$KALU
KAISER ALUMINUM CORP Stock $kalu

$kalu Overview Financials Valuation SEC Filings Company Website

2010 Q4 Form 10-Q Financial Statement

#000095012310096210 Filed on October 27, 2010

Income Statement

Concept	2010 Q4	2010 Q3	2009 Q3
Revenue	$265.8M	$263.4M	$252.0M
YoY Change	12.15%	4.52%	-31.74%
Cost Of Revenue	$229.6M	$229.3M	$188.3M
YoY Change	26.02%	21.77%	-50.93%
Gross Profit	$35.60M	$34.50M	$63.70M
YoY Change	-35.04%	-45.84%	-539.31%
Gross Profit Margin	13.39%	13.1%	25.28%
Selling, General & Admin	$15.20M	$16.50M	$17.10M
YoY Change	-14.61%	-3.51%	-13.64%
% of Gross Profit	42.7%	47.83%	26.84%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$5.900M	$4.800M	$4.100M
YoY Change	63.89%	17.07%	10.81%
% of Gross Profit	16.57%	13.91%	6.44%
Operating Expenses	$23.20M	$21.30M	$21.00M
YoY Change	5.94%	1.43%	-4.55%
Operating Profit	$11.60M	$12.30M	$42.60M
YoY Change	-64.74%	-71.13%	-216.71%
Interest Expense	-$4.600M	$3.700M	$200.0K
YoY Change		1750.0%	-166.67%
% of Operating Profit	-39.66%	30.08%	0.47%
Other Income/Expense, Net	-$1.500M	-$3.600M	$100.0K
YoY Change	-400.0%	-3700.0%	-150.0%
Pretax Income	$6.300M	$5.900M	$42.50M
YoY Change	-81.69%	-86.12%	-214.86%
Income Tax	$6.600M	$400.0K	$19.50M
% Of Pretax Income	104.76%	6.78%	45.88%
Net Earnings	-$900.0K	$5.000M	$23.00M
YoY Change	-103.73%	-78.26%	-204.07%
Net Earnings / Revenue	-0.34%	1.9%	9.13%
Basic Earnings Per Share	-$0.05	$0.26	$1.14
Diluted Earnings Per Share	-$0.05	$0.26	$1.14
COMMON SHARES
Basic Shares Outstanding	19.22M shares	18.94M shares	19.98K shares
Diluted Shares Outstanding		18.94M shares	19.98K shares

Balance Sheet

Concept	2010 Q4	2010 Q3	2009 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$135.6M	$143.7M	$34.60M
YoY Change	347.52%	315.32%	3045.45%
Cash & Equivalents	$273.4M	$143.7M	$34.60M
Short-Term Investments
Other Short-Term Assets	$5.200M	$5.200M	$93.00M
YoY Change	136.36%	-94.41%	26.53%
Inventory	$167.5M	$153.3M	$125.6M
Prepaid Expenses	$3.400M
Receivables	$83.00M	$90.20M	$81.10M
Other Receivables	$5.200M	$5.200M	$3.000M
Total Short-Term Assets	$471.4M	$455.8M	$337.3M
YoY Change	56.77%	35.13%	-27.91%
LONG-TERM ASSETS
Property, Plant & Equipment	$354.1M	$356.9M	$332.0M
YoY Change	4.49%	7.5%	21.7%
Goodwill	$3.100M	$3.100M
YoY Change
Intangibles
YoY Change
Long-Term Investments	$4.600M	$4.500M
YoY Change
Other Assets	$83.00M	$76.00M	$366.2M
YoY Change	101.46%	-79.25%	-15.23%
Total Long-Term Assets	$847.5M	$869.9M	$698.2M
YoY Change	7.99%	24.59%	-5.95%
TOTAL ASSETS
Total Short-Term Assets	$471.4M	$455.8M	$337.3M
Total Long-Term Assets	$847.5M	$869.9M	$698.2M
Total Assets	$1.319B	$1.326B	$1.036B
YoY Change	21.5%	28.03%	-14.44%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$50.80M	$48.70M	$71.30M
YoY Change	3.67%	-31.7%	-11.76%
Accrued Expenses	$51.60M	$48.20M	$65.10M
YoY Change	-20.86%	-25.96%	-27.51%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$1.300M	$1.300M
YoY Change
Total Short-Term Liabilities	$142.3M	$138.7M	$136.4M
YoY Change	15.5%	1.69%	-20.05%
LONG-TERM LIABILITIES
Long-Term Debt	$11.80M	$12.10M	$7.100M
YoY Change	66.2%	70.42%	-79.54%
Other Long-Term Liabilities	$134.7M	$126.1M	$65.80M
YoY Change	150.84%	91.64%	20.96%
Total Long-Term Liabilities	$146.5M	$138.2M	$72.90M
YoY Change	140.95%	89.57%	-18.18%
TOTAL LIABILITIES
Total Short-Term Liabilities	$142.3M	$138.7M	$136.4M
Total Long-Term Liabilities	$146.5M	$138.2M	$72.90M
Total Liabilities	$430.2M	$418.0M	$209.3M
YoY Change	133.42%	99.71%	-19.41%
SHAREHOLDERS EQUITY
Retained Earnings	$78.00M	$85.10M
YoY Change	-8.24%
Common Stock	$987.3M	$986.8M
YoY Change	1.99%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$72.30M	$72.30M
YoY Change	157.3%
Treasury Stock Shares	1.725M shares	1.725M shares
Shareholders Equity	$888.7M	$907.7M	$826.2M
YoY Change
Total Liabilities & Shareholders Equity	$1.319B	$1.326B	$1.036B
YoY Change	21.5%	28.03%	-14.44%

