Century Aluminum Co (CENX) financial statements: income statement, balance sheet and cash flow
Century Aluminum Co's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Century Aluminum Co reported revenue of $2.5B (+13.9% year on year) and net income of $41.8M (-87.6% year on year).
Income statement
Century Aluminum Co income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Total net sales
$2.5B
$2.2B
$2.2B
$2.8B
Cost of Goods Sold
$2.3B
$2.0B
$2.1B
$2.7B
Gross profit
$256.4M
$185.0M
$91.9M
$46.7M
Selling, general and administrative expenses
$79.9M
$56.8M
$44.3M
$37.5M
Other operating expenses - net
$18.4M
$6.8M
$15.8M
$0
Operating income
$158.1M
$121.4M
$31.8M
($150.2M)
Interest expense
($47.7M)
($43.1M)
($35.5M)
($29.3M)
Interest income
$9.2M
$2.1M
$2.0M
$500.0K
Net gain (loss) on forward and derivative contracts
($94.7M)
$2.0M
($61.8M)
$197.1M
Loss on early extinguishment of debt
($7.7M)
—
$0
$0
Bargain purchase gain
$0
$245.9M
—
—
Other expense - net
($14.5M)
($4.5M)
($3.3M)
$15.3M
Income (loss) before income taxes
$2.7M
$323.8M
($66.8M)
—
Income tax benefit (expense)
$13.1M
($3.2M)
$14.6M
($47.4M)
Income (loss) before equity in earnings of joint ventures
$15.8M
$320.6M
($52.2M)
($14.0M)
Equity in earnings (losses) of joint ventures
$0
$100.0K
($100.0K)
($100.0K)
Net income (loss)
$15.8M
$320.7M
($52.3M)
—
Net loss attributable to noncontrolling interests
($26.0M)
($16.1M)
($9.2M)
—
Net income (loss) attributable to Century stockholders
$41.8M
$336.8M
($43.1M)
($14.1M)
Less: Net income allocated to participating securities
$1.8M
$17.9M
—
—
Net income (loss) allocated to common stockholders
$40.0M
$318.9M
—
($14.1M)
Basic (in dollars per share)
$0.42
$3.44
-$0.47
-$0.15
Diluted (in dollars per share)
$0.42
$3.27
-$0.47
-$0.15
Basic (in shares)
94.2M
92.8M
92.4M
91.4M
Diluted (in shares)
95.3M
98.4M
92.4M
91.4M
Century Aluminum Co income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Total net sales
$752.1M
$649.2M
$632.2M
$628.1M
Cost of goods sold
$524.2M
$530.4M
$554.9M
$591.9M
Gross profit
$227.9M
$118.8M
$77.3M
$36.2M
Selling, general and administrative expenses
$15.9M
$25.8M
$17.9M
$14.0M
Gain on the sale of Hawesville
$0
($287.9M)
—
—
Other operating expenses - net
$400.0K
$6.9M
$1.1M
$1.5M
Operating income
$211.6M
$374.0M
$58.3M
$20.7M
Interest expense
($10.1M)
($10.5M)
($13.0M)
($11.7M)
Interest income
$4.4M
$3.1M
$2.8M
$1.9M
Net gain (loss) on forward and derivative contracts - nonaffiliates
$7.1M
($65.3M)
($30.2M)
($15.6M)
Gain on insurance proceeds - net
$40.1M
$33.0M
—
—
Other income (loss) - net
$3.8M
($5.5M)
($2.2M)
($5.7M)
Income (loss) before income taxes
$256.9M
$328.8M
$9.5M
($10.4M)
Income tax (expense) benefit
($12.1M)
($1.8M)
$1.1M
$1.3M
Equity in losses of unconsolidated subsidiaries
($1.0M)
—
—
—
Net income (loss)
$243.8M
$327.0M
$10.6M
($9.1M)
Net loss attributable to noncontrolling interests
($5.5M)
($10.5M)
($4.3M)
($4.5M)
Net income (loss) attributable to Century stockholders
$249.3M
$337.5M
$14.9M
($4.6M)
Less: net income allocated to participating securities
$0
$0
$800.0K
$0
Net income (loss) allocated to common stockholders
