Company: CENX
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000949157-25-000035
Chunk: 41

Company: CENTURY ALUMINUM CO
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 41
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 and selling, general and administrative expenses. Segment assets is reported on our Consolidated Balance Sheets as Total assets. Our Consolidated Statements of Cash Flows presents Depreciation, depletion and amortization expense and includes the measure of Capital expenditures as Purchase of property, plant and equipment.The following table presents information about the Company's single segment for the three months ended March 31, 2025 and 2024.Three months endedMarch 31,20252024Net sales$633.9 $489.5 Segment Cost of goods sold(1),(2)(574.8)(469.5)IRA Credit(1),(3)19.9 11.9 Lower of cost or NRV inventory adjustment(1),(4)3.1 5.6 Property and equipment expense(1),(5)(21.5)(21.0)Selling, general and administrative expenses(12.5)(14.1)Other operating expense - net(2.0)(0.5)Interest expense - affiliates(1.8)(1.8)Interest expenses - nonaffiliates(10.0)(7.4)Interest income1.8 0.7 Net gain (loss) on forward and derivative contracts - nonaffiliates(5.4)3.4 Net gain (loss) on forward and derivative contracts - affiliates— 4.0 Bargain purchase gain— 245.9 Other income (loss) - net(3.4)(1.5)Income tax expense(1.6)(0.5)Net income$25.7 $244.7 (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 the cost of goods sold. Depreciation expense is also a component of Selling, general and administrative expenses.

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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 alumina