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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 113.4 $ 136.9
Short-term investments 1.6 4.8
Trade and other accounts receivable (less allowances of $4.0 million and $3.6 million, respectively) 146.4 137.4
Inventories (less allowances of $8.6 million and $8.8 million, respectively):    
Finished goods 104.2 104.4
Work in progress 1.6 2.7
Raw materials 46.8 52.8
Total inventories 152.6 159.9
Current portion of deferred tax assets 8.7 8.8
Prepaid expenses 5.5 6.1
Prepaid income taxes 4.8 3.0
Other current assets 0.0 1.8
Total current assets 433.0 458.7
Property, plant and equipment:    
Gross cost 165.7 161.0
Less accumulated depreciation (89.1) (85.0)
Net property, plant and equipment 76.6 76.0
Goodwill 267.5 267.4
Other intangible assets 162.6 168.7
Deferred finance costs 1.3 1.4
Deferred tax assets, net of current portion 1.4 1.4
Pension asset 57.9 55.5
Other non-current assets 0.7 0.9
Total assets 1,001.0 1,030.0
Current liabilities:    
Bank overdraft 6.8 0.0
Accounts payable 49.9 52.2
Accrued liabilities 65.4 84.1
Current portion of finance leases 0.9 0.7
Current portion of plant closure provisions 5.4 6.4
Current portion of accrued income taxes 9.9 7.9
Current portion of acquisition-related contingent consideration 8.9 54.6
Current portion of deferred income 0.2 0.2
Total current liabilities 147.4 206.1
Long-term debt, net of current portion 146.0 133.0
Finance leases, net of current portion 2.3 2.4
Plant closure provisions, net of current portion 32.7 31.3
Unrecognized tax benefits, net of current portion 3.9 3.9
Deferred tax liabilities, net of current portion 38.1 37.7
Pension liability 10.0 9.2
Deferred income, net of current portion 0.6 0.6
Other non-current liabilities 0.9 0.5
Total liabilities 381.9 424.7
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 311.4 311.0
Treasury stock (5,583,618 and 5,453,078 shares at cost, respectively) (99.2) (91.8)
Retained earnings 515.3 496.4
Accumulated other comprehensive loss (109.0) (110.9)
Total Innospec stockholders' equity 618.8 605.0
Non-controlling interest 0.3 0.3
Total equity 619.1 605.3
Total liabilities and equity $ 1,001.0 $ 1,030.0