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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 94.4 $ 105.3
Trade and other accounts receivable (less allowances of $4.2 million and $4.5 million respectively) 281.6 221.4
Inventories (less allowances of $21.1 million and $19.4 million respectively):    
Finished goods 174.0 156.3
Raw materials 76.5 63.7
Total inventories 250.5 220.0
Prepaid expenses 11.6 14.9
Prepaid income taxes 3.5 4.2
Other current assets 1.5 0.4
Total current assets 643.1 566.2
Net property, plant and equipment 214.1 210.8
Operating lease right-of-use assets 36.4 40.1
Goodwill 368.2 371.2
Other intangible assets 66.4 75.3
Deferred tax assets 7.4 7.6
Pension asset 121.2 118.0
Other non-current assets 5.0 8.2
Total assets 1,461.8 1,397.4
Current liabilities:    
Accounts payable 123.5 98.7
Accrued liabilities 142.3 129.8
Current portion of finance leases 0.2 0.5
Current portion of plant closure provisions 6.6 6.6
Current portion of accrued income taxes 6.3 5.5
Current portion of operating lease liabilities 12.1 11.3
Total current liabilities 291.0 252.4
Finance leases, net of current portion 0.0 0.1
Operating lease liabilities, net of current portion 24.4 28.9
Plant closure provisions, net of current portion 51.0 51.9
Accrued income taxes, net of current portion 28.6 32.4
Unrecognized tax benefits 16.3 16.0
Deferred tax liabilities 54.4 46.9
Pension liabilities and post-employment benefits 19.5 20.5
Other non-current liabilities 2.4 3.4
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 339.5 336.1
Treasury stock (4,912,939 and 4,958,599 shares at cost, respectively) (93.1) (93.3)
Retained earnings 790.4 758.6
Accumulated other comprehensive loss (63.5) (57.3)
Total Innospec stockholders' equity 973.6 944.4
Non-controlling interest 0.6 0.5
Total equity 974.2 944.9
Total liabilities and equity $ 1,461.8 $ 1,397.4