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Consolidated Balance Sheet - USD ($)
$ in Millions
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 264.3 $ 125.6
Short-term investments 78.7 36.7
Receivables:    
Trade receivables, net 167.1 179.8
Other 18.1 25.6
Contract assets 54.6 54.9
Inventories 177.6 215.1
Prepaid expenses and other current assets 19.4 18.9
Total current assets 779.8 656.6
Property, plant and equipment, net 622.0 611.8
Operating lease assets 25.8 0.0
Deferred tax assets, net 11.8 35.9
Intangible assets, net 29.6 32.4
Goodwill 18.8 44.0
Other assets 38.4 38.6
Total 1,526.2 1,419.3
Current liabilities:    
Accounts payable 92.0 121.4
Accrued salaries, wages and related expenses 34.4 40.1
Other accrued liabilities 44.0 44.0
Total current liabilities 170.4 205.5
Long-term portion of operating lease liabilities 25.2 0.0
Net liabilities of Salaried VEBA 32.6 32.4
Long-term liabilities 4.5 4.2
Long-term liabilities 67.0 66.4
Long-term debt 492.6 370.4
Total liabilities 792.3 678.9
Commitments and contingencies
Stockholders' equity:    
Preferred stock, 5,000,000 shares authorized at both December 31, 2019 and December 31, 2018; no shares were issued and outstanding at December 31, 2019 and December 31, 2018 0.0 0.0
Common stock, par value $0.01, 90,000,000 shares authorized at both December 31, 2019 and December 31, 2018; 22,550,827 shares issued and 15,868,304 shares outstanding at December 31, 2019; 22,471,705 shares issued and 16,234,603 shares outstanding at December 31, 2018 0.2 0.2
Additional paid in capital 1,062.9 1,059.3
Retained earnings 172.8 150.2
Treasury stock, at cost, 6,682,523 shares at December 31, 2019 and 6,237,102 shares at December 31, 2018 (463.4) (420.5)
Accumulated other comprehensive loss (38.6) (48.8)
Total stockholders' equity 733.9 740.4
Total $ 1,526.2 $ 1,419.3