Company: CENX
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001628280-25-038882
Chunk: 60

Company: CENTURY ALUMINUM CO
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 60
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(1),(2)(593.2)(532.0)(1,165.6)(1,001.5)IRA Credit(1),(3)21.9 10.7 41.8 22.6 Lower of cost or NRV inventory adjustment(1),(4)1.2 1.7 1.9 7.3 Property and equipment expense(1),(5)(21.8)(20.8)(43.3)(41.8)Selling, general and administrative expenses(14.0)(12.3)(26.5)(26.4)Other operating expenses - net(1.5)(1.7)(3.5)(2.2)Interest expense - nonaffiliates(9.8)(8.9)(19.8)(16.2)Interest expense - affiliates(1.9)(1.4)(3.7)(3.3)Interest income1.9 0.6 3.7 1.3 Net (loss) gain on forward and derivative contracts - nonaffiliates(15.6)(2.1)(21.0)0.9 Net (loss) gain on forward and derivative contracts - affiliates— (1.9)— 2.5 Bargain purchase gain— — — 245.9 Other (loss) income - net(5.7)1.1 (9.1)(0.4)Income tax benefit (expense)1.3 (0.5)(0.3)(1.0)Net (loss) income$(9.1)$(6.7)$16.6 $238.0 (1)Indicates a component of Cost of goods sold.(2)Includes raw materials, labor, energy, freight costs, FIFO inventory adjustments and other direct cost of goods sold.(3)Advanced production credit related to Section 45X of the IRA.(4)Includes inventory revaluation to lower of cost or net realizable value and changes in inventory reserve.(5)Represents the depreciation expenses and expenses related to leased assets that are directly related to the cost of goods sold.

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Table of ContentsCENTURY ALUMINUM COMPANYCondensed Notes to the Consolidated Financial Statements (continued)(amounts in millions, except share and per share amounts)(Unaudited)

15.    Variable Interest EntityThe Company consolidates Jamalco, a bauxite mining and alum