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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 710.6 $ 264.3
Short-term investments   78.7
Receivables:    
Trade receivables, net 126.4 167.1
Other 22.0 18.1
Contract assets 41.6 54.6
Inventories 181.4 177.6
Prepaid expenses and other current assets 25.7 19.4
Total current assets 1,107.7 779.8
Property, plant and equipment, net 627.1 622.0
Operating lease assets 28.0 25.8
Deferred tax assets, net   11.8
Intangible assets, net 28.1 29.6
Goodwill 18.8 18.8
Other assets 38.7 38.4
Total 1,848.4 1,526.2
Current liabilities:    
Accounts payable 61.0 92.0
Accrued salaries, wages and related expenses 34.9 34.4
Other accrued liabilities 54.5 44.0
Total current liabilities 150.4 170.4
Long-term portion of operating lease liabilities 27.0 25.2
Net liabilities of Salaried VEBA 32.5 32.6
Deferred tax liabilities 7.3 4.5
Long-term liabilities 75.3 67.0
Long-term debt 837.1 492.6
Total liabilities 1,129.6 792.3
Commitments and contingencies
Stockholders' equity:    
Preferred stock, 5,000,000 shares authorized at both June 30, 2020 and December 31, 2019; no shares were issued and outstanding at June 30, 2020 and December 31, 2019
Common stock, par value $0.01, 90,000,000 shares authorized at both June 30, 2020 and at December 31, 2019; 22,647,455 shares issued and 15,812,169 shares outstanding at June 30, 2020; 22,550,827 shares issued and 15,868,304 shares outstanding at December 31, 2019 0.2 0.2
Additional paid in capital 1,063.3 1,062.9
Retained earnings 173.4 172.8
Treasury stock, at cost, 6,835,286 shares at June 30, 2020 and 6,682,523 shares at December 31, 2019, respectively (475.9) (463.4)
Accumulated other comprehensive loss (42.2) (38.6)
Total stockholders' equity 718.8 733.9
Total $ 1,848.4 $ 1,526.2