|
2. SUPPLEMENTAL BALANCE SHEET INFORMATION
Cash, Cash Equivalents, and Restricted Cash
Cash, cash equivalents, and restricted cash are recorded in our unaudited condensed consolidated balance sheet as follows:
|
|
|
|
|
|
|
|
|
|
|
September 30, |
|
|
|
2024 |
|
|
2023 |
|
Cash and cash equivalents |
|
$ |
25.5 |
|
|
$ |
25.1 |
|
Restricted cash included in prepaid expenses and other current assets |
|
|
— |
|
|
|
0.7 |
|
Total cash, cash equivalents, and restricted cash |
|
$ |
25.5 |
|
|
$ |
25.8 |
|
Inventories
Inventories are comprised of the following:
|
|
|
|
|
|
|
|
|
|
|
September 30,
2024 |
|
|
December 31,
2023 |
|
Raw materials and supplies |
|
$ |
70.8 |
|
|
$ |
84.2 |
|
Work in process |
|
|
17.4 |
|
|
|
20.5 |
|
Finished products and parts |
|
|
150.8 |
|
|
|
131.9 |
|
Total |
|
$ |
239.0 |
|
|
$ |
236.6 |
|
Accrued Expenses
Accrued expenses are comprised of the following:
|
|
|
|
|
|
|
|
|
|
|
September 30,
2024 |
|
|
December 31,
2023 |
|
Employee compensation and benefits |
|
$ |
32.1 |
|
|
$ |
22.6 |
|
Sales, use, and property taxes |
|
|
24.2 |
|
|
|
24.0 |
|
Insurance |
|
|
12.0 |
|
|
|
10.9 |
|
Interest |
|
|
5.8 |
|
|
|
5.4 |
|
Income taxes |
|
|
— |
|
|
|
1.5 |
|
Other |
|
|
1.4 |
|
|
|
1.2 |
|
Total accrued expenses |
|
$ |
75.5 |
|
|
$ |
65.6 |
|
Other Current Liabilities
Other current liabilities are comprised of the following:
|
|
|
|
|
|
|
|
|
|
|
September 30,
2024 |
|
|
December 31,
2023 |
|
Acquired unfavorable contracts |
|
$ |
17.1 |
|
|
$ |
43.5 |
|
Accrued supply commitment charges |
|
|
12.6 |
|
|
|
— |
|
Munger make-whole liability |
|
|
9.9 |
|
|
|
7.5 |
|
Accrued legal contingencies |
|
|
7.1 |
|
|
|
20.7 |
|
Deferred revenue |
|
|
2.4 |
|
|
|
7.3 |
|
Tax receivable agreement obligation |
|
|
3.2 |
|
|
|
2.8 |
|
Other |
|
|
9.9 |
|
|
|
2.3 |
|
Total other current liabilities |
|
$ |
62.2 |
|
|
$ |
84.1 |
|
|