v3.25.1
Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 623.8 $ 735.6
Accounts receivable, net 648.8 617.6
Inventories, net of inventory valuation reserves 852.5 893.2
Other current assets 89.8 85.5
Total current assets 2,214.9 2,331.9
Property, plant and equipment:    
Property, plant and equipment 5,283.6 4,948.4
Less: accumulated depreciation (2,096.5) (2,008.4)
Property, plant and equipment, net 3,187.1 2,940.0
Operating lease right-of-use assets 89.3 92.2
Goodwill 475.3 475.3
Other intangibles, net 402.6 321.6
Equity method investments 396.8 392.9
Other non-current assets 116.1 111.9
Total assets 6,882.1 6,665.8
Current liabilities:    
Accounts payable 1,833.9 1,813.8
Current portion of long-term debt 9.5 9.5
Current portion of operating lease liabilities 40.2 43.2
Accrued expenses and other current liabilities 708.3 649.5
Total current liabilities 2,591.9 2,516.0
Non-current liabilities:    
Long-term debt, net of current portion 3,025.8 2,755.7
Obligation under Inventory Intermediation Agreement 433.6 408.7
Environmental liabilities, net of current portion 32.3 33.3
Asset retirement obligations 32.5 24.7
Deferred tax liabilities 191.0 214.8
Operating lease liabilities, net of current portion 54.2 54.8
Other non-current liabilities 91.4 82.6
Total non-current liabilities 3,860.8 3,574.6
Stockholders’ equity:    
Preferred stock, $0.01 par value, 10,000,000 shares authorized, no shares issued and outstanding 0.0 0.0
Common stock, $0.01 par value, 110,000,000 shares authorized, 78,208,023 shares and 80,127,994 shares issued at March 31, 2025 and December 31, 2024, respectively 0.8 0.8
Additional paid-in capital 1,248.2 1,215.9
Accumulated other comprehensive loss (4.1) (4.1)
Treasury stock, 17,575,527 shares, at cost, at March 31, 2025 and December 31, 2024, respectively (694.1) (694.1)
Retained earnings (395.4) (205.7)
Non-controlling interests in subsidiaries 274.0 262.4
Total stockholders’ equity 429.4 575.2
Total liabilities and stockholders’ equity $ 6,882.1 $ 6,665.8