Company: CENX
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000949157-25-000024
Chunk: 116

Company: CENTURY ALUMINUM CO
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 116
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 of December 31, 2023.  The Company finalized its purchase accounting as of March 31, 2024.The following table summarizes the estimated fair value of identified assets acquired, liabilities assumed and noncontrolling interest at the date of acquisition:Purchase price allocationAmountIdentifiable assets acquired and liabilities assumedCash and cash equivalents$19.4 Restricted cash8.3 Accounts receivable - net7.7 Non-trade receivables40.4 Inventories103.9 Prepaid and other current assets4.2 Property, plant and equipment217.2 Other assets26.1 Accounts payable, trade(94.6)Accrued and other current liabilities(29.5)Other liabilities(36.5)Asset retirement obligations(23.9)Total identifiable assets acquired and liabilities assumed242.7 Less: noncontrolling interest (3.2)Bargain purchase gain245.9 

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CENTURY ALUMINUM COMPANYNOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS(amounts in millions, except share and per share amounts)

For the twelve months ended December 31, 2023, Jamalco contributed $150.3 million to our total revenues and a loss of $41.1 million to our total earnings. In connection with the acquisition, the Company incurred approximately $1.4 million of transaction costs for the twelve months ended December 31, 2023, which are included in selling, general and administrative expenses on the Consolidated Statements of Operations.The following unaudited pro forma financial information reflects the results of operations of the Company for the twelve months ended December 31, 2023 and 2022, respectively, as if the acquisition of Jamalco had been completed on January 1, 2022. This unaudited pro forma financial information has been prepared for informational purposes and is not necessarily indicative of the actual consolidated results of operations had the acquisition been completed on January 1, 2022, nor is the information indicative of future results of operations of the combined companies.Year Ended December 31,20232022Revenue$2,235.1 $2,831.0 Earnings$(45.9)$(33.1)

3.  Curtailment of Operations - Hawesville

In August 2022, we fully curtailed production at the Hawesville facility. We continue to explore all options related to the Hawesville facility.For the year ended