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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 295.7 $ 780.3
Receivables:    
Trade receivables, net 361.6 112.8
Other 44.5 11.6
Contract assets 40.2 36.1
Inventories 413.6 152.0
Prepaid expenses and other current assets 67.7 28.6
Total current assets 1,223.3 1,121.4
Property, plant and equipment, net 948.7 627.2
Operating lease assets 45.2 26.5
Intangible assets, net 70.5 26.7
Goodwill 39.3 18.8
Other assets 110.2 44.1
Total 2,437.2 1,864.7
Current liabilities:    
Accounts payable 340.7 86.1
Accrued salaries, wages and related expenses 48.9 30.8
Other accrued liabilities 55.2 41.4
Total current liabilities 444.8 158.3
Long-term portion of operating lease liabilities 40.2 25.6
Pension and other postretirement benefits 89.2 1.3
Net liabilities of Salaried VEBA 16.6 17.8
Deferred tax liabilities 15.0 13.9
Long-term liabilities 74.5 77.3
Long-term debt 1,035.9 838.1
Total liabilities 1,716.2 1,132.3
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, 5,000,000 shares authorized at both September 30, 2021 and December 31, 2020; no shares were issued and outstanding at September 30, 2021 and December 31, 2020
Common stock, par value $0.01, 90,000,000 shares authorized at both September 30, 2021 and December 31, 2020; 22,697,958 shares issued and 15,862,672 shares outstanding at September 30, 2021; 22,647,455 shares issued and 15,812,169 shares outstanding at December 31, 2020 0.2 0.2
Additional paid in capital 1,076.6 1,068.6
Retained earnings 103.0 158.2
Treasury stock, at cost, 6,835,286 shares at both September 30, 2021 and December 31, 2020 (475.9) (475.9)
Accumulated other comprehensive income (loss) 17.1 (18.7)
Total stockholders’ equity 721.0 732.4
Total $ 2,437.2 $ 1,864.7