Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Current assets
Cash and cash equivalents	$ 128,161	$ 104,147
Accounts receivable, net	370,725	202,139
Inventories
Raw materials and supplies	82,254	48,134
Work-in-process and finished goods	92,132	45,956
Prepaid expenses and other current assets	51,290	18,134
Total current assets	724,562	418,510
Property, plant and equipment, at cost	380,480	254,237
Less accumulated depreciation	(176,371)	(170,314)
Property, plant and equipment, net	204,109	83,923
Right of use lease assets	33,789	0
Goodwill	557,323	83,333
Other intangible assets, net	1,064,048	63,582
Investments in associated companies	91,937	21,316
Non-current deferred tax assets	5,415	6,946
Other non-current assets	43,313	32,055
Total assets	2,724,496	709,665
Current liabilities
Short-term borrowings and current portion of long-term debt	36,535	670
Accounts and other payables	173,722	92,754
Accrued compensation	41,714	25,727
Accrued restructuring	19,320	0
Other current liabilities	74,469	32,319
Total current liabilities	345,760	151,470
Long-term debt	826,503	35,934
Long-term lease liabilities	24,259	0
Non-current deferred tax liabilities	212,673	10,003
Other non-current liabilities	111,851	75,889
Total liabilities	1,521,046	273,296
Equity
Common stock $1 par value; authorized 30,000,000 shares; issued and outstanding 2019 - 17,730,728 shares; 2018 - 13,338,026 shares	17,731	13,338
Capital in excess of par value	885,765	97,304
Retained earnings	404,569	405,125
Accumulated other comprehensive loss	(106,047)	(80,715)
Total Quaker shareholders' equity	1,202,018	435,052
Noncontrolling interest	1,432	1,317
Total equity	1,203,450	436,369
Total liabilities and equity	$ 2,724,496	$ 709,665