$249.3M
$337.5M
$14.1M
($4.6M)
Basic (in dollars per share)
$2.52
$3.41
$0.15
-$0.05
Diluted (in dollars per share)
$2.39
$3.23
$0.15
-$0.05
Basic (in shares)
99.0M
99.0M
93.3M
93.3M
Diluted (in shares)
104.8M
104.6M
99.2M
93.3M
Balance sheet
Century Aluminum Co balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$134.2M
$32.9M
$88.8M
$54.3M
Restricted cash
$1.4M
$2.8M
$1.5M
$1.2M
Accounts receivable - net
$109.9M
$75.8M
$53.7M
$66.9M
Non-trade receivables
$38.1M
$13.2M
$36.2M
—
Due from affiliates
$29.6M
$25.1M
$20.2M
$4.8M
Manufacturing credit receivable
$172.6M
$81.5M
$59.3M
—
Inventories
$519.6M
$539.0M
$477.0M
$398.8M
Derivative assets
$1.5M
$4.2M
$2.9M
$127.3M
Prepaid and other current assets
$24.4M
$28.3M
$27.5M
$24.5M
Total current assets
$1.0B
$802.8M
$767.1M
$677.8M
Property, plant and equipment - net
$1.2B
$978.3M
$1.0B
$744.4M
Manufacturing credit receivable - less current portion
$0
$70.4M
—
—
Other assets
$70.4M
$87.9M
$75.2M
$49.8M
Accounts payable, trade
$187.2M
$187.3M
$249.5M
$167.3M
Accrued compensation and benefits
$74.4M
$49.8M
$38.1M
—
Due to affiliates
$70.8M
$109.3M
$101.4M
$17.0M
Accrued and other current liabilities
$35.6M
$42.0M
$50.9M
$60.7M
Derivative liabilities
$58.2M
$4.4M
$1.4M
$9.7M
Current maturities of long-term debt
$68.8M
$70.9M
$48.3M
—
Carbon credit repurchase liability
$28.6M
—
—
—
Total current liabilities
$523.6M
$463.7M
$763.0M
$410.7M
Long-term debt
$479.5M
$457.3M
$430.9M
—
Accrued benefits costs - less current portion
$97.7M
$130.4M
$120.3M
$44.5M
Other liabilities
$104.9M
$92.6M
$66.3M
$36.0M
Deferred taxes
$58.4M
$71.2M
$72.4M
$103.1M
Asset retirement obligations - less current portion
$75.3M
$61.5M
$49.5M
—
Total noncurrent liabilities
$815.8M
$813.0M
$739.4M
$662.0M
Preferred stock (Note 9)
$0
$0
$0
$0
Common stock (Note 9)
$1.1M
$1.0M
$1.0M
$1.0M
Additional paid-in capital
$2.6B
$2.6B
$2.5B
$2.5B
Treasury stock, at cost
($86.3M)
($86.3M)
($86.3M)
($86.3M)
Accumulated other comprehensive loss
($55.2M)
($103.3M)
($97.9M)
($94.0M)
Accumulated deficit
($1.6B)
($1.7B)
($2.0B)
($2.0B)
Total Century shareholders’ equity
$805.6M
$694.4M
$355.6M
$399.3M
Noncontrolling interest
$124.3M
($31.7M)
($11.5M)
—
Total equity
$929.9M
$662.7M
$344.1M
—
TOTAL
$2.3B
$1.9B
$1.8B
$1.5B
Century Aluminum Co balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents
$343.4M
$244.1M
$151.4M
$40.7M
Restricted cash
$46.3M
$89.5M
$1.4M
$2.8M
Accounts receivable - net
$136.2M
$111.0M
$116.9M
$108.2M
Non-trade receivables
$65.1M
$41.8M
$0
$0
Due from affiliates
$13.0M
$52.6M
$15.7M
$13.8M
Manufacturing credit receivable
$176.8M
$173.3M
$156.6M
$81.5M
Inventories
$582.9M
$512.1M
$556.7M
$513.4M
Derivative assets
$6.5M
$6.8M
$3.3M
$4.4M
Prepaid and other current assets
$31.4M
$23.3M
$25.1M
$25.5M
Total current assets
$1.4B
$1.3B
$1.0B
$790.3M
Property, plant and equipment - net
$1.3B
$1.2B
$972.2M
$975.6M
Manufacturing credit receivable - less current portion
$48.4M
$24.9M
$63.8M
$113.5M
Other assets
$172.1M
$170.4M
$71.1M
$69.6M
Total assets
$2.9B
$2.7B
$2.1B
$1.9B
Accounts payable, trade
$216.6M
$196.1M
$207.4M
$197.7M
