XML 51 R2.htm IDEA: XBRL DOCUMENT v3.20.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 784.9 $ 955.3
Accounts receivable, net 436.0 792.6
Inventories, net of inventory valuation reserves 473.1 946.7
Other current assets 262.1 268.7
Total current assets 1,956.1 2,963.3
Property, plant and equipment:    
Property, plant and equipment 3,539.8 3,362.8
Less: accumulated depreciation (975.4) (934.5)
Property, plant and equipment, net 2,564.4 2,428.3
Operating lease right-of-use assets 177.1 183.6
Goodwill 855.7 855.7
Other intangibles, net 111.5 110.3
Equity method investments 365.2 407.3
Other non-current assets 63.4 67.8
Total assets 6,093.4 7,016.3
Current liabilities:    
Accounts payable 1,102.3 1,599.7
Current portion of long-term debt 31.4 36.4
Obligation under Supply and Offtake Agreements 97.9 332.5
Current portion of operating lease liabilities 40.6 40.5
Accrued expenses and other current liabilities 354.7 346.8
Total current liabilities 1,626.9 2,355.9
Non-current liabilities:    
Long-term debt, net of current portion 2,185.5 2,030.7
Obligation Under Supply And Offtake Agreements, Noncurrent 179.5 144.8
Environmental liabilities, net of current portion 136.3 137.9
Asset retirement obligations 67.1 68.6
Deferred tax liabilities 242.2 267.9
Operating lease liabilities, net of current portion 137.3 144.3
Other non-current liabilities 28.7 30.9
Total non-current liabilities 2,976.6 2,825.1
Stockholders’ equity:    
Preferred stock, $0.01 par value, 11,000,000 shares and 10,000,000 shares authorized at March 31,2020 and December 31, 2019, respectively, no shares issued and outstanding 0.0 0.0
Common stock, $0.01 par value, 110,000,000 shares authorized, 91,089,920 shares and 90,987,025 shares issued at March 31, 2020 and December 31, 2019, respectively 0.9 0.9
Additional paid-in capital 1,157.4 1,151.9
Accumulated other comprehensive income 1.2 0.1
Treasury stock, 17,575,527 shares and 17,516,814 shares, at cost, as of March 31, 2020 and December 31, 2019, respectively (694.1) (692.2)
Retained earnings 861.6 1,205.6
Non-controlling interests in subsidiaries 162.9 169.0
Total stockholders’ equity 1,489.9 1,835.3
Total liabilities and stockholders’ equity $ 6,093.4 $ 7,016.3