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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 71.4 $ 141.8
Trade and other accounts receivable (less allowances of $5.8 million and $5.1 million respectively) 339.9 284.5
Inventories (less allowances of $25.8 million and $25.4 million respectively):    
Finished goods 250.6 188.3
Raw materials 111.6 89.3
Total inventories 362.2 277.6
Prepaid expenses 12.2 18.0
Prepaid income taxes 13.2 5.8
Other current assets 0.4 0.4
Total current assets 799.3 728.1
Net property, plant and equipment 209.7 214.4
Operating lease right-of-use assets 49.3 35.4
Goodwill 357.0 364.3
Other intangible assets 48.1 57.5
Deferred tax assets 6.0 6.4
Pension asset 161.8 159.8
Other non-current assets 6.7 5.0
Total assets 1,637.9 1,570.9
Current liabilities:    
Accounts payable 180.9 148.7
Accrued liabilities 152.5 166.5
Finance leases   0.1
Current portion of operating lease liabilities 14.1 12.4
Current portion of plant closure provisions 6.6 5.2
Current portion of accrued income taxes 15.1 3.7
Total current liabilities 369.2 336.6
Plant closure provisions, net of current portion 49.2 51.3
Operating lease liabilities, net of current portion 35.2 23.1
Accrued income taxes, net of current portion 20.8 30.6
Unrecognized tax benefits 16.3 16.3
Deferred tax liabilities 60.8 60.8
Pension liabilities and post-employment benefits 16.4 17.8
Other non-current liabilities 1.4 1.4
Total liabilities 569.3 537.9
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 350.9 346.7
Treasury stock (4,739,680 and 4,780,806 shares at cost, respectively) (92.3) (90.6)
Retained earnings 876.1 822.9
Accumulated other comprehensive loss (67.1) (46.9)
Total Innospec stockholders' equity 1,067.9 1,032.4
Non-controlling interest 0.7 0.6
Total equity 1,068.6 1,033.0
Total liabilities and equity $ 1,637.9 $ 1,570.9