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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
NET SALES        
Related parties $ 305.3 $ 299.2 $ 884.2 $ 876.1
Other customers 176.5 101.4 522.1 279.1
Total net sales 481.8 400.6 1,406.3 1,155.2
Cost of goods sold 493.6 359.2 1,369.9 1,074.5
Gross profit (loss) (11.8) 41.4 36.4 80.7
Selling, general and administrative expenses 8.8 14.0 31.5 34.0
Ravenswood (gains) 0.0 (5.5) 0.0 (5.5)
Helguvik (gains) (4.5) 0.0 (4.5) 0.0
Other operating (income) expense - net (0.5) 0.4 0.0 1.6
Operating income (loss) (15.6) 32.5 9.4 50.6
Interest expense (5.6) (5.5) (16.7) (16.6)
Interest income 0.4 0.4 1.3 0.9
Net gain (loss) on forward and derivative contracts 0.8 (3.9) 2.8 (17.1)
Other income (expense) - net 0.7 0.4 1.8 (1.0)
Income (loss) before income taxes and equity in earnings of joint ventures (19.3) 23.9 (1.4) 16.8
Income tax (expense) (1.7) (3.3) (3.0) (4.5)
Income (loss) before equity in earnings of joint ventures (21.0) 20.6 (4.4) 12.3
Equity in earnings of joint ventures 0.7 0.2 3.2 0.5
Net income (loss) (20.3) 20.8 (1.2) 12.8
Net income (loss) allocated to common stockholders $ (20.3) $ 19.1 $ (1.2) $ 11.8
EARNINGS (LOSS) PER COMMON SHARE:        
Earnings per share, basic (shares) $ (0.23) $ 0.22 $ (0.01) $ 0.13
Earnings per share, diluted (shares) $ (0.23) $ 0.22 $ (0.01) $ 0.13
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:        
Basic (shares) 87.6 87.3 87.6 87.3
Diluted (shares) 87.6 88.3 87.6 88.1