Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Unaudited)

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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 91.1 $ 59.0
Accounts receivable (net of allowance of $1.0 at June 30, 2018 and December 31, 2017) 197.0 197.8
Inventories 235.9 208.1
Prepaid expenses and other current assets 9.4 11.7
Income tax receivable 0.0 3.6
Total current assets 533.4 480.2
Property, plant and equipment 231.1 221.9
Less: Accumulated depreciation (89.0) (79.0)
Property, plant and equipment, net 142.1 142.9
Goodwill 4.5 4.5
Intangible assets, net 1.8 2.0
Deferred income taxes 14.5 16.1
Other noncurrent assets 5.8 6.5
Total assets 702.1 652.2
Current liabilities:    
Current portion of debt 5.0 5.0
Accounts payable 138.8 117.1
Accrued liabilities 30.6 36.0
Accrued interest 0.2 0.2
Income tax payable 1.3 0.5
Total current liabilities 175.9 158.8
Noncurrent portion of debt 307.1 309.0
Other noncurrent liabilities 37.9 37.1
Total liabilities 520.9 504.9
Commitments and Contingencies (Note 12)
Global Brass and Copper Holdings, Inc. stockholders’ equity:    
Common stock - $0.01 par value; 80,000,000 shares authorized; 22,515,822 and 22,133,764 shares issued at June 30, 2018 and December 31, 2017, respectively 0.2 0.2
Additional paid-in capital 58.3 54.5
Retained earnings 131.5 97.3
Treasury stock - 341,678 and 226,576 shares at June 30, 2018 and December 31, 2017, respectively (10.0) (6.6)
Accumulated other comprehensive loss (3.7) (2.9)
Total Global Brass and Copper Holdings, Inc. stockholders’ equity 176.3 142.5
Noncontrolling interest 4.9 4.8
Total equity 181.2 147.3
Total liabilities and equity $ 702.1 $ 652.2