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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income (loss) $ (80.8) $ (66.2) $ 48.6
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Lower of cost or NRV inventory adjustment 18.8 36.5 (1.1)
Unrealized (gains) on forward and derivative contracts (11.4) (6.5) 0.0
Depreciation and amortization 83.2 90.1 84.2
Helguvik (gains) losses 0.0 (4.5) (7.3)
Ravenswood (gains) losses 0.0 0.0 (5.5)
Net loss on sale of BHH 4.3 0.0 0.0
Other non-cash items - net (5.9) (13.2) (6.7)
Change in operating assets and liabilities:      
Accounts receivable - net 12.4 (39.4) (30.6)
Due from affiliates (7.1) (12.4) 6.3
Inventories 4.4 (62.8) (67.5)
Prepaid and other current assets 2.7 (0.9) 7.8
Accounts payable, trade (25.2) 30.5 4.7
Due to affiliates 22.6 (10.1) 4.8
Accrued and other current liabilities 2.7 (11.1) 14.5
Ravenswood retiree legal settlement (2.0) (2.0) (5.0)
Other - net (1.0) 2.9 4.3
Net cash provided by (used in) operating activities 17.7 (69.1) 51.5
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchase of property, plant and equipment (59.6) (83.0) (31.8)
Proceeds from sale of property, plant and equipment 0.0 0.1 14.4
Proceeds from sale of joint venture 20.8 0.0 0.0
Net cash (used in) investing activities (38.8) (82.9) (17.4)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Borrowings under revolving credit facilities 388.1 120.1 1.3
Repayments under revolving credit facilities (407.3) (96.8) (1.3)
Other short-term borrowings 3.4 0.0 0.0
Repayment on other short-term borrowings (3.4) 0.0 0.0
Borrowings under term loan 40.0 0.0 0.0
Issuance of common stock 0.3 0.4 0.4
Net cash provided by financing activities 21.1 23.7 0.4
CHANGE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH 0.0 (128.3) 34.5
Cash, cash equivalents and restricted cash, beginning of year 39.7 168.0 133.5
Cash, cash equivalents and restricted cash, end of year 39.7 39.7 168.0
Supplemental Cash Flow Information:      
Interest 21.8 19.7 19.5
Taxes 0.5 13.1 5.6
Capital expenditures $ 3.0 $ 8.0 $ 0.6