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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 955.3 $ 1,079.3
Accounts receivable, net 792.6 514.4
Inventories, net of inventory valuation reserves 946.7 677.9
Other current assets 268.7 148.7
Total current assets 2,963.3 2,420.3
Property, plant and equipment:    
Property, plant and equipment 3,362.8 2,999.6
Less: accumulated depreciation (934.5) (804.7)
Property, plant and equipment, net 2,428.3 2,194.9
Operating lease right-of-use assets 183.6  
Goodwill 855.7 857.8
Other intangibles, net 110.3 104.4
Equity method investments 407.3 130.3
Other non-current assets 67.8 52.9
Total assets 7,016.3 5,760.6
Current liabilities:    
Accounts payable 1,599.7 1,011.2
Current portion of long-term debt 36.4 32.0
Obligation under Supply and Offtake Agreements 332.5 312.6
Current portion of operating lease liabilities 40.5  
Accrued expenses and other current liabilities 346.8 307.7
Total current liabilities 2,355.9 1,663.5
Non-current liabilities:    
Long-term debt, net of current portion 2,030.7 1,751.3
Obligation under Supply and Offtake Agreements 144.8 49.6
Environmental liabilities, net of current portion 137.9 139.5
Asset retirement obligations 68.6 75.5
Deferred tax liabilities 267.9 210.2
Operating lease liabilities, net of current portion 144.3  
Other non-current liabilities 30.9 62.9
Total non-current liabilities 2,825.1 2,289.0
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, 90,987,025 shares and 90,478,075 shares issued at December 31, 2019 and December 31, 2018, respectively 0.9 0.9
Additional paid-in capital 1,151.9 1,135.4
Accumulated other comprehensive income 0.1 28.6
Treasury stock, 17,516, 814 shares and 12,477,780 shares, at cost, as of December 31, 2019 and December 31, 2018, respectively (692.2) (514.1)
Retained earnings 1,205.6 981.8
Non-controlling interests in subsidiaries 169.0 175.5
Total stockholders’ equity 1,835.3 1,808.1
Total liabilities and stockholders’ equity $ 7,016.3 $ 5,760.6