XML 16 R4.htm IDEA: XBRL DOCUMENT v3.20.1
Condensed Consolidated Balance Sheet - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Assets    
Cash and cash equivalents $ 54.2 $ 32.3
Accounts receivable, net of allowance of $2.4 and $2.6 176.8 161.7
Income tax receivable 4.2 1.1
Inventories, net [1] 276.2 288.5
Assets of discontinued operations held for sale 67.5 17.1
Other current assets 26.0 18.8
Total current assets 604.9 519.5
Property, plant and equipment, net [2] 355.4 358.8
Operating lease right-of-use assets 106.1 112.3
Goodwill 292.7 296.1
Intangible assets, net 161.7 168.4
Deferred tax assets 31.0 23.7
Non-current assets of discontinued operations held for sale 0.0 59.3
Other assets 21.3 26.5
Total assets [3] 1,573.1 1,564.6
Liabilities    
Accounts payable 155.6 162.8
Accrued liabilities 100.9 89.3
Current operating lease liabilities 21.5 22.0
Current maturities of long-term debt 10.2 10.2
Liabilities of discontinued operations held for sale 34.6 11.9
Total current liabilities 322.8 296.2
Long-term debt 943.0 891.0
Accrued postretirement benefits 46.5 46.6
Deferred tax liabilities 6.4 6.8
Operating lease liabilities 86.4 91.5
Non-current liabilities of discontinued operations held for sale 0.0 25.1
Other long-term liabilities 58.8 48.7
Total liabilities 1,463.9 1,405.9
Commitments and contingent liabilities (Note 18)
Equity    
Senior Convertible Preferred Stock, $0.01 par value per share; 10,000,000 shares authorized; no shares issued 0.0 0.0
Common Stock, $0.01 par value per share; 80,000,000 shares authorized; 23,556,317 and 23,321,087 shares issued 0.2 0.2
Additional paid-in capital 224.7 221.9
Retained earnings 92.4 93.8
Accumulated other comprehensive loss (126.1) (77.7)
Treasury stock, at cost, 2,574,631 and 2,515,925 shares (92.1) (90.9)
Total Koppers shareholders’ equity 99.1 147.3
Noncontrolling interests 10.1 11.4
Total equity 109.2 158.7
Total liabilities and equity $ 1,573.1 $ 1,564.6
[1] Net inventories excludes $5.5 million and $10.6 million of discontinued operations assets held for sale related to our KJCC business at March 31, 2020 and December 31, 2019, respectively.
[2] Net Property, plant, and equipment excludes $54.8 million and $56.6 million of discontinued operations assets held for sale related to our KJCC business at March 31, 2020 and December 31, 2019, respectively.
[3]

 

(a)

The Carbon Materials and Chemicals segment includes $67.5 million and $76.4 million of discontinued operations assets held for sale related to our KJCC business at March 31, 2020 and December 31, 2019, respectively.