Cashflow Statement

Concept	2010 Q4	2010 Q3	2009 Q3
OPERATING ACTIVITIES
Net Income	-$900.0K	$5.000M	$23.00M
YoY Change	-103.73%	-78.26%	-204.07%
Depreciation, Depletion And Amortization	$5.900M	$4.800M	$4.100M
YoY Change	63.89%	17.07%	10.81%
Cash From Operating Activities	$1.000M	$26.70M	$32.60M
YoY Change	-88.24%	-18.1%	-2607.69%
INVESTING ACTIVITIES
Capital Expenditures	-$4.000M	-$17.20M	-$14.40M
YoY Change	-51.22%	19.44%	-36.56%
Acquisitions
YoY Change
Other Investing Activities	$0.00	$4.800M	$6.900M
YoY Change	-100.0%	-30.43%	-281.58%
Cash From Investing Activities	-$4.000M	-$12.40M	-$7.500M
YoY Change	-48.72%	65.33%	-71.7%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-5.100M	-5.000M	-5.000M
YoY Change	2.0%	0.0%	-433.33%
NET CHANGE
Cash From Operating Activities	1.000M	26.70M	32.60M
Cash From Investing Activities	-4.000M	-12.40M	-7.500M
Cash From Financing Activities	-5.100M	-5.000M	-5.000M
Net Change In Cash	-8.100M	9.300M	20.10M
YoY Change	88.37%	-53.73%	-176.43%
FREE CASH FLOW
Cash From Operating Activities	$1.000M	$26.70M	$32.60M
Capital Expenditures	-$4.000M	-$17.20M	-$14.40M
Free Cash Flow	$5.000M	$43.90M	$47.00M
YoY Change	-70.06%	-6.6%	119.63%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2009Q4	kalu	Common Stock Owned By Union Shares CommonStockOwnedByUnionShares	4845465	shares
CY2009Q4	us-gaap	Treasury Stock Shares TreasuryStockShares	572706	shares
CY2009Q4	kalu	Net Liability In Respect Of Union NetLiabilityInRespectOfUnion	300000	USD
CY2009Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	53700000	USD
CY2009Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	7100000	USD
CY2009Q4	us-gaap	Liabilities Liabilities	184300000	USD
CY2009Q4	us-gaap	Common Stock Value CommonStockValue	200000	USD
CY2009Q4	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	967800000	USD
CY2009Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	85000000	USD
CY2009Q4	kalu	Common Stock Owned By Union CommonStockOwnedByUnion	116400000	USD
CY2009Q4	us-gaap	Treasury Stock Value TreasuryStockValue	28100000	USD
CY2009Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-7300000	USD
CY2009Q4	us-gaap	Stockholders Equity StockholdersEquity	901200000	USD
CY2009Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	1085500000	USD
CY2009Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01	USD
CY2009Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	90000000	shares
	dei	Entity Registrant Name EntityRegistrantName	KAISER ALUMINUM CORPORATION
	dei	Entity Central Index Key EntityCentralIndexKey	0000811596
	dei	Document Type DocumentType	10-Q
	dei	Amendment Flag AmendmentFlag	false
	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	Yes
	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2010
	dei	Document Period End Date DocumentPeriodEndDate	2010-09-30
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q3
CY2010Q4	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	19216196	shares
CY2009Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	800000	USD
CY2009Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	30300000	USD
CY2009Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	83700000	USD
CY2009Q4	us-gaap	Due From Related Parties Current DueFromRelatedPartiesCurrent	200000	USD
CY2009Q4	us-gaap	Other Assets Current OtherAssetsCurrent	2200000	USD
CY2009Q4	us-gaap	Inventory Net InventoryNet	125200000	USD
CY2009Q4	kalu	Prepaid Expenses And Other Current Assets PrepaidExpensesAndOtherCurrentAssets	59100000	USD
CY2009Q4	us-gaap	Assets Current AssetsCurrent	300700000	USD
CY2009Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	338900000	USD
CY2009Q4	kalu	Net Asset In Respect Of Union NetAssetInRespectOfUnion	127500000	USD
CY2009Q4	us-gaap	Deferred Tax Assets Net Noncurrent DeferredTaxAssetsNetNoncurrent	277200000	USD
CY2009Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	41200000	USD
CY2009Q4	us-gaap	Assets Assets	1085500000	USD
CY2009Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	49000000	USD
CY2009Q4	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	33100000	USD
CY2009Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	32100000	USD
CY2009Q4	us-gaap	Due To Related Parties Current DueToRelatedPartiesCurrent	9000000	USD
CY2009Q4	us-gaap	Liabilities Current LiabilitiesCurrent	123200000	USD
CY2010Q3	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-7300000	USD
CY2010Q3	us-gaap	Stockholders Equity StockholdersEquity	907700000	USD
CY2010Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	1325700000	USD
