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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Current Assets    
Cash and cash equivalents $ 189.8 $ 663.6
Restricted cash 12.5 1,941.7
Accounts receivable, less allowances of $5.8 and $4.5, respectively 769.7 278.4
Inventories, net 634.6 357.9
Unbilled contract revenue 408.6 133.7
Prepaid expenses 99.6 37.5
Insurance receivable 0.0 234.4
Other current assets 133.4 43.7
Total assets of discontinued operations 307.4 0.0
Total Current Assets 2,555.6 3,690.9
Property, plant, and equipment, net 782.7 430.0
Goodwill 2,827.8 992.0
Identifiable intangible assets, net 2,913.4 535.3
Equity method investments 120.6 93.0
Investments in equity securities 89.9 96.5
Other assets 117.5 64.2
TOTAL ASSETS 9,407.5 5,901.9
Current Liabilities    
Accounts payable 703.8 211.1
Customer advances and billings in excess of contract revenue 469.3 170.6
Accrued salaries, wages, and benefits 83.9 31.5
Accrued income taxes 24.3 3.5
Current portion of warranty reserve 31.0 4.1
Current portion of long-term debt 278.2 256.9
Operating lease liabilities, current 16.6 5.4
Accrued legal settlement 0.0 305.6
Other current liabilities 208.4 92.9
Total liabilities of discontinued operations 30.0 0.0
Total Current Liabilities 1,845.5 1,081.6
Long-term debt 4,039.5 2,039.8
Long-term deferred tax liabilities 613.6 46.1
Accrued pension liabilities 6.4 0.9
Operating lease liabilities, non-current 54.4 15.6
Other long-term liabilities 40.9 33.6
Total Liabilities 6,600.3 3,217.6
Equity    
Preferred stock, par value $0.01 per share, $1,000 aggregate liquidation preference — 10,000,000 shares authorized, 402,500 shares issued and outstanding at both June 30, 2023 and December 31, 2022 0.0 0.0
Common stock, par value $0.01 per share – 150,000,000 shares authorized, 42,733,693 and 42,563,032 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively 0.4 0.4
Additional paid-in capital 1,866.0 1,850.2
Treasury stock; 760,782 shares at both June 30, 2023 and December 31, 2022 (19.3) (19.3)
Retained earnings 882.5 902.2
Accumulated other comprehensive loss (55.4) (58.0)
Total Chart Industries, Inc. Shareholders’ Equity 2,674.2 2,675.5
Noncontrolling interests 133.0 8.8
Total Equity 2,807.2 2,684.3
TOTAL LIABILITIES AND EQUITY $ 9,407.5 $ 5,901.9