XML 53 R106.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidating Balance Sheet (Details) (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Current assets:        
Cash and cash equivalents $ 227,790 $ 418,855 $ 316,430 $ 6,929
Trade accounts receivable, net (Note 2) 52,430 70,679    
Inventory 287,376 111,943    
Deferred charges 9,412 7,318    
Deferred tax assets 9,789 0    
Income tax receivable 25,087 10,514    
Prepaid expenses and other current assets 21,794 19,735    
Total current assets 633,678 639,044    
Non-current assets:        
Deposits 26,769 23,286    
Property, plant and equipment, net 1,544,304 561,628    
Inventory 26,096 4,362    
Intangible assets, net 450,938 3,072    
Investments 64,036 20,000    
Deferred tax assets 0      
Goodwill 239,742 3,432 0  
Investments in consolidated subsidiaries 0 0    
Intercompany accounts receivable 0 0    
Other non-current assets 6,972 301    
Total non-current assets 2,358,857 616,081    
Total assets 2,992,535 1,255,125    
Current liabilities:        
Trade accounts payable 241,994 161,587    
Accrued expenses 59,013 12,898    
Income tax payable 15,267 0    
Deferred tax liabilities 0 1,356    
Debt and capital lease obligations 39,604 1,516    
Short-term borrowings-related party   870    
Other current liabilities 3,539 1,266    
Current portion of asset retirement obligation   396    
Total current liabilities 359,417 178,623    
Non-current liabilities:        
Asset retirement obligation 18,586 15,145    
Deferred tax liabilities 160,675 18,899    
Debt and capital lease obligations 1,188,832 196,545    
Derivative liability 7,816 0    
Pension liabilities 3,292 0    
Intercompany accounts payable 0 0    
Other non-current liabilities 2,659 683    
Total non-current liabilities 1,381,860 231,272    
Total liabilities 1,741,277 409,895    
Stockholders’ equity:        
Common stock 139 84    
Preferred stock 2 2    
Additional paid-in capital 1,691,429 838,547    
Accumulated other comprehensive loss (9,433) (8,481)    
(Deficit) retained earnings (466,091) 15,078    
Total Molycorp stockholders’ equity 1,216,046 845,230    
Noncontrolling interests 35,212 0    
Total stockholders’ equity 1,251,258 845,230 446,513 74,615
Total liabilities and stockholders’ equity 2,992,535 1,255,125    
Parent
       
Current assets:        
Cash and cash equivalents 16,560 407,446 316,430 0
Trade accounts receivable, net (Note 2) 0 0    
Inventory 0 0    
Deferred charges 0 0    
Deferred tax assets 0      
Income tax receivable 0 0    
Prepaid expenses and other current assets 0 0    
Total current assets 16,560 407,446    
Non-current assets:        
Deposits 1,752 1,751    
Property, plant and equipment, net 0 0    
Inventory 0 0    
Intangible assets, net 0 0    
Investments 0 0    
Deferred tax assets 6,030      
Goodwill 0 0    
Investments in consolidated subsidiaries 883,319 150,510    
Intercompany accounts receivable 1,539,877 476,711    
Other non-current assets 0 0    
Total non-current assets 2,430,978 628,972    
Total assets 2,447,538 1,036,418    
Current liabilities:        
Trade accounts payable 0 0    
Accrued expenses 14,872 311    
Income tax payable 0      
Deferred tax liabilities 0 0    
Debt and capital lease obligations 0 0    
Short-term borrowings-related party   0    
Other current liabilities 0      
Current portion of asset retirement obligation   0    
Total current liabilities 14,872 311    
Non-current liabilities:        
Asset retirement obligation 0 0    
Deferred tax liabilities 0 0    
Debt and capital lease obligations 1,166,777 190,877    
Derivative liability 0      
Pension liabilities 0      
Intercompany accounts payable 49,843 0    
Other non-current liabilities 0 0    
Total non-current liabilities 1,216,620 190,877    
Total liabilities 1,231,492 191,188    
Stockholders’ equity:        
Common stock 139 84    
Preferred stock 2 2    
Additional paid-in capital 1,691,429 838,547    
Accumulated other comprehensive loss (9,433) (8,481)    
(Deficit) retained earnings (466,091) 15,078    
Total Molycorp stockholders’ equity 1,216,046      
Noncontrolling interests 0      
Total stockholders’ equity 1,216,046 845,230    
Total liabilities and stockholders’ equity 2,447,538 1,036,418    
Guarantor Subsidiaries
       
