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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2015
Dec. 31, 2014
Jun. 30, 2014
Current assets:      
Cash $ 78.4 $ 44.6 $ 19.4
Accounts receivable (net of allowance of $1.5, $1.0 and $1.0 at June 30, 2015, December 31, 2014 and June 30, 2014, respectively) 164.8 152.3 195.6
Inventories 195.6 189.0 192.3
Prepaid expenses and other current assets 22.3 26.2 25.7
Deferred income taxes 31.3 30.1 33.0
Income tax receivable 0.6 8.3 6.3
Total current assets 493.0 450.5 472.3
Property, plant and equipment (net of accumulated depreciation of $41.3, $35.1 and $28.3 at June 30, 2015, December 31, 2014 and June 30, 2014, respectively) 102.9 103.5 100.0
Investment in joint venture 0.0 2.0 2.8
Goodwill 4.4 4.4 4.4
Intangible assets, net 0.6 0.6 0.7
Deferred income taxes 1.6 0.8 2.9
Other noncurrent assets 13.3 14.7 15.8
Total assets 615.8 576.5 598.9
Current liabilities:      
Current maturities of long-term debt 1.0 1.0 0.7
Accounts payable 104.1 82.5 107.6
Accrued liabilities 51.7 57.3 49.3
Accrued interest 3.2 3.2 3.3
Income tax payable 0.1 0.5 0.0
Total current liabilities 160.1 144.5 160.9
Long-term debt 379.3 379.8 396.8
Deferred income taxes 0.0 0.8 0.0
Other noncurrent liabilities 25.4 25.4 25.9
Total liabilities $ 564.8 $ 550.5 $ 583.6
Commitments and contingencies (Note 10)      
Global Brass and Copper Holdings, Inc. stockholders’ equity:      
Common stock - $0.01 par value; 80,000,000 shares authorized; 21,553,828, 21,369,407 and 21,373,407 shares issued at June 30, 2015, December 31, 2014 and June 30, 2014, respectively $ 0.2 $ 0.2 $ 0.2
Additional paid-in capital 34.6 32.5 32.4
Retained earnings (accumulated deficit) 13.5 (10.1) (21.5)
Treasury stock - 45,894, 29,200 and 29,200 shares at June 30, 2015, December 31, 2014 and June 30, 2014, respectively (0.7) (0.4) (0.4)
Accumulated other comprehensive (loss) income (1.0) (0.6) 0.4
Total Global Brass and Copper Holdings, Inc. stockholders’ equity 46.6 21.6 11.1
Noncontrolling interest 4.4 4.4 4.2
Total equity 51.0 26.0 15.3
Total liabilities and equity $ 615.8 $ 576.5 $ 598.9