XML 17 R5.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 18.1 $ 43.8
Accounts receivable, net 364.6 184.7
Costs and recognized earnings in excess of billings on uncompleted contracts 63.7 55.6
Assets held for sale 5,812.4 5,942.1
Other current assets 28.9 20.1
Total current assets 6,287.7 6,246.3
Investments 53.1 55.4
Deferred tax asset 2.0 3.0
Property, plant and equipment, net 173.3 112.8
Goodwill 121.1 111.0
Intangibles, net 222.0 172.1
Other assets 76.7 42.2
Total assets 6,935.9 6,742.8
Current liabilities    
Accounts payable 135.1 69.7
Accrued liabilities 101.9 77.1
Current portion of debt obligations 70.2 433.6
Billings in excess of costs and recognized earnings on uncompleted contracts 146.8 52.2
Liabilities held for sale 5,261.6 5,306.7
Other current liabilities 18.7 12.9
Total current liabilities 5,734.3 5,952.2
Deferred tax liability 7.0 7.0
Debt obligations 606.3 127.9
Other liabilities 70.6 39.8
Total liabilities 6,418.2 6,126.9
Commitments and contingencies
Temporary equity    
Preferred stock 0.0 10.4
Redeemable noncontrolling interest 6.2 5.3
Total temporary equity 6.2 15.7
Stockholders’ equity    
Common stock 0.1 0.1
Additional paid-in capital 354.8 355.7
Treasury stock, at cost: 1,385,056 and 1,109,751 shares at June 30, 2021 and December 31, 2020, respectively (5.2) (4.2)
Accumulated deficit (199.6) (188.7)
Accumulated other comprehensive income 338.2 396.9
Total HC2 Holdings, Inc. stockholders’ equity 488.3 559.8
Noncontrolling interest 23.2 40.4
Total stockholders’ equity 511.5 600.2
Total liabilities, temporary equity and stockholders’ equity $ 6,935.9 $ 6,742.8