of property, plant and equipment 515 89
Restricted and other cash deposits (3,015) 0
Net cash used in investing activities (93,926) (27,078)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayment of debt (249,604) 0
Proceeds from issuance of debt 246,330 0
Borrowings under revolving credit facility 16,725 18,076
Repayments under revolving credit facility 0 (18,076)
Debt issuance costs (3,994) 0
Debt retirement costs (1,208) 0
Repurchase of common stock 0 (4,033)
Issuance of common stock — net 44 0
Net cash provided by (used in) financing activities 8,293 (4,033)
CHANGE IN CASH AND CASH EQUIVALENTS (43,175) (10,026)
Cash and cash equivalents, beginning of the period 183,976 183,401
Cash and cash equivalents, end of the period $ 140,801 $ 173,375