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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
NET SALES        
Related parties $ 235.8 $ 282.3 $ 792.4 $ 898.7
Other customers 157.1 155.7 423.6 502.5
Total net sales 392.9 438.0 1,216.0 1,401.2
Cost of goods sold 420.0 451.7 1,251.3 1,431.8
Gross profit (loss) (27.1) (13.7) (35.3) (30.6)
Selling, general and administrative expenses 11.0 11.6 31.7 38.2
Other operating (income) expense - net (0.2) (0.1) 0.3 0.4
Operating income (loss) (37.9) (25.2) (67.3) (69.2)
Interest expense - Hawesville term loan (0.4) (0.8) (1.6) (1.3)
Interest expense (9.1) (5.6) (21.0) (17.3)
Interest income 0.1 0.2 0.6 0.6
Net gain (loss) on forward and derivative contracts (9.4) 10.3 (1.9) 10.7
Loss on early extinguishment of debt (1.2) 0.0 (1.2) 0.0
Other income (expense) - net 0.0 (0.9) 3.0 (1.6)
Income (loss) before income taxes and equity in earnings of joint ventures (57.9) (22.0) (89.4) (78.1)
Income tax benefit (expense) (0.3) 1.3 1.6 5.7
Income (loss) before equity in earnings of joint ventures (58.2) (20.7) (87.8) (72.4)
Loss on sale of BHH 0.0 0.0 0.0 (4.3)
Equity in earnings of joint ventures 0.0 0.0 0.0 0.7
Net income (loss) $ (58.2) $ (20.7) $ (87.8) $ (76.0)
EARNINGS (LOSS) PER COMMON SHARE:        
Basic and diluted (USD per share) $ (0.65) $ (0.23) $ (0.98) $ (0.86)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:        
Basic and diluted (per share) 89.5 88.9 89.4 88.6