CY2010Q3	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	600000	USD
CY2010Q3	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01	USD
CY2010Q3	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	90000000	shares
CY2010Q3	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	19216901	shares
CY2010Q3	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	19216901	shares
CY2010Q3	kalu	Common Stock Owned By Union Shares CommonStockOwnedByUnionShares	3523980	shares
CY2010Q3	us-gaap	Treasury Stock Shares TreasuryStockShares	1724606	shares
CY2010Q3	us-gaap	Due From Related Parties Current DueFromRelatedPartiesCurrent		USD
CY2009Q4	us-gaap	Convertible Debt ConvertibleDebt		USD
CY2009Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	20276571	shares
CY2009Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	20276571	shares
CY2010Q3	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	90200000	USD
CY2010Q3	us-gaap	Other Assets Current OtherAssetsCurrent	5200000	USD
CY2010Q3	us-gaap	Inventory Net InventoryNet	153300000	USD
CY2010Q3	kalu	Prepaid Expenses And Other Current Assets PrepaidExpensesAndOtherCurrentAssets	63400000	USD
CY2010Q3	us-gaap	Assets Current AssetsCurrent	455800000	USD
CY2010Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	356900000	USD
CY2010Q3	kalu	Net Asset In Respect Of Union NetAssetInRespectOfUnion	179600000	USD
CY2010Q3	us-gaap	Deferred Tax Assets Net Noncurrent DeferredTaxAssetsNetNoncurrent	250100000	USD
CY2010Q3	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	76000000	USD
CY2010Q3	us-gaap	Assets Assets	1325700000	USD
CY2010Q3	us-gaap	Accounts Payable Current AccountsPayableCurrent	48700000	USD
CY2010Q3	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	29300000	USD
CY2010Q3	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	39400000	USD
CY2010Q3	us-gaap	Due To Related Parties Current DueToRelatedPartiesCurrent	20000000	USD
CY2010Q3	us-gaap	Liabilities Current LiabilitiesCurrent	138700000	USD
CY2010Q3	kalu	Net Liability In Respect Of Union NetLiabilityInRespectOfUnion	1200000	USD
CY2010Q3	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	126100000	USD
CY2010Q3	us-gaap	Convertible Debt ConvertibleDebt	139900000	USD
CY2010Q3	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	12100000	USD
CY2010Q3	us-gaap	Liabilities Liabilities	418000000	USD
CY2010Q3	us-gaap	Common Stock Value CommonStockValue	200000	USD
CY2010Q3	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	986600000	USD
CY2010Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	85100000	USD
CY2010Q3	kalu	Common Stock Owned By Union CommonStockOwnedByUnion	84600000	USD
CY2010Q3	us-gaap	Treasury Stock Value TreasuryStockValue	72300000	USD
CY2010Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	143700000	USD
CY2010Q3	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	4200000	USD
CY2010Q3	us-gaap	Goodwill Goodwill	3100000	USD
CY2010Q3	us-gaap	Secured Debt Current SecuredDebtCurrent	1300000	USD
CY2010Q3	us-gaap	Sales Revenue Goods Net SalesRevenueGoodsNet	263400000	USD
CY2009Q3	us-gaap	Sales Revenue Goods Net SalesRevenueGoodsNet	252000000	USD
	us-gaap	Sales Revenue Goods Net SalesRevenueGoodsNet	813300000	USD
	us-gaap	Sales Revenue Goods Net SalesRevenueGoodsNet	750000000	USD
CY2010Q3	us-gaap	Cost Of Goods Sold CostOfGoodsSold	229300000	USD
CY2009Q3	us-gaap	Cost Of Goods Sold CostOfGoodsSold	188300000	USD
	us-gaap	Cost Of Goods Sold CostOfGoodsSold	717200000	USD
	us-gaap	Cost Of Goods Sold CostOfGoodsSold	584200000	USD
CY2009Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	100000	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-2700000	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense		USD
CY2010Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	5900000	USD
CY2009Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	42500000	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	22100000	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	84200000	USD
CY2010Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	400000	USD
CY2009Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	19500000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	7700000	USD
	us-gaap	Inventory Write Down InventoryWriteDown	9300000	USD
	us-gaap	Equity Method Investment Other Than Temporary Impairment EquityMethodInvestmentOtherThanTemporaryImpairment	1800000	USD
CY2010Q3	us-gaap	Restructuring Settlement And Impairment Provisions RestructuringSettlementAndImpairmentProvisions	-400000	USD
