v3.19.1
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Millions
Mar. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 110.3 $ 125.5
Accounts receivable (net of allowance of $1.1 and $1.3 at March 31, 2019 and December 31, 2018, respectively) 208.8 165.6
Inventories 216.4 218.2
Prepaid expenses and other current assets 10.5 8.5
Income tax receivable 0.2 2.8
Total current assets 546.2 520.6
Property, plant and equipment 249.2 245.6
Less: Accumulated depreciation (102.8) (97.8)
Property, plant and equipment, net 146.4 147.8
Goodwill 4.4 4.4
Intangible assets, net 1.4 1.6
Deferred income taxes 10.9 11.3
Other noncurrent assets 11.6 5.3
Total assets 720.9 691.0
Current liabilities:    
Current portion of debt 4.3 4.6
Accounts payable 133.4 114.1
Accrued liabilities 26.6 40.2
Accrued interest 0.3 0.1
Income tax payable 2.5
Total current liabilities 167.1 159.0
Noncurrent portion of debt 305.0 305.7
Other noncurrent liabilities 44.3 38.5
Total liabilities 516.4 503.2
Commitments and Contingencies (Note 14)
Global Brass and Copper Holdings, Inc. stockholders’ equity:    
Common stock - $0.01 par value; 80,000,000 shares authorized; 22,541,310 shares issued at March 31, 2019 and December 31, 2018 0.2 0.2
Additional paid-in capital 58.8 62.5
Retained earnings 164.8 148.8
Treasury stock - 588,533 and 743,057 shares at March 31, 2019 and December 31, 2018, respectively (18.0) (22.6)
Accumulated other comprehensive income (loss) (6.5) (6.1)
Total Global Brass and Copper Holdings, Inc. stockholders’ equity 199.3 182.8
Noncontrolling interest 5.2 5.0
Total equity 204.5 187.8
Total liabilities and equity $ 720.9 $ 691.0

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