Print PageClose Window

10-Q
KOPPERS HOLDINGS INC. filed this Form 10-Q on 08/03/2017
Entire Document
 

 

KOPPERS HOLDINGS INC.

CONDENSED CONSOLIDATED BALANCE SHEET

 

 

 

June 30,

2017

 

 

December 31,

2016

 

(Dollars in millions, except per share amounts)

 

(Unaudited)

 

 

 

 

 

Assets

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

$

40.0

 

 

$

20.8

 

Accounts receivable, net of allowance of $3.0 and $3.8

 

 

180.1

 

 

 

136.8

 

Income tax receivable

 

 

4.5

 

 

 

3.8

 

Inventories, net

 

 

229.7

 

 

 

228.7

 

Loan to related party

 

 

0.0

 

 

 

8.9

 

Other current assets

 

 

46.7

 

 

 

39.1

 

Total current assets

 

 

501.0

 

 

 

438.1

 

Property, plant and equipment, net

 

 

303.4

 

 

 

280.8

 

Goodwill

 

 

187.9

 

 

 

186.4

 

Intangible assets, net

 

 

136.2

 

 

 

141.9

 

Deferred tax assets

 

 

26.7

 

 

 

27.1

 

Other assets

 

 

13.2

 

 

 

13.2

 

Total assets

 

$

1,168.4

 

 

$

1,087.5

 

Liabilities

 

 

 

 

 

 

 

 

Accounts payable

 

$

148.4

 

 

$

144.2

 

Accrued liabilities

 

 

116.4

 

 

 

106.3

 

Current maturities of long-term debt

 

 

12.5

 

 

 

42.6

 

Total current liabilities

 

 

277.3

 

 

 

293.1

 

Long-term debt

 

 

680.4

 

 

 

619.8

 

Accrued postretirement benefits

 

 

50.4

 

 

 

51.6

 

Deferred tax liabilities

 

 

6.7

 

 

 

6.3

 

Other long-term liabilities

 

 

80.1

 

 

 

82.1

 

Total liabilities

 

 

1,094.9

 

 

 

1,052.9

 

Commitments and contingent liabilities (Note 18)

 

 

 

 

 

 

 

 

Equity

 

 

 

 

 

 

 

 

Senior Convertible Preferred Stock, $0.01 par value per share; 10,000,000

   shares authorized; no shares issued

 

 

0.0

 

 

 

0.0

 

Common Stock, $0.01 par value per share; 80,000,000 shares authorized;

   22,350,838 and 22,140,680 shares issued

 

 

0.2

 

 

 

0.2

 

Additional paid-in capital

 

 

183.7

 

 

 

176.5

 

Accumulated deficit

 

 

(0.8

)

 

 

(24.7

)

Accumulated other comprehensive loss

 

 

(56.1

)

 

 

(68.6

)

Treasury stock, at cost, 1,605,377 and 1,475,792 shares

 

 

(58.1

)

 

 

(53.0

)

Total Koppers shareholders’ equity

 

 

68.9

 

 

 

30.4

 

Noncontrolling interests

 

 

4.6

 

 

 

4.2

 

Total equity

 

 

73.5

 

 

 

34.6

 

Total liabilities and equity

 

$

1,168.4

 

 

$

1,087.5

 

 

The accompanying notes are an integral part of these condensed consolidated financial statements.

3