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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:
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March 31, |
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2024 |
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2023 |
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Cash and cash equivalents |
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$ |
28.3 |
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$ |
69.9 |
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Restricted cash included in prepaid expenses and other current assets |
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— |
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2.8 |
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Total cash, cash equivalents, and restricted cash |
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$ |
28.3 |
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$ |
72.7 |
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Inventories
Inventories are comprised of the following:
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March 31,
2024 |
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December 31,
2023 |
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Raw materials and supplies |
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$ |
74.6 |
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$ |
84.2 |
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Work in process |
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21.1 |
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20.5 |
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Finished products and parts |
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124.1 |
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131.9 |
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Total |
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$ |
219.8 |
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$ |
236.6 |
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Accrued Expenses
Accrued expenses are comprised of the following:
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March 31,
2024 |
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December 31,
2023 |
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Employee compensation and benefits |
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$ |
37.2 |
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$ |
22.6 |
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Sales, use, and property taxes |
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16.8 |
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24.0 |
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Insurance |
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10.9 |
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10.9 |
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Interest |
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21.2 |
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5.4 |
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Income taxes |
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1.6 |
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1.5 |
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Other |
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1.3 |
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1.2 |
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Total accrued expenses |
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$ |
89.0 |
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$ |
65.6 |
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Other Current Liabilities
Other current liabilities are comprised of the following:
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March 31,
2024 |
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December 31,
2023 |
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Acquired contract liabilities |
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$ |
35.6 |
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$ |
43.5 |
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Accrued legal contingencies |
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10.8 |
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20.7 |
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Deferred revenue |
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3.3 |
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7.3 |
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Tax receivable agreement obligation |
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6.4 |
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2.8 |
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Other |
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8.3 |
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9.8 |
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Total other current liabilities |
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$ |
64.4 |
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$ |
84.1 |
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