CY2009Q3	us-gaap	Restructuring Settlement And Impairment Provisions RestructuringSettlementAndImpairmentProvisions	100000	USD
	us-gaap	Restructuring Settlement And Impairment Provisions RestructuringSettlementAndImpairmentProvisions	-900000	USD
	us-gaap	Restructuring Settlement And Impairment Provisions RestructuringSettlementAndImpairmentProvisions	6400000	USD
CY2010Q3	us-gaap	Depreciation And Amortization DepreciationAndAmortization	4800000	USD
CY2009Q3	us-gaap	Depreciation And Amortization DepreciationAndAmortization	3900000	USD
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	13800000	USD
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	12300000	USD
CY2010Q3	kalu	Selling Administrative Research And Development And General Expenses SellingAdministrativeResearchAndDevelopmentAndGeneralExpenses	16500000	USD
CY2009Q3	kalu	Selling Administrative Research And Development And General Expenses SellingAdministrativeResearchAndDevelopmentAndGeneralExpenses	17100000	USD
	kalu	Selling Administrative Research And Development And General Expenses SellingAdministrativeResearchAndDevelopmentAndGeneralExpenses	49200000	USD
	kalu	Selling Administrative Research And Development And General Expenses SellingAdministrativeResearchAndDevelopmentAndGeneralExpenses	52100000	USD
CY2010Q3	us-gaap	Other Operating Income OtherOperatingIncome		USD
CY2009Q3	us-gaap	Other Operating Income OtherOperatingIncome		USD
	us-gaap	Other Operating Income OtherOperatingIncome	-2000000	USD
	us-gaap	Other Operating Income OtherOperatingIncome	900000	USD
CY2010Q3	us-gaap	Costs And Expenses CostsAndExpenses	250200000	USD
CY2009Q3	us-gaap	Costs And Expenses CostsAndExpenses	209400000	USD
	us-gaap	Costs And Expenses CostsAndExpenses	781300000	USD
	us-gaap	Costs And Expenses CostsAndExpenses	665200000	USD
CY2010Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	13200000	USD
CY2009Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	42600000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	32000000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	84800000	USD
CY2010Q3	us-gaap	Interest Expense InterestExpense	3700000	USD
CY2009Q3	us-gaap	Interest Expense InterestExpense	200000	USD
	us-gaap	Interest Expense InterestExpense	7200000	USD
	us-gaap	Interest Expense InterestExpense	600000	USD
CY2010Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-3600000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	37800000	USD
CY2010Q3	us-gaap	Net Income Loss NetIncomeLoss	5500000	USD
CY2009Q3	us-gaap	Net Income Loss NetIncomeLoss	23000000	USD
	us-gaap	Net Income Loss NetIncomeLoss	14400000	USD
	us-gaap	Net Income Loss NetIncomeLoss	46400000	USD
CY2010Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.29
CY2009Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.14
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.74
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	2.31
CY2010Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.29
CY2009Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.14
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.74
	us-gaap	Payments To Acquire Productive Assets PaymentsToAcquireProductiveAssets	51000000	USD
	us-gaap	Increase Decrease In Restricted Cash IncreaseDecreaseInRestrictedCash	-18100000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-32900000	USD
	us-gaap	Proceeds From Long Term Lines Of Credit ProceedsFromLongTermLinesOfCredit	99800000	USD
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	2.31
CY2010Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	18941	shares
CY2009Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	19982	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	19499	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	19568	shares
CY2010Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	18941	shares
CY2009Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	19982	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	19499	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	19568	shares
CY2010Q3	us-gaap	Warrants And Rights Outstanding WarrantsAndRightsOutstanding	14300000	USD
	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	-44200000	USD
	us-gaap	Available For Sale Securities Change In Net Unrealized Holding Gain Loss AvailableForSaleSecuritiesChangeInNetUnrealizedHoldingGainLoss	200000	USD
	kalu	Amortization Of Unearned Equity Compensation AmortizationOfUnearnedEquityCompensation	3900000	USD
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	14400000	USD
