10-Q Filing

NORANDA ALUMINUM HOLDING CORP CIK: 1422105 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001422105-15-000098`
Period End Date	20150331
Filing Date	20150506
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	nor-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 32 Cash Flow Statement 64 Stockholders Equity 12 Comprehensive Income 12

Balance Sheet 74 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	25.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	25.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$51.20M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$23.50M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$79.40M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$20.50M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$102.50M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$112.60M	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Inventories, net	`InventoryNet`	$187.80M	USD	Point-in-time
Inventories, net	`InventoryNet`	$196.70M	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$27.40M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$29.20M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Total current assets	`AssetsCurrent`	$353.10M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$347.10M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	68.90M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	69.20M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$695.00M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$698.80M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	69.20M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	68.90M	shares	Point-in-time
Goodwill	`Goodwill`	$137.60M	USD	Point-in-time
Goodwill	`Goodwill`	$137.60M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$47.80M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$49.30M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$87.80M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$89.10M	USD	Point-in-time
Total assets	`Assets`	$1.33B	USD	Point-in-time
Total assets	`Assets`	$1.32B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$115.60M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$122.60M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$59.10M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$73.00M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesCurrent`	$11.70M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesCurrent`	$11.60M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$11.60M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$12.10M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$205.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$212.30M	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$653.90M	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$656.40M	USD	Point-in-time
Pension and other post-retirement benefit (OPEB) liabilities	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$195.40M	USD	Point-in-time
Pension and other post-retirement benefit (OPEB) liabilities	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$195.80M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$44.80M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$45.90M	USD	Point-in-time
Long-term deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$143.30M	USD	Point-in-time
Long-term deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$146.90M	USD	Point-in-time
Preferred stock (25.0 shares authorized, $0.01 par value; no shares issued and outstanding at March 31, 2014 and December 31, 2014)	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock (25.0 shares authorized, $0.01 par value; no shares issued and outstanding at March 31, 2014 and December 31, 2014)	`PreferredStockValue`	-	USD	Point-in-time
Common stock (200.0 shares authorized; $0.01 par value; 69.2 shares issued and outstanding at March 31, 2014; 68.9 shares issued and outstanding at December 31, 2014)	`CommonStockValue`	$700.00K	USD	Point-in-time
Common stock (200.0 shares authorized; $0.01 par value; 69.2 shares issued and outstanding at March 31, 2014; 68.9 shares issued and outstanding at December 31, 2014)	`CommonStockValue`	$700.00K	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$244.40M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$243.60M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-68.20M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-71.80M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-107.90M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-110.00M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$65.40M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$66.10M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$6.00M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$6.00M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$71.40M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$72.10M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$1.33B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$1.32B	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueGoodsNet`	$345.60M	USD	1 Quarter
Sales	`SalesRevenueGoodsNet`	$311.60M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$312.00M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$302.00M	USD	1 Quarter
Selling, General and Administrative Expense	`SellingGeneralAndAdministrativeExpense`	$22.30M	USD	1 Quarter
Selling, General and Administrative Expense	`SellingGeneralAndAdministrativeExpense`	$20.70M	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$322.70M	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$334.30M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$11.30M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-11.10M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$13.20M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$12.50M	USD	1 Quarter
(Gain) loss on hedging activities, net	`GainLossOnDerivativeInstrumentsNetPretax`	$-300.00K	USD	1 Quarter
(Gain) loss on hedging activities, net	`GainLossOnDerivativeInstrumentsNetPretax`	$-300.00K	USD	1 Quarter
Total other income, net	`NonoperatingIncomeExpense`	$-12.80M	USD	1 Quarter
Total other income, net	`NonoperatingIncomeExpense`	$-13.50M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-23.90M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-2.20M	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-7.10M	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$500.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-2.70M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-16.80M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.25	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.04	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.04	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.25	USD	1 Quarter
Basic (shares, in millions)	`WeightedAverageNumberOfSharesOutstandingBasic`	68.97M	shares	1 Quarter
Basic (shares, in millions)	`WeightedAverageNumberOfSharesOutstandingBasic`	68.23M	shares	1 Quarter
Diluted (shares, in millions)	`WeightedAverageNumberOfDilutedSharesOutstanding`	68.23M	shares	1 Quarter
Diluted (shares, in millions)	`WeightedAverageNumberOfDilutedSharesOutstanding`	68.97M	shares	1 Quarter
Common Stock, Dividends, Per Share, Declared	`CommonStockDividendsPerShareDeclared`	$0.01	USD	1 Quarter
Common Stock, Dividends, Per Share, Declared	`CommonStockDividendsPerShareDeclared`	$0.01	USD	1 Quarter

