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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income (loss) $ (252,415) $ (59,310) $ 126,474
Adjustments to reconcile net loss to net cash provided by operating activities:      
Unrealized gain on fair value of contingent consideration 0 (18,337) (7,943)
Gain on remeasurement of equity investment 0 0 (15,955)
Unrealized gain on E.ON contingent obligation (1,411) (1,411) (1,412)
Lower of cost or market inventory adjustment (660) 7,539 (1,247)
Depreciation and amortization 84,780 80,117 70,827
Helguvik impairment 152,220 0 0
Ravenswood impairment 3,830 30,850 0
BHH impairment 0 11,584 0
Sebree power contract amortization 0 0 (5,534)
Pension and other postretirement benefits 2,863 (4,991) 6,939
Deferred income taxes (893) (178) 2,633
Stock-based compensation 1,502 1,844 1,334
Equity in earnings of joint ventures, net of dividends (367) (806) 425
Change in operating assets and liabilities:      
Accounts receivable - net (2,957) 68,192 (8,712)
Due from affiliates 766 14,086 12,084
Inventories 919 44,896 (16,513)
Prepaid and other current assets 18,313 (144) 3,392
Accounts payable, trade 2,271 (60,583) 11,797
Due to affiliates 7,212 (12,216) 3,058
Accrued and other current liabilities (3,900) (31,540) 18,071
Pension contribution - Mt. Holly 0 (34,595) 0
Ravenswood retiree legal settlement 23,000 0 0
Other - net 3,100 (3,131) 7,962
Net cash provided by operating activities 38,173 31,866 207,680
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchase of property, plant and equipment (21,944) (54,700) (55,126)
Purchase of Sebree smelter 0 0 (1,042)
Purchase of remaining interest in Mt. Holly smelter 0 11,313 (65,100)
Proceeds from sale of property, plant and equipment 1,040 14 46
Restricted and other cash deposits (259) 10 896
Net cash used in investing activities (21,163) (43,363) (120,326)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Repayment of debt 0 0 (2,603)
Borrowings under revolving credit facilities 1,179 1,737 92,423
Repayments under revolving credit facilities (1,179) (1,737) (98,423)
Repurchase of common stock 0 (36,352) 0
Issuance of common stock 0 0 403
Net cash used in financing activities 0 (36,352) (8,200)
CHANGE IN CASH AND CASH EQUIVALENTS 17,010 (47,849) 79,154
Cash and cash equivalents, beginning of year 115,393 163,242 84,088
Cash and cash equivalents, end of year $ 132,403 $ 115,393 $ 163,242