	kalu	Union Shares Sold UnionSharesSold	32500000	USD
	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	-14300000	USD
	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease	-200000	USD
	kalu	Issuance Of Common Shares To Directors IssuanceOfCommonSharesToDirectors	200000	USD
	us-gaap	Stock Repurchased And Retired During Period Value StockRepurchasedAndRetiredDuringPeriodValue	-300000	USD
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	12800000	USD
	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	35300000	USD
	us-gaap	Excess Tax Benefit From Share Based Compensation Operating Activities ExcessTaxBenefitFromShareBasedCompensationOperatingActivities	-100000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	8300000	USD
	kalu	Net Non Cash Lifo Charges And Lower Of Cost Or Market Inventory Write Down NetNonCashLifoChargesAndLowerOfCostOrMarketInventoryWriteDown	3000000	USD
	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	49400000	USD
	us-gaap	Asset Impairment Charges AssetImpairmentCharges	2100000	USD
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	kalu	Cash Convertible Senior Notes And Related Transactions CashConvertibleSeniorNotesAndRelatedTransactions	<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">7</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">.</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;"> </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Cash Convertible </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Senior </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Notes</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;"> and Related Transactions</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:18px;">Indenture</font><font style="font-family:Times New Roman;font-size:10pt;">. </font><font style="font-family:Times New Roman;font-size:10pt;">On March 29, 2010, the Company issued $175.0 aggregate principal amou</font><font style="font-family:Times New Roman;font-size:10pt;">nt of the Notes pursuant to an i</font><font style="font-family:Times New Roman;font-size:10pt;">ndenture by and between the Company and Wells Fargo Bank, National Association, as trustee (the “Indenture”). Net proceeds from this transaction were approximately $169.2, after deducting the initial purchasers' discounts and transaction fees and expenses. The Notes bear </font><font style="font-family:Times New Roman;font-size:10pt;">a </font><font style="font-family:Times New Roman;font-size:10pt;">stated interest rate of 4.50% per year. As descri</font><font style="font-family:Times New Roman;font-size:10pt;">bed in Note 1</font><font style="font-family:Times New Roman;font-size:10pt;">, the Company account</font><font style="font-family:Times New Roman;font-size:10pt;">s</font><font style="font-family:Times New Roman;font-size:10pt;"> for the Bifurcated Conversion Feature of the Notes as a derivative instrument. The fair value of the Bifurcated Conversion Feature on the issuance date of the Notes was recorded as the original issue discount for purposes of accounting for the debt component of the Notes. Therefore, interest expense greater than the </font><font style="font-family:Times New Roman;font-size:10pt;">interest</font><font style="font-family:Times New Roman;font-size:10pt;"> rate of 4.50% will be recognized over the term of the Notes, primarily due to the accretion of the discounted carrying value of the Notes to their face amount. The initial purchasers' discounts and transaction fees and expenses totaling $5.8 were capitalized as deferred financing costs and will be amortized over the term of the Notes using the effective interest method. The effective interest rate of the Notes is approximately 11% per annum. Interest is payable semi-annually in arrears on April 1 and October 1 of each year, beginning on October 1, 2010. The Notes will mature on April 1, 2015, subject to </font><font style="font-family:Times New Roman;font-size:10pt;">earlier repurchase or conversion upon the occurrence of certain events. Holders may convert their Notes before January 1, 2015, </font><font style="font-family:Times New Roman;font-size:10pt;">only </font><font style="font-family:Times New Roman;font-size:10pt;">in certain circumstances determined by (i) the market price of the Company's common stock, (ii) the trading price of the Notes</font><font style="font-family:Times New Roman;font-size:10pt;">,</font><font style="font-family:Times New Roman;font-size:10pt;"> or (iii) the occurrence of specified corporate