v3.25.2
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Current Assets    
Cash and cash equivalents $ 190.8 $ 240.7
Accounts receivable, net of allowances (2025 - $2.4 million; 2024 - $1.7 million) 129.6 90.8
Inventories, net 223.4 219.8
Deferred charges and prepaid expenses 14.9 29.9
Other current assets 1.8 6.1
Total Current Assets 560.5 587.3
Property, plant and equipment, net 523.1 507.3
Operating lease right-of-use assets 16.0 11.7
Pension assets 7.8 5.5
Intangible assets, net 3.2 3.4
Other non-current assets 1.4 1.5
Total Assets 1,112.0 1,116.7
Current Liabilities    
Accounts payable 143.7 119.2
Salaries, wages and benefits 25.0 16.8
Accrued pension and postretirement costs 14.9 66.5
Current operating lease liabilities 5.1 4.8
Current convertible notes, net 0.0 5.4
Government funding liabilities 73.1 53.5
Other current liabilities 14.4 15.3
Total Current Liabilities 276.2 281.5
Non-Current Liabilities    
Credit Agreement 0.0 0.0
Non-current operating lease liabilities 10.9 6.9
Accrued pension and postretirement costs 108.0 110.2
Deferred income taxes 12.6 14.3
Other non-current liabilities 14.3 13.3
Total Liabilities 422.0 426.2
Shareholders’ Equity    
Preferred shares, without par value; authorized 10.0 million shares, none issued 0.0
Common shares, without par value; authorized 200.0 million shares; issued 2025 - 48.2 million shares and 2024 - 48.2 million shares 0.0 0.0
Additional paid-in capital 842.7 843.9
Retained deficit (47.4) (52.4)
Treasury shares - 2025 - 6.3 million; 2024 - 5.9 million (111.9) (108.7)
Accumulated other comprehensive income (loss) 6.6 7.7
Total Shareholders' Equity 690.0 690.5
Total Liabilities and Shareholders’ Equity $ 1,112.0 $ 1,116.7