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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 657.9 $ 822.2
Accounts receivable, net 771.4 783.7
Inventories, net of inventory valuation reserves 1,010.4 981.9
Other current assets 61.2 78.2
Total current assets 2,500.9 2,666.0
Property, plant and equipment:    
Property, plant and equipment 4,799.4 4,690.7
Less: accumulated depreciation (2,013.6) (1,845.5)
Property, plant and equipment, net 2,785.8 2,845.2
Operating lease right-of-use assets 133.5 148.2
Goodwill 729.4 729.4
Other intangibles, net 284.3 296.2
Equity method investments 386.9 360.7
Other non-current assets 122.7 126.1
Total assets 6,943.5 7,171.8 CloseClose
Current liabilities:     Close
Accounts payable 1,861.4 1,814.3 Close
Current portion of long-term debt 9.5 44.5 Close
Current portion of obligation under Inventory Intermediation Agreement 0.0 0.4 Close
Current portion of operating lease liabilities 51.0 54.7 Close
Accrued expenses and other current liabilities 642.9 771.2 Close
Total current liabilities 2,564.8 2,685.1
Non-current liabilities:     Close
Long-term debt, net of current portion 2,452.2 2,555.3 Close
Obligation under Inventory Intermediation Agreement 472.2 407.2 Close
Environmental liabilities, net of current portion 32.8 110.9 Close
Asset retirement obligations 26.2 43.3 Close
Deferred tax liabilities 262.1 264.1 Close
Operating lease liabilities, net of current portion 96.0 111.2 Close
Other non-current liabilities 54.4 35.0 Close
Total non-current liabilities 3,395.9 3,527.0
Stockholders’ equity:    
Total Liabilities 5960.7 6212.1 0 0 0 Close
Preferred stock, $0.01 par value, 10,000,000 shares authorized, no shares issued and outstanding 0.0 0.0 Close
Common stock, $0.01 par value, 110,000,000 shares authorized, 82,085,570 shares and 81,539,871 shares issued at June 30, 2024 and December 31, 2023, respectively 0.8 0.8
Additional paid-in capital 1,175.8 1,113.6
Accumulated other comprehensive loss (4.8) (4.8)
Treasury stock, 17,575,527 shares, at cost, at June 30, 2024 and December 31, 2023, respectively (694.1) (694.1)
Retained earnings 328.1 430.0
Non-controlling interests in subsidiaries 177.0 114.2
Total stockholders’ equity 982.8 959.7 CloseClose
Total liabilities and stockholders’ equity $ 6,943.5 $ 7,171.8