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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 1,079.3 $ 931.8
Accounts receivable, net 514.4 579.6
Accounts receivable from related parties 0.0 2.1
Inventories, net of inventory valuation reserves 690.9 808.4
Assets held for sale 0.0 160.0
Other current assets 135.7 129.9
Total current assets 2,420.3 2,611.8
Property, plant and equipment:    
Property, plant and equipment 2,999.6 2,772.5
Less: accumulated depreciation (804.7) (631.7)
Property, plant and equipment, net 2,194.9 2,140.8
Goodwill 857.8 816.6
Other intangibles, net 104.4 101.1
Equity method investments 130.3 138.1
Other non-current assets 52.9 126.8
Total assets 5,760.6 5,935.2 [1]
Current liabilities:    
Accounts payable 1,009.7 973.4
Accounts payable to related parties 1.5 1.7
Current portion of long-term debt 32.0 590.2
Obligation under Supply and Offtake Agreements 312.6 435.6
Liabilities associated with assets held for sale 0.0 105.9
Accrued expenses and other current liabilities 307.7 564.9
Total current liabilities 1,663.5 2,671.7
Non-current liabilities:    
Long-term debt, net of current portion 1,751.3 875.4
Obligation under Supply and Offtake Agreements 49.6 0.0
Environmental liabilities, net of current portion 139.5 68.9
Asset retirement obligations 75.5 72.1
Deferred tax liabilities 210.2 199.9
Other non-current liabilities 62.9 83.0
Total non-current liabilities 2,289.0 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, 90,478,075 shares and 81,533,548 shares issued at December 31, 2018 and 2017, respectively 0.9 0.8
Additional paid-in capital 1,135.4 900.1
Accumulated other comprehensive income 28.6 6.9
Treasury stock, 12,477,780 shares and 762,623 shares, at cost, as of December 31, 2018 and 2017, respectively (514.1) (25.0)
Retained earnings 981.8 767.8
Non-controlling interests in subsidiaries 175.5 313.6
Total stockholders’ equity 1,808.1 1,964.2
Total liabilities and stockholders’ equity $ 5,760.6 $ 5,935.2
[1] Assets held for sale of $160.0 million are included in the corporate, other and eliminations segment as of December 31, 2017.