Accrued compensation and benefits
$77.1M
$71.8M
$52.4M
$44.2M
Due to affiliates
$71.9M
$51.0M
$77.1M
$100.7M
Accrued and other current liabilities
$43.6M
$27.0M
$73.6M
$44.9M
Derivative liabilities
$71.6M
$104.0M
$37.5M
$19.4M
Carbon credit repurchase liability
$28.6M
$28.7M
—
—
Current maturities of long-term debt
$0
$66.1M
$139.3M
$36.5M
Total current liabilities
$509.4M
$544.7M
$599.1M
$451.1M
Long-term debt
$480.0M
$479.8M
$479.2M
$452.3M
Accrued benefits costs - less current portion
$92.1M
$97.5M
$121.8M
$127.8M
Other liabilities
$114.3M
$116.9M
$102.7M
$96.8M
Deferred taxes
$70.5M
$60.6M
$70.1M
$73.5M
Asset retirement obligations - less current portion
$74.3M
$70.9M
$63.9M
$63.2M
Total noncurrent liabilities
$831.2M
$825.7M
$837.7M
$813.6M
Preferred stock (Note 14)
$0
$0
$0
$0
Common stock (Note 14)
$1.1M
$1.1M
$1.0M
$1.0M
Additional paid-in capital
$2.6B
$2.6B
$2.6B
$2.6B
Treasury stock, at cost
($86.3M)
($86.3M)
($86.3M)
($86.3M)
Accumulated other comprehensive loss
($47.6M)
($48.5M)
($98.6M)
($100.1M)
Accumulated deficit
($1.0B)
($1.3B)
($1.6B)
($1.6B)
Total Century shareholders’ equity
$1.4B
$1.2B
$741.8M
$724.4M
Noncontrolling interests
$131.4M
$133.6M
($44.4M)
($40.1M)
Total equity
$1.5B
$1.3B
$697.4M
$684.3M
Total liabilities and equity
$2.9B
$2.7B
$2.1B
$1.9B
Cash flow statement
Century Aluminum Co cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income (loss)
$15.8M
$320.7M
($52.3M)
—
Unrealized loss (gain) on derivative instruments
$62.8M
($5.0M)
$87.1M
($201.5M)
Depreciation, depletion and amortization
$91.8M
$81.8M
$74.7M
$73.4M
Share-based compensation
$47.0M
—
—
—
Loss on early extinguishment of debt
$7.7M
—
$0
$0
Change in deferred tax provision
($13.7M)
($1.3M)
($30.8M)
$44.2M
Gain on sale of assets
$0
($2.3M)
—
—
Bargain purchase gain
$0
($245.9M)
—
—
Force majeure settlement
$0
($12.3M)
—
—
Lower of cost or NRV inventory adjustment
$8.6M
$2.3M
$0
$39.6M
Net periodic benefit cost
$12.1M
—
—
—
Other non-cash items - net
$7.4M
$9.1M
$3.4M
($22.8M)
Accounts receivable - net
($24.0M)
($18.3M)
$36.9M
$13.7M
Non-trade receivables
($2.1M)
$31.5M
$4.1M
—
Manufacturing credit receivable
($20.7M)
($92.6M)
($59.3M)
—
Due from affiliates
($4.5M)
($4.9M)
($15.5M)
$3.6M
Inventories
$10.8M
($64.3M)
$25.8M
($12.8M)
Prepaid and other current assets
$3.8M
$1.0M
$2.9M
$5.6M
Accounts payable, trade
$1.4M
($50.6M)
($19.4M)
($15.8M)
Due to affiliates
($13.2M)
$26.1M
$51.7M
($43.5M)
Accrued and other current liabilities
$11.6M
($1.2M)
$0
$8.8M
Ravenswood retiree medical settlement
($2.0M)
—
—
—
PBGC settlement
($2.4M)
($300.0K)
($4.5M)
($2.4M)
Other - net
($13.2M)
$3.9M
$2.8M
$1.4M
Net cash provided by (used in) operating activities
$185.0M
($24.6M)
$105.6M
$25.9M
Capital expenditures
($100.2M)
($82.3M)
($95.0M)
($86.3M)
Proceeds from sale of property, plant and equipment
$0
$2.3M
$25.7M
$800.0K
Acquisition of subsidiary net of cash acquired
$0
$0
$11.5M
—
Net cash used in investing activities
($100.2M)
($67.3M)
($57.8M)
($85.5M)
Repayment of Senior Notes due 2028
($250.0M)
—
—
$0
Early redemption premiums paid
($4.7M)
—
$0
$0
Proceeds from issuance of Senior Notes due 2032
