Quarterly report [Sections 13 or 15(d)]

Supplemental balance sheet information

v3.26.1
Supplemental balance sheet information
6 Months Ended
Jun. 30, 2026
Balance Sheet Related Disclosures [Abstract]  
Supplemental balance sheet information

2. SUPPLEMENTAL BALANCE SHEET INFORMATION

Restricted Cash

Cash and cash equivalents that are restricted as to withdrawal or use under the terms of certain contractual agreements, or are reserved for a specific purpose, and not readily available for immediate or general use are recorded to restricted cash and included in prepaid expenses and other current assets in our unaudited condensed consolidated balance sheets. The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the unaudited condensed consolidated statements of cash flows for the periods indicated:

 

 

June 30,

 

 

 

2026

 

 

2025

 

Cash and cash equivalents

 

$

18.8

 

 

$

26.0

 

Restricted cash included in prepaid expenses and other current assets

 

 

22.1

 

 

 

 

Total cash, cash equivalents, and restricted cash

 

$

40.9

 

 

$

26.0

 

 

 

As of June 30, 2026, restricted cash consisted of cash used to support our casualty insurance and company credit card obligations.

Inventories

Inventories are comprised of the following:

 

 

June 30,
2026

 

 

December 31,
2025

 

Raw materials and supplies

 

$

11.3

 

 

$

10.8

 

Work in process

 

 

12.9

 

 

 

12.4

 

Finished products and parts

 

 

150.6

 

 

 

128.1

 

Total

 

$

174.8

 

 

$

151.3

 

 

Accrued Expenses

Accrued expenses are comprised of the following:

 

 

June 30,
2026

 

 

December 31,
2025

 

Employee compensation and benefits

 

$

25.4

 

 

$

27.9

 

Sales, use, and property taxes

 

 

14.5

 

 

 

16.8

 

Insurance

 

 

15.6

 

 

 

18.2

 

Interest

 

 

10.6

 

 

 

8.2

 

Income taxes

 

 

0.7

 

 

 

0.7

 

Other

 

 

0.6

 

 

 

2.2

 

Total accrued expenses

 

$

67.4

 

 

$

74.0

 

 

Other Current Liabilities

Other current liabilities are comprised of the following:

 

 

June 30,
2026

 

 

December 31,
2025

 

Accrued supply commitment charges

 

$

12.6

 

 

$

12.6

 

Accrued legal contingencies

 

 

5.5

 

 

 

5.5

 

Deferred revenue

 

 

1.9

 

 

 

0.8

 

Tax receivable agreement obligation

 

 

4.7

 

 

 

4.6

 

Other

 

 

4.1

 

 

 

5.3

 

Total other current liabilities

 

$

28.8

 

 

$

28.8