Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 66.6 $ 173.8
Accounts and notes receivable, net 43.2 39.0
Inventories, net 111.5 139.5
Income tax receivable 0.9 0.6
Prepaid expenses and other current assets 9.9 18.0
Total current assets 232.1 370.9
Property, plant, and equipment, less accumulated depreciation and amortization of $338.2 and $318.8, respectively 281.2 296.1
Operating lease assets 6.9 0.0
Intangible assets, less accumulated amortization of $17.3 and $12.0, respectively 27.1 32.0
Deferred income taxes 5.5 5.6
Other noncurrent assets 2.5 3.6
Total assets 555.3 708.2
Current liabilities:    
Short-term debt 0.0 25.0
Current installments of long-term debt 4.0 3.7
Accounts payable and accrued expenses 104.7 141.4
Income tax payable 0.0 0.5
Total current liabilities 108.7 170.6
Long-term debt 68.1 70.6
Noncurrent operating lease liabilities 3.3 0.0
Postretirement benefit liabilities 51.9 55.7
Pension benefit liabilities 8.1 11.3
Other long-term liabilities 6.5 6.7
Noncurrent income taxes payable 0.2 0.2
Deferred income taxes 2.0 2.1
Total liabilities 248.8 317.2
Stockholders’ equity:    
Common stock with par value $.0001 per share: 100,000,000 shares authorized; 28,357,078 issued and 21,499,790 outstanding shares as of September 30, 2019 and 28,284,358 issued and 25,832,193 outstanding shares as of December 31, 2018 0.0 0.0
Preferred stock with par value $.0001 per share: 15,000,000 shares authorized; none issued 0.0 0.0
Treasury stock, at cost, 6,857,288 shares as of September 30, 2019 and 2,452,165 shares as of December 31, 2018 (89.2) (39.7)
Additional paid-in capital 678.3 678.6
Accumulated deficit (219.7) (186.3)
Accumulated other comprehensive (loss) (62.9) (61.6)
Total stockholders’ equity 306.5 391.0
Total liabilities and stockholders’ equity $ 555.3 $ 708.2