Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.10.0.1
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 125.5 $ 59.0
Accounts receivable (net of allowance of $1.3 and $1.0 at December 31, 2018 and December 31, 2017, respectively) 165.6 197.8
Inventories 218.2 208.1
Prepaid expenses and other current assets 8.5 11.7
Income tax receivable 2.8 3.6
Total current assets 520.6 480.2
Property, plant and equipment, net 147.8 142.9
Goodwill 4.4 4.5
Intangible assets, net 1.6 2.0
Deferred income taxes 11.3 16.1
Other noncurrent assets 5.3 6.5
Total assets 691.0 652.2
Current liabilities:    
Current portion of debt 4.6 5.0
Accounts payable 114.1 117.1
Accrued liabilities 40.2 36.0
Accrued interest 0.1 0.2
Income tax payable   0.5
Total current liabilities 159.0 158.8
Noncurrent portion of debt 305.7 309.0
Other noncurrent liabilities 38.5 37.1
Total liabilities 503.2 504.9
Commitments and contingencies (Note 15)
Global Brass and Copper Holdings, Inc. stockholders’ equity:    
Common stock - $0.01 par value; 80,000,000 shares authorized; 22,541,310 and 22,133,764 shares issued at December 31, 2018 and December 31, 2017, respectively 0.2 0.2
Additional paid-in capital 62.5 54.5
Retained earnings 148.8 97.3
Treasury stock - 743,057 and 226,576 shares at December 31, 2018 and December 31, 2017, respectively (22.6) (6.6)
Accumulated other comprehensive loss (6.1) (2.9)
Total Global Brass and Copper Holdings, Inc. stockholders’ equity 182.8 142.5
Noncontrolling interest 5.0 4.8
Total equity 187.8 147.3
Total liabilities and equity $ 691.0 $ 652.2