KAISER ALUMINUM CORP

For the period ended Dec 31, 2023. Filed Feb 23, 2024.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 23, 2024

KALU$111.57+4.4%Stored close · as of Nov 9, 2026

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Contents

Item 8. Consolidated Balance Sheets

	As of December 31,
	2023	2022
(In millions of dollars, except shareand per share amounts)
ASSETS
Current assets:
Cash and cash equivalents	$82.4	$57.4
Receivables:
Trade receivables, net	325.2	297.2
Other	12.4	73.5
Contract assets	58.5	58.6
Inventories	477.2	525.4
Prepaid expenses and other current assets	34.5	30.5
Total current assets	990.2	1,042.6
Property, plant and equipment, net	1,052.1	1,013.2
Operating lease assets	32.6	39.1
Deferred tax assets, net	6.0	7.5
Intangible assets, net	50.0	55.3
Goodwill	18.8	18.8
Other assets	117.7	112.3
Total assets	$2,267.4	$2,288.8
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$252.7	$305.1
Accrued salaries, wages and related expenses	53.0	45.2
Other accrued liabilities	64.3	68.4
Total current liabilities	370.0	418.7
Long-term portion of operating lease liabilities	29.2	35.4
Pension and other postretirement benefits	76.8	69.3
Net liabilities of Salaried VEBA	3.8	16.5
Deferred tax liabilities	13.9	4.9
Long-term liabilities	81.7	74.7
Long-term debt, net	1,039.8	1,038.1
Total liabilities	1,615.2	1,657.6
Stockholders’ equity:
Preferred stock, 5,000,000 shares authorized at both December 31, 2023 and December 31, 2022; no shares were issued and outstanding at December 31, 2023 and December 31, 2022	—	—
Common stock, par value $0.01, 90,000,000 shares authorized at both December 31, 2023 and December 31, 2022; 22,851,077 shares issued and 16,015,791 shares outstanding at December 31, 2023; 22,776,042 shares issued and 15,940,756 shares outstanding at December 31, 2022	0.2	0.2
Additional paid in capital	1,104.7	1,090.4
Retained earnings	10.1	13.3
Treasury stock, at cost, 6,835,286 shares at both December 31, 2023 and December 31, 2022	(475.9)	(475.9)
Accumulated other comprehensive income	13.1	3.2
Total stockholders’ equity	652.2	631.2
Total liabilities and stockholders' equity	$2,267.4	$2,288.8

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