Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Unaudited)

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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 101.1 $ 59.0
Accounts receivable (net of allowance of $1.1 and $1.0 at September 30, 2018 and December 31, 2017, respectively) 199.6 197.8
Inventories 218.8 208.1
Prepaid expenses and other current assets 10.2 11.7
Income tax receivable 4.0 3.6
Total current assets 533.7 480.2
Property, plant and equipment 237.6 221.9
Less: Accumulated depreciation (94.2) (79.0)
Property, plant and equipment, net 143.4 142.9
Goodwill 4.4 4.5
Intangible assets, net 1.7 2.0
Deferred income taxes 8.6 16.1
Other noncurrent assets 6.8 6.5
Total assets 698.6 652.2
Current liabilities:    
Current portion of debt 5.0 5.0
Accounts payable 121.2 117.1
Accrued liabilities 30.9 36.0
Accrued interest 0.2 0.2
Income tax payable 0.6 0.5
Total current liabilities 157.9 158.8
Noncurrent portion of debt 306.3 309.0
Other noncurrent liabilities 38.2 37.1
Total liabilities 502.4 504.9
Commitments and Contingencies (Note 12)
Global Brass and Copper Holdings, Inc. stockholders’ equity:    
Common stock - $0.01 par value; 80,000,000 shares authorized; 22,541,416 and 22,133,764 shares issued at September 30, 2018 and December 31, 2017, respectively 0.2 0.2
Additional paid-in capital 60.4 54.5
Retained earnings 144.3 97.3
Treasury stock - 342,031 and 226,576 shares at September 30, 2018 and December 31, 2017, respectively (10.0) (6.6)
Accumulated other comprehensive loss (3.5) (2.9)
Total Global Brass and Copper Holdings, Inc. stockholders’ equity 191.4 142.5
Noncontrolling interest 4.8 4.8
Total equity 196.2 147.3
Total liabilities and equity $ 698.6 $ 652.2