XML 16 R5.htm IDEA: XBRL DOCUMENT v3.19.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 123.5 $ 123.1
Trade and other accounts receivable (less allowances of $0.0 million and $2.9 million respectively) 296.7 279.7
Inventories (less allowances of $0.0 million and $13.6 million respectively):    
Finished goods 178.6 180.2
Raw materials 70.5 67.8
Total inventories 249.1 248.0
Prepaid expenses 11.7 11.6
Prepaid income taxes 1.6 1.5
Other current assets 1.0 0.0
Total current assets 683.6 663.9
Net property, plant and equipment 199.7 196.4
Goodwill 363.1 364.9
Operating lease right-of-use assets 37.4 0.0
Other intangible assets 130.4 136.3
Deferred tax assets 8.6 8.8
Pension asset 97.6 95.9
Other non-current assets 6.2 7.2
Total assets 1,526.6 1,473.4
Current liabilities:    
Accounts payable 123.9 126.8
Accrued liabilities 123.8 132.1
Current portion of long-term debt 21.5 21.4
Current portion of finance leases 1.5 1.8
Current portion of plant closure provisions 5.3 5.9
Current portion of accrued income taxes 12.6 8.6
Current portion of operating lease liabilities 11.4 0.0
Total current liabilities 300.0 296.6
Long-term debt, net of current portion 186.3 186.2
Finance leases, net of current portion 1.1 1.5
Plant closure provisions, net of current portion 44.4 43.6
Accrued income taxes, net of current portion 40.0 40.0
Unrecognized tax benefits, net of current portion 14.2 14.0
Operating lease liabilities, net of current portion 26.0 0.0
Deferred tax liabilities 48.1 48.2
Pension liabilities and post-employment benefits 15.6 15.7
Other non-current liabilities 2.0 2.1
Total liabilities 677.7 647.9
Equity:    
Common stock, $0.01 par value, authorized 40,000,000 shares, issued 29,554,500 shares 0.3 0.3
Additional paid-in capital 326.0 324.9
Treasury stock (5,074,700 and 5,120,799 shares at cost, respectively) (93.5) (92.8)
Retained earnings 697.0 668.3
Accumulated other comprehensive loss (81.4) (75.7)
Total Innospec stockholders' equity 848.4 825.0
Non-controlling interest 0.5 0.5
Total equity 848.9 825.5
Total liabilities and equity $ 1,526.6 $ 1,473.4