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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 303.2 $ 780.3
Receivables:    
Trade receivables, net 332.7 112.8
Other 53.0 11.6
Contract assets 63.2 36.1
Inventories 404.6 152.0
Prepaid expenses and other current assets 48.7 28.6
Total current assets 1,205.4 1,121.4
Property, plant and equipment, net 955.2 627.2
Operating lease assets 46.2 26.5
Deferred tax assets, net 3.4  
Intangible assets, net 67.7 26.7
Goodwill 39.3 18.8
Other assets 105.2 44.1
Total 2,422.4 1,864.7
Current liabilities:    
Accounts payable 351.4 86.1
Accrued salaries, wages and related expenses 46.9 30.8
Other accrued liabilities 58.4 41.4
Total current liabilities 456.7 158.3
Long-term portion of operating lease liabilities 40.8 25.6
Pension and other postretirement benefits 92.5 1.3
Net liabilities of Salaried VEBA 20.6 17.8
Deferred tax liabilities 10.5 13.9
Long-term liabilities 72.5 77.3
Long-term debt 1,036.3 838.1
Total liabilities 1,729.9 1,132.3
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, 5,000,000 shares authorized at both December 31, 2021 and December 31, 2020; no shares were issued and outstanding at December 31, 2021 and December 31, 2020
Common stock, par value $0.01, 90,000,000 shares authorized at both December 31, 2021 and December 31, 2020; 22,700,404 shares issued and 15,865,118 shares outstanding at December 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 1,078.9 1,068.6
Retained earnings 93.0 158.2
Treasury stock, at cost, 6,835,286 shares at both December 31, 2021 and December 31, 2020 (475.9) (475.9)
Accumulated other comprehensive loss (3.7) (18.7)
Total stockholders’ equity 692.5 732.4
Total $ 2,422.4 $ 1,864.7