Company: CENX
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000949157-25-000035
Chunk: 12

Company: CENTURY ALUMINUM CO
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 12
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Item 1.  Financial Statements

CENTURY ALUMINUM COMPANYCONSOLIDATED STATEMENTS OF OPERATIONS(in millions, except per share amounts)(Unaudited)Three months endedMarch 31,20252024Net salesRelated parties$378.7 $315.0 Other customers255.2 174.5 Total net sales633.9 489.5 Cost of goods sold (1)573.3 473.0 Gross profit60.6 16.5 Selling, general and administrative expenses12.5 14.1 Other operating expense - net2.0 0.5 Operating income46.1 1.9 Interest expenses - nonaffiliates(10.0)(7.4)Interest expense - affiliates(1.8)(1.8)Interest income1.8 0.7 Net (loss) gain on forward and derivative contracts - nonaffiliates(5.4)3.4 Net gain on forward and derivative contracts - affiliates— 4.0 Bargain purchase gain— 245.9 Other income (loss) - net (3.4)(1.5)Income before income taxes27.3 245.2 Income tax expense(1.6)(0.5)Net income25.7 244.7 Net loss attributable to noncontrolling interests(4.0)(2.1)Net income attributable to Century stockholders29.7 246.8 Less: net income allocated to participating securities1.5 13.2 Net income allocated to common stockholders$28.2 $233.6 (1) Purchases from related party were $88.3 million and $59.0 million for the quarters ended March 31, 2025 and 2024, respectively.NET INCOME ATTRIBUTABLE TO CENTURY STOCKHOLDERS PER COMMON SHARE:Basic$0.30 $2.52 Diluted0.29 2.26 WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:Basic 93.3 92.7 Diluted99.2 98.7  

See Condensed Notes to the Consolidated Financial Statements

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 Table of Contents

CENTURY ALUMINUM COMPANYCONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME(in millions)(Unaudited)Three months endedMarch 31,20252024Com