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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 91.4 $ 88.2
Accounts receivable (net of allowance of $0.9 and $0.5 at September 30, 2017 and December 31, 2016, respectively) 162.9 134.0
Inventories 178.0 163.7
Prepaid expenses and other current assets 21.4 18.3
Income tax receivable 8.0 5.4
Total current assets 461.7 409.6
Property, plant and equipment 207.3 191.7
Less: Accumulated depreciation (74.6) (61.3)
Property, plant and equipment, net 132.7 130.4
Goodwill 4.4 4.4
Intangible assets, net 0.3 0.4
Deferred income taxes 22.0 34.1
Other noncurrent assets 6.5 3.7
Total assets 627.6 582.6
Current liabilities:    
Current portion of debt 4.6 4.5
Accounts payable 95.2 88.9
Accrued liabilities 41.8 45.0
Accrued interest 0.1 0.2
Income tax payable   1.3
Total current liabilities 141.7 139.9
Noncurrent portion of debt 308.8 311.5
Other noncurrent liabilities 35.9 36.0
Total liabilities 486.4 487.4
Commitments and Contingencies (Note 11)
Global Brass and Copper Holdings, Inc. stockholders’ equity:    
Common stock - $0.01 par value; 80,000,000 shares authorized; 22,130,368 and 21,712,216 shares issued at September 30, 2017 and December 31, 2016, respectively 0.2 0.2
Additional paid-in capital 52.5 45.0
Retained earnings 93.1 51.2
Treasury stock - 226,576 and 79,149 shares at September 30, 2017 and December 31, 2016, respectively (6.6) (1.5)
Accumulated other comprehensive loss (3.0) (4.1)
Total Global Brass and Copper Holdings, Inc. stockholders’ equity 136.2 90.8
Noncontrolling interest 5.0 4.4
Total equity 141.2 95.2
Total liabilities and equity $ 627.6 $ 582.6