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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 89.2 $ 105.3
Trade and other accounts receivable (less allowances of $4.8 million and $4.5 million respectively) 302.8 221.4
Inventories (less allowances of $20.6 million and $19.4 million respectively):    
Finished goods 193.0 156.3
Raw materials 81.1 63.7
Total inventories 274.1 220.0
Prepaid expenses 12.3 14.9
Prepaid income taxes 3.8 4.2
Other current assets 0.8 0.4
Total current assets 683.0 566.2
Net property, plant and equipment 213.0 210.8
Operating lease right-of-use assets 33.4 40.1
Goodwill 366.0 371.2
Other intangible assets 61.9 75.3
Deferred tax assets 7.3 7.6
Pension asset 122.8 118.0
Other non-current assets 5.0 8.2
Total assets 1,492.4 1,397.4
Current liabilities:    
Accounts payable 137.1 98.7
Accrued liabilities 147.6 129.8
Current portion of finance leases 0.0 0.5
Current portion of operating lease liabilities 13.3 11.3
Current portion of plant closure provisions 5.7 6.6
Current portion of accrued income taxes 4.6 5.5
Total current liabilities 308.3 252.4
Finance leases, net of current portion 0.0 0.1
Plant closure provisions, net of current portion 50.8 51.9
Operating lease liabilities, net of current portion 20.2 28.9
Accrued income taxes, net of current portion 27.8 32.4
Unrecognized tax benefits 16.4 16.0
Deferred tax liabilities 54.4 46.9
Pension liabilities and post-employment benefits 19.1 20.5
Other non-current liabilities 2.3 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 341.3 336.1
Treasury stock (4,909,301 and 4,958,599 shares at cost, respectively) (93.0) (93.3)
Retained earnings 813.8 758.6
Accumulated other comprehensive loss (69.9) (57.3)
Total Innospec stockholders' equity 992.5 944.4
Non-controlling interest 0.6 0.5
Total equity 993.1 944.9
Total liabilities and equity $ 1,492.4 $ 1,397.4