XML 40 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 1,132.8 $ 931.8
Accounts receivable, net 785.1 579.6
Accounts receivable from related parties 17.0 2.1
Inventories, net of inventory valuation reserves 881.5 808.4
Assets held for sale 25.2 160.0
Other current assets 107.7 129.9
Total current assets 2,949.3 2,611.8
Property, plant and equipment:    
Property, plant and equipment 2,812.4 2,772.5
Less: accumulated depreciation (708.8) (631.7)
Property, plant and equipment, net 2,103.6 2,140.8
Goodwill 857.8 816.6
Other intangibles, net 106.1 101.1
Equity method investments 130.5 138.1
Other non-current assets 64.5 126.8
Total assets 6,211.8 [1] 5,935.2
Current liabilities:    
Accounts payable 1,050.6 973.4
Accounts payable to related parties 1.8 1.7
Current portion of long-term debt 180.8 590.2
Obligation under Supply and Offtake Agreements 471.2 435.6
Liabilities associated with assets held for sale 12.0 105.9
Accrued expenses and other current liabilities 445.0 564.9
Total current liabilities 2,161.4 2,671.7
Non-current liabilities:    
Long-term debt, net of current portion 1,861.7 875.4
Environmental liabilities, net of current portion 135.7 68.9
Asset retirement obligations 71.8 72.1
Deferred tax liabilities 127.2 199.9
Other non-current liabilities 74.7 83.0
Total non-current liabilities 2,271.1 1,299.3
Stockholders’ equity:    
Preferred stock, $0.01 par value, 10,000,000 shares authorized, no shares issued and outstanding 0.0 0.0
Common stock, $0.01 par value, 110,000,000 shares authorized, 87,631,115 shares and 81,533,548 shares issued at June 30, 2018 and December 31, 2017, respectively 0.9 0.8
Additional paid-in capital 1,041.8 900.1
Accumulated other comprehensive (loss) income (42.4) 6.9
Treasury stock, 3,703,826 shares and 762,623 shares, at cost, as of June 30, 2018 and December 31, 2017, respectively (140.3) (25.0)
Retained earnings 742.8 767.8
Non-controlling interests in subsidiaries 176.5 313.6
Total stockholders’ equity 1,779.3 1,964.2
Total liabilities and stockholders’ equity $ 6,211.8 $ 5,935.2
[1] Assets held for sale of $25.2 million are included in the corporate, other and eliminations segment as of June 30, 2018.