$400.0M
—
$0
$0
Payment of deferred financing fees
($6.3M)
$0
$0
($1.5M)
Borrowings under revolving credit facilities
$883.2M
$735.4M
$656.9M
$1.1B
Repayments under revolving credit facilities
($886.1M)
($713.1M)
($771.7M)
($1.1B)
Borrowings under facility agreements
$0
$25.0M
$65.0M
$50.0M
Repayments under Grundartangi casthouse debt facility
($123.2M)
—
—
—
Contributions from joint venture partner
$19.9M
—
—
—
Payments related to tax withholding for share-based compensation
($17.5M)
—
—
—
Carbon credit proceeds
$28.1M
$0
$36.8M
—
Carbon credit repayments
($28.3M)
($10.0M)
—
—
Net cash provided by (used in) financing activities
$15.1M
$37.3M
($13.0M)
$74.4M
CHANGE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH
$99.9M
($54.6M)
$34.8M
$14.8M
Cash, cash equivalents and restricted cash, beginning of year
$35.7M
$90.3M
$55.5M
$40.7M
Cash, cash equivalents and restricted cash, end of year
$135.6M
$35.7M
$90.3M
$55.5M
Century Aluminum Co cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net income
$570.8M
$327.0M
$27.2M
$16.6M
Unrealized loss on derivative instruments
$8.8M
$48.0M
$35.2M
$14.5M
Depreciation, depletion and amortization
$39.6M
$22.7M
$61.6M
$41.4M
Share-based compensation
$11.9M
$9.4M
$14.2M
—
Net periodic benefit cost
$9.5M
$9.5M
—
—
Change in deferred tax provision
$10.4M
$2.2M
($1.2M)
$2.4M
Gain on the sale of Hawesville
($287.9M)
($287.9M)
—
—
Gain on insurance proceeds received for property damage
($3.6M)
($1.0M)
—
—
Other non-cash items - net
$5.6M
$900.0K
$6.0M
$6.6M
Accounts receivable
($40.9M)
($8.9M)
($27.3M)
($15.2M)
Non-trade receivables
($31.7M)
$1.0M
$12.6M
$11.6M
Manufacturing credit receivable
($52.6M)
($25.6M)
($68.5M)
($43.1M)
Due from affiliates
$16.5M
($23.0M)
$9.4M
$11.3M
Inventories
($68.4M)
$6.8M
($16.6M)
$27.5M
Prepaid and other current assets
($7.0M)
$1.1M
$3.7M
$3.5M
Accounts payable, trade
$53.9M
$24.7M
$34.8M
$18.0M
Due to affiliates
$1.1M
($19.8M)
($6.9M)
($11.8M)
Accrued and other current liabilities
$10.5M
($11.0M)
$600.0K
($3.9M)
Other - net
($10.5M)
($7.7M)
($6.8M)
$800.0K
Net cash provided by operating activities
$236.0M
$68.4M
$82.2M
$80.2M
Purchase of property, plant and equipment
($134.4M)
($74.8M)
($65.1M)
($45.0M)
Proceeds from the sale of Hawesville
$200.0M
$200.0M
$15.4M
$11.4M
Insurance proceeds received for property damage
$13.6M
$5.0M
—
—
Net cash provided by (used in) investing activities
$79.2M
$130.2M
($49.7M)
($33.6M)
Borrowings under revolving credit facilities
$265.0M
$160.6M
$712.8M
$586.7M
Repayments under revolving credit facilities
($326.1M)
($155.7M)
($760.2M)
($621.0M)
Repayments under Grundartangi casthouse debt facility
($7.8M)
($7.8M)
($6.8M)
($4.5M)
Payment of incentive compensation withholding taxes
($4.7M)
($4.7M)
—
—
Contributions from joint venture partner
$12.5M
$7.0M
—
—
Net cash used in financing activities
($61.1M)
($600.0K)
$84.6M
($38.8M)
CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH
$254.1M
$198.0M
$117.1M
$7.8M
Cash, cash equivalents and restricted cash, beginning of period
$135.6M
$135.6M
$35.7M
$35.7M
Cash, cash equivalents and restricted cash, end of period