v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current Assets:    
Cash and cash equivalents $ 539,706 $ 635,552
Accounts receivable, net of allowance of $10,309 as of March 31, 2026 and $12,527 as of December 31, 2025 229,273 215,985
Inventories 165,504 164,701
Prepaid and refundable taxes 41,272 48,606
Prepaid expenses and other current assets 38,482 36,769
Total Current Assets 1,014,237 1,101,613
Property, plant, and equipment, net 255,483 242,603
Goodwill 785,590 792,840
Intangible assets, net 224,556 229,964
Operating lease assets 54,532 55,519
Investments 18,492 20,291
Deferred tax assets 109,816 110,983
Long-term derivative assets 38,277 36,551
Other assets 15,368 15,689
Total Assets 2,516,351 2,606,053
Current Liabilities:    
Current debt obligations 2,628 31,472
Accounts payable 99,148 97,157
Accrued liabilities and other 102,649 94,573
SNIA environmental liability 389,485 396,242
Current contingent consideration 59,589 50,030
Current litigation provision liability 9,643 12,552
Taxes payable 41,704 33,133
Accrued employee compensation and related benefits 57,632 92,913
Total Current Liabilities 762,478 808,072
Long-term debt obligations 285,160 345,185
Long-term contingent consideration 43,141 42,045
Deferred tax liabilities 6,812 9,590
Long-term operating lease liabilities 46,696 48,327
Long-term employee compensation and related benefits 13,105 13,574
Long-term derivative liabilities 93,254 83,904
Other long-term liabilities 54,379 55,369
Total Liabilities 1,305,025 1,406,066
Commitments and contingencies (Note 5)
Shareholders’ Equity:    
Ordinary Shares, £1.00 par value: Unlimited shares authorized; 55,537,746 shares issued and 54,901,316 shares outstanding as of March 31, 2026; 55,535,181 shares issued and 54,649,085 shares outstanding as of December 31, 2025 84,564 84,564
Additional paid-in capital 2,254,756 2,254,980
Accumulated other comprehensive (loss) income (3,401) 7,330
Accumulated deficit (1,123,427) (1,145,721)
Treasury shares at cost, 636,430 ordinary shares as of March 31, 2026; 886,096 ordinary shares as of December 31, 2025 (1,166) (1,166)
Total Shareholders’ Equity 1,211,326 1,199,987
Total Liabilities and Shareholders’ Equity $ 2,516,351 $ 2,606,053