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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 128.0 $ 780.3
Receivables:    
Trade receivables, net 305.8 112.8
Other 31.5 11.6
Contract assets 44.4 36.1
Inventories 385.3 152.0
Prepaid expenses and other current assets 35.8 28.6
Total current assets 930.8 1,121.4
Property, plant and equipment, net 1,006.6 627.2
Operating lease assets 38.9 26.5
Intangible assets, net 82.5 26.7
Goodwill 46.2 18.8
Other assets 47.8 44.1
Total 2,152.8 1,864.7
Current liabilities:    
Accounts payable 259.6 86.1
Accrued salaries, wages and related expenses 31.9 30.8
Other accrued liabilities 58.9 41.4
Total current liabilities 350.4 158.3
Long-term portion of operating lease liabilities 34.1 25.6
Pension and other postretirement benefits 85.0 1.3
Net liabilities of Salaried VEBA 17.4 17.8
Deferred tax liabilities 15.9 13.9
Long-term liabilities 76.3 77.3
Long-term debt 838.7 838.1
Total liabilities 1,417.8 1,132.3
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, 5,000,000 shares authorized at both March 31, 2021 and December 31, 2020; no shares were issued and outstanding at March 31, 2021 and December 31, 2020
Common stock, par value $0.01, 90,000,000 shares authorized at both March 31, 2021 and December 31, 2020; 22,683,224 shares issued and 15,847,938 shares outstanding at March 31, 2021; 22,647,455 shares issued and 15,812,169 shares outstanding at December 31, 2020 0.2 0.2
Additional paid in capital 1,069.3 1,068.6
Retained earnings 151.0 158.2
Treasury stock, at cost, 6,835,286 shares at both March 31, 2021 and December 31, 2020 (475.9) (475.9)
Accumulated other comprehensive loss (9.6) (18.7)
Total stockholders’ equity 735.0 732.4
Total $ 2,152.8 $ 1,864.7