Current assets:        
Cash and cash equivalents 18,020 10,758 0 6,929
Trade accounts receivable, net (Note 2) 7,738 58,619    
Inventory 49,416 52,246    
Deferred charges 2,203 7,318    
Deferred tax assets 0      
Income tax receivable 25,087 10,514    
Prepaid expenses and other current assets 9,085 17,845    
Total current assets 111,549 157,300    
Non-current assets:        
Deposits 24,862 21,362    
Property, plant and equipment, net 1,377,147 500,612    
Inventory 26,096 4,362    
Intangible assets, net 508 573    
Investments 45,241 20,000    
Deferred tax assets 0      
Goodwill 0 1,977    
Investments in consolidated subsidiaries 97,960 118,879    
Intercompany accounts receivable 207,035 25,870    
Other non-current assets 885 301    
Total non-current assets 1,779,734 693,936    
Total assets 1,891,283 851,236    
Current liabilities:        
Trade accounts payable 191,769 139,408    
Accrued expenses 10,087 11,072    
Income tax payable 0      
Deferred tax liabilities 1,942 1,356    
Debt and capital lease obligations 352 0    
Short-term borrowings-related party   870    
Other current liabilities 3,539      
Current portion of asset retirement obligation   396    
Total current liabilities 207,689 153,102    
Non-current liabilities:        
Asset retirement obligation 18,586 15,145    
Deferred tax liabilities 23,130 18,899    
Debt and capital lease obligations 15,163 0    
Derivative liability 0      
Pension liabilities 0      
Intercompany accounts payable 1,577,363 489,180    
Other non-current liabilities 1,102 683    
Total non-current liabilities 1,635,344 523,907    
Total liabilities 1,843,033 677,009    
Stockholders’ equity:        
Common stock 0 0    
Preferred stock 0 0    
Additional paid-in capital 149,857 149,857    
Accumulated other comprehensive loss 0 0    
(Deficit) retained earnings (101,607) 24,370    
Total Molycorp stockholders’ equity 48,250      
Noncontrolling interests 0      
Total stockholders’ equity 48,250 174,227    
Total liabilities and stockholders’ equity 1,891,283 851,236    
Non-Guarantor Subsidiaries
       
Current assets:        
Cash and cash equivalents 193,210 651 0  
Trade accounts receivable, net (Note 2) 44,692 12,060    
Inventory 237,960 59,697    
Deferred charges 7,209 0    
Deferred tax assets 11,731      
Income tax receivable 0 0    
Prepaid expenses and other current assets 12,709 1,890    
Total current assets 507,511 74,298    
Non-current assets:        
Deposits 155 173    
Property, plant and equipment, net 167,157 61,016    
Inventory 0 0    
Intangible assets, net 450,430 2,499    
Investments 18,795 0    
Deferred tax assets 0      
Goodwill 239,742 1,455    
Investments in consolidated subsidiaries 0 0    
Intercompany accounts receivable 794 0    
Other non-current assets 6,087 0    
Total non-current assets 883,160 65,143    
Total assets 1,390,671 139,441    
Current liabilities:        
Trade accounts payable 50,225 22,179    
Accrued expenses 34,054 1,515    
Income tax payable 15,267      
Deferred tax liabilities 0 0    
Debt and capital lease obligations 39,252 1,516    
Short-term borrowings-related party   0    
Other current liabilities 0      
Current portion of asset retirement obligation   0    
Total current liabilities 138,798 25,210    
Non-current liabilities:        
Asset retirement obligation 0 0    
Deferred tax liabilities 143,575 0    
Debt and capital lease obligations 6,892 5,668    
Derivative liability 7,816      
Pension liabilities 3,292      
Intercompany accounts payable 120,500 13,401    
Other non-current liabilities 1,557 0    
Total non-current liabilities 283,632 19,069    
Total liabilities 422,430 44,279    
Stockholders’ equity:        
Common stock 0 0    
Preferred stock 0 0    
Additional paid-in capital 1,283,863 91,158    
Accumulated other comprehensive loss (9,433) (8,481)    
(Deficit) retained earnings (341,401) 12,485    
Total Molycorp stockholders’ equity 933,029      
Noncontrolling interests 35,212      
Total stockholders’ equity 968,241 95,162    
Total liabilities and stockholders’ equity 1,390,671 139,441    
Eliminations
       
Current assets:        
Cash and cash equivalents 0 0 0 0
Trade accounts receivable, net (Note 2) 0 0    
Inventory 0 0    
Deferred charges 0 0    
Deferred tax assets (1,942)      
Income tax receivable 0 0    
Prepaid expenses and other current assets 0 0    
Total current assets (1,942) 0    
Non-current assets:        
Deposits 0 0    
Property, plant and equipment, net 0 0    
Inventory 0 0    
Intangible assets, net 0 0    
Investments    0    
Deferred tax assets (6,030)      
Goodwill 0 0    
Investments in consolidated subsidiaries (981,279) (269,389)    
Intercompany accounts receivable (1,747,706) (502,581)    
Other non-current assets 0 0    
Total non-current assets (2,735,015) (771,970)    
Total assets (2,736,957) (771,970)    
Current liabilities:        
Trade accounts payable 0 0    
Accrued expenses 0 0    
Income tax payable 0      
Deferred tax liabilities (1,942) 0    
Debt and capital lease obligations 0 0    
Short-term borrowings-related party   0    
Other current liabilities 0      
Current portion of asset retirement obligation   0    
Total current liabilities (1,942) 0    
Non-current liabilities:        
Asset retirement obligation 0 0    
Deferred tax liabilities (6,030) 0    
Debt and capital lease obligations 0 0    
Derivative liability 0      
Pension liabilities 0      
Intercompany accounts payable (1,747,706) (502,581)    
Other non-current liabilities 0 0    
Total non-current liabilities (1,753,736) (502,581)    
Total liabilities (1,755,678) (502,581)    
Stockholders’ equity:        
Common stock 0 0    
Preferred stock 0 0    
Additional paid-in capital (1,433,720) (241,015)    
Accumulated other comprehensive loss 9,433 8,481    
(Deficit) retained earnings 443,008 (36,855)    
Total Molycorp stockholders’ equity (981,279)      
Noncontrolling interests 0      
Total stockholders’ equity (981,279) (269,389)    
Total liabilities and stockholders’ equity $ (2,736,957) $ (771,970)