v3.25.2
Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 615.5 $ 735.6
Accounts receivable, net 743.4 617.6
Inventories, net of inventory valuation reserves 860.9 893.2
Other current assets 101.8 85.5
Total current assets 2,321.6 2,331.9
Property, plant and equipment:    
Property, plant and equipment 5,399.9 4,948.4
Less: accumulated depreciation (2,151.0) (2,008.4)
Property, plant and equipment, net 3,248.9 2,940.0
Operating lease right-of-use assets 81.9 92.2
Goodwill 475.3 475.3
Other intangibles, net 415.9 321.6
Equity method investments 409.3 392.9
Other non-current assets 115.9 111.9
Total assets 7,068.8 6,665.8
Current liabilities:    
Accounts payable 1,904.9 1,813.8
Current portion of long-term debt 9.5 9.5
Current portion of operating lease liabilities 35.4 43.2
Accrued expenses and other current liabilities 956.0 649.5
Total current liabilities 2,905.8 2,516.0
Non-current liabilities:    
Long-term debt, net of current portion 3,091.2 2,755.7
Obligation under Inventory Intermediation Agreement 388.4 408.7
Environmental liabilities, net of current portion 31.8 33.3
Asset retirement obligations 34.7 24.7
Deferred tax liabilities 176.5 214.8
Operating lease liabilities, net of current portion 51.0 54.8
Other non-current liabilities 94.5 82.6
Total non-current liabilities 3,868.1 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, 78,002,696 shares and 80,127,994 shares issued at June 30, 2025 and December 31, 2024, respectively 0.8 0.8
Additional paid-in capital 1,243.3 1,215.9
Accumulated other comprehensive loss (4.2) (4.1)
Treasury stock, 17,575,527 shares, at cost, at June 30, 2025 and December 31, 2024, respectively (694.1) (694.1)
Retained earnings (519.8) (205.7)
Non-controlling interests in subsidiaries 268.9 262.4
Total stockholders’ equity 294.9 575.2
Total liabilities and stockholders’ equity $ 7,068.8 $ 6,665.8