events. The Notes can be converted by the holders at any time on or after January 1, 2015 until the close of business on the second scheduled trading date immediately preceding the maturity date of the Notes. The Notes are subject to repurchase by the Company at the option of the holders following a fundamental change, as defined in the Indenture, </font><font style="font-family:Times New Roman;font-size:10pt;">including, but not limited to, (i) certain ownership change</font><font style="font-family:Times New Roman;font-size:10pt;">s</font><font style="font-family:Times New Roman;font-size:10pt;">, (ii) certain </font><font style="font-family:Times New Roman;font-size:10pt;">recapitalizations, </font><font style="font-family:Times New Roman;font-size:10pt;">mergers</font><font style="font-family:Times New Roman;font-size:10pt;"> and dispositions</font><font style="font-family:Times New Roman;font-size:10pt;">, </font><font style="font-family:Times New Roman;font-size:10pt;">(iii) approval of any plan or proposal for the </font><font style="font-family:Times New Roman;font-size:10pt;">liquidation, or dissolution of our company, </font><font style="font-family:Times New Roman;font-size:10pt;">and </font><font style="font-family:Times New Roman;font-size:10pt;">(i</font><font style="font-family:Times New Roman;font-size:10pt;">v</font><font style="font-family:Times New Roman;font-size:10pt;">) our common stock</font><font style="font-family:Times New Roman;font-size:10pt;"> ceasing to be listed on any of The New York Stock Exchange, The NASDAQ Global Select Market or The NASDAQ Global Market</font><font style="font-family:Times New Roman;font-size:10pt;">, </font><font style="font-family:Times New Roman;font-size:10pt;">at a price equal to 100% of the principal amount of the Notes plus accrued and unpaid interest up to the fundamental change repurchase date. The Notes have an initial conversion rate of 20.6949 shares of common stock per</font><font style="font-family:Times New Roman;font-size:10pt;"> (in whole dollars)</font><font style="font-family:Times New Roman;font-size:10pt;"> $1,000 principal amount of the Notes (equivalent to an initial conversion price of $48.32 per share, representing a 26% conversion premium over the closing price of $38.35 per share of the Company's common stock on March 23, 2010), subject to adjustment, </font><font style="font-family:Times New Roman;font-size:10pt;">based on the occurrence of certain events, including, but not limited to, </font><font style="font-family:Times New Roman;font-size:10pt;">(i) </font><font style="font-family:Times New Roman;font-size:10pt;">the issuance of certain dividends on our common stock, </font><font style="font-family:Times New Roman;font-size:10pt;">(ii) </font><font style="font-family:Times New Roman;font-size:10pt;">the issuance of certain rights, options or warrants,</font><font style="font-family:Times New Roman;font-size:10pt;"> (iii) the effectuation of share splits or combinations</font><font style="font-family:Times New Roman;font-size:10pt;">, </font><font style="font-family:Times New Roman;font-size:10pt;">(iv</font><font style="font-family:Times New Roman;font-size:10pt;">) </font><font style="font-family:Times New Roman;font-size:10pt;">certain distributions of property and </font><font style="font-family:Times New Roman;font-size:10pt;">(</font><font style="font-family:Times New Roman;font-size:10pt;">v) </font><font style="font-family:Times New Roman;font-size:10pt;">certain issuer tender or exchange offers as described in the Indenture, </font><font style="font-family:Times New Roman;font-size:10pt;">with the amount due on conversion payable in cash. The Notes are not convertible into the Company's common stock or any other securities under any circumstances.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:14.4px;">Convertible Note Hedge Transactions</font><font style="font-family:Times New Roman;font-size:10pt;">. </font><font style="font-family:Times New Roman;font-size:10pt;">On March 23 and March 26, 2010, the Company purchased</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">the </font><font style="font-family:Times New Roman;font-size:10pt;">Call Options from several financial institutions (the “Option Counterparties”). The Call Options have an exercise price equal to the conversion price of the Notes, subject to anti-dilution adjustments substantially similar to the anti-dilution adjustments for the Notes. The Call Options will expire upon the maturity of the Notes. The Company paid an aggregate amount of approximately $31.4 to the Option Counterparties for the Call Options.