beatandraise

beta

Latest Financials

Filings:

By Category By Date Search Filings Institutional Holdersbeta Earnings Transcriptsbeta Global Search

Company Exhibits:

Indentures Material Contracts & Credit Agreements Plans of Reorganization Articles and Bylaws Underwriting Agreements

SEC Edgar

KAISER ALUMINUM CORP

SIC 3350 · Rolling Drawing & Extruding Of Nonferrous Metals

$KALU

KAISER ALUMINUM CORP

CIK:0000811596|SEC Filings

STATEMENTS OF CONSOLIDATED COMPREHENSIVE INCOME (UNAUDITED) - USD ($)
$ in Millions

3 Months Ended

6 Months Ended

Jun. 30, 2026

Jun. 30, 2025

Jun. 30, 2026

Jun. 30, 2025

Statement of Comprehensive Income [Abstract]

$ 96.8

$ 23.2

$ 159.3

^[1]

$ 44.8

^[1]

Other comprehensive income (loss), net of tax - Note 7:

Defined benefit plans

0.2

0.4

0.4

0.5

Cash flow hedges

(22.5)

3.7

(17.5)

6.2

Other comprehensive (loss) income, net of tax

(22.3)

4.1

(17.1)

6.7

Comprehensive income

$ 74.5

$ 27.3

$ 142.2

$ 51.5

[1]	See Note 11 for supplemental cash flow information.

STATEMENTS OF CONSOLIDATED CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions

6 Months Ended

Jun. 30, 2026

Jun. 30, 2025

Cash flows from operating activities:

^[1]

$ 159.3

$ 44.8

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation of property, plant and equipment

^[1]

57.8

57.3

Amortization of definite-lived intangible assets

^[1]

2.2

2.3

Amortization of debt issuance costs

^[1]

1.3

1.1

Deferred income taxes

^[1]

36.6

11.2

Non-cash equity compensation

^[1]

10.8

8.9

Non-cash asset impairment charge

^[1]

0.7

(Gain) loss on disposition of property, plant and equipment

^[1]

(4.3)

1.0

Bad debt expense

^[1]

0.1

Non-cash postretirement and postemployment defined benefit plan cost

^[1]

4.2

4.8

Changes in operating assets and liabilities:

^[1]

(151.8)

(75.9)

Contract assets

^[1]

(8.9)

4.3

^[1]

(123.6)

6.3

Prepaid expenses and other current assets

^[1]

(10.8)

(6.7)

Accounts payable

^[1]

229.0

45.7

Accrued liabilities

^[1]

(48.8)

(26.0)

Annual variable cash contributions to Salaried VEBA

^[1]

(2.9)

(0.7)

Long-term assets and liabilities, net

^[1]

(3.5)

(5.5)

Net cash provided by operating activities

^[1]

147.4

72.9

Cash flows from investing activities:

Capital expenditures

^[1]

(43.8)

(81.8)

Purchase of equity securities

^[1]

(0.5)

(0.4)

Proceeds from sale of equity securities

^[1]

0.1

Proceeds from disposition of property, plant and equipment

^[1]

7.6

0.2

Net cash used in investing activities

^[1]

(36.7)

(81.9)

Cash flows from financing activities:

Borrowings under the Revolving Credit Facility

^[1]

397.8

217.6

Repayment of borrowings under the Revolving Credit Facility

^[1]

(420.1)

(184.8)

Repayment of finance lease

^[1]

(1.6)

(1.3)

Cancellation of shares to cover tax withholdings upon common shares issued

^[1]

(8.9)

(1.8)

Cash dividends and dividend equivalents paid

^[1]

(26.4)

(25.7)

Net cash (used in) provided by financing activities

^[1]

(59.2)

4.0

Net increase (decrease) in cash, cash equivalents and restricted cash during the period

51.5

(5.0)

Cash, cash equivalents and restricted cash at beginning of period

26.9

37.9

Cash, cash equivalents and restricted cash at end of period

$ 78.4

$ 32.9

[1]	See Note 11 for supplemental cash flow information.

CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Millions	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 58.5	$ 7.0
Receivables, net	575.0	423.3
Contract assets	72.3	63.4
Inventories	848.1	725.2
Prepaid expenses and other current assets	47.9	42.6
Total current assets	1,601.8	1,261.5
Property, plant and equipment, net	1,143.7	1,145.2
Operating lease assets	23.3	22.4
Deferred tax assets, net	0.0	0.2
Intangible assets, net	38.7	41.0
Goodwill	18.8	18.8
Other assets	83.3	75.7
Total assets	2,909.6	2,564.8
Current liabilities:
Accounts payable	507.2	274.6
Accrued salaries, wages and related expenses	53.6	61.3
Other accrued liabilities	81.1	91.3
Total current liabilities	641.9	427.2
Long-term portion of operating lease liabilities	21.4	21.7
Pension and OPEB	72.3	73.4
Deferred tax liabilities	106.6	75.4
Long-term liabilities	85.3	81.4
Long-term debt, net	1,038.3	1,059.6
Total liabilities	1,965.8	1,738.7
Commitments and contingencies - Note 6
Stockholders’ equity:
Preferred stock, 5,000,000 shares authorized at both June 30, 2026 and December 31, 2025; no shares were issued and outstanding at June 30, 2026 and December 31, 2025	0.0	0.0
Common stock, par value $0.01, 90,000,000 shares authorized at both June 30, 2026 and December 31, 2025; 23,184,378 shares issued and 16,349,092 shares outstanding at June 30, 2026; 23,045,729 shares issued and 16,210,443 shares outstanding at December 31, 2025	0.2	0.2
Additional paid in capital	1,134.4	1,132.5
Retained earnings	275.4	142.5
Treasury stock, at cost, 6,835,286 shares at both June 30, 2026 and December 31, 2025	(475.9)	(475.9)
AOCI	9.7	26.8
Total stockholders’ equity	943.8	826.1
Total liabilities and stockholders' equity	$ 2,909.6	$ 2,564.8