Business, Product and Geographical Area Information and Concentration of Risk

12 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Business, Product and Geographical Area Information and Concentration of Risk

17. Business, Product and Geographical Area Information and Concentration of Risk

Our primary line of business is the production of semi-fabricated specialty aluminum mill products, such as bare and coated coils, plate and sheet and extruded and drawn products, primarily used in our Aero/HS products, Packaging, Automotive Extrusions, GE products and Other products end markets. We operate 13 focused production facilities in the United States and one in Canada. Our chief operating decision maker reviews and evaluates our business as a single operating segment. At December 31, 2021, approximately 66% of our employees were covered by collective bargaining agreements and 15% of those employees were covered by collective bargaining agreements with expiration dates occurring within one year from December 31, 2021.

The following table presents Net sales by end market applications and by timing of control transfer (in millions of dollars):

	Year Ended December 31,
	2021		2020		2019
Net sales:
Aero/HS products	$	533.7	$	537.9	$	803.2
Packaging		1,119.3		—		—
Automotive Extrusions		225.0		161.4		190.5
GE products		706.1		458.8		480.1
Other products		37.9		14.6		40.3
Total net sales	$	2,622.0	$	1,172.7	$	1,514.1
Timing of revenue recognition:
Products transferred at a point in time	$	2,067.9	$	690.9	$	866.9
Products transferred over time		554.1		481.8		647.2
Total net sales	$	2,622.0	$	1,172.7	$	1,514.1

The following table presents geographic information for net sales based on country of origin, income taxes paid and long-lived assets (in millions of dollars):

	Year Ended December 31,
	2021		2020		2019
Net sales to unaffiliated customers:
Domestic	$	2,545.0	$	1,126.8	$	1,461.4
Foreign1		77.0		45.9		52.7
Total net sales	$	2,622.0	$	1,172.7	$	1,514.1
Income taxes paid:
Domestic	$	4.5	$	0.7	$	3.5
Foreign		1.1		0.3		2.0
Total income taxes paid	$	5.6	$	1.0	$	5.5

	As of December 31,
	2021		2020		2019
Long-lived assets:2
Domestic	$	925.3	$	597.5	$	592.9
Foreign1		29.9		29.7		29.1
Total long-lived assets	$	955.2	$	627.2	$	622.0

^1. Foreign reflects our London, Ontario production facility.

^2. Long-lived assets represent Property, plant and equipment, net.

The aggregate foreign currency transaction gain (loss) included in determining net (loss) income were immaterial for 2021, 2020 and 2019.

Concentrations. For the years ended December 31, 2021, December 31, 2020 and December 31, 2019, one customer represented 16%, 26% and 25%, respectively, of Net sales and a second customer represented 15%, 11% and 17%, respectively, of Net sales.

One individual customer accounted for 16%, a second individual customer accounted for 13% and a third individual customer accounted for 11% of the accounts receivable balance at December 31, 2021. One individual customer accounted for 20% and another individual customer accounted for 13% of the accounts receivable balance at December 31, 2020.

The following table presents information about export sales and primary aluminum supply from our major suppliers:

	Year Ended December 31,
	2021			2020			2019
Percentage of Net sales:
Export sales		10	%		10	%		14	%
Percentage of total annual primary aluminum supply (lbs):
Supply from our top five major suppliers		78	%		72	%		74	%
Supply from our largest supplier		47	%		21	%		22	%
Supply from our second and third largest suppliers combined		20	%		32	%		32	%