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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 54.2 $ 43.8
Accounts receivable, net 186.4 184.7
Costs and recognized earnings in excess of billings on uncompleted contracts 65.7 55.6
Total assets held for sale 5,592.8 5,942.1
Other current assets 21.3 20.1
Total current assets 5,920.4 6,246.3
Investments 52.7 55.4
Deferred tax asset 2.7 3.0
Property, plant and equipment, net 110.7 112.8
Goodwill 110.9 111.0
Intangibles, net 167.1 172.1
Other assets 41.5 42.2
Total assets 6,406.0 6,742.8
Current liabilities    
Accounts payable 70.2 69.7
Accrued liabilities 78.6 77.1
Current portion of debt obligations 82.8 433.6
Billings in excess of costs and recognized earnings on uncompleted contracts 58.5 52.2
Liabilities held for sale 5,166.0 5,306.7
Other current liabilities 14.2 12.9
Total current liabilities 5,470.3 5,952.2
Deferred tax liability 6.9 7.0
Debt obligations 463.3 127.9
Other liabilities 34.0 39.8
Total liabilities 5,974.5 6,126.9
Commitments and contingencies
Temporary equity    
Preferred stock 10.4 10.4
Redeemable noncontrolling interest 7.6 5.3
Total temporary equity 18.0 15.7
Stockholders’ equity    
Common stock 0.1 0.1
Additional paid-in capital 355.7 355.7
Treasury stock, at cost: 1,385,056 and 1,109,751 shares at March 31, 2021 and December 31, 2020, respectively (5.2) (4.2)
Accumulated deficit (176.1) (188.7)
Accumulated other comprehensive income 215.1 396.9
Total HC2 Holdings, Inc. stockholders’ equity 389.6 559.8
Noncontrolling interest 23.9 40.4
Total stockholders’ equity 413.5 600.2
Total liabilities, temporary equity and stockholders’ equity $ 6,406.0 $ 6,742.8
Common stock, authorized (in shares) 160,000,000 160,000,000