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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Current Assets    
Cash and cash equivalents $ 147.1 $ 663.6
Restricted cash 12.8 1,941.7
Accounts receivable, less allowances of $5.8 and $4.5, respectively 743.7 278.4
Inventories, net 613.3 357.9
Unbilled contract revenue 439.1 133.7
Prepaid expenses 98.5 37.5
Insurance receivable 0.0 234.4
Other current assets 124.5 43.7
Assets held for sale 76.8 0.0
Total Current Assets 2,255.8 3,690.9
Property, plant, and equipment, net 807.6 430.0
Goodwill 2,809.3 992.0
Identifiable intangible assets, net 2,812.2 535.3
Equity method investments 119.0 93.0
Investments in equity securities 90.6 96.5
Other assets 125.7 64.2
TOTAL ASSETS 9,020.2 5,901.9
Current Liabilities    
Accounts payable 721.7 211.1
Customer advances and billings in excess of contract revenue 452.1 170.6
Accrued salaries, wages, and benefits 86.5 31.5
Accrued income taxes 49.9 3.5
Current portion of warranty reserve 29.8 4.1
Current portion of long-term debt 277.1 256.9
Operating lease liabilities, current 16.4 5.4
Accrued legal settlement 0.0 305.6
Other current liabilities 153.6 92.9
Liabilities held for sale 15.7 0.0
Total Current Liabilities 1,802.8 1,081.6
Long-term debt 3,799.9 2,039.8
Long-term deferred tax liabilities 565.3 46.1
Accrued pension liabilities 6.4 0.9
Operating lease liabilities, non-current 50.0 15.6
Other long-term liabilities 38.3 33.6
Total Liabilities 6,262.7 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 September 30, 2023 and December 31, 2022 0.0 0.0
Common stock, par value $0.01 per share – 150,000,000 shares authorized, 42,749,321 and 42,563,032 shares issued and outstanding at September 30, 2023 and December 31, 2022, respectively 0.4 0.4
Additional paid-in capital 1,869.0 1,850.2
Treasury stock; 760,782 shares at both September 30, 2023 and December 31, 2022 (19.3) (19.3)
Retained earnings 879.1 902.2
Accumulated other comprehensive loss (103.3) (58.0)
Total Chart Industries, Inc. Shareholders’ Equity 2,625.9 2,675.5
Noncontrolling interests 131.6 8.8
Total Equity 2,757.5 2,684.3
TOTAL LIABILITIES AND EQUITY $ 9,020.2 $ 5,901.9