Century Aluminum Company (CENX) Financial Statements (2024 and earlier)

Company Profile

Business Address 1 SOUTH WACKER DRIVE
CHICAGO, IL 60606
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3334 - Primary Production of Aluminum (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5429823939167
Cash and cash equivalents5429823939167
Receivables72896110010553
Inventory, net of allowances, customer advances and progress billings399426291321344317
Inventory399426291321344317
Derivative instruments and hedges, assets12735615  
Other undisclosed current assets264016131916
Total current assets:678618456487507554
Noncurrent Assets
Operating lease, right-of-use asset    25
Property, plant and equipment744893880949967972
Long-term investments and receivables   21  
Due from related parties  21  
Other noncurrent assets505962636456
Other undisclosed noncurrent assets    (25)  
Total noncurrent assets:7949529441,0121,0311,028
TOTAL ASSETS:1,4721,5701,4001,5001,5381,582
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities228258191173183162
Interest and dividends payable 15   
Employee-related liabilities910101111
Accounts payable1671871069711990
Accrued liabilities616359665361
Debt    3  
Derivative instruments and hedges, liabilities10102    
Asset retirement obligation      
Due to related parties306642331020
Other undisclosed current liabilities143121825318
Total current liabilities:411547240234224191
Noncurrent Liabilities
Long-term debt and lease obligation380353267272249248
Long-term debt, excluding current maturities380330243249249248
Liabilities, other than long-term debt280249301319302313
Asset retirement obligations      
Deferred tax liabilities, net104103
Deferred income tax liabilities103598995
Liability, pension and other postretirement and postemployment benefits112122167162152152
Due to related parties822020  
Other liabilities364645424658
Operating lease, liability 21232423
Other undisclosed noncurrent liabilities 1 45   
Total noncurrent liabilities:662602613591551561
Total liabilities:1,0731,149854825775752
Equity
Equity, attributable to parent399421546675762830
Preferred stock      0
Common stock111111
Treasury stock, value(86)(86)(86)(86)(86)(86)
Additional paid in capital2,5402,5362,5302,5272,5232,517
Accumulated other comprehensive loss(94)(82)(119)(110)(99)(92)
Accumulated deficit(1,961)(1,947)(1,780)(1,656)(1,577)(1,511)
Equity, attributable to noncontrolling interest      
Total equity:399421546675762830
TOTAL LIABILITIES AND EQUITY:1,4721,5701,4001,5001,5381,582

Income Statement (P&L) ($ in millions)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues2,7772,2131,6051,8371,8931,589
Revenue, net1,589
Revenue from related parties1,6711,3371,0261,1921,205
Other operating income 1,106876580645689 
Cost of revenue
(Cost of Goods and Services Sold)
(2,731)(2,088)(1,642)(1,861)(1,916)(1,460)
Gross profit:47124(37)(24)(23)129
Operating expenses(197)(58)(44)(47)(40)(45)
Other operating expense, net (1)(1)(1)(0)(2)
Other undisclosed operating income     513
Operating income (loss):(150)66(81)(72)(59)94
Nonoperating income (expense)212(209)(14)119(18)
Investment income, nonoperating197(212)(17)126(17)
Other nonoperating income (expense)1534(1)3(1)
Interest and debt expense (29)(55)(33)(23)(22)(22)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes   1(1)21
Income (loss) from continuing operations before equity method investments, income taxes:33(198)(126)(86)(71)55
Income (loss) from equity method investments(0)(0)(0)141
Other undisclosed income (loss) from continuing operations before income taxes11    
Income (loss) from continuing operations before income taxes:33(198)(126)(85)(66)56
Income tax expense (benefit)(47)31380(8)
Income (loss) from continuing operations:(14)(167)(123)(77)(66)49
Income (loss) before gain (loss) on sale of properties:(167)(123)(77)(66)49
Other undisclosed net loss      
Net income (loss):(14)(167)(123)(77)(66)49
Net income attributable to noncontrolling interest      
Other undisclosed net loss attributable to parent (0)(0) (4)  
Net income (loss) attributable to parent:(14)(167)(123)(81)(66)49
Other undisclosed net loss available to common stockholders, basic      (4)
Net income (loss) available to common stockholders, diluted:(14)(167)(123)(81)(66)45

Comprehensive Income ($ in millions)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(14)(167)(123)(77)(66)49
Other comprehensive income (loss)(12)37(9)(10)(7)22
Other undisclosed comprehensive loss    (4)  
Comprehensive income (loss):(26)(131)(132)(91)(73)71
Comprehensive income, net of tax, attributable to noncontrolling interest      
Other undisclosed comprehensive loss, net of tax, attributable to parent (0)(0)    
Comprehensive income (loss), net of tax, attributable to parent:(26)(131)(132)(91)(73)71

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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