XML 16 R4.htm IDEA: XBRL DOCUMENT v3.23.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 43.7 $ 39.2
Restricted cash 1.3 1.3
Receivables less provisions of $3.3 at March 31, 2023 and $3.2 at December 31, 2022 615.4 514.4
Inventories 710.7 798.5
Prepaid expenses and other current assets 85.4 88.2
Total current assets 1,456.5 1,441.6
Property, plant, and equipment, at cost 938.3 898.6
Less: Accumulated depreciation 451.9 440.2
Property, plant, and equipment, net 486.4 458.4
Operating lease assets 244.8 240.5
Other intangible assets 64.3 50.9
Goodwill 135.1 129.2
Deferred charges and other assets 14.4 13.7
Total assets 2,401.5 2,334.3
Current liabilities:    
Accounts payable 522.1 438.4
Salaries, wages, and commissions 37.3 67.3
Other accrued liabilities 71.1 77.7
Short-term debt 4.0 5.8
Current portion of operating lease liabilities 26.1 25.2
Current portion of deferred employee benefits 4.8 4.8
Total current liabilities 665.4 619.2
Long-term debt 391.1 361.2
Deferred employee benefits 112.2 118.0
Noncurrent operating lease liabilities 219.3 215.1
Deferred income taxes 119.2 113.5
Other noncurrent liabilities 13.3 14.3
Total liabilities 1,520.5 1,441.3
Commitments and contingencies
Ryerson Holding Corporation stockholders’ equity:    
Preferred stock, $0.01 par value; 7,000,000 shares authorized; no shares issued and outstanding at March 31, 2023 and December 31, 2022
Common stock, $0.01 par value; 100,000,000 shares authorized; 39,449,009 and 39,059,198 shares issued at March 31, 2023 and December 31, 2022, respectively 0.4 0.4
Capital in excess of par value 400.3 397.7
Retained earnings 733.8 692.5
Treasury stock at cost - Common stock, value (117.9) (61.1)
Accumulated other comprehensive loss (143.6) (144.4)
Total Ryerson Holding Corporation stockholders’ equity 873.0 885.1
Noncontrolling interest 8.0 7.9
Total equity 881.0 893.0
Total liabilities and equity $ 2,401.5 $ 2,334.3