Company: CENX
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050200
Chunk: 25

Company: CENTURY ALUMINUM CO
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 25
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Item 1.  Financial Statements

CENTURY ALUMINUM COMPANYCONSOLIDATED STATEMENTS OF OPERATIONS(in millions, except per share amounts)(Unaudited)Three months endedSeptember 30,Nine months endedSeptember 30,2025202420252024Net salesRelated parties$319.6 $332.1 $1,065.9 $971.3 Other customers312.6 207.0 828.3 618.1 Total net sales632.2 539.1 1,894.2 1,589.4 Cost of goods sold (1)554.9 457.3 1,720.1 1,470.7 Gross profit77.3 81.8 174.1 118.7 Selling, general and administrative expenses17.9 15.6 44.4 42.0 Other operating expenses - net1.1 2.4 4.6 4.6 Operating income58.3 63.8 125.1 72.1 Interest expense - nonaffiliates(11.5)(10.1)(31.3)(26.3)Interest expense - affiliates(1.5)(1.8)(5.2)(5.1)Interest income2.8 0.4 6.5 1.7 Net loss on forward and derivative contracts - nonaffiliates(30.2)(2.8)(51.2)(4.3)Net (loss) gain on forward and derivative contracts - affiliates— (1.2)— 3.7 Loss on early extinguishment of debt(6.2)— (6.2)— Bargain purchase gain— — — 245.9 Other loss - net(2.2)(4.0)(11.3)(4.4)Income before income taxes9.5 44.3 26.4 283.3 Income tax benefit (expense)1.1 (2.0)0.8 (3.0)Net income10.6 42.3 27.2 280.3 Net loss attributable to noncontrolling interests(4.3)(5.0)(12.8)(11.3)Net income attributable to Century stockholders14.9 47.3 40.0 291.6 Less