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Century Aluminum cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$357M in Q3 2026 · $526M over twelve months

Operating cash flow$395M
Capital spending−$37.8M
Free cash flow+$357M
Cash / net income1.3×
Cash conversion cycle62 days

Analysis

In Q3 2026, Century Aluminum generated $395M of operating cash flow and spent $37.8M on capital projects, leaving free cash flow of $357M. That is $375M more than in Q3 2025 (−$18.0M).

Over the twelve months to Sep 30, 2026, operating cash flow was $734M; the largest uses were capital spending ($207M), other financing ($116M), taxes on employees’ shares ($22.2M); besides operations, cash came from other investing ($214M), asset & business sales ($100K); the cash balance rose by $602M.

Operating cash flow was $395M against net income of $302M — 1.3× profit, cash ran ahead of reported earnings. The largest differences: payables +$41.6M, receivables +$29.2M, inventory −$24.9M.

Its cash conversion cycle was 62 days (receivables 11 + inventory 84 − payables 33).

Free cash flow

Century Aluminum: free cash flow by quarterCentury Aluminum: free cash flow by quarter−$54.6MQ4 2024$51.1MQ1 2025−$15.9MQ2 2025−$18.0MQ3 2025$67.6MQ4 2025−$6.4MQ1 2026$108MQ2 2026$357MQ3 2026
Operating cash flow less capital spending.
Century Aluminum: operating cash flow against capital spendingCentury Aluminum: operating cash flow against capital spendingOperating cash flowCapital spending−$41.4M$13.2MQ4 2024$72.3M$21.2MQ1 2025$7.9M$23.8MQ2 2025$2.1M$20.1MQ3 2025$103M$35.1MQ4 2025$68.4M$74.8MQ1 2026$168M$59.6MQ2 2026$395M$37.8MQ3 2026
Latest (Q3 2026): Operating cash flow $395M, Capital spending $37.8M.

Capital allocation, year by year

Century Aluminum: where the cash came from (up) and went (down), by fiscal yearCentury Aluminum: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingAsset salesCapital spendingAcquisitionsFY2021: Operating cash flow −$64.7MFY2021: Net borrowing $68.6MFY2021: Asset sales $400KFY2021: Capital spending −$83.0M$69.0MFY2021FY2022: Operating cash flow $25.9MFY2022: Net borrowing −$1.1BFY2022: Asset sales $800KFY2022: Capital spending −$86.3M$26.7MFY2022FY2023: Operating cash flow $106MFY2023: Asset sales $25.7MFY2023: Capital spending −$95.0MFY2023: Acquisitions $11.5M$143MFY2023FY2024: Operating cash flow −$24.6MFY2024: Asset sales $2.3MFY2024: Capital spending −$82.3M$2.3MFY2024FY2025: Operating cash flow $185MFY2025: Net borrowing $150MFY2025: Capital spending −$100M$335MFY2025
Over these 5 years operating cash flow totalled $227M; the largest uses were net borrowing ($1.1B) and capital spending ($447M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$713M
Debtnone
Net cash$713M

Century Aluminum funds itself: free cash flow was $526M over the last twelve months, with $713M of cash and investments and no debt on the balance sheet.

Where the cash came from and went

Century Aluminum: sources (+) and uses (−) of cash, Q3 2026Century Aluminum: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$395MCash drawn (+) / kept (−)−$365MOther investing$200MAsset & business sales−$200MCapital spending−$37.8MOther financing$7.7M
Century Aluminum: sources (+) and uses (−) of cash, TTM to Q3 2026Century Aluminum: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$734MCash drawn (+) / kept (−)−$602MOther investing$214MCapital spending−$207MOther financing−$116MTaxes on employees’ shares−$22.2MAsset & business sales$100K

From profit to cash

Century Aluminum: net income to operating cash flow, Q3 2026Century Aluminum: net income to operating cash flow, Q3 2026Net income$302MDepreciation & amortization$21.3MStock-based pay−$1.1MDeferred taxes$11.4MOther non-cash−$800KReceivables$29.2MInventory−$24.9MPayables$41.6MAccrued liabilities−$11.6MPrepaid and other assets$8.5MOther operating capital−$4.6MOperating cash flow$395M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 202611843362
Q2 202615953674
Q1 202615883370
Q4 202516913374
Q3 202516883371
Q2 202516813166
Q1 202513843067

Every quarter

QuarterOperating cash flowCapital spendingCash drawn (+) / kept (−)Free cash flow
Q3 2026$395M−$37.8M−$365M$357M
Q2 2026$168M−$59.6M−$56.1M$108M
Q1 2026$68.4M−$74.8M−$198M−$6.4M
Q4 2025$103M−$35.1M$17.3M$67.6M
Q3 2025$2.1M−$20.1M−$109M−$18.0M
Q2 2025$7.9M−$23.8M$4.2M−$15.9M
Q1 2025$72.3M−$21.2M−$12.0M$51.1M
Q4 2024−$41.4M−$13.2M−$300K−$54.6M

Century Aluminum: income statement and cash flow

Century Aluminum, Q3 2026: revenue $961M (+52% year over year), operating margin 30.4%. The chart follows the revenue to costs, profit and cash.

Century Aluminum: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.