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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
[1]
Current assets:    
Cash and cash equivalents $ 1,153.8 $ 856.5
Accounts receivable, net 1,035.5 776.6
Inventories, net of inventory valuation reserves 1,634.2 1,260.7
Other current assets 206.0 126.0
Total current assets 4,029.5 3,019.8
Property, plant and equipment:    
Property, plant and equipment 4,192.4 3,645.4
Less: accumulated depreciation (1,514.3) (1,338.1)
Property, plant and equipment, net 2,678.1 2,307.3
Operating lease right-of-use assets 183.2 208.5
Goodwill 743.8 729.7
Other intangibles, net 320.6 102.7
Equity method investments 360.6 344.1
Other non-current assets 81.0 100.5
Total assets 8,396.8 6,812.6
Current liabilities:    
Accounts payable 2,150.2 1,695.3
Current portion of long-term debt 63.0 92.2
Obligation under Supply and Offtake Agreements 596.2 487.5
Current portion of operating lease liabilities 50.1 53.9
Accrued expenses and other current liabilities 969.8 797.8
Total current liabilities 3,829.3 3,126.7
Non-current liabilities:    
Long-term debt, net of current portion 2,670.6 2,125.8
Environmental liabilities, net of current portion 112.0 109.5
Asset retirement obligations 41.4 38.3
Deferred tax liabilities 309.6 214.5
Operating lease liabilities, net of current portion 125.9 152.0
Other non-current liabilities 25.0 31.8
Total non-current liabilities 3,284.5 2,671.9
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, 87,228,503 shares and 91,772,080 shares issued at September 30, 2022 and December 31, 2021, respectively 0.9 0.9
Additional paid-in capital 1,125.7 1,206.5
Accumulated other comprehensive loss (4.0) (3.8)
Treasury stock, 17,575,527 shares, at cost, as of September 30, 2022 and December 31, 2021 (694.1) (694.1)
Retained earnings 731.8 384.7
Non-controlling interests in subsidiaries 122.7 119.8
Total stockholders’ equity 1,283.0 1,014.0
Total liabilities and stockholders’ equity $ 8,396.8 $ 6,812.6
[1] Adjusted to reflect the retrospective change in accounting policy from LIFO to FIFO for certain inventories. See Note 7 for further discussion.