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:14.4px;">The Call Options are expected to generally reduce the Company's exposure to potential cash payments in excess of the principal amount of the Notes that it may be required to make upon the conversion of the Notes. If the market price per share of the Company's common stock at the time of cash conversion of any Notes is above the strike price of the Call Options (which strike price is initially equal to the initial conversion price of the Notes of approximately $48.32 per share of the Company's common stock), the Call Options will entitle the Company to receive from the Option Counterparties in the aggregate the same amount of cash as it would be required to deliver to the holder of the converted Notes in excess of the principal amount thereof.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:14.4px;">Warrant Transactions</font><font style="font-family:Times New Roman;font-size:10pt;">. </font><font style="font-family:Times New Roman;font-size:10pt;">On March 23 and March 26, 2010, the Company also entered into warrant transactions pursuant to which the Company sold to the Option Counterparties net-share-settled warrants (the “Warrants”) </font><font style="font-family:Times New Roman;font-size:10pt;">relating to </font><font style="font-family:Times New Roman;font-size:10pt;">approximately 3.6 million shares of the Company's common stock. The warrants expire on July 1, 2015. The Option Counterparties paid an aggregate amount of approximately $14.3 to the Company for the Warrants.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:14.4px;">If the market price per share of the Company's common stock, as measured under the terms of the Warrants, exceeds the strike price of the Warrants, which is initially equal to $61.36 per share (representing a 60% premium over the closing price of $38.35 per share of the Company's common stock on March 23, 2010), the Company will issue to the Option Counterparties shares of the Company's common stock having a value equal to such excess, as measured under the terms of the Warrants. The Warrants may not be exercised prior to the expiration date.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:14.4px;">Other</font><font style="font-family:Times New Roman;font-size:10pt;">. </font><font style="font-family:Times New Roman;font-size:10pt;">The Call Options and Warrant transactions are separate transactions entered into by the Company with the Option Counterparties, and are not part of the </font><font style="font-family:Times New Roman;font-size:10pt;">terms of the </font><font style="font-family:Times New Roman;font-size:10pt;">Notes and do not affect the rights of holders under the Notes.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:14.4px;">As described in Note 1</font><font style="font-family:Times New Roman;font-size:10pt;">, the Bifurcated</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">C</font><font style="font-family:Times New Roman;font-size:10pt;">onversion </font><font style="font-family:Times New Roman;font-size:10pt;">F</font><font style="font-family:Times New Roman;font-size:10pt;">eature of the Notes meets the definition of a derivative under ASC 815 and requires bifurcation from the Notes for accounting purposes. The Call Options also meet the definition of derivatives under ASC 815. As such, the Company accounts for both instruments as derivatives and marks to market both instruments </font><font style="font-family:Times New Roman;font-size:10pt;">at the end of </font><font style="font-family:Times New Roman;font-size:10pt;">each reporting period. At </font><font style="font-family:Times New Roman;font-size:10pt;">September 30,</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">2010</font><font style="font-family:Times New Roman;font-size:10pt;">, the Bifurcated Conversion Feature had a fair value of </font><font style="font-family:Times New Roman;font-size:10pt;">$45.7</font><font style="font-family:Times New Roman;font-size:10pt;"> and was recorded as a long-</font><font style="font-family:Times New Roman;font-size:10pt;">term derivative liability, and the Call Options had a fair value of </font><font style="font-family:Times New Roman;font-size:10pt;">$36.1</font><font style="font-family:Times New Roman;font-size:10pt;"> and were recorded </font><font style="font-family:Times New Roman;font-size:10pt;">as long-</font><font style="font-family:Times New Roman;font-size:10pt;">term derivative assets (Note </font><font style="font-family:Times New Roman;font-size:10pt;">6</font><font style="font-family:Times New Roman;font-size:10pt;">).