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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 64.3 $ 41.6
Short-term investments 5.5 4.7
Trade and other accounts receivable (less allowances of $3.9 and $3.9, respectively) 131.5 164.3
Inventories (less allowances of $9.4 and $10.2, respectively):    
Finished goods 107.2 127.0
Work in progress 1.3 1.2
Raw materials 59.0 56.7
Total inventories 167.5 184.9
Current portion of deferred tax assets 8.2 8.4
Prepaid expenses 5.2 8.3
Prepaid income taxes 1.5 2.0
Assets held for sale 42.7 0.0
Total current assets 426.4 414.2
Property, plant and equipment:    
Gross cost 153.9 187.0
Less accumulated depreciation (81.4) (106.2)
Net property, plant and equipment 72.5 80.8
Goodwill 268.4 276.1
Other intangible assets 175.9 181.1
Deferred finance costs 0.7 1.1
Deferred tax assets, net of current portion 0.7 0.7
Pension asset 52.5 45.2
Other non-current assets 1.3 0.7
Total assets 998.4 999.9
Current liabilities:    
Accounts payable 67.4 87.6
Accrued liabilities 69.6 77.2
Current portion of long-term debt 0.0 0.4
Current portion of finance leases 0.6 0.5
Current portion of plant closure provisions 5.1 5.7
Current portion of accrued income taxes 3.9 5.6
Current portion of acquisition-related contingent consideration 39.0 45.7
Current portion of deferred income 0.2 0.2
Liabilities held for sale 7.8 0.0
Total current liabilities 193.6 222.9
Long-term debt, net of current portion 139.0 139.0
Finance leases, net of current portion 2.4 1.7
Plant closure provisions, net of current portion 29.9 28.4
Unrecognized tax benefits, net of current portion 6.3 6.2
Deferred tax liabilities, net of current portion 33.1 23.0
Pension liability 9.8 10.4
Acquisition-related contingent consideration, net of current portion 33.2 49.5
Deferred income, net of current portion 0.7 0.9
Other non-current liabilities 0.7 2.0
Total liabilities 448.7 484.0
Equity:    
Common stock, $0.01 par value, authorized 40,000,000 shares, issued 29,554,500 shares 0.3 0.3
Additional paid-in capital 309.9 308.8
Treasury stock (5,404,880 and 5,263,481 shares at cost, respectively) (88.3) (78.7)
Retained earnings 436.9 391.8
Accumulated other comprehensive loss (109.5) (106.3)
Total Innospec stockholders' equity 549.3 515.9
Non-controlling interest 0.4 0.0
Total equity 549.7 515.9
Total liabilities and equity $ 998.4 $ 999.9