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-2.70M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-16.80M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$21.70M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$23.00M	USD	1 Quarter
Non-cash interest expense	`AmortizationOfFinancingCostsAndDiscounts`	$700.00K	USD	1 Quarter
Non-cash interest expense	`AmortizationOfFinancingCostsAndDiscounts`	$700.00K	USD	1 Quarter
Last in, first out and lower of cost or market inventory adjustments	`LastInFirstOutAndLowerOfCostOrMarketInventoryAdjustments`	$-200.00K	USD	1 Quarter
Last in, first out and lower of cost or market inventory adjustments	`LastInFirstOutAndLowerOfCostOrMarketInventoryAdjustments`	$-4.80M	USD	1 Quarter
Gain (Loss) on disposal of assets	`GainLossOnSaleOfPropertyPlantEquipment`	$100.00K	USD	1 Quarter
Gain (Loss) on disposal of assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-100.00K	USD	1 Quarter
Gain on hedging activities, excluding cash settlements	`GainLossOnHedgingActivitiesNetOfCashSettlements`	$500.00K	USD	1 Quarter
Gain on hedging activities, excluding cash settlements	`GainLossOnHedgingActivitiesNetOfCashSettlements`	-	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$2.40M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-14.30M	USD	1 Quarter
Share-based Compensation	`ShareBasedCompensation`	$800.00K	USD	1 Quarter
Share-based Compensation	`ShareBasedCompensation`	$700.00K	USD	1 Quarter
Changes in other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$1.60M	USD	1 Quarter
Changes in other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$1.00M	USD	1 Quarter
Changes in pension, other post-retirement and other long-term liabilities	`ChangesInPensionOtherPostRetirementAndOtherLongTermLiabilities`	$700.00K	USD	1 Quarter
Changes in pension, other post-retirement and other long-term liabilities	`ChangesInPensionOtherPostRetirementAndOtherLongTermLiabilities`	$2.70M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$26.00M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$10.10M	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$12.80M	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$-13.40M	USD	1 Quarter
Taxes receivable and taxes payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$7.70M	USD	1 Quarter
Taxes receivable and taxes payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$1.30M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$900.00K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$1.20M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$21.40M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-8.20M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$1.10M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$12.80M	USD	1 Quarter
Cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$29.50M	USD	1 Quarter
Cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-19.50M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$13.10M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$23.50M	USD	1 Quarter
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$200.00K	USD	1 Quarter
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$100.00K	USD	1 Quarter
Cash Provided by (Used in) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-12.90M	USD	1 Quarter
Cash Provided by (Used in) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-23.40M	USD	1 Quarter
Shares tendered for taxes, net of proceeds from issuance of common shares for share-based payment arrangements	`ProceedsFromIssuanceOfCommonStock`	$-400.00K	USD	1 Quarter
Shares tendered for taxes, net of proceeds from issuance of common shares for share-based payment arrangements	`ProceedsFromIssuanceOfCommonStock`	$-200.00K	USD	1 Quarter
Payments of Dividends	`PaymentsOfDividends`	$700.00K	USD	1 Quarter
Payments of Dividends	`PaymentsOfDividends`	$700.00K	USD	1 Quarter
Repayments of Long-term Debt	`RepaymentsOfLongTermDebt`	$1.20M	USD	1 Quarter
Repayments of Long-term Debt	`RepaymentsOfLongTermDebt`	$2.60M	USD	1 Quarter
Borrowings on revolving credit facility	`ProceedsFromLinesOfCredit`	$-72.00M	USD	1 Quarter
Borrowings on revolving credit facility	`ProceedsFromLinesOfCredit`	-	USD	1 Quarter
Repayments on revolving credit facility	`RepaymentsOfLinesOfCredit`	-	USD	1 Quarter
Repayments on revolving credit facility	`RepaymentsOfLinesOfCredit`	$-72.00M	USD	1 Quarter
Borrowings on long-term debt, net	`ProceedsFromIssuanceOfLongTermDebt`	$400.00K	USD	1 Quarter
Borrowings on long-term debt, net	`ProceedsFromIssuanceOfLongTermDebt`	$6.50M	USD	1 Quarter
Cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.10M	USD	1 Quarter
Cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$4.20M	USD	1 Quarter
Change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-28.20M	USD	1 Quarter
Change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.00M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$51.20M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$23.50M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$79.40M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$20.50M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$51.20M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$23.50M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$79.40M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$20.50M	USD	Point-in-time

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Balance, beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$71.40M	USD	Point-in-time
Balance, beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$72.10M	USD	Point-in-time
Net income (loss)	`NetIncomeLoss`	$-2.70M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-16.80M	USD	1 Quarter
Total other comprehensive income, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-2.10M	USD	1 Quarter
Total other comprehensive income, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-1.10M	USD	1 Quarter
Shares tendered for taxes, net of issuance of common shares for share-based payment arrangements	`StockIssuedDuringPeriodValueNewIssues`	$-200.00K	USD	1 Quarter
Stock compensation expense related to equity-based awards	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$800.00K	USD	1 Quarter
Vesting of awards, share-based plans	`AdjustmentsToAdditionalPaidInCapitalOther`	-	USD	1 Quarter
Dividends to shareholders @ $0.01 per share	`DividendsCommonStockCash`	$700.00K	USD	1 Quarter
Balance, end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$71.40M	USD	Point-in-time
Balance, end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$72.10M	USD	Point-in-time

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-2.70M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-16.80M	USD	1 Quarter
Reclassification of pension and OPEB amounts realized in net loss	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax`	$3.20M	USD	1 Quarter
Reclassification of pension and OPEB amounts realized in net loss	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax`	$1.80M	USD	1 Quarter
Total Comprehensive Income (Loss), before Tax	`OtherComprehensiveIncomeLossBeforeTax`	$-3.20M	USD	1 Quarter
Total Comprehensive Income (Loss), before Tax	`OtherComprehensiveIncomeLossBeforeTax`	$-1.80M	USD	1 Quarter
Income tax expense related to components of other comprehensive income	`OtherComprehensiveIncomeLossTax`	$-1.10M	USD	1 Quarter
Income tax expense related to components of other comprehensive income	`OtherComprehensiveIncomeLossTax`	$-700.00K	USD	1 Quarter
Total other comprehensive income, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-2.10M	USD	1 Quarter
Total other comprehensive income, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-1.10M	USD	1 Quarter
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-600.00K	USD	1 Quarter
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-15.70M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.