</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:14.4px;">The Warrants meet the definition of derivatives under ASC 815; however, because </font><font style="font-family:Times New Roman;font-size:10pt;">the Warrants</font><font style="font-family:Times New Roman;font-size:10pt;"> have been determined to be indexed to the Company's common stock and to have met the requirement to be classified as equity instruments, </font><font style="font-family:Times New Roman;font-size:10pt;">they</font><font style="font-family:Times New Roman;font-size:10pt;"> are not subject to the fair value provisions of ASC 815 (</font><font style="font-family:Times New Roman;font-size:10pt;">Note 14</font><font style="font-family:Times New Roman;font-size:10pt;">).</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:14.4px;">At </font><font style="font-family:Times New Roman;font-size:10pt;">September 30, 2010</font><font style="font-family:Times New Roman;font-size:10pt;">, the carrying value of the Notes was </font><font style="font-family:Times New Roman;font-size:10pt;">$139.9</font><font style="font-family:Times New Roman;font-size:10pt;">,</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">which consists of $175.0 face amount net of </font><font style="font-family:Times New Roman;font-size:10pt;">$35.1 </font><font style="font-family:Times New Roman;font-size:10pt;">of debt discount. The fa</font><font style="font-family:Times New Roman;font-size:10pt;">ir value of the Notes was </font><font style="font-family:Times New Roman;font-size:10pt;">$195.0</font><font style="font-family:Times New Roman;font-size:10pt;">. The fair value of the Notes was </font><font style="font-family:Times New Roman;font-size:10pt;">based on the closing</font><font style="font-family:Times New Roman;font-size:10pt;"> price of the Notes </font><font style="font-family:Times New Roman;font-size:10pt;">on</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">September</font><font style="font-family:Times New Roman;font-size:10pt;"> 30, 2010</font><font style="font-family:Times New Roman;font-size:10pt;"> which was a </font><font style="font-family:Times New Roman;font-size:10pt;">L</font><font style="font-family:Times New Roman;font-size:10pt;">evel 1 input in the fair value hierarchy in which the fair value measurement fell</font><font style="font-family:Times New Roman;font-size:10pt;">. </font><font style="font-family:Times New Roman;font-size:10pt;">Total </font><font style="font-family:Times New Roman;font-size:10pt;">interest expense </font><font style="font-family:Times New Roman;font-size:10pt;">related to the Notes </font><font style="font-family:Times New Roman;font-size:10pt;">for the quarter </font><font style="font-family:Times New Roman;font-size:10pt;">and nine months ended September 30,</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">2010</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">w</font><font style="font-family:Times New Roman;font-size:10pt;">ere</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">$</font><font style="font-family:Times New Roman;font-size:10pt;">3.8</font><font style="font-family:Times New Roman;font-size:10pt;"> and $</font><font style="font-family:Times New Roman;font-size:10pt;">7.5</font><font style="font-family:Times New Roman;font-size:10pt;">, respectively</font><font style="font-family:Times New Roman;font-size:10pt;">, a portion</font><font style="font-family:Times New Roman;font-size:10pt;"> of which w</font><font style="font-family:Times New Roman;font-size:10pt;">as</font><font style="font-family:Times New Roman;font-size:10pt;"> capitalized as Construction in progress</font><font style="font-family:Times New Roman;font-size:10pt;">.</font></p>

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$KALU
KAISER ALUMINUM CORP Stock $kalu

2010 Q4 Form 10-Q Financial Statement

#000095012310096210 Filed on October 27, 2010

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$KALU KAISER ALUMINUM CORP Stock $kalu

2010 Q4 Form 10-Q Financial Statement

#000095012310096210 Filed on October 27, 2010

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$KALU
KAISER ALUMINUM CORP Stock $kalu